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Print - 2017-12-23
External risks rise: Fitch
Currency

External risks rise: Fitch

The decline in Pakistan's foreign exchange reserves and widening of the current account deficit since the end of the country's IMF programme in September 2016 has raised medium term risks, says Fitch Ratings. Nevertheless, Pakistan is unlikely to face ext
Published 23 Dec, 2017 12:00am
External risks rise: Fitch
Currency

External risks rise: Fitch

The decline in Pakistan's foreign exchange reserves and widening of the current account deficit since the end of the country's IMF programme in September 2016 has raised medium term risks, says Fitch Ratings. Nevertheless, Pakistan is unlikely to face ext
Published 23 Dec, 2017 12:00am
BRIndex100 extends gains
Mutual Funds

BRIndex100 extends gains

Pakistan Stock Exchange Friday witnessed another bullish session on the back of healthy buying mainly by local investors and institutions. BRIndex100 gained 97.72 points or 2.39 percent to close at 4,191.56 points. BRIndex100 touched intraday high of 4,20
Published 23 Dec, 2017 12:00am
BRIndex100 extends gains
Mutual Funds

BRIndex100 extends gains

Pakistan Stock Exchange Friday witnessed another bullish session on the back of healthy buying mainly by local investors and institutions. BRIndex100 gained 97.72 points or 2.39 percent to close at 4,191.56 points. BRIndex100 touched intraday high of 4,20
Published 23 Dec, 2017 12:00am
BRIndex100 extends gains
Mutual Funds

BRIndex100 extends gains

Pakistan Stock Exchange Friday witnessed another bullish session on the back of healthy buying mainly by local investors and institutions. BRIndex100 gained 97.72 points or 2.39 percent to close at 4,191.56 points. BRIndex100 touched intraday high of 4,20
Published 23 Dec, 2017 12:00am
Ford chief apologizes for sex harassment at US plants

Ford chief apologizes for sex harassment at US plants

The chief of Ford Motor Company has apologized to employees at two factories in the US city of Chicago and promised changes, after a scathing expose detailed decades of sexual harassment and abuse. The New York Times published an extensive account earlier
Published 23 Dec, 2017 12:00am
Ford chief apologizes for sex harassment at US plants

Ford chief apologizes for sex harassment at US plants

The chief of Ford Motor Company has apologized to employees at two factories in the US city of Chicago and promised changes, after a scathing expose detailed decades of sexual harassment and abuse. The New York Times published an extensive account earlier
Published 23 Dec, 2017 12:00am
Ford chief apologizes for sex harassment at US plants

Ford chief apologizes for sex harassment at US plants

The chief of Ford Motor Company has apologized to employees at two factories in the US city of Chicago and promised changes, after a scathing expose detailed decades of sexual harassment and abuse. The New York Times published an extensive account earlier
Published 23 Dec, 2017 12:00am
Three FC personnel martyred on Afghan border

Three FC personnel martyred on Afghan border

Three FC personnel have been martyred by cross-border firing from terrorists on the Pak-Afghan border. According to Inter-Services Public Relations (ISPR), the FC personnel were busy constructing a new border post when the attack took place in Shunkrai ar
Published 23 Dec, 2017 12:00am
Three FC personnel martyred on Afghan border

Three FC personnel martyred on Afghan border

Three FC personnel have been martyred by cross-border firing from terrorists on the Pak-Afghan border. According to Inter-Services Public Relations (ISPR), the FC personnel were busy constructing a new border post when the attack took place in Shunkrai ar
Published 23 Dec, 2017 12:00am
FO reacts sharply to 'notice' remark

FO reacts sharply to 'notice' remark

The Foreign Office on Friday reacted sharply to US Vice President Mike Pence's statement that President Trump has "put Pakistan on notice" allegedly for "harboring terrorists and providing safe havens to them," saying allies do not put each other on notic
Published 23 Dec, 2017 12:00am
FO reacts sharply to 'notice' remark

FO reacts sharply to 'notice' remark

The Foreign Office on Friday reacted sharply to US Vice President Mike Pence's statement that President Trump has "put Pakistan on notice" allegedly for "harboring terrorists and providing safe havens to them," saying allies do not put each other on notic
Published 23 Dec, 2017 12:00am
'President Trump has put Pakistan on notice': Pence

'President Trump has put Pakistan on notice': Pence

Vice President Mike Pence told US troops in Afghanistan Thursday that they have put the Taliban on the run, as he became the most senior Trump administration official to visit the men and women fighting America's longest-ever war. Flying secretly through
Published 23 Dec, 2017 12:00am
'President Trump has put Pakistan on notice': Pence

'President Trump has put Pakistan on notice': Pence

Vice President Mike Pence told US troops in Afghanistan Thursday that they have put the Taliban on the run, as he became the most senior Trump administration official to visit the men and women fighting America's longest-ever war. Flying secretly through
Published 23 Dec, 2017 12:00am
ECP to complete delimitations by May

ECP to complete delimitations by May

The Election Commission of Pakistan (ECP) has announced to complete the process of delimitation of constituencies by May 3, next year, so that next general elections can be held in time. Talking to media persons here on Friday, Secretary ECP Babar Yaqoob
Published 23 Dec, 2017 12:00am
ECP to complete delimitations by May

ECP to complete delimitations by May

The Election Commission of Pakistan (ECP) has announced to complete the process of delimitation of constituencies by May 3, next year, so that next general elections can be held in time. Talking to media persons here on Friday, Secretary ECP Babar Yaqoob
Published 23 Dec, 2017 12:00am
Abbasi says ''energy landscape'' has been changed

Abbasi says ''energy landscape'' has been changed

Prime Minister Shahid Khaqan Abbasi said on Friday that the White Oil Pipeline Mogas (WOPM) project will help in promoting the country''s economic growth and bring oil prices down by Rs 1 to Rs 1.5 per litre. "We have changed energy landscape of the count
Published 23 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 22, 2017).

Published 23 Dec, 2017 12:00am
Abbasi says 'energy landscape' has been changed

Abbasi says 'energy landscape' has been changed

Prime Minister Shahid Khaqan Abbasi said on Friday that the White Oil Pipeline Mogas (WOPM) project will help in promoting the country's economic growth and bring oil prices down by Rs 1 to Rs 1.5 per litre. "We have changed energy landscape of the countr
Published 23 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 22, 2017).

Published 23 Dec, 2017 12:00am
Abbasi says 'energy landscape' has been changed

Abbasi says 'energy landscape' has been changed

Prime Minister Shahid Khaqan Abbasi said on Friday that the White Oil Pipeline Mogas (WOPM) project will help in promoting the country's economic growth and bring oil prices down by Rs 1 to Rs 1.5 per litre. "We have changed energy landscape of the countr
Published 23 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 22, 2017).

Published 23 Dec, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 22, 2017).

Published 23 Dec, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 22, 2017).
Published 23 Dec, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (December 22, 2017).

Published 23 Dec, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 23 Dec, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 23 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Dec, 2017 12:00am
A brief history of Japan

A brief history of Japan

Japan has a long history with the first humans arriving around 35,000 B.C.. The position of Japan relative to the Asian mainland had played a significant role in the country's development. Although the archipelago is situated near the mainland, there is s
Published 23 Dec, 2017 12:00am
Business travel to Japan

Business travel to Japan

Business travel to Japan is common as Tokyo is one of the world's financial hubs. However, there are a few things that businesspeople need to know before doing business in Japan. With the emphasis the Japanese put on manners and respect for others, what m
Published 23 Dec, 2017 12:00am
IKEBANA: Japanese art of arranging flowers

IKEBANA: Japanese art of arranging flowers

Ikebana is the unique Japanese art of arranging flowers. It is a very disciplined art form that brings together humanity and nature. It runs completely counter to the concept of a flower arrangement as being just a collection of multicolored blooms and ac
Published 23 Dec, 2017 12:00am
Pakistan and Japan: partners in progress
Cotton

Pakistan and Japan: partners in progress

Pakistan and Japan have partnered together through the years and ever since their diplomatic relations were established in April 1952, now celebrating 65 years. While Japan had just risen from the ashes of the WWII in 1945, Pakistan had just gained Indepe
Published 23 Dec, 2017 12:00am
Message from chairman and CEO Pakistan-Japan business forum
Exchange

Message from chairman and CEO Pakistan-Japan business forum

On the joyous and auspicious occasion of His Majesty the Emperors' 84th birthday I extend my sincere greetings to The Emperor Akhito and the people of Japan for nurturing the tradition of monarchy for thousands of years and being amongst the selected few
Published 23 Dec, 2017 12:00am
Message from consul-general of Japan in Karachi
Cotton

Message from consul-general of Japan in Karachi

I am very pleased to contribute my message to this column to celebrate His Majesty the Emperor Akihito's 84th Birthday. On December 23, 2017, His Majesty will be 84 years old. The Imperial House of Japan is one of the oldest monarchies in the world with t
Published 23 Dec, 2017 12:00am
Message from ambassador of Pakistan to Japan
Exchange

Message from ambassador of Pakistan to Japan

On the auspicious occasion of His Majesty the Emperor of Japan's Birthday, I wish to express my deepest felicitations and sincere greetings to His Majesty the Emperor, Imperial family, the Government and people of Japan.
Published 23 Dec, 2017 12:00am
Message from ambassador of Japan to Pakistan
Exchange

Message from ambassador of Japan to Pakistan

On the auspicious occasion of the 84th Birthday of His Majesty the Emperor of Japan, it is a pleasure and a privilege for me to address the Pakistani people. On this festive occasion, on behalf of the Government and the people of Japan, I would like to ex
Published 23 Dec, 2017 12:00am
Adorable or deplorable? Porgs stir debate in 'Star Wars' galaxy

Adorable or deplorable? Porgs stir debate in 'Star Wars' galaxy

Furry, wide-eyed and winged critters called Porgs are invading the "Star Wars" galaxy, and Walt Disney Co hopes they will soon be roosting under fans' Christmas trees. Porgs make their debut in "The Last Jedi," the new "Star Wars" movie that reaches theat
Published 23 Dec, 2017 12:00am
Bridge Notes: The Bridge hocus-pocus

Bridge Notes: The Bridge hocus-pocus

Bridge has many dimensions and gives the players multiple gadgets with which they can choose their best options to buckle down the opponents and have their way to success. Many a times the declarer hits the winning key and succeeds. But when the odds are
Published 23 Dec, 2017 12:00am
'Titanic' keeps that sinking feeling alive, 20 years on

'Titanic' keeps that sinking feeling alive, 20 years on

Part saturnine elegy to doomed youth, part exaltation of the transcendent power of love, blockbuster disaster movie "Titanic" is delivering that sinking feeling to a whole new generation of fans. Tuesday marks two decades since Rose vowed to Jack she'd "n
Published 23 Dec, 2017 12:00am
Quenching the thirst of knowledge through book fair

Quenching the thirst of knowledge through book fair

It is an old saying that books are our best friends. Just as food is a necessity for body, reading is nourishment for mind and soul. Starting from preschool age, it is a lifelong skill to get a hold of confidence, sharpness, and grooming socio-cultural ab
Published 23 Dec, 2017 12:00am
Rekindling 'Qaumi Mushaira'

Rekindling 'Qaumi Mushaira'

The lush green lawns of the Mohatta Palace Museum brought to life with vibrant hues and tastes of poetry recently at the occasion of the Urdu 'Qaumi Mushaira' organised in connection with the objective of reviving the tradition of 'Mushaira', which has be
Published 23 Dec, 2017 12:00am
It's a man's world: Women scarce in the annals of Nobel Prize

It's a man's world: Women scarce in the annals of Nobel Prize

The Nobel Prize statistics are dour reading for women, who've been awarded only one of every 20 prizes. And while the numbers are slowly improving, the December 10 prize ceremony was an all-male affair for the second straight year.
Published 23 Dec, 2017 12:00am
ART FACTS: Vibrant forms

ART FACTS: Vibrant forms

Unique and individual expressions of human faces portrayed through creative ceramics works by artist Shazia Zuberi in a solo exhibition at Chawkandi Gallery, Karachi, fascinated the viewers. This 'Deosai' series collection reflected Nature's beauty. Inspi
Published 23 Dec, 2017 12:00am
What is net neutrality and why is it important?

What is net neutrality and why is it important?

The concept dates back to the early days of the web, and requires internet service providers to treat all data equally - prohibiting the blocking of sites or services for competitive reasons, and banning "fast" and "slow" lanes for different kinds of onli
Published 23 Dec, 2017 12:00am
Striking a balance between unity and diversity

Striking a balance between unity and diversity

The vulnerability of a federal polity against the thrust of internal diversity is a phenomenon that is world wide. Except in well established federal polities such as the US, which are sustained by durable institutions, fool proof mechanisms and crystalli
Published 23 Dec, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,144. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.157 billion and the number of lots traded was 6,955. Major business was contributed by gold PKR
Published 23 Dec, 2017 12:00am
CBOT corn futures higher

CBOT corn futures higher

Chicago Board of Trade corn futures edged higher on Wednesday on short-covering following recent contract lows and on firm cash markets, traders said. The market remained capped by abundant supplies. Trading was rangebound, with investors squaring positio
Published 23 Dec, 2017 12:00am
Palm oil falls on European vegoils market
Vegetable Oil

Palm oil falls on European vegoils market

Palm oil on the European vegetable oils market eased on Wednesday, tracking losses in Malaysian palm oil futures on the back of a stronger ringgit and technical selling. "Lower Malaysian palm oil exports for the first 20 days of December also weighed, alt
Published 23 Dec, 2017 12:00am
European wheat futures lower on stronger euro
Exchange

European wheat futures lower on stronger euro

European wheat futures edged lower on Wednesday, pressured by a stronger euro that underlined a tough export context for western European wheat. Activity remained light as the market was winding down before the Christmas and New Year period, while in Fran
Published 23 Dec, 2017 12:00am
US FOB Gulf soyabean premiums rise on good demand

US FOB Gulf soyabean premiums rise on good demand

Basis bids for soyabeans shipped by barge to the US Gulf Coast were steady to firm on Wednesday while FOB export premiums were higher on good demand and slow movement of physical supplies into the market, traders said. Top importer China is in need of Jan
Published 23 Dec, 2017 12:00am
US natural gas futures fall on record production

US natural gas futures fall on record production

US natural gas futures fell on Wednesday with production at a record high despite forecasts for a bitter cold start to the New Year that is expected to keep heating demand high through the first week of 2018. Front-month gas futures fell 5.5 cents, or 2 p
Published 23 Dec, 2017 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 155,142 tonnes of cargo comprising 120,479 tonnes of import cargo and 34,663 tonnes of export cargo including 5,419 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 120
Published 23 Dec, 2017 12:00am
Steadier trend seen on cotton market
Cotton

Steadier trend seen on cotton market

Firm trend persisted on the cotton market on Friday as the prices maintained present levels in the process of trading, dealers said. The official spot rate was unchanged at Rs 7000, they said. In ready session, around 20,000 bales of cotton changed hands
Published 23 Dec, 2017 12:00am
CBOT soyabean futures fall to three-month low

CBOT soyabean futures fall to three-month low

Chicago Board of Trade soyabean futures posted fresh three-month lows on Wednesday and ended lower for a fifth consecutive session as rains in many South American soya production areas were seen boosting crops. Weaker soyaoil futures also fueled selling i
Published 23 Dec, 2017 12:00am
First Ryanair strike sees delays, but no cancellations in Germany

First Ryanair strike sees delays, but no cancellations in Germany

Passengers travelling with Ryanair in Germany on Friday saw little disruption from a short strike called by a pilots' union, with the no-frills airline praising crew for "largely ignoring" the unprecedented walkout. But Germany's powerful Cockpit union (V
Published 23 Dec, 2017 12:00am
Mauritania paper shortage paralyses private media

Mauritania paper shortage paralyses private media

Mauritania's press union complained on Friday that a paper shortage had deprived readers of any privately-run media for more than 10 days, while state-sponsored publications continued to print normally. A government-funded printing press covers two-thirds
Published 23 Dec, 2017 12:00am
Ukraine and Russia both claim win in gas dispute

Ukraine and Russia both claim win in gas dispute

Ukraine and Russia on Friday both claimed victory after arbitration aimed at settling a ferocious dispute between them over a 2009 energy contract. In its decision, the Stockholm arbitration court substantially lowered the price Russia can claim for its g
Published 23 Dec, 2017 12:00am
Founder of South Korea's Lotte Group given four years jail

Founder of South Korea's Lotte Group given four years jail

The wheelchair-bound nonagenarian founder of South Korea's embattled Lotte retail conglomerate was convicted of embezzlement and breach of duty Friday and sentenced to four years in prison. Shin Kyuk-Ho, 95, founded the group in Tokyo in the late 1940s, b
Published 23 Dec, 2017 12:00am
Strong US consumer, business spending bolster growth picture

Strong US consumer, business spending bolster growth picture

US consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday, the latest signs of strong momentum in the economy as the year winds down. But the bullish growth picture
Published 23 Dec, 2017 12:00am
Apple admits to slowing iPhones as batteries age

Apple admits to slowing iPhones as batteries age

Apple on Thursday confirmed what some conspiracy theorists suspected, that it intentionally slows performance of older iPhones as batteries weaken from age. The admission played into concerns that Apple was stealthily nudging iPhone users to upgrade to ne
Published 23 Dec, 2017 12:00am
ThyssenKrupp steelworkers clinch deal ahead of Tata merger

ThyssenKrupp steelworkers clinch deal ahead of Tata merger

Steelworkers at German industrial giant ThyssenKrupp have won guarantees that their jobs are secure until 2026, bringing the group a step closer to its planned merger with India's Tata Steel. ThyssenKrupp said late Thursday it had clinched a deal with Ger
Published 23 Dec, 2017 12:00am
Japan unveils record defence budget against North Korea threat

Japan unveils record defence budget against North Korea threat

Japan's defence budget will swell to a record $46 billion for the next fiscal year, the government said Friday, as the nation shores up its missile shield against the threat posed by North Korea. The defence spending was part of a $860-billion national bu
Published 23 Dec, 2017 12:00am
Volkswagen sacks executive jailed over 'dieselgate'

Volkswagen sacks executive jailed over 'dieselgate'

Volkswagen has sacked an executive who was jailed for his role in the German automaker's "dieselgate" scandal - by sending a letter of dismissal to his US prison cell. German newspaper Bild am Sonntag said it learned from sources close to the firm that Ol
Published 23 Dec, 2017 12:00am
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