News Archives for Print - 2018-01-04

Print - 2018-01-04

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Jan, 2018 12:00am

Exchange

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,253. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.205 billion and the number of lots traded was 8,160.

Published 04 Jan, 2018 12:00am

Vegetable Oil

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market was firmer on Tuesday, the first trading day of 2018, because of a stronger ringgit and higher Malaysian palm oil futures. Asking prices for palm oil were between $7.50 and $17.50 a tonne higher after Malaysi

Published 04 Jan, 2018 12:00am

European wheat futures edge lower

Benchmark European wheat futures edged lower on Tuesday to set a new contract low, as fresh gains for the euro underlined a tough export context and offset support from a weather-driven rally in Chicago. March milling wheat, the most active contract on Pa

Published 04 Jan, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 184,499 tonnes of cargo comprising 144,211 tonnes of import cargo and 40,288 tonnes of export cargo including 8,371 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of

Published 04 Jan, 2018 12:00am

Cotton

Cotton market: prices firmer on arrival of PCGA report

Cotton prices sustained firm posture on the local market on Wednesday after arrival of the Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate was higher by Rs 200 to Rs 7800, they said. In ready session, ov

Published 04 Jan, 2018 12:00am

US FOB Gulf corn, soya bids higher

Basis bids for corn and soyabeans shipped by barge to the US Gulf Coast were mostly higher on Tuesday as icy conditions on the Illinois River limited supplies available to exporters, traders said. Some barges were still navigating southern portions of the

Published 04 Jan, 2018 12:00am

Music sales soar in US, as streaming takes over market

Music sales grew at a robust pace for a third straight year in the United States in 2017 as listeners kept flocking to streaming outlets, an industry monitor said Wednesday. Analytical firm BuzzAngle Music said that consumption in the world's largest musi

Published 04 Jan, 2018 12:00am

Exchange

Dominion Energy to buy Scana Corp in $7.9 billion deal

Dominion Energy Inc said on Wednesday it would buy Scana Corp in an all-stock deal worth about $7.9 billion, offering the troubled utility a way out from dealing with spiraling costs and unhappy customers. Scana, which owns the South Carolina Electric & G

Published 04 Jan, 2018 12:00am

UK building firms see growth slow in December

Growth in Britain's construction sector slowed last month for the first time since September, as weaker growth in house-building combined with a fall in commercial building and stagnating infrastructure work, a survey showed on Wednesday. The IHS Markit/C

Published 04 Jan, 2018 12:00am

Spark to charge $850,000 per patient for blindness gene therapy

Spark Therapeutics Inc said on Wednesday it will charge $850,000 per patient for its breakthrough gene therapy to treat a rare form of blindness, a lower than expected price that the company said reflects patient and insurer concerns about access and cost

Published 04 Jan, 2018 12:00am

Hong Kong retail sales see highest growth in nearly three years

Hong Kong's retail sales rose for the ninth month in November in their best growth since February 2015 on strong consumer demand and improved tourism, in particular from mainland China. November retail sales grew 7.5 percent from a year earlier to HK$38.7

Published 04 Jan, 2018 12:00am

Currency

Turkish end-2017 inflation near 12 percent

Turkish consumer prices rose 11.92 percent in December, official data showed on Wednesday, exceeding Reuters poll predictions and sharply above a government forecast, although below a 14-year peak a month earlier. High inflation is one of the biggest chal

Published 04 Jan, 2018 12:00am

Top Canadian CEOs made more than 200 times average worker

Canada's 100 highest paid CEOs made more than 200 times the income of the ordinary worker in 2016, raking in an average Can$10.4 million ($8.3 million US), a study found Tuesday. The Canadian Centre for Policy Alternatives said CEO pay in 2016 was the hig

Published 04 Jan, 2018 12:00am

Sri Lanka central bank curbs two financial firms to ensure stability

Sri Lanka's central bank said on Tuesday it had taken action against two distressed financial companies to safeguard the overall financial system. It appointed a panel to manage Swarnamahal Financial Services PLC and its parent company ETI Finance Ltd, wh

Published 04 Jan, 2018 12:00am

Brazil closes out 2017 with record trade surplus

Brazil's road to economic recovery has passed another milestone with official data showing Tuesday that the country finished 2017 with a record trade surplus 40.5 percent higher than in the previous year. The $67 billion surplus was in line with market pr

Published 04 Jan, 2018 12:00am

Currency

ECB governor calls for tax, regulation on bitcoin

A top European Central Bank official on Wednesday called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering. "One ought to apply what the basic rule is in any other financial

Published 04 Jan, 2018 12:00am

German jobs bonanza pushes unemployment to record low

Germany's unemployment rate hit a record low as its jobless total fell more than forecast in December, underpinning a broad-based economic upswing that augurs well for further strong growth in 2018. Consumers in Europe's biggest economy are reaping the be

Published 04 Jan, 2018 12:00am

Petrobras settles US corruption class action for $2.95 billion

Petroleo Brasileiro SA, Brazil's state-controlled oil company, said on Wednesday it has agreed to pay $2.95 billion to settle a US class action brought by investors who claim they lost money as a result of a corruption scandal. Petrobras, as the company i

Published 04 Jan, 2018 12:00am

Deutsche Bank faces new 740 million-euro claim

Investors are suing Germany's biggest lender Deutsche Bank for 740 million euros, alleging they were underpaid for shares in subsidiary Postbank, local media reported Wednesday. At the heart of the suit is the question of when Deutsche took control of Pos

Published 04 Jan, 2018 12:00am

Spotify hit with new copyright suit in US

A music publisher is seeking at least $1.6 billion from Spotify for alleged copyright violations, the latest lawsuit to hit the fast-growing streaming company. Wixen Music Publishing, Inc - which holds rights to songs of major artists including Neil Young

Published 04 Jan, 2018 12:00am

Ryanair flies record passengers despite cancellations

Ryanair flew a record-high 129 million passengers last year, the Irish no-frills airline said Wednesday, despite cancelling thousands of flights because of a pilots shortage. Ryanair increased by 10 percent the number of passengers flown mainly across Eur

Published 04 Jan, 2018 12:00am

Palestinian Authority agrees to restore Gaza electricity payments

The Palestinian Authority said Wednesday it had agreed to restore payments for electricity in the Gaza Strip after a cut in June worsened a power crisis in the blockaded enclave. The electricity payments have been a key issue in ongoing efforts at reconci

Published 04 Jan, 2018 12:00am

China's Ant Financial drops MoneyGram deal as US approval fails

Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington. The decision by the Committee on Foreign Invest

Published 04 Jan, 2018 12:00am

Ford posts higher US sales in December; GM, FCA down

Ford posted a surprise increase in December auto sales, while General Motors and Fiat Chrysler saw declines, the companies reported on Wednesday. The results - better than anticipated for Ford and GM and about as expectated for FCA - caps a year in which

Published 04 Jan, 2018 12:00am

US factory, construction data brighten economic outlook

US factory activity increased more than expected in December, boosted by a surge in new orders growth, in a further sign of strong economic momentum at the end of 2017. The economy's robust fundamentals were also underscored by other data on Wednesday sho

Published 04 Jan, 2018 12:00am

Currency

Euro eases in Asia; dollar holds steady

The euro eased on Wednesday to take a breather from a rally prompted by optimism over the euro zone's economy and expectations the European Central Bank will wind down its bond-buying stimulus in 2018. The euro slipped 0.1 percent to $1.2048. The currency

Published 04 Jan, 2018 12:00am

Currency

Dollar springs back in European trade

The dollar bounced on Wednesday, snapping a three-week losing streak as investors consolidated positions before manufacturing data and minutes of a December US Federal Reserve meeting due later in the day. But despite the dollar's rebound, market strategi

Published 04 Jan, 2018 12:00am

Currency

Early trade in New York: dollar rebounds after strong US data

The dollar rallied on Wednesday after upbeat US manufacturing and construction data, snapping a three-week losing streak as investors awaited the release of the Federal Reserve's December policy meeting minutes. The US currency was on track to post its la

Published 04 Jan, 2018 12:00am

Exchange

Dollar slides over three-month low in New York

The dollar dropped on Tuesday to its lowest in more than three months, weighed down on the first trading day of 2018 by expectations of a slower pace of interest rate increases by the Federal Reserve amid a tepid US inflation picture. The dollar's decline

Published 04 Jan, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 82.70-82.70 (Previous 82.70-82.70).

Published 04 Jan, 2018 12:00am

Exchange

Sri Lankan rupee steadies

The Sri Lankan rupee closed steady on Wednesday in dull trade, as demand for dollars from importers and banks offset conversion of the US currency by exporters, dealers said. The spot rupee, which traded at 153.80 per dollar during the day, ended at 153.7

Published 04 Jan, 2018 12:00am

Currency

Most Asian currencies make small moves

The Thai baht surged to its highest in well over two years while some other Asian currencies trudged lower against the dollar as investors awaited the minutes of the US Federal Reserve's December policy meeting. The dollar recovered slightly after hitting

Published 04 Jan, 2018 12:00am

Yuan weakens

China's yuan eased against the US dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar buying by corporates. Prior to market opening on Wednesday, the People's Bank of China (PBO

Published 04 Jan, 2018 12:00am

Currency

Sterling slips against dollar

Sterling slipped from a three-month high above $1.36 on Wednesday, with currency traders cautious about pushing the pound too far without any new catalysts. The pound had earlier reached as high as $1.3614, its strongest since September 20 and less than h

Published 04 Jan, 2018 12:00am

Aussie, kiwi steady

The Australian and New Zealand dollars consolidated near multi-week highs on Wednesday as a spate of rousing factory surveys from around the globe seemed to bode well for the two countries' commodity exports. The Aussie dollar was steady at $0.7826, havin

Published 04 Jan, 2018 12:00am

Major Gulf markets up as Emaar continues rebound

Most major Gulf stock markets rose on Wednesday as some buyers returned from New Year holidays, and shares in Dubai's blue chip Emaar group rebounded for a second straight day. Egypt lagged, however, led lower by a few blue chips. Dubai's index added 1.4

Published 04 Jan, 2018 12:00am

Exchange

China stocks extend rally

China stocks rose for a fourth straight session on Wednesday, aided by strong gains in consumer and transport firms. At the close, the Shanghai Composite index was up 21.77 points or 0.65 percent at 3,370.10. The blue-chip CSI300 index was up 0.61 percent

Published 04 Jan, 2018 12:00am

Wednesday's early trade: S&P tops 2,700 for first time on tech gains, strong data

The benchmark S&P 500 index surged past the 2,700-mark for the first time on Wednesday and other major indexes hit record intraday highs as technology stocks climbed amid indications of robust economic growth in the US and overseas. The technology sector

Published 04 Jan, 2018 12:00am

Wall Street begins 2018 with gains; tech drives momentum

US stocks rose on Tuesday in the first session of the new year, pushing the S&P 500 and Nasdaq to record closing highs, as investors were optimistic that 2018 will bring more gains for the market. Gains were driven the most by technology, but consumer dis

Published 04 Jan, 2018 12:00am

Hong Kong shares rise

Hong Kong shares rose for the seventh straight session on Wednesday to a fresh decade-high, aided by strength in index heavyweight Tencent and consumer goods stocks. At close of trade, the Hang Seng index was up 45.64 points or 0.15 percent at 30,560.95.

Published 04 Jan, 2018 12:00am

Treasury yields rise

US Treasury yields rose on Tuesday on strong Wall Street gains and in line with European government yields after a European Central Bank official said the ECB's massive bond purchase program may not be continued later this year. Benoit Coeure, the ECB boa

Published 04 Jan, 2018 12:00am

Treasury yields rise

Published 04 Jan, 2018 12:00am

Currency

Indian shares flat

Indian shares closed almost unchanged on Wednesday as optimism about an improving global economy was offset by caution ahead of the start of the domestic corporate results season next week. The benchmark BSE index closed 0.06 percent lower at 33,793.38. T

Published 04 Jan, 2018 12:00am

Southeast Asian markets: Philippine, Thai stocks hit record closing highs

Most Southeast Asian stock markets rose on Wednesday, tracking broader Asian shares that marked a 10-year top on improved prospects for global economic growth, with the Philippine and Thai indexes hitting record closing highs. A raft of strong manufacturi

Published 04 Jan, 2018 12:00am

Currency

European shares post strong rebound

European shares recovered on Wednesday from a muted start to the year as a rising dollar boosted exporters and new records on Wall Street lifted spirits on a day devoted to the implementation of the new European MiFID II market rules. Euro zone blue chips

Published 04 Jan, 2018 12:00am

Sri Lankan shares soar

Sri Lankan shares rose for an eighth straight session to hit a six-week closing high on Wednesday, as investors picked up banks and diversified shares, with sentiment expected to remain positive after the central bank kept key policy rates unchanged last

Published 04 Jan, 2018 12:00am

Australian, New Zealand shares up

Australian shares closed higher on Wednesday, supported by gains in material stocks on the back of a rally in metal prices. Investor sentiment was also boosted by broader Asian markets which hit a 10-year high as a feast of upbeat manufacturing surveys co

Published 04 Jan, 2018 12:00am

Weaker sterling spurs turnaround for FTSE as oil and retailers rally

Britain's main stock index rose 0.4 percent to within a whisker of its recent record high, reversing an earlier swoon as oil majors jumped higher and the US dollar gained back ground against sterling, helping UK-listed dollar earners. Oil majors Royal Dut

Published 04 Jan, 2018 12:00am

Kerb

Germany on track for first Hopman final in 20 years

Germany are poised for a first Hopman Cup final appearance in more than 20 years after a resurgent Angelique Kerber helped lead them to a 3-0 win over Canada in Perth on Wednesday. The last time Germany reached the decider in the mixed teams tournament wa

Published 04 Jan, 2018 12:00am

Two more matches decided in Lieutenant General Shah Rafi Alam Memorial Polo

Barry's and Rijas/Green Orchard carved out impressive victories in the Lieutenant General Shah Rafi Alam Memorial Polo Cup 2018 matches played here the Lahore Polo Club (LPC) ground on Wednesday. Hernan Pieres guided Barry's 61/2-4 triumph over Outfitters

Published 04 Jan, 2018 12:00am

Svitolina reaches Brisbane quarters

Ukraine's Elina Svitolina continued her impressive start to the season when she demolished Croatian Ana Konjuh 6-3, 6-1 in the second round of the Brisbane International on Wednesday. Svitolina took just 64 minutes to see off Konjuh at the Pat Rafter Aren

Published 04 Jan, 2018 12:00am

Blind Cricket World Cup: After India's refusal to visit Pakistan matches schedule changed

After the Indian government refusal to grant permission to its blind cricket team to travel to Pakistan for the matches in connection with the Blind Cricket World Cup-2018, the host Pakistan Blind Cricket Council (PBCC) has changed the schedule of the mat

Published 04 Jan, 2018 12:00am

Samar Bagh win Lower Dir T20 Cricket Cup

Samar Bagh clinched the trophy after defeated Munda XI Club by 26 runs in the final of the Lower Dir Twenty20 Cricket played at Quaid-e-Azam Stadium, Dir Lower on Wednesday. Samar Bagh skipper won the toss and elected to bat first by setting up 136 runs f

Published 04 Jan, 2018 12:00am

Philippines tightens criteria for 2018 Asian Games hopefuls

Filipino athletes eyeing a spot at the 2018 Asian Games may have their work cut out ahead of this year's regional Olympics in Indonesia after officials said only medal holders need apply. The southeast Asian nation, which has never won an Olympic gold and

Published 04 Jan, 2018 12:00am

City back in the groove, Llorente fires Spurs

Raheem Sterling scored the fastest goal of the Premier League season as leaders Manchester City got back on track with a 3-1 win against Watford on Tuesday, while Fernando Llorente put Tottenham on course for a 2-0 victory at his former club Swansea. Ster

Published 04 Jan, 2018 12:00am

Woakes out for England, Crane to make Test debut: Root

Seamer Chris Woakes has been ruled out with a side strain opening the way for young leg-spinner Mason Crane to make his debut for England in Thursday's final Ashes Test against Australia. England skipper Joe Root confirmed 20-year-old Crane will play foll

Published 04 Jan, 2018 12:00am

Maxwell, Wade axed from Australia's ODI squad to play England

Regulars Glenn Maxwell and Matthew Wade were axed from Australia's squad on Wednesday for this month's one-day international series against England. Chief selector Trevor Hohns said ODI specialist Maxwell was omitted over consistency concerns, while Tim P

Published 04 Jan, 2018 12:00am

Munro blasts record century as New Zealand crush West Indies

Colin Munro smashed his way into the record books as New Zealand crushed the West Indies by 119 runs in the final Twenty20 at Mount Maunganui on Wednesday to sweep the series. Munro, with a rollicking 104 off 53 deliveries, became the first player to hit

Published 04 Jan, 2018 12:00am

Two children die in Vietnam explosion

A baby boy and a five-year-old girl were killed in an explosion east of Vietnam's capital Hanoi early Wednesday that destroyed several houses and wounded at least eight other people. Authorities are investigating the cause of the blast in Bac Ninh provinc

Published 04 Jan, 2018 12:00am

Inter-Korean hotline reopens after Seoul proposed talks

North and South Korea on Wednesday reopened a cross-border hotline which had been shut down since 2016, forging ahead with peace overtures despite taunts from US President Donald Trump who said he has a "much bigger" nuclear button than Kim Jong-Un. The h

Published 04 Jan, 2018 12:00am

Suicide blast kills 14 in Nigeria mosque

Fourteen worshippers were killed Wednesday when a suicide bomber attacked a mosque on Nigeria's border with Cameroon, civilian vigilantes told AFP. The suspected Boko Haram jihadist blew himself up amid worshippers inside the mosque in Gamboru around 5:00

Published 04 Jan, 2018 12:00am

Erdogan heads to France seeking EU thaw

Turkey's President Recep Tayyip Erdogan on Friday visits Paris for talks with French counterpart Emmanuel Macron, seeking to start the New Year by warming relations with the European Union after a torrid 2017. Macron will host Erdogan at the Elysee Palace

Published 04 Jan, 2018 12:00am

Storm Eleanor barrels through Europe

Winter storm Eleanor swept across Europe on Wednesday, causing widespread damage and disruptions that have snarled transport and cut power to tens of thousands of people. A 21-year-old skier was killed by a falling tree at Morillon in the French Alps whil

Published 04 Jan, 2018 12:00am

First Florida snow in 29 years as major storm hits US

It's called snow, something residents of North Florida hadn't seen in almost three decades until Wednesday, and it is part of a deep-freeze striking the entire US East Coast. The US National Weather Service warned that a major winter storm would bring hea

Published 04 Jan, 2018 12:00am

Zambia foreign minister resigns, complaining of graft

Zambian foreign affairs minister Harry Kalaba has resigned citing "swelling" corruption in government and criticising President Edgar Lungu, officials confirmed to AFP on Wednesday. Kalaba, who was appointed in 2014, wrote a scathing message on social med

Published 04 Jan, 2018 12:00am

Indonesia launches cyber agency to tackle extremism, fake news

Indonesia launched a new cyber security agency Wednesday as the world's biggest Muslim majority country moves to tackle online religious extremism and a flood of fake news on social media. Millions of Indonesians are going online for the first time just a

Published 04 Jan, 2018 12:00am

Cosmic dust, not 'alien megastructure,' veils mysterious star

It's been called the "most mysterious star in the universe," bigger than the sun and yet brightening and dimming in an odd way that suggested to some an alien megastructure might be circling it. But a study out Wednesday, compiled by more than 100 scienti

Published 04 Jan, 2018 12:00am

Russian helicopter crashes in Syria, two dead

A Russian helicopter crashed in Syria on New Year's Eve killing both pilots following a technical fault, Moscow's defence ministry said Wednesday. The Mi-24 military helicopter was flying to Hama, northwestern Syria, and there was no firing from the groun

Published 04 Jan, 2018 12:00am

Suu Kyi government ups Myanmar minimum wage as economy staggers

Myanmar is set to raise the minimum wage to around $3.60 a day, state media announced Wednesday, as Aung San Suu Kyi's civilian government struggles to project economic progress after almost two years in power. The new daily figure of 4,800 kyats represen

Published 04 Jan, 2018 12:00am

Palestinians say won't be 'blackmailed' after Trump threat

Palestinian leaders said Wednesday they will not be "blackmailed" after US President Donald Trump threatened to cut aid worth more than $300 million annually, his latest provocative move that could upturn years of careful diplomacy. Relations between Trum

Published 04 Jan, 2018 12:00am

544 illegal structures demolished

Karachi Development Authority (KDA) claimed to have demolished some 544 constructions that were 'illegally' built on its land as well as on amenity plots in the metropolis during the last month. KDA officials said that the operation has been initiated in

Published 04 Jan, 2018 12:00am

Microfinance Banks: SBP to collect branch-wise data of assets, liabilities

The State Bank of Pakistan (SBP) has decided to collect the branch-wise data of Assets and Liabilities from all Microfinance Banks and Development Finance Institutions. According to the SBP Circular NO DS. BS. 2 (1)/000061-18, keeping in view the recent d

Published 04 Jan, 2018 12:00am

Baldia factory case: ATC rejects Bhola's bail plea

An anti-terrorism court on Wednesday dismissed a bail application of Abdul Rehman alias Bhola, a former sector-in-charge of the Muttahida Qaumi Movement (MQM), in the Baldia factory fire case. Bhola, a key suspect in the case pertaining to a deadly fire t

Published 04 Jan, 2018 12:00am

PIA's reservation system restored

PIA Reservation system has been restored to normal functioning. PIA spokesman said on Wednesday. A temporary technical problem in reservation system occurred on Wednesday and was restored. He said that all flights are operating normally and were not affec

Published 04 Jan, 2018 12:00am

Violation of traffic laws assumes alarming proportions in Karachi

The increasing incidents of one-way violations and breaking the signal by drivers of motorcycles, cars, rickshaws and other vehicles are causing massive traffic jams and accidents in the city. The nuisance has grown to an alarming situation which can be j

Published 04 Jan, 2018 12:00am

Mutual Funds

Exide Pakistan Limited

The premier battery manufacturer, Exide Pakistan (PSX: EXIDE) was incorporated in 1953 in association with Chloride Group PLC of the United Kingdom and went public in 1982. The group at the time had associates worldwide across 35 destinations and was supp

Published 04 Jan, 2018 12:00am

Mutual Funds

Exide Pakistan Limited

Published 04 Jan, 2018 12:00am

Generals, judges accountability: Lahore High Court rejects petition

The Lahore High Court registrar office refused to entertain during winter vacation a petition seeking the enforcement of accountability laws on judges and army officials like other citizens of the country. The registrar office held that it was not an urge

Published 04 Jan, 2018 12:00am

Nawaz to share 'secrets' Zardari asks

Former President and Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari has said that former Prime Minster Mian Nawaz Sharif should share his secrets if any conspiracy is really being hatched against him or the PML-N government. The PPP co-chairman

Published 04 Jan, 2018 12:00am

Cluster-based competitive exams suggested for FPSC

The competitive examinations should be made cluster-based exams with specific exams for different service groups, problem analysis techniques and restricted choices. This was the crux of a meeting of Senate Special Committee which met here on Wednesday to

Published 04 Jan, 2018 12:00am

Summary sent to Prime Minister to rescue 'corrupt' EDB

The Ministry of Industries and Production (MoI&P) has sent a summary to Prime Minister Shahid Khaqan Abbasi to rescue officially declared "corrupt" organization ie Engineering Development Board (EDB), well informed sources told Business Recorder. I

Published 04 Jan, 2018 12:00am

Verdict reserved

The Lahore High Court on Wednesday reserved its verdict on a petition seeking appointment of visually impaired person as district public prosecutor in grade 18. The petitioner Umar Tufail submitted that he had passed the written test and even qualified fo

Published 04 Jan, 2018 12:00am

Tobacco squad awarded: 7,230,000 sticks of illicit cigarettes seized

The Regional Tax Office (RTO) II rewarded officers and officials of the tobacco squad for conducting successful raids and seizing 7,230,000 sticks of illicit cigarettes from Sheikhupura in the month of November. Gift vouchers were distributed by FBR's Inl

Published 04 Jan, 2018 12:00am

Trump's threats won't affect Pakistan: Jamaat-e-Islami chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the US lackeys should shed self deception after US President Trump's persistent hostility towards Pakistan. According to media cell of JI from Mansoora, he was addressing the Pakistani community

Published 04 Jan, 2018 12:00am

Fish sale point inaugurated

Punjab University's Department of Zoology has started fish sale point at Punjab University New Campus. The PU has established Fish Research Farms on 6 Acres area for the purpose of thesis research, practical training and demonstration studies for students

Published 04 Jan, 2018 12:00am

Mini-micro hydel projects Minister directs early completion

Khyber Pakhtunkhwa Minister for Energy Atif Khan Wednesday directed Energy and Power officials to timely complete 672 mini-micro hydel power projects initiate by the government across the province warning strict action in case of delay. Presiding over a m

Published 04 Jan, 2018 12:00am

SMEDA, BUST ink MoU to set up business development centre

Small and Medium Enterprises Development Authority (SMEDA) and Bannu University of Science and Technology (BUST) on Wednesday signed a memorandum of understanding (MoU) for the establishment of Business Development Centre (BDC) on the campus of the varsit

Published 04 Jan, 2018 12:00am

Eighth Annual Hult Prize: IBA advances in regional finals

The Institute of Business Administration (IBA), Karachi, advances to Regional Finals of 8th Annual Hult Prize in response to the United Nation's Challenge of "Harnessing the Power of Energy". The Grand Finale of the first edition of Hult Prize presented b

Published 04 Jan, 2018 12:00am

Exchange

Japanese Foreign Minister arrives in Islamabad

Japanese Foreign Minister Taro Kono arrived on a two-day official visit here on Wednesday night to hold talks with Pakistani authorities. He was received by senior Foreign Office officials upon arrival at Nur Khan Airbase. During his stay in Pakistan, the

Published 04 Jan, 2018 12:00am

Ahsan criticises Trump's tweet: 'Pakistan collecting thorns spread by US in region'

Criticizing the US President Donald Trump's anti-Pakistan tweet, Interior Minister Ahsan Iqbal has said that no one has the right to label Pakistan a lair when it has made sizable sacrifices in war against terror. Iqbal said this while addressing an anti-

Published 04 Jan, 2018 12:00am

Cotton

PARB, UAF ink MoU to extend agri research

The Punjab Agricultural Research Board (PARB) and University of Agriculture Faisalabad (UAF) on Wednesday inked a Memorandum of Understanding to foster agriculture research collaboration. The MoU was duly signed by UAF Vice Chancellor Dr Muhammad Iqbal Za

Published 04 Jan, 2018 12:00am

Against Trump's statement: Kasuri hails unanimity between civil-military leaderships

Former foreign minister Khurshid Mahmood Kasuri has welcomed the unanimity of thought between the civil and military leadership against the US policy towards Pakistan. "It is a matter of great satisfaction that the civil and military leaderships is on the

Published 04 Jan, 2018 12:00am

Islamic banking growing globally: Qadri

Chief of Pakistan Awami Tehrik Dr Tahir Ul Qadri has said that Islamic banking is growing globally with annual growth rate of 15 to 20 percent taking its volume to one trillion US dollars. While addressing an opening session of two-day 'International Isla

Published 04 Jan, 2018 12:00am

Exchange

First World Islamic Economics, Finance moot kicks off

The first two-day World Islamic Economics & Finance Conference (WIEFC 2018) organized by Minhaj University in collaboration with Islamic Development Bank, Jeddah & Islamic Research, and Training Institute began, here on Wednesday. The conference has broug

Published 04 Jan, 2018 12:00am

SNGPL to establish facilitation desk at LCCI

Sui Northern Gas Pipelines Limited (SNGPL) will establish a facilitation desk at the Lahore Chamber of Commerce and Industry headed by LCCI Vice president Zeshan Khalil. It was decided at a meeting between LCCI president Malik Tahir Javaid and managing di

Published 04 Jan, 2018 12:00am

Cotton

PRGMEA seeks relaxation in yarn import duties

Chief Coordinator Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Ijaz A Khokhar on Wednesday said that apparel industry is suffering with the low productivity due to shortage of cotton yarn, high energy cost, and discriminating

Published 04 Jan, 2018 12:00am

ICAP, IGI sign MoU for vehicle insurance cover

The Institute of Chartered Accountants of Pakistan (ICAP) signed a Memorandum of Understanding (MoU) with IGI Insurance Ltd for motor vehicle insurance cover. The MoU is signed by Razi Khan, Executive Director, ICAP and Awais Ahmed, Assistant General Mana

Published 04 Jan, 2018 12:00am

PFVA felicitates FPCCI office-bearers

All Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PFVA) expressing deep appreciation on success of United Business Group (UBG) in FPCCI election congratulated dynamic leadership of UBG and all elected candidates. PFVA hoped th

Published 04 Jan, 2018 12:00am

Dense fog disrupts rail & road traffic

As weather remained cold and dry in most parts of the country on Wednesday, a thick layer of fog and severe cold has gripped Punjab and upper parts of the country including mountainous areas of Baluchistan dropping the minimum temperature to: Skardu -10,

Published 04 Jan, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 7	278
USD PKR Interbank Buying / Nov 7	277.85
USD to Japanese Yen / Nov 7	154.11
USD to Swiss Franc / Nov 7	0.88
Pound Sterling to USD / Nov 7	1.29
Euro to USD / Nov 7	1.07

Stock	Volume
S&P 500 / Nov 6	5,929.04
Nasdaq / Nov 6	18,983.46
Dow Jones / Nov 6	43,729.93
India Sensex / Nov 7	79,507.26
Tokyo Nikkei / Nov 7	39,366.94
Hang Seng / Nov 7	20,858.18
FTSE 100 / Nov 7	8,192.50
Germany DAX 30 / Nov 7	19,253.31

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Crude Oil USD/Barrel / Nov 7	72.04
Gold 10 Grams PKR / Nov 7	237,311
Gold Spot USD/Ounce / Nov 7	2,657.92
Cotton US¢/pound / Nov 7	70.32
Petrol/Litre / Nov 8	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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