News Archives for Print - 2018-01-06

Print - 2018-01-06

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Currency

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Currency

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 05, 2018).

Published 06 Jan, 2018 12:00am

Asian currencies rallied on Friday as investors globally continued to show strong appetites for risk. The weak dollar contributed to gains. The Philippine peso hit a near six-month high. Asian shares were near a record high, while the euro held firm and w

Published 06 Jan, 2018 12:00am

'US statements against Pakistan would not help achieve goals'

Pakistan's Ambassador to the United States, Aizaz Ahmad Chaudhry has said that Pakistan is a sovereign country and statements by the US officials against a sovereign state would not help achieving goals and targets against terrorism.

Published 06 Jan, 2018 12:00am

China's support helps Pakistan overcome power shortage

China's solid support helped Pakistan successfully overcome its chronic power shortage as well as giving boost to overall socio-economic development, says an article published in Chinese media on Friday. China-Pakistan Economic Corridor (CPEC) is testimon

Published 06 Jan, 2018 12:00am

America has no problem with Pak-China ties: US official

The US has appeared unperturbed that its suspension of security aid to Pakistan would bring Islamabad closer to China and insisted that the two relationships are different. "I believe they (Pakistan) do want to build strong relations with both countries.

Published 06 Jan, 2018 12:00am

JUI-S leader for evolving consensus on Fata-KP merger

Jamiat-e-Ulema-e-Islam Samiul Haq (JUI-S) provincial Ameer, Maulana Yousaf Shah has urged the federal government and all the political parties to shun their political differences and promote unity in order to evolve consensus on the timely merger of Feder

Published 06 Jan, 2018 12:00am

NA panel okays two bills

The National Assembly Standing Committee on National Health Services, Regulations and Coordination Friday approved two bills. Discussion on another two bills was deferred due to the movers' absence. The two bills, "The Health Services Academy (Restructuri

Published 06 Jan, 2018 12:00am

Exchange

31 students off to ASU

The United States Agency for International Development (USAID) and Pakistani officials recognized 24 students and seven faculty members from National University of Science and Technology (NUST) and the University of Engineering and Technology Peshawar (UE

Published 06 Jan, 2018 12:00am

Tributes paid to Qazi Hussain Ahmed

The sixth death anniversary of JI former chief Qazi Hussain Ahmed was observed at Nowshera Press Club on Friday. On this occasion, Jamaat-e-Islami (JI) Khyber Pakhtunkhwa chapter had arranged a condolence seminar to pay tribute to late leader.

Published 06 Jan, 2018 12:00am

Shoaib highlights role of private sector in CPEC projects

The Secretary Planning, Development and Reform (PD&R), Shoaib Ahmad Siddiqui has said that CPEC is moving to next stage of development by entering into industrialization phase where Pakistan's private sector has to play a leading and proactive role.

Published 06 Jan, 2018 12:00am

MMA lashes out at Trump's tirade against Pakistan

A joint meeting of the provincial leadership of component of the religio-political alliance Muttahida Majlis-e-Amal (MMA) has strongly condemned the statements of the US President Donald Trump and, while terming interference in the internal affairs of Pak

Published 06 Jan, 2018 12:00am

Shahbaz visits residence of martyred army officer

Punjab Chief Minister Shahbaz Sharif on Friday said the nation whose sons are filled with the passion to sacrifice their lives cannot be defeated by any enemy. He said this during his visit to the residence of 21-year old 2nd Lieutenant Abdul Moeed who em

Published 06 Jan, 2018 12:00am

Customs value of several medicines revised

Directorate General Customs Valuation (DGCV) has revised the customs value of medicines under section 25-A of Customs Act 1969. According to details, the customs values of medicines ie Lincomycin Injection, Metronidazole Injection, Gentamycin Injection 80

Published 06 Jan, 2018 12:00am

Shahzeb Khan murder case: court seeks details of pardon offered to accused

A district and sessions court on Friday hearing the Shahzeb Khan murder case sought the details of a pardon offered to the accused by the victim's family. During today's hearing of the case, the four accused - Shahrukh Jatoi, Siraj Talpur, Sajjad Talpur a

Published 06 Jan, 2018 12:00am

APNS awards

The APNS is holding 23rd APNS Awards Ceremony on January 15, 2018 wherein Prime Minister Shahid Khaqan Abbasi has consented to grace the occasion as chief guest and distribute Awards among the winners of journalist and advertising agencies awards. The Pan

Published 06 Jan, 2018 12:00am

SHC dismisses Sharjeel's bail plea

The Sindh High Court (SHC) rejected on Friday former provincial information minister Sharjeel Memon's instant bail petition. Memon was arrested by the National Accountability Bureau (NAB) in October last year in the Rs 5.76 billion corruption case. There

Published 06 Jan, 2018 12:00am

Senator for more proactive foreign policy

Senator Sehar Kamran (TI) has called for a policy of self-reliance in the wake of the recent US sanctions and accusations against Pakistan for not doing enough in the war against terrorism. She said it is high time that a strong diplomatic reply is given

Published 06 Jan, 2018 12:00am

Polio teams asked to ensure 100 percent immunization

Deputy Commissioner, Malakand Salman Khan Lodhi has stressed upon the Polio teams to achieve 100 percent area coverage during the campaign from 15-18 January 2018 in District Malakand adding that no laxity on part of any official would be tolerated in thi

Published 06 Jan, 2018 12:00am

Android app 'trans-muhafiz' launched

A civil society organization on Friday launched android application 'trans-muhafiz' to ensure reporting of incidents pertaining to violence against trans gender community in the country. Speaking at a press conference at Peshawar Press Club Blue Veins pro

Published 06 Jan, 2018 12:00am

Moot on 'advances in drug discovery, development at NARC' held

The Abdul Wali Khan University Mardan (AWKUM) organised the first International Conference on advances in drug discovery and development at the National Agricultural Research Centre (NARC) Islamabad.

Published 06 Jan, 2018 12:00am

PASDEC inks MoU with UET Peshawar

Pakistan Stone Development Company (PASDEC) signed a Memorandum of Understanding (MoU) with the University of Engineering and Technology (UET) Peshawar to promote research and development in marble and granite mining and reverse engineering of mining mach

Published 06 Jan, 2018 12:00am

Concern voice over rise in diabetes cases

Nearly 14 percent of Pakistanis are going to become diabetic in the near future, while over 26 percent of those above 20 already carry the disease, healthcare experts said on Friday.

Published 06 Jan, 2018 12:00am

Jhagra condoles Asghar Khan's death

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra has expressed deep sorrow on the sad demise of Air Marshal Asghar Khan (Retd) and termed his death a big loss to the nation.

Published 06 Jan, 2018 12:00am

Exchange

Pakistan helps boost internationalisation of Yuan: expert

Pakistan's central bank approval for usage of the Chinese yuan as a settlement currency will help to enhance China-Pakistan bilateral trade relationship and speed up the internationalization of the Chinese currency, Liu Zhiqin, a senior fellow at the Chon

Published 06 Jan, 2018 12:00am

Tripartite accord signed

Federal Minister of National Health Services, Regulation and Coordination (NHSRC) Sara Afzal Tarrar and Managing Director of Pakistan Bait-Ul-Mal, Barrister Abid Waheed Sheikh on Friday witnessed a tri-party contract signing ceremony between Ministry of N

Published 06 Jan, 2018 12:00am

Foreigners buy $22.957 million shares in a week

Foreign investors' interest in Pakistan's capital market seems to be reviving as the offshore participants remained net buyers of equities during the first week of new calendar year. According to current data of National Clearing Company of Pakistan Limit

Published 06 Jan, 2018 12:00am

Imran's statements reveal who's pulling his strings: Marriyum

Minister of State for Information Marriyum Aurangzeb said on Friday that Pakistan Tehreek-e-Insaf Chairman Imran Khan's press conference earlier today was upon the directions of an unknown "puppeteers". The state minister said that the media talk revealed

Published 06 Jan, 2018 12:00am

Exchange

HEC highlights its achievements

The Federal Higher Education Commission (HEC) has said that it established new Universities and Campuses, awarded scholarships and research grants, enhanced focus on quality & good governance, and launched convenient online attestation, etc during 2017.

Published 06 Jan, 2018 12:00am

Export volume to touch $23 billion, says Dagha

The Federal Secretary Commerce, Mohammad Younus Dagha said on Friday that the country's total export volume would touch the figure of $23 billion at the end of Fiscal Year 2017-2018. Talking to the media on the sidelines of the 'consultative session with

Published 06 Jan, 2018 12:00am

Huge cache of arms recovered, suspects held: ISPR

The security forces arrested several terrorist suspects, recovered cache of arms and ammunition during separate Intelligence Based Operations (IBOs) in various areas of Balochistan on Friday.

Published 06 Jan, 2018 12:00am

Sialvi to launch movement for Sana's resignation

Spiritual leader Pir Hameeduddin Sialvi announced on Friday to launch movement on January 9 seeking the resignation of Punjab Law Minister, Rana Sanaullah. "All people should gather at Data Darbar in Lahore on January 9 (Tuesday)," he announced addressing

Published 06 Jan, 2018 12:00am

Customs Quetta exceeds tax collection target

The revenue collection in Model Customs Collectorate Quetta during the second quarter (Oct-December 2017-18) surpassed its target by 52 percent. The Collectorate collected 6.5 billion rupees in head of customs duties sales tax, with holding tax and federa

Published 06 Jan, 2018 12:00am

'Peasant community is an asset of government'

Minister Food Punjab Bilal Yaseen has said that satisfaction of peasant community is asset of the government and it is serving all sugarcane cultivators of Punjab without any discrimination. He was talking to sugarcane growers while visiting Hunza Sugar m

Published 06 Jan, 2018 12:00am

45 interns pass out training session

As many as 45 interns have passed out a training workshop of the Punjab Revenue Authority (PRA). These interns were selected from leading institutions including LUMS, FAST, Beacon House University and The City School. The interns were apprised with the wo

Published 06 Jan, 2018 12:00am

Zubaida Aapa laid to rest

The funeral prayers of famed chef and TV personality Zubaida Tariq alias Aapa were offered here on Friday. Her funeral prayers were held at Sultan Masjid in Defence Housing Authority after Friday prayers. Apart from her relatives, a large number of people

Published 06 Jan, 2018 12:00am

PIA CEO condoles Asghar Khan's death

Musharraf Rasool Cyan, President & CEO PIA has expressed his grief at the sad demise of Air Marshal Asghar Khan (retd), who served as President of Pakistan International Airlines from 1965 till 1968. On behalf of the PIA family, he expressed heartfelt con

Published 06 Jan, 2018 12:00am

ATC allows Saleem Shahzad to go abroad

The anti-terrorism court hearing the terrorists' facilitation case allowed on Friday former Muttahida Qaumi Movement (MQM) leader Saleem Shahzad to travel abroad. During the hearing, Shahzad, through his counsel, requested the court to allow him to travel

Published 06 Jan, 2018 12:00am

PTI submits adjournment motion in NA Secretariat against Trump's allegations

Pakistan Tehreek-e-Insaf (PTI) on Friday has submitted an adjournment motion in National Assembly (NA) Secretariat against United States (US) president Donald Trump's allegations. The motion stated that Pakistani government has failed to give befitting re

Published 06 Jan, 2018 12:00am

Aitzaz sees internal conflict among Sharifs

Opposition Leader in Senate Aitzaz Ahsan has said he believed that the vote bank of Pakistan Muslim League-Nawaz (PML-N) actually belonged to ousted Prime Minister Nawaz Sharif and his daughter Maryam Nawaz. "The PML-N vote bank does not belong to Shahbaz

Published 06 Jan, 2018 12:00am

FC official injured in IED attack in Mohmand Agency

An official of the Frontier Corps (FC) was injured in an attack in Mohmand Agency on Friday. An FC vehicle was targeted in an IED explosion in Aingar area of the tribal agency, according to the political administration who further said that the injured pe

Published 06 Jan, 2018 12:00am

Chlorination of potable water ordered

The Chief Secretary Khyber Pakhtunkhwa Muhammad Azam Khan has directed the Provincial Secretaries of Public Health Engineering and Local Govt: and Rural Development Departments for an carrying out an emergency campaign regarding the chlorination of all dr

Published 06 Jan, 2018 12:00am

Suspension of US aid will not deter Pakistan resolve: ISPR

The Director General of Inter Services Public Relations (ISPR) Major General Asif Ghafoor has said that suspension of US assistance will impact bilateral security cooperation and regional peace efforts but will not deter Pak resolve to fight terrorism. Th

Published 06 Jan, 2018 12:00am

Overseas Pakistanis: SC to hear petitions seeking voting rights on January 10

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Friday has formed a three-member bench to hear petitions seeking voting right of the Pakistani diaspora in next General Elections 2018. The petitions have been filed by citizens from different walks of l

Published 06 Jan, 2018 12:00am

CNG stations' supply resumes in twin cities

Supply of gas to the Compressed Natural Gas (CNG) stations of the twin cities has been resumed after a halt for nine days. The district administration of Rawalpindi and Islamabad had issued orders to discontinue the supply of gas to the CNG stations to im

Published 06 Jan, 2018 12:00am

Pakistan in trouble owing to incompetent leaders: Zardari

Former President and Pakistan People's Party (PPP) co-chairman Asif Ali Zardari has said on Friday that Pakistan is in trouble because of incompetent leaders. The former president was addressing a public gathering in Mirpurkhas on the occasion of the birt

Published 06 Jan, 2018 12:00am

Uncertain situation: Ahsan not sure of Senate polls

Interior Minister Ahsan Iqbal said on Friday that the country was passing through a state of uncertainty and no one can predict whether the Senate elections will be held in March or not. He added that Pakistan is facing serious threats on the external fro

Published 06 Jan, 2018 12:00am

South Korean firms evince interest in health projects

Chief Executive Officer of the Punjab Board of Investment and Trade (PBIT), Jhanzaib Burana has said that South Korean companies have shown keen interest to invest in healthcare projects related to education, food and environment. He revealed this while g

Published 06 Jan, 2018 12:00am

Direct subsidy on fertilizer programme launched

The Punjab Information Technology Board (PITB) and the Agriculture Department have jointly launched a direct subsidy on fertilizers programme, replacing the earlier indirect system used to provide subsidy to farmers by cutting down the price of fertilizer

Published 06 Jan, 2018 12:00am

Dewan Motors, BankIslami sign MoU

Dewan Motors Private Limited, the official BMW importer in Pakistan and BankIslami Pakistan Limited, one of the leading Islamic Banks of Pakistan, recently signed a Memorandum of Understanding (MoU) offering Auto Financing facility to their valued custome

Published 06 Jan, 2018 12:00am

Children park opens at KU

Inauguration of Dr Ishtiaq Hussain Qureshi Children Park at University of Karachi, sponsored by Sindh Bank Ltd. UoK Professor Dr Iqbal Azhar expressed great pleasure on the efforts of Sindh Bank to cooperate in such event and hoped that Sindh Bank will co

Published 06 Jan, 2018 12:00am

Government succeeds in overcoming energy crisis to a great extent: Afzal

Minister of State for Finance Rana Muhammad Afzal Khan has stated that the present government has been able to bring the energy crisis to a negligible level during the last four-and-a-half-year, besides initiating projects to meet the future demand as wel

Published 06 Jan, 2018 12:00am

Inquiry ordered against QMC officials

Chairman NAB Justice Javed Iqbal took notice of alleged corruption worth million of rupees in Quetta Metropolitan Corporation. The officials of Quetta Metropolitan Corporation are accused of involved in illegal construction and doling out of government la

Published 06 Jan, 2018 12:00am

OPPO holds fun-filled F5 youth activity at PU

OPPO, the selfie expert and leader, held a campus activity for youth at Lahore's renowned University of Central Punjab. The main objective of the activity was to engage with young students, which is OPPO's primary target market. The activation sought to c

Published 06 Jan, 2018 12:00am

SIDC saves football industry

Small and Medium Enterprise Development Authority (SMEDA) has saved the football industry of Sialkot from losing its share in the international market by setting up Sports Industries Development Centre (SIDC). The SIDC a project of SMEDA was established u

Published 06 Jan, 2018 12:00am

US MIDDAY: gold falls

Gold dipped in choppy trading on Friday as traders cashed in gains from the metal's rally to 3-1/2-month highs this week and as the dollar rose even after weaker-than-expected US payrolls data for December. Spot gold was down 0.2 percent at $1,319.70 an o

Published 06 Jan, 2018 12:00am

Exchange

US MIDDAY: soyabeans surge

US soyabean futures rose to their highest in more than three weeks on Friday, with traders focused on the South American weather outlook amid signs of weak demand for US exports. Wheat futures fell as traders locked in profits with the market set to notch

Published 06 Jan, 2018 12:00am

Gold slips in Europe

Gold fell in choppy trading on Friday as the dollar rose in the wake of US non-farm payrolls data for December, prompting traders to cash in gains from the metal's rally to 3-1/2 month highs this week. Spot gold was down 0.5 percent at $1,316.03 an ounce

Published 06 Jan, 2018 12:00am

Gold dips in Asia

Gold prices dipped on Friday from the previous session's 3-1/2 month high, ahead of US non-farm payroll data, but remained on track for their fourth straight weekly gain. Spot gold was down 0.3 percent at $1,318.40 an ounce at 0655 GMT. US gold futures we

Published 06 Jan, 2018 12:00am

Currency

Gold steadies in New York

Gold steadied around a 3-1/2-month high on Thursday as prospects for further US interest rate increases put the brakes on a recent rally, while palladium touched record highs on tight supplies. Spot gold rose 0.5 percent to $1,319.27 an ounce by 1:45 pm E

Published 06 Jan, 2018 12:00am

Raw sugar eases

Raw sugar and arabica coffee futures fell on Friday with a firmer dollar and a retreat in crude oil helping to halt recent run-ups, while cocoa prices also weakened. March raw sugar was off 0.11 cent or 0.7 percent at 15.14 cents a lb at 1534 GMT. The fro

Published 06 Jan, 2018 12:00am

Vegetable Oil

Palm oil climbs

Malaysian palm oil futures climbed over 1 percent on Friday before paring gains at the close of trade, buoyed by expectations of strong exports and falling production. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Ex

Published 06 Jan, 2018 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:

Published 06 Jan, 2018 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:

Published 06 Jan, 2018 12:00am

Exchange

Rubber dips

Benchmark Tokyo rubber futures dipped to a two-week low on Friday, ending the first week of the new year with a nearly 1 percent decline, as investors took profits ahead of a long weekend in Japan. Japanese markets will be closed on Monday for a national

Published 06 Jan, 2018 12:00am

Oil retreats on US output rise after hitting near two-year high

Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring US production undermined a 10 percent rally from December lows that was driven by tightening supply and political tensions in Opec member Iran. Rising US output and weaker refine

Published 06 Jan, 2018 12:00am

Exchange

Zinc prices hit highest in over a decade, copper down

Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays looming. Zinc stocks held in London Metal Exchange wa

Published 06 Jan, 2018 12:00am

Exchange

Shanghai zinc prices up

The most-traded zinc contract on the Shanghai Futures Exchange closed up 1 percent at 26,080 yuan ($4,019.73) a tonne on Friday. It earlier marked its strongest since November 1 at 26,140 yuan a tonne. Zinc stocks held in London Metal Exchange warehouses

Published 06 Jan, 2018 12:00am

Cotton

Cotton jumps 1.5 percent on technicals, softer dollar

ICE cotton futures gained 1.5 percent on Thursday, boosted by technical buying and a weaker dollar, as prices of the natural fiber crop held close to a 3-1/2 year high. The most active ICE cotton contract for March expiry settled up 1.14 cents, or 1.46 pe

Published 06 Jan, 2018 12:00am

Macron says 'no chance for progress' in Turkey's EU membership

French President Emmanuel Macron suggested Friday that Turkey should renounce its ambition of joining the EU and settle instead for a looser "partnership" after talks with visiting Turkish leader Recep Tayyip Erdogan. Turkey was hoping to warm frosty rela

Published 06 Jan, 2018 12:00am

Four Venezuelan generals placed on US sanctions blacklist

The US Treasury placed four serving or retired Venezuelan generals on its sanctions blacklist, raising pressure on the embattled government of President Nicolas Maduro. The Treasury alleged that the four were either involved in repressing protesters or ti

Published 06 Jan, 2018 12:00am

After snow, temperatures plunge even lower in northeast US

After heavy snows wrought travel chaos in the northeastern United States, the region was facing a weekend of even colder temperatures on Friday. Flights from New York and Boston were resuming Friday, although 20 percent were again cancelled at John F. Ken

Published 06 Jan, 2018 12:00am

Israel grants bail to Palestinian woman in 'slap video' case

Israel on Friday released a Palestinian woman on bail after she was charged with assaulting an Israeli soldier in the occupied West Bank following a viral video of the incident. Nour Tamimi, 20, was released early on Friday from a military prison after a

Published 06 Jan, 2018 12:00am

Exchange

North Korea agrees to talks with South

North Korea agreed on Friday to hold official talks with the South next week, the first in more than two years, hours after the United States and South Korea delayed a military exercise amid a standoff over the North's nuclear and missile programmes. Sout

Published 06 Jan, 2018 12:00am

Moldova court suspends pro-Russia president again

Moldova's Constitutional Court on Friday suspended pro-Moscow President Igor Dodon for the second time this week for vetoing new media laws expected to crack down on Russian broadcasts. Dodon has refused to sign the legislation, dubbed the "laws on Russia

Published 06 Jan, 2018 12:00am

South African tourist killed in Egypt balloon crash

A South African tourist was killed and 12 other people were injured when a hot air balloon crashed near Egypt's ancient city of Luxor on Friday, a health ministry official said. Sharif Wadie, the assistant health minister in charge of emergency services,

Published 06 Jan, 2018 12:00am

Currency

Aussie, kiwi up

The Australian and New Zealand dollars held near multi-week highs on Friday as optimism on global growth supported risk appetites and commodity prices.The Aussie dollar was parked at $0.7848, having touched an 11-week peak of $0.7870. Traders still report

Published 06 Jan, 2018 12:00am

Currency

Sterling trades sideways

Sterling steadied against the dollar on Friday, ending the week at much the same levels it started at, with traders keen to see new developments on Brexit negotiations before taking new positions on the British currency. Economic data released over the we

Published 06 Jan, 2018 12:00am

Currency

Yuan gains for fourth week

The Chinese currency, the yuan, was firmer against the US dollar on Friday, capping its fourth consecutive week of gains, aided by China's solid economic data and tighter liquidity as well as expectations of more foreign capital inflows.

Published 06 Jan, 2018 12:00am

Exchange

As energy markets evolve, blockchain powers up

Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or so. But now companies are moving beyond trials to commercial projects, leveraging the distributed ledger technology for paymen

Published 06 Jan, 2018 12:00am

US job growth cools as labour market nears full employment; wages up

US job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labour market strength that could pave the way for the Federal Reserve to increase interest rates in March. Nonfarm pay

Published 06 Jan, 2018 12:00am

Lithuanian doctors rally for pay rise to halt exodus

A thousand young Lithuanian doctors rallied in Vilnius on Thursday demanding faster wage growth that would stop their exodus from the Baltic eurozone state to richer western European nations. "We lack a clear vision for a salary rise and medics are leavin

Published 06 Jan, 2018 12:00am

Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion

Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday. Kalanic

Published 06 Jan, 2018 12:00am

North American truck orders jump 77 percent in December

North American orders for Class 8 semi-trucks jumped 77 percent in December compared with the same period in 2016, for a 77 percent full-year surge in truck sales in 2017, FTR, a company that tracks the industry, said on Friday. A strong road freight mark

Published 06 Jan, 2018 12:00am

France seeks Sri Lanka's support for Expo 2025 bid

The head of France's bid to host the 2025 World Expo held talks with Sri Lankan leaders Friday in a bid to secure their support. Pascal Lamy told reporters in the capital Colombo that France expects to spend 3.5 billion euro ($4.22 billion) on hosting the

Published 06 Jan, 2018 12:00am

China revises 2016 GDP slightly lower, keeps 6.7 percent growth unchanged

China slightly trimmed its final 2016 gross domestic product figure after scaling back an initial estimate of the services sector, but kept the annual GDP growth rate unchanged at 6.7 percent, the statistics bureau said on Friday. The National Bureau of S

Published 06 Jan, 2018 12:00am

Currency

China aims to get more cross-border transactions done in yuan

China will encourage companies to increase their use of yuan for settling cross-border trade deals and support foreigners' use of the currency for direct investments in the country, the central bank said on Friday. Beijing has been promoting the internati

Published 06 Jan, 2018 12:00am

Queues at Sudan bakeries as bread prices soar

Angry Sudanese queued outside bakeries in Khartoum on Friday as bread prices doubled overnight, with bakers blaming a government decision to stop importing wheat. Customers had to wait nearly an hour to buy a loaf, while several bakery operators said pric

Published 06 Jan, 2018 12:00am

UK productivity growth hits six-year high after weakest decade since 1820s

Britain's economic productivity perked up in the three months to the end of September, growing at its fastest rate in more than six years, in contrast to its historically weak performance over the previous decade. Productivity in Britain has stagnated sin

Published 06 Jan, 2018 12:00am

US tax law pushes Deutsche into loss for 2017

Germany's biggest lender Deutsche Bank said Friday it would report "a small full-year after-tax loss" for 2017, largely owing to changes in the US tax system passed late last year. "As a result of the recent enactment of the Tax Cuts and Jobs Act, Deutsch

Published 06 Jan, 2018 12:00am

Renault-Nissan sets up $200 millions fund to tap startups

The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms. The fu

Published 06 Jan, 2018 12:00am

US FOB Gulf corn premiums at 11-month high

Corn premiums climbed to an 11-month high for shipments out of the US Gulf Coast on Wednesday, lifted by freezing Midwest rivers that prevented some barge shipments from reaching port, traders said. Bitter-cold temperatures that have gripped much of the c

Published 06 Jan, 2018 12:00am

Cotton

Rates firm as ECC approves withdrawal of ST, customs duty on import of cotton

Rates stabilise on the cotton market on Friday as the Economic Coordination Committee (ECC) approved a proposal for withdrawal of sales tax and customs duty on imported cotton, dealers said. The official spot rate was unchanged at Rs 7800, they said. In r

Published 06 Jan, 2018 12:00am

Activities at Karachi & Qasim Ports

The Karachi Port handled 167,735 tonnes of cargo comprising 118,331 tonnes of import cargo and 49,404 tonnes of export cargo including 9,500 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 118

Published 06 Jan, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 12	252.63
Diesel/Litre / May 12	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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