News Archives for Print - 2018-02-01

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (January 31, 2018).

Published 01 Feb, 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 Wednesday (January 31, 2018).

Published 01 Feb, 2018 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (January 31, 2018).

Published 01 Feb, 2018 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (January 31, 2018).

Published 01 Feb, 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 Wednesday (January 31, 2018).

Published 01 Feb, 2018 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (January 31, 2018).

Published 01 Feb, 2018 12:00am

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (January 31, 2018).

Published 01 Feb, 2018 12:00am

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 01 Feb, 2018 12:00am

Exchange

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 01 Feb, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 01 Feb, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 01 Feb, 2018 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 01 Feb, 2018 12:00am

Inland Revenue Enforcement Network committed to curbing tax evasion in tobacco sector

At the end of the year 2016, the market share of legitimate and illegal cigarette trade in Pakistan stood at 60% and 40% respectively in Pakistan. This menace was causing a loss of an estimated Rs 40 billion annually to the national exchequer. Taking stri

Published 01 Feb, 2018 12:00am

Message from Central Coordinator, IREN

Inland Revenue Enforcement Network is FBR's befitting response to the threat posed by the ever expanding illicit cigarette and tobacco trade in Pakistan. 31st January, 2017 would always be remembered as the watershed in the history of FBR because then onw

Published 01 Feb, 2018 12:00am

Message from Member IR Operations, FBR

Like all other developing countries, illicit trade of tobacco in Pakistan causes huge losses to the national exchequer every year. The field formations of Federal Board of Revenue put their utmost efforts to curb the menace of production and trading of no

Published 01 Feb, 2018 12:00am

Message from Chairman FBR

One of the most important and critical role of the FBR is to carry out the effective enforcement of tax laws in the country. The setting up of the Inland Revenue Enforcement Network (IREN) was a step in the same direction. This illegal trade of cigarettes

Published 01 Feb, 2018 12:00am

Message from Special Assistant to Prime Minister on Revenue

It goes without saying that taxes are the backbone of the economy. The incumbent government and FBR have worked hard to broaden the tax base and achieved positive results in this regard. A major issue hampering revenue collection and incurring loss to the

Published 01 Feb, 2018 12:00am

Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,355. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6,361 billion and the number of lots traded was 8,981.

Published 01 Feb, 2018 12:00am

CBOT soyabean futures rise

Chicago Board of Trade soyabean futures rose on Tuesday as persistently dry weather in key production areas of Argentina fueled concerns about the crop in the world's No. 3 soyabean exporter and top supplier of soyameal and soyaoil. Benchmark CBOT March s

Published 01 Feb, 2018 12:00am

China to cut 2018 rice acreage by 2.2 percent on bulging stocks

China will curb planting of rice, its most important food grain, the agriculture ministry said on Tuesday, in a major step towards reducing a growing mountain of unsold stocks. The world's second-largest rice grower will aim to slash the acreage planted b

Published 01 Feb, 2018 12:00am

Currency

Argentine drought hurts corn yields, more area cuts possible

Argentina's corn crop will suffer yield losses due to drought this year and the estimated planting area may drop further because dry weather in the northern part of the country has blocked late-season planting, a top Agriculture Ministry official said. Re

Published 01 Feb, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 167,122 tonnes of cargo comprising 96,859 tonnes of import cargo and 70,263 tonnes of export cargo including 8,650 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9

Published 01 Feb, 2018 12:00am

Cotton

Prices continue to fall on cotton market

In line with the global track, the rates of cotton extended slide on the local market on Wednesday in the process of slow trading, dealers said. The official spot rate dropped further by Rs 100 to Rs 7,300, they added. In ready session, over 7000 bales of

Published 01 Feb, 2018 12:00am

Exchange

EU wheat futures gain to 2-1/2 week high

European wheat futures in Paris extended gains on Tuesday to a new 2-1/2 week high, supported by fresh multi-month highs for Chicago wheat as concerns over drought in US growing belts fuelled short-covering. However, Euronext faced chart resistance while

Published 01 Feb, 2018 12:00am

Mexico's economy rebounds in fourth quarter as elections loom

Mexico's economy bounced back more than expected in the fourth quarter, according to preliminary data, but signs of slowing growth could feed discontent ahead of the presidential election in July. Gross domestic product in Latin America's second-biggest e

Published 01 Feb, 2018 12:00am

BMW takes full control of car-sharing platform DriveNow

German high-end carmaker BMW said Monday it had bought partner Sixt's share in car-sharing platform DriveNow, stoking speculation a merger with a competing service from Daimler may lie ahead. The Munich-based group will pay Sixt some 209 million euros ($2

Published 01 Feb, 2018 12:00am

Spain economy grows in 2017 despite Catalan crisis

The Spanish economy grew by over three percent in 2017 for the third year in a row, official data showed Tuesday, as a record year for tourism and booming exports contained the impact of the political crisis sparked by Catalonia's independence push. Spain

Published 01 Feb, 2018 12:00am

Exchange

Asia rebound sends Swatch profits ticking higher

Swatch has handily outrun the global watch crisis, it said Tuesday, with revived sales in Asia pushing 2017 profits more than 27 percent higher from the previous year. The world's largest watchmaker saw its net profit swell to 755 million Swiss francs ($8

Published 01 Feb, 2018 12:00am

Taiwan fourth quarter growth tops forecasts, but tech exports outlook unclear

Taiwan reported its fastest quarterly growth in nearly three years in October-December, but the new year starts with questions about whether the strong tech exports that fuelled 2017 expansion can be sustained. The island's fortunes brightened last year d

Published 01 Feb, 2018 12:00am

Poland's 2017 GDP growth of 4.6 percent fastest since 2011

Poland's economy expanded 4.6 percent in 2017, its fastest pace since 2011, preliminary data showed on Tuesday, driven by domestic demand and higher economic activity in the region and the European Union, its main trade partners. The rate of gross domesti

Published 01 Feb, 2018 12:00am

Indonesia says it attracted more foreign direct investment in 2017

Indonesia last year received 8.5 percent more foreign direct investment (FDI) in rupiah terms than it attracted in 2016, investment board data showed on Tuesday. For all of 2017, FDI in sectors excluding banking and oil and gas was 430.5 trillion rupiah,

Published 01 Feb, 2018 12:00am

Lockheed Martin revenue beats, outlook strong for 2018

Lockheed Martin Corp reported quarterly revenue on Monday that beat Wall Street estimates, helped by higher F-35 fighter jet sales, and forecast better-than-expected 2018 profit. Lockheed said quarterly sales in its aeronautics business, its biggest, rose

Published 01 Feb, 2018 12:00am

Dollar down in Asia

The dollar inched lower against a basket of major rivals on Wednesday, showing scant reaction to US President Donald Trump's State of the Union address. Trump called on the US Congress to pass legislation to ensure at least $1.5 trillion in new infrastruc

Published 01 Feb, 2018 12:00am

Currency

Euro consolidates gains in Europe

The euro climbed half a percent on Wednesday and was on track for its biggest monthly rise in nearly two years as firm euro zone inflation data for January kept expectations alive for a swift withdrawal of the central bank's stimulus policies. Though the

Published 01 Feb, 2018 12:00am

Early trade in New York: dollar falls ahead of Fed announcement

The US dollar was lower on Wednesday ahead of a Federal Reserve policy announcement that was widely expected to leave interest rates unchanged but nod to the strengthening economy, while the euro rose on firm underlying euro zone inflation data. Against a

Published 01 Feb, 2018 12:00am

Exchange

Dollar reverses gains in New York

The dollar fell on Tuesday, reversing its gains from the day before, ahead of a Federal Reserve monetary policy decision on Wednesday, while the euro and the Japanese yen strengthened against the greenback. After six straight weekly declines, the dollar i

Published 01 Feb, 2018 12:00am

Currency

Yuan leaps

China's yuan ended the domestic session at a nearly 2-1/2-year high against the dollar on Wednesday, and is poised for the biggest monthly gain in nearly a quarter of a century. The spot market opened at 6.3287 per dollar, surged to a high of 6.2850 at on

Published 01 Feb, 2018 12:00am

Asian currencies tick up

Asian currencies posted modest gains on Wednesday as caution ahead of the Federal Reserve decision due later capped strength in regional units against the dollar after US President Donald Trump's State of the Union address. Regional currencies are set to

Published 01 Feb, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 82.90-82.90 (Previous 82.90-82.90).

Published 01 Feb, 2018 12:00am

Currency

Sterling rises against dollar

Sterling rose against the dollar on Wednesday as the sell-off in the US currency resumed, putting the pound on track for its best monthly performance since May 2009, thanks to dollar weakness and better prospects for a Brexit deal. Broad dollar weakness a

Published 01 Feb, 2018 12:00am

Aussie stumbles

The Australian dollar stumbled on Wednesday as a tame reading on domestic inflation led investors to push out the likely timing of a hike in interest rates, with a move not fully priced in until early next year. The Aussie slipped 0.28 percent to $0.8062

Published 01 Feb, 2018 12:00am

Exchange

Indian shares fall

Indian shares fell for a second consecutive session on Wednesday, as investors stayed cautious a day before the government unveils its annual budget, but indexes still posted their best month since October amid signs of recovering earnings. The broader NS

Published 01 Feb, 2018 12:00am

Tokyo stocks lower

Tokyo's benchmark Nikkei index extended its losing streak for the sixth straight day on Wednesday after a sell-off on Wall Street, with investors apparently unfazed over US President Donald Trump's State of Union address. The Nikkei 225 index lost 0.83 pe

Published 01 Feb, 2018 12:00am

Wednesday's early afternoon trade: Boeing ends Wall Street's slide, Fed caution limits gains

A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but US stocks pared gains in early afternoon trading as investors awaited the Federal Reserve's comments to gauge the future path of monetary policy. The Fed is expected to leave inter

Published 01 Feb, 2018 12:00am

Exchange

Wall Street stumbles as bond yields rise, health stocks fall

US stocks fell for a second straight day on Tuesday, with the Dow registering its biggest two-day drop since September 2016, pressured by healthcare stocks and rising bond yields. The Dow also had its biggest daily percentage decline since May 2017 and th

Published 01 Feb, 2018 12:00am

Hong Kong stocks have best month since April 2015

Hong Kong stocks reversed earlier losses to end higher on Wednesday, posting its best month in nearly three years, helped by gains for financial and services firms. At close of trade, the Hang Seng index was up 279.98 points or 0.86 percent at 32,887.27.

Published 01 Feb, 2018 12:00am

Treasury long-dated yields advance

US Treasury long-dated yields rose on Tuesday ahead of a slew of events this week such as a Federal Reserve monetary policy decision which could help shed more light on the outlook for interest rates this year. Benchmark US 10-year yields, which move inve

Published 01 Feb, 2018 12:00am

Treasury long-dated yields advance

Published 01 Feb, 2018 12:00am

Cement shares lift Saudi index, other big Gulf markets fall

Cement shares lifted Saudi Arabia's stock index on Wednesday while other big bourses in the region were weak, with real estate shares pulling down Dubai. The Saudi index rose 0.3 percent as 13 of the 14 cement stocks climbed in unusually heavy trade. Jouf

Published 01 Feb, 2018 12:00am

Exchange

China's blue chips recover

China stocks ended mixed on Wednesday, with the blue-chip index recouping earlier losses to close higher, aided by a bounce in real estate and consumer firms. Chinese fund managers boosted their suggested equity exposure for the next three months as finan

Published 01 Feb, 2018 12:00am

European shares slip at end of strong month

European shares fell on Wednesday as investors locked in profits at the end of a strong month while results from some of the region's biggest names also weighed. The STOXX 600 index fell 0.2 percent on the day, ending at its lowest in more than three week

Published 01 Feb, 2018 12:00am

Southeast Asian markets: Thailand posts best month in 1-1/2 years

Philippine shares extended losses to a second session on Wednesday, pulling further away from an all-time high hit earlier this week, while Thailand ended steady, marking its best month in 1-1/2 years. Asian stocks steadied after sliding on rising global

Published 01 Feb, 2018 12:00am

FTSE suffers monthly loss as outsourcers feel Capita's pain

The FTSE 100 fell on Wednesday as shares in outsourcer Capita tanked after a profit warning, further weighing on the monthly performance of the UK's blue-chip index. The index ended January down 2.1 percent after falling 0.7 percent on the day to 7,533.55

Published 01 Feb, 2018 12:00am

Fujifilm to cut 10,000 jobs

Japanese technology firm Fujifilm on Wednesday announced 10,000 job cuts by March 2020 at its Fuji Xerox subsidiary, which it said was facing an "increasingly severe" market environment. In a major shake-up, Fujifilm also announced it would be combining F

Published 01 Feb, 2018 12:00am

Boeing reports jump in earnings, upbeat on 2018

Boeing reported a jump in fourth-quarter earnings on Wednesday thanks to higher commercial plane deliveries and a boost from US tax reform as it projected more strong results in 2018. Shares of the US aerospace giant powered higher after it reported net p

Published 01 Feb, 2018 12:00am

Hong Kong bans ivory sales in landmark vote

Hong Kong voted to ban ivory sales in a landmark move Wednesday to end the infamous trade in the city. Lawmakers overwhelmingly voted for the bill that will abolish the trade by 2021, following on the heels of China's complete ban on ivory sales that went

Published 01 Feb, 2018 12:00am

Samsung Electronics reports record Q4 and full year profits

Samsung Electronics reported a 73 percent jump in its fourth quarter net profit on Wednesday, setting a record for any three-month period, mainly driven by demand for its memory chips and display panels. Net profit for the October to December period hit 1

Published 01 Feb, 2018 12:00am

Samsung Electronics reports record Q4 and full year profits

Published 01 Feb, 2018 12:00am

UK banks secure cuts in cash machine network costs

LINK, Britain's main cash machine network, announced cuts in the fees it charges card issuers, backed by measures aimed at making it more attractive to install free-to-use machines in less populated and poorer parts of the country. LINK, which banks such

Published 01 Feb, 2018 12:00am

Zimbabwe offers longer leases to white farmers

Zimbabwe has announced that white farmers still in business after controversial land reforms will be able to obtain 99-year leases, signalling a new government approach to the key agricultural sector. President Emmerson Mnangagwa, who replaced the ousted

Published 01 Feb, 2018 12:00am

Xi calls for development of a modern economy

Chinese President Xi Jinping called for the development of a modern economy with a push to expand the real economy, the official Xinhua News Agency reported on Wednesday. It quoted Xi as telling a politburo meeting that China will deepen its supply-side s

Published 01 Feb, 2018 12:00am

Exchange

China factory expansion slows again in January

China's manufacturing expansion slowed for the second consecutive month in January as slack demand hit the economy amid efforts to control pollution and reduce overcapacity, official data showed Wednesday. The manufacturing purchasing manager's index (PMI

Published 01 Feb, 2018 12:00am

Currency

Eurozone unemployment holds at nine-year low

Europe's economic recovery remains on track, with eurozone unemployment staying at its lowest level since January 2009, but inflation remains stubbornly low, official figures showed Wednesday. The EU's official statistics agency announced that the jobless

Published 01 Feb, 2018 12:00am

US private payrolls rise strongly; wage growth picking up

US private sector payrolls rose at a brisk pace in January as hiring increased across the board despite unseasonably cold weather, pointing to sustained labour market strength at the start of the year. The robust jobs market is gradually putting upward pr

Published 01 Feb, 2018 12:00am

Swansea stun Arsenal, Liverpool cruise

Petr Cech's howler rocked Arsenal as they crashed to a shock 3-1 defeat at Swansea, while Liverpool cruised to victory over Huddersfield on Tuesday. Arsenal goalkeeper Cech's miscued attempt to clear allowed Jordan Ayew to slot home Swansea's second goal

Published 01 Feb, 2018 12:00am

Formula One abolishes 'grid girls'

Formula One has ended the practice of using scantily clad "grid girls" before races, the sport's organisers Liberty Media said on Wednesday. They said the practice of having the women milling about in the grid area before races was "clearly at odds with m

Published 01 Feb, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Karachi Cotton PKR/37.32 KG / Nov 15	18,085
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Petrol/Litre / Nov 16	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 16 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 16 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 16 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 16 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 16 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 16 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 16 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 16 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 16 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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