News Archives for Print - 2018-02-17

Print - 2018-02-17

Coca-Cola reports 4Q loss

Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales.

Published 17 Feb, 2018 12:00am

Coca-Cola reports 4Q loss

Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales.

Published 17 Feb, 2018 12:00am

US homebuilding soars in January; import prices jump

US homebuilding rose to more than a one-year high in January, boosted by strong increases in the construction of both single- and multi-family housing units, and further gains are likely with building permits surging to their highest level since 2007.

Published 17 Feb, 2018 12:00am

Exchange

Foreigners' net selling of Japan stocks hits highest since August 2015

Net selling of Japanese stocks by foreign investors last week hit the highest since China's stock market crash in 2015, as a sharp sell-off on Wall Street triggered a global flight from riskier assets, exchange data showed.

Published 17 Feb, 2018 12:00am

Tokyo stocks up as volatility fears ease

Tokyo stocks closed higher on Friday, extending gains from Wall Street as investors regained confidence and set aside inflation fears that stoked volatility earlier in the month. The benchmark Nikkei 225 index gained 1.19 percent, or 255.27 points, to 21,

Published 17 Feb, 2018 12:00am

Friday's early trade: stocks on course for sixth day of gains

US stocks rose on Friday, led by gains in technology and healthcare stocks, putting the main indexes on course for strong weekly gains as they bounced back from a brutal selloff earlier this month. The indexes have closed higher for the last five days all

Published 17 Feb, 2018 12:00am

Exchange

Wall Street rallies for fifth straight session on tech lift

Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries that sent the market into a sell-off at the start of the month.

Published 17 Feb, 2018 12:00am

Sri Lankan stocks edge up on foreign buying

Sri Lankan shares hit a one-week closing high on Friday as foreign investor purchases helped overcome negative market sentiment due to political uncertainty, dealers said. The Colombo stock index ended 0.16 percent firmer at 6,563.69, its highest close si

Published 17 Feb, 2018 12:00am

Treasury yields drift lower, but uptrend seen intact

US Treasury yields slipped on Thursday after sizable gains in recent sessions, as investors took a breather from selling bonds and readjusted positions to prepare for more inflation-related volatility, a scenario that could take yields even higher.

Published 17 Feb, 2018 12:00am

Treasury yields drift lower, but uptrend seen intact

Published 17 Feb, 2018 12:00am

German 10-year bond yield drops to one-week low, inflation jitters linger

Euro area borrowing costs fell on Friday, with Germany's 10-year yield dropping to a one-week low, though expectations for higher inflation and steps towards tighter monetary policy from major central banks weighed on sentiment across world bond markets.

Published 17 Feb, 2018 12:00am

German 10-year bond yield drops to one-week low, inflation jitters linger

Published 17 Feb, 2018 12:00am

Exchange

Indian shares fall

Indian shares ended lower on Friday, as financial stocks fell with Punjab National Bank down for a third straight session after it said earlier this week that it had been hit by a $1.77 billion fraud. The benchmark BSE index closed down 0.84 percent at 34

Published 17 Feb, 2018 12:00am

Strong earnings help European shares recover from sell-off

European shares gained on Friday, snapping a three-week losing streak as earnings updates continued to impress and volatility and jitters over rising inflation eased. Solid reports from large-cap companies including Renault and EDF lifted the STOXX 600 in

Published 17 Feb, 2018 12:00am

Exchange

Canada's main index up

Canada's main stock index rose on Thursday as gains in the financial sector and shares of TransCanada Corp offset a decline in natural resource companies. The Toronto Stock Exchange's S&P/TSX composite index ended up 79.39 points, or 0.52 percent, at 15,4

Published 17 Feb, 2018 12:00am

Australian shares slip; New Zealand up

Australian shares finished slightly lower on Friday, weighed down by mining and casino stocks as underwhelming earnings forced a sell-off that offset gains in healthcare shares. The S&P/ASX 200 index fell 0.1 percent or 5 points to 5,904. The benchmark ro

Published 17 Feb, 2018 12:00am

FTSE gets back on its feet after four-week losing streak

The UK's top share index closed higher on Friday and ended its first positive week since the middle of January. The blue-chip FTSE 100 index closed up 0.83 percent at 7,294.95 points, its highest level in one week. Mid caps rose 0.7 percent. Shares in fin

Published 17 Feb, 2018 12:00am

US Bank to pay $613 million over money laundering violations

American lender US Bancorp has agreed to pay $613 million to US authorities for violations of money laundering controls, including an attempted cover-up, federal prosecutors announced Thursday. The parent company of US Bank, the fifth-largest lender in th

Published 17 Feb, 2018 12:00am

Swedish companies decry deportations of skilled workers

The heads of Sweden's largest companies, including clothing giant H&M and telecoms maker Ericsson, denounced Friday deportations of highly-skilled workers as the nation's technology sector suffers a shortage of staff.

Published 17 Feb, 2018 12:00am

French swank watch sales tick up as Chinese tourists return

Luxury watch sales in France surged last year as deep-pocketed tourists, notably Chinese, returned after terrorism fears waned, an industry body said Thursday. Sales of watches worth more than 5,000 euros ($6,200) each saw an increase of eight percent in

Published 17 Feb, 2018 12:00am

Russia's Kalashnikov becomes majority private-owned

Private investors have for the first time gained a majority share of Russia's Kalashnikov arms manufacturer, producer of the famed AK-47 assault rifle, the company said Thursday. Russia's state-run holding company Rostec said in a statement it had reduced

Published 17 Feb, 2018 12:00am

Long slide in Greek property prices bottoming as recovery sets in

A protracted downturn in Greece's residential property market slowed markedly in the final quarter of 2017, central bank data showed on Thursday, with prices beginning to respond to a recovering economy. Property accounts for a large chunk of household we

Published 17 Feb, 2018 12:00am

Steel restructuring lifts ThyssenKrupp profits

German industrial conglomerate ThyssenKrupp confirmed its forecasts for the full year Wednesday, saying a new strategy for its long-struggling steel business was paying off. The group reported net profits of 78 million euros ($96 million) between October

Published 17 Feb, 2018 12:00am

Australian central bank says doesn't see case for near-term rate rise

The Reserve Bank of Australia (RBA) expects to make only gradual progress in reducing unemployment and having inflation return to its 2-3 percent target band, signalling interest rates will stay at record lows for a while yet. The RBA has held rates at 1.

Published 17 Feb, 2018 12:00am

Currency

Dollar slips broadly in Asia

The dollar slipped to a three-year low against a basket of currencies on Friday, headed for its biggest weekly loss in two years, as bearish factors offset support the US currency could take from rising Treasury yields. Extending overnight losses, the dol

Published 17 Feb, 2018 12:00am

Currency

Dollar limps up from three-year low in Europe

The dollar limped up from a three-year low against a basket of currencies on Friday and was headed for its biggest weekly loss in nine months, as negative sentiment offset any support the greenback could take from higher Treasury yields.

Published 17 Feb, 2018 12:00am

Currency

Early trade in New York: dollar ticks up but heads for worst week in nine months

The dollar limped up from a three-year low against a basket of currencies on Friday but remained on track to record its biggest weekly loss in nine months, as negative sentiment offset any support the greenback could take from higher Treasury yields.

Published 17 Feb, 2018 12:00am

Exchange

Dollar falls across the board in New York

The dollar fell across the board on Thursday, hitting a fresh 15-month low against the yen late in the session, as negative sentiment about the US currency outweighed a rise in 10-year Treasury yields to their highest levels in four years.

Published 17 Feb, 2018 12:00am

Currency

Most Asian markets closed

Most Asian currency, stocks and commodity markets including China were closed on Friday for Lunar New Year. Reuters will resume coverage of emerging Asian currency markets from Monday, February 19.

Published 17 Feb, 2018 12:00am

Currency

Sri Lankan rupee falls

The Sri Lankan rupee edged down on Friday on importer dollar demand, with political uncertainty also weighing on sentiment, dealers said. The rupee ended at 155.10/20 per dollar compared with Thursday's close of 154.90/155.00. "There was a little bit of i

Published 17 Feb, 2018 12:00am

Exchange

Bitcoin rises above $10,000, strategist sees new high by July

Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.

Published 17 Feb, 2018 12:00am

Currency

Sterling rises against euro as May meets Merkel

The pound fell on Friday against a stronger dollar but rose versus the euro, with traders watching for any positive signs from a visit to Berlin by Prime Minister Theresa May. May is visiting German leader Angela Merkel, hoping to make progress on overcom

Published 17 Feb, 2018 12:00am

Aussie, kiwi near two-week high

The Australian and New Zealand dollars hovered near two-week highs on Friday, bolstered by stronger commodity prices and a positive outlook for global growth, and as the greenback continued its downward spiral. The Australian dollar held at $0.7939, withi

Published 17 Feb, 2018 12:00am

China fund takes control of Spanish football TV rights giant

Chinese investment fund Orient Hontai Capital has taken control of Mediapro, best known for owning television rights to the Spanish and Italian football leagues, the Spanish media group said Friday. The fund bought a 53.5 percent stake in Imagina, a holdi

Published 17 Feb, 2018 12:00am

Tongan keeps clothes on, comes 114th in Olympic ski

Tongan hunk Pita Taufatofua, famous for peeling off and baring his chest at the Olympics, hoped he wouldn't ski into a tree in his Winter Games debut. He also wanted to finish before it got dark in Friday's 15-kilometre freestyle cross-country skiing in P

Published 17 Feb, 2018 12:00am

Hanyu dazzles, Shiffrin flops on day of Olympic underdog

Japan's defending champion Yuzuru Hanyu produced a stunning short programme to lead the men's figure skating as Mikaela Shiffrin's bid to retain her slalom title started with her vomiting and ended in heartbreak at the Pyeongchang Olympics on Friday.

Published 17 Feb, 2018 12:00am

IOC apologises as British member sent home

The IOC apologised and said it expected better of its members after former Winter Olympian Adam Pengilly was sent home for "poor behaviour" following an altercation with a security officer at the Pyeongchang Games. The 40-year-old former skeleton racer fr

Published 17 Feb, 2018 12:00am

South Korean 'Iron Man' wins historic Olympic skeleton gold

South Korea's Yun Sung-bin made history on Friday as he became Asia's first Olympic skeleton champion after dominating the daredevil event at the Pyeongchang Games. Roared on by the home crowd at the start of the lunar new year, the 23-year-old pulverised

Published 17 Feb, 2018 12:00am

Ex-Watford chairman charged in money laundering case

The ex-chairman of English Premier League club Watford has been charged and called to appear in court in Spain in relation to tax fraud involving second-tier club Granada, the court handling the case said Friday. The Italian Raffaele Riva is suspected of

Published 17 Feb, 2018 12:00am

Largest-ever sponsored PPL Balochistan Football Cup kicks off

After two successful football tournaments in Balochistan, Pakistan Petroleum Limited (PPL) brings forth the country's largest-ever sponsored football tournament, PPL Balochistan Football Cup 2018 (PBFC 2018) starting February 17 with qualifying round matc

Published 17 Feb, 2018 12:00am

Arsenal ease to victory, Batshuayi grabs Dortmund comeback win

Mesut Ozil scored as Arsenal eased to a 3-0 victory at Swedish minnows Ostersunds in the first leg of their Europa League, last-32 tie on Thursday, while Michy Batshuayi snatched Borussia Dortmund a dramatic win over Atalanta. Left-back Nacho Monreal put

Published 17 Feb, 2018 12:00am

Countinho and Van Dijk transfers push January window to record

Liverpool's record sale of Philippe Coutinho to Barcelona and acquisition of Virgil Van Dijk from Southampton pushed January transfer window spending to new hights, a FIFA report published on Friday revealed. La Liga giants Barca led the way with the 160

Published 17 Feb, 2018 12:00am

Sports school to commence

Punjab Sports Department will establish sports school in collaboration with the schools education department at Qadhafi Stadium. This was decided in a meeting held at held on Friday at children's library complex with Provincial Minister for schools educat

Published 17 Feb, 2018 12:00am

Army Whites win Spring Polo Cup

Army Whites Friday outpaced Diamond Paints Black 7-2 to qualify for the main final of the Spring Polo Cup 2018, here at the Lahore Polo Club ground on Friday. Brigadier Zulfiqar Ali Baig was the man in form who played quality polo and hammered a hat-trick

Published 17 Feb, 2018 12:00am

Australia set record run chase to beat Black Caps

Australia completed the highest run chase in Twenty20 history to beat New Zealand by five wickets and maintain their unbeaten record in the T20 tri-series in Auckland on Friday. In a roller-coaster match, the Black Caps set an imposing target of 244 on th

Published 17 Feb, 2018 12:00am

Lithuania celebrates 100 years of independence

Church bells tolled across Lithuania on Friday to mark 100 years of independence regained after World War I by the Baltic nation, which is now firmly anchored in the West but experiencing tension with powerful neighbour Russia. "At the start of the last c

Published 17 Feb, 2018 12:00am

Republican Mitt Romney announces US Senate bid

Mitt Romney, the former Republican White House hopeful and outspoken critic of President Donald Trump, announced Friday that he is seeking a US Senate seat in Utah, beginning a closely-watched return to the national political stage.

Published 17 Feb, 2018 12:00am

Philippines, China eye joint exploration in disputed waters

China and the Philippines are discussing joint mineral exploration in the South China Sea despite an ongoing territorial conflict over the strategic waterway, Manila's foreign secretary said Friday. The two countries, long embroiled in a dispute over thei

Published 17 Feb, 2018 12:00am

Exchange

Thousands in Israel anti-graft demo after Netanyahu indictment call

Thousands of Israelis marched against corruption in Tel Aviv on Friday, in the first protest since police recommended that Prime Minister Benjamin Netanyahu be indicted for graft. Several thousand people gathered for the protest calling on Netanyahu to st

Published 17 Feb, 2018 12:00am

Global powers must address 'episodes of cyberwar': UN chief

World leaders must lay the groundwork on how countries respond to cyberattacks that have proven to be a daunting threat, whether by state actors or criminal enterprises, UN secretary general Antonio Guterres said Friday.

Published 17 Feb, 2018 12:00am

Turkey, US to 'work together' in Syria after crisis

Turkey and United States on Friday agreed to work together in Syria after weeks of tensions over Ankara's latest cross-border operation that raised fears of a military confrontation between the two Nato allies. US Secretary of State Rex Tillerson and his

Published 17 Feb, 2018 12:00am

Qatar calls for EU-style security pact for ME

Middle Eastern states should put their differences behind them and forge a security pact modelled on the European Union in order to pull the region back from the brink, Qatar's Emir Sheikh Tamim bin Hamad al-Thani said on Friday. He asked the internationa

Published 17 Feb, 2018 12:00am

Canada announces sanctions against Myanmar general

Canada announced targeted sanctions on Friday against a Myanmar general who led an army crackdown that forced almost 700,000 Muslim Rohingya refugees to flee to Bangladesh. The action follows United States sanctions levelled against Major-General Maung Ma

Published 17 Feb, 2018 12:00am

Brazil to harvest 59.15 million bags of coffee in 2018-2019

Brazil will harvest a record 59.15 million 60-kg bags of coffee in the 2018/19 season, up from 48.17 million bags the prior year, exporter Terra Forte said in a report seen by Reuters on Wednesday. The outlook is in line with other estimates, with Brazili

Published 17 Feb, 2018 12:00am

Exchange

Copper climbs, notches up best week in over a year

Copper edged up on Friday, posting its biggest weekly gain in more than a year as the dollar hovered near three-year lows, while zinc climbed on depleting stocks. Benchmark copper on the London Metal Exchange ended 0.7 percent higher at $7,233 a tonne. Th

Published 17 Feb, 2018 12:00am

Global oil cut deal may hit Russian economy in 2018

A global deal on output cuts between OPEC and non-OPEC countries to shore up oil prices may hit Russia's economy in 2018, the central bank said in statement on Friday. The Organization of the Petroleum Exporting Countries, along with other large exporters

Published 17 Feb, 2018 12:00am

Oil edges up on equities rebound, weak dollar

Oil prices rose slightly on Friday, touching eight-day highs before paring gains, as a rebound in the global equities market and a weak dollar supported crude's recovery from last week's slide. Brent crude was up 48 cents, or 0.73 percent, at $64.81 per b

Published 17 Feb, 2018 12:00am

Exchange

TOCOM plunges to eight-month low

Benchmark Tokyo rubber futures plunged to 8-month lows on Friday, marking their fifth straight weekly loss, as selling intensified after the yen extended gains against the US dollar and amid concerns over rising inventories. The Tokyo Commodity Exchange (

Published 17 Feb, 2018 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 17 Feb, 2018 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 17 Feb, 2018 12:00am

Unilever lays bare palm oil supply chain in rare industry move

Consumer goods giant Unilever said on Friday it had laid bare its entire palm oil supply chain, including all the suppliers and mills it sources from, to boost transparency in a rare industry move.

Published 17 Feb, 2018 12:00am

Arabica coffee dives to two-month low

Arabica coffee futures on ICE fell 3 percent to a two-month low on Friday, on selling ahead of the spot contract's first notice day and technical weakness after prices broke below support levels. US soft commodity markets will be closed on Monday for a ho

Published 17 Feb, 2018 12:00am

Gold edges up in New York

Gold was on track for its fourth straight session of gains on Thursday as the US dollar slid to its lowest in two weeks on concerns about the impact of high U.S debt levels and tax cuts. Spot gold added 0.2 percent at $1,352.81 an ounce by 2:04 p.m. EST (

Published 17 Feb, 2018 12:00am

Exchange

Gold rises in Asia

Gold prices edged higher on Friday, heading for their biggest weekly percentage gain in nearly two years, buoyed by a weaker US dollar and as investors looked to hedge against inflation. Spot gold was up 0.4 percent at $1,358.40 an ounce as of 0801 GMT, a

Published 17 Feb, 2018 12:00am

Currency

Gold eases in Europe, heads for biggest weekly rise in nearly two years

Gold eased from a three-week high on Friday as the dollar index bounced from a three-year low, but the metal remained on track for its biggest weekly gain in nearly two years on the back of weakness in the US currency and inflation concerns.

Published 17 Feb, 2018 12:00am

US MIDDAY: corn, soya and wheat drop

US soyabean futures fell from their highest since late July on Friday as traders locked in profits from this week's weather-driven rally. Soyameal futures also fell and were on track to snap an eight-session winning streak after rallying to their highest

Published 17 Feb, 2018 12:00am

US MIDDAY: gold slips

Gold prices dipped on Friday, but still hovered near a three-week high, as the US dollar index bounced from a three-year low and investors worried that US inflation could heat up. The US dollar limped up off a three-year low against a basket of currencies

Published 17 Feb, 2018 12:00am

PEC Chairman visits Wapda House Peshawar

Chairman Pakistan Engineering Council (PEC) Engineer Jawed Salim Qureshi visited Pesco Head Quarter Wapda House Peshawar. Chief Executive Pesco Engineer Dr Zakullah Khan Gandapur, Chief Executive Tesco Dr Muhammad Amjad, Chief Engineer Operation Muhammad

Published 17 Feb, 2018 12:00am

Various government departments: NAB KP authorizes inquiries against officials

The Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa held here on Friday with Farmanullah Khan, Director General NAB KP. The meeting was attended by Directors, Deputy Prosecutor General (DPGA), case officers, and oth

Published 17 Feb, 2018 12:00am

Government to welcome budget proposals from tax bar bodies: Haroon

Special Assistant to Prime Minister on Revenue/Federal Minister Haroon Akhtar Khan has said the government values the contribution of tax bar associations in the country towards broadening of tax base and their proposals on improving the tax regime would

Published 17 Feb, 2018 12:00am

Government to welcome budget proposals from tax bar bodies: Haroon

Published 17 Feb, 2018 12:00am

FBR seeks separate budget for DG Law

The Federal Board of Revenue (FBR) has sought separate budget from the Finance Division for smooth functioning of Directorate-General of Law (DG Law). Sources told Business Recorder here on Friday that the issue of funding to the Directorate-Genera

Published 17 Feb, 2018 12:00am

BTB initiative: FBR facing serious issues in delivery of notices

The Federal Board of Revenue (FBR) is facing a serious issue in the delivery of notices at the available addresses of unregistered persons for bringing them into tax net across the country. The sources told Business Recorder here on Thursday that t

Published 17 Feb, 2018 12:00am

Cellular companies urge government to abolish advance income tax

The telecom sector has proposed the government to abolish the advance income tax on telecom subscribers who do not fall under the tax net as well as harmonisation of federal excise duty (FED)/general sales tax across the federation and all provinces.

Published 17 Feb, 2018 12:00am

ICCI chief voices concern over forced eviction of traders

Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry has shown great concern over the rising incidents of forced eviction of traders from the shops as these incidents were creating insecurity among trading community about future of th

Published 17 Feb, 2018 12:00am

Government extending health facilities to low-income groups: President

President Mamnoon Hussain Friday said the government was extending health facilities to the low-income groups though it had been a difficult task to provide health services in a populous country like Pakistan.

Published 17 Feb, 2018 12:00am

'PAK-UAE Property Show 2018' to be held on April 26

First premier show for property, builders and construction industry, PAK-UAE Property Show 2018 with international symposium involving exhibitors from two and investors from eight countries to participate under one roof will be held on April 26-28th 2018

Published 17 Feb, 2018 12:00am

Track and trace system: TRIC, FBR agree on monitoring of tobacco products

The Tax Reform Implementation Committee (TRIC) and Federal Board of Revenue (FBR) have principally agreed that under the track and trace system of tobacco products, the concerned company will provide full investment while the tax department will be involv

Published 17 Feb, 2018 12:00am

Higher economic growth can help reverse brain drain: PM

Prime Minister Shahid Khaqan Abbasi Friday said the economic growth would help create new opportunities for the qualified people and reverse brain drain from the country. He was talking to a delegation of students from Institute of Business Management Kar

Published 17 Feb, 2018 12:00am

Different bodies of Punjab textile industry meeting today

The representatives of different textile industry associations of Punjab will hold a consultative joint session Saturday (today) to evolve a joint strategy to encounter challenges faced by textile and its allied industry. In this session the participants

Published 17 Feb, 2018 12:00am

DHQ Hospital DGK: PPDWP approves Rs 4.6 billion for upgradation

Punjab Provincial Development Working Party (PPDWP) has approved Rs 4.6 billion for provision of missing specialties for upgradation of DHQ Hospital Dera Ghazi Khan into Teaching Hospital DGK. The approval was given in the PPDWP 51st meeting of current fi

Published 17 Feb, 2018 12:00am

'Women's empowerment a must for economic development'

Chairperson of the Punjab Commission on the Status of Women, Fauzia Viqar on Friday said the PCSW is making all out measures for gender equality and women empowerment that is a must for sustainable economic development of the country.

Published 17 Feb, 2018 12:00am

PU VC to head 'SAARC Education Reforms Committee'

South Asia Association of Regional Co-operation (SAARC) Chamber of Commerce and Industry, an apex body in the region has nominated Vice Chancellor Punjab University Professor Dr Muhammad Zakaria Zakar to head its high level "Education Reforms Committee" f

Published 17 Feb, 2018 12:00am

Promotion of SME Banking: SBP launches awareness campaign for chambers

The State Bank of Pakistan (SBP) in order to create awareness about its 'Roadmap for Promotion of SME Banking' which is aimed at enhancing credit to SME sector, has launched an awareness creating program to educate different chambers and associations.

Published 17 Feb, 2018 12:00am

Rejection of Dar's nomination papers: Tribunal issues notices to ECP

An appellate tribunal headed by a Lahore High Court judge on Friday issued notice to the Election Commission of Pakistan (ECP) in an appeal of Ishaq Dar against rejection of his nomination papers for Senate election.

Published 17 Feb, 2018 12:00am

Intellectual Property Rights: FCCI to host awareness session

Strict enforcement of Intellectual Property Rights (IPR) is imperative to survive in the era of globalization and in this connection Faisalabad Chamber of Commerce and Industry (FCCI) is ready to host an awareness session for its members on this most impo

Published 17 Feb, 2018 12:00am

L&DDDP to supply pure, fresh camel milk to consumers

The Livestock and Dairy Development Department Punjab has made special arrangements to supply the pure and fresh "Camel Milk" in the market in a organized manner for the use of the consumers which is 100% organic milk.

Published 17 Feb, 2018 12:00am

PSDF to launch special vocational training programme

Punjab Skill Development Fund (PSDF) will launch a special vocational training program exclusively for Faisalabad from July this year, said Jawad Khan Chief Executive Officer PSDF. Addressing the members of Faisalabad Chamber of Commerce and Industry (FCC

Published 17 Feb, 2018 12:00am

Shahbaz announces establishment of first free cancer hospital

Punjab Chief Minister Shahbaz Sharif on Friday announced that first free cancer hospital will be established soon after the elections of 2018 where free treatment facilities will be provided for every sort of cancer. For this hospital, best Pakistani doct

Published 17 Feb, 2018 12:00am

OPC retrieves properties

The Overseas Pakistanis Commission (OPC) Punjab retrieved as many as 17 properties of overseas Pakistanis, worth Rs 93.3 million from the illegal occupants during the last two weeks. This was stated in the fortnightly meeting of the OPC here on Friday. Th

Published 17 Feb, 2018 12:00am

Partly Facetious: Imran is on a hat trick

"I have an observation."

Published 17 Feb, 2018 12:00am

Nawaz's 'questionable' removal has added to his stature: Sana

Punjab Law Minister Rana Sanaullah wondered on Friday that what message will go to world if they put the name of former prime minister Nawaz Sharif on the Exit Control List (ECL). Talking to media outside the Punjab Assembly, Sanaullah said that Rao Anwar

Published 17 Feb, 2018 12:00am

PHC suspends surgeries in 256 OTs, serves notices to 314

The Punjab Healthcare Commission has suspended surgeries in 256 operation theatres of 356 hospitals, and issued show-cause notices to 314 healthcare establishments for not implementing the Minimum Service Delivery Standards. Chief Operating Officer Dr Muh

Published 17 Feb, 2018 12:00am

PML-N local leaders join PTI

The Pakistan Muslim League-Nawaz (PML-N) local leaders from district Kasur have announced to join the Pakistan Tehreek-e-Insaf (PTI) during a PTI workers convention held in Kasur on Friday. Atta-ur-Rehman Ansari, Fayyaz Sindhu, ex-Nazim Haji Mahbood, Haji

Published 17 Feb, 2018 12:00am

207 computer servers of FBR need immediate upgrade

The 207 computer servers of the Federal Board of Revenue, handling the FBR data, have reached end of life and end of service. It is learnt that the issue of IT computer servers was discussed during a past meeting of Tax Reform Implementation Committee (TR

Published 17 Feb, 2018 12:00am

Total PARCO adds 10,000 m3 gasoline storage tank at its Machike terminal

Total PARCO Pakistan Limited inaugurated the safe construction of a 10,000 m3 large vertical storage tank at its Machike Terminal located near Sheikhupura-Punjab. The new tank has been constructed to meet the growing demand of gasoline, resulting in the g

Published 17 Feb, 2018 12:00am

Sindh CM asks FD to launch anti-encroachment drive

Sindh Chief Minister, Syed Murad Ali Shah, directed Forest Department (FD) to launch anti-encroachment drive against land grabbers and plant trees on the forest land. This he said while talking to Secretary Forest Asif Hyder Shah, Chief Conservator Aijaz

Published 17 Feb, 2018 12:00am

Bahria Orchard: Bahria Town launches Escorts Investment Bank branch in Lahore

Bahria Town (Private) Limited has started the first branch of its latest venture 'Escorts Investment Bank Ltd' at Bahria Town Head Office in Bahria Orchard Lahore. In the presence of a highly esteemed gathering, the new branch commenced its operation, yes

Published 17 Feb, 2018 12:00am

Aamir Ibrahim appointed Head of Emerging Markets, VEON Group

VEON Ltd. (formerly VimpleCom the parent company of Jazz), announced that Aamir Hafeez Ibrahim will replace Jon Eddy as the Head Emerging Markets (Algeria, Pakistan and Bangladesh) for VEON, while continuing as CEO of Jazz.

Published 17 Feb, 2018 12:00am

SAFE Conclave-2018 to be held from February 19 in Karachi

For the first time in its history, the Annual Meeting of South Asian Forum of Employers is being held in Karachi on February 19-20, hosted by Employers Federation of Pakistan. This was disclosed by Zaki Ahmed Khan, Vice President EFP in a press release.

Published 17 Feb, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Petrol/Litre / Dec 4	252.10
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Diesel/Litre / Dec 4	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 4 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 4 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 4 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 4 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 4 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 4 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular