News Archives for Print - 2018-02-28

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Print - 2018-02-28

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 28 Feb, 2018 12:00am

Shifting alliances as Pakistan manages relationship with US

As Pakistan navigates its troubled relationship with the United States and scrambles to avoid being blacklisted for doing too little, too late to stop terror funding, regional alliances are shifting and analysts ponder whether a cozier relationship with c

Published 28 Feb, 2018 12:00am

Nawaz has captured the hearts and minds of people

Maryam Safdar believes that her father has captured the hearts and minds of people. Speaking in Sargodha the other day, she said that her father had launched a 'crusade' for democracy and fundamental rights of some 220 million people of Pakistan. She argu

Published 28 Feb, 2018 12:00am

KP RTI Act 2013: CRTI opposes proposed amendments, insertions

Coalition on Right to Information (CRTI) strongly opposes the amendments proposed in KP Right to Information Act 2013. The proposed amendments are regressive and will seriously undermine the efficiency of KP RTI Act 2013. In a statement issued on Tuesday,

Published 28 Feb, 2018 12:00am

FIA mulling to register case against Haqqani: SC informed

The Supreme Court was informed on Tuesday that Federal Investigation Agency (FIA) is considering to register a case against Husain Haqqani, former ambassador of Pakistan to the United States. Additional Attorney General Waqar Rana submitted before the Sup

Published 28 Feb, 2018 12:00am

Baloch for unity to stop bloodshed of Muslims

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the Muslim world would have to unite to stop the bloodshed of Muslims in different parts of the world. He was speaking at a breakfast meeting with the Islami Jamiat e Talaba chief Hafiz Muha

Published 28 Feb, 2018 12:00am

Hajj quota case: ministry told to file petition for early hearing

A parliamentary panel has directed the ministry to file an early hearing petition of Hajj quota case in Islamabad High Court (IHC) so that the long awaited Hajj balloting could be conducted as early as possible. The National Assembly Standing Committee on

Published 28 Feb, 2018 12:00am

US to assist PD in establishing renewable energy institute

The United States will explore ways and means to assist Power Division (PD) in establishment of Pakistan's First Renewable Energy Institute and also share the expertise of the US National Renewable Energy Laboratory to enable it to work as per internation

Published 28 Feb, 2018 12:00am

SAP Pakistan sees vast opportunities for digital transformation

Pakistan will reach the "tipping point" for cloud transforming industry verticals and citizen and customer experiences, digital transformation enabler, SAP announced on Tuesday. "Pakistan Vision 2025 and the China-Pakistan Economic Corridor present strong

Published 28 Feb, 2018 12:00am

'ICE (TE) 2018': minister for investing all resources for good of country

Minister of State for finance and economic affairs, Rana Muhammad Afzal Khan, has stressed on the need for investing all out energies and resources for betterment and development of Pakistan. He express these views speaking as chief guest at the inaugural

Published 28 Feb, 2018 12:00am

Exchange

PAT of Unilever Foods increases to Rs 1.355 billion

The profit after tax of Unilever Foods has increased to Rs 1.355 billion in year ended December 31, 2017 as compared to Rs 1.277 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting held on February 26,

Published 28 Feb, 2018 12:00am

Exchange

PAT of Unilever Foods increases to Rs 1.355 billion

Published 28 Feb, 2018 12:00am

SSGC seals four CNG stations

There has been no let up in SSGC's drive against the menace of gas theft. The company, as part of its ongoing Operation Grift, continued its raids on those CNG stations in Hyderabad and Badin that were carrying on their businesses even during official clo

Published 28 Feb, 2018 12:00am

NA panel approves CPEC-related projects

The National Assembly Standing Committee on Planning, Development and Reform has approved certain projects that include Centre of Excellence for China-Pakistan Economic Corridor (CPEC) and National Endowment Scholarship for Talent.

Published 28 Feb, 2018 12:00am

Top Indian diplomat summoned to condemn ceasefire violations

Pakistan Tuesday summoned top Indian diplomat and condemned Indian troops' unprovoked ceasefire violations along Line of Control (LoC) on February 27 2018 in Nikial Sector resulting in martyrdom of a 13-year-old boy.

Published 28 Feb, 2018 12:00am

MyDoctor.pk raises $1.1 million in funding from Glowfish Capital

MyDoctor.pk, one of Pakistan's leading online health platform, has announced that it has officially changed its name to oladoc.com. MyDoctor.pk was founded in 2016 to make it easy for users to find the best doctors and specialists near them. Moreover, it

Updated 08 Aug, 2018 11:03am

Ban imposed on manufacturing, sale of toy guns

Government of Sindh has imposed complete ban on manufacture, sale, purchase, use and display of toy guns/pistols in entire province of Sindh. The SHO of concerned police station is authorized to register the complaints under Section 188 PPC in writing for

Published 28 Feb, 2018 12:00am

Audit of sixth census likely to be completed in April: NA panel told

The Ministry of Statistics Tuesday said that the audit of the 6th census conducted in 2017 is expected to be completed in April 2018 as the exercise to finalize the results is in progress. While briefing a meeting of the National Assembly's Standing Commi

Published 28 Feb, 2018 12:00am

Currency

BASF shows significant growth in 2018

Following a successful 2017 business year, BASF has had a good start to the year 2018. "Last year, we achieved significant growth and were able to further increase our profitability. Moreover, we laid important groundwork for the future development of our

Published 28 Feb, 2018 12:00am

Bardana issue: Passco plans to introduce e-balloting system: official

Secretary Ministry of National Food Security and Research, Fazal Abbas Makan Tuesday claimed that flour mills give preference to Passco wheat due to its better quality over Punjab's despite the fact that the Punjab government has lowered its price to Rs 1

Published 28 Feb, 2018 12:00am

NA body expresses dissatisfaction about HR ministry's performance

A parliamentary panel has expressed displeasure over the performance of Ministry of Human Rights. The National Assembly Standing Committee on Ministry of Human Rights met here with Babar Nawaz KKhan in the chair on Tuesday. The committee was given a brief

Published 28 Feb, 2018 12:00am

Outreach programme for agriculture sector under study: Siddiqui

President and CEO Meezan Bank, Irfan Siddiqui has said that the bank is working on Small and Medium Enterprises (SMEs) sector and soon new services would be available for SMEs sector. Speaking at a meeting of Korangi Association of Trade and Industry (KAT

Published 28 Feb, 2018 12:00am

Outreach programme for agriculture sector under study: Siddiqui

Published 28 Feb, 2018 12:00am

Cousin marriages lead to genetic disorders

Marriages with cousins and marriages within clans are some of the major causes of genetic disorders in our country, said Dr Muhammad Fareeduddin, Head of Pediatrics, Indus Hospital, Karachi while speaking at a press conference on genetic disorders at Kara

Published 28 Feb, 2018 12:00am

'Garbage be dumped at only specified place'

The Government of Sindh has ordered that no person, whether municipal staff, contractor's staff or private citizen shall dump garbage at any place other than the place specified by the Government/ Municipal authorities as garbage dumping site and that no

Published 28 Feb, 2018 12:00am

Clarification

It is brought to your kind notice the fire erupted on Saturday ie February 24, 2018 at about 5:30 in Sindh Secretariat Building no.1, a section of press reported that the important documents had been destroyed and damaged due to the fire.

Published 28 Feb, 2018 12:00am

600-bed IICH planned for Karachi

The International Institute of Child Health (IICH), a 600 bed hospital of international standard is planned to be built in Karachi. The procedures, technology, human resource, system and policies would all be of international standards and all efforts are

Published 28 Feb, 2018 12:00am

CEOs asked to clear backlog of pending faulty meters by March 31

Federal Minister for Power Division Sardar Awais Ahemd Khan Legahri has directed the CEOs of all Distribution Companies (Discos) to clear the backlog of all the pending faulty meters in their respective areas by March 31, 2018.

Published 28 Feb, 2018 12:00am

Exchange

Afghan students urged to defeat forces fomenting mistrust

President Mamnoon Hussain on Tuesday said the Afghan students in Pakistan were ambassadors of their country and called upon them to use education to defeat forces that fomented mistrust between the two countries.

Published 28 Feb, 2018 12:00am

Uplift schemes in PK-1: PTI councillors form alliance to get due share

A group of councilors affiliated with Pakistan Tehreek-i-Insaf (PTI) from Union Council-IV of provincial assembly constituency PK-1 Peshawar has formed the Insaf Councilors Ittehad, meant to mutually raise voice for their due share in developmental scheme

Published 28 Feb, 2018 12:00am

Senate body on SAFRON briefed over Khasadar Rules

Chairman Senate Sub-Committee on SAFRON Muhammad Saleh Shah has expressed his serious concerns over failure of the relevant officials to forward recommendations on Khasadar Rules to Law Division, earlier evolved in 2015. He was chairing a meeting of the S

Published 28 Feb, 2018 12:00am

Evidence-based policy, reforms essential for protection of children

Evidence-based policy and legal reforms are essential for protection of children, especially the children under employment, and there is a need to initiate practical steps for elimination of child labour and such labourers' rehabilitation.

Published 28 Feb, 2018 12:00am

Two-day dyes chemical expo from March 24

The two-day dyes chemicals & allied industry exhibition 2018 is going to be held from March 24 here at Lahore International Expo Centre. Event and Conference International Pvt. Ltd is organizing the exhibition with international partners China Dyestuff In

Published 28 Feb, 2018 12:00am

Agents halt clearing process at Torkham

Clearing process of export and import good was remained halt at Torkham on Tuesday, as strike of clearing agents continued on second day against implementation of Web Based One Customs (WeBoC) system. Last day the association announced indefinite strike a

Published 28 Feb, 2018 12:00am

Budgetary proposals of Rs 3.4 billion approved

National Assembly Standing Committee on Inter-Provincial Coordination on Tuesday approved budgetary proposals of Rs 3.4 billion regarding the PSDP for fiscal year 2018-19. A meeting of the committee was held here at the Parliament House in the chair of MN

Published 28 Feb, 2018 12:00am

Budgetary proposals of Rs 3.4 billion approved

Published 28 Feb, 2018 12:00am

Mashal lynching case: PHC suspends conviction of 25 suspects

The Peshawar High Court circuit bench in Abbottabad on Tuesday suspended the conviction of 25 suspects in the Mashal Khan lynching case.

Published 28 Feb, 2018 12:00am

Fiscal year 2018-2019: MoITT proposes 15 uplift projects worth Rs 9.787 billion

The Ministry of Information Technology and Telecommunication (MoITT) has proposed Rs 9.787 billion against 15 development projects for financial year 2018-19. The proposed PSDP was presented before the Senate Standing Committee on Information Technology a

Published 28 Feb, 2018 12:00am

Government urged to take effective steps for climate change policy

The government was urged on Tuesday to take effectives steps at policy level for dealing with climate change-induced challenges. The speakers expressed these view while addressing the participants of the 4th Climate Change Adaptation Policy and Science Co

Published 28 Feb, 2018 12:00am

Exchange

Medical journal editors' moot to begin on March 3

The 4th national conference of Medical Journal Editors will be held at Khyber Medical University Peshawar from March 3. The conference is jointly be organized by Khyber Medical University Peshawar and Pakistan Association of Medical Editors (PAME), aiming

Published 28 Feb, 2018 12:00am

Partly Facetious: Iqamaad or Iqama?

"His speech was good and appreciated, or so he claimed."

Published 28 Feb, 2018 12:00am

Tree plantation campaign at Lahore Fort

The Walled City of Lahore Authority (WCLA), in collaboration with the Punjab Forest, Wildlife and Fisheries Department, on Friday launched a tree plantation campaign in Lahore Fort. Punjab Forest, Wildlife and Fisheries Secretary Mian Waheed ud Din and WC

Published 28 Feb, 2018 12:00am

Three banks asked to raise minimum pension to Rs 8000 per month

The Supreme Court on Tuesday directed three key private banks - Habib Bank Limited (HBL), United Bank Limited (UBL) and Allied Bank Limited (ABL) - to immediately raise the minimum pension to Rs 8,000 per month. The payments will be prospective, that is,

Published 28 Feb, 2018 12:00am

Mis-declared goods: huge quantity of smuggled betel nuts released

A large quantity of betel nuts have been released under the guise of iron and moldable pressed scrap bundles from Green Channel at Port Qasim, it was learnt. According to details, customs authorities at Port Qasim initiated investigation to unearth the fa

Published 28 Feb, 2018 12:00am

Matco Foods participates in Gulfood

Pakistan's leading food processing and rice exporting company Matco Foods participates in Gulfood 2018. Gulfood is one of leading exhibitions of food products and held every year in Dubai. Earlier, Anuga Germany and Sial Foods France were well-known food

Published 28 Feb, 2018 12:00am

NH&MP set up 'Wall of Kindness'

The National Highways and Motorway Police, Central has set up a 'Wall of Kindness at Babu Sabu building complex here on Monday. Lady patrolling officer has inaugurated 'Wall of Kindness' set up by officers and officials of NH&MP. Former Justice Nasira Jav

Published 28 Feb, 2018 12:00am

KMC to upgrade 20 bridges, flyovers

Mayor Karachi Waseem Akhtar on Tuesday said that KMC has evolved a comprehensive plan to upgrade road infrastructure particularly repair and rehabilitate bridges, and flyovers. Chairing a meeting, during the visit of 3-member delegation of World Bank at h

Published 28 Feb, 2018 12:00am

CEAD, Switzerland to promote art education

The Centre of Excellence in Art & Design (CEAD), Mehran University of Engineering & Technology (MUET), Jamshoro and Switzerland have agreed to extend collaboration and work together to promote art education in the region. Swiss Consul General Phillippe Cr

Published 28 Feb, 2018 12:00am

Minister lauds role of LCCI for ailing humanity

Federal Commerce Minister Muhammad Pervez Malik has said that role of business community is of utmost importance in Corporate Social Responsibilities and it is a matter of satisfaction that premier business organization like the Lahore Chamber of Commerce

Published 28 Feb, 2018 12:00am

PAD to organise 'International Agri-Tech 2018' expo

The Punjab Agriculture Department (PAD) is organising 'International Agri-Tech 2018' exhibition on April 06 and 07, 2018 at Expo Center Lahore to promote high-tech mechanization in the province. The exhibition is being organized on the special directives

Published 28 Feb, 2018 12:00am

LHC moved for stay of Senate by-poll

A Pakistan Tehreek-e-Insaf (PTI) nominee for senate by-election Dr Zarqa Suharwardi Taimur has asked the Lahore High Court to stay the election on a seat fallen vacant after disqualification of Nihal Hashmi. The petitioner said the ECP declare the contest

Published 28 Feb, 2018 12:00am

Shahbaz to face challenge of keeping PML-N united

Punjab Chief Minister Shahbaz Sharif, who was elected as acting President of the PML-N on Tuesday, had earlier served as the party president in 2002 after registration of cases against Nawaz Sharif. Starting his political career as president of Lahore Cha

Published 28 Feb, 2018 12:00am

Nawaz finally parts ways with Nisar

The PML-N Quaid Muhammad Nawaz Sharif has finally parted ways with his close political associate for past three decades Chaudhary Nisar Ali Khan as he did not invite him to the crucial CEC meeting which elected his friend Chief Minister Shahbaz Sharif as

Published 28 Feb, 2018 12:00am

Sharifs will not be allowed to attack SC: Wattoo

PPP leader and former Chief Minister Punjab Mian Manzoor Wattoo has said that Sharifs will not be allowed to repeat history of attack on Supreme Court. Protection of State Institutions is national, constitutional, democratic, and political responsibility

Published 28 Feb, 2018 12:00am

Punjab Assembly Standing body visits PU Centre for Coal Tech

A delegation of members of Punjab Assembly's Standing Committee on Mines & Minerals headed by Mehr Khalid Mahmood Sargana has visited PU Centre for Coal Technology. PU VC Professor Dr Zakir Zakeria and CCT Professor Dr Shahid Munir welcomed the delegation

Published 28 Feb, 2018 12:00am

PTI-led opposition benches create pandemonium in Punjab Assembly

For the second consecutive day, the Opposition benches, led by the Pakistan Tehreek-e-Insaf (PTI), continued to create pandemonium in the House on Tuesday. They warned Speaker Sher Ali Gurchani that if Punjab Chief Minister Shahbaz Sharif does not appear

Published 28 Feb, 2018 12:00am

PHOTA to promote cadaveric transplantation

The Punjab Human Organs Transplantation Authority (PHOTA) in its meeting has agreed in principle to launch joint programs aimed at enhancing collaboration with the foreign institutions and foundations for the promotion of cadaveric transplantation as well

Published 28 Feb, 2018 12:00am

Man held for blackmailing woman

The Federal Investigation Agency (FIA) has arrested a man for blackmailing a woman through her 'highly-personal data' and demanding Rs 1.5 million as extortion money. One Sobia Atif, a resident of Faisalabad district, had lodged a complaint at the Nationa

Published 28 Feb, 2018 12:00am

Liberation of Kashmir will change India's map: JI chief

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq led a Senate delegation to the Cease Fire line to boost the morale of the Pak army units on the front line. The delegation also met the families of the martyrs and enquired after the health of the in

Published 28 Feb, 2018 12:00am

Chinese language interpreters: CPEC projects to create 40,000 jobs: Tevta chief

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that China Pakistan Economic Corridor (CPEC) will produce around 40,000 jobs of Chinese language interpreters for youngsters. TEVTA is preparing youth to a

Published 28 Feb, 2018 12:00am

PU VC for promoting sciences to protect life

Punjab University's Vice Chancellor, Professor Dr Muhmmad Zakria Zakar has said that the real purpose of all sciences was to protect life and we must promote such knowledge that could contribute to improvement of living standards. He was addressing the in

Published 28 Feb, 2018 12:00am

MWM moves LHC against Ahsan Iqbal

Majlis-i-Wahdatul Muslimeen (MWM) has approached the Lahore High Court against Interior Minister Ahsan Iqbal for calling the organisation a banned outfit. MWM Secretary General Nasir Abbas Sherazi pleaded that the Interior minister misled a meeting of the

Published 28 Feb, 2018 12:00am

Mutual Funds

Engro Polymer & Chemicals Limited

A subsidiary of Engro Corporation Limited, Engro Polymer & Chemicals (EPCL) was incorporated in 1997. Its primary business is within the chlor-vinyl segment, which includes Polyvinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Caustic Soda, Hydrochloric

Published 28 Feb, 2018 12:00am

Mutual Funds

Engro Polymer & Chemicals Limited

Updated 28 Feb, 2018 06:47am

Railways demands Rs 73 billion for 29 projects under PSDP 2018-2019

Pakistan Railways has demanded Rs 73 billion for 29 projects, including Rs 30.3 billion for China-Pakistan Economic Corridor (CPEC) related projects, under the Public Sector Development Program (PSDP) 2018-19. The government has so far released Rs 18.27 b

Published 28 Feb, 2018 12:00am

WBC's multi-stakeholder leadership and governance dialogue held

World Business Council (WBC) held a high-level multi-stakeholder leadership and governance dialogue under the theme of "Pathways to Sustainable Future" for Sustainable Development Pakistan chapter here at the office of United Nations Habitat on Tuesday. T

Published 28 Feb, 2018 12:00am

Exchange

SECP holds sessions for ease of doing business reforms agenda

The Securities and Exchange Commission of Pakistan (SECP) has organized two sessions with the contributors under ease of doing business reforms agenda at Company Registration Offices in Lahore and Karachi. The purpose of these sessions was to engage with

Published 28 Feb, 2018 12:00am

PTI MPA escapes terrorist attack

Terrorists have attacked female lawmaker of Khyber Pakhtunkhwa Assembly hailing from Pakistan Tehreek-e-Insaf (PTI), Zareena Zia in the jurisdiction of Saokano police station on Tuesday. Zareena Zia has said that she remained unhurt in the attack as the t

Published 28 Feb, 2018 12:00am

KPT, BQM and Gwadar: meeting to improve rail connectivity held

The second inter-ministerial meeting on improvement of rail connectivity with Karachi Port Trust (KPT), Bin Qasim ((BQM) and Gwadar was held on Tuesday at Ministry of Railways, Islamabad. Parveen Agha, chairperson, Ministry of Railways, said that Pakistan

Published 28 Feb, 2018 12:00am

US MIDDAY: gold slides

Gold prices were down 1 percent Tuesday after the new U.S central bank chairman pledged to stick with gradual interest rate increases. Spot gold was down 1.1 percent at $1,318.22 an ounce by 1:34 pm EST (1834 GMT). Its session low of $1,313.26 was a two-w

Published 28 Feb, 2018 12:00am

US MIDDAY: wheat rises

US wheat prices rose to roughly seven-month highs on Tuesday as low crop ratings and limited chances of rain in drought-hit parts of the Plains growing region kept attention on the risk of yield losses. The gains were fuelled by US Department of Agricultu

Published 28 Feb, 2018 12:00am

Exchange

Gold dips in Europe

Gold prices fell modestly on Tuesday after the new chairman of the US central bank pledged to stick with gradual increases to interest rates. Spot gold was down 0.3 percent at $1,329.01 an ounce at 1430 GMT, paring losses after falling as low as $1,324.51

Published 28 Feb, 2018 12:00am

Gold steadies in Asia

Gold prices were steady on Tuesday as the dollar was little changed while investors awaited US Federal Reserve Chair Jerome Powell's first congressional testimony for clues on the future pace of monetary tightening. Spot gold was up 0.1 percent at $1,334.

Published 28 Feb, 2018 12:00am

Gold rises in New York

Gold prices rose on Monday as a softer US dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by US Federal Reserve Chair Jerome Powell later this week. Powell's appearance

Published 28 Feb, 2018 12:00am

Cocoa keeps rising

Cocoa futures extended gains to three-month highs on Monday, in a volatile session that lifted contracts to technically overbought levels on diminishing crop prospects in top grower Ivory Coast, though profit-taking pressured prices mid-session. May New Y

Published 28 Feb, 2018 12:00am

Vegetable Oil

Malaysian palm oil up

Malaysian palm oil futures hit a two-week high on Monday evening, recording a second straight session of gains, as rising demand for palm and gains in rival oilseeds supported the market. The benchmark palm oil contract for May delivery on the Bursa Malay

Published 28 Feb, 2018 12:00am

Kiwi slips, Aussie steadies

The New Zealand dollar inched lower on Tuesday after the country recorded its biggest monthly trade deficit in more than 10 years, while the Australian dollar was a tad firmer ahead of the first House testimony by the new head of the Federal Reserve. The

Published 28 Feb, 2018 12:00am

World's biggest sovereign fund makes more money than ever

Norway's sovereign wealth fund, the world's biggest, yielded returns of 1.02 trillion kroner (106 billion euros, $131 billion) in 2017, a record sum thanks to soaring global stocks, the Norwegian central bank said Tuesday. At the end of last year, the fun

Published 28 Feb, 2018 12:00am

EU-Morocco fish deal doesn't cover W Sahara

An EU fisheries deal with Morocco remains valid as long as it does not involve the disputed region of Western Sahara, the bloc's top court ruled Tuesday, avoiding a clash between Brussels and Rabat. The European Court of Justice said the fisheries agreeme

Published 28 Feb, 2018 12:00am

Merkel sees 'no violations' in Chinese stake in Daimler

Chancellor Angela Merkel on Tuesday said she saw "no violations" in a major investment by a Chinese billionaire in German car giant Daimler which has reignited concern over Chinese influence on European firms. "We are open to trade partners and at first g

Published 28 Feb, 2018 12:00am

Greek economy minister quits in housing stipend row

Greece's economy minister quit early Tuesday, the prime minister's office said, hours after his wife was ousted as a junior minister over a housing stipend controversy. "Prime Minister Alexis Tsipras has accepted the resignation of Economy Minister Dimitr

Published 28 Feb, 2018 12:00am

Taiwan urges calm over panic buying of toilet paper

Taiwan's premier called for calm Tuesday following a desperate run on toilet paper on the island, sparked by speculation of imminent price hikes. Shelves usually stacked with toilet paper, kitchen paper and boxed tissues stood empty in many hypermarkets a

Published 28 Feb, 2018 12:00am

Weak German inflation shows ECB still facing uphill battle

German inflation slowed more than expected to hit a 15-month low in February, suggesting that price pressures in Europe's largest economy are muted despite a robust upswing, rising wages and unprecedented monetary stimulus. The weak data, released by the

Published 28 Feb, 2018 12:00am

FTSE little changed as Sky soars on Comcast bid

Comcast's bid for pay-TV group Sky and strong results from housebuilder Persimmon helped keep Britain's FTSE 100 on an even keel on Tuesday, as investors digested the first public comments from new Federal Reserve chairman Jerome Powell. Market reaction o

Published 28 Feb, 2018 12:00am

Southeast Asian stocks largely up

Most Southeast Asian stock markets closed higher on Tuesday, tracking Wall Street as a fall in US Treasury yields eased concerns about rising interest rates. Wall Street finished near three-week highs on Monday ahead of Federal Reserve Chairman Jerome Pow

Published 28 Feb, 2018 12:00am

Comcast's Sky bid pushes European media stocks to month high

M&A activity spiced up a choppy European trading session on Tuesday as Comcast made a surprise counterbid for pay-TV group Sky, sending its shares soaring. The pan-European STOXX 600 closed down 0.2 percent at 382.26 points, while US markets dipped after

Published 28 Feb, 2018 12:00am

China stocks snap six-session winning streak

China stocks snapped a six-session winning streak on Tuesday, led lower by real estate and resource firms, as investors booked profits after a recent strong rally. Market participants continued to ponder the impact of certain amendments in the wording of

Published 28 Feb, 2018 12:00am

Gulf markets mostly weak

Major Gulf stock markets were mostly weak on Tuesday but Vodafone Qatar jumped by its 10 percent daily limit in response to a stream of positive news from the company. By far the most heavily traded stock in its market, Vodafone Qatar said its nine-month

Published 28 Feb, 2018 12:00am

US bond yields slip

US Treasury yields fell on Monday as traders reduced their bearish bond positions in advance of new Federal Reserve Chairman Jerome Powell's semi-annual monetary policy testimony before Congress this week. Data showing domestic new home sales hitting a fi

Published 28 Feb, 2018 12:00am

US bond yields slip

Published 28 Feb, 2018 12:00am

Hong Kong shares fall

Hong Kong stocks fell from three-week highs on Tuesday, as investors took profit ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. The southbound leg of the Shanghai-Hong Kong Stock Connect saw record net outflows of 2.9 bil

Published 28 Feb, 2018 12:00am

Exchange

Wall Street rises as concerns over interest rates ease

US stocks rose to more than three-week highs on Monday, recovering much of the losses sustained in a sell-off earlier this month, as a decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic gr

Published 28 Feb, 2018 12:00am

Tuesday's early afternoon trade: stocks plummet as Powell's comments stoke rate hike fears

US stocks fell sharply on Tuesday after Federal Reserve Chairman Jerome Powell's comments on strengthening economy and inflation boosted bets the central bank would squeeze in a fourth rate hike this year. In his prepared remarks, Powell had hinted that t

Published 28 Feb, 2018 12:00am

Tokyo stocks rally

Tokyo stocks rallied on Tuesday with investors tracking another surge on Wall Street as inflation fears that sparked wild volatility earlier this month receded. The benchmark Nikkei 225 index jumped 1.07 percent, or 236.23 points, to close at 22,389.86 wh

Published 28 Feb, 2018 12:00am

Indian shares lower

Indian shares ended lower on Tuesday, dragged by bank stocks as uncertainties around state-run banks hit risk appetite. Punjab National Bank uncovered more fraudulent transactions, taking its overall prospective loss to nearly $2 billion, while the financ

Published 28 Feb, 2018 12:00am

Cotton

Buyers away due to short supply of lint cotton

Buyers kept on the sidelines on the cotton market on Tuesday owing to short supply of lint stocks, dealers said. The official spot rate was unchanged at Rs 6,900, they added. In Sindh and the Punjab, seed cotton prices were at Rs 2400-3000, they said. In

Published 28 Feb, 2018 12:00am

Exchange

Chinese steel futures jump over three percent

Chinese steel futures jumped more than 3 percent to their strongest level in almost three months on Monday after China's top steelmaking city said it will extend output curbs over the next eight months after the end of the winter heating season. China's p

Published 28 Feb, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 115,005 tonnes of cargo comprising 86,954 tonnes of import cargo and 28,051 tonnes of export cargo including 6,862 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 86,

Published 28 Feb, 2018 12:00am

European gasoline margins edge higher

Gasoline cracks regained some ground in northwest Europe after ending the week at a six-week low. While exports to West Africa underpinned the market, demand overall had slowed, limiting price gains. Traders said as much as 2 million tonnes had left Europ

Published 28 Feb, 2018 12:00am

Vegetable Oil

Indonesia's January crude palm oil output rises

Crude palm oil (CPO) output and exports from Indonesia, the world's top producer, likely post a small increase in January, a Reuters survey showed on Monday. Output in January was forecast to rise to 3.59 million tonnes, up slightly from 3.52 million tonn

Published 28 Feb, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	142.49
USD to Swiss Franc / Apr 14	0.81
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 11	4.96

Stock	Volume
S&P 500 / Apr 11	5,363.36
India Sensex / Apr 11	75,157.26
Nasdaq / Apr 11	16,724.46
Dow Jones / Apr 11	40,212.71
Tokyo Nikkei / Apr 14	33,982.36
Hang Seng / Apr 14	21,367.90
FTSE 100 / Apr 14	8,113.87
Germany DAX 30 / Apr 14	20,831.83
France CAC40 / Apr 14	7,259.65

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 11	16,785
Gold 10 Grams PKR / Apr 11	290,466
Crude Oil USD/Barrel / Apr 14	61.28
Gold Spot USD/Ounce / Apr 14	3,229.53
Cotton US¢/pound / Apr 14	67.08
Petrol/Litre / Apr 15	254.63
Diesel/Litre / Apr 15	258.64

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Apr 14 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.84 ▲ 0.99 (12.61%)
Ruby Textile / Apr 14 Ruby Textile Mills Limited(RUBY)	7.80 ▲ 0.86 (12.39%)
Tariq Corporation / Apr 14 Tariq Corporation Limited(TCORP)	14.69 ▲ 1.34 (10.04%)
Secure Logistics / Apr 14 Secure Logistics Group Limited(SLGL)	14.83 ▲ 1.35 (10.01%)
Engro Powergen / Apr 14 Engro Powergen Qadirpur Limited(EPQL)	35.27 ▲ 3.21 (10.01%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	15.29 ▲ 1.39 (10%)
Bawany Air Products / Apr 14 Bawany Air Products Limited(BAPL)	31.80 ▲ 2.89 (10%)
J.K.Spinning / Apr 14 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
PIA Holding Co.B / Apr 14 PIA Holding Company Limited B(PIAHCLB)	1,462.40 ▲ 132.95 (10%)
Frontier Ceram / Apr 14 Frontier Ceramics Limited(FRCL)	27.50 ▲ 2.5 (10%)

Stock	Price
Habib Ins. / Apr 14 Habib Insurance Company Limited(HICL)	7.95 ▼ -1.26 (-13.68%)
Oilboy Energy(R) / Apr 14 Oilboy Energy Limited(R)(OBOYR2)	1.62 ▼ -0.24 (-12.9%)
Fateh Ind. / Apr 14 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
Sindh Abadgar / Apr 14 Sindh Abadgar's Sugar Mills Limited(SASML)	52.50 ▼ -5.83 (-9.99%)
TPL Life Insur. / Apr 14 TPL Life Insurance Limited(TPLL)	49.35 ▼ -5.46 (-9.96%)
Hafiz Ltd. / Apr 14 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Baba Farid Sugar / Apr 14 Baba Farid Sugar Mills Limited(BAFS)	53 ▼ -5.43 (-9.29%)
Mughal Energy / Apr 14 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
First Elite Cap.Mod / Apr 14 First Elite Capital Modaraba(FECM)	16 ▼ -1.59 (-9.04%)
Shahzad Tex. / Apr 14 Shahzad Textile Mills Limited(SZTM)	27.26 ▼ -2.61 (-8.74%)

Stock	Volume
Cnergyico PK / Apr 14 Cnergyico PK Limited(CNERGY)	54,444,707 ▲ 0.23
Pak Int.Bulk / Apr 14 Pakistan International Bulk Terminal(PIBTL)	45,023,605 ▲ 0.5
Pak Elektron / Apr 14 Pak Elektron Limited(PAEL)	40,742,036 ▼ -0.01
Sui South Gas / Apr 14 Sui Southern Gas Company Limited(SSGC)	38,084,018 ▲ 2.37
B.O.Punjab / Apr 14 The Bank of Punjab(BOP)	33,174,212 ▲ 0.16
Citi Pharma Ltd / Apr 14 Citi Pharma Limited(CPHL)	25,349,324 ▲ 1.66
WorldCall Telecom / Apr 14 Worldcall Telecom Limited(WTL)	15,776,896 ▲ 0.02
Power Cement / Apr 14 Power Cement Limited(POWER)	14,852,543 ▼ -0.08
Dewan Cement / Apr 14 Dewan Cement Limited(DCL)	14,486,660 ▲ 0.86
K-Electric Ltd. / Apr 14 K-Electric Limited(KEL)	13,484,387 ▼ -0.04

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