News Archives for Print - 2018-03-04

The Weather

The weather report on Saturday (March 03, 2018) and the forecast for Sunday (March 04, 2018).

Published 04 Mar, 2018 12:00am

Exchange

Dropbox files for public stock offering of $500 million

Dropbox filed Friday for an initial public offering, seeking to raise an estimated $500 million for the Silicon Valley cloud computing storage startup. The San Francisco company claimed 500 million users in 180 countries and $1 billion in annual revenues

Published 04 Mar, 2018 12:00am

Treasury yields rise on BoJ's Kuroda remarks

US Treasury yields rose on Friday, with the 10-year yield bouncing back from a three-week low as the Bank of Japan's chief hinted at a possible exit from its ultra-easy policies if inflation hits its target in its fiscal 2019. The bond market also came un

Published 04 Mar, 2018 12:00am

Treasury yields rise on BoJ's Kuroda remarks

US Treasury yields rose on Friday, with the 10-year yield bouncing back from a three-week low as the Bank of Japan's chief hinted at a possible exit from its ultra-easy policies if inflation hits its target in its fiscal 2019. The bond market also came un

Published 04 Mar, 2018 12:00am

Global stock bulls still running, but a bit more tired

Global stock markets will rise further in 2018, even as the era of low inflation, bond yields and volatility has come to an end and the rocket fuel behind a bull run that began in 2009 is running dry, a Reuters polls of strategists showed.

Published 04 Mar, 2018 12:00am

Middle East funds favour Saudi before index decisions, UAE sentiment improves

Middle East fund managers remain heavily positive towards Saudi Arabia's equity market before index compilers decide whether to upgrade it, while sentiment has improved towards the United Arab Emirates, a Reuters poll showed on Wednesday.

Published 04 Mar, 2018 12:00am

Middle East funds favour Saudi before index decisions, UAE sentiment improves

Middle East fund managers remain heavily positive towards Saudi Arabia's equity market before index compilers decide whether to upgrade it, while sentiment has improved towards the United Arab Emirates, a Reuters poll showed on Wednesday.

Published 04 Mar, 2018 12:00am

Exchange

Brazilian IPOs get into a New York state of mind

When it comes to Brazilian initial public offerings (IPOs), geography sometimes still matters even in a globalized world. For example, Brazilian credit card services company PagSeguro Digital Ltd, which commanded a $6.8 billion valuation when it went publ

Published 04 Mar, 2018 12:00am

Oil to edge higher in 2018 as Opec cuts help offset US supply growth

Oil analysts expect the price of crude to rise steadily this year but remain in a tight band dictated by US shale output growth on one side and Opec supply restraint on the other, a Reuters poll showed on Wednesday. The survey of 37 economists and analyst

Published 04 Mar, 2018 12:00am

India's sugar output expected to rise to record 29.2 million tonnes

India's sugar production is likely to rise to a record 29.2 million tonnes in the 2017/18 season, up nearly 12 percent from a previous estimate as Maharashtra state's output could more than double, according to a survey of global and local dealers. The hi

Published 04 Mar, 2018 12:00am

US to stay stuffed with soyabeans despite Argentine losses

The soya complex may be rallying on the Chicago Board of Trade, but the outlook for US supply retains its bearish feel, despite significant losses to Argentina's soyabean crop amid parched conditions. Last month, the US Department of Agriculture cut domes

Published 04 Mar, 2018 12:00am

Ecuador seeks to lure investors by expanding oil auction

Ecuador will increase the number of oil and gas areas it plans to offer in an auction next month by including mature crude fields and an offshore gas field, oil minister Carlos Perez told Reuters on Tuesday. Many Latin American countries are trying to imp

Published 04 Mar, 2018 12:00am

Currency

Ivory Coast oversold cocoa main crop

Ivory Coast's Coffee and Cocoa Council (CCC) has sold forward up to 170,000 tonnes more main crop export contracts than it's now expected to produce, two senior officials with the marketing board told Reuters on Thursday. The miscalculation will leave som

Published 04 Mar, 2018 12:00am

USDA issues soya planting, export tips as China trade tensions mount

The US Department of Agriculture on Tuesday issued grower and grain exporter guidelines to reduce weed seeds in US soyabean shipments, after top importer China tightened import specifications on the most valuable US agricultural export. The move is intend

Published 04 Mar, 2018 12:00am

Cotton

GM cotton's return to Burkina Faso on hold over Bayer-Monsanto deal

Talks with Bayer to reintroduce genetically modified (GM) cotton in Burkina Faso are on hold pending the German drug and crop chemicals maker's acquisition of US rival Monsanto, the head of the West African nation's top cotton company said on Tuesday.

Published 04 Mar, 2018 12:00am

Exchange

Fundamentalists complain about a new generation of commodity speculators

Traditional commodity traders are lamenting the rise of a new generation of hedge funds who show little interest in the fundamentals of conventional supply and demand analysis. The newcomers are blamed for distorting prices, making markets impossible to t

Published 04 Mar, 2018 12:00am

ISO sees global sugar surplus of 5.15 million tonnes

The International Sugar Organization on Thursday raised its forecast for a projected global sugar surplus in 2017/18 (October/September) to 5.15 million tonnes, up from a previous forecast of 5.03 million. The upward revision was driven by lower than prev

Published 04 Mar, 2018 12:00am

Chinese soyabean buyers will cope if US trade spat hits imports

Animal feed makers in China, the world's top soyabean buyer, will find ways to cope if a deepening trade dispute with the United States hurts imports of US oilseed, the chairman of the nation's top feed maker New Hope Group said on Saturday. US President

Published 04 Mar, 2018 12:00am

European wheat rises on poor exports

European wheat prices rose further on Thursday, buoyed by a rally on US markets, though traders said sluggish exports this season will cast a shadow over prices. May milling wheat on Paris-based Euronext settled at 168.75 euros a tonne, up 0.3 percent, ha

Published 04 Mar, 2018 12:00am

Exchange

Asian gold price fall; Indian buyers bet on steeper dip

Physical gold demand in most Asian hubs gained ground this week due to a fall in prices and as activity picked up following regional holidays, although a good portion of consumers in India held off purchases, hoping for a steeper dip in rates. In India, t

Published 04 Mar, 2018 12:00am

Exchange

Chinese steel futures rise

Chinese steel futures rose for a fifth session on Thursday to reach their highest in nearly three months, buoyed by expectations that more northern cities could continue cutting output this year. China's top steelmaking city of Tangshan has proposed fresh

Published 04 Mar, 2018 12:00am

Asian naphtha rises to one month high

Asia's naphtha crack rose for the fifth session running to a one month high of $80.40 a tonne on Thursday, supported by strong demand from North Asia and March cargo volumes from the West lower than in the previous two months. Cargoes arriving from the We

Published 04 Mar, 2018 12:00am

Brazil's soya industry raises 2018 export view

Brazil is expected to export 68 million tonnes of soyabeans in 2018, 3 million tonnes more than a December projection, as a larger crop boosts shipments abroad, soya industry group Abiove said on Thursday. Abiove also raised its view for Brazil's 2017/18

Published 04 Mar, 2018 12:00am

CBOT corn hits highest since August

Chicago Board of Trade corn futures followed a rally in wheat and soyabeans to hit a fresh 6-1/2-month high on Thursday, traders said. Signs of strong export demand also underpinned corn prices. Prices for the most-active CBOT corn contract peaked at $3.8

Published 04 Mar, 2018 12:00am

Brazil to reap benefits from US-China trade tensions

Brazil's position as an agriculture powerhouse may be bolstered by rising trade tensions between the United States and China after US President Donald Trump announced his plan for steel and aluminum tariffs, an official said on Friday. Brazil is the world

Published 04 Mar, 2018 12:00am

Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Thursday after Malaysian palm oil futures inched lower on profit taking and a weaker ringgit. Asking prices for palm oil were between unchanged and $7.50 a tonne lower after Malaysian palm oil future

Published 04 Mar, 2018 12:00am

Cotton

Prices steady on cotton market

Rate of lint cotton showed steady trend on the cotton market on Saturday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 7200, they added. In Sindh, seed cotton prices were at Rs 2400-3000 and in the Punja

Published 04 Mar, 2018 12:00am

Indian rice prices fall to three-week low

Rice prices in top exporter India snapped a three-week losing streak on lower supplies and a slight improvement in demand, while rates for the staple grain eased in Thailand and Vietnam due to lack of deals and the beginning of a new harvest. India's 5 pe

Published 04 Mar, 2018 12:00am

Exchange

Argentina corn, soya ratings slide about 23 points

Crop conditions for drought-battered corn and soyabeans in Argentina fell further this week, and ratings among the top three provinces are now on average about 23 percentage points lower than a month ago. The poor conditions prompted the Buenos Aires Grai

Published 04 Mar, 2018 12:00am

Asia coffee markets tepid amid weak London prices

Asian coffee markets were tepid as weak London prices discouraged Vietnamese farmers from offloading stocks, while Indonesian traders waited for a mini-harvest to gather pace, traders said on Thursday. Farmers in Daklak, Vietnam's main coffee-growing prov

Published 04 Mar, 2018 12:00am

Brazil exports less soya, sugar in February; boosts soyameal, corn

Brazil shipped less soyabeans and sugar to foreign buyers in February compared with the same month a year before, but boosted exports of corn, soyameal and soyaoil, according to official data released on Thursday. Numbers from Brazil's Trade Ministry show

Published 04 Mar, 2018 12:00am

US natural gas: Steel import tariffs may delay new pipeline projects

US natural gas trade groups said on Thursday they are concerned that new US steel import tariffs could delay or reduce new pipeline projects as well as dent exports of liquefied natural gas. US President Donald Trump said on Thursday the United States wil

Published 04 Mar, 2018 12:00am

Exchange

CBOT soyabean futures rally on strong exports

Chicago Board of Trade soyabean futures rallied to their highest since January 2017 on Thursday due to strong export data and falling expectations for the size of the harvest in Argentina, traders said. Prices closed near session highs. The US Agriculture

Published 04 Mar, 2018 12:00am

European gasoline margins decline

Gasoline refining margins in northwest Europe declined on Thursday amid a broad selloff in oil futures. ARA gasoline stocks fell slightly in the week to Thursday to 1.323 million tonnes, with exports to Latin America and the United States rising compared

Published 04 Mar, 2018 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Mar, 2018 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Currency

THE RUPEE: firm trend

The rupee managed to hold its overnight levels firmness versus the dollar on the money market in process of trading, experts said. The rupee did not move any side against the dollar for buying and selling at Rs 111.90 and Rs 112.20 respectively, they said

Published 04 Mar, 2018 12:00am

Currency

THE RUPEE: firm trend

The rupee managed to hold its overnight levels firmness versus the dollar on the money market in process of trading, experts said. The rupee did not move any side against the dollar for buying and selling at Rs 111.90 and Rs 112.20 respectively, they said

Published 04 Mar, 2018 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 03, 2018)

Published 04 Mar, 2018 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 03, 2018).

Published 04 Mar, 2018 12:00am

Land for industrial park: Cabinet reprimands PSM board for creating ''hurdles''

The Cabinet has reportedly reprimanded Pakistan Steel Mills'' (PSM) Board of Directors (BoD) for allegedly creating hurdles in allocation of land to the potential investors and discouraging industrialization in the country, sources close to Additional Sec

Published 04 Mar, 2018 12:00am

Customs Border Complexes at Torkham, Chaman: NLC may be granted contract of construction

The government is expected to grant contract of construction of state-of-the-art Customs Border Complexes at Torkham and Chaman border areas to National Logistic Cell (NLC). Sources told Business Recorder here on Saturday that the Customs Border Co

Published 04 Mar, 2018 12:00am

Customs Border Complexes at Torkham, Chaman: NLC may be granted contract of construction

The government is expected to grant contract of construction of state-of-the-art Customs Border Complexes at Torkham and Chaman border areas to National Logistic Cell (NLC). Sources told Business Recorder here on Saturday that the Customs Border Co

Published 04 Mar, 2018 12:00am

Customs Border Complexes at Torkham, Chaman: NLC may be granted contract of construction

The government is expected to grant contract of construction of state-of-the-art Customs Border Complexes at Torkham and Chaman border areas to National Logistic Cell (NLC). Sources told Business Recorder here on Saturday that the Customs Border Co

Published 04 Mar, 2018 12:00am

North Korea criticises US for attaching preconditions for talks

North Korea on Saturday lambasted the US for attaching preconditions to any dialogue between the states, as Seoul prepares to send an envoy to Pyongyang to help open talks on easing the nuclear stand-off on the peninsula. A spokesperson for the North's fo

Published 04 Mar, 2018 12:00am

North Korea criticises US for attaching preconditions for talks

North Korea on Saturday lambasted the US for attaching preconditions to any dialogue between the states, as Seoul prepares to send an envoy to Pyongyang to help open talks on easing the nuclear stand-off on the peninsula. A spokesperson for the North's fo

Published 04 Mar, 2018 12:00am

China pledges friendship with Taiwan amid tensions over US bill

China wants to deepen friendship with Taiwan, the ruling Communist Party's fourth-ranked leader said on Saturday, a day after state media warned China could go to war over Taiwan if a U.S. bill promoting closer ties with the island becomes law. China has

Published 04 Mar, 2018 12:00am

China pledges friendship with Taiwan amid tensions over US bill

China wants to deepen friendship with Taiwan, the ruling Communist Party's fourth-ranked leader said on Saturday, a day after state media warned China could go to war over Taiwan if a U.S. bill promoting closer ties with the island becomes law. China has

Published 04 Mar, 2018 12:00am

Student who killed parents at US university in custody

A university student who fatally shot his parents on his school campus in the US state of Michigan was arrested without incident after an hours-long manhunt, officials said early Saturday. The episode had put the Central Michigan University campus into lo

Published 04 Mar, 2018 12:00am

Iran says no missile talks unless West gives up its nuclear weapons

Iran's armed forces spokesman said on Saturday that there can be no talks on the country's missile programme without the West's destruction of its nuclear weapons and long-range missiles. "What Americans say out of desperation with regards to limiting the

Published 04 Mar, 2018 12:00am

Iran says no missile talks unless West gives up its nuclear weapons

Iran's armed forces spokesman said on Saturday that there can be no talks on the country's missile programme without the West's destruction of its nuclear weapons and long-range missiles. "What Americans say out of desperation with regards to limiting the

Published 04 Mar, 2018 12:00am

SC seeks complete record of LDA-City project

Chief Justice of Pakistan Mian Saqib Nisar on Saturday sought a complete record of the LDA-City project along with relevant rules which allowed the authority to launch a project under public-private partnership. The bench issued notices to six private com

Published 04 Mar, 2018 12:00am

SC seeks complete record of LDA-City project

Chief Justice of Pakistan Mian Saqib Nisar on Saturday sought a complete record of the LDA-City project along with relevant rules which allowed the authority to launch a project under public-private partnership. The bench issued notices to six private com

Published 04 Mar, 2018 12:00am

SC seeks complete record of LDA-City project

Chief Justice of Pakistan Mian Saqib Nisar on Saturday sought a complete record of the LDA-City project along with relevant rules which allowed the authority to launch a project under public-private partnership. The bench issued notices to six private com

Published 04 Mar, 2018 12:00am

SC seeks complete record of LDA-City project

Chief Justice of Pakistan Mian Saqib Nisar on Saturday sought a complete record of the LDA-City project along with relevant rules which allowed the authority to launch a project under public-private partnership. The bench issued notices to six private com

Published 04 Mar, 2018 12:00am

Two held on charges of money laundering

The Federal Investigation Agency (FIA) has arrested two persons on charges of money laundering. Acting on a tip-off, an FIA official said they constituted a team led by Inspector Majid Khan Niazi and took into custody a passenger, identified as Chaudhry M

Published 04 Mar, 2018 12:00am

Two held on charges of money laundering

The Federal Investigation Agency (FIA) has arrested two persons on charges of money laundering. Acting on a tip-off, an FIA official said they constituted a team led by Inspector Majid Khan Niazi and took into custody a passenger, identified as Chaudhry M

Published 04 Mar, 2018 12:00am

Modarba case: NAB arrests Yasir Aziz

National Accountability Bureau (NAB) Rawalpindi has arrested Yasir Aziz accused of billions of rupees in Modarba case on the charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment. As per details, t

Published 04 Mar, 2018 12:00am

Modarba case: NAB arrests Yasir Aziz

National Accountability Bureau (NAB) Rawalpindi has arrested Yasir Aziz accused of billions of rupees in Modarba case on the charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment. As per details, t

Published 04 Mar, 2018 12:00am

Modarba case: NAB arrests Yasir Aziz

National Accountability Bureau (NAB) Rawalpindi has arrested Yasir Aziz accused of billions of rupees in Modarba case on the charges of corruption, corrupt practices and cheating public at large in the ploy of Islamic mode of investment. As per details, t

Published 04 Mar, 2018 12:00am

Cotton

Over 11.5 million cotton bales reach ginneries

Seed cotton (Phutti) over 11.5 million bales have reached ginneries across the country till Mar 1, 2018, registering an increase by 7.63 per cent as compared to corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginner

Published 04 Mar, 2018 12:00am

Cotton

Over 11.5 million cotton bales reach ginneries

Seed cotton (Phutti) over 11.5 million bales have reached ginneries across the country till Mar 1, 2018, registering an increase by 7.63 per cent as compared to corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginner

Published 04 Mar, 2018 12:00am

Cotton

Over 11.5 million cotton bales reach ginneries

Seed cotton (Phutti) over 11.5 million bales have reached ginneries across the country till Mar 1, 2018, registering an increase by 7.63 per cent as compared to corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginner

Published 04 Mar, 2018 12:00am

German economy minister wants tougher foreign investment rules

Germany''s economy minister on Saturday suggested tightening the rules on foreign investment, following concern over Chinese influence on European firms. Last month it emerged that Chinese billionaire Li Shufu had quietly bought a near 10-percent stake wo

Published 04 Mar, 2018 12:00am

German economy minister wants tougher foreign investment rules

Germany's economy minister on Saturday suggested tightening the rules on foreign investment, following concern over Chinese influence on European firms. Last month it emerged that Chinese billionaire Li Shufu had quietly bought a near 10-percent stake wor

Published 04 Mar, 2018 12:00am

German economy minister wants tougher foreign investment rules

Germany's economy minister on Saturday suggested tightening the rules on foreign investment, following concern over Chinese influence on European firms. Last month it emerged that Chinese billionaire Li Shufu had quietly bought a near 10-percent stake wor

Published 04 Mar, 2018 12:00am

Revenue target should have been raised by 10 percent: FBR chief

Tariq Mahmood Pasha, Chairman Federal Board of Revenue (FBR) has said the budgetary revenue target should have been increased by 10 percent instead of 19.2 percent to fix Rs 4013 billion target for ongoing fiscal year. Speaking at an annual dinner hosted

Published 04 Mar, 2018 12:00am

Imran vows to launch campaign against horse-trading

Pakistan Tehreek-e-Insaf (PTI) chairman, Imran Khan, has warned to begin countrywide campaign to protest against the 'horse-trading' in the Senate elections, Aaj News reported on Saturday. His reaction came after Pakistan Peoples Party managed to get tow

Published 04 Mar, 2018 12:00am

Imran vows to launch campaign against horse-trading

Pakistan Tehreek-e-Insaf (PTI) chairman, Imran Khan, has warned to begin countrywide campaign to protest against the 'horse-trading' in the Senate elections, Aaj News reported on Saturday. His reaction came after Pakistan Peoples Party managed to get tow

Published 04 Mar, 2018 12:00am

Soomro, Kundi in Quetta to woo Senators-elect

Dr Abdul Qayoom Soomro, a close confidant of PPP Parliamentarians president Asif Ali Zardari and Faisal Kareem Kundi, former deputy speaker National Assembly, have reached Quetta to woo Senators-elect from Balochistan in support of Pakistan People's Party

Published 04 Mar, 2018 12:00am

Soomro, Kundi in Quetta to woo Senators-elect

Dr Abdul Qayoom Soomro, a close confidant of PPP Parliamentarians president Asif Ali Zardari and Faisal Kareem Kundi, former deputy speaker National Assembly, have reached Quetta to woo Senators-elect from Balochistan in support of Pakistan People's Party

Published 04 Mar, 2018 12:00am

Exchange

Companies (Inc.) rules: SECP places more requirements for foreign subscribers

The Securities and Exchange Commission of Pakistan (SECP) has decided to place additional requirements and documentations for foreign companies operating in Pakistan by seeking additional information from foreign subscribers including foreign companies or

Published 04 Mar, 2018 12:00am

Exchange

Companies (Inc.) rules: SECP places more requirements for foreign subscribers

The Securities and Exchange Commission of Pakistan (SECP) has decided to place additional requirements and documentations for foreign companies operating in Pakistan by seeking additional information from foreign subscribers including foreign companies or

Published 04 Mar, 2018 12:00am

Exchange

Companies (Inc.) rules: SECP places more requirements for foreign subscribers

The Securities and Exchange Commission of Pakistan (SECP) has decided to place additional requirements and documentations for foreign companies operating in Pakistan by seeking additional information from foreign subscribers including foreign companies or

Published 04 Mar, 2018 12:00am

July-January services trade posts $3 billion deficit

The country's services trade posted some $3 billion deficit during the first seven months of this fiscal year (FY18). Although services exports performed well and posted 5 percent growth during this fiscal year, however, the higher services import bill of

Published 04 Mar, 2018 12:00am

July-January services trade posts $3 billion deficit

The country's services trade posted some $3 billion deficit during the first seven months of this fiscal year (FY18). Although services exports performed well and posted 5 percent growth during this fiscal year, however, the higher services import bill of

Published 04 Mar, 2018 12:00am

July-January services trade posts $3 billion deficit

The country''s services trade posted some $3 billion deficit during the first seven months of this fiscal year (FY18). Although services exports performed well and posted 5 percent growth during this fiscal year, however, the higher services import bill o

Published 04 Mar, 2018 12:00am

Revenue target should have been raised by 10 percent: FBR chief

Tariq Mahmood Pasha, Chairman Federal Board of Revenue (FBR) has said the budgetary revenue target should have been increased by 10 percent instead of 19.2 percent to fix Rs 4013 billion target for ongoing fiscal year. Speaking at an annual dinner hosted

Published 04 Mar, 2018 12:00am

Revenue target should have been raised by 10 percent: FBR chief

Tariq Mahmood Pasha, Chairman Federal Board of Revenue (FBR) has said the budgetary revenue target should have been increased by 10 percent instead of 19.2 percent to fix Rs 4013 billion target for ongoing fiscal year. Speaking at an annual dinner hosted

Published 04 Mar, 2018 12:00am

Punjab government's media drive amounts to pre-poll rigging: SC

Chief Justice of Pakistan Mian Saqib Nisar on Saturday taking notice of media campaign of Punjab government's 'performance' observed that since the general elections were around the corner such media campaigns amounted to pre-poll rigging. The chief justi

Published 04 Mar, 2018 12:00am

Land for industrial park: Cabinet reprimands PSM board for creating 'hurdles'

The Cabinet has reportedly reprimanded Pakistan Steel Mills' (PSM) Board of Directors (BoD) for allegedly creating hurdles in allocation of land to the potential investors and discouraging industrialization in the country, sources close to Additional Secr

Published 04 Mar, 2018 12:00am

Land for industrial park: Cabinet reprimands PSM board for creating 'hurdles'

The Cabinet has reportedly reprimanded Pakistan Steel Mills' (PSM) Board of Directors (BoD) for allegedly creating hurdles in allocation of land to the potential investors and discouraging industrialization in the country, sources close to Additional Secr

Published 04 Mar, 2018 12:00am

China''''s foreign minister slams Trump tariffs: report

China''''s foreign minister tore into the new steel and aluminium tariffs announced by US President Trump, calling them "groundless" in remarks to state media Saturday. "The American action to put sanctions on other countries'''' reasonable steel and alum

Published 04 Mar, 2018 12:00am

China''s foreign minister slams Trump tariffs: report

China''s foreign minister tore into the new steel and aluminium tariffs announced by US President Trump, calling them "groundless" in remarks to state media Saturday. "The American action to put sanctions on other countries'' reasonable steel and aluminiu

Published 04 Mar, 2018 12:00am

China's foreign minister slams Trump tariffs: report

China's foreign minister tore into the new steel and aluminium tariffs announced by US President Trump, calling them "groundless" in remarks to state media Saturday. "The American action to put sanctions on other countries' reasonable steel and aluminium

Published 04 Mar, 2018 12:00am

China's foreign minister slams Trump tariffs: report

China's foreign minister tore into the new steel and aluminium tariffs announced by US President Trump, calling them "groundless" in remarks to state media Saturday. "The American action to put sanctions on other countries' reasonable steel and aluminium

Published 04 Mar, 2018 12:00am

PPP cashes in on MQM disarray in Sindh: Punjab, Islamabad firmly back PML-N

The independent candidates backed by ruling Pakistan Muslim League-Nawaz (PML-N) clinched majority of seats in Punjab and the federal capital followed by PPP which emerged as the principal seat winning party from Sindh, while PTI stood third by getting it

Published 04 Mar, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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