News Archives for Print - 2018-03-08

Senate employees: Rabbani announces one month salary as honorarium

Chairman Senate Mian Raza Rabbani here on Wednesday announced one month pay as honorariums to employees of the Senate. The chairman made the announcement on the request of Senator Kamil Ali Agha.

Published 08 Mar, 2018 12:00am

Currency

THE RUPEE: rates slip

The rupee depreciated against the dollar on the money market on Wednesday in process of trading, experts said. The rupee almost maintained the overnight levels versus the dollar for buying and selling at Rs 110.57 and Rs 110.58, they said.

Published 08 Mar, 2018 12:00am

Eight projects worth Rs 80.13 billion approved by Ecnec

A meeting of the Executive Committee of National Economic Council (Ecnec) approved Rs 80.13 billion for eight projects of power, communication and social sectors on Wednesday. The meeting presided over by Prime Minister Shahid Khaqan Abbasi was submitted

Published 08 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 Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

Eight projects worth Rs 80.13 billion approved by Ecnec

A meeting of the Executive Committee of National Economic Council (Ecnec) approved Rs 80.13 billion for eight projects of power, communication and social sectors on Wednesday. The meeting presided over by Prime Minister Shahid Khaqan Abbasi was submitted

Published 08 Mar, 2018 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

NEC approves SDGs framework, provisional targets

The National Economic Council (NEC) Wednesday approved Sustainable Development Goals (SDGs) national framework and provisional sustainable development goals and targets. A meeting of the NEC presided over by Prime Minister Shahid Khaqan Abbasi advised the

Published 08 Mar, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

NEC approves SDGs framework, provisional targets

The National Economic Council (NEC) Wednesday approved Sustainable Development Goals (SDGs) national framework and provisional sustainable development goals and targets. A meeting of the NEC presided over by Prime Minister Shahid Khaqan Abbasi advised the

Published 08 Mar, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

NEC approves SDGs framework, provisional targets

The National Economic Council (NEC) Wednesday approved Sustainable Development Goals (SDGs) national framework and provisional sustainable development goals and targets. A meeting of the NEC presided over by Prime Minister Shahid Khaqan Abbasi advised the

Published 08 Mar, 2018 12:00am

Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

EU warns Trump of trade war, China raises concerns at WTO

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary

Published 08 Mar, 2018 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

EU warns Trump of trade war, China raises concerns at WTO

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary

Published 08 Mar, 2018 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 07, 2018)

Published 08 Mar, 2018 12:00am

EU warns Trump of trade war, China raises concerns at WTO

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary

Published 08 Mar, 2018 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

Used imported cars: no consensus on strategy

An inter-ministerial meeting held in Commerce Division has reportedly failed to evolve consensus on future strategy regarding enforcement of new requirement on import of used cars. The meeting was attended by the representatives of Commerce Division, Mini

Published 08 Mar, 2018 12:00am

Exchange

LME official prices

The following were Tuesday official prices.

Published 08 Mar, 2018 12:00am

Used imported cars: no consensus on strategy

An inter-ministerial meeting held in Commerce Division has reportedly failed to evolve consensus on future strategy regarding enforcement of new requirement on import of used cars. The meeting was attended by the representatives of Commerce Division, Mini

Published 08 Mar, 2018 12:00am

Exchange

LME official prices

The following were Tuesday official prices.

Published 08 Mar, 2018 12:00am

Used imported cars: no consensus on strategy

An inter-ministerial meeting held in Commerce Division has reportedly failed to evolve consensus on future strategy regarding enforcement of new requirement on import of used cars. The meeting was attended by the representatives of Commerce Division, Mini

Published 08 Mar, 2018 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 07, 2018).

Published 08 Mar, 2018 12:00am

Exchange

BRIndex100 stays bearish

Due to selling in various sectors, a bearish trend continued on Pakistan Stock Exchange Wednesday. BRIndex100 lost 32.61 points or 0.69 percent to close at 4,676.84 points. BRIndex100 touched intraday high of 4,712.52 and intraday low of 4,674.15 points.

Published 08 Mar, 2018 12:00am

The Weather

The weather report on Wednesday (March 07, 2018) and the forecast for Thursday (March 08, 2018).

Published 08 Mar, 2018 12:00am

Exchange

BRIndex100 stays bearish

Due to selling in various sectors, a bearish trend continued on Pakistan Stock Exchange Wednesday. BRIndex100 lost 32.61 points or 0.69 percent to close at 4,676.84 points. BRIndex100 touched intraday high of 4,712.52 and intraday low of 4,674.15 points.

Published 08 Mar, 2018 12:00am

Exchange

BRIndex100 stays bearish

Due to selling in various sectors, a bearish trend continued on Pakistan Stock Exchange Wednesday. BRIndex100 lost 32.61 points or 0.69 percent to close at 4,676.84 points. BRIndex100 touched intraday high of 4,712.52 and intraday low of 4,674.15 points.

Published 08 Mar, 2018 12:00am

Exchange

IMF concerned at grave risks to outlook

The International Monetary Fund (IMF) has expressed concern over weakening macroeconomic situation, decline in foreign exchange reserves, and increased risks to Pakistan's economic and financial outlook and its medium-term debt sustainability. The IMF Exe

Published 08 Mar, 2018 12:00am

Exchange

IMF concerned at grave risks to outlook

The International Monetary Fund (IMF) has expressed concern over weakening macroeconomic situation, decline in foreign exchange reserves, and increased risks to Pakistan's economic and financial outlook and its medium-term debt sustainability. The IMF Exe

Published 08 Mar, 2018 12:00am

Exchange

IMF concerned at grave risks to outlook

The International Monetary Fund (IMF) has expressed concern over weakening macroeconomic situation, decline in foreign exchange reserves, and increased risks to Pakistan''s economic and financial outlook and its medium-term debt sustainability. The IMF Ex

Published 08 Mar, 2018 12:00am

FBR freezes bank accounts of NTDC

The Federal Board of Revenue (FBR) took action against National Transmission and Despatch Company (NTDC) by freezing its account on Wednesday on account of a pending tax liability. However, there was no immediate confirmation about the actual tax liabilit

Published 08 Mar, 2018 12:00am

SHC seeks detail of Thar Coal Project contracts

The Sindh High Court (SHC) on Wednesday directed the provincial government to submit comprehensive report regarding the contracts of Sindh Thar Engro Coal Power Project which were allegedly awarded to some blue-eyed companies. Hearing the petition filed b

Published 08 Mar, 2018 12:00am

SHC seeks detail of Thar Coal Project contracts

The Sindh High Court (SHC) on Wednesday directed the provincial government to submit comprehensive report regarding the contracts of Sindh Thar Engro Coal Power Project which were allegedly awarded to some blue-eyed companies. Hearing the petition filed b

Published 08 Mar, 2018 12:00am

SHC dismisses Petition

The Sindh High Court (SHC) on Wednesday threw out a petition assailing the current procedure of legislators' oath taking and requesting it to make mandatory for lawmakers to take oath by saying 'I swear by Allah'. The SHC bench also imposed a fine of Rs 5

Published 08 Mar, 2018 12:00am

First-ever container vessel MS Tiger arrives at Gwadar Port

The first ever container vessel MS TIGER under China Pakistan Economic Corridor (CPEC) project Wednesday arrived at Gwadar Port, said a press release issued here by directorate of public relations of Pakistan Navy. Pakistan Navy Ships PNS DEHSHAT and KARA

Published 08 Mar, 2018 12:00am

First-ever container vessel MS Tiger arrives at Gwadar Port

The first ever container vessel MS TIGER under China Pakistan Economic Corridor (CPEC) project Wednesday arrived at Gwadar Port, said a press release issued here by directorate of public relations of Pakistan Navy. Pakistan Navy Ships PNS DEHSHAT and KARA

Published 08 Mar, 2018 12:00am

First-ever container vessel MS Tiger arrives at Gwadar Port

The first ever container vessel MS TIGER under China Pakistan Economic Corridor (CPEC) project Wednesday arrived at Gwadar Port, said a press release issued here by directorate of public relations of Pakistan Navy. Pakistan Navy Ships PNS DEHSHAT and KARA

Published 08 Mar, 2018 12:00am

Nehal issued contempt notice, again

Another contempt of court notice was issued to Pakistan Muslim League-Nawaz leader Nehal Hashmi for using abusive language against the judges of the apex court. The former senator PML-N after his release from Adiala Jail, where he served one month sentenc

Published 08 Mar, 2018 12:00am

Nehal issued contempt notice, again

Another contempt of court notice was issued to Pakistan Muslim League-Nawaz leader Nehal Hashmi for using abusive language against the judges of the apex court. The former senator PML-N after his release from Adiala Jail, where he served one month sentenc

Published 08 Mar, 2018 12:00am

Exchange

Investment schemes: SECP allows AMCs to charge management fee

The Securities and Exchange Commission of Pakistan (SECP) has allowed Asset Management Companies (AMCs) to charge management fee up to one percent of average annual net assets of money market component invested in saving accounts and term deposits. This i

Published 08 Mar, 2018 12:00am

Exchange

Investment schemes: SECP allows AMCs to charge management fee

The Securities and Exchange Commission of Pakistan (SECP) has allowed Asset Management Companies (AMCs) to charge management fee up to one percent of average annual net assets of money market component invested in saving accounts and term deposits. This i

Published 08 Mar, 2018 12:00am

Exchange

Investment schemes: SECP allows AMCs to charge management fee

The Securities and Exchange Commission of Pakistan (SECP) has allowed Asset Management Companies (AMCs) to charge management fee up to one percent of average annual net assets of money market component invested in saving accounts and term deposits. This i

Published 08 Mar, 2018 12:00am

SC rejects anchorperson's apology

Anchorperson Dr Shahid Masood Wednesday twice tendered an unconditional apology as his claims proved to be false but the Supreme Court turned his request down. Chief Justice Mian Saqib Nisar, heading a three-member bench which heard the suo motu case, tur

Published 08 Mar, 2018 12:00am

SC rejects anchorperson's apology

Anchorperson Dr Shahid Masood Wednesday twice tendered an unconditional apology as his claims proved to be false but the Supreme Court turned his request down. Chief Justice Mian Saqib Nisar, heading a three-member bench which heard the suo motu case, tur

Published 08 Mar, 2018 12:00am

Iran signs deal with China to connect key port to rail network

China will build a train line connecting the Iranian port of Bushehr to the rest of the country's railway network under a $700 million deal signed on Wednesday. The agreement was inked in Tehran in the presence of Iranian Transport Minister Abbas Akhoundi

Published 08 Mar, 2018 12:00am

NAB launches inquiry into BoP affairs

NAB Rawalpindi has started an inquiry against the authorities of the Bank of Punjab on the direction of Chairman NAB Justice Javed Iqbal for allegedly misusing authority and causing loss to national exchequer, said a press release issued here on Wednesday

Published 08 Mar, 2018 12:00am

NAB launches inquiry into BoP affairs

NAB Rawalpindi has started an inquiry against the authorities of the Bank of Punjab on the direction of Chairman NAB Justice Javed Iqbal for allegedly misusing authority and causing loss to national exchequer, said a press release issued here on Wednesday

Published 08 Mar, 2018 12:00am

Airbus to axe 3,700 jobs in Europe

Aircraft giant Airbus is to axe around 3,700 jobs in Europe as it cuts back production of its A380 and A400M planes, the company and a trade union said Wednesday.

Published 08 Mar, 2018 12:00am

Airbus to axe 3,700 jobs in Europe

Aircraft giant Airbus is to axe around 3,700 jobs in Europe as it cuts back production of its A380 and A400M planes, the company and a trade union said Wednesday.

Published 08 Mar, 2018 12:00am

Airbus to axe 3,700 jobs in Europe

Aircraft giant Airbus is to axe around 3,700 jobs in Europe as it cuts back production of its A380 and A400M planes, the company and a trade union said Wednesday.

Published 08 Mar, 2018 12:00am

LDs: PPIB for out-of-court settlement with IPPs

The Private Power & Infrastructure Board (PPIB) has reportedly proposed to the Cabinet Committee on Energy (CCoE) that an out of court settlement be agreed with Independent Power Producers (IPPs) on Liquidated Damages (LDs), well informed sources told

Published 08 Mar, 2018 12:00am

LDs: PPIB for out-of-court settlement with IPPs

The Private Power & Infrastructure Board (PPIB) has reportedly proposed to the Cabinet Committee on Energy (CCoE) that an out of court settlement be agreed with Independent Power Producers (IPPs) on Liquidated Damages (LDs), well informed sources told
Published 08 Mar, 2018 12:00am

Five banks open up trillion dollar gold club

The five banks that settle every transaction in London's $6.8 trillion a year gold market are changing the rules of their clearing house to make it easier for newcomers to join. The reform is part of a broad overhaul of institutions that underpin the worl
Published 08 Mar, 2018 12:00am

Five banks open up trillion dollar gold club

The five banks that settle every transaction in London''s $6.8 trillion a year gold market are changing the rules of their clearing house to make it easier for newcomers to join. The reform is part of a broad overhaul of institutions that underpin the wor
Published 08 Mar, 2018 12:00am

Unprecedented rise in domestic debt

The Pakistan Peoples' Party Senator, Sherry Rehman, stated on the floor of the House that domestic borrowing is over 16 trillion rupees, more than the total annual budget outlay for the year. The Economic Survey 2016-17, released by the Economic Advisor's
Published 08 Mar, 2018 12:00am

Creating equal opportunities for women

Although Pakistani women's participation in different fields of national endeavour has increased significantly during the last two decades, for the vast majority social barriers and prejudices continue to hamper equal opportunities. No wonder a case study
Published 08 Mar, 2018 12:00am

Sense sensitive

It was rather amusing, during coffee table discussions, to find out that there are those who believe that being on the Grey List is not a worrying development - the layman view from my previous article; been there seen that! Frankly, I had never even thou
Published 08 Mar, 2018 12:00am

Why take selective notice of corruption?

Three major parties have cried foul at the Senate election results; not without reason, though. In Punjab, the ruling PML-N's stronghold, despite being short of the necessary number of votes PTI's Chaudhry Sarwar has won. Even the PPP with just five MPAs
Published 08 Mar, 2018 12:00am

To achieve gender equality, we need women entrepreneurs

In 2018, we have an opportunity to accelerate progress towards gender equality. Movements such as MeToo have spotlighted the unacceptable status quo and demonstrated how too many women the world over continue to be deprived of respect and equal opportunit
Published 08 Mar, 2018 12:00am

A blessing in disguise

Rising imports that have adversely affected the external account constitute a blessing in disguise for our country's taxmen. Dr Hafiz Pasha, a noted economist, has pointed out in his last Business Recorder op-ed that "Therefore, while the burgeonin
Published 08 Mar, 2018 12:00am

Around 200 startup projects displayed at PU show

As many as 500 indigenous technologies, with around 200 startup projects, were put on display at 7th Invention to Innovation Summit organized by Punjab University Office of Research, Innovation and Commercialization in collaboration with Pakistan Science
Published 08 Mar, 2018 12:00am

PML-N government restored peace: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif said on Wednesday that load shedding has been controlled and peace has also been restored to the country due to untiring efforts of the PML-N government. The PML-N will achieve success in the elections of 2018
Published 08 Mar, 2018 12:00am

Memo Commission report: government given five days to register case against Haqqani

The Supreme Court on Wednesday granted five days to the federal government to register a case against former Pakistan Ambassador to the United States Husain Haqqani. Haqqani, who was declared accused in the Memo Commission report, had left Pakistan with t
Published 08 Mar, 2018 12:00am

Imran delivers sermons on democracy yet refrain from casting vote: Marriyum

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb talking to media outside the Ehtesab Court here Wednesday said that Imran delivered sermons on democracy from all over the world but when it came to
Published 08 Mar, 2018 12:00am

Iranian FM due on March 11

Iranian Foreign Minister Javad Zarif will arrive here on a three-day official visit on Sunday for holding talks with Pakistani leadership on issues of mutual interest, including the regional situation. During his stay from March 11 to 13, Foreign Minister
Published 08 Mar, 2018 12:00am

PML-N ready to join hands against menace of horse-trading: Nawaz

Former Prime Minister and Quaid of Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif on Wednesday said that his party is ready to devise a strategy against horse-trading along with other political parties which believe that there was horse-trading in the
Published 08 Mar, 2018 12:00am

Political engineering not good omen for 'finest army': Mashhadi

Outgoing MQM Senator Colonel Syed Tahir Mashhadi (retd) on Wednesday bid adieu to Senate with a scathing attack on the military, saying its alleged involvement in enforced disappearance of citizens coupled with behind the scene political engineering and m
Published 08 Mar, 2018 12:00am

Panama JIT misled SC: Daniyal

Federal Minister for Privatisation Daniyal Aziz has claimed that the joint investigation team (JIT) on Panama Papers case had misled judiciary. Speaking at a press conference here on Wednesday, Aziz claimed that UK forensic expert Robert Radley has alread
Published 08 Mar, 2018 12:00am

US MIDDAY: Wheat, soya futures down

Chicago wheat, corn and soyabean futures were mostly lower on Wednesday as investors squared up their positions ahead of a monthly US Department of Agriculture report due on Thursday, traders said. Prices for each crop have cooled from last week's multi-m
Published 08 Mar, 2018 12:00am

FFC Day

Every year 8th of March is celebrated as Fauji Fertilizer Company's (FFCL) raising day in commemoration of the day when the foundation stone of its first fertilizer plant was laid at Goth Machhi in 1979. Since then, the company has continued to grow and h
Published 08 Mar, 2018 12:00am

Italian Navy chief meets CNS

Chief of the Italian Navy, Admiral Valter Girardelli visited Naval Headquarters Islamabad and called on Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi. On arrival at Naval Headquarters, the dignitary was received by Chief of the Naval Staff. A sma
Published 08 Mar, 2018 12:00am

Chinese firm provides 34 vehicles for cleaning work

A Chinese firm has provided as many as 34 new vehicles which include 20 loaders, 10 dumpers and four motor tri-cycles for cleaning work in the districts of East and South of the metropolis. The vehicles are provided by the Chinese firm through the Sindh S
Published 08 Mar, 2018 12:00am

Import, export, transit-related regulatory requirements: national single window to be set up at FBR: Afzal

Minister of State for Finance Rana Muhammad Afzal Khan on Wednesday said that National Single Window (NSW) will be set up at Federal Board of Revenue (FBR) in one to two years. The project has been designed so that all parties involved in trade and transp
Published 08 Mar, 2018 12:00am

NSW for importers, exporters depends on five factors

The smooth implementation of National Single Window (NSW) for importers and exporters would depend on five critical factors ie financial resources, strong government and management support, Federal Board of Revenue (FBR) coordination with other department
Published 08 Mar, 2018 12:00am

LHC issues notices to ECP in plea against horse-trading

The Lahore High Court Wednesday issued notices to the Election Commission of Pakistan for April 02 in a petition against alleged horse trading in Senate polls. Former secretary Election Commission of Pakistan Kanwar Dilshad through his counsel Baqir Hussa
Published 08 Mar, 2018 12:00am

International Women's Day: NCSW celebrates achievements of Pakistani women

The National Commission on the Status of Women (NCSW) celebrates the achievements of Pakistani women on this International Women's Day besides reiterating its commitment to continue struggling for a democratic, just, peaceful and tolerant society free of
Published 08 Mar, 2018 12:00am

UBL, Teradata collaborate on customer profitability analytics

UBL and its technology partner Teradata recently celebrated the successful rollout of customer profitability analytics through the implementation of the Enterprise Data Warehouse. Through this project, UBL will be able to gauge performance of individual c
Published 08 Mar, 2018 12:00am

Non-conformity brands seized from store

Pakistan Standards and Quality Control Authority (PSQCA) on Wednesday claimed to have seized over a dozen of 'non conformity' brands from Chase Departmental Store located on Jail Road area of metropolis. The PSQCA spokesman said Conformity Assessment Sout
Published 08 Mar, 2018 12:00am

China continues to support Pakistan on counter-terrorism

China reiterated its support to Pakistan on issue of counter-terrorism, stating they will oppose the use of finance as a political measure to put pressure on Pakistan. "We urge the international community too, objectively and justly treat the Pakistani an
Published 08 Mar, 2018 12:00am

Exchange
Rice Glucose manufacturing Plant: Matco Foods signs agreement with Beijing Meckey

Matco Foods Limited has signed an agreement with Beijing Meckey Engineering Co for supply of Rice Glucose manufacturing plant with the capacity of 20,000 metric tons per year. This new expansion will increase the total production capacity of the Matco Ric
Published 08 Mar, 2018 12:00am

Cotton
Non-fixation of sugarcane price irks Senate panel

The Senate Standing Committee on National Food Security and Research has expressed serious concern and disappointment over the fact that all the provincial governments remained unable to implement minimum price of sugarcane fixed by Sindh High Court. The
Published 08 Mar, 2018 12:00am

MQM-P (Bahadurabad group) suggests Farogh's name for Senate's top slot

The Bahadurabad faction of Muttahida Qaumi Movement-Pakistan (MQM-P) Wednesday suggested Barrister Farogh Naseem's name for Senate chairmanship. Speaking to media outside the Election Commission of Pakistan (ECP), Khalid Maqbool Siddiqui said there would
Published 08 Mar, 2018 12:00am

First Dalit woman senator to champion girls' education

As the first woman senator from Pakistan's lowest Dalit caste, Krishna Kumari Kohli has an ambitious to-do list, from tackling honour killings to kidnappings and child marriage. But for the former child bride from a poor Hindu family, the need to improve
Published 08 Mar, 2018 12:00am

LHC concerned over release of picture of Cheema

The Lahore High Court on Wednesday expressed concern over the release of a picture of Lahore Development Authority former DG Ahad Khan Cheema standing behind the bars in the National Accountability Bureau (NAB) office who is on physical remand till March
Published 08 Mar, 2018 12:00am

Four dacoits held

Consistent efforts and pursuance of case by OPC)Punjab has bear fruit and police have arrested four dacoits involved in robbery incident in the house of an expatriate Pakistani and recovered booty. Vice Chairperson OPC, Sheheen Khalid Butt and Commissione
Published 08 Mar, 2018 12:00am

US MIDDAY: gold slips

Gold prices slipped on Wednesday after hitting a one-week high on news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar. Market watchers said the departure of economic adviser
Published 08 Mar, 2018 12:00am

Exchange
Tokyo rubber slips

Benchmark Tokyo rubber futures slipped on Wednesday, dragged down by weaker Shanghai futures, and a stronger yen against the US dollar that makes yen-denominated assets less affordable when purchased in other currencies. The Tokyo Commodity Exchange (TOCO
Published 08 Mar, 2018 12:00am

Fresh arson attacks in Sri Lanka despite emergency laws

Mobs torched Muslim-owned businesses in a central Sri Lanka district on Wednesday as hundreds of police and troops struggled to restore order after days of rioting. The soldiers poured into Kandy to reinforce police but arson attacks persisted even though
Published 08 Mar, 2018 12:00am

UK police 'know more' about substance involved in Russia spy mystery

Britain on Wednesday said it was closer to identifying the substance used in the suspected poisoning of a former Russian double-agent, as Moscow accused politicians and journalists of whipping up anti-Russian sentiment. Interior minister Amber Rudd said p
Published 08 Mar, 2018 12:00am

Porn star sues Trump over 'hush' deal

A porn star sued President Donald Trump on Tuesday to declare a "hush agreement" over their alleged affair invalid because he never signed it, documents say. Los Angeles lawyer Michael Avenatti posted on his Twitter account a copy of what appears to be th
Published 08 Mar, 2018 12:00am

Currency
Trump economic adviser Cohn quits

Gary Cohn, the top economic adviser to US President Donald Trump and a voice for Wall Street in the White House, said on Tuesday he would resign, a move that came after he lost a fight over Trump's plans for hefty steel and aluminium import tariffs. The d
Published 08 Mar, 2018 12:00am

UK rolls out red carpet for Saudi crown prince amid protests

Britain's Queen Elizabeth II welcomed Saudi Crown Prince Mohammed bin Salman on Wednesday at the start of a controversial state visit, where he will face questions over his country's involvement in the Yemen war. The crown prince lunched with the queen at
Published 08 Mar, 2018 12:00am

Exchange
Shanghai copper rises

Shanghai Futures Exchange copper closed 0.3 percent higher at 52,480 yuan ($8,299.33) a tonne on Wednesday on the resignation of Gary Cohn, a key advocate for free trade in the White House, rekindling fears US President Donald Trump would go ahead with ta
Published 08 Mar, 2018 12:00am

Exchange
Aluminium at lowest since December, copper slips

Aluminium prices slid on Wednesday to near three-month lows as the prospect of US tariffs were bolstered by the resignation of a key advocate for free trade, while base metals generally came under pressure from worries about a trade war. Benchmark alumini
Published 08 Mar, 2018 12:00am

Oil prices fall as financial markets slip

Oil prices fell on Wednesday as financial markets slid amid concerns that Washington's plans for import tariffs could spark a trade war, and after US government data showed an increase in crude inventories and output. West Texas Intermediate (WTI) crude f
Published 08 Mar, 2018 12:00am

Gold down in Asia

Gold prices slipped on Wednesday after hitting a one-week high earlier as the dollar weakened and equities dropped after US President Donald Trump said he would push ahead with punitive tariffs on imports, rekindling fears of a potential trade war. Spot g
Published 08 Mar, 2018 12:00am

Gold surges in New York

Gold prices rose more than 1 percent on Tuesday as the US dollar slid after North Korea signaled that it is open to nuclear talks and investors worried about aggressive US trade policy. The greenback hit a two-week low as traders bet on riskier currencies
Published 08 Mar, 2018 12:00am

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

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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