News Archives for Print - 2018-03-31

The Jubilee Insurance Cup 2018 is set to spark excitement among the cricket loving nation with the T20 cricket series just around the corner. Jubilee Insurance is the title sponsor of this upcoming event being played between Pakistan and West Indies. This

Published 31 Mar, 2018 12:00am

NAB arrests former CEO NTDC in corruption case

The National Accountability Bureau (NAB) Lahore has taken custody of the former Chief Executive Officer (CEO), National Transmission and Dispatch Company (NTDC), Rasul Khan Mahsud in a case involving misuse of authority by criminal breach of trust and cau

Published 31 Mar, 2018 12:00am

LHWs end protest after acceptance of demands

The lady health workers (LHW) Friday ended their five-day long protest at The Mall after the government accepted their demands. The protesting LHWs had earlier warned of stopping the metro bus service if a notification for their service structure is not i

Published 31 Mar, 2018 12:00am

Customs official held in betel leaf import scam

The National Accountability Bureau (NAB) has achieved breakthrough in the 'betel leaf import scam' as they arrested a former customs official Muhammad Sohail Butt from Sialkot who was wanted by the NAB since long.

Published 31 Mar, 2018 12:00am

Government targeting courts, says Mazari

Pakistan Tehreek-e-Insaf (PTI) senior leader Dr Shireen Mazari has said that self-proclaimed 'popular' rulers have seen the mood of the people and they know the outcome of the forthcoming general elections. She expressed these views while addressing the f

Published 31 Mar, 2018 12:00am

Exchange

Five-year STF being planned to achieve exports target: Dagha

Federal Secretary Commerce Younus Dagha has said that high cost of doing business and issues of market access and exchange rate are hindering the Pakistan exports growth but the government is working to resolve these problems. He said that the government

Published 31 Mar, 2018 12:00am

Imran lost his creditability by speaking lies: Shahbaz

Punjab Chief Minister Shahbaz Sharif has claimed that Imran Niazi has lost his creditability in the public by speaking lies and continued indulgence in baseless allegations. "Our life and death is meant for Pakistan and we will continue to serve the natio

Published 31 Mar, 2018 12:00am

Efforts afoot to improve Faislabad's traffic system

Arrangements are afoot to improve and streamline the 'Traffic System' in populous industrial and business hub of Faisalabad by implementing a number of constructive schemes with financial assistance of the Faisalabad Municipal Corporation and other local

Published 31 Mar, 2018 12:00am

Exchange

Dera Ghazi Khan: PM to inaugurate work on two road projects today

Prime Minister Shahid Khaqan Abbasi will inaugurate work on two road projects in Dera Ghazi Khan today (Saturday). The projects include construction of Northern Bypass and Rakhi Gajj Bewata Section-1, and they will be completed with an estimated cost of R

Published 31 Mar, 2018 12:00am

Karandaaz Pakistan provides grants to some of most innovative ideas

Grantees of Karandaaz Pakistan FinTech Disrupt Challenge showcased innovative technology-based solutions for financial sector. Karandaaz Pakistan has been successfully running its annual FinTech Disrupt Challenge since 2016 and provided grants to some of

Published 31 Mar, 2018 12:00am

SMEDA assures resolution of Chitrali traders' problems

General Manager (GM), Small and Medium Enterprises Development Authority (SMEDA), Javed Iqbal Khattak has said that a team of the authority would soon visit Chitrali Bazaar to study the business of Chitrali community and draft recommendations for bringing

Published 31 Mar, 2018 12:00am

Three-day Millennial Olympiad-2018 launched

Over 20 educational institutions from 10 cities are actively taking part in the Millennial Olympiad-2018 launched here on Friday, providing a unique opportunity to young students to participate in wide range of competitions including creative writing. The

Published 31 Mar, 2018 12:00am

Exchange

SECP proposes new incentives to Shariah compliant companies

Securities and Exchange Commission of Pakistan (SECP) has strongly proposed new incentives to Shariah compliant companies to encourage listing on Pakistan Stock Exchange (PSX) in coming budget (2018-19). According to the SECP's budget proposals for 2018-1

Published 31 Mar, 2018 12:00am

Key to achieve seven percent growth rate lies in strengthening manufacturing base: Akhtar

Special Assistant to the Prime Minister on Revenue/Federal Minister Senator Haroon Akhtar Khan has said the government is aware of the need to strengthen and enhance the manufacturing base which holds the key to achieving 7 percent growth in the coming ye

Published 31 Mar, 2018 12:00am

Mutual Funds

Applicability of minimum tax: SECP proposes exemption to private funds

Securities and Exchange Commission of Pakistan (SECP) has proposed exemption to private funds from the applicability of minimum tax under Income Tax Ordinance 2001 in coming budget (2018-19). According to the budget proposals of the SECP for 2018-19, the

Published 31 Mar, 2018 12:00am

UN blacklists dozens of ships, businesses over North Korea smuggling

The UN Security Council on Friday blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions, keeping the pressure on Pyongyang despite its recent diplomatic opening to talks, a diplomat said. Acting on a request fro

Published 31 Mar, 2018 12:00am

Turkey snubs French mediation offer with Kurdish militia

Turkey on Friday rejected a French offer to mediate with the Syrian Democratic Forces which is dominated by a Kurdish militia blacklisted by Ankara, condemning Paris' "wrong stance". French President Emmanuel Macron offered late on Thursday to facilitate

Published 31 Mar, 2018 12:00am

Gunmen kill six miners in northern Nigeria

Armed bandits killed six miners in northern Nigeria's Kaduna state, police said on Friday, an area beset with ethnic and religious tensions with frequent clashes between farmers and herders. "Some unknown gunmen killed six people - four men and two women

Published 31 Mar, 2018 12:00am

Myanmar president pledges to amend army-scripted Constitution

Myanmar's new president promised to amend the country's army-written constitution in an inaugural speech Friday, challenging a charter that bans Aung San Suu Kyi from top office and gives the military major powers. Win Myint, a 66-year-old former politica

Published 31 Mar, 2018 12:00am

Gold miners take over Grace Mugabe's farm in Zimbabwe

Illegal gold miners in Zimbabwe have seized a farm belonging to former first lady Grace Mugabe, local media reported, just four months after former President Robert Mugabe was ousted from power. Hundreds of aggressive squatters have taken over portions of

Published 31 Mar, 2018 12:00am

Shallow 6.9 quake hits PNG triggering tsunami alert

A powerful 6.9-magnitude earthquake struck the New Britain island of Papua New Guinea on Friday, US seismologists said, triggering a tsunami alert for the country. The quake struck at 5:25 pm local time (2125 GMT) and was initially recorded at a shallow d

Published 31 Mar, 2018 12:00am

Schwarzenegger has emergency open-heart surgery

Hollywood action star Arnold Schwarzenegger is in a stable condition after undergoing emergency open-heart surgery, celebrity news website TMZ reported Friday.

Published 31 Mar, 2018 12:00am

Exchange

Shanghai aluminium posts worst quarter since mid-2010

Shanghai aluminium touched a 17-month low on Friday and ended the first quarter with its steepest quarterly drop since mid-2010 following a relentless build-up in Chinese inventories, which have hit a fresh record high. The metal declined 10.7 percent in

Published 31 Mar, 2018 12:00am

Vegetable Oil

Palm oil rises, down 5 percent in March quarter

Malaysian palm oil futures rose on Friday, snapping a three-day losing streak, as the edible oil drew strength from overnight gains in rival soyoil on the US Chicago Board of Trade and on hopes that March exports may have risen from February levels. The b

Published 31 Mar, 2018 12:00am

Exchange

Late season rains put the brakes on Argentine soya, corn losses

Late season rains will halt further deterioration of drought-hit Argentine soyabean yields, setting the stage for an estimated crop of at least 40 million tonnes after being trounced earlier in the season by extremely dry weather, experts said on Tuesday.

Published 31 Mar, 2018 12:00am

Cotton

Mali targets seed cotton production of 750,000 tonnes

Mali is aiming to produce 750,000 tonnes of raw seed cotton in the upcoming 2018/19 season, up from 725,000 tonnes during the previous harvest, statistics from the agriculture ministry showed on Tuesday. According to a planning document seen by Reuters, t

Published 31 Mar, 2018 12:00am

Exchange

Tokyo rubber rises

Benchmark Tokyo rubber futures rose on Friday, buoyed by gains in Shanghai futures, as trade tensions between China and the United States eased. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, closed highe

Published 31 Mar, 2018 12:00am

EU crop monitor sees most winter crops resisting weather swings

The European Union's crop monitoring service MARS forecast higher yields for this year's winter grains harvests on Monday, saying most crops had resisted wild swings in temperatures that had raised concerns of damage. In its first yield forecasts for the

Published 31 Mar, 2018 12:00am

Belgian prince's allowance cut over China contacts

Belgium has cut the allowance of Prince Laurent, the tearaway younger brother of King Philippe, in an unprecedented sanction for meeting foreign dignitaries without government consent. Lawmakers voted late Thursday to reduce the prince's 307,000-euro ($37

Published 31 Mar, 2018 12:00am

China's aircraft carrier spotted in huge naval drill

Beijing flexed its military muscle this week as its sole operational aircraft carrier apparently took part in a huge naval drill with dozens of other vessels in the South China Sea, satellite images showed. The pictures, taken by Planet Labs Inc., appear

Published 31 Mar, 2018 12:00am

Azerbaijani exile shot, wife murdered

An Azerbaijani claiming to be an exiled journalist in France was seriously wounded and his wife was killed on Friday in a gun attack near the southern city of Toulouse, police said. Rahim Namazov, a father of three, fled his oil-rich homeland in the Cauca

Published 31 Mar, 2018 12:00am

US visa seekers will have to disclose social media

Travellers to the United States will soon have to submit their social media identities, previous telephone numbers and email addresses, a measure that could touch 10 million people per year. According to a State Department plan published Friday, visa seek

Published 31 Mar, 2018 12:00am

Prague extradites Russian hacker to US for alleged cyberattacks

The Czech Republic on Friday said it had extradited a Russian hacker to the United States where he is wanted for alleged cyberattacks on social networks. Yevgeni Nikulin, who is also sought by his native Russsia on fraud charges, had been in a Prague pris

Published 31 Mar, 2018 12:00am

American, British soldiers killed in Syria: Pentagon

Two members of the US-led anti-jihadist coalition - an American and a Briton - were killed by an improvised explosive device in the northern Syrian city of Manbij, US and British officials said Friday. Five other coalition service personnel were wounded,

Published 31 Mar, 2018 12:00am

Exchange

Syrians quit Ghouta as talks for last pocket stutter

Hundreds more Syrian rebels and civilians prepared Friday to leave Eastern Ghouta under a negotiated withdrawal, as Russia unilaterally announced a similar deal to empty the final pocket of the battered enclave. The former rebel bastion on the outskirts o

Published 31 Mar, 2018 12:00am

Huge parliamentary win sets up Turkmen leader's son for bigger role

The son of Turkmenistan's authoritarian leader scored a huge victory in tightly controlled parliamentary elections, state media reported Friday, in a result that could indicate a path towards hereditary succession in the gas-rich former Soviet state. Serd

Published 31 Mar, 2018 12:00am

Kerb

Leaked Facebook memo questions cost of growth

Facebook's troubles worsened late Thursday with the leak of a two-year-old memo from a high-ranking executive hinting that the social network was determined to grow despite risks to users. The 2016 memo published by news website Buzzfeed was written by ve

Published 31 Mar, 2018 12:00am

SpaceX blasts off with Iridium satellite payload

The private space firm SpaceX on Friday launched with a partially-reused rocket the latest group of communication satellites to upgrade mobile, voice and data networks for Virginia-based firm Iridium. "We have successful liftoff of the Falcon 9," a SpaceX

Published 31 Mar, 2018 12:00am

Air France, lawyers strike as Macron labour woes grow

French lawyers staged a walkout Friday while Air France staff went on strike over pay, adding to a growing wave of industrial unrest that threatens to slow President Emmanuel Macron's reform drive. Air France cancelled a quarter of the day's flights as it

Published 31 Mar, 2018 12:00am

French inflation spikes in March

Inflation in France bounced back in March, data showed Friday, bolstering hopes that consumer prices in the eurozone are finally moving towards more growth-friendly levels. French annual inflation spiked to 1.5 percent this month, up from 1.2 in February,

Published 31 Mar, 2018 12:00am

Vietnam's first quarter growth highest in a decade

Vietnam's economy saw its strongest first-quarter growth in a decade, data showed Thursday, driven by a surge in electronics manufacturing and exports. The reading comes as the communist country is poised to expand its overseas markets after signing an 11

Published 31 Mar, 2018 12:00am

China tightens rules on transferring technology know-how

China has issued new guidelines on transferring intellectual property rights from Chinese firms or individuals to foreign investors, as global tensions rise over technology theft. The instructions made public by the State Council on Thursday stipulate tha

Published 31 Mar, 2018 12:00am

China to set up $9.6 billion credit guarantee fund for small firms

China will set up a national guarantee fund of 60 billion yuan ($9.6 billion) to help channel more bank loans to cash-strapped small firms and farmers, the finance ministry said on Friday. China's cabinet has approved plans to launch a national financing

Published 31 Mar, 2018 12:00am

Exchange

Bank of China back in black, CCB profit picks up

Bank of China swung back into the black last year while China Construction Bank also joined the country's state-owned lenders in posting a profit pick-up on the back of an accelerating domestic economy. Bank of China, the country's main foreign exchange b

Published 31 Mar, 2018 12:00am

Exchange

Bank of China back in black, CCB profit picks up

Published 31 Mar, 2018 12:00am

Exchange

US exchange giant CME buys Britain's NEX for £3.9 billion

US exchange giant CME Group has agreed to buy British operator NEX for about £3.9 billion in a deal aimed at cost-cutting and diversifying their businesses, it said Thursday. The cash-and-shares takeover offer, worth $5.4 billion or 4.4 billion euros, val

Published 31 Mar, 2018 12:00am

New EU rules let you watch Netflix, BBC abroad

Don't leave your iPad at home this holiday. Starting Sunday, Europeans on vacation can enjoy their online entertainment such as Netflix or BBC iPlayer as if at home all across Europe. Europeans spend about one billion nights in other EU countries every ye

Published 31 Mar, 2018 12:00am

Trump suspends duty-free apparel imports from Rwanda

President Donald Trump suspended the duty-free status of Rwanda's apparel after finding the African nation unfairly blocked US exports of used clothing, officials announced Thursday. However, the US Trade Representative's office said Kenya, Tanzania and U

Published 31 Mar, 2018 12:00am

Japan factory output turns up in February

Japan's factory output picked up in February while the jobless rate stayed low, official data showed Friday as the world's third largest economy continues a solid expansion. Factory output rose 4.1 percent month-on-month, according to industry ministry da

Published 31 Mar, 2018 12:00am

Lebanon approves 2018 budget ahead of support summit

Lebanon's parliament has adopted a 2018 government budget projecting a slightly reduced deficit of $4.8 billion. The package, only Lebanon's second voted budget since 2005, was approved late Thursday, days before a French-sponsored donor conference to sup

Published 31 Mar, 2018 12:00am

Australia job vacancies climb

Job vacancies in Australia climbed to their highest on record in the three months to February, a seventh straight quarter of solid gains that augured well for continued growth in hiring. Total job vacancies rose a seasonally adjusted 4.3 percent to 220,90

Published 31 Mar, 2018 12:00am

Cuba's new entrepreneurs are longing for level playing field

Without raw material for her fashion designs, Idania del Rio had to find a creative solution, resorting to using hand-me-down shirts, cutting them up and re-styling them to create her own clothing outlet. She is part of Cuba's new generation of entreprene

Published 31 Mar, 2018 12:00am

China stocks post worst quarterly fall in two years

China's major stock indexes ended slightly higher on Friday, but posted their worst quarterly losses in two years, as the country's fund managers slashed equity exposure amid China-US trade tensions. At the close, the Shanghai Composite index was up 0.3 p

Published 31 Mar, 2018 12:00am

Tokyo stocks climb

Tokyo stocks jumped on Friday after Wall Street rallied and tensions over North Korea eased, with investors on the sidelines ahead of a holiday weekend overseas. The benchmark Nikkei 225 index rose 1.40 percent, or 295.22 points, to 21,454.30, marking a w

Published 31 Mar, 2018 12:00am

Exchange

TSX posts biggest gain in six weeks; ends quarter down five percent

Canada's main stock index notched its biggest gain in more than six weeks on Thursday, led by resource and financial shares, but still suffered its deepest quarterly decline in two-and-a-half years. The Toronto Stock Exchange's S&P/TSX composite index end

Published 31 Mar, 2018 12:00am

Brazil equities jump amid global volatility respite

Equities in Brazil, the only major Latin American market open all day on Thursday, posted their biggest intraday gain in three weeks, as a volatile week regarding international trade and politics gave way to a brief calm period. Traders consulted by Reute

Published 31 Mar, 2018 12:00am

Markets closed

Stocks, financial and commodity markets in New York, London, Europe and majority of Asian markets were closed on Friday due to Good Friday. Some markets will remain closed on Monday due to Easter holiday.

Published 31 Mar, 2018 12:00am

US bond market posts strong end to weak first quarter

US Treasury yields fell on Thursday, posting a strong finish to a weak first quarter, as investors piled into low-risk government bonds on worries about economic growth and the recent dramatic pullback in stock prices. The US bond market closed early at 2

Published 31 Mar, 2018 12:00am

US bond market posts strong end to weak first quarter

Published 31 Mar, 2018 12:00am

Exchange

Wall Street jumps in upbeat end to tumultuous quarter

Wall Street surged on Thursday, bringing an upbeat end to a tumultuous, holiday-shortened week as technology stocks rebounded, but the S&P 500 and the Dow Jones Industrial Average posted their biggest quarterly declines in more than two years. The year st

Published 31 Mar, 2018 12:00am

European funds cut stocks to five-month lows after global sell off

European fund managers cut their global equity holdings to five-month lows in February after a sharp sell-off early in the month that wiped $4 trillion off share prices, but most thought stocks were still likely to test new highs. Reuters' latest monthly

Published 31 Mar, 2018 12:00am

Hong Kong regulator issues notice for action against eight IPO sponsors

Hong Kong's securities regulator is pursuing disciplinary action against eight firms for alleged misconduct in their roles sponsoring initial public offerings (IPOs) in the Asian financial hub, a senior official said on Wednesday. The comments come days a

Published 31 Mar, 2018 12:00am

Mutual Funds

In broad healthcare bets, small stocks favoured over large

When it comes to investing in the US healthcare sector, it has paid off big to bet on smaller stocks. So far this year, the healthcare sector within the small-cap S&P 600 has gained about 14 percent as investors point to a boost from an expected pick-up i

Published 31 Mar, 2018 12:00am

Exchange

Cuba quashes rumors currency unification around corner

Cuba's central bank on Thursday quashed rumors that it would withdraw one of the Communist-run island's two currencies from circulation over the weekend, after nervous Cubans had rushed in recent days to exchange their CUCs for pesos. The date for the sta

Published 31 Mar, 2018 12:00am

Turkish lira weakens as economy worries weigh

Turkey's lira weakened beyond the psychologically important level of 4.0 to the US dollar on Wednesday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continued to weigh on sentiment. The lira has fallen 5 perce

Published 31 Mar, 2018 12:00am

Currency

Canadian dollar up

The Canadian dollar rose against its US counterpart on Thursday as firmer stock prices and optimism about a North American Free Trade Agreement (NAFTA) trade deal offset data showing the domestic economy unexpectedly contracted at the start of the year. A

Published 31 Mar, 2018 12:00am

Currency

China's yuan to post biggest quarterly rise

China's yuan firmed against the dollar on Friday and is set to post its biggest quarterly gain in a decade, as the country attracts capital inflows and US trade frictions bolstered expectations of a firmer Chinese currency. Taking cues from a firmer mid-p

Published 31 Mar, 2018 12:00am

Currency

Dollar flat in New York as rally fizzles ahead of Easter weekend

The dollar was little changed against a basket of currencies on Thursday, as its rebound from a five-week low, touched earlier this week, ran out of steam amid subdued trading activity ahead of the long Easter weekend in many of the world's largest tradin

Published 31 Mar, 2018 12:00am

Currency

Dollar stalls in Asia

The dollar stalled against its peers on Friday as the recovery seen earlier this week petered out ahead of the new quarter, which could potentially bring renewed pressure on the greenback. Against a basket of six other major currencies, the dollar was off

Published 31 Mar, 2018 12:00am

Exchange

Companies clamp down on crypto ads as regulators play catch-up

A growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast-emerging industry. Twitter on Tuesday began bl

Published 31 Mar, 2018 12:00am

Exchange

Century-making Markram piles on misery for embattled Australia

A career-best century by Aiden Markram added pain to an Australian side reeling from the ball tampering scandal on the first day of the fourth and final Test against Australia at the Wanderers Stadium on Friday. Markram made a flawless 152 before the bele

Published 31 Mar, 2018 12:00am

Russia's World Cup team told to avoid 'exotic tea'

Russia's World Cup team was told to stay away from "exotic teas" and foreign medicine to avoid testing positive for doping during this year's final. The Russian Football Union issued the recommendations in a series of tweets that also included instruction

Published 31 Mar, 2018 12:00am

Bairstow salvages England after Southee, Boult strike

Jonny Bairstow was in sight of his fifth Test century after a late run spree with Mark Wood lifted England to 290 for eight at stumps on day one of the second Test in Christchurch on Friday. England had been in trouble at 164 for seven before Bairstow (no

Published 31 Mar, 2018 12:00am

Ashiq takes a stroke lead in 57th Amateur Golf Championship

Defending champion Ashiq Hussain grabbed a stroke lead against first day leader Ahmed Baig on the second day with his gross score par 144 over 36 holes of the 72-holes 57th National Amateur Golf Championship being played here at lush green PAF Golf Course

Published 31 Mar, 2018 12:00am

KP take Fifth National Tchoukball Championship

Khyber Pakhtunkhwa stunned Punjab in a thrilling final and grabbed the trophy of the 5th National Tchoukball Championship-2018 organized under the aegis of Pakistan Tchoukball Federation played at Islamabad Gymnasium on Friday.

Published 31 Mar, 2018 12:00am

Starc to miss Indian Premier League

Australian fast bowler Mitchell Starc has been ruled out of the fourth Test against South Africa as well as the Indian Premier League because of a stress fracture in his lower right leg. Captain Tim Paine said at the toss on Friday that Starc had been "ba

Published 31 Mar, 2018 12:00am

BRIDGE NOTES: The much awaited defense

Intelligent signaling in Bridge outweighs the conventional one. But there are no hard and fast lines fixed for success even when one takes the unconventional approach in signaling. Let us illustrate by a few interesting hands. In the first the following b

Published 31 Mar, 2018 12:00am

Tunisia must improve investment climate to help economy grow: OECD

Tunisia must improve its business climate and cut red tape to attract more investment and create jobs, the Organization for Economic Cooperation and Development (OECD) said on Thursday. In its first report on the North African country's economy, the Paris

Published 31 Mar, 2018 12:00am

Exchange

Fiscal stimulus, monetary easing can help lift Thai growth: IMF

Thailand should adopt an expansionary policy mix based on fiscal stimulus and monetary easing to achieve stronger and more balanced growth, the International Monetary Fund (IMF) said on Thursday. The country's economic performance continues to be favourab

Published 31 Mar, 2018 12:00am

Germany raises fears over capabilities of Airbus A400M aircraft

Germany's military fears that the Airbus A400M aircraft will not fulfil its needs in time as the troubled programme faces further problems, a report seen by Reuters reveals. The confidential German military report said there was a "significant risk" that

Published 31 Mar, 2018 12:00am

Japan government lays groundwork for more stimulus spending to offset tax hike

Japan's government began laying the groundwork on Thursday for big spending next year to offset the impact of a planned nationwide sales tax hike. The government should manage fiscal policy to prevent growth from collapsing and should keep the impact of p

Published 31 Mar, 2018 12:00am

New China financial regulator says to deepen reform, fend off risk

China's new banking and insurance regulator said on Thursday it will deepen the reform and opening up of the banking and insurance systems and will crack down on financial risk. In a statement, the regulator also said it would help clean up local governme

Published 31 Mar, 2018 12:00am

France's Total wins three blocks in Mexico oil auction

French company Total has won three blocks in Mexico's last auction of oil and gas areas before the country holds presidential elections in July. The three blocks are located in the Gulf of Mexico - two of them were awarded in partnership with state oil co

Published 31 Mar, 2018 12:00am

Anglo Pacific says coal tempting after high-value Rio sale

A global lack of investment in coal helped to create a record full-year profit for mining royalty company Anglo Pacific and is likely to continue to boost its earnings as many funds shun the sector, its CEO said on Wednesday. Anglo Pacific said on Wednesd

Published 31 Mar, 2018 12:00am

More than a game

Cricket unites; but wait a minute, it does more than that; it is a leveller; unlike many other games that are class and colour specific in their representation and popularity cricket just breaks the ceilings on haves and have nots, those who know and thos

Published 31 Mar, 2018 12:00am

After warnings of species plight: solutions in sight

Chicken or beef? Think carefully: your choice can help determine the future of the planet. After raising the alarm last Friday about the fight for survival of many animal and plant species, which they lay at the door of mankind, scientists stressed we can

Published 31 Mar, 2018 12:00am

ART FACTS: 12th Art Dubai Fair: Celebrating diversity of art

Visiting the 12th Art Dubai Fair was an awe-inspiring experience for me. It was the fair's largest edition to date presenting 105 galleries from a record 48 countries. The four day edition of the fair celebrated the diversity of art ran from March 21 to 2

Published 31 Mar, 2018 12:00am

Idea of originality

The original is the exciting first form, the beginning that is completely new and so not copied or derived from something else. It means originality is creativity or representing a departure from previous or traditional practices. Thus an original piece i

Published 31 Mar, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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