News Archives for Print - 2018-04-10

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Print - 2018-04-10

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (April 09, 2018).

Published 10 Apr, 2018 12:00am

Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (April 09, 2018).

Published 10 Apr, 2018 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (April 09, 2018).

Published 10 Apr, 2018 12:00am

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (April 09, 2018).

Published 10 Apr, 2018 12:00am

Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 10 Apr, 2018 12:00am

Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 10 Apr, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 10 Apr, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 10 Apr, 2018 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 Apr, 2018 12:00am

Mutual Funds

General Takaful Industry - issues, challenges and opportunities

In Pakistan, to maximize advantage of the potential of Islamic alternative of non-life Insurance, the General Takaful operators in early years (2007 onwards), failed to adopt a cohesive approach in promoting the cause of Takaful as a Shariah compliant ris

Published 10 Apr, 2018 12:00am

Rizwan Hussain MD & CEO Takaful Pakistan Limited

Rizwan Hussain brings more than 30 years of experience as a seasoned Insurance/Takaful industry professional. With a mission to establish Pakistan as the Hub of Islamic Finance, he recently acquired majority stake in Takaful Pakistan, a public unlisted Ta

Published 10 Apr, 2018 12:00am

Islamic finance market has all the fundamental ingredients

Being Platinum Sponsor, Takaful Pakistan Limited welcomes all the honorable participants at the CFO conference 2018 on such a thought provoking topic "Evolving Mental Models Sustaining Competitive Edge".This provides a great opportunity for both contribut

Published 10 Apr, 2018 12:00am

Nurture your nature: BUILDING HIGH PERFORMANCE CULTURE - SUSTAINING COMPETITIVE EDGE

Richard Barrett, once wrote "Cultural capital is the new frontier of competitive advantage". While I couldn't disagree with what the gentleman stated, it may be important to realize that a culture not only reflects the values and beliefs of the leaders on

Published 10 Apr, 2018 12:00am

The Institute of Chartered Accountants of Pakistan

About ICAP The Institute of Chartered Accountants of Pakistan (ICAP) established under The Chartered Accountants Ordinance, 1961 is a prestigious self-regulatory body of professional accountants in Pakistan. It represents accountants employed in pu

Published 10 Apr, 2018 12:00am

History of ICAP CFO Conferences

The CFO Conference initiative was taken in 2010 ? a platform to the most unique section of our membership - the PAIBs to share their experiences and insights with each other and the membership at large. Today, as the seventeenth and the eighteenth CFO con

Published 10 Apr, 2018 12:00am

Message from Chairman PAIB Committee

Leadership effectiveness is strongly connected with the ability and capability to learn and change and by thus challenge our own mental models. We can change and create our future different than the past after discovering our internal assumptions. If we w

Published 10 Apr, 2018 12:00am

Message from President ICAP

"Problems cannot be solved at the same level of awareness that created them." ? Albert Einstein The current digital wave shift finance through financial technology and innovative business models that can be measured akin to the 19th century's industrial r

Published 10 Apr, 2018 12:00am

CBOT wheat futures rise

US wheat futures rose on Friday, led higher by a 3.0 percent gain in MGEX spring wheat on concerns that frozen soils in North Dakota would delay seeding in that key production area, traders said. Weather concerns also boosted K.C. hard red winter wheat fu

Published 10 Apr, 2018 12:00am

Asian naphtha inter-month spread at over three-year high

Asia's naphtha fundamentals stayed firm with the front-month second-half May price being pushed higher to $13.75 a tonne against second-half June value on Friday compared with $13.50 in the previous session. This was the widest inter-month premium seen si

Published 10 Apr, 2018 12:00am

Soyameal mostly firmer on European feeds market

Soyameal on the European meals and feeds market was mostly firmer on Friday following strong Brazilian fob markets and due to a steadier tone in CBOT soyameal futures at the close on Thursday. "Prices are often fixed on the close of Chicago the day before

Published 10 Apr, 2018 12:00am

India's March gold imports halve as prices rally

India's gold imports in March halved from a year ago to 52.5 tonnes as a rally in local prices to 16-month high slashed demand in the world's second-biggest consumer of bullion, provisional data from precious metals consultancy GFMS and bank dealers showe

Published 10 Apr, 2018 12:00am

CBOT soyabean futures up on export deals

Chicago Board of Trade soyabean futures rose on Friday, with traders shrugging off concerns about escalations in trade disputes between China and the United States in favour of fresh export deals. The US Agriculture Department on Friday morning said that

Published 10 Apr, 2018 12:00am

Exchange

China to start selling old corn stocks as feed costs surge

China will start selling old corn stocks from state reserves this week, pressuring prices in the world's second-biggest consumer of the grain and offering some respite to livestock farmers from rising costs, said traders and analysts. The first sales of 2

Published 10 Apr, 2018 12:00am

Exchange

EU wheat little changed due to French rail strike

Euronext wheat was little changed on Friday underpinned by firm US futures as traders assessed tepid EU exports and potential disruption from rolling train strikes in France. Uncertainty over a trade row between the United States and China, fuelled by Was

Published 10 Apr, 2018 12:00am

Cotton

Cotton market: Business activity rises on strong demand

Renewed spinners' and mills demand helped the volume of business to increase on the cotton market on Monday in the process of trading activity, dealers said. As a result of rising demand and short supply of quality cotton, the official spot rate moved up

Published 10 Apr, 2018 12:00am

Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,343. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.530 billion and the number of lots traded was 15,680. Major business was contributed by gold amo

Published 10 Apr, 2018 12:00am

European gasoline margins little changed

Gasoline refining margins were little changed on Friday, with prices supported by a nascent arbitrage to the United States that has helped to ease some of the excess in Europe. The Nan Lin Wan, a tanker carrying 84,000 tonnes of gasoline that had been flo

Published 10 Apr, 2018 12:00am

Vegetable Oil

Palm oil up on European vegoils market

Palm oil on the European vegetable oils market rose on Friday with Malaysian palm oil futures on news that Malaysia was extending zero tax on crude palm oil exports to the end of April. Asking prices for palm oil were between unchanged and $5 a tonne high

Published 10 Apr, 2018 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 298,327 tonnes of cargo comprising 195,855 tonnes of import cargo and 102,472 tonnes of export cargo including 5,742 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 19

Published 10 Apr, 2018 12:00am

CBOT corn weakens on technical selling

Chicago Board of Trade corn futures eased on Friday on a mild technical setback, traders said. Declines were limited amid signs of strong export demand as well as concerns that cold weather in the US Midwest could cause planting delays in the coming weeks

Published 10 Apr, 2018 12:00am

Faced with global warming, aviation aims to turn green

Will we someday be able to fly without the guilt of causing environmental damage? A handful of firms and regulators hope that the electric revolution in cars will also take to the skies, helping the industry cope with an expected boom in travel and reduce

Published 10 Apr, 2018 12:00am

Exchange

Cryptocurrency traders use old gold in drive to draw Islamic investors

In Dubai's decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region's top centre for gold trade, bullion is playing a new role in financial engineering.

Published 10 Apr, 2018 12:00am

Exchange

IndiGo ends interest in buying Air India

India's largest airline IndiGo has pulled out of the race to acquire national carrier Air India, dealing a blow to the government's privatisation campaign. Indigo told the Bombay Stock Exchange late Thursday that it was interested only in Air India's inte

Published 10 Apr, 2018 12:00am

Aramco takes step to integrating petrochems into United States' biggest refinery

Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco's Chief Executive Amin Nasser signed memoranda of understanding (MoUs)

Published 10 Apr, 2018 12:00am

Currency

Chinese yuan eases against dollar

The yuan gave up early gains and weakened against the US dollar on Monday after Bloomberg News reported China is evaluating the potential impact of a gradual yuan depreciation as a tool in the escalating trade dispute with the United States. The report, w

Published 10 Apr, 2018 12:00am

Dollar steadies in Asia

The dollar steadied on Monday, having retreated late last week due to concerns over US-China trade tensions and following data that showed the US economy created the fewest jobs in six months in March. The dollar index against a basket of six major curren

Published 10 Apr, 2018 12:00am

Currency

Early trade in New York: dollar slips against basket of currencies

The dollar slipped against a basket of currencies on Monday, on persistent worries about a potential trade conflict between the United States and China and as the euro rose following comments from European Central Bank President Mario Draghi that were dee

Published 10 Apr, 2018 12:00am

Currency

Dollar extends gains into third week in Europe

The dollar rose against its rivals on Monday, extending a two-week run, as investors unwound some short dollar bets on worries an escalating trade conflict between the United States and China may trigger buying of dollar assets. Most of its gains were cha

Published 10 Apr, 2018 12:00am

Exchange

Sri Lankan rupee weakens

The Sri Lankan rupee ended marginally weaker on Monday on dollar demand for oil and vehicle imports, but the local currency is expected to bounce back on inflows from inward remittances ahead of the traditional festival this week, dealers said. The rupee,

Published 10 Apr, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 82.98-82.98 (Previous 82.98-82.98).

Published 10 Apr, 2018 12:00am

Currency

Emerging Asian currencies soar

Most emerging Asian currencies firmed on Monday, with the dollar staying in a defensive stance on concerns over US-China trade tensions and following a report that showed the US economy created the fewest jobs in six months in March. The dollar index stoo

Published 10 Apr, 2018 12:00am

Exchange

Islamic scholars debate validity of cryptocurrencies

The world's top Islamic finance scholars are scrutinizing the validity of cryptocurrencies, as debate grows in the industry as to whether such fast emerging financial tools can be deemed Shariah compliant. The issue of religious permissibility could help

Published 10 Apr, 2018 12:00am

Currency

Sterling climbs against dollar

Sterling climbed against the dollar and the euro on Monday, boosted by data showing British house prices rose more than expected in March and after the greenback slipped to a six-day low. Economists expect the Bank of England to raise interest rates in Ma

Published 10 Apr, 2018 12:00am

Aussie, kiwi tad higher

The Australian and New Zealand dollars held within recent ranges on Monday as investors tried to gauge whether a simmering tariff spat between the United States and China had the potential of exploding into a full-blown trade war. The Australian dollar wa

Published 10 Apr, 2018 12:00am

Exchange

Qatar index rises on higher ownership caps, Saudi banks bought

Qatar's stock market was the strongest in the region on Monday after several companies raised foreign ownership limits, while most Saudi Arabia stocks fell although a couple of banks pulled up the index. The Qatari index climbed 1.8 percent. Qatar Electri

Published 10 Apr, 2018 12:00am

Australian, New Zealand shares up

Australia shares rose on Monday, taking their cue from higher US stock futures with the health care sector and consumer staples helping to soothe nervousness over an escalating US-China trade spat. The major US indices dropped between 2.2 percent and 2.3

Published 10 Apr, 2018 12:00am

Tokyo stocks higher

Tokyo stocks closed modestly higher Monday as the yen eased against the dollar with investor sentiment improving on US President Donald Trump's latest comments hinting at a deal with China over trade issues. The benchmark Nikkei 225 index rose 0.51 percen

Published 10 Apr, 2018 12:00am

Monday's early trade: Wall Street higher as tech stocks gain, trade war worries ebb

The Dow Jones Industrial Average and the S&P rose more than 1 percent, while the Nasdaq added 2 percent on Monday as strength in technology shares and a softer stance by US policymakers on China trade tariffs powered a rebound from last week's selloff. Te

Published 10 Apr, 2018 12:00am

Hong Kong stocks rise

Hong Kong shares rose on Monday on hopes that China and the United States will eventually reach a deal to avert a trade war, even as Beijing repeated that it was impossible for negotiations to take place under current conditions.

Published 10 Apr, 2018 12:00am

South East Asian stocks end higher

Southeast Asian stock markets ended higher on Monday, tracking a rally in broader Asian shares and upbeat US stock futures that rose after US President Donald Trump claimed that China would take down its trade barriers, soothing fears of a tariff war. Chi

Published 10 Apr, 2018 12:00am

Indian shares jump

Indian shares closed higher for a third straight session on Monday as financial stocks rose with global sentiment turning positive amid easing trade war fears. The benchmark BSE index closed up 0.48 percent at 33,788.54, while the broader NSE index ended

Published 10 Apr, 2018 12:00am

China stocks tepid

China stocks were tepid on Monday as investors pondered the developments in the simmering China-US trade spat. At the close, the Shanghai Composite index was up 0.3 percent at 3,138.29, while the blue-chip CSI300 index was down 0.1 percent at 3,852.93.

Published 10 Apr, 2018 12:00am

Currency

Russian sanctions dent European share recovery

Further US sanctions on Russian interests hit Europe-listed stocks on Monday, denting a recovery as investors became more hopeful a trade war between the United States and China could be averted. The pan-European STOXX 600 index ended the day up just 0.1

Published 10 Apr, 2018 12:00am

Sri Lankan stock index up

Sri Lankan share index on Monday touched its lowest close in 11 weeks, pulled down by blue-chips stocks in a moderate turnover, as many market participants were on leave ahead of the traditional Sinhala-Tamil New Year this week, brokers said. The Colombo

Published 10 Apr, 2018 12:00am

FTSE rises, Russia-exposed stocks tumble

Worries over global trade took a backseat as Britain's top share index advanced on Monday, though stocks with links to Russia fell on further US sanctions. The blue chip FTSE 100 index ended up 0.15 percent at 7,194.75 points, buoyed by financials and ind

Published 10 Apr, 2018 12:00am

Taiwan's exports rebound in March, hit record high

Taiwan's exports rebounded in March to a record high in value terms, but escalating China-US trade tensions pose a new risk to the island's key technology sector. Taiwan's factories are a key part of the global supply chain for tech giants such as Apple I

Published 10 Apr, 2018 12:00am

Novartis to buy US gene therapy group AveXis for $8.7 billion

Swiss pharmaceuticals giant Novartis announced Monday it will buy US gene therapy company AveXis for $8.7 billion (7.1 billion euros). It said the all-cash deal was approved unanimously by the boards of both firms. The Illinois-based AveXis is involved in

Published 10 Apr, 2018 12:00am

China bans exports of 'dual use' items to North Korea

China has banned exports to North Korea of 32 "dual-use" items that can be applied in the development of weapons of mass destruction, the commerce ministry said. The list of items, which include radiation monitoring equipment and software that can be used

Published 10 Apr, 2018 12:00am

French rail strikes have cost 100 million euros

France's rail operator said Monday that the rolling strikes against plans to overhaul the debt-laden company had already cost it around 100 million euros ($123 million), with neither unions nor the government showing any willingness to back down. Train dr

Published 10 Apr, 2018 12:00am

Rolls-Royce sells German unit L'Orange

British engine maker Rolls-Royce said Monday it has sold German division L'Orange for 700 million euros ($860 million) to US group Woodward. Stuttgart-based L'Orange, which supplies fuel injection technology for engines, employs 1,000 people mostly in Ger

Published 10 Apr, 2018 12:00am

German exports post biggest drop since 2015

German exports plunged unexpectedly in February, posting their biggest monthly drop in 2-1/2 years and narrowing the trade surplus, data showed on Monday, in a further sign that growth in Europe's biggest economy could have reached its peak. Seasonally ad

Published 10 Apr, 2018 12:00am

Export ship blocked after 'shocking' Australia sheep footage

An export ship due to carry more than 50,000 sheep to the Middle East has been blocked from leaving Australia after secret footage emerged of distressed animals dying and struggling to breathe in filthy conditions. Australia's live animal export trade, wo

Published 10 Apr, 2018 12:00am

Fund battling for Telecom Italia control gets fresh support

An activist fund battling for control of Telecom Italia against Vivendi on Monday won support from an influential advisor, the second to back its efforts to curb the French group's power. ISS, a so-called proxy advisor, said it backed efforts by activist

Published 10 Apr, 2018 12:00am

As lira plumbs record low, defiant Erdogan says to 'save' investors

President Tayyip Erdogan remained defiant in the face of the sliding lira on Monday, promising that interest rates need to be lowered to "save" investors, comments likely to only deepen market concern about Turkey's monetary policy and inflation. The lira

Published 10 Apr, 2018 12:00am

US-Bahrain food export agreement signed

Bahrain has agreed to continue to recognize US safety certifications for American food and agriculture exports to the Gulf nation, US officials announced Monday. The agreement was contained in a memorandum of understanding signed March 30 by trade officia

Published 10 Apr, 2018 12:00am

Advanced economies need immigration to boost labour: IMF

Aging populations in advanced economies drain the labour force and could slow economic growth, but allowing an influx of immigrant workers could counteract that decline, the International Monetary Fund said Monday. IMF economists acknowledged that governm

Published 10 Apr, 2018 12:00am

Reed capture Masters thriller

Fending off epic challenges from three top rivals in a dramatic Masters final round, Patrick Reed captured his first major title Sunday, grinding out a one-shot victory at Augusta National. The 27-year-old US Ryder Cup firebrand showed the same grit he di

Published 10 Apr, 2018 12:00am

UN body names Messi responsible tourism ambassador

The UN World Tourism Organization said Monday it has appointed FC Barcelona's Argentine star Lionel Messi as an ambassador to promote responsible tourism. "During my travels I have had the opportunity to know other cultures and societies as well as other

Published 10 Apr, 2018 12:00am

Foreign football club to play first Iraq tie since ban lifted

Iraq on Tuesday will host a foreign football club for a competitive match for the first time in decades, after FIFA gave the go-ahead for games to resume. The feted Al-Zawraa club will face off against Lebanon's Al-Ahed in an Asian Football Confederation

Published 10 Apr, 2018 12:00am

Australia Tour 2018: Pakistan's U-16 cricket team announced

The Junior Selection Committee headed by Basit Ali has announced 16-member Pakistan Under-16 cricket team for series against Australia Under-16 in Australia. The Pakistan Under-16 team will feature in a series of five Youth One-Day and One Youth T-20 matc

Published 10 Apr, 2018 12:00am

Simbine stuns Blake in 100 metres

Akani Simbine grabbed the spotlight and stunned Jamaica's Yohan Blake in the men's 100 metres final at the Commonwealth Games on Monday as athletics began a new era without Usain Bolt. In cool conditions in Australia's Gold Coast, South Africa's Simbine s

Published 10 Apr, 2018 12:00am

Sweet 16 as le Clos carves out more Games history

Chad le Clos toasted South African success in and out of the pool at the Commonwealth Games on Monday after rewriting the history books yet again. The 25-year-old completed a butterfly hat-trick by romping to victory in the men's 100 metres final in a Gam

Published 10 Apr, 2018 12:00am

President credited PSL for revival of international cricket

President Mamnoon Hussain Monday said the successful holding of mega event, Pakistan Super League (PSL), revived the international cricket in Pakistan. The President said the huge participation of spectators in the PSL matches sent a message to the world

Published 10 Apr, 2018 12:00am

Japan fires football coach months before World Cup

Japan has fired national football coach Vahid Halilhodzic just two months before the World Cup, after a series of disappointing performances by the Blue Samurai, local media reported Monday. The dismissal has been months in the making, with Japan sufferin

Published 10 Apr, 2018 12:00am

Belgian cyclist dies

Belgian cyclist Michael Goolaerts died in hospital on Sunday at the age of 23, hours after suffering heart failure during the gruelling Paris-Roubaix one-day classic race in France. "It is with unimaginable sadness that we have to communicate the passing

Published 10 Apr, 2018 12:00am

Belgian cyclist dies

Published 10 Apr, 2018 12:00am

Kerb

Facebook's Zuckerberg contrite ahead of grilling in Congress

Embattled Facebook chief Mark Zuckerberg has placed the blame for security lapses at the world's largest social network squarely on himself as he girded Monday for appearances this week before angry lawmakers. In prepared remarks released by a congression

Published 10 Apr, 2018 12:00am

Angola teachers on strike, posing test for president

Angolan teachers on Monday began a planned three-week strike for higher pay, in President Joao Lourenco's first major labour challenge since he came to power in September. Lourenco took over after Jose Eduardo dos Santos had ruled the country for 38 years

Published 10 Apr, 2018 12:00am

Dubai-based Abraaj hires Houlihan Lokey for health fund advice after dispute

Dubai-based private equity firm Abraaj has hired US investment bank Houlihan Lokey to help it try to stem the fallout from a dispute with investors over its healthcare fund. Disagreements came to light earlier this year over how Abraaj had used the money

Published 10 Apr, 2018 12:00am

UK government to launch crime blitz as violence spikes

British Home Secretary Amber Rudd will vow on Monday to do "whatever it takes" to curb crime as she unveils a new multi-million pound response to a surge in violence in London and elsewhere. The new initiative, backed by £40 million (46 million euros, $56

Published 10 Apr, 2018 12:00am

NAFTA deal 'fairly close,': Trump

President Donald Trump said Monday negotiators were "fairly close" to resolving their differences over the future of the North American Free Trade Agreement but an outright US withdrawal was still possible. Officials in Washington and Mexico City have pla

Published 10 Apr, 2018 12:00am

Hungary anti-immigration PM Orban basks in election glory

Hungary's anti-immigration prime minister Viktor Orban basked Monday in a bulldozer election triumph that delighted other nationalists but sent a chill through civil society groups and portended fresh battles with Brussels. After a campaign centred on res

Published 10 Apr, 2018 12:00am

US confirms top IS commander in Afghanistan killed in airstrike

US Forces confirmed Monday they had killed a top Islamic State commander in Afghanistan in an airstrike, describing the leader as "key" to foreign fighters entering the country's north. Qari Hikmatullah - also spelled Hekmat - and his bodyguard were kille

Published 10 Apr, 2018 12:00am

Trump says talks with North Korea's Kim in 'May or early June'

US President Donald Trump said Monday he plans to meet with North Korea's Kim Jong Un next month or in early June, indicating a historic summit between the Cold War rivals is still on track. Speaking at the White House, Trump expressed hope that relations

Published 10 Apr, 2018 12:00am

Austrian Holocaust denier dies

Notorious Austrian Holocaust denier Gerd Honsik has died aged 76, the Austria Press Agency reported on Monday citing several unnamed sources. Honsik served four years in prison in the 1960s and was sentenced again to one and a half years in 1992 over his

Published 10 Apr, 2018 12:00am

Azerbaijan strongman Aliyev holding firmly on to power

Likened in leaked US diplomatic cables to the fictional mob boss Michael Corleone, Azerbaijan's strongman Ilham Aliyev is expected to secure his fourth term as president in snap polls on Wednesday. The 56-year-old took over in 2003 after the death of his

Published 10 Apr, 2018 12:00am

Ukraine's president in surprise Turkey visit

Ukrainian President Petro Poroshenko on Monday made a surprise visit to Istanbul, discussing energy cooperation with Turkey and its ally Qatar as well as the fate of Ukrainians jailed by Russia. Poroshenko, whose trip was not announced in advance by eithe

Published 10 Apr, 2018 12:00am

Armenia becomes parliamentary republic as new president sworn in

Armenia's new President Armen Sarkisian was sworn in on Monday but power is expected to remain with his predecessor, who will likely become premier as the ex-Soviet republic shifts to a parliamentary form of government.

Published 10 Apr, 2018 12:00am

PA employees in Gaza go unpaid

The Palestinian Authority has paid salaries to its West Bank employees this month but not those in Gaza, officials said Monday, amid an ongoing split with the strip's Islamist rulers Hamas. It was not immediately clear why the salaries had not been paid a

Published 10 Apr, 2018 12:00am

Tehran accuses Israel of strike that killed 4 Iranians in Syria

Tehran accused Israel on Monday of "flagrant" aggression in Syria after an air strike hit a regime base killing four Iranian "military advisers", Iranian media said. The Islamic Republic condemned "strongly the aggression and the air strike by the Zionist

Published 10 Apr, 2018 12:00am

Trump says 'major' Syria decision coming in '24-48 hours'

US President Donald Trump said Monday he will decide on military action in Syria within hours, as Washington readied its response to a "heinous attack on innocent Syrians with banned chemical weapons."

Published 10 Apr, 2018 12:00am

German physics Nobel laureate Peter Gruenberg dies

German physicist Peter Gruenberg, a joint Nobel Prize winner whose work revolutionised digital data storage, has died aged 78, his research centre said Monday.

Published 10 Apr, 2018 12:00am

British Prime Minister points finger at Russia over spy poisoning

British Prime Minister Theresa May on Monday reiterated her accusation that Moscow poisoned former spy Sergei Skripal, saying Russia alone had the "capability, the intent and the motive." "There's no plausible explanation other than Russia was responsible

Published 10 Apr, 2018 12:00am

Somali speaker resigns ahead of impeachment bid

The speaker of Somalia's parliament resigned on Monday after weeks of political turmoil over efforts by the executive to have him impeached, lawmakers said.

Published 10 Apr, 2018 12:00am

Thousands rally against Czech government across country

Thousands of protesters rallied across the Czech Republic Monday against the outgoing cabinet led by the second wealthiest Czech , Andrej Babis, a billionaire with a murky past.

Published 10 Apr, 2018 12:00am

Rouhani says US 'will regret it' if it violates nuke deal

Iranian President Hassan Rouhani said Monday that the United States would regret withdrawing from the nuclear deal, and that Iran would respond in "less than a week" if that happened. "We will not be the first to violate the accord but they should definit

Published 10 Apr, 2018 12:00am

Blast kills 11 civilians in Syria's Idlib

A huge blast killed at least 11 civilians as it wrecked a multi-storey building in Syria's northwestern jihadist-held city of Idlib on Monday, a war monitor said. The explosion of unknown origin also wounded 80 others, the Britain-based Syrian Observatory

Published 10 Apr, 2018 12:00am

Exchange

Putin dismisses 'speculation' on Syria suspected chemical attack

Russian President Vladimir Putin in a phone conversation with German Chancellor Angela Merkel on Monday warned against speculation and "provocation" over the suspected chemical weapons attack in Syrian rebel-held Douma, the Kremlin said. "The leaders exch

Published 10 Apr, 2018 12:00am

Exchange

Shanghai aluminium rises

Shanghai Futures Exchange where markets reopened on Monday after a four-day break, aluminium was up nearly 1 percent on concerns that sanctions by the United States on aluminium giant Rusal could hamper trade in some 7 percent of the world's annual supply

Published 10 Apr, 2018 12:00am

Exchange

US sanctions on Rusal lift aluminium to four-week high, copper rises

Aluminium prices soared on Monday to their highest in more than four weeks after the United States imposed sanctions on Russian company Rusal, one of the world's largest producers. Benchmark aluminium on the London Metal Exchange ended up 4.7 percent at $

Published 10 Apr, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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