News Archives for Print - 2018-04-29

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Lloyds banks rising profit on 'resilient' economy

Britain's Lloyds Banking Group, bailed out by the government during the global financial crisis, on Wednesday logged strong first-quarter profits on the back of the "resilient" UK economy. Earnings after taxation, or net profits, jumped 29 percent to £1.1

Published 29 Apr, 2018 12:00am

Ford, Telstra hit with record fines after consumer watchdog takes action

Ford and Telstra were each ordered by an Australian court to pay Aus$10 million (US$7.6 million) in penalties Thursday following separate legal proceedings launched by the country's consumer watchdog. Car giant Ford was slugged with the record fine for it

Published 29 Apr, 2018 12:00am

German companies face higher trade barriers

German companies are experiencing barriers to trade not seen since the 2008 financial crisis, a survey by the DIHK Chambers of Industry and Commerce showed on Friday. Some 40 percent of the 2,100 firms surveyed said they experienced higher barriers to doi

Published 29 Apr, 2018 12:00am

Nissan premium brand Infiniti aims to triple China sales

Nissan Motor Co's premium brand Infiniti plans to at least triple sales in China within the next five years by making four additional car models locally and shifting to more of an electrified offering - a ffast-emerging market in China That means Infiniti

Published 29 Apr, 2018 12:00am

Hyundai Motor first quarter net profit slumps 48 percent

South Korea's largest automaker Hyundai Motor saw its first-quarter net profits plunge 48 percent as strikes and a strong won weighed on its bottom line, it said Thursday. Net profit for the January-March period fell to 731.6 billion won ($678 million) fr

Published 29 Apr, 2018 12:00am

Snapchat upgrades 'Spectacles' after first-generation flop

Snapchat on Thursday began selling a new version of its eyewear with built-in cameras after the first version failed to catch on with users of the youth-oriented social network. The new product, Spectacles 2.0 "are now more comfortable to wear with a smal

Published 29 Apr, 2018 12:00am

S&P analyst says Poland's rating upgrade will hinge on deficit

Poland's credit rating might be raised if its fiscal deficit stays around 2 percent of gross domestic product for the next two years, an analyst for S&P Global Ratings said on Wednesday.

Published 29 Apr, 2018 12:00am

S&P analyst says Poland's rating upgrade will hinge on deficit

Poland's credit rating might be raised if its fiscal deficit stays around 2 percent of gross domestic product for the next two years, an analyst for S&P Global Ratings said on Wednesday.

Published 29 Apr, 2018 12:00am

Ghana looking to sell debt in the 7 percent coupon range

Ghana is seeking to issue up to $2.5 billion worth of Eurobonds in the coming weeks with a coupon in the 7 percent range, a rate well below previous sales, the West African nation's finance minister told Reuters in an interview on Tuesday. The debt offeri

Published 29 Apr, 2018 12:00am

Exchange

Nintendo annual profits soar 36 percent to $1.27 billion on Switch sales

Nintendo on Thursday said its annual net profit soared 36.1 percent, thanks to the immense popularity of its Switch console, and announced it was appointing a new president. Shuntaro Furukawa, 46, who currently oversees marketing and other divisions at th

Published 29 Apr, 2018 12:00am

Exchange

Nintendo annual profits soar 36 percent to $1.27 billion on Switch sales

Nintendo on Thursday said its annual net profit soared 36.1 percent, thanks to the immense popularity of its Switch console, and announced it was appointing a new president. Shuntaro Furukawa, 46, who currently oversees marketing and other divisions at th

Published 29 Apr, 2018 12:00am

Iran finalising 2 billion euros of foreign mine investment

Iran is finalising about 2 billion euros of investment from Europe in copper and steel projects despite threatened new US sanctions, a government official said on Wednesday. Early talks are also under way with Swiss investors to develop Mehdiabad, one of

Published 29 Apr, 2018 12:00am

Exchange

Fiat Chrysler drives profits higher

Fiat Chrysler (FCA) said Thursday that its net profit jumped 59 percent in the first quarter of the year, but unfavourable exchange rate changes ate away at an increase in sales of vehicles. The net profit of 1.021 billion euros ($1.243 billion) was below

Published 29 Apr, 2018 12:00am

Exchange

Fiat Chrysler drives profits higher

Fiat Chrysler (FCA) said Thursday that its net profit jumped 59 percent in the first quarter of the year, but unfavourable exchange rate changes ate away at an increase in sales of vehicles. The net profit of 1.021 billion euros ($1.243 billion) was below

Published 29 Apr, 2018 12:00am

Finland open to bigger EU budget after Brexit

Finland is open to a proposal for EU members to pay more into the bloc's budget after 2020 to fill a Brexit void, the Nordic country's government confirmed Thursday. "We can move around this one percent both up and down, depending on the concrete issues w

Published 29 Apr, 2018 12:00am

British MPs up pressure over post-Brexit customs plans

Lawmakers debated Thursday whether Britain should stay in a customs union with the EU after Brexit, as supporters reported growing parliamentary opposition to the government's plans for future ties with the bloc.

Published 29 Apr, 2018 12:00am

Softer euro helps European wheat to shrug off

Weakness in the euro against the dollar allowed European wheat to shrug off a fall on US markets on Thursday, with prices hitting a two-week high. May milling wheat on Paris-based Euronext closed 0.45 percent up at 166 euros a tonne after touching 166.25

Published 29 Apr, 2018 12:00am

Iran seeks to buy corn, barley and soyameal

Iranian state-owned animal feed importer SLAL bought about 200,000 tonnes of corn, about 130,000 tonnes of feed barley and about 130,000 tonnes of soyameal earlier this week, European traders said on Friday. SLAL has relaxed previous strict requirements f

Published 29 Apr, 2018 12:00am

Brazil's CS speeds up cane crushing; ethanol output jumps

Brazil's center-south, the world's largest sugar producing region, sped up harvesting in the first half of April, crushing a quarter more cane than in the same period a year earlier, industry group Unica said on Wednesday. Mills crushed 22.21 million tonn

Published 29 Apr, 2018 12:00am

Exchange

Argentina harvests soya at 2.4 tonnes per hectare

More than half of Argentina's 2017-18 soya crop has been harvested with yields coming in at an average 2.4 tonnes per hectare, the Buenos Aires Grains Exchange said on Thursday, warning that yields will likely fall as harvesting continues. Early-planted s

Published 29 Apr, 2018 12:00am

Vegetable Oil

India aims to produce 283.7 million tonnes of grains next year

India aims to produce a record 283.7 million tonnes of grains in the crop to June 2019, the farm ministry said in a statement on Wednesday, up from 277.49 million tonnes of estimated production in the current year. India, the world's leading producer and

Published 29 Apr, 2018 12:00am

Vegetable Oil

Palm oil mixed on European vegoils market

Palm oil on the European vegetable oils market was mixed on Thursday ahead of a long weekend, with pressure from a weaker ringgit and stronger dollar countered by improved nearby demand. Asking prices for palm oil were between $5 a tonne higher and $5 low

Published 29 Apr, 2018 12:00am

China's end-March crude oil stocks down

China's refined oil product inventory dropped in March from a month before, easing worries that record processing rates could stoke a fuel glut in the world's largest energy consumer. Fuel stocks in March fell 0.55 percent from February to 21.44 million t

Published 29 Apr, 2018 12:00am

European gasoline margins little changed

Gasoline refining margins in northwest Europe were little changed on Thursday but a rise in floating storage in West Africa weighed on the complex. An unusually large quantity of gasoline is floating off the coast of West Africa as Nigeria boosts imports

Published 29 Apr, 2018 12:00am

CBOT wheat futures lower on technical selling

Chicago Board of Trade wheat futures declined on Thursday on technical selling and profit-taking after the benchmark July contract reached a two-week high above $5 a bushel. CBOT July soft red winter wheat settled down 9-1/2 cents at $4.89-1/2 per bushel,

Published 29 Apr, 2018 12:00am

CBOT corn futures down

Chicago Board of Trade corn futures closed lower on Thursday as traders booked profits and consolidated positions after the benchmark July contract failed to surpass Wednesday's high. CBOT July corn settled down 1/2 cent at $3.95-1/4 per bushel, a day aft

Published 29 Apr, 2018 12:00am

Exchange

Lean business on cotton market

A few mills and spinners showed interest in fresh buying of low quality cotton on the local market on Saturday to meet urgent needs, dealers said. The official spot rate was inert at Rs 7400, they added. In both Sindh and Punjab, seed cotton prices were a

Published 29 Apr, 2018 12:00am

Vegetable Oil

India's soyabean planting area to jump after import duty hike

Indian farmers are likely to expand soyabean planting areas by nearly 15 percent after the government raised edible oil import tax to the highest level in more than a decade, lifting domestic oilseed prices to nearly two-year highs, a trade body said.

Published 29 Apr, 2018 12:00am

Vietnamese rice export prices rise for fifth week

Rice export prices rose for a fifth straight week in Vietnam as demand remained robust and supplies thinned, but rates of Indian and Thai varieties dipped amid weakness in the local currencies of the top exporters. Vietnam's 5 percent broken rice prices r

Published 29 Apr, 2018 12:00am

IGC raises forecast for 2018-19 global corn crop

The International Grains Council (IGC) on Thursday made a slight increase to its forecast for 2018/19 global corn (maize) production although a drawdown in stocks is still anticipated foor a second successive season The inter-governmental body, in a month

Published 29 Apr, 2018 12:00am

China's March net gold imports jump

China's net gold imports via main conduit Hong Kong jumped 78.67 percent in March from the previous month on higher demand from investors owing to concerns of a trade war with the United States, data showed on Thursday.

Published 29 Apr, 2018 12:00am

CBOT soyabean futures mixed

Chicago Board of Trade soyabean futures settled mixed on Thursday, with nearby contracts gaining modestly against back months on spillover strength from soyameal, traders said. CBOT most-active July soyabeans settled up 1/4 cent at $10.39-1/2 per bushel a

Published 29 Apr, 2018 12:00am

Soyameal rises on European feeds market

Soyameal on the European meals and feeds market was offered substantially higher on Thursday on concerns over tight supplies after a ship damaged a dock at Argentina's Rosario grains hub. South American soyameal was mostly offered between $4 and $9 a tonn

Published 29 Apr, 2018 12:00am

Asian naphtha falls to two-session low

Asia's naphtha crack eased to a two-session low of $77.97 a tonne on Thursday as the price of Brent crude firmed, but fundamentals were comparatively stronger than last week, with persisting demand reflected in the inter-month spreads.

Published 29 Apr, 2018 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Apr, 2018 12:00am

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that

Published 29 Apr, 2018 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that

Published 29 Apr, 2018 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

CJP orders audit of railways

Chief Justice of Pakistan on Saturday ordered the audit of Pakistan Railways by A.F. Ferguson & Co. Chief Justice of Pakistan (CJP) Mian Saqib Nisar hearing a suo motu notice into losses of Railway rejected the objection of railways minister, saying that

Published 29 Apr, 2018 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe

Published 29 Apr, 2018 12:00am

Exchange

THE RUPEE: stable trend

The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rup

Published 29 Apr, 2018 12:00am

Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe

Published 29 Apr, 2018 12:00am

Exchange

THE RUPEE: stable trend

The rupee maintained a firm posture against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 118.20 and Rs 118.70, they said. The rup

Published 29 Apr, 2018 12:00am

Currency

France, Germany vow joint eurozone reform plan

Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc. "We strongly believe that we should be able to find a compromise betwe

Published 29 Apr, 2018 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Next government can amend budget: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the next government can amend the budget 2018-19 presented by Pakistan Muslim League-Nawaz (PML-N). The premier inaugurated Gas Processing Facility at Kunnar oil and gas field in Tando Jam in Hyderabad.

Published 29 Apr, 2018 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Next government can amend budget: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the next government can amend the budget 2018-19 presented by Pakistan Muslim League-Nawaz (PML-N). The premier inaugurated Gas Processing Facility at Kunnar oil and gas field in Tando Jam in Hyderabad.

Published 29 Apr, 2018 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Budget destined for revision

The budget 2018-19's applicability due from 1 July 2018 is likely to be even shorter than the tenure of the few hours' old Finance Minister Miftah Ismail who presented the budget in parliament and who is mandated to leave office latest by 30 May.

Published 29 Apr, 2018 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Budget destined for revision

The budget 2018-19's applicability due from 1 July 2018 is likely to be even shorter than the tenure of the few hours' old Finance Minister Miftah Ismail who presented the budget in parliament and who is mandated to leave office latest by 30 May.

Published 29 Apr, 2018 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Currency

Nawaz concerned over weakening of rupee

Expressing concern over weakening of the Pak rupee, former Prime Minister Nawaz Sharif said on Saturday that the country's issues would be resolved when the GDP growth rate will cross the mark of 7 percent. "When the PML-N came into power, the growth was

Published 29 Apr, 2018 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Currency

Nawaz concerned over weakening of rupee

Expressing concern over weakening of the Pak rupee, former Prime Minister Nawaz Sharif said on Saturday that the country's issues would be resolved when the GDP growth rate will cross the mark of 7 percent. "When the PML-N came into power, the growth was

Published 29 Apr, 2018 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 28, 2018)

Published 29 Apr, 2018 12:00am

Exchange

China persists in strategic autonomy, Modi told

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ended informal meetings Saturday with a promise to reduce border tensions after a high-altitude standoff in the Himalayas last year. The leaders have spent two days in the central Chines

Published 29 Apr, 2018 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Exchange

China persists in strategic autonomy, Modi told

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ended informal meetings Saturday with a promise to reduce border tensions after a high-altitude standoff in the Himalayas last year. The leaders have spent two days in the central Chines

Published 29 Apr, 2018 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Exchange

Miftah rules out IMF bailout

Finance Minister Dr Miftah Ismail Saturday said the government has no intention to approach the International Monetary Fund (IMF) for another programme loan as economic measures, taken since December 2017, including rupee depreciation, have started delive

Published 29 Apr, 2018 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Exchange

Miftah rules out IMF bailout

Finance Minister Dr Miftah Ismail Saturday said the government has no intention to approach the International Monetary Fund (IMF) for another programme loan as economic measures, taken since December 2017, including rupee depreciation, have started delive

Published 29 Apr, 2018 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (April 28, 2018).

Published 29 Apr, 2018 12:00am

Exchange

Miftah rules out IMF bailout

Finance Minister Dr Miftah Ismail Saturday said the government has no intention to approach the International Monetary Fund (IMF) for another programme loan as economic measures, taken since December 2017, including rupee depreciation, have started delive

Published 29 Apr, 2018 12:00am

Regulating pharmacies

Almost every effort at reform in this country runs into resistance by entrenched interests. The latest case in point is the Punjab government's initiative to enforce minimum service delivery standards on pharmacies and medical stores. Soon after the 18th

Published 29 Apr, 2018 12:00am

TAPI, IP gas pipeline projects: government to complete formalities for implementation

The federal government will complete formalities for implementation on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) and Iran-Pakistan (IP) gas pipeline projects during 2018-19. According to Annual Plan 2018-19, the TAPI project activities including

Published 29 Apr, 2018 12:00am

Pakistan, India establish hotline contact

Hotline Contact was established between Pakistani and Indian directors general military operations, says a press release issued by the Inter Services Public Relations Saturday. According to the ISPR, DGMO Pakistan Army took up the issue of continuing surg

Published 29 Apr, 2018 12:00am

Pakistan, India establish hotline contact

Hotline Contact was established between Pakistani and Indian directors general military operations, says a press release issued by the Inter Services Public Relations Saturday. According to the ISPR, DGMO Pakistan Army took up the issue of continuing surg

Published 29 Apr, 2018 12:00am

Exchange

Iran says US 'unqualified' to play role in Korean detente

Iran on Saturday welcomed steps towards detente between North and South Korea but warned that the United States was unqualified to play a role since it did not "respect its commitments". The foreign ministry said the meeting between North Korean leader Ki

Published 29 Apr, 2018 12:00am

Exchange

Iran says US 'unqualified' to play role in Korean detente

Iran on Saturday welcomed steps towards detente between North and South Korea but warned that the United States was unqualified to play a role since it did not "respect its commitments". The foreign ministry said the meeting between North Korean leader Ki

Published 29 Apr, 2018 12:00am

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.

Published 29 Apr, 2018 12:00am

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.

Published 29 Apr, 2018 12:00am

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.

Published 29 Apr, 2018 12:00am

HBL PAT

HBL on Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 18, not Q1 17, at Rs 3.12.

Published 29 Apr, 2018 12:00am

Saudi-led strike 'kills dozens' of Yemen rebels

A Saudi-led coalition air strike has killed dozens of Yemeni rebels including two commanders, state media said Saturday, in another blow to the insurgents following the assassination of their political chief. The Huthi rebels staged a public funeral on Sa

Published 29 Apr, 2018 12:00am

Saudi-led strike 'kills dozens' of Yemen rebels

A Saudi-led coalition air strike has killed dozens of Yemeni rebels including two commanders, state media said Saturday, in another blow to the insurgents following the assassination of their political chief. The Huthi rebels staged a public funeral on Sa

Published 29 Apr, 2018 12:00am

SC seeks record of irregularities in SCA

Supreme Court (SC) on Saturday sought the complete record of irregularities in Sindh Coal Authority (SCA) and directed provincial government to inform the court about the projects initiated and funds released by the authority. SC resumed the hearing on ir

Published 29 Apr, 2018 12:00am

SC seeks record of irregularities in SCA

Supreme Court (SC) on Saturday sought the complete record of irregularities in Sindh Coal Authority (SCA) and directed provincial government to inform the court about the projects initiated and funds released by the authority. SC resumed the hearing on ir

Published 29 Apr, 2018 12:00am

SC seeks record of irregularities in SCA

Supreme Court (SC) on Saturday sought the complete record of irregularities in Sindh Coal Authority (SCA) and directed provincial government to inform the court about the projects initiated and funds released by the authority. SC resumed the hearing on ir

Published 29 Apr, 2018 12:00am

Musharraf treason case: prosecution prays special court to pronounce judgement

The prosecution in Gen Pervez Musharraf (retd) high treason case has prayed to the Special Court to conclude the trial and pronounce its judgment on basis of available record. The prosecution team on Saturday filed an application under Section 6(1)(d) & S

Published 29 Apr, 2018 12:00am

Musharraf treason case: prosecution prays special court to pronounce judgement

The prosecution in Gen Pervez Musharraf (retd) high treason case has prayed to the Special Court to conclude the trial and pronounce its judgment on basis of available record. The prosecution team on Saturday filed an application under Section 6(1)(d) & S

Published 29 Apr, 2018 12:00am

Exchange

BUDGET BRIEFING 2018: Comments on Finace Bill 2018

Income Tax

Published 29 Apr, 2018 12:00am

Prices of essential kitchen items remain stable

Prices of essential kitchen items remained stable during this week past against the preceding week, a survey conducted by Business Recorder revealed, here on Saturday. The survey observed that onion price witnessed no change which is available at R

Published 29 Apr, 2018 12:00am

Two planes narrowly escape collision

Two planes narrowly avoided collision at Benazir Bhutto International Airport Islamabad on Saturday. A private airline plane was waiting for command from the control room to take off for Sharjah when another flight from Karachi arrived. The two planes nar

Published 29 Apr, 2018 12:00am

Mobile service restored in Mohmand Agency

Mobile phone service has been restored in Mohmand Agency after the passage 13 months, its closure caused difficulties for tribesmen and negatively affected business activities in the region. It will be mentioned here that last year the authorities on the

Published 29 Apr, 2018 12:00am

SKMCH accredited to US Joint Commission International

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Saturday said that Shaukat Khanum Memorial Cancer Hospital (SKMCH) has been accredited by the United States Joint Commission International and termed the day one of the happiest ones in his life. Taking t

Published 29 Apr, 2018 12:00am

Street crimes on the rise in Islamabad

Despite tight security arrangements in the federal capital, the incidents of snatching of cash, cell phones and other valuables at gunpoint registered a significant increase during the last week. According to data gathered by Business Recorder here

Published 29 Apr, 2018 12:00am

PPP leader criticises Imran

Secretary General Pakistan Peoples Party Syed Nayyar Hussain Bukhari has said that Imran Niazi is a political bubble. His bubble of being a fake Khan will burst in the 2018 general elections. Addressing Party workers at the membership camp in Islamabad on

Published 29 Apr, 2018 12:00am

Exchange

SCCI chief criticises budget

Business community has termed the federal budget for financial year 2018-19 as political incentive and election budget under the prevailing economic conditions of the country, saying the budget was not growth-oriented. Zahidullah Shinwari, president of th

Published 29 Apr, 2018 12:00am

Shah slams government over presentation of budget by 'stranger'

Leader of the Opposition in National Assembly, Syed Khursheed Ahmad Shah has urged the Supreme Court to take action on alleged violation of the Constitution, as a 'stranger' presented the federal budget 2018-19 in the House. Talking to the media here on S

Published 29 Apr, 2018 12:00am

Auto plants of the future may have a surprisingly human touch

Carmakers have big plans for their next generation of factories: smarter designs, artificial intelligence and collaborative robots building a wide range of vehicles on the same line. The plants will also feature a component they say is the secret ingredie

Published 29 Apr, 2018 12:00am

Badly managed Universities

Lack of meritocracy in the selection of higher education officials seems to have become a standard practice rather than an aberration. Taking a suo motu notice on last Sunday of the appointment of vice chancellors of various public sector universities in

Published 29 Apr, 2018 12:00am

Getting rid of pretend doctors

Quackery, a serious public health hazard, is a thriving business in this country. While presiding, during a recent visit to Peshawar, over a three-member bench of the Supreme Court hearing different cases of public interest in Khyber Pakhtunkhwa, Chief Ju

Published 29 Apr, 2018 12:00am

Mayhem in Syria

I last visited Syria in 1997. Had paid the visit as a mark of reverence and gratitude towards Syeda Zainab (RA). What a beautiful city, country it was then. How cheerful were its inhabitants. But what has global politics alongside deformed brains of the l

Published 29 Apr, 2018 12:00am

Exchange

US dollar and Pakistani rupee

Guided and supported by State Bank of Pakistan, Forex Association of Pakistan has taken the much-needed step to arrest the unwarranted slide of rupee against US dollar. Forex Association of Pakistan is now fixing and releasing the daily rates for trading

Published 29 Apr, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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