News Archives for Print - 2018-05-13

The rupee sustained its overnight levels in terms of the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed no change in relation to the greenback for buying and selling at Rs 117.30 and Rs 117.80, they said.

Published 13 May, 2018 12:00am

Currency

THE RUPEE: steadier trend

The rupee sustained its overnight levels in terms of the dollar on the money market on Saturday in the process of trading, dealers said. The rupee showed no change in relation to the greenback for buying and selling at Rs 117.30 and Rs 117.80, they said.

Published 13 May, 2018 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (May 12, 2018).

Published 13 May, 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 (May 12, 2018).

Published 13 May, 2018 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 May, 2018 12:00am

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures closed higher on Thursday after the US Department of Agriculture projected 2018-19 soyabean ending stocks at 415 million bushels, below most trade expectations.

Published 13 May, 2018 12:00am

European gasoline cracks extend gains

Benchmark northwest European gasoline barge cracks extended gains on Thursday, buoyed by a big draw in US inventories last week. Trading activity was largely muted, with several European countries having public holidays. US gasoline stocks fell by 2.2 mil

Published 13 May, 2018 12:00am

Brazil's April coffee exports seen stable

Brazil exported 1.98 million 60-kg bags of green coffee in April, 0.9 percent more than in the same period last year, exporters association Cecaff said in a monthly report on Wednesday. Although they were stable compared to the previous year, April shipme

Published 13 May, 2018 12:00am

CBOT corn futures modestly lower

Chicago Board of Trade corn futures ended fractionally lower on Thursday on technical selling and spillover weakness from wheat. CBOT July corn settled down 3/4 cent at $4.02 per bushel. Market drew underlying support from the US Department of Agriculture

Published 13 May, 2018 12:00am

Bangladesh tea prices flat

Tea prices in Bangladesh were barely changed at the weekly auction amid a higher supply than the previous sale, although strong demand for quality leaf capped a steeper price decline. Bangladeshi tea fetched an average of 213.09 taka ($2.6) per kg at the

Published 13 May, 2018 12:00am

CBOT wheat futures fall to two-week low

Chicago Board of Trade wheat futures fell Thursday to a near two-week low after the US Department of Agriculture's first official estimate of the 2018-19 US wheat harvest came in above trade expectations, traders said. Chicago Board of Trade July soft red

Published 13 May, 2018 12:00am

Vietnamese rice export prices up to four-year high

Export prices for rice surged to a near four-year high in Vietnam this week due to strong demand, while slow buying interest put pressure on prices of Indian rice. The threat of floods also raised the prospect of Bangladesh stepping up purchases. Vietnam'

Published 13 May, 2018 12:00am

China to cut soyabean imports as trade row boosts prices

China will cut its soyabean imports for the first time in 15 years in 2018/19, the agriculture ministry forecast on Thursday, as a trade spat with the United States pushes pig farmers in the world's top buyer to seek cheaper proteins. In its first predict

Published 13 May, 2018 12:00am

Cotton

Subdued business on cotton market

Subdued business was seen on the local market on Saturday as most of the leading buyers kept on the sidelines due to short supply position, dealers said. The official spot rate was unchanged at Rs 7400, they added. In the ready session, approximately, 100

Published 13 May, 2018 12:00am

Currency

China plans to open more iron ore futures markets

China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its "internationalised" iron ore contract, part of a bid to boost its sway over pricing of major commodity imports. Global mercha

Published 13 May, 2018 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, getting a boost from higher soyabean prices after a US report forecast smaller than expected supplies. The US Department of Agriculture projected soyabean ending stocks at the end of the 2018-19 marketing year

Published 13 May, 2018 12:00am

Brazil's second-corn output to drop 12 percent

Brazil's 2017-18 second-corn crop output is expected to fall by 12 percent this season, consultancy Agroconsult said on Thursday, citing a poor climate and a small reduction of planted area. Brazil's second-corn crop will fall to 60.2 million tonnes this

Published 13 May, 2018 12:00am

European wheat prices lower after USDA monthly report

European wheat prices turned lower on Thursday as the market digested a monthly report issued by the US Department of Agriculture which also triggered losses in Chicago. The government report put US wheat ending stocks at 955 million bushels for 2018/19 a

Published 13 May, 2018 12:00am

Asian naphtha rises to 4-1/2 month high

Asia's naphtha crack extended gains for the sixth straight session to hit a near 4-1/2 month high on Thursday at $106.03 a tonne as supplies were squeezed while demand stayed firm. Formosa, Asia's top naphtha buyer, bought around 100,000 tonnes of open-sp

Published 13 May, 2018 12:00am

Chinese iron ore, steel little changed; outlook firm

China's iron and steel market wobbled to find a direction on Thursday as spot trading continued to be dull, although analysts held onto a positive outlook for the world's largest steelmaking country. The most-active construction rebar futures on the Shang

Published 13 May, 2018 12:00am

EU cereal crops in good shape, dryness a risk in east

Cereal crops in the EU are generally in good shape, partly reflecting improved conditions in Spain after drought last year, but grain belts in the east of the bloc could suffer if hot weather continues, analyst firm Strategie Grains said. After a chilly,

Published 13 May, 2018 12:00am

Currency

Heavy rains hit harvest of Argentine soya crop

Soya harvesting machines are getting stuck in the mud as they try to move over water-logged fields in Argentina, threatening the country's main cash crop as the government tries to stabilize its volatile peso currency and meet its new deficit target. The

Published 13 May, 2018 12:00am

Currency

Hot-money risks seen rising as India courts 'bond tourists'

A series of measures from India's central bank to lure foreign buyers into the country's short-term debt market could easily backfire, investors fear, exposing the economy to volatile "hot money" flows. The Reserve Bank of India lifted (RBI) a restriction

Published 13 May, 2018 12:00am

Currency

Hot-money risks seen rising as India courts 'bond tourists'

A series of measures from India's central bank to lure foreign buyers into the country's short-term debt market could easily backfire, investors fear, exposing the economy to volatile "hot money" flows. The Reserve Bank of India lifted (RBI) a restriction

Published 13 May, 2018 12:00am

Canadian main index rises

The Toronto Stock Exchange's S&P/TSX rose 23.82 points, or 0.15 percent, to 15,983.32, its seventh straight gain. The index rose 1.6 for the week, its best weekly performance since mid-February. The biggest contributor to the TSX gain was Enbridge with 10

Published 13 May, 2018 12:00am

China wants banks, brokerages to buy more local government bonds

China will encourage banks, brokerages, insurers and individuals to invest more in local government bonds as part of steps to shore up their bond issuance, the finance ministry said on Tuesday. Beijing has pushed to get local governments' borrowing under

Published 13 May, 2018 12:00am

China wants banks, brokerages to buy more local government bonds

China will encourage banks, brokerages, insurers and individuals to invest more in local government bonds as part of steps to shore up their bond issuance, the finance ministry said on Tuesday. Beijing has pushed to get local governments' borrowing under

Published 13 May, 2018 12:00am

Currency

Japanese investors buy record amount of Spanish bonds

Japanese investors bought a record 282.1 billion yen ($2.57 billion) of Spanish bonds in March, Japanese government data showed on Thursday, highlighting increased foreign demand for euro zone debt. Net Japanese buying of Spanish bonds surpassed a previou

Published 13 May, 2018 12:00am

Currency

Japanese investors buy record amount of Spanish bonds

Japanese investors bought a record 282.1 billion yen ($2.57 billion) of Spanish bonds in March, Japanese government data showed on Thursday, highlighting increased foreign demand for euro zone debt. Net Japanese buying of Spanish bonds surpassed a previou

Published 13 May, 2018 12:00am

Foreign selling of Asian stocks accelerated as trade tensions rose

Foreigners withdrew money from Asian equity markets for the third consecutive month in April as rising US bond yields and trade tensions between the United States and China soured investors' appetite for riskier assets. Overseas investors sold about $6.5

Published 13 May, 2018 12:00am

Rate hikes, soft data flatten yield curve to decade low

The Treasury yield curve on Friday was the flattest it had been since July 2007 as shorter-dated yields rose on expectations the Federal Reserve would hike US interest rates in spite of weaker-than-expected economic data this week. The spread between the

Published 13 May, 2018 12:00am

Rate hikes, soft data flatten yield curve to decade low

The Treasury yield curve on Friday was the flattest it had been since July 2007 as shorter-dated yields rose on expectations the Federal Reserve would hike US interest rates in spite of weaker-than-expected economic data this week. The spread between the

Published 13 May, 2018 12:00am

Cyber security firm Avast falls in LSE's biggest debut of the year

Cyber security firm Avast shares were down 2.6 percent in early trade on Thursday in the London Stock Exchange's biggest debut in almost a year. Priced at 250 pence per share, the private equity-backed firm was trading at 243.5 pence as of 0801 GMT. Banke

Published 13 May, 2018 12:00am

Cyber security firm Avast falls in LSE's biggest debut of the year

Cyber security firm Avast shares were down 2.6 percent in early trade on Thursday in the London Stock Exchange's biggest debut in almost a year. Priced at 250 pence per share, the private equity-backed firm was trading at 243.5 pence as of 0801 GMT. Banke

Published 13 May, 2018 12:00am

AXA's US float falls short but says XL financing on track

AXA's listing of its US division raised less than targeted, but the French group said the proceeds were enough to ensure it can pursue a $15.3 billion acquisition of XL Group. Europe's second-biggest insurer by market capitalisation behind Allianz said it

Published 13 May, 2018 12:00am

Currency

Buffett bashes bitcoin as thriving on mystique, favours stocks

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will pay more for it. Likening bitcoin demand to the tulip bulb mania in 17th centur

Published 13 May, 2018 12:00am

Mutual Funds

US-based emerging market stock funds post largest outflows since 2016

US fund investors are wavering on one of their favourite bets of the last year, walloping emerging-market stocks and hunkering down in short-term bonds. Funds offered in the United States but invested in shares in emerging markets recorded $870 million in

Published 13 May, 2018 12:00am

Mutual Funds

US-based emerging market stock funds post largest outflows since 2016

US fund investors are wavering on one of their favourite bets of the last year, walloping emerging-market stocks and hunkering down in short-term bonds. Funds offered in the United States but invested in shares in emerging markets recorded $870 million in

Published 13 May, 2018 12:00am

Currency

Wall Street rises with healthcare rally after Trump's speech

The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them. Johnson & Johnson and Pfizer each rose over 1 percent while Merck & Co jumped 2.8 percent aft

Published 13 May, 2018 12:00am

Software giant SAP navigates Russian risks

Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany's SAP is thriving. SAP is the clear leader in the Russian business-planning software market, supplying 53 of the to

Published 13 May, 2018 12:00am

Chinese, Middle East and Russian firms in talks to build refinery in Sri Lanka

Chinese, Middle East and Russian companies are in "preliminary discussions" to build an up to $2.7 billion, 100,000 barrel-per-day (bpd) refinery for Sri Lanka's state-owned Ceylon Petroleum Corporation (CPC), the head of the fuel retailer said on Friday.

Published 13 May, 2018 12:00am

Protests in Cairo over metro fare rises

Dozens of Egyptians have protested at Cairo metro stations in a rare display of public discontent as the government tightens spending and pushes austerity measures, according to posts on social media. The government raised the price of tickets on Cairo's

Published 13 May, 2018 12:00am

Parts shortage halts Mercedes Benz SUV production

The parts shortage that halted production at Ford, General Motors and Fiat-Chrysler factories has now forced Mercedes-Benz to stop building SUVs at its plant in the US state of Alabama, the automaker said Friday. The Mercedes-Benz US International Inc. pl

Published 13 May, 2018 12:00am

Sri Lanka president visits Iran for oil trade deals

Sri Lanka's President Maithripala Sirisena left on a two-day visit to Iran Saturday to improve trade relations and secure investment from the Islamic republic, his office said. Sirisena will hold talks with his Iranian counterpart Hassan Rouhani on streng

Published 13 May, 2018 12:00am

German firms positive about future

A record number of German companies believe economies in foreign markets where they do business will improve despite rising political and trade risks, a survey published on Friday showed. Some 40 percent of the 5,100 companies surveyed during March and Ap

Published 13 May, 2018 12:00am

China's Didi suspends car-pool service after passenger murder

Chinese ride-hailing giant Didi Chuxing said Friday it would suspend its car-pool service for a week as it deals with an outcry over the murder of a flight attendant found dead after ordering a ride home. The 21-year-old woman, identified by police only b

Published 13 May, 2018 12:00am

India's industrial growth slows to five-month low in March

India's industrial output growth slowed to a five-month low of 4.4 percent in March, dragged down by smaller increases in mining, but the central bank is expected to hold interest rates in its next policy meeting amid growing inflation concerns.

Published 13 May, 2018 12:00am

News Corp reports loss on writedowns, weakness in newspapers

Rupert Murdoch's newspaper-focused News Corp on Thursday reported a loss in the past quarter, as results were hit by a writedown in the value of its Australian television operations and declines in print advertising revenues. The New York-based media grou

Published 13 May, 2018 12:00am

Russian companies to benefit from US-Iran withdrawal

While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of US sanctions than Europe and its companies could even benefit from the move. "The deal and the lifting of sanc

Published 13 May, 2018 12:00am

Currency

African currencies week ahead: Kenya shilling seen on back foot, Zambian kwacha firm

Kenya's shilling is likely to come under pressure next week but Zambia's currency is expected to hold firm.

Published 13 May, 2018 12:00am

Currency

Canadian dollar falls from three-week high

The Canadian dollar weakened against its US counterpart on Friday, with the currency pulling back from an earlier three-week high after domestic jobs data tempered expectations for a Bank of Canada interest rate hike this month. At 4 p.m. EDT (2000 GMT),

Published 13 May, 2018 12:00am

Currency

Argentina peso hits record low; central bank intervenes

Argentina's peso tumbled to a record low against the dollar on Friday, prompting the central bank to intervene in the spot market for a second straight day, as talks for an International Monetary Fund financing line failed to calm traders.

Published 13 May, 2018 12:00am

Currency

Dollar resurgence to be short-lived, euro still favored

The dollar's newfound shine will fade as the US economy's strength and higher interest rates won't support the currency's resurgence for longer than another three months at most, a Reuters poll found. After falling over 2 percent in the first quarter, in

Published 13 May, 2018 12:00am

Currency

Dollar little changed on week, Swedish crown extends rally

The dollar fell for a third day on Friday against a basket of currencies as traders booked gains on its recent run-up spurred by the widening interest rate gaps in favour of the United States and signs of cooling growth in the rest of the world. The Swedi

Published 13 May, 2018 12:00am

Currency

Russia to up daily FX purchases

Russia's Finance Ministry said it would increase its daily purchases of foreign currency for state reserves to the equivalent of 16.1 billion roubles ($256.74 million) between May 10 and June 6. Total purchases for the upcoming period will be equivalent t

Published 13 May, 2018 12:00am

Speculators cut US dollar shorts to lowest in 11 weeks

Speculators' net short dollar position in the latest week fell to its lowest level in nearly three months, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position wa

Published 13 May, 2018 12:00am

Currency

FX trading volumes in April rise 18 percent

Currency trading on Thomson Reuters' platforms rose almost 18 percent in April from the same month a year earlier as the strong start to 2018 continued, although volumes were down slightly on March, the company said on Tuesday. Average daily volumes in Ap

Published 13 May, 2018 12:00am

Kodak blockchain project seeks to raise $50 million in token offering

Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co, said on Thursday it intends to raise up to $50 million in a combined public and private token offering. Wenn Digital has created the blockchain-based syst

Published 13 May, 2018 12:00am

Currency

China central bank says to maintain neutral policy, stable yuan

China's central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday. The central bank's surprising cut in reserve requirement ratios (RRR) o

Published 13 May, 2018 12:00am

Currency

Sterling's recent pounding over, set to bounce back

Sterling's recent slide is a blip and the currency will bounce back over the coming year, once again approaching pre-Brexit referendum levels, according to a Reuters poll of foreign exchange strategists. Predictions the Bank of England would raise rates t

Published 13 May, 2018 12:00am

Morocco gives millers incentives to use domestic wheat, not imports

Morocco on Friday announced a set of incentives for local millers to opt for domestic wheat instead of imports. They include a flat rate subsidy of 10 dirhams ($1.068) per 100 kg of soft wheat to millers using local wheat, the Ministry of Agriculture said

Published 13 May, 2018 12:00am

Global 2018-19 sugar output will outstrip demand by 12.59 million tonnes: S&P

World sugar production will outstrip demand by 12.59 million tonnes in the 2018/19 crop year that begins on Oct. 1, according to an industry presentation from sugar analysts at S&P Global Platts/Kingsman during New York "Sugar Week."

Published 13 May, 2018 12:00am

Funds adopt record positions in both CBOT soyameal, soyaoil

Commodity funds opened the month holding record bullish views in Chicago-traded soyabean meal and record bearish views in soyabean oil, creating the most lopsided speculative positioning in history between the two soya products.

Published 13 May, 2018 12:00am

Glencore and Rusal ask LME to lift suspension on Rusal's aluminium

Glencore and United Company Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal's aluminium after an extension of the deadline for companies to wind down contracts with the Russian firm under US sanctions, sources said.

Published 13 May, 2018 12:00am

Cotton

ICE cotton futures inch up after hitting two-week lows

ICE cotton futures edged up slightly after touching their lowest in more than two-weeks on Friday after the demand outlook from the United States Department of Agriculture on Thursday disappointed investors. The most active ICE cotton contract for July ex

Published 13 May, 2018 12:00am

Brazil to pass US as world's largest soya producer in 2018

Brazil will surpass the United States as the largest producer of soyabeans this year, taking over the top ranking for the first time in history, oilseeds crusher group Abiove said on Friday. The US is expected to harvest 116.48 million tonnes of soyabeans

Published 13 May, 2018 12:00am

Huge Indian sugar supplies dull bullish sentiment from Brazil curbing output

A giant sugar crop from India this year will more than compensate for the lowest output in a decade from central Brazil, millers and traders said this week, putting the market on course for two years of record global oversupply.

Published 13 May, 2018 12:00am

Louis Dreyfus loosens grip on robusta coffee stocks ahead of contract change

Louis Dreyfus Company has offloaded the bulk of its certified robusta coffee stocks ahead of a rule change that will make it more expensive to carry the coffee forward, industry sources told Reuters. Some 59,270 tonnes of robusta coffee has changed hands

Published 13 May, 2018 12:00am

USDA sees US corn, soya, wheat supplies falling in 2018-19

US soyabean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the US Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to

Published 13 May, 2018 12:00am

USDA predicts record soyabean exports despite China trade dispute

US soyabean exports will break a record in the upcoming marketing year despite the growing threat of a trade war with top-buyer China, the US Department of Agriculture said on Thursday, but traders expressed doubts about that forecast.

Published 13 May, 2018 12:00am

Last-minute penalty gives battling Cardiff European Challenge Cup

Cardiff Blues won the European Challenge Cup for the second time on Friday with a dramatic 31-30 victory over Gloucester secured by a nerveless, last-minute penalty from Gareth Anscombe. The Welsh side, who were also champions in 2010, were 20-6 down at h

Published 13 May, 2018 12:00am

Tour de Khunjrab: Abdullah wins second stage Rakaposhi-Sost

Super-fit of Pakistan Army Abdullah came from behind crossing a last leg of 10-km in just 12 minutes creating a dash record of 74-kilometer per hour by winning the second stage of 110 km of the Serena International Tour de Khunjrab Road Cycle Race after l

Published 13 May, 2018 12:00am

Ferdinand admits to placing club above country at major finals

Former England star Rio Ferdinand's confession that he placed club above country when he played at two World Cup finals will be one present England manager Gareth Southgate hopes to avoid in Russia. The 39-year-old former central defender won 81 caps for

Published 13 May, 2018 12:00am

Liverpool and Real fans in for Kiev hotel price shock

Fancy shelling out 3,500 euros ($4,200) for a night in a budget hotel? Liverpool and Real Madrid fans who do not may end up sleeping rough for the night when they come to Kiev for the Champions League final. The Ukrainian capital is the focus of fan fury

Published 13 May, 2018 12:00am

Legendary football commentator Motson to hang up mike

Legendary BBC commentator John Motson retires on Sunday after half a century of loyal service that made him and his trademark sheepskin coat a fixture of English football fans' weekends. The 72-year-old - who has commentated on 29 FA Cup finals and six Wo

Published 13 May, 2018 12:00am

Minister condoles Mansoor's death

Provincial Minister HR&MA Khalil Tahir Sandhu has expressed deep sense of sorrow and grief over the death of Pakistan hockey legend Mansoor Ahmed. In a condolence message, the Minister prayed that may Allah Almighty rest the departed soul in eternal peace

Published 13 May, 2018 12:00am

Lewis Hamilton takes pole for the Spanish Grand Prix

Lewis Hamilton roared back to form and secured a stunning pole position for Sunday's Spanish Grand Prix when he delivered a record-breaking qualifying lap on Saturday. The defending four time world champion and current series leader broke the track lap re

Published 13 May, 2018 12:00am

Diamond League Shanghai: Prescod beats Gatlin and Shanghai rain for shock 100m win

Britain's Reece Prescod burst out of nowhere to upstage world champion Justin Gatlin and beat the wet weather to win a thrilling 100m on the line in Shanghai on Saturday. Running unnoticed out in lane number nine, the unheralded 22-year-old grabbed a shoc

Published 13 May, 2018 12:00am

Swede Kokocinski wins maiden Asia Tour title

Sweden's Malcolm Kokocinski secured his maiden Asian Tour title when he fired six-under-par 65 in the final round to win the AB Bank Bangladesh Open by three shots in Dhaka on Saturday. Kokocinski overturned a three-shot deficit from the third round to ca

Published 13 May, 2018 12:00am

Ireland off to flying start as inaugural Test gets underway at last

Ireland took two wickets in two balls as their inaugural men's Test finally got going at Malahide on Saturday. Pakistan were reduced to 13 for two, with Boyd Rankin and Tim Murtagh the successful bowlers.

Published 13 May, 2018 12:00am

19 dead in fighting between Myanmar army, rebels

At least 19 people were killed Saturday in northern Myanmar when ethnic rebels attacked security force posts and a casino in an area bordering China, the most deadly flare-up in recent years that undercuts government efforts to win peace in the troubled c

Published 13 May, 2018 12:00am

NASA plans to send mini-helicopter to Mars

The US space agency said Friday it plans to launch the first-ever helicopter to Mars in 2020, a miniature, unmanned drone-like chopper that could boost our understanding of the Red Planet. Known simply as "The Mars Helicopter," the device weighs less than

Published 13 May, 2018 12:00am

Eleven Iranians among dead in Israel strikes on Syria

At least 11 Iranians were among those killed in unprecedented Israeli strikes on Syria this week, a monitor said Saturday. "At least 27 pro-regime fighters were killed" in Thursday's strikes, said Rami Abdel Rahman, director of the Britain-based Syrian Ob

Published 13 May, 2018 12:00am

Syria fight against IS in Damascus stalls, dozens dead

At least 86 pro-regime fighters were killed in Syria over the past week in battles against the IS group as regime forces push to clear jihadists from their last stronghold in Damascus, a monitor said Saturday.

Published 13 May, 2018 12:00am

New leader for Hungary's formerly far-right Jobbik

Hungary's formerly far-right party Jobbik elected a new leader Saturday seen as likely to keep it on its current path away from its extremist roots. Tamas Sneider, 45, was chosen as Jobbik president at a party congress, a spokesman told reporters, after f

Published 13 May, 2018 12:00am

Japan MP under fire for saying single women a state burden

A Japanese lawmaker has come under fire after saying women should have several children or risk becoming a burden on the state. Kanji Kato, a 72-year-old MP in Prime Minister Shizo Abe's ruling Liberal Democratic Party (LDP), said newlyweds should raise a

Published 13 May, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 5	277.92
USD PKR Interbank Buying / Nov 5	277.72
USD to Japanese Yen / Nov 5	152.45
USD to Swiss Franc / Nov 5	0.86
Pound Sterling to USD / Nov 5	1.30
Euro to USD / Nov 5	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
Nasdaq / Nov 4	18,179.98
Dow Jones / Nov 4	41,794.60
India Sensex / Nov 5	78,731.05
Tokyo Nikkei / Nov 5	38,537.29
Hang Seng / Nov 5	20,865.77
FTSE 100 / Nov 5	8,191.31
Germany DAX 30 / Nov 5	19,121.64

Item	Value
Petrol/Litre / Nov 5	248.38
Crude Oil USD/Barrel / Nov 5	71.49
Karachi Cotton PKR/37.32 KG / Nov 5	18,285
Gold 10 Grams PKR / Nov 5	242,798
Gold Spot USD/Ounce / Nov 5	2,732.66
Diesel/Litre / Nov 5	255.14

Stock	Price
786 Invest Ltd / Nov 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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