News Archives for Print - 2018-05-28

''''Unsustainable'''' power sector: banks refuse to extend further loans

A syndicate of seven commercial banks has reportedly refused to extend further loans to the "unsustainable" power sector if overdue principal portion of loans is not cleared prior to seeking a new facility of Rs 40 billion, well informed sources told B

Published 28 May, 2018 12:00am

''Unsustainable'' power sector: banks refuse to extend further loans

A syndicate of seven commercial banks has reportedly refused to extend further loans to the "unsustainable" power sector if overdue principal portion of loans is not cleared prior to seeking a new facility of Rs 40 billion, well informed sources told B
Published 28 May, 2018 12:00am

'Unsustainable' power sector: banks refuse to extend further loans

A syndicate of seven commercial banks has reportedly refused to extend further loans to the "unsustainable" power sector if overdue principal portion of loans is not cleared prior to seeking a new facility of Rs 40 billion, well informed sources told B
Published 28 May, 2018 12:00am

Currency
THE RUPEE: weak trend

An easier trend prevailed on the money market as the rupee fell sharply against the dollar during the week, ended on May 26, 2018, marketment said. In the open market, the rupee dropped nearly Re one in terms of the dollar for buying and selling at Rs 118
Published 28 May, 2018 12:00am

Russia forces among dozens dead in Syria

Russian fighters were among dozens of pro-government forces killed in eastern Syria this week in a deadly wave of attacks by Islamic State group jihadists, Moscow and a monitor said Sunday.
Published 28 May, 2018 12:00am

Afghan high-level delegation meets CoAS

Afghan delegation led by Afghanistan National Security Adviser (NSA) Mohammad Hanif Atmar called on Chief of the Army Staff (CoAS) General Qamar Javed Bajwa, here on Sunday. Quoting ISPR, Aaj News reported that bilateral issues were discussed at the meeti
Published 28 May, 2018 12:00am

The Weather

The weather report on Sunday (May 27, 2018) and the forecast for Monday (May 28, 2018).

Published 28 May, 2018 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2017)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 28 May, 2018 12:00am

Currency
Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 21 to 25,2018).

Published 28 May, 2018 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 May, 2018 12:00am

China shuttlers regain glory with Thomas Cup win

China's men took home the Thomas Cup on Sunday, clawing back to beat Japan 3-1 and compensate for their early exit from the previous tournament in 2016. China, which boasts some of the world's best players, was the tournament favourite despite not having
Published 28 May, 2018 12:00am

Sri Lanka Cricket suspends two caught in pitch-fixing sting

Sri Lanka Cricket on Sunday suspended a player and a groundsman who allegedly agreed to tamper with the pitch to alter the result of an upcoming Test against England, as police launched an investigation into the claims. The Sri Lankan board (SLC) said it
Published 28 May, 2018 12:00am

Salah 'confident' for World Cup despite shoulder injury

Egypt's Mohamed Salah is "confident" of being fit for the World Cup despite suffering a shoulder injury in Liverpool's Champions League final defeat against Real Madrid. Salah was forced off in tears during the first half of the 3-1 loss in Kiev on Saturd
Published 28 May, 2018 12:00am

Bale breaks Liverpool hearts as Real Madrid win Champions League

Gareth Bale came off the bench to score twice, including one of the all-time great goals in a Champions League final, as Real Madrid beat Liverpool 3-1 in Kiev on Saturday to take the trophy for the third year running. Bale's jaw-dropping overhead kick in
Published 28 May, 2018 12:00am

Root and Bayliss slam 'outrageous' claims of England 'fixing' in India

England captain Joe Root and coach Trevor Bayliss both described allegations their side fixed aspects of a Test against India at Chennai in 2016 as "outrageous".
Published 28 May, 2018 12:00am

Nishikori beats wildcard Janvier

Japan's Kei Nishikori saw off the challenge of French youngster Maxime Janvier to book his spot in the second round at Roland Garros on Sunday. The 19th seed had to work hard to get past the plucky 21-year-old wildcard, but was always the stronger player
Published 28 May, 2018 12:00am

Zverev opens French Open campaign with crushing win

Second seed Alexander Zverev got his French Open title bid off to the perfect start with a 6-1, 6-1, 6-2 thrashing of Lithuanian Ricardas Berankis on Sunday. The 21-year-old, who arrived at Roland Garros on a hot streak of form after titles in Munich and
Published 28 May, 2018 12:00am

Dimitrov downs mystery man at Roland Garros, Venus, Kyrgios out

Fourth seed Grigor Dimitrov reached the French Open second round on Sunday, even if he wasn't exactly sure who he was facing, while Venus Williams was defeated and Australian firebrand Nick Kyrgios limped out. Dimitrov had been drawn to face experienced V
Published 28 May, 2018 12:00am

Pakistan thrash England to win Lord's Test

Pakistan completed a convincing nine-wicket victory over England to win the first Test at Lord's with more than a day to spare on Sunday. Set a target of just 64 on the fourth morning, Pakistan finished on 66 for one before lunch to go 1-0 up in this two-
Published 28 May, 2018 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 83.70-83.70 (Previous 83.70-83.70).
Published 28 May, 2018 12:00am

Overstock.com unit, BOX to launch security token exchange

Overstock.com unit to.com (tZERO) and BOX Digital Markets said on Tuesday they plan to launch a regulated exchange for security tokens. Security tokens are digital representations of financial assets such as stocks, real estate or debt. Analysts said ther
Published 28 May, 2018 12:00am

Big Tech stocks most crowded trade for fourth straight month

Global investors clung to their preference for the tech sector in May, with shares in so-called FAANG and BAT companies remaining the most crowded trade for the fourth straight month, according to a survey by Bank of America Merrill Lynch. The bank said o
Published 28 May, 2018 12:00am

Oil price dip pressures Saudi index

Saudi stocks slid below a key barrier on Sunday, hurt by the latest drop in oil prices and concerns over valuations of blue-chip companies, while property and banking shares slipped in Dubai and Abu Dhabi after big gains last week.
Published 28 May, 2018 12:00am

Currency
Dollar surge raises hopes for volatile Foreign Exchanges

The US dollar's unexpected surge over the past month is encouraging currency traders to pray for a return of lucrative but long-dormant price volatility on the main foreign exchanges, although early signs on that are strangely subdued.
Published 28 May, 2018 12:00am

Currency
China's offshore money rates rise

Offshore yuan money market rates rose this week ahead of the inclusion of Chinese stocks in MSCI indexes, which is expected to drive strong demand for the currency, although analysts say recent central bank moves will prevent a liquidity crunch. One-year
Published 28 May, 2018 12:00am

Currency
As bitcoin world wobbles, mining rig firm plans $2 billion IPO

Bitcoins are worth less than half of what they were in December. Mining them is 60 percent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers. Why, then, is Canaan Inc, a leading cryptocurrency
Published 28 May, 2018 12:00am

Top shareholder in Turkey's Sok ups demand for IPO

The largest shareholder in Turkish discount grocer Sok Marketler has placed an order for a further $100 million in its upcoming stock market listing, one of the bookrunners said on Wednesday, a move that could help boost demand for the flotation.
Published 28 May, 2018 12:00am

Mutual Funds
US investors charge back into stock ETFs

Investors raced into US stock exchange-traded funds during the latest week, restoring at least briefly a key pillar of support for markets, data from the Investment Company Institute showed on Wednesday. US-based equity ETFs collected $11.2 billion during
Published 28 May, 2018 12:00am

Wall Street week ahead: investors find little appetite for consumer staples

The consumer staples index, the S&P 500's biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour. The sector, which includes suppliers of so-called recession-proof item
Published 28 May, 2018 12:00am

Egg a day tied to lower risk of heart disease

People who eat an egg just about every day may have a lower risk of heart attack and stroke than individuals who don't eat eggs at all, a large Chinese study suggests.
Published 28 May, 2018 12:00am

Scientists discover how breast cancer hibernates: study

Scientists have identified the mechanism that allows breast cancer cells to lie dormant in other parts of the body only to reemerge years later with lethal force, according to a study published on Tuesday.
Published 28 May, 2018 12:00am

How human brains became so big

The human brain is disproportionately large. And while abundant grey matter confers certain intellectual advantages, sustaining a big brain is costly - consuming a fifth of energy in the human body.
Published 28 May, 2018 12:00am

Walk and chew gum, it may keep you thin

Still looking for the secret to effortless weight loss? It may be as simple as chewing gum while walking, Japanese researchers suggested on Saturday.
Published 28 May, 2018 12:00am

Fewer hurricanes forecast for 2018 Atlantic season

After the most expensive hurricane season on record last year, US officials said Thursday to expect a more normal Atlantic season in 2018 with five to nine hurricanes in total. Last year was particularly devastating, with hurricanes Harvey, Irma and Maria
Published 28 May, 2018 12:00am

Why the world needs more than one Ebola vaccine?

In the life-and-death race to make the first effective vaccine against Ebola, one company - Merck - seems bound to win. But others drugmakers, such as Johnson & Johnson and GlaxoSmithKline, are also in the running - and must stick with it even though they
Published 28 May, 2018 12:00am

Uber taps into Japan with first taxi-hailing pilot

Uber announced Tuesday it would start its first taxi-hailing pilot programme in Japan this summer, as it bids to break into a tough market in the world's third largest economy. The US firm has found it difficult to penetrate the Japanese market, where ris
Published 28 May, 2018 12:00am

Lenovo posts $189 million full-year loss on one-time write-off

Chinese technology giant Lenovo on Thursday said it recorded a $189 million net loss for its full fiscal year due mainly to a one-time charge, while saying it was planning an overhaul to broaden its appeal.
Published 28 May, 2018 12:00am

Digital Life: cutting back on a constant smartphone habit

Why are we checking Facebook, Instagram, Twitter, then Facebook again when we just wanted to check the weather? Turns out, smartphone addiction is by design. Think of the constant stream of notifications, colour schemes in apps and all the "likes," follow
Published 28 May, 2018 12:00am

Tech 'Nobel' awarded to Finnish physicist for small smart devices

Finnish materials physicist Tuomo Suntola, who developed a groundbreaking technology to reduce the size of complex devices, on Tuesday won Finland's take on the Nobel science prizes. The 74-year-old was awarded the Millennium Technology Prize worth one mi
Published 28 May, 2018 12:00am

Acer unveils two high-end laptops after capturing US education market

Acer Inc unveiled two high-end laptops running Google's Chrome OS on Wednesday as the companies take their first big stab at getting Chromebooks into businesses after capturing the US education market. The Taiwanese computer maker, which IDC estimates was
Published 28 May, 2018 12:00am

Italy to auction 5G frequencies by end-September

Italy's communications regulator AGCOM said on Wednesday the government would auction frequencies for fifth-generation mobile services in September, in a move it expects to raise at least 2.5 billion euros ($2.9 billion) for state coffers.
Published 28 May, 2018 12:00am

Amazon eyes Latam expansion, opens office in Argentina

Amazon.com Inc aims to expand cloud computing operations in Latin America, a company executive said on Monday, after its Amazon Web Services unit opened an office in Buenos Aires on April 8. That added to Amazon offices in Brazil, Chile, Colombia and Mexi
Published 28 May, 2018 12:00am

Kerb
Global Facebook users to get 'good' EU-style safeguards

Facebook CEO Mark Zuckerberg said Thursday that he was rolling out the privacy controls demanded by European regulators to Facebook users worldwide because "everyone cares about privacy".
Published 28 May, 2018 12:00am

Target's profit miss overshadows sales growth

Target Corp's first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins. Comparable store sales rose more than analysts expected, boosted by the strongest growth in customer vi
Published 28 May, 2018 12:00am

Global M&A hits record $2 trillion in year to date

Global mergers and acquisitions have already reached $2 trillion in 2018, a record for the value of deals in the period, Thomson Reuters data showed on Tuesday.
Published 28 May, 2018 12:00am

Currency
Swiss bank Julius Baer's managed wealth hits record

Assets under management at Julius Baer rose 3 percent in the first four months of 2018 to a record 401 billion Swiss francs ($404 billion), the Swiss private bank said on Wednesday. "The rise in AuM (assets under management) came on the back of continued
Published 28 May, 2018 12:00am

AirAsia X reports four-fold Q1 profit jump

Malaysia's long-haul budget carrier AirAsia X Bhd logged a four-fold jump in quarterly profit on Tuesday, courtesy of higher passenger volume and shrinking costs. Net profit for the January-March quarter rose to 41.5 million ringgit ($10.47 million) from
Published 28 May, 2018 12:00am

Tata Motors Q4 profit halves on one-off charge

Tata Motors Ltd's fourth quarter profit halved, missing analysts' estimates due to higher expenses and a one-time impairment charge for certain product development programmes, the Indian automaker said on Wednesday.
Published 28 May, 2018 12:00am

Canada's two biggest banks beat profit forecasts

Royal Bank of Canada and Toronto-Dominion Bank, Canada's two biggest lenders, on Thursday reported second quarter earnings which were ahead of market expectations, shrugging off concerns over slowing mortgage growth. RBC, Canada's biggest lender by market
Published 28 May, 2018 12:00am

Adobe to buy Magento Commerce for $1.68 billion

Adobe Systems Inc said on Monday it would buy e-commerce services provider Magento Commerce from private equity firm Permira for $1.68 billion in cash, its biggest deal in nearly a decade. Shares of Adobe rose about 1 percent in extended trading after the
Published 28 May, 2018 12:00am

Airbus says obeying WTO subsidy verdict as sanctions loom

Airbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus.
Published 28 May, 2018 12:00am

Emirates NBD to buy Turkey's Denizbank for $3.2 billion

Emirates NBD has agreed to buy Turkish lender Denizbank for 14.6 billion liras ($3.19 billion) from Russia's Sberbank, its biggest ever acquisition. Emirates NBD said in January it had started initial strategic talks with Sberbank about a possible purchas
Published 28 May, 2018 12:00am

IDBI Bank posts sixth straight quarterly loss

India's IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter as the state-run lender booked higher provisions following stricter central bank rules on bad loans. Banks saw soured loans and provisions surge in the
Published 28 May, 2018 12:00am

GE seeking to shed troubled insurance business

General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by US regulators, people familiar with the matter said o
Published 28 May, 2018 12:00am

Fed-up Spanish cities are bursting Airbnb's bubble

Spain may be one of the world's top tourist destinations, but many people in its biggest cities have grown exasperated with Airbnb-style rentals. And now, their city councils are taking action. Airbnb and other peer-to-peer rental websites have for years
Published 28 May, 2018 12:00am

Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm Inc is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV, three sources told Reuters. The acquisition has been caught in
Published 28 May, 2018 12:00am

Modi opens two expressways to reduce pollution

Indian Prime Minister Narendra Modi said on Sunday he expected around a 30 percent drop in the number of vehicles entering Delhi, as he opened two new expressways around the capital aimed at decongesting its streets and reducing deadly pollution.
Published 28 May, 2018 12:00am

Daimler faces scrutiny of 120,000 Vito, C-Class diesels

Daimler faces an investigation of 40,000 diesel Vito vans and 80,000 C-Class model cars for possible illicit software that allowed the vehicles to emit excess pollution without detection, Bild am Sonntag reported, citing no sources.
Published 28 May, 2018 12:00am

Turkey, Russia agree 10.25 percent natural gas discount

Turkey and Russia have reached a retroactive agreement for a 10.25 percent discount on the natural gas Ankara buys from Moscow, Turkish President Tayyip Erdogan said on Saturday. Speaking at an election rally in eastern Turkey's Erzurum, Erdogan said a $1
Published 28 May, 2018 12:00am

Syria expects to buy less than One million tonnes of local wheat

Syria is expected to buy less than one million tonnes of local wheat from farmers in the 2018 season because of poor rainfall, a government source said on Sunday. The agriculture ministry expects production of one million tonnes this year, a sharp drop fr
Published 28 May, 2018 12:00am

Nigeria wants to stop being lax about tax

Paying income tax used to be a joke in Nigeria which, no wonder, has the worst tax to GDP ratio in sub-Saharan Africa. As one banking executive put it: "In Nigeria, the government pretends to tax people and people pretend to pay. That's the Nigerian socia
Published 28 May, 2018 12:00am

Brazil truckers strike enters sixth day

A truckers strike that has paralyzed Brazil entered its sixth day Saturday as government troops slowly cleared roads of barricades in a bid to break the impasse. The strike over a hike in diesel prices has caused widespread fuel shortages that have shut d
Published 28 May, 2018 12:00am

Almarai plans $2.8 billion five-year capital investment

Saudi Arabia's Almarai, the Gulf's largest dairy company, plans to spend 10.6 billion riyals ($2.8 billion) in capital investment under a five year business plan aimed at boosting its efficiency and expanding its geographic footprint.
Published 28 May, 2018 12:00am

Saudi Arabia hires ex-Canary Wharf executive for Red Sea tourism project

Saudi Arabia's Red Sea Project, a vast tourist development aimed at opening the economy, has been registered as a standalone company and will be headed by a former director of London's Canary Wharf business zone, the country's sovereign wealth fund said o
Published 28 May, 2018 12:00am

Qatar bans Saudi Arabia, UAE goods from stores

Qatar has ordered shops to remove goods originating from a group of Saudi Arabian-led countries which a year ago imposed a wide-ranging boycott on the emirate, Doha officials said Saturday. A directive from the economy ministry ordered shops to immediatel
Published 28 May, 2018 12:00am

Italy's president summons PM-designate, may open way for government

Italy's president summoned Prime Minister-designate Giuseppe Conte to his office on Sunday in a move that could break a long-running political deadlock and open the way for the formation of a coalition government. Conte, a little-known law professor with
Published 28 May, 2018 12:00am

Moonwalking astronaut-artist Alan Bean dies

US astronaut Alan Bean, the fourth person to walk on the moon, has died, his family announced in a statement released by NASA. He was 86 years old.
Published 28 May, 2018 12:00am

Guinea's new PM unveils government

Guinea's new prime minister Ibrahima Kassory Fofana has unveiled his government without making major changes to the cabinet of his predecessor who quit after deadly protests over local elections, state media reported Sunday. While the defence, foreign aff
Published 28 May, 2018 12:00am

Trump lawyer again attacks inquiry, admits bid to shape opinion

A top lawyer for Donald Trump on Sunday resumed the president's all-out attack on the investigation into possible collusion with Russia as being "illegitimate," while acknowledging a concerted effort to turn public opinion against the probe.
Published 28 May, 2018 12:00am

Three Palestinians killed by Israeli shelling

Israeli tank fire at an Islamic Jihad observation post killed three Palestinians in the southern Gaza Strip on Sunday, Palestinian officials said. The incident happened east of the city of Rafah in the southern Gaza Strip, a spokesman for the health minis
Published 28 May, 2018 12:00am

Israel begins work on sea barrier to prevent Gaza infiltrations

Israel announced Sunday it had begun working on a barrier off the Mediterranean coast to prevent the possibility of infiltrations by sea from the Gaza Strip.
Published 28 May, 2018 12:00am

Three Ukrainian soldiers killed

Three Ukrainian servicemen were killed in fighting with pro-Russian rebels in the east of the country as fighting intensified in the region, Kiev said on Sunday.
Published 28 May, 2018 12:00am

Seven injured in massive blaze at German theme park

Seven firefighters were injured in efforts to put out a massive blaze at Germany's largest amusement park, police said Sunday, as it reopened to visitors despite extensive damage to some areas. The fire at Europa-Park started early Saturday evening in a s
Published 28 May, 2018 12:00am

Spain saves over 500 migrants at sea

Spain's maritime rescue service said Sunday it had rescued 532 migrants who were attempting the perilous crossing of the Mediterranean Sea from north Africa this weekend. Rescue boats intercepted 239 migrants travelling in eight small boats off Spain's so
Published 28 May, 2018 12:00am

Baby 'Miracle' born on rescue ship as Italy arrivals surge

A baby boy named Miracle has been born on board a humanitarian ship - a bright spot as the tide of migrants risking sea crossings from Libya to Italy has increased as the weather has improved. There have been more than 1,800 migrants rescued by humanitari
Published 28 May, 2018 12:00am

Thousands square off in Berlin far-right rally and counter demos

Thousands of demonstrators for and against the far-right faced off in mass rival rallies in Berlin on Sunday, where calls of "We are the people" were countered with "Go away, Nazis" and techno beats. Police, who were out in force to keep the groups apart,
Published 28 May, 2018 12:00am

US sanctions on Venezuela to continue: Pence

United States sanctions on Venezuela will continue, Vice President Mike Pence said on Saturday, despite the release of an American and his wife from a Venezuelan jail. "Very glad that Josh Holt is now back home with his family - where he has always belong
Published 28 May, 2018 12:00am

Freed from a Venezuela jail, US couple arrive back home

An American couple who spent nearly two years in a Venezuelan jail received a heroes' welcome at the White House as they returned home Saturday after Caracas freed them in a bid to spur dialogue with Washington. But US officials immediately quashed any su
Published 28 May, 2018 12:00am

Colombians vote for new president with peace deal at stake

Colombians voted on Sunday in a deeply divisive presidential ballot that has stirred concern the winner could upset a fragile peace accord with Marxist FARC rebels and risk former fighters returning to combat as they fear for their future.
Published 28 May, 2018 12:00am

Nipah claims another victim in India, death toll now 13

Another patient has died in India from the Nipah virus, taking the number of fatalities from an outbreak of the rare disease to 13, authorities said Sunday. Officials in the southwestern state of Kerala said that in addition to the latest fatality two pat
Published 28 May, 2018 12:00am

Saudi Arabia says two soldiers killed in Yemen fighting

Saudi Arabia has said that two of its soldiers were killed in fighting against Yemen's Huthi rebels as the kingdom reported foiling a drone attack on a southern airport. The official SPA news agency reported late Saturday that two soldiers from the nation
Published 28 May, 2018 12:00am

Mexican cartel leader's wife captured

Mexican authorities have arrested the wife of the leader of one of the country's most powerful drug cartels, Jalisco New Generation, in the city of Guadalajara, local media reported. Rosalinda Gonzalez Valencia, the wife of Nemesio Oseguera Cervantes, ali
Published 28 May, 2018 12:00am

Hundreds march in Hong Kong to mark Tiananmen crackdown

Hundreds marched through Hong Kong on Sunday ahead of the 29th anniversary of China's crackdown on democracy protesters in Beijing's Tiananmen Square. Semi-autonomous Hong Kong is the only place on Chinese soil where the anniversary is openly marked with
Published 28 May, 2018 12:00am

May refuses to relax Northern Ireland abortion rules

British Prime Minister Theresa May faces a showdown with ministers and lawmakers in her Conservative party after refusing to back reform of Northern Ireland's highly restrictive abortion rules after neighbouring Ireland's vote to liberalise its laws.
Published 28 May, 2018 12:00am

Three day mourning for dozens dead in Uganda bus crash

Ugandan President Yoweri Museveni on Sunday declared three days of mourning after dozens died when a speeding bus hit a tractor at night and then ploughed into a truck. The Red Cross put the toll at 48 dead, including 16 children, but police said 22 died
Published 28 May, 2018 12:00am

London introduces contactless payments for buskers

London is introducing a contactless payment scheme for buskers in what organisers said would be a world first, Mayor Sadiq Khan said on Sunday as he unveiled a partnership with tech company iZettle. Under the "Busk in London" programme, street musicians i
Published 28 May, 2018 12:00am

US warships sail near South China Sea islands claimed by Beijing

Two US Navy warships sailed near South China Sea islands claimed by China on Sunday, two US officials told Reuters, in a move that drew condemnation from Beijing as President Donald Trump seeks its continued cooperation on North Korea.
Published 28 May, 2018 12:00am

Prices of essential food items continue to spiral out of control

Prices of essential food commodities have remained high-side during first 10-day of the holy month of Ramazan, as authorities concerned failed to implement official rates, it was revealed in a survey conducted by Business Recorder here on Sunday.
Published 28 May, 2018 12:00am

'Pakistan's entire travel market is about $3 billion' an interview with Shazil Mehkri, CEO of Sastaticket.pk

BR Research recently met up with Shazil Mehkri, CEO and a co-founder of Sastaticket.pk, which is an online travel startup that makes bookings easy for Pakistani travelers. We talked about the start of e-commerce travel and tourism in Pakistan. Here are ed
Published 28 May, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 13	154.83
USD to Swiss Franc / Nov 13	0.88
Pound Sterling to USD / Nov 13	1.27
Euro to USD / Nov 13	1.06

Stock	Volume
S&P 500 / Nov 12	5,983.99
India Sensex / Nov 12	78,675.18
Tokyo Nikkei / Nov 12	38,980.49
Nasdaq / Nov 12	19,281.40
Hang Seng / Nov 12	19,734.39
FTSE 100 / Nov 12	8,025.77
Dow Jones / Nov 12	43,910.98
Germany DAX 30 / Nov 12	19,033.64

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Petrol/Litre / Nov 13	248.38
Crude Oil USD/Barrel / Nov 13	68.31
Gold Spot USD/Ounce / Nov 13	2,611.56
Diesel/Litre / Nov 13	255.14

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
Pak Int.Bulk / Nov 13 Pakistan International Bulk Terminal(PIBTL)	79,861,776 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	71,760,455 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	56,364,168 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	45,537,793 ▲ 0.00
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	40,139,141 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	37,703,615 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	28,322,891 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	18,433,912 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	17,718,419 ▲ 0.00

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