News Archives for Print - 2018-09-06 - Business Recorder

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اردو

Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2018-09-06

Mosques & Imambarghas: religious leaders concerned at poor sanitation conditions

Mosques & Imambarghas: religious leaders concerned at poor sanitation conditions

Religious leaders have expressed their concerns over poor cleanliness conditions around Masajids and Imambarghas saying the holy month of Muharram is fast approaching, but both the provincial and city governments were showing negligence towards resolving

Published 06 Sep, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Pompeo 'hopeful' of resetting troubled ties

Pompeo 'hopeful' of resetting troubled ties

US Secretary of State Mike Pompeo said he was "hopeful" Wednesday of resetting the troubled relationship with Pakistan, a key player in the Afghan conflict, after cordial meetings in Islamabad including with new premier Imran Khan. The shift in tone comes

Published 06 Sep, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Pompeo welcomes smooth transition of power

Pompeo welcomes smooth transition of power

A US State Department readout issued by its spokesperson Heather Nauert at the conclusion of the visit, stated: "In all of his meetings, Secretary Pompeo emphasized the important role Pakistan could play in bringing about a negotiated peace in Afghanistan

Published 06 Sep, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Pompeo welcomes smooth transition of power

Pompeo welcomes smooth transition of power

A US State Department readout issued by its spokesperson Heather Nauert at the conclusion of the visit, stated: "In all of his meetings, Secretary Pompeo emphasized the important role Pakistan could play in bringing about a negotiated peace in Afghanistan

Published 06 Sep, 2018 12:00am

THE RUPEE: modest recovery

Currency

THE RUPEE: modest recovery

The rupee managed to recover modestly against the dollar on the money market on Wednesday in process of trading, dealers said. The rupee showed no change in relation to the US currency for buying and selling at Rs 124.25 and Rs 124.26 respectively, they a

Published 06 Sep, 2018 12:00am

Lawai allowed B-class facilities in prison

Lawai allowed B-class facilities in prison

The banking court on Wednesday approved the request of Hussain Lawai, former Chairman Pakistan Stock Exchange to provide him B-Class facilities in prison. Lawai, who is under trial in a billions rupees money laundering case filed a plea in the banking cou

Published 06 Sep, 2018 12:00am

THE RUPEE: modest recovery

Currency

THE RUPEE: modest recovery

The rupee managed to recover modestly against the dollar on the money market on Wednesday in process of trading, dealers said. The rupee showed no change in relation to the US currency for buying and selling at Rs 124.25 and Rs 124.26 respectively, they a

Published 06 Sep, 2018 12:00am

Lawai allowed B-class facilities in prison

Lawai allowed B-class facilities in prison

The banking court on Wednesday approved the request of Hussain Lawai, former Chairman Pakistan Stock Exchange to provide him B-Class facilities in prison. Lawai, who is under trial in a billions rupees money laundering case filed a plea in the banking cou

Published 06 Sep, 2018 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Clarification

Clarification

This is a propos a news item carried by Business Recorder. 'Pakarab is a multi-fertilizer producing facility. Through its efficient material balance design, it produces Urea, Nitro Phosphate (NP) and Calcium Ammonium Nitrate (CAN). This balanced pr

Published 06 Sep, 2018 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Clarification

Clarification

This is a propos a news item carried by Business Recorder. 'Pakarab is a multi-fertilizer producing facility. Through its efficient material balance design, it produces Urea, Nitro Phosphate (NP) and Calcium Ammonium Nitrate (CAN). This balanced pr

Published 06 Sep, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Clarification

Clarification

This is a propos a news item carried by Business Recorder. ''Pakarab is a multi-fertilizer producing facility. Through its efficient material balance design, it produces Urea, Nitro Phosphate (NP) and Calcium Ammonium Nitrate (CAN). This balanced p

Published 06 Sep, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

New Punjab, KP governors: Farman, Sarwar administered oath

New Punjab, KP governors: Farman, Sarwar administered oath

Ch Muhammad Sarwar and Shah Farman took oaths as Punjab and Khyber Pakhtunkhwa Governors respectively on Wednesday. Ch Muhammad Sarwar was sworn in as the 37th Governor of the province of the Punjab during a solemn ceremony at the Governor's House..

Published 06 Sep, 2018 12:00am

Pakistan Mercantile Exchange - PMEX

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

New Punjab, KP governors: Farman, Sarwar administered oath

New Punjab, KP governors: Farman, Sarwar administered oath

Ch Muhammad Sarwar and Shah Farman took oaths as Punjab and Khyber Pakhtunkhwa Governors respectively on Wednesday. Ch Muhammad Sarwar was sworn in as the 37th Governor of the province of the Punjab during a solemn ceremony at the Governor's House..

Published 06 Sep, 2018 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

NAB initiates inquiries against Khattak, Durrani & Waseem

NAB initiates inquiries against Khattak, Durrani & Waseem

The National Accountability Bureau (NAB) on Wednesday initiated corruption inquiries against including former Chief Minister, Khyber Pakhtunkhwa and defence minister Pervaiz Khattak as well as speaker Sindh Assembly Agha Siraj Durrani.

Published 06 Sep, 2018 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 05, 2018)

Published 06 Sep, 2018 12:00am

NAB initiates inquiries against Khattak, Durrani & Waseem

NAB initiates inquiries against Khattak, Durrani & Waseem

The National Accountability Bureau (NAB) on Wednesday initiated corruption inquiries against including former Chief Minister, Khyber Pakhtunkhwa and defence minister Pervaiz Khattak as well as speaker Sindh Assembly Agha Siraj Durrani.

Published 06 Sep, 2018 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

Twitter chief says was unprepared for 'weaponized' social media efforts

Twitter chief says was unprepared for 'weaponized' social media efforts

Twitter was "unprepared and ill-equipped" for the vast campaigns of manipulation that affected social media in the past few years, chief executive Jack Dorsey told lawmakers Wednesday. Dorsey, appearing before a Senate Intelligence Committee hearing on fo

Published 06 Sep, 2018 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 06 Sep, 2018 12:00am

Twitter chief says was unprepared for 'weaponized' social media efforts

Twitter chief says was unprepared for 'weaponized' social media efforts

Twitter was "unprepared and ill-equipped" for the vast campaigns of manipulation that affected social media in the past few years, chief executive Jack Dorsey told lawmakers Wednesday. Dorsey, appearing before a Senate Intelligence Committee hearing on fo

Published 06 Sep, 2018 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 06 Sep, 2018 12:00am

Twitter chief says was unprepared for ''weaponized'' social media efforts

Twitter chief says was unprepared for ''weaponized'' social media efforts

Twitter was "unprepared and ill-equipped" for the vast campaigns of manipulation that affected social media in the past few years, chief executive Jack Dorsey told lawmakers Wednesday. Dorsey, appearing before a Senate Intelligence Committee hearing on fo

Published 06 Sep, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

At least 20 killed in twin blasts on Kabul wrestling club

At least 20 killed in twin blasts on Kabul wrestling club

At least 20 people have been killed including two Afghan journalists after twin blasts at a Kabul wrestling club on Wednesday that left another 70 wounded, officials said, in the latest assault on the capital. An hour after a suicide bomber blew himself u

Published 06 Sep, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 05, 2018).

Published 06 Sep, 2018 12:00am

At least 20 killed in twin blasts on Kabul wrestling club

At least 20 killed in twin blasts on Kabul wrestling club

At least 20 people have been killed including two Afghan journalists after twin blasts at a Kabul wrestling club on Wednesday that left another 70 wounded, officials said, in the latest assault on the capital. An hour after a suicide bomber blew himself u

Published 06 Sep, 2018 12:00am

The Weather

The Weather

The weather report on Wednesday (September 05, 2018) and the forecast for Thursday (September 06, 2018).

Published 06 Sep, 2018 12:00am

Delay in Nandipur power project: AC summons Ashraf, Awan

Delay in Nandipur power project: AC summons Ashraf, Awan

The Accountability Court on Wednesday summoned former Minister for Water and Power Raja Pervaiz Ashraf and former Minister for Law Zaheer uddin Babar Awan on September 19 in a corruption reference regarding delay in Nandipur power project.

Published 06 Sep, 2018 12:00am

Delay in Nandipur power project: AC summons Ashraf, Awan

Delay in Nandipur power project: AC summons Ashraf, Awan

The Accountability Court on Wednesday summoned former Minister for Water and Power Raja Pervaiz Ashraf and former Minister for Law Zaheer uddin Babar Awan on September 19 in a corruption reference regarding delay in Nandipur power project.

Published 06 Sep, 2018 12:00am

World's biggest sovereign fund pleads to save oceans

World's biggest sovereign fund pleads to save oceans

Companies should be doing more to protect the world's oceans, including combatting plastic waste pollution, Norway's sovereign wealth fund, the world's biggest, said on Wednesday. "The ocean is a vital part of the biosphere and an important part of the gl

Published 06 Sep, 2018 12:00am

World's biggest sovereign fund pleads to save oceans

World's biggest sovereign fund pleads to save oceans

Companies should be doing more to protect the world's oceans, including combatting plastic waste pollution, Norway's sovereign wealth fund, the world's biggest, said on Wednesday. "The ocean is a vital part of the biosphere and an important part of the gl

Published 06 Sep, 2018 12:00am

MoI&P not enthusiastic about revival of PSM

MoI&P not enthusiastic about revival of PSM

The Ministry of Industries and Production (MoI&P) is reportedly not showing any enthusiasm for revival of Pakistan Steel Mills (PSM), which is dysfunctional since June 2015 due to suspension of gas by SSGCL, well-informed sources told Business Recorder

Published 06 Sep, 2018 12:00am

MoI&P not enthusiastic about revival of PSM

The Ministry of Industries and Production (MoI&P) is reportedly not showing any enthusiasm for revival of Pakistan Steel Mills (PSM), which is dysfunctional since June 2015 due to suspension of gas by SSGCL, well-informed sources told Business Recorder
Published 06 Sep, 2018 12:00am

MoI&P not enthusiastic about revival of PSM

The Ministry of Industries and Production (MoI&P) is reportedly not showing any enthusiasm for revival of Pakistan Steel Mills (PSM), which is dysfunctional since June 2015 due to suspension of gas by SSGCL, well-informed sources told Business Recorder
Published 06 Sep, 2018 12:00am

Privatisation; ECC tells KE to settle liabilities first

The Economic Coordination Committee (ECC) of the Cabinet has directed K Electric to first settle liabilities of CPPA-G and SSGC and share sale purchase agreement with Privatisation Commission for review prior to bringing it before the CCoP, well-informed
Published 06 Sep, 2018 12:00am

Privatisation; ECC tells KE to settle liabilities first

The Economic Coordination Committee (ECC) of the Cabinet has directed K Electric to first settle liabilities of CPPA-G and SSGC and share sale purchase agreement with Privatisation Commission for review prior to bringing it before the CCoP, well-informed
Published 06 Sep, 2018 12:00am

Privatisation; ECC tells KE to settle liabilities first

The Economic Coordination Committee (ECC) of the Cabinet has directed K Electric to first settle liabilities of CPPA-G and SSGC and share sale purchase agreement with Privatisation Commission for review prior to bringing it before the CCoP, well-informed
Published 06 Sep, 2018 12:00am

Some Rs 4 billion through PIB auction borrowed

The federal government Wednesday borrowed some Rs 4 billion through auction of Pakistan Investment Bond (Fixed Rate). Auction of Pakistan Investment Bond (PIB) was held on September 5, 2018 for sale of 3-, 5-, 10- and 20-year maturity. Overall SBP receive
Published 06 Sep, 2018 12:00am

Some Rs 4 billion through PIB auction borrowed

The federal government Wednesday borrowed some Rs 4 billion through auction of Pakistan Investment Bond (Fixed Rate). Auction of Pakistan Investment Bond (PIB) was held on September 5, 2018 for sale of 3-, 5-, 10- and 20-year maturity. Overall SBP receive
Published 06 Sep, 2018 12:00am

Some Rs 4 billion through PIB auction borrowed

The federal government Wednesday borrowed some Rs 4 billion through auction of Pakistan Investment Bond (Fixed Rate). Auction of Pakistan Investment Bond (PIB) was held on September 5, 2018 for sale of 3-, 5-, 10- and 20-year maturity. Overall SBP receive
Published 06 Sep, 2018 12:00am

Urea prices likely to rise by Rs 80 per bag

The fertilizer industry is likely to increase urea prices by Rs 80 per bag due to a raise in gas prices approved by a high level meeting presided over by Prime Minister, Imran Khan, well informed sources told Business Recorder.
Published 06 Sep, 2018 12:00am

CPEC: A blessing or a bane

Chinese massive and expanding "Belt and Road" project, once hailed as a great initiative for the benefit of countries concerned, is running into speed bumps as some countries have started grumbling about being buried under Chinese debt. The project was fi
Published 06 Sep, 2018 12:00am

Imran Khan's austerity drive

Prime Minister Imran Khan enunciated even before taking oath of office his vision of austerity. This has translated since into moving into the relatively modest military secretary's three-bedroom residence with just two servants in attendance instead of t
Published 06 Sep, 2018 12:00am

One percent versus ninety-nine

What was Jinnah's Pakistan? Constitutionalism (never mind if it was the India Act of 1935), rule of law, good governance, highest standards of probity, and a tolerant society (where mandir, masjid, and girja could co-exist) were the defining elements. The
Published 06 Sep, 2018 12:00am

Malaysian island city in trouble as PM targets China-linked projects

An ambitious $100 billion island city being built off Malaysia has found itself in troubled waters as the new government takes aim at the development, the latest in a series of China-linked megaprojects started under the scandal-plagued ex-premier to come
Published 06 Sep, 2018 12:00am

Saudi wealth fund bets big to remake oil-based economy

With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy.
Published 06 Sep, 2018 12:00am

Circular debt

This is apropos a letter by Naqi Zafar carried by Business Recorder on September 1 on circular debt. Yes, this is a very serious issue to be addressed to by the new government. It used to be Rs 1 billion per day a few years ago. Then it rose to Rs
Published 06 Sep, 2018 12:00am

Economic crisis: PPP criticises government for 'indecisiveness'

Pakistan Peoples Party does not want the Parliament to endorse the decision of Pakistan Tehreek-e-Insaf (PTI) government to approach the International Monetary Fund (IMF) for a bailout package due to widening current account deficit, which has already cre
Published 06 Sep, 2018 12:00am

Indian diplomat summoned over ceasefire violations

Pakistan on Wednesday summoned top Indian diplomat and lodged with him a strong protest over the unprovoked ceasefire violations in Kot Kotera Sector along the Line of Control (LoC) that resulted in loss of a civilian life.
Published 06 Sep, 2018 12:00am

PTI Senator unveils governance vision

Pakistan Tehreek-e-Insaf Senator Faisal Javed on Wednesday said that Pakistan is marked at 147th number in Human Development Index out of 188 countries, which is based on life expectancy, education and decent living style.
Published 06 Sep, 2018 12:00am

Minister vows to treat health sector as top priority

Provincial Minister for Health and Population Welfare, Dr. Azra Fazal Pechuo has suggested building apartments for residential purposes instead of bungalows/ houses for medical staff in order to save money and space as well. She said that health sector is
Published 06 Sep, 2018 12:00am

Senator Rabbani smokes cigar during meeting

Senator Raza Rabbani, a stalwart of Pakistan Peoples Party (PPP), was caught smoking a cigar during a meeting of Senate standing committee, without paying any heed to the official decorum. Rabbani, who had also served as chairman Senate, smoked cigar with
Published 06 Sep, 2018 12:00am

Sharjeel's DNA test: jail administration to submit written request soon

Jail administration on Wednesday decided to request an investigative team probing Pakistan Peoples Party (PPP) leader Sharjeel Inam Memon's case to conduct his DNA test. According to sources, Karachi Central Jail administration has made a verbal request t
Published 06 Sep, 2018 12:00am

Mobile phone importer meets tax authorities

A leading mobile phone importer met tax authorities here on Wednesday to highlight various issues related to assessment of cellular phones as well as customs duty at the import stage. Sources told Business Recorder here on Wednesday that the top im
Published 06 Sep, 2018 12:00am

Senate body recommends DRAP to present overall drug pricing policy

The Senate Standing Committee on National Health Services, Regulations and Coordination on Wednesday unanimously recommended to the Drug Regulatory Authority of Pakistan (DRAP) to present an overall drug pricing policy along with a complete list of medica
Published 06 Sep, 2018 12:00am

Ogra starts third-party audit of LPG sector

The Oil and Gas Regulatory Authority (OGRA) has initiated the process of third party audit of LPG sector in order to determine actual prices of LPG cylinders. The Ministry of Petroleum has directed OGRA to conduct third party audit both for the production
Published 06 Sep, 2018 12:00am

Senate body discusses issues to get succession Certificate

The Senate Standing Committee on Law and Justice on Wednesday thoroughly discussed problems pertaining to getting succession certificate and sought more details on it from National Database and Registration Authority (NADRA) and other relevant departments
Published 06 Sep, 2018 12:00am

PJBF earns appreciation from Japan government

The Ministry of Foreign Affairs of Japan announced the recipients of Foreign Minister's Commendation of FY2018. Pakistan Japan Business Forum (PJBF) is among this year's foreign recipients. The Commendation Award ceremony was held by the Consul General of
Published 06 Sep, 2018 12:00am

Cotton
PAD imparts training to labour for contaminated free cotton picking

Secretary Agriculture Punjab Waif Khurshid has said that Agriculture Officers (Ext) female staff is imparting training to women involved in picking of cotton bolls as per International standards as contamination free picking always ensure profitability to
Published 06 Sep, 2018 12:00am

Submersible pump with motor: DGCV revises customs values

Directorate General Customs Valuation (DGCV) has revised the customs values of submersible pump with motor (plastic body). According to details, submersible pump with motor (plastic body) up to 100 watt were being imported and assessed at considerably low
Published 06 Sep, 2018 12:00am

MQM-P launches tree plantation campaign

Muttahida Qaumi Movement (MQM) Pakistan on Wednesday launched three-day "Own Karachi, Green Karachi" campaign to carry out tree plantation at a massive level. Amir Khan, Deputy Convener MQM Pakistan inaugurated the campaign of the party at Jheel Park, whi
Published 06 Sep, 2018 12:00am

Plea challenging Sindh university Act: SHC seeks reply from government

Sindh High Court (SHC) on Wednesday sought reply from the provincial government against a petition, challenging Sindh Universities (Amendment) Act 2018 to declare it null and void. A divisional bench of SHC headed by Justice Muhammad Ali Mazhar ordered SH
Published 06 Sep, 2018 12:00am

Income Tax Ordinance 2001: KTBA flays insertion of section 182A

Karachi Tax Bar Association (KTBA) has expressed resentment over the insertion of section 182A in Income Tax Ordinance 2001. According to KTBA, the section is going to inflict late filers two-fold as they would neither be included in active taxpayers list
Published 06 Sep, 2018 12:00am

Brokers, insurance companies, NBFCs: SECP links account opening to CDD measures

The Securities and Exchange Commission of Pakistan (SECP) has directed securities brokers, insurance companies, Non-Banking Finance Companies (NBFCs) and Modarabas not to open accounts of new customers and terminate business relationship with existing cus
Published 06 Sep, 2018 12:00am

Draft of new Sindh Police Act prepared by government: AAG tells SHC

Sindh Government has formulated the draft of new Sindh Police Act, which would be presented shortly in the provincial cabinet for approval, Additional Advocate General told Sindh High Court (SHC) on Wednesday.
Published 06 Sep, 2018 12:00am

Copper snaps five-day losing streak as dollar slips

Copper rose on Wednesday after five straight days of losses as a dollar rally paused, but gains were firmly capped by persistent fears over escalating trade tensions between the United States and top metals consumer China. A public comment period on the p
Published 06 Sep, 2018 12:00am

KP cabinet abolishes provincial Ehtesab Commission

Khyber Pakhtunkhwa cabinet Wednesday decided to abolish Ehtesab Commission in the province. Talking to newsmen after provincial cabinet meeting, spokesman for the government Shaukat Yousafzai said that there was no need for Ehtesab Commission.
Published 06 Sep, 2018 12:00am

Cotton
Clarification

In a recently published article, the All Pakistan Textile Mills Association (APTMA) made a number of assertions about the textile industry in general and the polyester fibre industry in particular without any strong evidence to back their claims.
Published 06 Sep, 2018 12:00am

ANP leader shot dead in Peshawar

Awami National Party (ANP) leader and candidate for PK-74 in July 2018 election Muhammad Ibrar Khalil was shot dead along with his nephew, when unknown armed persons targeted them in Tehkal area of Peshawar on Wednesday.
Published 06 Sep, 2018 12:00am

PTCL launches 6 Mbps unlimited internet package

For customers to enjoy the experience of seamless connectivity, the PTCL launches 6 Mbps unlimited internet package, which will provide seamless streaming and unlimited downloads. The customers can now enjoy affordable 6Mbps internet connection at a month
Published 06 Sep, 2018 12:00am

Cherat Packaging Limited

Cherat Packaging Limited (PSX: CPPL) is part of the Ghulam Faruque Group (GFG), along with Mirpurkhas Sugar Mills and Cherat Cement Company. Established in 1989, it is one of the largest manufacturers of cement sacks in the country through its dual lines
Published 06 Sep, 2018 12:00am

Cherat Packaging Limited

Cherat Packaging Limited (PSX: CPPL) is part of the Ghulam Faruque Group (GFG), along with Mirpurkhas Sugar Mills and Cherat Cement Company. Established in 1989, it is one of the largest manufacturers of cement sacks in the country through its dual lines
Published 06 Sep, 2018 12:00am

FPCCI demands withdrawal of increase in fuel, gas, power rates

Senior Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Syed Mazhar Nasir has demanded immediate withdrawal of increase in the prices of fuel, gas and electricity. He said that repeated increase in petroleum prices in re
Published 06 Sep, 2018 12:00am

Currency
US MIDDAY: gold climbs

Gold prices rose on Wednesday from an 11-day low as the US dollar eased from its recent rally. Gold has fallen 1.5 percent from an Aug. 28 high as currency weakness in emerging markets and concerns over global trade disputes strengthened the dollar, makin
Published 06 Sep, 2018 12:00am

US MIDDAY: wheat extends slide

Chicago Board of Trade wheat futures fell 1.2 percent on Wednesday, the third decline out of the last four sessions, as export prospects for US supplies remained dim despite crop shortfalls in key production areas of the Black Sea region, traders said.
Published 06 Sep, 2018 12:00am

Currency
Gold rises in Europe

Gold prices rose on Wednesday from an 11-day low in the previous session as a US dollar rally faltered. Gold has fallen 1.5 percent from an Aug. 28 high as currency weakness in emerging markets and concerns over global trade disputes strengthened the doll
Published 06 Sep, 2018 12:00am

Currency
Gold moves up in Asia

Gold prices edged up on Wednesday, supported by technical buying amid worries over inflation in emerging markets, but gains were curbed as the dollar rose broadly on heightened concerns about international trade conflicts. Spot gold was up 0.2 percent at
Published 06 Sep, 2018 12:00am

Currency
Gold drops in New York

Gold slipped on Tuesday as concerns over an escalating trade war between the United States and China battered emerging market currencies and prompted investors to seek perceived safety in the dollar. A stronger greenback makes dollar-priced gold costlier
Published 06 Sep, 2018 12:00am

Currency
Raw sugar rallies to four-week high, Arabica coffee jumps

Raw sugar futures on ICE surged to a four-week high on Wednesday, boosted by technically-driven buying above the prior session high, while arabica coffee bounced further away from the prior session's 12-year low as the Brazilian currency firmed off recent
Published 06 Sep, 2018 12:00am

Vegetable Oil
Palm oil slips on higher inventory outlook, weaker crude oil

Malaysian palm oil futures fell on Wednesday evening, snapping three previous days of gains, on forecasts of rising inventory levels, weaker crude oil prices and a market correction. The benchmark palm oil contract for November delivery on the Bursa Malay
Published 06 Sep, 2018 12:00am

Vegetable Oil
Rotterdam vegetable oil prices

The following were Wednesday's Rotterdam vegetable oil prices at 1600 GMT:
Published 06 Sep, 2018 12:00am

Vegetable Oil
Rotterdam vegetable oil prices

The following were Wednesday's Rotterdam vegetable oil prices at 1600 GMT:
Published 06 Sep, 2018 12:00am

Tokyo rubber erases early gains

Benchmark Tokyo rubber futures erased early gains on Wednesday, as Shanghai futures turned lower, though a weaker yen against the dollar capped the losses. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, t
Published 06 Sep, 2018 12:00am

Currency
Oil falls over 1 percent as storm fears ease, demand concerns mount

Oil prices fell more than one percent on Wednesday after a US Gulf storm weakened and moved away from oil-producing areas and as concerns mounted about global trade disputes and Turkey's currency crisis hurting demand. US West Texas Intermediate (WTI) cru
Published 06 Sep, 2018 12:00am

Currency
Goldman Sachs pulls back on bitcoin trade plans

International banking giant Goldman Sachs has pulled back from immediate plans to open a bitcoin trading desk, according to US media report Wednesday that sent bitcoin prices lower.
Published 06 Sep, 2018 12:00am

Emirates jet lands in New York with 10 ill passengers

Emirates announced on Wednesday that 10 passengers were taken ill on a 14-hour flight from Dubai to New York, where US health authorities met the aircraft and ambulances ferried sick people to hospital.
Published 06 Sep, 2018 12:00am

US trade deficit surges to five-month high as exports fall

The US trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its "America First" agenda.
Published 06 Sep, 2018 12:00am

Norway builds world's tallest timber tower

Norway has completed the frame of the world's tallest timber building, which is being lauded for being environmentally friendly and fire resistant. The Mjos Tower, which is situated near and named after a lake located about 100 kilometres (60 miles) north
Published 06 Sep, 2018 12:00am

Malaysia, Singapore defer high-speed rail project by two years

Singapore and financially-strapped Malaysia agreed Wednesday to defer plans to build a high-speed railway between the two countries by two years, ending months of uncertainty over the project.
Published 06 Sep, 2018 12:00am

Opel to offload 2,000 jobs to French engineering firm

German carmaker Opel on Wednesday said it planned to shift some 2,000 jobs at its historic Ruesselsheim research and development hub to French engineering group Segula Technologies, in a bid to avoid job cuts under a major turnaround plan.
Published 06 Sep, 2018 12:00am

Australia's economy powers ahead as consumers keep spending

Australia's buoyant economy posted strong growth in the second quarter of the year on the back of increasing exports, consumer and government spending, official data showed Wednesday.
Published 06 Sep, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 25

281.17

USD PKR Interbank Buying / Apr 25

280.97

USD to Japanese Yen / Apr 25

143.67

USD to Swiss Franc / Apr 25

0.83

Pound Sterling to USD / Apr 25

1.33

Euro to USD / Apr 25

1.14

UK LIBOR % / Apr 24

4.96

Stock Volume

S&P 500 / Apr 25

5,525.21

India Sensex / Apr 25

79,212.53

Tokyo Nikkei / Apr 25

35,705.74

Nasdaq / Apr 25

17,382.94

Hang Seng / Apr 25

21,980.74

FTSE 100 / Apr 25

8,415.25

Dow Jones / Apr 25

40,113.50

Germany DAX 30 / Apr 25

22,242.45

France CAC40 / Apr 25

7,536.26

Item Value

Crude Oil USD/Barrel / Apr 25

63.17

Karachi Cotton PKR/37.32 KG / Apr 25

16,985

Gold 10 Grams PKR / Apr 25

298,950

Gold Spot USD/Ounce / Apr 25

3,327.60

Cotton US¢/pound / Apr 25

68.80

Petrol/Litre / Apr 27

254.63

Diesel/Litre / Apr 27

258.64

Gainers
Losers
Leaders

Stock Price

First Capital Equities / Apr 25

First Capital Equities Limited(FCEL)

4.92

▲ 0.96 (24.24%)

PICIC Ins.Ltd. / Apr 25

PICIC Insurance Limited(PIL)

3.14

▲ 0.5 (18.94%)

Dewan Mushtaq / Apr 25

Dewan Mushtaq Textile Mills Limited(DMTM)

7.99

▲ 1 (14.31%)

Pak. P.V.C. / Apr 25

Pakistan PVC Limited(PPVC)

8.26

▲ 1 (13.77%)

J.K.Spinning / Apr 25

J.K. Spinning Mills Limited(JKSM)

61.90

▲ 5.63 (10.01%)

At-Tahur Ltd. / Apr 25

At-Tahur Limited(PREMA)

86.74

▲ 7.89 (10.01%)

Shezan Inter. / Apr 25

Shezan International Limited(SHEZ)

203.03

▲ 18.46 (10%)

Sunrays Textile / Apr 25

Sunrays Textile Mills Limited(SUTM)

156.38

▲ 14.22 (10%)

PIA Holding Co.B / Apr 25

PIA Holding Company Limited B(PIAHCLB)

3,282.29

▲ 298.39 (10%)

S.S.Oil / Apr 25

S.S.Oil Mills Limited(SSOM)

357.05

▲ 32.46 (10%)

Stock Price

Engro Powergen / Apr 25

Engro Powergen Qadirpur Limited(EPQL)

28.71

▼ -10.13 (-26.08%)

Ghani Chemworld / Apr 25

Ghani Chemworld Limited(GCWL)

8

▼ -1 (-11.11%)

Samba Bank / Apr 25

Samba Bank Limited(SBL)

8.01

▼ -0.99 (-11%)

Arpak Int. / Apr 25

Arpak International Investments Ltd.(ARPAK)

56.66

▼ -6.29 (-9.99%)

Blue-Ex Ltd / Apr 25

Blue-Ex Limited (GEM)(GEMBLUEX)

47.38

▼ -5.26 (-9.99%)

Saif Power Ltd. / Apr 25

Saif Power Limited(SPWL)

12.31

▼ -1.3 (-9.55%)

Shaheen Ins. / Apr 25

Shaheen Insurance Company Limited(SHNI)

5.25

▼ -0.46 (-8.06%)

Equity Modaraba / Apr 25

First Equity Modaraba(FEM)

2.75

▼ -0.24 (-8.03%)

GlaxoSmithKline / Apr 25

GlaxoSmithKline Pakistan Limited(GLAXO)

409.57

▼ -34.89 (-7.85%)

AKD Hospitality / Apr 25

AKD Hospitality Limited(AKDHL)

136.65

▼ -10.81 (-7.33%)

Stock Volume

WorldCall Telecom / Apr 25

Worldcall Telecom Limited(WTL)

22,789,497

▼ -0.02

Power Cement / Apr 25

Power Cement Limited(POWER)

21,965,614

▼ -0.17

Sui South Gas / Apr 25

Sui Southern Gas Company Limited(SSGC)

21,567,163

▼ -0.56

B.O.Punjab / Apr 25

The Bank of Punjab(BOP)

19,825,526

▼ -0.08

K-Electric Ltd. / Apr 25

K-Electric Limited(KEL)

17,030,953

▼ -0.04

Aisha Steel Mill / Apr 25

Aisha Steel Mills Limited(ASL)

16,751,796

▲ 0.59

Cnergyico PK / Apr 25

Cnergyico PK Limited(CNERGY)

16,717,262

▼ -0.17

Pak Int.Bulk / Apr 25

Pakistan International Bulk Terminal(PIBTL)

16,382,803

▲ 0.14

Sui North Gas / Apr 25

Sui Northern Gas Pipelines Limited(SNGP)

13,338,455

▲ 0.33

Secure Logistics / Apr 25

Secure Logistics Group Limited(SLGL)

12,723,116

▲ 1.13

Markets →

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Past 3 Days

NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

Aurangzeb showcases economic reforms, secures global support

Pakistan, India exchange gunfire for 2nd day as ties plummet after attack

SBP injects massive Rs11.85 trillion into banking system for up to 14 days

Trade tensions to affect Pakistan more in region: IMF

Gwadar Port: SRO issued to allow potassium sulphate export

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

China, KSA, UAE briefed about economy

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

All categories covered: FBR extends new set of rules for e-invoicing

Good Bricks factory officially opens in Pakistan

Worldcall Telecom Limited

US condemns attack in Pahalgam, says not taking a position on IIOJK

UN urges Pakistan, India to have ‘maximum restraint’ after Pahalgam attack

Good Bricks factory officially opens in Pakistan

NJLI Sarmaya Growth Fund Rates

‘India can’t scrap Indus Waters Treaty unilaterally’

Pakistan misses wheat production target

Highest income groups be taxed at higher effective rates: WB

Gold prices remain stable in Pakistan

Property transfer: Cabinet will abolish 3-7% FED soon

E-invoices integration: FBR sets May 1 deadline for corporate entities

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

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