News Archives for Print - 2018-10-12

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am

Barclays bid rates and maximum rates for payment of interest

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

Published 12 Oct, 2018 12:00am

Currency

State Bank of Pakistan conversion rates

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

Published 12 Oct, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 12 Oct, 2018 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 12 Oct, 2018 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 12 Oct, 2018 12:00am

KPOGCL fast turning into a hydrocarbon investment hub

High success ratio in relatively unexplored terrain of KP

Published 12 Oct, 2018 12:00am

Paragon providing quality, speed and client satisfaction

PARAGON was established in 1991 and now is one of the leading, trusted and most reputable construction companies in Pakistan. The motto of Paragon is "Quality, Speed and Client Satisfaction". We continuously strive to surpass our expectations. Our quality

Published 12 Oct, 2018 12:00am

Message from Governor Sindh

I would like to congratulate Business Recorder in its effort to play a vital part, as always towards a better and improved Pakistan. With people's support, and God's will, the state of today would go all out to make Pakistan a country that the Quai

Published 12 Oct, 2018 12:00am

Message from Federal Minister for Maritime Affairs

I would take this opportunity to congratulate Business Recorder, Pakistan's first and most credible financial daily, in furthering the effort to promote the bright side of Pakistan. I, Ali Zaidi, as the Minister for Ports and Shipping would emphasize that

Published 12 Oct, 2018 12:00am

Message from Federal Minister for Finance, Revenue and Economic Affairs

I take this opportunity to reaffirm the mission of Pakistan Tehreek-e-Insaf's (PTI) democratically elected government to provide a solid foundation to our economy, so that we can get rid of the frequent boom and bust cycles. It is only through a strong ec

Published 12 Oct, 2018 12:00am

Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,711. The traded value of Metals, Energy and COTS/FX was recorded at 9.484 billion and the number of lots traded 11,913. Major business was contributed by currencies thr

Published 12 Oct, 2018 12:00am

US natgas output, demand seen rising to record highs

US dry natural gas production should rise to an all-time high of 82.67 billion cubic feet per day (bcfd) in 2018 from 74.77 bcfd in 2017, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Wednesday.

Published 12 Oct, 2018 12:00am

France cuts sugar beet, maize crop forecasts

France's farm ministry on Tuesday further cut its forecasts of the country's 2018 sugar beet and maize production to take account of damage from scorching summer weather, as harvesting of the crops progresses in the European Union's largest grower. In a m

Published 12 Oct, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 131,208 tonnes of cargo comprising 87,555 tonnes of import cargo and 43,653 tonnes of export cargo including 5,022 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 8

Published 12 Oct, 2018 12:00am

Cotton

Panic buying by mills

Both mills and spinners indulged in panic buying of cotton amid rising fears of further increase in rates, dealers said. The official spot rate was higher by Rs 100 to Rs 8500, they added. Prices of seed cotton in Sindh were at Rs 3700-4000, in the Punjab

Published 12 Oct, 2018 12:00am

Ukraine harvests 46.1 million tonnes of grain

Ukraine's agriculture ministry announced the following data on the 2018 harvest on Wednesday: Farmers in Ukraine had harvested 46.1 million tonnes of grain as of Wednesday, with a yield of 3.88 tonnes per hectare. By the same date last year Ukraine had ha

Published 12 Oct, 2018 12:00am

Currency

Cotton prices fully firm

Cotton prices remained fully firm on the ready market on Thursday primarily due to the devaluation of the Pakistani rupee at around Rs 134.60 to the U.S. Dollar recently. Thus lint prices are reported to have gone up by Rs600 to Rs 800 per maund recently.

Published 12 Oct, 2018 12:00am

Currency

Cotton prices fully firm

Published 12 Oct, 2018 12:00am

Britain sees biggest fall in foreign visitors since 2009

The number of foreigners visiting Britain for tourism or work fell by the most in nearly a decade during the three months to June, showing the country could not sustain the record numbers achieved a year earlier in the wake of 2016's Brexit vote.

Published 12 Oct, 2018 12:00am

German growth limited by trade disputes, labour shortages

The German economy is losing steam as rising trade tensions abroad and a lack of skilled workers at home limit the growth prospects for Europe's largest economy, Economy Minister Peter Altmaier said on Thursday. Presenting the government's downwardly revi

Published 12 Oct, 2018 12:00am

New York fines UAE's largest bank

New York state financial regulators on Wednesday fined the Dubai-based Mashreqbank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money laundering and terrorism finance. The bank's New York branch kept shod

Published 12 Oct, 2018 12:00am

BMW plans to take control of China JV

German luxury carmaker BMW announced on Thursday a plan to take control of its China joint-venture, the first foreign automaker to take advantage of Beijing's new ownership rules for the sector. BMW will acquire a further 25 percent stake in the venture w

Published 12 Oct, 2018 12:00am

Currency

ECB divided over protectionist risks to eurozone

European Central Bank chiefs were divided at their September meeting over the danger to the eurozone economy from protectionism and other global threats, with some calling for a gloomier assessment. "It was remarked that a case could also be made for char

Published 12 Oct, 2018 12:00am

Currency

Turkey allows forex loan restructuring in lira, banks may face losses

Restructured foreign currency loans in Turkey will be converted to Turkish lira at the central bank exchange rate in force on the day of restructure, a presidential decree said on Thursday, a move that could damage banks if the lira continues to fall agai

Published 12 Oct, 2018 12:00am

Saudi Arabia opens high-speed railway to public

Saudi Arabia's new high-speed railway opened to the public on Thursday, whisking Muslim pilgrims and other travellers between Mecca and Medina, Islam's holiest cities. The Haramain High Speed Rail system will transport passengers 450 kilometres (280 miles

Published 12 Oct, 2018 12:00am

India's TCS profits up 22.6 percent

India's largest IT services firm Tata Consultancy Services (TCS) reported on Thursday a 22.6 percent rise in quarterly earnings due to the rupee's fall and growth in its banking and financial services division. The Mumbai-headquartered conglomerate said i

Published 12 Oct, 2018 12:00am

India's TCS profits up 22.6 percent

Published 12 Oct, 2018 12:00am

Thailand blocks sale of French-owned power producer

Thailand's energy regulator said Thursday it would block PTT Group's multibillion-dollar acquisition of a company owned by French energy giant Engie on grounds that it could create a electricity monopoly in some areas. Engie signed a deal with Thai group

Published 12 Oct, 2018 12:00am

Mnuchin plays down US market swoon as global rout rolls on

Wall Street's rout is a natural correction and not caused by any particular factors, US Treasury Secretary Steven Mnuchin said Thursday, after his boss Donald Trump hung blame for the losses on US interest-rate increases. The fall in US stocks on Wednesda

Published 12 Oct, 2018 12:00am

US inflation slows, weekly jobless claims increase

US consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly. The modest price increases come despite a US labour market

Published 12 Oct, 2018 12:00am

Big Tobacco cries foul after hard-line UN treaty

Big tobacco companies moved Thursday to counter the hard line taken by a global tobacco control treaty, including its decision that new "vaping" products should face the same restrictions as cigarettes. A meeting of state parties to the UN health agency's

Published 12 Oct, 2018 12:00am

Philippines' trade deficit stays above $3 billion

The Philippines' trade deficit stayed well above $3 billion for the fifth month in a row in August as sustained purchases of capital goods to feed the government's infrastructure overhaul kept import percentage growth at double-digits, outpacing exports.

Published 12 Oct, 2018 12:00am

Sierra Leone scraps project for Chinese-built airport

Sierra Leone on Wednesday scrapped a $400-million (347-million-euro) scheme for a Chinese-built airport, saying the scheme was too costly. In a statement, the ministry of transport and aviation said that "after serious consideration and due diligence," th

Published 12 Oct, 2018 12:00am

Currency

Bahrain to receive up to $2 billion, first slice of Gulf aid

Bahrain will receive up to $2 billion from its Gulf neighbours before the end of the year as the first installment of an aid package, and some funds have already arrived in state coffers, officials said on Thursday. Last week, Saudi Arabia, the United Ara

Published 12 Oct, 2018 12:00am

UK economy's summer surge turns out stronger than expected

The British economy's summer surge turned out to be stronger than expected as hot weather spurred consumer spending, although a weak August hinted at slower growth ahead of Brexit next year, data showed on Wednesday. The economy expanded 0.7 percent durin

Published 12 Oct, 2018 12:00am

Currency

Dollars weakens in Asia

The US dollar, usually seen as a safe haven in turbulent times, surprised some currency strategists on Thursday by losing ground after spooked investors drove US stocks to their worst fall in nearly eight months. The VIX, Wall Street's "fear index" measur

Published 12 Oct, 2018 12:00am

Currency

Dollar extends losses in Europe

The dollar extended losses and hit its lowest levels in nearly two weeks on Thursday following an overnight drop in US Treasury yields, with investors focused on monthly inflation data to gauge whether the selloff has more room to run. While concerns of a

Published 12 Oct, 2018 12:00am

Currency

Early trade in New York: dollar slips broadly

The dollar fell to a near two-week low on Thursday against a basket of currencies as traders pared greenback holdings on lower US Treasury yields and further losses on Wall Street. A weaker-than-forecast rise in US consumer prices in September also reduce

Published 12 Oct, 2018 12:00am

Currency

Euro, sterling rise in New York

The euro and sterling rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US bond yields hovered at multiyear peaks. The common currency's gains were limited by worries about th

Published 12 Oct, 2018 12:00am

Currency

Aussie, kiwi struggle

The Australian and New Zealand dollars nursed losses on the yen and euro on Thursday as a slide in global share markets sent skittish investors scampering to safe havens. That left the Aussie and kiwi strangely steady on the US dollar as investors favoure

Published 12 Oct, 2018 12:00am

Currency

Most Asian currencies down as global equities battered

Most Asian currencies were driven lower by a global sell-off in equities with the dollar also surprisingly losing ground, while safe-havens like the Japanese yen and US debt received support. US Treasury yields cooled overnight after Wall Street suffered

Published 12 Oct, 2018 12:00am

Sri Lankan rupee up

The Sri Lankan rupee ended slightly higher on Thursday, easing from a record low hit in the previous session, as exporters dollar sales surpassed importer demand for the greenback in dull trade, while stocks ended weaker for a third straight session to hi

Published 12 Oct, 2018 12:00am

Currency

Sterling rises against dollar

Sterling rose against a weaker dollar on Thursday on hopes of a Brexit deal, but concern among investors about the Ireland border issue kept gains in check. Hopes are building that a trade deal between the European Union and Britain can be struck before a

Published 12 Oct, 2018 12:00am

Currency

Zimbabwe stock market hits record high

A shortage of foreign exchange in Zimbabwe has hit the surrogate 'bond note' currency, driven prices upwards and sent a ripple of fear through the economy but one institution has never looked so good: the stock market. Asset managers and other investors s

Published 12 Oct, 2018 12:00am

Nikkei drops nearly four percent

Tokyo's benchmark index closed down nearly four percent on Thursday, as US President Donald Trump said the Federal Reserve had "gone crazy" with plans for higher interest rates. The Nikkei 225 index plunged 3.89 percent, or 915.18 points, to end at 22,590

Published 12 Oct, 2018 12:00am

Thursday's early afternoon trade: Wall Street drops again, but tech bounce helps limit losses

Wall Street dropped on Thursday as investors continued to shun risky investments, but the decline was less severe than the brutal sell-off in the previous session as a bounce in some high-growth technology stocks helped limit losses. Energy stocks, pressu

Published 12 Oct, 2018 12:00am

S&P, Dow mark biggest daily declines since February 8

US stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since February 8, and technology stocks were at the center of the carnage as rising US Treasury yields sent investors fleeing from risky assets. US long-date

Published 12 Oct, 2018 12:00am

Egypt's stock exchange reduces trading halt times to 10 minutes

Egypt's stock exchange will reduce the length of time it halts trading in a stock after a major price move to 10 minutes from 15 minutes starting on Sunday, its chairman said. Mohamed Farid, head of the stock exchange, said the purpose of the change was t

Published 12 Oct, 2018 12:00am

Currency

Saudi blue-chip plunge leads region lower

Middle Eastern stock markets fell sharply on Thursday, led by Saudi Arabia, where the index plunged 3.9 percent in its biggest drop since January 2016 as weakness in global bourses and a pull-back in oil prices alarmed investors. The Saudi index's slide i

Published 12 Oct, 2018 12:00am

Indian shares plunge two percent

Indian shares plunged more than 2 pct on Thursday, at their lowest closing levels since April, mirroring the markets rout across the globe amid rising trade concerns and expectation of rate hikes in the United States. The benchmark BSE index closed down 2

Published 12 Oct, 2018 12:00am

Long-dated Treasury yields advance

US long-dated Treasury yields rose on Wednesday, extending a trend over the last few weeks fuelled by solid US economic data that reinforced expectations of multiple interest rate hikes over the next 12 months. Data on US producer prices, which rose in Se

Published 12 Oct, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	7.05 ▲ 0.96 (15.76%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.91 ▲ 0.80 (11.25%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Olympia Mills / Dec 18 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.12 ▼ -3.23 (-9.98%)
Arpak Int. / Dec 18 Arpak International Investments Ltd.(ARPAK)	64.12 ▼ -6.97 (-9.80%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	59 ▼ -6.00 (-9.23%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	742 ▼ -67.76 (-8.37%)
Fateh Sports / Dec 18 Fateh Sports Wear Limited(FSWL)	80 ▼ -7.22 (-8.28%)
Imperial Limited / Dec 18 Imperial Limited(IML)	21 ▼ -1.40 (-6.25%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.01
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.33
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.03
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.15
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.84
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.09
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.44
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 1.17
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.03

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