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Print - 2018-10-16
The Weather

The Weather

The weather report on Monday (October 15, 2018) and the forecast for Tuesday (October 16, 2018).

Published 16 Oct, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 16 Oct, 2018 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose to its highest level in 2-1/2 months on Monday as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. Spot gold gai
Published 16 Oct, 2018 12:00am
US MIDDAY: soya near two-month top

US MIDDAY: soya near two-month top

US soyabean futures neared a two-month high on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of US soya cargoes headed to China, analysts said. Corn and wheat followed the firm trend. As of
Published 16 Oct, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 16 Oct, 2018 12:00am
Gold rises to 2-1/2 months high in Europe

Gold rises to 2-1/2 months high in Europe

Gold rose to its highest in 2-1/2 months on Monday as a slide global stock markets, exacerbated by mounting tensions between western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. Spot gold was 0.8 perc
Published 16 Oct, 2018 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 16 Oct, 2018 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold prices jumped nearly 1 percent on Monday to hit a near 12-week high as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-US trade war and higher US interest rates. Spot gold was up 0.9 percent at $1,228.24 an
Published 16 Oct, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Oct, 2018 12:00am
Dollar shortage 'short-term problem' for Zimbabwe miners
Currency

Dollar shortage 'short-term problem' for Zimbabwe miners

A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring f
Published 16 Oct, 2018 12:00am
Malaysian palm oil falls
Vegetable Oil

Malaysian palm oil falls

Malaysian palm oil futures fell from a one-week high to close lower on Monday, as export data showing weaker shipments. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit
Published 16 Oct, 2018 12:00am
Tokyo rubber stays flat

Tokyo rubber stays flat

Benchmark Tokyo rubber futures stayed flat on Monday as high inventories pressured prices, while high production costs curbed the fall. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, edged up amid rise in
Published 16 Oct, 2018 12:00am
Oil steadies as Saudi tensions balance demand outlook

Oil steadies as Saudi tensions balance demand outlook

Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook.
Published 16 Oct, 2018 12:00am
Shale oil output to rise by 98,000 bpd to 7.7 million bpd in November

Shale oil output to rise by 98,000 bpd to 7.7 million bpd in November

Oil production from seven major shale basins is expected to rise by 98,000 barrels per day (bpd) in November to 7.71 million bpd, the US Energy Information Administration (EIA) said in a monthly report on Monday. The largest change is forecast in the Perm
Published 16 Oct, 2018 12:00am
China coal imports plummet in September

China coal imports plummet in September

China's coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply.
Published 16 Oct, 2018 12:00am
Yemen president sacks PM amid economic woes
Currency

Yemen president sacks PM amid economic woes

Yemeni President Abedrabbo Mansour Hadi on Monday fired Prime Minister Ahmed bin Dagher and ordered him to be investigated in connection to the country's economic woes, the official Saba news agency reported.
Published 16 Oct, 2018 12:00am
Yemen president sacks PM amid economic woes
Currency

Yemen president sacks PM amid economic woes

Yemeni President Abedrabbo Mansour Hadi on Monday fired Prime Minister Ahmed bin Dagher and ordered him to be investigated in connection to the country's economic woes, the official Saba news agency reported.
Published 16 Oct, 2018 12:00am
THE RUPEE: dollar at Rs133.80
Currency

THE RUPEE: dollar at Rs133.80

The dollar again started showing its muscles against the rupee on the money market on Monday in process of trading activity, dealers said. Dearth of dollars created short supply on the week opening day and caused decline in the value of the rupee during t
Published 16 Oct, 2018 12:00am
ECP to include overseas voters in final count

ECP to include overseas voters in final count

The Election Commission of Pakistan (ECP) announced on Monday that it will include voters of overseas Pakistanis in the final vote count for the by-electioons held on 35 constituencies. The ECP decided to make the overseas votes part of the final count af
Published 16 Oct, 2018 12:00am
THE RUPEE: dollar at Rs133.80
Currency

THE RUPEE: dollar at Rs133.80

The dollar again started showing its muscles against the rupee on the money market on Monday in process of trading activity, dealers said. Dearth of dollars created short supply on the week opening day and caused decline in the value of the rupee during t
Published 16 Oct, 2018 12:00am
ECP to include overseas voters in final count

ECP to include overseas voters in final count

The Election Commission of Pakistan (ECP) announced on Monday that it will include voters of overseas Pakistanis in the final vote count for the by-electioons held on 35 constituencies. The ECP decided to make the overseas votes part of the final count af
Published 16 Oct, 2018 12:00am
LNG terminals: RoE, RoI to be revisited

LNG terminals: RoE, RoI to be revisited

Finance Minister Asad Umar has directed Petroleum Division to explore a mechanism for revisiting Rate of Equity (RoE) and Rate of Investment (RoI) of both LNG terminals established during the PML (N) government and take action against officials who withhe
Published 16 Oct, 2018 12:00am
LNG terminals: RoE, RoI to be revisited

LNG terminals: RoE, RoI to be revisited

Finance Minister Asad Umar has directed Petroleum Division to explore a mechanism for revisiting Rate of Equity (RoE) and Rate of Investment (RoI) of both LNG terminals established during the PML (N) government and take action against officials who withhe
Published 16 Oct, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
LNG terminals: RoE, RoI to be revisited

LNG terminals: RoE, RoI to be revisited

Finance Minister Asad Umar has directed Petroleum Division to explore a mechanism for revisiting Rate of Equity (RoE) and Rate of Investment (RoI) of both LNG terminals established during the PML (N) government and take action against officials who withhe
Published 16 Oct, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 15, 2018).

Published 16 Oct, 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 Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
Published 16 Oct, 2018 12:00am
Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
Published 16 Oct, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 15, 2018)

Published 16 Oct, 2018 12:00am
BRIndex100 down 76.3 points

BRIndex100 down 76.3 points

Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Published 16 Oct, 2018 12:00am
BRIndex100 down 76.3 points

BRIndex100 down 76.3 points

Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Published 16 Oct, 2018 12:00am
BRIndex100 down 76.3 points

BRIndex100 down 76.3 points

Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Published 16 Oct, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 16 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 16 Oct, 2018 12:00am
IMF bailout could face delay

IMF bailout could face delay

International Monetary Fund's (IMF's) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time,
Published 16 Oct, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
IMF bailout could face delay

IMF bailout could face delay

International Monetary Fund's (IMF's) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time,
Published 16 Oct, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
IMF bailout could face delay

IMF bailout could face delay

International Monetary Fund''s (IMF''s) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time
Published 16 Oct, 2018 12:00am
Faysal Bank, Indus Motor Company sign MoU

Faysal Bank, Indus Motor Company sign MoU

Faysal Bank Limited (FBL), one of the leading banks in Pakistan recently signed a memorandum of understanding with Indus Motor Company Ltd. Both Indus Motor Company and Faysal Bank will support each other to promote sales and market their offerings to cus
Published 16 Oct, 2018 12:00am
Minister greets Fawaz Ahmed

Minister greets Fawaz Ahmed

Federal Minister for Planning, Development & Reform, Makhdoom Khusro Bakhtiar has congratulated Fawaz Ahmed on winning the Punjab provincial assembly seat from Rahim Yar Khan in recently held by-polls with a huge margin. The minister expressed gratitude t
Published 16 Oct, 2018 12:00am
VCs condemn NAB for public humiliation of professors, teachers

VCs condemn NAB for public humiliation of professors, teachers

Over 65 vice chancellors from all over the country on Monday condemned the maltreatment and public humiliation of professors and teachers by National Accountability Bureau (NAB), besides urging the government to ensure autonomy of universities by stopping
Published 16 Oct, 2018 12:00am
Mansha Bomb arrested

Mansha Bomb arrested

Islamabad Police arrested absconding Mansha Bomb on Monday from the premises of Supreme Court. Mansha and his sons are accused of land grabbing in Lahore's Johar Town. Mansha was arrested by Secretariat police station and will be handed over to Punjab Pol
Published 16 Oct, 2018 12:00am
Four more ministers inducted into Sindh Cabinet

Four more ministers inducted into Sindh Cabinet

Sindh Chief Minister Syed Murad Ali Shah expanded his cabinet on Monday by inducting four more ministers. Now the number of the provincial cabinet members has reached to 16 plus two advisors. Sindh Governor Imran Ismail administered oath to the new minist
Published 16 Oct, 2018 12:00am
Haseeb Athar made FPSC chairman

Haseeb Athar made FPSC chairman

The federal government has appointed a retired secretary Haseeb Athar as chairman Federal Public Service Commission. Athar has been appointed for a period of two years. In another development, another grade-21 officer of Administrative Group Muhammad Ajma
Published 16 Oct, 2018 12:00am
KP unveils surplus budget of Rs 648 billion for Fiscal year 2019

KP unveils surplus budget of Rs 648 billion for Fiscal year 2019

The Pakistan Tehreek-e-Insaf(PTI)-led government of Khyber Pakhtunkhwa on Monday unveiled a budget of Rs 648 billion for Financial Year 2018-19, with surplus amount of Rs 30 billion and development outlay of Rs 180 billion.
Published 16 Oct, 2018 12:00am
Foreigners find Karachi peaceful and safe: Sindh Governor

Foreigners find Karachi peaceful and safe: Sindh Governor

"Foreigners visiting Karachi are finding it peaceful, safe, and vibrant. This has instilled confidence in them and has resulted in large numbers of foreign visitors attending events, conferences, and exhibitions. I assure not only foreigners but also peop
Published 16 Oct, 2018 12:00am
Pakistan world's most prolific executioner: JPP

Pakistan world's most prolific executioner: JPP

The Justice Project Pakistan (JPP), a non-government organisation working for legal advocacy for the poorest Pakistani prisoners, has found that Pakistan has sentenced 4,500 people to death and executed almost 821 persons at the rate of almost two inmates
Published 16 Oct, 2018 12:00am
Pakistan to become measles-free by 2020: minister

Pakistan to become measles-free by 2020: minister

Punjab Health Minister Prof Dr Yasmin Rashid has said that Pakistan likely to become a measles-free country by 2020. She said this while addressing inaugural ceremony of measles eradication drive at Children Hospital on Monday. Advisor to CM Punjab on Hea
Published 16 Oct, 2018 12:00am
German business team to visit Karachi from October 22

German business team to visit Karachi from October 22

A 30-member business delegation of Germany will visit Karachi from 22-23 October 2018 to see business opportunities and hold meeting with Pakistani business community. President of German Pakistan Chamber of Commerce & Industry (GPCCI), Qazi Sajid Ali sai
Published 16 Oct, 2018 12:00am
SSGC continues operation against major offenders

SSGC continues operation against major offenders

Sui Southern Gas Company's (SSGC's) Counter Gas Theft Operations (CGTO) team continued to show zero tolerance to the customers involved in illegal use of gas. As part of Operation Grift, the team conducted several raids in Dadu in Sindh and Quetta, Baloch
Published 16 Oct, 2018 12:00am
Minister visits PIBT coal terminal

Minister visits PIBT coal terminal

The Federal Minister for Maritime Affairs, Syed Hyder Ali Zaidi visited the Pakistan International Bulk Terminal (PIBT). The minister was accompanied by the Chairman Port Qasim Authority, Asad Rafi Chandna, the Karachi Port Trust (KPT) Chairman Rear Admir
Published 16 Oct, 2018 12:00am
KMC launches anti-measles campaign

KMC launches anti-measles campaign

Karachi Metropolitan Corporation (KMC) on Monday launched 13-day anti-measles campaigns in the city to protect children from the contagious disease. Mayor Karachi Waseem Akhtar and Metropolitan Corporation Dr Syed Saifur Rehman have asked the parents to b
Published 16 Oct, 2018 12:00am
Naek nominated member of IPU unanimously

Naek nominated member of IPU unanimously

Senate of Pakistan, in its quest for promoting parliamentary diplomacy, has achieved another milestone as Senator Farooq H Naek has been unanimously nominated Member of the Inter-Parliamentary Union (IPU) Committee on United Nations (UN) Affairs.
Published 16 Oct, 2018 12:00am
Punjab Irrigation department closes all non-perennial canals

Punjab Irrigation department closes all non-perennial canals

Owing to over 38 percent estimated shortage of water for sowing, growing and maturing strategic six monthly Rabi crops the Punjab Irrigation department closed all its non-perennial canals across the province from October 15 to conserve available water for
Published 16 Oct, 2018 12:00am
Customs health care society digs 650 wells for Tharis

Customs health care society digs 650 wells for Tharis

Customs Health Care Society (HCS) has dug as many as 650 water wells to provide potable water to the drought stricken people of Thar Desert, said Dr Asif Mehmood Jah (Sitara-e-Imtiaz) patron in chief of the Customs Health Care Society and Collector Faisal
Published 16 Oct, 2018 12:00am
Ministry urged to form policy for improving games

Ministry urged to form policy for improving games

Ministry of Inter-Provincial Coordination Monday failed to reply the questions asked by the members of the Senate Standing Committee on Inter-Provincial Coordination. The committee met here with Senator Sardar Muhammad Yaqoob Khan Nasar in the chair at th
Published 16 Oct, 2018 12:00am
Agriculture department to improve canal watercourses

Agriculture department to improve canal watercourses

Water management wing of the Punjab Agriculture Department will carry out the lining project of watercourses in the province as according to experts it can save 45 percent of the water losses. According to a departmental spokesman, lining of water channel
Published 16 Oct, 2018 12:00am