News Archives for Print - 2018-11-28 - Business Recorder

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Print - 2018-11-28

Shifting of supply pipelines: Nine-hour gas suspension in Peshawar today

Shifting of supply pipelines: Nine-hour gas suspension in Peshawar today

The supply of natural gas will remain suspended in most parts of the provincial metropolis on Wednesday (today) because of shifting of the main supply pipelines from the route of Bus Rapid Transit (BRT) near GT Road.

Published 28 Nov, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 27, 2018).

Published 28 Nov, 2018 12:00am

Security shows little progress

Security shows little progress

The Pakistan Tehreek-e-Insaf (PTI) government's 100 days plan with regard to ensuring the country's national security has shown little progress, as the official website provided by government lacks details of the few claimed achievements of the targets wi

Published 28 Nov, 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 Tuesday (November 27, 2018).

Published 28 Nov, 2018 12:00am

Security shows little progress

Security shows little progress

The Pakistan Tehreek-e-Insaf (PTI) government's 100 days plan with regard to ensuring the country's national security has shown little progress, as the official website provided by government lacks details of the few claimed achievements of the targets wi

Published 28 Nov, 2018 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (November 27, 2018).

Published 28 Nov, 2018 12:00am

Social sector: There's no work in sight

Social sector: There's no work in sight

Pakistan Tehreek-e-Insaf (PTI) government has failed to initiate practical work for improvement of social sectors including education, health and clean drinking water in its first 100 days in the power.

Published 28 Nov, 2018 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 27, 2018)

Published 28 Nov, 2018 12:00am

Social sector: There's no work in sight

Social sector: There's no work in sight

Pakistan Tehreek-e-Insaf (PTI) government has failed to initiate practical work for improvement of social sectors including education, health and clean drinking water in its first 100 days in the power.

Published 28 Nov, 2018 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 27, 2018).

Published 28 Nov, 2018 12:00am

Appointment of CEO: PSM BoD refuses to recommend name

Appointment of CEO: PSM BoD refuses to recommend name

Pakistan Steel Mills (PSM) Board of Directors (BoD) has reportedly refused to recommend a name for Chief Executive Officer (CEO) fearing that National Accountability Bureau (NAB) may summon the Board members in case the CEO does anything wrong, well-infor

Published 28 Nov, 2018 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 28 Nov, 2018 12:00am

Appointment of CEO: PSM BoD refuses to recommend name

Appointment of CEO: PSM BoD refuses to recommend name

Pakistan Steel Mills (PSM) Board of Directors (BoD) has reportedly refused to recommend a name for Chief Executive Officer (CEO) fearing that National Accountability Bureau (NAB) may summon the Board members in case the CEO does anything wrong, well-infor

Published 28 Nov, 2018 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 28 Nov, 2018 12:00am

Appointment of CEO: PSM BoD refuses to recommend name

Appointment of CEO: PSM BoD refuses to recommend name

Pakistan Steel Mills (PSM) Board of Directors (BoD) has reportedly refused to recommend a name for Chief Executive Officer (CEO) fearing that National Accountability Bureau (NAB) may summon the Board members in case the CEO does anything wrong, well-infor

Published 28 Nov, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 27, 2018).

Published 28 Nov, 2018 12:00am

IDEAS-2018 inaugurated: President invites India to negotiating table

IDEAS-2018 inaugurated: President invites India to negotiating table

President Arif Alvi on Tuesday invited India to the negotiating table, instead of staying away on one pretext or the other and said that Pakistan has strong desire that all the international issues should be resolved peacefully.

Published 28 Nov, 2018 12:00am

The Weather

The Weather

The weather report on Tuesday (November 27, 2018) and the forecast for Wednesday (November 28, 2018).

Published 28 Nov, 2018 12:00am

IDEAS-2018 inaugurated: President invites India to negotiating table

IDEAS-2018 inaugurated: President invites India to negotiating table

President Arif Alvi on Tuesday invited India to the negotiating table, instead of staying away on one pretext or the other and said that Pakistan has strong desire that all the international issues should be resolved peacefully.

Published 28 Nov, 2018 12:00am

Shareholding, filings: SECP waives two major conditions for companies

Shareholding, filings: SECP waives two major conditions for companies

The Securities and Exchange Commission of Pakistan (SECP) has waived off two conditions for the companies (shareholding reporting) regarding filing of return along with fee prescribed in the Seventh Schedule of Companies Act and filing of form along with

Published 28 Nov, 2018 12:00am

Shareholding, filings: SECP waives two major conditions for companies

Shareholding, filings: SECP waives two major conditions for companies

The Securities and Exchange Commission of Pakistan (SECP) has waived off two conditions for the companies (shareholding reporting) regarding filing of return along with fee prescribed in the Seventh Schedule of Companies Act and filing of form along with

Published 28 Nov, 2018 12:00am

Shareholding, filings: SECP waives two major conditions for companies

Shareholding, filings: SECP waives two major conditions for companies

The Securities and Exchange Commission of Pakistan (SECP) has waived off two conditions for the companies (shareholding reporting) regarding filing of return along with fee prescribed in the Seventh Schedule of Companies Act and filing of form along with

Published 28 Nov, 2018 12:00am

Interest-based banking to be abolished in second phase: minister

Interest-based banking to be abolished in second phase: minister

To make the national economy interest free, the government in the first phase will promote interest free banking while interest-based banking will be abolished in the final phase, said Minister for Religious Affairs Dr Noor-ul-Haq Qadri. Qadri was talking

Published 28 Nov, 2018 12:00am

Interest-based banking to be abolished in second phase: minister

Interest-based banking to be abolished in second phase: minister

To make the national economy interest free, the government in the first phase will promote interest free banking while interest-based banking will be abolished in the final phase, said Minister for Religious Affairs Dr Noor-ul-Haq Qadri. Qadri was talking

Published 28 Nov, 2018 12:00am

Interest-based banking to be abolished in second phase: minister

Interest-based banking to be abolished in second phase: minister

To make the national economy interest free, the government in the first phase will promote interest free banking while interest-based banking will be abolished in the final phase, said Minister for Religious Affairs Dr Noor-ul-Haq Qadri. Qadri was talking

Published 28 Nov, 2018 12:00am

Three US soldiers killed in Afghanistan

Three US soldiers killed in Afghanistan

Three US soldiers were killed and three wounded by a bomb in Afghanistan Tuesday, NATO said, with the attack claimed by the Taliban as the US tries to ratchet up efforts to engage the militants in peace talks. NATO's Resolute Support mission would not imm

Published 28 Nov, 2018 12:00am

Three US soldiers killed in Afghanistan

Three US soldiers killed in Afghanistan

Three US soldiers were killed and three wounded by a bomb in Afghanistan Tuesday, NATO said, with the attack claimed by the Taliban as the US tries to ratchet up efforts to engage the militants in peace talks. NATO's Resolute Support mission would not imm

Published 28 Nov, 2018 12:00am

Salaried class: Government to waive penalty and audit for late filers

Salaried class: Government to waive penalty and audit for late filers

The government has decided to waive off penalty for late filing of income tax returns as well as condition of audit for salaried class where salaried persons filed late returns. State Minister for Revenue Hammad Azhar said in a tweet on Tuesday that the g

Published 28 Nov, 2018 12:00am

Salaried class: Government to waive penalty and audit for late filers

Salaried class: Government to waive penalty and audit for late filers

The government has decided to waive off penalty for late filing of income tax returns as well as condition of audit for salaried class where salaried persons filed late returns. State Minister for Revenue Hammad Azhar said in a tweet on Tuesday that the g

Published 28 Nov, 2018 12:00am

Salaried class: Government to waive penalty and audit for late filers

Salaried class: Government to waive penalty and audit for late filers

The government has decided to waive off penalty for late filing of income tax returns as well as condition of audit for salaried class where salaried persons filed late returns. State Minister for Revenue Hammad Azhar said in a tweet on Tuesday that the g

Published 28 Nov, 2018 12:00am

Government's 100 days: Stabilization of economy remained unaddressed: economists

Government's 100 days: Stabilization of economy remained unaddressed: economists

The government has yet to formulate a comprehensive economic plan during its first 100 days designed to undertake structural reforms with a timeline and sequence with no action taken to stabilize the economy.

Published 28 Nov, 2018 12:00am

Government's 100 days: Stabilization of economy remained unaddressed: economists

Government's 100 days: Stabilization of economy remained unaddressed: economists

The government has yet to formulate a comprehensive economic plan during its first 100 days designed to undertake structural reforms with a timeline and sequence with no action taken to stabilize the economy.

Published 28 Nov, 2018 12:00am

Government''s 100 days: Stabilization of economy remained unaddressed: economists

Government''s 100 days: Stabilization of economy remained unaddressed: economists

The government has yet to formulate a comprehensive economic plan during its first 100 days designed to undertake structural reforms with a timeline and sequence with no action taken to stabilize the economy.

Published 28 Nov, 2018 12:00am

Spain rejects China's Silk Road plan

Spain rejects China's Silk Road plan

Spain will not sign on to China's ambitious "One Belt, One Road" initiative that seeks to better link Asia and Europe, a senior government official said Tuesday ahead of a visit by President Xi Jinping. The multi-billion-dollar initiative, unveiled by Xi

Published 28 Nov, 2018 12:00am

Spain rejects China's Silk Road plan

Spain rejects China's Silk Road plan

Spain will not sign on to China's ambitious "One Belt, One Road" initiative that seeks to better link Asia and Europe, a senior government official said Tuesday ahead of a visit by President Xi Jinping. The multi-billion-dollar initiative, unveiled by Xi

Published 28 Nov, 2018 12:00am

ECC decision on gas load management

ECC decision on gas load management

The Economic Coordination Committee of the Cabinet, chaired by Finance Minister Asad Umar, decided against load shedding during winter months; it decided to meet the gas shortage through import of LNG. In line with past practice, it was expected that ECC

Published 28 Nov, 2018 12:00am

Roadmap for education

Roadmap for education

Once again, higher rate of illiteracy and poorer quality of education in the country are under sharper focus of the federal government. Although, the 18th Constitutional Amendment enacted in 2010, transferred education to provinces as a move towards great

Published 28 Nov, 2018 12:00am

Global fight against tax evasion

Global fight against tax evasion

In a globalised world, with widespread international financial flows, international cooperation on tax compliance has become the norm. Central to this has been information sharing between tax authorities. Over many years, the Global Forum's Standard of Ex

Published 28 Nov, 2018 12:00am

Dismantling the oil industry: Rough North Sea waters test new ideas

Dismantling the oil industry: Rough North Sea waters test new ideas

Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. It is one of several companies trying new ideas to win busin

Published 28 Nov, 2018 12:00am

Traders in talks to form first LME ring member in decade

Traders in talks to form first LME ring member in decade

A group of traders are in talks with Sigma Broking Ltd to create the first new open-outcry member of the London Metal Exchange (LME) in more than a decade, three industry sources said.

Published 28 Nov, 2018 12:00am

Suo motu - funds for dams

Suo motu - funds for dams

Acknowledging his inspiration for construction of dams, the attention of Chief Justice of Pakistan is invited to the grave injustice perpetrated to allottees/owners of plots of Sector I-15 Islamabad by Capital Development Authority (CDA). The authority in

Published 28 Nov, 2018 12:00am

Anti-encroachment drive: Squatters attack leaves four KDA staffers injured

Anti-encroachment drive: Squatters attack leaves four KDA staffers injured

Four officials of KDA were injured due to violent reaction from squatters against KDA's anti-encroachment operation in Mehran Town on Tuesday. The squatters resorted to firing and also pelted the team of anti-encroachment cell of Karachi Development Autho

Published 28 Nov, 2018 12:00am

President visits residence of martyred cop

President visits residence of martyred cop

President of Pakistan, Dr. Arif Alvi Tuesday visited the Lyari residence of Sub Inspector, Ashraf Dawood martyred while resisting terrorists at Chinese Consulate. Accompanied by his spouse Samina Alvi, the President condoling with the widow and other memb

Published 28 Nov, 2018 12:00am

KCCI seeks one month extension in returns filing date

KCCI seeks one month extension in returns filing date

President of Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has asked the Federal Minister for Finance, Revenue and Economic Affairs, Asad Umar, to issue directives to Federal Board of Revenue (FBR) to extend last date for filing Inco

Published 28 Nov, 2018 12:00am

Weakening HEC will damage generation further: Dr Banuri

Weakening HEC will damage generation further: Dr Banuri

Higher Education Commission Pakistan Chairman Dr Tariq Banuri has said if provincial higher education commissions or other institutions are established with the intention of weakening the HEC, it will damage the future generation of Pakistan.

Published 28 Nov, 2018 12:00am

'National Education Policy Framework 2018' launched

'National Education Policy Framework 2018' launched

The government on Tuesday launched National Education Policy Framework 2018, envisaging enrolling 25 million out of school children, provision of quality education, skill development and uniformed syllabus across the country.

Published 28 Nov, 2018 12:00am

Uzbekistan offers to establish technical agriculture institute in Sindh

Cotton

Uzbekistan offers to establish technical agriculture institute in Sindh

Sindh Chief Minister Syed Murad Ali Shah has said that he was working hard to completely mechanize agriculture to increase farm productivity in the province, therefore necessary technical support would be taken from Uzbekistan and Belarus.

Published 28 Nov, 2018 12:00am

Climate change: Government committed to play its part: PM aide

Climate change: Government committed to play its part: PM aide

Giving an insight into 'Clean Green Pakistan' initiative, Adviser to the Prime Minister on Climate Change Malik Amin Aslam has said that present government is committed to playing its part in combating this challenge.

Published 28 Nov, 2018 12:00am

SECP issues practices guide for conducting meetings

SECP issues practices guide for conducting meetings

The SECP has issued a practices guide for conducting meeting of board of directors and general meeting. The guide is recommendatory in nature, thereby giving companies the liberty to develop their own procedures keeping in view the best practices. Meeting

Published 28 Nov, 2018 12:00am

Imran Farooq murder case: FIA asks ATC to summon foreign witnesses

Imran Farooq murder case: FIA asks ATC to summon foreign witnesses

The Federal Investigation Agency (FIA) has pleaded the Anti Terrorism Court (ATC) for summoning all the foreign witnesses of a case pertaining to the murder of MQM leader Imran Farooq.

Published 28 Nov, 2018 12:00am

FBR urged to clarify taxability of foreign rental income

FBR urged to clarify taxability of foreign rental income

There is confusion among taxpayers regarding taxability of foreign rental income in Pakistan and filing of income tax returns in view of avoidance of double taxation treaties signed between Pakistan and UAE, UK and Canada.

Published 28 Nov, 2018 12:00am

July-November net revenue grows 4.3 percent

July-November net revenue grows 4.3 percent

The net revenue collection of the Federal Board of Revenue (FBR) during July-November 24, 2018 witnessed a growth of 4.3 percent as compared to the same period of 2017-18. According to the provisional data of the FBR, the FBR has provisionally collected R

Published 28 Nov, 2018 12:00am

Kartarpur Corridor: Imran to perform groundbreaking today

Kartarpur Corridor: Imran to perform groundbreaking today

Prime Minister Imran Khan will perform the groundbreaking of Kartarpur Corridor today (Wednesday) to facilitate Sikh pilgrims visiting their holy places in the country. The ceremony will also be attended by an official delegation from India including its

Published 28 Nov, 2018 12:00am

SAARC summit: Indian PM to be invited: FO

SAARC summit: Indian PM to be invited: FO

Foreign Office spokesman Dr Mohamad Faisal has said the Indian prime minister will be invited to attend the South Asian Association for Regional Cooperation (SAARC) summit. The FO spokesman and Federal Minister for Human Rights Shireen Mazari were address

Published 28 Nov, 2018 12:00am

Removal of Zulfi Bukhari's name from ECL: Ministry submits reply in IHC

Removal of Zulfi Bukhari's name from ECL: Ministry submits reply in IHC

The Ministry of Interior Tuesday submitted its reply before the Islamabad High Court in a petition of Special Assistant to the PM on Overseas Pakistanis and Human Resource Development Syed Zulfiqar Abbas Bukhari, seeking removal of his name from the Exit

Published 28 Nov, 2018 12:00am

Corruption cases against Nawaz, sons: AC reserves order regarding final arguments

Corruption cases against Nawaz, sons: AC reserves order regarding final arguments

The Accountability Court hearing corruption cases against former Prime Minister Nawaz Sharif and his sons reserved judgement with respect to opening of final arguments in Al-Aziza Steel Mill reference whether by the defence or the prosecution. At the star

Published 28 Nov, 2018 12:00am

Assessment of income tax: SC grants leave to FTO's jurisdiction related case

Assessment of income tax: SC grants leave to FTO's jurisdiction related case

The Supreme Court on Tuesday granted leave to a case related to Federal Tax Ombudsman's jurisdiction to inquire matters related to assessment of income tax. A two-judge bench comprising Justice Umar Atta Bandial and Justice Munib Akhtar heard an appeal ag

Published 28 Nov, 2018 12:00am

Shahra-e-Faisal: Mayor advises bike riders to use dedicated lane

Shahra-e-Faisal: Mayor advises bike riders to use dedicated lane

Mayor Karachi Wasim Akhtar has advised motorbike riders to use the exclusive lane allocated for them at the city's busy Shahra-e-Faisal. The mayor, inspecting the separate lane marked for motorcycle riders at Shahra-e-Faisal, said that the traffic police

Published 28 Nov, 2018 12:00am

LHC orders implementation of helmet wearing condition

LHC orders implementation of helmet wearing condition

The Lahore High Court on Tuesday ordered implementation of helmet wearing condition on pillion riders from December 01. The court also directed the Chief Traffic Officer (CTO) to issue challan tickets to motorcyclists having no side mirror on their bikes.

Published 28 Nov, 2018 12:00am

Indonesian diplomat eyes $9 billion trade with Pakistan

Cotton

Indonesian diplomat eyes $9 billion trade with Pakistan

Indonesian head of delegation and an ambassador from Ministry of Foreign Affairs Raudin Anwar has said his country's target is to increase Pakistan-Indonesia bilateral trade volume by $9 billion in 2019. "Indonesian and Pakistani economies have all ingred

Published 28 Nov, 2018 12:00am

Industrial sector: LDA, WASA urged to review water charges

Industrial sector: LDA, WASA urged to review water charges

The Lahore Chamber of Commerce and Industry has urged the Lahore Development Authority (LDA) and Lahore Water and Sanitation Agency (WASA) to review its decision for fixing water charges on monthly basis for industrial sector.

Published 28 Nov, 2018 12:00am

LKMWT holds framed photo exhibition

LKMWT holds framed photo exhibition

Latif Kapadia Memorial Welfare Trust in collaboration with Aaj Ka Random & New Louvre Art Gallery held a framed photo exhibition for supporting the trust. The exhibition showcased the work of various contributors of the Aaj Ka Random group.

Published 28 Nov, 2018 12:00am

President chairs first meeting of KTC

President chairs first meeting of KTC

An introductory meeting of Karachi Transformation Committee (KTC) was held at the Governor House here on Tuesday. President Dr. Arif Alvi chaired the meeting which was attended by Sindh Governor Imran Ismial, Federal Minister for Water Resources Faisal Va

Published 28 Nov, 2018 12:00am

July-October seafood export declines to $67.156 million

July-October seafood export declines to $67.156 million

Pakistan's seafood export slumped to $67.156 million in July-Oct 2018-19, low by 11.31 percent, official figures say. Fall in seafood export now stands at $ 8.567 million in July-Oct 2018-19 from $ 75.723 million in July-Oct 2017-18, Pakistan Bureau of St

Published 28 Nov, 2018 12:00am

Agha Steel opens third dialysis centre

Agha Steel opens third dialysis centre

Agha Welfare Trust (ADC), a CSR initiative of Agha Steel Industries Limited, recently inaugurated state-of-the-art Agha Dialysis Centre (ADC). This is the third such facility and has been established at Imam Clinic, Karachi.

Published 28 Nov, 2018 12:00am

SHC told: Action taken against around 2,500 traffic personnel

SHC told: Action taken against around 2,500 traffic personnel

Disciplinary action was taken against 2497 traffic personnel so far, during the current calendar year, according to a report submitted in Sindh High Court (SHC) on Tuesday. The DIG Traffic Police filed the report with the SHC's Justice Muhammad Ali Mazhar

Published 28 Nov, 2018 12:00am

10th IDEAS: Naval chief meets various countries' delegations

10th IDEAS: Naval chief meets various countries' delegations

Delegations from various countries called on Chief of the Naval Staff Admiral Zafar Mahmood Abbasi during 10th International Defence Exhibition and Seminar (IDEAS) being held at Expo Centre Karachi.

Published 28 Nov, 2018 12:00am

'Knowledge-based economy vital to address challenges'

'Knowledge-based economy vital to address challenges'

Knowledge-based economy are imperative to address the daunting issues of poverty, agriculture low productivity, unemployment and other challenges, said Dr Muhammad Nawaz, the former Vice Chancellor, University of Veterinary Sciences Lahore.

Published 28 Nov, 2018 12:00am

UN urged to implement its resolutions on Kashmir

UN urged to implement its resolutions on Kashmir

Urging the United Nations (UN) to implement its resolutions on Kashmir, the speakers at a seminar have denounced the massive human rights abuses by Indian forces in the Occupied Jammu and Kashmir.

Published 28 Nov, 2018 12:00am

Partly Facetious : Little John is Fawad Chaudhry?

Partly Facetious : Little John is Fawad Chaudhry?

"I mean one really doesn't know what's gonna come out of his mouth next."

Published 28 Nov, 2018 12:00am

NUST holds global workshop

NUST holds global workshop

NUST Institute of Environmental Sciences & Engineering (IESE), School of Civil & Environmental Engineering (SCEE), hosted "International Workshop on Sustainable Urban Water Technologies & Construction," here at the university's main campus on Tuesday.

Published 28 Nov, 2018 12:00am

Communications ministry: Austerity generates Rs 3.72 billion revenue in 100 days

Communications ministry: Austerity generates Rs 3.72 billion revenue in 100 days

The Ministry of Communications and its attached departments managed to generate Rs 3.72 billion additional revenue on account of better governance, austerity and accountability during the last 100 days. This was claimed by Minister of State for Communicat

Published 28 Nov, 2018 12:00am

Families of martyred policemen: Chinese citizens decide to set up foundation

Families of martyred policemen: Chinese citizens decide to set up foundation

Chinese citizens have decided to set up a foundation to financially support the families of the policemen who were martyred in an attack on the Chinese Consulate in Karachi last week, said Tianru Tang, Managing Director EXIM, a Chinese company, while talk

Published 28 Nov, 2018 12:00am

Growing Treasury auctions, stock rally boost yields

Growing Treasury auctions, stock rally boost yields

US government bond yields rose on Monday, driven by a rally in stock prices, and at the start of a week in which the Treasury Department will issue $129 billion of new notes at auction. The Treasury Department on Monday sold $39 billion of new two-year no

Published 28 Nov, 2018 12:00am

Indonesia to drop palm oil levy as farmers hit by price fall

Indonesia to drop palm oil levy as farmers hit by price fall

Top exporter Indonesia said on Monday it will temporarily remove a levy on palm oil after a sharp drop in prices which has hit farmers. Indonesia collects levies from palm exporters to help finance the development of its palm-based biodiesel programme, as

Published 28 Nov, 2018 12:00am

CBOT corn futures lower at two-month low

CBOT corn futures lower at two-month low

Chicago Board of Trade corn futures ended lower on Monday, with the spot December contract nearing a two-month low in sympathy with a 2 percent decline in soybeans, traders said. CBOT December corn settled down 3 cents at $3.56 per bushel after touching $

Published 28 Nov, 2018 12:00am

PMEX daily trading report

Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,573. The traded value of Metals, Energy and COTS/FX was recorded at 8.677 billion and the number of lots traded 25,129. Major business was contributed by NSDQ100 amounting

Published 28 Nov, 2018 12:00am

Sterling slides with UK Brexit vote in doubt

Currency

Sterling slides with UK Brexit vote in doubt

Sterling slumped against the dollar and the euro on Tuesday as doubts grew about whether British Prime Minister Theresa May can get a Brexit agreement through a divided parliament.

Published 28 Nov, 2018 12:00am

Sri Lankan rupee hits record low

Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low for a fifth straight session on Tuesday, as investors dumped currency-denominated assets following a credit rating downgrade and a delay in an IMF loan discussion in the wake of a political crisis. The rupee hit a fre

Published 28 Nov, 2018 12:00am

Most Asian currencies weaken

Currency

Most Asian currencies weaken

Most Asian currencies weakened slightly on Tuesday after US President Donald Trump warned on the cusp of a meeting with Chinese President Xi Jinping that tariffs on goods imported from China were likely to be raised. Trump's comments soured the mood in As

Published 28 Nov, 2018 12:00am

Aussie, kiwi near recent lows

Currency

Aussie, kiwi near recent lows

The Australian dollar hovered near one-week lows as markets were nervous before crucial trade talks between the leaders of the United States and China, while New Zealand's currency remained frail after a recent battering on poor economic data. The Aussie

Published 28 Nov, 2018 12:00am

Euro slips in New York as Draghi notes slowing growth

Euro slips in New York as Draghi notes slowing growth

The euro weakened against the greenback on Monday, giving up earlier gains, after European Central Bank President Mario Draghi acknowledged slowing growth in the region. The euro zone has lost some growth momentum but this was mostly normal and not enough

Published 28 Nov, 2018 12:00am

Early trade in New York: Dollar gains as Fed's Clarida backs further rate hikes

Currency

Early trade in New York: Dollar gains as Fed's Clarida backs further rate hikes

The US dollar gained on Tuesday after Federal Reserve Vice Chair Richard Clarida backed further interest rate hikes but noted the importance of monitoring economic data as the US central bank approached a neutral stance. In a carefully worded speech that

Published 28 Nov, 2018 12:00am

Dollar index rises to near two-week high in Europe

Currency

Dollar index rises to near two-week high in Europe

The US dollar rose to its highest level in almost two weeks against its major rivals on Tuesday, after President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about world trade tensions. Sterling was the weakes

Published 28 Nov, 2018 12:00am

Dollar steadies in Asia

Currency

Dollar steadies in Asia

The dollar held steady on Tuesday as fresh concerns about the Sino-US trade war lent support to safe haven currencies, although moves were tempered as investors await possible cues from the Federal Reserve about policy direction. Weighing on global risk s

Published 28 Nov, 2018 12:00am

British stocks dented as Thomas Cook, miners sink

British stocks dented as Thomas Cook, miners sink

A plunge in tour operator Thomas Cook weighed on British stocks on Tuesday, as miners tumbled with metals prices dented by fears of a further escalation in US-China trade tensions. The FTSE 100 opened higher but gains quickly evaporated, leaving the index

Published 28 Nov, 2018 12:00am

Southeast Asian stocks subdued; Malaysia falls

Southeast Asian stocks subdued; Malaysia falls

Malaysian shares fell 1 percent to a four-week closing low on Tuesday, dragged by casino operator Genting Malaysia Bhd and its parent, while other Southeast Asian markets were subdued after US President Donald Trump seemed to thwart hopes of a trade truce

Published 28 Nov, 2018 12:00am

European shares dip as Trump reignites trade war fears

European shares dip as Trump reignites trade war fears

European shares fell on Tuesday after a new threat by Washington to impose more tariffs on Chinese products and fears the trade war could spread to Europe after a report in Germany of possible new US taxes on imported cars. The pan-European STOXX 600 benc

Published 28 Nov, 2018 12:00am

Indian shares up

Indian shares up

Indian shares ended higher for a second consecutive session on Tuesday, mirroring the previous session's move of a surge in the last two hours, ahead of the expiry of futures and options contracts later this week. The benchmark BSE index closed up 0.45 pe

Published 28 Nov, 2018 12:00am

Real estate weighs on Dubai, Egypt ends losing streak

Real estate weighs on Dubai, Egypt ends losing streak

Dubai's stock market tumbled to a 34-month low on Tuesday as real estate shares continued to slide, while Egyptian blue chips rebounded after five straight sessions of losses. The Dubai index fell 1.0 percent to 2,700 points, its lowest level since Januar

Published 28 Nov, 2018 12:00am

Microsoft's stock market value catches up with Apple

Microsoft's stock market value catches up with Apple

Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has all but lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp. Buoyed by a broad rebound in US stocks on Monday, Mi

Published 28 Nov, 2018 12:00am

Australia's AMP to spend over $852 million in remediation, CEO tells inquiry

Australia's AMP to spend over $852 million in remediation, CEO tells inquiry

Australia's largest-listed wealth manager, AMP Ltd, told an inquiry on Tuesday it expected to spend A$1.18 billion ($852.6 million) to compensate customers who had received bad advice or been charged for no service. AMP interim Chief Executive Michael Wil

Published 28 Nov, 2018 12:00am

Meezan Bank's Karachi East team win 'Winning Together' cricket title

Meezan Bank's Karachi East team win 'Winning Together' cricket title

Alhamdulillah, teamwork and success are hallmarks of Meezan Bank's journey. As an annual celebration of our team work, this year too, Meezan Bank holds the 'Winning Together' Cricket Tournament - 2018. Tournament was based on the theme ' Celebrating Best

Published 28 Nov, 2018 12:00am

African fishing communities face 'extinction' as blue economy grows

African fishing communities face 'extinction' as blue economy grows

Fishing communities along Africa's coastline are at a greater risk of extinction as countries eye oceans for tourism, industrial fishing and exploration revenue to jumpstart their "blue economies," UN experts and activists said on Monday. The continent's

Published 28 Nov, 2018 12:00am

Second needle incident in strawberries in New Zealand

Second needle incident in strawberries in New Zealand

A needle has been found in a strawberry in New Zealand, police said Monday, the second incident to hit the country two months after a contamination crisis erupted in Australia. The needle was found in a punnet sold in the small South Island town of Gerald

Published 28 Nov, 2018 12:00am

Second needle incident in strawberries in New Zealand

Second needle incident in strawberries in New Zealand

A needle has been found in a strawberry in New Zealand, police said Monday, the second incident to hit the country two months after a contamination crisis erupted in Australia. The needle was found in a punnet sold in the small South Island town of Gerald

Published 28 Nov, 2018 12:00am

Banks extend UK plc's overdraft ahead of Brexit

Currency

Banks extend UK plc's overdraft ahead of Brexit

Banks in Britain are trying to prepare businesses for a potential cash crunch after Brexit, whether or not a deal agreed by the UK and Brussels this weekend is approved by parliament next month.

Published 28 Nov, 2018 12:00am

Argentina says it is close to inking a beef deal with US

Currency

Argentina says it is close to inking a beef deal with US

Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the South American country's international trade secretary, Marisa Bircher, said. The agreement, expe

Published 28 Nov, 2018 12:00am

PSL franchises: PCB faces differences on payments issue

PSL franchises: PCB faces differences on payments issue

Despite issuance of an invoice by the Pakistan Cricket Board (PCB), different franchises of the Pakistan Super League (PSL) have not so far cleared their dues, it has been learnt. Sources claimed that there are differences between the PCB and PSL franchis

Published 28 Nov, 2018 12:00am

Kosovo Serbs protest Pristina's tariff

Kosovo Serbs protest Pristina's tariff

Several thousand Kosovo Serbs protested in northern Kosovo on Tuesday against Pristina's massive customs tariff on Serbian goods, a retaliatory measure announced last week that has spiked tensions and curtailed trade between the neighbours. The crowd gath

Published 28 Nov, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.10
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.33
Euro to USD / May 13	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
India Sensex / May 13	81,148.22
Tokyo Nikkei / May 13	37,897.71
Nasdaq / May 13	19,010.09
Hang Seng / May 13	23,441.04
FTSE 100 / May 13	8,602.92
Dow Jones / May 13	42,140.43
Germany DAX 30 / May 13	23,638.56
France CAC40 / May 13	7,873.83

Item	Value
Crude Oil USD/Barrel / May 13	63.36
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Gold Spot USD/Ounce / May 13	3,227.76
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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Gold price per tola falls massive Rs10,400 in Pakistan

Gold price per tola falls massive Rs10,400 in Pakistan

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Pakistan’s $60bn export target: Ministers told to craft business plans

Pakistan’s $60bn export target: Ministers told to craft business plans

NJLI Sarmaya Growth Fund Rates

Rupee settles lower against US dollar

Rupee settles lower against US dollar

Pakistan govt’s debt stock soars to Rs73.6trn by March-end

Pakistan govt’s debt stock soars to Rs73.6trn by March-end

Pakistan govt working on options to increase FED

Pakistan govt working on options to increase FED

Illusion of remittance-driven growth

Illusion of remittance-driven growth

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