News Archives for Print - 2019-01-22

Print - 2019-01-22

Cotton

Towards self sufficiency in edible oils

Pakistan will import an estimated 3 million tons of edible oil and 3.5 million tons of oilseeds in the current year to meet its edible oil and animal feed requirements. At around USD 3.6 billion, this constitutes the third highest category in the country'

Published 22 Jan, 2019 12:00am

PEOC - Torch bearer for the edible oils, oilseeds & soap industry

Pakistan has become a very significant market for Edible Oils, Oilseeds and raw material for our Soap Industry. We have seen tremendous growth in the import of Edible Oils, Oilseeds which as now touched to 3.00 million tons each per annum. This has indeed

Published 22 Jan, 2019 12:00am

Grim Threats to Oilseed Industry

The Pakistan Oilseeds Industry has made a remarkable progress and has displayed its resolve to be an import substitution industry, providing high quality soybean and canola oil, catering to the poultry feed industry by producing nutritious and cost effect

Published 22 Jan, 2019 12:00am

Pakistan Edible Oil Industry, Yesterday, Today and Tomorrow

Pakistan Edible Oil Industry is one of the oldest Industries in Pakistan. The first plant setup in Sindh was Bengal Oil Mills at Old City, Karachi and according to my memory the plant was opened by the then Governor General Quaid-e-Azam, Muhammad Ali Jinn

Published 22 Jan, 2019 12:00am

Message from Pakistan Vanaspati Manufacturers Association (PVMA)

I feel privileged to express my true sentiments on the occasion of 4th Pakistan Edible oil Conference & Price Out-look 2019. I take this opportunity to welcome our worthy International delegates & and the Pakistani guests. Amongst several world renowned e

Published 22 Jan, 2019 12:00am

Message from Chairman, All Pakistan Solvent Extractors' Association

On behalf of the members of All Pakistan Solvent Extractors' Association, I feel honored to welcome the participants to the Pakistan Edible Oil Conference 2019. The global oil and fats landscape is never short of excitement, uncertainties and challenges,

Published 22 Jan, 2019 12:00am

Message from Chairman | Pakistan Soap Manufacturers Association

Alhamdolillah it gives me great pleasure to express my views regarding Pakistan Edible Oil Conference (PEOC) while the 3rd conference of its kind was held last year in Karachi, Pakistan. Getting encouragement from the overwhelming success of PEOC 2018, th

Published 22 Jan, 2019 12:00am

Message from Chairman, Pakistan Edible Oil Refiners Association (PEORA)

On behalf of Pakistan Edible Oil Refiners Association (PEORA), I warmly welcome all the participants to the 4th Pakistan Edible Oil Conference (PEOC).

Published 22 Jan, 2019 12:00am

Message from Chairman, Pakistan Edible Oil Conference (PEOC)

It is indeed an honor for Pakistan and for us to host 4th Pakistan Edible Oil Conference (PEOC). PEOC strongly believe that Knowledge Acquisition and Knowledge representation are the fundamental building blocks of knowledge-based systems. Our achievement

Published 22 Jan, 2019 12:00am

Bangladesh's second LNG terminal to start in March

Bangladesh's second liquefied natural gas (LNG) terminal is expected to start operations in mid-March though domestic pipeline constraints means it will be unable to fully supply gas demand to the country's capital Dhaka. Summit Corp, a subsidiary of Sing

Published 22 Jan, 2019 12:00am

Palm oil prices to rise by end-March

Benchmark palm oil prices are expected to rise to 2,400 ringgit a tonne by end-March, according to forecasts by industry analyst Dorab Mistry, as the market has "bottomed out". The price forecast by Mistry, who is also the director of Indian consumer good

Published 22 Jan, 2019 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Friday for a third straight session, boosted by strength in soyabeans that was fuelled by renewed optimism about US-China trade talks. While trade optimism about the United States and China spilled over to canola market

Published 22 Jan, 2019 12:00am

CBOT wheat futures unchanged

Chicago Board of Trade (CBOT) wheat futures ended near unchanged on Friday as traders pocketed profits from an earlier advance fuelled by hopes for increased US exports, traders said. Concerns that potentially crop-damaging cold in US winter wheat produci

Published 22 Jan, 2019 12:00am

CBOT soyabean futures jump on technical buying

Chicago Board of Trade (CBOT) soyabean futures jumped more than 1 percent on Friday on technical buying and short-covering, and as poor weather in South American soya areas threatened crops in Brazil and Argentina, traders said. CBOT March soyabeans ended

Published 22 Jan, 2019 12:00am

India's gold demand falls on prices jump to 2-1/2-years high

Gold demand turned fragile this week in India as local prices jumped to their highest level in 2-1/2-years, while traders in major buying centres in Asia pinned hopes on purchases ahead of the approaching Lunar New Year. Local gold prices in India, world'

Published 22 Jan, 2019 12:00am

US natural gas futures fall on forecast for less cold

Extreme volatility persisted on Friday as US natural gas futures dropped over 5 percent on a forecast for less cold weather next week and reduced concerns about fuel in storage despite an extension of the frigid temperatures expected in the last week of J

Published 22 Jan, 2019 12:00am

Cotton

Listless business on cotton market

No business was seen on the cotton market on Monday as city received first rains after long time, dealers said. The official spot rate was unchanged at Rs 8,700, they added. Prices of seed cotton in Sindh and Punjab were at Rs 3000-3700 and in Balochistan

Published 22 Jan, 2019 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,692. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.228 billion and the number of lots traded 12,876. Major business was contributed by NSDQ100 amou

Published 22 Jan, 2019 12:00am

Brazil's center-south sugar output to rise

Brazil's center-south region will produce 30.2 million tonnes of sugar in the 2019/20 season, about 14 percent more than it did in the previous crop, broker and analyst INTL FCStone said in a report on Thursday. Mills will tend to increase the amount of c

Published 22 Jan, 2019 12:00am

Asian naphtha cracks at one week low

Asia's naphtha cracks was at a one week low of $41 a tonne on Friday while gasoline was at a discount of 65 cents to Brent crude versus a discount of 67 cents the previous day. The light ends fundamentals have been persistently weak due to high supplies,

Published 22 Jan, 2019 12:00am

Chinese iron ore, steel hit multi-month highs on trade hopes

Prices of steel and steel-making raw materials in China rose on Friday, with iron ore hitting its highest in more than 10 months and rebar posting the best week in over two months, amid optimism over progress in the US-Sino trade talks. US Treasury Secret

Published 22 Jan, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 274,794 tonnes of cargo comprising 192,670 tonnes of import cargo and 82,124 tonnes of export cargo including 9,351 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargos of 19

Published 22 Jan, 2019 12:00am

Rio Tinto's 2018 iron ore shipments rise

Global miner Rio Tinto on Friday reported a 2 percent rise in annual iron ore shipments from Australia on ramp-up of expanded mines and fewer weather related disruptions, meeting its guidance, and set a higher target for 2019. Rio's 2018 iron ore shipment

Published 22 Jan, 2019 12:00am

Germany's 2019 hard coal imports seen rising

Germany is expected to import 45 million tonnes of hard coal this year, up roughly 1.4 percent from 2018 despite mounting competition from renewable energy, as the closure of domestic mines reduces domestic supply, importers said on Friday. The total woul

Published 22 Jan, 2019 12:00am

Financials buoy Egypt index, Saudi bourse up on banks

Egypt's blue-chip shares rose on Monday, bolstered by financial stocks, while Saudi Arabia reversed early losses as most of its banks gained. Egypt's blue-chip index rose 0.9 percent with its largest bank, Commercial International Bank, gaining 2.2 percen

Published 22 Jan, 2019 12:00am

Hong Kong shares up

Hong Kong's main Hang Seng index crept higher on Monday as investors shrugged off data showing the Chinese economy slowed within market expectations in the fourth quarter of 2018, amid expectations that Beijing would roll out more stimulus to boost growth

Published 22 Jan, 2019 12:00am

Nikkei ends at month high

Japan's Nikkei advanced to a more than one-month high on Monday, tracking gains in US shares that helped buoy cyclical stocks such as shippers, while a weaker yen boosted exporters. The Nikkei share average rose 0.3 percent to 20,719.33, its highest close

Published 22 Jan, 2019 12:00am

European shares slip after weak Chinese GDP data

European shares slipped on Monday from six-week highs after China's fourth-quarter growth figures confirmed a slowdown in the world's second-biggest economy, with 2018 its weakest year since 1990.The pan-European STOXX 600 fell 0.3 percent and Germany's e

Published 22 Jan, 2019 12:00am

Most Southeast Asian stocks rise on China stimulus hopes

Most Southeast Asian stock markets rose on Monday on expectations of further stimulus from China after data showed the slowest rate of annual economic growth in 28 years, while positive remarks regarding US-China trade relations boosted investor sentiment

Published 22 Jan, 2019 12:00am

US markets closed

Stocks, financial and commodity markets in New York were closed on Monday for the Martin Luther King Jr. holiday. Markets resume normal trading on Tuesday.

Published 22 Jan, 2019 12:00am

German bond selloff pauses

German government bond yields edged lower on Monday as signs of an economic slowdown in China, Washington's political deadlock and Brexit worries kept investors wary and strengthened the bid for safe assets such as Bunds. The most potent of these was the

Published 22 Jan, 2019 12:00am

German bond selloff pauses

Published 22 Jan, 2019 12:00am

Indian shares rise

Indian shares ended higher on Monday, supported by solid gains in oil-to-retail conglomerate Reliance Industries Ltd, while Kotak Mahindra Bank closed at an over six-week high after reporting strong quarterly results.

Published 22 Jan, 2019 12:00am

China shares surge

China shares ended higher on Monday as investors shrugged off the country's slowest rate of annual economic growth in 28 years amid expectations that authorities will pursue more stimulus to support growth. At the close, the Shanghai Composite index was u

Published 22 Jan, 2019 12:00am

Australian shares up for fifth day, New Zealand shares higher

Australian shares gained for a fifth consecutive session on Monday, led by banks and energy firms, despite wariness that a slowdown in China's economy could hurt the country's fortunes. The S&P/ASX 200 index rose 0.2 percent, or 10.80 points, to 5,890.40,

Published 22 Jan, 2019 12:00am

FTSE 100 manages small gains as May outlines Brexit Plan B

British blue-chip shares eked out small gains as industrials were comforted by Prime Minister Theresa May's presentation to parliament of her European Union divorce deal Plan B, even as a stronger pound weighed on the index.

Published 22 Jan, 2019 12:00am

EU countries split over copyright overhaul

Divisions between EU countries could delay or derail plans to overhaul copyright law, an ambition that has set up a battle pitting media firms against internet giants like Facebook and Google.

Published 22 Jan, 2019 12:00am

Japan manufacturers' mood slips to two-year low

Confidence among Japanese manufacturers dropped for a third straight month in January to a two-year low, a Reuters monthly poll showed, as worries over the health of the global economy and trade tensions take a toll on the corporate sector.

Published 22 Jan, 2019 12:00am

Choose France? Macron woos business chiefs rattled by protests

As Emmanuel Macron prepares to pitch a dynamic new France to dozens of business leaders on Monday, many are wondering if the former banker can first win over his opponents.

Published 22 Jan, 2019 12:00am

UK households gloomy for 2019, lower inflation eases near-term worries

British households' hopes for their finances over the year ahead remain near a five-year low, due to growing concern about job security ahead of Brexit, though easing inflation pressures have offered some short-term cheer.

Published 22 Jan, 2019 12:00am

UN warns trade disputes, climate could disrupt growth

The United Nations warned Monday that trade disputes, climate change and a me-first attitude to addressing global problems were threatening prospects for world economic growth.

Published 22 Jan, 2019 12:00am

Israel opens new airport near Red Sea

Israel inaugurated a new international airport Monday in its desert south meant to boost tourism to the nearby Red Sea and serve as an emergency alternative to Tel Aviv's Ben-Gurion airport. Prime Minister Benjamin Netanyahu attended the inauguration cere

Published 22 Jan, 2019 12:00am

Airbus sells 65 jets to SMBC Aviation Capital

Aircraft leasing company SMBC Aviation Capital has finalised an order for 65 Airbus planes from the A320neo family with a catalogue price of $7.47 billion (6.6 billion euros), Airbus said Monday.

Published 22 Jan, 2019 12:00am

Germany sanctions Iran airline over regime links

Germany said Monday it had banned Iranian airline Mahan Air from its airports, in an escalation of sanctions adopted by the European Union against Tehran over attacks on opponents in the bloc.

Published 22 Jan, 2019 12:00am

International tourists up 6 percent to 1.4 billion in 2018: UN

The number of international tourist arrivals rose by 6 percent last year to 1.4 billion, according to an estimate published Monday by the World Tourism Organization.

Published 22 Jan, 2019 12:00am

Global FDI skids 19 percent on Trump tax reform, may rebound in 2019: UN

Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by US President Donald Trump's tax reforms, the United Nations trade and development agency UNCTAD said on Monday.

Published 22 Jan, 2019 12:00am

Dembele sparkles but Messi needed off bench to rescue Barca

Ousmane Dembele gave Barcelona a glimpse into the future but Barcelona still needed Lionel Messi to beat Leganes 3-1 on Sunday and restore their five-point lead at the top of La Liga. Messi had started on the bench, rested by coach Ernesto Valverde, and f

Published 22 Jan, 2019 12:00am

MOL Pakistan holds Sports Gala

As part of its Corporate Social Responsibility (CSR) initiatives, MOL Pakistan Oil & Gas Company B.V, organized a two-day Sports Gala on Parade Ground, Lachi, district Kohat. This year, the gala included various sports activities like cricket, volley ball

Published 22 Jan, 2019 12:00am

PSL-IV replacement draft on January 24

The HBL-Pakistan Super League-IV (PSL-IV) replacement draft will be held here at the Qadhafi stadium on January 24. The participating teams will draft replacements for PSL-IV and will select their 21st player (local player) if needed, said a spokesman of

Published 22 Jan, 2019 12:00am

Australia call up in-form Patterson for Sri Lanka Tests

In-form Kurtis Patterson was added to Australia's squad on Monday for the upcoming Tests against Sri Lanka as selectors try to fix a batting line-up that failed to fire during the home Tests against India. The 25-year-old New South Wales batsman scored ba

Published 22 Jan, 2019 12:00am

Japan beat Saudi Arabia for Asian Cup quarters

Takehiro Tomiyasu's lone strike sent Saudi Arabia crashing out of the Asian Cup as Japan beat the three-time champions 1-0 to reach the quarter-finals on Monday. Tomiyasu's first-half header was enough to seal it for Japan as the last-16 game between two

Published 22 Jan, 2019 12:00am

PCB releases women's contract list

The Pakistan Cricket Board (PCB) Monday announced the names of 17 women cricketers who have been awarded incentive and performance-based contracts starting from January 1 and expiring on 30th June 2019. The contracts for the first half of 2019 have been a

Published 22 Jan, 2019 12:00am

Pouille set up Raonic quarter-final

France's Lucas Pouille had never won a match at the Australian Open before this year, but the 28th seed Monday reached the quarter-final after beating Borna Coric 6-7 (4/7), 6-4, 7-5, 7-6 (7/2). The 22-year-old 11th seed from Croatia took a tight first se

Published 22 Jan, 2019 12:00am

Spaniard sorry as tantrum mars Nishikori epic

Pablo Carreno Busta apologised after he stormed off court and angrily threw his kit bag after losing a five-hour, five-set epic to Japan's Kei Nishikori at the Australian Open on Monday. The Spanish 23rd seed said he was "so sorry," after being booed off

Published 22 Jan, 2019 12:00am

Kerb

Serena outslugs top seed Halep as Djokovic battles on

A fired-up Serena Williams slugged past world number one Simona Halep Monday as she inches ever closer to a 24th Grand Slam title, while Novak Djokovic survived a battle to stay on course for a record seventh Australian Open crown.

Published 22 Jan, 2019 12:00am

Aussie barely moved, kiwi down

The Australian dollar barely moved on Monday as China's economic growth data came in line with expectations, while its New Zealand cousin drifted to two-week lows. The Australian dollar, a liquid proxy for the Chinese yuan, was last at $0.7166 from Friday

Published 22 Jan, 2019 12:00am

Leu trades near record low

The leu traded near record lows ahead of a Romanian central bank deposit tender on Monday which may tighten liquidity in markets but is unlikely to ease worries over new taxes levied this year. The leu traded at 4.7055 on Monday, near the all-time low of

Published 22 Jan, 2019 12:00am

Currency

Dollar steadies against basket of currencies in Asia

The dollar held steady near a two-week high against a basket of currencies on Monday, as investor risk appetite held up despite the latest data showing China's 2018 economic growth slowing to a near three-decade low. The dollar index, which measures its s

Published 22 Jan, 2019 12:00am

Currency

Dollar up in Europe after Chinese growth slows

The dollar held near a two-week high on Monday, shrugging off concerns about weakening global growth and data showing China's economy slowed sharply in 2018. The greenback has enjoyed its first weekly gain since mid-December, buoyed by hopes for a thaw in

Published 22 Jan, 2019 12:00am

Currency

Russian rouble reaches six-week high

The Russian rouble hit a six-week high against the dollar on Monday, supported by higher oil prices and domestic month-end tax payments from major companies despite downward pressure from the central bank's resumption of forex purchases.

Published 22 Jan, 2019 12:00am

Asian forex: Korean won leads declines as exports weaken

Most Asian currencies eased against the dollar on Monday, as data showed China's economy slowed at the end of last year, underlining the need for more stimulus amid the months-long Sino-US trade war. The world's second-largest economy grew 6.4 percent in

Published 22 Jan, 2019 12:00am

Canadian dollar weakens

The commodity-linked Canadian dollar weakened against its US counterpart on Monday after data showed a slowdown in China's economy and the International Monetary Fund cut its world economic growth forecasts. At 9:40 a.m. (1440 GMT), the Canadian dollar wa

Published 22 Jan, 2019 12:00am

Currency

Sterling slips before May's Brexit 'Plan B'

The pound slipped on Monday as traders awaited a statement from Prime Minister Theresa May in parliament on her plans to break a deadlock over Brexit.

Published 22 Jan, 2019 12:00am

Senator Kamala Harris announces US presidential run

Senator Kamala Harris announced Monday that she is seeking to become the first African American woman to hold the office of US president, joining an already-crowded field of Democrats lining up to take on Donald Trump. "The future of our country depends o

Published 22 Jan, 2019 12:00am

Suicide attack on Kurdish-US convoy in Syria kills five

A suicide car bomb attack on a military convoy in northeastern Syria on Monday killed five members of a Kurdish-led force accompanying US troops in an anti-jihadist coalition, a monitor said. The attack, claimed by the Islamic State group, came less than

Published 22 Jan, 2019 12:00am

South African, European demining experts killed in Yemen

Five demining experts killed in a weekend explosion in Yemen were from South Africa and several European countries, a Saudi-run organisation in charge of the project said Monday. The state-run King Salman Humanitarian Aid and Relief Centre (KSRelief) said

Published 22 Jan, 2019 12:00am

China's population growth slows despite two-child policy

China's population grew at a slower rate last year despite the abolition of the one-child policy, official data showed Monday, raising fears an ageing society will pile further pressure on an already slowing economy. China's government raised the limit to

Published 22 Jan, 2019 12:00am

Total lunar eclipse woos sky watchers

An unusual set of celestial circumstances came together over Sunday night and the wee hours of Monday for sky watchers in Europe, Africa and the Americas, where the moon was fully obscured before lighting up again with a faint red glow. In the streets of

Published 22 Jan, 2019 12:00am

14 dead after fire on two vessels off Crimea

Fourteen people were killed and five were missing off Russia-annexed Crimea in the Black Sea on Monday after a fire engulfed gas tankers sailing under the flag of Tanzania, authorities said. "There are 11 bodies," Alexei Kravchenko, spokesman for Russia's

Published 22 Jan, 2019 12:00am

Indian 'walking god' religious leader dies aged 111

Tens of thousands of people thronged the streets of an Indian town on Monday to pay their last respects to the 111-year-old head of a Hindu religious sect known as "the walking god" to his followers. Shivakumara Swami was the head of Sree Siddaganga Mutt,

Published 22 Jan, 2019 12:00am

Suspicious mail from India arrives at UNHCR in Athens

The United Nations High Commissioner for Refugees in Athens on Monday received an envelope containing suspicious powder, the fire department said, after dozens of mystery deliveries to Greek universities and institutions.

Published 22 Jan, 2019 12:00am

Russia opens 'administrative proceedings' against Facebook, Twitter

Russia's media watchdog Roskomnadzor launched "administrative proceedings" Monday against US social media giants Facebook and Twitter, accusing them of not complying with Russian law, news agencies reported. "Today, Roskomnadzor begins administrative proc

Published 22 Jan, 2019 12:00am

UK launches app for EU citizens to stay after Brexit

The British government launched a phone app Monday to allow EU nationals to apply to stay after Brexit, hoping to ease concerns among those who have made their lives in Britain. Around 3.5 million Europeans currently living in Britain will need to apply f

Published 22 Jan, 2019 12:00am

Former CIA agent Tony Mendez dies

Former CIA agent Tony Mendez, who engineered a creative way to smuggle US hostages out of Iran in 1980 and was immortalized in the Hollywood film "Argo," died of complications from Parkinson's Disease, his family said. He was 78. Mendez, who will have a p

Published 22 Jan, 2019 12:00am

Mexico journalist murdered, first of 2019

A Mexican journalist was found murdered in the northern state of Baja California Sur, the governor said Monday, the first reporter killed this year in what has become one of the world's most dangerous countries for the press. Rafael Murua, a community rad

Published 22 Jan, 2019 12:00am

EU sanctions Russia military intel chief over Skripal

The European Union slapped sanctions on the two most senior officers in Russian military intelligence Monday and identified the two agents accused by Britain of carrying out a chemical attack.

Published 22 Jan, 2019 12:00am

Bangladesh issues new tender to buy 50,000 tonnes wheat

Bangladesh's state grains buyer has issued a new international tender to purchase and import 50,000 tonnes of wheat, European traders said on Monday.

Published 22 Jan, 2019 12:00am

Copper slides, China growth data weighs on sentiment

Copper prices fell on Monday as worries about demand in top consumer China were reinforced after data showed weaker economic growth and on expectations of slowing activity ahead of the Lunar New Year holiday.

Published 22 Jan, 2019 12:00am

Iran fails to find any buyers for crude offered on exchange

Iran failed to find any buyers on Monday in its latest attempt to sell oil to private companies for export on the energy exchange, state media reported, in a setback to Tehran's efforts to bypass US sanctions.

Published 22 Jan, 2019 12:00am

Oil rises as investors latch on to Opec cuts, supply outlook

Oil rose on Monday, reversing earlier losses, as investors latched on to positive supply-side drivers for the market, although concern about the wider economy simmered in the background after data pointed to a slowdown in China.

Published 22 Jan, 2019 12:00am

Tokyo rubber climbs

Benchmark Tokyo rubber futures surged to a near 8-month high on Monday, as near-month contracts continued to rise on speculators' purchase while higher oil prices lent support, offsetting growth concerns in top buyer China, dealers said.

Published 22 Jan, 2019 12:00am

Iraq's oil exports hold near record in January

Oil exports from southern Iraq are holding close to a record high so far in 2019, according to shipping data and an industry source, which could raise questions over whether Opec's second-largest producer is following through on a deal to cut output.

Published 22 Jan, 2019 12:00am

ISTIM slowing metal flow out of its LME warehouses

Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said.

Published 22 Jan, 2019 12:00am

White sugar boosted by signs of lower Indian output; coffee slips

White sugar futures on ICE rose on Monday, on light buying partly fuelled by signs of reduced production in India, while robusta coffee slipped in thin trade.

Published 22 Jan, 2019 12:00am

EU wheat up on signs of tightening Russian market

Euronext wheat futures rose on Monday to their highest in more than a week as growing signs of supply tensions in Russia revived hopes of a shift in export demand towards US and western European origins.

Published 22 Jan, 2019 12:00am

Gold steadies in Asia

Gold prices held steady on Monday as expectations that the US Federal Reserve will pause its multi-year interest rate hike cycle were offset by improving risk appetite. Spot gold was up 0.1 percent at $1,282.80 per ounce by 0748 GMT, while US gold futures

Published 22 Jan, 2019 12:00am

Gold dips in Europe on firm dollar and rise in risk appetite

Gold slipped to its lowest level in almost a month on Monday as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in US interest rates. Spot gold was down 0.1 percent at $1,279.53 an ounce by 2:04 p.m. ET (1904

Published 22 Jan, 2019 12:00am

AKUH launches first kidney transplant centre in Karachi

The Aga Khan University Hospital (AKUH) has launched its first kidney transplant centre in Karachi. An awareness event was organized by AKUH, attended by the media, different nephrologists, dialysis centre managers of Karachi, general physicians and endoc

Published 22 Jan, 2019 12:00am

Discos directed to replace electromagnetic meters

Federal Minister for Power, Omar Ayub Khan has directed the power Distribution Companies (DISCOs) to immediately undertake GIS mapping of all the 11KV feeders and replace the 100,000 electromagnetic electricity meters with digital meters by the end of Feb

Published 22 Jan, 2019 12:00am

CPEC projects: CS directs for effective, comprehensive roadmap

Chief Secretary Yousaf Naseem Khokhar has directed the Chairman Planning and Development to prepare an effective and comprehensive roadmap for projects under the China-Pakistan Economic Corridor (CPEC) as early as possible. He passed these orders while pr

Published 22 Jan, 2019 12:00am

Jazz Pakistan to launch project for reducing power theft

Jazz Pakistan in collaboration with GSMA and Centre for Intelligent Systems and Network Research (CISNR) is all set to launch pilot project with estimated cost of 20,000 pounds to reduce electricity line losses and power theft. The government of Pakistan

Published 22 Jan, 2019 12:00am

METRO Pakistan bags award

METRO Pakistan has won Overseas Investors Chamber of Commerce and Industry Women Empowerment Award 2018. Metro Cash and Carry got recognized for the work done towards Gender Equality and Empowerment of Women and won the award for 'Leadership & Strategy' W

Published 22 Jan, 2019 12:00am

Mutual Funds

Pakistan Oilfields Limited (POL)

Pakistan Oilfields Limited (PSX: POL) is Pakistan's third largest oil and gas exploration and production company. The company is primarily engaged in the exploration, drilling and production of crude oil and gas in the country. It is a subsidiary of the A

Updated 23 Jan, 2019 05:07am

Mutual Funds

Pakistan Oilfields Limited (POL)

Published 22 Jan, 2019 12:00am

Countrywide anti-polio drive begins

The countrywide polio immunization drive began on Monday during which about 39 million children under the age of five will be administered anti-polio drops. Up to 260,000 polio workers are participating in the drive during which anti-polio drops are being

Published 22 Jan, 2019 12:00am

Minister inaugurates Pakistan horticulture Expo 2019

The Punjab Agriculture Minister Malik Nauman Ahmad Langrial has said that high value agriculture and horticulture production is a highly profitable enterprise which increases employment opportunities and bring increased commercialization in the agricultur

Published 22 Jan, 2019 12:00am

New car manufacturers urged to adopt localization

The Indus Motor Company (IMC) Chief Executive Officer Ali Asghar Jamali has urged the government to ensure that new entrants are persuaded to adopt localization as soon as possible as compared to imports at concessionary rates. He stated this while talkin

Published 22 Jan, 2019 12:00am

PCMA holds workshop on time management

The concept of time management is required to be adopted as a pre-requisite of the industry to handle the increased cost of doing business in Pakistan. This was the crux of the speeches delivered at a training program organized by Pakistan Chemical Manufa

Published 22 Jan, 2019 12:00am

Punjab government evolves plan to promote sunflower cultivation

Punjab government has evolved a comprehensive plan for the promotion of Sunflower and other oil seed crops in the Province. Under the programme sunflower would be cultivate on more than 2.10 lakh acres of land in different areas of the Province.

Published 22 Jan, 2019 12:00am

Sahiwal incident rises several questions, says JI chief

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has said that the Sahiwal killings had on one hand, given rise to several questions on the working of the state intuitions, and on the other hand, spread a wave of harassment and terror among the ma

Published 22 Jan, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.75
USD to Swiss Franc / Nov 8	0.87
Pound Sterling to USD / Nov 8	1.30
Euro to USD / Nov 8	1.08

Stock	Volume
S&P 500 / Nov 7	5,973.10
Nasdaq / Nov 7	19,269.46
Dow Jones / Nov 7	43,729.34
India Sensex / Nov 8	79,425.88
Tokyo Nikkei / Nov 8	39,500.37
Hang Seng / Nov 8	20,820.36
FTSE 100 / Nov 8	8,143.78
Germany DAX 30 / Nov 8	19,353.61

Item	Value
Petrol/Litre / Nov 8	248.38
Crude Oil USD/Barrel / Nov 8	71.72
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	239,026
Gold Spot USD/Ounce / Nov 8	2,685.16
Diesel/Litre / Nov 8	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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