News Archives for Print - 2019-01-27 - Business Recorder

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Print - 2019-01-27

Raw materials: cut in RD to be applicable right after President''s assent

Raw materials: cut in RD to be applicable right after President''s assent

The reduction in regulatory duty on the import of industrial inputs/smuggling-prone items would be applicable from the next day of assent given to the Finance Supplementary (Second Amendment) Bill, 2019 by the President.

Published 27 Jan, 2019 12:00am

Raw materials: cut in RD to be applicable right after President's assent

Raw materials: cut in RD to be applicable right after President's assent

The reduction in regulatory duty on the import of industrial inputs/smuggling-prone items would be applicable from the next day of assent given to the Finance Supplementary (Second Amendment) Bill, 2019 by the President.

Published 27 Jan, 2019 12:00am

Raw materials: cut in RD to be applicable right after President's assent

Raw materials: cut in RD to be applicable right after President's assent

The reduction in regulatory duty on the import of industrial inputs/smuggling-prone items would be applicable from the next day of assent given to the Finance Supplementary (Second Amendment) Bill, 2019 by the President.

Published 27 Jan, 2019 12:00am

Can non-filers purchase imported vehicles?

Can non-filers purchase imported vehicles?

Tax experts have questioned whether the non-filers of income tax returns are now eligible to purchase imported vehicles, irrespective of engine capacity after amendment introduced in the Finance Supplementary (Second Amendment) Bill, 2019.

Published 27 Jan, 2019 12:00am

Can non-filers purchase imported vehicles?

Can non-filers purchase imported vehicles?

Tax experts have questioned whether the non-filers of income tax returns are now eligible to purchase imported vehicles, irrespective of engine capacity after amendment introduced in the Finance Supplementary (Second Amendment) Bill, 2019.

Published 27 Jan, 2019 12:00am

Can non-filers purchase imported vehicles?

Can non-filers purchase imported vehicles?

Tax experts have questioned whether the non-filers of income tax returns are now eligible to purchase imported vehicles, irrespective of engine capacity after amendment introduced in the Finance Supplementary (Second Amendment) Bill, 2019.

Published 27 Jan, 2019 12:00am

Officials reluctant to speak on record

Officials reluctant to speak on record

Officials in Islamabad were reluctant to talk on the outcome of the US-Taliban talks on record, but they expressed optimism that the ongoing dialogue will lead to a possible peace deal to end the 17-year-long violence in the neighbouring Afghanistan. "We

Published 27 Jan, 2019 12:00am

Officials reluctant to speak on record

Officials reluctant to speak on record

Officials in Islamabad were reluctant to talk on the outcome of the US-Taliban talks on record, but they expressed optimism that the ongoing dialogue will lead to a possible peace deal to end the 17-year-long violence in the neighbouring Afghanistan. "We

Published 27 Jan, 2019 12:00am

Pakistan has done its job: DG ISPR

Pakistan has done its job: DG ISPR

The Spokesperson for the armed forces Director General Inter Services Public Relations Major General Asif Ghafoor on Saturday said that Pakistan had done its job of bringing Afghan Taliban to the negotiating table. In an interview with an Arab newspaper,

Published 27 Jan, 2019 12:00am

Pakistan has done its job: DG ISPR

Pakistan has done its job: DG ISPR

The Spokesperson for the armed forces Director General Inter Services Public Relations Major General Asif Ghafoor on Saturday said that Pakistan had done its job of bringing Afghan Taliban to the negotiating table. In an interview with an Arab newspaper,

Published 27 Jan, 2019 12:00am

'Government made blunder by appointing Shahbaz as PAC chief'

'Government made blunder by appointing Shahbaz as PAC chief'

Railways Minister Sheikh Rashid on Saturday said the incumbent government's decision to appoint PML-N president Shahbaz Sharif as chairman of the Public Accounts Committee (PAC) was a blunder. Addressing a press conference, the federal minister claimed th

Published 27 Jan, 2019 12:00am

Draft peace deal: Round of US-Taliban talks ends with progress

Draft peace deal: Round of US-Taliban talks ends with progress

Taliban officials said US negotiators on Saturday agreed a draft peace deal setting out the withdrawal of foreign troops from Afghanistan within 18 months, potentially ending the United States' longest war. The details of the draft were given to Reuters b

Published 27 Jan, 2019 12:00am

Draft peace deal: Round of US-Taliban talks ends with progress

Draft peace deal: Round of US-Taliban talks ends with progress

Taliban officials said US negotiators on Saturday agreed a draft peace deal setting out the withdrawal of foreign troops from Afghanistan within 18 months, potentially ending the United States' longest war. The details of the draft were given to Reuters b

Published 27 Jan, 2019 12:00am

IDB to give $4.5 billion oil financing facility

IDB to give $4.5 billion oil financing facility

The Islamic Development Bank (IDB) will provide $4.5 billion oil financing facility to Pakistan, Aaj News reported on Saturday, quoting the finance ministry spokesperson. The IDB will provide Pakistan $1.5 billion worth of oil on deferred payment each yea

Published 27 Jan, 2019 12:00am

IDB to give $4.5 billion oil financing facility

IDB to give $4.5 billion oil financing facility

The Islamic Development Bank (IDB) will provide $4.5 billion oil financing facility to Pakistan, Aaj News reported on Saturday, quoting the finance ministry spokesperson. The IDB will provide Pakistan $1.5 billion worth of oil on deferred payment each yea

Published 27 Jan, 2019 12:00am

IDB to give $4.5 billion oil financing facility

IDB to give $4.5 billion oil financing facility

The Islamic Development Bank (IDB) will provide $4.5 billion oil financing facility to Pakistan, Aaj News reported on Saturday, quoting the finance ministry spokesperson. The IDB will provide Pakistan $1.5 billion worth of oil on deferred payment each yea

Published 27 Jan, 2019 12:00am

IDB to give $4.5 billion oil financing facility

IDB to give $4.5 billion oil financing facility

The Islamic Development Bank (IDB) will provide $4.5 billion oil financing facility to Pakistan, Aaj News reported on Saturday, quoting the finance ministry spokesperson. The IDB will provide Pakistan $1.5 billion worth of oil on deferred payment each yea

Published 27 Jan, 2019 12:00am

Indian Republic Day observed as 'Black Day': two more Kashmiri youth martyred in IHK

Indian Republic Day observed as 'Black Day': two more Kashmiri youth martyred in IHK

Indian occupying forces martyred two more Kashmiris in Indian-occupied Kashmir (IoK) on the occasion of India's Republic Day on Saturday. The youth were martyred during a cordon and search operation.

Published 27 Jan, 2019 12:00am

Indian Republic Day observed as 'Black Day': two more Kashmiri youth martyred in IHK

Indian Republic Day observed as 'Black Day': two more Kashmiri youth martyred in IHK

Indian occupying forces martyred two more Kashmiris in Indian-occupied Kashmir (IoK) on the occasion of India's Republic Day on Saturday. The youth were martyred during a cordon and search operation.

Published 27 Jan, 2019 12:00am

The Weather

The Weather

The weather report on Saturday (January 26, 2019) and the forecast for Sunday (January 27, 2019).

Published 27 Jan, 2019 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 26, 2019)

Published 27 Jan, 2019 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

THE RUPEE: rates improve further

Currency

THE RUPEE: rates improve further

The rupee gained further ground in relation to the dollar on Saturday in process of trading activity, dealers said. The rupee rose by 10 paisas in terms of the dollar for buying at Rs 138.60 and it also picked up 20 paisas for selling at Rs 139.00, they s

Published 27 Jan, 2019 12:00am

THE RUPEE: rates improve further

Currency

THE RUPEE: rates improve further

The rupee gained further ground in relation to the dollar on Saturday in process of trading activity, dealers said. The rupee rose by 10 paisas in terms of the dollar for buying at Rs 138.60 and it also picked up 20 paisas for selling at Rs 139.00, they s

Published 27 Jan, 2019 12:00am

Open market rates of foreign currencies

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (January 26, 2019).

Published 27 Jan, 2019 12:00am

Aaj TV - Sunday's schedule

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 27 Jan, 2019 12:00am

Cotton market: volume of business rises after mini-budget

Cotton

Cotton market: volume of business rises after mini-budget

Cotton market performed well during the week after the announcement of the mini-budget, dealers said on the cotton market on Saturday. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, over 5000 bales of cotton changed ha

Published 27 Jan, 2019 12:00am

Tunisia buys wheat, barley

Tunisia buys wheat, barley

Tunisia's state grains agency purchased around 100,000 tonnes of soft milling wheat and 50,000 tonnes of feed barley in an international tender which closed on Wednesday, European traders said. The grains can all be sourced from optional origins. The whea

Published 27 Jan, 2019 12:00am

China's iron ore futures rise

China's iron ore futures rise

China's iron ore futures rose on Thursday along with steel prices, as investors regained confidence after senior Chinese officials gave assurances about the economic outlook for 2019. China's Vice-President Wang Qishan said on Wednesday at the World Econo

Published 27 Jan, 2019 12:00am

Foreigners sold Japanese stocks for sixth straight week

Foreigners sold Japanese stocks for sixth straight week

Foreigners net sold Japanese stocks for the sixth straight week that ended on January 11, despite sharp gains in the country's major stock indexes due to optimism over Sino-US trade talks. Overseas investors sold a net 182.13 billion yen ($1.67 billion) w

Published 27 Jan, 2019 12:00am

US bond yields rise as Wall Street stocks rally

US bond yields rise as Wall Street stocks rally

US Treasury yields rose on Friday, with 10-year yields bouncing from a one-week low, as Wall Street stocks climbed on upbeat company results, offsetting worries about slowing economic growth and the US-China trade conflict. A looming supply of Treasuries

Published 27 Jan, 2019 12:00am

US bond yields rise as Wall Street stocks rally

US bond yields rise as Wall Street stocks rally

US Treasury yields rose on Friday, with 10-year yields bouncing from a one-week low, as Wall Street stocks climbed on upbeat company results, offsetting worries about slowing economic growth and the US-China trade conflict. A looming supply of Treasuries

Published 27 Jan, 2019 12:00am

Bad news for EU growth is good news for bonds post ECB meet

Bad news for EU growth is good news for bonds post ECB meet

Core euro zone bond yields struggled to find much uplift on Friday morning, a day after falling sharply due to downbeat comments from ECB President Mario Draghi, who acknowledged weaker economic growth in the bloc. Core yields in the bloc fell to two-week

Published 27 Jan, 2019 12:00am

Bad news for EU growth is good news for bonds post ECB meet

Bad news for EU growth is good news for bonds post ECB meet

Core euro zone bond yields struggled to find much uplift on Friday morning, a day after falling sharply due to downbeat comments from ECB President Mario Draghi, who acknowledged weaker economic growth in the bloc. Core yields in the bloc fell to two-week

Published 27 Jan, 2019 12:00am

Slack 'seriously' considering direct market listing

Slack 'seriously' considering direct market listing

Slack Technologies Inc is "seriously" considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday. The Wall Street Journal reported that Slack, which operates a popular workplace instant-m

Published 27 Jan, 2019 12:00am

Emerging markets brought the bears, now they have the bulls

Emerging markets brought the bears, now they have the bulls

This weekend marks a year since the start of one of most comprehensive global bear markets on record, but just as the developing world's equity indexes were first to fold last year, now they are leading the charge back up. Although there are a few subtlet

Published 27 Jan, 2019 12:00am

Emerging markets brought the bears, now they have the bulls

Emerging markets brought the bears, now they have the bulls

This weekend marks a year since the start of one of most comprehensive global bear markets on record, but just as the developing world's equity indexes were first to fold last year, now they are leading the charge back up. Although there are a few subtlet

Published 27 Jan, 2019 12:00am

Wall Street advances on Washington temporary shutdown deal

Wall Street advances on Washington temporary shutdown deal

Wall Street gained ground on Friday in a broad-based rally as investors were heartened by news that Washington would move to temporarily end the longest US government shutdown in history. All three major US stock indexes advanced, with the Dow and the Nas

Published 27 Jan, 2019 12:00am

African currencies week ahead: Several African currencies seen stable

Currency

African currencies week ahead: Several African currencies seen stable

The currencies of Nigeria, Kenya, Uganda, Tanzania and Zambia are all expected to remain range-bound in the coming week.

Published 27 Jan, 2019 12:00am

Canadian dollar notches biggest gain in 4 months

Currency

Canadian dollar notches biggest gain in 4 months

The Canadian dollar rallied to a two-week high against its broadly weaker US counterpart on Friday as oil prices rose and a deal to end the US government shutdown helped boost stocks. At 4:09 p.m. (2109 GMT), the Canadian dollar was trading 1 percent high

Published 27 Jan, 2019 12:00am

Crypto value unproven, blockchain years away from mainstream: JP Morgan

Crypto value unproven, blockchain years away from mainstream: JP Morgan

The value of cryptocurrencies is unproven and the widely-hyped blockchain technology that grew out of them will not make any real difference to banks for at least three to five years, JP Morgan analysts said on Thursday. The comments underscored widesprea

Published 27 Jan, 2019 12:00am

Indian rupee seen facing more punishment, but no new record low

Currency

Indian rupee seen facing more punishment, but no new record low

The battered Indian rupee will take another bruising this year, despite a recent revival, weighed down by uncertainty around national elections in May and an expected economic slowdown, a Reuters poll found. While the currency recovered nearly 6 percent a

Published 27 Jan, 2019 12:00am

Dollar slides as Trump calls temporary end to partial govt shutdown

Currency

Dollar slides as Trump calls temporary end to partial govt shutdown

The dollar fell to a more than one-week low on Friday, holding losses, after US President Donald Trump announced a tentative agreement with lawmakers to end a partial US government shutdown for three weeks. Trump's announcement briefly pared the dollar's

Published 27 Jan, 2019 12:00am

China confident of keeping 2019 growth within 'appropriate range'

China confident of keeping 2019 growth within 'appropriate range'

China is fully confident that it is capable of keeping its economic growth rate within an appropriate range in 2019 in spite of challenges, state news agency Xinhua reported Chinese Premier Li Keqiang as saying on Friday. "China's economy has enough resil

Published 27 Jan, 2019 12:00am

MoneyGram exploring options, including potential sale

MoneyGram exploring options, including potential sale

MoneyGram International Inc is exploring strategic alternatives, including a sale of the company, a year after a US government panel nixed its $1.2 billion sale to China's Ant Financial, people familiar with the matter said on Friday. The Dallas-based com

Published 27 Jan, 2019 12:00am

French 'yellow vests' defy Macron with fresh protests

French 'yellow vests' defy Macron with fresh protests

Thousands of "yellow vest" demonstrators marched through Paris and other cities on Saturday on the 11th weekend of action against the government, suggesting President Emmanuel Macron has yet to defuse public opposition to some of his policies. The protest

Published 27 Jan, 2019 12:00am

Germany should phase out coal use by 2038: commission

Germany should phase out coal use by 2038: commission

Germany should stop using coal for electricity production by 2038, a government-appointed commission said Saturday, laying out an 80-billion euro roadmap to phase out the polluting fuel. The commission agreed to the deadline after months of bitter wrangli

Published 27 Jan, 2019 12:00am

Swiss Re makes digital side-bet as premiums languish

Swiss Re makes digital side-bet as premiums languish

The world's second-largest reinsurer, Swiss Re, plans to double down on a small, new online insurance venture as its huge core business continues to be pinched by losses on natural disasters and what it calls unsustainably low premiums. Chief Executive Ch

Published 27 Jan, 2019 12:00am

Saudi seeks to attract $427 billion with industrial programme

Saudi seeks to attract $427 billion with industrial programme

Saudi Arabia aims to attract investment worth 1.6 trillion riyals ($427 billion) in the next decade through an industrial development programme aimed at diversifying the economy, Energy Minister Khalid al-Falih said on Saturday. He said the kingdom would

Published 27 Jan, 2019 12:00am

Oscar-winning French composer Michel Legrand dies

Oscar-winning French composer Michel Legrand dies

Prolific French composer Michel Legrand, who won three Oscars and five Grammys during a career spanning more than half a century, died aged 86 on Saturday, prompting an outpouring of tributes for his "inexhaustible genius". Legrand's music spanned a wide

Published 27 Jan, 2019 12:00am

Around 300 missing, many feared dead in Brazil dam collapse

Around 300 missing, many feared dead in Brazil dam collapse

Nearly 300 people were missing, many feared dead, on Saturday after a dam collapsed at a mine in southeastern Brazil, according to officials and the mine owner, corporate giant Vale. Emergency services said they had recovered nine bodies from the massive

Published 27 Jan, 2019 12:00am

Turkey renews flights to Iraqi Kurd city after 16-month ban

Turkey renews flights to Iraqi Kurd city after 16-month ban

Flights between Turkey and the Iraqi Kurdish city of Sulaimaniyah resumed Saturday, according to aviation authorities, after a 16-month air blockade imposed by Ankara over an independence referendum. Kurds in the administratively autonomous northern regio

Published 27 Jan, 2019 12:00am

Damascus condemns Turkey presence in north Syria

Damascus condemns Turkey presence in north Syria

The Syrian government on Saturday condemned Turkey's military presence in northern Syria as a violation of a 1998 protocol between the two countries. Turkey's President Recep Tayyip Erdogan has insisted the Adana Protocol gives his country the right to in

Published 27 Jan, 2019 12:00am

Tunisia, Russia call for Arab League to readmit Syria

Tunisia, Russia call for Arab League to readmit Syria

Syria's "natural place" is within the Arab League, Tunisia's foreign minister said Saturday, ahead of the organisation's annual summit in Tunis in March. "Syria is an Arab state, and its natural place is within the Arab League," Khemaies Jhinaoui said dur

Published 27 Jan, 2019 12:00am

Flooding kills five in snow-hit Algeria

Flooding kills five in snow-hit Algeria

Algeria's civil protection unit said Saturday five people died after being swept away by flood waters as a cold snap in the Maghreb brought snow to several of the country's regions. "All the victims have been retrieved over the last 48 hours after being s

Published 27 Jan, 2019 12:00am

Israeli settlers kill Palestinian in the West Bank

Israeli settlers kill Palestinian in the West Bank

Israeli settlers shot and killed a Palestinian man in the occupied West Bank on Saturday, Palestinian officials and the Israeli military said. The incident followed a confrontation between settlers and Palestinians near the city of Ramallah in which a set

Published 27 Jan, 2019 12:00am

Venezuelan Foreign Minister rejects EU ultimatum for new election

Venezuelan Foreign Minister rejects EU ultimatum for new election

Venezuela's foreign minister rejected a European ultimatum Saturday to hold elections within eight days, insisting that Nicolas Maduro remained the legitimate president despite US-led pressure. "Nobody is going to give us deadlines or tell us if there are

Published 27 Jan, 2019 12:00am

Chase stars as West Indies close in on dominant win

Chase stars as West Indies close in on dominant win

Roston Chase took three wickets with his off-spin in the afternoon session as the West Indies closed in on a massive victory over England on the fourth day of the first Test at Kensington Oval in Barbados on Saturday.

Published 27 Jan, 2019 12:00am

Sharma, Dhawan flay New Zealand

Sharma, Dhawan flay New Zealand

India's celebrated opening pair Rohit Sharma and Shikhar Dhawan produced yet another century stand Saturday to set up an overwhelming 90-run win in the second one-day international against New Zealand. Sharma put their match-winning effort at Mount Maung

Published 27 Jan, 2019 12:00am

Nepal's Paudel eclipses Tendulkar, Afridi with international fifty

Nepal's Paudel eclipses Tendulkar, Afridi with international fifty

Nepal batsman Rohit Paudel became the youngest male cricketer to score an international fifty on Saturday at the age of 16 years and 146 days, breaking Sachin Tendulkar's previous mark. He is also the youngest man to score a one-day international half-cen

Published 27 Jan, 2019 12:00am

Pakistan women's team for West Indies T20Is and ODIs announced

Pakistan women's team for West Indies T20Is and ODIs announced

The Pakistan women's selection committee, headed by former men's Test cricketer Jalaluddin, has announced the sides for the upcoming T20Is and ODIs against the West Indies. Karachi will host the three T20Is on 31 January, 1 and 3 February, while Dubai wi

Published 27 Jan, 2019 12:00am

Noor Zaman wins All Pakistan Junior Open Squash Championship

Noor Zaman wins All Pakistan Junior Open Squash Championship

Noor Zaman clinched the trophy after defeating Asad Ullah in the final of the All Pakistan National Junior Open Squash Championship played here at PAF Hashim Khan Squash Complex on Saturday. Secretary Irrigation Khyber Pakhtunkhwa Daud Khan was the chief

Published 27 Jan, 2019 12:00am

Amir back as Pakistan T20 squad announced

Amir back as Pakistan T20 squad announced

Pacer Mohammad Amir was recalled in the T-20 squad, as the Pakistan Cricket Board (PCB) Saturday announced a 15-man squad for the upcoming 20-over series against South Africa. The Pakistani squad includes one change from the one that defeated Australia an

Published 27 Jan, 2019 12:00am

'Shocked' Osaka wins Australian Open to become world number one

'Shocked' Osaka wins Australian Open to become world number one

Japan's Naomi Osaka said she was "in a state of shock" Saturday after holding her nerve to battle past Petra Kvitova and win the Australian Open in a three-set thriller that also gives her the world number one ranking.

Published 27 Jan, 2019 12:00am

Brazil forecasts smaller coffee crop in 2019, possibly supporting prices

Brazil forecasts smaller coffee crop in 2019, possibly supporting prices

Brazil's 2019 coffee crop is seen at between 50.48 million bags and 54.48 million bags, compared to 61.65 million bags produced in 2018, as the off-year in arabica's production cycle cuts overall output, the government agency Conab said on Thursday. Silvi

Published 27 Jan, 2019 12:00am

Vegetable oil prices to rise $50-$100 per tonne by June

Vegetable Oil

Vegetable oil prices to rise $50-$100 per tonne by June

Prices of vegetable oils including palm oil are set to rise by $50-$100 per tonne by June, according to a forecast by industry analyst James Fry. "Prices of crude palm oil and other oils depend on the outlook for palm stocks. Stocks will fall till mid-yea

Published 27 Jan, 2019 12:00am

Ivory Coast rains revive hopes for a strong cocoa mid-crop

Ivory Coast rains revive hopes for a strong cocoa mid-crop

mix of strong rains and sunny spells last week in most of Ivory Coast's cocoa regions augurs well for the April-to-September mid-crop's development, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is in the dry season that runs from N

Published 27 Jan, 2019 12:00am

France's Senalia eyes role in Ukraine exports, Algeria logistics

France's Senalia eyes role in Ukraine exports, Algeria logistics

French grain terminal operator Senalia is considering developing a port facility in Ukraine and hopes to finalise a logistics joint venture in Algeria this year as it reaches beyond its home market for the first time, its top executive said. Cooperative-o

Published 27 Jan, 2019 12:00am

China aluminium production surges to record monthly high

China aluminium production surges to record monthly high

China's primary aluminium output defied low prices to rise for a second straight month to a record high in December, while 2018 annual output was also a record, official data showed on Monday. The world's top aluminium maker produced 3.05 million tonnes o

Published 27 Jan, 2019 12:00am

South African maize planting area seen down 14 percent from last season

South African maize planting area seen down 14 percent from last season

South African maize farmers are expected to plant 14 percent less of the staple crop in the 2018/2019 season compared with the previous season after dry conditions delayed plantings outside the optimum window. South Africa's Crop Estimates Committee (CEC)

Published 27 Jan, 2019 12:00am

Marriage halls' owners withdraw shutdown call

Marriage halls' owners withdraw shutdown call

Marriage halls association on Saturday withdrew their call to close down marriage hall after Mayor Karachi opposed any move to demolish the halls and Minister for local government Saeed Ghani assured the association to halt demolition drive to begin from

Published 27 Jan, 2019 12:00am

PHMA lauds government's initiatives, schemes at domestic level

PHMA lauds government's initiatives, schemes at domestic level

The Pakistan Hosiery Manufacturers Association (PHMA) has welcomed various policy initiatives and schemes of the government at domestic level in order to achieve sustainable growth, modernization and value addition, asking the authorities to also work for

Published 27 Jan, 2019 12:00am

Roadmap for providing latest health facilities finalised: CM

Roadmap for providing latest health facilities finalised: CM

Punjab Chief Minister Sardar Usman Buzdar on Saturday said the roadmap has been prepared to provide modern health facilities to the people. "Resources will be provided on priority basis to improve health facilities; while implementation of reforms in the

Published 27 Jan, 2019 12:00am

Punjab discusses steps for promoting investment

Punjab discusses steps for promoting investment

A high-level meeting under the chair of Provincial Minister for Industries Mian Aslam Iqbal and Finance Minister Makhdoom Hashim Jawan Bakht was held at the office of Punjab Board of Investment here today. Measures and proposals for the promotion of inves

Published 27 Jan, 2019 12:00am

Reforms package to help revive business sentiment: BMP chief

Reforms package to help revive business sentiment: BMP chief

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said the sudden depreciation in rupee's value that declined by 26 percent during last year put the businessmen in great confusion. BMP Chairman Mian An

Published 27 Jan, 2019 12:00am

Nespak undertakes 3,900 projects in Pakistan and abroad

Nespak undertakes 3,900 projects in Pakistan and abroad

National Engineering Services Pakistan (Pvt) Limited has successfully completed 45 years of its establishment and during the last four and a half decades, it has undertaken 3,900 development projects within Pakistan and 37 other countries of the world wit

Published 27 Jan, 2019 12:00am

PTA terms 'mini-budget' export driven, investment-oriented

PTA terms 'mini-budget' export driven, investment-oriented

The Chairman (Central) of Pakistan Tanners Association (PTA) Agha Saiddain has termed the mini budget presented before the National Assembly on January 23 as positive step, export driven and investment friendly. While talking to Business Recorder h

Published 27 Jan, 2019 12:00am

Paragon Housing Scam: Physical remand of Khawaja brothers extended

Paragon Housing Scam: Physical remand of Khawaja brothers extended

An accountability court here Saturday extended the physical remand of former Railways Minister Khawaja Saad Rafiqe and his brother Khawaja Salman Rafiqe in Paragon Housing Scam till February 2. Earlier, the NAB prosecutor pleaded the NAB could not continu

Published 27 Jan, 2019 12:00am

Procurement of considerable quantity of potato under study

Procurement of considerable quantity of potato under study

The federal government is considering to procure considerable quantity of potato in a bid to facilitate potato growers and avoid crisis like situation, it is learnt. Official sources revealed to Business Recorder that an important meeting regarding

Published 27 Jan, 2019 12:00am

Efforts under way to bring prosperity: Sarwar

Efforts under way to bring prosperity: Sarwar

The Punjab governor Chuadhry Mohammad Sarwar Saturday said the Pakistan Tehreek-e-Insaf government is taking difficult decisions, to bring era of prosperity and development in Pakistan. "Provision of justice, supremacy of constitution, stability of econom

Published 27 Jan, 2019 12:00am

Over 390 awarded degrees at Isra university convocation

Over 390 awarded degrees at Isra university convocation

"We live in an age of innovation and change, and in such an age, the universities have a special obligation. They must hold fast to the best of the past, and do more for the best of the future", said Prof Dr Asadullah Kazi, Chancellor, Isra University whi

Published 27 Jan, 2019 12:00am

New industrial policy to attract local & foreign investors: Dawood

New industrial policy to attract local & foreign investors: Dawood

Abdul Razzak Dawood, Advisor to Prime Minister on Commerce, Textile, Industry & Production and Investment, Saturday said that consultation process for preparation of new industrial policy will be initiated very soon. It will be a long-term and business fr

Published 27 Jan, 2019 12:00am

Centre accused of double standards

Centre accused of double standards

Adviser to Sindh Chief Minister on Information & Archives, Law, and Anti-Corruption Establishment barrister Murtaza Wahab in a statement on Saturday said that the Federal Government should be aware of the fact that Karachi is not alone or orphan.

Published 27 Jan, 2019 12:00am

Adviser for early resolution of KCIP issues

Adviser for early resolution of KCIP issues

Razak Dawood, an advisor to PM on Commerce, Industry and Textile directed the officials concerned to set deadlines for resolution of issues being faced by the stakeholders at Korangi Creek Industrial Park (KCIP). The directives were made during his meetin

Published 27 Jan, 2019 12:00am

Cold, dry weather forecast for most parts of country

Cold, dry weather forecast for most parts of country

Temperature dropped to minus 16 degrees Celsius in Skardu over the past 24 hours, as the Met Office on Saturday forecast that the most parts of the country are expected to witness a cold and dry weather on Sunday. Makran, Karachi and other coastal areas m

Published 27 Jan, 2019 12:00am

Sale of dry fruits remains low due to high prices

Currency

Sale of dry fruits remains low due to high prices

The sale of dry fruits remains sluggish during the current winter season due to high prices which made it beyond the reach of the common man. The winter is the peak season for dry fruit sellers and around 70 percent of the annual sale happens during winte

Published 27 Jan, 2019 12:00am

Curbing smuggling, narcotics: Alvi stresses need for utilising modern technology

Curbing smuggling, narcotics: Alvi stresses need for utilising modern technology

President Dr Arif Alvi Saturday stressed the need for utilizing latest technology in order to curb the menace of smuggling and narcotics trade. Addressing at a ceremony organized on the international customs day at Customs House, he said that the fast pac

Published 27 Jan, 2019 12:00am

KU administration reaffirms respect for military leadership

KU administration reaffirms respect for military leadership

The KU administration has warned that no one will be allowed to deteriorate peaceful environment of the University of Karachi through false propaganda aimed at misleading people on KU and the military leadership.

Published 27 Jan, 2019 12:00am

World Customs Day marked

World Customs Day marked

The World Customs Day was observed here on Saturday to recognize the role of Customs officials and agencies in maintaining border security. In this regard, a ceremony was held at Peshawar Customs House, in which Customs Collector Peshawar, Dr Muhammad Sae

Published 27 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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