News Archives for Print - 2019-02-12

PSDP 2018-19: government releases Rs 310.3 billion for uplift projects

The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 310.3 billion (46 percent) including Rs 121.5 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allo

Published 12 Feb, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Cotton

Rs 6 billion investment threshold likely: ECC may approve new criteria for OMC licence today

A meeting of the Economic Coordination Committee (ECC) of the Cabinet is likely to consider and approve new criteria for issuance of petroleum products marketing licence today (Tuesday) with increase in investment by prospective company to Rs 6 billion fr

Published 12 Feb, 2019 12:00am

Weekly statement of position of all scheduled banks

Weekly statement of position of all scheduled banks as at the close of business on November 23, 2018.

Published 12 Feb, 2019 12:00am

Cotton

Rs 6 billion investment threshold likely: ECC may approve new criteria for OMC licence today

A meeting of the Economic Coordination Committee (ECC) of the Cabinet is likely to consider and approve new criteria for issuance of petroleum products marketing licence today (Tuesday) with increase in investment by prospective company to Rs 6 billion fr

Published 12 Feb, 2019 12:00am

Weekly statement of position of all scheduled banks

Weekly statement of position of all scheduled banks as at the close of business on November 23, 2018.

Published 12 Feb, 2019 12:00am

Cotton

Rs 6 billion investment threshold likely: ECC may approve new criteria for OMC licence today

A meeting of the Economic Coordination Committee (ECC) of the Cabinet is likely to consider and approve new criteria for issuance of petroleum products marketing licence today (Tuesday) with increase in investment by prospective company to Rs 6 billion fr

Published 12 Feb, 2019 12:00am

Kerb

Pakistan Economic Indicators

Pakistan Economic Indicators - Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Mohmand Dam: Wapda engaged in price negotiation: chairman

Chairman Water and Power Development Authority (Wapda) ,Lt. General Muzammal Hussain (retired) revealed on Monday that Wapda is engaged in price negotiation with the Mohmand Dam's consortium China Ghazub- Descon and Voith Hydro for the last one month. He

Published 12 Feb, 2019 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Mohmand Dam: Wapda engaged in price negotiation: chairman

Chairman Water and Power Development Authority (Wapda) ,Lt. General Muzammal Hussain (retired) revealed on Monday that Wapda is engaged in price negotiation with the Mohmand Dam's consortium China Ghazub- Descon and Voith Hydro for the last one month. He

Published 12 Feb, 2019 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Mohmand Dam: Wapda engaged in price negotiation: chairman

Chairman Water and Power Development Authority (Wapda) ,Lt. General Muzammal Hussain (retired) revealed on Monday that Wapda is engaged in price negotiation with the Mohmand Dam''s consortium China Ghazub- Descon and Voith Hydro for the last one month. He

Published 12 Feb, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Currency

Government 'very close' to securing IMF bailout: Umar

Finance Minister Asad Umar on Monday said that Pakistan is 'very close' to securing an International Monetary Fund (IMF) bailout package. However, he clarified that Prime Minister Imran Khan's meeting with International Monetary Fund (IMF) Managing Direct

Published 12 Feb, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 11, 2019)

Published 12 Feb, 2019 12:00am

Currency

Government 'very close' to securing IMF bailout: Umar

Finance Minister Asad Umar on Monday said that Pakistan is 'very close' to securing an International Monetary Fund (IMF) bailout package. However, he clarified that Prime Minister Imran Khan's meeting with International Monetary Fund (IMF) Managing Direct

Published 12 Feb, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Currency

Government ''very close'' to securing IMF bailout: Umar

Finance Minister Asad Umar on Monday said that Pakistan is ''very close'' to securing an International Monetary Fund (IMF) bailout package. However, he clarified that Prime Minister Imran Khan''s meeting with International Monetary Fund (IMF) Managing Dir

Published 12 Feb, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Agreement on reform agenda specifics yet to be reached

An agreement on the specifics of a reform agenda between International Monetary Fund (IMF) and Pakistan is yet to be reached on a bailout package as the two sides will hold technical and policy level discussions before an agreement is reached, including o

Published 12 Feb, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Agreement on reform agenda specifics yet to be reached

An agreement on the specifics of a reform agenda between International Monetary Fund (IMF) and Pakistan is yet to be reached on a bailout package as the two sides will hold technical and policy level discussions before an agreement is reached, including o

Published 12 Feb, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Agreement on reform agenda specifics yet to be reached

An agreement on the specifics of a reform agenda between International Monetary Fund (IMF) and Pakistan is yet to be reached on a bailout package as the two sides will hold technical and policy level discussions before an agreement is reached, including o

Published 12 Feb, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

Moody's changes banking system outlook to B3 negative

Moody's Investors Services has changed its outlook for the banking system in Pakistan to negative (B3 negative) from stable owing to slowing of the economy and high exposure to sovereign debt. Moody's in its latest report "Banking System Outlook: Pakistan

Published 12 Feb, 2019 12:00am

LME official prices

The following were Friday official prices.

Published 12 Feb, 2019 12:00am

Moody's changes banking system outlook to B3 negative

Moody's Investors Services has changed its outlook for the banking system in Pakistan to negative (B3 negative) from stable owing to slowing of the economy and high exposure to sovereign debt. Moody's in its latest report "Banking System Outlook: Pakistan

Published 12 Feb, 2019 12:00am

LME official prices

The following were Friday official prices.

Published 12 Feb, 2019 12:00am

Moody''s changes banking system outlook to B3 negative

Moody''s Investors Services has changed its outlook for the banking system in Pakistan to negative (B3 negative) from stable owing to slowing of the economy and high exposure to sovereign debt. Moody''s in its latest report "Banking System Outlook: Pakist

Published 12 Feb, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

PML-N asks PM to tender apology

Pakistan Muslim League-Nawaz (PML-N) Spokesperson Marriyum Aurangzeb Monday asked Prime Minister Imran Khan to tender an apology to the nation for taking a "U-turn" in relation to the International Monetary Fund (IMF). "We do not want Prime Minister Imran

Published 12 Feb, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 11, 2019).

Published 12 Feb, 2019 12:00am

PML-N asks PM to tender apology

Pakistan Muslim League-Nawaz (PML-N) Spokesperson Marriyum Aurangzeb Monday asked Prime Minister Imran Khan to tender an apology to the nation for taking a "U-turn" in relation to the International Monetary Fund (IMF). "We do not want Prime Minister Imran

Published 12 Feb, 2019 12:00am

The Weather

The weather report on Monday (February 11, 2019) and the forecast for Tuesday (February 12, 2019).

Published 12 Feb, 2019 12:00am

Australia signs massive sub deal with French firm

Australia formally signed a Aus$50 billion "strategic partnership" with France to build 12 state of the art submarines Monday, a signal of Canberra's willingness to project power across the Pacific. Prime Minister Scott Morrison hailed the "very audacious

Published 12 Feb, 2019 12:00am

Currency

July-January FY19: Trade deficit down $2 billion due to RD on imports: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Production and Investment, Abdul Razzak Dawood looked jubilant over the reduction in trade deficit by $ 2 billion during the first seven months of current fiscal year due to Regulatory Duties on

Published 12 Feb, 2019 12:00am

Currency

July-January FY19: Trade deficit down $2 billion due to RD on imports: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Production and Investment, Abdul Razzak Dawood looked jubilant over the reduction in trade deficit by $ 2 billion during the first seven months of current fiscal year due to Regulatory Duties on

Published 12 Feb, 2019 12:00am

Currency

July-January FY19: Trade deficit down $2 billion due to RD on imports: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Production and Investment, Abdul Razzak Dawood looked jubilant over the reduction in trade deficit by $ 2 billion during the first seven months of current fiscal year due to Regulatory Duties on

Published 12 Feb, 2019 12:00am

Asghar Khan case: Ministry of defence given four weeks to file inquiry report

The Ministry of Defence was given four weeks on Monday to file a report regarding investigation against army officers allegedly involved in the distribution of funds among politicians during the 1990 general elections. The apex court on last hearing of ca

Published 12 Feb, 2019 12:00am

Asghar Khan case: Ministry of defence given four weeks to file inquiry report

The Ministry of Defence was given four weeks on Monday to file a report regarding investigation against army officers allegedly involved in the distribution of funds among politicians during the 1990 general elections. The apex court on last hearing of ca

Published 12 Feb, 2019 12:00am

Hariri repents his role in NRO?

Information Minister Fawad Chaudhry has claimed that Prime Minister of Lebanon Saad El-Din Rafik Al-Hariri is of the view that seeking National Reconciliation Ordinance (NRO) for the Sharif family was his big mistake. The minister in his tweet claimed on

Published 12 Feb, 2019 12:00am

Hariri repents his role in NRO?

Information Minister Fawad Chaudhry has claimed that Prime Minister of Lebanon Saad El-Din Rafik Al-Hariri is of the view that seeking National Reconciliation Ordinance (NRO) for the Sharif family was his big mistake. The minister in his tweet claimed on

Published 12 Feb, 2019 12:00am

Contemptuous letters: Errant private schools may be nationalised: SC

The Supreme Court Monday said if private schools will not comply with its order regarding reduction of 20 percent fee, it will ask the government to take control of these schools. A three-member bench headed by Justice Gulzar Ahmed was hearing contempt of

Published 12 Feb, 2019 12:00am

Contemptuous letters: Errant private schools may be nationalised: SC

The Supreme Court Monday said if private schools will not comply with its order regarding reduction of 20 percent fee, it will ask the government to take control of these schools. A three-member bench headed by Justice Gulzar Ahmed was hearing contempt of

Published 12 Feb, 2019 12:00am

July-January exports up 2.24 percent YoY

Exports during July-January 2018-19 witnessed an increase of 2.24 percent from $12.94 billion to $13.2 billion as compared to July-January 2017-18, said Pakistan Bureau of Statistic (PBS). The PSB data on the country's exports, imports and trade balance r

Published 12 Feb, 2019 12:00am

July-January exports up 2.24 percent YoY

Exports during July-January 2018-19 witnessed an increase of 2.24 percent from $12.94 billion to $13.2 billion as compared to July-January 2017-18, said Pakistan Bureau of Statistic (PBS). The PSB data on the country's exports, imports and trade balance r

Published 12 Feb, 2019 12:00am

July-January exports up 2.24 percent YoY

Exports during July-January 2018-19 witnessed an increase of 2.24 percent from $12.94 billion to $13.2 billion as compared to July-January 2017-18, said Pakistan Bureau of Statistic (PBS). The PSB data on the country''s exports, imports and trade balance

Published 12 Feb, 2019 12:00am

Opec isn't a cartel, doesn't fix oil prices: Barkindo

Opec Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a US House committee passing a bill targeting Opec oil supply cuts.

Published 12 Feb, 2019 12:00am

Opec isn't a cartel, doesn't fix oil prices: Barkindo

Opec Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a US House committee passing a bill targeting Opec oil supply cuts.

Published 12 Feb, 2019 12:00am

Opec isn''t a cartel, doesn''t fix oil prices: Barkindo

Opec Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a US House committee passing a bill targeting Opec oil supply cuts.

Published 12 Feb, 2019 12:00am

Property, tobacco, retail sectors: TRC panel decides to improve taxation system

The high-powered committee of the Tax Reforms Commission under the chairmanship of Minister of State for Revenue, Muhammad Hammad Azhar Monday decided to improve the system for accurate valuation of immovable properties, expedite process of track and trac

Published 12 Feb, 2019 12:00am

Property, tobacco, retail sectors: TRC panel decides to improve taxation system

The high-powered committee of the Tax Reforms Commission under the chairmanship of Minister of State for Revenue, Muhammad Hammad Azhar Monday decided to improve the system for accurate valuation of immovable properties, expedite process of track and trac

Published 12 Feb, 2019 12:00am

Property, tobacco, retail sectors: TRC panel decides to improve taxation system

The high-powered committee of the Tax Reforms Commission under the chairmanship of Minister of State for Revenue, Muhammad Hammad Azhar Monday decided to improve the system for accurate valuation of immovable properties, expedite process of track and trac

Published 12 Feb, 2019 12:00am

SNGPL suspends supply to fertilizer, CNG, non zero-rated industry

Gas supply to fertilizer, CNG and non zero rated industry has been suspended by the Sui Northern Gas Pipelines Ltd (SNGPL) due to the non berthing of Pakistan State Oil Cargo on Monday. According to the spokesperson of the SNGPL in view of non-berthing of

Published 12 Feb, 2019 12:00am

SNGPL suspends supply to fertilizer, CNG, non zero-rated industry

Gas supply to fertilizer, CNG and non zero rated industry has been suspended by the Sui Northern Gas Pipelines Ltd (SNGPL) due to the non berthing of Pakistan State Oil Cargo on Monday. According to the spokesperson of the SNGPL in view of non-berthing of

Published 12 Feb, 2019 12:00am

SNGPL suspends supply to fertilizer, CNG, non zero-rated industry

Gas supply to fertilizer, CNG and non zero rated industry has been suspended by the Sui Northern Gas Pipelines Ltd (SNGPL) due to the non berthing of Pakistan State Oil Cargo on Monday. According to the spokesperson of the SNGPL in view of non-berthing of

Published 12 Feb, 2019 12:00am

'Priyanka magic' draws thousands at debut rally in India

India's powerful Nehru-Gandhi dynasty on Monday unleashed its newest star with thousands turning out to see Priyanka Gandhi Vadra speak at her first rally as the country gears up for a general election. Crowds showered rose petals on the great-granddaught

Published 12 Feb, 2019 12:00am

'Priyanka magic' draws thousands at debut rally in India

India's powerful Nehru-Gandhi dynasty on Monday unleashed its newest star with thousands turning out to see Priyanka Gandhi Vadra speak at her first rally as the country gears up for a general election. Crowds showered rose petals on the great-granddaught

Published 12 Feb, 2019 12:00am

PM-IMF chief meeting

The tenor of Prime Minister Imran Khan's meeting with International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde on the sidelines of the 7th edition of World Government Summit held in Dubai is markedly different between the Prime Minister'

Updated 11 Mar, 2019 07:40am

Middle class constituency

Speaking at a book launch in Islamabad on February 8, 2019, Federal Minister for Information Fawad Chaudhry rued the fact that the Pakistan Tehreek-i-Insaaf (PTI) government had not been able to provide immediate economic relief to its middle class consti

Updated 11 Mar, 2019 07:55am

Public expenditure priorities

The level of expenditure of the federal and provincial governments combined has been rising continuously. It was at 17 percent of the GDP at the turn of the century. Seventeen years later, in 2017-18, it has approached 22 percent of the GDP.

Published 12 Feb, 2019 12:00am

Solution for PSM conundrum

"Steel mills [Pakistan Steel Mills (PSM)] is a venture which can be stated as harbinger of progress, agent and multiplier of development in its own right, sine qua non for move on the road to multi-facet emancipation".

Published 12 Feb, 2019 12:00am

With Iran squeezed out, US oil takes on new rivals in Europe

When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, US oil producing companies came well prepared.

Published 12 Feb, 2019 12:00am

Currency

PBCs: a suggestion

The attraction of proposed Pakistan Banao Certificates (PBCs) can be greatly enhanced by adding a simple feature to these instruments. SBP should permit all banks operating in Pakistan to accept these certificates as a collateral for extending facilities

Published 12 Feb, 2019 12:00am

CS for data collection of surface water used by hotels, industry

Chief Secretary Sindh, Syed Mumtaz Ali Shah has directed Secretary Industries to collect the data of utilisation of surface water by the 3, 4 and 5 star hotels and big and small industrial units in the province.

Published 12 Feb, 2019 12:00am

Huge quantity of smuggled LEDs, tyres confiscated

Model Customs Collectorate (MCC), Preventive on Monday claimed to have confiscated substantial quantity of smuggled LEDs and tyres from Saddar area. According to details, credible information was received, which revealed the presence of substantial quanti

Published 12 Feb, 2019 12:00am

Geo-strategic situation pose new challenges to region: Khattak

The three-day International Maritime Conference organized on the theme of 'Global Geopolitics in Transition: Rethinking Maritime Dynamics in the Indian Ocean Region' concluded at Karachi. The Conference was conducted by National Institute of Maritime Affa

Published 12 Feb, 2019 12:00am

Advisory Council meets: Pakistan supports negotiated political settlement for peace in Afghanistan: Qureshi

Foreign Minister Shah Mahmood Qureshi has said that Pakistan has always supported a negotiated political settlement of the Afghan conflict for restoration of peace and stability instead of use of power in the war-torn Afghanistan.

Published 12 Feb, 2019 12:00am

Training should be carried out in judicial academies: CJP

Chief Justice Asif Saeed Khan Khosa has emphasised that training of the investigation officers and prosecutors should be carried out in the judicial academies across the country to improve the investigation standards.

Published 12 Feb, 2019 12:00am

PML-N demands Imran to apologise for taking U-turns

The Pakistan Muslim League-Nawaz (PML-N) has asked Prime Minister Imran Khan to apologize to the nation for taking U-turns. Reacting to the PTI government approaching the International Monetary Fund (IMF) for a bailout package, PML-N spokesperson Marriyum

Published 12 Feb, 2019 12:00am

PPP demands details of negotiations with IMF

Pakistan Peoples Party (PPP) on Monday criticised the government's lack of transparency and chronic indecision over its negotiations with International Monetary Fund (IMF) for a bailout package and urged the government to present details of loans agreemen

Published 12 Feb, 2019 12:00am

SLIC committed to provide higher benefits to policy holders

State Life Insurance Corporation (SLIC) of Pakistan, the premier and only AAA-rated Insurance company of Pakistan is committed to provide higher benefits to its policy holders and to its genuine and dedicated officers and staff.

Published 12 Feb, 2019 12:00am

Government introducing economic reforms: governor

Punjab governor Chaudhry Mohammad Sarwar Monday said the government is introducing economic reforms aimed at ensuring national progress and prosperity. "We will set examples of good governance and transparency," the governor said while talking to a delega

Published 12 Feb, 2019 12:00am

AkzoNobel's Dulux introduces 'spiced honey'

Spiced Honey has been unveiled by AkzoNobel's Dulux brand as the colour of the Year for 2019, following expert research into global trends, insights and consumer behaviours. Taking inspiration from Honey itself, Colour of the Year 2019 has a warm amber to

Published 12 Feb, 2019 12:00am

Partly Facetious: 'Don't miss the boat'

"Miss the boat hunh! It's a maritime expression or so I would assume and for someone who was brought up in Lahore and not Karachi it perhaps reflects The Khan's intent to focus on Karachi as the engine of growth - I mean aren't most of his advisors from K

Published 12 Feb, 2019 12:00am

Ayatullah Arafi meets JI chief

The Chairman of the Iranian educational institutions Ayatullah Ali Raza Arafi, called on the Ameer, Jamaat-e-Islami, , Senator Sirajul Haq, at Mansoora on Monday and discussed with him the situation of the Muslim world including Pak- Iran relations. The n

Published 12 Feb, 2019 12:00am

Currency

Auto dealers fear further decline in sales

The auto-sector players feared 5-percent decline in the overall sales of automobiles for January-2019 to 22,448 units due to non-issuance of notification regarding withdrawal of restriction imposed on non-filers for purchase of new vehicles.

Published 12 Feb, 2019 12:00am

NAB's plea seeking transfer of Shahbaz's bail petition rejected

Lahore High Court Chief Justice Sardar Muhammad Shamim Khan on Monday dismissed an application of the National Accountability Bureau (NAB) seeking transfer of bail petition of Leader of Opposition in National Assembly Shahbaz Sharif from a bench presently

Published 12 Feb, 2019 12:00am

Hamza allowed another 14 days to stay in London

The Lahore High Court on Monday allowed another 14 days to leader of Opposition in Punjab Assembly Hamza Shahbaz to stay in London to take care of his newborn daughter. Previously, the court had granted permission to Hamza to visit his wife in London for

Published 12 Feb, 2019 12:00am

Punjab government agrees on name of Hamza as PAC chairman

The Punjab government on Monday agreed on the name of Leader of Opposition in the Punjab Assembly and Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz as the Chairman of Public Accounts Committee (PAC). In this connection, Punjab Law Minister Raj

Published 12 Feb, 2019 12:00am

LCCI wants CCI's joint proposals to be part of budget document

The government is already doing well for economic revival of the country and if it makes joint proposals of the chambers of commerce and industry (CCI) a part of its upcoming budget document, the country would definitely gain the momentum of growth.

Published 12 Feb, 2019 12:00am

Rich tribute paid to Asma Jahangir

The Lahore High Court Bar Association on Monday paid a rich tribute to senior lawyer and human rights activist Asma Jahangir on her first death anniversary. The participants addressing the ceremony resolved to carry on struggle of Asma for the rule of law

Published 12 Feb, 2019 12:00am

Smart metering project designed to facilitate foreign bidders

The qualification criteria laid down for $1 billion Asian Development Bank-funded smart metering project has been designed to facilitate foreign bidders and striking out constitutional rights of local industry as it is a sheer violation of Statutory Regul

Published 12 Feb, 2019 12:00am

Cotton

PTEA wants early payment of incentives under textile policies

Pakistan Textile Exporters Association (PTEA) has stressed for payment of incentives under textile policies 2009-14 & 2014-19 with release of supplementary grant or through promissory notes as a major portion of working capital had been blocked in this re

Published 12 Feb, 2019 12:00am

HEC chief for legal framework to improve industry-academia link

The Higher Education Commission (HEC) is facing several challenges, including lack of industry-academia linkages, admitted Chairman HEC Dr Tariq Banuri. "There is dire need for legal framework to improve industry-academia linkages," said Dr Banuri while b

Published 12 Feb, 2019 12:00am

Mutual Funds

Hinopak Motors Limited

HINO) is a popular name in the commercial vehicle segment of the automotive industry and a market leader in light and heavy commercial vehicles assembling buses, trucks, prime movers and special purpose vehicles. The latter is used for hauling a variety o

Published 12 Feb, 2019 12:00am

Mutual Funds

Hinopak Motors Limited

HINO) is a popular name in the commercial vehicle segment of the automotive industry and a market leader in light and heavy commercial vehicles assembling buses, trucks, prime movers and special purpose vehicles. The latter is used for hauling a variety o

Updated 13 Feb, 2019 05:53am

Vegetable Oil

Malaysian palm falls over 1 percent

Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fel

Published 12 Feb, 2019 12:00am

Currency

Aussie, kiwi up

The Australian dollar inched up from six-week lows on Monday helped by a rally in prices for iron ore, the country's top export earner, while its New Zealand cousin consolidated after sharp losses recently. The Australian dollar added 0.2 percent to $0.71

Published 12 Feb, 2019 12:00am

Asian forex: Chinese yuan and Indonesian rupiah weaken the most

Most emerging Asian units started the week weaker against the dollar on Monday, as concerns over slackening world growth and a possible resurgence in US-China trade frictions kept investors on the sidelines. With the latest round of high-level talks betwe

Published 12 Feb, 2019 12:00am

Currency

Rand hits near three-week low

South Africa's rand fell to its weakest in almost three weeks on Monday as state electricity firm Eskom stepped up controlled power cuts because of a shortage of generating capacity. At 1456 PM, the rand was 1.12 percent weaker at 13.7675 per dollar, its

Published 12 Feb, 2019 12:00am

Currency

Sterling drops as UK economy slows sharply

Sterling weakened on Monday after data showed that Britain's economy last year grew at its slowest since 2012, with Brexit uncertainty hitting investment and the slowdown acccelerating at the end of 2018 The October-to-December quarterly numbers followed

Published 12 Feb, 2019 12:00am

Zinc hits two-week low on China-US trade worries

Zinc slumped to a two-week low on Monday falling along with other industrial metals as speculators sold in response to concerns about US-China trade talks and global growth.

Published 12 Feb, 2019 12:00am

Venezuela's PDVSA seeks to barter its oil with India

Venezuela is open to barter payment arrangements with India as it seeks workarounds to US sanctions imposed in late January, Venezuelan Oil Minister Manuel Quevedo said on Monday.

Published 12 Feb, 2019 12:00am

Cotton

Oil prices dip; slow progress in trade talks counters OPEC cuts

Oil prices edged lower on Monday as worries surrounding the resumption of US-China trade talks overshadowed support from OPEC-led supply restraint.

Published 12 Feb, 2019 12:00am

Brazil soya farmers say Bayer violating court ruling

Germany's Bayer AG is in violation of a Brazilian court order obliging it to deposit in escrow royalties paid by Mato Grosso state farmers for its Intacta RR2 Pro soya seed technology, farmers claimed on Friday.

Published 12 Feb, 2019 12:00am

US MIDDAY: gold slips

Gold prices edged lower on Monday as investors preferred the safety of the dollar in the face of mounting concerns that the US-China trade dispute could slow global growth.

Published 12 Feb, 2019 12:00am

Cotton

China ministry raises 2018-19 cotton output outlook

China's 2018/19 cotton output was seen at 6.04 million tonnes, up from a previous forecast of 5.94 million tonnes, the Ministry of Agriculture and Rural Affairs said in its monthly crop report released on Monday.

Published 12 Feb, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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