News Archives for Print - 2019-03-23

Print - 2019-03-23

Friday's afternoon trade: Indexes tumble as weak factory data fuels slowdown worries

Wall Street's main indexes tumbled about 2 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to an inverted yield curve, stoking fears of an economic slowdown.

Published 23 Mar, 2019 12:00am

Wind energy corridor: Power Division, KE finalizing PPA on extra 150MW

The Power Division and Karachi Electric (KE) are reportedly finalizing Power Purchase Agreement (PPA) for supply of additional 150 MW of electricity from wind energy corridor, well-informed sources told Business Recorder.

Published 23 Mar, 2019 12:00am

At New York mosque, UN chief pledges to help protect religious sites

UN Secretary-General Antonio Guterres on Friday pledged action to help protect religious sites worldwide, during a visit to a New York Islamic center one week after the New Zealand mosque shootings that shocked the world.

Published 23 Mar, 2019 12:00am

Declining investment-to-GDP ratio

A World Bank report titled "Pakistan@100 Growth and Investment" maintains that Pakistan's low public and private investment will place it at a disadvantage to peer countries. The investment-to-GDP ratio in Sri Lanka, Bangladesh, Thailand, Cambodia and Ind

Updated 26 Mar, 2019 06:10am

A mockery of justice

It was obvious right from the outset that India did not want to hold anyone to account for the February 2007 terrorist bombing on Pakistan-bound train Samjhota Express as it passed through the Indian state of Haryana. 68 people, mostly Pakistani men, wome

Updated 26 Mar, 2019 06:10am

Public property being readied for sale

Prime Minister Imran Khan has said Pakistan is sitting on hundreds of billions of rupees in "dead capital" in the form of state land, rest houses and official residences built on that land.

Published 23 Mar, 2019 12:00am

Job well done

Sometimes, okay, scratch that, most times in this information age, new knowledge will appear out of nowhere and shake the way you have been looking at things; albeit, necessarily for that to happen one needs to be blessed with an open mind, and substance,

Published 23 Mar, 2019 12:00am

May leaves Brexit summit with more time, less respect

Over an agonising two-hour grilling, British Prime Minister Theresa May failed to convince exasperated European leaders she has any plan to deliver an orderly Brexit if MPs vote her withdrawal deal down.

Published 23 Mar, 2019 12:00am

Palestinians in financial crisis after Israel, US moves

The Palestinian Authority faces a suffocating financial crisis after deep US aid cuts and an Israeli move to withhold tax transfers, sparking fears for the stability of the West Bank.

Published 23 Mar, 2019 12:00am

Military courts

While speaking to media persons after his appearance before a team of National Accountability Bureau (NAB) investigators in the federal capital, the chairman of Pakistan People's Party (PPP) Bilawal Bhutto Zardari chose the occasion to announce that his p

Published 23 Mar, 2019 12:00am

Bilawal lashes out at government for terming his statement 'anti-Pakistan'

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari lashed out at the government for terming his (Bilawal's) statements against Pakistan's narrative, and advised his social media followers to read, think, speak and ignore the 'fascist trolls' who

Published 23 Mar, 2019 12:00am

SC verdict in LHC judges' seniority list case

The Supreme Court has held where an office for a fixed period envisages a pre-condition of making an oath, such period would commence under constitutional dispensation from the date when the oath is made. A five-member bench, headed by Justice Sheikh Azma

Published 23 Mar, 2019 12:00am

Fake bank accounts: AC summons Zardari, Faryal and others on April 8

The accountability court Friday summoned co-chairman Pakistan Peoples Party (PPP) Asif Ali Zardari, Faryal Talpur, Hussain Lawai, Anwar Majeed and others in the fake bank accounts case on April 8.

Published 23 Mar, 2019 12:00am

Government seeks foreign funding for Gwadar power project

Government will arrange a foreign finance of Rs 6.637 billion for the key project of interconnection of isolated Gwadar/Makran area with national grid system (NGS). The cost of the project has been rationalised to Rs 17.421 billion from Rs 22.333 billion

Published 23 Mar, 2019 12:00am

TPL Trakker launches 'Track Me'

TPL Trakker has launched 'Track Me', the country's first all-in-one personal tracking, which enables individuals and businesses to track family members and employees ensuring their safety and security.

Published 23 Mar, 2019 12:00am

Need stress for creating awareness about water conservation

University of Veterinary and Animal Sciences Lahore Vice-Chancellor, Prof Dr Talat Naseer Pasha has called for creating awareness among the public about the importance and conservation of water.

Published 23 Mar, 2019 12:00am

Only Pakistan theory guarantees progress: PSAA

Pakistan Ship Agents Association chairman and FPCCI's ex-vice president Tariq Haleem said Tariq Haleem asserted that only Pakistan theory guarantees the progress, prosperity and survival of the nation. He said that March 23, 1940 was the day when foundati

Published 23 Mar, 2019 12:00am

Chief minister directs LEAs to intensify drive against target killers

Sindh Chief Minister Syed Murad Ali Shah condemning the target killing incidents at Nipa Chowrangi and Nursery said that some unscrupulous elements were trying to destroy peace and tranquillity in the city but "We will destroy them and their nefarious des

Published 23 Mar, 2019 12:00am

Murad takes notices of rising incidents of killings in Karachi

Sindh Chief Minister Syed Murad Ali Shah has taken notice of the incidents of killings in Karachi and directed police to arrest the culprits at the earliest. It was stated by adviser to the Chief Minister on Information, Law and Anti-corruption, Barrister

Published 23 Mar, 2019 12:00am

Advisory for farmers

The Met Office has asked the farmers to make plans to protect standing crops and nurseries from cold weather impacts, saying the irrigation plans should be in place as dry weather is expected in the next 10 days.

Published 23 Mar, 2019 12:00am

DG I&P issued warning: Senate body recommends new Civil Defence Act

The Senate Standing Committee on Interior Friday expressed annoyance over the absence of Director General (DG) Immigration and Passport (I&P) and ordered him to ensure his presence in the next meeting; otherwise, the committee will take strict action agai

Published 23 Mar, 2019 12:00am

LEAs' raid on lawyer's house: IHC directs Islamabad IGP to submit report

Islamabad High Court Friday sought report from inspector general (IG) of Islamabad Police regarding raid of law enforcement agencies on the house of senior lawyer Tariq Asad on 7th February last.

Published 23 Mar, 2019 12:00am

Anti-polio drive to begin in KP on March 25

A three-day anti-polio campaign will begin in 25 districts of Khyber Pakhtunkhwa from March 25 (Monday), in which more than 5.5 million children to be immunized against polio.

Published 23 Mar, 2019 12:00am

US College Fair held on RMC's Clifton campus

Over 30 universities of United States (US) Friday guided the Pakistani students about new opportunities of higher education in the USA, new academic programmes, innovative research, scholarship and professional practices aboard.

Published 23 Mar, 2019 12:00am

World Water Day marked

World Water Day was celebrated at Governor House Lahore like other parts of the world where wife of Governor Punjab Perveen Sarwar, Provincial Minister Mian Aslam Iqbal, Provincial Minister Colonel Hashim Dogar (retd), Dr. Akhtar Malik, Country Head Water

Published 23 Mar, 2019 12:00am

Tax shortfall may reach Rs 1 trillion

Tax officials at the Regional Tax Office have apprehended that tax shortfall may reach to one trillion rupees by the end of current fiscal year. It will still be around Rs700 billion even if the government makes efforts to control the shortfall, they said

Published 23 Mar, 2019 12:00am

Children of FCCI members to attend summer camp at Oxford

Faisalabad Chamber of Commerce & Industry (FCCI) is not only concentrating on the problems confronted by its members but was also trying to facilitate their children. In this connection arrangements are being made to ensure maximum participation of our me

Published 23 Mar, 2019 12:00am

Pakistan Day: IGP orders strict security measures

Punjab Inspector General of Police (IGP) Amjad Javed Saleemi has ordered stringent security arrangements for Pakistan Day. In a statement issued on Friday, the IGP directed all the field cops to finalise strict security arrangements for national highways,

Published 23 Mar, 2019 12:00am

Seminar held at PUILL

Punjab University Institute of Languages and Linguistics has organized one-day seminar in collaboration with Russian Center for Science & Culture on Friday. Dean Faculty of Oriental Learning Prof Dr Saleem Mazhar, Incharge ILL Ashok Kumar Khatri, Adnrey G

Published 23 Mar, 2019 12:00am

Maryam announces to stand outside jail until access to Nawaz

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz on Friday said that Nawaz Sharif's kidney disease is at stage-III, but doctors are not allowed to see him. Announcing to stand outside Kot Lakhpat jail until doctors are granted access to treat her

Published 23 Mar, 2019 12:00am

World Bank team visits LCCI

Pakistan should be eying on top position in the international ranking of ease of doing business instead of thinking about jumping just a few notches. Lahore Chamber of Commerce and Industry (LCCI), President Almas Hyder expressed these views while talking

Published 23 Mar, 2019 12:00am

Jinnah's portraits exhibition inaugurated

State Bank of Pakistan (SBP) Governor Tariq Bajwa said on Friday it was a matter of pride for him to inaugurate the exhibition by master portrait maker and former principal National College of Arts Saeed Akhtar. He was talking to the media after the inaug

Published 23 Mar, 2019 12:00am

Lahore-Delhi bus service accord may be extended till 2024

Pakistan and India will extend Lahore-Delhi Bus Service for another five years i.e. up to February 15, 2024, soon after Pakistani cabinet approves Indian request, well informed source told Business Recorder. The federal cabinet which is schedule to

Published 23 Mar, 2019 12:00am

Former PAS and PSP officers hail government's 'rotation policy'

The retired officers of Pakistan Administrative Service (PAS) and Police Service of Pakistan (PSP) on Friday lauded the government's new Rotation Policy 2019, but stressed the need to ensure transparency in transfer and postings of officers belonging to t

Published 23 Mar, 2019 12:00am

Boy among six killed in IoK clashes

A 12-year-old boy was among six people killed in three separate gun battles between freedom fighters and security forces in Indian-occupied Kashmir, the police and army said Friday. Clashes have raged in the restive mountainous region since the deaths of

Published 23 Mar, 2019 12:00am

NPOs, intermediaries: SECP holds session on AML/CFT obligations

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Karachi Tax Bar Association (KTBA), conducted an awareness session on the anti-money laundering/ counter-terrorism financing (AML/CFT) obligations of non-profit organizat

Published 23 Mar, 2019 12:00am

PAC panel seeks draft proposals to make AGP independent entity

Recommending to the government to make Auditor General Pakistan (AGP) an independent institution, a subcommittee of Public Accounts Committee (PAC) Friday asked the AGP to bring draft proposals in this connection so that the panel can also recommend it to

Published 23 Mar, 2019 12:00am

Government has so far released over 55 percent funds under PSDP

The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 374 billion (55.41 per cent), including Rs 160.3 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted a

Published 23 Mar, 2019 12:00am

$1.5 million Swiss government grant for NDRMF, MoU signed

Secretary, Economic Affairs Division (EAD), Noor Ahmed, and Country Director, Asian Development Bank (ADB), Xiaohong Yang, signed a grant agreement for National Disaster Risk Management Fund (NDRMF), here on Friday.

Published 23 Mar, 2019 12:00am

Currency

Sterling rallies

Sterling rallied on Friday, helped by a weaker euro and after European Union leaders gave UK Prime Minister Theresa May a two-week reprieve to decide how Britain will leave the European Union.

Published 23 Mar, 2019 12:00am

Currency

Turkish lira tumbles

Turkey's lira plunged more than 4 percent against the US dollar on Friday, its biggest one-day fall since a currency crisis took hold in August, raising concerns that Turks are increasingly buying up foreign cash as relations deteriorate with the United S

Published 23 Mar, 2019 12:00am

Most currencies subdued; won leads declines

Most Asian currencies were subdued on Friday as investors locked in gains from the previous session after US Federal Reserve affirmed a dovish stance at its policy meeting this week. The South Korean won, which was on track to firm 0.6 percent this week,

Published 23 Mar, 2019 12:00am

Currency

Aussie, kiwi up

The Australian and New Zealand dollars were on track for a second consecutive week of gains against the greenback but their advances were limited by a rally in bonds that sent yields to multi-year lows. The Australian dollar was up 0.2 percent so far this

Published 23 Mar, 2019 12:00am

Currency

Dollar rebounds against majors in New York

The US dollar rebounded against a basket of currencies on Thursday, recouping all its losses from the previous session as Brexit-related worries hurt sterling and the euro, helping to take the focus off the surprisingly dovish Federal Reserve. The dollar

Published 23 Mar, 2019 12:00am

Currency

Early trade in New York: dollar falls against yen

The dollar slid against the safe-haven Japanese yen on Friday as dismal US manufacturing data fuelled worries about the wider economy, and bond yields signalled growing fears of a recession.

Published 23 Mar, 2019 12:00am

Currency

Euro slips in Europe

The euro tumbled more than half a percent on Friday to below $1.13 as a much weaker-than-expected German manufacturing survey and falling bond yields prompted traders to cut their positions. While hedge funds have steadily reduced their long euro position

Published 23 Mar, 2019 12:00am

Dollar eases in Asia

The dollar eased against a basket of currencies on Friday while sterling gained slightly on news that Prime Minister Theresa May had bought a bit more time to resolve when and how Britain exits from the European Union. Against a basket of six key rival cu

Published 23 Mar, 2019 12:00am

Parcel bomb in Ireland matches 'IRA' devices sent to UK

A parcel bomb discovered in Ireland appears to be identical to a series of devices mailed to addresses in Britain earlier this month claimed by a group calling itself the "IRA", police said Friday. The mail sorting office in the west coast city of Limeric

Published 23 Mar, 2019 12:00am

Rakhimov quits as head of crisis-hit amateur boxing association

Gafur Rakhimov stepped down as head of the AIBA, world amateur boxing's governing body, on Friday amid a spat with the International Olympic Committee that could see the sport kicked out of the 2020 Tokyo Games.

Published 23 Mar, 2019 12:00am

Australia beat Pakistan by eight wickets in first ODI

Aaron Finch fired a century as Australia beat Pakistan by eight wickets in the first one-day international in Sharjah on Friday. Captain Finch scored 116 to help Australia chase down a target of 281 in 49 overs. Shaun Marsh and Peter Handscomb were both n

Published 23 Mar, 2019 12:00am

BoK Women Squash: Rushna, Noor, Amna and Komal take berth in semis

Top seed Rushna Mehboob of ZTBL, Amnna Fayyaz of Sindh, Komal Khan of Pakistan Wapda, Noor Ul Ain Ejaz of SNGPL took berth into semi-finals of the ongoing National Bank of Khyber Women Squash Championship being played here at PAF Hashim Khan Squash Comple

Published 23 Mar, 2019 12:00am

HEC's Women Cricket Championship begins

Pakistan Cricket Board (PCB) is taking several steps for betterment of female players in the country, said senior general manager Women Cricket (PCB) Shahid Aslam. "We at the PCB are trying to make things better for the female players," he said, speaking

Published 23 Mar, 2019 12:00am

Sindh, Balochistan win Women, Men Throw Ball titles

Sindh and Balochistan clinched the National Women and Men titles in the National Throw Ball Women and Men Championship played here at University Campus Indoor Hall. Member Provincial Assembly Sonia Falak Naz was the chief guest on this occasion. Secretary

Published 23 Mar, 2019 12:00am

Osaka advances, Nishikori falls in Miami tennis openers

World number one Naomi Osaka of Japan opened her campaign at the WTA and ATP Miami Open on Friday by outlasting Yanina Wickmayer 6-0, 6-7 (3/7), 6-1. Since winning her second consecutive Grand Slam title in January at the Australian Open, Osaka has failed

Published 23 Mar, 2019 12:00am

FTSE sinks as Brexit relief spurs sterling, weak activity data weighs

London's FTSE 100 retreated from multi-month highs to endure its worst day so far this year as a surge in the pound weakened exporter stocks and poor manufacturing data from the euro zone and the United States pulled the index deeper into the red.

Published 23 Mar, 2019 12:00am

Southeast Asian stocks: Philippines gains on hopes of policy easing

Most Southeast Asian stock markets ended higher on Friday, with Philippines rising to a near six-week closing peak amid expectation of monetary policy easing after the central bank cut its 2019 inflation forecast.

Published 23 Mar, 2019 12:00am

Hong Kong stocks unchanged

Hong Kong stocks recouped losses to end largely unchanged on Friday, boosted by a late-session rally in index-heavyweight Tencent Holdings, as caution reigned ahead of a fresh round of Sino-US trade talks. The Hang Seng index rose 0.1 percent to 29,113.36

Published 23 Mar, 2019 12:00am

European shares deepen losses on slew of dismal PMIs

European stock markets deepened losses on Friday, closing near session lows, as fears of a slowdown in global growth after weak manufacturing data from across Europe were exacerbated by dismal data from the United States.

Published 23 Mar, 2019 12:00am

China stocks flat

China stocks ended almost flat on Friday ahead of a new round of Sino-US trade talks next week, but posted weekly gains of about 2.5 percent on expectations of more policy measures to spur growth in the world's second-largest economy.

Published 23 Mar, 2019 12:00am

Australian shares up; New Zealand at record high

Australian shares rose on Friday, led by financial and healthcare stocks as the market tracked a rally on Wall Street after strong US economic data eased worries about a slowing economy. The S&P/ASX 200 index climbed 0.45 percent or 28 points to close at

Published 23 Mar, 2019 12:00am

Treasury yield curve hits flattest since 2007

The spread between the three-month Treasury bill yield and the 10-year note yield shrank to its narrowest level since August 2007 on Thursday in the wake of the Federal Reserve's decision to cease tightening monetary policy as the American economy shows s

Published 23 Mar, 2019 12:00am

Treasury yield curve hits flattest since 2007

Published 23 Mar, 2019 12:00am

Indian shares plunge

Indian shares settled lower on Friday as investors booked profits, while losses in energy stocks also weighed. However, both indexes gained for the fifth consecutive week. The benchmark BSE index closed down 0.58 percent at 38,164.61. It ended the week wi

Published 23 Mar, 2019 12:00am

Wall Street rises as Apple, tech shares climb

An Apple-led tech rally pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. All three major US stock indexes ended the session in the black, with the Nasdaq show

Published 23 Mar, 2019 12:00am

Oil dips further from 2019 highs on demand worries

Oil fell about 2 percent on Friday, slipping further from 2019 highs as focus shifted to a lack of progress in US-China trade talks and as grim manufacturing data from Germany and the US reignited fears of a slowdown in the global economy and oil demand.

Published 23 Mar, 2019 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Kibor interbank offered rates

Kibor interbank offered rates on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Libor

LIBOR interbank offered rates

London Interbank Offered Rates (LIBOR) on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Currency

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 23 Mar, 2019 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Currency

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Currency

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 21, 2019).

Published 23 Mar, 2019 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 23 Mar, 2019 12:00am

Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 23 Mar, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 23 Mar, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 23 Mar, 2019 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 23 Mar, 2019 12:00am

Vegetable Oil

SUFI GROUP: Continuous era of success

Established in 1992, Hamza Vegetable Oil Refinery & Ghee Mills, with aspiration to achieve every goal. Its significant progress in the production of Sufi Banaspati along with Sufi Sunflower Cooking Oil, Sufi Soyabean Cooking Oil and later Sufi Canola Cook

Published 23 Mar, 2019 12:00am

Pakistan-Malaysia trade needs urgent attention

Contrary to popular perceptions, Pakistan's trade with the regional powerhouse Malaysia has never really hit the roofs. The highest share of Malaysia in Pakistan's exports and imports was achieved way back in FY12, when the Pakistan Malaysia Free trade Ag

Published 23 Mar, 2019 12:00am

Pakistan-Malaysia Business Review: Chairman Pak-Malaysia Business Council of FPCCI

Pak-Malaysia Business Council of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is playing a vital role in facilitating business with both the countries. Pakistan and Malaysia have strong business relationship since 1970 when Pakistan imp

Published 23 Mar, 2019 12:00am

Currency

H.E. Tun Dr. Mahathir bin Mohamad - the visionary and dynamic leader of Malaysia

Tun Dr. Mahathir bin Mohamad is the 7th Prime Minister of Malaysia since 10th May, 2018. He previously served over 22 years as Prime Minister from July, 1981 until his retirement in October, 2003, by which time he was the world's longest-serving elected l

Published 23 Mar, 2019 12:00am

Consequential amendments essential for lawmaking processes in Pakistan

Laws and legal systems are a vital part of a civilization. These laws are framed as per the needs and suitability of the citizens of a society. As the time moves forward, the needs of the people evolve as well. Laws must be transformed and amended gradual

Published 23 Mar, 2019 12:00am

Pakistan Navy playing role in Balochistan's development

Concepts of 'generational improvement' and social mobility essentially outline how successive generations should aim for better life than their predecessors with improved living standards and status, are heavily tied to access to good quality education. F

Published 23 Mar, 2019 12:00am

House Building Finance Company Limited

Housing is a basic human need and all countries make efforts to provide decent accommodations at all levels of societal strata. Unfortunately, in Pakistan, housing is still a dream for a very vast majority of population. Mortgage financing is still at the

Published 23 Mar, 2019 12:00am

The 1940 Resolution: A landmark in history

The establishment of Pakistan as an independent and sovereign state in August 1947 is such a fascinating development that the historians and political scientists from Pakistan, India, the UK and the US continue to explore this. They have come up with diff

Published 23 Mar, 2019 12:00am

Jinnah's guidelines and Pakistan's performance

Jinnah's guidelines for Pakistan were succinctly summed up in just one sentence on the eve of the launching of the Pakistan demand at Lahore on March 23, 1940.

Published 23 Mar, 2019 12:00am

Cotton

Cotton futures ease on profit-taking after weather-driven rally

ICE cotton futures slipped on Friday as investors booked profits from the previous session's rally to three-month highs, which helped prices mark their fifth straight weekly gain.

Published 23 Mar, 2019 12:00am

Copper has worst week since December as dollar firms

Copper prices fell on Friday as weak European and US factory data spread gloom about the global economic outlook and strengthened the dollar. Benchmark copper on the London Metal Exchange (LME) closed 1.7 percent lower at $6,312 a tonne, slipping from an

Published 23 Mar, 2019 12:00am

Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,782. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.147 billion and the number of lots traded 12,659. Major business was contributed by NSDQ100 am

Published 23 Mar, 2019 12:00am

CBOT corn futures jump as US flooding concerns

Chicago Board of Trade (CBOT) corn futures rose on Thursday as US Midwest flooding fueled concerns about stalled spring planting, prompting short-covering by commodity funds, traders said. CBOT May corn settled up 4-3/4 cents at $3.76-1/4 per bushel. The

Published 23 Mar, 2019 12:00am

Asia's gasoline crack falls from six-month high

Asia's gasoline crack slipped from a near six-month high on Thursday but steady spot demand and supply cuts due to refinery turnarounds in key producing regions of Asia continued to support market sentiment, trade sources said. Asia's gasoline crack slipp

Published 23 Mar, 2019 12:00am

EU wheat little changed in light trading

Western European wheat prices were little changed on Thursday in light trading as the market sought fresh impetus after an export-fuelled rebound in the past week. A steadier tone to Chicago wheat encouraged the European market to consolidate. Benchmark M

Published 23 Mar, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	7.04 ▲ 0.96 (15.79%)
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
Nimir Resins / Apr 17 Nimir Resins Limited(NRSL)	42.45 ▲ 3.86 (10%)
Frontier Ceram / Apr 17 Frontier Ceramics Limited(FRCL)	27.49 ▲ 2.5 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.05 ▼ -0.33 (-23.91%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.49 ▼ -0.45 (-11.42%)
Fateh Ind. / Apr 17 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.80 ▼ -1.6 (-9.76%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.25 ▼ -1.35 (-9.25%)
Aisha Steel(ConPS) / Apr 17 Aisha Steel(ConPS)(ASLPS)	15.12 ▼ -1.5 (-9.03%)
Mughal Energy / Apr 17 Mughal Energy Limited(GEM)(GEMMEL)	20.05 ▼ -1.97 (-8.95%)
Pak Leather / Apr 17 Pak Leather Crafts Limited(PAKL)	27.28 ▼ -2.66 (-8.88%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.97 ▼ -4.25 (-7.84%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,764,541 ▲ 4.74
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,171,574 ▲ 0.18
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,820,069 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,830,477 ▲ 1.12
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,603,549 ▲ 4.71
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,798,216 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,550,445 ▲ 0.23
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,524 ▲ 1.38
United BankXD / Apr 17 United Bank Limited(UBL)	10,963,196 ▲ 16.32
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,940,030 ▲ 0.12

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