News Archives for Print - 2019-04-16

Print - 2019-04-16

Pakistan, Jordan agree on improving military-to-military ties

Pakistan and Jordan have agreed to improve military to military ties and the main domain would be training and counterterrorism.

Published 16 Apr, 2019 12:00am

Chinese company shows interest in PM's low cost housing project

Chairman of China Silk Road Group Ltd. Yan Lijin, called on Prime Minister Imran Khan at PM Office along with his delegation. The China Silk Road Group Ltd evinces keen interest in PM's low cost housing project.

Published 16 Apr, 2019 12:00am

Syed Dilawar Abbas assumes charge as SNGPL board chairman

The newly-appointed Chairman, Board of Directors of SNGPL, Syed Dilawar Abbas has assumed his charge. He was recently appointed by the Government of Pakistan to Chair Board of Directors of the Country's largest Gas Utility Company. On the occasion, Dilawa

Published 16 Apr, 2019 12:00am

Four die as van plunges into deep ravine

At least four people were killed and eight others injured when a pick-up van carrying passengers from Buner to Shangla went out of driver's control and fell into a ravine in Buner on Monday.

Published 16 Apr, 2019 12:00am

Efforts being made for smooth supply of electricity: minister

Minister for Power Omer Ayub Khan said on Monday that efforts are being made to improve "neglected" transmission system for smooth supply of electricity in summer.

Published 16 Apr, 2019 12:00am

Khushhali Microfinance Bank goes live with CBS & FCM

Khushhali Microfinance Bank Limited, the largest microfinance bank in Pakistan, announced that they have gone live with the world's leading Core Banking System (CBS) along with Financial Crime Mitigation (FCM) and Analytics offered by Temenos (the softwar

Published 16 Apr, 2019 12:00am

Seminar on 'water productivity project' held

Pakistan's rice sector is lagging behind not only in productivity but also facing high cost of production as compared to other rice-producing countries, said Shahid Tarer, Director Galaxy Rice (Pvt) Ltd.

Published 16 Apr, 2019 12:00am

UKPCCI delegation shows interest in all PITB interventions

A delegation of UK Pakistan Chambers of Commerce and Industry Commercial Council and HTL (UKPCCI) led by Senior Vice President UKPCCI Syed Asad Hussain expressed keen interest in all IT interventions of the Punjab Information Technology Board (PITB) and i

Published 16 Apr, 2019 12:00am

Partly Facetious : 'Fatigue is the best pillow'

"I would just like to remind the cabinet that belabouring a point on the media leads to fatigue."

Published 16 Apr, 2019 12:00am

Minister meets Chinese envoy

Punjab Minister for Industries and Trade Mian Aslam Iqbal on Monday met the Chinese Ambassador Yao Jing and discussed various matters of mutual interest.

Published 16 Apr, 2019 12:00am

Exports monitoring: Call to set up special export desk at PM secretariat

A special export desk should be created in prime minister's secretariat for effective monitoring of exports in addition to redressing day to day issues confronted by this foreign-exchange earning and labor intensive sector of the country.

Published 16 Apr, 2019 12:00am

30 Ramazan bazaars to be set up across Lahore

To facilitate the masses during the holy month of Ramazan, the District Administration Lahore will set up 30 Ramazan bazaars in various parts of the provincial capital.

Published 16 Apr, 2019 12:00am

Elahi meets Buzdar, assures all out support to PM

Acting Governor Punjab Chaudhry Parvez Elahi in a meeting with Chief Minister Sardar Usman Buzdar, here Monday, assured all out support to the PTI-led federal and Punjab governments.

Published 16 Apr, 2019 12:00am

Nawaz at risk of another stroke, says Maryam

Former Prime Minister Nawaz Sharif has been "at the risk of another stroke," his daughter Maryam Nawaz, said on Monday. Maryam took to Twitter and said that a team of health specialists of Aga Khan University Hospital examined the former premier. She adde

Published 16 Apr, 2019 12:00am

Backward districts: Punjab government to spend 41 percent of ADP for basic facilities

Political Assistant to Chief Minister Punjab for Auqaf Syed Rafaqat Ali Gillani said that 41 per cent of the next ADP (Annual Development Plan) would be spent on provision of basic facilities of life in the backwards districts of Punjab.

Published 16 Apr, 2019 12:00am

'Bureaucracy should be loyal to the state, not party'

Punjab Chief Minister Sardar Usman Buzdar Monday said the bureaucracy should be loyal to the state than to any party; those who perform would stay on their posts and those who would not deliver will not be part of my team.

Published 16 Apr, 2019 12:00am

Surge in gas prices inevitable: OGRA

Chairperson Oil and Gas Regulatory Authority (OGRA), Uzma Adil Khan said on Monday that surge in gas prices is inevitable. Talking to media after the public hearing of OGRA in Lahore Uzma Adil said that prices of gas would likely be increase by 75-80 perc

Published 16 Apr, 2019 12:00am

Kasur Safe City Project: PSCA connects CCTV cameras with IC3 Lahore

Punjab Safe Cities Authority (PSCA) has successfully connected CCTV cameras of Kasur Safe City Project with the Integrated Command, Control and Communication Center (IC3) Lahore through optical fiber cable to ensure round the clock monitoring and security

Published 16 Apr, 2019 12:00am

PCJCCI team to represent Pakistan at China's trade fair

The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) delegation will represent Pakistan at China's largest trade fair known as the 125th Canton Fair (phase 1) to be opened today in southern Guangdong Province of China.

Published 16 Apr, 2019 12:00am

Sindh Assembly adopts two resolutions amid opposition's protest

Sindh Chief Minister Syed Murad Ali Shah on Monday told the provincial legislature of around $700 million investment in Thar coal project, adding that construction of its second phase has also begun.

Published 16 Apr, 2019 12:00am

Minister lauds launch of Vision 2030 at Graana Expo

The Minister of State for Interior Shehryar Khan Afridi has appreciated the launch of Vision 2030 at Graana Expo 2019 held from April 13-14 at the Pak-China Friendship Centre here in federal capital. According to the details of the event released here on

Published 16 Apr, 2019 12:00am

Gusting wind: KPT pilots, tugs avert disaster

The gusting wind of 45-50 knots was confronted by the ships berthed at KPT. Impact of sudden high speed winds was so severe that berthing hawsers of various ships secured at Fixed Mooring and South Wharf got parted, says Karachi Port Trust in a statement.

Published 16 Apr, 2019 12:00am

Governor calls for efforts to limit climate change impacts

Fighting climate change is the most important war that we need to fight right now. This was stated by Imran Ismail, Governor Sindh while speaking as the chief guest at the Climate Change, Summer & Monsoon Safety Awareness Seminar organized in Karachi, in

Published 16 Apr, 2019 12:00am

EBM & m/SIX Pakistan win International SLIM Digi Awards 2018

Pakistan's largest biscuit manufacturer and food company, English Biscuit Manufacturers (Pvt) Ltd, (EBM) and GroupM Pakistan's fastest growing media agency m/SIX, have represented the country on numerous international forums. Their most recent achievement

Published 16 Apr, 2019 12:00am

Mutual Funds

Pakistan Tobacco Company Limited

The Pakistan Tobacco Company (PSX: PAKT) is the leading cigarette maker in Pakistan. It is an affiliate of the British American Tobacco Company and a successor to the Imperial Tobacco Company of British India, which had been operating in South Asia since

Published 16 Apr, 2019 12:00am

Mutual Funds

Pakistan Tobacco Company Limited

Updated 16 Apr, 2019 07:20am

Plan for setting up mobile phone making plants devised

The government has devised a plan for setting up mobile phone manufacturing plants in Pakistan as some companies, including Huawei, have been offered to establish plants to promote local manufacturing, besides creating job opportunities. While addressing

Published 16 Apr, 2019 12:00am

Digital skills top priority of government: minister

Federal Minister for Education and Professional Training Shafqat Mahmood Monday said that digital skills are on the priority of the government as they enable learning on a larger and more effective scale. "We will be able to bridge the digital literacy di

Published 16 Apr, 2019 12:00am

Scores of LHWs stage protest in Peshawar

A large number of Lady Health Workers and Lady Health Visitors on Monday staged sit-in outside the provincial assembly building and blocked busy Khyber Road for all kind of vehicular traffic in Peshawar to press their demands. In Peshawar, all routes, lea

Published 16 Apr, 2019 12:00am

CDWP approves Rs 552.7 million project, recommends three projects worth Rs 209.5 billion

The Central Development Working Party (CDWP) Monday approved one project, worth Rs 552.708 million, and recommended as many as three projects valuing Rs 209.5 billion to Executive Committee of National Economic Council (ECNEC) for final approval. The CDWP

Published 16 Apr, 2019 12:00am

'Eighteen' showcases it's premium product at Graana Expo Islamabad 2019

Eighteen -A world class lifestyle destination, has redefined the standards of luxury living in Pakistan. A gateway to a better life, Eighteen has garnered a noticeable presence in the country in just over a year. True to its ritual, the luxury residence p

Published 16 Apr, 2019 12:00am

London leads global climate protests

Climate change protesters brought a bridge in London to a standstill and choked off central streets at the start of a civil disobedience campaign that also saw action in other parts of Europe.

Published 16 Apr, 2019 12:00am

US does not want 'precipitous' withdrawal from Afghanistan, says senator

The United States does not want to pursue a "precipitous" withdrawal from Afghanistan, a top Democratic lawmaker said in Kabul on Monday amid an ongoing push to end the war.

Published 16 Apr, 2019 12:00am

US slaps sanctions on alleged new IS financiers

The United States on Monday imposed sanctions on financiers with bases in Belgium, Kenya and Turkey on charges they funneled money internationally for the Islamic State extremist group.

Published 16 Apr, 2019 12:00am

Global measles cases up 300 percent year-on-year: WHO

Measles cases rose 300 percent worldwide through the first three months of 2019 compared to the same period last year, the UN said Monday, as concern grows over the impact of anti-vaccination stigma.

Published 16 Apr, 2019 12:00am

China blasts Pompeo 'lies' on Venezuela

China on Monday lashed out at US Secretary of State Mike Pompeo for accusing Beijing of prolonging the crisis in Venezuela, slamming his remarks as "lies".

Published 16 Apr, 2019 12:00am

UniCredit in $1.3 billion US settlement on sanctions violations

UniCredit agreed to pay $1.3 billion to settle US allegations it processed payments that violated sanctions on Iran and other countries, the US Treasury Department announced Monday.

Published 16 Apr, 2019 12:00am

Chinese pharmaceutical plant accident kills 10

Ten people suffocated to death by smoke inhalation at a large Chinese pharmaceutical firm on Monday, state media reported, the lastest in a spate of deadly industrial incidents across the country.

Published 16 Apr, 2019 12:00am

Fire ravages Notre-Dame cathedral in Paris, spire collapses

A colossal fire swept through the famed Notre-Dame Cathedral in central Paris on Monday, causing a spire to collapse and raising fears over the future of the nearly millennium old building and its precious artworks.

Published 16 Apr, 2019 12:00am

Nuclear fuel removed from crippled Japan plant

The operator of Japan's crippled Fukushima power plant on Monday began removing atomic fuel from inside a building housing one of the reactors that melted down in 2011.

Published 16 Apr, 2019 12:00am

Palestinians call off Israeli prison hunger strike

Palestinian inmates in Israeli jails called off a week-long hunger strike on Monday saying key demands had been met, according to prisoner representatives and official media.

Published 16 Apr, 2019 12:00am

Classified note confirms French weaponry in Yemen

French weapons are being used by the United Arab Emirates and Saudi Arabia in Yemen, according to a classified military note revealed on Monday which contradicts public statements from France's government.

Published 16 Apr, 2019 12:00am

Yemen parties agree details of pullback plan: UN envoy

Yemen's government and Huthi rebels have accepted a detailed plan for a much-delayed pullback from the flashpoint city of Hodeida, the UN envoy said Monday, but no timetable was announced for the withdrawals.

Published 16 Apr, 2019 12:00am

Currency

France sees blockchain as anti-monopoly weapon in digital world

France is pushing blockchain technology as a means of preventing finance giants enjoying a monopoly on transactions, Finance Minister Bruno Le Maire said Monday.

Published 16 Apr, 2019 12:00am

Sterling rises above $1.31

The British pound climbed above $1.31 on Monday, although trading was quiet without any significant Brexit-related developments. Volatility in the pound has collapsed since European Union leaders and the British government last week announced Brexit would

Published 16 Apr, 2019 12:00am

Currency

Aussie, kiwi up

The Australian dollar hovered near its highest in almost seven weeks while the New Zealand dollar also held firm, helped by US Treasury Secretary Steven Mnuchin voicing optimism for a trade deal with China to end a tariff war.

Published 16 Apr, 2019 12:00am

Asian currencies benefit from China data relief

Most Asian currencies stepped up against the dollar on Monday as investors took comfort in further signs of stabilisation in the Chinese economy and an upbeat start to US earnings. Chinese data on Friday showed exports rebounded sharply and new bank loans

Published 16 Apr, 2019 12:00am

South African rand weakens

South Africa's rand and stocks were slightly weaker at the start of a shortened week on Monday tracking a downbeat tone in major overseas markets while some investors stayed on the sidelines ahead of next month's elections. At 1656 GMT the rand was 0.36 p

Published 16 Apr, 2019 12:00am

Currency

Reform package insufficient to restore confidence in lira: S&P Global

Turkey's reform package laid out last week won't be enough to restore Turkish households' and foreign investors' confidence in the lira, one of S&P Global's top sovereign analysts said on Monday.

Published 16 Apr, 2019 12:00am

Currency

Yen drops towards 2019 low in Europe

The yen fell towards a 2019 low on Monday and the Swiss franc reached its weakest in nearly a month as a rally in global markets cut into demand for currencies considered safe havens. Market volatility has eased to multi-year lows in recent weeks and move

Published 16 Apr, 2019 12:00am

Early trade in New York: Dollar dips against euro

The dollar was modestly weaker against the euro on Monday as investors focused on European manufacturing data due on Thursday for signs that growth in the region is improving.

Published 16 Apr, 2019 12:00am

Currency

Yen near year's low in Asia

The yen hovered near its lowest level this year on Monday as more signs of stabilisation in the Chinese economy and an upbeat start to the US earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere. The dolla

Published 16 Apr, 2019 12:00am

Forint rebounds, Hungary's 10-year yield climbs

The forint gained on Monday, benefiting from increased appetite for risky assets, while a rise in inflation in Central Europe boosted Hungary's 10-year government bond yield to a 4-month high.

Published 16 Apr, 2019 12:00am

Forint rebounds, Hungary's 10-year yield climbs

The forint gained on Monday, benefiting from increased appetite for risky assets, while a rise in inflation in Central Europe boosted Hungary's 10-year government bond yield to a 4-month high.

Published 16 Apr, 2019 12:00am

MILO Futsal League 2019 held

With a view to raising awareness about the importance of sports and highlighting the talent of young players on the grassroots level, MILO Futsal League event for 2019 was held here at the Beaconhouse Newlands campus.

Published 16 Apr, 2019 12:00am

Descon win Mukhtar Memorial Cricket Tournament

The final of Professor Mukhtar Ahmed Memorial Cricket Tournament played at Lahore Gymkhana Cricket Ground while PCB Elite Panel umpires and referee's conducting the matches.

Published 16 Apr, 2019 12:00am

CM felicitates wrestlers Rehman, Usman

Punjab Chief Minister Sardar Usman Buzdar has congratulated wrestlers Rehman Raza and Usman Aqeel on winning gold and Asim Qayyum on winning the bronze medal in mass-wrestling championship held in Brazil.

Published 16 Apr, 2019 12:00am

NBP unveils ICC World Cup Trophy 2019

National Bank of Pakistan (NBP) set another precedent of becoming the first bank in the world to unveil the International Cricket Championship (ICC) World Cup Trophy-2019 at its Head Office. Speaking at the ceremony NBP President Arif Usmani emphasized th

Published 16 Apr, 2019 12:00am

Smith, Warner recalled for Australia's World Cup defence

Steve Smith and David Warner completed their remarkable comeback from the ball-tampering scandal that rocked cricket when they were on Monday selected in defending champion Australia's World Cup squad. But there was no room for Josh Hazlewood or Peter Han

Published 16 Apr, 2019 12:00am

India go for 'big match' experience in WC picks

India on Monday named a tried and tested squad for the World Cup led by Virat Kohli with selectors going for experience in all the slots for the marquee 50-over event. Dinesh Karthik, 33, was given the second wicketkeeper's slot over rising 21-year-old st

Published 16 Apr, 2019 12:00am

74 city champion teams to vie for Socca WC berth

Leisure Leagues Pakistan (LLP) has achieved another great milestone as it has hosted its leagues in 74 cities and the process of finding a national champion, which will represent Pakistan in Six-a-Side Socca World Cup, has already started.

Published 16 Apr, 2019 12:00am

PBG win Bhandara Memorial Murree Brewery Polo Cup

Chief Executive Murree Brewery Company Isphanyar Bhandara says that sports help in developing the mental and physical abilities of the youth. This builds their character along with improving patience and courage in their personalities, because self-confid

Published 16 Apr, 2019 12:00am

EU adopts copyright reforms

European Union countries on Monday adopted copyright reforms championed by news publishers and the media business, but opposed by US tech giants and internet freedom activists who worry it could chill the sharing of information.

Published 16 Apr, 2019 12:00am

'First' 3D print of heart with human tissue, vessels unveiled

Scientists in Israel unveiled a 3D print of a heart with human tissue and vessels on Monday, calling it a first and a "major medical breakthrough" that advances possibilities for transplants. While it remains a far way off, scientists hope one day to be a

Published 16 Apr, 2019 12:00am

Toyota sells electric vehicle technology to Chinese startup Singulato

Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV.

Published 16 Apr, 2019 12:00am

Currency

Turkish unemployment jumps to highest in nearly a decade

Turkey's unemployment rate surged to 14.7 percent in the December-February period, its highest level in nearly a decade according to official data on Monday, as the effects of last year's currency crisis continued to weigh on workers.

Published 16 Apr, 2019 12:00am

Currency

Argentina kicks off $9.6 billion sale program

Argentina sold $30 million in the foreign exchange market on Monday at an average price of 41.55 pesos per greenback, traders said, marking the start of an IMF-approved peso-buying program aimed at bolstering government finances.

Published 16 Apr, 2019 12:00am

Rusal invests in US aluminium mill after sanctions lifted

Russian aluminium giant Rusal on Monday announced plans for its first investment in the United States since sanctions against the company were lifted.

Published 16 Apr, 2019 12:00am

Malaysia revived China-backed railway to avoid $5 billion penalty: PM

Malaysia would have faced a $5-billion penalty if a China-backed rail project was axed, the prime minister said Monday, after a deal was reached to revive the controversial scheme. Last week Malaysia and China agreed to push ahead with the railway at a 30

Published 16 Apr, 2019 12:00am

Goldman Sachs reports lower profits

Goldman Sachs reported lower first-quarter earnings Monday on weakness in its traditional trading business as it emphasizes newer consumer-oriented ventures, including a credit card that will be launched with Apple.

Published 16 Apr, 2019 12:00am

German prosecutors charge ex-VW boss with fraud

German prosecutors said Monday they had charged former Volkswagen chief executive Martin Winterkorn and four other managers over "dieselgate", bringing the cheating scandal back into the headlines just as VW battles to move on from the affair.

Published 16 Apr, 2019 12:00am

FTSE 100 subdued; miners, oil stocks biggest drags

Britain's FTSE 100 was at a loss for direction on Monday as a dip in miners and oil majors offset gains in bank stocks, while office group IWG pushed midcaps higher after announcing an asset sale. The blue-chip index ended a lacklustre session about flat,

Published 16 Apr, 2019 12:00am

Miners weigh on Aussie shares; New Zealand gains

Australian shares ended flat in thin trade on Monday as investors took profits after recent gains in mining shares and awaited production data from a number of resource majors later in the week. The S&P/ASX 200 index closed largely unchanged at 6,251.40.

Published 16 Apr, 2019 12:00am

Hong Kong shares down

Hong Kong stocks ended lower on Monday, as signs of slowing China and global economic growth offset optimism related to the Sino-US trade talks and a jump in bank lending in China.

Published 16 Apr, 2019 12:00am

European shares up on trade optimism; US bank earnings weigh

European shares ended higher on Monday with telecom and retail stocks leading gains as Sino-US trade optimism and strong Chinese economic data eased some worries over global growth - though lacklustre earnings from big US banks weighed. The pan-European S

Published 16 Apr, 2019 12:00am

Greek bond yields near record lows

Greek government bond yields were closing in on record lows on Monday after an official said a deal to repay International Monetary Fund loans is imminent, which would mark another step forward from the Athens debt crisis. Greece will this week seek the c

Published 16 Apr, 2019 12:00am

Greek bond yields near record lows

Published 16 Apr, 2019 12:00am

Indian shares up

Indian shares closed higher on Monday, buoyed by gains in IT major Tata Consultancy Services Ltd, which reported a record profit for the final quarter of the year on Friday and heralded the start of corporate earnings season. The benchmark BSE index close

Published 16 Apr, 2019 12:00am

Southeast Asian stocks: Manila hits over one-month; Indonesia gains

Philippine stocks closed at their lowest level in more than a month on Monday, as investors locked in profits ahead of the four-day weekend, while Indonesian stocks moved higher buoyed by a surprise trade surplus in March. The Philippine benchmark fell 1.

Published 16 Apr, 2019 12:00am

Monday's late afternoon trade: Financials drag on Wall Street as bank results underwhelm

Wall Street edged lower on Monday, weighed down by financials as lacklustre bank earnings put a damper on investor enthusiasm. But while all three major US stock indexes were down, the S&P 500 remained within a percent of its all-time high. Following a fi

Published 16 Apr, 2019 12:00am

China stocks edge lower on growth risk warnings

Chinese equities ended lower on Monday due to worries about slowing local and global economic growth, shedding earlier gains on the back of stronger bank lending and optimism in US-China trade talks. At close, the Shanghai Composite index was down 0.3 per

Published 16 Apr, 2019 12:00am

Nikkei jumps over 1.3 percent

Tokyo's benchmark Nikkei index jumped more than 1.3 percent on Monday, taking heart from rallies in New York and a cheaper yen against the dollar. The Nikkei 225 index added 1.37 percent, or 298.55 points, to close at 22,169.11, rising for the third strai

Published 16 Apr, 2019 12:00am

Abu Dhabi index hits near 5-year high, petchems lift Saudi bourse

Abu Dhabi's stock market rose to a near five-year high on Monday, lifted by First Abu Dhabi Bank, while petrochemical stocks led gains on Saudi Arabia's main index. The Abu Dhabi index was up 0.9 percent after hitting its highest since May 2014. First Abu

Published 16 Apr, 2019 12:00am

Currency

Argentina soya forecasts jump higher

Argentina will harvest 55 million tonnes of soya this season, the Buenos Aires Grains Exchange said on Thursday, citing high yields as it raised its previous forecast a day after the Rosario exchange also increased its estimate for the crop. Mild weather

Published 16 Apr, 2019 12:00am

Egypt buys 240,000 tonnes of wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) bought 240,000 tonnes of wheat in an international tender on Friday to be sourced from Romania and Ukraine, GASC said. The purchase involves 180,000 tonnes from Romania and 60,

Published 16 Apr, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 225,763 tonnes of cargo comprising 129,111 tonnes of import cargo and 96,652 tonnes of export cargo including 4,500 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 12

Published 16 Apr, 2019 12:00am

Currency

Brazil's April soyabean exports seen at four-year low

Brazilian soyabean exports are expected to end April at the lowest level for that month in four years, based on government figures for the first few days of the month, ship lineup data going forward and industry source estimates. According to Williams' sh

Published 16 Apr, 2019 12:00am

European gasoline cracks edge lower

Northwest European gasoline refining cracks edged lower on Friday but were underpinned by a labour strike at Europe's biggest refinery and strong US demand. Strikes have curbed production at Shell's 400,000 barrel per day (bpd) Dutch oil refinery in Perni

Published 16 Apr, 2019 12:00am

Brazilian sugar mills crush 9.6pc less cane as season starts

Brazilian sugar mills in the center-south region, the world's leading cane-producing area, crushed 9.6 percent less cane in the second half of March compared to the same period a year earlier, cane industry group Unica said on Tuesday. The new cane season

Published 16 Apr, 2019 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,851. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.994 billion and the number of lots traded 5,622. Major business was contributed by NSDQ100 amount

Published 16 Apr, 2019 12:00am

CBOT wheat futures higher

Chicago Board of Trade wheat futures closed higher on Friday, with the spot May contract climbing to a session high toward the close on technical buying including short-covering, traders said. CBOT May soft red winter wheat settled up 4 cents at $4.64-1/2

Published 16 Apr, 2019 12:00am

CBOT corn futures higher

Chicago Board of Trade (CBOT) corn futures ended higher on Friday, settling near the day's top on a late round of technical buying including short-covering, along with worries about poor weather slowing plantings in portions of the Midwest, traders said.

Published 16 Apr, 2019 12:00am

South Korea buys corn from US

South Korean grains importer Korea Corn Processing Industry Association (KOCOPIA) purchased about 60,000 tonnes of food-quality corn expected to be sourced from the United States, in a deal on Wednesday, European traders said. It was bought at $212.20 a t

Published 16 Apr, 2019 12:00am

Cotton

Ginners refrain from new deals on cotton market

Ginners did not take interest in new deals on the cotton market on Monday on short supply position, dealers said. The official spot rate was unchanged at Rs 8,800, they added. In the ready session, not a single deal finalised as buyers were showing hesita

Published 16 Apr, 2019 12:00am

Currency

India's rice prices fall due to sluggish demand

Rice export prices in top exporter India edged lower this week due to sluggish demand, while fears of a drought this year supported up domestic buying in Thailand. India's 5 percent broken parboiled variety was quoted around $387-$390 per tonne this week,

Published 16 Apr, 2019 12:00am

China's iron ore climbs, posts 3rd weekly gain

Iron ore futures in China ended higher on Friday and posted their third consecutive weekly gain, as spot prices hovered near five-year highs amid increased demand from Chinese steelmakers and declining supplies from producers overseas. China's iron ore im

Published 16 Apr, 2019 12:00am

Vietnamese coffee prices fall after ICO raises forecast

Domestic coffee prices in Vietnam fell this week after the International Coffee Organisation raised global surplus forecast, while Indonesian premium expanded further.

Published 16 Apr, 2019 12:00am

Currency

India's gold buyers stock up for weddings; China's demand steady

Physical gold demand in India was robust this week as retail buyers and jewellers took advantage of a dip in domestic prices to stock up for the wedding season, while gains in the domestic currency kept premiums elevated in China amid steady demand.

Published 16 Apr, 2019 12:00am

CBOT soyabean futures flat in dull trade

Chicago Board of Trade soyabean futures closed flat on Friday as traders awaited fresh direction including any signs of progress in US trade talks with China, the world's biggest soya buyer. CBOT May soyabeans settled unchanged at $8.95-14 per bushel and

Published 16 Apr, 2019 12:00am

Asia's gasoline margin hits eight-month high

Asia's gasoline margin hit $9.35 a barrel on Friday, the highest since Aug. 16, 2018 while naphtha crack rose for the third day to $50.38 a tonne, the highest since April 1 this year. Taiwan's Formosa Petrochemical Corp is seeking open-specification napht

Published 16 Apr, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

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