News Archives for Print - 2019-04-17

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 17 Apr, 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 17 Apr, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 17 Apr, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 17 Apr, 2019 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Apr, 2019 12:00am

First Red Cross humanitarian aid arrives in Venezuela

The first shipment of Red Cross humanitarian aid arrived in crisis-wracked Venezuela on Tuesday following approval from President Nicolas Maduro's government, the organization confirmed. "It is with great joy and responsibility that we would like to revea

Published 17 Apr, 2019 12:00am

China probes Sweden's Ericsson over licensing

Swedish telecom giant Ericsson said Tuesday that China's market regulator was investigating the company over licensing issues as countries around the world prepare to roll out the next generation of mobile networks. China's State Administration of Market

Published 17 Apr, 2019 12:00am

Amid intense drought, deadly rains lash Afghanistan

Torrential rainstorms have lashed drought-stricken Afghanistan in recent days, bringing widespread flooding that has killed at least five people and washed away homes including in the capital Kabul, officials said Tuesday.

Published 17 Apr, 2019 12:00am

EU leaders switch focus to Europe's future with Brexit delay

European Commission chief Jean-Claude Juncker said Tuesday the European Union can focus unhindered on building its own future now that Britain has a longer delay to work out its troubled exit. Speaking to the European Parliament, Juncker also insisted Bri

Published 17 Apr, 2019 12:00am

EU lawmakers okay minimum rights for gig economy workers

The European Parliament on Tuesday approved a law setting minimum rights for workers in the "gig economy", a move that may benefit Uber drivers, Deliveroo and Just Eat food couriers and others. Gig workers are usually treated as independent contractors wi

Published 17 Apr, 2019 12:00am

Firestone unveils Liberian job cuts

Firestone, the biggest private employer in Liberia, on Tuesday announced 200 job cuts among its 6,200 employees, with hundreds more redundancies to follow in the West African nation owing to falling rubber prices.

Published 17 Apr, 2019 12:00am

Apple, Qualcomm agree to bury the hatchet in legal battle

iPhone maker Apple and American microchip manufacturer Qualcomm said Tuesday they have agreed to "dismiss all litigation" against each other in a sprawling battle over royalty payments.

Published 17 Apr, 2019 12:00am

Six die after plane hits house in Chile

Six people died on Tuesday after a light aircraft crashed into a house in southern Chile, authorities said. The plane plummeted after getting entangled in power lines shortly after take-off from La Paloma airport in Puerto Montt, a port city 1,000 kilomet

Published 17 Apr, 2019 12:00am

Mogherini urges EU to redeploy warships in Mediterranean

EU diplomatic chief Federica Mogherini on Tuesday urged European countries to change course and send warships back to the Mediterranean to tackle migrant trafficking and the arms and oil smuggling fuelling Libya's conflict.

Published 17 Apr, 2019 12:00am

Turkish industrial output drops 5.1 percent

Turkish industrial production tumbled 5.1 percent year-on-year in February, official data showed on Tuesday, marking a sixth month of declines but with a month-on-month rise in output offering the first indication of economic turnaround.

Published 17 Apr, 2019 12:00am

US says Sudan new regime can exit terror list if progress

The United States is willing to remove Sudan from its blacklist of state sponsors of terrorism if its new military leaders take tangible steps, a US official said Tuesday. Sudanese officials have for years sought to get off the list, engaging in inconclus

Published 17 Apr, 2019 12:00am

Fear of army action as Sudan protesters toughen stand

Sudanese protesters Tuesday hardened their demand that the military men in power quickly step down and make way for civilian rule, refusing to budge from their sit-in outside army headquarters.

Published 17 Apr, 2019 12:00am

Banks lead Saudi index higher, Egyptian shares see sell-off

Saudi Arabia's stock market rose on Tuesday as most of its banks gained, while a wide sell-off pulled down Egypt's blue-chip share index. Saudi Arabia's index was up 0.6 percent with Saudi Arabian Mining adding 3.8 percent and Alinma Bank gaining 3 percen

Published 17 Apr, 2019 12:00am

Nikkei rises for fourth straight session

Tokyo's benchmark Nikkei index rose for a fourth consecutive session on Tuesday as gains in blue-chip shares helped erase early losses. The Nikkei 225 index, which jumped 1.37 percent the previous day, added 0.24 percent, or 52.55 points, to close at 22,2

Published 17 Apr, 2019 12:00am

Tuesday's late afternoon trade: Stocks higher on generally upbeat earnings

Financial and tech firms gave Wall Street a modest lift on Tuesday following a string of generally positive earnings, with the S&P 500 inching closer to a new all-time high. All three major US stock indexes were up slightly, with the S&P 500 still less th

Published 17 Apr, 2019 12:00am

Wall Street slips as bank earnings disappoint

Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm. But while all three major US stock indexes edged lower, the S&P 500 remained within a percent of its record high. Following a January-

Published 17 Apr, 2019 12:00am

Indian shares hit record highs

Indian shares extended gains to record highs on Tuesday, led by index heavyweights ICICI Bank Ltd and Reliance Industries Ltd, amid sustained buying from foreign investors. Investors were also optimistic as the earnings season got off to a good start and

Published 17 Apr, 2019 12:00am

Long-dated Treasury yields lower

US long-dated Treasury yields slipped from four-week highs on Monday in choppy trading, ahead of US data in a holiday-shortened week that will give some guidance on whether the world's largest economy could tip into recession in the near future. Financial

Published 17 Apr, 2019 12:00am

Long-dated Treasury yields lower

Published 17 Apr, 2019 12:00am

Australian, New Zealand shares climb

Australian shares climbed on Tuesday as Rio Tinto rose on expectations of higher iron ore prices owing to a tighter market, despite reporting a 14 percent fall in quarterly shipments. The S&P/ASX 200 index closed up 0.4 percent, or 26.0 points, to 6,277.4

Published 17 Apr, 2019 12:00am

China shares hit 13-month high

Chinese shares powered higher on Tuesday, pushing the benchmark Shanghai Composite index to its highest close in nearly 13 months, as a faster rise in housing prices added to hopes that China's stimulus policies are translating into stronger growth. At th

Published 17 Apr, 2019 12:00am

European shares at eight-month high

European shares ended at an eight-month high on Tuesday, bolstered by banking and financial stocks, upbeat data from China and the improving economic mood in Germany. The pan-European STOXX 600 index rose for a fifth-straight session led by the Swiss inde

Published 17 Apr, 2019 12:00am

Hong Kong shares rise

Hong Kong's benchmark equity index rose on Tuesday as stronger Chinese home price data signalled that the world's second-largest economy could be stabilising, following attempts by Beijing to put a floor under slowing growth. The Hang Seng index gained 31

Published 17 Apr, 2019 12:00am

Most Southeast Asian stocks rise; Vietnam drops

Most Southeast Asian stock markets ended higher on Tuesday, with Indonesia leading the pack, as investors remained optimistic about a recovery in China's economy ahead of the country's first-quarter growth pace set to be released on Wednesday. First-quart

Published 17 Apr, 2019 12:00am

UK shares at six-month highs, JD Sports leaps on profit beat

Asia-focused financial stocks, gaining on upbeat data from China, and a weaker sterling thrust London's main index to levels not seen since October, while mid-cap retailer JD Sports hit a record high after a forecast-beating profit. The FTSE 100 added 0.4

Published 17 Apr, 2019 12:00am

Flight suspensions hit Jet Airways shares amid crisis meeting

Jet Airways shares plunged Tuesday amid reports the board of the stricken Indian airline would suspend all operations after lenders refused to release emergency funds to keep the carrier flying. An emergency board meeting was called for Tuesday after the

Published 17 Apr, 2019 12:00am

Flight suspensions hit Jet Airways shares amid crisis meeting

Published 17 Apr, 2019 12:00am

Gazprom resumes imports of Turkmen gas: Turkmenistan

Russia's Gazprom has resumed imports of gas from Turkmenistan that it stopped three years ago, according to Turkmenistan's state energy company Turkmengaz. Turkmengaz said in a statement on its website late Monday that gas deliveries had resumed "after a

Published 17 Apr, 2019 12:00am

US manufacturing flat in March, capping weak first quarter

American manufacturing was flat in March, which was good news after sharp declines in the prior two months that combined for a dismal first quarter, the Federal Reserve reported Tuesday. The weak performance has contributed to fears about a slowing US eco

Published 17 Apr, 2019 12:00am

UK employment hits record high despite Brexit uncertainty

British employment has reached a record-high level, shaking off stubborn uncertainty surrounding the UK's departure from the European Union, official data showed on Tuesday. "The level of employment in the UK increased by 179,000 to a record high of 32.72

Published 17 Apr, 2019 12:00am

Development bank earmarks $4.4 billion for central Africa

The African Development Bank (AfDB) promised Tuesday to invest $4.4 billion (3.89 billion euros) in infrastructure in central Africa over the next seven years.

Published 17 Apr, 2019 12:00am

Bank of America reports higher profits, sees 'solid' US economy

Bank of America reported higher first-quarter earnings on lower expenses and loan growth Tuesday, with executives describing US growth as still solid. Net profits were $6.9 billion, up 5.8 percent from the year-ago level. Revenues fell by less than one pe

Published 17 Apr, 2019 12:00am

Bank of America reports higher profits, sees 'solid' US economy

Published 17 Apr, 2019 12:00am

Frenchman gets six-month prison term over horsemeat fraud

The former director of a French meat processing firm was sentenced Tuesday to six months in prison over a 2013 scandal which saw millions of meals withdrawn from European supermarkets after they were found to contain horsemeat instead of beef. A Paris cou

Published 17 Apr, 2019 12:00am

Lufthansa hits first quarter turbulence from rising fuel costs

Shares in Lufthansa tumbled as markets opened Tuesday before rebounding, after Europe's largest airline group blamed a steep first-quarter operating loss on rising fuel prices. After dropping almost five percent at open, Lufthansa stock was down around 0.

Published 17 Apr, 2019 12:00am

Lufthansa hits first quarter turbulence from rising fuel costs

Published 17 Apr, 2019 12:00am

Germany charges suspects with 'market manipulation' against Wirecard

German financial supervisor Bafin told AFP Tuesday it had filed charges with Munich prosecutors over alleged manipulation of financial technology firm Wirecard's share price involving short-selling. "We have filed charges. on suspicion of market manipulat

Published 17 Apr, 2019 12:00am

World economy, Brexit delay boost German investor morale

German investor morale improved for the sixth month in a row due to a resilient global economy and a delay to Britain's departure from the EU, a survey showed on Tuesday, but the growth outlook for Europe's largest economy remains clouded by external risk

Published 17 Apr, 2019 12:00am

China's policy stimulus may worsen economic distortions: OECD

China's stimulus measures will shore up economic growth this year and next but may undermine the country's drive to control debt and worsen structural distortions over the medium term, the OECD said in a report on Tuesday. Beijing has stepped up fiscal st

Published 17 Apr, 2019 12:00am

Fatima replaces Diana in SA-bound squad

A 17-year-old pace bowler Fatima Sana has been included in Pakistan women team that will tour South Africa starting from April 29. Fatima has replaced Diana Baig who underwent surgery on her injured left thumb. Diana has been advised eight to ten weeks re

Published 17 Apr, 2019 12:00am

Injury-hit Bangladesh recall Mosaddek for WC

Bangladesh called up batsman Mosaddek Hossain and uncapped fast bowler Abu Jayed for their World Cup squad on Tuesday as they wrestle with a series of injuries. Mosaddek was named to compensate for fellow batting all-rounder Mahmudullah Riyad, who has suf

Published 17 Apr, 2019 12:00am

Dubai Islamic Bank displays ICC World Cup trophy

Dubai Islamic Bank Pakistan in collaboration with Decagon Pakistan Private Limited (Owners of Golootlo) exhibited ICC World Cup Trophy at its Head Office in Karachi. Dubai Islamic Bank Pakistan & Golootlo are in strategic alliance for promotion of UnionPa

Published 17 Apr, 2019 12:00am

PCB partners with British Asian Trust to transform mental health plan

The Pakistan Cricket Board (PCB), as part of its Corporate Social Responsibility (CSR) on Tuesday announced a three-year partnership with the British Asian Trust with an aim to further strengthen support for their mental health programme in Pakistan. In d

Published 17 Apr, 2019 12:00am

All-Pakistan Inter-City Football League: North Waziristan, Abbottabad and Peshawar advance

North Waziristan, Abottabad and Peshawar advanced to next round after recording victories against their respective rivals in the All Pakistan Inter-City Football League which got under here at Tehmas Khan Football Stadium on Tuesday. Chairman Khyber Pakht

Published 17 Apr, 2019 12:00am

Olympic marathons to beat deadly heat with 6am start

The Tokyo 2020 Olympic marathons will start at 6:00am, organisers announced Tuesday, after doctors warned of deadly medical emergencies in the Japanese capital's stifling summer heat. The men's 50km race walk will start even earlier, at 5:30am, with organ

Published 17 Apr, 2019 12:00am

Rohail to lead as Pakistan U-19 squad for Sri Lanka tour named

Rohail Nazir, who scored a century on his first-class debut this season, has been appointed as Pakistan Under-19 captain for next month's series against Sri Lanka, the Pakistan Cricket Board announced on Tuesday. Mohammad Taha, who was also part of the IC

Published 17 Apr, 2019 12:00am

FCW win SBBWU Inter-College Games trophy

Frontier College for Women team clinched the overall trophy by securing 40 points in the Shaheed Benazir Bhutto Women University Inter-College Games, which concluded here on University Campus on Tuesday. Member Provincial Assembly Sumi Falak Naz was the c

Published 17 Apr, 2019 12:00am

Djokovic wins in Monte Carlo

Novak Djokovic was severely tested before securing a 6-3, 4-6, 6-4 win over Philipp Kohlschreiber to survive his opening match at the Monte Carlo Masters on Tuesday. The winner of the last three Grand Slams made eight double faults, dropped serve four tim

Published 17 Apr, 2019 12:00am

Currency

Dollar up against major rivals in Asia

The dollar edged up against a basket of its key rivals on Tuesday with investors erring on the side of caution as they looked for more concrete signs of stabilisation in the global economy. With most currencies staying within well-trodden trading ranges a

Published 17 Apr, 2019 12:00am

Aussie struggles, other currencies tread water in Europe

Major currencies traded within narrow ranges on Tuesday, before European and Chinese data that may indicate the worst is over for the global economy.

Published 17 Apr, 2019 12:00am

Currency

Early trade in New York: Euro dented by doubts over eurozone growth

The euro fell on Tuesday after several European Central Bank policymakers expressed doubt about a projected growth recovery in the second half of the year.

Published 17 Apr, 2019 12:00am

Dollar little changed against euro in New York

The dollar was little changed against the euro on Monday as investors focused on European manufacturing data due on Thursday for signs that growth in the region is improving. "The pace of deterioration in that part of the world has begun to ebb and I thin

Published 17 Apr, 2019 12:00am

Currency

Aussie, kiwi slip

The Australian and New Zealand dollars retreated on Tuesday as policymakers in both countries reminded markets of the risk of rate cuts, nudging bond yields lower. The Aussie dollar slipped 0.4 percent to $0.7146 and away from a six-week peak of $0.7193,

Published 17 Apr, 2019 12:00am

Emerging Asian currencies weaken

Emerging Asian currencies weakened on Tuesday, as uncertainty crept back over US-China trade negotiations following comments from US President Donald Trump, while investors also awaited China's first quarter gross domestic product data.

Published 17 Apr, 2019 12:00am

Currency

Sri Lankan rupee tad weaker

The Sri Lankan rupee closed tad weaker on Tuesday, while stocks ended tad firmer in thin trade after a long weekend. The currency ended at 174.60/75 to the dollar, lower than Friday's close of 174.45/55. The markets were closed on Monday for a public holi

Published 17 Apr, 2019 12:00am

Currency

Sterling falls on Brexit talks concerns; volatility drops

Sterling slipped on Tuesday after a newspaper report that Brexit talks between Prime Minister Theresa May's government and the opposition Labour Party were stalling, but moves were broadly contained in a market lacking fresh triggers.

Published 17 Apr, 2019 12:00am

Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,832. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.780 billion and the number of lots traded 4,470. Major business was contributed by gold amounting

Published 17 Apr, 2019 12:00am

Asia's gasoline margin falls as market calms after fire

Asia's gasoline margin fell from a near eight-month high to a three-session low of $8.47 a barrel on Monday as the market calmed after a reaction last week caused by an explosion and fire last Friday at a project in Malaysia, owned by Petronas.

Published 17 Apr, 2019 12:00am

CBOT soyabean futures firmer

Chicago Board of Trade soyabean futures closed firmer on Monday on hopes for progress in US trade talks with China, the world's biggest buyer of the oilseed, traders said. CBOT May soyabeans settled 3-1/2 cents higher at $8.98-3/4 per bushel.

Published 17 Apr, 2019 12:00am

Activities of Karachi Port

The Karachi Port handled 111,858 tonnes of cargo comprising 81,554 tonnes of import cargo and 30,304 tonnes of export cargo including 5,578 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 17 Apr, 2019 12:00am

Mixed rains to boost Ivory Coast cocoa mid-crop

Mixed rains fell over Ivory Coast's cocoa-growing regions last week, farmers said on Monday, with more showers needed in some areas to boost the April-to-September mid-crop.

Published 17 Apr, 2019 12:00am

Fall in Chicago pulls European wheat lower

A fall in Chicago prices dragged European wheat lower on Monday, while traders also said the euro's rebound against the dollar hampered its competitiveness on world markets. Export prospects for the final weeks of the 2018/19 season have been tempered by

Published 17 Apr, 2019 12:00am

Brazil's coffee consumption to grow this year

Brazil's coffee industry expects a more moderate consumption growth rate in the local market in 2019 after a jump of almost 5 percent in 2018, an industry group said on Monday.

Published 17 Apr, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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