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Print - 2019-04-17
Germany charges suspects with 'market manipulation' against Wirecard

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
CCP imposes penalty on medical, dental colleges

CCP imposes penalty on medical, dental colleges

The Competition Commission of Pakistan (CCP) has passed an order imposing a total penalty of Rs22.5 million on three medical and dental colleges for violating Section 10 of the Competition Act, 2010 by fraudulently claiming recognition by the Pakistan Med
Published 17 Apr, 2019 12:00am
Chinese envoy calls on Umar

Chinese envoy calls on Umar

Ambassador of People's Republic of China, Yao Jing, called on Finance Minister, Asad Umar here on Tuesday. Both the sides exchanged views on the matters of bilateral importance and emphasised the need for further enhancing and expanding bilateral cooperat
Published 17 Apr, 2019 12:00am
Five in the run for two seats of KU syndicate

Five in the run for two seats of KU syndicate

Five professors have filed nomination papers to contest election for two seats Karachi University's syndicate from the constituency of its senate.
Published 17 Apr, 2019 12:00am
Terrorism: Bilawal shows displeasure over government's unclear stance

Terrorism: Bilawal shows displeasure over government's unclear stance

"I want the powers in the country to mainstream victims of terrorism, not banned organisations," said Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari on Tuesday. Bilawal visited Quetta to meet the families of those killed in the Hazarganji bl
Published 17 Apr, 2019 12:00am
Special cell established at CS office

Special cell established at CS office

Chief Secretary Punjab Yousaf Naseem Khokhar has set up a special cell in his office to monitor performance of departments and officers. The chief secretary's performance and reforms cell is aimed at improving governance and public service delivery throug
Published 17 Apr, 2019 12:00am
Master Motors' Changan vehicles to roll out in April

Master Motors' Changan vehicles to roll out in April

Master Motor Ltd (MML) will start local production of three vehicles from this month. Speaking on the sidelines of Pakistan Auto Parts Show 2019 at the Karachi Expo Centre, MML Chief Executive Officer Danial Malik said Changan M-8, M-9 and Karvaan will be
Published 17 Apr, 2019 12:00am
Mayor asks KMC staff to lodge FIR against tree cutting

Mayor asks KMC staff to lodge FIR against tree cutting

Karachi Mayor Waseem Akhtar on Tuesday took notice of cutting of a 50-year-old tree on Fatima Jinnah Road and ordered the KMC officials to lodge FIR against the persons involved in the crime. Mayor and Metropolitan Commissioner witnessed some unknown men
Published 17 Apr, 2019 12:00am
Minor boy killed in police firing

Minor boy killed in police firing

A 19-month-old boy identified as Muhammad Ahsan was shot dead in University Road, here on Tuesday evening. The ill-fated family told media that their minor kid received bullet that was allegedly fired by a policeman while they were getting into an auto ri
Published 17 Apr, 2019 12:00am
CM suspends five officers

CM suspends five officers

Punjab chief minister Sardar Usman Buzdar during his Gujranwala visit suspended five officers on public complaints and negligence from duty.
Published 17 Apr, 2019 12:00am
Orakzai tribes demand compensation

Orakzai tribes demand compensation

The tribal people of Orakzai tribal district on Tuesday held a protest camp outside Peshawar Press Club, demanding of the government to conduct survey of the damaged houses and compensate the displaced families to ensure their proper rehabilitation.
Published 17 Apr, 2019 12:00am
Torrential rains: Growers demand compensation for losses

Torrential rains: Growers demand compensation for losses

Growers organizations expressing their concern over the loss of lives and properties including standing crops inflicted by the recent torrential rains and hailstorm in different parts of the province have urged the government to launch an immediate survey
Published 17 Apr, 2019 12:00am
FHM bags Corporate Excellence Award
Mutual Funds

FHM bags Corporate Excellence Award

The Management Association of Pakistan has awarded Corporate Excellence Certificate Award to First Habib Modaraba (FHM) in their ceremony held at Karachi. This award was given within the "Financial Category". The said category consisting on Leasing, Inves
Published 17 Apr, 2019 12:00am
Huawei to host '5G is ON' forum at SAMENA Leaders' Summit

Huawei to host '5G is ON' forum at SAMENA Leaders' Summit

Huawei, the leading global provider of information and communications technology (ICT) infrastructure and smart devices, will host the '5G is ON' forum as part of the SAMENA Leaders' Summit, scheduled for Thursday 18th April 2019.
Published 17 Apr, 2019 12:00am
Chashma Sugar Mills Limited
Cotton

Chashma Sugar Mills Limited

Chashma Sugar Mills Limited (PSX: CHAS) is the fourth largest sugar mill in the country, and the largest outside of Punjab. The company was incorporated in 1988 and commenced its business in marketing year 1992-93. While the registered office of the compa
Published 17 Apr, 2019 12:00am
Chashma Sugar Mills Limited
Cotton

Chashma Sugar Mills Limited

Chashma Sugar Mills Limited (PSX: CHAS) is the fourth largest sugar mill in the country, and the largest outside of Punjab. The company was incorporated in 1988 and commenced its business in marketing year 1992-93. While the registered office of the compa
Published 17 Apr, 2019 12:00am
DPO Khyber visits Landi Kotal

DPO Khyber visits Landi Kotal

District Police Officer (DPO) Khyber district on Tuesday paid first ever visit to Landi Kotal after grant of police status to Khasadar force in the tribal district. The district police official Muhammad Hussain was warmly received by the recently turned t
Published 17 Apr, 2019 12:00am
FBR threatens to penalise RFIs

FBR threatens to penalise RFIs

Federal Board of Revenue (FBR) will penalize Reporting Financial Institutions (RFIs), which would fail to submit Common Reporting Standard (CRS) reports pertaining to required information of financial accounts of non-resident persons and any other reporta
Published 17 Apr, 2019 12:00am
PIA CEO, others issued bailable arrest warrants

PIA CEO, others issued bailable arrest warrants

A civil court has issued bailable arrest warrants for CEO Pakistan International Airlines (PIA) Air mMarshal Arshad Malik and three other officials for not attending proceedings of a contempt plea against them.
Published 17 Apr, 2019 12:00am
11 dead, seven injured in Mastung accident

11 dead, seven injured in Mastung accident

At least 11 people died and seven others including women and children were injured in collision between an over speeding truck and a van here on Tuesday. According to details, an over-speeding truck and a passenger van collided head-on near Lak Bypass in
Published 17 Apr, 2019 12:00am
HEC seeks action against UMT, RU

HEC seeks action against UMT, RU

Higher Education Commission Pakistan has asked the Punjab government to take immediate action against the two private Universities; University of Management and Technology Lahore and Riphah University for operating illegal campuses against HEC rules and v
Published 17 Apr, 2019 12:00am
US MIDDAY: Gold falls 1 percent to 2019 low

US MIDDAY: Gold falls 1 percent to 2019 low

Gold dropped 1 percent on Tuesday to its lowest level of 2019, as a string of robust economic data boosted demand for riskier assets like equities while bullion was further weighed down by gains in the US dollar. Spot gold was down 1.1 percent to $1,273.9
Published 17 Apr, 2019 12:00am
US MIDDAY: Wheat tumbles

US MIDDAY: Wheat tumbles

US grain and soyabean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. Wheat prices came under pressure after the US Department of Agriculture, in a we
Published 17 Apr, 2019 12:00am
Gold slides in Europe

Gold slides in Europe

Gold slid 1 percent on Tuesday to its lowest level this year, as a string of robust economic data boosted demand for riskier assets like equities while bullion was further weighed down by gains in the US dollar. Spot gold stood at $1,275.21 per ounce as o
Published 17 Apr, 2019 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell on Tuesday near more than one-week lows touched in the previous session, as positive economic data from major economies stoked risk appetite, softening demand for safe-haven bullion. Spot gold was down 0.4 percent at $1,282.51 per ounce, as of 0
Published 17 Apr, 2019 12:00am
Palm oil reverses losses
Vegetable Oil

Palm oil reverses losses

Malaysian palm oil futures hit a one-week high during trade on Tuesday, reversing losses made earlier in the day and supported by a weaker ringgit and expectations of weaker than forecast production. The benchmark palm oil contract for July delivery on th
Published 17 Apr, 2019 12:00am
Tokyo rubber dips on Shanghai plunge

Tokyo rubber dips on Shanghai plunge

Tokyo Commodity Exchange (TOCOM) futures fell on Tuesday, weighed by a plunge in Shanghai futures in mid-day trade, and as investors took profits from the recent rally. The benchmark TOCOM rubber contract for September delivery finished 1.7 yen, or 0.9 pe
Published 17 Apr, 2019 12:00am
New York cocoa, raw sugar fall to two-week low
Currency

New York cocoa, raw sugar fall to two-week low

New York cocoa futures on ICE fell on Tuesday to a two-week low, as a short covering rally subsided, while raw sugar also fell to its lowest in two weeks though it remained within its trading range. July New York cocoa settled down $50, or 2.1 percent, at
Published 17 Apr, 2019 12:00am
Oil up 1 percent as market focuses on supply risks

Oil up 1 percent as market focuses on supply risks

Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains. Brent crude futures rose 54 cents, o
Published 17 Apr, 2019 12:00am
Zinc tumbles after big delivery into LME warehouses

Zinc tumbles after big delivery into LME warehouses

Zinc prices fell more than 3 percent on Tuesday as a big inflow into London Metal Exchange (LME) warehouses fanned expectations that a supply deficit will soon end. Benchmark zinc on the LME closed down 3.1 percent at $2,809.50 a tonne, the biggest daily
Published 17 Apr, 2019 12:00am
Cotton futures gain 2 percent
Cotton

Cotton futures gain 2 percent

ICE cotton futures rose 2% on Tuesday on optimism that US cotton would see robust demand from China in the backdrop of progressing trade talks with the United States. The most-active cotton contract on ICE Futures US, July settled up 1.45 cent, or 1.90 pe
Published 17 Apr, 2019 12:00am
After 23-year wait, US squeezes Cuba on confiscated property

After 23-year wait, US squeezes Cuba on confiscated property

President Donald Trump will open the way for lawsuits in US courts over property confiscated by Cuba, enforcing a controversial law that could rattle the island's economy and anger European allies after more than two decades of delay. Ever since Congress
Published 17 Apr, 2019 12:00am
More than 200 arrested at London climate protests

More than 200 arrested at London climate protests

More than 200 people have been arrested in ongoing climate change protests in London that brought parts of the British capital to a standstill, police said Tuesday. Demonstrators began blocking off a bridge and major central road junctions on Monday at th
Published 17 Apr, 2019 12:00am
Four killed in Canada 'targeted' shootings

Four killed in Canada 'targeted' shootings

Four people were shot dead Monday in three areas of the western Canadian town of Penticton, federal police said, describing the shootings as a "targeted incident." "We have determined four people are deceased at three locations within a four kilometer (2.
Published 17 Apr, 2019 12:00am
Germany's far-right party AfD fined over illegal funding

Germany's far-right party AfD fined over illegal funding

Germany's far-right party AfD has been fined more than 400,000 euros ($450,000) for having received illegal campaign funding during regional elections, parliament's administrative body told AFP on Tuesday. One of the party's co-chiefs, Joerg Meuthen, and
Published 17 Apr, 2019 12:00am
German plane crash lands, disrupts airport traffic

German plane crash lands, disrupts airport traffic

A German government plane crash-landed on Tuesday, briefly disrupting traffic at Berlin's Schoenefeld airport, in the latest of a series of technical faults to plague the official fleet. No passengers were onboard the Luftwaffe's Global 5000 jet, but the
Published 17 Apr, 2019 12:00am
Organised crime is top threat to European security: Europol

Organised crime is top threat to European security: Europol

Increasingly violent organised crime groups pose the biggest threat to European security, outstripping terrorism and migration, top police from across the continent said Tuesday. Italian mafia groups, Albanians and Eastern Europeans, and "outlaw" motorcyc
Published 17 Apr, 2019 12:00am
Russia sentences Norwegian to 14 years over espionage

Russia sentences Norwegian to 14 years over espionage

A Moscow court on Tuesday convicted a retired Norwegian border guard on spying charges and sentenced him to 14 years in prison. Frode Berg, 63, was detained in Moscow in 2017 following a sting operation by Russia's FSB security service.
Published 17 Apr, 2019 12:00am
Egypt parliament votes to extend Sisi rule

Egypt parliament votes to extend Sisi rule

Egypt's parliament on Tuesday approved constitutional amendments allowing general-turned-president Abdel Fattah al-Sisi to stay in power until 2030, state media reported. Deputies also backed other sweeping changes to the constitution including to give th
Published 17 Apr, 2019 12:00am
European Parliament backs rules to protect whistleblowers

European Parliament backs rules to protect whistleblowers

The European Parliament on Tuesday overwhelmingly voted for rules aimed at protecting whistleblowers from reprisals following corporate scandals such as Dieselgate and Cambridge Analytica. With 591 votes in favour, 29 against and 33 abstentions, the parli
Published 17 Apr, 2019 12:00am
China's steel futures hit 7-1/2-year high on firm demand

China's steel futures hit 7-1/2-year high on firm demand

China's Shanghai steel futures hit a 7-1/2-year high on Monday, supported by firm demand and expectations that the government will boost stimulus measures to support infrastructure projects. Benchmark construction steel rebar contract on the Shanghai Futu
Published 17 Apr, 2019 12:00am
Russian wheat prices stable

Russian wheat prices stable

Russian wheat export prices were stable last week as the rouble strengthened, which was supported by higher oil prices and seasonally limited supply, analysts said on Monday. Wheat of the Russian origin lost another important purchase tender by Egypt's st
Published 17 Apr, 2019 12:00am
Brazil's coffee consumption to grow this year

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
Fall in Chicago pulls European wheat lower

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
Mixed rains to boost Ivory Coast cocoa mid-crop

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
Activities of Karachi Port

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
CBOT soyabean futures firmer

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
Asia's gasoline margin falls as market calms after fire

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
PMEX daily trading report
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
Sterling falls on Brexit talks concerns; volatility drops
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
Sri Lankan rupee tad weaker
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
Emerging Asian currencies weaken

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
Aussie, kiwi slip
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
Dollar little changed against euro in New York

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
Dollar up against major rivals in Asia
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
Djokovic wins in Monte Carlo

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
FCW win SBBWU Inter-College Games trophy

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

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
Olympic marathons to beat deadly heat with 6am start

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
PCB partners with British Asian Trust to transform mental health plan

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
Dubai Islamic Bank displays ICC World Cup trophy

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
Injury-hit Bangladesh recall Mosaddek for WC

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
Fatima replaces Diana in SA-bound squad

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
China's policy stimulus may worsen economic distortions: OECD

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
World economy, Brexit delay boost German investor morale

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
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Apr, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Apr, 2019 12:00am
State Bank of Pakistan conversion rates
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
Barclays bid rates and maximum rates for payment of interest

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 17 Apr, 2019 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 16, 2019).

Published 17 Apr, 2019 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (April 16, 2019).

Published 17 Apr, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 16, 2019).
Published 17 Apr, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 16, 2019).

Published 17 Apr, 2019 12:00am
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