News Archives for Print - 2019-04-18

Currency

Emerging-market forex revenues eclipse 'G10' for first time

Investment banks are now earning more from trading emerging-market currencies than from the major G10 markets, as wild swings in the likes of the Turkish lira contrast with relative calm in the dollar, euro and yen. Disappointing earnings at the trading d

Published 18 Apr, 2019 12:00am

Currency

Emerging-market forex revenues eclipse 'G10' for first time

Investment banks are now earning more from trading emerging-market currencies than from the major G10 markets, as wild swings in the likes of the Turkish lira contrast with relative calm in the dollar, euro and yen. Disappointing earnings at the trading d

Published 18 Apr, 2019 12:00am

Currency

Aussie hits two-month peak in Asia

The Australian dollar shot to a two-month peak on Wednesday after data showed steady Chinese economic growth in the first quarter, helping Australia's currency shake off earlier losses. The Aussie was 0.2 percent higher at $0.7190 after touching $0.7206,

Published 18 Apr, 2019 12:00am

Currency

Aussie jumps in European trade

The Australian dollar rose to a two-month high on Wednesday after Chinese economic growth beat forecasts and indicated to some investors that the worst is over for the global economy. The Aussie's jump encouraged some traders who have been searching for d

Published 18 Apr, 2019 12:00am

Currency

Early trade in New York: dollar weakens; Aussie dollar outperforms

The greenback weakened on Wednesday as better-than-expected economic data in China bolstered risk appetite and boosted the Australian dollar. China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdo

Published 18 Apr, 2019 12:00am

Currency

Euro falls against dollar in New York

The euro fell against the dollar on Tuesday after reports that some European Central Bank policymakers think the bank's economic projections are too optimistic. Several ECB policymakers said the bank's economic projections are too rosy as weak growth in C

Published 18 Apr, 2019 12:00am

Asian forex: China GDP lifts yuan; ringgit eases

The yuan firmed on surprisingly solid Chinese economic growth data on Wednesday, which raised hopes of stabilisation in the world's second-largest economy, while Malaysia's ringgit weakened on rising capital outflow worries. Most Asian currencies had init

Published 18 Apr, 2019 12:00am

Currency

Price pressures fail to shake sterling out of slumber

Sterling struggled to make much headway on Wednesday after data showed British prices rose slightly slower than expected in March, easing the pressure on the Bank of England to tighten monetary policy. Annual consumer price inflation came in at 1.9 percen

Published 18 Apr, 2019 12:00am

Aussie flies to two-month highs, kiwi slips

The Australian dollar jumped past a crucial chart hurdle on Wednesday to a two-month high after data from top trading partner China defied expectations for a slowdown, while the New Zealand dollar tumbled to a 3-1/2 month trough on lukewarm inflation. The

Published 18 Apr, 2019 12:00am

Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,843. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.270 billion and the number of lots traded 7,068.

Published 18 Apr, 2019 12:00am

CBOT soyabean futures slide

Chicago Board of Trade soyabean futures fell on Tuesday on a lack of fresh news about talks to resolve the US trade war with China, traders said. CBOT May soyabeans settled 10-3/4 cents lower at $8.88 per bushel. Traders are watching for signs of progress

Published 18 Apr, 2019 12:00am

CBOT corn touches one week low

Chicago Board of Trade corn futures stumbled on Tuesday on technical selling and pressure from ample inventories, traders said. CBOT May corn closed 3-3/4 cents lower at $3.59 per bushel. The contract set its lowest price in a week. The US Department of A

Published 18 Apr, 2019 12:00am

Asia's naphtha falls to one week low

Asia's naphtha crack hit a one week low of $45.78 a tonne on Tuesday on the back of muted demand as most buyers have not yet emerged to seek cargoes for June delivery. The current crack level was about 20 percent lower than a month ago, reflecting that fu

Published 18 Apr, 2019 12:00am

China's steel futures slide after 7-1/2-year peak

China's steel futures ended a three-day winning streak on Tuesday after hitting a 7-1/2-year peak in the previous session, as cautious investors waited on the release of GDP data. Benchmark Shanghai rebar prices were down 1.1 percent at 3,780 yuan ($563.5

Published 18 Apr, 2019 12:00am

CBOT wheat futures fall to one month low

Chicago Board of Trade (CBOT) wheat futures fell to a one month low on Tuesday, while K.C. and Minneapolis wheat set contract lows under pressure from good US crop ratings and increasing global supply estimates, traders said. CBOT May soft red winter whea

Published 18 Apr, 2019 12:00am

EU wheat slips with Chicago as favourable crop prospects weigh

Euronext wheat fell on Tuesday, led by a sharp drop in new-crop prices, as favourable prospects for this year's harvests in the northern hemisphere weighed on sentiment. New-crop September milling wheat on Paris-based Euronext was down 3.00 euros or 1.7 p

Published 18 Apr, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 143,341 tonnes of cargo comprising 84,790 tonnes of import cargo and 58,551 tonnes of export cargo including 10,363 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of

Published 18 Apr, 2019 12:00am

Cotton

Mills play active role in modest activity on cotton market

Prices maintained firm trend on the cotton market on Wednesday as the mills finalised new deals at present levels to cover their immediate needs, dealers said. The official spot rate was unchanged at Rs 8,800, they added. In the ready session, over 4,000

Published 18 Apr, 2019 12:00am

Ukraine's sea port grain exports fall

Ukrainian grain exports from sea ports in the week of April 6-12 fell to 777,000 tonnes from 968,000 tonnes a week earlier, the APK-Inform consultancy said on Monday. Corn exports fell 26 percent to 592,000 tonnes, while wheat shipments declined by 9 perc

Published 18 Apr, 2019 12:00am

Canadian canola futures lower

ICE Canadian nearby canola futures declined on Tuesday for a second straight session on technical selling and spillover pressure from allied US soyabean futures, traders said. Spreading accounted for most of the day's trading volume as commodity funds con

Published 18 Apr, 2019 12:00am

Elusive molecule, first in Universe, detected in space

In the beginning, more than 13 billion years ago, the Universe was an undifferentiated soup of three simple, single-atom elements. Stars would not form for another 100 million years.

Published 18 Apr, 2019 12:00am

Netanyahu formally named next Israeli PM

Israeli President Reuven Rivlin on Wednesday formally handed Benjamin Netanyahu his letter of appointment to start building a coalition government following last week's general election. In a televised ceremony, Rivlin told Netanyahu, that in his consulta

Published 18 Apr, 2019 12:00am

Currency

Argentina freezes prices of basic goods and public services

Argentina's President Mauricio Macri announced a freeze in the price of basic goods and public services on Wednesday in a bid to limit the impact of spiralling inflation that could hamper his re-election hopes in October.

Published 18 Apr, 2019 12:00am

US restricts US travel, remittances to Cuba

President Donald Trump's administration said Wednesday it was restricting US travel and remittances to Cuba, undoing much of the thaw under former president Barack Obama. "These new measures will help steer American dollars away from the Cuban regime," Na

Published 18 Apr, 2019 12:00am

Cuba rejects new US measures against foreign investors

Cuba on Wednesday rejected Washington's decision to allow lawsuits in US courts against companies operating in properties seized during the communist revolution in Havana, calling it an "attack." "It is an attack against International Law and the sovereig

Published 18 Apr, 2019 12:00am

Indonesia's 'everyman' leader on track to win

Indonesia's Joko Widodo was on track to be re-elected leader of the world's third-biggest democracy as unofficial results put him in a comfortable lead over firebrand ex-general Prabowo Subianto after voting closed Wednesday across the 17,000-island archi

Published 18 Apr, 2019 12:00am

US imposes sanctions on Venezuela's central bank

The United States on Wednesday announced sanctions against Venezuela's central bank in its latest effort to strangle President Nicolas Maduro's cash flow. In a hard-hitting speech in Miami largely devoted to Cuba, National Security Advisor John Bolton als

Published 18 Apr, 2019 12:00am

Currency

Turkey opposition win in disputed Istanbul vote confirmed: party

Turkish election officials on Wednesday officially confirmed opposition candidate Ekrem Imamoglu's win over President Recep Tayyip Erdogan's ruling AKP in last month's disputed Istanbul election, his party said.

Published 18 Apr, 2019 12:00am

Bashir moved to prison as protesters rally

Sudan's military rulers have transferred ousted president Omar al-Bashir to prison, a family source said Wednesday, as an array of protest groups marched through Khartoum to join a sit-in at the army complex. Following the dramatic end to Bashir's rule of

Published 18 Apr, 2019 12:00am

Cathedral bells ring out across France after Notre-Dame catastrophe

Cathedral bells rang out across France on Wednesday evening, at the exact time a devastating blaze struck Paris's Notre-Dame on Monday, as it was announced architects would be invited to submit designs to replace the collapsed spire.

Published 18 Apr, 2019 12:00am

India cancels poll in southern area over 'vote buying'

Indian election authorities have cancelled voting in a southern region of the country after seizing more than 110 million rupees ($1.5 million) they believe was meant to influence the outcome, officials said Wednesday. It is the first time a ballot has be

Published 18 Apr, 2019 12:00am

Trump says US, China trade talks to be 'successful'

US President Donald Trump on Wednesday held out hope the current trade talks with China will be a success, and said an announcement on the status was due "shortly." The president's remarks followed a report by The Wall Street Journal saying US and Chinese

Published 18 Apr, 2019 12:00am

Accountability over misuse of power inevitable: adviser

Adviser to Sindh Chief Minister on Information and Archives, Law and Anti-Corruption Barrister Murtaza Wahab on Wednesday has condemned minor's death in police encounter. He declared Sindh police responsible for the incident and said that accountability o

Published 18 Apr, 2019 12:00am

Environmental pollution a threat to coastal area of Karachi: Parliamentary panel informed

A parliamentary panel was informed on Wednesday that environmental pollution around the coastal area of Karachi is a serious threat to the area's biodiversity.

Published 18 Apr, 2019 12:00am

PM to attend second Belt & Road Forum in Beijing

Prime Minister Imran Khan will embark on a four-day visit to China from April 25-28 to attend the 2nd Belt and Road Forum in Beijing, besides holding talks with Chinese leadership on issues of mutual interest for enhancing cooperation between the two coun

Published 18 Apr, 2019 12:00am

Minor children of listed companies' directors: SECP asked to stop PSX from seeking details

The Senate Standing Committee on Finance has directed Securities and Exchange Commission of Pakistan (SECP) to immediately issue instructions to Pakistan Stock Exchange Limited (PSX) to stop asking personal details of minor children (having no CDC account

Published 18 Apr, 2019 12:00am

Mutual Funds

Attock Cement Pakistan Limited

Attock Cement (PSX: ACPL) is one of the cement manufacturers catering primarily to the south zone of the cement market and has been established since 1981. Commercial production started in 1988 with a capacity of 0.6 million tons annually. Through expansi

Published 18 Apr, 2019 12:00am

Mutual Funds

Attock Cement Pakistan Limited

Attock Cement (PSX: ACPL) is one of the cement manufacturers catering primarily to the south zone of the cement market and has been established since 1981. Commercial production started in 1988 with a capacity of 0.6 million tons annually. Through expansi

Published 18 Apr, 2019 12:00am

FYs of 2012, 2015 & 2016: FBR, Sindh government agree to finalize tax reconciliation

Federal and provincial tax authorities have agreed to finalize tax reconciliation for fiscal years 2012, 2015 and 2016 before next tribunal hearing to be held on June 11, 2019. According to details, FBR team headed by member IR (operations) had discussed

Published 18 Apr, 2019 12:00am

PTCL Group posts double-digit growth in Q1, 2019

Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the quarter ended March 31, 2019 at its Board of Directors' meeting held here on Wednesday.

Published 18 Apr, 2019 12:00am

Economic corridor: 22 projects worth $29.5 billion being executed

As many as 22 development projects, worth $29.5 billion, are presently at the implementation phase under the China-Pakistan Economic Corridor (CPEC). According to documents, which could not be presented in a meeting of Senate Special Committee on the proj

Published 18 Apr, 2019 12:00am

FFC bags Best Corporate Excellence Award

"Fauji Fertilizer Company Limited (FFC) has won Best Corporate Excellence Award in fertilizer sector for fifth consecutive time as adjudged by Management Association of Pakistan (MAP), while recognizing and honouring companies showing outstanding performa

Published 18 Apr, 2019 12:00am

Number of 3G, 4G users reaches 66.14 million by end-March

The number of 3G and 4G users in Pakistan reached 66.14 million by end-March 2019, said Pakistan Telecommunication Authority (PTA). Number of mobile phone users in Pakistan reached 159.024 million by end-March compared to 156.92 million by end-February, w

Published 18 Apr, 2019 12:00am

Balochistan: PPAF carries out water engagement exercise to overcome water crisis

Pakistan Poverty Alleviation Fund (PPAF) carried out an extensive water engagement exercise to come up with an action plan for effectively addressing water issues in Balochistan.

Published 18 Apr, 2019 12:00am

Cotton

Country likely to miss wheat output target

The country fears to miss wheat production target of 25.16 million tonnes from an area of 8.833 million hectares owing to recent widespread rains coupled with hailstorms and missing of sowing target by 6,000 hectares of land.

Published 18 Apr, 2019 12:00am

Mutual Funds

Stability rating of NIT Money Market Fund upgraded to "AAA"

Pakistan Credit Rating Agency Limited (PACRA) has upgraded stability rating of NIT Money Market Fund from previous "AA+" to "AAA" which is the hhighest fund stability rating The objective of the fund is to generate competitive returns with minimum risk fo

Published 18 Apr, 2019 12:00am

Mutual Funds

Stability rating of NIT Money Market Fund upgraded to "AAA"

Pakistan Credit Rating Agency Limited (PACRA) has upgraded stability rating of NIT Money Market Fund from previous "AA+" to "AAA" which is the hhighest fund stability rating The objective of the fund is to generate competitive returns with minimum risk fo

Published 18 Apr, 2019 12:00am

Partly Facetious: Khan may have been bitten by power bug

"So how did British parliament react once it got an extension to leave the European Union?"

Published 18 Apr, 2019 12:00am

Briefing on inflation to Senate body postponed

The briefing on inflation to the Senate Standing Committee on Finance was postponed on Wednesday, as the committee outrightly rejected the viewpoint of Ministry of Finance that Ministry of Planning is the competent government department to give briefing o

Published 18 Apr, 2019 12:00am

Briefing on inflation to Senate body postponed

The briefing on inflation to the Senate Standing Committee on Finance was postponed on Wednesday, as the committee outrightly rejected the viewpoint of Ministry of Finance that Ministry of Planning is the competent government department to give briefing o

Published 18 Apr, 2019 12:00am

Finalization of police rules: SHC asks Sindh government to reply by May 14

Sindh High Court (SHC) on Wednesday sought the reply from provincial government with regard to finalization of police rules by May 14, 2019. A division bench of the SHC comprising Justice Hassan Azhar Rizvi and Justice Aziz ur Rehman issued these order in

Published 18 Apr, 2019 12:00am

Police must take decisions in consultation with Sindh government: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that the police are under the administrative control of the provincial government but some changes made in the law had upset the administration control.

Published 18 Apr, 2019 12:00am

Speakers for energy efficiency, conservation to curb crisis

Speakers at a one day workshop have called upon the need to conserve energy and utilize efficient means of power to curb energy crisis. They were addressing the workshop jointly organized by Punjab University Department of Electrical Engineering and Punja

Published 18 Apr, 2019 12:00am

Asset case: Hina Rabbani denies receiving NAB summon

Former foreign minister and PPP MNA Hina Rabbani Khar on Wednesday refuted reports that the National Accountability Bureau (NAB) has summoned her along with her father in connection with a probe into an assets beyond means case. She in a statement said th

Published 18 Apr, 2019 12:00am

PML-N challenges two PTI MNAs membership

Pakistan Muslim League-Nawaz (PML-N) leaders on Wednesday challenged the membership of two lawmakers of Pakistan Tehreek-e-Insaf (PTI) in the National Assembly, Kanwal Shouzab and Maleeka Bukhari, in the Islamabad High Court (IHC).

Published 18 Apr, 2019 12:00am

PEACE Cable, Cybernet Pakistan sign agreement

A Cable Landing Party Agreement has been signed between PEACE Cable International Network Co Ltd (PEACE Cable) and Cyber Internet Services (PVT) Limited (Cybernet Pakistan). Pakistan & East Africa Connecting Europe (PEACE) is 12,000 km long, privately own

Published 18 Apr, 2019 12:00am

Anti-dumping duty in South Africa hits Pakistani cement exports: PSABF chief

Chairman Pakistan-South Africa Business Forum (PSABF) Mohammad Rafiq Memon has said that Pakistan's cement exports to South Africa have terribly suffered during the last couple of years because of the anti-dumping duty imposed by the South African governm

Published 18 Apr, 2019 12:00am

Measures must be taken for disposal of rainwater: commissioner

Divisional Commissioner Mehmud Javed Bhatti has directed for the early disposal of rain water from the low lying areas and city roads so that normal life of the citizens could not be affected. He issued these directions while inspecting the situation of r

Published 18 Apr, 2019 12:00am

Imran-led government working to steer country out of economic problems: Elahi

Acting Governor Punjab Ch Parvez Elahi on Wednesday said the government of Prime Minister Imran Khan is working with good intention to pull the country out of economic problems and traders' community should fully cooperate with the government in this rega

Published 18 Apr, 2019 12:00am

Everyone must play its role to keep surroundings clean: minister

Islam places great emphasis on cleanliness and purity while significance of cleanliness and hygiene cannot be overlooked by any society, said the Punjab Environment Minister Muhammad Rizwan. While talking to a high-level delegation of National Peace Commi

Published 18 Apr, 2019 12:00am

Imam-e-Ka'aba, Buzdar discuss Pak-KSA ties

Imam-e-Kaaba Dr Abdullah Awad Al-Juhany on Wednesday said the hearts of the people and government of Saudi Arabia are always open towards Pakistan and both Pakistan and Saudi Arabia have always sided with each other and would continue doing so. He said th

Published 18 Apr, 2019 12:00am

CM approves draft of provincial development strategy 2023

Punjab Chief Minister Usman Buzdar has approved the draft of provincial development strategy 2023 which will be presented before the cabinet for final approval. The CM was reviewing provincial development strategy 2023 during a high-level meeting at the P

Published 18 Apr, 2019 12:00am

KSA, Iran, Kuwait Now is time to capture halal markets: APMPEA

All Pakistan Meat Processors & Exporters Association (APMPEA) Chairman Nasib Ahmad Saifi has claimed that an opportunity has emerged for Pakistani halal meat exporters to capture Kuwait, Saudi Arabia and Iranian markets as Kuwait slapped a ban on some big

Published 18 Apr, 2019 12:00am

LHC extends pre-arrest bail of Hamza till April 25

The Lahore High Court on Wednesday extended pre-arrest bail of Leader of Opposition in Punjab Assembly Hamza Shahbaz till April 25 against cases of Ramzan Sugar Mills, Punjab Saaf Pani Company and assets beyond means filed by the National Accountability B

Published 18 Apr, 2019 12:00am

'Pakistan Population Facts': Pulse Itag join hands for online data solution

Pulse Consultant and Itag have joined hands to provide online data access solutions of "Pakistan's Population Census" to help out the domestic and foreign investors for getting filtered first hand information. Under the project both will work for transfor

Published 18 Apr, 2019 12:00am

Rains damage crops over 35,000 acres: minister

Punjab Agriculture Minister Malik Nauman Ahmad Langrial has claimed that as per initial estimates wheat, maize and fodder crops standing over an area of 35,000 acres of land have been damaged by the recent spell of hailstorm, rain and dust-storm. He said

Published 18 Apr, 2019 12:00am

FPCCI, UBG jointly present 40 pre-budget proposals

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and United Business Group (UBG) on Wednesday jointly presented a set of 40 pre-budget proposals to Federal Finance Minister Asad Umar seeking special package of incentives to accelerate the

Published 18 Apr, 2019 12:00am

Pakistan has become a 'casino economy': Bengali

Renowned economist Dr Kaiser Bengali has said that Pakistan has become a casino economy where development projects are planned only in the interest of contractors but not the public. "Technically, Pakistan's economy is already in default; given that there

Published 18 Apr, 2019 12:00am

KBP demands compensation for rain-hit growers

Kissan Board Pakistan (KBP) has urged the federal government to declare areas hit by the recent torrential rains and hailstorm as 'calamity hit areas' so as to write-off the loans taken by the growers and extend them further financial help to enable them

Published 18 Apr, 2019 12:00am

'Baku expo provides unique opportunity to FCCI delegates'

A 10-member Faisalabad Chamber of Commerce & Industry (FCCI) delegation has returned back after participating in triangular exhibition organized by TUMSIT in Baku (Azerbaijan). Mian Tanveer Ahmed, Senior Vice President who headed delegation told that this

Published 18 Apr, 2019 12:00am

Killing of toddler: Four cops booked for allegedly involvement

Police on Wednesday lodged first information report (FIR) against four policemen for their alleged involvement behind killing of a minor boy near Safoora roundabout on Tuesday night. Also, an investigation team has been constituted under the supervision o

Published 18 Apr, 2019 12:00am

Lahore admin remains on high alert after torrential rain

The district administration Lahore along with other allied agencies remained on high alert after torrential rain in the provincial capital on Wednesday. Deputy Commissioner Lahore Saleha Saeed activated all departments to make pre and post-rain arrangemen

Published 18 Apr, 2019 12:00am

By-polls on deputy mayor's seat today

The council of Karachi Metropolitan Corporation (KMC) is all set to choose its Deputy Mayor - one of the key positions in the local bodies setup as by-polls are scheduled for Thursday (today) at civic body's head office - old KMC building. A KMC spokesman

Published 18 Apr, 2019 12:00am

Mastung bus accident: Funeral prayers of 13 victims offered

The funeral prayers of 13 people who lost their lives in Mastung road crash were offered on Wednesday. A day earlier, 13 people including two women, two children were killed and 18 others were wounded as a passenger van collided with an over speeding truc

Published 18 Apr, 2019 12:00am

Sindh Assembly business marred by opposition, speaker's verbal clash

Opposition and Speaker, Aga Siraj Durrani on Wednesday clashed verbally, as the noisy protest again struck the Sindh Assembly proceedings. The opposition parties after PTI's Khurrum Sher Zaman Khan and the Speaker remonstrated, as Aga Siraj Durrani denied

Published 18 Apr, 2019 12:00am

Cost of BRT Red Line project increases by 12 billion to Rs 77.597 billion

The total cost of Bus Rapid Transit (BRT) Red Line project in Karachi jumped to Rs77.597 billion, registering the whopping increase of Rs12 billion to its original cost, estimated at Rs65.589 billion. According to official documents, the modified PC-1 of

Published 18 Apr, 2019 12:00am

49 die in current rain spell across country: NDMA

At least 49 people died and 176 people got injured as a result of current rain spell across the country, National Disaster Management Authority (NDMA) said. According to the NDMA, 15 people died in Punjab, 18 in Khyber Pakhtunkhwa (KPK), 11 in Balochistan

Published 18 Apr, 2019 12:00am

Over 123,000 Pakistanis deported from various countries: FIA

A total of 123,093 Pakistanis were deported from different countries in 2017 due to various reasons, the Federal Investigation Agency (FIA) said on Wednesday, revealing that 93,736 were deported from Saudi Arabia alone and 10,393 from the United Arab Emir

Published 18 Apr, 2019 12:00am

Attack on 18th Amendment highly inappropriate: Pasha

Renowned economist and former Minister for Finance, Dr Hafiz A Pasha has said that the recent attack on 18th Constitutional Amendment is highly inappropriate. He was addressing a pre-budget meeting and launch of the book 'Growth & Inequality in Pakistan'

Published 18 Apr, 2019 12:00am

PM directs KE to reduce time period for new connections

Prime Minister Imran Khan on Wednesday directed K-Electric to reduce time period of providing new electricity connections to one month. The PM said this while chairing a meeting to review progress on 'Ease of Doing Business Strategy 2018-21'. The meeting

Published 18 Apr, 2019 12:00am

Zardari polo case: IHC to resume hearing of NAB plea against court's verdict

The Islamabad High Court (IHC) will resume hearing of appeal of National Accountability Bureau (NAB) against trial court's verdict for acquitting the PPP Co-Chairman Asif Ali Zardari in two references pertaining to polo ground and Ursus tractors.

Published 18 Apr, 2019 12:00am

Private schools' fees: SC advises owners to lobby for changing law

The Supreme Court has advised the private schools owners that instead of filing cases in the court, they should lobby with the legislators regarding increase in 5% cap defined in the provincial laws. Chief Justice Asif Saeed Khan Khosa said that weight be

Published 18 Apr, 2019 12:00am

Efforts on to make historic reforms in FO: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that the government is making efforts to bring historic reforms in the Foreign Office with a view to make it more proactive institution. The foreign minister was speaking at an event in the Foreign Office to

Published 18 Apr, 2019 12:00am

Currency

Dastgir asks reasons of export decline even after rupee depreciation

Former Commerce Minister, Khurram Dastgir Khan on Wednesday queried the reasons behind the decline in exports. "I want to ask my successor (Abdul Razak Dawood) the reasons for just 0.2 per cent growth in exports despite 30 per cent rupee depreciation, as

Published 18 Apr, 2019 12:00am

The economic mess and Asad Umar

According to finance minister Asad Umar, policy-level agreement has been reached with the International Monetary Fund (IMF) but details of the package estimated at between $ 6 billion to $ 8 billion, would be finalised when the mission visits Pakistan dur

Published 18 Apr, 2019 12:00am

Companies warn Trump: Census citizenship question could be costly

An array of the US companies have told the Trump administration that a citizenship question on the 2020 Census would harm business if it leads to an undercount of immigrants, undermining the data they use to place stores, plan inventory and plot ad campai

Published 18 Apr, 2019 12:00am

Cotton

'White gold' under black shadows

Textile sector of Pakistan is facing many internal and external challenges including energy affordability and availability, current account deficit, shortage of raw material, credit availability, lack of institutional support, infrastructure constraints,

Published 18 Apr, 2019 12:00am

Corruption versus competence debate

Atif Mian, the deposed member of the Economic Advisory Council, won't let us forget him. He keeps twittering his views on a range of subjects that have a topical interest for us, from industrial policy to issues of growth and inequality to incompetence.

Published 18 Apr, 2019 12:00am

NAB's action and retraction

Its way of work often times leads the National Accountability Bureau (NAB) into awkward situations, like its recent decision to send its people to serve summonses on Shahbaz Sharif's wife Nusrat and two daughters regarding an investigation into an alleged

Updated 19 Apr, 2019 06:25am

75 to 80 percent raise in gas price?

Chairperson Oil and Gas Regulatory Authority (Ogra) Uzma Adil while speaking at a public hearing stated that gas prices would have to be 'inevitably' raised by between 75 to 80 percent from next fiscal year commencing 1 July 2019 adding that gas prices ha

Updated 19 Apr, 2019 06:26am

Government mulling using indigenous coal, iron ore to run PSM

The federal government is considering using Thar coal and iron ore of Balochistan and Chinniot (Punjab) to run Pakistan Steel Mills (PSM) aimed at making its products internationally competitive, well-informed sources in Ministry of Industries and Product

Published 18 Apr, 2019 12:00am

Government mulling using indigenous coal, iron ore to run PSM

The federal government is considering using Thar coal and iron ore of Balochistan and Chinniot (Punjab) to run Pakistan Steel Mills (PSM) aimed at making its products internationally competitive, well-informed sources in Ministry of Industries and Product

Published 18 Apr, 2019 12:00am

Government mulling using indigenous coal, iron ore to run PSM

The federal government is considering using Thar coal and iron ore of Balochistan and Chinniot (Punjab) to run Pakistan Steel Mills (PSM) aimed at making its products internationally competitive, well-informed sources in Ministry of Industries and Product

Published 18 Apr, 2019 12:00am

Implementation of terms: Taliban relying more on China than Pakistan: former envoy

Former Ambassador of Pakistan to Afghanistan Rustam Shah Mohmand has said that Taliban are relying more on China than Pakistan as former is one of the world's biggest economies and can stand up to the United States to defend its position in an effective a

Published 18 Apr, 2019 12:00am

Implementation of terms: Taliban relying more on China than Pakistan: former envoy

Former Ambassador of Pakistan to Afghanistan Rustam Shah Mohmand has said that Taliban are relying more on China than Pakistan as former is one of the world's biggest economies and can stand up to the United States to defend its position in an effective a

Published 18 Apr, 2019 12:00am

Imran among Time's 100 most influential people

Prime Minister Imran Khan has been named among the '100 Most Influential People' of 2019 by Time magazine. The list, unveiled on Wednesday, has chosen the "influential people" under four categories: leaders, pioneers, artists, icons and titans. Journalist

Published 18 Apr, 2019 12:00am

Imran among Time's 100 most influential people

Prime Minister Imran Khan has been named among the '100 Most Influential People' of 2019 by Time magazine. The list, unveiled on Wednesday, has chosen the "influential people" under four categories: leaders, pioneers, artists, icons and titans. Journalist

Published 18 Apr, 2019 12:00am

SBP clarification

Some news are circulating on social media regarding government plans to introduce Treasury Single Account (TSA). While the proposal to introduce TSA is being examined by the Government of Pakistan in consultation with SBP as part of its agenda to reform p

Published 18 Apr, 2019 12:00am

SBP clarification

Some news are circulating on social media regarding government plans to introduce Treasury Single Account (TSA). While the proposal to introduce TSA is being examined by the Government of Pakistan in consultation with SBP as part of its agenda to reform p

Published 18 Apr, 2019 12:00am

SBP clarification

Some news are circulating on social media regarding government plans to introduce Treasury Single Account (TSA). While the proposal to introduce TSA is being examined by the Government of Pakistan in consultation with SBP as part of its agenda to reform p

Published 18 Apr, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	155.61
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.27
Euro to USD / Nov 15	1.06

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,906.50
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,861.33
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,065.30
Dow Jones / Nov 15	43,602
Germany DAX 30 / Nov 15	19,211.48

Item	Value
Gold 10 Grams PKR / Nov 14	232,340
Petrol/Litre / Nov 15	248.38
Crude Oil USD/Barrel / Nov 15	67.86
Karachi Cotton PKR/37.32 KG / Nov 15	18,085
Gold Spot USD/Ounce / Nov 15	2,567.71
Diesel/Litre / Nov 15	255.14

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	61.35 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.03 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	61.35 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.03 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	177,393,273 ▲ 0.00
Hascol Petrol / Nov 15 Hascol Petroleum Limited(HASCOL)	59,224,094 ▲ 0.00
Treet Battery / Nov 15 Treet Battery Limited(TBL)	47,940,702 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	42,748,255 ▲ 0.00
Cnergyico PK / Nov 15 Cnergyico PK Limited(CNERGY)	32,665,062 ▲ 0.00
TPL Properties / Nov 15 TPL Properties Limited(TPLP)	30,497,881 ▲ 0.00
Treet Corp / Nov 15 Treet Corporation Limited(TREET)	29,734,104 ▲ 0.00
Telecard Limited / Nov 15 Telecard Limited(TELE)	29,162,423 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	27,309,247 ▲ 0.00

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