News Archives for Print - 2019-04-30

Punjab Assembly passes resolution to condemn blasphemous remarks

The Punjab Assembly on Monday unanimously passed a resolution presented by Hafiz Ammar Yasir to condemn blasphemous remarks on social media. The House also condemned the use of blasphemous language purportedly found in the syllabus of O level. Punjab Asse

Published 30 Apr, 2019 12:00am

Interim bails extended to May 15

The Islamabad High Court (IHC) on Monday extended interim bail granted to former President Asif Ali Zardari and his sister Faryal Talpur till May 15 in the fake bank accounts case. A division bench of the IHC, comprising Justice Aamer Farooq and Justice M

Published 30 Apr, 2019 12:00am

Interim bails extended to May 15

The Islamabad High Court (IHC) on Monday extended interim bail granted to former President Asif Ali Zardari and his sister Faryal Talpur till May 15 in the fake bank accounts case. A division bench of the IHC, comprising Justice Aamer Farooq and Justice M

Published 30 Apr, 2019 12:00am

BRIndex100 edges down

Pakistan Stock Exchange Monday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 18.25 points or 0.47 percent to close at 3,895.18 points. BRIndex100 touched intraday high of 3,955.04 and intraday low of 3,888.02 points. Volumes

Published 30 Apr, 2019 12:00am

BRIndex100 edges down

Pakistan Stock Exchange Monday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 18.25 points or 0.47 percent to close at 3,895.18 points. BRIndex100 touched intraday high of 3,955.04 and intraday low of 3,888.02 points. Volumes

Published 30 Apr, 2019 12:00am

BRIndex100 edges down

Pakistan Stock Exchange Monday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 18.25 points or 0.47 percent to close at 3,895.18 points. BRIndex100 touched intraday high of 3,955.04 and intraday low of 3,888.02 points. Volumes

Published 30 Apr, 2019 12:00am

PTM issued stern warning

Pakistan Army on Monday warned Pashtun Tahafuz Movement (PTM) of a possible action, saying that the group has received funds from Indian and Afghan intelligence agencies for pursuing its campaign. Director General Inter-Services Public Relations (ISPR) Ma

Published 30 Apr, 2019 12:00am

PTM issued stern warning

Pakistan Army on Monday warned Pashtun Tahafuz Movement (PTM) of a possible action, saying that the group has received funds from Indian and Afghan intelligence agencies for pursuing its campaign. Director General Inter-Services Public Relations (ISPR) Ma

Published 30 Apr, 2019 12:00am

CM slams ineffective arrangements of cleanliness

Punjab Chief Minister Sardar Usman Buzdar on Monday showed his displeasure over ineffective arrangements of cleanliness in Lahore and other big cities, and directed concerned departments to improve their performance. While presiding over a meeting, held h

Published 30 Apr, 2019 12:00am

Human Organs Transplantation Act: LHC seeks reply from health department

The Lahore High Court (LHC) on Monday sought reply from the health department Punjab on a petition challenging rules regarding transplantation of human organs. The petitioner, Naeem Siddique, pleaded that the provincial health department's rules were not

Published 30 Apr, 2019 12:00am

Afghanistan: Wells lauds Pakistan's efforts for promoting peace, stability

A US delegation, led by US Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, Ambassador Alice Wells, called on Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh. The matters pertain

Published 30 Apr, 2019 12:00am

Caricatures contest in Holland: MYC urges Muslim world to work out common line of action

The Milli Yakjehti Council (MYC) has stressed upon the Muslim world to work out a common line of action to stop profane caricatures contest in Holland. A meeting of the MYC held at Mansoora with its Secretary General Liaqat Baloch in the chair, also sugge

Published 30 Apr, 2019 12:00am

Pakistan for early convening of next TIFA round

Pakistan has sought an intensified engagement with the United States in the economic and trade cooperation, emphasising the need for early convening of next round of Trade and Investment Framework Agreement (TIFA).

Published 30 Apr, 2019 12:00am

Pakistan for early convening of next TIFA round

Pakistan has sought an intensified engagement with the United States in the economic and trade cooperation, emphasising the need for early convening of next round of Trade and Investment Framework Agreement (TIFA).

Published 30 Apr, 2019 12:00am

Pakistan for early convening of next TIFA round

Pakistan has sought an intensified engagement with the United States in the economic and trade cooperation, emphasising the need for early convening of next round of Trade and Investment Framework Agreement (TIFA).

Published 30 Apr, 2019 12:00am

Suzuki still struggling to get Greenfield status

M/s Suzuki Motors Company Limited is still struggling to get Greenfield status against estimated investment of $ 460 million, well informed sources told Business Recorder. Recently two senior diplomats of Japanese embassy in Islamabad met with seni

Published 30 Apr, 2019 12:00am

Suzuki still struggling to get Greenfield status

M/s Suzuki Motors Company Limited is still struggling to get Greenfield status against estimated investment of $ 460 million, well informed sources told Business Recorder. Recently two senior diplomats of Japanese embassy in Islamabad met with seni

Published 30 Apr, 2019 12:00am

Suzuki still struggling to get Greenfield status

M/s Suzuki Motors Company Limited is still struggling to get Greenfield status against estimated investment of $ 460 million, well informed sources told Business Recorder. Recently two senior diplomats of Japanese embassy in Islamabad met with seni

Published 30 Apr, 2019 12:00am

Ogra recommends 15 percent increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended the federal government to increase prices of all petroleum products up to 15 percent for the month of May. In the wake of increasing prices of crude oil globally, the oil and gas regulator has ca

Published 30 Apr, 2019 12:00am

Ogra recommends 15 percent increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended the federal government to increase prices of all petroleum products up to 15 percent for the month of May. In the wake of increasing prices of crude oil globally, the oil and gas regulator has ca

Published 30 Apr, 2019 12:00am

Ogra recommends 15 percent increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended the federal government to increase prices of all petroleum products up to 15 percent for the month of May. In the wake of increasing prices of crude oil globally, the oil and gas regulator has ca

Published 30 Apr, 2019 12:00am

PM's five-point roadmap: World Bank, IMF respond to Questionnaire

The World Bank (WB) works on projects at the request of the government of Pakistan - aligned with the Annual Development Plans and are designed to demonstrate poverty reduction and climate co-benefits. This was stated by the World Bank in response to a qu

Published 30 Apr, 2019 12:00am

PM's five-point roadmap: World Bank, IMF respond to Questionnaire

The World Bank (WB) works on projects at the request of the government of Pakistan - aligned with the Annual Development Plans and are designed to demonstrate poverty reduction and climate co-benefits. This was stated by the World Bank in response to a qu

Published 30 Apr, 2019 12:00am

PM''s five-point roadmap: World Bank, IMF respond to Questionnaire

The World Bank (WB) works on projects at the request of the government of Pakistan - aligned with the Annual Development Plans and are designed to demonstrate poverty reduction and climate co-benefits. This was stated by the World Bank in response to a qu

Published 30 Apr, 2019 12:00am

IMF mission in Pakistan

International Monetary Fund (IMF) staff mission arrived in Pakistan on Monday and detailed discussions on the precise time-bound prior and during programme conditions based on shared data have begun. Prime Minister Imran Khan met with the IMF Managing Dir

Updated 30 Apr, 2019 06:40am

Before it happens

The battle lines for another military conflict in the Middle East seem to have been drawn. In case Washington perseveres in its call for regime change in Iran, the Islamic republic will effectively respond, both militarily and politically. This is no secr

Updated 30 Apr, 2019 06:40am

IMF returns

Finally and belatedly an IMF staff mission has arrived in Pakistan. This is after a gap of five months. The last time a mission was here was in November 2018. During the intervening period, there has been considerable vacillation by the government as to w

Published 30 Apr, 2019 12:00am

Dispute resolution through employment of digital technologies - I

Technology, especially digital technology is progressing at a breakneck speed. Normally we tend to assume that not much has happened in the last decade or so. But stupendous changes have indeed taken place, particularly in the field of communication techn

Published 30 Apr, 2019 12:00am

PTI govt says it is on the road to major change

Something very significant is under way in Pakistan, the government in Islamabad would like you to believe. A small group of foreign journalists, Reuters correspondents included, was given Pakistan's new narrative by Prime Minister Imran Khan, its army ch

Published 30 Apr, 2019 12:00am

India's nefarious designs in relation to CPEC

Ahead of the signing of the second phase of China-Pakistan Free Trade Agreement (CPFTA) and prime minister Imran Khan's participation in Belt and Road Forum, Chinese foreign minister Wang Yi had said that China Pakistan Economic Corridor (CPEC), multi-bil

Published 30 Apr, 2019 12:00am

Ramazan: Cabinet to consider closure of industries' one shift today

The federal government has considered the option to close one shift of industrial sector during Ramazan aimed at ensuring power supply at the time of Sahar, Iftar and Taraweigh, well-informed sources told Business Recorder.

Published 30 Apr, 2019 12:00am

Man shot dead, one injured in Lyari

A man was shot dead while another injured by unknown men in firing incident in Lyari, in the jurisdiction of Kalakot police station. The victims were identified as Muhammad Siddiq, son of Muhammad Ghani and Muhammad Ayaz, son of Abdul Sattar. Meanwhile, S

Published 30 Apr, 2019 12:00am

Senate passes 'The Child Marriage Restraint (Amendment) Bill, 2018'

The Senate on Monday passed 'The Child Marriage Restraint (Amendment) Bill, 2018,' seeking amendment in the Child Marriage Restraint Act of 1929, defining child as a person who is under 18 years of age and criminalising the underage weddings.

Published 30 Apr, 2019 12:00am

Interior Minister optimistic: 'security issues, economic challenges to improve soon'

Interior Minister Brigadier Ijaz Ahmed Shah (retd) has said the country is facing many challenges including security issues and economic challenges, but he is optimistic that the situation would improve soon. Shah said this while talking to media persons

Published 30 Apr, 2019 12:00am

Zardari's plea on Park Lanes pact: SHC issues notices to respondents

Sindh High Court (SHC) on Monday issued notices to respondents including Park Lane Estate, Parthenon and others in a suit filed by former President Asif Ali Zardari, in which he disassociated himself from the Park Lanes and pleaded the agreement between t

Published 30 Apr, 2019 12:00am

Arbab, Asma Alamgir appear before AC

Former federal minister and Pakistan People's Party (PPP) Central leader, Arbab Alamgir Khan and his wife Asma Alagmir on Monday appeared before the accountability court in corruption case. According to details, a Peshawar accountability court adjourned a

Published 30 Apr, 2019 12:00am

Bank holiday

The State Bank of Pakistan and all banks will remain closed on May 1, 2019 (Wednesday) on the occasion of 'Labour Day' as declared by the Government of Pakistan.

Published 30 Apr, 2019 12:00am

Government needs to review its fiscal policy: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari Monday said that the government needs to review its fiscal policy, adding Pakistan Tehreek-e-Insaf government (PTI) needs to learn from the PPP government as how it had provided relief to the ma

Published 30 Apr, 2019 12:00am

NAB to file reference against MQM-P leader, others

National Accountability Bureau (NAB) Monday has decided to file a reference against senior leader of Muttahida Qaumi Movement-Pakistan (MQM-P) and former Sindh minister for industries and commerce Muhammad Abdur Rauf Siddiqui and others for their alleged

Published 30 Apr, 2019 12:00am

FY19 Budget: Rs 20 million earmarked to pick up cost of remittances

The government allocated Rs 20 million in the budget for 2018-19 to pick up the transaction cost of remittances with the objective of facilitating overseas Pakistanis to remit money through formal channels under Pakistan Remittance Imitative (PRI).

Published 30 Apr, 2019 12:00am

Public holiday on May 1

The Sindh Government Monday announced May 1, as public holiday throughout Sindh on the occasion of Labor Day. The holiday is declared for all government offices, autonomous, semi-autonomous bodies, corporation and local councils under the administrative c

Published 30 Apr, 2019 12:00am

Senate passes 'The Banking Companies (Amendment) Bill, 2018'

The Senate has passed 'The Banking Companies (Amendment) Bill, 2018,' which is aimed at deleting section 27B that places fetters on the functioning of trade unions in banking organisations. According to statement of objects and reasons, the section 27B vi

Published 30 Apr, 2019 12:00am

Federation, provinces making progress towards single GST

The federation and provinces are making progress towards a landmark measure to facilitate taxpayers for introducing a single and unified sales tax return for both goods and services. On the conclusion of a meeting of National Assembly Standing Committee o

Published 30 Apr, 2019 12:00am

IMF terms, NAP, price hike: PML-N urges PM to take Parliament into confidence

Pakistan Muslim League-Nawaz (PML-N) has urged Prime Minister Imran Khan to take the Parliament into confidence on conditionalities of International Monitory Fund (IMF), implementation on National Action Plan (NAP) and rising prices of medicines, gas and

Published 30 Apr, 2019 12:00am

FPCCI hails FTA Phase-II with China

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai was optimistic that the Chinese investment particularly in the specialized economic zones (SEZs) would expand Pakistan's industrial base and assist divers

Published 30 Apr, 2019 12:00am

'Increase in minimum marriageable age to 18 years against Islamic principles'

Leader of Jamiat-e-Ulema-e-Islam-Fazl (JUI-F) Senator Maulana Abdul Ghafoor Haideri has said that increase in minimum marriageable age to 18 years is against the Islamic principles. While taking to media persons outside the Parliament House here on Monday

Published 30 Apr, 2019 12:00am

Test run of Orange Line Train

A test run of Orange Line Train took place on Monday as the concerned authorities plied the train in between Dera Gujran and Ali Town.

Published 30 Apr, 2019 12:00am

Sindh Assembly informed: work starts on 4500 MW Thar coal power project

A fresh project of $100 million is all set to start in Thar, as work has been started on the next coal block to produce 4500 megawatts of electricity, Provincial Energy Minister, Imtiaz Shaikh told the Sindh Assembly on Monday.

Published 30 Apr, 2019 12:00am

Demand to seal Darul Sehat Hospital unlawful: Dr Naveed

Darul Sehat Hospital, the only tertiary healthcare facility for 1.7 million people of Gulistan-e-Jauhar, is registered with all relevant authorities and associations as required by law. Dr Naveed Rashid, principal, College of Dentistry, Liaquat College of

Published 30 Apr, 2019 12:00am

Profiteering before Ramazan increased miseries of people: PIBF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that slated profiteering across the country before the advent of the holy month of Ramazan has added to the miseries of the masses. He said that claim of zero load

Published 30 Apr, 2019 12:00am

Green tea import reduced due to 100 percent L/C margin: PTA

Pakistan Tea Association (PTA) chairman on Monday asked the federal government to reduce 100 percent cash margin on imports of green commodity. "The importers running business on small scale cannot afford to import green tea due to 100 percent Letter of C

Published 30 Apr, 2019 12:00am

PTI government failed to run country: Shahbaz

Slamming the PTI-led government, Pakistan Muslim League-Nawaz (PML-N) leader and opposition leader in the Punjab Assembly Hamza Shahbaz Sharif said on Monday the Pakistan Tehreek-e-Insaf (PTI) government has failed in running the country and addressing is

Published 30 Apr, 2019 12:00am

Allocation of constituencies sought for MPAs on reserved seats

A woman legislator belonging to Pakistan Muslim League Nawaz (PML-N) sought allocation of constituencies for the MPAs on reserved seats to avoid hurdles they face in launching different development works. The demand was made by Hina Pervez Butt through "P

Published 30 Apr, 2019 12:00am

US CG opens innovative agro-based technical facility

The US Consul General, JoAnne Wagner has inaugurated the Electronic Beam (E-Beam) irradiation facility established through support from the United States Agency for International Development (USAID) funded U.S.-Pakistan Partnerships for AMD program. Accor

Published 30 Apr, 2019 12:00am

No plan to lay off any SLIC employee, NA told

Parliamentary Secretary for Commerce Shandana Gulzar on Monday informed the National Assembly that the government is not planning to fire any employee of the State Life Insurance Corporation (SLIC). She said this while responding to a calling attention no

Published 30 Apr, 2019 12:00am

Partly Facetious : 'A watched pot never boils'

"A watched pot never boils."

Published 30 Apr, 2019 12:00am

12 killed, five injured in accident

At least 12 people died while five others sustained injuries when a van rammed into Islamabad Toll Plaza. According to details, a passenger van coming from Sargodha to Islamabad, carrying 17 passengers, hit toll plaza due to over speeding. The van immedia

Published 30 Apr, 2019 12:00am

PTA warns mobile phone operators against increasing tariff

Pakistan Telecommunication Authority will take stern action if any mobile phone company raises tariff without following laid down mechanism, said the PTA chairman. The Senate Standing Committee on Information Technology and Telecommunication Monday observ

Published 30 Apr, 2019 12:00am

'Mainstreaming' of madrasas: Fazl irked by DG ISPR's remarks

Muttahida Majlis-e-Amal (MMA) President Maulana Fazlur Rehman on Monday said that the military spokesman has spoken on the matters which are not the security establishment's domain. Rehman, who is also the chief of Jamiat Ulema-e-Islam (JUI-F), stated tha

Published 30 Apr, 2019 12:00am

NAB chairman presents annual report to President

President Dr Arif Alvi has said that the National Accountability Bureau (NAB) has a pivotal role towards the elimination of corruption from the country. The President said this while talking to Chairman NAB, former Justice Javed Iqbal, who called on him h

Published 30 Apr, 2019 12:00am

Former LHC judge's petition disposed of

The Supreme Court on Monday disposed of former judge of Lahore High Court (LHC) Farrukh Irfan's petition to declare proceedings of Supreme Judicial Council (SJC) unconstitutional, nullity in law and non est since he has resigned.

Published 30 Apr, 2019 12:00am

MoF clarifies

The Ministry of Finance, in response to various news reports to this effect, clarifies that the federal government has neither reduced nor delayed the transfer of funds to any of the provinces. All the provinces have been receiving their share in the fede

Published 30 Apr, 2019 12:00am

10 percent increase in pension: employees retired prior March 1, 1997 entitled to get ad hoc relief: SC

The apex court setting aside the Federal Service Tribunal, Islamabad, judgement held that ad hoc relief of 10% increase granted in pension in 1997 is only admissible to employees who stood retired prior to 01.3.1997. A two-judge bench, comprising Justice

Published 30 Apr, 2019 12:00am

Pakistan required to improve revenue Mobilization

Weaker growth in Pakistan is pulling down the regional aggregate growth rate this year, with large macroeconomic imbalances and ongoing policy adjustment challenges expected to slow the country's growth from 5.2 percent in 2018 to 2.9 percent in 2019. Thi

Published 30 Apr, 2019 12:00am

FBR offices to remain open tomorrow

Federal Board of Revenue (FBR) has issued instructions to all Large Taxpayer Units (LTUs), Corporate Regional Tax Offices (CRTOs) and Regional Tax Offices (RTOs) of FBR to open their offices on 30th April, 2019 and extend working hours till 08:00 pm on Tu

Published 30 Apr, 2019 12:00am

Most Southeast Asian stocks up on strong US and China data

Most Southeast Asian stock markets rose on Monday, in line with broader Asia, as investors cheered upbeat economic data from the United States and China, with Singapore closing at a near 11-month high after DBS Group posted a record quarterly profit.

Published 30 Apr, 2019 12:00am

Message from GM After Sales, Indus Motor Company

Toyota, as a global automotive leader, puts the safety of its customers at the top of its priorities. The import of counterfeit automotive parts is a direct threat to road safety. Our joint pursuit of interdicting import of fake automotive parts with Cust

Published 30 Apr, 2019 12:00am

Message from Managing Director, Samsung Pakistan

Samsung is a global leader in the production of LED TVs, mobile phones and other electronic items. We are also at the forefront of fight against counterfeits. Our objectives include consumer safety and protection. Pakistan Customs' cooperation with Samsun

Published 30 Apr, 2019 12:00am

Message from CEO GlaxoSmithkline

GlaxoSmithkline is a world leader in producing premium health-care products and medicines. Our well-known brands are household names, which cannot be permitted to be compromised through counterfeiting. GlaxoSmithkline and Customs IPR Enforcement have succ

Published 30 Apr, 2019 12:00am

Message from CEO, Reckitt-Benckiser Pakistan

RB Pakistan and Customs IPR Enforcement have consistently worked together over the last two years in eliminating imports of counterfeit insecticides in Pakistan. This partnership has resulted into the provision of genuine insecticides to millions of house

Published 30 Apr, 2019 12:00am

Message from CEO, Unilever Pakistan

Unilever has partnered with Pakistan Customs in curbing imports of counterfeit toiletries and face creams containing substandard and hazardous ingredients. The import of such counterfeits compromise the integrity of reputed brand names, besides cheating p

Published 30 Apr, 2019 12:00am

Message from Director General Customs IPR Enforcement

The Directorate General of Customs IPR (Enforcement) protects genuine trademarks, copyrights, designs and patents in imports and exports. It functions as a single-stop for international and national right-holders to seek remedies against the infringement

Published 30 Apr, 2019 12:00am

Message from Member Customs (Operations) FBR

The role of Pakistan Customs is multi-faceted, ranging from border trade revenues to import and export controls. All these functions are rooted in the term 'trade facilitation', which is synonymous with ease of doing business. Trade facilitation is for tr

Published 30 Apr, 2019 12:00am

Message from Chairman FBR/Secretary, Revenue Division

FBR is committed to dynamic economic growth in Pakistan. This vision would materialize with the expansion of the national manufacturing base and rise in exports. The Directorate General of Customs IPR Enforcement is a part of this trade expansion paradigm

Published 30 Apr, 2019 12:00am

LIST OF WINNING COMPANIES

WINNERS ON OVER ALL EVALUATION

Published 30 Apr, 2019 12:00am

Good weather puts Russia, Ukraine on track for large grain crop

Favourable weather during spring grain sowing in Black Sea producers Russia and Ukraine is increasing the chances of another large grain harvest due to healthy levels of soil moisture, analysts and traders said. Russia, a major global wheat exporter to No

Published 30 Apr, 2019 12:00am

CBOT corn futures higher

Chicago Board of Trade corn futures closed higher on Friday on worries about wet weather in the US Midwest delaying planting and fund-driven short-covering, traders said. CBOT July corn settled up 4 cents at $3.61-1/4 per bushel.

Published 30 Apr, 2019 12:00am

CBOT soyabean futures lower on ample global supplies

Chicago Board of Trade soyabean futures closed lower on Friday on ample US supplies, prospects for big South American harvests and worries about demand from China given ongoing trade negotiations and the spread of a deadly hog disease.

Published 30 Apr, 2019 12:00am

CBOT wheat futures higher on short-covering

Chicago Board of Trade wheat futures ending higher on Friday on short-covering and spillover strength from corn, while K.C. and Minneapolis Grain Exchange futures closed lower. Market anchored by ample domestic and global supplies of old-crop wheat, coupl

Published 30 Apr, 2019 12:00am

Asia's naphtha crack falls

Asia's naphtha crack fell for a third day to end the week at $54.85 a tonne, its lowest since Monday, but spot premiums were slightly higher as buyers emerged for June fuel. South Korea's YNCC bought a cargo for arrival at Yeosu in the first half of June

Published 30 Apr, 2019 12:00am

Vietnam's rice export prices rise for first time in six weeks

Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country's rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs. In Vietnam, rate

Published 30 Apr, 2019 12:00am

Gold demand sparkles in India ahead of festival

Physical gold demand was healthy this week in India in the run up to a key festival and with the wedding season underway, while other top Asian hubs saw steady interest in bullion as global prices recovered from a 2019 low touched earlier this week.

Published 30 Apr, 2019 12:00am

Cotton

Steady trend on cotton market

Steady trend was again witnessed on the cotton market on Monday in process of trading activity, dealers said. The official spot rate was unchanged at Rs 9000 they added. In the ready session, over 5000 bales of cotton changed hands between Rs 8850-9200, t

Published 30 Apr, 2019 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,815. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.802 billion and the number of lots traded 15,602. Major business was contributed by NSDQ100 amoun

Published 30 Apr, 2019 12:00am

Brazil's winter corn crop seen at 68.43 million tonnes

Brazil's 2018/19 second-corn crop, also known as winter corn, is expected to reach a record this season, as favorable weather over all main producing regions boost agricultural yields, a Reuters poll showed on Friday.

Published 30 Apr, 2019 12:00am

Canadian canola futures dip

ICE Canadian canola futures dipped on Friday, pressured by lackluster export and crusher demand and a build-up of commercial supplies. Cool weather in Western Canada delayed planting modestly and may have led farmers to sell some old-crop supplies, a trad

Published 30 Apr, 2019 12:00am

China's iron ore futures fall for fourth day

China's iron ore futures gave up early gains and fell for a fourth session in a row, despite firm demand at steel mills who are ramping up output to cash in fat profits. Weekly utilisation rates at mills across the nation continued to rise this week as of

Published 30 Apr, 2019 12:00am

Vietnam's April coffee exports seen falling

Vietnam's coffee exports are forecast to fall to around two million 60-kg bags in April from 2.87 million bags last month, traders said on Thursday, as farmers are not keen to sell at low prices. "A long holiday from this weekend will also put a break on

Published 30 Apr, 2019 12:00am

Ivory Coast cocoa arrivals seen at 1.841 million tonnes

Cocoa arrivals at ports in top grower Ivory Coast reached 1.841 million tonnes between Oct. 1 and April 28, exporters estimated on Monday, up about 14 percent from 1.610 million tonnes during the same period last season. Ivory Coast's 2018/19 October-to-M

Published 30 Apr, 2019 12:00am

European gasoline margins fall but hold eight-month high

Northwest European gasoline refining margins declined slightly on Monday but held near an eight-month high as exports from the region continued. Gasoline exports from the region rose in recent days thanks to an open arbitrage to the US East Coast, traders

Published 30 Apr, 2019 12:00am

Brazilian sugar output falls to 52 percent

Sugar production in Brazil's center-south region fell 52 percent in the first two weeks of the new season compared with the same period in the previous crop, as rains disrupted processing and mills delayed operations, industry group Unica said on Thursday

Published 30 Apr, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 178,337 tonnes of cargo comprising 112,688 tonnes of import cargo and 65,649 tonnes of export cargo including 5,340 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 11

Published 30 Apr, 2019 12:00am

Indonesia's March palm oil output, exports seen higher

Indonesia's palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey. Palm oil output in top producer Indonesia was seen rising

Published 30 Apr, 2019 12:00am

Russian wheat prices fall ahead of new crop

Russian wheat export prices fell further last week with brighter prospects for the upcoming 2019 crop and low trade activity ahead of Russia's long May holiday, analysts said on Monday. Favourable weather during spring grain sowing in Black Sea producers

Published 30 Apr, 2019 12:00am

Profit-taking hits UAE markets, Saudi index rises

Abu Dhabi's stock market slid on Monday, affected by profit-taking and a sell-off in its financial shares, while Saudi Arabia was the only major Gulf market to rise. The Abu Dhabi index lost 0.9 percent in its fourth straight day of declines, with energy

Published 30 Apr, 2019 12:00am

Hong Kong stocks climb

Hong Kong stocks ended higher on Monday, tracking gains in other Asian markets, after strong US first-quarter economic growth and data showing profits at Chinese industrial firms grew for the first time in four months. The Hang Seng index rose 1.0 percent

Published 30 Apr, 2019 12:00am

Australian shares down; New Zealand up

Australian shares ended lower on Monday after losses in financial stocks pulled the benchmark down from a more than 11-year high as investors remained cautious ahead of bank earnings. The S&P/ASX 200 index closed down 0.4 percent, or 26.10 points, at 6,35

Published 30 Apr, 2019 12:00am

Monday's early afternoon trade: Wall Street climbs as tame inflation data supports dovish Fed

US stocks rose on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve's accommodative stance on interest rates. Hopes of a trade resolution, upbeat earn

Published 30 Apr, 2019 12:00am

Mutual Funds

Cherat Cement Company Limited

Cherat Cement (PSX: CHCC) has been in the business of cement manufacturing since the 1980s like many of its current peers. It has remained one of the smaller cement firms until very recently when new expansion brought its capacity at par with some of the

Published 30 Apr, 2019 12:00am

Currency

Cherat Cement Company Limited

Cherat Cement (PSX: CHCC) has been in the business of cement manufacturing since the 1980s like many of its current peers. It has remained one of the smaller cement firms until very recently when new expansion brought its capacity at par with some of the

Updated 30 Apr, 2019 12:13pm

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.07 ▲ 0.46 (17.62%)
UDL International / May 15 UDL International Limited(UDLI)	8.62 ▲ 1 (13.12%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.71 ▲ 1 (12.97%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Nazir Cotton Mills / May 15 Nazir Cotton Mills Limited(NCML)	14.47 ▲ 1.32 (10.04%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Baba Farid Sugar / May 15 Baba Farid Sugar Mills Limited(BAFS)	52.60 ▼ -5.83 (-9.98%)
Calcorp Ltd / May 15 Calcorp Limited(CASH)	38.02 ▼ -3.95 (-9.41%)
Reliance Weaving / May 15 Reliance Weaving Mills Limited(REWM)	101.01 ▼ -8.94 (-8.13%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.12 ▼ -2.17 (-7.41%)
Dewan Textile / May 15 Dewan Textile Mills Limited(DWTM)	5.71 ▼ -0.45 (-7.31%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.68 ▼ -4.26 (-7.11%)
Olympia Mills / May 15 Olympia Mills Limited(OML)	51.90 ▼ -3.63 (-6.54%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.50 ▼ -11.86 (-5.98%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.80 ▼ -0.54 (-5.78%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,489,038 ▲ 2.55
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,380,772 ▲ 0.43
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,145,898 ▲ 0.18
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,589,668 ▲ 0.17
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,631,988 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,029,396 ▲ 1.07
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,767,580 ▲ 0.36
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,901,924 ▲ 0.13
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,768,796 ▲ 3.84
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,538,333 ▲ 0.03

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