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Archive - 2016-11-03
Pak forex figure $24.189 bn
Top News

Pak forex figure $24.189 bn

KARACHI: Total liquid foreign exchange reserves of the country stand at dollars 24.189 billion, said State Bank of Pakis
Published 03 Nov, 2016 04:55pm
Copper steady, China data underpins market

Copper steady, China data underpins market

Copper was steady on Wednesday, supported by Chinese economic data that pointed to robust demand for industrial metals, balancing pressure from speculators booking profits after a rally this week.
Published 03 Nov, 2016 12:00am
Shanghai copper dips

Shanghai copper dips

The most-traded copper contract on the Shanghai Futures Exchange dipped 0.1 percent to 38,570 yuan ($5,701) a tonne on Wednesday after finding day-long support from Chinese economic data pointing to robust demand for industrial metals.
Published 03 Nov, 2016 12:00am
The worsening external debt situation

The worsening external debt situation

It is quite disturbing to note that the government continues to borrow heavily from external sources to keep foreign exchange reserves high amid growing external debt repayments. According to a report, the federal government has taken dollar 1.8 billion i
Published 03 Nov, 2016 12:00am
Back from the brink

Back from the brink

What roared like a thunder a day before ended in a whimper the night after - that's how one would like to sum up Imran Khan's decision in relation to his campaign to lockdown Islamabad. One may agree, albeit grudgingly, with Interior Minister Chaudhry Nis
Published 03 Nov, 2016 12:00am
The economic managers and regulators

The economic managers and regulators

Pakistan's economic performance has been under scrutiny since the IMF Managing Director's visit early this month. Her press conference with the Finance Minister at the conclusion of her visit captured the essence of our situation. She spelt out a 'moment
Published 03 Nov, 2016 12:00am
Finally, the wheels of justice move

Finally, the wheels of justice move

Bewildered PTI supporters and sympathisers wondered on Tuesday what to make of the party Chairman Imran Khan's decision to call off his Islamabad lockdown plan that he had been pursuing with a bang that, to their minds, ended in a whimper. Also, the PPP a
Published 03 Nov, 2016 12:00am
Lessons from November 3, 2007

Lessons from November 3, 2007

The dictatorial mindset openly and brutally demonstrated by General Pervez Musharraf on November 3, 2007, a dark day in our history, is now surfacing in the actions of an elected regime, the events starting from October 28, 2016 testify to it. Political c
Published 03 Nov, 2016 12:00am
All of them must be thankful to SC

All of them must be thankful to SC

void(0)" onMouseOver="popup(event,'Copyright Business Recorder, 2016

No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indir
Published 03 Nov, 2016 12:00am
Crescent Steel and Allied Products Limited
Cotton

Crescent Steel and Allied Products Limited

Crescent Steel and Allied Products Limited (CSAP) started off as a pipe manufacturing facility in 1987 and has since gone through series of diversification and expansions into four segments: engineering, textiles, capital markets and power. The company is
Published 03 Nov, 2016 12:00am
Crescent Steel and Allied Products Limited
Cotton

Crescent Steel and Allied Products Limited

Crescent Steel and Allied Products Limited (CSAP) started off as a pipe manufacturing facility in 1987 and has since gone through series of diversification and expansions into four segments: engineering, textiles, capital markets and power. The company is
Published 03 Nov, 2016 12:00am
All eyes on Supreme Court: Rashid

All eyes on Supreme Court: Rashid

Chief of the Awami Muslim League (AML) and a strong loyalist of Pakistan Tehreek-i-Insaf (PTI) Sheikh Rashid on Wednesday said that Prime Minister Nawaz Sharif was badly trapped in the infamous Panamgate case.
Published 03 Nov, 2016 12:00am
PML-N leader moves Supreme Court against Imran and Tareen

PML-N leader moves Supreme Court against Imran and Tareen

The Supreme Court was urged on Wednesday to issue directives to the Election Commission of Pakistan (ECP) for disqualification of Pakistan Tehreek-e-Insaf Chief Imran Khan and Secretary General Jahangir Khan Tareen from Parliament for allegedly evading ta
Published 03 Nov, 2016 12:00am
Govt and Opp should have agreed to TORs earlier: Gilani

Govt and Opp should have agreed to TORs earlier: Gilani

Former premier Syed Yousuf Raza Gilani has said that the PPP had advised the government and Pakistan Tehreek-e-Insaf (PTI) to agree to the Terms of Reference (TORs) of the investigation of Panama Leaks.
Published 03 Nov, 2016 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 03 Nov, 2016 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 03 Nov, 2016 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 Wednesday (November 02, 2016).

Published 03 Nov, 2016 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 Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 02, 2016).
Published 03 Nov, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
K-Electric divestment deal: Ministry still in the dark

K-Electric divestment deal: Ministry still in the dark

Ministry of Water and Power is reportedly still in the dark on the agreement signed between the Abraaj Group and Shanghai Electric Power (SEP) of China to acquire 66.4 percent stake in K-Electric for $1.77 billion.
Published 03 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
K-Electric divestment deal: Ministry still in the dark

K-Electric divestment deal: Ministry still in the dark

Ministry of Water and Power is reportedly still in the dark on the agreement signed between the Abraaj Group and Shanghai Electric Power (SEP) of China to acquire 66.4 percent stake in K-Electric for $1.77 billion.
Published 03 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
K-Electric divestment deal: Ministry still in the dark

K-Electric divestment deal: Ministry still in the dark

Ministry of Water and Power is reportedly still in the dark on the agreement signed between the Abraaj Group and Shanghai Electric Power (SEP) of China to acquire 66.4 percent stake in K-Electric for $1.77 billion.
Published 03 Nov, 2016 12:00am
Fed holds rates steady, sets stage for December hike

Fed holds rates steady, sets stage for December hike

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signalled it could hike in December as the economy gathers momentum and inflation picks up.
Published 03 Nov, 2016 12:00am
Fed holds rates steady, sets stage for December hike

Fed holds rates steady, sets stage for December hike

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signalled it could hike in December as the economy gathers momentum and inflation picks up.
Published 03 Nov, 2016 12:00am
Fed holds rates steady, sets stage for December hike

Fed holds rates steady, sets stage for December hike

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signalled it could hike in December as the economy gathers momentum and inflation picks up.
Published 03 Nov, 2016 12:00am
PTI puts up highly impressive show

PTI puts up highly impressive show

Addressing a mammoth rally at Democracy Park, organised as a "thanksgiving day" in the wake of Supreme Court's decision to pursue the case of the Panama leaks, Pakistan Tehrik-e-Insaf chairman Imran Khan said: "I'm optimistic the dark nights under the Sha
Published 03 Nov, 2016 12:00am
PTI puts up highly impressive show

PTI puts up highly impressive show

Addressing a mammoth rally at Democracy Park, organised as a "thanksgiving day" in the wake of Supreme Court's decision to pursue the case of the Panama leaks, Pakistan Tehrik-e-Insaf chairman Imran Khan said: "I'm optimistic the dark nights under the Sha
Published 03 Nov, 2016 12:00am
Another network of Indian spies unearthed

Another network of Indian spies unearthed

Pakistan is likely to expel five Indian diplomats after intelligence agencies unearthed an Indian terror network 'Agni Hotri' run by its Research and Analysis Wing (RAW) for launching terror activities inside the country, it was learnt.
Published 03 Nov, 2016 12:00am
Another network of Indian spies unearthed

Another network of Indian spies unearthed

Pakistan is likely to expel five Indian diplomats after intelligence agencies unearthed an Indian terror network 'Agni Hotri' run by its Research and Analysis Wing (RAW) for launching terror activities inside the country, it was learnt.
Published 03 Nov, 2016 12:00am
Kashmir schools shut down

Kashmir schools shut down

Hundreds of schools were ordered to close indefinitely in occupied Kashmir Wednesday after shelling by Indian and Pakistani troops in two days. Authorities on the Indian-held side Kashmir said nearly 300 schools had been ordered to close from Wednesday mo
Published 03 Nov, 2016 12:00am
Kashmir schools shut down

Kashmir schools shut down

Hundreds of schools were ordered to close indefinitely in occupied Kashmir Wednesday after shelling by Indian and Pakistani troops in two days. Authorities on the Indian-held side Kashmir said nearly 300 schools had been ordered to close from Wednesday mo
Published 03 Nov, 2016 12:00am
Nokia completes Alcatel-Lucent acquisition

Nokia completes Alcatel-Lucent acquisition

Finnish telecoms giant Nokia on Wednesday said it had finalised its acquisition of former French-American rival Alcatel-Lucent. Nokia, the world's number one mobile phone maker for more than a decade until 2012, had struck a deal to buy the other firm in
Published 03 Nov, 2016 12:00am
Nokia completes Alcatel-Lucent acquisition

Nokia completes Alcatel-Lucent acquisition

Finnish telecoms giant Nokia on Wednesday said it had finalised its acquisition of former French-American rival Alcatel-Lucent. Nokia, the world's number one mobile phone maker for more than a decade until 2012, had struck a deal to buy the other firm in
Published 03 Nov, 2016 12:00am
Nokia completes Alcatel-Lucent acquisition

Nokia completes Alcatel-Lucent acquisition

Finnish telecoms giant Nokia on Wednesday said it had finalised its acquisition of former French-American rival Alcatel-Lucent. Nokia, the world''s number one mobile phone maker for more than a decade until 2012, had struck a deal to buy the other firm in
Published 03 Nov, 2016 12:00am
Index hits new record high

Index hits new record high

A bullish trend continued on the Pakistan Stock Exchange (PSX) on the back of fresh buying by local and foreign investors. The benchmark KSE-100 index Wednesday surged by 442.88 points to close at highest-ever level of 41,742.75 points.
Published 03 Nov, 2016 12:00am
Index hits new record high

Index hits new record high

A bullish trend continued on the Pakistan Stock Exchange (PSX) on the back of fresh buying by local and foreign investors. The benchmark KSE-100 index Wednesday surged by 442.88 points to close at highest-ever level of 41,742.75 points.
Published 03 Nov, 2016 12:00am
Index hits new record high

Index hits new record high

A bullish trend continued on the Pakistan Stock Exchange (PSX) on the back of fresh buying by local and foreign investors. The benchmark KSE-100 index Wednesday surged by 442.88 points to close at highest-ever level of 41,742.75 points.
Published 03 Nov, 2016 12:00am
BRIndex30 gains 115.81 points

BRIndex30 gains 115.81 points

On Wednesday, BRIndex30 opened at 23,691.88 points. It touched an intraday high of 24,027.30 points and an intraday low of 23,667.13 points and closed at 23,807.69 points which was 115.81 points or 0.49 percent higher than previous close. Total volume was
Published 03 Nov, 2016 12:00am
BRIndex30 gains 115.81 points

BRIndex30 gains 115.81 points

On Wednesday, BRIndex30 opened at 23,691.88 points. It touched an intraday high of 24,027.30 points and an intraday low of 23,667.13 points and closed at 23,807.69 points which was 115.81 points or 0.49 percent higher than previous close. Total volume was
Published 03 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Nov, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 03 Nov, 2016 12:00am
ECP suspends hearing of references against Prime Minister

ECP suspends hearing of references against Prime Minister

Election Commission of Pakistan (ECP) suspended the disqualification reference against the Prime Minister until the Supreme Court decides the matter while it issued notices to Imran Khan and Jehangir Tarin on the disqualification references filed against
Published 03 Nov, 2016 12:00am
Board Meetings
Cotton

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Nov, 2016 12:00am
ECP suspends hearing of references against Prime Minister

ECP suspends hearing of references against Prime Minister

Election Commission of Pakistan (ECP) suspended the disqualification reference against the Prime Minister until the Supreme Court decides the matter while it issued notices to Imran Khan and Jehangir Tarin on the disqualification references filed against
Published 03 Nov, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Nov, 2016 12:00am
Clinton and Trump begin final pitch for American votes

Clinton and Trump begin final pitch for American votes

Hillary Clinton and Donald Trump sprinted from swing state to swing state in a fight for the last few unclaimed votes Wednesday, six days out from an election that has set the world on edge.
Published 03 Nov, 2016 12:00am
Clinton and Trump begin final pitch for American votes

Clinton and Trump begin final pitch for American votes

Hillary Clinton and Donald Trump sprinted from swing state to swing state in a fight for the last few unclaimed votes Wednesday, six days out from an election that has set the world on edge.
Published 03 Nov, 2016 12:00am
ECC approves utilization of CPPs' capacity sans payment

ECC approves utilization of CPPs' capacity sans payment

The Economic Coordination Committee (ECC) of the Cabinet has approved short-term utilization of available capacity of Captive Power Plants (CPPs) without any capacity payment, official sources told Business Recorder.
Published 03 Nov, 2016 12:00am
ECC approves utilization of CPPs' capacity sans payment

ECC approves utilization of CPPs' capacity sans payment

The Economic Coordination Committee (ECC) of the Cabinet has approved short-term utilization of available capacity of Captive Power Plants (CPPs) without any capacity payment, official sources told Business Recorder.
Published 03 Nov, 2016 12:00am
ECC approves utilization of CPPs'' capacity sans payment

ECC approves utilization of CPPs'' capacity sans payment

The Economic Coordination Committee (ECC) of the Cabinet has approved short-term utilization of available capacity of Captive Power Plants (CPPs) without any capacity payment, official sources told Business Recorder.
Published 03 Nov, 2016 12:00am
Saudi in rare flogging of prince

Saudi in rare flogging of prince

Saudi Arabia has flogged a prince convicted in a criminal case, a newspaper reported Wednesday, two weeks after another was executed for murder in rare punishment of the country's royalty. The unnamed prince was lashed along with other convicts in a priso
Published 03 Nov, 2016 12:00am
Many more feared dead: toll rises to 18 in Gadani oil tanker fire

Many more feared dead: toll rises to 18 in Gadani oil tanker fire

Fire-fighters were battling on Wednesday to douse a fire still raging more than a day after a series of explosions on a decommissioned oil tanker, with the death toll rising to 18, and more than 20 workers missing, officials said.
Published 03 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
Many more feared dead: toll rises to 18 in Gadani oil tanker fire

Many more feared dead: toll rises to 18 in Gadani oil tanker fire

Fire-fighters were battling on Wednesday to douse a fire still raging more than a day after a series of explosions on a decommissioned oil tanker, with the death toll rising to 18, and more than 20 workers missing, officials said.
Published 03 Nov, 2016 12:00am
Turkish foreign minister hits back at 'weak' Iraq PM

Turkish foreign minister hits back at 'weak' Iraq PM

Turkish Foreign Minister Mevlut Cavusoglu denounced Iraqi Prime Minister Haider al-Abadi as "weak" on Wednesday, further escalating tensions after Baghdad warned Ankara about provoking a confrontation through deploying tanks near Iraq.
Published 03 Nov, 2016 12:00am
Turkish foreign minister hits back at 'weak' Iraq PM

Turkish foreign minister hits back at 'weak' Iraq PM

Turkish Foreign Minister Mevlut Cavusoglu denounced Iraqi Prime Minister Haider al-Abadi as "weak" on Wednesday, further escalating tensions after Baghdad warned Ankara about provoking a confrontation through deploying tanks near Iraq.
Published 03 Nov, 2016 12:00am
Higher denomination banknotes: new security features to be added
Currency

Higher denomination banknotes: new security features to be added

In order to avoid counterfeiting, higher denomination banknotes with enhanced security features will be issued in the first quarter of 2017. The designs of the higher denomination banknotes, ie, Rs 500, Rs 1,000 and Rs 5,000 will remain unchanged; however
Published 03 Nov, 2016 12:00am
Higher denomination banknotes: new security features to be added
Currency

Higher denomination banknotes: new security features to be added

In order to avoid counterfeiting, higher denomination banknotes with enhanced security features will be issued in the first quarter of 2017. The designs of the higher denomination banknotes, ie, Rs 500, Rs 1,000 and Rs 5,000 will remain unchanged; however
Published 03 Nov, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee showed steadier trend against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 03 Nov, 2016 12:00am
Higher denomination banknotes: new security features to be added
Currency

Higher denomination banknotes: new security features to be added

In order to avoid counterfeiting, higher denomination banknotes with enhanced security features will be issued in the first quarter of 2017. The designs of the higher denomination banknotes, ie, Rs 500, Rs 1,000 and Rs 5,000 will remain unchanged; however
Published 03 Nov, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee showed steadier trend against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 03 Nov, 2016 12:00am
China slams EU Commissioner's 'slitty eyes' comment

China slams EU Commissioner's 'slitty eyes' comment

China expressed disdain Wednesday over European Commissioner Guenther Oettinger's use of the term "slitty eyes" to describe Chinese people in a leaked recording of a speech to business leaders.
Published 03 Nov, 2016 12:00am
China slams EU Commissioner's 'slitty eyes' comment

China slams EU Commissioner's 'slitty eyes' comment

China expressed disdain Wednesday over European Commissioner Guenther Oettinger's use of the term "slitty eyes" to describe Chinese people in a leaked recording of a speech to business leaders.
Published 03 Nov, 2016 12:00am
Two US police officers killed in Iowa 'ambush'

Two US police officers killed in Iowa 'ambush'

Two Iowa police officers were shot and killed on Wednesday while sitting in their patrol cars in what police called unprovoked ambushes, and a 46-year-old suspect who investigators believe acted alone was captured hours later, officials said.
Published 03 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
Two US police officers killed in Iowa 'ambush'

Two US police officers killed in Iowa 'ambush'

Two Iowa police officers were shot and killed on Wednesday while sitting in their patrol cars in what police called unprovoked ambushes, and a 46-year-old suspect who investigators believe acted alone was captured hours later, officials said.
Published 03 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
OGDCL-related matters: NAB begins investigation

OGDCL-related matters: NAB begins investigation

The National Accountability Bureau (NAB) has started probing various corruption related matters in the Oil and Gas Development Company Limited (OGDCL), it is learnt.
Published 03 Nov, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
OGDCL-related matters: NAB begins investigation

OGDCL-related matters: NAB begins investigation

The National Accountability Bureau (NAB) has started probing various corruption related matters in the Oil and Gas Development Company Limited (OGDCL), it is learnt.
Published 03 Nov, 2016 12:00am
OGDCL-related matters: NAB begins investigation

OGDCL-related matters: NAB begins investigation

The National Accountability Bureau (NAB) has started probing various corruption related matters in the Oil and Gas Development Company Limited (OGDCL), it is learnt.
Published 03 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 02, 2016)

Published 03 Nov, 2016 12:00am
Xi slams 'conspiracies' in Communist Party

Xi slams 'conspiracies' in Communist Party

China's president slammed "conspiracies" in the ruling party Wednesday, saying corruption and election fraud had undermined the country's governance and that a tighter ideological grip on its leaders was needed.
Published 03 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
Xi slams 'conspiracies' in Communist Party

Xi slams 'conspiracies' in Communist Party

China's president slammed "conspiracies" in the ruling party Wednesday, saying corruption and election fraud had undermined the country's governance and that a tighter ideological grip on its leaders was needed.
Published 03 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 03 Nov, 2016 12:00am
First bulk dirty cargo terminal to be operational by January-end

First bulk dirty cargo terminal to be operational by January-end

The country's first dedicated bulk dirty cargo terminal would be commercially operational by the end of January, 2017. Pakistan International Bulk Terminal Limited (PIBTL) has completed 95 percent of civil works and three cranes have already arrived at th
Published 03 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 03 Nov, 2016 12:00am
First bulk dirty cargo terminal to be operational by January-end

First bulk dirty cargo terminal to be operational by January-end

The country's first dedicated bulk dirty cargo terminal would be commercially operational by the end of January, 2017. Pakistan International Bulk Terminal Limited (PIBTL) has completed 95 percent of civil works and three cranes have already arrived at th
Published 03 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
First bulk dirty cargo terminal to be operational by January-end

First bulk dirty cargo terminal to be operational by January-end

The country''s first dedicated bulk dirty cargo terminal would be commercially operational by the end of January, 2017. Pakistan International Bulk Terminal Limited (PIBTL) has completed 95 percent of civil works and three cranes have already arrived at t
Published 03 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 02, 2016).

Published 03 Nov, 2016 12:00am
Collusive activities: CCP issues show cause notice to Pharma Bureau

Collusive activities: CCP issues show cause notice to Pharma Bureau

The pharmaceutical sector has come under scrutiny of the anti-trust watchdog as a comprehensive inquiry has been completed and the Pharma Bureau has been served with show cause notice by the Competition Commission of Pakistan (CCP) for prima facie engagin
Published 03 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (November 02, 2016) and the forecast for Thursday (November 03, 2016).

Published 03 Nov, 2016 12:00am
Collusive activities: CCP issues show cause notice to Pharma Bureau

Collusive activities: CCP issues show cause notice to Pharma Bureau

The pharmaceutical sector has come under scrutiny of the anti-trust watchdog as a comprehensive inquiry has been completed and the Pharma Bureau has been served with show cause notice by the Competition Commission of Pakistan (CCP) for prima facie engagin
Published 03 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Nov, 2016 12:00am
Collusive activities: CCP issues show cause notice to Pharma Bureau

Collusive activities: CCP issues show cause notice to Pharma Bureau

The pharmaceutical sector has come under scrutiny of the anti-trust watchdog as a comprehensive inquiry has been completed and the Pharma Bureau has been served with show cause notice by the Competition Commission of Pakistan (CCP) for prima facie engagin
Published 03 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Nov, 2016 12:00am
New York Times sees digital gains, but profit evaporates

New York Times sees digital gains, but profit evaporates

The New York Times Co saw profits evaporate in the third quarter due to one-time costs and a steep drop in print advertising revenues, results showed Wednesday. The prestigious US daily publisher reported a profit of $406,000 - down 96 percent from the $9
Published 03 Nov, 2016 12:00am
New York Times sees digital gains, but profit evaporates

New York Times sees digital gains, but profit evaporates

The New York Times Co saw profits evaporate in the third quarter due to one-time costs and a steep drop in print advertising revenues, results showed Wednesday. The prestigious US daily publisher reported a profit of $406,000 - down 96 percent from the $9
Published 03 Nov, 2016 12:00am
New York Times sees digital gains, but profit evaporates

New York Times sees digital gains, but profit evaporates

The New York Times Co saw profits evaporate in the third quarter due to one-time costs and a steep drop in print advertising revenues, results showed Wednesday. The prestigious US daily publisher reported a profit of $406,000 - down 96 percent from the $9
Published 03 Nov, 2016 12:00am
Shippers fume as containers hijacked to block protests

Shippers fume as containers hijacked to block protests

Business leaders complained Wednesday of losing millions of dollars to the government's novel way of containing protesters: by confiscating thousands of shipping containers, many still full of goods, to block roads.
Published 03 Nov, 2016 12:00am
Khattak for bringing 'corrupt rulers' to justice

Khattak for bringing 'corrupt rulers' to justice

KP CM Pervez Khattak has said that their resolve unshaken to bring corrupt rulers to justice adding to that their mission is to take this struggle to its logical end. He was addressing PTI workers on Swabi Motorway before his departure to Islamabad for pa
Published 03 Nov, 2016 12:00am
Dar orders strengthening of AML/CFT regime

Dar orders strengthening of AML/CFT regime

Federal Minister for Finance, Senator Mohammad Ishaq Dar while appreciating the performance of Financial Management Unit (FMU) has directed to further strengthen the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) regime in Pakistan in co
Published 03 Nov, 2016 12:00am
Global IDD prevention day observed

Global IDD prevention day observed

Global Iodine Deficiency Disorders (IDD) prevention day or world iodine deficiency day observed in the agency headquarters hospital Ghalanai. Inauguration ceremony of IDD day were attended by Assistant political agent Upper Mohmand Agency, Haseeb-Ur-Rehma
Published 03 Nov, 2016 12:00am
LHC disposes of PTI's plea against arrests

LHC disposes of PTI's plea against arrests

The Lahore High Court on Wednesday disposed of as withdrawn a petition of Pakistan Tehreek-e-Insaaf against arrest its workers. Earlier, a law officer said that 748 workers of PTI were detained ahead of its rally to Islamabad. He said 147 workers were det
Published 03 Nov, 2016 12:00am
PKLI: CM reviews construction work

PKLI: CM reviews construction work

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high-level meeting, here Wednesday which reviewed the matters regarding construction work of Pakistan Kidney & Liver Transplant Institute and Research Center (PKLI).
Published 03 Nov, 2016 12:00am
Pak-Qatar Takaful Group selects Oracle

Pak-Qatar Takaful Group selects Oracle

Pak-Qatar Takaful Group has chosen Oracle Database Appliance (ODA) twinned with Oracle Database 12c to efficiently meet the needs of their increasing business requirements and rapid product changes. With a population base of more than 200 million majority
Published 03 Nov, 2016 12:00am
Pak-Qatar Takaful Group selects Oracle

Pak-Qatar Takaful Group selects Oracle

Pak-Qatar Takaful Group has chosen Oracle Database Appliance (ODA) twinned with Oracle Database 12c to efficiently meet the needs of their increasing business requirements and rapid product changes. With a population base of more than 200 million majority
Published 03 Nov, 2016 12:00am
PML-N has always accepted decisions of judiciary: Shahbaz

PML-N has always accepted decisions of judiciary: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif here Wednesday said that 200 million people of Pakistan have achieved victory. He said there had been no justification of protest after the case regarding Panama Leaks became sub judicial. He said people of Pa
Published 03 Nov, 2016 12:00am
PAFDA: Shahbaz for greater participation of private sector

PAFDA: Shahbaz for greater participation of private sector

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting of board members of Punjab Agriculture, Food & Drug Authority (PAFDA) here Wednesday. He expressed his indignation over large number of members of government sector on the board of the
Published 03 Nov, 2016 12:00am
US backs freedom of expression, right to protest

US backs freedom of expression, right to protest

The United States on Wednesday said it supports freedom of expression and the right to protest in Pakistan. Speaking at daily news briefing, the State Department spokesman John Kirby said that the US was aware of reports about protest activity in Pakistan
Published 03 Nov, 2016 12:00am
Seminar on breast cancer held

Seminar on breast cancer held

Commu-nity Services Society of The University of Faisalabad has organised "Breast Cancer Awareness Seminar" at Health Sciences Campus. Eminent Oncologist, Captain Dr Kashifa Ahsan from Shaukat Khanum Memorial Cancer Hospital shared her clinical insight wi
Published 03 Nov, 2016 12:00am
Three criminals killed, arms recovered

Three criminals killed, arms recovered

Three accused of target killing and other serious crimes were killed and arms recovered after exchange of fire with police here on Wednesday.
Published 03 Nov, 2016 12:00am
MQM-P greets Rauf Siddiqui on his release

MQM-P greets Rauf Siddiqui on his release

MQM Pakistan leader Farooq Sattar on Wednesday felicitated Rauf Siddiqui after his release from jail and hoped that Karachi mayor Wasim Akhtar and other detained leaders, and workers would also be freed soon. "We felicitate Rauf Siddiqui on his release. T
Published 03 Nov, 2016 12:00am
PM forms body to probe Gaddani tragedy

PM forms body to probe Gaddani tragedy

Prime Minister Nawaz Sharif on Wednesday formed a committee headed by the Minister for Defence Production Rana Tanveer Hussain to investigate the incident at Gaddani shipyard resulting in loss of lives. Terming the tragedy as "very unfortunate", the Prime
Published 03 Nov, 2016 12:00am
Wellness awareness programme hosted

Wellness awareness programme hosted

With the objective to promote healthier lifestyles, MantahaaMaqsood and Pomme Amina Gohar hosted a first of its kind wellness awareness programme amidst Karachi based socialites and corporate representatives seeking to improve their overall health, fitnes
Published 03 Nov, 2016 12:00am
'Pakistanis in Denmark will be able to get dual nationality'

'Pakistanis in Denmark will be able to get dual nationality'

More than 20,000 Overseas Pakistanis living in Denmark will be able to get dual nationality with the intervention of Federal Ombudsman M Salman Faruqui. Hafiz Ahsaan Ahmad Khokhar, Senior Adviser Law and Grievance Commissioner for Overseas Pakistanis to M
Published 03 Nov, 2016 12:00am
CM, Governor Punjab review development projects

CM, Governor Punjab review development projects

Punjab Chief Minister Muhammad Shahbaz Sharif and Governor Punjab Muhammad Rafique Rajwana held a meeting, here Wednesday, during which ongoing development projects for the welfare of the masses were discussed.
Published 03 Nov, 2016 12:00am
Low breastfeeding rates lead to stunted growth 'crisis'

Low breastfeeding rates lead to stunted growth 'crisis'

Mother-of-seven Mah Pari lives in a fertile region of Balochistan province - but her two-year-old son, Gul Mir, is crying from hunger as she cradles him in her arms. "All my babies were weak after they were born. Maybe it is because my breast milk is not
Published 03 Nov, 2016 12:00am
Vohra vows to work for child rights

Vohra vows to work for child rights

Deputy Mayor Karachi Dr Arshad Vohra on Wednesday vowed to work on child labor issues to ensure their rights as per international practices. During a meeting with a human right delegation at his office, Vohra said the local bodies' government would arrang
Published 03 Nov, 2016 12:00am
Shortcomings in PESs, Blood Transfusion Centre ascertained

Shortcomings in PESs, Blood Transfusion Centre ascertained

Additional Chief Secretary Punjab Shamail Ahmad Khawaja along with the members of his entourage selected for the tour of Turkey Wednesday visited Punjab Emergency Services (PESs) Headquarter and Punjab Blood Transfusion Centre Lahore to ascertain the shor
Published 03 Nov, 2016 12:00am
Russia tells rebels to leave Aleppo by Friday evening

Russia tells rebels to leave Aleppo by Friday evening

Russia on Wednesday told anti-government rebels holed up in Syria's Aleppo to leave by Friday evening, signalling it would extend a moratorium on air strikes against targets inside the city. The Russian Defence Ministry, which is helping forces loyal to P
Published 03 Nov, 2016 12:00am
US strike kills Qaeda 'attack planner' in Syria: Pentagon

US strike kills Qaeda 'attack planner' in Syria: Pentagon

A US drone strike in Syria last month killed an al Qaeda member with ties to the organisation's senior leadership, the Pentagon said Wednesday. The October 17 strike near Idlib north-western Syria killed Haydar Kirkan, who "was intent on plotting and carr
Published 03 Nov, 2016 12:00am
Zuma probe finds alleged criminal activity

Zuma probe finds alleged criminal activity

South Africa's anti-corruption watchdog Wednesday called for prosecutors to investigate alleged criminal activity as it released a report into President Jacob Zuma that fuelled further calls for him to resign.
Published 03 Nov, 2016 12:00am
Tehran former prosecutor given 135 lashes

Tehran former prosecutor given 135 lashes

Tehran's notorious former chief prosecutor, Said Mortazavi, has been sentenced to 135 lashes for misappropriation and waste of public money while head of Iran's welfare programme, Iranian media reported Wednesday.
Published 03 Nov, 2016 12:00am
Sri Lanka removes spy chief after Jaffna unrest

Sri Lanka removes spy chief after Jaffna unrest

Sri Lanka's army Wednesday replaced its intelligence chief as the government accused the military of involvement in a wave of unrest in the ethnic minority Tamil heartland of Jaffna. The army announced the removal of intelligence director Suresh Sallay af
Published 03 Nov, 2016 12:00am
Iranian leader slams 'catastrophic' US election

Iranian leader slams 'catastrophic' US election

Iran's supreme leader said Wednesday that the level of debate between the US presidential election frontrunners showed the "catastrophe" of American politics and warned against any further negotiations with Washington. "These two candidates (Hillary Clint
Published 03 Nov, 2016 12:00am
No more homework! Spanish parents go on strike

No more homework! Spanish parents go on strike

Children have long complained about homework but parents in Spain are now joining in and have decided to go on strike against their offspring's school load for the whole month of November.
Published 03 Nov, 2016 12:00am
Staff shut out of Moscow Amnesty office

Staff shut out of Moscow Amnesty office

Amnesty International said Wednesday Russian authorities had shut them out of their office in Moscow, with city authorities citing rent arrears. The global human rights campaign group said that the locks had been changed and the alarm system switched off
Published 03 Nov, 2016 12:00am
Spain ambassador to Afghanistan probed over embassy attack

Spain ambassador to Afghanistan probed over embassy attack

Spain's National Court said Wednesday it was investigating the country's ambassador to Afghanistan and his former deputy for alleged security flaws after an attack on the Kabul embassy last year that left six dead. Four Afghan policemen and two of their S
Published 03 Nov, 2016 12:00am
Kiwi surges, Aussie pauses
Currency

Kiwi surges, Aussie pauses

The New Zealand dollar touched a two-week high on Wednesday after the country's jobless rate dropped to near eight-year lows last quarter, fuelling speculation the central bank's easing cycle may be almost done. The New Zealand dollar climbed 0.4 percent
Published 03 Nov, 2016 12:00am
Sterling hits three-week high against dollar
Currency

Sterling hits three-week high against dollar

The pound jumped to its highest in three weeks against the dollar on Wednesday, as investors sold the greenback on worries that Donald Trump could win the US presidential election next week. With opinion polls narrowing, investors are rethinking long-held
Published 03 Nov, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.44-78.46 (previous 78.45-78.46).
Published 03 Nov, 2016 12:00am
Cut-throat US presidential race hits Asia FX
Currency

Cut-throat US presidential race hits Asia FX

Most emerging Asian currencies lost ground on Wednesday as global investors shunned riskier assets with the US presidential election race tightening just days ahead of the Nov. 8 vote. South Korea's won hit a near four-month low on heavy selling from offs
Published 03 Nov, 2016 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed lower on Wednesday due to dollar demand from importers, dealers said, even as the market shrugged off comments by the country's central bank chief about the stability of the currency in the short term. Central Bank of Sri Lanka
Published 03 Nov, 2016 12:00am
Dollar falls against euro, rallies against peso in New York
Currency

Dollar falls against euro, rallies against peso in New York

The US dollar hit its lowest level in nearly three weeks against the euro on Tuesday on US political uncertainty, while the Mexican peso hit a more than three-week low on fears that Republican Donald Trump might win the US presidential election.
Published 03 Nov, 2016 12:00am
Early trade in New York: dollar slumps against majors
Currency

Early trade in New York: dollar slumps against majors

The US dollar hit its lowest level in more than three weeks against the euro, yen, Swiss franc and sterling on Wednesday on continued nervousness about a potential victory for US Republican presidential candidate Donald Trump next week.
Published 03 Nov, 2016 12:00am
Yen and franc surge in Europe
Currency

Yen and franc surge in Europe

The dollar slumped and the Swiss franc and Japanese yen surged on Wednesday as investors worried by the prospect of a Donald Trump victory in next week's US presidential election sought out safe havens for their money.
Published 03 Nov, 2016 12:00am
Dollar slumps in Asia
Currency

Dollar slumps in Asia

The dollar slumped on Wednesday as the US presidential election increasingly looked too close to call, jangling investors' nerves and fuelling demand for perceived havens such as the Japanese yen.
Published 03 Nov, 2016 12:00am
Aid workers 'brace for worst' from Mosul battle

Aid workers 'brace for worst' from Mosul battle

More than one million civilians in Mosul are in grave danger and aid workers are "bracing for the worst", a relief group said Wednesday, after Iraqi forces reached the jihadist-held city. Just over two weeks into the offensive to retake the last Iraqi cit
Published 03 Nov, 2016 12:00am
Venezuela opposition says Maduro trying to divide it

Venezuela opposition says Maduro trying to divide it

A top Venezuelan opposition leader accused President Nicolas Maduro on Wednesday of trying to divide his enemies to undermine talks on defusing the country's political crisis. Jesus Torrealba, secretary general of the main opposition coalition, the Democr
Published 03 Nov, 2016 12:00am
High Court to rule Thursday on Brexit challenge

High Court to rule Thursday on Brexit challenge

The High Court will decide Thursday whether the British government has the right to trigger the process for leaving the EU without the prior authorisation of parliament, in a ruling that could delay Brexit. The verdict by three senior judges will be close
Published 03 Nov, 2016 12:00am
Uber hits road with overhauled smartphone app

Uber hits road with overhauled smartphone app

Uber on Wednesday began rolling out an overhauled smartphone application that uses artificial intelligence in a bid to speed up and improve the ride-sharing experience. The update is the first major overhaul for the popular application since 2012 and aims
Published 03 Nov, 2016 12:00am
South Korea names new PM, finance minister
Currency

South Korea names new PM, finance minister

South Korea's presidential office on Wednesday named a new prime minister and finance minister, the highest-level shake-up since President Park Geun-hye's administration was rocked by a scandal involving a friend accused of meddling in state affairs.
Published 03 Nov, 2016 12:00am
Duterte sets 17 Vietnamese fishermen free

Duterte sets 17 Vietnamese fishermen free

President Rodrigo Duterte on Wednesday personally saw off 17 Vietnamese fishermen who had trespassed in Philippine waters, after ordering their release in a gesture of friendship towards Hanoi. Duterte ordered the release of the 17 men, who were apprehend
Published 03 Nov, 2016 12:00am
Last 'Jungle' children bussed to shelters around France

Last 'Jungle' children bussed to shelters around France

Over 1,600 unaccompanied minors left in Calais after the demolition of the infamous "Jungle" migrant camp were bussed to shelters across France on Wednesday, even as many still hoped to be admitted to Britain.
Published 03 Nov, 2016 12:00am
Quetta WCCI urges PM to fulfil promises regarding CPEC

Quetta WCCI urges PM to fulfil promises regarding CPEC

Women Chamber of Commerce & Industry Quetta (WCCI) on Wednesday demanded that Prime Minister Nawaz Sharif may remove concerns of the Pashtuns and Balochs regarding China-Pakistan Economic Corridor (CPEC).
Published 03 Nov, 2016 12:00am
Around 26,500 litres of smuggled Iranian diesel seized, claims MCC

Around 26,500 litres of smuggled Iranian diesel seized, claims MCC

Model Customs Collectorate (MCC), Preventive on Wednesday claimed to have seized around 26,500 litres of smuggled Iranian diesel near the coast of Karachi. This was stated by Chief Collector Muhammad Zahid Khokar along with Collector Preventive Saifuddin
Published 03 Nov, 2016 12:00am
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