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Archive - 2016-11-29
PBA, APNS condemn Pemra's action

PBA, APNS condemn Pemra's action

As a regulator, Pemra's responsibility is to promote media and to regulate it. This requires a balancing act, where regulator must carefully calibrate the penalties that the law has provided. Pemra has taken the drastic step of shutting down two member ch
Published 29 Nov, 2016 12:00am
4th PTCL VSS targets 9,000 employees

4th PTCL VSS targets 9,000 employees

Pakistan Telecommunication Company Limited (PTCL) Monday announced Voluntary Separation Scheme (VSS) with an estimated cost of around Rs 10 billion for 9,000 of its staffers, ie 50 per cent of total workforce, in a bid to reduce human resource expenses an
Published 29 Nov, 2016 12:00am
4th PTCL VSS targets 9,000 employees

4th PTCL VSS targets 9,000 employees

Pakistan Telecommunication Company Limited (PTCL) Monday announced Voluntary Separation Scheme (VSS) with an estimated cost of around Rs 10 billion for 9,000 of its staffers, ie 50 per cent of total workforce, in a bid to reduce human resource expenses an
Published 29 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
4th PTCL VSS targets 9,000 employees

4th PTCL VSS targets 9,000 employees

Pakistan Telecommunication Company Limited (PTCL) Monday announced Voluntary Separation Scheme (VSS) with an estimated cost of around Rs 10 billion for 9,000 of its staffers, ie 50 per cent of total workforce, in a bid to reduce human resource expenses an
Published 29 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Nov, 2016 12:00am
General Hayat takes over as CJCSC

General Hayat takes over as CJCSC

General Zubair Mahmood Hayat on Monday took over as Chairman Joint Chiefs of Staff Committee (CJCSC). Upon arrival at the Joint Staff Headquarters Chaklala, the newly appointed CJCSC was presented guard of honour by the contingent of tri-services. Outgoin
Published 29 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Nov, 2016 12:00am
General Hayat takes over as CJCSC

General Hayat takes over as CJCSC

General Zubair Mahmood Hayat on Monday took over as Chairman Joint Chiefs of Staff Committee (CJCSC). Upon arrival at the Joint Staff Headquarters Chaklala, the newly appointed CJCSC was presented guard of honour by the contingent of tri-services. Outgoin
Published 29 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Monday (November 28, 2016) and the forecast for Tuesday (November 29, 2016).

Published 29 Nov, 2016 12:00am
Sharif family's flats: Imran submits documents in SC

Sharif family's flats: Imran submits documents in SC

Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan on Monday submitted 'documentary evidence' in the Supreme Court regarding Sharif family's London apartments. These additional documents have been submitted by Imran Khan's lawyer Naeem Bukhari. Earlier,
Published 29 Nov, 2016 12:00am
Sharif family's flats: Imran submits documents in SC

Sharif family's flats: Imran submits documents in SC

Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan on Monday submitted 'documentary evidence' in the Supreme Court regarding Sharif family's London apartments. These additional documents have been submitted by Imran Khan's lawyer Naeem Bukhari. Earlier,
Published 29 Nov, 2016 12:00am
SBP plays it cautiously

SBP plays it cautiously

The Monetary Policy Statement (MPS) released by the Monetary Policy Committee (MPC) of the SBP on 26th November, 2016 contains no surprises. As widely expected, policy rate of the State Bank has been kept unchanged at 5.75 percent per annum for the next t
Published 29 Nov, 2016 12:00am
Penalizing forced conversions

Penalizing forced conversions

At long last the cancerous curse of forced religious conversions is being eradicated. The private member bill to make forced conversions a punishable offence was on the table in the Sindh Assembly for almost a year but it could not be legislated either be
Published 29 Nov, 2016 12:00am
Political battling vs national interests

Political battling vs national interests

The 'success' of Pakistan's foreign policy was proved yet again by the British Foreign Secretary Boris Johnson's statements during his visit last week. While he refused to condemn India's daily acts of aggression across the Line of Control (LoC) and the W
Published 29 Nov, 2016 12:00am
Fidel Castro's legacy

Fidel Castro's legacy

Inevitable as it had begun to appear since his serious illness in 2006 that forced him to relinquish power to his brother Raul, the death of Cuban revolutionary leader Fidel Castro at the age of 90 shocked and saddened the world, the 'gusanos' (worms) in
Published 29 Nov, 2016 12:00am
Haji Adeel dies

Haji Adeel dies

No doubt the country has lost an erudite and astute politician in the death of former Senator and senior leader of Awami National Party (ANP) Haji Adeel, who passed away after protracted ailment. He was 74.
Published 29 Nov, 2016 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold prices rose more than 1 percent on Monday, recovering from their lowest levels since February as the dollar and long-dated US Treasury bond yields retreated from recent highs. Spot gold was up 0.8 percent at $1,192.64 an ounce by 2:44 p.m. ET (1944 G
Published 29 Nov, 2016 12:00am
Soyabeans extend rally

Soyabeans extend rally

US soyabean futures firmed slightly on Monday, on track for their seventh day of gains in a row, but the market was trading below a 4-1/2 month high hit during the overnight session as investors locked in profits, traders said. Wheat and corn futures were
Published 29 Nov, 2016 12:00am
Oil up in choppy trade as Opec makes last-ditch bid to save deal

Oil up in choppy trade as Opec makes last-ditch bid to save deal

Oil prices gained more than 2 percent on Monday in volatile trading after falling as much as 2 percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday.
Published 29 Nov, 2016 12:00am
PTA demands supply of water to tannery zone through pipeline

PTA demands supply of water to tannery zone through pipeline

Chairman Pakistan Tanners Association (PTA) Aziz Ahmed has urged the Sindh Chief Minister to direct Karachi Water and Sewerage Board (KW&SB) to release water into the tannery zone pipeline without any further delay. He informed the CM that despite the lay
Published 29 Nov, 2016 12:00am
Pakistan should support Khalistan Movement in India: Lord Nazir

Pakistan should support Khalistan Movement in India: Lord Nazir

Member British House of Lords Nazir Ahmad said that the Kashmiris should be given relief by removing Kashmir Committee Chairman Maulana Fazlur Rehman from his post. He said this while addressing a ceremony at Punjab University on Monday. Criticising the g
Published 29 Nov, 2016 12:00am
Australian HC welcomes change of command in Pakistan Army

Australian HC welcomes change of command in Pakistan Army

Australian High Commissioner to Pakistan, Margaret Adamson Monday lauded leadership of the outgoing Army Chief General Raheel Sharif in combating terrorism and welcomed the change of command in the Pakistan Army through established rules and regulations.
Published 29 Nov, 2016 12:00am
Cop shot dead in Islamabad

Cop shot dead in Islamabad

A head constable of Islamabad Police was shot dead by unknown assailants in the limits of Aabpara Police Station on late Monday evening. Police said that Head Constable Malik Zaman was shot dead by unknown attackers near his residence at Sector G-6/4. Soo
Published 29 Nov, 2016 12:00am
Elders of Utmanzai tribe demand compensation for affectees of NWA

Elders of Utmanzai tribe demand compensation for affectees of NWA

Elders of the Utmanzai tribe of North Waziristan Agency (NWA) have demanded of the government to compensate the affectees of military operation Zarb-e-Azb in the tribal agency, and stop construction of destroyed shops in Miranshah as it fear to cause civi
Published 29 Nov, 2016 12:00am
Imran has no evidence against Nawaz, family, say PML-N leaders

Imran has no evidence against Nawaz, family, say PML-N leaders

Rejecting the new documents presented by Pakistan Tehreek-e-Insaf (PTI) before the Supreme Court in Panama Papers case, the ruling Pakistan Muslim League-Nawaz (PML-N) Monday said that the opposition party has no evidence against Prime Minister Nawaz Shar
Published 29 Nov, 2016 12:00am
Drug price increase: NAB slammed for harassing Pharmaceutical companies

Drug price increase: NAB slammed for harassing Pharmaceutical companies

Pakistan Pharmaceutical Manufacturers Association (PPMA) on Monday condemning National Accountability Bureau for harassing drug companies regarding price increase, which had been approved by Drug Regulatory Authority of Pakistan (DRAP), stating that the D
Published 29 Nov, 2016 12:00am
LHC allows Ludhianvi to contest by-poll

LHC allows Ludhianvi to contest by-poll

The Lahore High Court on Monday allowed Emir Ahle Sunnat Wal-Jamat Maulana Ahmad Ludhianvi to contest by-election from PP-78, Jhang. A full bench passed this order in a petition of Ludhianvi challenging a decision of a division bench that disqualified him
Published 29 Nov, 2016 12:00am
Importance of ECO block increased manifold: FPCCI

Importance of ECO block increased manifold: FPCCI

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Abdul Rauf Alam on Monday said Economic Co-operation Organisation (ECO) countries have great potential and the importance of this block has increased manifold in the curren
Published 29 Nov, 2016 12:00am
New Sindh governor's appointment challenged in IHC

New Sindh governor's appointment challenged in IHC

Appointment of former Justice Saeed-uz-Zaman Siddiqi as Sindh Governor has been challenged in Islamabad High Court. A citizen, Shahid Orakzai filed the application challenging the appointment. He submitted that a former Chief Justice can not become member
Published 29 Nov, 2016 12:00am
'Roadmap for peace in Asia can only be made by indigenous solutions'

'Roadmap for peace in Asia can only be made by indigenous solutions'

Chairman Senate Mian Raza Rabbani, has said that roadmap for peace in Asia, the nations which have suffered and those continue to suffer from internal and external conflicts, can only be made by finding indigenous solutions excluding superpowers from "pea
Published 29 Nov, 2016 12:00am
One killed over old enmity

One killed over old enmity

Armed men gunned down a man over old enmity here on Monday and escaped after committing the crime. Police said that armed men of a group opened indiscriminate fire at member of their rival group with whom they were in old enmity, killing him on the spot a
Published 29 Nov, 2016 12:00am
CPEC billed as no less important than atomic programme

CPEC billed as no less important than atomic programme

Federal Minister for Planning, Development and Reforms Professor Ahsan Iqbal said that China-Pakistan Economic Corridor is not less important than the Pakistan's atomic programme and there must be no politics on this project. The minister was addressing a
Published 29 Nov, 2016 12:00am
'SS12 Asia: Age of Innovation' & the Best Project Award held at UIT

'SS12 Asia: Age of Innovation' & the Best Project Award held at UIT

Strengthening its position as a leader in technology education and a mover of innovative initiatives in the country, Usman Institute of Technology (UIT) hosted 'SS12 Asia: Age of Innovation' and won the Best Project Award at the national level competition
Published 29 Nov, 2016 12:00am
Treason charges against Altaf: LHC rejects ministry report

Treason charges against Altaf: LHC rejects ministry report

A Lahore High Court full bench on Monday rejected an interior ministry's report about action being taken against Muttahida Qaumi Movement (MQM) London based leader and directed the secretary interior to apprise about the specific action taken on December
Published 29 Nov, 2016 12:00am
Pakistan Festival concludes in Colombo

Pakistan Festival concludes in Colombo

Pakistan High Commission in Sri Lanka organised three-day highly colourful Pakistan Food, Shopping and Cultural Festival with a Painting & Photographic Exhibition which began on Sunday at the Waters Edge Hotel and concluded on Monday. The festival was joi
Published 29 Nov, 2016 12:00am
FATA parliamentarians visit HEC secretariat

FATA parliamentarians visit HEC secretariat

A group of Parliamentarians from the Federally Administered Tribal Areas (FATA) visited the Higher Education Commission secretariat on Monday to discuss HEC initiatives for promotion of higher education in the tribal areas. Dr Mukhtar Ahmed, Chairman HEC,
Published 29 Nov, 2016 12:00am
Mushahid praises Navy as protecter of maritime security

Mushahid praises Navy as protecter of maritime security

Chairman of the Senate Defence Committee, Senator Mushahid Hussain Sayed on Monday acclaimed the role of Pakistan Navy which successfully detected and chased out an Indian nuclear powered submarine while it was trying to enter Pakistan's territorial water
Published 29 Nov, 2016 12:00am
Bilawal meets Paris Hilton

Bilawal meets Paris Hilton

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari recently met American socialite Paris Hilton in Dubai. Bilawal Bhutto Zardari shared a picture of himself with the 35-year-old US celebrity on his Instagram account. "Had the pleasure of meeting
Published 29 Nov, 2016 12:00am
By-elections: Baloch reclaims NA-258 seat

By-elections: Baloch reclaims NA-258 seat

Pakistan People's Party (PPP) reclaimed the National Assembly (NA-258) seat in By-elections held here on Monday. The PPP had lost the same slot in general polls 2013. According to unofficial and unconfirmed results, the PPP candidate Abdul Hakeem Baloch w
Published 29 Nov, 2016 12:00am
REAP Chief Patron hosts reception for US consul general

REAP Chief Patron hosts reception for US consul general

Grace W Shelton Consul General of Unites States of America assured to extend support for the betterment of trade between Pakistan and USA here on Monday. Rahim Janoo Chief Patron of Rice Exporters Association of Pakistan (REAP) hosted a reception in honou
Published 29 Nov, 2016 12:00am
'PSO has ample fuel reserves to meet nation's needs'

'PSO has ample fuel reserves to meet nation's needs'

Pakistan State Oil has repudiated the news circulating in some sections of the media fomenting speculations about shortage of fuel in the country. Pakistan State Oil (PSO) has clarified that there is no imminent shortage of fuel in the country as PSO has
Published 29 Nov, 2016 12:00am
Ban on trawlers: auto industry mulling suspending production

Ban on trawlers: auto industry mulling suspending production

The auto industry is contemplating suspending its production, following the entry restriction on the trawlers carrying vehicles on the motorways across the country. According to details, the Original Equipment Manufacturers (OEMs) had a limited space to s
Published 29 Nov, 2016 12:00am
PIA to continue to patronise special children

PIA to continue to patronise special children

PIA will continue to patronise Al-Shifa Trust, (PIA's relief and rehabilitation center for special children) and is keen to facilitate it in further developing and enhancing its facilities for the benefit of the special children and the community at large
Published 29 Nov, 2016 12:00am
ICMAP honours intermediate high achievers

ICMAP honours intermediate high achievers

The Institute of Cost and Management Accountants of Pakistan organised a recognition ceremony for Intermediate and A-Levels Students. The Chairman Board of Intermediate Education Karachi, Professor Inam Ahmed was the chief guest on this occasion.
Published 29 Nov, 2016 12:00am
Second semester exams start

Second semester exams start

The second semester examinations 2016 of morning and evening on Monday commenced amid peaceful environment at University of Sindh main and sub-campuses. Professor Dr Muhammad Siddique Kalhoro, Vice Chancellor, University of Sindh visited various examinati
Published 29 Nov, 2016 12:00am
PPP leader criticises PML-N government

PPP leader criticises PML-N government

The Secretary Information PPP Sindh chapter, Senator Aajiz Dhamra has said that the federal and provincial governments of PML-N have been raising hue and cry since PPP Chairperson Bilawal Bhutto Zardari has announced that the party foundation day will be
Published 29 Nov, 2016 12:00am
Digi Asia-2016: PAA delegation leaves for Taiwan

Digi Asia-2016: PAA delegation leaves for Taiwan

Pakistan Advertising Association (PAA) has become a member of Asian Federation of Advertising Associations (AFAA). A delegation from PAA left from Pakistan to join "the most insightful digital marketing event" in Taiwan the Digi Asia 2016. Digi Asia is a
Published 29 Nov, 2016 12:00am
Hub School begins first academic term for boys

Hub School begins first academic term for boys

The Hub School, set up by the Ahmed E H Jaffer Foundation in Karachi, has started the first academic term for boys. The not-for-profit boarding school with sports facilities will enable students to surpass the existing standards of educational excellence
Published 29 Nov, 2016 12:00am
Shell Pakistan's clarification on Keamari fire incident

Shell Pakistan's clarification on Keamari fire incident

Shell Pakistan has clarified that the report in circulation regarding the Keamari fire incident on November 26, at the Shell Terminal is incorrect. According to Shell Pakistan, the fire broke out on methanol storage units of a local private oil storage an
Published 29 Nov, 2016 12:00am
Education must for securing respectable place in world: Jhagra

Education must for securing respectable place in world: Jhagra

Khyber Pakhtunkhwa Governor, Engineer Iqbal Zafar Jhagra has said that to secure a respectable place for our beloved country among the ranks of developed countries of the world, we have to concentrate on promotion of education. He was addressing as the ch
Published 29 Nov, 2016 12:00am
Clarification

Clarification

Apropos a news item appeared in Daily Business Recorder on November 28, 2016 titled "Appointment of Trade Officers in Missions: Ministry Defying Prime Minister's Instructions". The Commerce Ministry has clarified that the Ministry of Commerce maint
Published 29 Nov, 2016 12:00am
Fabricated 'news' item: TV channel tenders unconditional apology

Fabricated 'news' item: TV channel tenders unconditional apology

Tendering an unconditional apology before the Supreme Court on Monday for disseminating 'news' about an alleged meeting of an apex court judge Justice Amir Hani Muslim with PML-N Senator Nehal Hashmi over the Panama Leaks case, the management of a private
Published 29 Nov, 2016 12:00am
Climate change: speakers for streamlining resources

Climate change: speakers for streamlining resources

Speakers at a conference here underlined the need to streamline the resources for giving an end to the negative implications arising out of the climate change. They said that adaption was the only solution to protect crops, water resources and standard of
Published 29 Nov, 2016 12:00am
ADB approves $100 million to improve infrastructure in Sindh

ADB approves $100 million to improve infrastructure in Sindh

The Asian Development Bank (ADB) has approved a $100 million loan to strengthen the standards in the development and delivery of public-private partnership (PPP) projects and help bridge the infrastructure investment gap in Sindh province.
Published 29 Nov, 2016 12:00am
ADB approves $100 million to improve infrastructure in Sindh

ADB approves $100 million to improve infrastructure in Sindh

The Asian Development Bank (ADB) has approved a $100 million loan to strengthen the standards in the development and delivery of public-private partnership (PPP) projects and help bridge the infrastructure investment gap in Sindh province.
Published 29 Nov, 2016 12:00am
HF, Zindagi Trust organise 'Walk for Education'

HF, Zindagi Trust organise 'Walk for Education'

Hashoo Foundation (HF) and Zindagi Trust organised a walk at F-9 Park Islamabad to promote the cause of improving access to and quality of education for out of school children. The walk titled as "Walk for Education" aimed to create empathy and awareness
Published 29 Nov, 2016 12:00am
First cyber harassment hotline from December 1

First cyber harassment hotline from December 1

The Digital Rights Foundation has announced that it will launch Pakistan's 'first cyber harassment hotline' on December 1. The service will be available at 0800-39393. The announcement made on DRF's Facebook page said the hotline is a "free, safe and conf
Published 29 Nov, 2016 12:00am
Major chunk of ZTBL loan consumed by Punjab

Major chunk of ZTBL loan consumed by Punjab

Punjab province has utilised 65.5% of the total credit disbursed by Zarai Taraqiati Bank Limited (ZTBL) for the Rabi season 2016 - a total of Rs 286.118 million out of total disbursement of Rs 436.348 million. According to an official document, of the tot
Published 29 Nov, 2016 12:00am
Customs values on copper laminated sheets revised

Customs values on copper laminated sheets revised

Directorate General of Customs Valuation Karachi has revised customs values on the import of copper clad laminated sheets. According to a valuation ruling issued here on Monday, the customs value of copper clad laminated sheets was determined and notified
Published 29 Nov, 2016 12:00am
Customs values on copper laminated sheets revised

Customs values on copper laminated sheets revised

Directorate General of Customs Valuation Karachi has revised customs values on the import of copper clad laminated sheets. According to a valuation ruling issued here on Monday, the customs value of copper clad laminated sheets was determined and notified
Published 29 Nov, 2016 12:00am
AJK PM condems human rights violations in IoK

AJK PM condems human rights violations in IoK

Prime Minister of Azad Jammu and Kashmir, Raja Farooq Haider had said that India was committing gross human rights abuses in occupied Kashmir and the entire population in the held valley was living under extended curfew for four months.
Published 29 Nov, 2016 12:00am
Khursheed Shah warns: PM to accept demands or face protest movement

Khursheed Shah warns: PM to accept demands or face protest movement

Pakistan Peoples' Party (PPP) has decided to confront the government head on and has asked the Prime Minister to accept their four demands or the PPP would launch a protest movement. The warning was given by leader of the opposition Syed Khursheed Shah wh
Published 29 Nov, 2016 12:00am
Visitors throng: Pakistan Show in Colombo on second day

Visitors throng: Pakistan Show in Colombo on second day

Pakistan Show in Colombo continued to attract huge crowds for the second day as the visitors belonging to various walks of life showed keen interest in Pakistani products. The three-day Pakistan Show arranged by the Punjab government in active collaborati
Published 29 Nov, 2016 12:00am
KBP to convene APC on Indian water aggression

KBP to convene APC on Indian water aggression

Kisan Board Pakistan (KBP) has announced to convene an All Parties Conference (APC) shortly to discuss Indian water aggression against Pakistan and TO adopt a unanimous line of action. This was announced by KBP Central President, Chaudhry Nisar Ahmad in a
Published 29 Nov, 2016 12:00am
11 more ministers inducted in Punjab cabinet

11 more ministers inducted in Punjab cabinet

As many as 11 MPAs on Monday took oath as provincial ministers of Punjab at a simple but impressive ceremony held here at Governor's House on Monday. Governor Punjab Malik Rafique Rajwana administered the oath to the new cabinet members. Those who took oa
Published 29 Nov, 2016 12:00am
EU countries: 'Turkey can facilitate Pakistani exporters'

EU countries: 'Turkey can facilitate Pakistani exporters'

Turkey is a gateway to Europe and can facilitate Pakistani exporters to market their products in the EU countries, including the Pakistani handmade furniture. A Turkish furniture producers' delegation headed by a leading Turkish businessman Ahmet after vi
Published 29 Nov, 2016 12:00am
Appointment

Appointment

President of the Lahore Chamber of Commerce and Industry Abdul Basit has appointed former LCCI vice president Nasir Saeed as convener of the standing committees on building and infrastructure, achievement awards and exhibitions and Pak-Japan business prom
Published 29 Nov, 2016 12:00am
Japan to play role of bridge between Japan & Sialkot: envoy

Japan to play role of bridge between Japan & Sialkot: envoy

Japanese Ambassador to Pakistan Takashi KURAI on Monday said Japan and Pakistan were enjoying cordial relations since long and those relations would be further strengthened with the passage of time. While addressing the members of Sialkot Chamber of Comme
Published 29 Nov, 2016 12:00am
'Linkages between industry and academia to be strengthened'

'Linkages between industry and academia to be strengthened'

Innovation and entrepreneurship are prerequisite to generate much needed economic activity in the country and in this connection the linkages between industry and academia will be further strengthened, said Engineer Ahmed Hasan vice president Faisalabad C
Published 29 Nov, 2016 12:00am
Pending rebate claims: leather exporters assured of early clearance

Pending rebate claims: leather exporters assured of early clearance

Collector Customs Lahore Zulfiqar Younas has assured the leather exporters of early clearance of all pending rebate claims. While addressing the tanners on Monday, he said the refund claims of all the Pakistan Tanners Association (North Zone) members woul
Published 29 Nov, 2016 12:00am
Rs 1.2 million India currency seized at Lahore airport
Currency

Rs 1.2 million India currency seized at Lahore airport

Airport customs authorities on Monday foiled a bid to smuggle Indian currency of Rs 1.2 million abroad and arrested a passenger at Allama Iqbal international airport. According to customs sources, a passenger named Ijaz Hussain resident of Allama Iqbal To
Published 29 Nov, 2016 12:00am
Millat Tractors Limited

Millat Tractors Limited

About the company: The largest tractor manufacturer of Pakistan, Millat Tractors Limited (PSX: MTL) was founded in 1964. It has since become Pakistan's leading engineering concern in the automobile sector, involved in the manufacture of agricultura
Published 29 Nov, 2016 12:00am
Millat Tractors Limited

Millat Tractors Limited

About the company: The largest tractor manufacturer of Pakistan, Millat Tractors Limited (PSX: MTL) was founded in 1964. It has since become Pakistan's leading engineering concern in the automobile sector, involved in the manufacture of agricultura
Published 29 Nov, 2016 12:00am
IAP urges government to announce textile package

IAP urges government to announce textile package

Chairman Inventor Association of Pakistan, Saquib Fayyaz Magoon has urged the government to announce incentive package to bring textile sector out of crisis. He said that the textile exports Pakistan's major foreign exchange earners are constantly on the
Published 29 Nov, 2016 12:00am
CM Gilgit Baltistan visits Jinnah Naval Base Ormara

CM Gilgit Baltistan visits Jinnah Naval Base Ormara

Chief Minister of Gilgit Baltistan, Hafiz Hafeez Ur Rehman visited Pakistan Navy's Jinnah Naval Base (JNB) at Ormara, Balochistan. The dignitary witnessed operational arrangements as well as various social empowerment initiatives undertaken by Pakistan Na
Published 29 Nov, 2016 12:00am
Pandemonium in Sindh Assembly

Pandemonium in Sindh Assembly

The remarks of the leader of the opposition belonging to the MQM on handing over of parks management to a multinational firm sparked off a pandemonium in the Sindh Assembly on Monday. Sindh Local Government Minister Jam Khan Shoro and MQM's Khawaja Izhar-
Published 29 Nov, 2016 12:00am
PIA offers 30 percent discount on late-night flights

PIA offers 30 percent discount on late-night flights

Pakistan International Airlines (PIA) has offered 30 per cent special discount on late night flights (between 00:00 to 06:00 hrs) on selected domestic routes between Karachi-Lahore, Karachi-Islamabad, Karachi-Multan and Karachi-Faisalabad. This offer is e
Published 29 Nov, 2016 12:00am
Marfrig calls Asia main growth area

Marfrig calls Asia main growth area

Marfrig Global Foods SA, one of Brazil's main producers of beef, expects the Asia-Pacific region to be its principal motor for growth going forward after China and the United States opened their markets to Brazilian fresh beef in 2015, a company executive
Published 29 Nov, 2016 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold prices rose more than 1 percent on Monday, recovering from their lowest levels since February as the dollar and long-dated US Treasury bond yields retreated from recent highs. Spot gold was up 0.6 percent at $1,189.60 an ounce by 1532 GMT, after clim
Published 29 Nov, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose over 1 percent on Monday, recovering from 9-1/2 month lows, as the US dollar extended losses after touching a near 14-year high last week. Spot gold had gained 0.92 percent to $1,193.80 an ounce by 0532 GMT after climbing as high as $1,197.54 ea
Published 29 Nov, 2016 12:00am
Raw sugar and coffee rebound from multi-week lows
Currency

Raw sugar and coffee rebound from multi-week lows

Raw sugar and arabica coffee futures on ICE recovered from multi-week lows on Monday, as a jump in the Brazilian currency attracted some buying. Cocoa futures fell, bucking the firm move in larger markets as the 19-commodity Thomson Reuters CoreCommodity
Published 29 Nov, 2016 12:00am
Malaysian palm oil gains for sixth straight session

Malaysian palm oil gains for sixth straight session

Malaysian palm futures rose on Monday for a sixth straight session, helped by tight supplies and price forecasts by leading analysts at an industry conference on Friday. Benchmark palm oil futures for February delivery on the Bursa Malaysia Derivatives Ex
Published 29 Nov, 2016 12:00am
Tokyo rubber hits 1-1/2-year high

Tokyo rubber hits 1-1/2-year high

Benchmark Tokyo rubber futures came off early lows to hit 1-1/2-year highs on Monday as a surge in Shanghai futures and metals helped boost investors' risk appetite, dealers said. "Shanghai futures jumped again as local funds, or speculators, stepped up b
Published 29 Nov, 2016 12:00am
China's end October fuel inventory falls to 12-month low

China's end October fuel inventory falls to 12-month low

China's October fuel inventory fell almost 2 percent from the previous month to 15.83 million tonnes, the lowest level since October 2015, while crude oil stocks declined 1.9 percent to 30.36 million tonnes, data from the official Xinhua news agency showe
Published 29 Nov, 2016 12:00am
China-driven rally sends zinc to near decade high, lead soars

China-driven rally sends zinc to near decade high, lead soars

Zinc soared to a nine-year high on Monday and lead hit a five-year peak as reports of more infrastructure investment in China and signs of strong property investment in the world's top metals user sparked heavy buying. Zinc, used to galvanise steel, was t
Published 29 Nov, 2016 12:00am
Shanghai copper down; zine and lead up

Shanghai copper down; zine and lead up

Shanghai, zinc and lead surged as much as 7 percent while ShFE copper erased some of its earlier gains to trade over 2 percent higher at 49,380 yuan ($7,154)a tonne in volatile trade on Monday as a searing rally in metals gained steam on a softer dollar a
Published 29 Nov, 2016 12:00am
12th May case: SHC orders security to petitioner

12th May case: SHC orders security to petitioner

The Sindh High Court (SHC) on Monday adjourned hearing of the 12th May case for an indefinite period and ordered the concerned authorities to provide security to the petitioner of the case. A divisional bench of the Sindh High Court, headed by Justice Ahm
Published 29 Nov, 2016 12:00am
K-Electric converts over 104 PMTs on ABC

K-Electric converts over 104 PMTs on ABC

K-Electric on Monday said it has converted more than 104 'loss-incurring' pole-mounted transformers (PMTs) on Aerial Bundled Cables (ABC) during last week. The KE officials said as many as 800 PMTs have so far been converted on ABC since the power utility
Published 29 Nov, 2016 12:00am
Bugti murder case: BHC issues Musharraf's arrest warrants

Bugti murder case: BHC issues Musharraf's arrest warrants

Balochistan High Court on Monday issued arrest warrants for former president Pervez Musharraf in the Nawab Akbar Bugti murder case. An anti-terror court had earlier acquitted the former president in the Nawab Akbar Bugti murder case. An appeal had been fi
Published 29 Nov, 2016 12:00am
34 probationary officers visit civil secretariat

34 probationary officers visit civil secretariat

A 34-member delegation of the Pakistan administrative service's probationary officers participating in 39th specialised training programme of National School of Public Policy visited the civil secretariat on Monday. Director Staff Dr Muhammad Afzal headed
Published 29 Nov, 2016 12:00am
'Likely hacker attack' hits almost one million German homes

'Likely hacker attack' hits almost one million German homes

Internet service for almost one million households in Germany was disrupted by likely deliberate hacking, provider Deutsche Telekom said Monday. Around 900,000 customers using specific models of router have been affected since Sunday afternoon, the firm s
Published 29 Nov, 2016 12:00am
Bomb defused near US embassy in Philippines

Bomb defused near US embassy in Philippines

Police defused a bomb near the US embassy in the Philippine capital Monday, with militants who had declared allegiance to the Islamic State (IS) group likely behind the attempted terrorist attack, authorities said. A taxi passenger dropped the mortar bomb
Published 29 Nov, 2016 12:00am
Indonesian army chopper pilot saved, three crew dead

Indonesian army chopper pilot saved, three crew dead

The pilot of an Indonesian army helicopter has been rescued alive three days after the aircraft crashed on Borneo island, an official said Monday, but three other crew members were found dead. The injured airman was discovered along with the wreckage of t
Published 29 Nov, 2016 12:00am
UKIP names new leader to replace Trump ally Farage

UKIP names new leader to replace Trump ally Farage

The new leader of Britain's UKIP pledged Monday to bring the anti-EU party back together, as he took over from Brexit firebrand Nigel Farage following a tumultuous few months. Former history lecturer Paul Nuttall vowed unity in the party - a driving force
Published 29 Nov, 2016 12:00am
French left feuds as far-right bashes frontrunner Fillon

French left feuds as far-right bashes frontrunner Fillon

With the French right settled on its candidate in next year's presidential election, the left was openly feuding Monday over whether President Francois Hollande or his prime minister should be its standard-bearer. Manuel Valls, whose loyalty to Hollande w
Published 29 Nov, 2016 12:00am
EU, Moldova reaffirm ties after pro-Russian president elected

EU, Moldova reaffirm ties after pro-Russian president elected

The European Union and Moldova on Monday reaffirmed close ties which they said would not be affected by the recent election of a pro-Russian president. Socialist Party leader Igor Dodon won hotly disputed polls last month in an East-West tug of war over t
Published 29 Nov, 2016 12:00am
Zuma on the ropes as resignation calls grow

Zuma on the ropes as resignation calls grow

South African President Jacob Zuma on Monday faced the biggest challenge to his leadership since taking power in 2009 as the ruling ANC party debated his future and calls grew for him to resign. Zuma has been hit by a series of corruption scandals and dam
Published 29 Nov, 2016 12:00am
UN warns of 'humanitarian emergency' in Central Africa

UN warns of 'humanitarian emergency' in Central Africa

Nearly half the population of strife-torn Central African Republic needs humanitarian assistance, the UN said Monday, appealing for $399 million from donors to cover the country's aid needs next year. UN humanitarian Coordinator for Central Africa, Fabriz
Published 29 Nov, 2016 12:00am
Quake-triggered avalanche kills Nepali guide

Quake-triggered avalanche kills Nepali guide

A 43-year-old Nepali guide died and a British climber was injured on Monday when an earthquake triggered an avalanche on the Himalayan peak they were climbing, an expedition operator said. They were part of a 13-member team climbing the 6,812-metre (22,34
Published 29 Nov, 2016 12:00am
In major blow, Syria rebels lose all north-east Aleppo

In major blow, Syria rebels lose all north-east Aleppo

Syria's rebels lost all of the northern neighbourhoods of their stronghold in east Aleppo on Monday, as the army made significant advances in its offensive to recapture the entire city. The regime gains have prompted an exodus of thousands of desperate ci
Published 29 Nov, 2016 12:00am
Eight hurt in car, knife attack on Ohio State campus

Eight hurt in car, knife attack on Ohio State campus

At least eight people were injured in an apparent car-ramming and knife attack at Ohio State University on Monday, triggering an hours-long lockdown before authorities declared the campus secure. One suspect was shot and killed, the university said in a s
Published 29 Nov, 2016 12:00am
Kuwait cabinet steps down after parliament polls

Kuwait cabinet steps down after parliament polls

The Kuwaiti cabinet on Monday submitted its resignation to the emir of the oil-rich Gulf state following snap parliamentary polls, an official statement said. The move falls in line with the emirate's constitution which requires the cabinet to step down a
Published 29 Nov, 2016 12:00am
Three Canadian soldiers sexually assaulted, harassed every day

Three Canadian soldiers sexually assaulted, harassed every day

An average of three Canadian soldiers were sexually assaulted or harassed each day over the past year, usually by a superior, according to a survey released Monday. In total, about 960 soldiers reported to the government statistical agency being raped, gr
Published 29 Nov, 2016 12:00am
US airlines launch direct flights to Havana

US airlines launch direct flights to Havana

The United States and Cuba expanded air links on Monday, kicking off direct flights to Havana for the first time in more than 50 years. The departure of an American Airlines flight from Miami at 7:30 am (1230 GMT) came just days after the death of former
Published 29 Nov, 2016 12:00am
Three UN workers abducted in Darfur

Three UN workers abducted in Darfur

Armed men have abducted three UN refugee agency staffers, including two foreigners, from Sudan's strife-torn Darfur region, a local government official told AFP on Monday. "A group of armed men kidnapped yesterday three UNHCR workers, two Nepalese and a S
Published 29 Nov, 2016 12:00am
Britain faces new legal challenge over Brexit

Britain faces new legal challenge over Brexit

The British government on Monday faced the prospect of a fresh Brexit legal challenge over whether it will automatically leave the tariff-free European Economic Area when it quits the EU. Pro-EU think-tank British Influence said there was a "strong chance
Published 29 Nov, 2016 12:00am
Israel jails Palestinian for life for Tel Aviv killings

Israel jails Palestinian for life for Tel Aviv killings

Israel on Monday jailed a Palestinian for life for the 2015 killing of two Israelis and the wounding of a third in a Tel Aviv knife attack, the justice ministry said. A copy of the judgement of the Tel Aviv district court said Rayed Khalil, born in 1979,
Published 29 Nov, 2016 12:00am
EU extends Somalia anti-piracy operation by two years

EU extends Somalia anti-piracy operation by two years

The European Union on Monday extended its Somalia anti-piracy operation for another two years until end-2018 as Nato wound up its involvement, with virtually no attacks reported in recent years. The EU launched EUNAVFOR Operation Atalanta in 2008 as pirat
Published 29 Nov, 2016 12:00am
Pilots' strike pushes Lufthansa to cut 1,700 flights

Pilots' strike pushes Lufthansa to cut 1,700 flights

A renewed pilots' strike will ground around 1,700 flights at European aviation giant Lufthansa on Tuesday and Wednesday, the group said, as a long-running and costly battle over pay drags on. Around 180,000 passengers will be affected by the walkout, Luft
Published 29 Nov, 2016 12:00am
Soviet chess legend Taimanov dies

Soviet chess legend Taimanov dies

Mark Taimanov, a chess grandmaster who was ostracised by the Soviet authorities after losing to American Bobby Fischer during the Cold War, has died aged 90, Russia's chess federation said Monday. Taimanov was born in 1926 in Kharkiv, Ukraine, and moved t
Published 29 Nov, 2016 12:00am
Nine Kazakhs given jail terms up to life

Nine Kazakhs given jail terms up to life

A court in Kazakhstan convicted nine men on terrorism charges Monday, giving seven of them life sentences over attacks that killed seven people last summer, state media said Monday. State news agency Khabar.kz reported the two men not handed life sentence
Published 29 Nov, 2016 12:00am
India take firm control as England reeling

India take firm control as England reeling

Ravichandran Ashwin's fine all-round performance put India firmly in control of the third Test Monday, as he followed up a dominant innings of 72 with three wickets to leave England reeling on 78 for four. The visitors, who conceded a 134-run first-inning
Published 29 Nov, 2016 12:00am
Barca fail to break Sociedad hoodoo, Atletico bounce back

Barca fail to break Sociedad hoodoo, Atletico bounce back

Barcelona's winless streak at Real Sociedad stretched to eight games as the Spanish champions were outplayed in a 1-1 draw on Sunday that leaves them six points adrift of La Liga leaders Real Madrid. A sumptuous finish from Lionel Messi spared Barca's blu
Published 29 Nov, 2016 12:00am
China joint-venture to build Qatar World Cup stadium

China joint-venture to build Qatar World Cup stadium

A Chinese state-owned construction company will build the Qatar 2022 World Cup final stadium in a joint venture, Qatar's World Cup organisers said Monday. The China Railway Construction Corporation Limited and Qatari contractor HBK Contracting Co. W.L.L.
Published 29 Nov, 2016 12:00am
Taylor helps set Pakistan big target

Taylor helps set Pakistan big target

Ross Taylor shrugged off his eye problems to score a superb unbeaten century as New Zealand set Pakistan a formidable 369-run target to win the second Test on Monday. Taylor finished 102 not out despite only being cleared to play two days before the Test
Published 29 Nov, 2016 12:00am
Pakistan resist change in squad for Australia

Pakistan resist change in squad for Australia

Pakistan resisted the temptation to change and retained the same 16-man squad which is currently on tour in New Zealand for their upcoming series in Australia, their chief selector said Monday. The two-Test series in New Zealand will be completed on Tuesd
Published 29 Nov, 2016 12:00am
France tops elite footballer exports

France tops elite footballer exports

France exports more players than any other country to elite European leagues while Brazil has the most footballers operating in Europe as a whole, a sports study revealed on Monday. Barcelona's Neymar is just one of 469 Brazilians in the 31 European Leagu
Published 29 Nov, 2016 12:00am
Wapda felicitates boxer Waseem

Wapda felicitates boxer Waseem

The Pakistan Water and Power Development Authority (Wapda) and Wapda Sports Board (WSB) felicitated boxer Muhammad Waseem for defending World Boxing Council (WBC) Silver Flyweight title by defeating Philippine's Giemel Magramo in Seoul. In a statement iss
Published 29 Nov, 2016 12:00am
All-Pakistan Inter-University Women Squash begins

All-Pakistan Inter-University Women Squash begins

Iqra University, NUST, Punjab and Sargodha secured victories on the opening day of the All-Pakistan Inter-University Women Squash Championship, which got under way here at PSB Coaching Center Mohib Ullah Khan Squash Complex on Monday. Vice Chancellor Shah
Published 29 Nov, 2016 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars firmed against their US counterpart on Monday, as rising commodity prices and relatively high bond yields underpinned sentiment for carry trades. The Australian dollar edged up in light trading to $0.7456, from a low
Published 29 Nov, 2016 12:00am
Sterling drifts lower, unmoved by Vlieghe message
Currency

Sterling drifts lower, unmoved by Vlieghe message

Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains. The euro, also helped initially by Sund
Published 29 Nov, 2016 12:00am
Yuan jumps on state bank buying
Currency

Yuan jumps on state bank buying

State-owned Chinese banks sold dollars in the onshore spot market on Monday, in the wake of comments by a central banker that the yuan had the conditions to be stable and strong, two traders said. The banks' move amplified the impact of a slightly weaker
Published 29 Nov, 2016 12:00am
Asian forex: most emerging Asian currencies up
Currency

Asian forex: most emerging Asian currencies up

Most emerging Asian currencies rose on Monday as the dollar retreated from a near 14-year high with sliding oil prices dragging US Treasury yields lower, while doubts remained over further appreciation in regional units. China's yuan advanced as state-own
Published 29 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 Monday. 78.68-78.72 (previous 78.65-78.65).
Published 29 Nov, 2016 12:00am
Trumped-up dollar pauses for breath in Europe
Currency

Trumped-up dollar pauses for breath in Europe

The dollar steadied against a basket of major currencies on Monday along with US Treasury yields, taking a pause for breath after rallying sharply in the aftermath of Donald Trump's surprise victory in the US presidential election.
Published 29 Nov, 2016 12:00am
Dollar gives in to gravity and drops in Asia
Currency

Dollar gives in to gravity and drops in Asia

The dollar gave in to gravity on Monday and pulled further away from near 14-year highs as US Treasury yields eased from recent peaks. After rallying without pause for much of the month, the dollar index against a basket of major currencies shed 0.7 perce
Published 29 Nov, 2016 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee ended weaker on Monday a day ahead of the central bank's rate announcement, hurt by dollar demand from importers on fears that economic policies of US President-elect Donald Trump may lead to a rise in the greenback and trigger foreig
Published 29 Nov, 2016 12:00am
Britain's FTSE index slips as crude oil drops

Britain's FTSE index slips as crude oil drops

Britain's top share index retreated on Monday pulled lower by energy shares hit by a decline in oil prices and financial shares concerned over Italian banks. The bluechip FTSE 100 index was down 0.7 percent in morning trading after recent gains. The bench
Published 29 Nov, 2016 12:00am
Australian shares lower; New Zealand up

Australian shares lower; New Zealand up

Australian shares closed lower on Monday, dragged down by energy shares, after oil prices slipped on fears that producer countries meeting this week could fail to agree an output cut. The S&P/ASX 200 index fell 43.4 points or 0.79 percent to 5,464.4 at th
Published 29 Nov, 2016 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks rose to a near three-week high on Monday as Wall Street's record-closing highs bolstered market sentiment, paced by gains in techs and financial shares. Wall Street's three main indexes closed at record highs on Friday, helped by gains in co
Published 29 Nov, 2016 12:00am
TSX falls

TSX falls

Canada's main stock index fell on Monday as railroad, energy and financial names lost ground, offsetting gains for the materials group as base and precious metals prices rose. At 10:53 am EST (1553 GMT), the Toronto Stock Exchange's S&P/TSX composite inde
Published 29 Nov, 2016 12:00am
European shares fall, banks knocked by Italy jitters

European shares fall, banks knocked by Italy jitters

European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX Euro
Published 29 Nov, 2016 12:00am
Bluechips lead China stocks to a fresh 11-month high

Bluechips lead China stocks to a fresh 11-month high

China's blue-chip CIS300 Index rose for the sixth straight session, with upbeat industrial profit data strengthening belief that the Chinese economy has bottomed out, making risk assets such as equities more attractive than bonds. The bluechip CSI300 inde
Published 29 Nov, 2016 12:00am
Indian shares up

Indian shares up

Indian shares edged up on Monday with lenders being the biggest drag after the central bank unexpectedly ordered banks to deposit their extra cash with it, although overall sentiment was upbeat as Asian shares advanced. The Reserve Bank of India on Saturd
Published 29 Nov, 2016 12:00am
Southeast Asian stocks subdued

Southeast Asian stocks subdued

Vietnam stocks ended 1.6 percent lower on Monday, hurt by consumer staples and financials on foreign selling while other Southeast Asian markets were largely subdued as weaker oil prices weighed. "We have seen persistent foreign selling in index (stocks)
Published 29 Nov, 2016 12:00am
Hong Kong stocks surge

Hong Kong stocks surge

Hong Kong's stock market climbed to the highest closing level in nearly three weeks on Monday, with small-caps rising sharply in response to regulators announcing that a trading link between Hong Kong and Shenzhen will launch on December 5. Sentiment was
Published 29 Nov, 2016 12:00am
Tokyo's Nikkei index ends down
Currency

Tokyo's Nikkei index ends down

Tokyo's benchmark stock index closed lower on Monday, snapping a seven-day winning streak with exporters hit by a stronger yen and energy firms tumbling on lower oil prices. The Organization of the Petroleum Exporting Countries (Opec) will meet in Vienna
Published 29 Nov, 2016 12:00am
Sri Lankan shares hit near eight-month low

Sri Lankan shares hit near eight-month low

Sri Lankan shares fell on Monday to a near eight-month low, ahead of central bank policy rate announcement as investors kept to the sidelines amid concerns over budget tax proposals including revisions in corporate and withholding taxes. Analysts said inv
Published 29 Nov, 2016 12:00am
Second-tier stocks boost Saudi index, foreign money supports Egypt

Second-tier stocks boost Saudi index, foreign money supports Egypt

Strength in second-tier stocks favoured by local retail investors boosted Saudi Arabia's stock market on Monday, while foreign buying helped Egypt partially rebound from a drop on Sunday and most other Middle East bourses fell. Saudi Arabia's index climbe
Published 29 Nov, 2016 12:00am
WTO calls US state's Boeing subsidies illegal in win for EU

WTO calls US state's Boeing subsidies illegal in win for EU

Subsidies given by the US state of Washington to Boeing are illegal, the World Trade Organization said Monday, in a victory for rival aircraft maker Airbus and the European Union. The ruling from a WTO panel is the latest blow in a drawn out trans-Atlanti
Published 29 Nov, 2016 12:00am
OECD sees resurgent US growth boosting global economy

OECD sees resurgent US growth boosting global economy

Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the US economy, the OECD said on Monday, revising up its forecasts. In its twice-yearly Economic Out
Published 29 Nov, 2016 12:00am
Iraqi firms protest over unpaid government contracts

Iraqi firms protest over unpaid government contracts

Hundreds of Iraqi contractors gathered outside the finance ministry in Baghdad on Monday to protest over unpaid deals with the government. "We came from all over the country. We did our job but we never got paid and now we owe our own suppliers," Thaer Al
Published 29 Nov, 2016 12:00am
US shoppers spend less over holiday weekend amid discounting

US shoppers spend less over holiday weekend amid discounting

Early holiday promotions and a belief that deals will always be available took a toll on consumer spending over the Thanksgiving weekend as shoppers spent an average of 3.5 percent less than a year ago, the National Retail Federation said on Sunday. The N
Published 29 Nov, 2016 12:00am
China will stick to 'going out' strategy amid outflow concerns
Currency

China will stick to 'going out' strategy amid outflow concerns

China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital fleeing the country. Officials from the National Development and Reform Comm
Published 29 Nov, 2016 12:00am
Tata Steel inks deal for talks on UK asset sale
Currency

Tata Steel inks deal for talks on UK asset sale

India's Tata Steel said on Monday that it has agreed to start exclusive talks for the sale of its speciality steel assets to metal processing firm Liberty House. The unit, which has activities mostly in Britain but also in China, employs 1,700 people and
Published 29 Nov, 2016 12:00am
BIS urges Basel regulators to keep nerve on bank capital rules

BIS urges Basel regulators to keep nerve on bank capital rules

Regulators should complete work on their new bank capital rules without diluting them, otherwise it would be harder to draw a line under the financial crisis, a global central banking official said on Monday. Claudio Borio, head of the monetary and econom
Published 29 Nov, 2016 12:00am
Eurozone loan growth creeps up in October
Currency

Eurozone loan growth creeps up in October

Growth in borrowing by businesses and households in the eurozone picked up only slightly in October, the European Central Bank said Monday, firming up analysts' expectations it will extend monetary easing next week. ECB policies are aimed at boosting grow
Published 29 Nov, 2016 12:00am
European feeds: soyaoil little changed due to lack of leads

European feeds: soyaoil little changed due to lack of leads

Soyameal offers on the European meals and feeds market were in a tight range on Friday in the absence of direction from Chicago markets after the Thanksgiving holiday on Thursday. "The market overall was quiet as buyers still believe Chicago is overbought
Published 29 Nov, 2016 12:00am
Activities of Karachi and Port Qasim

Activities of Karachi and Port Qasim

The Karachi Port handled 149,340 tonnes of cargo comprising 83,575 tonnes of import cargo and 65,765 tonnes of export cargo including 3,884 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 83,5
Published 29 Nov, 2016 12:00am
China's October net gold imports hit three-month high

China's October net gold imports hit three-month high

Top consumer China's net gold imports via main conduit Hong Kong rose 15.8 percent in October to the highest in three months, data showed on Thursday, as the price of the metal touched a four-month low during that month. Spot gold extended losses in Octob
Published 29 Nov, 2016 12:00am
Palm oil firmer on European vegoils market
Currency

Palm oil firmer on European vegoils market

Palm oil offers on the European vegetable oils market were slightly firmer on Friday on the back of stronger Malaysian palm oil futures due to a weaker ringgit and expectations of lower production. Palm oil was offered between $2.50 a tonne down and $5 up
Published 29 Nov, 2016 12:00am
US Midwest soya bids mostly unchanged

US Midwest soya bids mostly unchanged

Spot basis bids for soyabeans were mostly unchanged in the US Midwest on Friday afternoon, despite active farmer sales, grain merchants said. Soya basis bids declined by 2 cents per bushel at an Iowa processor. Strong export and easing dollar pushed soyab
Published 29 Nov, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, touching a 6-1/2 month high on spillover support from strong soyabean prices, and notched a weekly gain. Attractive crush margins stoked commercial interest, but farmer selling to the cash pipeline limited gains
Published 29 Nov, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,001. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.66 billion and the number of lots traded was 21,270. Major business was contributed by curr
Published 29 Nov, 2016 12:00am
Cotton marker: prices soar on strong demand
Cotton

Cotton marker: prices soar on strong demand

Prices soared on the cotton market on Monday in the process of trading, dealer said. The official spot rate was higher by Rs 150 to Rs 6300, they said. In Sindh, seed cotton prices were at Rs 2400-3200, they said. In Punjab, phutti rates were at Rs 2800 a
Published 29 Nov, 2016 12:00am
EU wheat prices mostly little changed

EU wheat prices mostly little changed

Western European wheat prices were mostly little changed on Friday as traders made technical adjustments during a holiday lull on US grain markets. Rapeseed futures in Europe again showed sharper movements as a slide in crude oil encouraged rapeseed to pu
Published 29 Nov, 2016 12:00am
US natural gas futures rise to four-week high

US natural gas futures rise to four-week high

US natural gas futures climbed about two percent amid December options expiry on Friday to touch a near four-week high, following through from their gains on Wednesday despite forecasts for above-normal temperatures the next couple of weeks. Front-month g
Published 29 Nov, 2016 12:00am
China's October coal imports up
Currency

China's October coal imports up

China's coal imports from North Korea rose in October after falling more than a quarter in September from the previous month amid a push from the United States to punish North Korea for its recent nuclear test. Coal imports from North Korea climbed 1.22 p
Published 29 Nov, 2016 12:00am
US FOB Gulf soya, corn offers unchanged

US FOB Gulf soya, corn offers unchanged

Export premiums for soyabeans and corn shipped from the US Gulf Coast were flat on Friday, stabilising after declining earlier this week in light trading following Thursday's US Thanksgiving Day holiday, traders said. Many market participants still were a
Published 29 Nov, 2016 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade fell on Friday, led by the spot December contract in a shortened session following the US Thanksgiving holiday. CBOT December wheat settled down 5-3/4 cents at $3.95-3/4 per bushel, losing to back months on spre
Published 29 Nov, 2016 12:00am
China's October sugar imports drop 70 percent

China's October sugar imports drop 70 percent

China's October sugar imports dropped around 70 percent from the year before to their lowest level since February at 110,000 tonnes, as high global prices curbed purchases. That was also down sharply on arrivals of 500,000 tonnes in the previous month, cu
Published 29 Nov, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot cash basis bids for hard red winter (HRW) wheat were flat in the southern US Plains on Friday and farmer selling was quiet following the Thanksgiving holiday, dealers said. Premiums for wheat shipped to and through Kansas City were unchanged. The US
Published 29 Nov, 2016 12:00am
EU exports 9.4 million tonnes of soft wheat this week

EU exports 9.4 million tonnes of soft wheat this week

The European Union exported 481,000 tonnes of soft wheat in the week to November 22, taking the total so far in the 2016/17 season that started on July 1 to 9.4 million tonnes, official data showed on Thursday. The cumulative volume so far in 2016/17 was
Published 29 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 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 29 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 29 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 Monday (November 28, 2016).

Published 29 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 Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 28, 2016).
Published 29 Nov, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (November 28, 2016).

Published 29 Nov, 2016 12:00am
Realty sector, provincial ST adjustment: Ordinances extended by 120 days

Realty sector, provincial ST adjustment: Ordinances extended by 120 days

The Opposition staged a walkout from the National Assembly in protest against the extension-for a further period of 120 days- in "The Income Tax (Amendment) Ordinance, 2016," which is related to valuation of immovable properties, and "The Tax Laws (Amendm
Published 29 Nov, 2016 12:00am
Realty sector, provincial ST adjustment: Ordinances extended by 120 days

Realty sector, provincial ST adjustment: Ordinances extended by 120 days

The Opposition staged a walkout from the National Assembly in protest against the extension-for a further period of 120 days- in "The Income Tax (Amendment) Ordinance, 2016," which is related to valuation of immovable properties, and "The Tax Laws (Amendm
Published 29 Nov, 2016 12:00am
Realty sector, provincial ST adjustment: Ordinances extended by 120 days

Realty sector, provincial ST adjustment: Ordinances extended by 120 days

The Opposition staged a walkout from the National Assembly in protest against the extension-for a further period of 120 days- in "The Income Tax (Amendment) Ordinance, 2016," which is related to valuation of immovable properties, and "The Tax Laws (Amendm
Published 29 Nov, 2016 12:00am
PSX sets new record high

PSX sets new record high

A positive trend continued on Pakistan Stock Exchange (PSX) on Monday and the benchmark KSE-100 index gained another 61.05 points to close at new high of 43,060.71 points. Daily trading volumes however declined to 460.221 million shares as compared to 502
Published 29 Nov, 2016 12:00am
PSX sets new record high

PSX sets new record high

A positive trend continued on Pakistan Stock Exchange (PSX) on Monday and the benchmark KSE-100 index gained another 61.05 points to close at new high of 43,060.71 points. Daily trading volumes however declined to 460.221 million shares as compared to 502
Published 29 Nov, 2016 12:00am
PSX sets new record high

PSX sets new record high

A positive trend continued on Pakistan Stock Exchange (PSX) on Monday and the benchmark KSE-100 index gained another 61.05 points to close at new high of 43,060.71 points. Daily trading volumes however declined to 460.221 million shares as compared to 502
Published 29 Nov, 2016 12:00am
BRIndex30 up 44.61 points

BRIndex30 up 44.61 points

On Monday, BRIndex30 opened at 24,510.10 points. It touched an intraday high of 24,673.23 points and an intraday low of 24,477.83 and closed at 24,554.71 which was 44.61 points or 0.18 percent higher than previous close. Total volume was 180,993,200, whic
Published 29 Nov, 2016 12:00am
BRIndex30 up 44.61 points

BRIndex30 up 44.61 points

On Monday, BRIndex30 opened at 24,510.10 points. It touched an intraday high of 24,673.23 points and an intraday low of 24,477.83 and closed at 24,554.71 which was 44.61 points or 0.18 percent higher than previous close. Total volume was 180,993,200, whic
Published 29 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Nov, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Nov, 2016 12:00am
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