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Archive - 2017-03-30
Bullion Prices on Thursday
Markets

Bullion Prices on Thursday

KARACHI: Following were the Bullion Prices in Karachi, Lahore on Thursday. KARACHI: (per 10 gram) Gold T
Published 30 Mar, 2017 04:59pm
Wild Honey Of 'Apis Dorsata' by Eric Valli
Featured Photos

Wild Honey Of 'Apis Dorsata' by Eric Valli

Wild Honey Of ‘Apis Dorsata’ Nature, first prize stories 1987 Mani Lal (63) collects the wild honey of 'a
Published 30 Mar, 2017 09:32am
Armero Eruption by Carol Guzy
Featured Photos

Armero Eruption by Carol Guzy

Armero Eruption Spot News, second prize singles 00-11-1985 An arm protrudes through the mud. When volcano
Published 30 Mar, 2017 08:41am
The Power Of Nature by Sergio Tapiro
Featured Photos

The Power Of Nature by Sergio Tapiro

The Power of Nature Nature, prize stories December 13, 2015 Colima Volcano erupts with rock showers, light
Published 30 Mar, 2017 08:04am
What is driving economy?
Miscellaneous

What is driving economy?

Numbers don't lie. Look at the GDP graph; in nominal terms, it changed gears in FY02 and the turbo is on since then - It
Published 30 Mar, 2017 05:43am
What next for Reko Diq?
Miscellaneous

What next for Reko Diq?

This year, the mighty and much-desired Reko Diq copper-gold deposits celebrate the silver jubilee of their 1992 discover
Published 30 Mar, 2017 05:39am
Greece, EU/IMF lenders agree on key labour reforms, pension cuts

Greece, EU/IMF lenders agree on key labour reforms, pension cuts

Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues, moving closer to clinching a deal before a meeting of euro zone finance ministers on April 7, sources close to the talks said on Wednesday. The European Commission
Published 30 Mar, 2017 12:00am
Moot on 'Management of Pakistan economy' held at LSE

Moot on 'Management of Pakistan economy' held at LSE

Pakistan's economic system is stable and the country's $300 billion economy in current dollar terms and $1 trillion economy in Purchasing Power Parity terms is growing under the impact of the sizeable purchasing power of a huge middle class (roughly 50 pe
Published 30 Mar, 2017 12:00am
ECB replaces Brussels head, annuls four hires after rule breach

ECB replaces Brussels head, annuls four hires after rule breach

The European Central Bank has replaced the head of its Brussels office and annulled four more appointments after staff complaints about unlawful hirings and promotions, internal documents seen by Reuters show. The documents show repeated violations of the
Published 30 Mar, 2017 12:00am
PPL to supply gas to TPSG by enhancing production, ECC told

PPL to supply gas to TPSG by enhancing production, ECC told

A meeting of the Economic Co-ordination Committee of the Cabinet has been informed that Pakistan Petroleum Limited (PPL) has agreed to increase the production of gas at its Kandhkot field from 200 to 250mmcfd for supplying it to the Thermal Power Station
Published 30 Mar, 2017 12:00am
China expands insurers' funding role in manufacturing sector upgrades

China expands insurers' funding role in manufacturing sector upgrades

China said on Tuesday it would expand the scope for insurance companies to provide more low-cost and long-term funds for the manufacturing sector as part of a broader effort to ramp up financial support for struggling manufacturers to upgrade.
Published 30 Mar, 2017 12:00am
ICCI inks protocol of cooperation with Cairo Chamber

ICCI inks protocol of cooperation with Cairo Chamber

Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday signed a Protocol of Co-operation with Cairo Chamber of Commerce (CCC) to further improve bilateral trade and economic relations between Pakistan and Egypt. Khalid Iqbal Malik, President, ICCI
Published 30 Mar, 2017 12:00am
Swedish economy strong, but no rate hike until late 2018

Swedish economy strong, but no rate hike until late 2018

Sweden's underlying inflation remains sluggish, despite stronger than expected economic growth, and the central bank will have to postpone its first interest rate hike in nearly six years until late 2018, an economic think-tank said on Wednesday. The Riks
Published 30 Mar, 2017 12:00am
Insider trading: SECP files complaint against bank employee

Insider trading: SECP files complaint against bank employee

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against an employee of a leading bank for his alleged involvement in insider trading. The main accused, Syed Misbah Uddin Rizvi, was serving as head, equity and capit
Published 30 Mar, 2017 12:00am
China-led AIIB approves $60 million to finance Bangladesh gas project

China-led AIIB approves $60 million to finance Bangladesh gas project

The Beijing-based Asian Infrastructure Investment Bank (AIIB) will provide Bangladesh loans worth $60 million to address the country's gas supply deficit, the AIIB said on Tuesday. The fund will be used to help Bangladesh's Natural Gas Infrastructure and
Published 30 Mar, 2017 12:00am
CEO EDB accused of making irregular posting

CEO EDB accused of making irregular posting

Just two days before the expiry of a two-year contract as Chief Executive Officer (CEO) of Engineering Development Board (EDB), Tariq Ejaz Chaudhry has been accused of making the irregular posting of his "all weather tested" friend as General Manager (Pol
Published 30 Mar, 2017 12:00am
Thai central bank hikes 2017 growth forecasts, holds key rate

Thai central bank hikes 2017 growth forecasts, holds key rate

Thailand's central bank raised its forecasts for 2017 economic growth and exports while leaving the key interest rate where it has been for nearly two years. As expected, the Bank of Thailand's Monetary Policy Committee (MPC) on Wednesday voted unanimousl
Published 30 Mar, 2017 12:00am
Dignified return of TDPs top priority: Jhagra

Dignified return of TDPs top priority: Jhagra

Governor Khyber Pakhtunkhwa Engr. Iqbal Zafar Jhagra has said that complete and dignified return, rehabilitation and facilitation of TDPs was the top priority of the incumbent government and the concerned officials have been instructed to ensure provision
Published 30 Mar, 2017 12:00am
Argentina poverty rate dips as economy begins rebound

Argentina poverty rate dips as economy begins rebound

Argentina's economic activity grew in January compared with the same month the prior year and the country's poverty rate fell in the second half of 2016, government data showed on Tuesday, suggesting the economy has begun a rebound after a tough recession
Published 30 Mar, 2017 12:00am
3G/4G users' number crosses 38.96 million mark

3G/4G users' number crosses 38.96 million mark

There has been a constant increase in the number of 3G/4G users in Pakistan for the past many months, as the number reached 38.962 million by end of February 2017 against 38.269 million by end-January 2017, Pakistan Telecommunication Authority (PTA) docum
Published 30 Mar, 2017 12:00am
Top Russian carmaker Avtovaz planning to delist from Moscow Exchange

Top Russian carmaker Avtovaz planning to delist from Moscow Exchange

Russia's largest carmaker Avtovaz is planning to delist from the Moscow Exchange after a secondary share offering later this year, two sources familiar with the matter told Reuters. The move would allow Avtovaz, majority-owned by French car giant Renault
Published 30 Mar, 2017 12:00am
Peace is prime responsibility of state: AIGP

Peace is prime responsibility of state: AIGP

The Acting Inspector General of Police (AIGP) Khyber Pakhtunkhwa, Syed Akhtar Ali Shah has said that it was the prime responsibility of the state to provide peace and ensure serenity in the society where every citizen could freely enjoy basic sights parti
Published 30 Mar, 2017 12:00am
Army derives satisfaction from Haqqani's views

Army derives satisfaction from Haqqani's views

Military has said that the views of former Ambassador to US Husain Haqqani published in a mainstream US newspaper, especially his account on issue of visas to CIA operatives, has vindicated the stance of Pakistan's state institutions. In his first reactio
Published 30 Mar, 2017 12:00am
CPEC to boost trade activities in new era of progress: Mamnoon

CPEC to boost trade activities in new era of progress: Mamnoon

President Mamnoon Hussain has said that after the completion of China-Pakistan Economic Corridor (CPEC) project, Pakistan and the region will connect to the world in a new way through ground, sea and air links which will bolster trade and business activit
Published 30 Mar, 2017 12:00am
Army derives satisfaction from Haqqani's views

Army derives satisfaction from Haqqani's views

Military has said that the views of former Ambassador to US Husain Haqqani published in a mainstream US newspaper, especially his account on issue of visas to CIA operatives, has vindicated the stance of Pakistan's state institutions. In his first reactio
Published 30 Mar, 2017 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Chicago Board of Trade May wheat futures closed higher Tuesday in a light rebound from multi-month lows set a day earlier, traders said. Large speculators including commodity funds hold a hefty net short position in CBOT wheat, leaving the market prone to
Published 30 Mar, 2017 12:00am
Minister for inclusion of public welfare projects in ADP 2017-18

Minister for inclusion of public welfare projects in ADP 2017-18

KP Minister for Elementary and Secondary (E&S) Education, Muhammad Atif Khan has directed the high-ups of his department to include such projects in the upcoming Annual Development Programme (ADP) 2017-18 based on public welfare and reflects the policies
Published 30 Mar, 2017 12:00am
OIC's IPHRC team visits AJK

OIC's IPHRC team visits AJK

A high-ranking delegation of the Independent Permanent Human Rights Commission (IPHRC) of OIC visited Azad Jammu and Kashmir to gather first-hand information with regard to Indian brutalities and human rights violations in the occupied Jammu and Kashmir.
Published 30 Mar, 2017 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures climbed on Tuesday for a second straight day, as optimism about export demand spurred short covering. Talk of cancelled shipments last week pressured prices, but thoughts that other buyers are stepping in with prices near multi
Published 30 Mar, 2017 12:00am
FBR activates ADRCs, notifies panel

FBR activates ADRCs, notifies panel

The Federal Board of Revenue (FBR) has activated the alternative dispute resolution committees (ADRCs) and notified new panel of eminent chartered accountants, advocates, representative of trade bodies or associations and reputable taxpayers for constitut
Published 30 Mar, 2017 12:00am
OIC's IPHRC team visits AJK

OIC's IPHRC team visits AJK

A high-ranking delegation of the Independent Permanent Human Rights Commission (IPHRC) of OIC visited Azad Jammu and Kashmir to gather first-hand information with regard to Indian brutalities and human rights violations in the occupied Jammu and Kashmir.
Published 30 Mar, 2017 12:00am
Thin business on cotton market
Cotton

Thin business on cotton market

Thin business was witnessed on the cotton market on Wednesday as a few mills showed interest in fresh buying, dealers said. The official spot rate was unchanged at Rs 6750, they said. In Punjab, prices of seed cotton were at Rs 3700-3800, as per 40 kg, th
Published 30 Mar, 2017 12:00am
Oil rises two percent as supplies seen tightening

Oil rises two percent as supplies seen tightening

Oil prices rose more than 2 percent on Wednesday as US crude inventories grew less than expected, supply disruptions continued in Libya and the OPEC-led output cut by producing countries looked likely to be extended. US crude futures surged to nearly a tw
Published 30 Mar, 2017 12:00am
Ministry pushes CPPA-G to penalize IPPs

Ministry pushes CPPA-G to penalize IPPs

The Ministry of Water and Power has reportedly pushed Central Power Purchasing Agency-Guaranteed Limited (CPPA-G) to penalize the Independent Power Producers (IPPs) and dispute the invoices which have already been cleared by the power purchaser, sources c
Published 30 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 189,528 tonnes of cargo comprising 163,772 tonnes of import cargo and 25,756 tonnes of export cargo including 7,186 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 30 Mar, 2017 12:00am
ICE cotton futures fall to one-month low
Cotton

ICE cotton futures fall to one-month low

ICE cotton futures fell 1 percent to their lowest in a month on Wednesday as traders remained wary and liquidated positions ahead of a federal crop plantations report later this week. The May cotton contract on ICE Futures US settled 0.96 percent lower at
Published 30 Mar, 2017 12:00am
Ministry pushes CPPA-G to penalize IPPs

Ministry pushes CPPA-G to penalize IPPs

The Ministry of Water and Power has reportedly pushed Central Power Purchasing Agency-Guaranteed Limited (CPPA-G) to penalize the Independent Power Producers (IPPs) and dispute the invoices which have already been cleared by the power purchaser, sources c
Published 30 Mar, 2017 12:00am
Russian wheat export prices fall on weaker demand

Russian wheat export prices fall on weaker demand

Russian wheat export prices fell last week due to lower demand from Egypt and Turkey, the two largest buyers, and because of the rouble's strength against the dollar, an analyst said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein
Published 30 Mar, 2017 12:00am
US MIDDAY: gold ticks up
Currency

US MIDDAY: gold ticks up

Gold edged up on Wednesday, hovering below Monday's one-month high as uncertainty about Brexit talks, French elections and US President Donald Trump's economic policies boosted safe-haven buying and offset a firmer dollar. Spot gold was up 0.05 percent at
Published 30 Mar, 2017 12:00am
Ministry pushes CPPA-G to penalize IPPs

Ministry pushes CPPA-G to penalize IPPs

The Ministry of Water and Power has reportedly pushed Central Power Purchasing Agency-Guaranteed Limited (CPPA-G) to penalize the Independent Power Producers (IPPs) and dispute the invoices which have already been cleared by the power purchaser, sources c
Published 30 Mar, 2017 12:00am
EU wheat futures rise on bargain buying

EU wheat futures rise on bargain buying

European wheat futures rose on bargain buying on Tuesday after eight sessions sessions of falls. May milling wheat on Paris-based Euronext was up 1.5 euros, or 0.9 percent, at 167.25 euros a tonne by 1617 GMT after touching a contract low of 165.25 euros
Published 30 Mar, 2017 12:00am
US MIDDAY: soyabean, corn futures weaken

US MIDDAY: soyabean, corn futures weaken

US corn, soyabean and wheat futures were narrowly lower on Wednesday as investors squared positions ahead of US Department of Agriculture plantings and grain stocks data on Friday, traders and analysts said. Each commodity was holding above multimonth low
Published 30 Mar, 2017 12:00am
Dasu Hydropower Project: WAPDA secures Rs 144 billion local financing

Dasu Hydropower Project: WAPDA secures Rs 144 billion local financing

In yet another significant development, the Pakistan Water and Power Development Authority (WAPDA) secured Rs 144 billion for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank
Published 30 Mar, 2017 12:00am
PMEX daily trading report

PMEX daily trading report

On Tuesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,008. The total traded value was recorded at PKR 6.97 billion and the number of lots traded was 16,398. Major business was contributed by currencies through COTS amountin
Published 30 Mar, 2017 12:00am
Gold soars in Europe
Currency

Gold soars in Europe

Gold edged up on Wednesday, as uncertainty about Brexit talks, French elections and US President Donald Trump's economic policies boosted safe-haven buying and offset a firmer dollar. Spot gold was up 0.1 percent at $1,252.11 per ounce at 1505 GMT. US gol
Published 30 Mar, 2017 12:00am
Dasu Hydropower Project: WAPDA secures Rs 144 billion local financing

Dasu Hydropower Project: WAPDA secures Rs 144 billion local financing

In yet another significant development, the Pakistan Water and Power Development Authority (WAPDA) secured Rs 144 billion for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank
Published 30 Mar, 2017 12:00am
CBOT soyabeans higher after choppy session

CBOT soyabeans higher after choppy session

Chicago Board of Trade soyabeans settled modestly higher on Tuesday after a choppy session, with the spot May contract staying above a 5-1/2 month low set a day earlier. CBOT May soyabeans settled up 1/2 cent at $9.72 per bushel but stayed above Monday's
Published 30 Mar, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold inched down on Wednesday in the face of a key technical resistance and talks on further rate hikes this year saw the dollar move away from multi-month lows amid rising equities. "A resurgent US dollar, along with higher US yields and equities has tak
Published 30 Mar, 2017 12:00am
Dasu Hydropower Project: WAPDA secures Rs 144 billion local financing

Dasu Hydropower Project: WAPDA secures Rs 144 billion local financing

In yet another significant development, the Pakistan Water and Power Development Authority (WAPDA) secured Rs 144 billion for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank
Published 30 Mar, 2017 12:00am
Ghana's 2016-17 cocoa purchases rise

Ghana's 2016-17 cocoa purchases rise

Cocoa purchases declared to Ghana's industry regulator stood at 671,351 tonnes between the start of the 2016-17 season on October 1 and March 9, 1.5 percent higher than the same period last season, Cocobod data showed. The figure, representing purchases f
Published 30 Mar, 2017 12:00am
Gold falls in New York

Gold falls in New York

Gold prices turned lower on Tuesday, after nearing the prior session's one-month high, as the US dollar, Treasury yields and stock markets extended gains. Bullion was higher earlier on support from US political and economic uncertainty and expectations of
Published 30 Mar, 2017 12:00am
Shipping lines agree to withdraw surcharge

Shipping lines agree to withdraw surcharge

The shipping lines have agreed to withdraw Port Congestion Surcharge with immediate effect. According to a press release issued by Karachi Port Trust (KPT), Pakistan International Freight Forwarders Association (PIFFA) and Federation of Pakistan Chambers
Published 30 Mar, 2017 12:00am
10th International Mobile Commerce Conference in Pakistan

10th International Mobile Commerce Conference in Pakistan

I am so delighted to present 10th consecutive year of country's premier Mobile Commerce Conference. With the support of Stat Bank of Pakistan and Pakistan Telecommunication Authority, the event is now a permanent and key feature of technology map of Pakis
Published 30 Mar, 2017 12:00am
Raw sugar sinks to 10-month low, cocoa slips

Raw sugar sinks to 10-month low, cocoa slips

Raw sugar futures fell sharply to a 10-month trough on Wednesday, after the prior session's move lower formed a technical bearish flag and triggered a fresh bout of selling, while cocoa slumped amid enduring worries about ample supplies.
Published 30 Mar, 2017 12:00am
Shipping lines agree to withdraw surcharge

Shipping lines agree to withdraw surcharge

The shipping lines have agreed to withdraw Port Congestion Surcharge with immediate effect. According to a press release issued by Karachi Port Trust (KPT), Pakistan International Freight Forwarders Association (PIFFA) and Federation of Pakistan Chambers
Published 30 Mar, 2017 12:00am
Capitalizing on eCommerce's success for mCommerce Onboarding

Capitalizing on eCommerce's success for mCommerce Onboarding

'On the go' is a phrase that best suits and best fits the E&M commerce industry of today's era. The invention of ecommerce industry dates back to 1991 with the old notion of 'sell & buy'. 2000 was the year that witnessed the online retailing business actu
Published 30 Mar, 2017 12:00am
Palm oil sees second straight gain on soyaoil

Palm oil sees second straight gain on soyaoil

Malaysian palm oil futures rose for a second consecutive session on Wednesday, supported by strength in soyaoil on the Chicago Board of Trade and a weaker ringgit. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange ros
Published 30 Mar, 2017 12:00am
Shipping lines agree to withdraw surcharge

Shipping lines agree to withdraw surcharge

The shipping lines have agreed to withdraw Port Congestion Surcharge with immediate effect. According to a press release issued by Karachi Port Trust (KPT), Pakistan International Freight Forwarders Association (PIFFA) and Federation of Pakistan Chambers
Published 30 Mar, 2017 12:00am
Chief Executive Officer TPS

Chief Executive Officer TPS

Shahzad Shahid is the CEO of TPS, a leading Cards & Payments solutions provider with global clientele. In its 20 years of existence, TPS has played an important role in mass adoption of electronic payments particularly in South Asia. Throughout his career
Published 30 Mar, 2017 12:00am
PSDP 2016-17: only 63 percent of allocation released

PSDP 2016-17: only 63 percent of allocation released

The government has released Rs 505 billion (63 percent), including Rs 122 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs 800 billion. Accordi
Published 30 Mar, 2017 12:00am
M3 Technologies Mobile Commerce Conference 2017

M3 Technologies Mobile Commerce Conference 2017

Globally, the banking industry is undergoing a substantial change which is in response to regulators who are now more intolerant to gaps in technology and processes. These regulators at the same time are becoming more sophisticated and intrusive. This cha
Published 30 Mar, 2017 12:00am
PSDP 2016-17: only 63 percent of allocation released

PSDP 2016-17: only 63 percent of allocation released

The government has released Rs 505 billion (63 percent), including Rs 122 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs 800 billion. Accordi
Published 30 Mar, 2017 12:00am
Digital transformation journey of banking in Pakistan

Digital transformation journey of banking in Pakistan

Today, at the Mobile Commerce event, TPS is launching Iris Moneyfor Pakistani market. The solution not only caters to the agency banking needs of the emerging market but it also enables the banks to withstand the strong digital banking wave.
Published 30 Mar, 2017 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures extended gains on Wednesday as a weaker yen and low Japanese inventories helped support the market, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have sl
Published 30 Mar, 2017 12:00am
PSDP 2016-17: only 63 percent of allocation released

PSDP 2016-17: only 63 percent of allocation released

The government has released Rs 505 billion (63 percent), including Rs 122 billion foreign aid, for different development projects under the Public Sector Development Programme (PSDP) 2016-17 against the total budgeted allocation of Rs 800 billion. Accordi
Published 30 Mar, 2017 12:00am
Aluminium touches near two-year high on China optimism, copper up

Aluminium touches near two-year high on China optimism, copper up

Aluminium hit its highest level in nearly two years on Wednesday, supported by optimism that China would carry out plans to cut supply and by a rebound in the oil price. Three-month aluminium on the London Metal Exchange (LME) climbed 0.8 percent to close
Published 30 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 30 Mar, 2017 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper was up 2.6 percent at 47,530 yuan ($6,897) a tonne on Wednesday and ShFE zinc rallied 3.5 percent buoyed by brighter data from the United States and expectations of seasonally improving second-quarter demand.
Published 30 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 30 Mar, 2017 12:00am
Calls for unity as Arab leaders meet

Calls for unity as Arab leaders meet

Arab leaders looked to overcome divisions and "foreign interference" on regional crises including the devastating wars in Syria and Yemen as they met Wednesday for an annual summit in Jordan. A show of unity was expected on the Israeli-Palestinian questio
Published 30 Mar, 2017 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 30 Mar, 2017 12:00am
146 migrants feared missing after boat capsizes in Med

146 migrants feared missing after boat capsizes in Med

About 146 migrants are feared missing after their boat capsized after leaving Libya, according to a Gambian man who was rescued following the disaster, the United Nations' refugee agency said Wednesday.
Published 30 Mar, 2017 12:00am
Dr Asim granted bail

Dr Asim granted bail

Sindh High Court (SHC) on Wednesday granted bail to former Petroleum minister Dr Asim Hussain on medical grounds in two corruption references worth Rs 479 billion. Justice Aftab Ahmed Gorar of SHC accepted bail applications of the former Petroleum ministe
Published 30 Mar, 2017 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 30 Mar, 2017 12:00am
Major French banks financing Israeli settlements: rights report

Major French banks financing Israeli settlements: rights report

Four major French banks and one big insurer are financing Israeli settlements in occupied Palestinian territories through links to local banks and businesses, a report by the International Federation for Human Rights said Wednesday.
Published 30 Mar, 2017 12:00am
Dr Asim granted bail

Dr Asim granted bail

Sindh High Court (SHC) on Wednesday granted bail to former Petroleum minister Dr Asim Hussain on medical grounds in two corruption references worth Rs 479 billion. Justice Aftab Ahmed Gorar of SHC accepted bail applications of the former Petroleum ministe
Published 30 Mar, 2017 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 (March 29, 2017).

Published 30 Mar, 2017 12:00am
Pilot killed in Libya fighter jet crash

Pilot killed in Libya fighter jet crash

A Libyan air force pilot was killed Wednesday as his fighter jet crashed in the east of the country after carrying out strikes on a nearby jihadist stronghold, a military source said.
Published 30 Mar, 2017 12:00am
Bears tighten grip

Bears tighten grip

Pakistan Stock Exchange (PSX) Wednesday opened on a positive note and the KSE-100 index hit 48,909.04 points intra-day high, up 385.63 points. However, selling pressure after mid-session pushed the index into the negative territory and the index closed in
Published 30 Mar, 2017 12:00am
AFPTV and BBC sign multi-year agreement

AFPTV and BBC sign multi-year agreement

The BBC has selected AFPTV, the video news division of AFP, as a key supplier under a multi-year agreement announced on Wednesday. The British broadcaster will receive edited and live video from Paris-headquartered AFPTV to use on all of its platforms, fr
Published 30 Mar, 2017 12:00am
Bears tighten grip

Bears tighten grip

Pakistan Stock Exchange (PSX) Wednesday opened on a positive note and the KSE-100 index hit 48,909.04 points intra-day high, up 385.63 points. However, selling pressure after mid-session pushed the index into the negative territory and the index closed in
Published 30 Mar, 2017 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 (March 29, 2017).

Published 30 Mar, 2017 12:00am
AFPTV and BBC sign multi-year agreement

AFPTV and BBC sign multi-year agreement

The BBC has selected AFPTV, the video news division of AFP, as a key supplier under a multi-year agreement announced on Wednesday. The British broadcaster will receive edited and live video from Paris-headquartered AFPTV to use on all of its platforms, fr
Published 30 Mar, 2017 12:00am
Bears tighten grip

Bears tighten grip

Pakistan Stock Exchange (PSX) Wednesday opened on a positive note and the KSE-100 index hit 48,909.04 points intra-day high, up 385.63 points. However, selling pressure after mid-session pushed the index into the negative territory and the index closed in
Published 30 Mar, 2017 12:00am
Passengers flee to safety as Peru plane catches fire

Passengers flee to safety as Peru plane catches fire

A Peruvian Airlines jet liner caught fire seconds after crash-landing at an airport in Peru but all 141 passengers on board escaped unhurt, authorities said. Footage aired by RPP television showed black smoke pouring from the Boeing 737 next to a runway a
Published 30 Mar, 2017 12:00am
BRIndex30 loses 223.27 points

BRIndex30 loses 223.27 points

On Wednesday, BRIndex30 opened at 26,835.22 points. It touched an intraday high of 27,197.75 points and an intraday low of 26,567.02 points and closed at 26,611.95 points which was -223.27 points or -0.83 percent lower than previous close. Total volume wa
Published 30 Mar, 2017 12:00am
London, Paris, Seoul launch 'name-and-shame' polluting car index

London, Paris, Seoul launch 'name-and-shame' polluting car index

The mayors of Paris, London and Seoul on Wednesday launched an initiative to rate the most polluting vehicles in a bid to keep them off the roads of their cities. The aim of the "Air'volution" scheme is to help drivers avoid buying the most harmful diesel
Published 30 Mar, 2017 12:00am
BRIndex30 loses 223.27 points

BRIndex30 loses 223.27 points

On Wednesday, BRIndex30 opened at 26,835.22 points. It touched an intraday high of 27,197.75 points and an intraday low of 26,567.02 points and closed at 26,611.95 points which was -223.27 points or -0.83 percent lower than previous close. Total volume wa
Published 30 Mar, 2017 12:00am
China says committed to Paris accord as Trump undoes US climate policy

China says committed to Paris accord as Trump undoes US climate policy

China is still committed to the Paris climate change accord agreed in 2015, the Foreign Ministry said on Wednesday, after US President Donald Trump signed an order to dismantle Obama-era climate change regulations. Trump's main target is former president
Published 30 Mar, 2017 12:00am
'No turning back': May triggers 'historic' Brexit

'No turning back': May triggers 'historic' Brexit

Prime Minister Theresa May formally began Britain's divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.
Published 30 Mar, 2017 12:00am
Evacuation deal reached for Syrian towns

Evacuation deal reached for Syrian towns

Four Syrian towns are to be evacuated under an agreement between pro-government forces and rebels, in the latest of a series of deals to end crippling years-long sieges. The agreement, brokered by rebel supporter Qatar and regime ally Iran, is expected to
Published 30 Mar, 2017 12:00am
'No turning back': May triggers 'historic' Brexit

'No turning back': May triggers 'historic' Brexit

Prime Minister Theresa May formally began Britain's divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.
Published 30 Mar, 2017 12:00am
Turkey's Abeylegesse stripped of world, Olympic medals

Turkey's Abeylegesse stripped of world, Olympic medals

Turkish runner Elvan Abeylegesse was on Wednesday stripped of two Olympic silver medals and one world silver after a re-analysis of an in-competition doping test dating back to 2007. The Ethiopian-born middle and long-distance runner tested positive on Au
Published 30 Mar, 2017 12:00am
''No turning back'': May triggers ''historic'' Brexit

''No turning back'': May triggers ''historic'' Brexit

Prime Minister Theresa May formally began Britain''s divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc''s cohesion and pitch her country into the unknown.
Published 30 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 29, 2017).
Published 30 Mar, 2017 12:00am
Progress being made in doping battle: WADA chief

Progress being made in doping battle: WADA chief

Progress is being made in the war on doping with educational programmes among the measures targetting the prevention of cases such as the 'institutionalised doping' in Russia, World Anti Doping Agency (WADA) chief Craig Reedie told AFP. The 75-year-old Sc
Published 30 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 29, 2017).

Published 30 Mar, 2017 12:00am
South Africa 'saved by rain' as downpour seals series

South Africa 'saved by rain' as downpour seals series

New Zealand were left frustrated on Wednesday after rain washed out the last day's play of the final Test against South Africa, denying them a series-levelling win. At the start of the day, South Africa were on the ropes at 80 for five in their second inn
Published 30 Mar, 2017 12:00am
Brazil book World Cup berth, Argentina tumble

Brazil book World Cup berth, Argentina tumble

Brazil became the first team to qualify for the World Cup on Tuesday after beating Paraguay to clinch an eighth consecutive victory as Argentina's campaign stumbled after the shock suspension of Lionel Messi. Five-time champions Brazil had been left waiti
Published 30 Mar, 2017 12:00am
Messi ban unfair: Barcelona

Messi ban unfair: Barcelona

Lionel Messi's four-match international ban for swearing at an assistant referee was "unfair and totally disproportionate", his Spanish club Barcelona said Wednesday. "FC Barcelona expresses its surprise and indignation at the decision by the FIFA Discipl
Published 30 Mar, 2017 12:00am
SC allows registered 'Qingqi' rickshaws

SC allows registered 'Qingqi' rickshaws

The Supreme Court on Wednesday allowed motorcycle rickshaws, popularly known as Qingqi rickshaws, which are manufactured by registered companies. The apex court imposed a ban on plying unregistered motorcycle rickshaws across the country. Disposing of ide
Published 30 Mar, 2017 12:00am
Madeira airport renamed after island son Ronaldo

Madeira airport renamed after island son Ronaldo

The airport of Madeira, the Atlantic Ocean island birthplace of Portugal captain Cristiano Ronaldo, was renamed in his honour on Wednesday. "To see this airport bear my name is a very special thing," said Ronaldo, who skippered Portugal to victory in the
Published 30 Mar, 2017 12:00am
Irfan gets one year ban

Irfan gets one year ban

Pakistan have suspended fast bowler Mohammad Irfan for one year and fined him $1,000 after he admitted failing to report approaches by bookmakers linked to spot-fixing, cricket authorities said Wednesday. The 34-year-old said he had not spoken out at the
Published 30 Mar, 2017 12:00am
Balochistan Football: Quetta City and Panjgur reach semi-finals

Balochistan Football: Quetta City and Panjgur reach semi-finals

Quetta City puts in a strong methodical performance to beat Lasbela, while Panjgur's side closed the match on Turbat with a 5-1 win in the first two quarter finals of the PPL Balochistan Football Cup 2017. Quetta City versus Lasbela resulted in 2-1 with a
Published 30 Mar, 2017 12:00am
Irfan gets one year ban

Irfan gets one year ban

Pakistan have suspended fast bowler Mohammad Irfan for one year and fined him $1,000 after he admitted failing to report approaches by bookmakers linked to spot-fixing, cricket authorities said Wednesday. The 34-year-old said he had not spoken out at the
Published 30 Mar, 2017 12:00am
Aussie media slam 'classless' Kohli

Aussie media slam 'classless' Kohli

Australian media labelled Indian skipper Virat Kohli "classless" and childish on Wednesday after his provocative comments at the end of a hard-fought but incendiary Test series. Newspapers laid into the winning captain for saying he no longer counted the
Published 30 Mar, 2017 12:00am
Pakistani sentenced to prison in Germany for spying

Pakistani sentenced to prison in Germany for spying

A German court has sentenced a 31-year-old Pakistani to four years and three months in prison for spying for Iran by seeking out possible Jewish and Israeli-related targets for attacks in Germany and France. The German news agency dpa reported Tuesday tha
Published 30 Mar, 2017 12:00am
Pliskova, Wozniacki book Miami semis showdown

Pliskova, Wozniacki book Miami semis showdown

Czech second-seed Karolina Pliskova will face Caroline Wozniacki in the semi-finals of the Miami Open after the pair triumphed on Tuesday at Key Biscayne. A confident Pliskova ended the hopes of Croat veteran Mirjana Lucic-Baroni with a 6-3, 6-4 win while
Published 30 Mar, 2017 12:00am
Pakistani sentenced to prison in Germany for spying

Pakistani sentenced to prison in Germany for spying

A German court has sentenced a 31-year-old Pakistani to four years and three months in prison for spying for Iran by seeking out possible Jewish and Israeli-related targets for attacks in Germany and France. The German news agency dpa reported Tuesday tha
Published 30 Mar, 2017 12:00am
Mixed reviews for French video heartbreak

Mixed reviews for French video heartbreak

The experiment with video assistance that backfired on France against Spain earned mixed reviews Wednesday, praised for fairness but condemned for killing the spectacle. France lost 2-0 in Paris on Tuesday in a game in which the Spanish side benefitted tw
Published 30 Mar, 2017 12:00am
Prime Minister asks Bahraini businessmen to avail benefits of CPEC

Prime Minister asks Bahraini businessmen to avail benefits of CPEC

Prime Minister Mian Nawaz Sharif said on Wednesday that the government of Bahrain as well as its business community could benefit immensely from the opportunities and prospects of China Pakistan Economic Corridor (CPEC). He said the CPEC is a corridor of
Published 30 Mar, 2017 12:00am
Aussie regains ground, kiwi down

Aussie regains ground, kiwi down

The Australian dollar strengthened on Wednesday, coming off a two-week low hit in the previous session, as renewed optimism about the health of the global economy gave a boost to risk appetite and commodity prices. The Australian dollar rose to $0.7648, a
Published 30 Mar, 2017 12:00am
Prime Minister asks Bahraini businessmen to avail benefits of CPEC

Prime Minister asks Bahraini businessmen to avail benefits of CPEC

Prime Minister Mian Nawaz Sharif said on Wednesday that the government of Bahrain as well as its business community could benefit immensely from the opportunities and prospects of China Pakistan Economic Corridor (CPEC). He said the CPEC is a corridor of
Published 30 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 29, 2017).

Published 30 Mar, 2017 12:00am
Sterling seesaws as PM May triggers Brexit
Currency

Sterling seesaws as PM May triggers Brexit

Sterling slipped against the dollar after a choppy day of trading on Wednesday, receiving no clear direction from Britain's formal triggering of its exit from the European Union. Prime Minister Theresa May began Britain's divorce procedure from the EU ear
Published 30 Mar, 2017 12:00am
Prime Minister asks Bahraini businessmen to avail benefits of CPEC

Prime Minister asks Bahraini businessmen to avail benefits of CPEC

Prime Minister Mian Nawaz Sharif said on Wednesday that the government of Bahrain as well as its business community could benefit immensely from the opportunities and prospects of China Pakistan Economic Corridor (CPEC). He said the CPEC is a corridor of
Published 30 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 29, 2017).

Published 30 Mar, 2017 12:00am
Asian currencies slip
Currency

Asian currencies slip

Asian currencies sagged on Wednesday as solid US economic data backed expectations for Federal Reserve rate hikes this year, giving a lift to US bond yields and the dollar. Asian currencies had rallied earlier in the week as the dollar took a hit after US
Published 30 Mar, 2017 12:00am
Afghan refugees: NADRA, SAFRON directed to devise mechanism

Afghan refugees: NADRA, SAFRON directed to devise mechanism

A parliamentary panel on Wednesday said that National Database and Registration Authority (NADRA) along with Ministry of States and Frontier Regions (SAFRON) should devise a mechanism to start registration of undocumented Afghan refugees. The committee wh
Published 30 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 29, 2017).

Published 30 Mar, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday, helped by exporter dollar sales and inward remittances but importer demand for the greenback from a state bank weighed on the sentiment, dealers said. Rupee forwards were active, with two-week forwards endin
Published 30 Mar, 2017 12:00am
Afghan refugees: NADRA, SAFRON directed to devise mechanism

Afghan refugees: NADRA, SAFRON directed to devise mechanism

A parliamentary panel on Wednesday said that National Database and Registration Authority (NADRA) along with Ministry of States and Frontier Regions (SAFRON) should devise a mechanism to start registration of undocumented Afghan refugees. The committee wh
Published 30 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 79.67-79.67 (previous 79.66-79.67).
Published 30 Mar, 2017 12:00am
India's parliament passes key tax reform bills

India's parliament passes key tax reform bills

India's lower house of parliament on Wednesday passed four supporting bills that will pave the way for a landmark tax reform and transform the world's fastest growing economy into a common market. The government aims to launch the goods and services tax (
Published 30 Mar, 2017 12:00am
Dollar rises in New York
Currency

Dollar rises in New York

The dollar rose on Tuesday, bouncing from 4-month lows, as a top Federal Reserve official reinforced expectations of more US rate hikes to come while political uncertainties surrounding Britain's exit from the EU pressured European currencies. Fed Vice Ch
Published 30 Mar, 2017 12:00am
Australia can manage risks of shift to renewables

Australia can manage risks of shift to renewables

Australia can manage the risks of its rapid shift toward renewable energy by managing demand and taking better control over rooftop solar output, the new head of the country's electricity market operator said on Tuesday. Audrey Zibelman, who oversaw a reb
Published 30 Mar, 2017 12:00am
Evacuation deal reached for Syrian towns

Evacuation deal reached for Syrian towns

Four Syrian towns are to be evacuated under an agreement between pro-government forces and rebels, in the latest of a series of deals to end crippling years-long sieges. The agreement, brokered by rebel supporter Qatar and regime ally Iran, is expected to
Published 30 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 30 Mar, 2017 12:00am
Turkey's Abeylegesse stripped of world, Olympic medals

Turkey's Abeylegesse stripped of world, Olympic medals

Turkish runner Elvan Abeylegesse was on Wednesday stripped of two Olympic silver medals and one world silver after a re-analysis of an in-competition doping test dating back to 2007. The Ethiopian-born middle and long-distance runner tested positive on Au
Published 30 Mar, 2017 12:00am
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