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Archive - 2017-04-01
PM undergoes medical checkup
Front Top News

PM undergoes medical checkup

LAHORE:  Prime Minister Nawaz Sharif underwent medical checkup at a private hospital in Lahore early on Saturday. Ac
Updated 01 Apr, 2017 01:45pm
Iran rejects US terror claim by Mattis
World Top News

Iran rejects US terror claim by Mattis

DUBAI: Iran rejected an allegation by US Defense Secretary James Mattis that it was "the primary exporter of terrorism"
Published 01 Apr, 2017 12:00pm
17 missing in Indonesia landslide
Asia

17 missing in Indonesia landslide

JAKARTA: Seventeen people were missing and feared buried after a landslide struck Indonesia, the national disaster agenc
Published 01 Apr, 2017 11:11am
First Tehran marathon bids to 'build bridges' with US runners

First Tehran marathon bids to 'build bridges' with US runners

Americans are among runners from more than 50 countries who have registered to run in the Iranian capital's first marathon, billed as an opportunity to "build bridges," organisers said Friday. Women too are being invited to register for the April 7 race,
Published 01 Apr, 2017 12:00am
FIFA sends internal graft probe to Swiss prosecutors

FIFA sends internal graft probe to Swiss prosecutors

FIFA said on Friday that it had sent a 1,300-page internal report to Swiss authorities investigating corruption and that Bern will share the findings with US officials also probing graft in football. Open criminal investigations in both countries targetin
Published 01 Apr, 2017 12:00am
Asia chief applauds World Cup allocation increase

Asia chief applauds World Cup allocation increase

Asian football chief Shaikh Salman bin Ebrahim Al Khalifa on Friday hailed the continent's proposed allocation for the expanded 48-team 2026 World Cup. FIFA recommendations released on Thursday revealed that Asia will see its allocation doubled from a gua
Published 01 Apr, 2017 12:00am
Iranian women players snookered for 'un-Islamic' acts

Iranian women players snookered for 'un-Islamic' acts

Iran has banned some of its women players from billiard sports competitions for a year for violating the Islamic codes of conduct at a tournament in China, sporting authorities announced. The Disciplinary Committee of Bowling, Billiard and Boxing Federati
Published 01 Apr, 2017 12:00am
Everton's new stadium plan gets funding boost

Everton's new stadium plan gets funding boost

Everton's bid to build a new £300 million ($373 million, 349 million euros) stadium received a boost on Friday as Liverpool City Council approved the establishment of a funding scheme. The Premier League club want to leave their historic Goodison Park hom
Published 01 Apr, 2017 12:00am
Aussie and kiwi rally on euro, yen
Currency

Aussie and kiwi rally on euro, yen

The Australian and New Zealand dollars were stalemated against a broadly firmer US dollar on Friday, but advanced on the yen and euro as an upbeat survey on Chinese industry augured well for exports to the world's second largest economy. China's official
Published 01 Apr, 2017 12:00am
Current account surprise helps sterling end higher
Currency

Current account surprise helps sterling end higher

A mixed bag of economic numbers pushed sterling higher against its major currency peers on Friday, with upbeat foreign investment inflows at the end of last year offsetting another set of warning signs on household spending. The pound fell initially on th
Published 01 Apr, 2017 12:00am
Asia currencies slip
Currency

Asia currencies slip

Asian currencies eased on Friday but most remained on track for quarterly gains, supported by inflows and as the dollar was weighed down by uncertainty over the Trump administration's economic policy agenda. Asian currencies showed little reaction on Frid
Published 01 Apr, 2017 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

The Sri Lankan rupee ended stronger on Friday, helped by inward remittances and selling of the greenback by exporters ahead of the festival season, but the gains were capped by dollar demand from a foreign bank in late trade, dealers said. Rupee forwards
Published 01 Apr, 2017 12:00am
Dollar at two-week high in New York
Currency

Dollar at two-week high in New York

The dollar rose to a two-week high on Thursday as a combination of technical trading and strong US economic data and potential weakness in the euro zone weighed down the continental currency. Analysts said the euro's fall against the dollar below a techni
Published 01 Apr, 2017 12:00am
Euro hits two-week low in Europe
Currency

Euro hits two-week low in Europe

The euro hit a two-week low on Friday after data showed inflation in the currency bloc slowed by far more than expected in March, giving the European Central Bank room to scale back monetary stimulus only gradually. The single currency has fallen over 1 p
Published 01 Apr, 2017 12:00am
Dollar edges up in Asian trade
Currency

Dollar edges up in Asian trade

The dollar edged up on Friday, poised for weekly gains after solid US economic data contrasted with cooling euro zone inflation, though it was set to book losses in the first quarter amid concerns about the direction of US President Donald Trump's policie
Published 01 Apr, 2017 12:00am
FTSE closes fourth straight quarter of gains near record highs

FTSE closes fourth straight quarter of gains near record highs

Britain's top share index fell on Friday but completed its fourth successive quarter of gains, the best such winning streak since 2011. The blue-chip FTSE 100 rose 2.8 percent over the first three months of 2017, though incipient Brexit negotiations raise
Published 01 Apr, 2017 12:00am
Sri Lankan shares hit near three-week high

Sri Lankan shares hit near three-week high

Sri Lankan shares closed at their highest in nearly three weeks on Friday, rising for a fourth straight session on purchases by foreign investors and on quarter-end window dressing, stockbrokers said. The Colombo stock index ended 0.36 percent firmer at 6
Published 01 Apr, 2017 12:00am
Australian shares slip; New Zealand up

Australian shares slip; New Zealand up

Australian shares finished lower on Friday, weighed down by losses in financials as investors repositioned themselves after a strong rally on Thursday. The S&P/ASX 200 index fell 31.3 points or 0.53 percent to 5,864.9 at the close of trade. The market man
Published 01 Apr, 2017 12:00am
European shares seal strongest quarter in two years

European shares seal strongest quarter in two years

European shares sealed their best quarter since 2015 on Friday, with inflows to European equities picking up on strong economic data and corporate earnings, despite a packed political calendar ahead. The pan-European STOXX 600 index was up 0.1 percent, en
Published 01 Apr, 2017 12:00am
Shanghai shares up but post worst week since Dec

Shanghai shares up but post worst week since Dec

Shanghai stocks snapped a four-session losing streak on Friday but still posted their biggest weekly loss since mid-December as concerns over tighter liquidity and curbs on property investment dampened investors' risk appetite. The blue-chip CSI300 index
Published 01 Apr, 2017 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury debt yields rose on Thursday after the final fourth-quarter US gross domestic product number was revised higher, reflecting steady but less spectacular growth than in the prior quarter for the world's largest economy. "We are positive on US ec
Published 01 Apr, 2017 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury debt yields rose on Thursday after the final fourth-quarter US gross domestic product number was revised higher, reflecting steady but less spectacular growth than in the prior quarter for the world's largest economy. "We are positive on US ec
Published 01 Apr, 2017 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong stocks slipped on Friday, with no inflows from mainland markets due to a coming holiday and investors balancing their positions at the end of the first quarter. Trading was also impacted by the approaching holiday. Hong Kong will be closed on Tu
Published 01 Apr, 2017 12:00am
Wall Street rises; Nasdaq ends at record

Wall Street rises; Nasdaq ends at record

Wall Street gained on Thursday, led by financial shares, after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high. The energy sector ro
Published 01 Apr, 2017 12:00am
Southeast Asian stocks fall in lacklustre trade

Southeast Asian stocks fall in lacklustre trade

Southeast Asian stock markets fell in line with broader Asia on Friday, with Indonesia retreating after hitting a record high for the second time this week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent as investors balanced
Published 01 Apr, 2017 12:00am
Indian shares flat

Indian shares flat

India's broader NSE index ended steady on Friday as investors booked profits, but posted its third consecutive monthly gain as well as the best quarter in almost three years. The NSE index advanced 3.3 percent this month after hitting a record high of 9,2
Published 01 Apr, 2017 12:00am
Tokyo shares erase all gains since start of the year

Tokyo shares erase all gains since start of the year

Tokyo's main indexes ended lower Friday, erasing all of their gains since the start of the year, hit by concerns about US President Donald Trump's policies and the populist march in Europe. The benchmark Nikkei 225 index lost 0.81 percent, or 153.96 point
Published 01 Apr, 2017 12:00am
US consumer spending slows, but inflation is rising

US consumer spending slows, but inflation is rising

US consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year. The slowdown in consumer spen
Published 01 Apr, 2017 12:00am
Spectre of starvation haunting globe

Spectre of starvation haunting globe

Record prices, conflicts and extreme weather combined to drive the number of people vulnerable to starvation up to 108 million last year, according to a UN and EU-backed report published Friday. The global total of people deemed "severely food insecure" r
Published 01 Apr, 2017 12:00am
Spectre of starvation haunting globe

Spectre of starvation haunting globe

Record prices, conflicts and extreme weather combined to drive the number of people vulnerable to starvation up to 108 million last year, according to a UN and EU-backed report published Friday. The global total of people deemed "severely food insecure" r
Published 01 Apr, 2017 12:00am
Shell unveils giant new high-tech research lab in India

Shell unveils giant new high-tech research lab in India

Oil giant Shell opened Friday a high-tech research hub in southern India that is hoping to pioneer the green energy of the future, including ways to transform farm and city waste into clean fuel. The sprawling facility in the Indian tech capital Bangalore
Published 01 Apr, 2017 12:00am
Warning signs abound for UK economy following strong Q4

Warning signs abound for UK economy following strong Q4

The British economy's strong finish to 2016 looks likely to prove a high watermark as Brexit gets underway, according to a range of indicators on Friday which pointed to a growing squeeze on consumers. Households ran down their savings to a record low as
Published 01 Apr, 2017 12:00am
China March factory activity grows fastest in nearly 5 years

China March factory activity grows fastest in nearly 5 years

Activity in China's manufacturing sector unexpectedly expanded at the fastest pace in nearly 5 years in March, adding to evidence that the world's second-largest economy has gained momentum early this year as construction booms. But while factory output a
Published 01 Apr, 2017 12:00am
German unemployment hits new record low

German unemployment hits new record low

Unemployment in Germany hit a new record low in March, official data showed Friday, as Europe's largest economy continues to defy economic uncertainty with a strong performance. The out-of-work figure fell to 5.8 percent this month, the Federal Labour Age
Published 01 Apr, 2017 12:00am
Turkish economy bounced back in Q4

Turkish economy bounced back in Q4

Turkey's economy grew a faster-than-expected 3.5 percent in the fourth quarter, data showed on Friday, bouncing back after last July's coup attempt and underpinning hopes of a recovery less than three weeks ahead of a referendum. The strong growth in the
Published 01 Apr, 2017 12:00am
Britain sells £11.8 billion of Bradford & Bingley bank loans

Britain sells £11.8 billion of Bradford & Bingley bank loans

The British government announced Friday the sale of £11.8 billion ($14.7 billion, 13.7 billion euros) in loans that it acquired from bailed-out bank Bradford & Bingley during the global financial crisis. The closed loans will be sold to insurance group Pr
Published 01 Apr, 2017 12:00am
Credit Suisse apparent target of massive tax fraud probe

Credit Suisse apparent target of massive tax fraud probe

Authorities in Europe and Australia announced a sweeping tax evasion probe Friday reportedly targeting Credit Suisse clients and senior employees, as investigators detailed arrests and the seizure of artworks and gold. There was no definitive confirmation
Published 01 Apr, 2017 12:00am
Argentina's Macri faces rising complaints over import policies
Currency

Argentina's Macri faces rising complaints over import policies

President Mauricio Macri's promises to end trade restrictions and open Argentine commerce to the world have fallen flat for many importers, who are going to court to free up goods trapped in the country's byzantine customs system. The delays have led comp
Published 01 Apr, 2017 12:00am
Canada GDP jumps in January, signals stronger than expected quarter

Canada GDP jumps in January, signals stronger than expected quarter

The Canadian economy expanded by a healthy 0.6 percent in January from December, indicating first-quarter growth will be stronger than expected as the country gradually recovers from the shock of low oil prices. Statistics Canada said on Friday that gross
Published 01 Apr, 2017 12:00am
Irish consumer sentiment ticks up in March

Irish consumer sentiment ticks up in March

Irish consumer sentiment improved in March as concerns about household finances eased, but many remained sceptical the booming economy would significantly improve their living standards, a survey showed on Friday. The KBC Bank Ireland/ESRI Consumer Sentim
Published 01 Apr, 2017 12:00am
Hong Kong February retail sales slip on weak tourist spending
Currency

Hong Kong February retail sales slip on weak tourist spending

Hong Kong's retail sales fell for the 24th straight month in February, hurt by a lack of growth in tourist spending as a strong local dollar hit tourism and business activity. Retail sales fell 5.7 percent from a year earlier to HK$34.8 billion ($4.48 bil
Published 01 Apr, 2017 12:00am
Australians sitting on mountains of cash as wealth outpaces debt

Australians sitting on mountains of cash as wealth outpaces debt

Australian households saw their wealth balloon to a record A$11.7 trillion ($8.97 trillion) last quarter as cash holdings topped a trillion dollars for the first time ever, boding well for spending in the face of tepid wages growth. Thursday's figures fro
Published 01 Apr, 2017 12:00am
Spanish March inflation drops, feeds into ECB policy debate

Spanish March inflation drops, feeds into ECB policy debate

Spanish consumer inflation eased sharply in March as fuel and power prices fell, data showed on Thursday, feeding into a debate about the euro zone's monetary policy outlook before equivalent data from its dominant economy Germany. European Union-harmonis
Published 01 Apr, 2017 12:00am
Lloyd's of London to open Brussels office over Brexit

Lloyd's of London to open Brussels office over Brexit

Lloyd's of London will open a Brussels subsidiary in early 2019, the historic insurance market said Thursday, the first company to respond to Britain's decision to trigger Brexit. The group, which insures against catastrophes such as earthquakes, shipwrec
Published 01 Apr, 2017 12:00am
AfDB disburses second $500 million loan tranche to Egypt

AfDB disburses second $500 million loan tranche to Egypt

The African Development Bank has disbursed a $500 million loan to Egypt, the bank's representative in Cairo told Reuters on Thursday. Leila Mokaddem said the disbursal, the second of three expected loan tranches from the bank to Egypt, came into effect on
Published 01 Apr, 2017 12:00am
Brazil robusta coffee auction fails to close deals

Brazil robusta coffee auction fails to close deals

A reverse auction on Wednesday that aimed to attract eventual suppliers of robusta coffee in Brazil failed to close any deals, according to the official agency providing the auction's platform and the country's instant coffee industry. Brazil's instant co
Published 01 Apr, 2017 12:00am
Gold up in Europe set for best quarter in a year

Gold up in Europe set for best quarter in a year

Gold was on track for a 8.2 percent quarterly rise on Friday, its best quarter in a year, as uncertainty over US President Donald Trump's tax and investment plans and a series of elections in Europe fuelled demand for bullion as a safe haven. Spot gold wa
Published 01 Apr, 2017 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold remained steady on Friday with global political uncertainty, the upcoming elections in Europe in particular, seen supporting prices of the yellow metal, driving the metal to its best quarter in a year. Spot gold was little changed at $1,242.90 per ou
Published 01 Apr, 2017 12:00am
Gold slips in New York

Gold slips in New York

Gold dipped on Thursday as the dollar strengthened, but losses were capped by continuing economic uncertainty around Britain's departure from the European Union and approaching French elections. The potential for the rise of the far right in European elec
Published 01 Apr, 2017 12:00am
Raw sugar hovers near 10-month low, cocoa weakens

Raw sugar hovers near 10-month low, cocoa weakens

Raw sugar futures edged lower on Friday, hovering near Thursday's 10-month low as technical support lagged and buying remained subdued, while cocoa and coffee also slipped. May raw sugar settled down 0.05 cent, or 0.30 percent, at 16.76 cents per lb. Futu
Published 01 Apr, 2017 12:00am
Palm oil falls to five-month low

Palm oil falls to five-month low

Malaysian palm oil futures slumped to a more than five-month low on Friday evening, shedding earlier gains as they tracked a weaker performing rival soyaoil on the Chicago Board of Trade. Benchmark palm oil futures for June delivery on the Bursa Malaysia
Published 01 Apr, 2017 12:00am
Lacklustre business on cotton market
Cotton

Lacklustre business on cotton market

Listless trading activity was witnessed on the cotton market on Friday in the process of trading, dealers said. The official spot rate was lower by Rs 50 to Rs 6700, they said. In ready session, only 600 bales of cotton from Burewal done at Rs 6900, they
Published 01 Apr, 2017 12:00am
Copper dips as supply fears ease but heads for second quarterly gain

Copper dips as supply fears ease but heads for second quarterly gain

Copper fell more than 1 percent on Friday as the end of a strike at Peru's biggest copper mine dampened fears of reduced supply that had driven the metal higher this quarter, though upbeat economic data from China lent support. Workers at Freeport-McMoRan
Published 01 Apr, 2017 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper edged up by 0.6 percent to 47750 yuan ($6,931) a tonne on Friday, while a ramp-up in China's factory activity and fresh investor buys are expected to drive prices higher in the April quarter. Activity in China's manufactur
Published 01 Apr, 2017 12:00am
Palm oil prices fall on European vegoils market

Palm oil prices fall on European vegoils market

Palm oil prices fell back in late trading on Wednesday in Europe's vegetable oil market, weakened by a decline in CBOT soybean oil futures. The market had shown some early strength after Malaysian palm oil futures had risen for a second straight day. Crud
Published 01 Apr, 2017 12:00am
CBOT soyabeans fall to lowest levels since October

CBOT soyabeans fall to lowest levels since October

Chicago Board of Trade soyabean futures dropped to the lowest levels since October 13 on Wednesday before prices trimmed losses to finish only narrowly lower as investors squared up positions ahead of US Department of Agriculture plantings data due on Fri
Published 01 Apr, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 152,319 tonnes of cargo comprising 110,043 tonnes of import cargo and 42,276 tonnes of export cargo including 5,193 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 110
Published 01 Apr, 2017 12:00am
Chinese steel, iron ore jump from multi-week lows

Chinese steel, iron ore jump from multi-week lows

Steel and iron ore futures in China jumped more than 3 percent on Wednesday to pull away from multi-week lows that both commodities touched this week, but traders predict further price declines as supply outpaces demand in the world's top market. The most
Published 01 Apr, 2017 12:00am
Ukraine's peas exports seen up

Ukraine's peas exports seen up

Ukraine is likely to export 60 percent more peas in the 2017/18 season at 650,000 tonnes on expectations of a better harvest, analyst UkrAgroConsult said on Tuesday. Ukraine, a net exporter of peas, is likely to increase its harvest to 900,000 tonnes this
Published 01 Apr, 2017 12:00am
European wheat prices hover above contract lows

European wheat prices hover above contract lows

European wheat prices were holding just above contract lows hit earlier in the week on Wednesday with the weakness of the euro helping to underpin prices. May milling wheat on Paris-based Euronext settled 0.50 euros lower at 166.25 euros a tonne. It hit a
Published 01 Apr, 2017 12:00am
CBOT wheat closes higher on short-covering

CBOT wheat closes higher on short-covering

Chicago Board of Trade May wheat futures closed higher on Wednesday, gaining for the second straight session on short-covering ahead of the US Department of Agriculture's Friday reports, traders said. Rallies limited by significant rains that fell overnig
Published 01 Apr, 2017 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures dropped on Wednesday after two days of gains, pressured by weaker soyaoil. Most-active May canola fell $1.90 to $493.80 per tonne. July canola dipped $1.10 to $498.60 per tonne. May-July canola spread traded 5,102 times. Chicag
Published 01 Apr, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,022. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.41 billion and the number of lots traded was 11,816. Major business was contributed by g
Published 01 Apr, 2017 12:00am
KARACHI CHRONICLE: Numero seven

KARACHI CHRONICLE: Numero seven

It is interesting to note the number seven's proliferation in the life of the country this year. Pakistan Day, March 23 was the 77th anniversary of the Lahore Resolution to create a sovereign state. Pakistan became a reality on August 14, 1947; and in a f
Published 01 Apr, 2017 12:00am
Tech world debate on robots and jobs heats up

Tech world debate on robots and jobs heats up

Are robots coming for your job? Although technology has long affected the labour force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled o
Published 01 Apr, 2017 12:00am
Photographer captures world's glacier melt over decade

Photographer captures world's glacier melt over decade

For the last decade, American photographer James Balog has been on a mission to document climate change through his camera lens. His effort has taken him to the farthest reaches of the world, from Antarctica to the northern ends of Greenland, where he has
Published 01 Apr, 2017 12:00am
ART FACTS: Artistic perspectives

ART FACTS: Artistic perspectives

Every year different events were held to mark the economic, political and social achievements of women. This year also organisations, governments, charities, educational institutions, women's groups, corporations and the media celebrated the International
Published 01 Apr, 2017 12:00am
Desert X exhibition reflects earth, sky, state of world

Desert X exhibition reflects earth, sky, state of world

A house clad in mirrors pops out of the California desert. It blends into the landscape, reflecting a kaleidoscope of the urban grid and arid valley of Palm Springs - to the delight of photographers and selfie-seekers. This is Doug Aitken's "Mirage," one
Published 01 Apr, 2017 12:00am
The Chowk Wazir Khan - a journey through time

The Chowk Wazir Khan - a journey through time

The rehabilitation of the Chowk Wazir Khan was an involved and at times arduous undertaking, requiring a substantial amount of technical expertise, resources and aesthetic sensitivity. The difficulty in undertaking the project arose not only from the work
Published 01 Apr, 2017 12:00am
Cities and monuments switch off for Earth Hour

Cities and monuments switch off for Earth Hour

The Empire State Building and United Nations headquarters in New York joined other iconic buildings and monuments around the world plunging into darkness for sixty minutes on Saturday to mark Earth Hour and draw attention to climate change.
Published 01 Apr, 2017 12:00am
Life with autism

Life with autism

Brain is the most complex part of the human body. Any alteration in its development leads to physical, mental, and behavioural disorders. Autism is one such disorder that affect parts of the brain that control emotions, communication, and body movements.
Published 01 Apr, 2017 12:00am
After success, Milky Chance shapes an organic electronica

After success, Milky Chance shapes an organic electronica

Barely out of school, two German friends calling themselves Milky Chance uploaded online a dance track from their makeshift home studio, with a folksy guitar driving an infectious electronic beat. To the duo's surprise, "Stolen Dance" became a viral hit i
Published 01 Apr, 2017 12:00am
'Power Rangers': a superhero movie too far?

'Power Rangers': a superhero movie too far?

A colour-coded, spandex-coutured smorgasbord of high camp and heroics, "Mighty Morphin Power Rangers" has stood astride popular culture for a quarter-century as one of television's most successful franchises.
Published 01 Apr, 2017 12:00am
BRIDGE NOTES: Counting the tricks that win

BRIDGE NOTES: Counting the tricks that win

In Bridge, the play of the contract bid is usually the center of attraction for kibitzers and is an all important factor in the competitive field to determine the winner. So let us test your play on the following hand where south becomes declarer in 5D af
Published 01 Apr, 2017 12:00am
Bob Dylan says 'not yearning' for old days in latest cover album

Bob Dylan says 'not yearning' for old days in latest cover album

Bob Dylan's new album "Triplicate" explores American standards from the 1930s, 40s, and 50s, but the veteran singer-songwriter says that does not mean he is yearning for the past. Dylan also is unconcerned whether his fans like the album - the third in as
Published 01 Apr, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Apr, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Apr, 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 01 Apr, 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 01 Apr, 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 Friday (March 31, 2017).

Published 01 Apr, 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 Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 31, 2017).
Published 01 Apr, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Friday (March 31, 2017) and the forecast for Saturday (April 01, 2017).

Published 01 Apr, 2017 12:00am
Army chief, Imran discuss 'various issues'

Army chief, Imran discuss 'various issues'

Pakistan Tehreek-e-Insaf chairman Imran Khan on Friday called on Chief of the Army Staff General Qamar Javed Bajwa, ISPR says. Aaj News reported that Imran Khan congratulated General Bajwa on his promotion and appointment as country's Army Chief. The ISPR
Published 01 Apr, 2017 12:00am
Army chief, Imran discuss 'various issues'

Army chief, Imran discuss 'various issues'

Pakistan Tehreek-e-Insaf chairman Imran Khan on Friday called on Chief of the Army Staff General Qamar Javed Bajwa, ISPR says. Aaj News reported that Imran Khan congratulated General Bajwa on his promotion and appointment as country's Army Chief. The ISPR
Published 01 Apr, 2017 12:00am
24 dead, 80 hurt in Parachinar blast

24 dead, 80 hurt in Parachinar blast

At least 24 were killed and more than 80 injured when a vehicle loaded with explosives and motor shells exploded on Friday at a busy market of Parachinar, the second major attack in Kurram Agency along Pak-Afghan border in the last two months. "It was a c
Published 01 Apr, 2017 12:00am
24 dead, 80 hurt in Parachinar blast

24 dead, 80 hurt in Parachinar blast

At least 24 were killed and more than 80 injured when a vehicle loaded with explosives and motor shells exploded on Friday at a busy market of Parachinar, the second major attack in Kurram Agency along Pak-Afghan border in the last two months. "It was a c
Published 01 Apr, 2017 12:00am
Dr Asim released

Dr Asim released

Former Petroleum Minister and PPP leader Dr Asim Hussain on Friday was set free after 19 months in detention following issuance of release order by the Sindh High Court for the former minister. The release order was issued after Dr Asim submitted his Paki
Published 01 Apr, 2017 12:00am
Dr Asim released

Dr Asim released

Former Petroleum Minister and PPP leader Dr Asim Hussain on Friday was set free after 19 months in detention following issuance of release order by the Sindh High Court for the former minister. The release order was issued after Dr Asim submitted his Paki
Published 01 Apr, 2017 12:00am
Current account deficit likely to widen further
Cotton

Current account deficit likely to widen further

The State Bank of Pakistan (SBP), in its quarterly report said the overall economic environment remains conducive for growth, on the back of accommodative monetary policy, increase in development spending and CPEC-inspired activities. The SBP on Friday re
Published 01 Apr, 2017 12:00am
Current account deficit likely to widen further
Cotton

Current account deficit likely to widen further

The State Bank of Pakistan (SBP), in its quarterly report said the overall economic environment remains conducive for growth, on the back of accommodative monetary policy, increase in development spending and CPEC-inspired activities. The SBP on Friday re
Published 01 Apr, 2017 12:00am
Current account deficit likely to widen further
Cotton

Current account deficit likely to widen further

The State Bank of Pakistan (SBP), in its quarterly report said the overall economic environment remains conducive for growth, on the back of accommodative monetary policy, increase in development spending and CPEC-inspired activities. The SBP on Friday re
Published 01 Apr, 2017 12:00am
LSM posts 3.9 percent growth in H1

LSM posts 3.9 percent growth in H1

Large Scale Manufacturing (LSM) sector recorded a growth of 3.9 percent during the first half of FY17, the same level realised last year, the State Bank of Pakistan's second quarterly report issued Friday said. The report said that after a dull first quar
Published 01 Apr, 2017 12:00am
LSM posts 3.9 percent growth in H1

LSM posts 3.9 percent growth in H1

Large Scale Manufacturing (LSM) sector recorded a growth of 3.9 percent during the first half of FY17, the same level realised last year, the State Bank of Pakistan's second quarterly report issued Friday said. The report said that after a dull first quar
Published 01 Apr, 2017 12:00am
LSM posts 3.9 percent growth in H1

LSM posts 3.9 percent growth in H1

Large Scale Manufacturing (LSM) sector recorded a growth of 3.9 percent during the first half of FY17, the same level realised last year, the State Bank of Pakistan''s second quarterly report issued Friday said. The report said that after a dull first qua
Published 01 Apr, 2017 12:00am
Red tape hurts execution of second LNG terminal

Red tape hurts execution of second LNG terminal

The second Liquefied Natural Gas (LNG) terminal of Pakistan is not likely to be completed on the scheduled date - June 30, 2017 - owing to bureaucratic hurdles, Business Recorder has learnt. In 2016, the government awarded the contract for building
Published 01 Apr, 2017 12:00am
Red tape hurts execution of second LNG terminal

Red tape hurts execution of second LNG terminal

The second Liquefied Natural Gas (LNG) terminal of Pakistan is not likely to be completed on the scheduled date - June 30, 2017 - owing to bureaucratic hurdles, Business Recorder has learnt. In 2016, the government awarded the contract for building
Published 01 Apr, 2017 12:00am
Red tape hurts execution of second LNG terminal

Red tape hurts execution of second LNG terminal

The second Liquefied Natural Gas (LNG) terminal of Pakistan is not likely to be completed on the scheduled date - June 30, 2017 - owing to bureaucratic hurdles, Business Recorder has learnt. In 2016, the government awarded the contract for building
Published 01 Apr, 2017 12:00am
Prices of petrol, HSD increased by Re1

Prices of petrol, HSD increased by Re1

The federal government on Friday revised upward the prices of POL products by increasing Re1 per litre for both motor spirit (MS) and high speed diesel (HSD). With the fresh increase of Re 1 per litre, MS will be sold at Rs 74 per litre and HSD at Rs 84 f
Published 01 Apr, 2017 12:00am
Prices of petrol, HSD increased by Re1

Prices of petrol, HSD increased by Re1

The federal government on Friday revised upward the prices of POL products by increasing Re1 per litre for both motor spirit (MS) and high speed diesel (HSD). With the fresh increase of Re 1 per litre, MS will be sold at Rs 74 per litre and HSD at Rs 84 f
Published 01 Apr, 2017 12:00am
Prices of petrol, HSD increased by Re1

Prices of petrol, HSD increased by Re1

The federal government on Friday revised upward the prices of POL products by increasing Re1 per litre for both motor spirit (MS) and high speed diesel (HSD). With the fresh increase of Re 1 per litre, MS will be sold at Rs 74 per litre and HSD at Rs 84 f
Published 01 Apr, 2017 12:00am
PSX stages smart recovery

PSX stages smart recovery

Pakistan Stock Exchange (PSX) Friday witnessed a healthy recovery on the back of fresh buying, mainly by local investors and institutions. The benchmark KSE-100 index increased by 206.60 points and closed at 48,155.93 points. However, foreign investors re
Published 01 Apr, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Apr, 2017 12:00am
PSX stages smart recovery

PSX stages smart recovery

Pakistan Stock Exchange (PSX) Friday witnessed a healthy recovery on the back of fresh buying, mainly by local investors and institutions. The benchmark KSE-100 index increased by 206.60 points and closed at 48,155.93 points. However, foreign investors re
Published 01 Apr, 2017 12:00am
PSX stages smart recovery

PSX stages smart recovery

Pakistan Stock Exchange (PSX) Friday witnessed a healthy recovery on the back of fresh buying, mainly by local investors and institutions. The benchmark KSE-100 index increased by 206.60 points and closed at 48,155.93 points. However, foreign investors re
Published 01 Apr, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Apr, 2017 12:00am
BRIndex30 up 154.75 points

BRIndex30 up 154.75 points

On Friday, BRIndex30 opened at 26,315.03 points. It touched an intraday high of 26,550.69 points and an intraday low of 26,100.45 points and closed at 26,469.78 points which was 154.75 points or 0.59 percent higher than previous close. Total volume was 16
Published 01 Apr, 2017 12:00am
BRIndex30 up 154.75 points

BRIndex30 up 154.75 points

On Friday, BRIndex30 opened at 26,315.03 points. It touched an intraday high of 26,550.69 points and an intraday low of 26,100.45 points and closed at 26,469.78 points which was 154.75 points or 0.59 percent higher than previous close. Total volume was 16
Published 01 Apr, 2017 12:00am
Provisional collection stands at Rs 2265 billion in nine months

Provisional collection stands at Rs 2265 billion in nine months

The shortfall in revenue collection continued during July-March (2016-17) as provisional collection stood at Rs 2265 billion during first nine months of 2016-17. It is learnt that the target for March 2017 was Rs 350.1 billion and Rs 834.4 billion tax pro
Published 01 Apr, 2017 12:00am
Election symbol: PTI remains no more eligible for allotment: ECP

Election symbol: PTI remains no more eligible for allotment: ECP

The Election Commission of Pakistan (ECP) on Friday said that Pakistan Tehreek-e-Insaf (PTI) remained no more eligible to allot election symbol in the ensuing elections due to its failure in holding intra-party elections as per section 11 and 12 of the Po
Published 01 Apr, 2017 12:00am
Out-of-turn promotions: LHC seeks reply from registrar

Out-of-turn promotions: LHC seeks reply from registrar

The Lahore High Court (LHC) on Friday admitted a petition for regular hearing and sought reply from the registrar of the court by May 30 about the steps taken for the implementation of a Supreme Court's verdict against out-of-turn promotions. Assistant Re
Published 01 Apr, 2017 12:00am
OPC helps in retrieving back expatriate's house

OPC helps in retrieving back expatriate's house

The Overseas Pakistanis Commission (OPC) Punjab has helped an expatriate Pakistani based in USA in retrieving back his house worth Rs 120 million from the illegal occupation of his close relative after 14 years. Vice Chairperson OPC Shaheen Khalid Butt in
Published 01 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
Automotive industry to participate in Vietnam expo from April 19

Automotive industry to participate in Vietnam expo from April 19

Chairman of Pak-Vietnam Business Council Ghazanfar Ali Khan, who is also Senior Vice President of Korangi Association of Trade & Industry (KATI), has said that Pakistani Automotive Industry will participate in international expo going to be held in capita
Published 01 Apr, 2017 12:00am
Daewoo Express begins terminal at Thokkar Niaz Baig

Daewoo Express begins terminal at Thokkar Niaz Baig

Pakistan's largest transport company, Daewoo Pakistan Express, has started its new state-of-the-art bus terminal at Thokkar Niaz Baig, Lahore on Friday. In this regard, a formal inauguration ceremony presided over by Malik Muhammad Rafique Rajwana was hel
Published 01 Apr, 2017 12:00am
'Real' Syria peace talks yet to start: UN

'Real' Syria peace talks yet to start: UN

The UN on Friday said "incremental" progress was made during a fifth round of talks between Syria's warring parties, but warned the "real peace negotiations" had yet to begin. Syrian government and opposition representatives had been "serious and engaged"
Published 01 Apr, 2017 12:00am
President signs bill extending military courts tenure for two years

President signs bill extending military courts tenure for two years

President Mamnoon Hussain on Friday signed the Constitution's 28th Amendment Bill 2017 extending military courts for another two years. The bill, following the President's signature, is now an Act of Parliament. Under this Act, the duration of the militar
Published 01 Apr, 2017 12:00am
President signs bill extending military courts tenure for two years

President signs bill extending military courts tenure for two years

President Mamnoon Hussain on Friday signed the Constitution's 28th Amendment Bill 2017 extending military courts for another two years. The bill, following the President's signature, is now an Act of Parliament. Under this Act, the duration of the militar
Published 01 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Steadier trend was again witnessed on the money market on Friday as the rupee held present firmness versus the dollar in the process of trading, dealers said. The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 104.84 a
Published 01 Apr, 2017 12:00am
Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

The shareholders of Askari Bank Limited have approved the audited financial statements of the Bank for 2016 and final cash dividend of Rs 1.5 per share. Askari Bank's shareholders 25th Annual General Meeting was held Friday at Rawalpindi. The bank's perfo
Published 01 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Steadier trend was again witnessed on the money market on Friday as the rupee held present firmness versus the dollar in the process of trading, dealers said. The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 104.84 a
Published 01 Apr, 2017 12:00am
Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

The shareholders of Askari Bank Limited have approved the audited financial statements of the Bank for 2016 and final cash dividend of Rs 1.5 per share. Askari Bank's shareholders 25th Annual General Meeting was held Friday at Rawalpindi. The bank's perfo
Published 01 Apr, 2017 12:00am
Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

The shareholders of Askari Bank Limited have approved the audited financial statements of the Bank for 2016 and final cash dividend of Rs 1.5 per share. Askari Bank''s shareholders 25th Annual General Meeting was held Friday at Rawalpindi. The bank''s per
Published 01 Apr, 2017 12:00am
Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

Askari Bank AGM held: Cash dividend of Rs 1.5 per share approved

The shareholders of Askari Bank Limited have approved the audited financial statements of the Bank for 2016 and final cash dividend of Rs 1.5 per share. Askari Bank''''s shareholders 25th Annual General Meeting was held Friday at Rawalpindi. The bank''''s
Published 01 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
UN agency suspends Gaza missions

UN agency suspends Gaza missions

A United Nations political agency suspended its missions to Gaza Friday after the Hamas authorities in the Palestinian enclave partly closed the key border crossing into Israel, a source said. The UN Special Co-ordinator for the Middle East peace process
Published 01 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
Capacity building project: Ministry raises objections on PC-1

Capacity building project: Ministry raises objections on PC-1

Ministry of Planning, Development and Reforms has raised objections on the PC-1 of the project titled Capacity Building of the Office of Pakistan Commissioner for Indus Waters (PCIW) at a cost of Rs 635.4 million. According to sources, PC-1 documents offe
Published 01 Apr, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
Capacity building project: Ministry raises objections on PC-1

Capacity building project: Ministry raises objections on PC-1

Ministry of Planning, Development and Reforms has raised objections on the PC-1 of the project titled Capacity Building of the Office of Pakistan Commissioner for Indus Waters (PCIW) at a cost of Rs 635.4 million. According to sources, PC-1 documents offe
Published 01 Apr, 2017 12:00am
Capacity building project: Ministry raises objections on PC-1

Capacity building project: Ministry raises objections on PC-1

Ministry of Planning, Development and Reforms has raised objections on the PC-1 of the project titled Capacity Building of the Office of Pakistan Commissioner for Indus Waters (PCIW) at a cost of Rs 635.4 million. According to sources, PC-1 documents offe
Published 01 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 31, 2017)

Published 01 Apr, 2017 12:00am
Infrastructure expenditures: KP outsmarts the rest

Infrastructure expenditures: KP outsmarts the rest

While the infrastructure expenditures of the federal, Punjab, Sindh and Balochistan governments dipped in the first two quarters of the current fiscal year, spending by the Khyber Pakhtunkhwa government witnessed an increase of 128 percent.
Published 01 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
Infrastructure expenditures: KP outsmarts the rest

Infrastructure expenditures: KP outsmarts the rest

While the infrastructure expenditures of the federal, Punjab, Sindh and Balochistan governments dipped in the first two quarters of the current fiscal year, spending by the Khyber Pakhtunkhwa government witnessed an increase of 128 percent.
Published 01 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 01 Apr, 2017 12:00am
Infrastructure expenditures: KP outsmarts the rest

Infrastructure expenditures: KP outsmarts the rest

While the infrastructure expenditures of the federal, Punjab, Sindh and Balochistan governments dipped in the first two quarters of the current fiscal year, spending by the Khyber Pakhtunkhwa government witnessed an increase of 128 percent.
Published 01 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 01 Apr, 2017 12:00am
Major reshuffle in bureaucracy

Major reshuffle in bureaucracy

In a major reshuffle at top level bureaucracy, the government has transferred a number of federal secretaries. According to the Establishment Division, Secretary Water & Power Mohammad Younus Dagha has been transferred and given new assignment as the secr
Published 01 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 31, 2017).

Published 01 Apr, 2017 12:00am
Major reshuffle in bureaucracy

Major reshuffle in bureaucracy

In a major reshuffle at top level bureaucracy, the government has transferred a number of federal secretaries. According to the Establishment Division, Secretary Water & Power Mohammad Younus Dagha has been transferred and given new assignment as the secr
Published 01 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Friday (March 31, 2017) and the forecast for Saturday (April 01, 2017).

Published 01 Apr, 2017 12:00am
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