News Archives for Print - 2015-10-11

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (October 10, 2015).

Published 11 Oct, 2015 12:00am

Currency

THE RUPEE: steadier trend

Steadier trend was again witnessed on the money market on Saturday, as the rupee showed no change in terms of the dollar in the process of trading, dealers said. The rupee depicted no variation in relation to the dollar for buying and selling at Rs 104.40

Published 11 Oct, 2015 12:00am

Currency

THE RUPEE: steadier trend

Steadier trend was again witnessed on the money market on Saturday, as the rupee showed no change in terms of the dollar in the process of trading, dealers said. The rupee depicted no variation in relation to the dollar for buying and selling at Rs 104.40

Published 11 Oct, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (October 10, 2015).

Published 11 Oct, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (October 10, 2015).

Published 11 Oct, 2015 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (October 10, 2015).

Published 11 Oct, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 Oct, 2015 12:00am

Syria seeks to buy wheat

Syria's state grains agency has issued an international tender to purchase and import 200,000 tonnes of soft wheat for bread making, European traders said on Thursday. The tender deadline is October 19, traders said. Traders said in September they believe

Published 11 Oct, 2015 12:00am

Rice prices up in Vietnam, Thailand on Indonesian demand

Vietnamese rice prices rose around 3 percent to an 11-week high following news of a major deal with Indonesia, while prices in Thailand also edged up as the market monitored Indonesian import demand, traders said on Wednesday. Vietnam, the world's third-l

Published 11 Oct, 2015 12:00am

US FOB Gulf corn premiums lower on weak demand

Corn export premiums at the US Gulf Coast were flat to lower on Thursday, weighed down by weak export demand and rising supplies of newly harvested grain, traders said. Stiff competition from low-cost South American corn is limiting demand for US supplies

Published 11 Oct, 2015 12:00am

Cotton

Oil cake market rates

The December contract was sharply higher on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1309.90 and the next day it opened with a gain of 40 to Rs 1310.30 in the early session

Published 11 Oct, 2015 12:00am

Cotton

Cotton market: spot rate extends overnight gains on strong buying

Official spot rate extended overnight gains on the cotton market on Saturday as mills and spinners continued buying following the fears of short supply of crop in the coming days, dealers said. The official spot rate was higher by up by Rs 50 to Rs 5250,

Published 11 Oct, 2015 12:00am

US Midwest corn, soyabean bids steady

Spot basis bids for corn and soyabeans held steady at most elevators and processors around the US Midwest on Thursday but the cash market had a weak tone in areas west of the Mississippi River. Dry weather in the West allowed farmers to speed up their pac

Published 11 Oct, 2015 12:00am

Saudi Arabia tenders to buy 715,000 tonnes of hard wheat

Saudi Arabia's state wheat-buying agency, the Grain Silos and Flour Mills Organisation (GSFMO), said on Thursday it had issued an international tender to purchase 715,000 tonnes of hard wheat. The tender deadline is Friday, October 9 with shipment sought

Published 11 Oct, 2015 12:00am

Bangladesh tea prices higher

Tea prices in Bangladesh rose for a fourth straight session at the weekly auction on Tuesday, on strong demand for quality leaf despite higher volume on offer. Bangladeshi tea fetched an average 190.56 taka ($2.4) per kg at the twenty-first auction of the

Published 11 Oct, 2015 12:00am

Cotton

Modest business on grain market

Modest business was seen on the local grain market on Saturday due to less buying interest among buyers, dealers said. On the cereals side, Gur prices picked up by Rs 300 to Rs 8000 and Rs 8500, other commodities managed to hold overnight levels, they sai

Published 11 Oct, 2015 12:00am

Vegetable Oil

Palm oil mostly firmer on European vegoils market

Palm oil on the European vegetable oils market was mostly firmer on Wednesday on a stronger ringgit, which underpins prices quoted in other currencies. "A strong ringgit supported prices on the European cash market, while the same rise caused Malaysian pa

Published 11 Oct, 2015 12:00am

Freight rates for capesize face mixed prospects next week

Freight rates for capesize bulk carriers face mixed prospects next week as uncertain cargo demand from China after the Golden Week holiday potentially weighs on freight rates, while tighter tonnage supply could arrest the current decline in rates, ship br

Published 11 Oct, 2015 12:00am

Indian soyaoil, sugar fall on profit-booking

Indian soyabean hit a four-month high as expectations of low crop output continued to boost futures prices while soyaoil and sugar fell as investors booked profits. The most active November soyabean futures on the National Commodity and Derivatives Exchan

Published 11 Oct, 2015 12:00am

CBOT wheat ends lower on technical selling

Wheat futures on the Chicago Board of Trade fell Thursday on technical selling and position-squaring one day ahead of monthly supply/demand reports due from the US Department of Agriculture, traders said. Analysts expect the USDA on Friday to lower its fo

Published 11 Oct, 2015 12:00am

Russia may buy up to 1.5 million tonnes of grain for state stocks

Russia's Agriculture Ministry will boost grain purchases for state stocks as soon as its higher prices are approved and may buy up to 1.5 million tonnes on the domestic market by January, said Andrey Sizov, head of agriculture consultancy SovEcon. The min

Published 11 Oct, 2015 12:00am

Asian naphtha extends losses for second day

Asia's naphtha crack extended losses for the second day on Thursday to reach a three-session low of $91.08 a tonne on higher supplies from the West. After two months of lower-than-average volumes arriving in the East in September and October, Europe is ex

Published 11 Oct, 2015 12:00am

Currency

Asian coffee premiums widen in Vietnam, Indonesia

Coffee trade in Vietnam, the world's top robusta producer, was moderate this week at the start of the new 2015/2016 season, while Indonesian traders said the recent strengthening of the rupiah had squeezed profits amid light buying. Coffee prices turned l

Published 11 Oct, 2015 12:00am

Chinese iron ore futures climb nearly two percent

Iron ore futures in China climbed nearly 2 percent on Thursday with steel mills looking to replenish inventories of the raw material after a week-long National Day break. However, gains could be short-lived, traders and analysts warned, as a weak steel ma

Published 11 Oct, 2015 12:00am

West European wheat prices little changed

West European wheat prices were little changed on Thursday, with Paris futures consolidating near a seven-week high, as the market awaited fresh direction from US government crop data. Trading also reflected a cautious mood across markets as investors bra

Published 11 Oct, 2015 12:00am

Basel regulators make U-turn on banks' use of credit rating agencies

Global banking regulators have decided to allow lenders to keep using credit rating agencies to help them determine how much capital they need to hold to cover the risks of borrowers getting into trouble, a top central banker said on Friday. Stefan Ingves

Published 11 Oct, 2015 12:00am

Draghi urges Greece to stick to bailout for bank recap, debt relief

European Central Bank Governor Mario Draghi urged Greece on Saturday to stick to its latest bailout to pave the way for bank recapitalization and talks on debt relief. In an interview with Sunday's edition of Kathimerini newspaper, Draghi said the second

Published 11 Oct, 2015 12:00am

Tanzania's economic growth slows to 7.9 percent

Tanzania's economic growth slowed in the second quarter compared with the same period a year ago, hit by slowdowns in the manufacturing, construction, transport and communications sectors, data showed on Saturday. The economy grew 7.9 percent in the April

Published 11 Oct, 2015 12:00am

Japan-backed fund considering investing in Sharp

A Japanese government-backed fund is considering a range of options to help turn around Sharp Corp including a direct investment, a person familiar with the matter said. A direct investment would mark a shift in thinking at the Innovation Network Corporat

Published 11 Oct, 2015 12:00am

Japan-backed fund considering investing in Sharp

A Japanese government-backed fund is considering a range of options to help turn around Sharp Corp including a direct investment, a person familiar with the matter said. A direct investment would mark a shift in thinking at the Innovation Network Corporat

Published 11 Oct, 2015 12:00am

Development banks pledge $15 billion in new climate funds

Development banks including the World Bank have pledged an additional $15 billion a year by 2020 to fight climate change, taking the world closer to the clutch target of $100 billion, officials said Friday. Just two months before key UN climate talks in P

Published 11 Oct, 2015 12:00am

Development banks pledge $15 billion in new climate funds

Development banks including the World Bank have pledged an additional $15 billion a year by 2020 to fight climate change, taking the world closer to the clutch target of $100 billion, officials said Friday. Just two months before key UN climate talks in P

Published 11 Oct, 2015 12:00am

J.P Morgan again wins dismissal of whistleblower lawsuit in US

J.P. Morgan Chase & Co on Friday won the dismissal of a US whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client's potential fraud, even after authorities exposed the massive Ponzi scheme operated by

Published 11 Oct, 2015 12:00am

Italian bank UBI approves landmark reform

Italian cooperative bank UBI is talking to domestic rival Banco Popolare among others about a possible tie-up after a government reform of the sector that is expected to spur a wave of mergers between the country's lenders. UBI Chief Executive Victor Mass

Published 11 Oct, 2015 12:00am

Russia to raise mineral extraction tax rate on Gazprom

Russia plans to increase the mineral extraction tax (MET) rate that is applied to gas company Gazprom by 36.7 percent in 2016, according to amendments to the Tax Code published on the government's website on Saturday. On Thursday the government approved t

Published 11 Oct, 2015 12:00am

Russia to raise mineral extraction tax rate on Gazprom

Russia plans to increase the mineral extraction tax (MET) rate that is applied to gas company Gazprom by 36.7 percent in 2016, according to amendments to the Tax Code published on the government's website on Saturday. On Thursday the government approved t

Published 11 Oct, 2015 12:00am

Dubai developer to build $4.8 billion tourist resort in Bosnia

Dubai-based developer Buroj Property Development said on Saturday it plans to invest 4.3 billion euros ($4.8 bln) to build a luxury tourist resort near Sarajevo, in what could be the biggest foreign investment of its kind in the Balkan country. Bosnia, wh

Published 11 Oct, 2015 12:00am

Germany says firms set aside enough nuclear decommissioning funds

Operators of German nuclear power plants have set aside enough funds to pay for decommissioning the country's reactors, the Economy Ministry said on Saturday, even though stress tests showed the potential cost could far exceed their provisions. Germany's

Published 11 Oct, 2015 12:00am

Best week ever for Glencore shares hides investor wariness

Glencore's stock market ride has put it on track for its best week ever, with a gain of 40 percent. Whether it will recapture broad investment appeal anytime soon is another matter. The global commodities trader and mining company has fallen around 60 per

Published 11 Oct, 2015 12:00am

Global funds buying main Asian indexes missing out on winners

Global investors buying the major Asia stock indexes as proxies for the region's economic fortunes are getting less bang for their buck as major exporting firms face earnings pressure amid depressed demand. The indexes that global funds usually buy such a

Published 11 Oct, 2015 12:00am

Strong market debuts in Hong Kong augur well for big upcoming IPOs

Shares in the Chinese unit of IMAX Corp and the world's biggest manufacturer of bras surged in their Hong Kong trading debuts on Thursday, a sign of reviving market confidence that bodes well for upcoming larger IPOs. After taking a beating in the latest

Published 11 Oct, 2015 12:00am

European stocks to rally but unlikely to regain 2015 peaks

European stock markets will rise from now until the end of 2015 although will remain below peak levels reached earlier in the year, according to a Reuters poll in which analysts slashed forecasts from just three months ago. The Reuters poll of around 30 t

Published 11 Oct, 2015 12:00am

Wall Street little changed in choppy trading; financials weigh

Wall Street was little changed in choppy trading on Friday as investor optimism due to fading chances of an interest rate hike this year was offset by a fall in energy and financial stocks. Minutes from the Federal Reserve's September meeting showed polic

Published 11 Oct, 2015 12:00am

IPO of Norway's Skandiabanken seen within a month

The Norwegian business of Skandiabanken is likely to list shares on the Oslo Stock Exchange within a month and will use some of the proceeds to help finance further growth and secure dividend capacity, its chief executive said on Tuesday. Skandiabanken wa

Published 11 Oct, 2015 12:00am

Treasuries outlook: longer-dated US bonds rise on 2015 rate-hike view

Prices on longer-dated US Treasuries rose on Friday in light, choppy trading, as several Federal Reserve officials hinted that an interest rate increase later this year remains possible even after the soft September payrolls report. Comments from New York

Published 11 Oct, 2015 12:00am

Treasuries outlook: longer-dated US bonds rise on 2015 rate-hike view

Prices on longer-dated US Treasuries rose on Friday in light, choppy trading, as several Federal Reserve officials hinted that an interest rate increase later this year remains possible even after the soft September payrolls report. Comments from New York

Published 11 Oct, 2015 12:00am

TSX rally ends as energy stocks slip

A five-day winning streak for Canada's main stock index ended on Friday, but only just, as energy shares pulled back from a recent rally while mining stocks pushed higher on rising bullion prices. The Toronto Stock Exchange's S&P/TSX composite index fell

Published 11 Oct, 2015 12:00am

China exchanges eye increased monitoring of automated trading

China on Friday issued draft regulations governing automated stock trading on three exchanges, including the adoption of a net daily purchase quota for some securities, in an effort to prevent a repeat of the turmoil that roiled markets this summer.

Published 11 Oct, 2015 12:00am

Ferrari valued at up to $9.8 billion in US IPO

Italian luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said. Parent Fiat Chrysler Automobiles (FCA) will sell up to 10 percen

Published 11 Oct, 2015 12:00am

Ferrari valued at up to $9.8 billion in US IPO

Italian luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said. Parent Fiat Chrysler Automobiles (FCA) will sell up to 10 percen

Published 11 Oct, 2015 12:00am

Germany's Schaeffler cuts IPO size, pricing on VW fallout

German automotive parts maker Schaeffler sharply reduced the size of its planned initial public offering (IPO) on Monday, after delaying it last week in the wake of the Volkswagen emissions scandal and volatile markets. VW accounts for more than 10 percen

Published 11 Oct, 2015 12:00am

Germany's Schaeffler cuts IPO size, pricing on VW fallout

German automotive parts maker Schaeffler sharply reduced the size of its planned initial public offering (IPO) on Monday, after delaying it last week in the wake of the Volkswagen emissions scandal and volatile markets. VW accounts for more than 10 percen

Published 11 Oct, 2015 12:00am

Currency

African currencies week ahead: Zambian kwacha seen weakening; Ghana's cedi to rally

Zambia's kwacha may depreciate next week due challenges including electricity shortages and tumbling copper prices, while Ghana's cedi is expected to rally due to expected inflows from an annual dollar loan to fund cocoa purchases.

Published 11 Oct, 2015 12:00am

Kazakh central bank says aims to smooth tenge volatility

Kazakhstan's central bank sees the current tenge exchange rate as adequate given oil prices and other external factors, but will keep intervening on the market to avoid excessive volatility, its chairman said on Monday. The tenge's weighted average rate o

Published 11 Oct, 2015 12:00am

Currency

Indonesia rupiah 'far too undervalued'

A recent rebound in Indonesia's rupiah currency is due to global factors as well as domestic policy measures, the deputy governor of the central bank told Reuters on Tuesday. Growing expectations that the US Federal Reserves would hold off from raising it

Published 11 Oct, 2015 12:00am

Currency

Euro holds the line as ECB easing bets offset by grounded Fed

Revisions to the expected timetable for a US interest rate rise after disappointing jobs data have undermined bets that the euro will plunge against the dollar as monetary policies in the euro zone and the United States diverge. Expectations the central b

Published 11 Oct, 2015 12:00am

Currency

Dollar hits multi-week lows against euro, Swiss franc after Fed minutes

The US dollar hit multi-week lows against the euro and Swiss franc on Friday, the day after minutes from the Federal Reserve's September meeting bolstered expectations for a later interest rate hike, while growth-linked currencies surged. The dollar index

Published 11 Oct, 2015 12:00am

Currency

Canadian dollar touches 2-1/2 months high

The Canadian dollar rallied against its US counterpart on Friday, at one point touching its strongest level since late July, as investors took on more risk, relieved by indications of a more dovish US Federal Reserve. The currency surged to a session high

Published 11 Oct, 2015 12:00am

Currency

Speculators reduce US dollar longs

Speculators pared back bullish bets on the US dollar in the latest week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to $20.89 billion in

Published 11 Oct, 2015 12:00am

Zloty seen firming more than four percent versus euro in next 12 months

The zloty, buoyed by Poland's steady economic growth, is expected to gain more than 4 percent against the euro in the next 12 months, well outperforming Central European peers. According to an October 5-7 Reuters poll of 30 analysts, the zloty could firm

Published 11 Oct, 2015 12:00am

Currency

Colombian peso depreciation to slow in coming months

The Colombian peso's rate of depreciation will slow in the coming months, amid expectations that an interest rate hike in the United States will be delayed and the fall in oil prices will reach a bottom, a Reuters poll showed on Wednesday. According to an

Published 11 Oct, 2015 12:00am

Currency

Yuan overtakes yen in global payment rankings

China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said Tuesday, as Beijing pushes greater international use of its currency. The yuan - also known as the r

Published 11 Oct, 2015 12:00am

Currency

Emerging Asia FX to fall further on dollar rally, China fears

Emerging Asian currencies are expected to fall further over the coming year as a regional economic slowdown, led by China, and prospects of higher interest rates in the US propel the dollar higher, a Reuters poll showed. Asian currencies have weathered th

Published 11 Oct, 2015 12:00am

Spain, Switzerland storm into Euro 2016 finals

Spain and Switzerland racked up 11 goals between them to qualify for Euro 2016 on Friday as England maintained their 100 percent record. Champions in 2008 and 2012, Spain beat Luxembourg 4-0 in Group C thanks to a brace each from Arsenal playmaker Santi C

Published 11 Oct, 2015 12:00am

Salman and Asif set to feature in first-class tournament

A major Pakistani team Saturday confirmed they had signed Salman Butt and paceman Mohammad Asif, who were last month relieved of sanctions over spot fixing. Former champions Water and Power Development Authority (WAPDA) said Butt and Asif will feature in

Published 11 Oct, 2015 12:00am

Pressure on Dhoni as Proteas gear for India ODIs

South Africa hope to build on their Twenty20 success in India by winning the one-day series starting Sunday as rival skipper Mahendra Singh Dhoni prepared to douse the fire around him. The Proteas made a solid start to their 10-week Indian tour by winning

Published 11 Oct, 2015 12:00am

Rosberg again denies Hamilton his 50th pole

Nico Rosberg seized pole position for the Russian Formula One Grand Prix on Saturday with world champion Lewis Hamilton joining his team mate on the front row in a perfect qualifying for Mercedes. The pole was Rosberg's third of the season with championsh

Published 11 Oct, 2015 12:00am

Inter-School girls tournament begins

Amidst fireworks and beautiful displays of athleticism from gymnasts and aspiring young yogis, the 3rd Inter-School All-Girls sports tournament was inaugurated today at the Dawood Public School (DPS). Following the launch, over 450 students from 22 leadin

Published 11 Oct, 2015 12:00am

Nadal to face Djokovic in Beijing final

Rafa Nadal will take on world number one Novak Djokovic in the China Open final after the multiple grand slam champions bludgeoned their way to straight-sets wins on Saturday. Nadal extracted a modicum of revenge on new Italian foe Fabio Fognini with a 7-

Published 11 Oct, 2015 12:00am

Platini confirms appeal, French ready for court move

Suspended UEFA president Michel Platini lodged an appeal with FIFA against his 90-day ban from the game on Saturday while French soccer's governing body said it would back him if he went to the Court of Arbitration for Sport (CAS). The Frenchman, who hope

Published 11 Oct, 2015 12:00am

Root braced for spin and sun challenge against Pakistan

England batsman Joe Root insisted Saturday that his side can cope with the twin challenge of Pakistan spin and the searing heat of the Gulf in their three-Test series. As underdogs, England regained the Ashes at home two months ago but now face a daunting

Published 11 Oct, 2015 12:00am

Geelani accepts Nawaz's invitation for visit

Pakistan Prime Minister Nawaz Sharif sent a written letter to Chairman All Parties Hurriyat Conference Syed Ali Geelani through Pakistan High Commissioner Abdul Basit, in which he had formally invited Geelani to Pakistan. While promising full support to t

Published 11 Oct, 2015 12:00am

Fishing & peasant families celebrate World Food Day

A large number of community women from fishing and peasant families participated in a rally to celebrate World Food Day on Saturday, in Hyderabad city. The rally was a part of week-long activities, announced by Pakistan Fisherfolk Forum (PFF) for celebrat

Published 11 Oct, 2015 12:00am

LHC CJ to inaugurate Judicial Complex tomorrow

Lahore High Court Chief Justice Manzoor Ahmad Malik will inaugurate the newly constructed Judicial Complex on October 12. The judges of the high court and lower courts, law officers, senior court officials and Bar members will attend the ceremony. All cen

Published 11 Oct, 2015 12:00am

Comprehensive mental health action plan prepared

On the instructions of Chief Minister Muhammad Shahbaz Sharif, health department has prepared a comprehensive 'Mental Health Action Plan' on which Rs 200 million would be spent. Director General Health Punjab Dr Zahid Pervaiz said here Saturday said that

Published 11 Oct, 2015 12:00am

Prices of almost all kitchen items rise

The prices of almost all essential kitchen items witnessed a rising trend during past week as compared to the prices of the preceding week, according to survey conducted by Business Recorder on Saturday. The survey indicated that the prices of a nu

Published 11 Oct, 2015 12:00am

Muslims facing destruction due to lack of knowledge: PU vice chancellor

Punjab University Vice Chancellor, Professor Dr Mujahid Kamran has said that genocide of the Muslims is going on and they were facing destruction only because of lack of knowledge. He said that conspiracies were being made to divide Afghanistan, Iraq, Syr

Published 11 Oct, 2015 12:00am

Amir Khan's case: hearing adjourned till October 30

An Anti-Terrorism Court (ATC) on Saturday adjourned the hearing of Muttahida Qaumi Movement (MQM) leader Amir Khan's case till October 30. The hearing was deferred due to non-availability of judge. While talking to media outside the court room, Amir Khan

Published 11 Oct, 2015 12:00am

Two bodies found in Quetta

Bullet riddled bodies of two persons including a woman were recovered here on Saturday. Rescue sources said that local spotted presence of two dead bodies in Kaley Sarda locality at Sariyab Road in the provincial capital Quetta. The bullet riddled bodies

Published 11 Oct, 2015 12:00am

KP chief minister shows flexibility on Kalabagh Dam issue

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said his province will have no objection over the construction of Kalabagh dam if its reservations are addressed. Speaking at a news conference here on Saturday, Pervez Khattak called for formation of a

Published 11 Oct, 2015 12:00am

IJT activists accused of beating up ICS students

Islami Jammiat Tulaba (IJT) activists were accused of thrashing and abducting three students of Institute of Communication Studies evening class (Development journalism) when they were waiting for a university bus along with female class fellows outside t

Published 11 Oct, 2015 12:00am

No load shedding on polling day

Lahore Electric Supply Company (LESCO) has on Saturday announced that there will be no load shedding in Lahore's NA-122 on Election Day October 11, from 8 in the morning till 12 midnight. According to LESCO officials, the decision has been taken in order

Published 11 Oct, 2015 12:00am

Killing of President: PP-188 is a political murder: Wattoo

Pakistan Peoples' Party (PPP) Punjab Manzoor Ahmed Wattoo has said the killing of President of the PP-188 in Okara Milk Aslam Channa and two others was a political murder. The local chapter of the ruling Party has eliminated the deceased as a result of de

Published 11 Oct, 2015 12:00am

'Go Nawaz Go' slogan appears on Met Office's website

A banner inscribed with the slogan of "Go Nawaz Go" appeared on the official website of the Met Office on Saturday, but its officials seemed to have been unaware of it. As the cyber attack blocked a key section of Met office's website that provides adviso

Published 11 Oct, 2015 12:00am

Visitors throng Pakistan gems, mineral show

The Gems and Mineral Show organized under the auspices of Gemmological Association of Pakistan (GAP) is attracting a large number of visitors including foreign buyers. The show having more than 100 stalls of different precious and semi-precious stones was

Published 11 Oct, 2015 12:00am

Metro bus stations & tracks: huge amount of money spent on unnecessary use of electricity

The management of Rawalpindi-Islamabad Metro Bus Service is spending a substantial amount on electricity bills against the policy by switching lights on at metro bus stations and metro tracks during the whole night. A high ranked official of Punjab Metro

Published 11 Oct, 2015 12:00am

Anti-polio campaign begins in KP

A three-day polio immunisation drive kicked off in Khyber Pakhtunkhwa (KP) province on Saturday amid tight security. A total of 3,287,429 children under the age of five years will be administered polio drops in 13 districts of the province during the immu

Published 11 Oct, 2015 12:00am

Mina stampede: five more Pakistanis identified, laid to rest in Makkah

Five more Pakistani nationals including three women who were martyred during stampede in Mina on occasion of 'Jamrat' were identified and laid to rest here on Saturday. The newly identified martyred Hujjaj included Shah Waliullah of Mohmand Agency, Salawa

Published 11 Oct, 2015 12:00am

Phosphatic/potassic fertilizers: government to pay subsidy on basis of ST invoices, returns

The government will pay subsidy on purchase of phosphatic and potassic fertilisers on the basis of sales tax invoices and sales tax returns submitted by the manufacturers/commercial importers of the said commodity. Sources told Business Recorder Sa

Published 11 Oct, 2015 12:00am

Zardari, Bilawal condemn killing of PPP candidate in Okara

Former President and Co-Chairman Pakistan Peoples' Party Asif Ali Zardari has condemned the targeted assassination of Malik Muhammad Aslam Channa, PPP candidate for the chairmanship of Union Council and membership of district council in Dibalpur Tehsil of

Published 11 Oct, 2015 12:00am

International Day Against Death Penalty: HRCP takes out protest rally

The Human Rights Commission of Pakistan (HRCP) Hyderabad Chapter took out the protest rally on Saturday to mark World Day against the Death Penalty. The rally was taken out from Radio Pakistan Hyderabad which ended at Hyderabad Press Club where a large nu

Published 11 Oct, 2015 12:00am

Enemies of Pakistan destabilising Balochistan: Chaudhry Nisar

Federal Interior Minister, Chaudhry Nisar Ali Khan Saturday said the enemies of Pakistan were behind the terrorist activities in Balochistan and world was eying on natural resources of province. Addressing the passing-out ceremony of the 57th batch of Fro

Published 11 Oct, 2015 12:00am

Lyari gang-war: Key suspect nabbed in Gwadar

A key suspect of Lyari gang-war was nabbed during Frontier Corps (FC) and intelligence agencies joint search operation in Gwadar on Saturday. According to FC spokesman, the detained suspect was involved in heinous crimes and extortion. Moreover, investiga

Published 11 Oct, 2015 12:00am

USAID-sponsored training for MoC officers ends

Ministry of Commerce (MoC) in collaboration with USAID Pakistan arranged a sophisticated training to develop the capacity of the Ministry officials in terms of learning best practices when negotiating treaties, trade access and trade policy. By identifyin

Published 11 Oct, 2015 12:00am

Pakistan EEZ excluded: CGPCS announces new revised limits of piracy HRA

Contact Group on Piracy off the Coast of Somalia (CGPCS) has announced that new revised limits of the piracy High Risk Area (HRA) have been declared by the shipping industry which will be effective from December 01, 2015. The move has come about after a l

Published 11 Oct, 2015 12:00am

Pakistan EEZ excluded: CGPCS announces new revised limits of piracy HRA

Contact Group on Piracy off the Coast of Somalia (CGPCS) has announced that new revised limits of the piracy High Risk Area (HRA) have been declared by the shipping industry which will be effective from December 01, 2015. The move has come about after a l

Published 11 Oct, 2015 12:00am

Bhikki power plant to give new lease of life to industrial sector: LCCI chief

Business community has welcomed the inauguration of 1180MW Bhikki power project near Sheikhupura and expressed the hope that the project, on completion, would help overcome power shortages apart from producing comparatively cheap electricity through LPG.

Published 11 Oct, 2015 12:00am

Nielsen report: 'Illicit cigarette trade grows 43.5 percent in six years'

A recent report published by Nielsen Pakistan and titled "The challenge of illicit trade in cigarettes: Impact and solutions for Pakistan" was launched at a seminar on "illicit trade in Pakistan" held recently in Lahore. Speaking at the event, the Nielsen

Published 11 Oct, 2015 12:00am

Power sector losses constitute threat to economy: PBIF chief

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has expressed concern that the income of an average Pakistani has not increased since 2011, while the tariff of electricity has been increased manifold which is a threat to p

Published 11 Oct, 2015 12:00am

Saudi Arabia always supports Pakistan: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Saudi Arabia is a great friend of Pakistan, which has always supported Pakistan in every hour of trial. He said that people of both the countries have deep affiliation with each other and Pakista

Published 11 Oct, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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