News Archives for Print - 2016-03-03

Print - 2016-03-03

Exchange

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 02, 2016).

Published 03 Mar, 2016 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 02, 2016).

Published 03 Mar, 2016 12:00am

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 02, 2016).

Published 03 Mar, 2016 12:00am

Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 03 Mar, 2016 12:00am

Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 03 Mar, 2016 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Mar, 2016 12:00am

Exchange

EFU Life Assurance

Even after decades of existence, the life insurance sector appears to be a nascent industry. Insurance penetration rates for Pakistan are lowest in the region - 0.5 percent of the GDP compared to India's 2.6 percent. A long period of monopoly from ear

Published 03 Mar, 2016 12:00am

Exchange

EFU Life Assurance

Published 03 Mar, 2016 12:00am

Scarcity of water

Through the columns of your renowned and well-reputed newspaper, I want to draw the attention of higher authorities towards acute shortage of water in Karachi. The Sindh government, KWSB and the district administration miserably have failed to deliver to

Published 03 Mar, 2016 12:00am

Partly Facetious: The Mians are bald

"So can the Sharifs do anything that can be supported by the Khan?"

Published 03 Mar, 2016 12:00am

Debt collectors strike fear in recession-hit Russia

"If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her credit card payments.

Published 03 Mar, 2016 12:00am

Reopening of cases by customs post-clearance audit system

Compliance may be adequately defined as conformity of behaviour with legal norms. In fact concept of "compliance" depends upon understandings of the relations of law, behaviour, objectives, and justice. These relations are of central importance to the rea

Published 03 Mar, 2016 12:00am

VIEWPOINT: Those protesting the loudest...

Events of the last few days inspire confidence that the State is beginning to reclaim its role to define the national values. First the Prime Minister attended a special showing of an Oscar nominated (and later winning) documentary about the so-called hon

Published 03 Mar, 2016 12:00am

Obstacles to investment flows

Every year before the budget, Overseas Investors Chamber of Commerce and Industry (OICCI) advances certain policy proposals for the consideration of the government which are generally not outlandish or unreasonable. The key taxation proposals for the budg

Published 03 Mar, 2016 12:00am

Censuses critical inputs to formulating policies

The decision to defer the holding of the census during the Council of Common Interest (CCI) meeting under the chairmanship of Prime Minister Nawaz Sharif is clearly a blow to the politico-economic structure of country. Political, because population determ

Published 03 Mar, 2016 12:00am

Cotton

Cotton futures fall for third straight session in muted trade

Cotton futures fell in muted trading on Tuesday as prices hovered near the prior session's 6-1/2 year low. On Monday, cotton futures pared losses after falling to the lowest since June 2009 due to worries over demand in China, which had sparked selling ea

Published 03 Mar, 2016 12:00am

Exchange

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 2.7 percent to 36,820 yuan ($5,621) a tonne, helping spur 2.6 percent gains in nickel and 1.7 percent advance in zinc. Announcements from China this week of a cut in bank reserve requirements and structural reforms

Published 03 Mar, 2016 12:00am

Exchange

Aluminium and zinc highest since October on global growth hopes

Copper, aluminium and zinc hit their highest levels in several months on Wednesday, bolstered by optimism that global growth will pick up and as speculators chased the rally. Industrial metals also benefited from a "risk-on" attitude in financial markets

Published 03 Mar, 2016 12:00am

Exchange

Rubber surges

Benchmark Tokyo rubber futures surged to a 1-month high on Wednesday as sharp gains in Asian stock prices as well as Shanghai rubber futures prompted a flurry of short-covering while the yen's dip added further support, dealers said. The Tokyo Commodity E

Published 03 Mar, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 03 Mar, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1700 GMT.

Published 03 Mar, 2016 12:00am

Wheat falls to multi-year lows

US wheat futures fell to multi-year lows on Tuesday, pressured by strength in the dollar and better crop conditions than last year in the Plains, analysts said. Soyabean and corn futures were also mostly down, with the most-active May contracts in both ma

Published 03 Mar, 2016 12:00am

Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell to their lowest in a month on Wednesday, weighed down by a stronger ringgit and weak export demand. The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed 1.9 percent lower at its intra-day

Published 03 Mar, 2016 12:00am

Raw sugar climbs

Raw sugar futures extended gains to an eight-week high on Wednesday, with supplies tightened by drought-hit crops in Thailand and India, and the prospect of increased use of Brazilian cane by the ethanol sector, dealers said. Arabica coffee futures turned

Published 03 Mar, 2016 12:00am

Exchange

Gold turns lower in New York

Gold turned lower on Tuesday, as the dollar and global equity markets rose on better-than-expected US data, fuelling speculation the Fed will raise US interest rates. Palladium surged more than 6 percent on strong US auto sales.

Published 03 Mar, 2016 12:00am

Gold extends losses in Asia

Gold dropped for a second straight session on Wednesday as global equities and the dollar rose following strong US manufacturing data that rekindled speculation the Federal Reserve could hike interest rates this year. Other safe-haven assets also fell, wi

Published 03 Mar, 2016 12:00am

Exchange

Gold rebounds in Europe

Gold rebounded on Wednesday as global shares turned lower after a fall in oil prices, shrugging off a steadier dollar following better-than-expected US economic data. Spot gold, lower initially, rose 0.5 percent to $1,237.71 an ounce by 1515 GMT, while US

Published 03 Mar, 2016 12:00am

US mulls options as sugar refiners face supply crunch

The US government is considering boosting raw sugar imports as refiners face a supply crunch due to a trade spat with Mexico and rising cane demand as food makers use less genetically modified ingredients, company and government officials said.

Published 03 Mar, 2016 12:00am

Oil steady, shrugs off big US crude build and erases early dip

Oil prices held steady on Wednesday as buyers banked on production limit plans to counter record high US crude stockpiles, keeping alive hopes the market had bottomed from the selloff that began nearly two years ago.

Published 03 Mar, 2016 12:00am

Exchange

US MIDDAY: wheat rallies

Chicago Board of Trade wheat futures rallied to close higher on Wednesday as traders covered short positions following the market's drop to its lowest level in nearly six years. Soyabean futures also advanced on bargain buying, halting a six-session slide

Published 03 Mar, 2016 12:00am

US MIDDAY: gold springs back

Gold rebounded on Wednesday as the US dollar turned lower, shrugging off a turn higher in global shares and better-than-expected US economic data. Spot gold, lower initially, rose 0.8 percent to $1,241.70 an ounce by 3:14 pm EST (2014 GMT), while US gold

Published 03 Mar, 2016 12:00am

Vegetable Oil

Indian soyabean falls on weak export demand

Indian soyabean fell on weak export demand for meals on Monday, while rapeseed dropped due to thin domestic demand. The March soyabean contract on the National Commodity & Derivatives Exchange declined 1.4 percent to 3,664 rupees ($53.56) per 100 kg.

Published 03 Mar, 2016 12:00am

Exchange

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,827 million. The number of lots traded was 19.26 million. PMEX Commodity Index closed at 2,628. Major business was contributed by gold amounting to PKR 4,235 million followed by cr

Published 03 Mar, 2016 12:00am

Asian naphtha crack at 1-1/2 week low

Asia's naphtha crack for front-month second-half April at $60.08 a tonne on Tuesday was the lowest front-month value in 1-1/2 weeks as the market remained awash with supplies, traders said. Too many European and Mediterranean naphtha cargoes were chasing

Published 03 Mar, 2016 12:00am

Vietnam coffee sales pick up on higher prices

Vietnam's domestic coffee sales have picked up on higher prices, boosted by foreign buying demand and possible damage from dry weather, but the price gain could be short-lived, traders said on Tuesday. May robusta coffee settled up 3.4 percent at $1,413 p

Published 03 Mar, 2016 12:00am

Russian wheat export prices down, track global benchmarks

Russian wheat export prices fell last week as traders were trying to return to more competitive levels amid a decline in global benchmarks, analysts said on Tuesday. Russian exporters face a difficult time in the coming weeks as domestic sellers are reluc

Published 03 Mar, 2016 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 69,773 tonnes of cargo comprising 40,982 tonnes of import cargo and 28,791 tonnes of export cargo including 3,212 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 40

Published 03 Mar, 2016 12:00am

Cotton

Oil cake market ates

An upward trend persisted on the forward cottonseeds oilcake market on Wednesday as the March vaida sustained firmness in the process of trading, dealers said. The March vaida closed on Tuesday at Rs 2051.60 and it commenced with a gain of 80 paisas at Rs

Published 03 Mar, 2016 12:00am

Cotton

Cotton market: trading activity picks up ahead of PCGA report

Trading activity improved modestly on the cotton market on Wednesday ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate resisted further erosion, holding overnight rate at Rs 5,200, dealers sai

Published 03 Mar, 2016 12:00am

Canadian canola futures fall

ICE Canadian canola futures fell on Monday for the third straight session, dragged down by demand concerns and weakness in soyoil, and registered its biggest monthly loss since July. Canola demand looks uncertain with key buyers Japan, China and Mexico am

Published 03 Mar, 2016 12:00am

Cotton

Prices of Bajra, seeds higher on grain market

Bajra and seeds prices were higher on the wholesale grain market on Wednesday in the process of trading, dealers said. On the grams side, Bajra low quality was higher by Rs 200 to Rs 3100 while the best type was unchanged at Rs 4600, they said.

Published 03 Mar, 2016 12:00am

Sussex sign Mustafizur

Sussex have signed young Bangladeshi star Mustafizur Rahman as their second overseas player for the 2016 season, the club announced on Wednesday. The left-arm seamer will be available for the whole of the Natwest T20 Blast after an Indian Premier League s

Published 03 Mar, 2016 12:00am

Musarrat bags four golds in Inter-University Athletic Meet

Musarrat Ali of Sargodha University bagged four individual gold medals by sweeping the female events part of the ongoing All-Pakistan Inter-University Athletic Championship being played here at Tartan Track of the Qayyum Sports Complex Wednesday.

Published 03 Mar, 2016 12:00am

Galatasaray banned from Europe for one year

UEFA on Wednesday banned Turkish champions Galatasaray from European competition for one year for breaching spending rules. A UEFA tribunal ordered the ban after Galatasaray "failed to comply with the terms of the settlement agreement" made with the Europ

Published 03 Mar, 2016 12:00am

47 percent of tickets sold and Zika not a problem, Rio organisers

Organisers for the 2016 Rio Olympics said on Wednesday that 47% of the tickets for the Games have already been sold, over five months before the opening ceremony. The ticket sales so far amount to $194 million, which is 74% of the financial target set by

Published 03 Mar, 2016 12:00am

GCU athlete sets new record

An athlete of the Government College University Lahore, Muhammad Ramzan, has set a new inter-universities record in 5000m race at the All Pakistan Inter-Universities Championship 2016 held under the auspices of the Higher Education Commission. As many as

Published 03 Mar, 2016 12:00am

Male fighters to compete without headgear in Rio

Male boxers will compete without headguards in the 2016 Rio Olympics after the International Olympic Committee (IOC) endorsed the decision of the sport's amateur governing body. The International Boxing Association (AIBA) changed the rules for amateur fig

Published 03 Mar, 2016 12:00am

Costa lifts Chelsea as Norwich crash again

Chelsea moved into the top half of the Premier League for the first time since August as Diego Costa sealed a 2-1 win at struggling Norwich on Tuesday. Guus Hiddink's side, who remain unbeaten in domestic action under their interim manager, climbed to eig

Published 03 Mar, 2016 12:00am

National Open Polo: Diamond Paints, Army Remounts, Sabeeha Anees win

Diamond Paints, Army Remounts and Sabeeha Anees conjured up contrasting wins in the prestigious National Open Polo Championship 2016 for Quaid-e-Azam Gold Cup matches played here at the Lahore Polo Club (LPC) grounds on Wednesday.

Published 03 Mar, 2016 12:00am

Djokovic, Bolt, Messi lead Laureus nominations

Novak Djokovic, Usain Bolt and Lionel Messi are among the six nominations for the Laureus Awards in the category of Best Male Athlete of 2015, the foundation announced on Wednesday. The 17th edition of the Laureus World Sports Awards, which honour the pro

Published 03 Mar, 2016 12:00am

Menez hits brace as Milan end 13-year wait for Cup final

Jeremy Menez ended an 11-month goal drought with a brace as AC Milan booked their first Italian Cup final in 13 years with a 5-0 rout of third division Alessandria on Tuesday.

Published 03 Mar, 2016 12:00am

Bangladesh stun Pakistan to reach Asia Cup final

Bangladesh's lower-order batsmen kept their cool under pressure to beat Pakistan by five wickets in Dhaka on Wednesday, securing them a place in the Asia Cup final. Soumya Sarkar was Bangladesh's highest scorer with 48 runs, helping his team to 131-5 in 1

Published 03 Mar, 2016 12:00am

Bangladesh stun Pakistan to reach Asia Cup final

Published 03 Mar, 2016 12:00am

Exchange

Greek creditors to resume reforms audit by March 10: Prime Minister

Greek Prime Minister Alexis Tsipras said Tuesday that an EU-IMF audit of the debt-laden country's reforms would likely resume by March 10, hinting that the process was being delayed by divisions among the creditors.

Published 03 Mar, 2016 12:00am

Ford, Fiat Chrysler US sales jump in February, GM lags

Ford and Fiat Chrysler reported Tuesday strong double-digit jumps in US sales in February, while General Motors said overall sales slipped on planned lower deliveries to rental companies. GM, the largest US automaker, reported total sales fell 1.5 percent

Published 03 Mar, 2016 12:00am

European banks favoured to manage Russian Eurobond: finance minister

European banks have greater chances than US ones of being among the organisers of a Russian sovereign Eurobond issue this year, Russian Finance Minister Anton Siluanov said on Tuesday.

Published 03 Mar, 2016 12:00am

European banks favoured to manage Russian Eurobond: finance minister

European banks have greater chances than US ones of being among the organisers of a Russian sovereign Eurobond issue this year, Russian Finance Minister Anton Siluanov said on Tuesday.

Published 03 Mar, 2016 12:00am

South Korea's January factory output falls at fastest pace in a year

South Korea's industrial output fell at its fastest pace in a year in January as production of key export items such as semiconductors and cars weakened, lending strength to views the central bank may lower rates again soon.

Published 03 Mar, 2016 12:00am

Aeroflot losses down as Russian airlines struggle on crisis

Russia's flagship carrier Aeroflot on Tuesday said it had reduced its loses in 2015, as the country's airlines continue to grapple with the fallout of Russia's economic crisis. The majority state-controlled company registered a net loss of 6.5 billion rub

Published 03 Mar, 2016 12:00am

Currency

China new home prices up in February

China's new home prices increased in February for the seventh straight month, a survey showed Tuesday, positive news for the key sector following a series of stimulus measures aimed at boosting lending. The gains come as authorities have sought to stabili

Published 03 Mar, 2016 12:00am

Smuggled cigarettes seized

A team of Customs Intelligence Directorate of Multan seized 14.4 million smuggled cigarette sticks with the assistance of the DG Khan Police on Wednesday. It is learnt cigarettes were being transported in five trucks and were bound for Multan. These truck

Published 03 Mar, 2016 12:00am

Resolving issues of teachers on daily wages: NA body expresses its concerns over unnecessary delay

National Assembly's Standing Committee on Cabinet Secretariat has expressed serious concern over unnecessary delay in the issue of teachers/staff on daily wages and directed Capital Administration and Development Division (CA&DD) to resolve it as soon as

Published 03 Mar, 2016 12:00am

UBL Funds gets Excellence Award

UBL Fund Managers Limited (UBL Funds), managing UBL Stock Advantage Fund (equity fund), has received the Management Association of Pakistan's (MAP) Corporate Excellence Award in the Financial Sector for the second year. With this, UBL Funds remains the fi

Published 03 Mar, 2016 12:00am

UBL Funds gets Excellence Award

Published 03 Mar, 2016 12:00am

NAVTTC organises 'skill competition'

National Vocational and Technical Training Commission (NAVTTC) on Wednesday held a 'provincial skill competition' at Karachi Expo Centre. The trainees of three Zones: Karachi, Sukkur and Hyderabad, participated in the trades like beautician, cooking, comp

Published 03 Mar, 2016 12:00am

Libor

NJHPP tariff may be much higher than of power generated thru other means

The tariff of 969 MW Neelum Jhelum Hydropower Project (NJHPP) is expected to be much higher compared to current tariff of HSD, furnace oil and gas-based power plants, well-informed sources in Wapda told Business Recorder.

Published 03 Mar, 2016 12:00am

Exchange

SECP issues draft amendment in regulatory framework for Modarabas

The Securities and Exchange Commission of Pakistan (SECP) notified the draft of the amendments to Modaraba Companies and Modaraba Rules, 1981 to obtain opinion of the stakeholders and general public.

Published 03 Mar, 2016 12:00am

Exchange

PSER project: MoF sends revised PC-1 of Rs 2.02 billion to PC

The Finance Ministry has sent a revised PC-1 of Rs 2.02 billion Public Sector Enterprise Reforms (PSER) project, designed to strengthen privatisation programme, to the Planning Division for approval of some changes.

Published 03 Mar, 2016 12:00am

Hassanabdal-Havelian Expressway: NHA revises PC-1 upward to Rs 34.37 billion

National Highway Authority (NHA) has revised the PC-1 of Hassanabdal-Havelian Expressway (E-35) upward from Rs 30.97 billion to Rs 34.37 billion after converting it to six lanes. NHA Executive Board has revised the PC-1 of E-35 upward and submitted it to

Published 03 Mar, 2016 12:00am

General Tyre to implement SAP-ERP system

General Tyre, the first and the largest tyre manufacturing company of Pakistan, has decided to implement SAP-ERP system in the Company. In a statement issued on Wednesday, the system will help the company in further improving its productivity, increasing

Published 03 Mar, 2016 12:00am

Anti-polio drive from 14 December: Thatta reviews arrangements

Deputy Commissioner Thatta Nadeem-ur-Rehman Memon has directed the concerned authorities to finalise all the arrangements for three-day anti-polio campaign, which would be started from March 14, so that anti-polio drops would be administrated properly to

Published 03 Mar, 2016 12:00am

US Consulate celebrates Baloch Culture Day

US Consul General Brian Heath hosted a musical reception for Baloch journalists and civil society leaders to celebrate Baloch Culture Day on Wednesday. Popular Baloch folk singer Akhtar Channal Zehri performed on the occasion.

Published 03 Mar, 2016 12:00am

Six Afghan nationals among 24 held

The law enforcement agencies (LEAs) personnel arrested 24 suspects including six Afghan nationals and recovered arms during search operations here on Wednesday. The police and other LEAs personnel conducted joint operation against the outlaws in Hayatabad

Published 03 Mar, 2016 12:00am

Finance, power and taxation: KP seeks new incentive packages for Fata

Khyber Pakhtunkhawa Governor Sardar Mehtab Ahmed Khan has approached Finance Minister Ishaq Dar seeking new incentive packages (2016-17) in three major areas of finance; power and taxation to boost industrial activity and to accelerate economic developmen

Published 03 Mar, 2016 12:00am

FMA to hold seminar on financial crisis today

Financial Markets Association (FMA), in collaboration with Landmark Capital, will hold a seminar titled 'can we beat the financial crisis' on Thursday. Dean and Director, Institute of Business Administration, Dr Ishrat Husain, will be the chief guest. The

Published 03 Mar, 2016 12:00am

Expected heavy rains to trigger floods in Balochistan

The Met Office on Wednesday forecast widespread rains with isolated heavy thundershowers for Balochistan in the next two days. It warned that the heavy falls were feared to trigger flash flooding in vulnerable parts of the province. It asked the concerned

Published 03 Mar, 2016 12:00am

Bill toughening punishments against child abusers passed by Senate body

Senate Functional Committee on Human Rights unanimously passed "The Criminal Law (amendment) Bill, 2015" on Wednesday, toughening punishments against child abusers and criminalizing child pornography.

Published 03 Mar, 2016 12:00am

Four judges of LHC: JCP recommends confirmation

The Judicial Commission of Pakistan on Wednesday recommended the confirmation of four Lahore High Court (LHC) judges including Justice Shams Mahmood Mirza, Justice Shahbaz Rizvi, Justice Shahid Jameel Khan and Justice Faisal Zaman Khan.

Published 03 Mar, 2016 12:00am

TV channel: Senate body asks ministry to submit its version

The Senate Committee on Information, Broadcasting and National Heritage directed Interior Ministry to submit its version with respect to Bol channel issues with a warning to submit the Bill to access information otherwise it will be presented in the Senat

Published 03 Mar, 2016 12:00am

Exchange

Price fixing: CCP slaps Rs 100 million fine on PPA

The Competition Commission of Pakistan (CCP) has issued an order imposing a fine of Rs100 million on the Pakistan Poultry Association (PPA) for price fixing of poultry products, in violation of Section 4 of the Competition Act, 2010.

Published 03 Mar, 2016 12:00am

FPCCI chief hails cut in petrol prices

The President FPCCI Abdul Rauf Alam has appreciated the decision of the government to slash the petrol prices by Rs 8.48 and stated that FPCCI has been emphasising on reduction in oil prices which are regulated by the government in Pakistan.

Published 03 Mar, 2016 12:00am

Irish tax revenues rise, spending falls in February

Ireland collected 7.1 percent more tax in February than a year ago, driven by a rise in levies on income, while spending fell compared to the same point in 2015, the country's finance department said on Wednesday.

Published 03 Mar, 2016 12:00am

NGOs sue Monsanto, EU food safety watchdog over pesticide

A group of European NGOs on Wednesday sued agri-giant Monsanto and the EU's food safety watchdog for allegedly distorting scientific data on the carcinogenic effects of controversial weedkiller glyphosate, ahead of a key EU vote to renew its approval for

Published 03 Mar, 2016 12:00am

China eyes 13 percent money supply growth to buffer economy

China plans to target broad-based money supply growth of around 13 percent this year, sources said, a signal that further monetary policy easing is likely during a painful economic restructuring that could see millions of workers losing jobs.

Published 03 Mar, 2016 12:00am

Australia economy speeds to three percent

Australia's economy outpaced all forecasts to grow at the fastest pace in almost two years last quarter, a hopeful sign the worst of the global commodity rout may be over for the resource-rich nation. Wednesday's upbeat report sent the local dollar leapin

Published 03 Mar, 2016 12:00am

Euro bank margins hold up, leaving room for more ECB easing

Eurozone banks are making the same margin on loans as they were before the financial crisis, ECB data showed on Wednesday, running counter to complaints that ultra-low interest rates are damaging their business.

Published 03 Mar, 2016 12:00am

Exchange

US overtakes France as Germany's biggest trading partner

The United States overtook France to become Germany's most important trading partner last year for the first time in 40 years, official data showed on Wednesday. The development, which had already started to become discernible in the middle of last year,

Published 03 Mar, 2016 12:00am

Exchange

Airbus starts work on new China facility

Europe's largest aircraft manufacturer Airbus started construction Wednesday on a new facility to deliver wide-body planes in China, as it faces off against bitter US rival Boeing for market share in the world's second-largest economy.

Published 03 Mar, 2016 12:00am

Companies in US added 214,000 jobs in February: ADP

Companies in the United States added a solid 214,000 jobs in February, maintaining a strong pace of employment growth, payroll firm ADP reported Wednesday.

Published 03 Mar, 2016 12:00am

Shell faces fresh Nigeria pollution claims in London

Oil giant Royal Dutch Shell came under renewed scrutiny on Wednesday over its environmental record in Nigeria after lawyers brought fresh claims of damage caused by spills to a London court. British legal firm Leigh Day has filed two cases at the High Cou

Published 03 Mar, 2016 12:00am

Jewellers across gold-loving India strike over tax

Jewellers across gold-loving India started a three-day strike on Wednesday in a bid to force the government to shelve plans for a controversial excise tax announced in this week's budget. Indian finance minister Arun Jaitley on Monday proposed to reintrod

Published 03 Mar, 2016 12:00am

German new car sales up 12.1 percent

New car registrations in Germany, a key indicator of demand in Europe's top economy, rose strongly in February, data showed on Wednesday. A total of 250,302 new cars were registered last month, an increase of 12.1 percent compared with the figure for the

Published 03 Mar, 2016 12:00am

Rolls-Royce appoints activist investor to board

Rolls-Royce has given its largest shareholder, US activist fund ValueAct Capital, a seat on its board as the British engine maker seeks to revive its fortunes, the group announced Wednesday. Bradley Singer, a partner and chief operating officer at San Fra

Published 03 Mar, 2016 12:00am

Finnish government approves reform deal between business, labour unions

Finland's government on Wednesday approved a labour reform deal between trade unions and business representatives, hoping it will boost export competitiveness and job creation in the now-stagnant economy.

Published 03 Mar, 2016 12:00am

Exchange

Saudi, Dubai bourses pull back; Egypt hit again by monetary fears

The Saudi Arabian and Dubai stock markets pulled back on Wednesday as they digested gains made over the past several days, but trading volumes were active and general sentiment was positive because of the recent bounce of oil prices.

Published 03 Mar, 2016 12:00am

Tokyo stocks soar

Tokyo shares roared back to life Wednesday, soaring more than four percent on upbeat US data and China's fresh stimulus, which bolstered hopes for the world economy. The Japanese market got off to a strong start after Wall Street rallied Tuesday as report

Published 03 Mar, 2016 12:00am

Wednesday's early trade: stocks little changed as energy stocks gain

Wall Street was little changed on Wednesday as gains in energy stocks were offset by declines in utilities and materials. Crude prices recovered from earlier losses and were up more than 1 percent.

Published 03 Mar, 2016 12:00am

Exchange

Wall Street chalks up strongest day in a month

Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging US factory and construction data suggested the world's biggest economy was regaining momentum. The S&P 500 closed 2.39 percent higher

Published 03 Mar, 2016 12:00am

Bond prices slide

US Treasury yields rose to near two-week highs on Tuesday after data showed US manufacturing activity rebounded in February in a sign of economic resilience that weakened investor demand for safe-haven government debt.

Published 03 Mar, 2016 12:00am

Bond prices slide

Published 03 Mar, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold 10 Grams PKR / May 10	205075
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Petrol/Litre / May 11	288.49
Karachi Cotton PKR/37.32 KG / May 11	19935

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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