News Archives for Print - 2017-05-23

Print - 2017-05-23

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (May 22, 2017).

Published 23 May, 2017 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 22, 2017).

Published 23 May, 2017 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (May 22, 2017).

Published 23 May, 2017 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (May 22, 2017).

Published 23 May, 2017 12:00am

Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (May 22, 2017).

Published 23 May, 2017 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (May 22, 2017).

Published 23 May, 2017 12:00am

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 22, 2017).

Published 23 May, 2017 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 23 May, 2017 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 23 May, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 23 May, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 23 May, 2017 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 23 May, 2017 12:00am

Exchange

European gasoline margins stable

Gasoline benchmark refining margins in northwest Europe were stable on Friday despite crude prices ending the week firmer on hopes of an extended Opec-led supply curb. European refineries processed 3.9 percent more crude oil in April than a year earlier,

Published 23 May, 2017 12:00am

Exchange

Canadian canola futures rise

Canadian Canola futures edged higher on the ICE Canada exchange on Friday, boosted by bull-spreading and bargain buying after prices fell to a one-week low earlier in the session, traders said. Traders were buying front-month July canola futures and selli

Published 23 May, 2017 12:00am

US Plains HRW wheat bids firmer

Spot basis bids for hard red winter (HRW) wheat were steady to firm in the southern US Plains on Friday while country movement was limited to farmers filling existing contracts, merchandisers said. The track basis at the US Gulf firmed by 2 cents, to 125

Published 23 May, 2017 12:00am

Brazil's coffee harvest rising despite rains

Brazil's 2017 coffee harvest is advancing despite widespread rains in producing regions lately, Safras & Mercado analysts said in a report on Friday. Safras said the harvest of both arabica and robusta coffee had reached 11 percent of total area under cul

Published 23 May, 2017 12:00am

Asia's naphtha recovers from five-month low

Steady demand helped Asia's naphtha crack recover marginally to $57.50 a tonne from a five-month low hit in the previous session. Hanwha Total was among the first in South Korea to issue a tender to buy naphtha for first-half July naphtha. It paid premium

Published 23 May, 2017 12:00am

US natural gas futures rise as crude oil up

US natural gas futures rose on Friday as crude oil topped $50 a barrel for the first time this month and the East Coast got its first taste of summer-like weather. Traders, however, noted temperatures over the next two weeks were expected to moderate, kee

Published 23 May, 2017 12:00am

European wheat prices lower on strong euro

European wheat prices were slightly lower on Friday as a rise in the euro to a six-month high against the dollar further dented export prospects. December milling wheat on Euronext was down 0.25 euro at 169.75 euros a tonne by 1610 GMT, equalling a seven-

Published 23 May, 2017 12:00am

Cotton

Cotton prices stable on sizeable activity

Prices maintained present levels on the cotton market on Monday in the process of sizeable trading activity, dealers said. The official spot rate was unchanged at Rs 6800, they said. In the ready session, around 5000 bales of cotton changed hands between

Published 23 May, 2017 12:00am

Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,996. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 2.580 billion and the number of lots traded was 8,770. Major business was contributed by curr

Published 23 May, 2017 12:00am

Vegetable Oil

Palm oil up on European vegoils market

Palm oil on the European vegetable oils market was mostly offered firmer on Friday, supported by a weaker dollar and a recovery in CBOT soyaoil following a steep fall in the Brazilian real the day before. Asking prices for palm oil were mostly offered bet

Published 23 May, 2017 12:00am

CBOT wheat futures up on excessive rains

Chicago Board of Trade wheat futures rose more than 2 percent on Friday, lifted by a weaker dollar and worries about excessive rains threatening maturing crops in the US Plains and Midwest, analysts said. CBOT July wheat settled up 9-1/2 cents at $4.35-1/

Published 23 May, 2017 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 356,375 tonnes of cargo comprising 319,516 tonnes of import cargo and 36,859 tonnes of export cargo including 9,031 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 319

Published 23 May, 2017 12:00am

US Midwest corn, soya bids narrowly higher

Corn and soyabean spot basis bids were flat to narrowly higher in the US Midwest on Friday as farmers remained busy planting crops, limiting the flow of existing supplies to processors and elevators, grain merchants said. Soyabean bids gained by 2 cents p

Published 23 May, 2017 12:00am

China's JAC says electric car tie-up with VW approved

China's JAC Motors said on Monday it had received government approval for a $734 million joint venture with Volkswagen to produce 100,000 electric cars per year. Volkswagen, the world's largest automaker, is also the market leader in China. It sold four m

Published 23 May, 2017 12:00am

Russia to lift some Turkey sanctions, tomato ban stays

Russia agreed Monday to lift some trade sanctions against Turkey imposed in the wake of the shooting down of a Russian warplane over the Turkish-Syrian border in 2015 but kept in place a contentious ban on tomatoes. An accord on the lifting of the sanctio

Published 23 May, 2017 12:00am

Exports propel Japan to third straight trade surplus

Japan posted a trade surplus for the third straight month in April helped by a further rise in exports including to the United States, official data showed Monday. American President Donald Trump has vowed to root out "unfair" trade practices around the w

Published 23 May, 2017 12:00am

Germany must invest to keep up in electric cars: Merkel

Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. "We need long-te

Published 23 May, 2017 12:00am

Ford shakes up leadership amid lagging sales

Ford Motor Company shook up its top management Monday, ousting its CEO amid declining sales in major markets, pressure to ramp up technology and a flagging share price. The company named Jim Hackett, who launched and led the high-tech division developing

Published 23 May, 2017 12:00am

Cathay Pacific to sack 600 staff in major shakeup

Hong Kong's flagship airline Cathay Pacific said Monday it would cut 600 staff including a quarter of its management, as part of its biggest shakeup in two decades to repair its bottom line. In March the company posted its first annual net loss in eight y

Published 23 May, 2017 12:00am

Exchange

Hainan Airlines to buy 19 Boeing jets for $4.2 billion

China's Hainan Airlines, which has poured billions of dollars into overseas acquisitions, announced plans Monday to buy 19 Boeing aircraft for $4.2 billion to help meet skyrocketing travel demand by Chinese consumers. The company said in a statement to Sh

Published 23 May, 2017 12:00am

Berlin, Paris vow to speed up eurozone integration

Core EU powers France and Germany vowed Monday to accelerate eurozone integration, with a new bilateral panel to work out ways to kickstart the reform process. "We've been talking about progress in eurozone integration for years, but things are not moving

Published 23 May, 2017 12:00am

Hackers hit Russian bank customers, planned cyber raids

Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters. Their campaig

Published 23 May, 2017 12:00am

Hackers hit Russian bank customers, planned cyber raids

Published 23 May, 2017 12:00am

Exchange

Australian, New Zealand stocks up

Australian stocks closed stronger on Monday, although off session highs, as upticks in commodity prices lifted miners and oil companies, while financial shares offered a helping hand. The S&P/ASX 200 index rose 43.791 points or 0.76 percent to 5,771.2 at

Published 23 May, 2017 12:00am

Exchange

Shanghai stocks weaken

Shanghai stocks reversed earlier gains to end lower on Monday as lingering worries over economic growth and tighter regulations to curb speculative investments hurt risk appetite. The blue-chip CSI300 index rose 0.2 percent, to 3,411.24, while the Shangha

Published 23 May, 2017 12:00am

Tokyo stocks up

Tokyo shares rose Monday, tracking gains on Wall Street as a jump in oil prices lifted energy companies. The advances extended Friday's gains and provide some respite from the hefty losses suffered Thursday on the back of a crisis engulfing Donald Trump's

Published 23 May, 2017 12:00am

Monday's early afternoon trade: Wall Street extends gains as defence, tech stocks rise

Wall Street extended gains in early afternoon trading on Monday, boosted by technology shares and as defence companies rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal. President Donald Trump visited Saudi Arabia over

Published 23 May, 2017 12:00am

Taiwan stocks rise

Taiwan stocks rose along with other regional bourses on Monday, while the local currency jumped to a nearly three week high against the US dollar amid continued foreign fund inflows. As of 0223 GMT, the main TAIEX index rose 0.3 percent to 9,975.81 points

Published 23 May, 2017 12:00am

Indian shares up

Indian shares closed marginally higher on Monday, with consumer stocks leading the gains as sentiment remained upbeat after the government finalised rates for the upcoming Goods and Services Tax. The broader NSE index closed 0.11 percent higher at 9,438.2

Published 23 May, 2017 12:00am

Southeast Asian stocks higher

Southeast Asian stock markets, except Indonesia, closed higher on Monday in line with Asian peers, and as energy stocks climbed on rising global crude oil prices. Asian stocks were up 0.9 percent as of 1008 GMT following modest gains in US shares on Frida

Published 23 May, 2017 12:00am

Egypt index tumbles after surprise rate hike, Qatar outperforms in quiet Gulf

Egypt's stock market tumbled in heavy trade on Monday after the central bank unexpectedly raised key interest rates overnight, while Qatar outperformed in an otherwise quiet Gulf. Cairo's blue-chip index dropped 2.5 percent after the central bank hiked it

Published 23 May, 2017 12:00am

Sri Lankan shares fall

Sri Lankan shares edged down on Monday as investors booked profits in blue chips such as John Keells Holdings Plc, with analysts saying the market was waiting for policy direction from newly-appointed finance minister Mangala Samaraweera. President Maithr

Published 23 May, 2017 12:00am

Spanish share prices lag rest of Europe on political concerns

European share prices steadied on Monday as fresh political concerns in Spain weighed, although merger and acquisition (M&A) activity underpinned broader regional benchmarks. Madrid's main market index fell 0.3 percent, while the broader pan-European STOX

Published 23 May, 2017 12:00am

Hong Kong stocks hit 22-month high, Tencent at record

Hong Kong's benchmark share index ended Monday at its highest closing level in 22 months, helped by buoyant sentiment in Asian markets and steady money inflows from mainland China, which helped push index heavyweight Tencent to a fresh record. The Hang Se

Published 23 May, 2017 12:00am

Weaker sterling gives FTSE edge over Europe, mid-caps take the lead

Britain's exporter-heavy benchmark share index outperformed European benchmarks on Monday as the pound retreated below the psychologically important $1.30 level, while individual broker updates sent some stocks lower. Sterling fell after two weekend polls

Published 23 May, 2017 12:00am

Sri Lankan rupee up

The Sri Lankan rupee ended slightly higher on Monday as a foreign and a local bank sold dollars, offsetting importer dollar demand, dealers said. The rupee currency was under pressure on the demand from importers and was seen easing further after the cent

Published 23 May, 2017 12:00am

Dollar inches up in Asian trade

The dollar inched higher on Monday, but remained close to six-month lows against a basket of currencies as investors assessed the impact of the latest bout of US political turmoil and a resurgent euro. The dollar index, which tracks the greenback against

Published 23 May, 2017 12:00am

Exchange

Early trade in NY: Dollar weak as political risks linger

The dollar slipped to a more than six-month low against a basket of currencies on Monday, extending its losses from last week, as an uncertain US political climate continues to weigh on the greenback. The dollar index, which tracks the greenback against a

Published 23 May, 2017 12:00am

Exchange

Euro rises in Europe after Merkel calls it 'too weak'

The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a se

Published 23 May, 2017 12:00am

Asian forex: stronger risk sentiment helps most currencies

Most Asian currencies edged higher on Monday, supported by a slight return in risk appetite though investors remained wary of the ongoing political turmoil in Washington. Asian investors were assessing renewed tensions in the Korean peninsula after North

Published 23 May, 2017 12:00am

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Monday. 80.53-80.55 (previous 80.54-80.54).

Published 23 May, 2017 12:00am

Exchange

Yuan weakens against dollar

China's yuan weakened against the US dollar on Monday despite a firmer midpoint fixed by the central bank, as heavy corporate dollar demand emerged. The yuan also struck a record low against a currency basket first introduced in 2015. The People's Bank of

Published 23 May, 2017 12:00am

Sterling slips after Conservatives' slide in polls

Britain's pound slipped broadly on Monday after polls showed a narrowing lead for Prime Minister Theresa May over her opposition ahead of elections next month. A Survation telephone poll published on Monday showed May's lead halving to 9 percentage points

Published 23 May, 2017 12:00am

Aussie, kiwi down against euro

The Australian and New Zealand dollars hovered near multi-month lows against the euro and struggled to make friends versus their US counterpart, with investors awaiting developments in Washington. The euro rose to A$1.5034, not far from an eight-month pea

Published 23 May, 2017 12:00am

US Superbike rider Nicky Hayden dies after bike accident

American World Superbike Honda rider Nicky Hayden, hit by a car in a bicycle accident in Italy last week, has died of his injuries, the Italian hospital where he was treated said Monday. Hayden, 36, who won the 2006 MotoGP world title, suffered severe che

Published 23 May, 2017 12:00am

Moyes resigns after Sunderland relegation

David Moyes has resigned as Sunderland manager following their relegation from the Premier League, the club announced on Monday. The 54-year-old Scot succeeded Sam Allardyce last July and oversaw a desperate season that saw Sunderland finish 16 points adr

Published 23 May, 2017 12:00am

Wapda lead in Shuhada-e-Army Badminton

Wapda players are in command on the third day of the ongoing Shuhada-e-Army All Pakistan Ranking Badminton Championship being played here at Peshawar Services Club on Monday. In the Men and Women doubles Wapda players showed their excellent dominance agai

Published 23 May, 2017 12:00am

Portsmouth approve sale to ex-Disney boss Eisner

The Pompey Supporters' Trust (PST) has voted in favour of allowing former Walt Disney chief executive Michael Eisner to buy Portsmouth, the English fourth-tier club announced on Monday. The trust, which took control of Portsmouth in 2013, holds a 48.5 per

Published 23 May, 2017 12:00am

Russia gets 2018 Winter Paralympic warning over doping

Russia have been warned they will be barred from July's World Para Athletics Championships in London and the 2018 Winter Paralympics unless "something dramatically changes" regarding doping. The International Paralympic Committee (IPC) issued a blanket ba

Published 23 May, 2017 12:00am

Ronaldo leads Real Madrid to 33rd La Liga title

Real Madrid won their 33rd La Liga title and first for five years as Cristiano Ronaldo's 40th goal of the season helped seal a 2-0 victory at Malaga on Sunday. Ronaldo got Madrid off to the perfect start after just two minutes before Karim Benzema's close

Published 23 May, 2017 12:00am

Silver Jubilee Edition of Special Sports Festival concludes

The silver jubilee edition of the 25th All Pakistan Special Sports Festival concluded here in Abbottabad with Sargodha got first position in the wheel chair cricket by handing over an upsetting defeat to last time winner Abbottabad in the round matches on

Published 23 May, 2017 12:00am

Thompson takes record five-shot LPGA Kingsmill win

US star Lexi Thompson won her eighth career LPGA title Sunday, firing a six-under par 65 to capture the Kingsmill Championship by five strokes for her first victory of 2017. Thompson had appeared set to win a major title last month at the ANA Inspiration

Published 23 May, 2017 12:00am

Sangakkara picture perfect with another Lord's century

Not content with scoring one century at Lord's in a match where his portrait was unveiled in the Pavilion, Sri Lanka great Kumar Sangakkara added another for Surrey against county champions Middlesex on Sunday. The veteran left-hander's 114 had been the c

Published 23 May, 2017 12:00am

Mafia boss executed in Cosa Nostra show of power

Killers gunned down a Mafia boss in Sicily on Monday as the Cosa Nostra flexed its muscles on the eve of the 25th anniversary of one of its most notorious murders. Giuseppe Dainotti, 67, was shot in the head as he cycled along a street in Palermo, almost

Published 23 May, 2017 12:00am

Temer admits 'naive' in Brazil corruption scandal

Brazilian President Michel Temer said Monday that he was "naive" to hold the late-night meeting which sparked an explosive corruption scandal, but insisted he'd done nothing wrong and wouldn't resign. Temer, who faces multiple impeachment demands, told Fo

Published 23 May, 2017 12:00am

Cape Town region declares drought disaster

South Africa's Western Cape region which includes Cape Town declared a drought disaster on Monday as the province battled its worst water shortages for 113 years. Boreholes will be drilled at hospitals in Cape Town, a popular international tourist destina

Published 23 May, 2017 12:00am

Venezuela holds stock of 5,000 Russian surface-to-air MANPADS missiles

Venezuela possesses a stockpile of 5,000 Russian-made MANPADS surface-to-air weapons, according to military documents reviewed by Reuters, the largest known cache of the weapons in Latin America and a source of concern for US officials amid the country's

Published 23 May, 2017 12:00am

Exchange

Italy inks deal with Libya neighbours to block migrants

Italy has signed a deal with Libya, Chad and Niger to try to stem the flow of migrants across the Mediterranean by beefing up border controls and creating new reception centres in the African nations. A joint statement by the interior ministers of the fou

Published 23 May, 2017 12:00am

North Korea says missile meets all specifications, ready for mass-production

North Korea said on Monday it had successfully tested an intermediate-range ballistic missile which met all technical requirements and could now be mass-produced, indicating advances in its ambitions to be able to hit the United States. The North fired th

Published 23 May, 2017 12:00am

Duterte heads to Russia in blow to US

Philippine President Rodrigo Duterte flew to Russia on Monday to meet his hero, seek arms and steer his nation's foreign policy further away from longtime ally the United States. The five-day trip will cement a dramatic improvement in relations with Russi

Published 23 May, 2017 12:00am

Three dead in Algeria military helicopter crash

Three Algerian naval officers were killed when their helicopter crashed after striking power lines during a night patrol southwest of Algiers, the defence ministry said Monday. The navy rescue helicopter went down on Sunday night in Tipaza province, 70 ki

Published 23 May, 2017 12:00am

Saudi Arabia, UAE pledge $100 million to Ivanka Trump women's fund

Saudi Arabia and the United Arab Emirates have pledged $100 million to a women's business fund supported by Ivanka Trump, daughter of the president who Monday wound up a visit to Riyadh. World Bank president Jim Yong Kim announced the donation from both o

Published 23 May, 2017 12:00am

Saudi Arabia, UAE pledge $100 million to Ivanka Trump women's fund

Published 23 May, 2017 12:00am

Under-pressure British PM amends key campaign pledge

British Prime Minister Theresa May on Monday amended an unpopular campaign proposal for elderly care just days after unveiling it, prompting accusations that she could not be relied upon in upcoming Brexit negotiations. May came under fire following a spe

Published 23 May, 2017 12:00am

Exchange

Zinc and nickel rise on China steel industry crackdown, copper down

Zinc and nickel prices touched their highest in more than two weeks on Monday after China launched a regional crackdown on the steel industry, including production of the two metals. Benchmark zinc on the London Metal Exchange closed 0.7 percent higher at

Published 23 May, 2017 12:00am

US green coffee stocks rise in April for fifth straight month

US green coffee stocks rose for the fifth straight month in April, reaching the highest since at least 2001, Green Coffee Association (GCA) data showed on Monday, amid forecasts for higher demand and expectations for another global deficit. Green coffee s

Published 23 May, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Monday's Rotterdam vegetable oil prices at 1600 GMT:

Published 23 May, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Monday's Rotterdam vegetable oil prices at 1600 GMT:

Published 23 May, 2017 12:00am

Vegetable Oil

Palm oil climbs to one-week high on strong export demand

Malaysian palm oil futures rose about 1 percent to hit their highest in a week on Monday as strong export demand put the contract on track for a second straight session of gains. Tight market supply also supported palm's gains, traders said, with producti

Published 23 May, 2017 12:00am

Raw sugar at four-week high as rain delays Brazil harvest

Raw sugar futures on ICE rose to a four-week high on Monday as recent rain delays to the harvest in top producer Brazil spurred buying of the nearby contracts. ICE July raw sugar settled up 0.13 cent, or 0.79 percent, at 16.51 cents per lb after peaking a

Published 23 May, 2017 12:00am

Gold steadies in Asia

Gold prices held steady on Monday, holding on to the gains from the previous session, as political turmoil surrounding US President Donald Trump helped boost the yellow metal's safe-haven appeal. Trump was hit on Friday by embarrassing leaks that a senior

Published 23 May, 2017 12:00am

Gold surges in Europe

Gold on Monday extended its biggest weekly gain in five weeks as the US dollar fell against the euro, while US political turmoil fuelled demand for bullion as a safe haven and reduced expectations of rapid US interest rate rises. Spot gold was up 0.3 perc

Published 23 May, 2017 12:00am

US MIDDAY:corn, soyabeans up

Chicago Board of Trade corn and soyabean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. Corn futures hit their highest level in three week

Published 23 May, 2017 12:00am

US MIDDAY: gold stays higher

Gold on Monday extended its biggest weekly gain in five weeks as the US dollar fell against the euro, while US political turmoil fueled demand for bullion as a safe-haven and reduced expectations of rapid US interest rate rises. Spot gold was up 0.5 perce

Published 23 May, 2017 12:00am

Cotton

Cotton futures slightly down

ICE cotton futures fell slightly on Monday on favourable growing conditions for the natural fibre and expectations of more export cancellations. Favourable weather in top growing regions and export cancellations from India and China have put pressure on p

Published 23 May, 2017 12:00am

Exchange

Shanghai zinc, nickel up

Shanghai zinc and nickel surged on Monday on the back of a sustained crackdown in China's polluting steel industry, which fuelled worries about supply of the construction material and lifted prices of its raw materials. Both metals were jolted out of a do

Published 23 May, 2017 12:00am

Oil rises to month-high with output cut extension expected

Oil prices rose on Monday as growing confidence that top exporters would agree to extend supply curbs this week and speculation that the cuts could be deepened further pushed prices to their highest levels in more than a month. Brent futures rose 26 cents

Published 23 May, 2017 12:00am

Exchange

Rubber rises

Benchmark Tokyo rubber futures extended gains into a second session on Monday, getting support from firm oil prices amid growing expectations that an OPEC-led supply cut may be extended into next year. Tokyo Commodity Exchange (TOCOM) futures, which set t

Published 23 May, 2017 12:00am

Five drown in Karachi beaches

At least five people drowned while swimming in different beaches of Karachi on Monday. Four bodies have been recovered so far whereas the body of the fifth person is still missing. A body of a youngster named Hammad was found from Hawks Bay while Tajammul

Published 23 May, 2017 12:00am

Proposed amendment to Nepra law: Ministry sends summary to Cabinet Division

Ministry of Water and Power, has reportedly sent a summary to the Cabinet Division on amendments to the Nepra's Act 1997, without waiting for formal consent of provincial governments on the proposed amendments, sources close to Minister for Water and Powe

Published 23 May, 2017 12:00am

Garbage removal contract to Chinese company failed: Mayor

Karachi Mayor Waseem Akhtar on Monday said that the garbage collection contract that was awarded to a Chinese company has failed despite huge spending. "Sindh Solid Waste Management Board has completely failed to resolve the cleanliness issues of the citi

Published 23 May, 2017 12:00am

Pakistan sets up world's largest surveillance network for polio

Minister of State for National Health Services, Regulations and Co-ordination Saira Afzal Tarar has said that the Government of Pakistan is carrying out aggressively the surveillance for polio and has established 53 environmental sampling sites which is t

Published 23 May, 2017 12:00am

Exchange

Collective investment schemes of NBFCs: SECP proposes to revise disclosure requirements

The Securities and Exchange Commission of Pakistan (SECP) has proposed to revise disclosure requirements by collective investment schemes of Non-Banking Finance Companies (NBFCs) for which income statement has been modified for the NBFCs. In this regard,

Published 23 May, 2017 12:00am

Mutual Funds

Ferozsons Laboratories Limited

About the company: One of the first locally established pharmaceutical companies of Pakistan, Ferozsons Laboratories Limited (PSX: FEROZ) was incorporated as a private limited company in 1954, and earned the distinction of being the first national

Published 23 May, 2017 12:00am

Mutual Funds

Ferozsons Laboratories Limited

Published 23 May, 2017 12:00am

FPCCI leader urges government to allow sugarcane export

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) regional chairman on horticulture exports Ahmad Jawad has urged the government to allow sugarcane export "Sugarcane is a cash crop and Pakistan ranks 5th in the world in sugarcane production,"

Published 23 May, 2017 12:00am

Cotton

APTMA submits budget proposals

The All Pakistan Textile Mills association has submitted its proposals for 10 percent compound growth in exports to achieve $20 billion export target by 2020-21, warning the government that the current crippling trade deficit of $30 billion cannot be met

Published 23 May, 2017 12:00am

Cotton

Tusdec to set up design assistance facility in South Punjab

Technology Upgradation and Skill Development Company (Tusdec) has planned to set up "Design Assistance Facility" (DAF) for providing reverse engineering services for agriculture machinery/implements in Southern Punjab.

Published 23 May, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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