News Archives for Print - 2017-06-11

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Print - 2017-06-11

Member to Member

The following transactions member to member subsequently reported on Saturday (June 10, 2017).

Published 11 Jun, 2017 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 10, 2017).

Published 11 Jun, 2017 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 Jun, 2017 12:00am

Soyameal up on European feeds market

Soyameal on the European meals and feeds market rose on Thursday, tracking gains in CBOT soyameal futures on fund-driven short covering on the back of hot weather in the US Midwest. "The hot and dry weather pushed wheat and corn futures higher and the soy

Published 11 Jun, 2017 12:00am

Freight rates for VLCC face uncertain week on Qatar tensions

Freight rates for very large crude carriers (VLCCs) face an uncertain week, possibly coming under pressure from a dearth of new Middle East cargoes but they could also find support from geopolitical tensions over Qatar, brokers said on Friday. There is al

Published 11 Jun, 2017 12:00am

CBOT soyabean futures rise

Chicago Board of Trade (CBOT) July soyabean futures rose on Thursday for a fifth straight session, settling up 7-1/4 cents at $9.38 per bushel on spillover strength from wheat and corn, and US weather concerns, analysts said. Hot temperatures forecast in

Published 11 Jun, 2017 12:00am

French April non-EU wheat exports higher

French wheat exports outside the European Union reached their highest monthly level of the 2016/17 season in April, buoyed by large shipments to North Africa and Egypt, but total exports remained behind last season, customs data showed on Thursday. French

Published 11 Jun, 2017 12:00am

Indonesia's cattle imports drop as Australia hikes prices

Indonesia imported 220,325 live cattle and 41,578 tonnes of beef this year up to June 5, an agriculture quarantine agency official said on Thursday, as higher cattle prices from top supplier Australia curbed buying. In comparison, for the full year 2016,

Published 11 Jun, 2017 12:00am

Cotton

Brazil raises estimate for grain output

Brazil's agricultural statistics and supply agency Conab on Thursday raised for the sixth time this year its estimate for the country's 2016/17 soybean crop, now seen at 113.92 million tonnes, up from 113 million tonnes in May's forecast. The agency said

Published 11 Jun, 2017 12:00am

CBOT corn futures modestly higher

Chicago Board of Trade (CBOT) corn futures closed modestly higher on Thursday, with the spot contract nearing its highest level in a year on worries about potentially stressful dry and hot weather in the US Corn Belt, traders said. Futures pared gains and

Published 11 Jun, 2017 12:00am

Asian naphtha eases as spot supply weighs

Asian naphtha margins eased on Thursday as spot supply from India and Qatar weighed, while gasoline margin gains were limited by inventory gains in the United States and Asia, trade sources said. Taiwan's Formosa Petrochemical Corp is seeking naphtha for

Published 11 Jun, 2017 12:00am

Exchange

Chinese iron ore futures fall for third day as steel struggles

Iron ore futures in China dropped 2 percent on Thursday, falling for a third session in a row, reflecting weak appetite for the raw material as steel prices struggled to sustain their upward momentum. Losses in Chinese futures could drag spot iron ore pri

Published 11 Jun, 2017 12:00am

EU wheat rises following jump on US markets

European wheat prices rose for a third straight session on Thursday following a jump on US markets and supported by technical factors, traders said, but uncertainty in Egypt due to a dispute over a common fungus kept a lid on prices. Front-month September

Published 11 Jun, 2017 12:00am

European gasoline margins rise sharply

Gasoline refining margins in northwest Europe rose sharply on Thursday following an 8 percent fall in ARA stocks in the past week. Gasoline stocks were down to 892,000 tonnes in the week to Thursday as cargoes of the motor fuel were shipped to the Asia Pa

Published 11 Jun, 2017 12:00am

Indonesian coffee discounts narrow; Vietnam beans quiet

Indonesian coffee discounts tightened in robust trade this week, while the Vietnam beans market was quiet due to thin supply and weak demand, traders said on Thursday. Indonesia's robusta grade 4, 80 defects were traded at a $30 discount per tonne to the

Published 11 Jun, 2017 12:00am

Vegetable Oil

Palm oil mixed on European vegoils market

Palm oil on the European vegetable oils market was mixed on Thursday supported by stronger CBOT soyaoil, while weaker palm oil futures, down on a bearish fundamental outlook, weighed. Asking prices for palm oil were between $7.50 a tonne down and $12.50 u

Published 11 Jun, 2017 12:00am

US FOB Gulf corn offers mostly flat

Export premiums for corn shipped from the US Gulf Coast were mostly flat on Thursday, even as CIF barge basis values jumped, as demand from overseas buyers remained dull and supplies were ample, traders said. June and July CIF barge bids jumped by 4 to 5

Published 11 Jun, 2017 12:00am

US natural gas futures little changed

US natural gas futures were little changed on Thursday as a bigger-than-expected storage build offset forecasts for warmer weather and higher cooling demand over the next two weeks. The US Energy Information Administration (EIA) said utilities added 106 b

Published 11 Jun, 2017 12:00am

Brazil approves use of world's first commercial GM sugarcane

Brazil has approved commercial use of a genetically modified sugarcane, setting a milestone for the country's highly competitive sugar industry as this is the first time such permission has been granted anywhere in the world. Authorization was obtained by

Published 11 Jun, 2017 12:00am

Thai rice prices hit near four year high on strong demand

Prices of Thai rice hit their highest in nearly four years while those of the Vietnamese grain rose to their strongest in more than two years on strong demand from key importing countries, traders said on Thursday. Thailand's benchmark 5-percent broken ri

Published 11 Jun, 2017 12:00am

Cotton

Listless business on cotton market

Listless trading activity was seen on the cotton market on Saturday as leading participants were on the sideline due to less buying interest, dealers said. The official spot rate was unchanged at Rs 6800, they said. In the ready session, not a single deal

Published 11 Jun, 2017 12:00am

Port bans choke Qatar's commodity trade as gas supply worries grow

A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible jolt to the global gas market, where the tiny Gulf state is a major player. Just a day after Saudi A

Published 11 Jun, 2017 12:00am

Corruption, mismanagement hurt Ghana cocoa industry: World Bank

Corruption and regulatory mismanagement of Ghana's cocoa industry are denting production and harming farmers, underlining the need for reform, the World Bank said in a draft report seen by Reuters. Ghana produced a record 1 million tonnes of cocoa in the

Published 11 Jun, 2017 12:00am

Cotton

ICE delists world cotton futures contracts

Intercontinental Exchange (ICE) said on Friday it would delist all currently listed world cotton futures contract months as of the start of trading on Monday, and would defer listing any new contract months. ICE did not provide reasons for the delisting.

Published 11 Jun, 2017 12:00am

Cotton

Cotton falls to over two week low after bearish USDA report

ICE cotton futures fell to more than two-week lows on Friday after the government lowered its US export outlook for the new crop, as a stronger dollar further weighed on the prices of the natural fibre. The December cotton contract on ICE Futures settled

Published 11 Jun, 2017 12:00am

China copper concentrate imports sink

China's copper concentrate and ore imports in May fell to their lowest in 18 months as mining outages crimped supplies to the world's top metals consumer and producer, but unwrought metal arrivals jumped from a month earlier, data showed on Thursday. Impo

Published 11 Jun, 2017 12:00am

Exchange

New firm NFEx Markets aims to win base metals trading business

A new company, NFEx Markets, plans to launch a base metals trading platform in the first quarter of next year that will mimic the London Metal Exchange's (LME) forward contracts, in an attempt to attract physical trade, the company said on Monday. NFEx, i

Published 11 Jun, 2017 12:00am

Exchange

Argentine corn exports set to compete hard with Brazil, US

Harvesting of Argentina's biggest corn crop ever has been slowed by rains across the Pampas grains belt, pushing export schedules past August and increasing the competition against massive expected output from Brazil and the United States. What is shaping

Published 11 Jun, 2017 12:00am

Exchange

Nigeria plans to raise $1.2 billion for refineries

Nigeria plans to raise $1.2 billion to upgrade its oil refineries, aiming to end a reliance on oil product imports by 2019, the oil minister said on Thursday. Although Nigeria is an exporter of oil, it is mainly dependent on imports for refined products.

Published 11 Jun, 2017 12:00am

Extreme weather threatens Cameroon's hopes of becoming a cocoa giant

Cameroon's plan to more than double cocoa production by 2020, moving the country up the global ranks of producers and improving incomes for its farmers, is under increasing threat from extreme weather, according to the state support company for growers. H

Published 11 Jun, 2017 12:00am

Luxury hotels arrive in Cuba despite fears Trump may hurt tourism boom

Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some residents and concern that US President Donald Trump might reverse a detente that fueled the tourist boom. Swiss-based Kempinski Hotels

Published 11 Jun, 2017 12:00am

Western Digital to raise Toshiba chip offer in last ditch bid

Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to $18 billion or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital. The US chipmaker is part of a

Published 11 Jun, 2017 12:00am

IMF may grant Zambia $1.3 billion funding package

The International Monetary Fund (IMF) may grant Zambia up to $1.3 billion in a three-year credit facility to help plug a budget deficit of around 7 percent, the lender's mission chief said on Saturday. A decision will be made by the IMF board in August, T

Published 11 Jun, 2017 12:00am

Mexico to Merkel: we want 'significant increase' in trade

President Enrique Pena Nieto told German Chancellor Angela Merkel Friday he wants a significant increase in trade with the European Union, vowing to complete a new trade deal by year's end. Pena Nieto's Mexican government has been actively seeking new tra

Published 11 Jun, 2017 12:00am

Moody's downgrades South Africa on growth

Credit ratings agency Moody's on Friday said it had downgraded South Africa a notch over gloomy growth prospects and the political instability unleashed by corruption scandals engulfing President Jacob Zuma. Africa's most advanced economy was knocked down

Published 11 Jun, 2017 12:00am

Moody's downgrades South Africa on growth

Published 11 Jun, 2017 12:00am

Egypt will not bring back fungus ban, vows grain authority

Egypt will not reinstate a controversial ban on ergot, state-grain buyer GASC told Reuters on Saturday, despite a court ruling which could allow a return to the common grain fungus being barred entirely from wheat cargoes. Traders said the previous zero t

Published 11 Jun, 2017 12:00am

Tanzania signs $154 million contract with Chinese firm to expand main port

Tanzania's government signed a $154 million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as par

Published 11 Jun, 2017 12:00am

Warren Buffett charity lunch sells for $2.68 million

An anonymous fan of Warren Buffett agreed to pay $2,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc. The winning bid came in the closing seconds of the five-day eBay auction, which drew 41 bids be

Published 11 Jun, 2017 12:00am

UAE blacklist likely to squeeze liquidity of Qatari banks

A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their funding from the region. Qatari banks have around 60 billion riyals ($16 billion) in fund

Published 11 Jun, 2017 12:00am

Deaf cricket body elections on July 24

The elections of the Pakistan Deaf Cricket Association (PDCA) will be held under the supervision of Election Commission of Pakistan Cricket Board (PCB), here at Gaddafi Stadium on July 24. As per election schedule, the last date for filing the nomination

Published 11 Jun, 2017 12:00am

Ramazan Floodlight T20: Pakhtun Zalmi post six wickets victory

Pakhtun Zalmi secured six wickets victory against Peshawar Badshah in the ongoing Floodlight Ramazan Peshawar Premier League Twenty20 Cricket Tournament being played at Arbab Niaz Cricket Stadium on Saturday. Peshawar Badshah skipper Imran won the toss an

Published 11 Jun, 2017 12:00am

IOC backs awarding 2024, 2028 Games together

IOC bosses recommended Friday that hosting rights for the 2024 and 2028 Olympics be awarded together, virtually assuring that rival bidders Paris and Los Angeles will both get the Games. The move will not be final until a vote of the International Olympic

Published 11 Jun, 2017 12:00am

Woods told police he took Xanax

Tiger Woods told police that he was taking Xanax the night he was arrested on suspicion of driving under the influence, an unredacted version of the police report obtained by the Golf Channel showed. The version of the Jupiter, Florida, Police Department

Published 11 Jun, 2017 12:00am

Afghanistan stun West Indies in ODI series opener

Rashid Khan destroyed the West Indies batting line-up with outstanding figures of seven for 18 to bowl Afghanistan to a stunning 63-run victory in the opening fixture of a three-match One-Day International series at the Darren Sammy Stadium in St Lucia on

Published 11 Jun, 2017 12:00am

Kohli urges India to keep cool

Virat Kohli has warned India must keep their emotions under control when they face South Africa in a do or die Champions Trophy showdown on Sunday. Kohli's side have to win their final Group B fixture at The Oval to avoid an embarrassing exit from a tourn

Published 11 Jun, 2017 12:00am

World Cup Football qualifying: Ronaldo fires Portugal, France complicates path to Russia

France complicated their task of ensuring automatic qualification to next year's World Cup in Russia after falling to a dramatic 2-1 defeat in Sweden on Saturday.

Published 11 Jun, 2017 12:00am

Wood and Rashid restrict Australia

Mark Wood and Adil Rashid both took four wickets as Australia were held to 277 for nine after losing the toss in their must-win Champions Trophy match against England at Edgbaston on Saturday. Durham fast bowler Wood returned one-day international best fi

Published 11 Jun, 2017 12:00am

Kerb

Ostapenko makes history with stunning triumph

Latvia's Jelena Ostapenko stunned third seed Simona Halep 4-6, 6-4, 6-3 on Saturday to win her maiden Grand Slam title and become the lowest-ranked champion in French Open history. World number 47 Ostapenko is the first unseeded player to lift the Roland

Published 11 Jun, 2017 12:00am

European fund managers snap up European stocks, ditch US

European asset managers cut holdings of US stocks in May to the lowest in 10 months, citing pricey valuations and Washington's political wobbles, instead boosting holdings of European and emerging market equities. Participants in Reuters' survey of 14 Eur

Published 11 Jun, 2017 12:00am

European fund managers snap up European stocks, ditch US

Published 11 Jun, 2017 12:00am

Philippines eyes Panda, Samurai bond markets

The Republic of the Philippines is looking at the Panda and Samurai bond markets to diversify its funding sources, Treasurer Rosalia De Leon has told IFR in an interview. The country is planning to raise $200 million-equivalent from a maiden issue of Pand

Published 11 Jun, 2017 12:00am

Philippines eyes Panda, Samurai bond markets

Published 11 Jun, 2017 12:00am

Exchange

Outsized gains for utilities stocks may be short lived

Sharp gains in US utilities stocks have driven the safe-haven group to expensive levels, leaving doubts about how far the rally can go as equity investors look elsewhere for returns. Utility stocks, with hefty dividends, are among the sectors considered "

Published 11 Jun, 2017 12:00am

Exchange

China investors flood into Hong Kong stocks as policy tightens at home

Chinese money has helped Hong Kong stocks power to near two-year highs just when mainland markets appear to have stalled on China's slowing economic growth and policy tightening. The divergence in flows via the "Connect" schemes between the two markets be

Published 11 Jun, 2017 12:00am

Venezuela offers bonds to US funds at 80 percent discount

A Venezuelan state-owned bank is offering $5 billion worth of sovereign bonds maturing in 2036 at a discount of up to 80 percent to several Wall Street funds, according to a lawmaker and a finance industry source. The move is part of the embattled sociali

Published 11 Jun, 2017 12:00am

Venezuela offers bonds to US funds at 80 percent discount

Published 11 Jun, 2017 12:00am

Exchange

TSX rises, boosted by energy and financial shares

Canada's benchmark stock index rose on Friday, led by financial and energy shares as oil prices gained and a stronger-than-expected domestic jobs report added to the case for interest rate hikes from the Bank of Canada. Canada's job growth accelerated in

Published 11 Jun, 2017 12:00am

Exchange

Japan's 'toushin' ramp up stock sales after government criticism

Japanese investment trusts, or 'toushins', sold the second largest amount of domestic stocks in 13 years in May, in the strongest sign yet that criticism of the industry by the country's financial watchdog is taking a toll on their activities. Toushin fun

Published 11 Jun, 2017 12:00am

Treasuries outlook: US yields rise before debt auction

US Treasury long-dated yields rose to one-week highs on Friday as investors consolidated positions ahead of next week's government debt auctions and a widely expected interest rate increase by the Federal Reserve. US short-term yields also advanced, with

Published 11 Jun, 2017 12:00am

Treasuries outlook: US yields rise before debt auction

Published 11 Jun, 2017 12:00am

Exchange

Tech stocks tumble, taking down Nasdaq as big names sink

Technology stocks sold off sharply on Friday, taking a toll on the Nasdaq and dragging on other major Wall Street indexes, which touched record highs earlier in the day. The technology sector, which soared this year and led the market's rally, finished do

Published 11 Jun, 2017 12:00am

African currencies week ahead: Zambia's kwacha seen firmer on increased dollar inflows

Zambia's kwacha is expected to firm in the coming week mainly due to increased dollar inflows from corporate sellers and exporters looking to fulfil tax payments due next Friday.

Published 11 Jun, 2017 12:00am

Exchange

Mexican peso hits 10 month high as Trump fears ease

Mexico's peso currency touched a near 10-month high on Friday and data on derivatives market bets showed investors have taken the most optimistic view on the currency in four years. The Mexican currency clawed its way back to levels last seen before Donal

Published 11 Jun, 2017 12:00am

Brazil's currency set to survive political storm without major losses

Brazil's currency will weaken only slightly over the next year despite a deepening political crisis, a Reuters poll showed, a sign of sustained market confidence in the country as it finally emerges from its worst-ever recession. The monthly survey of cur

Published 11 Jun, 2017 12:00am

Exchange

Canadian dollar rises

The Canadian dollar on Friday hit its strongest against its US counterpart since late May after a surprisingly strong domestic jobs report that boosted the argument for the Bank of Canada to raise interest rates. Canada's job growth accelerated in May at

Published 11 Jun, 2017 12:00am

Dollar gains as sterling falls on election shock

The dollar rose against a basket of currencies on Friday, helped by a sharp drop in the British pound after Prime Minister Theresa May's Conservative Party lost its parliamentary majority in national elections. The dollar index, which tracks the greenback

Published 11 Jun, 2017 12:00am

Exchange

Nigerian forex reserves fall to $30.49 billion

Nigeria's foreign exchange reserves fell to $30.49 billion as of May 25, the lowest level since April 18 and down 0.87 percent from a month ago, central bank data showed on Wednesday. The forex reserves were up 15.27 percent year-on-year, the data showed.

Published 11 Jun, 2017 12:00am

Dollar net longs rise in latest week

Net long positions on the US dollar increased in the latest week after two straight weeks of declines, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position rose

Published 11 Jun, 2017 12:00am

Exchange

Cross currency basis may not be sign of stress: RBA's Debelle

Reserve Bank of Australia (RBA) deputy governor Guy Debelle said on Tuesday that an increase in the cross currency basis may not be a sign of stress and can be consistent with functioning markets. The cross-currency basis indicates the amount by which the

Published 11 Jun, 2017 12:00am

South Africa's currency rating and low business confidence chief among 2017 risks

A downgrade of the South African rand's credit rating and sagging business confidence are the biggest risks to growth this year, a Reuters poll found, and would make it difficult for the economy to escape a slow-expansion trap. Both Standard & Poor's and

Published 11 Jun, 2017 12:00am

South Africa's currency rating and low business confidence chief among 2017 risks

Published 11 Jun, 2017 12:00am

Exchange

China tightens grip on yuan to head off economic risks

In rapid fire moves that have stunned investors, Chinese authorities have begun tightening control over the yuan, lifting it sharply in a concerted effort to restore market confidence and forestall risks of capital outflows and slower growth, policy insid

Published 11 Jun, 2017 12:00am

Punjab cabinet approves privatisation of 'Quaid-e-Azam Solar Power'

Punjab Cabinet, which met here on Saturday with Chief Minister Shahbaz Sharif in the chair, approved privatization of Quaid-e-Azam Solar Power (Pvt) Ltd. The Chief Minister directed for formation of standing committee of the cabinet to monitor privatizati

Published 11 Jun, 2017 12:00am

Exchange

Service Tax Memorandum 2017: Sindh Finance Bill 2017 & Notifications, Punjab Finance Bill 2017 and Khyber Pakhtunkhwa Finance Bill 2017

SINDH SALES TAX ON SERVICES ACT, 2011

Published 11 Jun, 2017 12:00am

Exchange

Service Tax Memorandum 2017: Sindh Finance Bill 2017 & Notifications, Punjab Finance Bill 2017 and Khyber Pakhtunkhwa Finance Bill 2017

SINDH SALES TAX ON SERVICES ACT, 2011

Published 11 Jun, 2017 12:00am

Exchange

Service Tax Memorandum 2017: Sindh Finance Bill 2017 & Notifications, Punjab Finance Bill 2017 and Khyber Pakhtunkhwa Finance Bill 2017

SINDH SALES TAX ON SERVICES ACT, 2011

Published 11 Jun, 2017 12:00am

Mugabe fires top prosecutor for 'misconduct'

President Robert Mugabe has fired Zimbabwe's top prosecutor, who now faces a misconduct trial, state media reported Saturday, the latest twist in a dispute dating back more than a year. "Suspended prosecutor general Mr Johannes Tomana was yesterday (Frida

Published 11 Jun, 2017 12:00am

US backed force pierces into IS Syria bastion from west

US-backed Syrian fighters broke into the western part of the Islamic State group's stronghold Raqa on Saturday, they and a monitor said, opening up a second front inside the northern Syrian city. The Syrian Democratic Forces alliance of Kurdish and Arab f

Published 11 Jun, 2017 12:00am

Finnish coalition at risk after nationalists pick hardline leader

Finland's eurosceptic Finns party picked an anti-immigration hardliner as its leader on Saturday in a move that the Prime Minister said might lead to a break-up of the coalition government it is part of. At a Finns party congress, 56 percent of its member

Published 11 Jun, 2017 12:00am

US forces back Philippine troops in militants held city

United States special forces are providing support to the Philippine military battling to dislodge Islamist militants in a southern city, the US embassy said Saturday, as 13 Filipino marines were killed in fresh fighting. Philippine troops are struggling

Published 11 Jun, 2017 12:00am

Trump berates Qatar as Gulf stand off escalates

US President Donald Trump has accused Qatar's leadership of bankrolling extremists and demanded a halt to that funding, drawing praise Saturday from Saudi Arabia and its allies. Their approval came as Washington joined intensifying international efforts t

Published 11 Jun, 2017 12:00am

Qatar, accused of supporting terrorism, hires ex-US attorney general

The government of Qatar has hired John Ashcroft, the US attorney general during the September 11 attacks, as it seeks to rebut accusations from US President Donald Trump and its Arab neighbors that it supports terrorism. Qatar will pay the Ashcroft Law Fi

Published 11 Jun, 2017 12:00am

Protesters and police clash in northern Morocco

Protesters clashed with security forces in Morocco's Al-Hoceima early on Saturday, an AFP correspondent reported, after more than a week of protests in the northern province. The violence broke out in the town of Imzouren after police tried to stop demons

Published 11 Jun, 2017 12:00am

UAE boosts Libyan faction's air power: UN report

The United Arab Emirates has supplied attack helicopters and other military aircraft to the Libyan forces of strongman Khalifa Haftar, in violation of a UN arms embargo, according to a UN report. Haftar's self-styled Libyan National Army (LNA), which refu

Published 11 Jun, 2017 12:00am

Croatia parliament approves new ruling coalition

Croatia's conservative Prime Minister Andrej Plenkovic saved his position Friday as lawmakers backed a new and unexpected coalition government - avoiding the prospect of a snap election. The European Union member's previous ruling alliance had collapsed i

Published 11 Jun, 2017 12:00am

Temer wins victory in bid to keep power - for now

Brazilian President Michel Temer defied predictions of his imminent political demise when a court acquitted him on charges of having won election thanks to dirty money. And after Friday's vote in the Supreme Electoral Tribunal (TSE) he promptly went on th

Published 11 Jun, 2017 12:00am

EU seeks online security checks for visa exempt visitors

EU countries on Friday backed a proposal to adopt new security checks for Europe's borderless Schengen area, in which visa-exempt travellers will be screened online prior to arrival. Dubbed ETIAS, the proposal is based on a US system that would allow EU c

Published 11 Jun, 2017 12:00am

Germany to test face recognition software in terror fight

Germany will start testing facial recognition software at a Berlin train station this summer which could help police identify and locate terror suspects more quickly, a minister said Saturday. Interior Minister Thomas de Maiziere said the software would b

Published 11 Jun, 2017 12:00am

Prime Minister visits 'Expo 2017' in Astana

Prime Minister Nawaz Sharif on Saturday arrived in Islamabad after concluding his two-day official visit to Kazakhstan.Before his departure for Islamabad, the Prime Minister visited Pakistan's stall at international specialized exhibition 'Expo 2017' in A

Published 11 Jun, 2017 12:00am

4,000 liters adulterated milk seized, four held

The district administration has arrested four people and seized about 4,000 liters of adulterated milk here on Saturday. The district administration of federal capital Islamabad over public complaints conducted operation near Sanjani Toll Plaza in Islamab

Published 11 Jun, 2017 12:00am

Indian growers demand export of potato to Pakistan

With their product rotting, potato growers in Indian East Punjab are suffering huge losses, and Jalandhar Potato Growers Association (JPGA) has demanded urgent export of potatoes to Pakistan and availability of express rail rakes for transporting their pr

Published 11 Jun, 2017 12:00am

Air conditioners' customs value revised

The Directorate General Customs Valuation (DGCV) has revised the customs values of air conditioners under section 25(9) of the Customs Act, 1969. According to the revised ruling, the customs values of portable/window type air conditioners were earlier det

Published 11 Jun, 2017 12:00am

Two terrorists arrested in Panjgur

Security forces arrested two terrorists of a banned organisation here on Saturday. According to FC sources, the terrorists were involved in an attack on FC convey in addition to other terrorist activities. Arms and ammunition was also recovered from their

Published 11 Jun, 2017 12:00am

Three men, 96 children: Pakistan's population boom

Three men who have fathered nearly 100 children among them are doing their bit for Pakistan's skyrocketing population, which is being counted for the first time in 19 years. But in a country where experts warn the surging populace is gouging into hard-won

Published 11 Jun, 2017 12:00am

Opposition asks National Assembly speaker to issue Dasti's PO

Leader of the Opposition in National Assembly, Syed Khursheed Ahmed Shah Saturday wrote a letter to Speaker National Assembly Sardar Ayaz Sadiq wherein he urged him to issue production order for MNA Jamshed Dasti to attend National Assembly's ongoing budg

Published 11 Jun, 2017 12:00am

Qureshi denied access to jailed MNA

Vice Chairman of Pakistan Tehrik-e-Insaaf, Shah Mahmood Qureshi, was stopped on Saturday from meeting Jamshed Dasti, MNA in Multan Jail. Talking to media persons, Qureshi said that jail authorities informed him that he cannot meet Dasti without a nod from

Published 11 Jun, 2017 12:00am

Old Ravians donate Rs 15.7 millions to GCU endowment fund

The Old Ravians and philanthropists have donated about Rs 15.7 million to the Government College University Lahore Endowment Fund Trust (GCU-EFT) at the Annual Scholarship Distribution and Fundraising Dinner 2017 for the scholarships of the university's f

Published 11 Jun, 2017 12:00am

PTI leader urges Prime Minister to remove NAB chief

A leader of Pakistan Tehreek-e-Insaf (PTI) on Saturday wrote a letter to Prime Minister Nawaz Sharif, demanding removal of chairman National Accountability Bureau in light of apex court's observations that NAB has failed to investigate Panama Papers case.

Published 11 Jun, 2017 12:00am

Receivables soar to Rs 296 billions: MoF hints at providing only Rs 5 billion to PSO

The Ministry of Finance has indicated it is willing to extend only Rs 5 billion to Pakistan State Oil (PSO) while its receivables from power sector, Pakistan International Airlines (PIA), Sui Northern Gas Pipelines Limited (SNGPL) and others have soared t

Published 11 Jun, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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