News Archives for Print - 2018-10-17

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Print - 2018-10-17

New York cotton

The following were the fluctuations observed during the day:

Published 17 Oct, 2018 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Oct, 2018 12:00am

Madagascar reach Africa Cup of Nations for first time

Madagascar won a place at the Africa Cup of Nations tournament for the first time when they triumphed 1-0 at home against Equatorial Guinea in Group A Tuesday. Thailand-based midfielder Njiva Rakotoharimalala scored the only goal four minutes before half-

Published 17 Oct, 2018 12:00am

Spain win gives England rare feeling of beating the best

Even as the noise swelled and the pressure mounted, Gareth Southgate stood firm as the youngest England side this century recorded a statement win in Spain. After an electric first half that had witnessed three slick breakaway goals, England were creaking

Published 17 Oct, 2018 12:00am

France defied poor stats at World Cup, says FIFA report

Passing, running and ball possession were not key in producing victories at the 2018 World Cup, but accurate shooting and clear tactics were, according to a FIFA report released on Tuesday. It showed that champions France were only 19th among the 32 teams

Published 17 Oct, 2018 12:00am

Japan deal Uruguay double blow in Asia

Japan stunned Uruguay 4-3 at home in a free-flowing international friendly on Tuesday to complete a miserable trip to the Far East for the South Americans. Takumi Minamino netted twice against the World Cup quarter-finalists as Japan made it three wins ou

Published 17 Oct, 2018 12:00am

Kerb

Kerber splits with coach

Reigning Wimbledon champion Angelique Kerber has split from coach Wim Fissette, the player's entourage announced Tuesday. "Despite the success of the cooperation since the start of the season, this step is needed because of differences of opinion as the f

Published 17 Oct, 2018 12:00am

West Indies coach Law banned for two ODIs

West Indies coach Stuart Law will miss his team's two upcoming one-day internationals against India after a breach of the ICC code of conduct saw him banned by world cricket's ruling body on Tuesday. The Australian was found guilty of breaching the code d

Published 17 Oct, 2018 12:00am

India Test hero Yadav gets ODI call up

India on Tuesday called up Umesh Yadav, the 10 wicket hero of the Test triumph over West Indies, to replace injured bowler Shardul Thakur for the one-day squad to take on the Caribbean tourists. Paceman Thakur suffered a groin injury bowling against West

Published 17 Oct, 2018 12:00am

Maldives cricket team arrives on nine-day tour

A 16-member Maldives cricket team, along with four-member team management arrived here Tuesday night on a nine-day tour. The Maldives team will feature in a five-match T20 series, starting from October 18. The series will help the visiting team to prepare

Published 17 Oct, 2018 12:00am

Bolt offered contract with Malta football club

Sprint king Usain Bolt could be making his way to Europe after being offered a two-year professional football contract in Malta, reports said Tuesday, with the club saying it wanted to "write history" with the signing. Bolt, 32, has been on trial with A-L

Published 17 Oct, 2018 12:00am

Duminy ruled out of Australian tour

South African batsman JP Duminy has been ruled out of South Africa's limited overs tour of Australia, starting later this month, because of a shoulder injury. He is the second experienced batsman to miss the tour because of injury. Hashim Amla is out beca

Published 17 Oct, 2018 12:00am

Kusal Perera out of England ODI, Dawson goes home

Sri Lanka's middle order batsman Kusal Perera will skip the three remaining one-day matches against England, while visiting all-rounder Liam Dawson has been ruled out of the entire tournament, officials said. Perera, who scored 30 in Saturday's second ODI

Published 17 Oct, 2018 12:00am

World number one Halep pulls out of Kremlin Cup

Romania's world number one Simona Halep on Tuesday withdrew from the Kremlin Cup, a joint WTA and ATP event, due to concerns over an ongoing back injury. "I tried everything I could to be ready here as I really wanted to play," Halep said. "But unfortunat

Published 17 Oct, 2018 12:00am

Sarfraz happy to respond to criticism with innings of 94

Pakistan skipper Sarfraz Ahmed said he was happy that he responded to pressure from all sides with a brilliant 96 on Tuesday on the first day of the second Test against Australia. After his below-par 15-run innings and weak wicketkeeping in the first Test

Published 17 Oct, 2018 12:00am

Fakhar and Sarfraz lead Pakistan fightback after Lyon strikes

Debutant opener Fakhar Zaman and skipper Sarfraz Ahmed missed hundreds by six runs each but still revived Pakistan on the first day of the second and final Test in Abu Dhabi on Tuesday. Fakhar and Sarfraz scored 94 each and helped Pakistan recover from 57

Published 17 Oct, 2018 12:00am

Saudi index up, institutions appear to mount support operation

Saudi Arabian stocks plunged early on Tuesday on worries that the furore over the disappearance of dissident Jamal Khashoggi could damage foreign investment, but the market ended up after state-linked funds appeared to mount an operation to support it.

Published 17 Oct, 2018 12:00am

Tuesday's early afternoon trade: Strong blue-chip results power Wall Street rally

The three main Wall Street indexes rose more than 1.5 percent on Tuesday as upbeat earnings from blue-chips such as Johnson & Johnson and Goldman Sachs eased jitters over the impact of rising interest rates and tariffs on corporate profits.

Published 17 Oct, 2018 12:00am

Tech stocks drag down Wall Street as earnings worries weigh

US stocks ended lower in a choppy trading session on Monday, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings. The benchmark S&P 500 index teetered between positive and negative territory for much of the

Published 17 Oct, 2018 12:00am

Treasury yields rise

US Treasury yields rose on Monday despite stock market volatility stemming from rising borrowing costs and geopolitical risks, while the outlook for US economic growth was tempered by weaker-than-expected data on domestic retail sales.

Published 17 Oct, 2018 12:00am

Treasury yields rise

Published 17 Oct, 2018 12:00am

India's NSE, BSE indexes climb

Indian shares rose for the third consecutive session on Tuesday on positive global cues, amid the corporate earnings season bringing some cheer. The benchmark BSE index closed up 0.85 percent at 35,162.48, while the broader NSE index ended 0.69 percent hi

Published 17 Oct, 2018 12:00am

China stocks lower

China stocks reversed early gains to end lower on Tuesday, after data showed factory-gate inflation had cooled for a third straight month in September amid lean domestic demand, reflecting more pressure on the world's second-biggest economy. The blue-chip

Published 17 Oct, 2018 12:00am

Tokyo shares rise

Tokyo shares closed higher on Tuesday, with investors snapping up bargains after recent losses. The Nikkei 225 index rose 1.25 percent or 277.94 points to end at 22,549.24, while the broader Topix index was higher by 0.74 percent or 12.47 points at 1,687.

Published 17 Oct, 2018 12:00am

European shares rebound as optimism on earnings grows

European shares rebounded from a 22-month low on Tuesday as optimism fuelled by the start of the reporting season and buoyant results from Goldman Sachs from Morgan Stanley lifted investor sentiment. The pan-European STOXX 600 index was up 1.5 percent aft

Published 17 Oct, 2018 12:00am

Australian shares up; New Zealand down

Australian shares closed higher on Tuesday as mining and financials bounced from sharp falls in the previous session, but rising tensions between Saudi Arabia and the West and weaker factory price inflation in China capped broader market gains. The S&P/AS

Published 17 Oct, 2018 12:00am

Most Southeast Asian stocks settle higher

Most Southeast Asian stock markets rose on Tuesday after reports said Saudi Arabia was preparing to acknowledge the death of a Saudi journalist in a botched interrogation, easing tensions between the oil-rich kingdom and the Western world.

Published 17 Oct, 2018 12:00am

Sterling weighs on FTSE

Britain's top stock index missed out on a global rebound on Tuesday, lagging European peers and Wall Street as Brexit optimism and data showing fast-rising wages lifted sterling, acting as an accounting drag for multinationals and exporters. The FTSE 100

Published 17 Oct, 2018 12:00am

Uber eyes valuation topping $100 billion in share offering

Uber is eyeing a valuation above $100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday.

Published 17 Oct, 2018 12:00am

German investor morale plunges

German investor confidence plunged sharply in October, a closely watched survey said Tuesday, dragged down by fears over US-China trade tensions and a hard Brexit.

Published 17 Oct, 2018 12:00am

China fines pharma firm $1.3 billion

Chinese authorities have slapped penalties totalling a whopping $1.3 billion on a pharmaceutical company over a vaccine scandal that fuelled public fears of domestically-made medicine, drug regulators said Tuesday. The massive fine and asset seizure is th

Published 17 Oct, 2018 12:00am

Google offers compromise to avoid more EU Android fines

Google said on Tuesday it would charge manufacturers for apps in a compromise move to avoid more EU mega-fines, after Brussels accused the US tech giant of illegally abusing the dominance of its Android operating system for mobile devices.

Published 17 Oct, 2018 12:00am

UN warns of 'perfect storm' of hunger, climate change

A potent combination of hunger, climate change and man-made conflicts are creating a "perfect storm", the head of the UN's food arm warned Tuesday in a call to action on World Food Day.

Published 17 Oct, 2018 12:00am

Morgan Stanley profit beats expectation

Morgan Stanley reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses. Equity trading revenue rose 7 percent in a quarter marked by uncertainties in global financial ma

Published 17 Oct, 2018 12:00am

Morgan Stanley profit beats expectation

Published 17 Oct, 2018 12:00am

Russia World Cup added $14 billion to economy

The 2018 World Cup added more than $14 billion to the Russian economy, more than one percent of the country's gross domestic product, tournament organisers said in Doha on Tuesday. The figure was revealed in a report on the economic, social and environmen

Published 17 Oct, 2018 12:00am

Goldman Sachs earnings boosted by lower tax costs

Goldman Sachs reported higher third-quarter profits Tuesday, boosted by higher interest rates and lower tax expenses. The iconic Wall Street investment bank, led by newly-installed Chief Executive David Solomon, reported profits of $2.5 billion for the qu

Published 17 Oct, 2018 12:00am

US industrial output rises; job openings at record high

US industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter.

Published 17 Oct, 2018 12:00am

Japan manufacturers' mood rises, trade worries weigh on outlook: Reuters Tankan

Confidence among Japanese manufacturers rose in October from September and is expected to remain flat over the coming three months, a Reuters poll found, suggesting caution over the effect of global trade frictions on the economic outlook.

Published 17 Oct, 2018 12:00am

MIT unveils new $1 billion college for artificial intelligence

The Massachusetts Institute of Technology announced plans Monday to create a new college of artificial intelligence with an initial $1 billion commitment for the program focusing on "responsible and ethical" uses of the technology.

Published 17 Oct, 2018 12:00am

Currency

Turkish industrial output grows slowest in almost two years

Turkey's industrial production grew at its slowest pace in almost two years in August, data showed on Tuesday, reinforcing concerns about a sharp slowdown as the one-time star emerging market combats a currency crisis. Industrial output grew a calendar-ad

Published 17 Oct, 2018 12:00am

China unveils plan for Hainan free trade zone, says effort unprecedented

China on Tuesday granted the southern province of Hainan free trade zone (FTZ) status, vowing to significantly ease restrictions on foreign investment on the island in sector from agriculture to medical services. Known for its sandy beaches and resort-lin

Published 17 Oct, 2018 12:00am

Currency

Oil, weaker currency sharply lifts New Zealand inflation

New Zealand's inflation accelerated sharply in the third quarter, driven by higher fuel prices and a weaker currency, though analysts expect the central bank to look past those transitory factors and keep rates low for an extended period.

Published 17 Oct, 2018 12:00am

Currency

South Africa's Treasury says recession, falling revenue hurt public finances

Falling revenues and a recession mean South Africa will struggle to finance public services, the National Treasury said on Tuesday, as ratings agency Moody's warned of the risks of rising government debt. Africa's most industrialised economy tipped unexpe

Published 17 Oct, 2018 12:00am

Currency

South Africa's Treasury says recession, falling revenue hurt public finances

Published 17 Oct, 2018 12:00am

Currency

Dollar edges up in Asia

The US dollar edged up on Tuesday after it was dented by weak US retail sales data overnight, while New Zealand's currency gained on the back of stronger than expected inflation data. The dollar index, a gauge of its value against six major peers, traded

Published 17 Oct, 2018 12:00am

Currency

Dollar nears three-week lows in Europe

The dollar was mired near a three-week low on Tuesday thanks to tepid US data overnight, though broadly firmer US Treasury yields prevented a sell-off. The data, showing US retail sales barely rose in September, was a rare blemish in a run of economic ind

Published 17 Oct, 2018 12:00am

Currency

Early trade in New York: dollar weakens as stock gains show improving risk sentiment

The US dollar index dropped to more than two-week lows on Tuesday while emerging market currencies outperformed, as rising stock markets reflected improving risk appetite. US stocks opened higher, led by technology stocks, as upbeat earnings from blue-chi

Published 17 Oct, 2018 12:00am

Currency

Dollar dips in New York on weaker retail sales data

The US dollar dipped on Monday after retail sales data for September missed economists' expectations, and as benchmark US Treasury yields consolidated after hitting seven-year highs last week.

Published 17 Oct, 2018 12:00am

Currency

Asian currencies slightly up

Asian currencies made slight advances against the dollar on Tuesday as global sentiment towards riskier assets improved following heavier losses over the past week and as investors awaited US economic data for cues on greenback direction.

Published 17 Oct, 2018 12:00am

Currency

Saudi riyal rebounds

Saudi Arabia's riyal rebounded against the US dollar early on Tuesday after CNN reported Riyadh was preparing to acknowledge the death of dissident journalist Jamal Khashoggi in a botched interrogation. The riyal, which had sunk to a two-year low of 3.752

Published 17 Oct, 2018 12:00am

Currency

Kiwi rises on inflation data

The New Zealand dollar popped higher on Tuesday after a surprisingly high reading on domestic inflation blunted the, already modest, chance of a cut in interest rates and pushed bond yields up.

Published 17 Oct, 2018 12:00am

Currency

Sterling advances

The pound rose above $1.32 on Tuesday on stronger-than-expected labour data, but investors said doubts about a European Union summit yielding much progress on Brexit would limit the currency's advance. Negotiations are deadlocked over the status of the bo

Published 17 Oct, 2018 12:00am

EU wheat futures little changed on tighter global supply

Paris wheat futures were little changed on Monday, with prospects for tightening global supplies countering sluggish export demand for western European wheat. December milling wheat on Paris-based Euronext settled down 0.25 euro at 204.50 euros ($236.97)

Published 17 Oct, 2018 12:00am

Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,681. The traded value of Metals, Energy and COTS/FX was recorded at 11.324 billion and the number of lots traded 14,173.

Published 17 Oct, 2018 12:00am

Shanghai rebar steel hits over three-week high

Shanghai rebar steel futures climbed to their highest level in more than three weeks on Monday, buoyed by expectations that China's sustained anti-pollution campaign could further disrupt production. China's smog-prone Hebei province on Thursday began its

Published 17 Oct, 2018 12:00am

CBOT corn rises on technical buying

Chicago Board of Trade corn futures rose on Monday on technical buying including fund short-covering and spillover strength from soybeans, traders said. CBOT December corn settled up 4-1/2 cents at $3.78-1/4 per bushel after reaching $3.78-1/2, its highes

Published 17 Oct, 2018 12:00am

Russian wheat export prices rise for 5th week running

Russian wheat export prices ended higher for the fifth week running as increased inspections by the agriculture safety watchdog unnerved the market, analysts said on Monday. The watchdog, Rosselkhoznadzor, has been beefing up quality controls in recent we

Published 17 Oct, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 115,181 tonnes of cargo comprising 121,618 tonnes of import cargo and 33,563 tonnes of export cargo including 5,912 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 1

Published 17 Oct, 2018 12:00am

Cotton

Cotton market: Brisk activity despite higher rates

Volume of business extended on the cotton market on Tuesday despite sustained rise in the fine quality, dealers said. The official spot rate was up by Rs 50 to Rs 8650, they added. Prices of seed cotton in Sindh were at Rs 3800-4200, in the Punjab seed co

Published 17 Oct, 2018 12:00am

Asian gasoline falls to lowest in three months

Asia's gasoline crack dropped nearly 20 percent on Monday to a more than three-month low of $5.39 a barrel, under pressure from plentiful supplies and weaker demand in the region. Petrol sales in India in September, for example, had the smallest rise in f

Published 17 Oct, 2018 12:00am

At least seven dead in Morocco train crash

A passenger train derailed Tuesday near the Moroccan capital Rabat killing at least seven people and injuring over 80 others, officials said. "Regrettably, seven people died," regional health director Abdelmoula Boulamizat told the official MAP news agenc

Published 17 Oct, 2018 12:00am

Google CEO says 'important to explore' China project

Google chief executive Sundar Pichai has acknowledged publicly for the first time that the tech giant is considering a search engine for China, saying it could offer "better information" to people than rival services.

Published 17 Oct, 2018 12:00am

US announces sanctions on key Iranian paramilitary force

The US Treasury Department on Tuesday slapped sanctions on an Iranian paramilitary group along with a network of businesses that were providing it financing, as part of Washington's campaign of maximum economic pressure against Tehran.

Published 17 Oct, 2018 12:00am

Boko Haram kills second kidnapped aid worker

Islamic State-allied Boko Haram jihadists have killed another kidnapped female Red Cross worker in northeast Nigeria in a "despicable act of cruelty", the agency said on Tuesday, a month after militants murdered one of her colleagues.

Published 17 Oct, 2018 12:00am

Microsoft co-founder, investor, philanthropist Allen dies

Paul Allen, who founded Microsoft with Bill Gates in the 1970s and later went on to become an investor, philanthropist and sports team owner, died Monday after his latest battle with cancer at age 65.

Published 17 Oct, 2018 12:00am

Ethiopian PM hands half of cabinet to women, including defence job

Ethiopian Prime Minister Abiy Ahmed on Tuesday unveiled a downsized cabinet where, in a first, half the members are women, a top official said.

Published 17 Oct, 2018 12:00am

Foreign fighters still joining IS in Syria: US general

Foreign fighters continue to flow into Syria to join the Islamic State group despite its forces being largely decimated, Pentagon Joint Chiefs chairman Joe Dunford said Tuesday.

Published 17 Oct, 2018 12:00am

Salvini, Macron clash after France caught migrant dumping

Italy's far-right Interior Minister Matteo Salvini on Tuesday hit out at President Emmanuel Macron after French police were caught committing the "unprecedented offence" of dumping migrants in Italian woods.

Published 17 Oct, 2018 12:00am

UAE charges British student with spying

Britain said Tuesday it was "deeply concerned" about the wellbeing of a PhD student charged by the United Arab Emirates with spying in the Gulf country. British citizen Matthew Hedges stands accused of "spying for a foreign country, jeopardising the milit

Published 17 Oct, 2018 12:00am

New York marks first shooting-free weekend in 25 years

New York has marked its first weekend without a shooting in 25 years, police said Monday. "We went Friday, Saturday, Sunday without any shootings and homicides," New York Police Department chief James O'Neill told reporters.

Published 17 Oct, 2018 12:00am

Frenchman held in Yemen released with Saudi help

A Frenchman held captive in war-torn Yemen for over four months after his boat ran into trouble near the port of Hodeida has been released, the French presidency announced Tuesday.

Published 17 Oct, 2018 12:00am

Saudi prince agrees to Khashoggi case investigation as Turks search consulate

Saudi Arabia's crown prince agreed on Tuesday there must be a thorough investigation into the disappearance of journalist Jamal Khashoggi, the United States said, after media reports that Riyadh will acknowledge he was killed in a botched interrogation.

Published 17 Oct, 2018 12:00am

Vegetable Oil

Malaysian palm oil eases gains after hitting 5-week top

Malaysian palm oil futures ended the trading day higher on Tuesday evening, after earlier striking a 5-week high following overnight gains in soyaoil on the Chicago Board of Trade (CBOT).

Published 17 Oct, 2018 12:00am

Copper slips as trade tensions, rising US rates weigh

Copper prices slid on Tuesday amid lean factory-gate inflation data in China and nagging concerns about global growth, trade tensions and rising US interest rates.

Published 17 Oct, 2018 12:00am

Oil up; Iran, Saudi supply worries offset US supply growth

Oil prices edged up in cautious trade on Tuesday as expectations of higher US shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter S

Published 17 Oct, 2018 12:00am

Tokyo rubber up

Benchmark Tokyo rubber futures rose modestly on Tuesday, despite the drop in Shanghai market, helped by strong physical prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, usually track Shanghai future

Published 17 Oct, 2018 12:00am

Arabica coffee steadies near four-month peak

Arabica coffee futures came off their highs on Tuesday, but steadied near a four-month peak as speculators ran into chart resistance and favourable weather in top-grower Brazil pressured prices, while New York cocoa rose to a three-week high as a softer U

Published 17 Oct, 2018 12:00am

Gold climbs in New York

Gold rose to its highest level in 2-1/2 months on Monday as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. Spot gold gai

Published 17 Oct, 2018 12:00am

Gold stays near 2-1/2-month high in Asia

Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncertainty. Spot gold was little changed at $1,226.71 an ounce at 0707 GMT. It touched

Published 17 Oct, 2018 12:00am

Gold flat in Europe

Gold held firm near 2-1/2-month highs on Tuesday as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets. Spot gold was up 0.1 percent at $1,227.18 per ounce at 1548 GMT, having peaked on Monday at $1

Published 17 Oct, 2018 12:00am

US MIDDAY: soyabeans, corn retreat

US soyabean and corn futures fell about 1 percent on Tuesday on improving harvest weather in the Midwest crop belt and some profit-taking a day after both commodities neared two-month highs, traders said. Wheat was mixed in choppy trade.

Published 17 Oct, 2018 12:00am

US MIDDAY: gold steadies

Gold held steady near 2-1/2-month highs on Tuesday as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets. Spot gold was unchanged at $1,226.29 per ounce by 1:52 p.m. EDT (1752 GMT), having peaked at

Published 17 Oct, 2018 12:00am

PU VC inaugurates India Study Desk at CSAS

Punjab University Centre for South Asian Studies has (CSAS) organized inaugural ceremony of 'India Study Desk'. PU Vice Chancellor Prof Niaz Ahmad, Dean Faculty of Arts & Humanities Prof Dr Muhammad Iqbal Chawla, Director CSAS Prof Dr Umbreen Javaid, facu

Published 17 Oct, 2018 12:00am

Hajj operations: Ministry suffers Rs 180 million loss due to Shaheen Airline, Senate body told

The Ministry of Religious Affairs had to bear additional Rs 180 million expenditure due to negligence of Shaheen Airline in the Hajj operations. Secretary of the ministry, Muhammad Mushtaq Ahmed revealed this on Tuesday while briefing the Senate Standing

Published 17 Oct, 2018 12:00am

Dry spell forecast: Growers advised to uproot weeds from standing crops

The Met Office has asked the farmers to make plans to irrigate crops effectively keeping in view a mainly dry spell in the country.

Published 17 Oct, 2018 12:00am

Martyrdom anniversary of Liaquat Ali observed

The 67th martyrdom anniversary of Nawabzada Liaquat Ali Khan, Pakistan's first Prime Minister was observed on Tuesday. Liaquat Ali Khan struggled with Quaid-e-Azam Muhammad Ali Jinnah to get a separate homeland for Muslims of sub-continent and later serve

Published 17 Oct, 2018 12:00am

Government fetches about Rs 50 million by auctioning NHA's 45 vehicles

The government on Tuesday auctioned 45 out of 76 vehicles of National Highway Authority (NHA) fetching around Rs 50 million, said the ministry officials. The Ministry of Communications put up the vehicles for sale as part of Prime Minister Imran Khan's au

Published 17 Oct, 2018 12:00am

Faran Sugar Mills Limited

Faran Sugar Mills Limited (FRSM) was incorporated in Pakistan on November 03rd, 1981. It is a public limited company operating under the Companies Act, 1913. The company is listed on the Pakistan Stock Exchange.

Published 17 Oct, 2018 12:00am

Faran Sugar Mills Limited

Published 17 Oct, 2018 12:00am

Jhagra terms KP budget balanced, pro-poor

Khyber Pakhtunhwa Minister for Finance, Taimoor Saleem Khan Jhagra has termed the provincial budget for the fiscal year 2018-19, as a balanced and pro-poor, because no new tax was imposed in the budget. Addressing a the post-budget press conference at Cab

Published 17 Oct, 2018 12:00am

Jhagra terms KP budget balanced, pro-poor

Published 17 Oct, 2018 12:00am

PSO's 42nd AGM highlights consistent growth

Pakistan State Oil Company Limited, the country's largest oil marketing company, held its 42nd Annual General Meeting (AGM) in Karachi where it shed light on recent achievements and consistent growth trends in spite of some grave industry challenges.

Published 17 Oct, 2018 12:00am

Avoiding economic crisis; Trade alliance with 100 micro power nations advocated

Pakistan should create trade alliance with other 100 micro power nations to avoid economic crisis in future. This was stated by Naseem Javed, Chairman Expothon Worldwide while talking to Business Recorder after concluding session of a training work

Published 17 Oct, 2018 12:00am

KP speaker meets Asad Qaiser

Speaker Khyber Pakhtunkhwa Assembly Mushtaq Ghani called on Speaker National Assembly Asad Qaiser at the Parliament House on Tuesday. The matters related to current political, economic situation in the country and mutual interest were discussed in the mee

Published 17 Oct, 2018 12:00am

GSK Pakistan introduces dessiflex packaging for Augmentin

GSK Pakistan has introduced a specialized form of blister packaging technology in the country under which Pakistan's leading antibiotic Augmentin will now be available in dessiflex packaging.

Published 17 Oct, 2018 12:00am

PSQCA marks 49th 'World Standards Day'

Pakistan Standards & Quality Control Authority (PSQCA) director general Abdul Aleem Memon has said confidence of the consumer is always proportionate to safety and reliability of a product and this confidence can only be achieved through standardisation.

Published 17 Oct, 2018 12:00am

Beacon of Pakistan-Turkey friendship: PNS 'MOAWIN' commissioned at PN Dockyard

A 17,000 tons Fleet Tanker named PNS MOAWIN was commissioned during an impressive ceremony held at Pakistan Navy Dockyard, Karachi. President of Pakistan, Dr Arif Alvi graced the occasion as Chief Guest. Chief of the Naval Staff, Admiral Zafar Mahmood Abb

Published 17 Oct, 2018 12:00am

Sindh okays over Rs 72 billion poverty reduction strategy

Sindh Chief Minister Syed Murad Ali Shah on Tuesday approved the Rs72.5 billion poverty reduction strategy with a focus on education, health, water and sanitation and development of internal village roads.

Published 17 Oct, 2018 12:00am

ICAP's clarification

It has been reported in a section of the press that Institute of Chartered Accountants of Pakistan (ICAP) is opposed to the privatization of distribution companies in the power sector. This is a baseless assertion. The Institute has not taken any such pos

Published 17 Oct, 2018 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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