News Archives for Print - 2018-11-28

Print - 2018-11-28

Currency

Argentina says it is close to inking a beef deal with US

Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the South American country's international trade secretary, Marisa Bircher, said. The agreement, expe

Published 28 Nov, 2018 12:00am

Currency

Banks extend UK plc's overdraft ahead of Brexit

Banks in Britain are trying to prepare businesses for a potential cash crunch after Brexit, whether or not a deal agreed by the UK and Brussels this weekend is approved by parliament next month.

Published 28 Nov, 2018 12:00am

Kosovo Serbs protest Pristina's tariff

Several thousand Kosovo Serbs protested in northern Kosovo on Tuesday against Pristina's massive customs tariff on Serbian goods, a retaliatory measure announced last week that has spiked tensions and curtailed trade between the neighbours. The crowd gath

Published 28 Nov, 2018 12:00am

Australia's AMP to spend over $852 million in remediation, CEO tells inquiry

Australia's largest-listed wealth manager, AMP Ltd, told an inquiry on Tuesday it expected to spend A$1.18 billion ($852.6 million) to compensate customers who had received bad advice or been charged for no service. AMP interim Chief Executive Michael Wil

Published 28 Nov, 2018 12:00am

Second needle incident in strawberries in New Zealand

A needle has been found in a strawberry in New Zealand, police said Monday, the second incident to hit the country two months after a contamination crisis erupted in Australia. The needle was found in a punnet sold in the small South Island town of Gerald

Published 28 Nov, 2018 12:00am

Second needle incident in strawberries in New Zealand

Published 28 Nov, 2018 12:00am

African fishing communities face 'extinction' as blue economy grows

Fishing communities along Africa's coastline are at a greater risk of extinction as countries eye oceans for tourism, industrial fishing and exploration revenue to jumpstart their "blue economies," UN experts and activists said on Monday. The continent's

Published 28 Nov, 2018 12:00am

Meezan Bank's Karachi East team win 'Winning Together' cricket title

Alhamdulillah, teamwork and success are hallmarks of Meezan Bank's journey. As an annual celebration of our team work, this year too, Meezan Bank holds the 'Winning Together' Cricket Tournament - 2018. Tournament was based on the theme ' Celebrating Best

Published 28 Nov, 2018 12:00am

PSL franchises: PCB faces differences on payments issue

Despite issuance of an invoice by the Pakistan Cricket Board (PCB), different franchises of the Pakistan Super League (PSL) have not so far cleared their dues, it has been learnt. Sources claimed that there are differences between the PCB and PSL franchis

Published 28 Nov, 2018 12:00am

PPL Blind Cricket Trophy begins

The second edition of Pakistan Petroleum Limited (PPL) Blind Cricket Trophy got under way here at Arbab Niaz Cricket Stadium on Tuesday. Kamran Khan Bangash, Minister for Science and Technology Khyber Pakhtunkhwa was the chief guest on this occasion who f

Published 28 Nov, 2018 12:00am

Hafeez survives in unchanged Pakistan squad for final Test

Misfiring opener Mohammad Hafeez survived the chop on Tuesday as the Pakistan selectors named an unchanged 15 man squad for the third and final Test against New Zealand starting in Abu Dhabi next week.

Published 28 Nov, 2018 12:00am

Yasir takes record Test wickets as Pakistan beat New Zealand by an innings

Leg-spinner Yasir Shah followed his extraordinary first innings performance with a six wicket haul as Pakistan beat New Zealand by an innings and 16 runs in the second Test in Dubai on Tuesday to level the series 1-1. The 32-year-old, who took 8-41 on Mon

Published 28 Nov, 2018 12:00am

Tokyo stocks climb

Tokyo stocks rose for the third straight session on Tuesday, as investor sentiment improved following rallies on Wall Street with expectations growing for a year-end shopping spree. The benchmark Nikkei 225 index gained 0.64 percent or 140.40 points to cl

Published 28 Nov, 2018 12:00am

China stocks lower

China stocks closed marginally lower on Tuesday after US President Donald Trump seemed to quash hopes of a trade truce with Beijing, while investors remained on the sidelines amid a slowdown in global growth. The Shanghai Composite index ended flat at 2,5

Published 28 Nov, 2018 12:00am

Tuesday's early trade: Stocks dip as tariff worries push industrials lower

US stocks dipped in choppy trading on Tuesday after President Donald Trump's threat to move ahead with additional tariffs on Chinese goods weighed on industrial stocks. Trump said he expected to move ahead with raising tariffs on $200 billion in Chinese i

Published 28 Nov, 2018 12:00am

Wall Street rallies as Cyber Monday shoppers log on

Wall Street bounced back on Monday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. The S&P 500 and the Dow Jones Industrial Average rose about 1.5 percent

Published 28 Nov, 2018 12:00am

Growing Treasury auctions, stock rally boost yields

US government bond yields rose on Monday, driven by a rally in stock prices, and at the start of a week in which the Treasury Department will issue $129 billion of new notes at auction. The Treasury Department on Monday sold $39 billion of new two-year no

Published 28 Nov, 2018 12:00am

Growing Treasury auctions, stock rally boost yields

Published 28 Nov, 2018 12:00am

Microsoft's stock market value catches up with Apple

Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has all but lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp. Buoyed by a broad rebound in US stocks on Monday, Mi

Published 28 Nov, 2018 12:00am

Real estate weighs on Dubai, Egypt ends losing streak

Dubai's stock market tumbled to a 34-month low on Tuesday as real estate shares continued to slide, while Egyptian blue chips rebounded after five straight sessions of losses. The Dubai index fell 1.0 percent to 2,700 points, its lowest level since Januar

Published 28 Nov, 2018 12:00am

Indian shares up

Indian shares ended higher for a second consecutive session on Tuesday, mirroring the previous session's move of a surge in the last two hours, ahead of the expiry of futures and options contracts later this week. The benchmark BSE index closed up 0.45 pe

Published 28 Nov, 2018 12:00am

European shares dip as Trump reignites trade war fears

European shares fell on Tuesday after a new threat by Washington to impose more tariffs on Chinese products and fears the trade war could spread to Europe after a report in Germany of possible new US taxes on imported cars. The pan-European STOXX 600 benc

Published 28 Nov, 2018 12:00am

Southeast Asian stocks subdued; Malaysia falls

Malaysian shares fell 1 percent to a four-week closing low on Tuesday, dragged by casino operator Genting Malaysia Bhd and its parent, while other Southeast Asian markets were subdued after US President Donald Trump seemed to thwart hopes of a trade truce

Published 28 Nov, 2018 12:00am

British stocks dented as Thomas Cook, miners sink

A plunge in tour operator Thomas Cook weighed on British stocks on Tuesday, as miners tumbled with metals prices dented by fears of a further escalation in US-China trade tensions. The FTSE 100 opened higher but gains quickly evaporated, leaving the index

Published 28 Nov, 2018 12:00am

Currency

Dollar steadies in Asia

The dollar held steady on Tuesday as fresh concerns about the Sino-US trade war lent support to safe haven currencies, although moves were tempered as investors await possible cues from the Federal Reserve about policy direction. Weighing on global risk s

Published 28 Nov, 2018 12:00am

Currency

Dollar index rises to near two-week high in Europe

The US dollar rose to its highest level in almost two weeks against its major rivals on Tuesday, after President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about world trade tensions. Sterling was the weakes

Published 28 Nov, 2018 12:00am

Currency

Early trade in New York: Dollar gains as Fed's Clarida backs further rate hikes

The US dollar gained on Tuesday after Federal Reserve Vice Chair Richard Clarida backed further interest rate hikes but noted the importance of monitoring economic data as the US central bank approached a neutral stance. In a carefully worded speech that

Published 28 Nov, 2018 12:00am

Euro slips in New York as Draghi notes slowing growth

The euro weakened against the greenback on Monday, giving up earlier gains, after European Central Bank President Mario Draghi acknowledged slowing growth in the region. The euro zone has lost some growth momentum but this was mostly normal and not enough

Published 28 Nov, 2018 12:00am

Currency

Aussie, kiwi near recent lows

The Australian dollar hovered near one-week lows as markets were nervous before crucial trade talks between the leaders of the United States and China, while New Zealand's currency remained frail after a recent battering on poor economic data. The Aussie

Published 28 Nov, 2018 12:00am

Currency

Most Asian currencies weaken

Most Asian currencies weakened slightly on Tuesday after US President Donald Trump warned on the cusp of a meeting with Chinese President Xi Jinping that tariffs on goods imported from China were likely to be raised. Trump's comments soured the mood in As

Published 28 Nov, 2018 12:00am

Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low for a fifth straight session on Tuesday, as investors dumped currency-denominated assets following a credit rating downgrade and a delay in an IMF loan discussion in the wake of a political crisis. The rupee hit a fre

Published 28 Nov, 2018 12:00am

Currency

Sterling slides with UK Brexit vote in doubt

Sterling slumped against the dollar and the euro on Tuesday as doubts grew about whether British Prime Minister Theresa May can get a Brexit agreement through a divided parliament.

Published 28 Nov, 2018 12:00am

Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,573. The traded value of Metals, Energy and COTS/FX was recorded at 8.677 billion and the number of lots traded 25,129. Major business was contributed by NSDQ100 amounting

Published 28 Nov, 2018 12:00am

CBOT corn futures lower at two-month low

Chicago Board of Trade corn futures ended lower on Monday, with the spot December contract nearing a two-month low in sympathy with a 2 percent decline in soybeans, traders said. CBOT December corn settled down 3 cents at $3.56 per bushel after touching $

Published 28 Nov, 2018 12:00am

Indonesia to drop palm oil levy as farmers hit by price fall

Top exporter Indonesia said on Monday it will temporarily remove a levy on palm oil after a sharp drop in prices which has hit farmers. Indonesia collects levies from palm exporters to help finance the development of its palm-based biodiesel programme, as

Published 28 Nov, 2018 12:00am

CBOT wheat futures higher on US sale to Egypt

Chicago Board of Trade wheat futures closed higher on Monday as geopolitical tension in the Black Sea region and confirmation of US wheat sales to Egypt sparked a round of short-covering, traders said. CBOT December soft red winter wheat settled up 7-3/4

Published 28 Nov, 2018 12:00am

EU wheat flat as market awaits Algerian tender

European wheat futures ended unchanged on Monday, underpinned by firm US markets as traders awaited the results of a tender later this week by Algeria, the top buyer of French wheat. Benchmark March milling wheat on Paris-based Euronext, settled at 202.50

Published 28 Nov, 2018 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 136,579 tonnes of cargo comprising 113,866 tonnes of import cargo and 22,713 tonnes of export cargo including 6,820 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 1

Published 28 Nov, 2018 12:00am

Cotton

Cotton prices fall on moderate trade

Official spot rate dropped modestly on the cotton market on Tuesday as the ginners were not ready to lower asking prices, dealers said. The official spot rate fell by Rs 50 to 8,750, they added. Prices of seed cotton in Sindh were at Rs 3000-4000, in the

Published 28 Nov, 2018 12:00am

Chinese iron ore, steel slump to multi-month lows

Chinese iron ore futures tumbled nearly 6 percent and steel prices dropped to the lowest in almost five months on Monday as worries over weaker steel demand sustained a selloff, with raw materials coking coal and coal also down sharply. Steel traders are

Published 28 Nov, 2018 12:00am

Jack Ma, China's richest man, is a Communist Party member

Jack Ma, founder of Chinese technology giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party. The billionaire's Communist bona fides were revealed by the People's D

Published 28 Nov, 2018 12:00am

US bombers no longer flying over Korean peninsula: US general

US bombers are no longer conducting flights over South Korea after Seoul asked for such missions to be paused, a US general said Monday. General Charles Brown, who heads US Pacific Air Forces, told Pentagon reporters that the break was to help create spac

Published 28 Nov, 2018 12:00am

Kerb

Facebook checked alleged Russian meddling as early as 2014

Facebook acknowledged on Tuesday that its engineers had flagged potentially malicious Russian activity as early as 2014 - long before it became public - but did not confirm evidence of a coordinated campaign. The revelation came as the British parliament

Published 28 Nov, 2018 12:00am

Xi arrives in Spain for business-driven visit

China's President Xi Jinping arrived in Spain on Tuesday for a business-focused state visit as Beijing, currently engaged in a trade war with the United States, seeks to strengthen ties with Europe. Xi, who landed in Madrid according to a Spanish governme

Published 28 Nov, 2018 12:00am

Snapchat selfie sparks terror scare on Indian flight

A passenger was taken off an Indian plane and detained for questioning after he posted a photo of himself on Snapchat alongside the word "terrorist", officials said Tuesday. Yogvedant Poddar, 21, was removed from the Jet Airways flight after a passenger s

Published 28 Nov, 2018 12:00am

Google accused of manipulation to track users

Seven European consumer groups filed complaints against Google with national regulators Tuesday, accusing the internet giant of covertly tracking users' movements in violation of an EU regulation on data protection. The complaints cited a study by the Nor

Published 28 Nov, 2018 12:00am

May rebukes Trump as she bids to sell Brexit deal

Theresa May rebuked Donald Trump and insisted Britain could strike trade agreements outside the EU as she launched a nationwide tour on Tuesday to whip up support for the contested Brexit divorce deal. Prime Minister May headed to Wales and Northern Irela

Published 28 Nov, 2018 12:00am

French Senate official accused of spying for North Korea

France's Senate said Tuesday it had suspended a senior French civil servant arrested on suspicion of spying for North Korea. Benoit Quennedey, a senior administrator in France's upper house of parliament and president of the Franco-Korean Friendship Asso

Published 28 Nov, 2018 12:00am

Pak HC in Dhaka: Pakistan lodges protest over burglary incident

Pakistan has lodged a strong protest with Bangladesh over an incident of burglary in the country's High Commission in Dhaka in which unknown burglars stole computers of the consular section.

Published 28 Nov, 2018 12:00am

Homemade reforms agenda needed to overcome economic problems: economists

Pakistan needs to implement homemade reforms agenda to address the problems of various sectors of the economy. This was stated by former Advisor to Finance Ministry Dr Ashfaq Hasan Khan and former Finance Minister Punjab Dr Ayesha Ghaus Pasha while speaki

Published 28 Nov, 2018 12:00am

PPP Punjab to launch movement for growers' rights

The Pakistan Peoples Party (PPP) Punjab announced on Tuesday to launch a movement for the rights of growers from 5th December in the province.

Published 28 Nov, 2018 12:00am

Turkish Coca-Cola Company delegation meets Imran

The delegation of Coca Cola company from Turkey on Tuesday informed Prime Minister Imran Khan that the international company is planning to make future investments of $200 million in the next 2-3 years. A delegation of Coca Cola called on Prime Minister I

Published 28 Nov, 2018 12:00am

CJP for across the board accountability

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Tuesday pledged to take all the requirements for the betterment of the society under consideration, adding that accountability should be done without discrimination and with justification.

Published 28 Nov, 2018 12:00am

Agriculture & livestock sector: Ministry fails to implement policy

The Ministry for National Food Security & Research (NFS&R) has failed to implement prime minister's 100-day plan to formulate a viable policy for the uplift of agriculture & livestock sector, owing to late appointment of the Minister.

Published 28 Nov, 2018 12:00am

Pakistan slams killing of US soldiers in Ghazni

Foreign Minister Shah Mahmood Qureshi has strongly condemned the IED attack on the RSM servicemen in Ghazni, Afghanistan, resulting in killing and injury to the US service members. He expressed heartfelt sympathies and condolences on behalf of the people

Published 28 Nov, 2018 12:00am

Currency

Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited is engaged in the refining of various petroleum products including liquefied petroleum gas, light and heavy naphtha, kerosene, HOBC, motor spirit, jet fuels, HSD and furnace oil. The company was formed in January 1995 as a

Updated 28 Nov, 2018 09:43am

Mutual Funds

Byco Petroleum Pakistan Limited

Published 28 Nov, 2018 12:00am

125 individual businesses registered on business portal

The one-day awareness campaign jointly conducted by the Labour Department of Punjab and the Punjab Information Technology Board (PITB) at historical Anarkali Bazar attracted a large number of business community and registered as many as 125 individual bus

Published 28 Nov, 2018 12:00am

100-day reform agenda: 'Transfers, suspension of cops remained PTI government's top priority'

Politically motivated transfers and postings as well as suspension of services of many senior police officers remained the top priority of incumbent Pakistan Tehrik-e-Insaaf (PTI) government in the Punjab police during its 100-day reform agenda, negating

Published 28 Nov, 2018 12:00am

Ali & Associates wins award

The Asia IP Awards Ceremony was held in New Delhi on November 16, 2018 during the Asian Patent Attorneys Association Annual Meeting and 46 global law firms received awards for services in Intellectual Property Law.

Published 28 Nov, 2018 12:00am

Kartarpur Corridor: Initiative to strengthen peace efforts: Punjab CM

Terming the Kartarpur Corridor as a way forward towards moving ahead with the Pakistan-India relations, the Punjab Chief Minister Sardar Usman Buzdar on Tuesday said this initiative will strengthen the peace efforts in wake of birth anniversary of Baba Gu

Published 28 Nov, 2018 12:00am

Kartarpur will be peace corridor between two countries: Sidhu

Former Indian cricketer and Minister of Indian Punjab Navjot Singh Sidhu has said that Kartarpur will be a peace corridor between the two countries. Religions should never be seen with a political eye, he added.

Published 28 Nov, 2018 12:00am

'Labour department focusing on OSH as future strategy'

"Exports in textile and garment sector can be enhanced, reducing the cost of production by adopting preventive measures which will ensure Occupational Safety and Health (OSH) of workers at workplaces.

Published 28 Nov, 2018 12:00am

Cotton

Population growth: Call to vertical increase crop productivity

World population will be nearly 9 billion by 2050, according to a FAO report, needs multiplying the agricultural production in commensurate to increase in the global population. In view of increasing urbanization and a decrease in arable land, vertical in

Published 28 Nov, 2018 12:00am

Cotton

Population growth: Call to vertical increase crop productivity

Published 28 Nov, 2018 12:00am

Attack on consulate: Chinese staff gives Rs 1 million for families of martyred police officials

The financial assistance of Rs 1 million has been given by the Chinese staff working at M-III Industrial Estate for the families of police officials martyred during the attack on Chinese Consulate in Karachi last week. The cheque was handed over to Deputy

Published 28 Nov, 2018 12:00am

SNGPL introduces gas saving gadgets

Sui Northern Gas Pipelines Limited (SNGPL) has introduced special gas saving gadgets to coup with the winter season. Usually during the winters gas demand supply gap widens due to excessive usage of geyser and gas heater. Keeping in view the situation, th

Published 28 Nov, 2018 12:00am

Jobs creation: Government sets priority for SME sector: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar has said that development of SME sector is the top priority of present government for creating employments and curbing poverty in the country. He was speaking at the inaugural session of the 3rd SME Conference orga

Published 28 Nov, 2018 12:00am

No schools in residential areas will be closed: minister

Sindh Minister for Local Government Saeed Ghani Tuesday said that notification regarding closure of schools in residential areas issued by the Sindh Building Control Authority(SBCA) the other day was based on misunderstanding, the students, parents and sc

Published 28 Nov, 2018 12:00am

PTI's 100-day increases miseries of masses: adviser

Adviser to Chief Minister Sindh for Information, Law and Anti-corruption, Barrister Murtaza Wahab said that PTI government was completing 100-day but it did nothing for the betterment and social improvement of people adding that PTI made only false and ta

Published 28 Nov, 2018 12:00am

Punjab wheat sector stakeholders' conference held

The Government of Punjab in collaboration with FAO United Nations and World Bank jointly organized a stakeholders' conference titled "Punjab Wheat Sector Stakeholder's Conference" under the World Bank's financed "Strengthening Markets for Agriculture and

Published 28 Nov, 2018 12:00am

Shifting of supply pipelines: Nine-hour gas suspension in Peshawar today

The supply of natural gas will remain suspended in most parts of the provincial metropolis on Wednesday (today) because of shifting of the main supply pipelines from the route of Bus Rapid Transit (BRT) near GT Road.

Published 28 Nov, 2018 12:00am

Families of martyred policemen: Chinese citizens decide to set up foundation

Chinese citizens have decided to set up a foundation to financially support the families of the policemen who were martyred in an attack on the Chinese Consulate in Karachi last week, said Tianru Tang, Managing Director EXIM, a Chinese company, while talk

Published 28 Nov, 2018 12:00am

Communications ministry: Austerity generates Rs 3.72 billion revenue in 100 days

The Ministry of Communications and its attached departments managed to generate Rs 3.72 billion additional revenue on account of better governance, austerity and accountability during the last 100 days. This was claimed by Minister of State for Communicat

Published 28 Nov, 2018 12:00am

NUST holds global workshop

NUST Institute of Environmental Sciences & Engineering (IESE), School of Civil & Environmental Engineering (SCEE), hosted "International Workshop on Sustainable Urban Water Technologies & Construction," here at the university's main campus on Tuesday.

Published 28 Nov, 2018 12:00am

Partly Facetious : Little John is Fawad Chaudhry?

"I mean one really doesn't know what's gonna come out of his mouth next."

Published 28 Nov, 2018 12:00am

UN urged to implement its resolutions on Kashmir

Urging the United Nations (UN) to implement its resolutions on Kashmir, the speakers at a seminar have denounced the massive human rights abuses by Indian forces in the Occupied Jammu and Kashmir.

Published 28 Nov, 2018 12:00am

'Knowledge-based economy vital to address challenges'

Knowledge-based economy are imperative to address the daunting issues of poverty, agriculture low productivity, unemployment and other challenges, said Dr Muhammad Nawaz, the former Vice Chancellor, University of Veterinary Sciences Lahore.

Published 28 Nov, 2018 12:00am

10th IDEAS: Naval chief meets various countries' delegations

Delegations from various countries called on Chief of the Naval Staff Admiral Zafar Mahmood Abbasi during 10th International Defence Exhibition and Seminar (IDEAS) being held at Expo Centre Karachi.

Published 28 Nov, 2018 12:00am

SHC told: Action taken against around 2,500 traffic personnel

Disciplinary action was taken against 2497 traffic personnel so far, during the current calendar year, according to a report submitted in Sindh High Court (SHC) on Tuesday. The DIG Traffic Police filed the report with the SHC's Justice Muhammad Ali Mazhar

Published 28 Nov, 2018 12:00am

Agha Steel opens third dialysis centre

Agha Welfare Trust (ADC), a CSR initiative of Agha Steel Industries Limited, recently inaugurated state-of-the-art Agha Dialysis Centre (ADC). This is the third such facility and has been established at Imam Clinic, Karachi.

Published 28 Nov, 2018 12:00am

July-October seafood export declines to $67.156 million

Pakistan's seafood export slumped to $67.156 million in July-Oct 2018-19, low by 11.31 percent, official figures say. Fall in seafood export now stands at $ 8.567 million in July-Oct 2018-19 from $ 75.723 million in July-Oct 2017-18, Pakistan Bureau of St

Published 28 Nov, 2018 12:00am

President chairs first meeting of KTC

An introductory meeting of Karachi Transformation Committee (KTC) was held at the Governor House here on Tuesday. President Dr. Arif Alvi chaired the meeting which was attended by Sindh Governor Imran Ismial, Federal Minister for Water Resources Faisal Va

Published 28 Nov, 2018 12:00am

LKMWT holds framed photo exhibition

Latif Kapadia Memorial Welfare Trust in collaboration with Aaj Ka Random & New Louvre Art Gallery held a framed photo exhibition for supporting the trust. The exhibition showcased the work of various contributors of the Aaj Ka Random group.

Published 28 Nov, 2018 12:00am

Industrial sector: LDA, WASA urged to review water charges

The Lahore Chamber of Commerce and Industry has urged the Lahore Development Authority (LDA) and Lahore Water and Sanitation Agency (WASA) to review its decision for fixing water charges on monthly basis for industrial sector.

Published 28 Nov, 2018 12:00am

Cotton

Indonesian diplomat eyes $9 billion trade with Pakistan

Indonesian head of delegation and an ambassador from Ministry of Foreign Affairs Raudin Anwar has said his country's target is to increase Pakistan-Indonesia bilateral trade volume by $9 billion in 2019. "Indonesian and Pakistani economies have all ingred

Published 28 Nov, 2018 12:00am

LHC orders implementation of helmet wearing condition

The Lahore High Court on Tuesday ordered implementation of helmet wearing condition on pillion riders from December 01. The court also directed the Chief Traffic Officer (CTO) to issue challan tickets to motorcyclists having no side mirror on their bikes.

Published 28 Nov, 2018 12:00am

Shahra-e-Faisal: Mayor advises bike riders to use dedicated lane

Mayor Karachi Wasim Akhtar has advised motorbike riders to use the exclusive lane allocated for them at the city's busy Shahra-e-Faisal. The mayor, inspecting the separate lane marked for motorcycle riders at Shahra-e-Faisal, said that the traffic police

Published 28 Nov, 2018 12:00am

Assessment of income tax: SC grants leave to FTO's jurisdiction related case

The Supreme Court on Tuesday granted leave to a case related to Federal Tax Ombudsman's jurisdiction to inquire matters related to assessment of income tax. A two-judge bench comprising Justice Umar Atta Bandial and Justice Munib Akhtar heard an appeal ag

Published 28 Nov, 2018 12:00am

Corruption cases against Nawaz, sons: AC reserves order regarding final arguments

The Accountability Court hearing corruption cases against former Prime Minister Nawaz Sharif and his sons reserved judgement with respect to opening of final arguments in Al-Aziza Steel Mill reference whether by the defence or the prosecution. At the star

Published 28 Nov, 2018 12:00am

Removal of Zulfi Bukhari's name from ECL: Ministry submits reply in IHC

The Ministry of Interior Tuesday submitted its reply before the Islamabad High Court in a petition of Special Assistant to the PM on Overseas Pakistanis and Human Resource Development Syed Zulfiqar Abbas Bukhari, seeking removal of his name from the Exit

Published 28 Nov, 2018 12:00am

SAARC summit: Indian PM to be invited: FO

Foreign Office spokesman Dr Mohamad Faisal has said the Indian prime minister will be invited to attend the South Asian Association for Regional Cooperation (SAARC) summit. The FO spokesman and Federal Minister for Human Rights Shireen Mazari were address

Published 28 Nov, 2018 12:00am

Kartarpur Corridor: Imran to perform groundbreaking today

Prime Minister Imran Khan will perform the groundbreaking of Kartarpur Corridor today (Wednesday) to facilitate Sikh pilgrims visiting their holy places in the country. The ceremony will also be attended by an official delegation from India including its

Published 28 Nov, 2018 12:00am

July-November net revenue grows 4.3 percent

The net revenue collection of the Federal Board of Revenue (FBR) during July-November 24, 2018 witnessed a growth of 4.3 percent as compared to the same period of 2017-18. According to the provisional data of the FBR, the FBR has provisionally collected R

Published 28 Nov, 2018 12:00am

FBR urged to clarify taxability of foreign rental income

There is confusion among taxpayers regarding taxability of foreign rental income in Pakistan and filing of income tax returns in view of avoidance of double taxation treaties signed between Pakistan and UAE, UK and Canada.

Published 28 Nov, 2018 12:00am

Imran Farooq murder case: FIA asks ATC to summon foreign witnesses

The Federal Investigation Agency (FIA) has pleaded the Anti Terrorism Court (ATC) for summoning all the foreign witnesses of a case pertaining to the murder of MQM leader Imran Farooq.

Published 28 Nov, 2018 12:00am

SECP issues practices guide for conducting meetings

The SECP has issued a practices guide for conducting meeting of board of directors and general meeting. The guide is recommendatory in nature, thereby giving companies the liberty to develop their own procedures keeping in view the best practices. Meeting

Published 28 Nov, 2018 12:00am

Climate change: Government committed to play its part: PM aide

Giving an insight into 'Clean Green Pakistan' initiative, Adviser to the Prime Minister on Climate Change Malik Amin Aslam has said that present government is committed to playing its part in combating this challenge.

Published 28 Nov, 2018 12:00am

Cotton

Uzbekistan offers to establish technical agriculture institute in Sindh

Sindh Chief Minister Syed Murad Ali Shah has said that he was working hard to completely mechanize agriculture to increase farm productivity in the province, therefore necessary technical support would be taken from Uzbekistan and Belarus.

Published 28 Nov, 2018 12:00am

'National Education Policy Framework 2018' launched

The government on Tuesday launched National Education Policy Framework 2018, envisaging enrolling 25 million out of school children, provision of quality education, skill development and uniformed syllabus across the country.

Published 28 Nov, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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