A high level Canadian delegation led by Leader of the Opposition of Ontario Province Patrick Brown met Punjab Chief Minister Muhammad Shahbaz Sharif. Matters of mutual interest, promotion of bilateral relations and enhancing cooperation in various sectors
South Korea's won on Wednesday slumped to its weakest in more than three months as North Korea said it had successfully conducted a test of a miniaturised hydrogen nuclear device. Most emerging Asian currencies, including the won, were already falling in
Prime Minister Nawaz Sharif has reportedly scrapped Commerce Ministry's uninspiring three-year Strategic Trade Policy Framework (STPF) 2015-18 finalised under the guidance of Finance Minister Ishaq Dar after internal consultations with top aides, well inf
The government is planning to present a comprehensive National Forest Policy before the Council of Common Interests (CCI) in its next meeting for approval from all the four provinces. Minister for Climate Change Zahid Hamid informed this to the National A
Southeast Asian stock markets were mixed on Wednesday, with Indonesia extending gains for a second day after fuel price cuts and lower interest rate outlook, while Singapore hit a more than three-month low, led by energy-related stocks. The Jakarta compos
Prime Minister Nawaz Sharif has reportedly scrapped Commerce Ministry's uninspiring three-year Strategic Trade Policy Framework (STPF) 2015-18 finalised under the guidance of Finance Minister Ishaq Dar after internal consultations with top aides, well inf
The government economic team's belated arrival enraged a Parliamentary Committee on Finance. The meeting was convened to get a briefing from Finance Ministry, State Bank of Pakistan as well as from Federal Board of Revenue on the state of Pakistan's econo
Tokyo stocks closed lower for a third straight session Wednesday as exporters were hit by a strong yen after North Korea said it carried out a hydrogen bomb test, compounding worries about China's economy and Middle East tensions. The Japanese market had
Prime Minister Nawaz Sharif has reportedly scrapped Commerce Ministry''s uninspiring three-year Strategic Trade Policy Framework (STPF) 2015-18 finalised under the guidance of Finance Minister Ishaq Dar after internal consultations with top aides, well in
The old design banknotes will cease to be legal tender with effect from 1st December 2016. As per the federal government's gazette notification dated 4th June, 2015, State Bank of Pakistan (SBP) has now been decided to phase out all remaining old design b
China's central bank on Wednesday set the value of the yuan currency against the US dollar at its lowest since April 2011, according to the national foreign exchange market, raising worries over the health of the world's second-largest economy. The People
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 13.07 points as the ISE Ten Index moved from 2,730.71
At least five terrorists of the banned Tehreek-e-Taliban (TTP) were killed in exchange of fire with police here on Wednesday. SSP Malir Rao Anwar said that police responding to a tip-off about the presence of elements involved in suspicious activities con
New York cocoa futures on ICE extended losses in heavy volume on Wednesday, falling below $3,000 per tonne for the first time in eight months in their biggest three-day slump in more than a year as speculators sold amid a weak macroeconomic picture. Raw s
Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 13.07 points as the ISE Ten Index moved from 2,730.71
Malaysian palm oil futures fell on Wednesday, largely because of weak demand from major importer China. The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange rose slightly before ending the day 0.2 percent lower at 2,448 rin
Shares on Wednesday staged a comeback on the Lahore Stock Exchange by gaining amid a sluggish trading trend. The LSE-25 index lost 15.94 points to 5,385.59 points against 5401.53 points of Tuesday while the transaction volume squeezed to 21,200 shares as
Benchmark Tokyo rubber futures fell to a fresh 7-year low on Wednesday as weak economic data in top buyer China sparked a flurry of sells and the yen jumped to a near 3-month high against the dollar after a possible nuclear test in North Korea. The Tokyo
Shares on Wednesday staged a comeback on the Lahore Stock Exchange by gaining amid a sluggish trading trend. The LSE-25 index lost 15.94 points to 5,385.59 points against 5401.53 points of Tuesday while the transaction volume squeezed to 21,200 shares as
Crude oil prices were more than 5 percent lower on Wednesday after tumbling below $35 per barrel for the first time since 2004, as a sharp rise in US gasoline stocks reinforced a bleak picture that the market was awash with plenty of oil. US government da
Copper hit a two-week low on Wednesday as a weak yuan and poor Chinese services data fanned fears over slowing growth in a market still reeling from weak China factory activity and a Shanghai equities sell-off earlier this week. China's services sector ex
Shanghai Futures Exchange copper rose 0.3 percent to 36,240 yuan ($5,557) a tonne on Wednesday as sentiment remained shaky after data showed slower service sector growth in top consumer China, following on from a contraction in factory activity and a stee
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,183 million. The number of lots traded was 16.73 million. PMEX Commodity Index closed at 2,525. Major business was contributed by gold amounting to PKR 3,065 million followed by cr
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d