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Archive - 2017-11-17
Key suspect in Sehwan shrine blast arrested
Pakistan Top News

Key suspect in Sehwan shrine blast arrested

DIG Counter Terrorism Department (CTD) Aamir Farooqi said on Friday that during a raid in coordination with the Sindh Ra
Published 17 Nov, 2017 12:00pm
Trucks in trouble?
Automobile

Trucks in trouble?

A few days ago, Hyundai Motors signed a contract to provide 200 units of its Korean trucks to Pakistan which includes a
Published 17 Nov, 2017 07:33am
Widening trade deficit
Exchange

Widening trade deficit

The latest news on the trade account of the country is simply frightening. According to the data released by the Pakistan Bureau of Statistics (PBS) on 13th November, 2017, trade deficit of the country jumped to dollar 12.129 billion during July-October,
Updated 17 Nov, 2017 07:17am
Copper falls, nickel at three-week low on slowing Chinese growth
Exchange

Copper falls, nickel at three-week low on slowing Chinese growth

Copper and most other base metal prices fell on Thursday on persistent worries over Chinese demand, but losses in aluminium were tempered by expectations that a crackdown on polluting industry in China will cut supply. Nickel was the worst LME performer,
Published 17 Nov, 2017 12:00am
Shanghai copper, nickel slip
Exchange

Shanghai copper, nickel slip

Shanghai Futures Exchange copper lost 0.7 percent to 52,810 yuan ($7,958) a tonne on Thursday while Shanghai nickel slid 2.6 percent and lead fell 1.5 percent, in line with recent weakness in steel on worries that Chinese demand may be cooling heading int
Published 17 Nov, 2017 12:00am
Cotton inches higher on expectations of positive export data
Cotton

Cotton inches higher on expectations of positive export data

ICE cotton futures crawled higher on Thursday ahead of a weekly export sales report from the US government on expectations of encouraging data. Cotton contracts for March settled up 0.19 cent, or 0.28 percent, at 68.84 cents per lb. It traded within a ran
Published 17 Nov, 2017 12:00am
Lithuania approves 'Magnitsky Act' to blacklist Russians

Lithuania approves 'Magnitsky Act' to blacklist Russians

Lithuania's parliament adopted on Thursday a law allowing it to impose sanctions on Russian officials it considers guilty of human rights violations and money laundering, a move that swiftly drew Moscow's ire. The Baltic EU state became the fifth Western
Published 17 Nov, 2017 12:00am
Panama opens embassy in China after cutting Taiwan ties

Panama opens embassy in China after cutting Taiwan ties

Panama opened its first embassy in China on Thursday five months after cutting ties with Taiwan, which has seen its allies dwindle against the mainland's growing influence. In a speech heralding the embassy's "historic" establishment, Panamanian President
Published 17 Nov, 2017 12:00am
In first, Putin speaks with Ukraine's separatist leaders

In first, Putin speaks with Ukraine's separatist leaders

Russian President Vladimir Putin has spoken to eastern Ukraine's rebel leaders to discuss a prisoner swap, his first publicly acknowledged direct contact with the two pro-Russian separatist republics. The Kremlin said late Wednesday that Putin spoke by te
Published 17 Nov, 2017 12:00am
Kyrgyzstan refuses $100 million Kazakhstan aid amid growing tensions

Kyrgyzstan refuses $100 million Kazakhstan aid amid growing tensions

Kyrgyzstan's President Almazbek Atambayev signed a parliamentary resolution on Thursday to refuse $100 million in aid from oil-rich neighbour Kazakhstan amid an escalating spat between the two Central Asian countries. Both Kyrgyzstan and Kazakhstan are cl
Published 17 Nov, 2017 12:00am
France worried by Iran's 'hegemonic' intentions: FM

France worried by Iran's 'hegemonic' intentions: FM

France is worried by Iran's "hegemonic" intentions in the Middle East, French Foreign Minister Jean-Yves Le Drian said Thursday. At a press conference with his Saudi counterpart Adel al-Jubeir, Le Drian echoed Riyadh's concerns over Iranian "intervention
Published 17 Nov, 2017 12:00am
UK denies link between £400 million debt to Iran and prisoner

UK denies link between £400 million debt to Iran and prisoner

Britain on Thursday denied any link between a longstanding debt of £400 million ($530 million, 450 million euros) to Iran and the fate of a British woman jailed in Tehran, after a report cited diplomats saying the money could help secure her release. The
Published 17 Nov, 2017 12:00am
Trump says Chinese envoy to North Korea 'a big move'

Trump says Chinese envoy to North Korea 'a big move'

US President Donald Trump on Thursday praised China's decision to send a special envoy to its wayward ally North Korea days after he had pressed Beijing to do more to curb Pyongyang's nuclear threats. "China is sending an Envoy and Delegation to North Kor
Published 17 Nov, 2017 12:00am
'Fake news' becomes a business model: researchers

'Fake news' becomes a business model: researchers

Cyber criminals have latched onto the notion of "fake news" and turned it into a profitable business model, with services starting at under $10, security researchers said Thursday. The online security firm Digital Shadows released a report highlighting se
Published 17 Nov, 2017 12:00am
Singapore suspends trade ties with North Korea

Singapore suspends trade ties with North Korea

Singapore has suspended trade ties with North Korea in the latest move by a country to implement UN sanctions to curb Pyongyang's nuclear weapons programme, a customs document showed Thursday. A circular by Singapore Customs on its website banned "all com
Published 17 Nov, 2017 12:00am
At least 14 dead in suicide attack outside Kabul political gathering

At least 14 dead in suicide attack outside Kabul political gathering

A suicide attacker blew himself up outside a political gathering in Kabul killing at least 14 people, officials said Thursday, highlighting the deepening divisions in the war-torn country. The deadly attack, claimed by the Islamic State group in a brief m
Published 17 Nov, 2017 12:00am
Mugabe under house arrest resists army pressure to quit

Mugabe under house arrest resists army pressure to quit

President Robert Mugabe is insisting he remains Zimbabwe's only legitimate ruler and is refusing to quit after a military coup, but pressure is mounting on the 93-year-old former guerrilla to accept offers of a graceful exit, sources said on Thursday. A p
Published 17 Nov, 2017 12:00am
Anti-coal drive at UN climate talks shadowed by pro-coal Trump

Anti-coal drive at UN climate talks shadowed by pro-coal Trump

Twenty countries launched a coal phase-out initiative Thursday at UN climate talks in Bonn where America was under fire for the Donald Trump administration's defence of Earth-warming fossil fuels. Led by Canada and Britain, the "Powering Past Coal Allianc
Published 17 Nov, 2017 12:00am
Hafeez suspended over illegal bowling action

Hafeez suspended over illegal bowling action

Pakistan's spinning all-rounder Mohammad Hafeez has been suspended from bowling in international matches after failing another assessment test, cricket's governing body said Thursday. The 37-year-old was reported for using suspected banned bowling actions
Published 17 Nov, 2017 12:00am
Trials for U-16 Hockey Championship begins

Trials for U-16 Hockey Championship begins

Trials to select three hockey teams to represent Khyber Pakhtunkhwa in the forthcoming National Under-16 Hockey Championship to be organized under the aegis of Pakistan Hockey Federation at Mir Pur Khas. Former Inspector General of Police Muhammad Saeed K
Published 17 Nov, 2017 12:00am
Colonel Shuja Khanzada Basketball begins

Colonel Shuja Khanzada Basketball begins

The four-day 'Colonel Shuja Khanzada Shaheed Basketball Gold Cup' has been inaugurated here at Sports Complex Gymnasium Hall. Teams from Punjab, Sindh, Balochistan, Khyber Pakhtunkhwa, Islamabad and Fata are participating in the tournament. Addressing the
Published 17 Nov, 2017 12:00am
Federer haunts Cilic in London again

Federer haunts Cilic in London again

Roger Federer condemned Marin Cilic to more frustration in London as he repeated his Wimbledon heroics against the Croatian with a 6-7 (5/7), 6-4, 6-1 victory in the ATP Finals on Thursday. Just four months ago and only a few miles across south London, Fe
Published 17 Nov, 2017 12:00am
Peru beats New Zealand 2-0 to capture last World Cup berth

Peru beats New Zealand 2-0 to capture last World Cup berth

Emotional Peru advanced to the World Cup for the first time since 1982 by defeating New Zealand 2-0 on Wednesday, goals by Jefferson Farfan and Christian Ramos sealing the last ticket to Russia. Farfan struck in the 27th minute and Ramos scored in the 65t
Published 17 Nov, 2017 12:00am
Nadal wins doping defamation case

Nadal wins doping defamation case

Spanish tennis star Rafael Nadal won a defamation case against former French health and sports minister Roselyne Bachelot on Thursday after she accused him of doping on television. Bachelot was handed a 500-euro (600-dollar) fine by a court in Paris and o
Published 17 Nov, 2017 12:00am
North Waziristan win cricket trophy in FATA Inter-School Games

North Waziristan win cricket trophy in FATA Inter-School Games

North Waziristan Agency stunned Mohmand Agency by 85 runs and won the trophy of the cricket event part of the ongoing FATA Inter-School Games being played on various venues all across Khyber Agency. Batting first North Waziristan Agency scored 146 runs wi
Published 17 Nov, 2017 12:00am
Saudi Arabia, UAE, Bahrain out of Gulf Cup amid Qatar crisis

Saudi Arabia, UAE, Bahrain out of Gulf Cup amid Qatar crisis

Gulf Cup organisers on Thursday said Saudi Arabia, United Arab Emirates and Bahrain had "withdrawn" from the Qatar-hosted tournament, amid a deepening political crisis in the region. Tournament bosses said they had received no response from the three fede
Published 17 Nov, 2017 12:00am
Sri Lanka's Lakmal rattles India on rain-hit day

Sri Lanka's Lakmal rattles India on rain-hit day

Sri Lanka paceman Suranga Lakmal jolted India with three wickets, including skipper Virat Kohli, to leave them reeling at 17-3 on a rain-hit opening day of the first Test on Thursday. Lakmal claimed Lokesh Rahul with the first ball of the match at Kolkata
Published 17 Nov, 2017 12:00am
CONCACAF agrees to launch new Nations League

CONCACAF agrees to launch new Nations League

CONCACAF's governing council has agreed to launch a new Nations League tournament, for teams in North and Central America and the Caribbean, president Victor Montagliani told Reuters on Thursday. The competition will begin in the international dates in Se
Published 17 Nov, 2017 12:00am
Kremlin calls WADA's decision on Russia 'unfair'

Kremlin calls WADA's decision on Russia 'unfair'

The Kremlin on Thursday called the World Anti-Doping Agency's (WADA) decision to maintain its suspension of Russia "unfair". "This is unpleasant news," Vladimir Putin's spokesman Dmitry Peskov told journalists. "We do not agree with this decision, we beli
Published 17 Nov, 2017 12:00am
Aussie up, kiwi struggles

Aussie up, kiwi struggles

The Australian dollar bounced from near five-month lows on Thursday as a mostly upbeat employment report triggered a round of short-covering, while its New Zealand counterpart extended its recent decline. The Australian dollar was holding on at $0.7596, a
Published 17 Nov, 2017 12:00am
Sterling extends gains but outlook clouded
Currency

Sterling extends gains but outlook clouded

Sterling rose against the dollar on Thursday an initiative by European Central Bank President Donald Tusk on Brexit negotiations was taken as mildly positive, on a day when currencies mostly stuck to well-worn trading ranges. Tusk will ask British Prime M
Published 17 Nov, 2017 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

The Sri Lankan rupee closed higher on Thursday, helped by exporter dollar conversions, but expectations of higher seasonal imports and a pickup in motor vehicle buying after taxes were slashed in last week's budget weighed on the local currency, dealers s
Published 17 Nov, 2017 12:00am
Most Asian currencies weaken
Currency

Most Asian currencies weaken

Most Asian currencies weakened on Thursday as the US dollar firmed, boosted by solid US data though its gains were capped by doubts over the prospects for US tax reform. Data out on Wednesday showed that US underlying consumer prices rose in October, supp
Published 17 Nov, 2017 12:00am
Yuan eases
Currency

Yuan eases

China's yuan eased on Thursday, on course for its worst day in nearly two weeks due to heavy corporate demand for the dollar. The US currency was largely steady in global markets as doubts over the progress of US tax reforms offset solid inflation data. P
Published 17 Nov, 2017 12:00am
Dollar steadies in NY after solid US data
Currency

Dollar steadies in NY after solid US data

The dollar trimmed losses against a basket of major currencies on Wednesday, after data showed an uptick in underlying inflation as well as a surprise rise in retail sales last month, cementing expectations for an interest rate hike in December. Underlyin
Published 17 Nov, 2017 12:00am
Early trade in NY: dollar steadies against basket of currencies
Exchange

Early trade in NY: dollar steadies against basket of currencies

The US dollar steadied against a basket of major currencies on Thursday after rebounding from a more than three-week low in the previous session as risk appetite improved, though concerns over the passage of a US tax revamp kept gains in check. The dollar
Published 17 Nov, 2017 12:00am
Dollar bounces from four-week lows in Europe
Currency

Dollar bounces from four-week lows in Europe

The dollar rebounded from four-week lows against the yen on Thursday, as global markets regained some of their risk appetite after a sharp sell-off in stocks and the greenback - and heavy flows into safe-haven assets - over the past week. With share price
Published 17 Nov, 2017 12:00am
Dollar on back foot in Asian trade
Currency

Dollar on back foot in Asian trade

The dollar was on the defensive on Thursday as doubts for the prospects of US tax reforms, a fall in US stocks, and declining high-yield bond prices all soured the mood, offsetting an uptick in underlying US inflation. The dollar index stood at 93.891, af
Published 17 Nov, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 81.15-81.15 (previous 81.15-81.15).
Published 17 Nov, 2017 12:00am
FTSE rebounds as earnings in focus, GKN tumbles

FTSE rebounds as earnings in focus, GKN tumbles

The UK's top share index shrugged off weakness from oil stocks on Thursday as a handful of earnings updates were in focus, though GKN plunged on uncertainty following the ditching of its CEO designate. The FTSE was up 0.2 percent at 7,386.94 points at its
Published 17 Nov, 2017 12:00am
Southeast Asian markets: Indonesia snaps six days of falls

Southeast Asian markets: Indonesia snaps six days of falls

Indonesian shares climbed more than 1 percent on Thursday, snapping six straight sessions of declines, ahead of a central bank policy meeting, while Philippine stocks gave up early gains to close lower. Bank Indonesia is widely expected to keep its key in
Published 17 Nov, 2017 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares ended 0.3 percent higher on Thursday, drawing strength from Santos Ltd which spiked to its highest in more than a year after turning down a takeover bid, prompting speculation of a new offer. The S&P/ASX 200 index gained 0.2 percent or 9
Published 17 Nov, 2017 12:00am
Recovery rally for European stocks leaves oil sector behind

Recovery rally for European stocks leaves oil sector behind

European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a market-wide sell-off made a comeback, though oil was a weak spot. The pan-European STOXX 600 index climbed 0
Published 17 Nov, 2017 12:00am
Tokyo stocks rally

Tokyo stocks rally

Tokyo stocks rallied on Thursday in line with a broad Asian advance, as bargain-buyers moved in to help the market recover from a six-day losing streak.
Published 17 Nov, 2017 12:00am
China blue-chips move higher

China blue-chips move higher

China's blue-chip index snapped a two-day losing streak on Thursday, aided by strong gains in consumer and real estate firms. The blue-chip CSI300 index rose 0.8 percent, to 4,105.01 points, while the Shanghai Composite Index shed 0.1 percent to 3,399.25
Published 17 Nov, 2017 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong stocks firmed on Thursday, helped by index heavyweight Tencent Holdings, which climbed to a record closing high after posting solid third-quarter results. The Hang Seng index rose 0.6 percent, to 29,018.76 points, while the China Enterprises Ind
Published 17 Nov, 2017 12:00am
Treasury yield curve flattest in 10 years

Treasury yield curve flattest in 10 years

The gap between US short-dated and long-dated US Treasury yields contracted to its tightest in a decade after data showed a pickup in US underlying inflation and an unexpected rise in retail sales, as the market priced in further interest rate hikes next
Published 17 Nov, 2017 12:00am
Treasury yield curve flattest in 10 years

Treasury yield curve flattest in 10 years

The gap between US short-dated and long-dated US Treasury yields contracted to its tightest in a decade after data showed a pickup in US underlying inflation and an unexpected rise in retail sales, as the market priced in further interest rate hikes next
Published 17 Nov, 2017 12:00am
Indian shares rise

Indian shares rise

Indian shares snapped three straight sessions of losses, aided by gains in banking and IT stocks, while refiners such as Reliance Industries Ltd surged on a drop in oil prices. The BSE index ended 1.06 percent higher at 33,106.82, while the broader NSE in
Published 17 Nov, 2017 12:00am
Wall Street falls as energy tracks oil lower; tech weighs
Exchange

Wall Street falls as energy tracks oil lower; tech weighs

US stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500. Oil prices fell for a fourth session after data showed an
Published 17 Nov, 2017 12:00am
Apparent state support aids Saudi index, Qatar blue chips rebound
Cotton

Apparent state support aids Saudi index, Qatar blue chips rebound

Saudi Arabia's stock market closed flat on Thursday, apparently in response to buying by state-linked funds, while Qatar rebounded from a six-year low as blue chips regained strength. The Saudi index spent most of the day lower and was down as much as 0.9
Published 17 Nov, 2017 12:00am
US industrial output surges as hurricane-related disruptions fade

US industrial output surges as hurricane-related disruptions fade

US industrial production recorded its biggest increase in six months in October as the drag from hurricane-related disruptions unwound, but the underlying growth trend in output at the nation's factories, mines and utility plants remained moderate.
Published 17 Nov, 2017 12:00am
Siemens faces German union showdown over layoffs

Siemens faces German union showdown over layoffs

Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly outspoken against the plans.
Published 17 Nov, 2017 12:00am
Wal-Mart shares rise despite 3Q earnings plunge

Wal-Mart shares rise despite 3Q earnings plunge

Wal-Mart Stores raised its full-year profit projection Thursday, sending share prices higher despite reporting a plunge in third-quarter earnings due to one-time costs. The world's biggest retailer continued its strong performance in the US market, where
Published 17 Nov, 2017 12:00am
Australia jobless rate lowest since 2013

Australia jobless rate lowest since 2013

Australian employment rose for a 13th straight month in October, the longest stretch of gains since the early 1990s, while the jobless rate dipped to its lowest in over 4-1/2 years. Thursday's figures from the Australian Bureau of Statistics showed 3,700
Published 17 Nov, 2017 12:00am
China imposes new rules on policy banks to curb risks

China imposes new rules on policy banks to curb risks

China has set new rules to curb risks at its policy banks, stepping up oversight of the country's financial system as Beijing looks to avert a feared debt crisis in the world's number two economy. For the first time, the China Banking Regulatory Commissio
Published 17 Nov, 2017 12:00am
UK retailers on weak footing before Christmas

UK retailers on weak footing before Christmas

Britain's retailers have begun the fourth quarter on a weak footing before the busy Christmas period, official data showed Thursday, but analysts expressed cautious optimism. Sales rose just 0.3 percent in October from the previous month, buoyed partly by
Published 17 Nov, 2017 12:00am
Volkswagen China to invest billions in new energy cars

Volkswagen China to invest billions in new energy cars

Volkswagen will invest more than 10 billion euros ($12 billion) along with its partners in China to build new energy vehicles in the country, the company said on Thursday. Volkswagen is also establishing a new joint venture with state-owned JAC Motors to
Published 17 Nov, 2017 12:00am
Qatar sets $200 minimum wage as part of labour overhaul

Qatar sets $200 minimum wage as part of labour overhaul

Qatar has set a temporary minimum wage for migrant workers worth around $200 a month, its labour minister said Thursday, a benchmark reform following widespread criticism of Doha's preparations for the 2022 World Cup. Issa al-Nuaimi told AFP that the "tem
Published 17 Nov, 2017 12:00am
J.P Morgan says fears Brexit day upheaval if UK clearing houses cut off

J.P Morgan says fears Brexit day upheaval if UK clearing houses cut off

Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior JPMorgan bank official said on Wednesday. Sally Dewar, international head of regulatory affairs at the US bank, said that wi
Published 17 Nov, 2017 12:00am
Turkish unemployment dips

Turkish unemployment dips

Turkey's unemployment rate edged down to 10.6 percent in the July-September period from 10.7 percent a month earlier and compared with 11.3 percent a year earlier, data from the Turkish Statistical Institute (TUIK) showed on Wednesday. The non-agricultura
Published 17 Nov, 2017 12:00am
Colombia's economy grew 2 percent in Q3

Colombia's economy grew 2 percent in Q3

Colombia's economy expanded 2 percent in the third quarter compared with the same period last year, the government said on Wednesday, as tepid growth continues. The Andean country has spent two years grappling with the fallout from a recent decline in oil
Published 17 Nov, 2017 12:00am
Japan Motegi eyes higher productivity, wages to end deflation risk

Japan Motegi eyes higher productivity, wages to end deflation risk

Japan's economy minister says policy needs to focus on raising productivity and wages to ensure an escape from deflation as the government prepares to announce a stimulus package next month. The economy, in the midst of its longest unbroken run of growth
Published 17 Nov, 2017 12:00am
Indonesia holds rates, flags still soft growth
Currency

Indonesia holds rates, flags still soft growth

Indonesia's central bank on Thursday held its key policy rate unchanged for a second month, keeping its focus on maintaining financial stability despite sluggish growth in the third quarter. Southeast Asia's biggest economy is expected to grow 5.1 percent
Published 17 Nov, 2017 12:00am
World has racked up 7,000 protectionist measures since crisis

World has racked up 7,000 protectionist measures since crisis

The world's top 60 economies have adopted more than 7,000 protectionist trade measures on a net basis since the financial crisis and tariffs are now worth more than $400 billion, a study of gloobal data showed on Wednesday The research, which drew from Wo
Published 17 Nov, 2017 12:00am
Glencore offers Chad new plan to repay more than $1 billion loan
Exchange

Glencore offers Chad new plan to repay more than $1 billion loan

Commodities trader Glencore has offered Chad a grace period from principal repayments on a more than $1 billion cash-for-crude loan and extended the deadline for full repayment to 2025 from 2022, a letter seen by Reuters showed. The central African nation
Published 17 Nov, 2017 12:00am
Israeli economy rebounds in Q3, grows 4.1 percent

Israeli economy rebounds in Q3, grows 4.1 percent

Israel's economy grew at an annualised 4.1 percent in the third quarter of 2017, bouncing back after a surprisingly sluggish first half on big gains in exports, consumer spending and industrial investment. After a 4 percent spurt last year, Israel was for
Published 17 Nov, 2017 12:00am
Cotton prices sharply decline
Cotton

Cotton prices sharply decline

After maintaining an upward drive since the beginning of this month, cotton prices declined sharply during this week. Traders said in Karachi that the spinners had built up reasonable reserves of cotton, both from the domestic and foreign suppliers, so th
Published 17 Nov, 2017 12:00am
Cotton prices sharply decline
Cotton

Cotton prices sharply decline

After maintaining an upward drive since the beginning of this month, cotton prices declined sharply during this week. Traders said in Karachi that the spinners had built up reasonable reserves of cotton, both from the domestic and foreign suppliers, so th
Published 17 Nov, 2017 12:00am
Volume of business falls ahead of PCGA report
Cotton

Volume of business falls ahead of PCGA report

Volume of business slowed down on Thursday ahead of the Pakistan Cotton Ginners Association (PCGA) report, dealers said. The official spot rate halted further erosion, holding overnight level at Rs 6400, they said. In the ready session, over 13,000 bales
Published 17 Nov, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 187,762 tonnes of cargo comprising 141,684 tonnes of import cargo and 46,078 tonnes of export cargo including 5,706 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 17 Nov, 2017 12:00am
CBOT wheat futures rise

CBOT wheat futures rise

Chicago Board of Trade soft red winter wheat futures rose for the third time in four sessions on Tuesday, with a round of short-covering underpinning prices, traders said. A falling dollar, which makes US wheat relatively less expensive to overseas buyers
Published 17 Nov, 2017 12:00am
CBOT soyabean futures drop

CBOT soyabean futures drop

Chicago Board of Trade soyabean futures weakened for the third time in four sessions on Tuesday on forecasts for favourable growing weather in Brazil, traders said. The benchmark CBOT January soyabean futures contract firmed early but failed to hold suppo
Published 17 Nov, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,080. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.415 billion and the number of lots traded was 11,300. Major business was contributed by gold a
Published 17 Nov, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Nov, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 17 Nov, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Nov, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 17 Nov, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 16, 2017).
Published 17 Nov, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 16, 2017).

Published 17 Nov, 2017 12:00am
Pakistan LNG import project consortium folds: shipping company

Pakistan LNG import project consortium folds: shipping company

A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France's Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Thursday. Hoegh LNG was due to supply the project's s
Published 17 Nov, 2017 12:00am
Pakistan LNG import project consortium folds: shipping company

Pakistan LNG import project consortium folds: shipping company

A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France's Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Thursday. Hoegh LNG was due to supply the project's s
Published 17 Nov, 2017 12:00am
Pakistan LNG import project consortium folds: shipping company

Pakistan LNG import project consortium folds: shipping company

A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil, France''s Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Thursday. Hoegh LNG was due to supply the project''s
Published 17 Nov, 2017 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange on Thursday turned bullish on the back of fresh buying at attractive levels. BRIndex100 gained 23.17 points or 0.53 percent to close at 4,363.97 points. BRIndex100 touched intraday high of 4,369.48 and intraday low of 4,340.68 poin
Published 17 Nov, 2017 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange on Thursday turned bullish on the back of fresh buying at attractive levels. BRIndex100 gained 23.17 points or 0.53 percent to close at 4,363.97 points. BRIndex100 touched intraday high of 4,369.48 and intraday low of 4,340.68 poin
Published 17 Nov, 2017 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange on Thursday turned bullish on the back of fresh buying at attractive levels. BRIndex100 gained 23.17 points or 0.53 percent to close at 4,363.97 points. BRIndex100 touched intraday high of 4,369.48 and intraday low of 4,340.68 poin
Published 17 Nov, 2017 12:00am
FO seeks resumption of strategic dialogue with US
Exchange

FO seeks resumption of strategic dialogue with US

Seeking resumption of Strategic Dialogue to enhance cooperation between Pakistan and the US, Foreign Office Thursday said that the two countries are engaged in a comprehensive dialogue to bridge the gap between perceptions of the two countries on differen
Published 17 Nov, 2017 12:00am
FO seeks resumption of strategic dialogue with US
Exchange

FO seeks resumption of strategic dialogue with US

Seeking resumption of Strategic Dialogue to enhance cooperation between Pakistan and the US, Foreign Office Thursday said that the two countries are engaged in a comprehensive dialogue to bridge the gap between perceptions of the two countries on differen
Published 17 Nov, 2017 12:00am
Funeral prayer of 15 Buleda victims offered

Funeral prayer of 15 Buleda victims offered

Funeral prayer of 15 laborers shot dead in Buleda area of Turbat city in Balochistan province was offered here on Thursday. Commander Southern Command Lieutenant General Asim Saleem Bajwa, Chief Minister Balochistan Sanaullah Zehri, and people from other
Published 17 Nov, 2017 12:00am
Funeral prayer of 15 Buleda victims offered

Funeral prayer of 15 Buleda victims offered

Funeral prayer of 15 laborers shot dead in Buleda area of Turbat city in Balochistan province was offered here on Thursday. Commander Southern Command Lieutenant General Asim Saleem Bajwa, Chief Minister Balochistan Sanaullah Zehri, and people from other
Published 17 Nov, 2017 12:00am
NA passes bill on delimitation of Constituencies

NA passes bill on delimitation of Constituencies

The National Assembly (NA) on Thursday passed "The Constitutional (Amendment) Bill, 2017" with more than a two-third majority for delimitation of constituencies and reallocation of NA seats on the basis of provisional census results and also unanimously p
Published 17 Nov, 2017 12:00am
NA passes bill on delimitation of Constituencies

NA passes bill on delimitation of Constituencies

The National Assembly (NA) on Thursday passed "The Constitutional (Amendment) Bill, 2017" with more than a two-third majority for delimitation of constituencies and reallocation of NA seats on the basis of provisional census results and also unanimously p
Published 17 Nov, 2017 12:00am
NAB asks government to place Dar's name on ECL

NAB asks government to place Dar's name on ECL

National Accountability Bureau (NAB) on Thursday asked the Ministry of Interior to place the name of Finance Minister Ishaq Dar on exit control list (ECL) after an accountability court issued non-bailable arrest warrants against him. An official of NAB sa
Published 17 Nov, 2017 12:00am
NAB asks government to place Dar's name on ECL

NAB asks government to place Dar's name on ECL

National Accountability Bureau (NAB) on Thursday asked the Ministry of Interior to place the name of Finance Minister Ishaq Dar on exit control list (ECL) after an accountability court issued non-bailable arrest warrants against him. An official of NAB sa
Published 17 Nov, 2017 12:00am
IS has lost 95 percent of its 'caliphate': US-led coalition

IS has lost 95 percent of its 'caliphate': US-led coalition

The Islamic State group has lost 95 percent of the cross-border "caliphate" it declared three years ago in Iraq and Syria, the US-led coalition fighting it has said. "Since our coalition was formed in 2014, ISIS has lost 95 percent of the territory it onc
Published 17 Nov, 2017 12:00am
'Untold thousands' will die unless Saudis lift Yemen blockade: UN

'Untold thousands' will die unless Saudis lift Yemen blockade: UN

Thousands of civilians will die, including many children, unless a Saudi-led coalition fully lifts a blockade that has "choked off" aid supplies to Yemen, the heads of three UN agencies said Thursday. "Together, we issue another urgent appeal for the coal
Published 17 Nov, 2017 12:00am
Trump presses Congress on tax cuts, skepticism persists

Trump presses Congress on tax cuts, skepticism persists

President Donald Trump was headed to the US Capitol Thursday to rally skeptical lawmakers behind his effort to overhaul America's tax code, as he seeks to lock down a first major legislative win by year's end. The House of Representatives votes on its ver
Published 17 Nov, 2017 12:00am
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