BR100 Increased By (0.18%)
BR30 Decreased By (-0.03%)
KSE100 Increased By (0.16%)
KSE30 Increased By (0.26%)
BECO 5.58 Decreased By ▼ -0.07 (-1.24%)
BML 61.22 Decreased By ▼ -2.66 (-4.16%)
BOP 33.68 Increased By ▲ 0.01 (0.03%)
CNERGY 8.08 Decreased By ▼ -0.06 (-0.74%)
DCL 11.64 Increased By ▲ 0.26 (2.28%)
FCCL 52.14 Decreased By ▼ -0.13 (-0.25%)
FCSC 5.63 Increased By ▲ 0.13 (2.36%)
FFL 18.01 Increased By ▲ 0.29 (1.64%)
FNEL 1.35 Increased By ▲ 0.04 (3.05%)
HUMNL 11.04 Decreased By ▼ -0.14 (-1.25%)
KEL 7.84 Decreased By ▼ -0.02 (-0.25%)
KOSM 5.73 Increased By ▲ 0.09 (1.6%)
MLCF 86.51 Increased By ▲ 0.91 (1.06%)
NBP 184.30 Increased By ▲ 0.68 (0.37%)
PACE 11.65 Decreased By ▼ -0.03 (-0.26%)
PAEL 39.96 Decreased By ▼ -0.31 (-0.77%)
PIAHCLA 25.67 Decreased By ▼ -0.13 (-0.5%)
PIBTL 17.27 Increased By ▲ 0.23 (1.35%)
PPL 222.67 Decreased By ▼ -1.39 (-0.62%)
PRL 34.46 Decreased By ▼ -0.16 (-0.46%)
PTC 63.74 Decreased By ▼ -0.25 (-0.39%)
SEARL 90.46 Increased By ▲ 0.37 (0.41%)
SSGC 26.67 Increased By ▲ 0.07 (0.26%)
TELE 8.91 Decreased By ▼ -0.17 (-1.87%)
THCCL 68.47 Increased By ▲ 1.11 (1.65%)
TPLP 11.20 Decreased By ▼ -0.22 (-1.93%)
TREET 24.70 Decreased By ▼ -0.01 (-0.04%)
TRG 70.59 Decreased By ▼ -0.39 (-0.55%)
WAVES 11.11 Increased By ▲ 0.13 (1.18%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2017-12-27
Wall St opens slightly higher
Financial

Wall St opens slightly higher

NEW YORK: Wall Street's main indexes opened slightly higher on Wednesday, helped by gains in healthcare stocks and a sli
Published 27 Dec, 2017 10:07pm
World's top 10 transfers
Football

World's top 10 transfers

LONDON: Liverpool signed Southampton defender Virgil van Dijk for a reported £75 million ($100 million, 84 million euros
Published 27 Dec, 2017 07:03pm
SBP, banks to observe holiday on Jan 1
Top News

SBP, banks to observe holiday on Jan 1

KARACHI: The State Bank of Pakistan will remain closed for public dealing on Monday, January 1, 2018,on account of b
Published 27 Dec, 2017 03:56pm
Herdsmen tame horses
Featured Photos

Herdsmen tame horses

Herdsmen tame horses on a snow-covered pasture in Xilingol, Inner Mongolia Autonomous Region, China.   C
Published 27 Dec, 2017 04:30pm
A Deer
Featured Photos

A Deer

A stag deer stands in the undergrowth in Richmond Park, in west London, Britain, December 27, 2017. Copyright Re
Published 27 Dec, 2017 03:28pm
Nawaz chairs party meeting
Pakistan

Nawaz chairs party meeting

LAHORE: Pakistan Muslim League-Nawaz, President Muhammad Nawaz Sharif on Wednesday chaired a party consultative meet
Published 27 Dec, 2017 12:35pm
Catches a fish
Featured Photos

Catches a fish

A bird catches a fish in Changziying Town of Beijing, capital of China. INP
Published 27 Dec, 2017 01:45pm
Welcome to New Year in Russia
Featured Photos

Welcome to New Year in Russia

Lights and decorations for the New Year are seen at the Red Square in Moscow, Russia. INP
Published 27 Dec, 2017 12:27pm
Bullion rates in Multan
Markets

Bullion rates in Multan

MULTAN: Following are the bullion rates received from markets here on Wednesday. BULLION (PER 10 GRAM) ======
Published 27 Dec, 2017 09:48am
Gas shortages and additions
Oil and Gas

Gas shortages and additions

Low pressure and gas load shedding has been part of the winter season in Pakistan for years now. The complaints have bee
Published 27 Dec, 2017 07:44am
LSM gathering steam
Industry

LSM gathering steam

The LSM is back in action. After seeming to lose steam in September 2017, when the benchmark Large Scale Manufacturing i
Published 27 Dec, 2017 07:43am
Tokyo stocks open lower
Financial

Tokyo stocks open lower

TOKYO: Tokyo stocks opened slightly lower on Wednesday following a dip on Wall Street as trading remained quiet in h
Published 27 Dec, 2017 04:36am
Oil hits 2-1/2 year highs on Libyan pipeline blast

Oil hits 2-1/2 year highs on Libyan pipeline blast

Oil prices touched two-and-a-half year highs in light volume on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary Opec-led supply cuts. Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider por
Published 27 Dec, 2017 12:00am
Soybeans jump on short-covering, LatAm weather

Soybeans jump on short-covering, LatAm weather

US soybean futures jumped 1 percent on Tuesday, heading for their second straight session of gains, as investors bought back short positions amid extended forecasts for warm and dry weather in Argentina, traders said. Wheat futures were narrowly lower and
Published 27 Dec, 2017 12:00am
Rusal launches green aluminium brand to drive sales

Rusal launches green aluminium brand to drive sales

Russian aluminium giant Rusal launched a low-carbon certification programme and new brand in an effort to get more value from the green footprint of its smelters. Some customers are willing to pay $20-$50 a tonne more for low-carbon metal, although no fix
Published 27 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 27 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 27 Dec, 2017 12:00am
Russia rejects concern over election ban on opposition leader

Russia rejects concern over election ban on opposition leader

Russia on Tuesday rejected concerns that the decision to bar opposition leader Alexei Navalny from running against President Vladimir Putin in a March election could undermine the vote's legitimacy. Navalny is seen by many as the only Russian opposition l
Published 27 Dec, 2017 12:00am
British woman sentenced in Egypt

British woman sentenced in Egypt

An Egyptian court sentenced a British woman to three years in prison on Tuesday for smuggling around 300 painkiller tablets into the country, in a ruling her defence team said she would appeal to have overturned or commuted. Laura Plummer, a 33-year-old s
Published 27 Dec, 2017 12:00am
'Forgive me', ex-Peru leader Fujimori says after pardon protests

'Forgive me', ex-Peru leader Fujimori says after pardon protests

Peru's ailing former leader Alberto Fujimori on Tuesday asked the public for forgiveness, two days after receiving a presidential pardon that sparked street protests. "I am aware that the results of my government were well received on one side, but I admi
Published 27 Dec, 2017 12:00am
Tunisian schoolgirls rebel against having to wear uniform

Tunisian schoolgirls rebel against having to wear uniform

In Tunisian high schools, the dress code is not uniform. Actually, it is: but only for girls. Boys can wear what they like, and now the girls are up in arms. One morning, instead of turning up for class wearing the regulation navy blue smock, a defiant gr
Published 27 Dec, 2017 12:00am
Japan Foreign Minister discusses Jerusalem in Jordan

Japan Foreign Minister discusses Jerusalem in Jordan

Japan's Foreign Minister Taro Kono on Tuesday held talks with his Jordanian counterpart, who said Jerusalem's fate should be decided in talks after Washington recognised the city as Israel's capital. The status of the city should be decided "through direc
Published 27 Dec, 2017 12:00am
Kremlin says ready to mediate North Korea-US talks

Kremlin says ready to mediate North Korea-US talks

Russia is ready to act as a mediator between North Korea and the United States if both parties are willing for it to play such a role, the Kremlin said on Tuesday. Moscow has long called for the two sides to hold negotiations aimed at reducing tensions ov
Published 27 Dec, 2017 12:00am
Philippines to sanction firms involved in deadly fire

Philippines to sanction firms involved in deadly fire

The Philippines said on Tuesday it would investigate whether safety regulations were ignored at an office where a fire killed 37 call centre employees, and vowed to impose sanctions if firms had not met standards. The remains of 37 employees of the US-bas
Published 27 Dec, 2017 12:00am
Bangladesh activist arrested on 'anti-Islam' charges

Bangladesh activist arrested on 'anti-Islam' charges

Bangladesh police arrested a 25-year-old social media activist as he tried to leave the country on charges that he defamed Islam and the Prophet Mohammed (SAW), authorities said Tuesday. Immigration police detained Asaduzzaman Noor, known as Asad Noor on
Published 27 Dec, 2017 12:00am
Chinese activist jailed for eight years after major crackdown

Chinese activist jailed for eight years after major crackdown

China sentenced an activist known by the online pseudonym "Super Vulgar Butcher" to eight years in prison Tuesday, one of the harshest punishments meted out to the group of lawyers and activists swept up in a major crackdown on civil society two years ago
Published 27 Dec, 2017 12:00am
Hundreds arrested since Iraqi Kurd protests began

Hundreds arrested since Iraqi Kurd protests began

At least 600 people have been arrested since protests began last week against authorities in Iraqi Kurdistan over corruption and the fallout from a failed independence push, lawmakers said Tuesday. They said hundreds of them were still being held over the
Published 27 Dec, 2017 12:00am
Syria rebels reject Sochi peace initiative

Syria rebels reject Sochi peace initiative

More than three dozen Syrian rebel groups, including influential Islamists, have rejected a Russian-led initiative for talks next month in Sochi on ending Syria's war. Russia and Iran, both key allies of Syria's regime, agreed with opposition backer Turke
Published 27 Dec, 2017 12:00am
Zimbabwe make double strike as De Villiers returns

Zimbabwe make double strike as De Villiers returns

Zimbabwe claimed two wickets in three overs after South Africa made a solid start on the first day of a four-day, day-night Test at St George's Park on Tuesday. South Africa were 96 for two at tea after stand-in captain AB de Villiers won the toss.
Published 27 Dec, 2017 12:00am
Golf: Els receives special invitation to Masters: reports

Golf: Els receives special invitation to Masters: reports

Four-time major champion Ernie Els has received a special exemption to compete in next year's Masters golf tournament, multiple websites reported Monday. Golfweek, Golf Digest and Golf magazine reported that his management had confirmed the 48-year-old So
Published 27 Dec, 2017 12:00am
Football: Kane sets Premier League calendar year goal record

Football: Kane sets Premier League calendar year goal record

Harry Kane set a new record for the most Premier League goals in a calendar year as the Tottenham forward scored for the 37th time in 2017. Kane's 22nd minute header against Southampton at Wembley on Tuesday took him past Alan Shearer's previous record, w
Published 27 Dec, 2017 12:00am
NBA: Warriors down Cavaliers while Thunder, Wizards win

NBA: Warriors down Cavaliers while Thunder, Wizards win

Kevin Durant scored 25 points, Klay Thompson added 24 and both made crucial plays in the final seconds Monday, lifting the NBA champion Golden State Warriors over Cleveland 99-92. In a Christmas rematch of the NBA Finals that marked their third consecutiv
Published 27 Dec, 2017 12:00am
West Indies batsmen blamed for another series loss to New Zealand

West Indies batsmen blamed for another series loss to New Zealand

The West Indies were again left searching for ways to handle New Zealand's bowlers after crumbling to a 66-run defeat in the third one-day international in Christchurch on Tuesday. The comprehensive win in a rain-abbreviated match extended New Zealand's u
Published 27 Dec, 2017 12:00am
Warner century after no-ball reprieve hands Australia solid start

Warner century after no-ball reprieve hands Australia solid start

David Warner posted a century after a no-ball reprieve and skipper Steve Smith was on track for four straight Boxing Day tons as Australia made a solid start to the fourth Ashes Test against England on Tuesday. Warner received a massive let-off on 99 to c
Published 27 Dec, 2017 12:00am
Teammates and rivals marvel at 'freakish' Smith

Teammates and rivals marvel at 'freakish' Smith

David Warner says in-form Steve Smith is a freakish talent while England's leading bowler James Anderson says the Australia skipper is in the form of his life. Smith was well on the way to posting his fourth consecutive century in the showpiece Boxing Day
Published 27 Dec, 2017 12:00am
Israelis seek compensation after Saudi chess snub

Israelis seek compensation after Saudi chess snub

The Israel Chess Federation said Tuesday it is seeking compensation from the organisers of a tournament in Saudi Arabia, after the Gulf state refused to issue visas for its players. The King Salman World Rapid and Blitz Championships is the first internat
Published 27 Dec, 2017 12:00am
Mexico steps up currency hedge auctions to ease pressure on peso
Currency

Mexico steps up currency hedge auctions to ease pressure on peso

Mexico's central bank sold an additional $500 million in foreign exchange hedges on Tuesday to support the peso after the currency fell last week against the dollar on uncertainty over the economic outlook in 2018. On Friday, the peso MXN=D2 hit its lowes
Published 27 Dec, 2017 12:00am
Russian rouble climbs to three-month peak vs dollar
Currency

Russian rouble climbs to three-month peak vs dollar

The Russian rouble firmed to a three-month peak against the dollar in light trade on Tuesday, supported by month-end tax payments and high oil prices. At 0735 GMT, the rouble gained 0.5 percent to 57.67 against the dollar after briefly touching its strong
Published 27 Dec, 2017 12:00am
Sri Lankan rupee closes firmer on weak demand for dollar
Currency

Sri Lankan rupee closes firmer on weak demand for dollar

The Sri Lankan rupee closed firmer on Tuesday as exporter dollar sales and inward remittances surpassed demand for the US currency from importers, dealers said. The Central Bank on Tuesday said it has received $292.1 million in first payment from the leas
Published 27 Dec, 2017 12:00am
China's yuan retreats from 3-1/2-month high
Currency

China's yuan retreats from 3-1/2-month high

China's yuan pulled back from 3-1/2-month highs against the dollar on Tuesday morning, as an initial boost from a stronger midpoint gave way to rising corporate demand for dollars. Overall, the dollar was broadly steady against its major trading partners
Published 27 Dec, 2017 12:00am
Sudan to devalue pound currency to 18 per dollar in January
Currency

Sudan to devalue pound currency to 18 per dollar in January

Sudan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of 6.7, the finance minister said on Tuesday. The International Monetary Fund urged Sudan earlier this month to float its currency to boost growth
Published 27 Dec, 2017 12:00am
Bitcoin holds overnight gains after last week's rout
Currency

Bitcoin holds overnight gains after last week's rout

Bitcoin held its overnight gains in early US trading on Tuesday as the world's biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013. At 8:33 am (1333 GMT), the digital currency was last up almost 10 percen
Published 27 Dec, 2017 12:00am
Saudi, Egypt outperform in weak region

Saudi, Egypt outperform in weak region

Saudi Arabia's stock market rose in a mostly weak Gulf region on Tuesday after data showed deflationary pressure on the economy easing, while Egypt also gained but trading volume remained very low because of the end-of-year holiday period. The Saudi index
Published 27 Dec, 2017 12:00am
Sri Lankan stocks hit near two-week closing high
Currency

Sri Lankan stocks hit near two-week closing high

Sri Lankan shares touched a near two-week closing high on Tuesday, as investors picked up banking and diversified stocks, with muted trading as investors went on holiday in the Christmas week. Investors were also waiting for direction on interest rates wh
Published 27 Dec, 2017 12:00am
Philippines aims for panda, global bond issues in early 2018

Philippines aims for panda, global bond issues in early 2018

The Philippines' planned issuance of $200 million worth of yuan-denominated panda bonds has been rescheduled for the first quarter of 2018, the country's finance minister said on Wednesday. The government, which was previously looking to launch its maiden
Published 27 Dec, 2017 12:00am
Philippines aims for panda, global bond issues in early 2018

Philippines aims for panda, global bond issues in early 2018

The Philippines' planned issuance of $200 million worth of yuan-denominated panda bonds has been rescheduled for the first quarter of 2018, the country's finance minister said on Wednesday. The government, which was previously looking to launch its maiden
Published 27 Dec, 2017 12:00am
China stocks rise, led by financials and property firms
Exchange

China stocks rise, led by financials and property firms

China stocks ended firmer on Tuesday, led by financial and real estate firms, though trading was thin as year-end nears. At the close, the Shanghai Composite index was up 25.43 points or 0.78 percent at 3,305.89. The blue-chip CSI300 index was up 0.31 per
Published 27 Dec, 2017 12:00am
Springer Nature asks J.P Morgan, Morgan Stanley to organise IPO

Springer Nature asks J.P Morgan, Morgan Stanley to organise IPO

SpringerNature, the publisher of science magazines Nature and Scientific American, has asked JP Morgan and Morgan Stanley to organise a potential 4-5 billion euro stock market listing next year, people close to the matter said. The SpringerNature joint ve
Published 27 Dec, 2017 12:00am
Springer Nature asks J.P Morgan, Morgan Stanley to organise IPO

Springer Nature asks J.P Morgan, Morgan Stanley to organise IPO

SpringerNature, the publisher of science magazines Nature and Scientific American, has asked JP Morgan and Morgan Stanley to organise a potential 4-5 billion euro stock market listing next year, people close to the matter said. The SpringerNature joint ve
Published 27 Dec, 2017 12:00am
Futures slip as oil edges lower

Futures slip as oil edges lower

Canadian stock futures were lower on Tuesday as oil slipped on concerns that the looming restart of a North Sea oil pipeline would offset support from Opec-led supply cuts. March futures on the S&P TSX index were down 0.07 percent at 7:15 am ET. The North
Published 27 Dec, 2017 12:00am
Canadian waste management firm GFL plans C$1 billion IPO

Canadian waste management firm GFL plans C$1 billion IPO

Private equity-backed Canadian waste management company GFL Environmental Inc is seeking to raise as much as C$1 billion ($778 million) in an initial public offering that could be filed as early as the first quarter, people familiar with the situation tol
Published 27 Dec, 2017 12:00am
Canadian waste management firm GFL plans C$1 billion IPO

Canadian waste management firm GFL plans C$1 billion IPO

Private equity-backed Canadian waste management company GFL Environmental Inc is seeking to raise as much as C$1 billion ($778 million) in an initial public offering that could be filed as early as the first quarter, people familiar with the situation tol
Published 27 Dec, 2017 12:00am
Wall Street set to open lower as Apple, chipmakers weigh
Currency

Wall Street set to open lower as Apple, chipmakers weigh

US stocks were set to open lower on Tuesday in thin trading volume following the Christmas holiday as losses in Apple and a bunch of chipmakers weighed. Apple's shares fell 2.6 percent to $170.47 in premarket trading after Taiwan's Economic Daily reported
Published 27 Dec, 2017 12:00am
Nikkei slips in thin holiday trade

Nikkei slips in thin holiday trade

Japan's Nikkei share average slipped on Tuesday, confined in a tight range amid a paucity of catalysts from other markets, while gains in Takashimaya on upbeat earnings lifted retailers. The Nikkei ended the day 0.2 percent lower at 22,892.69 amid low tra
Published 27 Dec, 2017 12:00am
Indian shares end at record highs

Indian shares end at record highs

Indian shares ended at all-time highs on Tuesday, fuelled by gains in telecom stocks after Reliance Communications Ltd revealed a new debt-reduction plan with no write-offs. The benchmark BSE index breached the 34,000-mark for the first time and ended 0.2
Published 27 Dec, 2017 12:00am
Keppel bribery fine puts spotlight on peer Sembcorp, shares slide?

Keppel bribery fine puts spotlight on peer Sembcorp, shares slide?

Singapore oil rig builder Keppel Corp's agreement to pay a $422 million fine to resolve charges that it bribed Brazilian officials, including people at state-owned oil company Petrobras, sent its shares tumbling and also triggered a decline in the stock p
Published 27 Dec, 2017 12:00am
Japan's households open their wallets, BOJ seen keeping stimulus

Japan's households open their wallets, BOJ seen keeping stimulus

Japan's households spent more than expected in November while consumer inflation ticked up and the jobless rate hit a fresh 24-year low, offering the central bank some hope an economic recovery will drive up inflation to its 2 percent target. But the incr
Published 27 Dec, 2017 12:00am
Chinese court auctions skyscraper for $84 million

Chinese court auctions skyscraper for $84 million

A Chinese court is auctioning a skyscraper on the country's largest e-commerce website - with a sky-high starting price of 553 million yuan ($84.2 million). The 39-floor building in Taiyuan, northern Shanxi province, along with the land on which it sits,
Published 27 Dec, 2017 12:00am
China November ethanol imports second highest this year

China November ethanol imports second highest this year

China bought 6,466 cubic metres of ethanol in November, second highest this year, with shipments from Pakistan continuing to arrive and dominate the trade, customs data showed on Tuesday. Almost all of the shipments - 6,449 cubic metres - were from Pakist
Published 27 Dec, 2017 12:00am
China halts oil product exports to North Korea in November

China halts oil product exports to North Korea in November

China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to limit petroleum shipments to the isolated country. Tensions hav
Published 27 Dec, 2017 12:00am
Russia holds steady as China's largest crude supplier for ninth month

Russia holds steady as China's largest crude supplier for ninth month

Russia held on as China's largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data showed on Tuesday. Shipments from Russia in November reached 5.12 million tonnes, or 1.26 mi
Published 27 Dec, 2017 12:00am
Singapore Q4 GDP growth seen slowing from blistering Q3 pace
Exchange

Singapore Q4 GDP growth seen slowing from blistering Q3 pace

Singapore's economy is expected to have lost some steam in the fourth quarter, but may show enough momentum to keep alive expectations of a monetary policy tightening next year. Gross domestic product (GDP) in the October-December quarter is expected to g
Published 27 Dec, 2017 12:00am
France to probe Lactalis baby milk salmonella scare

France to probe Lactalis baby milk salmonella scare

French prosecutors have opened a probe into salmonella contamination and a major international recall of baby milk produced by dairy giant Lactalis, a legal source told AFP on Tuesday. The investigation will focus on possible charges of causing involuntar
Published 27 Dec, 2017 12:00am
Turkish capacity usage falls to 79.0 percent in December

Turkish capacity usage falls to 79.0 percent in December

The Turkish manufacturing industry's capacity utilisation rate fell to 79.0 percent in December from 79.9 percent a month earlier, data from the central bank showed on Tuesday. The rate is a measure of how much of the economy's potential output is being u
Published 27 Dec, 2017 12:00am
Japan jobless rate lowest since 1993

Japan jobless rate lowest since 1993

Japan's unemployment rate in November dipped to its lowest level since November 1993, official data showed Tuesday, offering another sign that the world's third-largest economy is on track to recovery even if the pace is slow. Figures released by the gove
Published 27 Dec, 2017 12:00am
Oman opens sprawling oryx reserve to ecotourists

Oman opens sprawling oryx reserve to ecotourists

The Gulf sultanate of Oman is looking to carve itself a new niche in ecotourism by opening up a sanctuary for one of the desert's most fabled creatures - the Arabian oryx. Once extinct in the wild, the rare member of the antelope family famed for its eleg
Published 27 Dec, 2017 12:00am
Air Berlin collapse added to Lufthansa's Q4 revenues

Air Berlin collapse added to Lufthansa's Q4 revenues

Lufthansa expects the collapse of smaller peer Air Berlin to have helped add around 150 million euros to its fourth-quarter revenues, Chief Executive Carsten Spohr told a German newspaper. But he also said the added sales were offset by considerable addit
Published 27 Dec, 2017 12:00am
Air Berlin collapse added to Lufthansa's Q4 revenues

Air Berlin collapse added to Lufthansa's Q4 revenues

Lufthansa expects the collapse of smaller peer Air Berlin to have helped add around 150 million euros to its fourth-quarter revenues, Chief Executive Carsten Spohr told a German newspaper. But he also said the added sales were offset by considerable addit
Published 27 Dec, 2017 12:00am
TAP pipeline on course for first gas to Italy in early 2020

TAP pipeline on course for first gas to Italy in early 2020

The Trans Adriatic Pipeline (TAP) taking gas from Azerbaijan to Europe will pump the first gas into Italy at the start of 2020 despite local protests against the 4.5 billion euro ($5.3 billion) project, the TAP president told Reuters. "We are on track to
Published 27 Dec, 2017 12:00am
TAP pipeline on course for first gas to Italy in early 2020

TAP pipeline on course for first gas to Italy in early 2020

The Trans Adriatic Pipeline (TAP) taking gas from Azerbaijan to Europe will pump the first gas into Italy at the start of 2020 despite local protests against the 4.5 billion euro ($5.3 billion) project, the TAP president told Reuters. "We are on track to
Published 27 Dec, 2017 12:00am
Kazakhstan says it may appeal ruling over $22.6 billion frozen assets

Kazakhstan says it may appeal ruling over $22.6 billion frozen assets

Kazakhstan's government and central bank may appeal a judgment by a British court in an effort to regain access to $22.6 billion in National Fund assets frozen by Bank of New York Mellon, the Kazakh Justice Ministry said on Saturday. In a rare move relate
Published 27 Dec, 2017 12:00am
Kazakhstan says it may appeal ruling over $22.6 billion frozen assets

Kazakhstan says it may appeal ruling over $22.6 billion frozen assets

Kazakhstan's government and central bank may appeal a judgment by a British court in an effort to regain access to $22.6 billion in National Fund assets frozen by Bank of New York Mellon, the Kazakh Justice Ministry said on Saturday. In a rare move relate
Published 27 Dec, 2017 12:00am
South African discount tycoon says Steinhoff, Shoprite tie-up "natural"

South African discount tycoon says Steinhoff, Shoprite tie-up "natural"

It would be a "natural development" for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African tycoon Christo Wiese told Reuters, sending shares in the grocery group surging 4 percent. Wiese is the la
Published 27 Dec, 2017 12:00am
Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

One of Russia's biggest oil companies, Tatneft, has been doing business in Crimea despite the risk of being placed on a US sanctions blacklist, according to company documents and a source close to Tatneft. Most big Russian oil firms pulled out of Crimea a
Published 27 Dec, 2017 12:00am
US FOB Gulf SRW wheat bids lower as demand weak

US FOB Gulf SRW wheat bids lower as demand weak

Basis bids for soft red winter wheat shipped by barge to the US Gulf Coast were steady to lower on Friday as higher futures prices this week weakened demand for US export shipments, traders said. FOB basis offers for SRW wheat loaded at the Gulf were unch
Published 27 Dec, 2017 12:00am
Selective buying seen on cotton market
Cotton

Selective buying seen on cotton market

Selective buying was witnessed on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 7000, they said. In ready session, around 18,000 bales of cotton changed hands between Rs 6650-7500, they sa
Published 27 Dec, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 332,030 tonnes of cargo comprising 259,341 tonnes of import cargo and 72,689 tonnes of export cargo including 3,527 loaded and empty containers during the last 48 hours ending at 0700 hours on Tuesday. The total import cargo of 25
Published 27 Dec, 2017 12:00am
US natural gas futures jump after 10-month low

US natural gas futures jump after 10-month low

US natural gas futures rose nearly 3 percent on Friday, a day after hitting a 10-month low, as forecasts for colder weather through early January were expected to boost heating demand. After closing lower in the three previous sessions, front-month gas fu
Published 27 Dec, 2017 12:00am
CBOT soyabean futures rise

CBOT soyabean futures rise

Chicago Board of Trade soyabean futures rose for the first time in seven sessions on Friday in a short-covering bounce from earlier three-month lows and ahead of the long Christmas holiday weekend. Markets closed early on Friday and will remain closed on
Published 27 Dec, 2017 12:00am
Euronext wheat futures edge higher
Exchange

Euronext wheat futures edge higher

Euronext wheat futures edged higher on Friday in thin pre-holiday trade with an easing in the euro and overnight gains in Chicago encouraging the market to hold chart support. March milling wheat, the most active contract on the Paris-based Euronext excha
Published 27 Dec, 2017 12:00am
CBOT corn futures up

CBOT corn futures up

Chicago Board of Trade corn futures rose to a 1-1/2 week high on Friday on short-covering ahead of the Christmas holiday weekend, notching the first weekly gain in three weeks. Bargain-buying after corn futures fell to contract lows last week also continu
Published 27 Dec, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,161. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.416 billion and the number of lots traded was 5,587.
Published 27 Dec, 2017 12:00am
CBOT wheat futures fall on profit-taking

CBOT wheat futures fall on profit-taking

Chicago Board of Trade wheat futures declined for the first time in seven sessions on Friday, pressured by profit-taking ahead of the long Christmas holiday weekend, but posted a weekly gain for the first time in three weeks. Markets closed early on Frida
Published 27 Dec, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter (HRW) wheat were unchanged in the southern US Plains on Friday and inactive leading into the Christmas holiday weekend, dealers said. The Chicago Board of Trade's K.C. March HRW wheat futures contract at 10:53 am CST (1
Published 27 Dec, 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 27 Dec, 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 27 Dec, 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 Tuesday (December 26, 2017).

Published 27 Dec, 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 Tuesday (December 26, 2017).

Published 27 Dec, 2017 12:00am
Previous Day