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Archive - 2018-02-15
Asma Jahangir-Tribute
General News

Asma Jahangir-Tribute

SUKKUR: The Sukkur Press Club (SPC) Thursday paid rich tributes to Asma Jahangir, prominent advocate who breathed her la
Published 15 Feb, 2018 03:57pm
Saudi envoy calls on COAS
General News

Saudi envoy calls on COAS

RAWALPINDI: Ambassador of Kingdom of Saudi Arabia Nawaf Saeed Al-Maliki Thursday met Chief of Army Staff (COAS) General
Published 15 Feb, 2018 03:44pm
ATP Buenos Aires Open results
Sports

ATP Buenos Aires Open results

BUENOS AIRES: Results from the ATP Buenos Aires Open on Wednesday (x denotes seeding):   2nd rd: Guido Pel
Published 15 Feb, 2018 04:25pm
Autos hitting new highs
Automobile

Autos hitting new highs

At the rate we are going, cars and jeeps could cross the 200,000-unit mark by the time we wrap up FY18, while the auto i
Published 15 Feb, 2018 06:24am
Lost in words
Miscellaneous

Lost in words

After over half a decade of negotiations, China appears to have agreed to revise the bilateral trade agreement that alre
Published 15 Feb, 2018 06:22am
Waste of space
Miscellaneous

Waste of space

Fast becoming an urban nightmare, Karachi’s dire governance failures are finally becoming a topic of conversation, even
Published 15 Feb, 2018 06:26am
Dollar steadies in European trade
Currency

Dollar steadies in European trade

The dollar hit a 15-month low against the yen but steadied against the euro on Wednesday, with investors nervous ahead of key US inflation numbers due later amid a fragile recovery in equity markets. The Swedish crown hit a six-day high after the country'
Published 15 Feb, 2018 12:00am
Dollar hits 15-month low against yen in Asia
Currency

Dollar hits 15-month low against yen in Asia

The dollar slid to a 15-month low against the yen on Wednesday, as investors remained on edge ahead of key US inflation numbers later in the day, underscoring fragile risk sentiment following the recent shakeout in equity markets.
Published 15 Feb, 2018 12:00am
MGM China to open mega resort in Macau as high rollers return

MGM China to open mega resort in Macau as high rollers return

MGM China is opening its new multi-billion-dollar mega resort in Macau's glitzy Cotai strip on Tuesday following multiple delays and last-minute hiccups in the government approval process. The launch of the $3.4-billion resort comes as Macau is undergoing
Published 15 Feb, 2018 12:00am
Russia says hackers stole more than $17 millions from its banks in 2017

Russia says hackers stole more than $17 millions from its banks in 2017

Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday. Russia is under intense scrutiny over cyber crime following allegations hackers back
Published 15 Feb, 2018 12:00am
Tokyo fish market move on track

Tokyo fish market move on track

After years of delays, the process of moving Tokyo's world-famous Tsukiji fish market is on track, the city's governor said Tuesday, pledging the site's spirit would not be lost. The grey utilitarian complex at Toyosu is a far cry from the gritty, lively
Published 15 Feb, 2018 12:00am
Turkey to prioritise inflation, current account

Turkey to prioritise inflation, current account

Turkey will prioritise lowering inflation to single digits and keeping the current account deficit under control while advancing reforms to boost growth and make the economy resistant to shocks, Deputy Prime Minister Mehmet Simsek told Reuters. In an inte
Published 15 Feb, 2018 12:00am
Turkey to prioritise inflation, current account

Turkey to prioritise inflation, current account

Turkey will prioritise lowering inflation to single digits and keeping the current account deficit under control while advancing reforms to boost growth and make the economy resistant to shocks, Deputy Prime Minister Mehmet Simsek told Reuters. In an inte
Published 15 Feb, 2018 12:00am
Policymakers endorse reports BoJ Kuroda to get another term
Currency

Policymakers endorse reports BoJ Kuroda to get another term

Japanese Finance Minister Taro Aso said the next central bank governor would need English skills to deal with global financial issues, an endorsement of media reports incumbent Haruhiko Kuroda will be reappointed for a rare second term.
Published 15 Feb, 2018 12:00am
Norway wealth fund tells companies to fight corruption

Norway wealth fund tells companies to fight corruption

Norway's sovereign wealth fund, the world's biggest, on Tuesday told the 9,000 firms that it owns stakes in to boost their anti-corruption measures, including by offering whistleblowers better protection against reprisals. "We expect all companies we are
Published 15 Feb, 2018 12:00am
Australia central bank sees only gradual recovery in wages

Australia central bank sees only gradual recovery in wages

Australia's central bank on Tuesday cautioned that any pick up in wage growth was likely to be slow and protracted, weighing on household incomes and spending power amid high levels of debt. Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis sa
Published 15 Feb, 2018 12:00am
Asian naphtha rises at two sessions high

Asian naphtha rises at two sessions high

Asia's naphtha crack edged higher to a two-session high of $67.05 a tonne on Tuesday, but was still trading at a discount to Brent crude as supplies remained abundant, making it unprofitable to refiners. Naphtha arriving in Asia this month from the West i
Published 15 Feb, 2018 12:00am
Cotton market: steady trend amid increased buying
Cotton

Cotton market: steady trend amid increased buying

Mills' buying improved on the cotton market on Wednesday as prices did not fluctuate sharply in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 7,000, they added. In Sindh, seed cotton prices showed no change at R
Published 15 Feb, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 184,031 tonnes of cargo comprising 102,825 tonnes of import cargo and 81,206 tonnes of export cargo including 6,879 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 15 Feb, 2018 12:00am
EU wheat futures hit two-week high
Exchange

EU wheat futures hit two-week high

European wheat futures hit a two-week high in Paris on Tuesday as a weather-fuelled rally in US prices offset export-punishing strength in the euro. March milling wheat on the Paris-based Euronext exchange was up 0.25 euros or 0.1 percent at 160.50 euros
Published 15 Feb, 2018 12:00am
Palm oil eases on European vegoils market
Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Tuesday due to a technical correction in Malaysian palm oil futures following recent gains. Asking prices for palm oil were between $2.50 and $10 euros per tonne down from Monday after Malaysian palm
Published 15 Feb, 2018 12:00am
Chinese steel, iron ore higher in slow, pre-holiday trade
Exchange

Chinese steel, iron ore higher in slow, pre-holiday trade

Steel and iron ore futures in China edged higher on Tuesday, but gains were capped as trading activity winds down ahead of the week-long Lunar New Year break that kicks off on Thursday. Many traders and some workers at mills in China, the world's top stee
Published 15 Feb, 2018 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures ended slightly lower on Tuesday, pressured by weakness in the wheat market, traders said. Profit taking also weighed on corn after the most-active contract hit its highest since August 16, 2017.
Published 15 Feb, 2018 12:00am
CBOT soyabean futures rise

CBOT soyabean futures rise

Chicago Board of Trade soyabean futures rose on Tuesday on spillover strength from a surging soyameal market, traders said. Concerns that dry conditions in Argentina will limit the size of the harvest there and eat into the country's export program for bo
Published 15 Feb, 2018 12:00am
CBOT wheat futures fall on profit taking

CBOT wheat futures fall on profit taking

US wheat futures weakened on Tuesday, closing near contract lows on a round of profit taking after prices hit six-month high, traders said. MGEX spring wheat notched the biggest decline, sinking 1.4 percent to its lowest in more than a week. Concerns abou
Published 15 Feb, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,201. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.173 billion and the number of lots traded was 5,958. Major business was contributed by gold amou
Published 15 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 Feb, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

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 15 Feb, 2018 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 15 Feb, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (February 14, 2018).

Published 15 Feb, 2018 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 Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 14, 2018).
Published 15 Feb, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Shooter at large after gunfire at Florida school

Shooter at large after gunfire at Florida school

Florida law enforcement officials were searching on Wednesday for the person who opened fire in a high school, killing at least one person, according to local media, which showed dozens students fleeing a building surrounded by police.
Published 15 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Shooter at large after gunfire at Florida school

Shooter at large after gunfire at Florida school

Florida law enforcement officials were searching on Wednesday for the person who opened fire in a high school, killing at least one person, according to local media, which showed dozens students fleeing a building surrounded by police.
Published 15 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Minister warns US over bullying tactics

Minister warns US over bullying tactics

Interior Minister Ahsan Iqbal said that Pakistan wanted to build ties with the US on mutual trust and respect, but efforts to coerce Pakistan will be counterproductive. Iqbal stated this during an interview to CNN's Hannah Vaughan Jones on Tuesday night,
Published 15 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Minister warns US over bullying tactics

Minister warns US over bullying tactics

Interior Minister Ahsan Iqbal said that Pakistan wanted to build ties with the US on mutual trust and respect, but efforts to coerce Pakistan will be counterproductive. Iqbal stated this during an interview to CNN's Hannah Vaughan Jones on Tuesday night,
Published 15 Feb, 2018 12:00am
Exit Control List: NAB for placing names of Nawaz, Maryam, others

Exit Control List: NAB for placing names of Nawaz, Maryam, others

National Accountability Bureau (NAB) on Wednesday recommended placing the names of former Prime Minister Nawaz Sharif, his daughter, two sons and son-in-law on Exit Control List (ECL), as investigations into allegations of corruption and corrupt practices
Published 15 Feb, 2018 12:00am
Exit Control List: NAB for placing names of Nawaz, Maryam, others

Exit Control List: NAB for placing names of Nawaz, Maryam, others

National Accountability Bureau (NAB) on Wednesday recommended placing the names of former Prime Minister Nawaz Sharif, his daughter, two sons and son-in-law on Exit Control List (ECL), as investigations into allegations of corruption and corrupt practices
Published 15 Feb, 2018 12:00am
Article 62(1)(f) case: SC reserves verdict on disqualification period

Article 62(1)(f) case: SC reserves verdict on disqualification period

Supreme Court on Wednesday reserved its judgment on pleas seeking determination whether disqualification of lawmakers under Article 62(1)(f) is for life or time specific. The Article 62(1)(f) of the Constitution states, "A person shall not be qualified to
Published 15 Feb, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Article 62(1)(f) case: SC reserves verdict on disqualification period

Article 62(1)(f) case: SC reserves verdict on disqualification period

Supreme Court on Wednesday reserved its judgment on pleas seeking determination whether disqualification of lawmakers under Article 62(1)(f) is for life or time specific. The Article 62(1)(f) of the Constitution states, "A person shall not be qualified to
Published 15 Feb, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 14, 2018).

Published 15 Feb, 2018 12:00am
Donors pledge $30 billion for Iraq reconstruction

Donors pledge $30 billion for Iraq reconstruction

Governments, global funds, organisations and investors on Wednesday pledged billions of dollars in loans and investment for the reconstruction of Iraq, a nation reeling from a three-year war against the Islamic State group. Donors had pledged $30 billion
Published 15 Feb, 2018 12:00am
Donors pledge $30 billion for Iraq reconstruction

Donors pledge $30 billion for Iraq reconstruction

Governments, global funds, organisations and investors on Wednesday pledged billions of dollars in loans and investment for the reconstruction of Iraq, a nation reeling from a three-year war against the Islamic State group. Donors had pledged $30 billion
Published 15 Feb, 2018 12:00am
Donors pledge $30 billion for Iraq reconstruction

Donors pledge $30 billion for Iraq reconstruction

Governments, global funds, organisations and investors on Wednesday pledged billions of dollars in loans and investment for the reconstruction of Iraq, a nation reeling from a three-year war against the Islamic State group. Donors had pledged $30 billion
Published 15 Feb, 2018 12:00am
BRIndex100 edges down
Exchange

BRIndex100 edges down

Pakistan Stock Exchange Wednesday remained under pressure due to selling in various sectors. BRIndex100 lost 39.74 points or 0.85 percent to close at 4,640.98 points. BRIndex100 touched intraday high of 4,695.59 and intraday low of 4,623.13 points. Volume
Published 15 Feb, 2018 12:00am
BRIndex100 edges down
Exchange

BRIndex100 edges down

Pakistan Stock Exchange Wednesday remained under pressure due to selling in various sectors. BRIndex100 lost 39.74 points or 0.85 percent to close at 4,640.98 points. BRIndex100 touched intraday high of 4,695.59 and intraday low of 4,623.13 points. Volume
Published 15 Feb, 2018 12:00am
BRIndex100 edges down
Exchange

BRIndex100 edges down

Pakistan Stock Exchange Wednesday remained under pressure due to selling in various sectors. BRIndex100 lost 39.74 points or 0.85 percent to close at 4,640.98 points. BRIndex100 touched intraday high of 4,695.59 and intraday low of 4,623.13 points. Volume
Published 15 Feb, 2018 12:00am
FTAs with China, Malaysia accrue little or no benefit

FTAs with China, Malaysia accrue little or no benefit

Ministry of Commerce on Wednesday accepted the responsibility for poor performance with respect to implementing the Strategic Trade Policy Framework (STPF) 2015-18 tailored to achieve $ 35 billion export target by 2017-18. This acknowledgement came at an
Published 15 Feb, 2018 12:00am
FTAs with China, Malaysia accrue little or no benefit

FTAs with China, Malaysia accrue little or no benefit

Ministry of Commerce on Wednesday accepted the responsibility for poor performance with respect to implementing the Strategic Trade Policy Framework (STPF) 2015-18 tailored to achieve $ 35 billion export target by 2017-18. This acknowledgement came at an
Published 15 Feb, 2018 12:00am
FTAs with China, Malaysia accrue little or no benefit

FTAs with China, Malaysia accrue little or no benefit

Ministry of Commerce on Wednesday accepted the responsibility for poor performance with respect to implementing the Strategic Trade Policy Framework (STPF) 2015-18 tailored to achieve $ 35 billion export target by 2017-18. This acknowledgement came at an
Published 15 Feb, 2018 12:00am
SBP announces Modaraba-based ILTFF for exporters

SBP announces Modaraba-based ILTFF for exporters

In order to provide Shariah compliant alternative of conventional Long Term Financing Facility (LTFF) to meet long awaited demand of exporters, State Bank of Pakistan has announced Islamic Long Term Financing Facility (ILTFF) based on Modaraba. State Bank
Published 15 Feb, 2018 12:00am
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