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Archive - 2018-02-22
Painting
Featured Photos

Painting

Visitors takes interest in painting exhibition at Hamail art gallery.   INP  
Published 22 Feb, 2018 09:55pm
Hyperloop in Dubai
Featured Photos

Hyperloop in Dubai

Roads and Transport Authority (RTA) unveil the design model of the hyperloop in Dubai, United Arab Emirates February
Published 22 Feb, 2018 07:03pm
Pak Forex figures $18.829bn
Top News

Pak Forex figures $18.829bn

KARACHI: Total liquid foreign exchange reserves of the country stands at dollars 18.829 billion. According to a weekl
Published 22 Feb, 2018 03:51pm
Mitchell's Fruit Farms Limited
Mutual Funds

Mitchell's Fruit Farms Limited

Mitchell's Fruit Farms Limited (PSX: MFFL) is the oldest food company in Pakistan. Established in 1933 by Francis J. Mitchell under the name of Indian Mildura Fruit Farms Limited, the company's name was changed "MITCHELL'S Fruit Farms Ltd", after the inde
Updated 22 Feb, 2018 12:50pm
Cloudy weather forecast
General News

Cloudy weather forecast

BAHAWALPUR: The local Met Office has forecast partly cloudy weather with chances of rain for the metropolis during next
Published 22 Feb, 2018 09:17am
The tale of twin deficit
Banking

The tale of twin deficit

The current account deficit stood at $1.6 billion in Jan - third highest ever in the history of the country. No wonder t
Updated 22 Feb, 2018 08:11am
PAKT: a roller-coaster ride
Industry

PAKT: a roller-coaster ride

After posting impressive financials in CY16, the tobacco giant couldn’t repeat the feat in CY17. But Pakistan Tobacco (P
Published 22 Feb, 2018 05:54am
Entire nation stands behind judiciary: JI chief

Entire nation stands behind judiciary: JI chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the judiciary must perform its duties in accordance with the oath of their office and should not be cowed down or care for those who were fighting for their personal ends.
Published 22 Feb, 2018 12:00am
Highest standards of transparency being maintained: minister

Highest standards of transparency being maintained: minister

Provincial Minister for Planning & Development Malik Nadeem Kamran has said that the Punjab government is observing the highest standards of transparency, economic uplift and efficient public spending. He was addressing a balloting ceremony of RIMS and Am
Published 22 Feb, 2018 12:00am
LHC stays educators' appointment in four districts

LHC stays educators' appointment in four districts

The Lahore High Court on Wednesday stayed process for the appointment of educators in four districts of Punjab and sought written reply from the education department by March 5. Several candidates questioning eligibility criteria for educators alleged it
Published 22 Feb, 2018 12:00am
Mitchell's Fruit Farms Limited
Mutual Funds

Mitchell's Fruit Farms Limited

Mitchell's Fruit Farms Limited (PSX: MFFL) is the oldest food company in Pakistan. Established in 1933 by Francis J. Mitchell under the name of Indian Mildura Fruit Farms Limited, the company's name was changed "MITCHELL'S Fruit Farms Ltd", after the inde
Published 22 Feb, 2018 12:00am
Back to square one, or worse?
Exchange

Back to square one, or worse?

Pakistan is currently passing through the most difficult and challenging phases of its economic history. There has been a dramatic change in Pakistan's economic landscape since 2007-08. As the Pakistani economy slid downward, International Financial Insti
Published 22 Feb, 2018 12:00am
US MIDDAY: gold steadies
Currency

US MIDDAY: gold steadies

Gold steadied on Wednesday after its biggest one-day slide in 2-1/2 months as investors awaited Federal Reserve policy meeting minutes for clues on the outlook for US interest rates. Prices edged off lows as the dollar pared early gains against the euro,
Published 22 Feb, 2018 12:00am
US MIDDAY: soyabeans, corn up

US MIDDAY: soyabeans, corn up

US soyabean futures on Wednesday rose for the sixth time in seven sessions while corn futures edged higher on expectations that a drought-reduced crop in Argentina would buoy demand for US supplies. Gains were limited by plentiful global supplies and stro
Published 22 Feb, 2018 12:00am
Gold soars in Europe
Exchange

Gold soars in Europe

Gold steadied on Wednesday after its biggest one-day slide in 2-1/2 months as investors awaited Federal Reserve policy meeting minutes for clues on the outlook for US interest rates. Prices edged off lows as the dollar pared early gains against the euro,
Published 22 Feb, 2018 12:00am
Gold down in Asia

Gold down in Asia

Gold prices hit their lowest in a week on Wednesday as the dollar steadied after a recovery from last week's three-year low, while investors awaited the minutes of the US Federal Reserve's last policy meeting for clues on the pace of interest rate hikes t
Published 22 Feb, 2018 12:00am
Gold falls in New York

Gold falls in New York

Gold prices were pressured by a stronger US dollar and rising interest rates on Tuesday, dropping for a third session, but were underpinned by political worries and uncertainty about this week's huge US bond auctions. The dollar continued its rebound from
Published 22 Feb, 2018 12:00am
Arabica coffee falls to two-month low, sugar edges up

Arabica coffee falls to two-month low, sugar edges up

Arabica coffee futures fell to a two-month low on Wednesday, weakened by technically-driven selling on the prospect of a large crop in Brazil this year. May arabica coffee was down 0.40 cents, or 0.3 percent, at $1.1930 per lb at 1525 GMT after dipping to
Published 22 Feb, 2018 12:00am
Production fall stirs buying interest in palm oil
Vegetable Oil

Production fall stirs buying interest in palm oil

Malaysian palm oil futures rose marginally on Wednesday as lower production numbers stirred some interest despite slower buying from India capping the gains. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was u
Published 22 Feb, 2018 12:00am
Tokyo rubber gains for third session
Exchange

Tokyo rubber gains for third session

Benchmark Tokyo rubber futures rose for a third straight session on Wednesday, continuing to rebound from an eight-month low hit last week, on the back of a weaker yen against the dollar, brokers said. TOCOM prices have fallen 10 percent this year amid wo
Published 22 Feb, 2018 12:00am
Oil largely steady amid forecast of US crude build, stronger dollar

Oil largely steady amid forecast of US crude build, stronger dollar

Oil prices were little changed on Wednesday ahead of data expected to show rising crude inventories in the United States and as the dollar strengthened from last week's three-year lows. Brent crude futures settled 17 cents, or 0.3 percent, higher at $65.4
Published 22 Feb, 2018 12:00am
Russian oil product exports from Black Sea port 'collapse'

Russian oil product exports from Black Sea port 'collapse'

Shipments of oil products from a Russian Black Sea port, hit by a managerial conflict, have "collapsed", Russian oil pipeline monopoly Transneft said on Wednesday. A Transneft spokesman said as many as six tankers have been held up at the port of Novoross
Published 22 Feb, 2018 12:00am
Copper steadies after hitting one-week low on dollar gains
Exchange

Copper steadies after hitting one-week low on dollar gains

Copper steadied on Wednesday after hitting a one-week low earlier in the session as investors moved into the safety of the dollar before the release of the minutes from the US Federal Reserve's most recent policy meeting. The dollar hit a one-week high ve
Published 22 Feb, 2018 12:00am
Argentina soybean harvest could be less than 50 million tonnes
Exchange

Argentina soybean harvest could be less than 50 million tonnes

Argentina could harvest fewer than 50 million tonnes of soybeans in the 2017-18 crop year, the lead analyst at the Rosario grains exchange told Reuters on Wednesday, as a prolonged drought looks set to continue harming yields. No significant rains are exp
Published 22 Feb, 2018 12:00am
Red Cross wants access to treat Syria enclave wounded

Red Cross wants access to treat Syria enclave wounded

The Red Cross demanded access Wednesday to a rebel-held enclave near Damascus where Syrian jets have been raining bombs in a four-day blitz that has killed more than 300 civilians. The United Nations chief Antonio Guterres described the death and devastat
Published 22 Feb, 2018 12:00am
Germany's Bild under pressure over 'fake news'
Exchange

Germany's Bild under pressure over 'fake news'

Germany's biggest-selling daily Bild came under pressure on Wednesday after a satirical magazine claimed it made up emails published by the newspaper that suggested Russian meddling in German politics. Bild on Friday ran a story "New dirty campaign at the
Published 22 Feb, 2018 12:00am
US envoys want UN to back Trump's Mideast peace plan: diplomats

US envoys want UN to back Trump's Mideast peace plan: diplomats

President Donald Trump's two top envoys on the Middle East told UN Security Council ambassadors that they hope for their support for the upcoming peace plan, diplomats said. Jason Greenblatt, the US envoy for Middle East peace, and Jared Kushner, Trump's
Published 22 Feb, 2018 12:00am
Canada does not back separatists, Trudeau tells India minister

Canada does not back separatists, Trudeau tells India minister

Canadian Prime Minister Justin Trudeau on Wednesday sought to dispel perceptions his administration is too close to Sikh separatists, officials said, a controversy that has overshadowed his trip to India. Trudeau's visit has been dogged by claims he has b
Published 22 Feb, 2018 12:00am
Tourists stranded as cyclone's tail hits New Zealand

Tourists stranded as cyclone's tail hits New Zealand

Up to 1,000 tourists were stranded in New Zealand's Golden Bay Wednesday after the remnants of Cyclone Gita buffeted the South Pacific nation, officials said. Authorities said they were considering sending ferries to ship the holiday-makers out of the rem
Published 22 Feb, 2018 12:00am
Mali blast kills two French soldiers

Mali blast kills two French soldiers

Two soldiers from France's counter-terrorism force in West Africa were killed and another was hurt Wednesday when their vehicle struck a mine in northeast Mali. The French army said the attack took place near Mali's borders with Niger and Burkina Faso, a
Published 22 Feb, 2018 12:00am
Bank blast kills two, injures 11 in northern Myanmar

Bank blast kills two, injures 11 in northern Myanmar

Two people were killed and 11 wounded when a bomb exploded Wednesday at a bank in northern Myanmar, officials said, amid continuing violence despite a fraught peace process. The bomb went off in the town of Lashio in Shan state, which has seen several eth
Published 22 Feb, 2018 12:00am
More than 100 girls 'missing' after Boko Haram school attack

More than 100 girls 'missing' after Boko Haram school attack

More than 100 girls were missing on Wednesday, police said, two days after a Boko Haram attack on their school in northeast Nigeria that has raised fears of a repeat of the 2014 Chibok kidnapping that shocked the world. Islamist militants stormed the Gove
Published 22 Feb, 2018 12:00am
India police arrest pair over rape of mentally ill woman

India police arrest pair over rape of mentally ill woman

Indian police said Wednesday they have arrested two men over the gang rape of a mentally ill woman in West Bengal state who required surgery after enduring the violent assault. The 27-year-old woman remains in a critical condition after being abducted Sat
Published 22 Feb, 2018 12:00am
Florida students turn up heat on lawmakers for gun action

Florida students turn up heat on lawmakers for gun action

Student survivors of the Florida school shooting that saw 17 people killed in a hail of bullets last week descended on the state capital Wednesday to ramp up the pressure on lawmakers to enact tougher gun control measures. Holding signs reading "Never Aga
Published 22 Feb, 2018 12:00am
North Korea cancelled planned meeting with US VP Pence
Exchange

North Korea cancelled planned meeting with US VP Pence

US Vice President Mike Pence was scheduled to meet with North Korean officials, including leader Kim Jong Un's sister, while in South Korea for the Winter Olympics this month but the North Koreans cancelled at the last minute, U.S. officials said on Tuesd
Published 22 Feb, 2018 12:00am
Three home games for growing PSL lift hopes for 2019 return

Three home games for growing PSL lift hopes for 2019 return

The Pakistan Super League launches its third edition in Dubai on Thursday, adding a sixth team, more international stars and with hopes that the Twenty20 tournament can be staged entirely on home soil from 2019. The new Multan Sultans and the confirmation
Published 22 Feb, 2018 12:00am
Lahore Qalandars Chris Lynn ruled out of PSL-III

Lahore Qalandars Chris Lynn ruled out of PSL-III

Lahore Qalandars on Wednesday suffered a blow as Australian batsman Chris Lynn was ruled out of the third edition of the Pakistan Super League (PSL). Lynn suffered a shoulder injury during T20I against New Zealand. "Chris Lynn will return to Brisbane for
Published 22 Feb, 2018 12:00am
Two more matches decided in Aibak Polo Cup

Two more matches decided in Aibak Polo Cup

Newage/BJJ Pipes, Army and Barry's carved out contrastive victories in the Huaneng Shandong Ruyi Aibak Polo Cup 2018 matches played here at the Lahore Polo Club (LPC) ground on Wednesday. The first encounter of the day was contested between Newage/BBJ Pip
Published 22 Feb, 2018 12:00am
Australia down New Zealand in T20 final, take No 1 ranking

Australia down New Zealand in T20 final, take No 1 ranking

Australia cruised to a 19-run victory in a rain-affected T20 tri-series final with New Zealand Wednesday to claim the world number one ranking in the shortest form of the game for the first time. New Zealand struggled to 150 for nine after electing to bat
Published 22 Feb, 2018 12:00am
Pliskova, Kerber set up battle of former number ones in Dubai
Kerb

Pliskova, Kerber set up battle of former number ones in Dubai

Former top-ranked players Karolina Pliskova and Angelique Kerber advanced to set up a battle of ex-number ones in the quarter-finals of the Dubai Championships on Wednesday. Czech Pliskova, the third seed, beat Carla Suarez Navarro 5-7, 6-2, 6-4, while Ge
Published 22 Feb, 2018 12:00am
Badminton ace Lee was approached by match-fixer: report

Badminton ace Lee was approached by match-fixer: report

Lee Chong Wei has revealed he once rejected an offer by a match-fixer and said he was "ashamed" two fellow Malaysian badminton players were under investigation over alleged fixing, a report said Wednesday. World number two Lee said he was approached a few
Published 22 Feb, 2018 12:00am
Syahrin chosen as Malaysia's first MotoGP rider

Syahrin chosen as Malaysia's first MotoGP rider

Hafizh Syahrin will become Malaysia's first full-time MotoGP competitor after Yamaha Tech3 announced him on Wednesday as the team's second rider for the 2018 season. The 23-year-old Syahrin replaces Germany's Jonas Folger, who was ruled out of the upcomin
Published 22 Feb, 2018 12:00am
Zagitova, 15, smashes skate record as Bjoergen makes history

Zagitova, 15, smashes skate record as Bjoergen makes history

Fifteen-year-old Alina Zagitova stole the show in figure skating on Wednesday as American skier Lindsey Vonn took bronze in her final Olympic downhill and Norway's Marit Bjoergen became the most successful athlete in Winter Games history.
Published 22 Feb, 2018 12:00am
Finland beats Russians for women's Olympic hockey bronze

Finland beats Russians for women's Olympic hockey bronze

Finland defeated the Olympic Athletes from Russia 3-2 to take the Pyeongchang Winter Olympic women's hockey bronze medal on Wednesday. Petra Nieminen put Finland on top just 2:23 into the game and Susanna Tapani doubled the lead 10 seconds into the second
Published 22 Feb, 2018 12:00am
Russia pays $15 millions Olympic doping fine

Russia pays $15 millions Olympic doping fine

Russia has paid the $15 million it was fined in December when it was suspended by the International Olympic Committee for mass doping, a source with knowledge of the issue told AFP Wednesday. "The fine has been paid," the source said.
Published 22 Feb, 2018 12:00am
Messi ends Chelsea drought to give Barcelona last-16 edge

Messi ends Chelsea drought to give Barcelona last-16 edge

Chelsea manager Antonio Conte rued one costly mistake as Lionel Messi gave Barcelona the upper hand from the first leg of their Champions League last-16 tie by salvaging a 1-1 draw at Stamford Bridge. Messi struck for the first time in nine games against
Published 22 Feb, 2018 12:00am
Tight supply, rising prices undercut on US home sales

Tight supply, rising prices undercut on US home sales

US home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market.
Published 22 Feb, 2018 12:00am
Japan to buy at least 20 more F-35A stealth fighters

Japan to buy at least 20 more F-35A stealth fighters

Japan plans to buy at least 20 additional F-35A stealth fighters over the next six years, some or all of which it may purchase directly from Lockheed Martin Corp in the United States rather than assemble locally, three sources said.
Published 22 Feb, 2018 12:00am
China remains Germany's biggest trading partner in 2017

China remains Germany's biggest trading partner in 2017

China was Germany's top trading partner again in 2017, steaming past the United States for the second consecutive year, official German data showed on Wednesday. The trade figures also showed that Germany exported less to Britain last year, a trend that t
Published 22 Feb, 2018 12:00am
Volkswagen workers secure big pay bump

Volkswagen workers secure big pay bump

Workers at the world's largest carmaker Volkswagen said Wednesday they had secured a big pay bump, in line with the rest of Germany's powerful metalworking sector. "After a long night of talks we've achieved a result employees at Volkswagen can be very ha
Published 22 Feb, 2018 12:00am
Eurozone businesses lose some steam but are still fired up
Currency

Eurozone businesses lose some steam but are still fired up

Eurozone business growth remained robust this month, with companies at their most optimistic in more than five years, a private-sector survey showed, despite indications higher prices and a stronger currency were taking a toll. The euro zone emerged as on
Published 22 Feb, 2018 12:00am
Broadcom lowers offer for Qualcomm

Broadcom lowers offer for Qualcomm

Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm's increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in
Published 22 Feb, 2018 12:00am
EU hits car transporters with 395 million euro antitrust fine

EU hits car transporters with 395 million euro antitrust fine

The EU on Wednesday hit four maritime car transporters with a 395-million-euro fine as well as slapping penalties on auto parts manufacturers including Germany's Bosch and Continental. An investigation by the bloc found that Chilean carrier CSAV, Japan's
Published 22 Feb, 2018 12:00am
Lloyds profits surge as bank builds on recovery

Lloyds profits surge as bank builds on recovery

Lloyds Banking Group on Wednesday said that its net profit soared 52 percent last year, when the UK lender returned fully to the private sector following a state bailout. LBG, which was financially rescued by the UK government following the height of the
Published 22 Feb, 2018 12:00am
UK jobless rate rises unexpectedly, wage growth steady

UK jobless rate rises unexpectedly, wage growth steady

Britain's jobless rate rose for the first time in almost two years at the end of 2017 and pay growth remained modest, keeping the Bank of England waiting for an acceleration in wages that would justify a new interest rate hike. British government bond pri
Published 22 Feb, 2018 12:00am
Australian wages creep up in Q4

Australian wages creep up in Q4

Australian wages rose a fraction faster last quarter but private-sector growth stayed near historic lows as penny-pinching by business became an ever-greater deadweight on consumer spending and inflation. The local dollar eased 0.1 percent to $0.7874 as t
Published 22 Feb, 2018 12:00am
South Africa hikes sales tax in 'tough' post-Zuma budget

South Africa hikes sales tax in 'tough' post-Zuma budget

South Africans were hit by the first sales tax increase since apartheid when the country's finance minister delivered a tough budget on Wednesday, dampening optimism spurred by the country's new reformist president. President Cyril Ramaphosa took over las
Published 22 Feb, 2018 12:00am
Glencore, Lloyds lift FTSE as investors hail earnings

Glencore, Lloyds lift FTSE as investors hail earnings

Britain's FTSE 100 outperformed its European peers on Wednesday as solid earnings from Glencore and Lloyds gave a boost to miners and financial shares, helping lift the blue-chip index into positive territory after earlier losses. The FTSE closed 0.48 per
Published 22 Feb, 2018 12:00am
Southeast Asian stocks end higher

Southeast Asian stocks end higher

Most Southeast Asian stock markets ended in positive territory on Wednesday, with Singapore recording its best close since early February led by financials. Asian peers gained while the dollar advanced as traders' near-term focus shifted to the minutes of
Published 22 Feb, 2018 12:00am
European shares recoup losses as miners, financials rise

European shares recoup losses as miners, financials rise

European shares closed in positive territory on Wednesday, recouping earlier losses as Wall Street opened higher and upbeat earnings published by Lloyds and Glencore gave a boost to financial stocks and miners. New business activity data from the euro are
Published 22 Feb, 2018 12:00am
Hong Kong stocks soar

Hong Kong stocks soar

Hong Kong's main Hang Seng index ended firmer on Wednesday, tracking gains in Asian markets and ahead of the reopening of mainland China markets the next day. China's H-shares index also closed up. At close of trade, the Hang Seng index was up 558.26 poin
Published 22 Feb, 2018 12:00am
Australian shares flat

Australian shares flat

Australian shares finished flat for a second consecutive session on Wednesday, as losses in BHP , the country's biggest company by market capitalisation, offset gains in consumer staples and real estate stocks. The S&P/ASX 200 index ticked up 0.1 percent
Published 22 Feb, 2018 12:00am
Emaar Properties lifts Gulf laggard Dubai

Emaar Properties lifts Gulf laggard Dubai

A wave of buying in beaten down blue-chip stock Emaar Properties boosted the Dubai market on Wednesday while most of the region traded quietly in modest volumes. Dubai's index firmed by 0.5 percent, but remains the Gulf's worst-performing index this year
Published 22 Feb, 2018 12:00am
Treasury yields increase on supply worries

Treasury yields increase on supply worries

US Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a four-year peak as investors made room for this week's deluge of $258 billion of government debt supply. The Treasury Department has ramped up its borrowing on the open mar
Published 22 Feb, 2018 12:00am
Treasury yields increase on supply worries

Treasury yields increase on supply worries

US Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a four-year peak as investors made room for this week's deluge of $258 billion of government debt supply. The Treasury Department has ramped up its borrowing on the open mar
Published 22 Feb, 2018 12:00am
Sri Lankan stocks hit over three-month high

Sri Lankan stocks hit over three-month high

Sri Lankan shares ended higher for a fifth straight session on Wednesday led by bluechips on hopes of political stability after two key parties decided to remain in the ruling coalition, allaying fears of a government collapse. The Colombo stock index end
Published 22 Feb, 2018 12:00am
Dow, S&P snap winning streak as Walmart weighs
Exchange

Dow, S&P snap winning streak as Walmart weighs

The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark. Walmart, the world's biggest brick-and-mortar retai
Published 22 Feb, 2018 12:00am
Tokyo stocks up

Tokyo stocks up

Tokyo stocks inched up on Wednesday as market sentiment revived moderately thanks to a weaker yen against the dollar. The benchmark Nikkei 225 index rose 0.21 percent or 45.71 points to close at 21,970.81 but the broader Topix index lost 0.05 percent or 0
Published 22 Feb, 2018 12:00am
Indian shares up
Currency

Indian shares up

Indian shares ended higher on Wednesday, snapping three sessions of losses, as IT stocks such as HCL Technologies Ltd and ITC Ltd gained. The benchmark BSE index closed up 0.42 percent at 33,844.86, while the broader NSE index ended 0.36 percent higher at
Published 22 Feb, 2018 12:00am
Aussie lower

Aussie lower

The Australian dollar inched lower on Wednesday after a muted reading on wages underlined the negligible chance of a rate rise anytime soon, just hours before the Federal Reserve was expected to talk up the prospect of more U.S hikes. The Aussie eased 0.2
Published 22 Feb, 2018 12:00am
Sterling dips
Currency

Sterling dips

Sterling edged down against the dollar on Wednesday, as traders held their breath ahead of British average earnings data, which if robust will reinforce bets on a Bank of England rate hike in May. Market have moved to price in around a 70 percent chance o
Published 22 Feb, 2018 12:00am
Canadian dollar hits 12-day low
Currency

Canadian dollar hits 12-day low

The Canadian dollar weakened to a nearly two-week low against its US counterpart on Wednesday as oil prices fell and the greenback made broader gains. The price of oil, one of Canada's major exports, was weighed down by an expected rise in US crude produc
Published 22 Feb, 2018 12:00am
Asian forex: most Asian currencies weaken
Exchange

Asian forex: most Asian currencies weaken

Most Asian currencies edged lower on Wednesday as the dollar was bolstered by rising US Treasury yields and optimism ahead of Federal Reserve' last policy meeting minutes, to be released later in the day. The dollar index was up 0.2 percent at 89.686. It
Published 22 Feb, 2018 12:00am
Sri Lankan rupee up

Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Wednesday as exporter dollar sales outweighed importer demand for the greenback on hopes that political stability would resume after coalition partners agreed to continue with a cabinet reshuffle. The rupee en
Published 22 Feb, 2018 12:00am
Dollar rises against basket of currencies in New York
Exchange

Dollar rises against basket of currencies in New York

The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, helped by rising US Treasury yields and as some traders trimmed overstretched bets against the US currency.
Published 22 Feb, 2018 12:00am
Euro falls in Europe as dollar recovers
Currency

Euro falls in Europe as dollar recovers

The euro edged lower on Wednesday as the dollar built on its recovery from last week's three-year lows, with higher Treasury yields supporting the greenback ahead of minutes of the Federal Reserve's most recent policy meeting. The single currency fell 0.2
Published 22 Feb, 2018 12:00am
Dollar up in Asia
Currency

Dollar up in Asia

The dollar inched higher on Wednesday as the near-term focus shifted to the minutes of the Federal Reserve's last policy meeting for hints on the future pace of US monetary tightening. The dollar index rose 0.1 percent to 89.805, which was up about 1.8 pe
Published 22 Feb, 2018 12:00am
CBOT soya futures jump on damaging Argentina drought

CBOT soya futures jump on damaging Argentina drought

Chicago Board of Trade soyabean futures jumped on Tuesday on spillover strength from soyameal, which rallied to a 19-month high on a damaging drought in Argentina, traders said. CBOT March soyabeans finished 5 cents higher at $10.26-1/2 a bushel after tra
Published 22 Feb, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday to a nearly three-month high, helped by a weaker Canadian dollar and strength in US soya markets. March canola added $2.20 to end at $505.30 per tonne. May canola gained $3.10 to $511.30 per tonne. It touched $5
Published 22 Feb, 2018 12:00am
Cotton prices rise on modest business
Cotton

Cotton prices rise on modest business

Some leading spinners showed interest in fresh buying of quality lint on the cotton market on Wednesday, which helped prices to recoup early losses, dealers said. The official spot rate managed to keep last level at Rs 6,900, they added. In Sindh and the
Published 22 Feb, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 190,092 tonnes of cargo comprising 118,469 tonnes of import cargo and 71,623 tonnes of export cargo including 9,315 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 22 Feb, 2018 12:00am
European gasoline margins rise

European gasoline margins rise

The gasoline barge crack in northwest Europe rose on Tuesday as seasonal refinery maintenance is set to ramp up in next month. A recent uptick in margins was largely due to west African demand but more refineries are due to start maintenance in March into
Published 22 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 on slowing Malaysian palm oil export growth, which also weighed on futures. Asking prices for palm oil were between $2.50 and $10 a tonne lower after Malaysian palm oil futures closed between
Published 22 Feb, 2018 12:00am
European wheat hits three-week high on weaker euro
Exchange

European wheat hits three-week high on weaker euro

European wheat futures in Paris rose to a three-week high on Tuesday, supported by the export-boosting weakening of the euro against the dollar, but later gave up most gains as US futures turned lower. May milling wheat on the Paris-based Euronext exchang
Published 22 Feb, 2018 12:00am
Most of Ukraine's grain crops in good condition

Most of Ukraine's grain crops in good condition

Most of Ukraine's winter grain crops are in a good or satisfactory condition as of February 19, thanks to favourable weather, agriculture minister Maksim Martyniuk said on Monday. The percentage of crops in good and satisfactory condition totalled 87 perc
Published 22 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 3,238. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.739 billion and the number of lots traded was 12,107.
Published 22 Feb, 2018 12:00am
CBOT wheat falls on technical selling

CBOT wheat falls on technical selling

Chicago Board of Trade soft red winter wheat futures touched their lowest level in more than a week on Tuesday on technical selling, traders said. CBOT March wheat ended down 8-1/2 cents at $4.49-1/4 a bushel and traded as low as $4.49.
Published 22 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Feb, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 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 22 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 21, 2018).

Published 22 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 21, 2018).

Published 22 Feb, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 21, 2018).
Published 22 Feb, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
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