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Archive - 2018-06-08
Readying for the IMF
Miscellaneous

Readying for the IMF

Islamabad economic machinery has seriously started working on structure of a possible IMF programme. The modus operand o
Updated 09 Jun, 2018 07:14am
PML-N most popular political party:Khurram
Pakistan Top News

PML-N most popular political party:Khurram

ISLAMABAD: Pakistan Muslim League Nawaz (PML-N) Senior leader Khurram Dastgir Thursday said the PML-N was most popular p
Published 08 Jun, 2018 08:58am
Autos’ many moving parts
Automobile

Autos’ many moving parts

If history is any guide, consistency in policy has never been a strong suit of subsequent Pakistani governments. Despite
Published 08 Jun, 2018 07:39am
Sluggish refining capacity
Oil and Gas

Sluggish refining capacity

The significant rise in petroleum consumption in the last few years has not been complimented with growth in the local r
Published 08 Jun, 2018 07:31am
LNG prices witness up-tick
Oil and Gas

LNG prices witness up-tick

Demand and supply dynamics in energy markets do not take long to readjust and this is just what’s happened in the Asian
Published 08 Jun, 2018 07:29am
Directions to AC: IHC issues notices to NAB on Nawaz's petition

Directions to AC: IHC issues notices to NAB on Nawaz's petition

A division bench of Islamabad High Court (IHC) Thursday issued notices to the National Accountability Bureau (NAB) on former Prime Minister Nawaz Sharif's petition seeking directions to the Accountability Court to announce verdict simultaneously in three
Published 08 Jun, 2018 12:00am
Trump trade war threat sets up G7 summit clash

Trump trade war threat sets up G7 summit clash

Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron put Donald Trump on notice Thursday that they would not be intimidated at the upcoming G7 summit, as a trade war between Washington and its allies looms. Past summits of the Group
Published 08 Jun, 2018 12:00am
BRIndex100 reverses gains

BRIndex100 reverses gains

Pakistan Stock Exchange witnessed a declining trend as investors opted to book profit on available margins Thursday. BRIndex100 lost 24.11 points or 0.51 percent to close at 4,720.39 points. BRIndex-100 touched intraday high of 4,773.03 and intraday low o
Published 08 Jun, 2018 12:00am
Secret book project: India, Pakistan ex-spies spark furore

Secret book project: India, Pakistan ex-spies spark furore

It began with hushed conversations in hotels dotted around Asia, and resulted in a nearly unthinkable book: "Spy Chronicles", a secret collaboration by former intelligence chiefs of India and Pakistan that has caused uproar in Islamabad.
Published 08 Jun, 2018 12:00am
BRIndex100 reverses gains

BRIndex100 reverses gains

Pakistan Stock Exchange witnessed a declining trend as investors opted to book profit on available margins Thursday. BRIndex100 lost 24.11 points or 0.51 percent to close at 4,720.39 points. BRIndex-100 touched intraday high of 4,773.03 and intraday low o
Published 08 Jun, 2018 12:00am
0.5 million added to gas consumers' category every year, PM told

0.5 million added to gas consumers' category every year, PM told

The Ministry of Petroleum Thursday informed Prime Minister Nasir-ul-Mulk that every year 0.5 million consumers are being added to the existing 8.8 million gas consumers' category in the country. A meeting held to review the performance of Ministry of Petr
Published 08 Jun, 2018 12:00am
BRIndex100 reverses gains

BRIndex100 reverses gains

Pakistan Stock Exchange witnessed a declining trend as investors opted to book profit on available margins Thursday. BRIndex100 lost 24.11 points or 0.51 percent to close at 4,720.39 points. BRIndex-100 touched intraday high of 4,773.03 and intraday low o
Published 08 Jun, 2018 12:00am
Yusuf gets additional charge of IT & Telecom ministry

Yusuf gets additional charge of IT & Telecom ministry

Caretaker Federal Minister for Education and Professional Training Muhammad Yusuf Shaikh has been given additional charge of Ministry of Information Technology and Telecommunication. Caretaker Prime Minister of Pakistan former Justice Nasir-ul-Mulk induct
Published 08 Jun, 2018 12:00am
CJP holds rulers responsible for water crisis

CJP holds rulers responsible for water crisis

As the country is facing a severe water scarcity, Chief Justice Mian Saqib Nisar on Thursday blamed the rulers for the water crisis, saying that they only ask for votes and do not provide basic necessities to the public. While hearing a suo motu notice on
Published 08 Jun, 2018 12:00am
Colombia coffee output up

Colombia coffee output up

Colombia produced 1.18 million 60-kg bags of washed arabica coffee in May, up 32 percent from the same month a year earlier, the National Coffee Growers' Federation said on Tuesday. The federation said the increase was due to delayed flowering on some tre
Published 08 Jun, 2018 12:00am
Nadal completes fightback to reach 11th French Open semis

Nadal completes fightback to reach 11th French Open semis

Rafael Nadal battled back from a set down to beat Diego Schwartzman 4-6, 6-3, 6-2, 6-2 in their rain-interruped French Open quarter-final on Thursday, edging closer to an 11th title in Paris. The world number one was much-improved under the sunshine on Co
Published 08 Jun, 2018 12:00am
US suicide rate on rise

US suicide rate on rise

The suicide rate across the United States has risen 30 percent since 1999, and nearly 45,000 people took their lives in 2016, officials said Thursday. Suicide presents a "growing public health problem," with significant increases in 44 of the 50 states, s
Published 08 Jun, 2018 12:00am
New Zealand cricket coach Hesson quits

New Zealand cricket coach Hesson quits

New Zealand cricket coach Mike Hesson announced Thursday he was quitting, a year out from the World Cup, citing family reasons. During his 6-year tenure, the 43-year-old - described by former captain Brendon McCullum as "the best coach the Blackcaps have
Published 08 Jun, 2018 12:00am
England's Rhodes named new Bangladesh coach

England's Rhodes named new Bangladesh coach

Bangladesh on Thursday named former England Test cricketer Steve Rhodes as head coach, ending a long hunt for a successor to Sri Lankan Chandika Hathurusingha. Rhodes, 53, told reporters in Dhaka that Bangladesh is "a wonderful cricket nation. The support
Published 08 Jun, 2018 12:00am
EU gives Bosnia funds to cope with migrant influx

EU gives Bosnia funds to cope with migrant influx

The European Commission provided Bosnia on Thursday with 1.5 million euros ($1.8 million) to help the impoverished country cope with an influx of migrants passing through on their way towards Western Europe. "The number of refugees and migrants arriving i
Published 08 Jun, 2018 12:00am
Halep into third Roland Garros final

Halep into third Roland Garros final

Top seed Simona Halep reached her third French Open final on Thursday with a 6-1, 6-4 victory over former champion Garbine Muguruza. Halep, the runner-up in 2014 and 2017, will face either Sloane Stephens or Madison Keys in Saturday's final.
Published 08 Jun, 2018 12:00am
Daily Mail editor leaves divisive legacy

Daily Mail editor leaves divisive legacy

A decisive force in the Brexit campaign, Daily Mail editor Paul Dacre leaves behind a divisive legacy as his tenure at the helm of the influential tabloid comes to an end after 26 years. Lord Rothermere, head of the Daily Mail's parent company, called him
Published 08 Jun, 2018 12:00am
Holder, Dowrich rescue West Indies

Holder, Dowrich rescue West Indies

West Indies rode their luck through a challenging first day of the first Test against Sri Lanka to reach 246 for six at stumps at the Queen's Park Oval in Trinidad on Wednesday. A 90-run sixth-wicket partnership between captain Jason Holder and wicketkeep
Published 08 Jun, 2018 12:00am
Facebook blacklists Myanmar hardline Buddhist group

Facebook blacklists Myanmar hardline Buddhist group

Facebook has blacklisted a group of Myanmar Buddhist hardliners including monks notorious for bilious hate speech against Rohingya Muslims, the company said Thursday, as it scrambles to show it is tackling inflammatory content.
Published 08 Jun, 2018 12:00am
US MIDDAY: gold gains

US MIDDAY: gold gains

US dollar weakness helped boost gold prices on Thursday, but gains were limited as the market awaited clues from next week's meeting of the Federal Reserve on the pace of US interest rate rises. Spot gold rose 0.24 percent to $1,299.05 an ounce by 1:34 p.
Published 08 Jun, 2018 12:00am
Steady trend seen on cotton market
Cotton

Steady trend seen on cotton market

With the Eid-ul-Fitr holidays approaching over the next ten days or so, the domestic cotton market is showing a steady condition in ready trade. Now only about 70,000 bales (155 Kgs) from the outgoing crop (August 2017/July 2018) are left unsold with the
Published 08 Jun, 2018 12:00am
US MIDDAY: soyabeans, corn slide
Currency

US MIDDAY: soyabeans, corn slide

US soyabean futures fell about 2 percent on Thursday, with the new-crop November contract dropping below $10 a bushel for the first time in two months, on favorable crop weather and fund-driven long liquidation, analysts said. Corn futures followed soyabe
Published 08 Jun, 2018 12:00am
Steady trend seen on cotton market
Cotton

Steady trend seen on cotton market

With the Eid-ul-Fitr holidays approaching over the next ten days or so, the domestic cotton market is showing a steady condition in ready trade. Now only about 70,000 bales (155 Kgs) from the outgoing crop (August 2017/July 2018) are left unsold with the
Published 08 Jun, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

A weaker dollar helped gold prices to edge higher on Thursday, but gains were limited as the market waited for clues on the pace of US interest rate rises from a meeting of the Federal Reserve next week. Spot gold was up 0.1 percent at $1,297.24 an ounce
Published 08 Jun, 2018 12:00am
CBOT corn futures up on technical bounce

CBOT corn futures up on technical bounce

Chicago Board of Trade corn futures ended higher Tuesday on a technical bounce after the July contract fell to two-month low, traders said. CBOT July corn settled up 3 cents at $3.83-3/4 a bushel after dipping to $3.80, its lowest since March 23.
Published 08 Jun, 2018 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold prices inched up on Thursday as the euro rose to 2-week highs against the U.S dollar, with investors waiting for meetings of key central banks and the US-North Korea summit all due next week. Spot gold was up 0.1 percent at $1,297.46 per ounce by 070
Published 08 Jun, 2018 12:00am
Modest trade activity
Cotton

Modest trade activity

Modest trade activity was seen on the cotton market on Thursday amid arrivals of new crop, dealers said.
Published 08 Jun, 2018 12:00am
Gold flat in New York

Gold flat in New York

Gold prices were steady on Wednesday, see-sawing in a narrow range as a weaker dollar and trade tensions provided support but investor anticipation of a US rate hike from the Federal Reserve next week weighed on prices. Spot gold was flat at $1,295.80 per
Published 08 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 165,900 tonnes of cargo comprising 119,187 tonnes of import cargo and 46,713 tonnes of export cargo including 4,546 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 08 Jun, 2018 12:00am
Raw sugar tumbles on weak Brazil currency, arabica coffee drops
Currency

Raw sugar tumbles on weak Brazil currency, arabica coffee drops

Raw sugar futures on ICE sank more than 3 percent in heavy volume on Thursday, while arabica coffee also dropped, with both markets pressured by the weak currency in top grower Brazil. Cocoa futures extended losses to three-month lows. July raw sugar sett
Published 08 Jun, 2018 12:00am
European gasoline margins weaken on slow exports to US

European gasoline margins weaken on slow exports to US

Benchmark northwest European gasoline refining margins declined on Tuesday as exports to the United States slowed down. Gasoline exports from Europe to the US East Coast remained subdued as supplies in the Atlantic basin were expected to rise, traders sai
Published 08 Jun, 2018 12:00am
Palm oil losses deepen for fourth session
Vegetable Oil

Palm oil losses deepen for fourth session

Malaysian palm oil futures extended losses for a fourth consecutive session on Thursday, hitting their lowest in one month on continued concerns about a weak demand outlook, while declines in Chicago soyabeans also weighed on the market. The palm oil cont
Published 08 Jun, 2018 12:00am
CBOT wheat futures higher on technical bounce

CBOT wheat futures higher on technical bounce

Chicago Board of Trade wheat futures closed higher on Tuesday on a technical bounce a day after the July contract hit a near two-week low, and on worries about stressful crop weather in the Black Sea region, traders said. CBOT July soft red winter wheat s
Published 08 Jun, 2018 12:00am
Egypt to import rice after cutting own cultivation

Egypt to import rice after cutting own cultivation

Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and "control the market," Prime Minister Sherif Ismail said on Tuesday, months after a campaign to cut local production. Egypt slashed cultivation of rice, a water
Published 08 Jun, 2018 12:00am
Colombia coffee output up

Colombia coffee output up

Colombia produced 1.18 million 60-kg bags of washed arabica coffee in May, up 32 percent from the same month a year earlier, the National Coffee Growers' Federation said on Tuesday. The federation said the increase was due to delayed flowering on some tre
Published 08 Jun, 2018 12:00am
Rubber rises for second day

Rubber rises for second day

Benchmark Tokyo rubber futures rose for a second day on Thursday, recovering further from a five-week low hit earlier in the week, as firmer Shanghai futures and rising stocks at home aided gains. The Tokyo Commodity Exchange (TOCOM) rubber contract for N
Published 08 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,490. The traded value of Metals, Energy and COTS/FX was recorded at USD 6.314 billion and the number of lots traded was 11,017.
Published 08 Jun, 2018 12:00am
Oil gains on Venezuela export cuts, Opec production levels

Oil gains on Venezuela export cuts, Opec production levels

Oil prices surged more than $1 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and concerns Opec may not raise production at its meeting this month. Brent crude futures were up $1.48 at $76.84 a barrel by 11:40 a.m. ED
Published 08 Jun, 2018 12:00am
Go trendy with your bracelets and bangles

Go trendy with your bracelets and bangles

Bangles are one of the essential ornaments for women on every festival and occasion. The vivid and colorful bangles add beauty boost to the overall look of women of every age group. Wearing bangles on festivals and occasions is a centuary's old tradition.
Published 08 Jun, 2018 12:00am
South Sudan and Sudan agree to repair damaged oil infrastructure

South Sudan and Sudan agree to repair damaged oil infrastructure

South Sudan said on Thursday it had agreed with its northern neighbour Sudan to repair oil infrastructure facilities destroyed by conflict within three months to boost production in Africa's youngest country. Michael Makuei Lueth, South Sudan's informatio
Published 08 Jun, 2018 12:00am
Copper hits 4-1/2 years peak on Chile supply fears, upbeat risk appetite

Copper hits 4-1/2 years peak on Chile supply fears, upbeat risk appetite

Copper hit a 4-1/2 year high on Thursday, lifted by concerns over the potential for wage negotiations at the world's biggest copper mine to disrupt supply, and by healthy appetite for cyclical assets as stock markets rallied. Union leaders at the Escondid
Published 08 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Jun, 2018 12:00am
US weekly jobless claims drop as labour market picks up steam

US weekly jobless claims drop as labour market picks up steam

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labour market conditions. The robust labour market and firming inflation have cemented expectations the Federal Reserve will raise be
Published 08 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Jun, 2018 12:00am
Amid trade war fears, eurozone growth slowed on lower exports

Amid trade war fears, eurozone growth slowed on lower exports

The eurozone began the year with slower economic growth as fears of a trade war with the United States appeared to take their toll, official data showed on Thursday. The economic slowdown in the 19-country bloc in the first quarter of the year was caused
Published 08 Jun, 2018 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 08 Jun, 2018 12:00am
US household net worth $100 trillion in Q1 2018

US household net worth $100 trillion in Q1 2018

US households added $1 trillion to their wealth in the first three months of this year, boosted by rising stock prices and home values, the Federal Reserve said on Thursday. US household wealth reached $100.8 trillion in the January-March period. The risi
Published 08 Jun, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

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 08 Jun, 2018 12:00am
China FX reserves fall to $3.111 trillion
Currency

China FX reserves fall to $3.111 trillion

China's foreign exchange reserves fell slightly in May as the US dollar rebounded strongly and regulators take small steps to increase cross-border use of the yuan.
Published 08 Jun, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 07, 2018).

Published 08 Jun, 2018 12:00am
US, China reach $1.4 billion sanctions deal over ZTE

US, China reach $1.4 billion sanctions deal over ZTE

Washington and Beijing have reached a deal to ease sanctions that brought Chinese smartphone maker ZTE to the brink of collapse, the US Commerce Department announced Thursday.
Published 08 Jun, 2018 12:00am
Bayer-Monsanto merger creates agrichemical juggernaut

Bayer-Monsanto merger creates agrichemical juggernaut

German chemicals and pharmaceuticals giant Bayer on Thursday sealed a $63-billion merger with US-based Monsanto, creating an agrichemical behemoth with lofty ambitions to feed the world but lambasted by environmentalists. "We will be even better placed to
Published 08 Jun, 2018 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 (June 07, 2018).

Published 08 Jun, 2018 12:00am
Turkey hikes interest rate again as vote looms

Turkey hikes interest rate again as vote looms

The Turkish central bank on Thursday hiked interest rates for the second time in two weeks, prompting the lira to rally strongly with elections on the horizon. The 125 basis point (bps) headline interest rate hike comes after the bank raised its emergency
Published 08 Jun, 2018 12:00am
Saudi, UAE announce raft of joint economic and defence deals

Saudi, UAE announce raft of joint economic and defence deals

Saudi Arabia and the United Arab Emirates have unveiled a raft of economic deals, including in the defence industry, as the Gulf powerhouses look to boost ties. The two oil-rich Gulf nations signed 20 memoranda of understanding for over 60 joint projects
Published 08 Jun, 2018 12:00am
Ex-dividends and sterling keep FTSE under pressure

Ex-dividends and sterling keep FTSE under pressure

Britain's top share index dipped on Thursday following a delayed open as stocks trading ex-dividend outweighed a rise among banks and big oil, while a stronger pound added pressure. The blue-chip FTSE 100 index and mid-caps both closed down 0.1 percent. T
Published 08 Jun, 2018 12:00am
Most Southeast Asia stocks rise

Most Southeast Asia stocks rise

Most Southeast Asian stock markets ended higher on Thursday, tracking broader Asia, with the Philippines surging to its highest close in three weeks. MSCI's broadest index of Asia-Pacific shares outside Japan rose as much as 0.6 percent in its sixth strai
Published 08 Jun, 2018 12:00am
Australian shares up; New Zealand hits new peak

Australian shares up; New Zealand hits new peak

Australian shares edged up on Thursday led by material stocks and banks although gains were capped by AMP's fall after the wealth manager was slapped with its fourth class action lawsuit.
Published 08 Jun, 2018 12:00am
European shares dip as luxury stocks fall; banks, oil up

European shares dip as luxury stocks fall; banks, oil up

European shares dipped on Thursday at the end of a choppy session with luxury stocks among the leading losers after an underwhelming presentation from Gucci owner Kering. Stronger energy stocks and gains among banks on expectations that the European Centr
Published 08 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 07, 2018).
Published 08 Jun, 2018 12:00am
China stocks slip

China stocks slip

China stocks slipped on Thursday as consumer and healthcare firms took a breather after recent gains. The blue-chip CSI300 index closed 0.2 percent down at 3,831.01 while the Shanghai Composite Index also lost 0.2 percent to 3,109.50 points. Healthcare st
Published 08 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 07, 2018).

Published 08 Jun, 2018 12:00am
Indian shares jump

Indian shares jump

Indian shares closed at their highest in more than three weeks on Thursday, with market heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd contributing most to gains. The broader NSE index ended up 0.78 percent at 10,768.35, while the benchma
Published 08 Jun, 2018 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks rose on Thursday encouraged by signs of progress in the Sino-US trade talks, easing fears of a trade war. The Hang Seng index rose 0.8 percent, to 31,512.63, while the China Enterprises Index gained 1.0 percent, to 12,407.80 points.
Published 08 Jun, 2018 12:00am
Treasury yields jump

Treasury yields jump

US Treasury yields rose on Wednesday, with the 10-year yield hitting a 1-1/2-week high on worries that the European Central Bank would end the expansion of its massive bond purchase program this year. Jitters that the ECB could signal its desire to wind d
Published 08 Jun, 2018 12:00am
Treasury yields jump

Treasury yields jump

US Treasury yields rose on Wednesday, with the 10-year yield hitting a 1-1/2-week high on worries that the European Central Bank would end the expansion of its massive bond purchase program this year. Jitters that the ECB could signal its desire to wind d
Published 08 Jun, 2018 12:00am
Sri Lankan shares lower

Sri Lankan shares lower

Sri Lankan shares ended weaker on Thursday, after breaching the psychological barrier of 6,400, pulled down by blue-chip shares such as John Keells Holdings Plc, brokers said. Foreign investors, who were net sellers for the fist time in five sessions, sol
Published 08 Jun, 2018 12:00am
Wall Street rises on economic data, easing trade worries

Wall Street rises on economic data, easing trade worries

Wall Street indexes rallied on Wednesday with help from financial stocks as investors eyed strong economic data and trade war fears took a back seat while the Nasdaq registered its third straight record closing high.
Published 08 Jun, 2018 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo's benchmark Nikkei index rose for the fourth consecutive session Thursday, supported by a weak yen and Wall Street rallies. The Nikkei 225 index gained 0.87 percent or 197.53 points to close at 22,823.26 while the broader Topix index was up 0.64 per
Published 08 Jun, 2018 12:00am
Most Gulf markets fall, Dubai dips despite stimulus plan

Most Gulf markets fall, Dubai dips despite stimulus plan

Banking shares dragged down Saudi Arabia's stock market on Thursday on selling ahead of the Eid holiday, profit-taking also weighed on Dubai shares despite news of new economic stimulus steps. Trading volume was high as retail investors - the majority in
Published 08 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 07, 2018).

Published 08 Jun, 2018 12:00am
Aussie slips, kiwi rises
Currency

Aussie slips, kiwi rises

The Australian dollar came off six week highs on Thursday after the country's trade surplus fell in April, while its New Zealand cousin stepped back from a one-month peak. The Australian dollar was last down 0.2 percent at $0.7653 from Wednesday's $0.7677
Published 08 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 07, 2018).

Published 08 Jun, 2018 12:00am
Sterling falls
Currency

Sterling falls

Sterling reversed earlier gains and fell a quarter of a percent on Thursday as concerns about Brexit negotiations prompted investors to lock in gains after a recent rebound. The British currency had hit a two-week high in early trading, helped by general
Published 08 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 07, 2018).

Published 08 Jun, 2018 12:00am
Sri Lankan rupee hits all-time low
Currency

Sri Lankan rupee hits all-time low

The Sri Lankan rupee hit a fresh record low of 158.90 per dollar on Thursday, as importer dollar demand offset the lack of greenback sales by exporters who expect the currency to drop further, dealers said. The spot rupee hit an all-time low of 158.90 per
Published 08 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 83.70-83.70 (Previous 83.70-83.70).
Published 08 Jun, 2018 12:00am
Euro gains against dollar in New York
Currency

Euro gains against dollar in New York

The euro rose to a nearly two-week high against the dollar on Wednesday after officials said the European Central Bank could wind down its stimulus program by the end of the year, as inflation has risen to its target.
Published 08 Jun, 2018 12:00am
Early trade in New York: dollar climbs to three-week high
Currency

Early trade in New York: dollar climbs to three-week high

The euro scaled three-week peaks against the dollar on Thursday as investors boosted their bets that the European Central Bank at next week's monetary policy meeting will flag the winding down of its vast bond-buying program by the end of this year.
Published 08 Jun, 2018 12:00am
Euro climbs in Europe

Euro climbs in Europe

The euro climbed to a three-week high on Thursday as investors raised their bets that the European Central Bank will next week signal a winding down of its vast bond-buying programme by the end of this year. The central bank's chief economist Peter Praet,
Published 08 Jun, 2018 12:00am
Euro recovers in Asia
Currency

Euro recovers in Asia

The euro stayed near two-week highs against many of its rivals on Thursday, on rising bets the European Central Bank (ECB) may soon announce it will start winding down its massive bond purchase programme. The central bank's chief economist Peter Praet, a
Published 08 Jun, 2018 12:00am
Radicalised Stockholm truck attacker jailed for life

Radicalised Stockholm truck attacker jailed for life

A Swedish court on Thursday sentenced a radicalised Uzbek asylum seeker to life in prison for terrorism after he mowed down pedestrians with a stolen truck in central Stockholm last year, killing five people.
Published 08 Jun, 2018 12:00am
Hope for peace as Ethiopia backs down in Eritrea standoff

Hope for peace as Ethiopia backs down in Eritrea standoff

Ethiopia's surprise declaration that it will implement a nearly 20-year-old peace agreement with its neighbour Eritrea could spell an end to a long cold war that has damaged both countries, analysts say. Reconciliation, they say, could transform both nati
Published 08 Jun, 2018 12:00am
US returns stolen copy of Christopher Columbus letter to Spain

US returns stolen copy of Christopher Columbus letter to Spain

  • After years of searching, the United States has returned to Spain a rare copy of a 1493 letter from Christopher Columbus, which had been stolen from a national archive in Barcelona. The letter, addressed to King Ferdinand and Queen Isabella of Spain and
Published 08 Jun, 2018 12:00am
Not read a book lately? Blame Netflix, says study

Not read a book lately? Blame Netflix, says study

Are you all caught up on your favourite Netflix show, but that novel on your nightstand is gathering dust? You're far from alone, according to a German study released Thursday decrying a "dramatic" decline in book readership as more time is spent online.
Published 08 Jun, 2018 12:00am
May finds cabinet compromise with Brexit fall-back plan

May finds cabinet compromise with Brexit fall-back plan

Prime Minister Theresa May revealed plans Thursday for Britain to temporarily align with EU customs rules after Brexit as a fall-back option to resolve the Irish border problem, but only to 2021 in what was viewed as a compromise with eurosceptic minister
Published 08 Jun, 2018 12:00am
Pompeo speaks to Bajwa

Pompeo speaks to Bajwa

US Secretary of Sates Mike Pompeo on Thursday spoke with Chief of Army Staff Qamar Bajwa and discussed ways to advance Pakistan-US relations and the Afghan reconciliation efforts, the State Department said. In a press release, State Department spokesperso
Published 08 Jun, 2018 12:00am
Use of armed drones increasing under Trump

Use of armed drones increasing under Trump

America's use of armed drones is increasing under President Donald Trump just as oversight of the lethal technology appears to be dwindling, a study released Thursday found. The report by the nonpartisan Stimson Center think tank looks back at Trump's dro
Published 08 Jun, 2018 12:00am
Pompeo speaks to Bajwa

Pompeo speaks to Bajwa

US Secretary of Sates Mike Pompeo on Thursday spoke with Chief of Army Staff Qamar Bajwa and discussed ways to advance Pakistan-US relations and the Afghan reconciliation efforts, the State Department said. In a press release, State Department spokesperso
Published 08 Jun, 2018 12:00am
US suicide rate on rise

US suicide rate on rise

The suicide rate across the United States has risen 30 percent since 1999, and nearly 45,000 people took their lives in 2016, officials said Thursday. Suicide presents a "growing public health problem," with significant increases in 44 of the 50 states, s
Published 08 Jun, 2018 12:00am
Caretaker CMs: Askari appointed in Punjab, Marri in Balochistan

Caretaker CMs: Askari appointed in Punjab, Marri in Balochistan

The Election Commission of Pakistan on Thursday has unanimously decided to appoint Rizvi as caretaker chief minister. The PML-N leaders objected to it, saying Askari is not an impartial person. But the ECP rejected all objections of Pakistan Muslim League
Published 08 Jun, 2018 12:00am
Caretaker CMs: Askari appointed in Punjab, Marri in Balochistan

Caretaker CMs: Askari appointed in Punjab, Marri in Balochistan

The Election Commission of Pakistan on Thursday has unanimously decided to appoint Rizvi as caretaker chief minister. The PML-N leaders objected to it, saying Askari is not an impartial person. But the ECP rejected all objections of Pakistan Muslim League
Published 08 Jun, 2018 12:00am
EU gives Bosnia funds to cope with migrant influx

EU gives Bosnia funds to cope with migrant influx

The European Commission provided Bosnia on Thursday with 1.5 million euros ($1.8 million) to help the impoverished country cope with an influx of migrants passing through on their way towards Western Europe. "The number of refugees and migrants arriving i
Published 08 Jun, 2018 12:00am
PML-N rejects appointment of Askari

PML-N rejects appointment of Askari

Pakistan Muslim League-Nawaz (PML-N) has rejected the Election Commission of Pakistan's (ECP's) decision to name Prof Dr Hassan Askari as caretaker Punjab chief minister, arguing that his appointment would cast doubts over transparency of general election
Published 08 Jun, 2018 12:00am
Daily Mail editor leaves divisive legacy

Daily Mail editor leaves divisive legacy

A decisive force in the Brexit campaign, Daily Mail editor Paul Dacre leaves behind a divisive legacy as his tenure at the helm of the influential tabloid comes to an end after 26 years. Lord Rothermere, head of the Daily Mail's parent company, called him
Published 08 Jun, 2018 12:00am
PML-N rejects appointment of Askari

PML-N rejects appointment of Askari

Pakistan Muslim League-Nawaz (PML-N) has rejected the Election Commission of Pakistan's (ECP's) decision to name Prof Dr Hassan Askari as caretaker Punjab chief minister, arguing that his appointment would cast doubts over transparency of general election
Published 08 Jun, 2018 12:00am
Facebook blacklists Myanmar hardline Buddhist group

Facebook blacklists Myanmar hardline Buddhist group

Facebook has blacklisted a group of Myanmar Buddhist hardliners including monks notorious for bilious hate speech against Rohingya Muslims, the company said Thursday, as it scrambles to show it is tackling inflammatory content.
Published 08 Jun, 2018 12:00am
Undersea gas line: Islamabad, Moscow finalize MoU on feasibility study

Undersea gas line: Islamabad, Moscow finalize MoU on feasibility study

Pakistan and Russia have finalized a memorandum of understanding (MoU) on conducting feasibility study for implementation of $10 billion undersea gas pipeline project, Foreign Office said on Thursday. Responding to media queries during weekly briefing, Sp
Published 08 Jun, 2018 12:00am
Steady trend seen on cotton market
Cotton

Steady trend seen on cotton market

With the Eid-ul-Fitr holidays approaching over the next ten days or so, the domestic cotton market is showing a steady condition in ready trade. Now only about 70,000 bales (155 Kgs) from the outgoing crop (August 2017/July 2018) are left unsold with the
Published 08 Jun, 2018 12:00am
Undersea gas line: Islamabad, Moscow finalize MoU on feasibility study

Undersea gas line: Islamabad, Moscow finalize MoU on feasibility study

Pakistan and Russia have finalized a memorandum of understanding (MoU) on conducting feasibility study for implementation of $10 billion undersea gas pipeline project, Foreign Office said on Thursday. Responding to media queries during weekly briefing, Sp
Published 08 Jun, 2018 12:00am
Steady trend seen on cotton market
Cotton

Steady trend seen on cotton market

With the Eid-ul-Fitr holidays approaching over the next ten days or so, the domestic cotton market is showing a steady condition in ready trade. Now only about 70,000 bales (155 Kgs) from the outgoing crop (August 2017/July 2018) are left unsold with the
Published 08 Jun, 2018 12:00am
Undersea gas line: Islamabad, Moscow finalize MoU on feasibility study

Undersea gas line: Islamabad, Moscow finalize MoU on feasibility study

Pakistan and Russia have finalized a memorandum of understanding (MoU) on conducting feasibility study for implementation of $10 billion undersea gas pipeline project, Foreign Office said on Thursday. Responding to media queries during weekly briefing, Sp
Published 08 Jun, 2018 12:00am
CBOT corn futures up on technical bounce

CBOT corn futures up on technical bounce

Chicago Board of Trade corn futures ended higher Tuesday on a technical bounce after the July contract fell to two-month low, traders said. CBOT July corn settled up 3 cents at $3.83-3/4 a bushel after dipping to $3.80, its lowest since March 23.
Published 08 Jun, 2018 12:00am
Trump trade war threat sets up G7 summit clash

Trump trade war threat sets up G7 summit clash

Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron put Donald Trump on notice Thursday that they would not be intimidated at the upcoming G7 summit, as a trade war between Washington and its allies looms. Past summits of the Group
Published 08 Jun, 2018 12:00am
Modest trade activity
Cotton

Modest trade activity

Modest trade activity was seen on the cotton market on Thursday amid arrivals of new crop, dealers said.
Published 08 Jun, 2018 12:00am
Trump trade war threat sets up G7 summit clash

Trump trade war threat sets up G7 summit clash

Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron put Donald Trump on notice Thursday that they would not be intimidated at the upcoming G7 summit, as a trade war between Washington and its allies looms. Past summits of the Group
Published 08 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 165,900 tonnes of cargo comprising 119,187 tonnes of import cargo and 46,713 tonnes of export cargo including 4,546 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 08 Jun, 2018 12:00am
Trump trade war threat sets up G7 summit clash

Trump trade war threat sets up G7 summit clash

Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron put Donald Trump on notice Thursday that they would not be intimidated at the upcoming G7 summit, as a trade war between Washington and its allies looms. Past summits of the Group
Published 08 Jun, 2018 12:00am
European gasoline margins weaken on slow exports to US

European gasoline margins weaken on slow exports to US

Benchmark northwest European gasoline refining margins declined on Tuesday as exports to the United States slowed down. Gasoline exports from Europe to the US East Coast remained subdued as supplies in the Atlantic basin were expected to rise, traders sai
Published 08 Jun, 2018 12:00am
BRIndex100 reverses gains

BRIndex100 reverses gains

Pakistan Stock Exchange witnessed a declining trend as investors opted to book profit on available margins Thursday. BRIndex100 lost 24.11 points or 0.51 percent to close at 4,720.39 points. BRIndex-100 touched intraday high of 4,773.03 and intraday low o
Published 08 Jun, 2018 12:00am
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