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Archive - 2018-06-13
SBP injects Rs720bn into market    
Top News

SBP injects Rs720bn into market    

KARACHI: State Bank of Pakistan on Wednesday injected into money market Rs 120 billion for one day and Rs 1600 billion f
Published 13 Jun, 2018 12:42pm
Remittances – slow and steady
Banking

Remittances – slow and steady

The fiscal year is coming to a close, and the macroeconomic situation in the country is precarious. Unfortunately, the r
Published 13 Jun, 2018 06:42am
Bring down the wall
Miscellaneous

Bring down the wall

Seventeen years ago, Pakistan had 23 percent share in the total stock of inward FDI in South Asia. Today, that number st
Published 13 Jun, 2018 06:37am
US monthly consumer prices increase moderately

US monthly consumer prices increase moderately

US monthly consumer inflation rose moderately in May as gasoline price increases slowed, suggesting the Federal Reserve could continue to gradually raise interest rates this year. The Labour Department's inflation report was published ahead of the start o
Published 13 Jun, 2018 12:00am
Germany recalls Dutch eggs over fipronil fears

Germany recalls Dutch eggs over fipronil fears

German authorities have pulled some 73,000 Dutch eggs from supermarket shelves after they were found to be contaminated with fipronil, the same insecticide that sparked a huge food scare last year. The agriculture ministry of Lower Saxony said the batch o
Published 13 Jun, 2018 12:00am
Malaysian king joins austerity drive with pay cut

Malaysian king joins austerity drive with pay cut

Malaysia's king has thrown his weight behind the new government's bid to slash massive debts inherited from the corruption-plagued old regime by taking a 10 percent pay cut, royal officials said. Sultan Muhammad V offered to reduce his salary after being
Published 13 Jun, 2018 12:00am
Shoemaker Louboutin wins EU court battle over red soles

Shoemaker Louboutin wins EU court battle over red soles

French luxury shoe designer Christian Louboutin won a lengthy EU legal battle over trademarking his signature red-soled high-heeled shoes, the court and the company said on Tuesday. Louboutin took Dutch shoe maker Van Haren to court in the Netherlands in
Published 13 Jun, 2018 12:00am
Erdogan opens new pipeline to pump Azerbaijan gas to Europe

Erdogan opens new pipeline to pump Azerbaijan gas to Europe

Turkish President Recep Tayyip Erdogan on Tuesday opened a new gas pipeline that will pump Caspian gas from energy-rich Azerbaijan across Anatolia to Europe for the first time. The $8.5 billion Trans-Anatolian Natural Gas Pipeline (TANAP) is one of severa
Published 13 Jun, 2018 12:00am
China's new loans unexpectedly slow in May

China's new loans unexpectedly slow in May

New Chinese bank loans unexpectedly fell in May, with credit growth slowing slightly as policymakers sustained efforts to clamp down on off-balance sheet shadow loans to rein in risks in the world's second-largest economy. Data from the central bank on Tu
Published 13 Jun, 2018 12:00am
Egypt raises electricity prices, cuts subsidies
Currency

Egypt raises electricity prices, cuts subsidies

Egypt is further cutting electricity subsidies, raising average prices by around a quarter, Electricity Minister Mohammed Shaker announced Tuesday, as it moves forward in a sweeping economic reform programme. The subsidy cuts are the latest step in an ele
Published 13 Jun, 2018 12:00am
Macron on verge of French rail reform victory

Macron on verge of French rail reform victory

In launching his plan to overhaul France's heavily-indebted state rail operator SNCF earlier this year, President Emmanuel Macron knew he was taking aim at a bastion of labour unions which have long defied a range of government reform efforts. Yet on Tues
Published 13 Jun, 2018 12:00am
Housebuilders, miners and oil stocks weigh on FTSE 100
Currency

Housebuilders, miners and oil stocks weigh on FTSE 100

Losses in miners and oil majors sent Britain's top share index into the red on Tuesday, while housebuilding stocks tumbled after weak results from Crest Nicholson piled extra pressure on a sector already hit by a run of poor economic data. A summit betwee
Published 13 Jun, 2018 12:00am
Southeast Asian stocks largely down

Southeast Asian stocks largely down

Most Southeast Asian stock markets ended lower on Tuesday, with Vietnam shares snapping eight sessions of gains to close weaker, as investors took a cautious stance ahead of an expected interest rate hike by the US Federal Reserve. The US Federal Reserve
Published 13 Jun, 2018 12:00am
Shanghai stocks climb

Shanghai stocks climb

Shanghai stocks recovered from early losses to end higher on Tuesday, as sentiment improved after US President Donald Trump and North Korean leader Kim Jong Un signed a 'comprehensive' deal aimed at the denuclearisation of the Korean peninsula.
Published 13 Jun, 2018 12:00am
Hong Kong stocks higher

Hong Kong stocks higher

Hong Kong stocks ended higher on Tuesday, after US President Donald Trump and North Korean leader Kim Jong Un signed a 'comprehensive' deal aimed at the denuclearisation of the Korean peninsula, while Washington committed to provide security guarantees fo
Published 13 Jun, 2018 12:00am
Oil price supports Saudi index; Dubai falls on profit-taking

Oil price supports Saudi index; Dubai falls on profit-taking

Gulf stocks ended mixed on Tuesday, with the Saudi market supported by higher oil prices while Dubai and Qatar fell on profit-taking amid slack trade ahead of Eidul Fitr. Markets struggled to keep up momentum two days before the start of the Muslim holida
Published 13 Jun, 2018 12:00am
Treasury yields rise before Fed meeting

Treasury yields rise before Fed meeting

US Treasury yields rose on Monday before the Federal Reserve is expected to raise interest rates on Wednesday, though the Treasury Department saw solid demand for $54 billion in new three and 10-year notes. Both the $32 billion three-year notes and $22 bi
Published 13 Jun, 2018 12:00am
Treasury yields rise before Fed meeting

Treasury yields rise before Fed meeting

US Treasury yields rose on Monday before the Federal Reserve is expected to raise interest rates on Wednesday, though the Treasury Department saw solid demand for $54 billion in new three and 10-year notes. Both the $32 billion three-year notes and $22 bi
Published 13 Jun, 2018 12:00am
Indian shares surge

Indian shares surge

Indian shares rose on Tuesday, in line with broader Asian peers, as sentiment turned upbeat after US President Donald Trump and North Korean leader Kim Jong Un pledged to work towards complete denuclearisation of the Korean peninsula. The benchmark BSE in
Published 13 Jun, 2018 12:00am
US stock indexes end slightly higher

US stock indexes end slightly higher

All three major US stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend's factious meeting of the Group of Seven nations.
Published 13 Jun, 2018 12:00am
Tuesday's early trade: Wall Street edges higher as focus shifts to Fed

Tuesday's early trade: Wall Street edges higher as focus shifts to Fed

US stocks posted small gains on Tuesday as investors focused on the Federal Reserve's policy meeting, while looking past President Donald Trump's historic summit with North Korean leader Kim Jong Un. The two leaders pledged to work toward complete denucle
Published 13 Jun, 2018 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks gained on Tuesday, extending rallies on Wall Street as investors largely welcomed a historic summit between the United States and North Korea. The benchmark Nikkei 225 index rose 0.33 percent or 74.31 points to close at 22,878.35, while the b
Published 13 Jun, 2018 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan shares fell for a fifth straight session on Tuesday to hit their lowest closing level in nearly six months, as investors sold telecom and diversified shares. The Colombo stock index ended 0.06 percent weaker at 6,348.53, its lowest close since
Published 13 Jun, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars inched up on Tuesday as smiles at the start of the US-North Korea summit boosted risk assets, though trading volumes were low as worries lingered aboutt a global fight over tariffs. The Aussie added 0.1 percent to $0
Published 13 Jun, 2018 12:00am
Sterling falls to five-day low

Sterling falls to five-day low

The pound fell to a five-day low on Tuesday, reflecting wariness among investors about a parliamentary debate under way on amendments to Britain's EU withdrawal bill. Prime Minister Theresa May faces a showdown with lawmakers who want power to force her g
Published 13 Jun, 2018 12:00am
China's yuan flat

China's yuan flat

China's yuan was flat against the US dollar on Tuesday in thin trade, with market participants awaiting the outcome of a landmark meeting between the United States and North Korea. US President Donald Trump said he had forged a "good relationship" with No
Published 13 Jun, 2018 12:00am
Asian currencies unfazed by summit

Asian currencies unfazed by summit

Asian currencies moved only marginally on Tuesday as a historic United States-North Korea summit took place in Singapore, while investors weighed how to position themselves for major central bank meetings later this week. US President Donald Trump said th
Published 13 Jun, 2018 12:00am
Sri Lankan rupee recovers
Currency

Sri Lankan rupee recovers

The Sri Lankan rupee ended firmer on Tuesday, recovering from an all-time low hit in the previous session, as late exporter dollar sales surpassed mild importer demand for the greenback, dealers said. The spot rupee, which hit an all-time low of 159.80 pe
Published 13 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 Tuesday. 83.70-83.70 (Previous 83.70-83.70).
Published 13 Jun, 2018 12:00am
Dollar, euro range-bound in New York

Dollar, euro range-bound in New York

The US dollar and euro on Monday were range-bound ahead of decisive meetings of both central banks this week and President Donald Trump's summit with North Korean leader Kim Jong Un in Singapore on Tuesday. The greenback was up 0.14 percent against a bask
Published 13 Jun, 2018 12:00am
Early trade in New York: dollar steadies against basket of currencies

Early trade in New York: dollar steadies against basket of currencies

The dollar steadied against a basket of currencies on Tuesday as data showed US consumer prices rose in May, matching analysts' forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually. US consumer prices rose
Published 13 Jun, 2018 12:00am
Dollar bounce fizzles in Europe; Norway's crown shines
Currency

Dollar bounce fizzles in Europe; Norway's crown shines

The dollar gave up all its earlier gains on Tuesday, as markets saw few concrete measures emerging from the US-North Korea summit and waited for guidance from two of the world's top central banks this week. With most currencies staying within well-trodden
Published 13 Jun, 2018 12:00am
Dollar stays buoyant in Asian trade
Currency

Dollar stays buoyant in Asian trade

The dollar hovered near a three-week high against the yen on Tuesday after US President Donald Trump and North Korean leader Kim Jong Un signed a "comprehensive" letter at a historic summit aimed at the denuclearisation of the Korean peninsula. Trump said
Published 13 Jun, 2018 12:00am
CBOT wheat futures down on weather concerns

CBOT wheat futures down on weather concerns

Chicago Board of Trade wheat futures were dragged down on weather concerns on Monday, and suffered from spillover from trader concerns on the overall grain sector that had corn and soybean contracts dropping to new lows. Weather forecasts for top wheat pr
Published 13 Jun, 2018 12:00am
European gasoline margins fall

European gasoline margins fall

Benchmark northwest European gasoline refining margins fell slightly on Monday under pressure from high Atlantic basin stocks. Inventories on both sides of the Atlantic rose in the most recent set of data from the US Energy Information Administration and
Published 13 Jun, 2018 12:00am
Slow arrivals of seed cotton pushing rates sharply higher
Cotton

Slow arrivals of seed cotton pushing rates sharply higher

Slow arrivals of seed cotton pushed rates sharply higher on the cotton market on Tuesday in the process of lean business, dealers said. The official spot rate was unchanged at Rs 7,600, they added. In the ready session, a deal of 1075 bales of cotton from
Published 13 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 171,378 tonnes of cargo comprising 122,764 tonnes of import cargo and 48,614 tonnes of export cargo including 5,772 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 12
Published 13 Jun, 2018 12:00am
Euronext wheat futures little changed

Euronext wheat futures little changed

Euronext wheat futures were little changed on Monday in keeping with a subdued trend in Chicago as traders weighed weather risks while awaiting world crop forecasts from the US government. December milling wheat on Paris-based Euronext was down 0.50 euro,
Published 13 Jun, 2018 12:00am
Palm oil lower on European vegoils market
Vegetable Oil

Palm oil lower on European vegoils market

Palm oil on the European vegetable oils market edged lower on Monday in thin trade on positioning ahead of fresh USDA crop and supply/demand reports due on Tuesday. Asking prices for palm oil were mostly between unchanged and $5 a tonne lower, also becaus
Published 13 Jun, 2018 12:00am
CBOT soyabean futures remain under pressure

CBOT soyabean futures remain under pressure

Chicago Board of Trade soyabean futures remained under pressure on Monday, closing sharply down as funds scrambled to shed their long positions amid trade uncertainty and a strong start to the US growing season. The CBOT July soyabeans settled down 15-1/2
Published 13 Jun, 2018 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canada canola futures fell on Monday for a fourth straight session, pressured by favourable rains for crops in Western Canada and the US Midwest. July canola shed 80 cents to settle at $516.70 per tonne. Most-active, new-crop November canola gave up 9
Published 13 Jun, 2018 12:00am
Egypt's GASC seeks to buy wheat for July shipment

Egypt's GASC seeks to buy wheat for July shipment

Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from July 15 to July 25. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes
Published 13 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,507. The traded value of Metals, Energy and COTS/FX was recorded at USD 3.859 billion and the number of lots traded was 6,392.
Published 13 Jun, 2018 12:00am
New Tesla software to offer 'full' autonomy: Musk

New Tesla software to offer 'full' autonomy: Musk

An update to Tesla's Autopilot software coming in August will enable "full self-driving features" for the automaker's electric cars, chief executive Elon Musk says. Musk's comments come amid a race by automakers and tech firms to roll out fully autonomous
Published 13 Jun, 2018 12:00am
Japan core machinery orders rebound

Japan core machinery orders rebound

Japan's core machinery orders in April jumped the most since the start of 2016, reversing the prior month's decline and raising some hopes for durable growth in capital expenditure seen as crucial for a recovery in the economy after a contraction in the f
Published 13 Jun, 2018 12:00am
Ryanair recognises cabin crew union in UK

Ryanair recognises cabin crew union in UK

Low-cost airline Ryanair said Monday it has formally recognised representation by a union of its cabin crew in Britain. Just a week after recognising cabin crew unions in Italy, Ryanair said in a statement that it had "signed its second cabin crew union r
Published 13 Jun, 2018 12:00am
Societe Generale puts Polish unit up for sale

Societe Generale puts Polish unit up for sale

French bank Societe Generale is exploring a sale of its Polish unit Eurobank, which is facing rising pressure from competitors, two investment bankers in Warsaw said.
Published 13 Jun, 2018 12:00am
Slide in Greek property prices slows as recovery gains traction

Slide in Greek property prices slows as recovery gains traction

A protracted downturn in Greece's residential property market slowed sharply in the first quarter of 2018, central bank data showed on Tuesday, raising hopes that prices were starting to respond to a recovering economy.
Published 13 Jun, 2018 12:00am
New HSBC boss eyes return to growth after restructure

New HSBC boss eyes return to growth after restructure

HSBC's new chief executive said Monday he wanted a return to growth for the banking giant after a huge restructuring that saw the lender exit numerous markets and axe tens of thousands of jobs.
Published 13 Jun, 2018 12:00am
Germany land at World Cup, Belgium downplay Hazard scare

Germany land at World Cup, Belgium downplay Hazard scare

Reigning champions Germany arrived in Russia on Tuesday to join the World Cup party as Belgium downplayed an injury scare over star player Eden Hazard in their final warm-up match. Gareth Southgate's youthful England team are also due to touch down as exc
Published 13 Jun, 2018 12:00am
England make low-key arrival in Russia

England make low-key arrival in Russia

England landed in Russia on Tuesday hoping a talented young World Cup squad spearheaded by captain Harry Kane can shake off the disappointments of recent tournaments. After flying into Saint Petersburg, Gareth Southgate's squad headed to their base camp i
Published 13 Jun, 2018 12:00am
More than half of Brazilians don't care about World Cup: poll

More than half of Brazilians don't care about World Cup: poll

More than half of Brazilians have no interest in the World Cup in Russia, according to an opinion poll Tuesday, despite the country's stellar history at the championship. Fifty three percent are treating the World Cup, which starts Thursday, with a giant
Published 13 Jun, 2018 12:00am
Neymar is star attraction as fans swarm to Brazil training

Neymar is star attraction as fans swarm to Brazil training

Brazil attracted an army of excited youngsters - including one who managed to get onto the pitch for a selfie - as they held their first training session on Russian soil ahead of the World Cup on Tuesday. Around 5,000 locals turned out to watch the relaxe
Published 13 Jun, 2018 12:00am
Peshawar Lines clinch Ramazan Challenge Hockey Cup

Peshawar Lines clinch Ramazan Challenge Hockey Cup

Peshawar Lines clinched the trophy of the Floodlight Ramazan Hockey Cup after defeating Peshawar Greens 2-0 in the final played at Lala Ayub Hockey Stadium here on Tuesday. Director General Sports KP Junaid Khan was the chief guest on this occasion and al
Published 13 Jun, 2018 12:00am
Lopetegui to coach Real Madrid after World Cup

Lopetegui to coach Real Madrid after World Cup

Spain coach Julen Lopetegui will replace Zinedine Zidane in charge of Real Madrid after the World Cup, the Spanish giants said Tuesday in a surprise move. "Real Madrid announce that Julen Lopetegui will be the coach of the first team during the next three
Published 13 Jun, 2018 12:00am
England agree to handshake as Australia go on charm offensive

England agree to handshake as Australia go on charm offensive

Australia captain Tim Paine says his players will shake hands with their England rivals before Wednesday's clash at The Oval as the tourists aim to heal the wounds of their recent ball-tampering scandal. Paine is on a charm offensive following the revelat
Published 13 Jun, 2018 12:00am
Ghana court suspends football federation

Ghana court suspends football federation

A Ghana court on Tuesday ordered the suspension of the country's embattled football federation, paving the way for its dissolution following explosive corruption allegations. The High Court of Ghana granted the request of Ghana's attorney general Gloria A
Published 13 Jun, 2018 12:00am
AC Milan form women's team

AC Milan form women's team

AC Milan said on Tuesday it was forming a women's team to compete in next season's league with a buyout of ACF Brescia. "AC Milan is announcing that from the 2018/2019 season it will participate for the first time in the club's history in the female Serie
Published 13 Jun, 2018 12:00am
Former boxing champion Haye announces retirement

Former boxing champion Haye announces retirement

Britain's former world heavyweight and cruiserweight champion David Haye announced his retirement on Tuesday following two successive defeats to fellow Englishman Tony Bellew.
Published 13 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 13 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 13 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 13 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 13 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 Tuesday (June 12, 2018).

Published 13 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 Tuesday (June 12, 2018).

Published 13 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 12, 2018).
Published 13 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 12, 2018).

Published 13 Jun, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 13 Jun, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 13 Jun, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 13 Jun, 2018 12:00am
Bajwa, Ghani discuss peace, rise of Daesh

Bajwa, Ghani discuss peace, rise of Daesh

Chief of Army Staff (CoAS) General Qamar Javed Bajwa held discussions on wide range of issues, especially Afghan reconciliation efforts, measures needed to check the rise of Daesh/ISIS as well as border fencing, with Afghan President Ashraf Ghani and Comm
Published 13 Jun, 2018 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 13 Jun, 2018 12:00am
Bajwa, Ghani discuss peace, rise of Daesh

Bajwa, Ghani discuss peace, rise of Daesh

Chief of Army Staff (CoAS) General Qamar Javed Bajwa held discussions on wide range of issues, especially Afghan reconciliation efforts, measures needed to check the rise of Daesh/ISIS as well as border fencing, with Afghan President Ashraf Ghani and Comm
Published 13 Jun, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 13 Jun, 2018 12:00am
BRIndex100 depressed

BRIndex100 depressed

Pakistan Stock Exchange Tuesday remained under pressure due to selling in various sectors. BRIndex100 lost 91.34 points or 1.94 percent to close at 4,626.72 points. BRIndex100 touched intraday high of 4,714.08 and intraday low of 4,615.87 points. Volumes
Published 13 Jun, 2018 12:00am
BRIndex100 depressed

BRIndex100 depressed

Pakistan Stock Exchange Tuesday remained under pressure due to selling in various sectors. BRIndex100 lost 91.34 points or 1.94 percent to close at 4,626.72 points. BRIndex100 touched intraday high of 4,714.08 and intraday low of 4,615.87 points. Volumes
Published 13 Jun, 2018 12:00am
BRIndex100 depressed

BRIndex100 depressed

Pakistan Stock Exchange Tuesday remained under pressure due to selling in various sectors. BRIndex100 lost 91.34 points or 1.94 percent to close at 4,626.72 points. BRIndex100 touched intraday high of 4,714.08 and intraday low of 4,615.87 points. Volumes
Published 13 Jun, 2018 12:00am
Shamshad describes C/A as major challenge

Shamshad describes C/A as major challenge

Caretaker Finance Minister Dr Shamshad Akhtar said on Tuesday that Pakistan is faced with difficult situation on external account and the government is looking at options, other than the International Monetary Fund (IMF), to meet looming debt obligations.
Published 13 Jun, 2018 12:00am
Shamshad describes C/A as major challenge

Shamshad describes C/A as major challenge

Caretaker Finance Minister Dr Shamshad Akhtar said on Tuesday that Pakistan is faced with difficult situation on external account and the government is looking at options, other than the International Monetary Fund (IMF), to meet looming debt obligations.
Published 13 Jun, 2018 12:00am
Shamshad describes C/A as major challenge

Shamshad describes C/A as major challenge

Caretaker Finance Minister Dr Shamshad Akhtar said on Tuesday that Pakistan is faced with difficult situation on external account and the government is looking at options, other than the International Monetary Fund (IMF), to meet looming debt obligations.
Published 13 Jun, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 12, 2018).

Published 13 Jun, 2018 12:00am
SC says has no objection to Amnesty Scheme
Currency

SC says has no objection to Amnesty Scheme

Chief Justice of Pakistan observed here Tuesday that the court has no objection to the Amnesty Scheme and gave one month time to the committee to come up with suggestions as to how the outflow of the money, smuggling (Hawala, Hundi), could be stopped and
Published 13 Jun, 2018 12:00am
SC says has no objection to Amnesty Scheme
Currency

SC says has no objection to Amnesty Scheme

Chief Justice of Pakistan observed here Tuesday that the court has no objection to the Amnesty Scheme and gave one month time to the committee to come up with suggestions as to how the outflow of the money, smuggling (Hawala, Hundi), could be stopped and
Published 13 Jun, 2018 12:00am
Opec sees 'considerable uncertainty' in oil market

Opec sees 'considerable uncertainty' in oil market

After months of sharp oil price rises there is now considerable uncertainty as to the market's direction for the rest of the year, Opec said on Tuesday as a key meeting of oil producers looms. Question marks over global economic growth, and resulting oil
Published 13 Jun, 2018 12:00am
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