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Archive - 2018-06-25
TSX slumps 1.62 percent
Financial

TSX slumps 1.62 percent

NEW YORK: The Toronto Stock Exchange's S&P/TSX fell 266.18 points, or 1.62 percent, to 16,183.96. The biggest con
Published 25 Jun, 2018 10:12pm
Hong Kong stocks open higher
Financial

Hong Kong stocks open higher

Hong Kong: Hong Kong stocks opened higher on Monday with energy firms boosted by a surge in oil prices after OPEC and ot
Published 25 Jun, 2018 07:46am
Mattis sees positive signs in Afghanistan
Front Top News

Mattis sees positive signs in Afghanistan

Eielson Air Force Base, United States: US Pentagon chief James Mattis said Sunday that there were encouraging signs in A
Published 25 Jun, 2018 07:04am
The FATF question
Miscellaneous

The FATF question

Pakistan has made some efforts lately to avoid a harsh review at the plenary of the FATF (Financial Action Task Force) b
Published 25 Jun, 2018 06:55am
BoT: wrong kind of record
Miscellaneous

BoT: wrong kind of record

A record was set last month when the trade deficit touched a new all-time high at $3.67 billion, breaking January 2018’s
Published 25 Jun, 2018 06:53am
Singapore spent $12 million on US-North Korea summit

Singapore spent $12 million on US-North Korea summit

Singapore said Sunday it spent Sg$16.3 million ($12 million) on the historic US-North Korea summit, adding it was less than initially anticipated after some in the city-state complained about the high cost. US President Donald Trump and the North's leader
Published 25 Jun, 2018 12:00am
Judges limit Iraq vote recount in new twist

Judges limit Iraq vote recount in new twist

Judges appointed by Iraq's top court said Sunday they would limit a manual recount of votes in a May parliamentary poll to districts where results were contested, in a new twist to the country's electoral saga. The recount, demanded by the supreme court,
Published 25 Jun, 2018 12:00am
Over 500 children 'reunited' after US border separations

Over 500 children 'reunited' after US border separations

More than 500 children separated from family members under the US "zero tolerance" immigration policy have been reunited, administration officials say, after confusion followed President Donald Trump's sudden backtracking on the practice. Releasing its fi
Published 25 Jun, 2018 12:00am
Growth to help CEE currencies shake off impact of dollar rally

Growth to help CEE currencies shake off impact of dollar rally

Central Europe's robust economic growth should help its most liquid currencies firm by 2-3 percent against the euro in the coming year, even though their near-term outlook may remain shaky, a Reuters poll of 36 analysts showed. A dollar rally and expectat
Published 25 Jun, 2018 12:00am
Iranian rial plunges to new lows as US sanctions loom
Currency

Iranian rial plunges to new lows as US sanctions loom

The Iranian rial plunged to a record low against the US dollar on the unofficial market on Sunday, continuing its slide amid fears of returning US sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme. The dollar
Published 25 Jun, 2018 12:00am
Uncertainty surges around Brazil, Mexico FX rates

Uncertainty surges around Brazil, Mexico FX rates

The Brazilian and Mexican currencies are set to strengthen, but forecasts from market strategists polled by Reuters span an extremely wide range, suggesting that expectations for an imminent rebound from a recent selloff may be premature. Brazil's real is
Published 25 Jun, 2018 12:00am
Mahathir sees fair value of ringgit at 3.8
Currency

Mahathir sees fair value of ringgit at 3.8

Malaysian Prime Minister Mahathir Mohamad sees the fair value of the ringgit currency at 3.8, about 5 percent stronger than the current value, Bloomberg said on Friday, citing an interview with the premier. The ringgit strengthened 0.4 percent to 3.997 ag
Published 25 Jun, 2018 12:00am
China's 14-day money rates jump

China's 14-day money rates jump

Seasonal factors caused China's 14-day money rates to surge this week, but actions authorities took kept a lid on them. The surge was fuelled by hunger for cash among financial institutions ahead of tax payments and a quarterly central bank health check.
Published 25 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 Sunday. 83.70-83.70 (Previous 83.70-83.70).
Published 25 Jun, 2018 12:00am
Saudi insurance stocks soar as ban on female drivers lifted

Saudi insurance stocks soar as ban on female drivers lifted

Saudi insurers posted significant gains on Sunday, on hopes that insurance volumes will rise as women began driving in Saudi Arabia, in the end of the world's last ban on female drivers. This lifted the Saudi exchange, which outperformed other regional ma
Published 25 Jun, 2018 12:00am
EU watchdog wants new rules for foreign exchanges after Brexit

EU watchdog wants new rules for foreign exchanges after Brexit

European Union rules are needed after Brexit to regulate and supervise foreign stock and bond trading venues that want to serve EU investors, the bloc's markets watchdog said on Thursday. Steven Maijoor, chair of the European Securities and Markets Author
Published 25 Jun, 2018 12:00am
EU watchdog wants new rules for foreign exchanges after Brexit

EU watchdog wants new rules for foreign exchanges after Brexit

European Union rules are needed after Brexit to regulate and supervise foreign stock and bond trading venues that want to serve EU investors, the bloc's markets watchdog said on Thursday. Steven Maijoor, chair of the European Securities and Markets Author
Published 25 Jun, 2018 12:00am
Japan watchdog orders improvements at cryptocurrency exchanges
Currency

Japan watchdog orders improvements at cryptocurrency exchanges

Japan's financial regulator said on Friday it has ordered cryptocurrency exchanges including bitFlyer, Inc., one of the country's biggest, to make improvements to lax measures on money laundering. The Financial Services Agency (FSA) slapped six exchanges
Published 25 Jun, 2018 12:00am
Kane fires England to record 6-1 win against Panama

Kane fires England to record 6-1 win against Panama

Harry Kane struck a hat-trick as England's young and free-flowing team banished the ghost of past failures with a record 6-1 thrashing of feeble Panama on Sunday that eased them into the last 16. England's biggest-ever World Cup win, featuring two penalti
Published 25 Jun, 2018 12:00am
Kroos missile secures last-gasp Germany win

Kroos missile secures last-gasp Germany win

A stoppage-time goal from Toni Kroos gave holders Germany a dramatic 2-1 win over Sweden on Saturday to reignite their hopes of qualifying for the World Cup last 16. Having lost their opening game to Mexico, the Germans looked to be heading for a draw unt
Published 25 Jun, 2018 12:00am
Honda hits late Japan leveller to blow World Cup group wide open

Honda hits late Japan leveller to blow World Cup group wide open

Substitute Keisuke Honda equalised with 12 minutes left as Japan twice pegged back Senegal in a thrilling 2-2 draw on Sunday that leaves World Cup Group H wide open. All eyes will now be on the other group match later in the evening between Poland and Col
Published 25 Jun, 2018 12:00am
FIFA fines Poland for 'political and offensive' banner

FIFA fines Poland for 'political and offensive' banner

FIFA said late on Saturday it had fined the Polish Football Association 10,000 Swiss francs ($10,124) for what it said was an offensive banner displayed by Polish fans during their side's 2-1 World Cup defeat to Senegal on Tuesday. "The FIFA Disciplinary
Published 25 Jun, 2018 12:00am
Swiss ministers support Xhaka, Shaqiri over goal celebrations

Swiss ministers support Xhaka, Shaqiri over goal celebrations

Two Swiss government ministers have backed national team players Granit Xhaka and Xherdan Shaqiri after their controversial goal celebrations in Friday's 2-1 World Cup win over Serbia. Global soccer body FIFA has opened disciplinary proceedings after the
Published 25 Jun, 2018 12:00am
Kvitova wins Birmingham title

Kvitova wins Birmingham title

Petra Kvitova warmed up for Wimbledon in impressive style as the former All England Club champion won the WTA Birmingham tournament for the second successive year on Sunday. Czech star Kvitova saw off Slovakia's Magdalena Rybarikova 4-6, 6-1, 6-2 in a fin
Published 25 Jun, 2018 12:00am
Cilic beat Djokovic for Queen's title

Cilic beat Djokovic for Queen's title

Marin Cilic was crowned Queen's Club champion for the second time as the Croatian stunned Novak Djokovic with a dramatic fightback in his 5-7, 7-6 (7/4), 6-3 victory on Sunday. Cilic was on the verge of a third loss in the Queen's final when Djokovic held
Published 25 Jun, 2018 12:00am
Buttler century sees England to thrilling series sweep of Australia

Buttler century sees England to thrilling series sweep of Australia

Jos Buttler's superb 110 not out saw England to a dramatic one-wicket win over Australia in the fifth and final one-day international at Old Trafford on Sunday. Victory saw England complete their first 5-0 series sweep of Australia in any format in more t
Published 25 Jun, 2018 12:00am
Federer loses world No 1 spot after Coric defeat

Federer loses world No 1 spot after Coric defeat

Croatian Borna Coric denied Roger Federer the 99th title of his career on Sunday with a 7-6 (8/6), 3-6, 6-2 defeat in the final of the ATP Halle grass event. Federer also lost the number one spot in ATP rankings to Rafael Nadal, and missed a chance to ear
Published 25 Jun, 2018 12:00am
China-US trade war hits Daimler profit, may sweep sector

China-US trade war hits Daimler profit, may sweep sector

Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry.
Published 25 Jun, 2018 12:00am
Siemens plans to trim industrial divisions

Siemens plans to trim industrial divisions

German engineering group Siemens plans to trim the number of its industrial divisions to try to increase profitability, a person familiar with the matter said. The Munich-based conglomerate will reduce the units in its core industrial operations to three
Published 25 Jun, 2018 12:00am
Bank investors await US stress test results for capital returns

Bank investors await US stress test results for capital returns

US investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual "stress test" late Thursday. Even so, gains in financial shares ma
Published 25 Jun, 2018 12:00am
Britain's Lloyds Banking Group axes 450 jobs

Britain's Lloyds Banking Group axes 450 jobs

Lloyds Banking Group said on Wednesday it would cut 450 mainly back office roles, in the latest round of job cuts as Britain's lenders look to reduce costs and focus on digital initiatives. The bank also said it would create 255 new roles, meaning a net r
Published 25 Jun, 2018 12:00am
FedEx profit tops Wall street estimates amid trade war worries

FedEx profit tops Wall street estimates amid trade war worries

FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units. Shares of the Memphis-based package delivery company rose marginally in after-marke
Published 25 Jun, 2018 12:00am
FedEx profit tops Wall street estimates amid trade war worries

FedEx profit tops Wall street estimates amid trade war worries

FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units. Shares of the Memphis-based package delivery company rose marginally in after-marke
Published 25 Jun, 2018 12:00am
Air Arabia has $336 million overall exposure to Abraaj

Air Arabia has $336 million overall exposure to Abraaj

Air Arabia has an overall exposure of $336 million to Dubai-based private equity firm Abraaj, which has filed for provisional liquidation, the airline said on Wednesday. The carrier said in a statement emailed to Reuters that it had appointed a legal repr
Published 25 Jun, 2018 12:00am
Walt Disney raises bid for Fox assets to $71.3 billion

Walt Disney raises bid for Fox assets to $71.3 billion

Walt Disney Co sweetened its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, topping Comcast Corp's $65 billion offer last week. The new offer of $38 a share, which would be split 50-50 in cash and stock, is $10 higher than Disn
Published 25 Jun, 2018 12:00am
Chanel steps out of fashion shadows to show off surging sales

Chanel steps out of fashion shadows to show off surging sales

French fashion group Chanel released full year earnings for the first time on Thursday, laying down a marker as one of the luxury world's biggest labels by sales after both revenue and profit grew strongly in 2017. The privately-owned company, famed for i
Published 25 Jun, 2018 12:00am
IBM computer proves formidable against two human debaters

IBM computer proves formidable against two human debaters

An argumentative computer proved formidable against two human debaters as IBM gave its first public demonstration of new artificial intelligence technology it's been working on for more than five years. The new skills show that computers are getting bette
Published 25 Jun, 2018 12:00am
Instagram unveils new video service to challenge YouTube

Instagram unveils new video service to challenge YouTube

Facebook's Instagram app is loosening its restraints on video in an attempt to lure younger viewers away from YouTube. The expansion announced Wednesday, dubbed IGTV, will increase Instagram's video time limit from one minute to 10 minutes for most users.
Published 25 Jun, 2018 12:00am
Apple sets up iPhones to relay location for 911 calls

Apple sets up iPhones to relay location for 911 calls

Apple is trying to drag the US's antiquated system for handling 911 calls into the 21st century. If it lives up to Apple's promise, the iPhone's next operating system will automatically deliver quicker and more reliable information pinpointing the locatio
Published 25 Jun, 2018 12:00am
Your internet use may change as 'net neutrality' ends

Your internet use may change as 'net neutrality' ends

Your ability to watch and use your favourite apps and services could start to change - though not right away - following the official demise Monday of Obama-era internet protections. Any changes are likely to happen slowly, as companies assess how much co
Published 25 Jun, 2018 12:00am
Guns, emojis a volatile mix as gangs embrace social media

Guns, emojis a volatile mix as gangs embrace social media

Lamanta Reese lived much of his gang life in virtual reality, posting videos on YouTube of him and others taunting rivals. He died at age 19 in the real world, bleeding from his head onto a porch on Chicago's South Side after one of those gang rivals, pro
Published 25 Jun, 2018 12:00am
Google builds new VR180 for immersive video editing

Google builds new VR180 for immersive video editing

VR is the next big thing across industries and Google has built special tools to help the technology excel in the field of gaming or entertainment. Google has designed its new VR180 Creator tool for Mac and Linux which makes it easy to edit footage from c
Published 25 Jun, 2018 12:00am
Antarctic ice loss triples, boosting sea levels

Antarctic ice loss triples, boosting sea levels

Antarctica has lost a staggering three trillion tonnes of ice since 1992, according to a landmark study published on Wednesday that suggests the frozen continent could redraw Earth's coastlines if global warming continues unchecked.
Published 25 Jun, 2018 12:00am
Earth's intact forests vanishing at accelerating pace: scientists

Earth's intact forests vanishing at accelerating pace: scientists

Earth's intact forests shrank by an area larger than Austria every year from 2014 to 2016 at a 20 percent faster rate than during the previous decade, scientists said on Wednesday as the UN unveiled an initiative to harness the "untapped potential" of the
Published 25 Jun, 2018 12:00am
Marriage is literally good for the heart: study

Marriage is literally good for the heart: study

Even if marriage is sometimes more a bed of nails than roses, living into old age with a partner may help ward off heart disease and stroke, researchers said on Tuesday. A sweeping survey of research conducted over the last two decades covering more than
Published 25 Jun, 2018 12:00am
'Ebola outbreak in Congo largely contained'

'Ebola outbreak in Congo largely contained'

Democratic Republic of Congo's Ebola outbreak has been "largely contained" and no new cases of the disease have been confirmed since the last known sufferer died on June 9, the World Health Organization said on Wednesday.
Published 25 Jun, 2018 12:00am
BIS warns of trade war threat but says rates should keep rising
Currency

BIS warns of trade war threat but says rates should keep rising

The Bank for International Settlements (BIS) urged the world's top central banks to keep lifting interest rates on Sunday, but warned escalating trade tensions between the United States and China could turn into a dangerous downward spiral. The new head o
Published 25 Jun, 2018 12:00am
Against the grain: Australian banks face rural lending reckoning

Against the grain: Australian banks face rural lending reckoning

Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013. "I got a letter
Published 25 Jun, 2018 12:00am
UK ministers take aim at business over Brexit warnings

UK ministers take aim at business over Brexit warnings

The British government and business leaders clashed in a deepening row over Brexit on Sunday after a senior minister accused companies of issuing "completely inappropriate" threats and undermining the prime minister. Aircraft manufacturer Airbus last week
Published 25 Jun, 2018 12:00am
Egyptian Electricity Holding signs $900 million syndicated loan
Libor

Egyptian Electricity Holding signs $900 million syndicated loan

State-owned Egyptian Electricity Holding Company (EEHC) has completed a $900 million syndicated loan, banking sources close to the matter said. The debt facility, guaranteed by the Ministry of Finance, was coordinated by Credit Suisse and HSBC. It was mar
Published 25 Jun, 2018 12:00am
All grown up and nowhere to work: Berlin runs short of office space

All grown up and nowhere to work: Berlin runs short of office space

Nearly 30 years after the fall of the Wall, "cool" Berlin is booming, with some 40,000 people moving to the German capital every year to work not just at its vibrant tech start-ups but also increasingly at big multinational firms. As the city once seen as
Published 25 Jun, 2018 12:00am
German farmers see big crop losses due to warm weather

German farmers see big crop losses due to warm weather

German farmers could lose around half their harvests - and in some cases all of them - due to unusually warm temperatures and dryness seen in May, the head of the German Farmers' Association said in an interview published on Sunday.
Published 25 Jun, 2018 12:00am
China launches $200 million mining venture with largest Tajik smelter

China launches $200 million mining venture with largest Tajik smelter

China and Tajikistan embarked on a new $200 million gold and antimony mining venture Sunday, the Tajik presidential press service said, as Beijing expands its hold over the impoverished Central Asian country's mineral resources. On Sunday a groundbreaking
Published 25 Jun, 2018 12:00am
Etihad tells pilots they can join rival Emirates on secondment

Etihad tells pilots they can join rival Emirates on secondment

Etihad Airways has told its pilots they can join rival Emirates on a temporary basis for two years, according to an internal Etihad email seen by Reuters, as the downsizing of the Abu Dhabi carrier's operations helps fill a pilot shortage for Dubai's Emir
Published 25 Jun, 2018 12:00am
Rotterdam says 'considerable' fuel oil spilled in harbour

Rotterdam says 'considerable' fuel oil spilled in harbour

The Port of Rotterdam said on Sunday a clean-up operation was underway after an oil freighter punctured its hull while mooring, releasing a "considerable" amount of heavy fuel oil. Odfjell, the owner of the freighter Bow Jubail, said in a statement the sh
Published 25 Jun, 2018 12:00am
HBO website and comedian John Oliver censored in China

HBO website and comedian John Oliver censored in China

It was one Winnie the Pooh joke too far. After mocking censors working over time to delete comparisons of President Xi Jinping with the cartoon bear, comedian John Oliver and now the website of TV giant HBO have fallen victim to China's censorship machine
Published 25 Jun, 2018 12:00am
France extradites Serb war crimes suspect to Bosnia

France extradites Serb war crimes suspect to Bosnia

France has extradited to Bosnia a former ethnic Serb solider accused of taking part in the burning alive of more than 50 Muslim civilians during the country's 1990s war, prosecutors said Sunday. Radomir Susnjar, 62, known also as 'Lalco,' was identified a
Published 25 Jun, 2018 12:00am
Trump adviser Kushner criticises Abbas, says US peace plan near

Trump adviser Kushner criticises Abbas, says US peace plan near

Jared Kushner, US President Donald Trump's senior adviser, said Washington would announce its Middle East peace plan soon, and press on with or without Palestinian president Mahmoud Abbas. The comments underlined gaping divisions between Washington and th
Published 25 Jun, 2018 12:00am
32 Fula civilians killed in Mali attack

32 Fula civilians killed in Mali attack

At least 32 civilians were killed and ten are missing following an attack in central Mali, believed to have been carried out by traditional hunters, local officials said Sunday. Armed Dozo hunters, linked to the Dogon ethnic group, were suspected of ambus
Published 25 Jun, 2018 12:00am
Nicaragua clashes leave eight dead including baby

Nicaragua clashes leave eight dead including baby

At least eight people including a baby were killed Saturday when pro-government forces clashed with opponents in Nicaragua, according to a rights group. Seven people were killed in the capital Managua and one in Masaya and a baby was among the dead, said
Published 25 Jun, 2018 12:00am
Prince William in Jordan for historic Middle East tour

Prince William in Jordan for historic Middle East tour

Prince William flew in to Jordan on Sunday at the launch of a Middle East tour that will see him become the first British royal to pay official visits to both Israel and the Palestinian territories. He was greeted at Amman's Marka military airport by Crow
Published 25 Jun, 2018 12:00am
Zimbabwe pledges vote will go ahead despite rally attack

Zimbabwe pledges vote will go ahead despite rally attack

Zimbabwe ruled out Sunday delaying July elections after a bomb blast at a ruling party rally in which President Emmerson Mnangagwa narrowly escaped unharmed. Vice President Constantino Chiwenga - who was among those injured in Saturday's attack - said the
Published 25 Jun, 2018 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 19 to 22, 2018).

Published 25 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (June 24, 2018) and the forecast for Monday (June 25, 2018).

Published 25 Jun, 2018 12:00am
Gas price may be increased from July 1

Gas price may be increased from July 1

Federal government may increase the price of gas upon the recommendations of Oil and Gas Regulatory Authority (Ogra) from July 1, 2018. Both utility companies - Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) had filed their
Published 25 Jun, 2018 12:00am
Gas price may be increased from July 1

Gas price may be increased from July 1

Federal government may increase the price of gas upon the recommendations of Oil and Gas Regulatory Authority (Ogra) from July 1, 2018. Both utility companies - Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) had filed their
Published 25 Jun, 2018 12:00am
Gas price may be increased from July 1

Gas price may be increased from July 1

Federal government may increase the price of gas upon the recommendations of Oil and Gas Regulatory Authority (Ogra) from July 1, 2018. Both utility companies - Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) had filed their
Published 25 Jun, 2018 12:00am
Mixed patterns
Currency

Mixed patterns

The rupee adopted divergent trend versus the dollar on the money market during the shortened week, ended on June 23, 2018.
Published 25 Jun, 2018 12:00am
Mixed patterns
Currency

Mixed patterns

The rupee adopted divergent trend versus the dollar on the money market during the shortened week, ended on June 23, 2018.
Published 25 Jun, 2018 12:00am
Missing persons: SC orders establishment of special cell

Missing persons: SC orders establishment of special cell

The Supreme Court ordered on Sunday the establishment of a special cell to investigate the cases of missing persons. Chief Justice Mian Saqib Nisar had earlier taken suo motu notice of the missing persons and ordered the authorities concerned to locate th
Published 25 Jun, 2018 12:00am
Missing persons: SC orders establishment of special cell

Missing persons: SC orders establishment of special cell

The Supreme Court ordered on Sunday the establishment of a special cell to investigate the cases of missing persons. Chief Justice Mian Saqib Nisar had earlier taken suo motu notice of the missing persons and ordered the authorities concerned to locate th
Published 25 Jun, 2018 12:00am
Imposition of advance tax: OCAC seeks clarification on Finance Act 2018

Imposition of advance tax: OCAC seeks clarification on Finance Act 2018

Oil Companies Advisory Council (OCAC) has approached Federal Board of Revenue (FBR) seeking clarification on Finance Act 2018 whether advance tax imposed under section 236HA of the Income Tax Ordinance, 2001 is also required to be collected from distribut
Published 25 Jun, 2018 12:00am
Imposition of advance tax: OCAC seeks clarification on Finance Act 2018

Imposition of advance tax: OCAC seeks clarification on Finance Act 2018

Oil Companies Advisory Council (OCAC) has approached Federal Board of Revenue (FBR) seeking clarification on Finance Act 2018 whether advance tax imposed under section 236HA of the Income Tax Ordinance, 2001 is also required to be collected from distribut
Published 25 Jun, 2018 12:00am
Imposition of advance tax: OCAC seeks clarification on Finance Act 2018

Imposition of advance tax: OCAC seeks clarification on Finance Act 2018

Oil Companies Advisory Council (OCAC) has approached Federal Board of Revenue (FBR) seeking clarification on Finance Act 2018 whether advance tax imposed under section 236HA of the Income Tax Ordinance, 2001 is also required to be collected from distribut
Published 25 Jun, 2018 12:00am
As trade war looms, China cuts some banks' reserve requirements

As trade war looms, China cuts some banks' reserve requirements

China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.
Published 25 Jun, 2018 12:00am
As trade war looms, China cuts some banks' reserve requirements

As trade war looms, China cuts some banks' reserve requirements

China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.
Published 25 Jun, 2018 12:00am
As trade war looms, China cuts some banks'' reserve requirements

As trade war looms, China cuts some banks'' reserve requirements

China''s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.
Published 25 Jun, 2018 12:00am
Equities stay in red zone

Equities stay in red zone

Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 22, 2018 due to selling in almost all sectors. BRIndex100 lost 230.66 points on week-on-week basis to close at 4,454.43 points. Average daily trading volumes stood at 1
Published 25 Jun, 2018 12:00am
Equities stay in red zone

Equities stay in red zone

Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 22, 2018 due to selling in almost all sectors. BRIndex100 lost 230.66 points on week-on-week basis to close at 4,454.43 points. Average daily trading volumes stood at 1
Published 25 Jun, 2018 12:00am
Equities stay in red zone

Equities stay in red zone

Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 22, 2018 due to selling in almost all sectors. BRIndex100 lost 230.66 points on week-on-week basis to close at 4,454.43 points. Average daily trading volumes stood at 1
Published 25 Jun, 2018 12:00am
Futures spread up by 13bps

Futures spread up by 13bps

The futures spread increased by 13bps to 7.70 percent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily volumes increased by 16.7 percent to 38.99 million shares.
Published 25 Jun, 2018 12:00am
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