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Archive - 2018-06-29
The CPEC story
Currency

The CPEC story

With the Pacific Ocean dominated by the US and Japan while the Indian Ocean by the US (conceivably along with its new ally India), China has to turn to its centuries old land routes. As far back as the 13th century, Genghis Khan was exhorting his generals
Updated 30 Jun, 2018 08:27am
Fossil skeleton
Featured Photos

Fossil skeleton

A skeleton fossil of a prehistoric life at the Kenneth E. Behring River and Life Museum of Wuhan Natural History Mus
Published 29 Jun, 2018 06:45pm
Life Museum
Featured Photos

Life Museum

People visit the Kenneth E. Behring River and Life Museum of Wuhan Natural History Museum in Wuhan, central China's
Published 29 Jun, 2018 05:10pm
Bullion Prices on Friday
Markets

Bullion Prices on Friday

KARACHI: Following were the Bullion Prices in Karachi on Friday. KARACHI: (per 10 gram) Gold Tezabi 24 CT     
Published 29 Jun, 2018 04:57pm
EU summit agrees deal on migration: Tusk
Front Top News

EU summit agrees deal on migration: Tusk

Brussels: EU leaders struck a deal on migration after all-night talks, the bloc's president Donald Tusk said Friday, aft
Published 29 Jun, 2018 08:40am
Defence minister calls on PM
Front Top News

Defence minister calls on PM

ISLAMABAD: Minister for Defence Lt Gen (Retd) Naeem Khalid Lodhi called on caretaker Prime Minister Justice (Retd) Nasir
Published 29 Jun, 2018 07:28am
Cement expansions on track
Industry

Cement expansions on track

Since this year began, cement expansions that were announced during 2016 and 2017 are officially on the road. Lucky Ceme
Published 29 Jun, 2018 07:11am
Steady urea off-take
Miscellaneous

Steady urea off-take

Kharif season continued its journey on the good note that it started with, as the latest statistics released by the Nati
Published 29 Jun, 2018 07:08am
ECP extends polling time by one hour
Pakistan Top News

ECP extends polling time by one hour

Election Commission of Pakistan (ECP) extended on Friday polling timings by one hour for the general elections sched
Published 29 Jun, 2018 07:06am
Issuance of CNICs to transgender to be made easy: CS

Issuance of CNICs to transgender to be made easy: CS

Chief Secretary Punjab Akbar Hussain Durrani has said that as per orders of the Supreme Court the process of issuance of computerized national identity cards (CNICs) to transgender people would be made simple and easy. He directed that facilitation center
Published 29 Jun, 2018 12:00am
Foremost priority to hold transparent polls: Askari

Foremost priority to hold transparent polls: Askari

Punjab caretaker Chief Minister, Dr Hasan Askari on Thursday said that foremost priority of the caretaker setup is to ensure holding of peaceful and transparent elections and all the necessary arrangements are being made in this regard.
Published 29 Jun, 2018 12:00am
Imran, wife visit Baba Farid's shrine

Imran, wife visit Baba Farid's shrine

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan along with his wife, Bushra Maneka, paid a visit to the shrine of Baba Fariduddin Ganjshakar in Pakpattan on Wednesday night. The visit to the Sufi shrine came at a time when tough general elections are a
Published 29 Jun, 2018 12:00am
Four killed, 40 hurt as bus overturns in Rajanpur

Four killed, 40 hurt as bus overturns in Rajanpur

As many as four people were killed and 40 sustained injuries on Thursday as a passenger bus overturned on Rajanpur highway near Jampur Boys College. As per details garnered, the bus was moving from Peshawar to Karachi when the incident happened. Out of 40
Published 29 Jun, 2018 12:00am
Grey list: LCCI terms FATF's decision 'a bad omen' for economy

Grey list: LCCI terms FATF's decision 'a bad omen' for economy

The Lahore Chamber of Commerce and Industry has expressed grave concern over the decision of Financial Action Task Force (FATF) to keep Pakistan in "Grey List" and termed it a bad omen for the economy. LCCI President Malik Tahir Javaid said that a couple
Published 29 Jun, 2018 12:00am
METRO Pakistan joins hands with UN Women

METRO Pakistan joins hands with UN Women

METRO Cash & Carry Pakistan has joined hands with UN Women by signing Women Empowerment Principles to promote Women in Trade (WiT) initiative to enhance the capability of informal workers, along with its employees in line with United Nations Sustainable D
Published 29 Jun, 2018 12:00am
'PIA making systematic improvements at all levels at IIAP'

'PIA making systematic improvements at all levels at IIAP'

On the subject of video clip circulating on the web on delayed baggage delivery challenges face at new Islamabad Airport. According to a press release issued by PIA here on Thursday, it is reiterated that this an old incident and notice by PIA President a
Published 29 Jun, 2018 12:00am
Over 22,300 apply for admissions to ITU

Over 22,300 apply for admissions to ITU

As compared to Fall 2017, the Information Technology University (ITU) of the Punjab has so far received all-time record 22,360 admission applications for Fall 2018, resulting in an approximate 40% increase in number of applications. This hike is indicativ
Published 29 Jun, 2018 12:00am
'Telenor focusing on high speed data service'

'Telenor focusing on high speed data service'

Telenor has tailored a high-speed 4G experience that best meets the unique needs of today's hyperactive lifestyles, said Bilal Kazmi, Chief Marketing Officer at Telenor Pakistan. "The need for high-speed mobile data is one of the customers' main demands a
Published 29 Jun, 2018 12:00am
FCY accounts: FBR explains how to make payment in US dollars
Currency

FCY accounts: FBR explains how to make payment in US dollars

Federal Board of Revenue (FBR) Thursday clarified that declarants of foreign assets having foreign currency accounts will make tax payments in US dollars and they will request their respective banks to make payments to State Bank of Pakistan (SBP) in US d
Published 29 Jun, 2018 12:00am
US MIDDAY: gold stays at six-month low
Currency

US MIDDAY: gold stays at six-month low

Gold fell to its lowest level in more than six months on Thursday, as mounting pressure from trade disputes and the expectation of higher US interest rates continue to weigh on bullion, despite the greenback losing steam. US-driven trade confrontations hu
Published 29 Jun, 2018 12:00am
US MIDDAY: corn, soyabeans ease

US MIDDAY: corn, soyabeans ease

US corn and soyabeans futures drifted lower on Thursday ahead of a key US government report due on Friday expected to raise estimates of US 2018 corn and soyabean plantings. Wheat also eased, pressured by an accelerating US winter crop harvest and reports
Published 29 Jun, 2018 12:00am
Gold steadies in European trade
Currency

Gold steadies in European trade

Gold steadied after falling to its lowest in more than six months on Thursday as mounting pressure from a US-driven trade dispute propelled the dollar to near a one-year high and led investors to dump equities. Global equities slipped to their lowest in a
Published 29 Jun, 2018 12:00am
Gold down in Asia

Gold down in Asia

Gold prices hit their lowest in more than six months on Thursday as the greenback held near one-year highs amid mounting US-China trade friction. Spot gold was down 0.2 percent at $1,249.71 an ounce, as of 0752 GMT. Earlier in the session, the bullion tou
Published 29 Jun, 2018 12:00am
Gold extends downward trend in New York

Gold extends downward trend in New York

Gold prices dipped to a fresh six-month low on Wednesday as the US dollar strengthened, making bullion more expensive for buyers using other currencies. Platinum also hit its lowest level since February 2016.
Published 29 Jun, 2018 12:00am
Cocoa rallies, takes back prior session's steep losses
Currency

Cocoa rallies, takes back prior session's steep losses

Cocoa futures on ICE rallied 3 percent on Thursday, recouping the prior session's sharp losses and lifting the spot London contract's premium over September, as the markets found short-term support levels. September London cocoa settled up 52 pounds, or 3
Published 29 Jun, 2018 12:00am
Malaysian palm oil jumps
Vegetable Oil

Malaysian palm oil jumps

Malaysian palm oil futures rose more than 1 percent to its highest in over two weeks on Thursday, gaining on the back of a weaker ringgit and a favourable palm oil-to-gasoil spread. A weaker ringgit, palm's currency of trade, usually makes palm oil cheape
Published 29 Jun, 2018 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures extended gains into a third session on Thursday as investors continued to look for bargains and speculators unwound short positions, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for December delivery fi
Published 29 Jun, 2018 12:00am
US oil prices hit 3-1/2 years high on concern over Iran sanctions

US oil prices hit 3-1/2 years high on concern over Iran sanctions

Oil prices climbed on Thursday, with US crude hitting a three-and-a-half year high, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran. West Texas Intermediate (WTI) crude futures rose 69 cents, nearl
Published 29 Jun, 2018 12:00am
Trade war jitters push base metals lower
Currency

Trade war jitters push base metals lower

Copper fell to a three-month low on Thursday, easing along with other metals on concerns that an escalation in the global trade war could hit economic growth and demand for industrial metals. Benchmark copper ended 1 percent lower at $6,623 per tonne, aft
Published 29 Jun, 2018 12:00am
Cotton slides to one-week low
Cotton

Cotton slides to one-week low

ICE cotton futures hit its lowest in more than a week on Thursday, falling about 1.5 percent ahead of a federal crop acreage report amid concerns surrounding an ongoing feud between the United States and China. The most active cotton contract on ICE Futur
Published 29 Jun, 2018 12:00am
Italy threatens to torpedo EU migration summit
Currency

Italy threatens to torpedo EU migration summit

Italy's hardline new premier threatened Thursday to sink a crunch EU summit on migration that embattled German Chancellor Angela Merkel warned could decide the bloc's fate. Prime Minister Giuseppe Conte, who heads Italy's month-old populist and anti-immig
Published 29 Jun, 2018 12:00am
Top Bangladeshi Islamist extremist killed

Top Bangladeshi Islamist extremist killed

Bangladeshi police said that a top Islamist extremist in police custody was killed on Thursday, in the latest in a string of what activists suspect are extra-judicial killings. Abdur Rahman was a regional military chief of a group blamed for a 2016 attack
Published 29 Jun, 2018 12:00am
Qatar 'must stop support for terror', top UN court told

Qatar 'must stop support for terror', top UN court told

Abu Dhabi on Thursday called on Doha to stop "supporting terrorist groups and individuals" and strongly denied human rights abuses against Qatari citizens before the UN's top court. The bitter Gulf crisis pitting Doha against its neighbours including the
Published 29 Jun, 2018 12:00am
Another deadly fire rips through Kenyan capital's main market

Another deadly fire rips through Kenyan capital's main market

A fire at Nairobi's Gikomba market killed 15 people on Thursday less than a year after a blaze destroyed much of the Kenyan capital's largest open-air market. "We have lost 15 people from this tragedy this morning," said regional coordinator Kangethe Thuk
Published 29 Jun, 2018 12:00am
BAE wins huge Australian frigate contract

BAE wins huge Australian frigate contract

Australia is awarding Britain's BAE Systems a $26 billion contract to build a new generation of frigates, the British government said Thursday, as the Pacific nation undertakes an ambitious naval programme in part to counter China. "BAE Systems has been c
Published 29 Jun, 2018 12:00am
Two boys killed in China knife attack near school

Two boys killed in China knife attack near school

A man stabbed two boys to death outside a Shanghai elementary school on Thursday, police said, the latest in a series of similar attacks in China in recent years.
Published 29 Jun, 2018 12:00am
Explosion kills eight Afghans as they call for peace

Explosion kills eight Afghans as they call for peace

A bomb killed eight people at a small gathering calling for peace in the Afghan province of Logar Thursday, officials said, underscoring the suffering of civilians amid growing calls for an end to the conflict.
Published 29 Jun, 2018 12:00am
Lafarge charged with complicity in Syria crimes against humanity

Lafarge charged with complicity in Syria crimes against humanity

French cement giant Lafarge was charged Thursday with complicity in crimes against humanity and financing terrorists for paying millions to jihadists, including the Islamic State group, to keep a factory open in war-torn Syria.
Published 29 Jun, 2018 12:00am
Bloodiest day yet in south Syria offensive

Bloodiest day yet in south Syria offensive

A barrage of Russian strikes on rebel-held towns in southern Syria killed 22 civilians on Thursday, the bloodiest day yet of the government's latest offensive in the strategic region. With Russia's help, Syrian President Bashar al-Assad's army has battere
Published 29 Jun, 2018 12:00am
Colombia through as Senegal suffer yellow card heartache

Colombia through as Senegal suffer yellow card heartache

Colombia's Yerry Mina thumped home a second-half header to secure a dramatic 1-0 victory over Senegal on Thursday that catapulted the South Americans into the World Cup last 16 and dumped their African opponents out of tournament. Senegal had only needed
Published 29 Jun, 2018 12:00am
'Sorry' Germany back home after World Cup crash

'Sorry' Germany back home after World Cup crash

Germany's chastened national team arrived home Thursday after their shock World Cup exit plunged the football-mad nation into mourning and left the future of coach Joachim Loew in the balance. The four-time champions landed at Frankfurt airport shortly af
Published 29 Jun, 2018 12:00am
Thiago, Paulinho steer Brazil into last 16

Thiago, Paulinho steer Brazil into last 16

Brazil eased into the World Cup knockout stages after defeating Serbia 2-0 here Wednesday, with superstar Neymar sparkling in a win which sets up a last 16 clash against Mexico. Paulinho put Brazil ahead with a superb dinked finish on 36 minutes before Ne
Published 29 Jun, 2018 12:00am
SNGPL Pakistan International Squash Circuit-II in semis stage

SNGPL Pakistan International Squash Circuit-II in semis stage

All the seeded players qualified for semifinals of the SNGPL Pakistan International Squash Circuit-II Men's and Women's 2018 after defeating their respective opponents in the quarterfinals played here at the Punjab Squash Complex courts on Thursday. In th
Published 29 Jun, 2018 12:00am
Angry Maradona offers reward over 'death' report

Angry Maradona offers reward over 'death' report

Diego Maradona has offered a $10,000 reward to identify the source of reports he had died after Argentina's World Cup match against Nigeria, his lawyer said Thursday. The reports, circulated via WhatsApp voice messages from a man with an Argentine accent,
Published 29 Jun, 2018 12:00am
Telefonica wins Spain's 2018-2021 Champions League rights

Telefonica wins Spain's 2018-2021 Champions League rights

Spanish telecoms giant Telefonica said Thursday it had bought the rights to broadcast UEFA Champions League and Europa League matches in Spain from Mediapro for the next three seasons for just over one billion euros ($1.1 billion).
Published 29 Jun, 2018 12:00am
Blistering Buttler sets up England T20 win over Australia

Blistering Buttler sets up England T20 win over Australia

Jos Buttler hit the fastest fifty by an England batsman in a Twenty20 international to lay the platform for a 28-run win over Australia at Edgbaston on Wednesday. Australia, set 222 for victory, lost half their wickets inside nine overs to be 72 for five.
Published 29 Jun, 2018 12:00am
Inter, Atletico among Beckham Miami MLS club name ideas

Inter, Atletico among Beckham Miami MLS club name ideas

Retired England star David Beckham's new Major League Soccer club in Miami will soon announce a name, logo and team colors, the Miami Herald reported Thursday. Futbol Club Internacional de Miami (Inter Miami), Futbol Club Atletico Miami (Atletico Miami) a
Published 29 Jun, 2018 12:00am
Multan, Abbottabad to play blind cricket final

Multan, Abbottabad to play blind cricket final

Multan and Abbottabad to clash in the cricket final part of the ongoing 26th edition of the Games for Persons with Disability being played by Directorate of Sports Khyber Pakhtunkhwa here at different venues Comsats University on Thursday.
Published 29 Jun, 2018 12:00am
FTSE dips as trade worries dull risk appetite again

FTSE dips as trade worries dull risk appetite again

The UK's top share index fell on Thursday on renewed concerns over global trade but a strong performance of defensive stocks and a weaker pound helped limit its losses. The blue chip FTSE 100 index closed down 0.1 percent at 7,615.63 points while the pan-
Published 29 Jun, 2018 12:00am
Southeast Asian stocks largely down
Currency

Southeast Asian stocks largely down

Most Southeast Asian stock markets fell on Thursday, in line with broader Asia on worries that mounting Sino-US trade tensions are hurting global economic growth. Indonesian shares slumped 2.1 percent to their lowest close since mid-May 2017, extending th
Published 29 Jun, 2018 12:00am
European shares fall as weaker yuan stokes trades worries

European shares fall as weaker yuan stokes trades worries

European shares slid again on Thursday as China's retreating yuan exacerbated trade tensions and encouraged investors to sell risky assets and search for stock market safe havens. After clawing back some ground on Wednesday, the pan-European STOXX 600 and
Published 29 Jun, 2018 12:00am
Chinese shares slump
Currency

Chinese shares slump

Chinese shares slumped to fresh two-years lows on Friday and were set for their worst monthly performance in years as trade tensions with the United States and worries about debt dimmed the outlook for China's economy. Fears of a trade war also buffeted t
Published 29 Jun, 2018 12:00am
Dubai recovers from 11-day losing streak; Saudi index flat

Dubai recovers from 11-day losing streak; Saudi index flat

Dubai stocks closed on a positive note on Thursday after 11 straight days of losses, while the Saudi market was flat as investors held back from taking new positions ahead of announcements of second quarter company results. The Dubai index inched up 0.2 p
Published 29 Jun, 2018 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell to four-week lows on Wednesday on concerns that trade wars will harm economic growth, even after US President Donald Trump indicated that he would not impose restrictions on Chinese investments in US technology firms. Trump said he
Published 29 Jun, 2018 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell to four-week lows on Wednesday on concerns that trade wars will harm economic growth, even after US President Donald Trump indicated that he would not impose restrictions on Chinese investments in US technology firms. Trump said he
Published 29 Jun, 2018 12:00am
Australian shares up; New Zealand little changed

Australian shares up; New Zealand little changed

Australian shares edged higher on Thursday, snapping four straight sessions of fall, on the back of gains in banks, while a recovery in commodity prices spurred demand for materials. The S&P/ASX 200 index closed 0.3 percent, or 19.5 points, higher at 6,21
Published 29 Jun, 2018 12:00am
Wall Street tumbles on renewed US-China trade jitters

Wall Street tumbles on renewed US-China trade jitters

US stocks fell on Wednesday on renewed uncertainty regarding the US stance on Chinese investments in American technology companies, reversing gains earlier in the session. At the market open, stocks rose as President Donald Trump said he will use a streng
Published 29 Jun, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower Thursday on revived trade war fears with fresh comments from the US administration sending mixed messages on a US-China commercial confrontation. The Nikkei 225 index lost 0.01 percent, or 1.38 points, to end at 22,270.39 while t
Published 29 Jun, 2018 12:00am
Indian shares down

Indian shares down

Indian shares fell for a second straight day on Thursday as investors turned cautious on the expiry of derivatives contracts, while the rupee hit a record low amid intensifying global trade war. The broader NSE index ended 0.77 percent lower at 10,589.10,
Published 29 Jun, 2018 12:00am
Sterling falls to eight-month low
Currency

Sterling falls to eight-month low

The pound fell to its lowest since early November on Thursday as investors fretted that a European Union summit would underline how there has been no meaningful progress for months in negotiations on a Brexit deal. This lack of progress, combined with a s
Published 29 Jun, 2018 12:00am
Aussie, kiwi down

Aussie, kiwi down

The Australian and New Zealand dollars hunkered near multi-month lows on Thursday as concerns about sliding asset prices in China clouded the outlook for both global growth and home-grown exports. Speculators have been selling the currencies as a liquid p
Published 29 Jun, 2018 12:00am
Asian forex: Indian rupee, Indonesian rupiah hit milestone lows
Currency

Asian forex: Indian rupee, Indonesian rupiah hit milestone lows

Most Asian currencies edged down on Thursday, as a trade dispute between the world's two largest economies continued to keep investors on edge due to its potential spillover effect. "Asian currencies are influenced by what happens to the renminbi and sinc
Published 29 Jun, 2018 12:00am
Sri Lankan rupee eases
Currency

Sri Lankan rupee eases

The Sri Lankan rupee closed marginally weaker on Thursday as dollar demand from importers and banks in late trade surpassed selling of the US currency in early trade and inward remittances, dealers said. The rupee ended at 158.20/40 per dollar, compared w
Published 29 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. 83.70-83.75 (Previous 83.70-83.70).
Published 29 Jun, 2018 12:00am
Euro springs back in European trade
Currency

Euro springs back in European trade

The dollar turned lower on Thursday, giving up early gains as rising inflation in some German regions prompted some traders to buy the euro, though rebalancing flows for the half year checked sharp losses. With concerns about trade dominating global marke
Published 29 Jun, 2018 12:00am
Dollar steadies against peers in Asia
Currency

Dollar steadies against peers in Asia

The dollar was steady against its peers on Thursday, having failed to extend overnight gains amid conflicting signals from Washington on a proposal to restrict Chinese investment as the bitter US-China trade row kept financial markets on edge. Demand stok
Published 29 Jun, 2018 12:00am
EU banks face money laundering action after Malta, Latvia cases

EU banks face money laundering action after Malta, Latvia cases

European Union banks face an anti-money laundering crackdown before the end of the year following allegations of wrongdoing at two Latvian and Maltese lenders, top officials say. The collapse of Latvia's ABLV and the freezing of operations at Malta's Pila
Published 29 Jun, 2018 12:00am
China steps up property market scrutiny in 30 cities

China steps up property market scrutiny in 30 cities

China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities this year, mobilizing powers from seven major Chinese government agencies in a concerted effort to rein in rising prices. The property market has bee
Published 29 Jun, 2018 12:00am
UK consumer economy slows, manufacturing perks up: BoE, EU surveys

UK consumer economy slows, manufacturing perks up: BoE, EU surveys

Britain's consumer economy remains in the doldrums despite solid growth in manufacturing, two surveys showed on Tuesday, providing mixed reading for Bank of England officials as they weigh whether to raise interest rates. Sales growth across consumer serv
Published 29 Jun, 2018 12:00am
US GDP growth in Q1 trimmed; labour market strong

US GDP growth in Q1 trimmed; labour market strong

The US economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts.
Published 29 Jun, 2018 12:00am
Former Equifax manager charged

Former Equifax manager charged

US securities regulators announced insider trading charges on Thursday against a former Equifax manager who sold shares in the company before it disclosed a giant data breach. Sudhakar Reddy Bonthu, a product development manager at Equifax, allegedly nett
Published 29 Jun, 2018 12:00am
Founder of troubled Dubai firm Abraaj risks jail term

Founder of troubled Dubai firm Abraaj risks jail term

The founder of embattled Dubai-based group Abraaj, the region's largest private equity firm, faces a possible three-year jail term over bounced cheques for millions of dollars, lawyers said on Thursday. A court in the UAE city of Sharjah will issue its ru
Published 29 Jun, 2018 12:00am
China further eases foreign investment curbs

China further eases foreign investment curbs

China unveiled on Thursday a long-anticipated easing of foreign investment curbs on sectors including banking, the automotive and heavy industries, and agriculture as Beijing moved to fulfil its promise to open its markets further.
Published 29 Jun, 2018 12:00am
Nestle suspended from 'sustainable' palm oil body

Nestle suspended from 'sustainable' palm oil body

Swiss food giant Nestle confirmed Thursday the suspension of its membership in a body aimed at ensuring sustainable palm oil production and use, blaming "fundamental differences" in theories on how to reach that goal.
Published 29 Jun, 2018 12:00am
Apple and Samsung settle lengthy iPhone patent battle

Apple and Samsung settle lengthy iPhone patent battle

After seven years of litigation that spanned the globe, Apple and Samsung have definitively ended a patent battle launched after the US company accused its rival of "slavishly" copying the iPhone's groundbreaking design.
Published 29 Jun, 2018 12:00am
German inflation surpasses ECB target in June

German inflation surpasses ECB target in June

German inflation surpassed the target set by the European Central Bank for the euro zone in June, the second month in a row it has done so, lending support to the ECB's decision to close its bond purchase scheme at the end of the year.
Published 29 Jun, 2018 12:00am
India preparing for cut in oil imports from Iran

India preparing for cut in oil imports from Iran

India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran.
Published 29 Jun, 2018 12:00am
BP bets on electric car boom

BP bets on electric car boom

British energy major BP on Thursday bought the nation's largest electric vehicle charging firm, as it bets on booming demand in the coming decades.
Published 29 Jun, 2018 12:00am
Meager sales on cotton market
Cotton

Meager sales on cotton market

Few sales on the ready cotton market were reported on Thursday. Even though the domestic spinners are reported to be doing well, it appears that many mills have already purchased cotton through imports as there were reports of a lower cotton crop (August
Published 29 Jun, 2018 12:00am
Meager sales on cotton market
Cotton

Meager sales on cotton market

Few sales on the ready cotton market were reported on Thursday. Even though the domestic spinners are reported to be doing well, it appears that many mills have already purchased cotton through imports as there were reports of a lower cotton crop (August
Published 29 Jun, 2018 12:00am
CBOT wheat futures hit two-month low

CBOT wheat futures hit two-month low

Chicago Board of Trade wheat futures hit a two-month low on Tuesday, with the K.C. hard red winter wheat market hitting its lowest level in nearly five months on fund-driven long liquidation and pressure from the harvest in the southern Plains, traders sa
Published 29 Jun, 2018 12:00am
Spot rate rises
Cotton

Spot rate rises

Official spot rate went up on the cotton market on Thursday as reports of rains propelled mills and spinners to make deals despite higher rates, dealers said. The official spot rate was up by Rs 100 to Rs 7,600, they added. Prices of seed cotton in Sindh
Published 29 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 131,456 tonnes of cargo comprising 84,848 tonnes of import cargo and 46,608 tonnes of export cargo including 8,060 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 84
Published 29 Jun, 2018 12:00am
Palm oil mixed on European vegoils market
Vegetable Oil

Palm oil mixed on European vegoils market

Palm oil on the European vegetable oils market was offered in a tight range on Tuesday, with support from stronger CBOT soyaoil futures countered by weaker Malaysian palm oil prices. Asking prices for palm oil were between $5 a tonne up and $5 down from M
Published 29 Jun, 2018 12:00am
CBOT corn futures higher

CBOT corn futures higher

Chicago Board of Trade corn futures closed higher on Tuesday on bargain buying, following a choppy session as traders adjusted positions ahead of key acreage and stocks reports due later this week from the US Department of Agriculture, traders said. CBOT
Published 29 Jun, 2018 12:00am
Ukraine's grain exports down

Ukraine's grain exports down

Ukraine's grain exports have reached 39 million tonnes since the season began in July, down from around 43 million tonnes at the same point last season, the agriculture ministry said on Tuesday. So far in the 2017/18 season, which runs from July to June,
Published 29 Jun, 2018 12:00am
China's May net gold imports surge

China's May net gold imports surge

China's net gold imports via main conduit Hong Kong surged 50 percent in May from the previous month, data showed on Tuesday. Imports via Hong Kong by the world's top consumer of the metal, minus exports, rose to 57.649 tonnes in May from 38.428 tonnes in
Published 29 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 3,511. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.679 billion and the number of lots traded was 9,954.
Published 29 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 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 29 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 29 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 28, 2018).

Published 29 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 28, 2018).

Published 29 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 28, 2018).
Published 29 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 28, 2018).

Published 29 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 28, 2018).

Published 29 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 28, 2018).

Published 29 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 28, 2018).

Published 29 Jun, 2018 12:00am
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