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Archive - 2018-07-04
Pakistan Cables Limited
Mutual Funds

Pakistan Cables Limited

Pakistan Cables Limited (PCAL) was established in 1953 as a joint venture with BICC. Over the course of the past six decades it has become the market leader as a premier cable manufacturer in Pakistan. Pakistan Cables is part of the Chinoy Group of Compan
Updated 07 Jul, 2018 08:24am
More bad news on the economy

More bad news on the economy

Waqar Masood Khan

In our recent submissions (BR: 19-6-2018), while commenting on the first eleven-month fiscal outcome, we had apprehended that the deficit could reach as high as 7%of GDP or Rs 2.4 trillion. However, a report has indicated that it
Updated 07 Jul, 2018 07:16am
Bullion Prices on Wednesday
Markets

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi and Multan on Wednesday. KARACHI: (per 10 gram) Gold Tez
Published 04 Jul, 2018 05:09pm
Afghan envoy calls on COAS
Pakistan

Afghan envoy calls on COAS

RAWALPINDI: Afghan Ambassador to Pakistan, Dr Hazrat Omar Zakhilwal Wednesday called on Chief of Army Staff (COAS),
Published 04 Jul, 2018 02:14pm
Hong Kong stocks flat at open
Financial

Hong Kong stocks flat at open

HONG KONG: Hong Kong stocks were flat shortly after opening on Wednesday as investors took a breather after the previous
Published 04 Jul, 2018 09:07am
Tokyo stocks open lower
Financial

Tokyo stocks open lower

Tokyo: Tokyo stocks opened lower on Wednesday tracking falls on Wall Street that were led by weakness in tech shares as
Published 04 Jul, 2018 07:06am
Time to be a maverick?
Oil and Gas

Time to be a maverick?

As an oil producing country, Iran enjoys a significant trade surplus which peaked at over $81 billion in 2012 and was le
Published 04 Jul, 2018 06:58am
Poland's Supreme Court top judge defies retirement order

Poland's Supreme Court top judge defies retirement order

In a heated showdown over the country's Supreme Court, Poland announced Tuesday that its top judge would retire on July 4 in line with a disputed reform by the right-wing government, but the chief justice herself has refused to step down.
Published 04 Jul, 2018 12:00am
Askari orders early disposal of rainwater

Askari orders early disposal of rainwater

Caretaker Punjab Chief Minister Dr Hasan Askari has issued necessary directions to the administration, concerned agencies as well as the WASA authorities in different districts for early disposal of rain water accumulated due to torrential rains in the pr
Published 04 Jul, 2018 12:00am
LDA cancels leaves of staff

LDA cancels leaves of staff

Following the footsteps of Water and Sanitation Agency (WASA), the Lahore Development Authority (LDA) has also cancelled leaves of its employees keeping in view the emergency situation in the city oozing out of torrential rain over the last 24 hours. Sour
Published 04 Jul, 2018 12:00am
Speakers highlight significance of upcoming polls

Speakers highlight significance of upcoming polls

Eminent jurists, politicians, writers and analysts have described the 2018 general election as the most crucial in the history of Pakistan, therefore every effort should be made to make it credible, reliable and acceptable by all stakeholders. They stated
Published 04 Jul, 2018 12:00am
Young leaders moot focuses on global economic challenges

Young leaders moot focuses on global economic challenges

Willing to learn new ideas and approaches, the participants of 17th Young Leaders Conference on the third day of the moot Tuesday focused on global economic challenges with an emphasis on sustainable development and responsible leadership.
Published 04 Jul, 2018 12:00am
Imran accuses Shahbaz of wasting public money

Imran accuses Shahbaz of wasting public money

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday criticised PML-N leader Shahbaz Sharif for wasting huge amount of public money in the name of development projects. "Where is the huge amount of Rs 350 billion spent on development of Lahore?"
Published 04 Jul, 2018 12:00am
PAD launches procurement management information system

PAD launches procurement management information system

The Punjab Agriculture Department on Tuesday launched first of its kind Procurement Management Information System (PMIS) for transparent and efficient management of public procurement leading to good governance and delivering value for taxpayer's money.
Published 04 Jul, 2018 12:00am
Shahbaz visits NA-132

Shahbaz visits NA-132

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif who is contesting election from NA-132 Lahore Tuesday visited the Constituency, as part of his election campaign. The PML-N workers warmly received Shahbaz Sharif and also chanted full throated
Published 04 Jul, 2018 12:00am
Country's economy on the path of revival: Mamnoon

Country's economy on the path of revival: Mamnoon

President of Pakistan Mamnoon Hussain has said despite all odds Pakistan is moving towards progress which shows its God-gifted potential and abilities. He expressed these views while speaking at the LCCI Ambassadors' Dinner 2018. LCCI president Malik Tahi
Published 04 Jul, 2018 12:00am
Steel melters send SOS call to government

Steel melters send SOS call to government

The Pakistan Steel Melters Association has sent an SOS call to the government for saving the industry from collapse by resolving the issues being faced by it in shape of rise in scrap rates internationally, unbridled increase in electricity tariff, rupee
Published 04 Jul, 2018 12:00am
HEC urges universities to improve academic standards

HEC urges universities to improve academic standards

The Higher Education Commission (HEC) has directed the higher education institutions to uphold academic standards in order to ensure quality education and fulfillment of all requisite criteria in quantitative and qualitative terms.
Published 04 Jul, 2018 12:00am
FCCI, APCCI sign MoU for enhancing trade

FCCI, APCCI sign MoU for enhancing trade

Pakistan has potential to almost double its exports to Australia and in this connection Faisalabad Chamber of Commerce & Industry (FCCI) is fully prepared to play its due role, said Shabbir Hussain Chawla President FCCI. He was addressing a function to in
Published 04 Jul, 2018 12:00am
Pakistan Cables Limited
Mutual Funds

Pakistan Cables Limited

Pakistan Cables Limited (PCAL) was established in 1953 as a joint venture with BICC. Over the course of the past six decades it has become the market leader as a premier cable manufacturer in Pakistan. Pakistan Cables is part of the Chinoy Group of Compan
Published 04 Jul, 2018 12:00am
SC issues directives to suggest steps for controlling population growth

SC issues directives to suggest steps for controlling population growth

The Supreme Court Tuesday directed the federal and provincial governments to suggest steps for controlling population growth. While expressing dissatisfaction over the steps taken so far at the federal and provincial levels to check population growth, Chi
Published 04 Jul, 2018 12:00am
President for exploring mineral resources in tribal areas

President for exploring mineral resources in tribal areas

President Mamnoon Hussain has said that the government will take all possible measures to explore mineral resources of tribal areas in order to raise living standards of people from these areas.
Published 04 Jul, 2018 12:00am
FWCCI's roundtable session on July 5

FWCCI's roundtable session on July 5

Faisalabad Women Chamber of Commerce & Industry (FWCCI) will arrange a roundtable dialogue session in collaboration with GIZ here on Thursday (tomorrow). President FWCCI, Rubina Amjad told on Tuesday that the objective of this session is to promote women
Published 04 Jul, 2018 12:00am
PPP demands transfer of FIA DG

PPP demands transfer of FIA DG

Pakistan Peoples Party has reminded the chief election commissioner of its letter dated June 20, 2018 demanding transfer of Director General FIA, Bashir Memon.
Published 04 Jul, 2018 12:00am
Trump says North Korea talks 'going well,' lashes critics

Trump says North Korea talks 'going well,' lashes critics

US President Donald Trump said Tuesday talks with North Korea were making progress despite reports Kim Jong Un's regime had stepped up its nuclear program after the two leaders held a historic summit.
Published 04 Jul, 2018 12:00am
Islamist-backed candidate becomes first woman mayor of Tunis

Islamist-backed candidate becomes first woman mayor of Tunis

Islamist-backed candidate Souad Abderrahim defeated a city official who served under ousted despot Zine el Abidine Ben Ali on Tuesday to become the first woman mayor of the Tunisian capital. "I dedicate this victory to all Tunisian women," Abderrahim said
Published 04 Jul, 2018 12:00am
Nobel cancels peace prize concert for lack of funds

Nobel cancels peace prize concert for lack of funds

The traditional concert after the annual awarding of the Nobel Peace Prize on December 10 in Oslo will not be staged this year due to financial difficulties, the organisers said Tuesday. "There will be no Nobel Peace Prize concert" in 2018, said a stateme
Published 04 Jul, 2018 12:00am
Foreign journalists in Russia could be branded 'agents'

Foreign journalists in Russia could be branded 'agents'

Russian lawmakers have drafted legislation that could require reporters working for selected media to be branded "foreign agents", a senior deputy said on Tuesday. Late last year Russia adopted a law allowing the government to classify foreign media organ
Published 04 Jul, 2018 12:00am
Juncker warns Britain 'we are all Irish' on Brexit

Juncker warns Britain 'we are all Irish' on Brexit

European Commission President Jean-Claude Juncker on Tuesday said the EU stood firmly with Ireland in Brexit talks, just ahead of a crunch UK cabinet meeting which he said the bloc will follow closely. Juncker addressed the European Parliament at the star
Published 04 Jul, 2018 12:00am
Macron in Nigeria to talk security, boost culture

Macron in Nigeria to talk security, boost culture

French President Emmanuel Macron on Tuesday arrived in Abuja for a meeting with his Nigerian counterpart Muhammadu Buhari, in his latest attempt to forge closer ties with English-speaking Africa. Macron's jet touched down in Abuja from Mauritania, where h
Published 04 Jul, 2018 12:00am
Brazilian ex-billionaire sentenced to 30 years prison

Brazilian ex-billionaire sentenced to 30 years prison

Eike Batista, once the richest man in Brazil, was on Tuesday sentenced to 30 years in prison for corruption and money laundering over the massive corruption scandal at state oil giant Petrobras. The 61-year-old was also fined 53 million reis ($13.6 millio
Published 04 Jul, 2018 12:00am
Partial vote recount begins in Iraq's Kirkuk

Partial vote recount begins in Iraq's Kirkuk

A partial recount of Iraq's May parliamentary vote began Tuesday in the multi-ethnic city of Kirkuk, capital of the eponymous oil-rich province where turnout for the poll was the strongest. "The counting process first started in Kirkuk because that is whe
Published 04 Jul, 2018 12:00am
France offers asylum to 80 Aquarius migrants

France offers asylum to 80 Aquarius migrants

France will grant asylum to around 80 refugees from the Aquarius rescue vessel which was at the centre of a bitter European dispute over migration last month, the country's asylum office said Tuesday. French officials interviewed 135 of the mainly African
Published 04 Jul, 2018 12:00am
Rome gives Libya 12 boats to 'fight human trafficking' at sea

Rome gives Libya 12 boats to 'fight human trafficking' at sea

The Italian government will give Libya 12 boats to help them "fight human trafficking" and curb the flow of migrants into Europe, Rome announced late Monday. The announcement comes as several EU nations are pressuring Libya to take charge of migrant rescu
Published 04 Jul, 2018 12:00am
Merkel last-ditch migrant deal reopens EU deep divisions

Merkel last-ditch migrant deal reopens EU deep divisions

German Chancellor Angela Merkel came under fire Tuesday from EU partners after she agreed to push back migrants in a last-ditch deal to save her fragile government, a move that also threatened to unleash a domino effect of European nations shutting refuge
Published 04 Jul, 2018 12:00am
Israel accuses Hamas of targeting soldiers with World Cup app

Israel accuses Hamas of targeting soldiers with World Cup app

Israeli military intelligence on Tuesday accused Hamas hackers of creating a World Cup app and two online dating sites to tempt soldiers into downloading spyware onto their phones. Briefing journalists at national defence headquarters in Tel Aviv, army in
Published 04 Jul, 2018 12:00am
Palestinians condemn Israel penalty for payments to prisoner families

Palestinians condemn Israel penalty for payments to prisoner families

Palestinian leaders on Tuesday strongly condemned a new Israeli law that will freeze money transfers to the Palestinian Authority to punish the PA's payments to families of those jailed for attacks. The move threatens the existence of the cash-strapped PA
Published 04 Jul, 2018 12:00am
Scrappy Swedes edge Swiss 1-0 to reach quarter-finals

Scrappy Swedes edge Swiss 1-0 to reach quarter-finals

A deflected shot from Emil Forsberg gave Sweden a 1-0 victory over Switzerland in a scrappy round of 16 match on Tuesday, sending the Swedes through to the World Cup quarter-finals for the first time in 24 years. A meeting with either Colombia or England
Published 04 Jul, 2018 12:00am
Germany coach Loew stays in job despite World Cup debacle

Germany coach Loew stays in job despite World Cup debacle

Germany coach Joachim Loew will remain in his job despite the World Cup holders' shock elimination in the group phase in Russia, the German Football Association (DFB) said on Tuesday. The DFB said Loew, who has been in the job for 12 years, had told Germa
Published 04 Jul, 2018 12:00am
Maradona offers to coach Argentina for free

Maradona offers to coach Argentina for free

Diego Maradona wants to return to the position of Argentina coach and is willing to work for free, as Jorge Sampaoli faces pressure to resign following their World Cup travails. Speaking on his "Hand of God" television show, the 57-year-old Maradona, who
Published 04 Jul, 2018 12:00am
This is how we proceed, says Honda after Japan defeat

This is how we proceed, says Honda after Japan defeat

Keisuke Honda said his country had a blueprint for the future despite being knocked out of the World Cup in painful fashion by Belgium on Monday. Akira Nishino's side had been 2-0 up in Rostov-on-Don thanks to goals from Genki Haraguchi and Takashi Inui,
Published 04 Jul, 2018 12:00am
Records tumble as Australia smashes Zimbabwe

Records tumble as Australia smashes Zimbabwe

A slew of records tumbled as Australia destroyed Zimbabwe by 100 runs in the Twenty20 tri-series at Harare Sports Club on Tuesday. Australian captain Aaron Finch powered his way to 172, a new world record high score in T20 internationals, and his opening
Published 04 Jul, 2018 12:00am
Nadal kills curse of 100 club as Kvitova crashes

Nadal kills curse of 100 club as Kvitova crashes

World number one Rafael Nadal breezed into the Wimbledon second round Tuesday but fellow two-time champion and title favourite Petra Kvitova crashed out. Nadal cruised to a 6-3, 6-3, 6-2 win over Israel's Dudi Sela as the Spaniard returned to action for t
Published 04 Jul, 2018 12:00am
Basketball diplomacy: South Korea teams arrive in Pyongyang

Basketball diplomacy: South Korea teams arrive in Pyongyang

A high-level South Korean delegation arrived in Pyongyang Tuesday with dozens of basketball players as North Korean leader Kim Jong Un's favourite sport becomes the latest effort at athletic diplomacy between the neighbours. Unification Minister Cho Myoun
Published 04 Jul, 2018 12:00am
FTSE ticks higher, Glencore takes a tumble

FTSE ticks higher, Glencore takes a tumble

Britain's top share index climbed on Tuesday following a shaky start to the month, although mining giant Glencore fell after one of its subsidiaries received a US subpoena. The blue-chip FTSE 100 index was up 0.6 percent at 7,593.29 points at its close, m
Published 04 Jul, 2018 12:00am
Southeast Asian stocks down, Vietnam plunges over four percent

Southeast Asian stocks down, Vietnam plunges over four percent

Most Southeast Asian stock markets fell on Tuesday with Vietnam declining over 4 percent to a seven-month closing low, while Thailand rose more than 1 percent. Broader Asian markets also fell amid escalating worries a bitter trade dispute between the Unit
Published 04 Jul, 2018 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Financials helped drive Australian shares higher on Tuesday, the same day the country's central bank kept rates unchanged in a widely expected decision. The S&P/ASX 200 index climbed 0.5 percent to close at 6,210.2. The benchmark had fallen 0.3 percent on
Published 04 Jul, 2018 12:00am
European shares rise after breakthrough in Merkel migration row

European shares rise after breakthrough in Merkel migration row

European shares gained on Tuesday after German Chancellor Angela Merkel's conservatives settled a row over migration and eased some anxieties of investors, though worries about trade wars remained. The pan-European STOXX 600 was up 0.8 percent by its clos
Published 04 Jul, 2018 12:00am
China stocks rebound
Currency

China stocks rebound

China's central bank moved to calm jittery financial markets on Tuesday after the yuan dropped through the psychologically significant 6.7 to the dollar mark, hitting its lowest in almost a year as anxieties over US trade frictions deepened.
Published 04 Jul, 2018 12:00am
Indian shares surge

Indian shares surge

Indian shares ended higher on Tuesday, recovering from earlier losses, as gains in energy stocks helped offset lingering trade tensions in Asia ahead of the deadline for imposition of tariffs by the US on China. The benchmark BSE index closed up 0.32 perc
Published 04 Jul, 2018 12:00am
US yield curve near flattest since 2007

US yield curve near flattest since 2007

The US yield curve held near its flattest level in over a decade on Monday as investors preferred longer-dated US government debt over short-dated issues on worries that a global trade war would slow inflation and business activity worldwide. Anxiety abou
Published 04 Jul, 2018 12:00am
US yield curve near flattest since 2007

US yield curve near flattest since 2007

The US yield curve held near its flattest level in over a decade on Monday as investors preferred longer-dated US government debt over short-dated issues on worries that a global trade war would slow inflation and business activity worldwide. Anxiety abou
Published 04 Jul, 2018 12:00am
Sri Lankan shares hit 15-month low

Sri Lankan shares hit 15-month low

Sri Lankan shares extended falls on Tuesday to a 15-month closing low as continued foreign selling in blue chips, political uncertainty and concerns about lower economic growth dented investor appetite for risky assets. The Colombo stock index declined fo
Published 04 Jul, 2018 12:00am
Wall Street ends higher, helped by tech rally

Wall Street ends higher, helped by tech rally

Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners. Microsoft Inc, Facebook Inc and Apple Inc each rose 1
Published 04 Jul, 2018 12:00am
Tuesday's early trade: Dips in Facebook, Apple leave Wall Street lower

Tuesday's early trade: Dips in Facebook, Apple leave Wall Street lower

Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the US July 4 holiday. Facebook dropped 2.35 percent after the Washington Post reported a federal probe on the data brea
Published 04 Jul, 2018 12:00am
Nikkei hits near three-month lows

Nikkei hits near three-month lows

Japanese shares slipped to near three-month lows on Tuesday in choppy trade on growing worries the new tariffs the United States and China have threatened to impose on each other will kick in at the end of this week. The Nikkei average ended down 0.12 per
Published 04 Jul, 2018 12:00am
Sterling gains
Currency

Sterling gains

The pound rose on Tuesday as risk appetite rebounded and a survey showing decent growth in Britain's construction industry gave sterling some respite from recent gloom about the progress of Brexit talks. Chinese central bank comments on keeping the yuan s
Published 04 Jul, 2018 12:00am
Sri Lankan rupee slips
Currency

Sri Lankan rupee slips

The Sri Lankan rupee edged lower for a second straight session on Tuesday in moderate trade, as importer dollar demand outpaced inflows from inward remittances, while a state bank helped ease downward pressure by selling the US currency, dealers said. The
Published 04 Jul, 2018 12:00am
Trade jitters depress Asian currencies

Trade jitters depress Asian currencies

Asian currencies tumbled on Tuesday as investors remained on edge ahead of a US move later this week to impose tariffs on $34 billion in Chinese exports to the United States. The sell-off in the Chinese yuan continued as it slipped past the 6.7 per dollar
Published 04 Jul, 2018 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian and New Zealand dollars were on the ropes on Tuesday as worries about falling Chinese assets and rising global trade tensions slugged export-sensitive currencies. The Aussie dollar was pinned at $0.7345, having hit an 18-month trough around
Published 04 Jul, 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. 83.75-83.75 (Previous 83.70-83.75).
Published 04 Jul, 2018 12:00am
Dollar rises in NY; euro falls
Currency

Dollar rises in NY; euro falls

The dollar started the third quarter on a positive note on Monday, benefiting from mounting global trade tensions and political developments in Europe, as investors scooped up the greenback as a safe-haven bet. Tension is growing ahead of a July 6 deadlin
Published 04 Jul, 2018 12:00am
Euro, Aussie gain in Europe
Currency

Euro, Aussie gain in Europe

The euro and the Australian dollar led broad gains in currencies on Tuesday after the Chinese central bank moved to calm nervous foreign exchange markets following a fall in the renminbi below a key psychological level. In a statement on the People Bank o
Published 04 Jul, 2018 12:00am
Dollar dips in Asia
Currency

Dollar dips in Asia

The dollar eased marginally against its peers on Tuesday, as the euro steadied after partners in Germany's coalition settled a row over migration that had threatened to topple Chancellor Angela Merkel's government. The euro was little changed at $1.1630 a
Published 04 Jul, 2018 12:00am
EU watchdog says some banks too plodding to win fintech race

EU watchdog says some banks too plodding to win fintech race

Banks saddled with bad loans risk being left behind by nimbler upstarts and Big Tech in the rapidly evolving fintech race, the European Union's banking watchdog said on Tuesday. The European Banking Authority (EBA) looked at the risks and opportunities fr
Published 04 Jul, 2018 12:00am
Canada manufacturing growth hits survey-record high

Canada manufacturing growth hits survey-record high

Growth in the Canadian manufacturing sector accelerated in June to its fastest pace in more than seven years, data showed on Tuesday, hitting the highest since the survey began in October 2010 as output and new orders rose.
Published 04 Jul, 2018 12:00am
New Zealand business confidence hits seven-year low

New Zealand business confidence hits seven-year low

New Zealand's business confidence slumped to its lowest in seven years in the second quarter as rising labour costs squeezed corporate bottom lines, a survey showed, reinforcing market views the economy may be in for a soft patch.
Published 04 Jul, 2018 12:00am
Airbus sticking to delivery targets despite engine delays

Airbus sticking to delivery targets despite engine delays

Airbus said Monday it is sticking to its target of 800 aircraft deliveries this year, despite problems with getting timely delivery of new fuel-efficient engines for its A320neo jets. "We're sticking to our target of delivering 800 jets this year," a spok
Published 04 Jul, 2018 12:00am
Hong Kong retail sales growth quickens in May

Hong Kong retail sales growth quickens in May

Hong Kong's retail sales posted its fourth month of double-digit growth in May fuelled by strong consumer spending and a rise in visitors from the Chinese mainland.
Published 04 Jul, 2018 12:00am
Bumper corporate tax receipts boost Irish tax take again

Bumper corporate tax receipts boost Irish tax take again

Ireland collected slightly more tax than planned in the first half of the year after stabilising its take for the second successive month in June thanks to a further rise in corporate tax receipts, data from the finance department showed.
Published 04 Jul, 2018 12:00am
Slovak raises extra capital buffer to cool lending

Slovak raises extra capital buffer to cool lending

The Slovak central bank announced on Tuesday the countercyclical capital buffer for commercial banks will rise to 1.50 percent from August 1, 2019, the second such increase aimed at cooling fast credit growth. The buffer, under which banks set aside capit
Published 04 Jul, 2018 12:00am
US manufacturing strengthening; trade tensions pose risk

US manufacturing strengthening; trade tensions pose risk

New orders for US-made goods unexpectedly rose in May, pointing to a strengthening manufacturing sector, but business spending on equipment appeared to have slowed further in the second quarter. Manufacturing, which accounts for about 12 percent of the US
Published 04 Jul, 2018 12:00am
US car sales mostly up in 1H as larger vehicles reign

US car sales mostly up in 1H as larger vehicles reign

Leading automakers reported mostly higher US sales for the first half of 2018 on Tuesday, bolstered by a strengthening economy and robust demand for larger vehicles despite higher gasoline prices. General Motors, Fiat Chrysler and Toyota all reported high
Published 04 Jul, 2018 12:00am
Washington moves to block China Mobile from US market

Washington moves to block China Mobile from US market

US authorities have blocked a seven-year application from China Mobile to enter the domestic market, citing national security concerns that come amid rising trade tensions between the world's top two economies. Commerce Department assistant secretary Davi
Published 04 Jul, 2018 12:00am
UK business patience 'at breaking point' over Brexit

UK business patience 'at breaking point' over Brexit

The patience of British business is at "breaking point" over the government's lack of progress in Brexit talks, a key lobby group warned Tuesday. The British Chambers of Commerce (BCC), which represents thousands of firms across the country, issued the as
Published 04 Jul, 2018 12:00am
Spain's unemployed falls to lowest since 2008 in June

Spain's unemployed falls to lowest since 2008 in June

Spain's registered jobless fell to 3.16 million people in June, its lowest level since December 2008 and almost 2 million less than at its height at the tail end of the economic crisis in February 2013, data from the Labour Ministry showed on Tuesday.
Published 04 Jul, 2018 12:00am
China says confident of coping with major and external risks

China says confident of coping with major and external risks

China's leaders are confident the country can cope with major and external risks, they said at a high-level internal financial meeting, amid financial turbulence at home and rising trade tensions with the United States.
Published 04 Jul, 2018 12:00am
Turkish inflation hits 14-year high, lira slides
Currency

Turkish inflation hits 14-year high, lira slides

Turkish consumer price inflation jumped to a 14-year high in June, official data showed on Tuesday, driving the lira down and putting pressure on the central bank to raise interest rates further this month. Inflation rose to 15.39 percent year-on-year, th
Published 04 Jul, 2018 12:00am
Australia's central bank hold rates, eyes trade spat
Currency

Australia's central bank hold rates, eyes trade spat

Australia's central bank kept interest rates on hold for its 21st-straight meeting Tuesday as consumer spending and inflation remain weak, while it also cited uncertainty about global trade tensions while. The Reserve Bank of Australia slashed the cash ra
Published 04 Jul, 2018 12:00am
German car sales pick up pace in June

German car sales pick up pace in June

The car market in Europe's mightiest economy Germany picked up in June, official figures showed Tuesday, as consumers defied trade war fears but shied away from scandal-tainted diesel. Some 341,308 cars were registered by the KBA motor vehicle authority l
Published 04 Jul, 2018 12:00am
Chinese steel, iron ore futures drop

Chinese steel, iron ore futures drop

Chinese steel and iron ore futures dropped on Monday after data pointed to slower factory growth in China last month and ahead of this week's deadline when the United States is set to impose $34 billion of tariffs on Chinese exports.
Published 04 Jul, 2018 12:00am
Prices rise on cotton market
Cotton

Prices rise on cotton market

Rates maintained rising trend on the cotton market on Tuesday in the process of improved trading activity, dealers said. The official spot rate gained Rs 100 to Rs 7,800, they added. Prices of seed cotton in Sindh and Punjab were at Rs 3500-4000, they sai
Published 04 Jul, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 167,223 tonnes of cargo comprising 131,605 tonnes of import cargo and 35,618 tonnes of export cargo including 7,643 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 04 Jul, 2018 12:00am
Russian wheat export prices up with global benchmarks

Russian wheat export prices up with global benchmarks

Russian wheat export prices rose slightly last week as wheat futures in Chicago jumped on concerns about lower French production, analysts said on Monday. Strong demand from major customers also supported Russian wheat. The state buyer of Egypt, the world
Published 04 Jul, 2018 12:00am
Euronext wheat extends rally on concern over EU harvest

Euronext wheat extends rally on concern over EU harvest

Euronext wheat futures continued to rally on Monday, with prices reaching their highest in more than two weeks as the market weighed an unexpectedly low French crop forecast that has heightened concern about a weather-reduced EU harvest. December milling
Published 04 Jul, 2018 12:00am
CBOT soyabean futures fall

CBOT soyabean futures fall

Chicago Board of Trade soyabean futures fell to within a few cents of contract lows on Monday on concerns that a worsening trade fight with top importer China could slow exports and balloon US stocks of the oilseed, traders said. CBOT August soyabeans end
Published 04 Jul, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,531. The traded value of Metals, Energy and COTS/FX was recorded at PKR3.230billion and the number of lots traded was 5,724.
Published 04 Jul, 2018 12:00am
CBOT corn hits contract lows on fund selling

CBOT corn hits contract lows on fund selling

Chicago Board of Trade corn futures fell more than 3 percent on Monday, with actively traded months hitting new contract lows on fund selling and concerns about rising trade tensions with key global commodities importers, traders said.
Published 04 Jul, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Jul, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Jul, 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 04 Jul, 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 04 Jul, 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 (July 03, 2018).

Published 04 Jul, 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 (July 03, 2018).

Published 04 Jul, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 03, 2018).
Published 04 Jul, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 03, 2018).

Published 04 Jul, 2018 12:00am
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