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Archive - 2020-10-10
Speculators cut short dollar bets to lowest since July
Forex

Speculators cut short dollar bets to lowest since July

  • US dollar positioning was derived from contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, and Swiss franc.
  • The speculative community has short the dollar since mid-March.
Updated 10 Oct, 2020 03:08pm
Canada at a tipping point in fight against coronavirus, says frustrated Trudeau
USA

Canada at a tipping point in fight against coronavirus, says frustrated Trudeau

  • He spoke after health officials said authorities needed to do more now to fight the pandemic since forecasts suggest the number of new infections will continue to accelerate.
  • We are at a tipping point in this pandemic. Not only is the second wave under way, (but) yesterday we hit the highest daily record for cases.
Updated 10 Oct, 2020 03:05pm
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 9, 2020)....
Published 10 Oct, 2020 03:57am
Omar visits KPT oil pier facility

Omar visits KPT oil pier facility

KARACHI: The federal Minister for Petroleum Division, Omar Ayub Khan has visited KPT Oil Pier-1 (OP-1) facility on...
Updated 10 Oct, 2020 03:29am
PTA bans TikTok app

PTA bans TikTok app

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Friday blocked the video sharing application, TikTok, ...
Updated 10 Oct, 2020 03:29am
Surge in wheat flour prices
Letters

Surge in wheat flour prices

How ironic it is that the prices of wheat flour are soaring despite import of a large quantity of wheat from abroad....
Published 10 Oct, 2020 03:02am
SPI up 1.24 percent WoW

SPI up 1.24 percent WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended October 8, 2020, recorded an increase of 1.24...
Published 10 Oct, 2020 03:02am
The taxman
Opinion

The taxman

Writing about the taxman can be injurious to your health; even if it is all praise, because the taxman, like the ...
Published 10 Oct, 2020 03:02am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Friday (October 9, 2020) and the forecast for Saturday (October 10, 2020)....
Published 10 Oct, 2020 03:02am
China tourism rebounds
China

China tourism rebounds

SHANGHAI/BEIJING: Domestic tourism in China saw a robust rebound over the just-ended Golden Week holiday, encouraged...
Published 10 Oct, 2020 03:02am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 10 Oct, 2020 03:02am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (October 9, 2020). ======================== Offer Price 1,171.8896 Bid...
Published 10 Oct, 2020 03:02am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (October 9, 2020). ======================== Offer Price...
Published 10 Oct, 2020 03:02am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 10 Oct, 2020 03:02am
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (October 9, 2020)....
Published 10 Oct, 2020 03:02am
THE RUPEE: PKR slightly down
Currency

THE RUPEE: PKR slightly down

KARACHI: On Friday, upon market closing, PKR slightly went down against USD in both interbank and open markets. It...
Published 10 Oct, 2020 03:02am
Gold prices soar
Commodities

Gold prices soar

KARACHI: Gold prices on Friday surged by Rs1400 to Rs114400 per tola on the local market, traders said. The ...
Published 10 Oct, 2020 03:02am
Sterling tests $1.30
Money & Banking

Sterling tests $1.30

LONDON: Sterling rose against a weaker dollar on Friday, briefly testing the key $.130 level, and was set for a...
Published 10 Oct, 2020 03:02am
Aussie rises, kiwi down
Currency

Aussie rises, kiwi down

SYDNEY/WELLINGTON: The Australian dollar is poised to end the week in positive territory on Friday, strengthened by...
Published 10 Oct, 2020 03:02am
Umrah resumption
Exchange

Umrah resumption

EDITORIAL: Muslims all over the world have one more reason to be happy as authorities of the Kingdom of Saudi Arabia...
Published 10 Oct, 2020 03:02am
Yields tick up after Trump about-face on stimulus
Financial

Yields tick up after Trump about-face on stimulus

  • Trump made the remarks Friday after reports suggested the White House was preparing to raise its offer for an aid deal to $1.8 trillion from $1.6 trillion.
  • The potential for a more significant breakout will be limited by the proximity to the election.
Published 10 Oct, 2020 01:38am
IMF chief sees $345bn financing gap for African states
Currency

IMF chief sees $345bn financing gap for African states

  • IMF Managing Director Kristalina Georgieva told a conference that African states had spent an additional 2.5% of gross domestic product.
  • The pandemic will not be over anywhere until it is over everywhere," Georgieva said.
Published 10 Oct, 2020 12:52am
Oil prices slip more than 1pc after Norway oil worker strike ends
Energy

Oil prices slip more than 1pc after Norway oil worker strike ends

  • Both benchmarks on track for weekly gains of about 9%.
  • Norway oil worker strike ends.
  • Hurricane halts 92% of US Gulf of Mexico oil output.
  • US Senate Republicans cast doubt on stimulus deal.
  • JP Morgan- OPEC could reverse planned easing of oil cuts in 2021.
Published 10 Oct, 2020 12:41am
South Sudan to change currency to improve economy
Currency

South Sudan to change currency to improve economy

  • The cabinet has decided that the current currency should be changed....This is to improve our economic situation.
  • The country's currency is the South Sudanese pound, adopted when the country gained independence from Sudan in 2011 after a long civil war.
Published 10 Oct, 2020 12:29am
Trump aims to hit campaign trail as soon as Monday, awaits more testing
USA

Trump aims to hit campaign trail as soon as Monday, awaits more testing

  • Trump said on Thursday night he hoped to hold campaign rallies in the crucial swing states of Florida on Saturday and Pennsylvania on Sunday.
  • White House spokeswoman Kayleigh McEnany said the president was hard at work and ready to go as soon as he got approval from his doctor.
Published 10 Oct, 2020 12:27am
CBOT wheat falls on profit taking, bigger world supplies
Commodities

CBOT wheat falls on profit taking, bigger world supplies

  • The USDA, in a monthly report, said world wheat ending stocks were 321.45 million tonnes, up from its September estimate of 319.37 million.
  • Most-active CBOT December soft red winter wheat ended down 1-1/2 cents at $5.93-3/4 a bushel on Friday.
Published 10 Oct, 2020 12:14am