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Markets » Currency

Pakistan rupee ends FY25 lower by 1.95% YoY
Stocks

Pakistan rupee ends FY25 lower by 1.95% YoY

  • Rupee settles at 283.76 against US dollar in inter-bank market on Monday
  • Local currency had stood at 278.34 against greenback on last session of previous fiscal year
Updated 30 Jun, 2025 08:42pm
Bitcoin falls 4% to $99,237
Currency

Bitcoin falls 4% to $99,237

Bitcoin, the world’s largest cryptocurrency by market value, was down by 4.13% at $99,237 at 10:52 a.m. ET (1452...
Published 23 Jun, 2025 08:11am
IMF deposits $1.2bn in SBP: Ishaq Dar
Forex

IMF deposits $1.2bn in SBP: Ishaq Dar

  • During the week, Pakistan has received $4.2bn from different avenues including Saudi Arabia, UAE, and the Washington-based lender
  • SBA with IMF will now see two more reviews - in November and February
Updated 13 Jul, 2023 06:02pm
Bitcoin rises 2.3% to $23,199
Forex

Bitcoin rises 2.3% to $23,199

  • Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1
Published 21 Jan, 2023 04:15pm
PKR: yet another woeful week
Rates

PKR: yet another woeful week

KARACHI: The rupee had yet another woeful week, losing value in all five sessions for a cumulative fall of 3.7% to...
Published 19 Sep, 2022 05:45am
Bitcoin dips below $20,000
Forex

Bitcoin dips below $20,000

Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year...
Updated 27 Aug, 2022 09:38pm
Egypt currency near record low
Currency

Egypt currency near record low

CAIRO: The Egyptian pound plunged on Monday to a near all-time low of more than 19 to the dollar, in the world’s...
Published 01 Aug, 2022 06:04pm
Falling copper prices weigh on Chile's peso
Forex

Falling copper prices weigh on Chile's peso

  • Mexico's peso breaks 5-day losing streak in thin trade
  • Chile's right-wing presidential candidate leads in polls
  • Brazilian, Mexican stock markets closed for holiday
Published 02 Nov, 2021 06:58pm
Canadian dollar hits 6-day low as oil prices fall
Forex

Canadian dollar hits 6-day low as oil prices fall

  • Canadian dollar weakens 0.3% against the greenback
  • Touches its weakest since last Wednesday at 1.2417
  • Price of US oil falls 1.1%
  • Value of Canadian building permits rises 4.3% in September
Published 02 Nov, 2021 06:28pm
Central banks will accelerate rise of China's yuan, global survey shows
Currency

Central banks will accelerate rise of China's yuan, global survey shows

  • Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
  • In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings
Published 22 Jul, 2021 01:30am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 23 to...
Published 30 Nov, 2020 02:58am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (October 1 to...
Published 30 Nov, 2020 02:58am
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 28 Nov, 2020 03:04am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.823...
Published 28 Nov, 2020 03:04am
Dollar tumbles in Europe
Currency

Dollar tumbles in Europe

LONDON: The dollar fell on Friday, close to its lowest in three months and on track for a weekly loss against a...
Published 28 Nov, 2020 03:04am
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 27 Nov, 2020 03:08am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.948...
Published 27 Nov, 2020 03:08am
Euro retreats in Europe
Currency

Euro retreats in Europe

LONDON: The euro retreated on Thursday after briefly hitting a near three-month high against the dollar as concerns...
Published 27 Nov, 2020 03:08am
Bitcoin plunges
Currency

Bitcoin plunges

LONDON: Bitcoin plunged on Thursday to its lowest level in 10 days, slamming the brakes on its blistering rally and...
Published 27 Nov, 2020 03:08am
Aussie, kiwi steady
Currency

Aussie, kiwi steady

SYDNEY: The Australian and New Zealand dollars paused to digest recent meaty gains on Thursday as a US holiday...
Published 27 Nov, 2020 03:08am
Gold rises in Europe
Commodities

Gold rises in Europe

LONDON: Gold gained on a softer dollar on Thursday and as a mounting number of Covid-19 cases and their economic ...
Published 27 Nov, 2020 03:08am
THE RUPEE: $ under pressure
Currency

THE RUPEE: $ under pressure

KARACHI: On Wednesday, global weakening in USD was reflected in Pakistani markets as well with PKR going below 160 ...
Published 26 Nov, 2020 02:54am
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 26 Nov, 2020 02:54am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose on Wednesday as an unexpected rise in US jobless claims slammed the brakes on the previous...
Published 26 Nov, 2020 02:54am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.856...
Published 26 Nov, 2020 02:54am
Dollar declines in Europe
Currency

Dollar declines in Europe

• Bitcoin shy of 2017 record LONDON: The dollar traded near its lowest levels in nearly 3 months on Wednesday as...
Published 26 Nov, 2020 02:54am
Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats
Currency

Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats

Eligible non-resident Pakistanis can open their Roshan Digital Accounts in multiple currency offerings with any of the SBP’s partner banks. This fully digitized, fully repatriable account is the first of its kind in Pakistan’s banking history and has been created to meet the needs of the Pakistani diaspora.
Published 25 Nov, 2020 08:02pm
Improved risk appetite keeps dollar depressed
Forex

Improved risk appetite keeps dollar depressed

  • Bitcoin, a cryptocurrency known for extreme volatility, also traded near an all-time high, in a further sign that investors are growing more comfortable taking on riskier positions.
Published 25 Nov, 2020 05:27pm
Dollar under pressure as risk appetite stages a comeback
Currency

Dollar under pressure as risk appetite stages a comeback

  • The U.S. currency teetered near a two-month low against the Australian dollar and a two-year low against the New Zealand dollar, both considered barometers of risk sentiment due to their close ties with the global commodities trade.
Published 25 Nov, 2020 10:01am
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 25 Nov, 2020 02:56am
THE RUPEE: Upward trend
Currency

THE RUPEE: Upward trend

KARACHI: On Tuesday, PKR went up by quite a margin against USD in both inter-bank and open markets thus going below...
Published 25 Nov, 2020 02:56am
Dollar falls in Europe
Currency

Dollar falls in Europe

LONDON: The Australian dollar rose to a two-and-a-half-month high and the euro gained on Tuesday as US President...
Published 25 Nov, 2020 02:56am
Dollar dips as Biden transition, vaccines boost risk appetite
Forex

Dollar dips as Biden transition, vaccines boost risk appetite

  • Trump acknowledged that the head of the General Services Administration should go ahead with a transition to a government led by President-elect Biden,
  • We had two big risk events taken off the table, one that the Trump administration was not going to allow for an orderly transition.
Published 25 Nov, 2020 02:29am
JPMorgan Chase to pay $250mn for failings in asset, wealth business
Currency

JPMorgan Chase to pay $250mn for failings in asset, wealth business

  • The Office of the Comptroller of the Currency (OCC) said it found that JPMorgan's risk management practices were "deficient and it lacked sufficient controls to avoid conflicts of interest."
  • In its consent order with the bank, the OCC did not require changes to the way the bank manages client assets.
Published 25 Nov, 2020 12:56am
Gadoon Textile Mills Limited
Currency

Gadoon Textile Mills Limited

Gadoon Textile Mills Limited (PSX: GADT) was established in 1988 as a public limited company. It is part of the ...
Published 24 Nov, 2020 07:40am
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 24 Nov, 2020 03:07am
THE RUPEE: Falls against USD
Currency

THE RUPEE: Falls against USD

KARACHI: On Monday, PKR fell against USD in both interbank and open markets. It also fell against Euro in open ...
Published 24 Nov, 2020 03:07am
Nigerian stocks fall
Stocks

Nigerian stocks fall

ABUJA: Nigerian stocks fell to a two-week low on Monday after third-quarter data showed the economy was in ...
Published 24 Nov, 2020 03:07am
Sterling rallies
Currency

Sterling rallies

LONDON: Sterling rallied on Monday as more positive news about a potential Covid-19 vaccine propelled investors to...
Published 24 Nov, 2020 03:07am
Gold dips in Europe
Commodities

Gold dips in Europe

LONDON: Gold prices eased on Monday as drugmaker AstraZeneca injected fresh optimism into the race for a Covid-19...
Published 24 Nov, 2020 03:07am
SBP's Monetary Policy Committee maintain policy rate at 7pc
Currency

SBP's Monetary Policy Committee maintain policy rate at 7pc

  • On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
  • As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.
Updated 23 Nov, 2020 04:08pm
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 21 Nov, 2020 02:44am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.141...
Published 21 Nov, 2020 02:44am
DSJs to check smuggling
Currency

DSJs to check smuggling

EDITORIAL: The federal cabinet's approval of delegation of legal powers to District and Sessions Judges (DSJs) in 19...
Published 21 Nov, 2020 02:44am
PKR could be in corrective phase
Kerb

PKR could be in corrective phase

On Aug 26 this year, in the interbank market (I/B), Rupee closed at 168.4353 (all-time SBP low close). Since then,...
Published 20 Nov, 2020 03:04am
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 20 Nov, 2020 03:04am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.027...
Published 20 Nov, 2020 03:04am
Dollar strengthens in Europe
Currency

Dollar strengthens in Europe

LONDON: The dollar strengthened on Thursday as broad optimism about Covid-19 vaccines ran into worries about rising...
Published 20 Nov, 2020 03:04am
Of demand and austerity
Currency

Of demand and austerity

Growth in the petroleum industry has gradually moved from positive to negative over the last four years. ...
Published 19 Nov, 2020 07:25am
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 19 Nov, 2020 02:55am
Gold eases in Europe
Commodities

Gold eases in Europe

LONDON: Gold stuck to a narrow range on Wednesday as optimism over Pfizer’s successful vaccine trials countered...
Published 19 Nov, 2020 02:55am
Erdogan whip-saws lira ahead of key central bank decision
Currency

Erdogan whip-saws lira ahead of key central bank decision

  • We have to be much more careful on this point and not allow our investors to be crushed by high interest rates.
  • Our aim is to reach single-digit inflation right away by maintaining fiscal discipline (and) implementing structural and micro reforms" focused on growth and employment.
Published 18 Nov, 2020 07:48pm
Dollar under pressure as vaccine hopes get tested
Forex

Dollar under pressure as vaccine hopes get tested

  • Pfizer COVID-19 vaccine trial shows 95% effective.
  • Dollar edges down to November 9 lows.
  • Bitcoin surges above $18,000.
  • Euro ticks up, investor ignore EU recovery fund hurdles.
  • Yen recoups over half of vaccine-driven losses.
Published 18 Nov, 2020 07:46pm
BoE's Haldane sees ‘materially brighter’ outlook for 2021
Currency

BoE's Haldane sees ‘materially brighter’ outlook for 2021

  • Britain's economy shrank by almost 20% in the second quarter of 2020 - more than any of its peers - and at the end of September it was still 8.4% smaller than it was a year earlier.
  • The three R's - recovery, rebalancing, revitalisation - are more important than ever.
Published 18 Nov, 2020 06:20pm
Atlas Battery Limited
Mutual Funds

Atlas Battery Limited

Atlas Battery Limited (PSX: ATBA) was established in 1966 as a public limited company. It manufactures and sells...
Published 18 Nov, 2020 07:45am
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 18 Nov, 2020 02:48am
THE RUPEE: Moves both ways
Currency

THE RUPEE: Moves both ways

KARACHI: On Tuesday, PKR exhibited mixed behaviour. It lost value against USD in interbank market while gaining...
Published 18 Nov, 2020 02:48am
Euro climbs in Europe
Currency

Euro climbs in Europe

LONDON: The euro rose against the dollar on Tuesday, helped by optimism over another coronavirus vaccine, while the...
Published 18 Nov, 2020 02:48am
Sterling edges higher as traders focus on drawn-out Brexit talks
Forex

Sterling edges higher as traders focus on drawn-out Brexit talks

  • Britain's chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal "early next week".
  • Brexit still threatens to be a highly disruptive event to trade, supply chains and the workings of the UK's financial services sector.
Published 17 Nov, 2020 05:34pm
Brazil central bank to roll over $11.8bn FX swaps
Currency

Brazil central bank to roll over $11.8bn FX swaps

  • The central bank said it "may recalibrate the amount offered, according to market conditions."
  • The central bank has sold billions of dollars in the spot market and via FX swaps this year to help support the local currency.
Published 17 Nov, 2020 05:21pm
Racking up Debt for ML-1
Libor

Racking up Debt for ML-1

Main Line 1 (ML-1) is the most important railway line operated by Pakistan Railways, stretching from Karachi to...
Published 17 Nov, 2020 01:55pm
Currency games!
Currency

Currency games!

The PKR/USD breached 158 level yesterday. Most treasuries were of the view that PKR/USD could cross 170, when it was...
Published 17 Nov, 2020 07:55am
Autos making up for lost time
Currency

Autos making up for lost time

Suddenly, the automotive market is in flux. Consumers are once again booking new cars, and not just the traditional...
Published 17 Nov, 2020 07:54am
Punjab Oil Mills Limited
Currency

Punjab Oil Mills Limited

Punjab Oil Mills Limited (PSX: POML) was established in 1981 as a public limited company.The company manufactures ...
Published 17 Nov, 2020 07:25am
THE RUPEE: No change
Currency

THE RUPEE: No change

KARACHI: On Monday, PKR remained unchanged against USD in interbank markets on market close while losing value...
Published 17 Nov, 2020 02:55am
Turkish lira weakens
Currency

Turkish lira weakens

ISTANBUL: Turkey's lira weakened around 1% on Monday, as investors eyed the central bank's rate decision this week...
Published 17 Nov, 2020 02:55am
US MIDDAY: Gold edges up
Commodities

US MIDDAY: Gold edges up

NEW YORK: Gold recovered from a more than 1% dip on Monday as investors weighed immediate concerns over rising...
Published 17 Nov, 2020 02:55am
Gold slips in Europe
Commodities

Gold slips in Europe

LONDON: Gold pared losses from a more than 1% dip on Monday as investors weighed immediate concerns over rising...
Published 17 Nov, 2020 02:55am
Euro rises in Europe
Currency

Euro rises in Europe

LONDON: The euro inched higher on Monday, as investors began the week in a relatively upbeat mood after strong...
Updated 17 Nov, 2020 03:21am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 9 to...
Published 16 Nov, 2020 02:46am
Equity borrowing
Currency

Equity borrowing

EDITORIAL: Special Secretary Ministry of Finance Kamran Ali Afzal informed a select group of journalists that the...
Published 16 Nov, 2020 02:46am
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 14 Nov, 2020 02:52am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.042...
Published 14 Nov, 2020 02:52am
Dollar slips in Europe
Currency

Dollar slips in Europe

LONDON: The dollar slipped on Friday, as investors' enthusiasm about a possible Covid-19 vaccine was tempered by the...
Published 14 Nov, 2020 02:52am
Sterling rises
Currency

Sterling rises

LONDON: Sterling ticked up on Friday against the dollar and euro after news that British Prime Minister Boris...
Updated 14 Nov, 2020 03:19am
Lira notches weekly gains
Currency

Lira notches weekly gains

ISTANBUL: Turkey's lira firmed on Friday to its strongest level in seven weeks, notching a weekly gain of some 12%,...
Updated 14 Nov, 2020 03:19am
Aussie, kiwi dip
Currency

Aussie, kiwi dip

SYDNEY/WELLINGTON: The Australian dollar slipped to a more than one-week low on Friday, while its New Zealand peer...
Published 14 Nov, 2020 02:52am
Nigeria naira eases on black market as FX demand pressure resurfaces
Forex

Nigeria naira eases on black market as FX demand pressure resurfaces

  • Traders had expected the currency to trade flat on the black market on the hopes that higher oil prices will boost Nigeria's foreign exchange supplies.
  • Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections.
Published 13 Nov, 2020 07:52pm
Asian stocks fall as virus spread accelerates
Currency

Asian stocks fall as virus spread accelerates

  • The United States has reported fresh daily records for new COVID-19 case hospitalisations this week, prompting cities and states, including Chicago, Detroit and California, to re-impose public health restrictions.
Published 13 Nov, 2020 10:11am
Remittances’ new normal?
Currency

Remittances’ new normal?

The remittance growth remained unabated in October. In Jul-Oct, the flow is up by 26 percent to reach $9.4 billion....
Updated 13 Nov, 2020 10:43am
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 13 Nov, 2020 02:57am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose 1% on Thursday on concern over the logistics of a potential Covid-19 vaccine roll-out as cases...
Published 13 Nov, 2020 02:57am
Gold moves up in Europe
Commodities

Gold moves up in Europe

LONDON: Gold rose 1% on Thursday on market skepticism over the logistics of a potential Covid-19 vaccine roll-out as...
Published 13 Nov, 2020 02:57am
Sterling slips as Britain's economy struggles to maintain recovery
Forex

Sterling slips as Britain's economy struggles to maintain recovery

  • The impact of the number was all the heavier because the period measured was before the latest restrictions on businesses took effect.
  • GDP figures showed that in the July-September quarter, the economy grew by a record 15.5% from the previous three months.
Updated 12 Nov, 2020 06:17pm
Rouble firms below 77 vs dollar as market awaits vaccine
Forex

Rouble firms below 77 vs dollar as market awaits vaccine

  • The rouble has had a volatile few weeks, plunging to its lowest level versus the euro since late 2014 on the eve of the US election.
  • Rouble was 0.3% stronger against the dollar at 76.91 and had lost 0.1% versus the euro, trading at 90.87.
Published 12 Nov, 2020 05:46pm
Economic cost of cash drag
Currency

Economic cost of cash drag

Unintended consequences of policy actions have pushed up the share of currency notes in GDP, which hovers around ...
Published 12 Nov, 2020 02:00pm
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 12 Nov, 2020 02:50am
THE RUPEE: Strength on rise
Currency

THE RUPEE: Strength on rise

KARACHI: On Wednesday, PKR continued its upward trend. It went up against USD in both interbank and open markets...
Published 12 Nov, 2020 02:50am
Gold slips in NY
Commodities

Gold slips in NY

NEW YORK: Gold fell as much as 1.1% on Wednesday, hurt by a stronger dollar, while optimism around a potential...
Published 12 Nov, 2020 02:50am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 10.296...
Published 12 Nov, 2020 02:50am
Stocks up as vaccine shields against second-wave worries
Currency

Stocks up as vaccine shields against second-wave worries

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% and Japan's Nikkei rose 1%, although most of the action was switching between sectors within markets, as investors shift from coronavirus winners into some of the hardest hit sectors.
Published 11 Nov, 2020 10:15am
Byco 1QFY21 – a mixed bag
Currency

Byco 1QFY21 – a mixed bag

Byco Petroleum Limited (PSX: BYCO) has seen hideous times in FY20 as did the rest of the refining segment in the...
Published 11 Nov, 2020 07:32am
Exide Pakistan Limited
Mutual Funds

Exide Pakistan Limited

Exide Pakistan Limited (PSX: EXIDE) was set up as a private limited company in 1953. It was later listed on the...
Published 11 Nov, 2020 07:25am
Make me SC judge: Seth
Currency

Make me SC judge: Seth

ISLAMABAD: Peshawar High Court (PHC) Chief Justice Waqar Ahmed Seth has urge the Supreme Court to appoint him ...
Updated 11 Nov, 2020 03:24am
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 11 Nov, 2020 02:53am
Dollar edges up in Europe
Currency

Dollar edges up in Europe

LONDON: The dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic about progress...
Published 11 Nov, 2020 02:53am
Sterling gains against euro
Currency

Sterling gains against euro

LONDON: Hopes that a coronavirus vaccine would put the British economy back on track pushed the pound 1% higher...
Published 11 Nov, 2020 02:53am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold regained some lost ground on Tuesday after a sharp fall in the previous session as concerns over...
Published 11 Nov, 2020 02:53am
Gold recovers in Europe
Commodities

Gold recovers in Europe

LONDON: Gold regained some lost ground on Tuesday after a sharp fall in the previous session as concerns over global...
Published 11 Nov, 2020 02:53am
Gold jumps in Asia
Commodities

Gold jumps in Asia

SINGAPORE: Gold jumped more than 1% in Asian trade on Tuesday, following a sharp slide in the last session, as focus...
Published 11 Nov, 2020 02:53am
Russian rouble eases after rally; oil pushes stocks higher
Forex

Russian rouble eases after rally; oil pushes stocks higher

  • The rouble shed 0.5% to 76.67 against the dollar after hitting 75.75 the day before, its strongest level since Sept. 22.
  • It was also down 0.5% versus the euro, at 90.61 , having hit 89.76 on Monday, a level previously seen on Sept. 25.
Published 10 Nov, 2020 08:34pm
Sterling gains 1pc vs euro on Brexit, vaccine hopes
Forex

Sterling gains 1pc vs euro on Brexit, vaccine hopes

  • Sterling also got a boost from hopes that Britain could clinch a post-Brexit trade agreement with the European Union by the end of the year.
  • Sterling also extended gains versus the US dollar, trading last up 0.7% on the day at $1.3257.
Published 10 Nov, 2020 05:46pm
Copper slips from 29-month highs as dollar strengthens
Commodities

Copper slips from 29-month highs as dollar strengthens

  • European stock markets and oil prices rose for a second day, though weak inflation data in China.
  • The dollar, meanwhile, recouped some of Monday's losses, pressuring metals by making them more expensive for buyers with other currencies.
Published 10 Nov, 2020 05:12pm
Baluchistan Wheels Limited
Currency

Baluchistan Wheels Limited

Operating in the automobile parts and accessories industry, Baluchistan Wheels Limited (PSX: BWHL) was established ...
Published 10 Nov, 2020 07:25am
THE RUPEE: PKR strengthens
Currency

THE RUPEE: PKR strengthens

KARACHI: On Monday, at the start of the new week, PKR continued to go up against USD in both interbank and open...
Published 10 Nov, 2020 02:54am
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 Nov, 2020 02:54am
Aussie, kiwi strengthen
Currency

Aussie, kiwi strengthen

SYDNEY/WELLINGTON: The Australian dollar strengthened to a seven-week high on Monday as investors bought...
Published 10 Nov, 2020 02:54am
China's copper import boom leaves other metals cold
Commodities

China's copper import boom leaves other metals cold

  • This surge looks like a re-run of the financial crisis a decade ago.
  • China is clearing the rest of the world's copper surplus and to a lesser extent its aluminium surplus, but excess zinc, lead and nickel is being left to accumulate in cold storage.
Updated 09 Nov, 2020 07:23pm
Dollar decline adds to headache for Swiss central bank
Forex

Dollar decline adds to headache for Swiss central bank

  • The rise may lead the SNB to ramp up currency interventions to check the rise of the franc.
  • It is definitely more a case of the dollar weakening rather than the franc rising. We still think the dollar is over-valued at the moment.
Published 09 Nov, 2020 06:05pm
Risk assets cheer Biden win, dollar nurses losses
Currency

Risk assets cheer Biden win, dollar nurses losses

  • The Democratic candidate’s election victory was already largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.
Published 09 Nov, 2020 12:57pm
Fiscal roundup: 1QFY21
Currency

Fiscal roundup: 1QFY21

First quarter fiscal report card is out. The consolidated fiscal deficit stood at Rs484 billion (1.1% of GDP) in...
Published 09 Nov, 2020 08:38am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 2 to ...
Published 09 Nov, 2020 02:46am
Your rupee last quarter
Currency

Your rupee last quarter

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last quarter. (July 2 to...
Published 09 Nov, 2020 02:46am
A Chinese favour
Currency

A Chinese favour

EDITORIAL: It’s time to ask China for another favour. It turns out that the $3 billion trade facility, which the...
Published 08 Nov, 2020 02:55am
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 07 Nov, 2020 02:39am
Dollar slumps to two-month low, investors see more declines
Forex

Dollar slumps to two-month low, investors see more declines

  • The dollar index fell against a basket of six major currencies to 92.461, hitting its lowest level since Sept. 2.
  • The onshore yuan fell to 6.618 per dollar but still remained close to its more than two-year high reached on Thursday.
Updated 06 Nov, 2020 08:31pm
Stocks mixed as balance tilts to Biden in US election
Stocks

Stocks mixed as balance tilts to Biden in US election

  • European stocks lower on profit taking, virus angst.
  • US futures point to lower Wall Street opening.
  • Japan's Nikkei hits 29-year high.
  • US bond yields steady, dollar under pressure.
  • Oil suffers from COVID-19 worries.
Published 06 Nov, 2020 07:49pm
Fitch sees growing risk as Turkish lira hits new low
Currency

Fitch sees growing risk as Turkish lira hits new low

  • Double-digit inflation and depleted FX reserves "would significantly increase the chances" of a formal interest rate hike by year end.
  • The lira slid as much as 1.7% to a record low of 8.56 versus the dollar, despite the greenback's weakness as votes were still being counted in Tuesday's tight US election.
Published 06 Nov, 2020 05:50pm
THE RUPEE: USD falls more
Currency

THE RUPEE: USD falls more

KARACHI: On Thursday, USD fell against PKR in both interbank and open markets on market close. PKR however, fell...
Published 06 Nov, 2020 02:59am
Unshackling debt shackles
Currency

Unshackling debt shackles

It is now officially admitted that the coalition Government of Pakistan Tehreek-i-Insaf (PTI) secured over $13...
Published 06 Nov, 2020 02:59am
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 06 Nov, 2020 02:59am
US MIDDAY: Gold rallies
Commodities

US MIDDAY: Gold rallies

NEW YORK: Gold bounced to a one-and-a-half month peak on Thursday as growing prospects of a Joe Biden victory in a...
Published 06 Nov, 2020 02:59am
Gold prices up in Asia
Commodities

Gold prices up in Asia

SINGAPORE: Gold held firm in a narrow range in Asian trade on Thursday as investors were cautiously optimistic that...
Published 06 Nov, 2020 02:59am
Copper prices climb
Commodities

Copper prices climb

LONDON: Copper prices edged higher on Thursday as the dollar slid and investors looked forward to more central bank...
Updated 06 Nov, 2020 03:22am
Aussie, kiwi down
Currency

Aussie, kiwi down

SYDNEY: The Australian and New Zealand dollars were shackled by heightened uncertainty over the outcome of a...
Updated 06 Nov, 2020 03:20am
Pakistan State Oil
Currency

Pakistan State Oil

Pakistan State Oil Limited is the country’s largest OMC and is engaged in marketing and distribution of all...
Published 05 Nov, 2020 07:25am
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 05 Nov, 2020 02:53am
THE RUPEE: Firmness prevails
Currency

THE RUPEE: Firmness prevails

KARACHI: On Wednesday, Pakistan Rupee, on market close, remained unchanged in open market against major currencies...
Published 05 Nov, 2020 02:53am
Oil rises 3pc
Energy

Oil rises 3pc

• Markets volatile as US election outcome unclear NEW YORK: Oil prices rose more than 3% on Wednesday after...
Published 05 Nov, 2020 02:53am
Gold falls in Europe
Commodities

Gold falls in Europe

LONDON: Gold pared losses after sliding over 1% on Wednesday as the dollar steadied and expectations that Democrat...
Published 05 Nov, 2020 02:53am
Copper rebounds
Commodities

Copper rebounds

LONDON: Copper prices edged higher on Wednesday in volatile trading after touching their lowest levels in almost...
Published 05 Nov, 2020 02:53am
Sterling volatile
Currency

Sterling volatile

LONDON: The British pound was volatile on Wednesday as investors waited for the outcome of the US presidential...
Published 05 Nov, 2020 02:53am
Aussie, kiwi slip
Currency

Aussie, kiwi slip

SYDNEY/WELINGTON: The Australian dollar fell 0.7% on Wednesday and its New Zealand counterpart also faltered in...
Published 05 Nov, 2020 02:53am
Weaker pound lifts FTSE 100
Currency

Weaker pound lifts FTSE 100

LONDON: London’s FTSE 100 jumped on Wednesday as a weaker pound boosted shares of exporters, although investors...
Published 05 Nov, 2020 02:53am
Stocks turn positive in knife-edge US election race
Stocks

Stocks turn positive in knife-edge US election race

  • Europe steadies after red start, S&P futures whipsawed.
  • Trump vows to go to Supreme Court for victory.
  • Final result might not be known for a days or weeks.
  • Tech stocks gain on talk a Trump win would favour sector.
  • Dollar rallies, 10-yr Treasury yields down sharply.
  • Gold retreats, oil clings to gains.
Published 04 Nov, 2020 07:40pm
Currencies on roller coaster as US vote count swings; OTP shares shine
Forex

Currencies on roller coaster as US vote count swings; OTP shares shine

  • Stock markets were mixed, with Budapest's main BUX index jumping by 2.3% and Prague rising 0.4%. Shares in Hungarian OTP Bank extended its gains from Tuesday, rising 1.3%.
  • Warsaw's main index, however, fell by almost 2%, which some analysts said was caused by concern about the record numbers of Covid cases and profit taking by some players.
Published 04 Nov, 2020 05:47pm
Cash is still King
Currency

Cash is still King

The 2010s brought with them the promise of a digital future, of seamless connectivity, and painless transactions. ...
Published 04 Nov, 2020 01:55pm
NBP sails smooth
Currency

NBP sails smooth

National Bank of Pakistan (NBP) defied all odds and posted a massive 60 percent year-on-year growth in after-tax...
Published 04 Nov, 2020 08:02am
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 04 Nov, 2020 02:45am
Sterling rises
Currency

Sterling rises

• Overnight implied volatility soars to highest since March LONDON: Sterling rose on Tuesday on the back of a...
Updated 04 Nov, 2020 03:13am
Dollar dips as investors bet on Biden victory
Forex

Dollar dips as investors bet on Biden victory

  • It appears that markets are pricing in solid odds of a Blue Wave today, implying significant fiscal stimulus and debt issuance seen in 2021.
  • The dollar index against a basket of currencies fell 0.55% to 93.52.
Published 03 Nov, 2020 09:06pm
India central bank exploring investment options for reserves
Currency

India central bank exploring investment options for reserves

  • The RBI's foreign exchange reserves stand at a record $560.63 billion.
  • The RBI is likely to continue to buy dollars. The problem is the dollar deployment and getting good returns.
  • The government is comfortable with current rupee levels. It needs to be competitive to help provide an export boost.
Published 03 Nov, 2020 08:11pm
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 03 Nov, 2020 02:50am
Safe-haven units up in Europe
Stocks

Safe-haven units up in Europe

LONDON: Tension grew on Monday before Tuesday's presidential election in the United States, with safe-haven...
Published 03 Nov, 2020 02:50am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold prices gained on Monday on uncertainty surrounding the outcome of Tuesday's US presidential election,...
Published 03 Nov, 2020 02:50am
Sterling falls against dollar
Currency

Sterling falls against dollar

LONDON: Sterling fell against the dollar to its lowest in almost four weeks on Monday after England announced a new...
Published 03 Nov, 2020 02:50am
Lira drives to new low
Currency

Lira drives to new low

ISTANBUL: Turkey's central bank said on Monday it would shut one of the last windows for lenders to access cheaper...
Published 03 Nov, 2020 02:50am
Aussie, kiwi down
Currency

Aussie, kiwi down

SYDNEY: The Australian dollar touched a 15-week low on Monday as more coronavirus lockdowns internationally darkened...
Published 03 Nov, 2020 02:50am
Gold gains as caution sets in ahead of US election
Commodities

Gold gains as caution sets in ahead of US election

  • We're only seeing small gains (in gold) and that's not surprising. This is a massive event driven week, obviously with the elections.
  • "We're seeing a bit of consolidation in the moves after gold came under heavy pressure last week."
Published 02 Nov, 2020 07:23pm
Rouble tumbles vs euro and dollar as US vote approaches
Forex

Rouble tumbles vs euro and dollar as US vote approaches

  • Rouble reaches 80.9525 vs dollar, weakest since March 23.
  • Falls to 94.1425 vs euro, a more than six-year low.
  • Uncertainty before of Tuesday's US election weighs.
  • Kremlin says Russia is preserving macroeconomic stability.
Published 02 Nov, 2020 07:13pm
World shares look past lockdowns as US election approaches
Stocks

World shares look past lockdowns as US election approaches

  • The MSCI world equity index, which tracks shares in 49 countries, was up 0.4%
  • Italy was also set to approve new restrictions as early as Monday after moves in France and Germany last week caused a broad risk-off move across markets.
Published 02 Nov, 2020 05:51pm
China manufacturing data supports copper prices
Commodities

China manufacturing data supports copper prices

  • Benchmark copper on the London Metal Exchange was up 0.2% at $6,729 a tonne.
  • China dominates copper demand, economic activity is back to normal so more stimulus is unlikely. It would be difficult to justify higher prices.
Published 02 Nov, 2020 05:48pm
Asian shares rebound on strong China data, oil on slippery slope
Currency

Asian shares rebound on strong China data, oil on slippery slope

  • MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.5% to 573.04, as China's Caixin/Markit Manufacturing Purchasing Managers' Index offered hope the region's success in containing the coronavirus could spare it the economic pain being inflicted on Europe and the United States.
Published 02 Nov, 2020 10:10am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 26 to...
Published 02 Nov, 2020 02:52am
Respect the taxpayer
Currency

Respect the taxpayer

One slogan that is not raised enough by the economic or political agents in the country is 'taxpayers ko izzat do'....
Published 01 Nov, 2020 02:50am
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 30 Oct, 2020 02:54am
THE RUPEE: Gains on rise
Currency

THE RUPEE: Gains on rise

KARACHI: On Thursday, on market close, PKR continued its upward gain. It went up against USD in both interbank and...
Published 30 Oct, 2020 02:54am
Cotton futures slip
Cotton & Textile

Cotton futures slip

NEW YORK: ICE cotton futures fell to a near two-week low on Thursday, hurt by a stronger dollar and as rising...
Published 30 Oct, 2020 02:54am
Gold down in Europe
Commodities

Gold down in Europe

LONDON: Gold prices dropped to one-month lows on Thursday, hurt by a stronger dollar and lack of clarity on a US...
Published 30 Oct, 2020 02:54am
Raw sugar prices slide
Commodities

Raw sugar prices slide

LONDON: Raw sugar futures on ICE were sharply lower on Thursday while coffee and cocoa prices also weakened as...
Published 30 Oct, 2020 02:54am
Aussie, kiwi steady
Currency

Aussie, kiwi steady

SYDNEY/WELLINGTON: The Australian and New Zealand dollars were picking up the pieces on Thursday after taking a...
Published 30 Oct, 2020 02:54am
Latam FX fails to shake off virus, election worries
Forex

Latam FX fails to shake off virus, election worries

  • Brazil's real fell 0.4%, a day after the country's central bank kept its key interest rate at a record-low 2.00%.
  • The tone of the accompanying statement was a bit less dovish than the previous one.
Published 29 Oct, 2020 08:28pm
Copper slides as demand concerns resurface
Commodities

Copper slides as demand concerns resurface

  • There has been an astounding deterioration in the coronavirus situation pretty much around the world, with the Far East being a notable exception.
  • "If Trump wins, metals could sell off because things will stay tense with China."
Published 29 Oct, 2020 05:59pm
Newmont Corp quarterly profit more than doubles as gold prices rise
Currency

Newmont Corp quarterly profit more than doubles as gold prices rise

  • Gold prices touched record highs during the quarter as a slowdown in economic activities and surging coronavirus cases sent investors to the precious metal.
  • Net income from continuing operations fell to $611 million, or 76 cents per share, from $2.3 billion, or $2.71 per share.
Published 29 Oct, 2020 05:28pm
Lazard quarterly profit beats estimates on M&A recovery
Currency

Lazard quarterly profit beats estimates on M&A recovery

  • Dealmaking activity spiked to a record $1 trillion in the third quarter. But mergers and acquisitions (M&A) deals overall were down 21% at $2.2 trillion in the first nine months of 2020.
  • You don't need necessarily an optimistic outlook on the economy.
Published 29 Oct, 2020 05:21pm
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 29 Oct, 2020 02:53am
Gold falls in Europe
Commodities

Gold falls in Europe

• Silver drops to three-week low LONDON: Gold fell more than 1.5% and silver nearly 6% on Wednesday as investors...
Published 29 Oct, 2020 02:53am
Cotton futures fall
Cotton & Textile

Cotton futures fall

NEW YORK: ICE cotton futures fell to a one-week low on Wednesday, tracking a drop in equities and grains, as...
Published 29 Oct, 2020 02:53am
Trade deficit
Currency

Trade deficit

EDITORIAL: Notwithstanding repeated claims of success in curtailing the danger posed by the 20 billion dollar...
Published 29 Oct, 2020 02:53am
Latam FX dives, Brazil's real hits 5-month low ahead of rate move
Forex

Latam FX dives, Brazil's real hits 5-month low ahead of rate move

  • The real slipped 0.9% to fall for the fourth straight day as Brazil's central bank was seen leaving its benchmark Selic rate at a record low of 2.0% later in the day.
  • The extension of the budget deficit in an effort to fight the effects of the pandemic is limiting the central bank's scope to cut rates further.
Published 28 Oct, 2020 07:57pm
Stocks sink as coronavirus lockdowns loom
Stocks

Stocks sink as coronavirus lockdowns loom

  • Euro STOXX 600 down 2.8% to five-month low.
  • Germany and France prepare to announce restrictions.
  • Wall Street futures point to losses.
  • Euro down 0.6% versus dollar.
  • Currency market volatility jumps before US election.
Published 28 Oct, 2020 06:37pm
GE reports smaller loss, shares rise
Currency

GE reports smaller loss, shares rise

  • GE reported a loss of $1.2 billion in the quarter, compared with a loss in the year-ago period of $9.5 billion that was inflated by a one-time non-cash loss.
Published 28 Oct, 2020 05:41pm
Tunisia central bank chief urges govt to reduce spending plans
Currency

Tunisia central bank chief urges govt to reduce spending plans

  • Governor Marouan Abassi told a parliamentary committee that the central bank could finance the treasury to at most 3% of gross domestic product (GDP).
  • "It is not true that the bank refuses to support the efforts of the state, but the central bank refuses to implement measures that further deepen the crisis and may affect the livelihood of Tunisians,
Published 28 Oct, 2020 04:47pm
Shield Corporation Limited
Currency

Shield Corporation Limited

Shield Corporation Limited (PSX: SCL) was established in 1975 as a public limited company under the Companies Act,...
Published 28 Oct, 2020 07:25am
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 28 Oct, 2020 02:52am
Dollar struggles in Europe
Currency

Dollar struggles in Europe

LONDON: The US dollar fell on Tuesday despite rising worries about a second wave of Covid-19 infections, as ...
Published 28 Oct, 2020 02:52am
Sterling rises against dollar
Currency

Sterling rises against dollar

LONDON: Sterling rose 0.4% on Tuesday afternoon on a weak US dollar, while rising hopes of a trade deal between the...
Published 28 Oct, 2020 02:52am
China phases out use of 'X-factor' in managing yuan value
Currency

China phases out use of 'X-factor' in managing yuan value

  • The China Foreign Exchange Trade System said in a statement it would change the price adjustment model of the central parity rate of the yuan versus the dollar to promote transparency and efficiency.
  • "This does not necessarily mean that they are seeking to actively weaken the yuan - it is just that those tools are no longer needed."
Published 27 Oct, 2020 07:11pm
Where is the rupee headed?
Currency

Where is the rupee headed?

PKR has been appreciating against USD for the past two months. One reason is the USD depreciation against other...
Published 27 Oct, 2020 08:09am
Thal Limited
Currency

Thal Limited

Thal Limited (PSX: THALL) was established as a public limited company in 1966 under the Companies Act, 1913, (now,...
Published 27 Oct, 2020 07:15am
THE RUPEE: Firm trend
Currency

THE RUPEE: Firm trend

KARACHI: On Monday, after market closing, Pakistan Rupee continued on to its upward trend from last week by gaining...
Published 27 Oct, 2020 02:59am
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 27 Oct, 2020 02:59am
US MIDDAY: Gold steadies
Commodities

US MIDDAY: Gold steadies

NEW YORK: Gold prices were steady on Monday as investors worried about a spike in Covid-19 cases and the race for...
Published 27 Oct, 2020 02:59am
Gold gains in Europe
Commodities

Gold gains in Europe

• Platinum down more than 3pc LONDON: Gold rose on Monday, supported by worries over a spike in Covid-19 cases ...
Published 27 Oct, 2020 02:59am
Gold slips in Asia
Commodities

Gold slips in Asia

SINGAPORE: Gold fell below the key psychological level of $1,900 in Asian trade on Monday to its lowest in more than...
Published 27 Oct, 2020 02:59am
Dollar gains in Europe
Currency

Dollar gains in Europe

LONDON: The dollar gained on Monday, as surging coronavirus cases in Europe and the United States and a lack of...
Published 27 Oct, 2020 02:59am
Sterling edges up vs euro on Brexit optimism; short positions reduced
Forex

Sterling edges up vs euro on Brexit optimism; short positions reduced

  • The dollar strengthened, equities fell, and markets were broadly risk-off. Analysts cited new lockdowns in Europe and record-high daily virus cases in the United States.
  • Right now there's a bit of optimism creeping in from the weekend developments - the extension of the talks until Wednesday,
Published 26 Oct, 2020 05:50pm
Emerging markets' dollar debt tops $4 trillion for first time, BIS says
Currency

Emerging markets' dollar debt tops $4 trillion for first time, BIS says

  • The central bank umbrella group said a 14% jump in debt issuance during the April to June second quarter had driven a 7% year-on-year increase in broader dollar-denominated credit.
  • Consistent with the past few quarters, credit to Africa and the Middle East registered the highest growth rate at 14%.
Published 26 Oct, 2020 05:25pm
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 19 to...
Published 26 Oct, 2020 02:52am
Wheat: reduce the procurement
Currency

Wheat: reduce the procurement

Last week the sub-committee on wheat of Economic Coordination Committee (ECC) of Cabinet recommended an increase in...
Published 25 Oct, 2020 02:25am
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 24 Oct, 2020 02:41am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.792...
Published 24 Oct, 2020 02:41am
Growth and exports
Currency

Growth and exports

The International Monetary Fund (IMF) in April and the World Bank (WB) in May 2020 scaled down Pakistan's growth...
Updated 24 Oct, 2020 03:03am
Dollar headed for weekly loss amid election, stimulus uncertainty
Forex

Dollar headed for weekly loss amid election, stimulus uncertainty

  • Republican President Donald Trump and Democratic challenger Joe Biden squared off on Friday in a less raucous debate than their previous meeting.
  • It was certainly more productive than the first one, but I don't think there was any meaningful shakeup in the outlook for the election.
Published 23 Oct, 2020 08:07pm
Sri Lankan shares end flat as materials, consumer staples drag
Stocks

Sri Lankan shares end flat as materials, consumer staples drag

  • The benchmark stock index closed 0.05% lower at 5,768.94. The bourse fell 3% in the past week and is down 5.9% for the year so far.
  • Ceylinco Insurance Plc and Nawaloka Hospitals Plc were the biggest boosts to the index, rising 2.8% and 11.5%, respectively.
Published 23 Oct, 2020 06:22pm
Time to go long
Currency

Time to go long

The current account is in surplus after 21 quarters of deficits. When the incumbents came to power, the first ...
Published 23 Oct, 2020 07:40am
Dadex Eternit Limited
Currency

Dadex Eternit Limited

Dadex Eternit Limited (PSX: DADX) was established in 1959 as a public limited company under the repealed Companies...
Published 23 Oct, 2020 07:25am
Reforming judicial system
Currency

Reforming judicial system

It is a fact that nothing worthwhile has been done by Legislature-no matter whether under civilian or military...
Updated 26 Oct, 2020 09:17am
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 23 Oct, 2020 02:32am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.548...
Published 23 Oct, 2020 02:32am
Unilever sales dip
Currency

Unilever sales dip

THE HAGUE: Anglo-Dutch consumer giant Unilever said Thursday its sales declined in the third quarter, even though...
Updated 23 Oct, 2020 02:57am
Turkish lira weakens
Currency

Turkish lira weakens

ISTANBUL: Turkey's lira weakened on Thursday after rising to its strongest since Oct. 6 against the dollar, as...
Updated 23 Oct, 2020 02:57am
Hariri named as Lebanon's new prime minister
Currency

Hariri named as Lebanon's new prime minister

  • Hariri won the backing of a majority of parliamentarians and faces major challenges to navigate Lebanon's power-sharing politics and agree a cabinet, which must then address a mounting list of woes
Published 22 Oct, 2020 03:47pm
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 22 Oct, 2020 02:54am
THE RUPEE: Mixed behaviour
Currency

THE RUPEE: Mixed behaviour

KARACHI: On Wednesday, after market closing, Pakistan Rupee displayed mixed behaviour. It gained in value against ...
Published 22 Oct, 2020 02:54am
Gold jumps in New York
Commodities

Gold jumps in New York

NEW YORK: Gold rose one percent in early trade in New York to its highest in over a week on Wednesday as investor...
Published 22 Oct, 2020 02:54am
Dollar index falls in Europe
Currency

Dollar index falls in Europe

• Yuan surges after firmer central bank guidance LONDON: The dollar extended its losses on Wednesday, hitting its...
Published 22 Oct, 2020 02:54am
Sterling jumps
Currency

Sterling jumps

LONDON: Sterling soared on Wednesday to a six-week high and 1.7% on the day against the US dollar after a Bloomberg...
Published 22 Oct, 2020 02:54am
Fund's return to austerity
Currency

Fund's return to austerity

Keeping in view the export orders in hand, Abdul Razzak Dawood, Advisor to the PM on Commerce and Industries, has...
Updated 21 Oct, 2020 03:29am
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 21 Oct, 2020 02:53am
Gold moves higher in NY
Commodities

Gold moves higher in NY

NEW YORK: Gold edged higher on Tuesday as the dollar weakened and hopes for a US coronavirus aid package ahead of ...
Published 21 Oct, 2020 02:53am
Euro rebounds in Europe
Currency

Euro rebounds in Europe

LONDON: The euro rebounded to a one-week high on Tuesday as global stocks recovered from early losses with investors...
Published 21 Oct, 2020 02:53am
Sterling rises against dollar
Currency

Sterling rises against dollar

LONDON: Sterling rose against the dollar but fell versus the strong euro on Tuesday, with investors still searching...
Published 21 Oct, 2020 02:53am
Iran's rial climbs
Currency

Iran's rial climbs

DUBAI: The Iranian rial bounced back from record lows to a near one-month high against the US dollar on Tuesday ...
Published 21 Oct, 2020 02:53am
Aussie, kiwi slip
Currency

Aussie, kiwi slip

SYDNEY/WELLINGTON: The Australian dollar eased to a three-week low on Tuesday as the country's central bank edged...
Published 21 Oct, 2020 02:53am
Costly bans
Currency

Costly bans

What does a biscuit advertisement have in common with a mobile game? Based on the government’s recent bans on each...
Published 20 Oct, 2020 03:15pm
Conflicting signals
Currency

Conflicting signals

The big changes in the movement of key macroeconomic variables following the spread since March 2020 of COVID-19 ...
Published 20 Oct, 2020 02:42am
Après Gujranwala, Karachi
Currency

Après Gujranwala, Karachi

After the show of force by the 11-party Pakistan Democratic Movement (PDM) in Gujranwala and Karachi, what the near...
Published 20 Oct, 2020 02:42am
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 20 Oct, 2020 02:42am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose about 1% on Monday as the dollar retreated and expectations for a US stimulus deal ahead of the...
Published 20 Oct, 2020 02:42am
Gold surges in Europe
Commodities

Gold surges in Europe

LONDON: Gold rose about 1% on Monday as the dollar retreated and expectations for a US stimulus deal ahead of the...
Published 20 Oct, 2020 02:42am
Aussie, kiwi up
Currency

Aussie, kiwi up

SYDNEY: The Australian dollar rose on Monday after data showed China extended its economic recovery, and the New...
Published 20 Oct, 2020 02:42am
Raw sugar hits 7-1/2-month high, cocoa also climbs
Commodities

Raw sugar hits 7-1/2-month high, cocoa also climbs

  • March raw sugar settled up 0.29 cent, or 2.0%, at 14.72 cents per lb, the highest prices since February 26.
  • March London cocoa settled up 32 pounds, or 2.0%, at 1,673 pounds per tonne, pulling away from an eight-week low of 1,627 pounds set on Friday.
Updated 20 Oct, 2020 02:24am
Dollar eases on cautious optimism around US fiscal package
Forex

Dollar eases on cautious optimism around US fiscal package

  • The dollar index declined 0.3%, giving back some of its 0.7% gain from last week when a global surge in coronavirus cases.
  • There is growing optimism that there is going to be one last strong attempt to get a stimulus deal.
Published 20 Oct, 2020 01:43am
IBM revenue edges past estimates on cloud strength
Currency

IBM revenue edges past estimates on cloud strength

  • The results come just weeks after Big Blue surprised investors with its announcement of splitting itself into two public companies.
  • "We continue to see a very strong pattern in acceleration of our clients' digital transformation ... We are seeing that play out in our Red Hat business.
Published 20 Oct, 2020 01:03am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 12 to...
Published 19 Oct, 2020 03:02am
Yen safety status at risk
Currency

Yen safety status at risk

LONDON/TOKYO: The coronavirus epidemic - and the collapse in global interest rates it has sparked - may have blown a...
Published 19 Oct, 2020 03:02am
THE RUPEE: Gains extend
Currency

THE RUPEE: Gains extend

KARACHI: On Friday, on market close, PKR again showed gain in value against USD in both interbank and open markets....
Published 17 Oct, 2020 03:08am
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 17 Oct, 2020 03:08am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.741...
Published 17 Oct, 2020 03:08am
Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive
Stocks

Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive

  • The S&P 500 was up 20 points, or 0.6%, at 3,503.63, while the Dow Jones Industrial Average jumped 253 points, or 0.9%, to 28,744.49.
  • Shares of Pfizer added 3.1%. The US drugmaker said on Friday it could file for US authorization of the COVID-19 vaccine it is developing with German partner BioNTech as early as late November.
Published 17 Oct, 2020 12:10am
Dollar heads for weekly gain as pandemic recovery stalls
Forex

Dollar heads for weekly gain as pandemic recovery stalls

  • As fresh curbs to combat COVID-19 were introduced in Europe and Britain, the world’s reserve currency surged to a two-week high of 93.910 against a basket of currencies. It held just below that peak in Asian morning trade.
Published 16 Oct, 2020 10:29am
THE RUPEE: More recovery
Currency

THE RUPEE: More recovery

KARACHI: On Thursday, after market close, PKR showed gain in value against USD in both interbank and open markets. ...
Published 16 Oct, 2020 02:45am
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 16 Oct, 2020 02:45am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.240...
Published 16 Oct, 2020 02:45am
Gold falls in Europe
Commodities

Gold falls in Europe

LONDON: Gold prices fell on Thursday as the dollar rose after hopes faded for an US fiscal stimulus package before...
Published 16 Oct, 2020 02:45am
Gold prices down in Asia
Commodities

Gold prices down in Asia

SINGAPORE: Gold edged lower in Asian trade on Thursday as the dollar gained after US Treasury Secretary Steve ...
Published 16 Oct, 2020 02:45am
Copper prices rebound
Commodities

Copper prices rebound

LONDON: Copper prices rebounded on Thursday as strong demand in top consumer China overcame concerns that rising...
Published 16 Oct, 2020 02:45am
Aussie, euro down in Europe
Currency

Aussie, euro down in Europe

LONDON: The Australian dollar hit a two-week low on Thursday after the head of the central bank hinted at possible...
Published 16 Oct, 2020 02:45am
Sterling weakens
Currency

Sterling weakens

LONDON: Sterling weakened sharply on Thursday, sent lower by concerns about the obstacles keeping the European Union...
Published 16 Oct, 2020 02:45am
Latam FX fall
Currency

Latam FX fall

Sao Paulo: Latin American currencies fell on Thursday as the dollar gained on dwindling risk sentiment due to rising...
Published 16 Oct, 2020 02:45am
Gold edges up after Trump offers larger US stimulus
Commodities

Gold edges up after Trump offers larger US stimulus

  • Spot gold rose 0.3% at $1,906.15 per ounce by 1:46 p.m. EDT (1746 GMT). US gold futures settled up 0.1% at $1,908.90.
  • Trump said he would agree to go higher than the $1.8 trillion that the White House has offered in coronavirus stimulus to strike a deal.
Published 16 Oct, 2020 12:56am
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 15 Oct, 2020 03:10am
THE RUPEE: Overall gains
Currency

THE RUPEE: Overall gains

KARACHI: On Wednesday, after market closing, Pakistan Rupee displayed gain in value against USD in both interbank ...
Published 15 Oct, 2020 03:10am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold gained 1% on Wednesday, rebounding from a sharp decline in the previous session, boosted by a weaker...
Published 15 Oct, 2020 03:10am
Gold jumps in Europe
Commodities

Gold jumps in Europe

LONDON: Gold gained 1% on Wednesday, rebounding from a sharp decline in the previous session, as the dollar weakened...
Published 15 Oct, 2020 03:10am
Gold rises in Asia
Commodities

Gold rises in Asia

SINGAPORE: Gold firmed on Wednesday as uncertainties over a global economic recovery and the US presidential ...
Published 15 Oct, 2020 03:10am
Sterling jumps
Currency

Sterling jumps

LONDON: Sterling climbed nearly 1% on Wednesday after Britain and the European Union said they had made “some...
Published 15 Oct, 2020 03:10am
Sterling bounces on hope of further Brexit talks
Forex

Sterling bounces on hope of further Brexit talks

  • Sterling's implied volatility gauges soared to a seven-month high of more than 13pc indicating investors were prepared for unexpected moves in the British currency in the next hours.
Published 14 Oct, 2020 05:57pm
E&P sector in FY20
Currency

E&P sector in FY20

The looming gas crisis this winter is a testament to declining gas production and depleting gas reserves in the...
Published 14 Oct, 2020 08:12am
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 14 Oct, 2020 03:33am
THE RUPEE: No change
Currency

THE RUPEE: No change

KARACHI: On Tuesday, after market close, PKR remained unchanged against USD in interbank market. It however went ...
Published 14 Oct, 2020 03:33am
Gold falls in Europe
Commodities

Gold falls in Europe

LONDON: Gold fell as much as 1.9% on Tuesday, hitting below $1,900 an ounce, as the dollar rallied on an impasse ...
Published 14 Oct, 2020 03:33am
Sterling dips below $1.30
Currency

Sterling dips below $1.30

LONDON: Sterling sank on Tuesday, dipping against a broadly stronger dollar as investors kept an eye on ongoing...
Published 14 Oct, 2020 03:33am
Rupiah steadies
Currency

Rupiah steadies

SINGAPORE: The Indonesian rupiah held steady on Tuesday after the central bank, as expected, kept interest rates...
Published 14 Oct, 2020 03:33am
Aussie, kiwi down
Stocks

Aussie, kiwi down

SYDNEY: The Australian and New Zealand dollars were lower on Monday, reversing some of the previous week's gains as...
Published 13 Oct, 2020 02:45am
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 13 Oct, 2020 02:45am
Gold slips in Europe
Commodities

Gold slips in Europe

LONDON": Gold prices fell from a three-week peak on Monday as expectations of a limited US coronavirus relief bill...
Published 13 Oct, 2020 02:45am
Gold eases in Asia
Commodities

Gold eases in Asia

SINGAPORE: Gold retreated slightly from a three-week high in Asian trade, as the dollar recouped some of its losses...
Published 13 Oct, 2020 02:45am
Sterling holds above $1.30
Currency

Sterling holds above $1.30

LONDON: Sterling edged higher on Monday as hopes for a Brexit deal kept the currency above the key $1.30 level, ...
Published 13 Oct, 2020 02:45am
Circular debt
Currency

Circular debt

EDITORIALS: Energy sector's circular debt has reached 2.3 trillion rupees against 1.2 trillion rupees inherited by...
Published 13 Oct, 2020 02:45am
Mexican peso falls; Latam currencies subdued in thin trading
Forex

Mexican peso falls; Latam currencies subdued in thin trading

  • The peso fell for the first time in four sessions, sliding 0.4% as industrial output rose 3.3% in August, less than half of July's figure.
  • Mexican Industry expanded less in August than in previous months as the country's recovery from a coronavirus shutdown slows.
Updated 13 Oct, 2020 01:53am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. ((October 5 to ...
Published 12 Oct, 2020 02:58am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (September 1 to...
Published 12 Oct, 2020 02:58am
SBP responds to FAQs on FCY accounts rules
Currency

SBP responds to FAQs on FCY accounts rules

  • Protection of Economic Reforms Act-1992 (PERA) was amended in 2018. The amendments made in PERA included, inter alia, that federal government may make rules governing deposits into and withdrawals from the foreign currency accounts.
Published 11 Oct, 2020 08:52pm
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
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
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
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
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
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 09 Oct, 2020 02:37am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at 6.441 billion...
Published 09 Oct, 2020 02:37am
Sterling stabilises
Currency

Sterling stabilises

LONDON: Sterling stabilised on Thursday as prospects for a Brexit deal appeared to improve, with Britain giving it a...
Published 09 Oct, 2020 02:37am
Kiwi falls, Aussie up
Currency

Kiwi falls, Aussie up

SYDNEY/WELLINGTON: The New Zealand dollar slipped against its US and Australian counterparts on Thursday, undermined...
Published 09 Oct, 2020 02:37am
Gold prices up in Asia
Commodities

Gold prices up in Asia

SINGAPORE: Gold prices rose in Asian trade on Thursday, helped by a softer dollar and renewed optimism over some US...
Published 09 Oct, 2020 02:37am
Japan rubber futures jump
Commodities

Japan rubber futures jump

TOKYO: Japanese rubber futures jumped to a five-week high on Thursday as hopes for a partial deal on US coronavirus...
Published 09 Oct, 2020 02:37am
Dollar steady as markets wait on stimulus news
Forex

Dollar steady as markets wait on stimulus news

  • We're just really consolidating. I think the market right now lacks near-term conviction, partly because of uncertainty about US fiscal policy, and sensitivity to these US presidential tweets.
  • The greenback was little changed at 105.99 Japanese yen, and against the euro at $1.1757.
Published 09 Oct, 2020 01:34am
Brazil's real rises, record retail sales help lift mood
Forex

Brazil's real rises, record retail sales help lift mood

  • Brazilian retail sales rise to highest on record in August.
  • Knee-jerk response to US vote in EM may be limited –GS.
  • Mexican peso reverses declines to extend gains to second day.
  • Colombia central bank could add liquidity measures.
Published 09 Oct, 2020 01:17am
South Africa rand inches firmer on US stimulus hopes
Forex

South Africa rand inches firmer on US stimulus hopes

  • There has been a tentative improvement in risk appetite overnight after US President Trump posted a number of tweets suggesting he was once again open to piecemeal fiscal stimulus measures.
  • In fixed income, the yield on the benchmark government bond due in 2030 was 2 basis points higher at 9.555%..
Published 09 Oct, 2020 12:56am
Basmati: what is at stake?
Currency

Basmati: what is at stake?

Last week, BR Research covered the gaps in local Geographical Indications framework and its implementation that ...
Updated 08 Oct, 2020 02:54pm
Ittehad Chemicals Limited
Currency

Ittehad Chemicals Limited

Ittehad Chemicals Limited (PSX: ICL) was established in 1962 by the name of United Chemcials.it later became Ittehad...
Published 08 Oct, 2020 08:21am
THE RUPEE: Gains prevail
Currency

THE RUPEE: Gains prevail

KARACHI: On Wednesday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets. However, it remained unchanged against Euro in open market.
Published 08 Oct, 2020 02:58am
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 08 Oct, 2020 02:54am
Dollar steadies in Europe
Currency

Dollar steadies in Europe

LONDON: The dollar steadied on Wednesday, down against most currencies, after an initial jump triggered by US...
Published 08 Oct, 2020 02:54am
Turkish lira hits record low
Currency

Turkish lira hits record low

ISTANBUL: Turkey’s lira touched a record low against the dollar on Wednesday, hit by investor unease over possible...
Published 08 Oct, 2020 02:54am
Mexican, Chilean pesos rise as other Latam currencies fall
Forex

Mexican, Chilean pesos rise as other Latam currencies fall

  • Brazil real falls as Guedes says emergency budget ends this year
  • Mexico's investment plan viewed as positive by analysts
  • Chilean peso strengthens after higher copper prices
  • Oil exporter Colombia's peso hit by falling crude prices.
Published 08 Oct, 2020 02:00am
Pakistan Cables Limited
Currency

Pakistan Cables Limited

Pakistan Cables Limited (PSX: PCAL) was established in 1953 as a private limited company but soon in 1955, it was...
Published 07 Oct, 2020 08:22am
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 07 Oct, 2020 02:54am
THE RUPEE: Mixed signals
Currency

THE RUPEE: Mixed signals

KARACHI: On Tuesday, upon market closing, PKR exhibited mixed signals. It lost value against USD in interbank market...
Published 07 Oct, 2020 02:54am
Gold eases in New York
Commodities

Gold eases in New York

NEW YORK: Gold fell on Tuesday as Treasury yields climbed, although the metal held above the key $1,900 support ...
Published 07 Oct, 2020 02:54am
Dollar steadies in Europe
Currency

Dollar steadies in Europe

LONDON: The dollar stabilised on Tuesday after weakening against most currencies in earlier trade, as rising ...
Published 07 Oct, 2020 02:54am
Sterling holds near $1.30
Currency

Sterling holds near $1.30

LONDON: Sterling held near $1.30 on Tuesday as signs of progress in Brexit talks helped cement gains after investors...
Published 07 Oct, 2020 02:54am
Aussie, kiwi rise
Currency

Aussie, kiwi rise

SYDNEY/WELLINGTON: The Australian and New Zealand dollars crept higher against the greenback and yen on Tuesday, but...
Published 07 Oct, 2020 02:54am
National Foods Limited
Currency

National Foods Limited

National Foods Limited (PSX: NATF) was established as a private limited company in 1970. It was later converted into...
Published 06 Oct, 2020 07:16am
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 06 Oct, 2020 03:00am
THE RUPEE: $ loses value
Currency

THE RUPEE: $ loses value

KARACHI: On Monday, upon market closing, USD continued to lose value against PKR in both interbank and open markets....
Published 06 Oct, 2020 03:00am
Gold climbs in New York
Commodities

Gold climbs in New York

NEW YORK: Gold jumped 1% on Monday on optimism around a US stimulus bill and a weakened dollar, despite gains in the...
Published 06 Oct, 2020 03:00am
Eurozone recovery weakens
Currency

Eurozone recovery weakens

LONDON: The eurozone's economic recovery faltered in September with growing evidence sectors and countries in the...
Published 06 Oct, 2020 03:00am
Sterling falls against euro
Currency

Sterling falls against euro

LONDON: Sterling fell against the euro on Monday, although losses were limited as most analysts said they expect...
Published 06 Oct, 2020 03:00am
Dollar broadly down in Europe
Currency

Dollar broadly down in Europe

LONDON: The dollar index slipped on Monday and riskier currencies gained, as financial markets waited for news about...
Published 06 Oct, 2020 03:00am
Dollar dips as risk sentiment lifted by stimulus hopes
Forex

Dollar dips as risk sentiment lifted by stimulus hopes

  • Stocks rallied on Monday on the stimulus hopes and as Trump said he would be discharged from the hospital where he in his fourth day of treatment for the virus.
  • I think the market is convinced that sooner or later fiscal stimulus will materialize in the wake of data that continues to show a moderating US economy.
Published 06 Oct, 2020 01:48am
Analysing the Roshan Digital Accounts
Mutual Funds

Analysing the Roshan Digital Accounts

The launching of the Roshan Digital Accounts is a very good initiative and the State Bank must ensure that this turns out to be a success. In order to resolve the issues that are being faced by the NPRs, State Bank needs to improve their communication strategy so that all the concerns are addressed.
Updated 05 Oct, 2020 03:39pm
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 28 to...
Published 05 Oct, 2020 02:38am
EU takes action over UK's blow to Brexit bill
Currency

EU takes action over UK's blow to Brexit bill

London now has a month to reply to the Commission’s formal letter of complaint and even more time to change tack before the Brussels-based executive can sue at the bloc’s top court.
Published 03 Oct, 2020 03:57pm
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 03 Oct, 2020 02:45am
THE RUPEE: Dollar weakens
Currency

THE RUPEE: Dollar weakens

KARACHI: On Friday, upon market closing, USD went down against PKR in both interbank and open markets. PKR also...
Published 03 Oct, 2020 02:45am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.964 billion and...
Published 03 Oct, 2020 02:45am
Aussie, kiwi slip
Currency

Aussie, kiwi slip

SYDNEY: The Australian and New Zealand dollars slipped on Friday and bonds jumped as risk appetite soured after US...
Published 03 Oct, 2020 02:45am
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 02 Oct, 2020 02:30am
THE RUPEE: Firm trend
Currency

THE RUPEE: Firm trend

KARACHI: On Thursday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets....
Published 02 Oct, 2020 02:30am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.447 billion ...
Published 02 Oct, 2020 02:30am
Dollar tumbles in Europe
Currency

Dollar tumbles in Europe

• Yuan rises to year-and-a-half high against dollar LONDON: The dollar fell to a nine-day low on Thursday as...
Published 02 Oct, 2020 02:30am
Karam Ceramics Limited
Currency

Karam Ceramics Limited

Karam Ceramics Limited (PSX: KCL) was established in 1979 as a public limited company. Initially it was named...
Published 01 Oct, 2020 08:49am
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 01 Oct, 2020 02:58am
THE RUPEE: Fall reverses
Currency

THE RUPEE: Fall reverses

KARACHI: On Wednesday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets....
Published 01 Oct, 2020 02:58am
US MIDDAY: Gold falls
Commodities

US MIDDAY: Gold falls

NEW YORK: Gold edged down on Wednesday, as a chaotic first US presidential debate drove investors to the safety of...
Published 01 Oct, 2020 02:58am
Gold steadies in Europe
Commodities

Gold steadies in Europe

LONDON: Gold steadied on Wednesday, as a chaotic first US presidential debate drove investors to the safety of the...
Published 01 Oct, 2020 02:58am
Copper rebounds
Commodities

Copper rebounds

LONDON: Copper prices rebounded on Wednesday on strong economic data from top metals consumer China and the United...
Published 01 Oct, 2020 02:58am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Tuesday, PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.961 billion...
Published 01 Oct, 2020 02:58am
Dollar ticks up in Europe
Currency

Dollar ticks up in Europe

LONDON: The dollar ticked up in Europe on Wednesday, recovering some losses after a two-day fall, as traders weighed...
Published 01 Oct, 2020 02:58am
Turkish lira rebounds
Currency

Turkish lira rebounds

ISTANBUL: The lira firmed 1% against the dollar on Wednesday, rebounding from a record low after Turkey unveiled an...
Published 01 Oct, 2020 02:58am
Mounting debt
Currency

Mounting debt

EDITORIAL: The Ministry of Finance while briefing the cabinet on the overall picture of the country’s debt ...
Published 01 Oct, 2020 02:58am
Latam FX rise as dollar steadies; Mexican peso shines
Forex

Latam FX rise as dollar steadies; Mexican peso shines

  • The peso more than made up for losses over the last three sessions and was poised for its best session in three weeks.
  • We expect the monthly fiscal deficit to... (converge) to our end-2020 forecast of a 948 billion reais deficit or 13.7% of GDP.
Published 01 Oct, 2020 01:32am
Copper rebounds on upbeat Chinese and US economic data
Commodities

Copper rebounds on upbeat Chinese and US economic data

  • Copper fluctuated between modest losses and gains in early trade but climbed after the US payrolls data was released.
  • The data overnight shows China is clearly improving, but at the same time so has the data in terms of available copper stocks over the past few days.
Published 30 Sep, 2020 11:52pm
Dollar ticks up after Trump/Biden debate
Forex

Dollar ticks up after Trump/Biden debate

  • The dollar index against a basket of currencies crept above the 94 mark, after two days of losses that followed the dollar reaching a two-month high last week.
Published 30 Sep, 2020 04:47pm
First U.S. presidential debate fails to move investors
Currency

First U.S. presidential debate fails to move investors

  • Republican President Donald Trump repeatedly interrupted Democratic rival Joe Biden in the Cleveland debate, the first ahead of the Nov. 3 U.S. presidential election, that touched on Trump’s taxes, the economy, the coronavirus pandemic and election integrity.
Published 30 Sep, 2020 10:16am
Hub Power Company Limited
Currency

Hub Power Company Limited

Hub Power Company Limited (PSX: HUBC) is an independent power producer (IPP) that has over 1600MW combined installed...
Published 30 Sep, 2020 07:30am
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 30 Sep, 2020 02:42am
THE RUPEE: Erosion persists
Currency

THE RUPEE: Erosion persists

KARACHI: On Tuesday, upon market closing, Pakistan Rupee went down against USD in both interbank and open markets. ...
Published 30 Sep, 2020 02:42am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Monday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.428 billion and...
Published 30 Sep, 2020 02:42am
Dollar index slips in Europe
Currency

Dollar index slips in Europe

LONDON: The dollar index slipped from recent two-month highs on Tuesday, as markets waited for the first debate...
Published 30 Sep, 2020 02:42am
Gold climbs in New York
Commodities

Gold climbs in New York

NEW YORK: Gold rose to its highest in nearly a week on Tuesday as the dollar weakened and hopes rose for additional...
Published 30 Sep, 2020 02:42am
Lira tumbles
Currency

Lira tumbles

ISTANBUL: Turkey's lira touched a record low against the dollar on Tuesday as investors weighed the impact of the...
Published 30 Sep, 2020 02:42am
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 29 Sep, 2020 02:57am
THE RUPEE: Moves down
Currency

THE RUPEE: Moves down

KARACHI: On Monday, upon market closing, Pakistan Rupee went down against USD in both interbank and open markets...
Published 29 Sep, 2020 02:57am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Friday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.692 billion and...
Published 29 Sep, 2020 02:57am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose on Monday, erasing early losses as the dollar retreated from a two-month peak ahead of the US...
Published 29 Sep, 2020 02:57am
Copper gains
Commodities

Copper gains

LONDON: Copper prices firmed on Monday as expectations of robust demand from top consumer China supported sentiment,...
Published 29 Sep, 2020 02:57am
CBOT wheat ends up on bargain buying, dryness in Russia
Commodities

CBOT wheat ends up on bargain buying, dryness in Russia

  • CBOT December soft red winter wheat settled up 6 cents at $5.50-1/4 per bushel, rebounding after a slide to $5.37-3/4.
  • Russia badly needs rains to arrive within the next few weeks as its farmers continue to sow the 2021 winter wheat crop.
Published 29 Sep, 2020 01:41am
South Africa's rand firms on risk-taking, stocks jump
Forex

South Africa's rand firms on risk-taking, stocks jump

  • Earlier the rand had hit a session low of 16.9850, helped by an improvement in sentiment toward emerging markets after China reported strong industrial growth data.
  • If market players are left empty-handed with more questions than answers, this could spark a fresh wave of risk aversion that hits emerging market currencies and assets.
Published 28 Sep, 2020 11:30pm
US must stand up to China if Biden wins, focus less on trade
Currency

US must stand up to China if Biden wins, focus less on trade

  • A fiery critic of the Trump administration who writes a column for the New York Times, Krugman said the dispute over Chinese technology giant Huawei.
  • The US-China situation is complicated. On the one hand, the US has genuine complaints; on the other, there is very little support for Trump's trade war.
Published 28 Sep, 2020 10:58pm
NCPL in FY20
Currency

NCPL in FY20

Nishat Chunian Power Limited (PSX: NCPL), a Nishat Group IPP announced financial performance for FY20 recently,...
Published 28 Sep, 2020 08:57am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 21 to...
Published 28 Sep, 2020 03:07am
THE RUPEE: Rising trend
Currency

THE RUPEE: Rising trend

KARACHI: On Friday, upon market closing, Pakistan Rupee went up against USD in inter-bank market. In open market, ...
Published 26 Sep, 2020 02:40am
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 26 Sep, 2020 02:40am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 11.857 billion ...
Published 26 Sep, 2020 02:40am
Sterling falls against dollar
Currency

Sterling falls against dollar

LONDON: Sterling erased earlier gains in a choppy session on Friday as investors hoped Britain's new scaled-back job...
Published 26 Sep, 2020 02:40am
Turkish rate hike needs follow through for real game change
Currency

Turkish rate hike needs follow through for real game change

  • It was a bold move by the CBT which should restore credibility and improve investor sentiment.
  • "The rate needs to be 100 or 200 basis points above inflation - then we can get much more structurally constructive on the lira," Tatha Ghose, FX & EM analyst at Commerzbank, said.
Published 25 Sep, 2020 11:43pm
Losses mount for BYCO
Currency

Losses mount for BYCO

Byco Petroleum Limited’s (PSX: BYCO) overall losses took a further dive in FY20 - 44 percent year-on-year to be...
Published 25 Sep, 2020 08:20am
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 25 Sep, 2020 02:45am
THE RUPEE: Stable against USD
Currency

THE RUPEE: Stable against USD

KARACHI: On Thursday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets. It...
Published 25 Sep, 2020 02:45am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 10.692 billion...
Published 25 Sep, 2020 02:45am
Copper prices tumble
Commodities

Copper prices tumble

LONDON: Copper fell to a one-month low on Thursday as the US dollar strengthened, sapping demand for commodities...
Published 25 Sep, 2020 02:45am
US corn, soya fall
Commodities

US corn, soya fall

CHICAGO: US corn and soyabean futures dropped to their lowest in more than a week on Thursday, with investors ...
Published 25 Sep, 2020 02:45am
Sterling erases gains
Currency

Sterling erases gains

LONDON: Sterling lost some steam but remained above $1.27 in later trade on Thursday after British finance minister...
Published 25 Sep, 2020 02:45am
US to provide $720mn Syria aid; $108mn for South Sudan
Currency

US to provide $720mn Syria aid; $108mn for South Sudan

  • Biegun said the additional funds for Syria would bring total US support since the start of the crisis there to more than $12 billion.
  • Washington says its sanctions are not intended to harm the people and do not target humanitarian assistance.
Published 25 Sep, 2020 01:52am
Mexican peso break losing streak, cenbank cuts rates
Forex

Mexican peso break losing streak, cenbank cuts rates

  • The peso broke a four-session losing streak to rise 1.2% as the dollar lost traction against major rivals.
  • Brazil's real jumped 1.3%. The country's central bank lifted its 2020 GDP forecast to minus 5.0% from minus 6.4%.
Published 25 Sep, 2020 01:34am
Dollar loses ground as stocks gain on stimulus hopes
Forex

Dollar loses ground as stocks gain on stimulus hopes

  • We had a very disappointing jobless claims number that emphasizes that more needs to be done.
  • The market's put two plus two together and made five out of it, but if you were really to pressure some of those traders and say do you really believe it,
Published 25 Sep, 2020 01:27am
Stronger dollar and new COVID-19 cases drag metals lower
Commodities

Stronger dollar and new COVID-19 cases drag metals lower

  • Investors fretting about the impact of a sharp rise in cases in Europe kept the dollar near two-month highs.
  • Three-month copper on the London Metal Exchange was down 0.8% at $6,551 a tonne at 1650 GMT after touching its lowest since Aug. 18.
Published 24 Sep, 2020 11:53pm
Sterling edges higher ahead of Sunak's speech
Forex

Sterling edges higher ahead of Sunak's speech

  • Sunak, who announced on Wednesday that he would not now set out a full budget later this year, was expected to unveil a lifeline to some furloughed workers in a speech around 1045 GMT.
Published 24 Sep, 2020 03:13pm
Nimir Resins Limited
Currency

Nimir Resins Limited

Nimir Resins Limited (PSX: NRSL) was established as a private limited company in 1964 under the Companies Act, 1913...
Published 24 Sep, 2020 08:32am
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 24 Sep, 2020 02:47am
Copper prices plummet
Commodities

Copper prices plummet

LONDON: Copper prices fell sharply on Wednesday as the dollar strengthened, and the slowing pace of the metal’s...
Published 24 Sep, 2020 02:47am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Tuesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.285 billion and...
Published 24 Sep, 2020 02:47am
Turkish lira grinds lower
Currency

Turkish lira grinds lower

ISTANBUL: Turkey’s currency continued its gradual descent to record lows on Wednesday, reflecting expectations the...
Published 24 Sep, 2020 02:47am
Coping with COVID-19: The Pakistan Experience
Currency

Coping with COVID-19: The Pakistan Experience

Center for Global Development (CGDev) in partnership with the Consortium for Development Policy Research (CDPR) organized a webinar, ‘Coping with COVID-19: The Pakistan Experience,’ bringing together a panel of experts to discuss Pakistan’s experience with COVID-19, its impact on the country’s health sector and economy, and the lessons learned from the evolving national response. It also explored the impact of social safety nets and digital ID systems on the pandemic response and recovery.
Published 23 Sep, 2020 05:14pm
Rouble slips, Yandex shares outperform
Forex

Rouble slips, Yandex shares outperform

  • The rouble was 0.3pc weaker against the dollar at 76.31, moving towards 76.5950, its lowest level since April which it hit earlier in September.
Published 23 Sep, 2020 03:57pm
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 23 Sep, 2020 02:48am
THE RUPEE: Mixed signals
Currency

THE RUPEE: Mixed signals

KARACHI: On Tuesday, Pakistan Rupee exhibited mixed signals. It gained value against USD in interbank market while...
Published 23 Sep, 2020 02:48am
Gold falls in Europe
Commodities

Gold falls in Europe

LONDON: Gold fell for a second straight session on Tuesday as the dollar climbed to a near two-month peak, with...
Published 23 Sep, 2020 02:48am
Copper prices bounce
Commodities

Copper prices bounce

LONDON: Copper prices rebounded on Tuesday as investors took advantage of a pull-back from two-year highs and as...
Published 23 Sep, 2020 02:48am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Monday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 12.816 billion and...
Published 23 Sep, 2020 02:48am
Lira keeps descending
Currency

Lira keeps descending

ISTANBUL: Turkey’s lira continued its descent on Tuesday and for the first time touched 9 versus the euro, as...
Published 23 Sep, 2020 02:48am
Argentina economy plunges record 19.1pc in second quarter on pandemic impact
Currency

Argentina economy plunges record 19.1pc in second quarter on pandemic impact

  • The steep fall, deeper than a 16.3% drop during Argentina's major 2002 crisis, came as the South American country imposed a strict lockdown in mid-March to stem the virus.
  • The key is the lockdown, which restricted supply and was a blow to demand, which pummeled economic activity in the second quarter of 2020.
Published 23 Sep, 2020 12:50am
South Africa's rand recovers after sell-off, stocks slide
Forex

South Africa's rand recovers after sell-off, stocks slide

  • The recent price fluctuations within the USD/ZAR pair shows how sensitive the ZAR has been along with other emerging market currencies are to global risk sentiment.
  • Bonds weakened with the yield on benchmark 2030 government paper up 10 basis points to 9.415%.
Published 22 Sep, 2020 11:03pm