Standard & Poor''s stripped ExxonMobil of its triple A rating Tuesday, saying the oil giant''s rising debt and weaker earnings outlook meant it no longer qualified for the highest designation. The one-notch move, the latest ripple effect on the oil indust

Fiat Chrysler Automobiles (FCA) Tuesday beat analysts' forecasts with significantly higher first-quarter net profits driven by sales in North America but the Italian-US automaker's debt pile also rose. The results were FCA's first as a single, unified glo

Fiat Chrysler Automobiles (FCA) Tuesday beat analysts' forecasts with significantly higher first-quarter net profits driven by sales in North America but the Italian-US automaker's debt pile also rose. The results were FCA's first as a single, unified glo

South Korea vowed Tuesday to restructure the country's once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo

Thomson Reuters Corp on Tuesday reported higher-than-expected quarterly earnings on improved results in its main business of providing news and analytics to financial companies. Sales in the Financial & Risk division, which accounted for about half of the

Thomson Reuters Corp on Tuesday reported higher-than-expected quarterly earnings on improved results in its main business of providing news and analytics to financial companies. Sales in the Financial & Risk division, which accounted for about half of the

Randstad, the world's second-largest staffing agency, is looking for acquisitions and hopes to insulate itself from economic downturns by expanding services for companies that need to lay off staff. The market for so-called outplacement services to help b

Ford Motor Co will invest $1.6 billion in two US factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say ho

Japanese car maker Mitsubishi Motors Corp said on Tuesday it used fuel economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known. It said aggressive internal targets may have put pressure on empl

Tea prices in Bangladesh rose at the first auction of the new season on Tuesday due to the availability of fresh and good quality leaf despite a large volume on offer, brokers said. Bangladeshi tea fetched an average of 196.86 taka ($2.51) per kg at the a

Small business activity was seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the cereals side, wheat bardan gained Rs 50 to Rs 3010, other items were unmoved due to balanced demand and supply, they said. On the s

Both the futures were lower on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The May vaida closed at Rs 2046.80 and it dropped 10 paisas at Rs 2040.70, dealers said. The July vaida closed at Rs 2049.10 and it

Prices of cotton came down on the cotton market on Wednesday due to quality factor, dealers said. The official spot rate was lower by Rs 50 to Rs 5600, they said. In the Punjab, seed-cotton prices were at Rs 3100 and Rs 3200, they said. In ready session,

The Karachi Port handled 107,812 tonnes of cargo comprising 90,613 tonnes of import cargo and 17,199 tonnes of export cargo including 4,869 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9

US natural gas futures fell nearly 4 percent on Monday, retreating from two-month highs earlier in the day, on forecasts for slightly warmer-than-usual weather. Front-month natural gas futures on the New York Mercantile Exchange settled down 7.7 cents, or

Ukraine's grain exports in the 2016/17 July-June season are likely to fall by 9.5 percent to 32.4 million tonnes due to a smaller harvest and a decrease in feed usage, analyst UkrAgroConsult said on Tuesday. Ukraine is likely to harvest 54.9 million tonne

Corn export premiums for shipments from the US Gulf Coast were steady on Tuesday as the export pipeline was well supplied following recent waves of farmer sales and moderate demand, traders said. Brazil has given grain trading companies an initial quota o

European wheat prices bounced on Monday following a rise on US markets where the grain was supported by short-covering after posting sharp losses on Friday. May milling wheat on Paris-based Euronext was 2.00 euros or 1.3 percent higher by 1535 GMT at 152.

Hard red winter wheat cash basis bids in the southern US Plains held steady on Tuesday with farmers tracking wheat ratings while overlooking a slight bump in futures prices, merchandisers said. US winter wheat was rated 59 percent good-to-excellent, up 2

All timings are in PST (Pakistan Standard Time).

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,231 million and the number of lots traded was 30.30 million. PMEX Commodity Index closed at 2,834. Major business was contributed by gold amounting to PKR 5,536 million followed by

The following were the fluctuations observed during the day:

The following were the fluctuations observed during the day:

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (April 27, 2016).

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (April 27, 2016).

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (April 27, 2016).

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (April 27, 2016).

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (April 27, 2016).

Interest rates on old and incremental FCY deposits on Wednesday (April 27, 2016).

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (April 27, 2016).

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (April 27, 2016).

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (April 27, 2016).

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 27, 2016).

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (April 27, 2016).

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

The weather report on Wednesday (April 27, 2016) and the forecast for Thursday (April 28, 2016).

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (April 27, 2016).

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 27, 2016).

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (April 27, 2016).

The following were Tuesday official prices.

JLI Meeseq Fund Rates on Wednesday (April 27, 2016).

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz and his Chinese counterpart Wang Yi met in Beijing on Wednesday and expressed satisfaction over the pace of projects being implemented under the China-Pakistan Economic Corridor (CPEC). Sartaj Aziz

JLI Meeseq Fund Rates on Wednesday (April 27, 2016).

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz and his Chinese counterpart Wang Yi met in Beijing on Wednesday and expressed satisfaction over the pace of projects being implemented under the China-Pakistan Economic Corridor (CPEC). Sartaj Aziz

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (April 27, 2016).

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz and his Chinese counterpart Wang Yi met in Beijing on Wednesday and expressed satisfaction over the pace of projects being implemented under the China-Pakistan Economic Corridor (CPEC). Sartaj Aziz

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (April 27, 2016).

Pakistan sees no major 'breakthrough' in the stalled dialogue process with India in wake of foreign secretaries meeting in New Delhi on Tuesday that largely remained confined to each other's 'concerns', especially RAW's subversives activities and the issu

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (April 27, 2016).

Pakistan sees no major 'breakthrough' in the stalled dialogue process with India in wake of foreign secretaries meeting in New Delhi on Tuesday that largely remained confined to each other's 'concerns', especially RAW's subversives activities and the issu

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (April 27, 2016).

Bulls dominated the share market Wednesday with the KSE-100 index surging 1.25 percent because of what analysts said investors' optimism for strong corporate earnings. The benchmark index rose by 422 points to close at five-month high of 34,269 points com

JLI Yaqeen Growth Fund Rates on Wednesday (April 27, 2016).

Bulls dominated the share market Wednesday with the KSE-100 index surging 1.25 percent because of what analysts said investors' optimism for strong corporate earnings. The benchmark index rose by 422 points to close at five-month high of 34,269 points com

JLI Meeseq Fund Rates on Wednesday (April 27, 2016).

On Wednesday, BRIndex30 opened at 21,286.22 points and remained positive throughout the trading session. It touched an intraday high of 21,565.37 points and an intraday low of 21,287.72 points and closed at 21,506.82 points which was 220.6 points or 1.04

JLI Managed Takaful Fund Rates on Wednesday (April 27, 2016).

On Wednesday, BRIndex30 opened at 21,286.22 points and remained positive throughout the trading session. It touched an intraday high of 21,565.37 points and an intraday low of 21,287.72 points and closed at 21,506.82 points which was 220.6 points or 1.04

JLI Yaqeen Growth Fund Rates on Wednesday (April 27, 2016).

Bulls dominated the share market Wednesday with the KSE-100 index surging 1.25 percent because of what analysts said investors'' optimism for strong corporate earnings. The benchmark index rose by 422 points to close at five-month high of 34,269 points co

JLI Yaqeen Growth Fund Rates on Wednesday (April 27, 2016).

Hillary Clinton and Donald Trump were a giant step closer to their parties' presidential nominations Wednesday after crushing their respective Democratic and Republican rivals in a string of presidential primaries. Clinton has now virtually cleared the wa

JLI Capital Growth Takaful Fund Rates on Wednesday (April 27, 2016).

Hillary Clinton and Donald Trump were a giant step closer to their parties' presidential nominations Wednesday after crushing their respective Democratic and Republican rivals in a string of presidential primaries. Clinton has now virtually cleared the wa

JLI Managed Takaful Fund Rates on Wednesday (April 27, 2016).

The Federal Cabinet has approved the budget strategy paper for the next fiscal year with Finance Minister acknowledging that the country would miss the budgeted GDP growth target of 5.5 per cent for the current fiscal year due to a massive decline in cott

JLI Managed Takaful Fund Rates on Wednesday (April 27, 2016).

The Federal Cabinet has approved the budget strategy paper for the next fiscal year with Finance Minister acknowledging that the country would miss the budgeted GDP growth target of 5.5 per cent for the current fiscal year due to a massive decline in cott

JLI Capital Growth Takaful Fund Rates on Wednesday (April 27, 2016).

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries

JLI Capital Growth Takaful Fund Rates on Wednesday (April 27, 2016).

The Federal Cabinet has approved the budget strategy paper for the next fiscal year with Finance Minister acknowledging that the country would miss the budgeted GDP growth target of 5.5 per cent for the current fiscal year due to a massive decline in cott

EFU Managed Growth Fund Rates on Wednesday (April 27, 2016).

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries

EFU Managed Growth Fund Rates on Wednesday (April 27, 2016).

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries

EFU Pension Growth Fund Rates on Wednesday (April 27, 2016).

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries

EFU Pension Growth Fund Rates on Wednesday (April 27, 2016).

Punjab Chief Minister Shahbaz Sharif has said that Prime Minister has announced a commission for investigation into Panama Leaks and clearly said that if his name is included, he will apologise and go home. After announcement of Prime Minister, there is n

EFU Managed Growth Fund Rates on Wednesday (April 27, 2016).

Chairman Council of Islamic Ideology (CII) Maulana Muhammad Khan Sherani on Wednesday stressed for extraneous efforts to check concentration of wealth in a few hands and ensure equitable distribution of resources. Talking to reporters after conclusion of

EFU Capital Growth Fund Rates on Wednesday (April 27, 2016).

Chairman Council of Islamic Ideology (CII) Maulana Muhammad Khan Sherani on Wednesday stressed for extraneous efforts to check concentration of wealth in a few hands and ensure equitable distribution of resources. Talking to reporters after conclusion of

EFU Capital Growth Fund Rates on Wednesday (April 27, 2016).

International Consortium of Investigative Journalists (ICIJ) on Wednesday admitted that Prime Minister Nawaz Sharif's name was erroneously added to the Panama Papers. ICIJ has removed the Prime Minister's name from the Panama Papers and has further clarif

EFU Capital Growth Fund Rates on Wednesday (April 27, 2016).

International Consortium of Investigative Journalists (ICIJ) on Wednesday admitted that Prime Minister Nawaz Sharif's name was erroneously added to the Panama Papers. ICIJ has removed the Prime Minister's name from the Panama Papers and has further clarif

EFU Pension Growth Fund Rates on Wednesday (April 27, 2016).

Leader of Opposition in the Senate Chaudhry Aitzaz Ahsan said the first internal forensic audit should be conducted over the 'Panama leaks' before the constitution of Judicial Commission to start the accountability of the Prime Minister's family. A delega

EFU Aitemad Growth Fund Rates on Wednesday (April 27, 2016).

The OECD on Wednesday became the latest global body to warn of the economic dangers of Britain leaving the European Union, as figures showed a slowdown in Britain's economic growth. The Organisation for Economic Cooperation and Development said Britons wo

EFU Guaranteed Growth Fund Rates on Wednesday (April 27, 2016).

The OECD on Wednesday became the latest global body to warn of the economic dangers of Britain leaving the European Union, as figures showed a slowdown in Britain's economic growth. The Organisation for Economic Cooperation and Development said Britons wo

EFU Aitemad Growth Fund Rates on Wednesday (April 27, 2016).

Prime Minister Ahmet Davutoglu on Wednesday pledged that Turkey's draft constitution would guarantee secularism after calls for a religious charter sparked controversy in the predominantly Muslim country. "Secularism will feature in the new constitution w

EFU Aitemad Growth Fund Rates on Wednesday (April 27, 2016).

Prime Minister Ahmet Davutoglu on Wednesday pledged that Turkey's draft constitution would guarantee secularism after calls for a religious charter sparked controversy in the predominantly Muslim country. "Secularism will feature in the new constitution w