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
"SpongeBob SquarePants" creator Stephen Hillenburg, who brought the zany cartoon marine underworld of Bikini Bottom to television, the movies and the stage, has died at the age of 57, the Nickelodeon television network said last Tuesday. Hillenburg had sa
There are times when a declarer has to take cognizance of the contract as a whole and apply reasoning and logic to determine the trick taking power that he has and by doing so establish that extra trick which otherwise could doom his contract bid.
Bollywood actress Priyanka Chopra and American singer Nick Jonas hosted an extravagant concert Sunday for their star-studded wedding guests as the couple tied the knot at a lavish Indian palace. Chopra, 36, and Jonas, 26 performed an opulent Indian music
Best known for romantic comedies, Oscar winning actress Sandra Bullock has to fight for survival in dark, dystopian thriller "Bird Box". Bullock, known for "Miss Congeniality" as well as dramas "The Blind Side" and "Gravity", plays Malorie, a woman desper
Beyonce led an all-star line-up including Ed Sheeran, Jay-Z and Usher in Johannesburg at a concert to honour the life and legacy of Nelson Mandela on Sunday. The concert was the climax of a year of events celebrating the centennial of Mandela's birth in 1
Flying through the clouds with a black parrot umbrella and holding her signature carpet bag, whimsical British nanny Mary Poppins made her "practically perfect" movie comeback last Thursday, more than 50 years after first charming audiences worldwide. "Ma
Every human has fundamental rights to survive with dignity regardless of race, colour, religion, sex, language, political or other opinion, national or social origin, property, birth or other status. Human rights are set and preserved by United Nations by
If you are a food enthusiast, particularly one with a fondness for Asian flavors, you will know Indonesia through the two foods that are known around the world for their unique taste: Indomie, the perfect staple for college students living on a budget and
What do you give the world's most literate country for its 100th birthday? For Finland's politicians and public, the answer was simple: a vast, state-of-the-art library, a new "living room for the nation". Twenty years in the planning, Helsinki's central
Bold and brave expressive style was evident in the current series of work by A S Rind in a solo exhibition at Artciti Gallery, Karachi. He exhibited a natural exuberance in his paintings by using a rich colour palette and a strong focus on design and patt
The contemporary art by youngsters in the present time aid to harness the transformative power of art to promote awareness, provoke dialogue and inspire action. So do the artworks by the final year students of Centre of Excellence Art and Design (CEAD), J
Sitting in a building made from used tyres, plastic bottles and old sneakers, Cambodian student Roeun Bunthon jots down notes during an English lesson at the "Rubbish School" where tuition is paid for with trash instead of cash. In return, needy kids like
Eduard Romanov points to a spot on a block of flats where a major supporting beam has sagged and begun to crack, destabilising the nine storeys of apartments above. In Russia's Siberian city of Yakutsk, one of the coldest on Earth, climate change is causi
Two in one, 5000 miles and a ticket free, 5 cups of coffee and the 6th is on us, Rs 20,000 purchase and 20% off. The lure of the offers is almost irresistible. Organizations have long focused on the love of buyers to get "something for nothing". The free-
On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,647. The traded value of Metals, Energy and COTS/FX was recorded at 38.390 billion and the number of lots traded 60,527.
Chicago Board of Trade soyabean futures fell for the first time in five sessions on Thursday as worries about trade tensions between Washington and Beijing and a lack of new soyabean sales to China weighed down the market. The arrest of Chinese telecoms g
Euronext wheat edged lower on Wednesday, curbed by a drop in US futures and a backdrop of sluggish export demand. Benchmark March milling wheat on the Paris-based Euronext exchange settled down 0.50 euro, or 0.2 percent, at 202.50 euros ($229.86) a tonne.
The Taiwan Flour Millers' Association bought 110,000 tonnes of milling wheat to be sourced from the United States in a tender on Wednesday, European traders said on Thursday. The wheat was bought in two consignments for shipment in 2019 from the US Pacifi
China's steel prices eased on Thursday after surging nearly 2.5 percent in the previous session, as worries about oversupply and weak demand resurfaced. Earlier market talks on potential production restriction in top steelmaking city Tangshan were proved
The Karachi Port handled 172,114 tonnes of cargo comprising 127,984 tonnes of import cargo and 44,130 tonnes of export cargo including 9,475 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 12
Restricted buying was seen on the cotton market on Friday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8,800, they added. Prices of seed cotton in Sindh improved slightly at Rs 3000-4000, in the Punjab seed
Asia's benchmark gasoline margin narrowed its unusual discount to Brent crude on Thursday but concerns of a persistent supply glut continued to weigh on market sentiment with excess supplies struggling to find an outlet, trade sources said.
Japan's Nikkei share average snapped a three-day losing streak to close higher on Friday, after Wall Street shares clawed back some of their sharp losses.
Wall Street fell more than 1 percent on Friday, with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-US trade situation offset the effect of a jump in oil prices and a tepid US jobs report.
The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading on Thursday as the arrest of a Chinese technology executive fanned fears of U.S-China tensions over trade, while some beaten-up big technology an
Australian shares closed higher on Friday, snapping three weeks of consecutive losses, as investors were heartened by growing views that the country's central bank may consider an interest rate cut at some point next year.
US Treasury yields fell on Thursday, with 10-year yields hitting three-month lows, as traders scaled back expectations on the number of rate hikes the Federal Reserve would implement amid weakening economic data and market volatility.
US Treasury yields fell on Thursday, with 10-year yields hitting three-month lows, as traders scaled back expectations on the number of rate hikes the Federal Reserve would implement amid weakening economic data and market volatility.
Indian shares ended higher on Friday, boosted by a surge in Kotak Mahindra Bank Ltd shares on a report that Warren Buffett's Berkshire Hathaway Inc might take a stake in the private-sector lender.
China's main equity market indexes ended flat on Friday in thin trade as investors remained cautious after the arrest of a senior Huawei executive sparked a global sell-off on fears it could derail hopes for a lasting US-China trade detente.
European shares staged a small recovery on Friday snapping three days of heavy losses, but stocks notched up their worst week of losses in two months amid growing worries that the US-China trade row may erupt again and slowing global economic growth.
Hong Kong stocks closed lower on Friday, marking the end of a volatile week of trading, as the arrest of a senior Huawei executive dampened hopes of a lasting resolution to the US-China trade conflict.
Most Southeast Asian stock markets picked up on Friday after two consecutive sessions of losses on speculation that the US Federal Reserve might stop its tightening cycle after an expected rate hike at its meeting later this month.
Britain's top stock index rose on Friday after a tumultuous week, supported by a rally in oil stocks after OPEC and Russia agreed to cut output, but investors also fretted about next Tuesday's key parliamentary vote on Brexit.
Chinese-owned Irish leasing company Avolon firmed up its largest ever purchase on Friday with an order for 100 Airbus jets worth $11.5 billion at list prices, lifting the covers off a deal struck in the face of global trade tensions.
China's foreign exchange reserves unexpectedly rose in November for the first time in four months as the yuan posted a rare gain amid signs of a thaw in trade tensions between Washington and Beijing.
The US International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminium sheet products from China, a finding that locks in duties on the products.
Nearly half of Tanzania's 45 banks are vulnerable to adverse shocks and risk insolvency in the event of a global financial crisis, the International Monetary Fund (IMF) said on Friday.
Lawyers in Mozambique are suing US fossil fuel giant Anadarko to block its planned $20 billion gas project, arguing the land was illegally taken from locals, according to a statement published Friday. Anadarko is one of the global companies investing bill
The British public's expectations for inflation in a year's time have risen to a five-year high but fewer people expect an interest rate hike over the next 12 months, a Bank of England survey showed on Friday.
Sentiment among US corporate leaders declined for the third straight quarter, according to a survey released Friday, the latest sign of mounting belief that US economic growth may have peaked. The economic outlook rating among US chief executives declined
High oil prices pushed India's current account deficit in July-September to its widest in over four years, according to data released by the central bank on Friday. However, the current account deficit is likely to fall due to a sharp drop in crude prices
US job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019.
Nearly 4,000 police and private security guards will be deployed in Madrid for the "high-risk" Copa Libertadores final between Argentine rivals Boca Juniors and River Plate, the government said Friday.
Fast bowler Mohammad Amir, leg-spinner Shadab Khan and openers Fakhar Zaman and Shan Masood have been recalled, as the National Selection Committee headed by Inzamam-ul-Haq after consultation with captain Sarfraz Ahmed and Head Coach Mickey Arthur on Frid
Chile will become the latest country to boast a female referee in men's professional football, following the announcement by the league (ANFP) that Maria Belen Carvajal will take charge of a second division match this weekend.
New Zealand dismissed Pakistan for 156 in their second innings to seal a 123-run victory and a 2-1 series triumph on day five of the third and final Test in Abu Dhabi on Friday.
Abbas Zeb clinched the trophy after securing victory against Zeeshan Zeb in the final of the Under-19 category of the 39th Chief of the Air Staff National Junior Squash Championship played here at PAF Hashim Khan Squash Complex on Friday.
Bulgarian weightlifting suffered another blow on Friday when European youth champion Dayana Dimitrova was banned for life after a second doping offence since April 2017, the Balkan country's federation said on Friday.
Travis Head scored an unbeaten half-century on his home debut to give Australia hope of reeling in India's first innings lead despite a string of batting failures on day two of the first test on Friday. Australia were 191 for seven, with Head 61 not out a
The dollar struggled to recover in Asian trade on Friday, hobbled by fresh speculation that a widely expected rate hike later this month could be the last before Federal Reserve hits the pause button on its tightening cycle. Investors have been alarmed by
The dollar steadied on Friday after a big overnight drop as growing speculation that the US central bank may soon signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing. US Federal Reserve Chairman Jerom
The dollar weakened against major currencies on Friday after data showed US employers hired fewer workers than forecast in November, backing the view that US growth is moderating and the Federal Reserve may stop raising rates sooner than previously though
The dollar weakened against major peers on Thursday as US Treasury yields fell and traders scaled back expectations on the number of rate hikes the Federal Reserve would implement amid weakening economic data and heightened market volatility.
The Australian dollar is set for a subdued weekly performance as traders wager on a small chance of a cut in the country's official cash rate while its New Zealand cousin retreated from a near six-month top. The Australian dollar was last at $0.7229 on Fr
Asian currencies clawed back some of their losses against the dollar on Friday after three straight days of decline, as lower bond yields and speculation that the pace of US monetary tightening will slow next year softened the greenback.
The Sri Lankan rupee ended firmer on Friday, helped by inward dollar remittances, but foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on market sentiment. The rupee ended at 178.70/85 per dollar on Friday,
Sterling fell on Friday and was headed for a fourth consecutive week of losses as British Prime Minister Theresa May pressed ahead with plans for a parliamentary vote on her Brexit deal despite warnings it could topple her government.
Indian Prime Minister Narendra Modi's ruling party is likely to lose two heartland states while a third is too close to call, exit polls showed on Friday in the final test of popularity before a national election due by May next year. Surveys broadcast at
Qatar paid the salaries of nearly 30,000 Gazan civil servants on Friday, delighting the impoverished workers but angering some in the deeply divided Palestinian leadership who balked at the intervention of a foreign power.
China's Huawei will spend $2 billion as part of efforts to address security issues raised in a British government report earlier this year, sources with knowledge of the matter said on Friday. Huawei, the world's biggest producer of telecoms equipment, fa
Yemen's government would not rule out an offensive on the key port of Hodeida if rebels refuse to withdraw, sparking an immediate rebuff by the Huthi insurgents as the warring sides met for UN-brokered talks on Friday. Nearly four years into a war that ha
The United States has dropped a bid to hold a UN Security Council meeting on North Korea's human rights record after failing to garner enough support for the talks, diplomats said Friday. The decision to scrap the meeting held every year since 2014 also c
Turkey on Friday asked the US to scrap observation posts in northern Syria aimed at helping prevent clashes between Turkish forces and a Kurdish militia backed by Washington. Defence Minister Hulusi Akar made the demand during a meeting with James Jeffrey
Switzerland on Friday shrugged off a deadline set by the European Union to agree on future ties, despite Brussels taking a hard line on economic links unless Bern agrees to key demands. The EU wanted Switzerland to approve a broad deal that would simplify
President Donald Trump on Friday tapped William Barr, a conservative lawyer who was attorney general in the administration of the late George H.W. Bush, to lead the US Department of Justice. Barr would succeed Jeff Sessions, who Trump sacked last month am
The United States on Friday took a fresh swipe at a UN migration pact that it shunned a year ago, just days before an international conference in Morocco to endorse the accord.
Copper climbed more than 1 percent on Friday as the dollar looked set to record its biggest weekly drop in two months, tempting buyers back to the metal after the previous day's steep slide. Three-month copper on the London Metal Exchange ended up 1.2 per
Oil prices ended more than 2 percent higher on Friday after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the gains were capped by concerns that the cuts would not offset growing p
Benchmark Tokyo rubber futures rose on Friday, as macro market mood remained positive after a trade truce was announced between China and the United States over the weekend. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in
Malaysian palm oil futures were down at the midday break on Friday, set to chart a second week of losses, weighed down by weakness in related edible oils and crude oil. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivative
Raw sugar futures on ICE rallied on Friday, boosted by a surge in oil prices, while robusta coffee set a new two-month low as worries about plentiful supplies persisted. March raw sugar was up 0.40 cent, or 3.2 percent, at 13.04 cents per lb at 1435 GMT,
Gold rose on Thursday to near a five-month peak on a weaker dollar and on expectations the pace of US interest rate hikes will slow, with the bullion also getting support from falling equities. Spot gold was up 0.2 percent at $1,239.44 per ounce at 13:48
Gold prices edged higher in Asian trade on Friday and were on track for their best week in 15, as the dollar weakened on renewed speculation of an imminent pause in the US Federal Reserve's tightening cycle. Markets now await US nonfarm payrolls data, exp
Gold prices hit a five-month peak in European trade on Friday and continued to trade close to that level as the dollar slid following weaker-than-expected US jobs data that raised the possibility that the US Federal Reserve might go slow on interest rate
US soyabean futures firmed for the fifth time in six sessions on Friday on solid weekly export sales data and short-covering ahead of the weekend as the market waited for signs that China may soon resume purchases from the United States. Corn also advance
Gold hit a five-month peak on Friday as the dollar slid following weaker-than-expected US jobs data, which added to expectations the US Federal Reserve may go slow on interest rate hikes next year. Spot gold gained 0.7 percent to $1,245.74 per ounce at 11
Senate Standing Committee on Overseas Pakistanis and Human Resource Development Friday recommended the government to establish two schools and a polytechnic institute in district Zhob of Balochistan to address needs of the youth.
The government of Turkmenistan has requested Pakistan to organise inaugural ceremony of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in March 2019.
Foreign Secretary Tehmina Janjua Friday expressed Pakistan's readiness to host the 19th South Asian Association for Regional Cooperation (SAARC), which has been pending for the last two years due to India's reluctance to attend it.
The Supreme Court on Friday directed WAPDA to prepare PC-I for the construction of Nai Gaj Dam in 15 days. A three-member bench, headed by Chief Justice Mian Saqib Nisar, was informed that the schedule and the breakdown of cost of the project depend upon
Prime Minister's Advisor on Commerce, Abdul Razak Dawood is reaching Karachi on Saturday (today) to hold a meeting with the stakeholders regarding labeling requirements for import of edible products, official sources told Business Recorder.
