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
The Qatar stock market slid to a near three-month low on Wednesday, dragged down by its blue-chip banking shares, while Saudi Arabia crept higher, aided by petrochemicals. Qatar's index fell for a sixth straight day, declining 1.2 percent, and lenders Mas
Wall Street's main indexes traded higher on Wednesday, though off session highs, boosted by rising expectations that the United States and China could reach a deal during their ongoing trade talks, with benign inflation data offering support. "So far, so
Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another partial federal government shutdown and by optimism surrounding US-China trade negotiations. All three major US stock indexes posted the
Indian shares wiped off early gains to end lower in a topsy-turvy trade on Wednesday, dragged by oil marketers, a day after the retail inflation came below the Reserve Bank of India's target for a sixth straight month. Annual retail inflation in January r
US Treasury yields rose on Tuesday after lawmakers reached a tentative pact to avert another government shutdown, and as investors focused on inflation data expected on Wednesday for further signals about interest rate policy. The agreement in principle t
US Treasury yields rose on Tuesday after lawmakers reached a tentative pact to avert another government shutdown, and as investors focused on inflation data expected on Wednesday for further signals about interest rate policy. The agreement in principle t
Chinese shares jumped on Wednesday, rising for a fourth straight session, after US President Donald Trump suggested the deadline for Beijing and Washington to strike a trade deal could be pushed back. The Shanghai Composite index closed 1.8 percent higher
Tokyo's Nikkei index closed at a two-month high on Wednesday, tracking gains on Wall Street as fears about a US-China trade war and another US government shutdown eased. The benchmark Nikkei 225 index rose 1.34 percent, or 280.27 points, to 21,144.48, mar
European shares rose on Wednesday as optimism about trade talks lifted global markets and data showed earnings growth forecasts for Europe were stabilising after steep downward revisions. The pan-European STOXX 600 index was up 0.6 percent, rising for the
Singapore stocks closed at a more than 4-month high on Wednesday, leading the gains in Southeast Asia after US President Donald Trump said he could relax the China trade deal deadline, while Philippines fell for the fourth straight day. Trump said on Tues
Britain's FTSE 100 climbed to its highest in over four months on Wednesday as miners gained and upbeat earnings lifted packaging firms DS Smith and Smurfit Kappa, while reports Brexit could be delayed eased some fears of a disruptive no-deal exit. The FTS
South Korea's unemployment rate jumped to a nine-year high in January as more people shunned low-paying work in the face of rising minimum wages, putting further pressure on the economy and deepening policy frustrations for President Moon Jae-in.
October is still an "opportune time" for Japan to raise its sales tax as risks posed by global trade tensions are likely to be temporary, an official at ratings agency Moody's Investors Service said on Wednesday. Christian de Guzman, a vice president of s
Cyprus on Wednesday tightened its lucrative citizenship-for-investment scheme to make it more "trustworthy" after the European Commission said it could help organised crime gangs infiltrate the bloc. The cabinet approved a series of tighter checks to make
Thousands of South African workers staged nationwide demonstrations on Wednesday to protest against high unemployment and government policies they say have failed to create jobs and are deepening poverty. Workers dressed in red t-shirts, showing their loy
Belgium slowed to a standstill on Wednesday as a national strike closed airports, shuttered businesses and caused major disruption to railways. The strike, called by three unions, severely disrupted the country's public transport, particularly in Brussels
The European Union pushed ahead Wednesday with an agreement that will allow Russia to continue to build a new gas pipeline to Europe, despite US warnings it posed a security risk. The EU's revised gas directive aims to establish common gas market rules fo
British inflation fell to a two-year low in January, dipping below the Bank of England's target and offering some relief to consumers who have tightened their belts ahead of Brexit. Consumer prices rose at an annual rate of 1.8 percent, down from December
Malta's largest bank was the target of a cyber attack Wednesday, with hackers attempting to withdraw 13 million euros ($14.7 million), Prime Minister Joseph Muscat said. The Bank of Valletta, in which the government is the largest shareholder, shut down i
Ford announced Wednesday it is recalling 1.5 million of its best-selling F-150 pickup trucks due to a glitch in its transmission system that can lead to accidents. The defect is present on some 2011 models of the truck with six-speed automatic transmissio
US consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.
Renault said Wednesday that its board has decided not to pay out the equivalent of two years of salary to ex-CEO Carlos Ghosn which would have been due to him under a non-compete clause in his contract. After a meeting on Wednesday, the board also said th
The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty. Unemployment around the world fell last year to 5.0 percent -
Pebble Breakers overcame spirited Olympia by 8-6 1/2 in the Hamdan Polo Cup 2019 match played here at Lahore Polo Club ground on Wednesday. Hamza Mawaz Khan was hero of the day as he struck a quartet for the winning side while Juan Cruz Losada banged in a
Fauji Foods Limited, the renowned food and beverage company of Pakistan, is bringing a wholesome boost to the 4th edition of Pakistan Super League (PSL) by partnering with Karachi Kings. PSL 2019 is scheduled to be played from February 14, 2019 with a tot
Martin Guptill returned to form with an unbeaten century as New Zealand powered to an eight-wicket win over Bangladesh in the first one-day international in Napier on Wednesday. Bangladesh set New Zealand a modest run chase of 233 after suffering an early
Pakistani opening batsman Imam ul Haq has joined the Peshawar Zalmi squad for PSL-IV starting in Dubai from Thursday (today). Chairman Peshawar Zalmi Javed Afridi welcomed Imam ul Haq in the squad saying "With the inclusion of Imam, our squad has further
Extending good wishes to all the teams and players participating in Pakistan Super League-IV (PSL-IV), the Punjab Chief Minister Sardar Usman Buzdar has congratulates all the team players as well as Pakistan Cricket Board on the start of the event on Thur
West Indies fast bowler Shannon Gabriel was Wednesday suspended for four one-day internationals after breaching the International Cricket Council's code of conduct over comments made to England's Joe Root. Gabriel has been fined 75 percent of his match fe
Business is booming in the Bundesliga with the German Football League (DFL) announcing Wednesday total revenue of 4.42 billion euros ($5 billion) for last season, generating a record number of jobs.
Indus Motors Company (IMC) will support Saadi Abbas Jalbani, a local karate athlete with over 13 Asian honors to his name, to represent Pakistan in the Tokyo 2020 Olympic Games. This initiative is taken under the company's global 'Start Your Impossible' i
Vishwa Fernando took four wickets as underdogs Sri Lanka heeded new captain Dimuth Karunaratne's call to "compete in every session" on the first day of the first Test against South Africa at Kingsmead on Wednesday.
The dollar edged lower versus its peers on Wednesday, as rising hopes of a breakthrough in US-China trade talks led investors to put money into the euro and Asian currencies. The euro gained 0.1 percent to $1.1335, while the Aussie dollar, often considere
The New Zealand dollar and Sweden's crown rose after their central banks broke with the growing caution of the world's major monetary-policy makers, surprising traders who had expected more dovish signals.
The US dollar rose modestly on Wednesday morning after a measure of inflation excluding energy prices rose, prompting the greenback to reverse the prior day's pullback. The Labour Department reported that its Consumer Price Index was unchanged for the thi
The dollar fell on Tuesday, ending its longest winning streak in two years, as investors put money in riskier assets on rising hopes of a breakthrough in US-China trade talks.
The New Zealand dollar surged on Wednesday after the country's central bank sounded less dovish on policy than speculators had wagered on, forcing a round of heavy short covering. The kiwi shot up 1.1 percent to $0.6811 as a result, recovering a week's wo
Emerging Asian currencies firmed on Wednesday on hopes for resolution of the Sino-U.S trade war after the United States opened the door to extending the 90-day truce that is due to end on March 1.
Sterling briefly spiked half a percent on Wednesday, propelled by large purchase orders executed in a thin market, while renewed suggestions of a delay to Britain's exit from the European Union also buoyed sentiment on the currency.
Chicago Board of Trade's wheat futures followed Tuesday's firming of soybean and corn futures, amid choppy trade and questions about whether cold weather could cause damage to the wheat crop in the coming weeks, traders said.
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,574. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.869 billion and the number of lots traded 7,369.
Euronext wheat fell on Tuesday to its lowest in almost three months as traders continued to worry that international demand may be insufficient to allow western European exports catch up after a slow start to the season. A large discount for new-crop pric
More downpours are needed to strengthen Ivory Coast's April-to-September cocoa mid-crop despite above-average rains in most growing regions last week, farmers said. Ivory Coast, the world's top cocoa producer, is in the dry season, which runs from Novembe
US dry natural gas production will rise to an all-time high of 90.16 billion cubic feet per day in 2019 from a record high of 83.26 bcfd in 2018, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Tuesday.
The Karachi Port handled 146,007 tonnes of cargo comprising 86,662 tonnes of import cargo and 59,345 tonnes of export cargo including 7,354 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Lacklustre business activity was seen on the cotton market on Wednesday in the absence of motiivating factors, dealers said The official spot rate was unchanged at Rs 8,600, they added. In the ready session, not a single deal finalised during the session,
China's iron ore and steel futures retreated on Tuesday from record highs hit in the previous session, as speculators sold positions amid trade concerns beetween Beijing and Washington The most-active iron ore futures on the Dalian Commodity Exchange ende
A Kenyan pilot and four foreigners - including three Americans - have died after a small plane carrying them from Kenya's Maasai Mara nature reserve crashed in the west of the country, police said Wednesday. "There were five occupants in the plane and the
Chinese President Xi Jinping plans to meet with top US officials in Beijing this week, a report said Wednesday, as the world's two biggest economies rush to patch up their trade differences before a looming deadline. Xi will meet on Friday with officials
The Russian government said Wednesday it had added a respected rights group to a register of "foreign agents," a label slapped on organisations seen as political and receiving foreign funding. The justice ministry said it had added the "For Human Rights"
The European Commission on Wednesday proposed adding seven countries including Saudi Arabia to the EU's money-laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime. The move comes as tensions betwe
An international court Wednesday ruled Iran can proceed with a bid to unfreeze assets in the United States, rejecting Washington's claims the case must be halted because of Tehran's alleged support for international terrorism. Washington had argued that I
The US Justice Department charged a former air force intelligence officer Wednesday with spying for Iran, saying she exposed a US agent and helped the Revolutionary Guard develop cyber targets in the US military. US officials said Monica Witt, who worked
President Donald Trump is ready to sign a border security funding deal, despite failing to get anywhere close to the money he sought for a US-Mexico border wall, US media reported Wednesday. CNN and NBC television quoted sources close to the president say
Record snowfall covered Moscow on Wednesday, with streets and monuments blanketed in white and dozens of flights cancelled at the city's main airport. Snow coated trees and power lines from morning, but melted into deep slush on pavements as temperatures
Chinese telecom giant Huawei took a light-hearted dig Wednesday at New Zealand's decision to ban it from the rugby-mad nation's 5G infrastructure development, leaving officials in Wellington unimpressed. "5G without Huawei is like rugby without New Zealan
The last Soviet leader Mikhail Gorbachev issued a stinging criticism of Washington on Wednesday, accusing it of misleading the world over its exit from a key arms treaty and seeking to gain military superiority at the expense of international security. Th
A controversial offshore migrant detention centre on Christmas Island is to reopen, Australian Prime Minister Scott Morrison announced Wednesday, as he doubled down on hardline policies after a historic legislative defeat. Morrison approved the reopening
Right-wing and Catalan separatist lawmakers on Wednesday rejected Spain's draft 2019 budget, a move that could force Prime Minister Pedro Sanchez into calling early elections. Sanchez, who came to power in June thanks in part to parliamentary support from
Jihadist fighters made a desperate last stand in eastern Syria on Wednesday, while their wives and children fled the final, blood-soaked implosion of the Islamic State group's "caliphate". The US-backed Syrian Democratic Forces on Saturday launched a fina
ICE cotton futures settled slightly higher on Wednesday, snapping a four-day losing streak on prospects of a trade deal between the United States and China. The most active cotton contract on ICE Futures US, the March contract, settled up 0.08 cent, or 0.
Copper rose from a two-week low on Wednesday due to signs of an easing in tensions in the US-China trade conflict, but a lack of a firm resolution kept a lid on the tepid gains. Three-month copper on the London Metal Exchange (LME) ended 0.3 percent highe
Oil prices rose 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling US crude inventories led the market to pare gains. US crude oil inventories rose last wee
Benchmark Tokyo rubber futures rose on Wednesday, tracking strong Shanghai, as pro-car consumption policies in China supported prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, were still under press
Malaysian palm oil futures closed lower on Wednesday for a fourth consecutive session on back of weaker US soyaoil, reversing gains notched up earlier in the day. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchang
Arabica coffee futures on ICE slipped on Wednesday, as a weaker currency in top-grower Brazil dragged the spot contract to its lowest levels in nearly two months, while raw sugar also fell. March arabica coffee settled down 1.55 cent, or 1.5 percent, at 9
Gold prices edged higher in New York close on Tuesday, buoyed by a slight retreat in the US dollar amid optimism about a potential resolution of the US-China trade conflict. Spot gold was up 0.2 percent at $1,310.95 an ounce at 1:48 p.m. EST (1848 GMT), h
Gold prices inched up on Wednesday, supported by a weaker dollar on hopes of a deal between the United States and China over a long-drawn trade war, but improved risk appetite capped bullion's gains. Spot gold was up 0.1 percent to $1,312.36 per ounce, as
Gold prices rose on Wednesday on more signs the US Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check. Spot gold was up 0.2 percent at $1,313.31 per ounce as of 11:19 am EST
US wheat futures advanced on Wednesday for a fourth straight session as a pickup in export activity and firm cash markets spurred commodity fund buying, traders said. Corn was little changed and soyabeans eased as traders waited to see if US-China trade t
Gold prices rose to hit a peak in more than a week on Wednesday on signs that the US Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check. Spot gold was up 0.1 percent at $1,31
The Pakistan Sugar Mills Association (PSMA) Punjab chapter has appealed Prime Minister Imran Khan and Chief Minister Punjab Usman Buzdar to take special interest for saving the sugar industry from exploitation at the hands of provincial machinery.
Punjab Industries and Trade Minister Mian Aslam Iqbal has said that US $10 million investment is expected after establishing Food and Agro Park in Punjab.
Anti-kite flying drive is being pursued vigorously by the government across the province. During this campaign initiated from February 1 till February 12, as far as 3,390 cases were registered in different districts of Punjab against the violators of kite
No accountant body in Pakistan is paying "meeting attendance fee" to nominated members by Ministry of Finance except Institute of Cost and Management Accountants of Pakistan (ICMAP), said Ali Latif, member Institute of Chartered Accountants of Pakistan (I
Biafo Industries Limited is engaged in the production and sale of commercial explosives and blasting accessories including detonators and other materials. The company produces Tovex Water Gel (TWG) explosive at its plant in the Hattar Industrial Estate in
Biafo Industries Limited is engaged in the production and sale of commercial explosives and blasting accessories including detonators and other materials. The company produces Tovex Water Gel (TWG) explosive at its plant in the Hattar Industrial Estate in
With 300,000 children diagnosed with cancer around the world, the International Childhood Cancer Day (ICCD) is being celebrated here like other parts of the world on Friday (February 15) focusing on "No More Pain and No More Loss" for children with cancer
Punjab Chief Minister Usman Buzdar will announce first-ever agriculture policy for Punjab on February 20. Draft of the policy has already been prepared and approved by the provincial cabinet on October 2018, said Minister Agriculture Punjab Malik Nauman A
Pakistan Readymade Garments Manufacturers and Exporters Association, already working with several international organizations, including International Labour Organization (ILO) to protect the rights of garment workers, has shown its commitment for open di
Under the 'Plant for Pakistan Campaign', Punjab Chief Secretary Yousaf Naseem Khokhar on Wednesday planted a sapling in Jallo Park to start spring tree plantation in the province. During the three-month plantation campaign, about 12 million saplings would
Engr Rizwan Ashraf has been appointed as convener of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) central standing committee on "Textile Dyeing & Printing" for 2019 by the President of the FPCCI. Engr Rizwan Ashraf is serving as Chairman
Ambassador of Nepal Sewa Lamsal Adhikari has invited Pakistani businessmen to participate in the 'Investment Summit' being held at Nepal in March to explore untapped business opportunities there. Speaking at the Lahore Chamber of Commerce & Industry (LCCI
With an aim to bridge the gaps between police and public, Punjab Inspector General of Police (IGP) Amjad Javed Saleemi has strictly directed his subordinates to ensure the presence of Station House Officers (SHOs) in their respective police stations for a
Around 87 million illicit cigarettes are consumed every day in Pakistan, which are sold way below the printed pack price, which tantamount to discounting and gross violation of Ministry of Health (MoH) laws apart from causing loss of Rs 35-40 billion to t
The fear of action by the National Accountability Bureau (NAB) in future has scared the concerned staff in the Project Office GM Hydro Planning of WAPDA and they are avoiding to sign files for awarding the contract of Mohmand Dam, the sources said. Howeve
In order to provide opportunity to clerical/non-clerical staff of the Bank to perform Umrah, balloting was held at Head Office of The Bank of Punjab on February 13th, 2019 for selecting successful staff members for performing Umrah attended by Dr Pervez T
Meghan Markle is being 'vilified and chased' by the tabloid press in the same way the late princess Diana was, Hollywood superstar George Clooney has told an Australian magazine.
