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Print - 2019-05-01
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 30, 2019).

Published 01 May, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 30, 2019).
Published 01 May, 2019 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (April 30, 2019).

Published 01 May, 2019 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 30, 2019).

Published 01 May, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 01 May, 2019 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

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
Published 01 May, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 May, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 May, 2019 12:00am
EU new crop wheat falls in team with Chicago, weak euro supports

EU new crop wheat falls in team with Chicago, weak euro supports

European wheat prices edged lower on Monday in the wake of a fall on US market but a weak euro against a dollar that makes European grains more competitive kept a floor on prices, traders said. New crop September milling wheat on Paris-based Euronext, was
Published 01 May, 2019 12:00am
Copper prices rise despite weak Chinese factory data

Copper prices rise despite weak Chinese factory data

Copper prices rose on Tuesday as investors bet that top consumer China would respond to weak factory data by implementing fresh stimulus measures. Zinc also gained more than 1 percent as surging premiums for cash metal on the London Metal Exchange (LME) p
Published 01 May, 2019 12:00am
Oil tops $73/bbl then pares gains as Venezuela's Maduro claims support

Oil tops $73/bbl then pares gains as Venezuela's Maduro claims support

Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela's president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer's o
Published 01 May, 2019 12:00am
South Africa's maize harvest seen 15 percent lower

South Africa's maize harvest seen 15 percent lower

South Africa is expected to harvest 15 percent less maize in 2019 compared to the previous season after dry conditions delayed plantings, the government's Crop Estimates Committee (CEC) said on Thursday. The CEC, which gave its third estimate for the 2018
Published 01 May, 2019 12:00am
Palm oil falls to six-week low

Palm oil falls to six-week low

Malaysian palm oil futures fell to its lowest in six weeks on Tuesday, recording a fourth consecutive day of declines, due to a bearish outlook for stocks from a leading palm oil analyst. Dorab Mistry had forecast on Monday evening that Malaysia's palm oi
Published 01 May, 2019 12:00am
Argentina touts its soyameal in China, seeking import approval

Argentina touts its soyameal in China, seeking import approval

Argentine officials are in China this week, promoting the country's soyameal products to win over local buyers and gain long sought approval from Beijing to sell soya-based livestock feed to the world's top consumer. China is the No. 1 buyer of Argentine
Published 01 May, 2019 12:00am
Raw sugar rallies after hitting seven-week low

Raw sugar rallies after hitting seven-week low

Raw sugar prices on ICE rallied on Tuesday after hitting seven-week lows in the previous session as the market came under pressure ahead of the front-month contract expiry, while London cocoa touched a nine-month high. July raw sugar rose 0.22 cents, or 1
Published 01 May, 2019 12:00am
Palladium slumps seven percent; gold dips in New York

Palladium slumps seven percent; gold dips in New York

Palladium on Monday slumped about 7 percent, its biggest daily percentage drop in over two-years, while gold also fell as strong US data improved investors' appetite for riskier assets ahead of the US Federal Reserve policy meeting. Spot palladium slid ab
Published 01 May, 2019 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold prices edged up on Tuesday as disappointing Chinese factory activity data brought back concerns about the health of the global economy, denting risk appetite. Spot gold rose 0.4 percent to $1,285 per ounce at 0943 GMT. US gold futures were up 0.4 per
Published 01 May, 2019 12:00am
Gold surges in Europe

Gold surges in Europe

Gold prices firmed on Tuesday as the dollar slipped to a one-week low, making bullion more attractive, with investors awaiting an interest rate decision by the US Federal Reserve. Spot gold rose 0.1 percent to $1,280.47 per ounce as of 10:48 am EDT (1448
Published 01 May, 2019 12:00am
US MIDDAY: soya, wheat hit new lows

US MIDDAY: soya, wheat hit new lows

US soyabean futures fell for a third straight session on Tuesday and struck fresh contract lows in most months as burdensome global stocks and sluggish US exports dragged prices lower, triggering technical selling. Wheat futures, too, posted contract lows
Published 01 May, 2019 12:00am
US MIDDAY: gold rises
Currency

US MIDDAY: gold rises

Gold prices firmed on Tuesday as the dollar slipped to a one-week low, making bullion more attractive, with investors awaiting Federal Reserve's interest rate decision this week to gauge the outlook for US monetary policy. Spot gold rose 0.3 percent to $1
Published 01 May, 2019 12:00am
Asia's naphtha falls to hit one week low

Asia's naphtha falls to hit one week low

Asia's naphtha crack fell for a fourth straight session to hit a one-week low of $53.63 a tonne on Monday as weakness in the European market countered demand in the East. The European naphtha market has been under pressure from weak demand amid maintenanc
Published 01 May, 2019 12:00am
US wheat futures fall to contract lows

US wheat futures fall to contract lows

US wheat futures fell to contract lows on Monday as rain in the US Plains and favorable crop weather in key production areas around the world was seen boosting global harvest prospects. CBOT July soft red winter (SRW) wheat settled down 7-1/4 cents at $4.
Published 01 May, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,830. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.248 billion and the number of lots traded 8,678.
Published 01 May, 2019 12:00am
CBOT corn futures firmer

CBOT corn futures firmer

Chicago Board of Trade (CBOT) corn futures firmed on Monday as rainy weather in the US Midwest and forecasts for more rain throughout this week fuelled concerns about prolonged spring planting delays, traders said. CBOT July corn settled up 1/2 cent at $3
Published 01 May, 2019 12:00am
Dry weather to hit Ivory Coast cocoa mid-crop

Dry weather to hit Ivory Coast cocoa mid-crop

Below-average rain in most of Ivory Coast's cocoa regions last week could reduce the size and quality of the April-to-September mid-crop, farmers said on Monday. The rainy season in the world's top cocoa producer runs from mid-March to late October, with
Published 01 May, 2019 12:00am
CBOT soyabean futures lower on big global stocks

CBOT soyabean futures lower on big global stocks

Chicago Board of Trade soyabean futures closed lower on Monday on plentiful US supplies and big South American harvests that are expected to create stiff headwinds for US soya exports. Rainy weather delaying US corn planting, which could shift more acres
Published 01 May, 2019 12:00am
China's iron ore futures rebound

China's iron ore futures rebound

Iron ore futures in China rebounded on Monday after a four-session slump, bolstered by stockpiling demand ahead of Labour Day holidays beginning May 1, while steel prices edged higher as concerns persist over production curbs. The most-traded September 20
Published 01 May, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 102,266 tonnes of cargo comprising 70,392 tonnes of import cargo and 31,874 tonnes of export cargo including 6,057 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 70
Published 01 May, 2019 12:00am
Cotton spot rate falls amid modest trade
Cotton

Cotton spot rate falls amid modest trade

Official spot rate was down modestly on the cotton market on Tuesday in the process of trading activity, dealers said. The official spot rate was down by Rs 50 Rs 8950, they added. In the ready session, over 3000 bales of cotton changed hands between Rs 6
Published 01 May, 2019 12:00am
European wheat prices edge lower

European wheat prices edge lower

European wheat prices edged lower on Monday in the wake of a fall on US market but a weak euro against a dollar that makes European grains more competitive kept a floor on prices, traders said. New crop September milling wheat on Paris-based Euronext, was
Published 01 May, 2019 12:00am
Karandaaz study focuses on diagnostic equipment market for clinical labs

Karandaaz study focuses on diagnostic equipment market for clinical labs

Karandaaz Pakistan's latest study provides an in-depth analysis and evaluation of Pakistan's medical diagnostic equipment market for clinical laboratories that fall into the category of small and medium enterprises. It also includes an assessment of avail
Published 01 May, 2019 12:00am
MMA MPA asks Sindh government to help affected fishermen families

MMA MPA asks Sindh government to help affected fishermen families

Muttahida Majlis-e-Amal (MMA) sole legislator in Sindh Assembly asked the provincial government on Tuesday to step up efforts to help the families of windstorm-affected fishermen because dozens of the seafarers are still missing while 60 died in the marit
Published 01 May, 2019 12:00am
Syed Masood Hashmi elected MAP president

Syed Masood Hashmi elected MAP president

Recipient of Tamgha-e-Imtiaz, Syed Masood Hashmi, Chief Executive, Orientm McCann, elected unopposed as President of Marketing Association of Pakistan (MAP) at a local hotel in the 49th Annual General Meeting.
Published 01 May, 2019 12:00am
Byco announces nine months financial results

Byco announces nine months financial results

Byco Petroleum Pakistan Ltd (BPPL), Pakistan's leading oil company, has announced its nine months financial results for the period ending on 31 March 2019.
Published 01 May, 2019 12:00am
Mercury soars to 41.5° Celsius in Karachi

Mercury soars to 41.5° Celsius in Karachi

Mercury on Tuesday surged to 41.5 degrees Celsius, as hot waves battered the city at a speed of 16 nautical miles an hour, according to the Met Office.
Published 01 May, 2019 12:00am
China factory activity softens

China factory activity softens

China's factory activity softened in April, official data showed Tuesday, in the latest sign that the world's second-largest economy remains on uneven footing despite a raft of government stimulus measures.
Published 01 May, 2019 12:00am
Samsung profits slump

Samsung profits slump

Samsung Electronics, the world's biggest smartphone and memory chip maker, reported a slump in first-quarter net profits Tuesday, in the face of a weakening chip market and rising competition.
Published 01 May, 2019 12:00am
BP quarterly profits leap

BP quarterly profits leap

British energy giant BP said Tuesday that first-quarter net profits jumped by almost a fifth, as rising production and lower costs eclipsed the impact of weaker oil and gas prices.
Published 01 May, 2019 12:00am
Airbus profits plunge

Airbus profits plunge

European aerospace giant Airbus on Tuesday reported a slump in first-quarter net profit, hit by Germany's freeze on weapons exports to Saudi Arabia and its own decision to stop building the loss-making A380 super-jumbo.
Published 01 May, 2019 12:00am
US inflation tame; economic outlook strengthening

US inflation tame; economic outlook strengthening

US labour costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labour market tightens.
Published 01 May, 2019 12:00am
Los Angeles Olympics to cost $6.9 billion

Los Angeles Olympics to cost $6.9 billion

Los Angeles 2028 Olympics chiefs on Tuesday unveiled details of the $6.9 billion budget for the Games, vowing to deliver the spectacle without cost overruns that have dogged recent editions of the extravaganza. A statement from LA 2028 said the city's Oly
Published 01 May, 2019 12:00am
Pakistan physically disabled team to tour England

Pakistan physically disabled team to tour England

The selection committee of the Pakistan Disabled Cricket Association (PDCA) Muhammad Jawed will announce the Pakistan team for the tour of England in August here on Thursday 2nd of May.
Published 01 May, 2019 12:00am
Australian cricketer gets five-year rape sentence

Australian cricketer gets five-year rape sentence

An Australian-born cricketer who raped a woman he found "dozing" in his teammate's bedroom was jailed for five years by an English court on Tuesday. Alex Hepburn, 23, was convicted following an attack that took place during the first night of a sexual con
Published 01 May, 2019 12:00am
42nd All Pakistan Intervarsity Squash Championship ends

42nd All Pakistan Intervarsity Squash Championship ends

The final of 42nd All Pakistan Intervarsity Squash (Men) Championship 2018-19 was won 2-0 by University of the Punjab after outplaying the defending champions, University of Peshawar. The third and fourth positions were clinched by University of Karachi a
Published 01 May, 2019 12:00am
Ex Czech defender Repka gets two-year sentence for fraud

Ex Czech defender Repka gets two-year sentence for fraud

Former Czech footballer Tomas Repka, who played for Fiorentina and West Ham, was sentenced Tuesday to two years in prison for fraud. An appeals court added nine months to the 15-month sentence originally handed down in February against Repka, 45, for sell
Published 01 May, 2019 12:00am
Warner sees run-packed World Cup

Warner sees run-packed World Cup

Australia batsman David Warner on Tuesday predicted a high-scoring World Cup in the uncertain English conditions. Warner headed off to the Australian camp after ending his Indian Premier League with a 56-ball 81 to help Sunrisers Hyderabad thrash Kings XI
Published 01 May, 2019 12:00am
Easy sailing for top seed in All Pakistan Men Senior Squash

Easy sailing for top seed in All Pakistan Men Senior Squash

Easy sailing for top seeded players in the ongoing All Pakistan National Men Senior Squash Championship being played here at PAF Hashim Khan Squash Complex on Tuesday. President KP Squash Association Qamar Zaman also present on this occasion and witnessed
Published 01 May, 2019 12:00am
Taimur sets record in Inter-Services Golf Championship

Taimur sets record in Inter-Services Golf Championship

International Taimur Naseer becomes the first golfer of Pakistan by creating a record of 28 under 260 over 72 holes in the Inter-Services Golf Championship, which concluded here at PAF Golf Course on Tuesday.
Published 01 May, 2019 12:00am
Dollar marks time in Asian trade
Currency

Dollar marks time in Asian trade

The dollar held to tight ranges in holiday-thinned Asian trade on Tuesday, though its Australian counterpart eased as disappointing readings on Chinese manufacturing tempered hopes for a rapid rebound in global growth.
Published 01 May, 2019 12:00am
Euro extends gains above $1.12 in Europe
Currency

Euro extends gains above $1.12 in Europe

The euro extended gains to top $1.12 on Tuesday after first quarter growth numbers for the euro zone were stronger than expectations, dispersing some of the negativity surrounding the outlook for the single currency. Eurozone economic growth was stronger
Published 01 May, 2019 12:00am
Dollar falls against basket of currencies in New York
Currency

Dollar falls against basket of currencies in New York

The dollar fell against a basket of currencies on Monday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback. Most major currencies held in tight ranges on light tr
Published 01 May, 2019 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed weaker for the fifth consecutive session on Tuesday, as security alerts on possible further attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fifth day after hitting a
Published 01 May, 2019 12:00am
Asian forex: Korean won slips to two-year low
Currency

Asian forex: Korean won slips to two-year low

South Korea's won fell to its weakest in more than two years on risk aversion after bearish readings on China manufacturing activity on Tuesday, although India's rupee and Philippine peso were resilient on softer oil prices.
Published 01 May, 2019 12:00am
Bank dents Abu Dhabi as cement makers strengthen Saudi index

Bank dents Abu Dhabi as cement makers strengthen Saudi index

The Abu Dhabi stock market fell sharply on Tuesday, dragged down by First Abu Dhabi Bank(FAB), while the Saudi index was lifted by its cement producers. Abu Dhabi's index dropped 1.4 percent as First Abu Dhabi, the UAE's largest bank, shed 2.4 percent aft
Published 01 May, 2019 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong shares ended weaker on Tuesday, dented by declines in property and energy stocks, as investors awaited fresh market stimulus after decent gains so far this year. The Hang Seng index closed 0.7 percent lower at 29,699.11, while the China Enterpri
Published 01 May, 2019 12:00am
Most Southeast Asian stocks up

Most Southeast Asian stocks up

Most Southeast Asian stock markets advanced on Tuesday as disappointing China factory data stoked optimism that Beijing would continue to provide policy stimulus to boost growth. Official data showed that manufacturing activity in the world's second-large
Published 01 May, 2019 12:00am
Australian shares fall; New Zealand flat

Australian shares fall; New Zealand flat

Australian shares ended at a one-week low on Tuesday as energy and mining stocks dropped sharply after disappointing factory data from China highlighted weakness in the world's second-largest economy.
Published 01 May, 2019 12:00am
China stocks rise

China stocks rise

China stocks rose on Tuesday despite lacklustre factory activity data, with some analysts saying that sharp corrections recently have largely reflected expectations of a slower economic growth.
Published 01 May, 2019 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

The Sri Lankan stocks extended gains into the fifth day on Tuesday after hitting a more than six-year closing low last week.
Published 01 May, 2019 12:00am
Indian shares lower as Yes Bank tumbles

Indian shares lower as Yes Bank tumbles

Indian shares closed slightly lower on Tuesday, with Yes Bank Ltd posting its biggest ever drop as rising bad loans dragged the private-sector lender to a shock quarterly loss. The broader NSE index ended 0.06 percent lower at 11,748.15, while the benchma
Published 01 May, 2019 12:00am
Ghana becomes second country to launch vital malaria vaccine

Ghana becomes second country to launch vital malaria vaccine

Ghana on Tuesday rolled out the world's only proven malaria vaccine for infants as part of a landmark campaign against the deadly mosquito-borne disease, one week after Malawi became the first country to do so.
Published 01 May, 2019 12:00am
Israel cuts Gaza fishing limit after rocket launch

Israel cuts Gaza fishing limit after rocket launch

Israel reduced the offshore fishing limit it imposes for vessels operating out of Gaza from Tuesday following rocket fire from the territory by Palestinian militants, officials said. A number of fishing boats came under Israeli naval fire early Tuesday, t
Published 01 May, 2019 12:00am
Netanyahu sworn into Israel's new parliament

Netanyahu sworn into Israel's new parliament

Prime Minister Benjamin Netanyahu was sworn into Israel's new parliament on Tuesday following his victory in April 9 elections and will seek to form a governing coalition in the days ahead. Netanyahu was among the 120 members of the Knesset, or parliament
Published 01 May, 2019 12:00am
North Korea slams 'foolish and dangerous' Pompeo

North Korea slams 'foolish and dangerous' Pompeo

A senior North Korean official on Tuesday accused US Secretary of State Mike Pompeo of having "foolish and dangerous ideas", and warned Washington of an "unwanted outcome" if it does not adjust its stance on economic sanctions. Pyongyang and Washington ha
Published 01 May, 2019 12:00am
Xi urges youth to 'love' the Communist Party

Xi urges youth to 'love' the Communist Party

President Xi Jinping urged China's youth on Tuesday to be loyal to the Communist Party as he sought to whip up patriotic sentiment in a nationalist speech marking the centennial of a student protest. Xi delivered his hour-long plea at the Great Hall of th
Published 01 May, 2019 12:00am
China sentences another Canadian to death for drug trafficking

China sentences another Canadian to death for drug trafficking

A Chinese court sentenced a second Canadian man to death for drug trafficking on Tuesday, eliciting a rebuke from Canada's foreign minister, amid diplomatic tensions between Ottawa and Beijing. The court in southern Guangdong province said the Canadian, F
Published 01 May, 2019 12:00am
South Africa lashes out at UN over Western Sahara

South Africa lashes out at UN over Western Sahara

South Africa on Tuesday chastised the UN Security Council after it adopted a resolution on Western Sahara that it said was unbalanced and ignored African concerns. The US-drafted resolution extending the observer mission in Western Sahara was adopted by a
Published 01 May, 2019 12:00am
Trump says US stands with Venezuelan people's 'freedom'

Trump says US stands with Venezuelan people's 'freedom'

President Donald Trump said Tuesday the United States supports the "freedom" of the Venezuelan people, as the US-backed opposition leader Juan Guaido said troops had joined his campaign to oust President Nicolas Maduro. "The United States stands with the
Published 01 May, 2019 12:00am
New entrant Biden surges in 2020 Democrat race: polls

New entrant Biden surges in 2020 Democrat race: polls

Joe Biden has taken a commanding lead in the crowded 2020 Democratic presidential nomination race, polls showed Tuesday, boosting the former US vice president's standing as he began campaigning in early-voting Iowa. A CNN poll had Biden breaking away from
Published 01 May, 2019 12:00am
Rioting breaks out in Venezuela amid 'attempted coup'

Rioting breaks out in Venezuela amid 'attempted coup'

Venezuela's self-proclaimed acting president Juan Guaido claimed Tuesday that troops had joined his campaign to oust President Nicolas Maduro, whose government vowed to put down what it called an attempted coup by the US-backed opposition leader.
Published 01 May, 2019 12:00am
Chinese delegation visits LCCI

Chinese delegation visits LCCI

Pakistan and China being steady geo-political partners have very cordial relations. CPEC which is part of the Belt and Road Initiative promises even greater fortunes for us that would certainly prove to be a game changer.
Published 01 May, 2019 12:00am
USAID-funded E-Beam irradiation facility opens

USAID-funded E-Beam irradiation facility opens

On Tuesday, Consul General JoAnne Wagner inaugurated the Electronic Beam (E-Beam) irradiation facility established through support from the United States Agency for International Development (USAID) funded US-Pakistan Partnerships for Agricultural Market
Published 01 May, 2019 12:00am
Experts discuss different aspects of 18th Amendment

Experts discuss different aspects of 18th Amendment

Centre for Peace, Security and Developmental Studies (CPSD) Karachi based public policy think tank organised a roundtable discussion on "18th Amendments: Pitfall and Opportunities' in Karachi. Speakers from academia, political parties, civil society membe
Published 01 May, 2019 12:00am