Jubilee Life Insurance Managed Growth Fund Rates on Thursday (May 16, 2019).

Kibor interbank offered rates on Thursday (May 16, 2019).

London Interbank Offered Rates (LIBOR) on Thursday (May 16, 2019).

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

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (May 16, 2019).

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 16, 2019).

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 16, 2019).

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (May 16, 2019).

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (May 16, 2019).

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (May 16, 2019).

Interest rates on old and incremental FCY deposits on Thursday (May 16, 2019).

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (May 16, 2019).

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (May 16, 2019).

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (May 16, 2019).

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (May 16, 2019).

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 following were the fluctuations observed during the day:

The following were the fluctuations observed during the day:

All timings are in PST (Pakistan Standard Time).

Cotton prices settled lower on Wednesday as traders watched US-China trade talks closely, but came off three-year lows hit in the previous session, after unfavourable weather conditions raised concerns of delay in planting.

Aluminium prices climbed to two-week highs on Thursday after news of production shutdowns at one of the country's biggest smelters fuelled worries about supplies from top producer China.

Cotton prices inched up on Thursday as investors covered short positions as rally in global equities and grains market improved market sentiment, while US-China trade war worries limited gains. The most-active cotton contract on ICE Futures US July settle

Oil futures were up more than 1 percent on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its crude infrastructure.

US corn futures rose on Thursday for a fourth straight session as dismal weather forecasts signalled further planting delays in the Midwest, prompting commodity funds to cover short positions, analysts said.

Gold was headed for its biggest one-day percentage decline in a month on Thursday, as the dollar gained and investors opted for riskier assets on the back of robust US economic data even as the US-China trade concerns linger.

Saudi Arabia's stock market rose for a third straight session on Thursday, rebounding from recent sell-offs and ahead of MSCI inclusion later this month. Abu Dhabi was pressured by its top-lender. On Monday, MSCI said that it would include MSCI Saudi Arab

US stock indexes extended gains to trade more than 1% higher on Thursday, as optimism was driven by upbeat earnings from Cisco and Walmart as well as robust economic data that underlined the strength of the domestic economy.

US stocks closed higher on Wednesday as reports that US President Donald Trump would hold off on imposing tariffs on imported cars and parts eased growth concerns even as economic data disappointed investors. All three major US indexes saw their second st

Africa's largest mobile phone operator, MTN, listed shares on the Nigerian Stock Exchange (NSE) on Thursday in a $6 billion flotation reflecting its increasing presence in the Nigerian market, its largest. MTN bosses said the move showed their confidence

Treasury yields fell on Wednesday, with the two-year yield hitting its lowest in 15 months after the United States reported that retail sales and industrial output declined in April, raising expectations the Federal Reserve will cut interest rates this ye

Treasury yields fell on Wednesday, with the two-year yield hitting its lowest in 15 months after the United States reported that retail sales and industrial output declined in April, raising expectations the Federal Reserve will cut interest rates this ye

Indian shares were little changed in light trade on Thursday, with losses in pharmaceutical stocks offsetting gains in IT counters, as investors stuck to the sidelines ahead of exit polls on Sunday. India's mammoth seven-phase general election began on Ap

Japan's Nikkei fell on Thursday as weak US and Chinese economic data and Sino-US trade frictions soured sentiment, while banks tumbled on weak earnings reports. The Nikkei share average ended down 0.6% at 21,062.98 points. Adding to worries about the trad

China stocks ended higher on Thursday, extending a strong rally in the previous session, as Beijing is expected to roll out more stimulus to shore up the world's second largest economy amid external uncertainties. The blue-chip CSI300 index rose 0.5%, to

European shares reversed course to end in positive territory on Thursday, with deal-making news in Germany helping to prop up the pan-European benchmark as it overcame fears of an escalation in the US-China trade war. The STOXX 600 index rose 1.3% to a 10

Most Southeast Asian stock markets closed weaker on Thursday after Washington's ban on China's Huawei Technologies stoked worries of a protracted Sino-US trade dispute, with the Indonesian index hitting a six-month closing low. The US Commerce Department

Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry and Thomas Cook was floored by a profit warning. The main index bounced 0.8%, gaining for the third consecutive session, and the mid-caps g

Australian firebrand Nick Kyrgios was disqualified from the Italian Open after an expletive-laden rant on Thursday as defending champion Rafael Nadal swept into the third round along with top seed Novak Djokovic and Roger Federer. Kyrgios grabbed the head

A South African business executive reached the top of Mount Everest on Thursday, the first summit of the world's highest mountain by a black African woman. Saray Khumalo, 47, reached the peak of the 8,848-metre (29,029-foot) mountain after three previous

Two Indian climbers have died and a Chilean is missing on Mount Kanchenjunga, the world's third-highest mountain, expedition organisers said Thursday. Biplab Baidya, 48, and Kuntal Karar, 46, were on the 8,586 metres (28,169 feet) mountain on the Nepal-In

The Pakistan Cricket Board (PCB) Thursday announced that AJ Sports are their kit sponsor for the ICC Cricket World Cup 2019, which will be played in England and Wales from 30 May to 14 July. Established in 1987, AJ Sports is an ICC-approved manufacturer,

Mark Wood wants to "ruffle a few feathers" alongside fellow fast bowler Jofra Archer in what promises to be an exciting England new-ball partnership. World Cup hosts England can seal a warm-up series win over Pakistan at Trent Bridge on Friday, where vict

South Korea's double Olympic speed skating champion and reigning world record holder Lee Sang-hwa wept Thursday as she announced a knee injury was forcing her to hang up her skates.

Bangladesh have been left sweating over the fitness of star all-rounder Shakib Al Hasan ahead of their tri-series one-day international final against West Indies in Ireland, an official said Thursday.

The euro and yen steadied against the dollar on Thursday, after US officials said President Donald Trump was expected to delay implementing tariffs on imported cars and parts by up to six months to give trade negotiators more time. The euro was 0.1% highe

The euro edged higher against the dollar and sterling on Thursday as the threat of US tariffs on autos was pushed back, though the rise was capped by unease over next week's European parliamentary elections. The single currency was up 0.1% at $1.1209 and

The US dollar rose to its highest levels in a week against a basket of currencies on Thursday as investors focused on trade war tensions, while the euro was hurt by concerns about next week's European parliamentary elections. The euro was boosted on Wedne

The euro retraced earlier losses against the US dollar on Wednesday after administration officials said that US President Donald Trump is expected to delay a decision on tariffs on imported cars and parts by up to six months. A formal announcement is expe

Latin American currencies softened on Thursday against a dollar that was strengthened by trade war fears, while a Latin American stocks benchmark fell as losses in index heavyweight Brazil overcame gains on other countries' exchanges. Traders this week ha

The Malaysian ringgit strengthened significantly on Thursday, helped by data that showed first-quarter economic growth was faster than expected. Emerging Asian currencies were mixed on the day as United States and China aim to salvage trade talks that cou

South Africa's rand firmed modestly and stocks rose on Thursday, shaking off worries about local growth and trade tensions abroad as investors bet on economic reform with President Cyril Ramaphosa preparing to name a new cabinet. At 1430 GMT, the rand was

The pound neared a four-month low on Thursday as Britain's Prime Minister Theresa May battled to keep her Brexit deal, and her premiership, intact amid growing fears of a disorderly departure from the European Union. Sterling has weakened more than 1% thi

Sri Lankan rupee edged higher for the second session on Thursday after four straight days of losses, but traders said sectarian violence was still denting investor sentiment. Most investors have shied away from the market since the April 21 bombings that

The Australian dollar skidded to a fresh four-month trough on Thursday after data showed an unwelcome rise in the jobless rate and narrowed the odds for a cut in interest rates, perhaps as early as June. The Aussie was hunched at $0.6914, having fallen as

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,742. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.292 billion and the number of lots traded 11,700. Major business was contributed by NSDQ100 am

Asia's naphtha crack edged up 30 cents to $34.20 a tonne on Wednesday, after sinking to a three-month low in the previous session, but the current value still reflected a weak market, traders said. The average crack this year up to May 15 close is $50, do

Chicago Board of Trade (CBOT) wheat futures ended nearly flat on Wednesday, paring gains late in the session as both Kansas City and Minneapolis wheat futures settled in the negative on technical trading, traders said. CBOT July soft red winter wheat sett

European wheat rose to one week high on Wednesday in the wake of a sharp bounce in Chicago prices and supported by a hefty purchase by Algeria, the largest importer of European Union wheat. Benchmark September milling wheat on Paris-based Euronext, was up

ICE Canadian canola futures dipped on Wednesday, pressured by weak demand and abundant supplies. Canola prices are caught in a "tug of war" between concerns about delayed US planting that underpin crop prices, and bearish factors such as Canada's dispute

Chinese steel futures rebounded from five-week lows in late trade on Wednesday as concerns over the economic impact of a US-Sino trade war subsided, helping lift prices of steelmaking raw materials, including iron ore. Benchmark construction steel rebar o

The Karachi Port handled 159,401 tonnes of cargo comprising 115,283 tonnes of import cargo and 44,118 tonnes of export cargo including 7,316 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of

Dollar's surge propelled mills to cover the forward buying on the cotton market on Thursday, dealers said. The official spot rate was unmoved at Rs 8650, they added. In the ready session, over 5,600 bales of cotton changed hands between Rs 8700-8900, they

Chicago Board of Trade (CBOT) soyabean futures extended their rally on Wednesday, but pared gains late in the session as corn futures cooled on technical selling and traders considered whether seeding delays in corn could prompt farmers to shift acres to

Chicago Board of Trade (CBOT) corn futures hit a six-week high on Wednesday on forecasts for worrisome rains in the Midwest crop belt that could signal further planting delays - but gave up most of their gains late in the session, traders said. Chicago Bo

A US F-35 stealth bomber suffered millions of dollars in damage after being hit by a bird during take-off from an air base in Japan, the US Marine Corps said in a statement Wednesday. "On May 7, 2019 an F-35B with Marine Aircraft Group 12, 1st Marine Airc

Saudi-led coalition warplanes bombed Yemeni rebel targets including in the capital on Thursday following insurgent drone strikes on a key oil pipeline that Riyadh said were ordered by its arch-rival Tehran. The new bombardment came after the UN envoy, who

Australia's longest-serving Labor prime minister Bob Hawke died Thursday aged 89. "Today we lost Bob Hawke, a great Australian - many would say the greatest Australian of the post-war era," his second wife Blanche d'Alpuget said in a statement. "He died p

The pilot and co-pilot of a small plane were killed in a crash Thursday, causing delays at Dubai airport, the emirate's government media office said. "An accident involving a small plane with four passengers occurred resulting in the death of the pilot an

Tunisia on Thursday rejected a United Nations claim that an arms expert arrested in the North African country has diplomatic immunity and should be released. Moncef Kartas, a member of the UN panel of experts on Libya, is a Tunisian-German dual national w

US and European police said Thursday they have smashed a huge international cybercrime network that used Russian malware to steal $100 million (89 million euros) from tens of thousands of victims worldwide. Prosecutions have been launched in Georgia, Mold

Doctors and rights activists unveiled on Thursday the world's first field manual for the treatment of child casualties from explosions, which they say cause almost three-quarters of juvenile deaths and injuries in war zones. The guide was put together by

Canadian Prime Minister Justin Trudeau on Thursday called the arrest of two Canadians in China "unacceptable" and vowed to stand up to Beijing over the detentions. "We will consistently and always stand up for Canadians, particularly these Canadians who h

Seven people were killed on Thursday when the roof of a Shanghai commercial building caved in upon construction workers who were renovating it, the city government said. The accident occurred at around 11:30 am (0330 GMT) in a central Shanghai neighbourho

New York Mayor Bill de Blasio jumped into the increasingly crowded White House race Thursday, defying hostile media and dismal polls to cast himself as the Democrats' best chance of unseating the "con artist" Donald Trump in 2020. The 23rd prospective Dem

China's US Treasury holdings fell in March to their lowest level in two years, with Beijing trimming its lending to the United States amid a protracted trade war, government data shows. However, the modest decline came before this month's sudden crack-up

China's US Treasury holdings fell in March to their lowest level in two years, with Beijing trimming its lending to the United States amid a protracted trade war, government data shows. However, the modest decline came before this month's sudden crack-up

Chancellor Angela Merkel on Thursday ruled out taking on any political office in Brussels or elsewhere after her planned departure as Germany's leader in 2021. The chancellor had sparked speculation that she may be eyeing a job in the European Union when

The Philippines has recalled its ambassador to Canada, Manila's foreign minister said Thursday, in an escalation of a festering diplomatic row over tonnes of trash dumped in the Southeast Asian nation. Ties have been deteriorating since a Canadian company

A US official said Thursday that Iranian missiles loaded on small boats in the Persian Gulf were among the "threats" that have triggered a beefed-up military deployment in the region. "The missiles on civilian boats are a concern," said the official, who

Iran accused the United States on Thursday of an "unacceptable" escalation of tensions and said Tehran was showing "maximum restraint" despite Washington's withdrawal from a nuclear deal with world powers. Tensions were already high after President Donald

The PayPal, a US-based financial services company and online money transfer system, is not coming to Pakistan owing to lack of legal backing as well as fear of money laundering incidents in the country. This was revealed in the meeting of Senate Standing

The Punjab government has decided to start Naya Pakistan Housing Scheme in Layyah, Bhakkar and Quaidabad (Khushab) and process of receiving applications from the people will be started within next few days. This was decided in the governing body meeting o

Pakistan Furniture Council (PFC) lauding the amnesty scheme has said it is an excellent and attractive mega tax offer of the PTI government and termed it a major breakthrough that would help broadening tax net as collection of revenue had always been rema

Securities and Exchange Commission of Pakistan Policy Board has directed the SECP to renew licences of four brokers for 2019 and call back cases against two brokers from National Accountability Bureau (NAB) for investigating the same by the SECP.

Last week, BR Research published first part of its interview with Simi Kamal. That conversation focused on her current role as Head of Programs at Pakistan Poverty Alleviation (PPAF). The first part was published on May 13th, 2019 and can be accessed here

Last week, BR Research published first part of its interview with Simi Kamal. That conversation focused on her current role as Head of Programs at Pakistan Poverty Alleviation (PPAF). The first part was published on May 13th, 2019 and can be accessed here

This is apropos a Business Recorder op-ed "IK's political brand is evolving" carried by the newspaper yesterday. The writer, Farooq Hassan, seems to have delineated the broad outlines of IK's life in a highly interesting manner. He has heaped a lot

A tanker carrying Iranian fuel oil in violation of US sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship tracking data on Refinitiv Eikon.

The latest US broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment. The Trump ad

Tax revenue may change through automatic response of the tax yield to changes in national income and/or through the imposition of new taxes, revision of the bases and/or the rates of the existing taxes, tax amnesties, stricter tax compliance and other adm

Saturday's terrorist attack on a luxury hotel in Gwadar, the centerpiece of China Pakistan Economic Corridor (CPEC), is the second assault in a month's time on a high profile target in Balochistan. On April 18, gunmen wearing military uniforms offloaded 1

All Pakistan Textile Mills Association (APTMA) seems to have pinned its hopes on PTI's government's new economic team to overcome the economic crisis now facing the country. According to Zahid Mazhar, Chairman APTMA of Sindh-Balochistan, "the new economic

The Planning Commission agreed to grant six months' extension to projects of National Commission for Human Development (NCHD) and Basic Education Community Schools (BECS) subject to approval by the Cabinet. This was agreed upon during a meeting here in Is

The number of 3G and 4G users in Pakistan reached 67.48 million by end-April 2019, said Pakistan Telecommunication Authority (PTA). Number of mobile phone users in Pakistan reached 161.01 million by end-April compared to 159.024 million by end-March, whic

Telenor Pakistan's digital startup accelerator programme, Telenor Velocity, signed a contract with Google to launch its first ever gaming cohort aimed at accelerating the game developers. Game Launcher is a programme for top indie game studios which are l

The Competition Commission of Pakistan (CCP) has passed 18 orders during the last one year against undertakings involved in anti-competitive behaviour, deceptive marketing practices and prohibited agreements to make profits at the cost of consumer rights.

KP Food Safety and Halal Food Authority discarded over 50,000 litres of counterfeit cold drinks in two different crackdowns here on Thursday. The crackdowns were carried out in night time at Nowshera and early morning at Acheni area of Peshawar. In Ramaza

A F Ferguson & Co Chartered Accountants.

A F Ferguson & Co Chartered Accountants.