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
ICE Canadian canola futures rose with soyaoil on Friday, but hovered in a tight trading range due to uncertainty about the Canadian harvest. Canola is "stuck in a void," and caught between thoughts among some investors that the Canadian harvest is bigger
Indonesia has authorized beef exports from 10 Brazilian meat-packing plants, Brazil's agriculture minister said in a statement late on Wednesday. The plants have the potential to export at least 25,000 tonnes of beef products, Minister Tereza Cristina Dia
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,155. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.959 billion and the numbers of lots traded were 8,523. Major business was contributed by Gold amo
Ukraine's grain exports have risen to almost 7.62 million tonnes so far in the 2019/20 July-June export season, up from 4.72 million tonnes at the same time last year, the agriculture ministry said on Wednesday. The volume includes 4.07 million tonnes of
Chicago Board of Trade soyabean futures ended slightly higher on Friday on short covering ahead of the three-day Labor Day weekend, traders said. Front-month CBOT September soyabeans closed up 3/4 cent at $8.57 per bushel. November soyabeans settled 1/2 c
US wheat futures sank to multiyear lows on Friday under pressure from hefty supplies and bigger-than-expected deliveries against September contracts, traders said. Chicago Board of Trade September soft red winter wheat slid 18-1/2 cents to $4.51-1/4 a bus
European wheat prices hit fresh contract lows on Friday following a sharp fall in Chicago as ample global supplies continued to weigh on sentiment on both side of the Atlantic. Benchmark December milling wheat on Paris-based Euronext was 0.6% lower by 154
The Karachi Port handled 232,326 tonnes of cargo comprising 161,221 tonnes of import cargo and 71,105 tonnes of export cargo including 1,204 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Coffee trading was slow this week in Vietnam with domestic prices staying unchanged from a week earlier, while supply remained steady in Indonesia despite a main harvest coming to an end. Farmers in the Central Highlands, Vietnam's largest coffee growing
Iron ore futures in China rallied more than 4% on Friday, lifted by restocking demand for the steel-making material, but posted their first monthly decline since November 2018 on rising supply and a cloudy demand outlook. The most-traded January 2020 iron
Sri Lanka main benchmark stock index ended 0.2% weaker at 5,878.29 on Monday. It fell 0.15% last week and 0.8% in August. Sri Lankan investors have been mainly in a wait-and-see mode since the main opposition party named a hardline former defence chief as
Short-dated euro zone government bonds outperformed on Monday, with Italy leading the way as political uncertainty eased and speculation grew that the European Central Bank would deliver a bigger interest rate cut next week than previously anticipated.
Short-dated euro zone government bonds outperformed on Monday, with Italy leading the way as political uncertainty eased and speculation grew that the European Central Bank would deliver a bigger interest rate cut next week than previously anticipated.
European stocks closed higher in thin trading on Monday, with investors favouring defensive sectors as the United States and China imposed more tariffs, while a slide in the pound helped Britain's FTSE 100 outperform.
More investors are warming to the idea of owning a US Treasury bond that matures beyond 30 years, but most of them still prefer the US Treasury Department to roll out a 20-year security over an ultra-long issue, a J.P. Morgan survey showed on Thursday.
More investors are warming to the idea of owning a US Treasury bond that matures beyond 30 years, but most of them still prefer the US Treasury Department to roll out a 20-year security over an ultra-long issue, a J.P. Morgan survey showed on Thursday.
The S&P 500 stock index will see limited gains in the remaining months of 2019 as anxiety over slowing global growth and the US-China trade war weigh against expectations of monetary policy easing, according to a Reuters poll of strategists.
Stocks, financial and commodity markets in the United States were closed on Monday due to Labour Day holiday. Markets will resume normal trading on Tuesday.
Australian shares, led by energy stocks, edged lower on Monday, with investors unsettled by the latest blows traded by the United States and China in their tariff war.
China stocks rose over 1% and the yuan weakened modestly on Monday despite Beijing and Washington pressing ahead with a new round of tariffs over the weekend. Both the blue-chip CSI300 index and the Shanghai Composite Index ended the session up 1.3%, at 3
The Dubai stock market rose sharply on Monday, for its biggest one-day gain in three and half years, boosted by top lender Emirates NBD which closed at a 12-year high. In Dubai, which had been one of the worst performing Gulf stocks in August, the index j
Southeast Asian stock markets fell on Monday, with Singapore leading declines, after Washington and Beijing put additional tariffs on each other's goods over the weekend, adding to investors' worries over slowing global growth.
London's FTSE 100 surged 1% on Monday, shrugging off news of the latest US-China trade tariffs, as exporter stocks firmed following a slide in sterling on the prospect of an election against the backdrop of Brexit.
Cyprus announced Monday it has fully repaid a 2.5-billion-euro ($2.7-billion) loan it secured from Russia in 2011, settling its balance two years early.
Tata Steel is to shut a plant in Wales but has agreed to safeguard jobs elsewhere, the Indian giant announced Monday, as it restructures amid the collapse of a mega-merger.
Britain's manufacturing activity slumped last month, in part owing to heightened economic and political turmoil triggered by Brexit, data showed Monday. The sector was plagued also by the US-China trade war impacting the global economy, according to the I
Dutch national carrier KLM said it scrapped 28 round-trip flights Monday across Europe after ground staff downed tools in a two-hour strike for higher wages.
France's second-largest airline Aigle Azur went into receivership after filing for bankruptcy Monday, following years of losing millions of euros, France's civil aviation authority (DGAC) said.
Dubai's ruler announced Monday the creation of a panel to address a glut in the property market, a key part of the economy but in decline for the past five years.
Widespread adoption of Facebook's proposed "Libra" cryptocurrency could harm the European Central Bank's ability to manage the eurozone economy and threaten the euro itself, a top official said Monday.
A credit-fuelled stimulus splurge could hurt China's credit rating more than the immediate hit from US trade tariffs, S&P Global's main analyst for the country says.
A credit-fuelled stimulus splurge could hurt China's credit rating more than the immediate hit from US trade tariffs, S&P Global's main analyst for the country says.
China said Monday it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force.
The bitter trade war between China and the United States kept global factory activity largely in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks. In a fresh escalati
West Indies lost key batsman Darren Bravo to concussion as well as two wickets as they reached 145 for four at lunch on the fourth day of the second and final Test against India on Monday. Trailing in the series after losing the first Test in Antigua by 3
Serena Williams overcame an injury scare to maintain her pursuit of a record-tying 24th Grand Slam singles title at the US Open on Sunday while Roland Garros champion Ashleigh Barty and Karolina Pliskova crashed out in the last 16.
Joe Denly will open the batting for England in the fourth Ashes Test with the struggling Jason Roy to drop down the order, the batsman told the BBC on Monday.
India fast bowler Mohammed Shami was Monday ordered to appear before an Indian court in 15 days or face arrest, after he was accused of various crimes including assault and sexual harassment by his estranged wife. Shami - who is representing India in the
Top-ranked defending champion Novak Djokovic retired from his US Open match Sunday after dropping the first two sets to Stan Wawrinka, sending the Swiss three-time Grand Slam champion into the quarter-finals.
Romelu Lukaku has made an eloquent plea for players, clubs and federations as well as social media platforms to unite and take a stand against the scourge of racist abuse in the game. Inter Milan's new recruit from Manchester United was responding after b
Central European currencies firmed on Monday in a positive correction after a week of losses, aided by fresh PMI data showing a slight improvement in economic activity in August across the region after a dip in July. However, worries over the global econo
The yen strengthened on Monday, thanks to bigger appetites for safe-haven assets as Washington and Beijing put additional tariffs on each other's exports, adding to the gloom hanging over the global economic outlook. The United States slapped 15% tariffs
The euro plunged to a 16-month low on Monday as the impact of Washington and Beijing's trade war on the European economy dominated investor sentiment while the pound tanked on speculation that Britain may be headed for a general election. Germany's export
The Australian and New Zealand dollars remained on a slippery slope on Monday as investors snubbed riskier assets on growing fears of a global slowdown, though hopes of more stimulus in China capped losses. The Australian dollar, a liquid proxy for the Ch
South Africa's rand traded sideways on Monday, with investors holding fire ahead of second quarter economic growth figures that could help gauge the future direction for the currency. At 1530 GMT, the rand was 0.1% weaker at 15.2050 per dollar compared wi
Most emerging Asian currencies were subdued on Monday, after the United States and China imposed new tariffs on each other's goods, casting doubt over whether the world's two largest economies would find a way out of their trade war anytime soon. On Sunda
Sri Lanka's rupee closed weaker on Monday, hovering near a seven-month closing low hit last week, as foreign fund outflows after the central bank's rate cut weighed on the currency. Foreign investors sold net 12.3 billion rupees worth of government securi
Sterling fell sharply on Monday as Boris Johnson summoned his ministers for an emergency meeting, fuelling expectations the prime minister was preparing to call a snap election should lawmakers this week vote to delay Brexit. Opposition lawmakers are expe
Georgian Prime Minister Mamuka Bakhtadze announced his resignation on Monday, sparking speculation about his successor in a country rocked by anti-government protests accusing the authorities of ties to Russia. "I took the decision to resign from my post
Prime Minister Boris Johnson warned Monday there were "no circumstances" in which he would delay Brexit, as his own MPs joined with opposition lawmakers to try to stop him taking Britain out of the European Union next month without a deal. The Conservativ
Bangladesh on Monday ordered operators to shut down mobile phone services to almost one million Rohingya refugees living in camps in the country's southeast, an official said. The move follows an outbreak of violence in recent weeks at the camps, most of
Monster storm Dorian stalked across the Bahamas Monday as surging seawaters and ferocious winds sowed chaos in low-lying island communities, claiming at least one life and spurring mass evacuations on the US east coast. Bahamas Prime Minister Hubert Minni
Moscow and Tehran on Monday blamed US policies for tensions in the Middle East while Russia said it welcomed French efforts to save the Iran nuclear deal. Iranian Foreign Minister Mohammad Javad Zarif condemned Washington's latest actions in Syria as he v
A Turkish court ruled Monday that leading pro-Kurdish politician Selahattin Demirtas should be released during his ongoing trial, his party said, though he will remain in prison under a previous conviction. The ruling is significant as it comes ahead of a
A local extremist group linked to Al-Qaeda was responsible for the murder of three prominent Maldivians, including a journalist missing for more than five years, an independent commission in the Indian Ocean island republic has found. The Presidential Com
Iraq's media commission Monday slapped a three-month suspension on the US-funded Al-Hurra TV for airing a controversial report alleging corruption in the country's powerful Sunni and Shia religious institutions. The 12-minute documentary broadcast on Satu
Iran said Monday its views have been converging with those of France on ways to save a nuclear deal at risk of unravelling since the US withdrew last year. Government spokesman Ali Rabiei also suggested President Hassan Rouhani could meet US counterpart D
The International Criminal Court on Monday ordered the tribunal's prosecutor for a second time to reconsider whether to press charges over a deadly Israeli raid on a flotilla carrying aid to Gaza in 2010. In the latest step in a long-running legal battle
A forgery crisis is quietly roiling the world's gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. T
Nickel prices hit five-year highs on Monday due to worries about shortages as top producer Indonesia said it would stop ore exports from January 2020, two years earlier than initially flagged. Benchmark nickel on the London Metal Exchange ended up 0.9% at
Oil prices weakened on Monday after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude. International Brent crude futures settled down 59 cents to
The International Sugar Organization on Monday forecast a global sugar deficit of 4.76 million tonnes in the 2019/20 season, driven partly by lower production in India and Thailand. The inter-governmental body, in its first full outlook for the 2019/20 se
Tokyo Commodity Exchange (TOCOM) futures fell on Monday amid growing concerns over a slowing global economy after new Sino-US tariffs came into force. The benchmark TOCOM rubber contract for February delivery finished 0.6 yen ($0.0057) lower at 162.9 yen
London cocoa futures rose on Monday, boosted by the weakness of sterling, although the prospect of another large crop in Ivory Coast in the 2019/20 season helped to limit gains. New York-based cocoa, arabica coffee and raw sugar contracts were closed on M
Gold prices rose on Monday buoyed by safe-haven demand, as the United States and China launching tit-for-tat tariffs on each other's goods escalated a prolonged trade war and added to fears of a global economic slowdown. Washington began imposing 15% tari
Gold rose slightly on Monday after the United States and China imposed new tariffs, as expected, on each others' goods but a firmer dollar limited gains. Washington began imposing 15% tariffs on a variety of Chinese goods on Sunday, including footwear, sm
Canadian farmers expect to harvest the smallest canola crop in 4 years due to reduced plantings, according to a government report released on Wednesday amid a diplomatic dispute between Canada and China, the top importer of the crop. The spat, centered on
Inaugurating the "Sikh Heritage Art Exhibition" here at Governor's House, Governor Punjab Ch Muhammad Sarwar Monday said that India has left with no option but to complete the Kartarpur Corridor Project as per schedule.
Barrister Khawar Qureshi, the Pakistani counsel at International Court of Justice in Indian spy Kulbhushan Jadhav case, said on Monday that the consular access granted to Jadhav will have no effect on his conviction.
Sindh and the federal governments have jointly constituted a technical committee to review the K-IV project report to be submitted by NESPAK by the end of current month so that the project could be carried forward. The K-IV project cost estimated by the N
Federal Interior Minister Brigadier Ejaz Shah (R) on Monday visited the residence of Pakistan Tahreek-e-Insaaf (PTI) central leader Abdul Aleem Khan to condole the death of his uncle Haji Abdul Ghaffar Khan.
Gadoon textile Mills Limited (PSX: GADT) was incorporated in 1988 by Yunus Brothers Group (YBG) as a yarn producing spinning mill. YBG is a conglomerate with domestic presence, formed in 1962 as a trading house, which over the course of four decades ventu
Gadoon textile Mills Limited (PSX: GADT) was incorporated in 1988 by Yunus Brothers Group (YBG) as a yarn producing spinning mill. YBG is a conglomerate with domestic presence, formed in 1962 as a trading house, which over the course of four decades ventu
Soyabean plantings in the ten towns that reported the most fires in the Amazon region through last month is so low that it is immaterial to Brazil's overall soya production, according to national oilseeds crusher group Abiove. The 10 towns most affected b
Chicago Board of Trade corn futures weakened on Friday under spillover pressure from losses in the neighboring wheat market, traders said. Front-month CBOT September corn fell 1-3/4 cents to $3.58 a bushel. December corn, which represents the crop that wi
Germany will produce a larger wheat harvest this year despite the impact of an early summer heatwave followed by repeated rain, the agriculture ministry said on Thursday. The country will harvest 22.71 million tonnes of its most important grain type, wint
Prices of Indian export rice rose this week on good export demand and concerns over production of the summer-sown crop because of erratic rainfall, while fluctuations in Thailand's currency supported Thai export rates.
Most consumers in top Asian hubs sold their physical gold holdings this week to cash in on high prices with many opting for cheaper silver, while the Indian bullion market hoped for an uptick in demand from an upcoming festival.
Small mills took interest in fresh deals on the cotton market on Monday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8000, they added. In ready session, about 9000 bales of cotton changed hands between Rs 77
Pakistan has the 39th largest economy in the world according to World Bank, yet it is the fifth most populous country in the world according to United Nations Development Programme, on its way to become the fourth most populous by 2030.
Chairman Technical Education & Vocational Training Authority (TEVTA) Ali Salman Siddique has said that the Authority was being steered forward under a new vision which calls for quality of technical education and job placement to go hand-in-hand.
The Balochistan Cabinet was briefed Monday about the Ehsaas Programme of the federal government. The Cabinet Meeting was chaired by Chief Minister Balochistan, Jam Kamal Khan. The briefing was given by Dr Sania Nishtar, Special Assistant to the Prime Mini
The federal government on Monday launched 'Backyard poultry initiative' under the Prime Minister's National Agriculture Emergency Programme under which 5 million desi (local) chickens will be distributed among public across the country at subsidised rates
National Party (NP) President and former chief minister Balochistan, Dr Abdul Malik Baloch on Monday expressed serious concerns over the deteriorating situations in Jammu and Kashmir (J&K) and called the core issue of Kashmir should be resolved through ho
The Attock Refinery Limited (ARL) in collaboration with the ARL sponsored National Cleaner Production Centre (NCPC) and Attock Sahara Foundation (ASF) a Non-Profit Organisation (NPO) arranged an awareness seminar at the end of a month long pro-active camp
