Print - 2019-10-26
FATF: Complacency not an option
Articles

FATF: Complacency not an option

On the external front, there are two kinds of diverging sentiments growing - one is emanating from the IMF/WB where an improved macro picture is well received in DC. On the flipside, recently concluded FATF session in Paris is portraying a rather bleak pi
Updated 27 Oct, 2019 07:40am
The Weather
General News

The Weather

The weather report on Friday (October 25, 2019) and the forecast for Saturday (October 26, 2019).

Published 26 Oct, 2019 12:00am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
THE RUPEE: steady trend
Money & Banking

THE RUPEE: steady trend

Firm trend was seen on the currency market on Friday as the rupee did not move any side versus the dollar in the process of trading activity, dealers said.
Updated 26 Oct, 2019 06:17am
THE RUPEE: steady trend

THE RUPEE: steady trend

Firm trend was seen on the currency market on Friday as the rupee did not move any side versus the dollar in the process of trading activity, dealers said.
Published 26 Oct, 2019 12:00am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Updated 26 Oct, 2019 06:50am
Spot dollar rates
Rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
Money Market Report
Rates

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 25, 2019).
Published 26 Oct, 2019 12:00am
Bill buying rates per unit of currency
Rates

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
Currency notes: exchange rates
Rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (October 25, 2019).

Published 26 Oct, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest
Rates

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 26 Oct, 2019 12:00am
State Bank of Pakistan conversion rates
Rates

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 26 Oct, 2019 12:00am
New York cotton
Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 26 Oct, 2019 06:53am
PMEX daily trading report

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,220.
Published 26 Oct, 2019 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell on Thursday after the US Department of Agriculture reported weekly export sales below trade expectations, traders said.
Published 26 Oct, 2019 12:00am
CBOT soyabean futures mixed

CBOT soyabean futures mixed

Chicago Board of Trade soyabean futures ended mixed on Thursday as good US harvest weather and lower-than-expected weekly export sales data overshadowed confirmation of fresh sales to China, traders said.
Published 26 Oct, 2019 12:00am
Chinese iron ore futures pare early losses

Chinese iron ore futures pare early losses

China's iron ore futures recovered early losses to extend gains for a fourth session on Thursday, on renewed demand optimism as steel mills look towards restocking for raw materials.
Published 26 Oct, 2019 12:00am
US natural gas futures little changed on big storage build
Energy

US natural gas futures little changed on big storage build

US natural gas futures were trading within a few cents of unchanged after paring earlier gains following the release of a federal storage report showing a bigger than usual storage build that was in line with expectations.
Updated 26 Oct, 2019 06:56am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 136,345 tonnes of cargo comprising 80,811 tonnes of import cargo and 55,534 tonnes of export cargo including 4,509 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 26 Oct, 2019 12:00am
Euronext wheat falls, German premiums rise

Euronext wheat falls, German premiums rise

Euronext wheat fell on Thursday, retreating from a three-month high touched this week as technical factors and caution about export prospects curbed recent price momentum.
Published 26 Oct, 2019 12:00am
China stocks climb on hopes of scrapping tariffs
Stocks

China stocks climb on hopes of scrapping tariffs

Chinese stocks rose on Friday as Beijing reportedly sought the scrapping of Washington's tariffs on its goods in exchange for buying more US agricultural products, ahead of high-level trade talks later in the day.
Updated 26 Oct, 2019 06:56am
Strong tech results propel S&P 500, Nasdaq
Stocks

Strong tech results propel S&P 500, Nasdaq

The S&P 500 and the Nasdaq rose on Thursday following strong quarterly reports from several technology companies, including Microsoft Corp, but dour results from 3M Co stymied the Dow Jones Industrial Average.
Updated 26 Oct, 2019 06:58am
Indian shares steady ahead of Diwali
Stocks

Indian shares steady ahead of Diwali

Indian shares eked out minor gains on Friday ahead of a local holiday, as a rally in State Bank of India (SBI) after it posted strong quarterly profit helped indexes stay in positive region.
Updated 26 Oct, 2019 07:04am
Treasury yields inch higher
Stocks

Treasury yields inch higher

US Treasury yields edged higher on Thursday after trading lower for much of the session, as investors consolidated positions ahead of next week's Federal Reserve monetary policy meeting that is expected to result in an interest rate cut for a third time t
Updated 26 Oct, 2019 07:04am
Eurozone yields rise
Stocks

Eurozone yields rise

Eurozone yields rose on Friday as business sentiment data out of Germany provided some economic optimism, while investors waited to see if political uncertainty in Britain would end with a Brexit deal being approved.
Updated 26 Oct, 2019 07:04am
Nikkei edges up to fresh one-year high
Stocks

Nikkei edges up to fresh one-year high

Japan's benchmark Nikkei share average inched up to a fresh one-year peak on Friday as some positive earnings from overseas tech companies offset growth concerns, with semiconductor-related stocks leading the gainers.
Updated 26 Oct, 2019 07:15am
Luxury stocks drive fifth day of gains in Europe
Stocks

Luxury stocks drive fifth day of gains in Europe

A late turnaround helped European stocks notch gains for a fifth straight session on Friday, as signs of progress in U.S-China trade talks and upbeat reports from luxury goods makers dispelled some fears about an earnings and growth slowdown.
Updated 26 Oct, 2019 07:05am
Australian shares climb; New Zealand down
Stocks

Australian shares climb; New Zealand down

Australian stocks climbed on Friday, underpinned by sharp gains in healthcare plays as solid results from medical device maker Resmed reflected signs of stability in the key US market.
Updated 26 Oct, 2019 07:12am
SE Asia stocks: Thailand slumps as banks drag
Stocks

SE Asia stocks: Thailand slumps as banks drag

Thai shares closed at an over nine-month low on Friday due to fears of a weak earnings season after a dismal show by major banks, while Indonesia ended a 10-day rally on profit taking.
Updated 26 Oct, 2019 07:12am
FTSE snaps four-day winning run amid Brexit worries
Stocks

FTSE snaps four-day winning run amid Brexit worries

UK stocks ended Friday on a sour note as Brexit jitters weighed on sentiment, although the exporter-heavy FTSE 100 marked its strongest weekly performance in nine months as the continuing political divide hurt sterling.
Updated 26 Oct, 2019 07:07am
France lays out new rules to rein in e-scooters
Global Business Economy

France lays out new rules to rein in e-scooters

The French government issued Friday a series of rules on the use of e-scooters, whose exploding popularity has proved a headache for officials seeking to safely incorporate them into crowded urban landscapes. Speeds for e-scooters as well as hoverboards,
Updated 26 Oct, 2019 06:55am
Barclays slides into quarterly loss
Money & Banking

Barclays slides into quarterly loss

Barclays fell into a third-quarter net loss, the banking group said Friday, after setting aside further significant sums to compensate customers mis-sold the controversial insurance product PPI. The UK lender posted a loss after tax of £292 million ($375
Updated 26 Oct, 2019 07:12am
Offshore wind power set for 15-fold increase: IEA
Energy

Offshore wind power set for 15-fold increase: IEA

Offshore wind could become Europe's largest single source of electricity and its use for power generation is set to increase 15-fold worldwide by 2040, the International Energy Agency (IEA) said Friday. In its annual assessment of the clean energy source,
Updated 26 Oct, 2019 07:15am
German consumer confidence hits three-year low
Global Business Economy

German consumer confidence hits three-year low

German shoppers are heading into November feeling gloomy with consumer morale hitting a three-year low on fears the country could tip into recession, a forward-looking monthly survey said Thursday. The GfK institute's confidence barometer lost 0.2 points
Updated 26 Oct, 2019 06:44am
Speedy delivery hits Amazon's bottom line
Global Business Economy

Speedy delivery hits Amazon's bottom line

Amazon on Thursday reported quarterly profits shy of Wall Street forecasts as it poured money into speeding up delivery time to just a day. Net income slid 27 percent from last year to $2.1 billion, with profits pressured by Amazon's spending on fast deli
Updated 26 Oct, 2019 06:44am
Xi and Bolsonaro plan increased trade amid US trade war
Global Business Economy

Xi and Bolsonaro plan increased trade amid US trade war

China said Friday it would increase its trade with Brazil, as it seeks to balance the impact of a protracted trade war with the US. President Xi Jinping and Brazil's President Jair Bolsonaro reaffirmed ties on Friday during the Brazilian leader's first of
Updated 26 Oct, 2019 06:43am
US government's annual budget deficit largest since 2012
Global Business Economy

US government's annual budget deficit largest since 2012

The US government ended fiscal year 2019 with the largest budget deficit in seven years as gains in tax receipts were offset by higher spending and growing debt service payments, the Treasury department said on Friday. The figures reflect the second full
Updated 26 Oct, 2019 06:39am
Thailand's CP Group signs $7.4 billion rail deal
Global Business Economy

Thailand's CP Group signs $7.4 billion rail deal

A consortium led by Thailand's largest conglomerate CP Group on Thursday signed a $7.4 billion deal to build a high-speed railway connecting three airports, the spine of an infrastructure scheme set to transform the southern coast into a tech hub. A who's
Updated 26 Oct, 2019 06:39am
Intel beats third-quarter estimates, raises full-year revenue forecast
IT & Computers

Intel beats third-quarter estimates, raises full-year revenue forecast

Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, easing concerns about slowing chip demand amid the US-China trade war. The chipmaker's shares were up 4.8% at $54.75 in exten
Updated 26 Oct, 2019 06:28am
GM strike poised to end
Global Business Economy

GM strike poised to end

General Motors autoworkers were poised to return to US factories following a lengthy strike once they hear results of the final union vote on Friday approving a new contract. Nearly 50,000 hourly workers walked off their jobs September 16, and a majority
Updated 26 Oct, 2019 06:32am
US 'close to finalizing' parts of trade deal with China
Global Business Economy

US 'close to finalizing' parts of trade deal with China

Washington and Beijing are making "headway" on key issues in their ongoing trade dispute and discussions will continue, the US Trade Representative's office said Friday following a phone call between senior officials. President Donald Trump heralded a maj
Updated 26 Oct, 2019 06:33am
ZTBL/KSSL congratulates PCB Northern cricket team
Other

ZTBL/KSSL congratulates PCB Northern cricket team

It is great honour for ZTBL/KSSL Management that PCB Northern Cricket Team becomes national champion under the supervision of Team Manager Shakeel Ahmad from ZTBL.
Published 26 Oct, 2019 12:00am
K-Electric FC clinch All Pakistan Kashmir Solidarity Football title
Other

K-Electric FC clinch All Pakistan Kashmir Solidarity Football title

K-Electric Football Club (KEFC) has won the All Pakistan Kashmir Solidarity Football Tournament after defeating Asia Ghee Mills FC by 2-0. KE's Murtaza Hussain and Noman scored one goal each to clinch the Cup. The prestigious footballing event was organiz
Published 26 Oct, 2019 12:00am
Babar up for Australia challenge
Other

Babar up for Australia challenge

Newly-installed Pakistan captain Babar Azam admitted his team will face a stern test during next month's tour of Australia, but vowed his players will go for victory.
Updated 26 Oct, 2019 07:27am
Pound nurses losses in Asian trade
Money & Banking

Pound nurses losses in Asian trade

The pound nursed losses versus the dollar and the euro on Friday after Prime Minister Boris Johnson's call for an election heightened uncertainty over Britain's divorce from the European Union. The British currency is likely to remain fragile ahead of a m
Updated 26 Oct, 2019 07:23am
Euro up in Europe on steady German data
Money & Banking

Euro up in Europe on steady German data

The euro was up slightly Friday after a survey revealed German business morale held steady in October, though levels were not far from the one-week low it fell to Thursday on the European Central Bank leaving the door open for more policy easing.
Updated 26 Oct, 2019 07:23am
Pound falls against dollar in New York
Money & Banking

Pound falls against dollar in New York

The British pound fell against the US dollar on Thursday following Prime Minister Boris Johnson's call for a national election. Johnson said he was asking parliament to approve a national election on Dec. 12 in an effort to break the political deadlock ov
Updated 26 Oct, 2019 07:25am
South Africa's rand up
Money & Banking

South Africa's rand up

South Africa's rand firmed against the dollar on Friday, taking advantage of buying interest from traders eyeing Finance Minister Tito Mboweni's medium-term budget speech and a Moody's rating review next week. At 1545 GMT, the rand was 0.86% firmer at 14.
Updated 26 Oct, 2019 07:28am
Most Asian FX inches up
Money & Banking

Most Asian FX inches up

Most Asian currencies managed minor gains against the dollar on Friday, but investors refrained from big bets while awaiting developments in the Brexit drama and Sino-US trade talks as well as next week's Federal Reserve meeting.
Updated 26 Oct, 2019 07:27am
Australian, New Zealand dollars slip
Money & Banking

Australian, New Zealand dollars slip

The Australian and New Zealand dollars nursed losses on Friday as a fresh bout of Brexit uncertainty undermined risk sentiment and bulls bailed on long positions after a failure to breach key chart barriers. The Aussie slipped to $0.6819, leaving it down
Updated 26 Oct, 2019 07:28am
Sterling ends week down against dollar, euro
Money & Banking

Sterling ends week down against dollar, euro

Sterling edged down on Friday as the European Union failed to set a date for Britain's departure from the bloc while the UK parliament squabbled over Prime Minister Boris Johnson's call for an election to break the deadlock.
Updated 26 Oct, 2019 07:29am
Trump looking to sell lease rights to Washington hotel
Global Business Economy

Trump looking to sell lease rights to Washington hotel

The Trump Organization is considering selling the lease rights to the luxury hotel it operates in Washington, The Wall Street Journal reported on Friday. Eric Trump, executive vice president of the Trump Organization and one of President Donald Trump's so
Updated 26 Oct, 2019 06:34am