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Print - 2019-10-29
Why do we borrow?
Articles

Why do we borrow?

Economic development is said to be about taking the difficult but necessary steps to achieve sustained growth. For example, increasing domestic savings is very difficult, but imperative, maintains Yao Yang in one of his articles (The open secret of develo
Updated 30 Oct, 2019 08:10am
The Easterlin Paradox
Articles

The Easterlin Paradox

The whole world is in search of prosperity. All around the globe, ministries of finance, central banks, prime ministers, and president, promise to deliver growth, and governments rise and fall depending on the rate of GDP growth that they were able to del
Updated 30 Oct, 2019 05:23am
The Weather
General News

The Weather

The weather report on Monday (October 28, 2019) and the forecast for Tuesday (October 29, 2019).

Published 29 Oct, 2019 12:00am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 28, 2019).

Published 29 Oct, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 28, 2019).

Published 29 Oct, 2019 12:00am
Hides and skin rates
Rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 28, 2019).

Published 29 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 Monday (October 28, 2019).

Published 29 Oct, 2019 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 28, 2019).

Published 29 Oct, 2019 12:00am
THE RUPEE: Slight gains
Money & Banking

THE RUPEE: Slight gains

The rupee moved up slightly against the dollar on the money market on Monday in the process of trading activity, dealers said.
Updated 29 Oct, 2019 06:20am
THE RUPEE: Slight gains

THE RUPEE: Slight gains

The rupee moved up slightly against the dollar on the money market on Monday in the process of trading activity, dealers said.
Published 29 Oct, 2019 12:00am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Updated 29 Oct, 2019 06:23am
Spot dollar rates
Rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 28, 2019).

Published 29 Oct, 2019 12:00am
Money Market Report
Rates

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 28, 2019).
Published 29 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 Monday (October 28, 2019).

Published 29 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 Monday (October 28, 2019).

Published 29 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 29 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 29 Oct, 2019 12:00am
New York cotton
Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 29 Oct, 2019 06:37am
Turkey on the UNESCO World Heritage List

Turkey on the UNESCO World Heritage List

Turkey is adorned with precious examples of humanity's endless strivings in progress, aesthetics, meaning and purpose from throughout history with these combining to form the cultural heritage of our planet. Each monument and object from the past also giv
Published 29 Oct, 2019 12:00am
Turkey: A Land for All Tastes

Turkey: A Land for All Tastes

In Turkey you will experience an incredible diversity in nature, culture, history, beliefs and ideas. AS a bridge between Europe and Asia, Turkey has so much to offer visitors: breathtaking natural beauty, unique historical and archaeological sites, stead
Published 29 Oct, 2019 12:00am
OPET Pakistan

OPET Pakistan

I have great honor to convey my warmest congratulations and best wishes to the Government and people of Turkey - on the Republic Day of Turkey. H.M Lubricants is working since a decade with OPET Lubricants Turkey, which is a subsidiary of KOC Holding, the
Published 29 Oct, 2019 12:00am
Landscape of Turkey

Landscape of Turkey

Every landscape of Turkey forms the backdrop and context for people and events, with perhaps the most thrilling aspect of travelling the ability to become an active participant in this landscape.
Published 29 Oct, 2019 12:00am
A Melting Pot of Peoples

A Melting Pot of Peoples

Istanbul has the honour of having served as the capital of three successive empires - the Roman, the Byzantine, and the Ottoman. Anatolia itself became a crossroads of peoples, cultures and religions.
Published 29 Oct, 2019 12:00am
Draghi hands baton to Lagarde
Money & Banking

Draghi hands baton to Lagarde

ECB chief Mario Draghi bows out Monday, passing the baton to former IMF head Christine Lagarde whose first task will be to heal rifts among policymakers. The man credited with saving the euro during his eight-year tenure at the European Central Bank will
Updated 29 Oct, 2019 06:37am
HSBC profits fall in challenging trade
Money & Banking

HSBC profits fall in challenging trade

HSBC is underperforming in parts of Europe and the United States, as third-quarter profits fell, the lender's interim chief executive said on Monday, warning also of headwinds including Brexit. The Asia-focused banking giant has been trying to lower costs
Updated 29 Oct, 2019 06:38am
'Big Four' tighten grip on UK audit sector: watchdog
Global Business Economy

'Big Four' tighten grip on UK audit sector: watchdog

Britain's so-called "Big Four" accounting giants have strengthened their grip and now audit all of the companies listed on London's FTSE 100 shares index, the sector's watchdog revealed Monday. The four largest UK players - comprising Deloitte, EY, KPMG a
Updated 29 Oct, 2019 06:44am
Air Zimbabwe resumes South Africa flight
Global Business Economy

Air Zimbabwe resumes South Africa flight

South Africa has reinstated permission for Zimbabwe's national airline to fly into Johannesburg after the company was banned from using South African airports over unpaid fees. State-owned Air Zimbabwe's only serviceable plane was stopped from leaving Joh
Updated 29 Oct, 2019 06:38am
Trump vows China trade deal will help farmers
Global Business Economy

Trump vows China trade deal will help farmers

President Donald Trump again Monday said a trade deal is imminent with Beijing which will help American farmers hurt by retaliation in the grinding conflict between the economic powers. "We're looking probably to be ahead of schedule to sign very big port
Updated 29 Oct, 2019 06:28am
Ebbing flows curb US goods trade deficit; inventories mixed
Global Business Economy

Ebbing flows curb US goods trade deficit; inventories mixed

The US goods trade deficit fell in September as trade tensions restricted the flow of goods, but that did not change views that economic growth decelerated further in the third quarter amid slowing consumer spending and declining business investment.
Updated 29 Oct, 2019 06:29am
Audit raps French energy giant EDF over nuclear project
Energy

Audit raps French energy giant EDF over nuclear project

An official report rapped French energy giant EDF on the knuckles Monday for lacking a "culture of quality," as reflected in huge delays and price overruns at a nuclear plant it has been building for more than a decade. The report was presented to EDF's l
Updated 29 Oct, 2019 06:47am
Unemployment fuels unrest in Arab states: IMF
Money & Banking

Unemployment fuels unrest in Arab states: IMF

Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said Monday. The unrest is in turn contributing to slower growth in the Middle East and North Africa (MEN
Updated 29 Oct, 2019 06:48am
PMEX daily trading report

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,246.
Published 29 Oct, 2019 12:00am
CBOT soyabean futures fall on technical selling

CBOT soyabean futures fall on technical selling

Chicago Board of Trade soyabean futures fell more than 1% on Friday on technical selling and hedge pressure because of an active US Midwest harvest, traders said. CBOT November soyabeans fell 13 cents to $9.20-1/4 per bushel, a two-week low. Selling accel
Published 29 Oct, 2019 12:00am
China's September nickel ore imports hit highest since 2016

China's September nickel ore imports hit highest since 2016

China's nickel ore imports in September rose 24.6% from the previous month to their highest since at least 2016, customs data showed on Friday, as stockpiling accelerated ahead of a ban on shipments from top miner Indonesia from January 2020. China import
Published 29 Oct, 2019 12:00am
Vietnam's coffee prices rebound, Indonesian market dull

Vietnam's coffee prices rebound, Indonesian market dull

Vietnam's domestic coffee prices have rebounded after hitting the lowest level in four months last week, while trading was lacklustre this week in Indonesia. Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 31,000-31
Published 29 Oct, 2019 12:00am
EU wheat turns higher after one week low

EU wheat turns higher after one week low

Euronext wheat turned higher in late trading on Friday, recovering from an earlier one week low with support from a bounce in Chicago prices and positive demand signs. Benchmark December milling wheat on the Paris-based Euronext exchange settled 1.00 euro
Published 29 Oct, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 294,155 tonnes of cargo comprising 221,888 tonnes of import cargo and 72,267 tonnes of export cargo including 2,582 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 22
Published 29 Oct, 2019 12:00am
Taiwan buys 88,900 tonnes of US wheat

Taiwan buys 88,900 tonnes of US wheat

The Taiwan Flour Millers' Association purchased 88,900 tonnes of milling wheat to be sourced from the United States in an international tender that closed on Thursday, European traders said. The wheat was bought in two consignments comprising various whea
Published 29 Oct, 2019 12:00am
China's September net gold imports fall

China's September net gold imports fall

China's net gold imports via Hong Kong fell 9% in September from the previous month, data from the Hong Kong Census and Statistics Department showed on Thursday, mainly due to softer demand and possible measures by Beijing to prop up the yuan. Net imports
Published 29 Oct, 2019 12:00am
Svitolina eases past Pliskova in WTA finals
Other

Svitolina eases past Pliskova in WTA finals

Defending champion Elina Svitolina continued her dominance over world number two Karolina Pliskova with a straight-sets victory at the WTA Finals in China on Monday. Opening Purple Group, the eighth seed started her title defence impressively with a 7-6 (
Updated 29 Oct, 2019 07:20am
Barty, Stosur spearhead Australia in Fed Cup final
Other

Barty, Stosur spearhead Australia in Fed Cup final

World number one Ashleigh Barty and veteran Samantha Stosur spearhead Australia's team announced Monday for the Fed Cup final against France, as the country targets a first title since 1974. Seven-time champions Australia powered into their first decider
Published 29 Oct, 2019 12:00am
Bangladesh cricketers earn pay rise after strike
Other

Bangladesh cricketers earn pay rise after strike

Cricketers in Bangladesh's main domestic league will see match payments almost double under a new deal that ended a player strike last week, the sport's ruling body said Monday. Players in the top-tier of the National Cricket League will receive 60,000 ta
Published 29 Oct, 2019 12:00am
Federer withdraws from Paris Masters
Other

Federer withdraws from Paris Masters

World number three Roger Federer announced on Monday that he was withdrawing from this week's Paris Masters in order to "pace" himself for the next year. "I am extremely disappointed to have to pull out of the Paris Masters," he said in a statement. "I ha
Updated 29 Oct, 2019 07:20am
Javeria, Bismah, Sadia shine as Pakistan post T20 series win
Other

Javeria, Bismah, Sadia shine as Pakistan post T20 series win

Half-centuries by Javeria Khan and captain Bismah Maroof helped Pakistan women cricket team to a 15-run win over Bangladesh women in the second T20I at Lahore's Gaddafi Stadium and thus sealed the three-match series 2-0. Pakistan put 167 for three in 20 o
Published 29 Oct, 2019 12:00am
Aussie, kiwi in tight ranges
Money & Banking

Aussie, kiwi in tight ranges

The Australian and New Zealand dollars stayed in tight ranges on Monday with global currency markets in a wait-and-see mode ahead of interest rate decisions by major central banks. Traders also awaited a speech by Australia's central bank Governor Philip
Updated 29 Oct, 2019 06:49am
Dollar rises against yen in Asia
Money & Banking

Dollar rises against yen in Asia

The dollar traded near its highest in more than two months versus the yen on Monday ahead of a US Federal Reserve meeting this week where policymakers are expected to cut interest rates but emphasise their reluctance to ease policy further. Sterling edged
Updated 29 Oct, 2019 06:50am
Early trade in New York: Dollar dips on trade optimism
Money & Banking

Early trade in New York: Dollar dips on trade optimism

The US dollar slipped on Monday as optimism that the US and China will reach a trade deal reduced demand for safe haven currencies, and as investors waited on the Federal Reserve's meeting this week. US President Donald Trump said on Monday he expected to
Updated 29 Oct, 2019 06:52am
Swiss franc weakens broadly in Europe
Money & Banking

Swiss franc weakens broadly in Europe

The Swiss franc weakened broadly against its rivals on Monday, extending its week-long losing streak, while the Australian and Canadian dollars gained as hopes of a Sino-American trade deal encouraged a move away from perceived safe-haven assets. In a fur
Updated 29 Oct, 2019 06:54am
Argentine black market peso hits record low
Money & Banking

Argentine black market peso hits record low

Argentina's peso edged up on Monday and the local Merval stock index rallied after center-left Alberto Fernandez clenched victory over incumbent Mauricio Macri in the presidential election and the central bank clamped down on dollar purchases. The peso wa
Updated 29 Oct, 2019 07:03am
Asian forex: Most currencies strengthen slightly
Money & Banking

Asian forex: Most currencies strengthen slightly

Most Asian currencies eked out narrow gains on Monday as hopes of a partial resolution to the festering trade dispute between the United States and China by next month whetted risk appetites. The gains, however, were capped as the dollar firmed ahead of a
Updated 29 Oct, 2019 07:02am
Sterling surges against dollar
Money & Banking

Sterling surges against dollar

Sterling edged higher against a broadly struggling dollar on Monday as traders awaited the outcome of a vote in British Parliament on Prime Minister Boris Johnson's demand for a general election. A House of Commons vote is due around 1900 GMT, with lawmak
Updated 29 Oct, 2019 07:01am