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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Exchange

Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 23 to...
Published 30 Nov, 2020 02:58am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (October 1 to...
Published 30 Nov, 2020 02:58am
Corporate agri farming
Exchange

Corporate agri farming

EDITORIAL: Prime Minister Imran Khan sought proposals on corporate farming from a delegation of industrialists who...
Published 30 Nov, 2020 02:58am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 28 Nov, 2020 03:04am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 28 Nov, 2020 03:04am
Fitch downgrades Sri Lanka on rising default risk
Exchange

Fitch downgrades Sri Lanka on rising default risk

  • Sri Lanka relies on tourism and garment exports for foreign exchange reserves. It's been hit hard by the pandemic.
  • We think there are now increasing risks to Sri Lanka's ability to meet its external debt repayments.
Published 28 Nov, 2020 12:25am
Rupee slides against dollar
Exchange

Rupee slides against dollar

  • Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs. 159.5 and Rs. 160.5 respectively.
Published 27 Nov, 2020 06:00pm
Ostriches at KSE-100?
Exchange

Ostriches at KSE-100?

Sometimes it feels that ostriches, and not only bulls and bears, exist at stock exchanges. Granted that markets are...
Published 27 Nov, 2020 07:30am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 27 Nov, 2020 03:08am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 27 Nov, 2020 03:08am
BoJ's assets hit record
Exchange

BoJ's assets hit record

TOKYO: The Bank of Japan's total balance of assets hit a new record in the fiscal first half from April to September...
Published 27 Nov, 2020 03:08am
Malaysian palm oil falls
Commodities

Malaysian palm oil falls

KUALA LUMPUR: Malaysian palm oil futures extended early losses on Thursday to close 1.4% lower on worsening November...
Published 27 Nov, 2020 03:08am
Provinces and prices
Exchange

Provinces and prices

EDITORIAL: It shouldn't take the prime minister's advisor on finance Dr Hafeez Sheikh to remind provinces that...
Published 27 Nov, 2020 03:08am
London cocoa heads back towards two-month high
Commodities

London cocoa heads back towards two-month high

  • March robusta coffee ended up $35, or 2.5%, at $1,411 a tonne.
  • March white sugar ended up $3.40, or 0.9%, at $404.10 a tonne, with volumes thin due to the US holiday.
  • March London cocoa ended up 36 pounds, or 2%, at 1,860 pounds per tonne.
Published 27 Nov, 2020 12:12am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 26 Nov, 2020 02:54am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 26 Nov, 2020 02:54am
Paris wheat at 2-week high
Grains

Paris wheat at 2-week high

PARIS: Euronext wheat rose on Tuesday to its highest in almost two weeks, tracking gains in Chicago as an unexpected...
Published 26 Nov, 2020 02:54am
Malaysian palm oil gains
Commodities

Malaysian palm oil gains

KUALA LUMPUR: Malaysian palm oil futures ended 1% higher on Wednesday despite a slump in November exports, boosted ...
Published 26 Nov, 2020 02:54am
Euronext wheat retreats with Chicago after highs
Commodities

Euronext wheat retreats with Chicago after highs

  • Chart resistance, a near three-month high for the euro against the dollar and an increased forecast for Russian exports also curbed Euronext prices.
  • March milling wheat, the most active contract on the Paris-based Euronext exchange, settled down 2.25 euros.
Published 26 Nov, 2020 12:31am
Dollar under pressure as risk appetite stages a comeback
Currency

Dollar under pressure as risk appetite stages a comeback

  • The U.S. currency teetered near a two-month low against the Australian dollar and a two-year low against the New Zealand dollar, both considered barometers of risk sentiment due to their close ties with the global commodities trade.
Published 25 Nov, 2020 10:01am
Cyclical gains lift US stocks
Stocks

Cyclical gains lift US stocks

• Tesla nears $500 billion in market cap NEW YORK: US stocks closed higher in a choppy session on Monday as hopes...
Published 25 Nov, 2020 02:56am
European shares climb
Stocks

European shares climb

MILAN/FRANKFURT: European shares ended higher on Tuesday, as the potential easing of lockdowns in France combined...
Published 25 Nov, 2020 02:56am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 25 Nov, 2020 02:56am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 25 Nov, 2020 02:56am
MPS: Nothing profound
Exchange

MPS: Nothing profound

EDITORIAL: Monetary Policy Statement issued on 23 November 2020 decided to keep the discount rate unchanged at 7...
Published 25 Nov, 2020 02:56am
Export of onion resumes
Exchange

Export of onion resumes

KARACHI: After the arrival of full crop of onion from Sindh in the domestic market and some reduction in the prices,...
Published 25 Nov, 2020 02:56am
NY cocoa hits nine-month high; sugar falls
Commodities

NY cocoa hits nine-month high; sugar falls

  • January robusta coffee settled down $25, or 1.8%, at $1,353 a tonne.
  • March white sugar fell $2.90, or 0.8%, to $408.60 a tonne.
  • March New York cocoa settled up $32, or 1.2%, at $2,785 a tonne, having touched a contract high of $2,821/
Published 25 Nov, 2020 02:27am
Panther Tyres Limited
Exchange

Panther Tyres Limited

Panther Tyres Limited, a leading tyre Company, has applied to be listed on the Pakistan Stock Exchange (PSX)....
Published 24 Nov, 2020 09:13pm
Special Report: How Britain failed to stop the second wave
Exchange

Special Report: How Britain failed to stop the second wave

A retired surgeon, Hutchinson is part of a local team of “contact tracers” in Halifax, Yorkshire, that aims to reach infected people before they infect others. His experience that day in mid-October, he said, summed up why Britain’s “tracking of the virus is very, very poor.”
Published 24 Nov, 2020 03:00pm
Australian, NZ shares up
Stocks

Australian, NZ shares up

SYDNEY/WELLINGTON: Australian shares closed higher on Monday with heavyweight energy and mining firms leading the...
Published 24 Nov, 2020 03:07am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 24 Nov, 2020 03:07am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 24 Nov, 2020 03:07am
Palm oil ends higher
Commodities

Palm oil ends higher

KUALA LUMPUR: Malaysian palm oil futures reversed early losses to rise 1% on Monday, as concerns over declining...
Published 24 Nov, 2020 03:07am
Copper prices fall
Commodities

Copper prices fall

LODNON: Copper prices slipped on Monday from Friday's 29-month high as the dollar strengthened though coronavirus...
Published 24 Nov, 2020 03:07am
SBP's Monetary Policy Committee maintain policy rate at 7pc
Currency

SBP's Monetary Policy Committee maintain policy rate at 7pc

  • On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
  • As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.
Updated 23 Nov, 2020 04:08pm
Govt U-turn is no bad thing
Exchange

Govt U-turn is no bad thing

In 1962-63, I was doing high school in Sacramento, California. I was an American Field Service Exchange scholar. I...
Published 21 Nov, 2020 02:44am
Fixing power sector
Exchange

Fixing power sector

The Special Assistant to the Prime Minister on Power has spelled out a roadmap to fix Pakistan's power sector. It...
Published 21 Nov, 2020 02:44am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 21 Nov, 2020 02:44am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 21 Nov, 2020 02:44am
Copper prices climb
Commodities

Copper prices climb

LONDON: Copper prices surged to their highest in 29 months on Friday as speculators extended a buying spree on...
Published 21 Nov, 2020 02:44am
Wall Street plummets
Stocks

Wall Street plummets

NEW YORK: US stocks closed steeply lower after a late-session sell-off on Wednesday as investors weighed surging...
Published 20 Nov, 2020 03:04am
Japan stocks down
Stocks

Japan stocks down

TOKYO: Japanese stocks fell for a second session on Thursday after Tokyo issued its most severe warning about a...
Published 20 Nov, 2020 03:04am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 20 Nov, 2020 03:04am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 20 Nov, 2020 03:04am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 19 Nov, 2020 02:55am
US stocks retreat
Stocks

US stocks retreat

NEW YORK: US stocks retreated from record closing highs on Tuesday, ending lower as surging Covid-19 cases, the...
Published 19 Nov, 2020 02:55am
European stocks up
Stocks

European stocks up

MILAN/FRANKFURT: European stocks closed higher on Wednesday as more positive updates on Covid-19 vaccine and merger...
Published 19 Nov, 2020 02:55am
NY cocoa, coffee climb
Commodities

NY cocoa, coffee climb

LONDON: New York cocoa futures on ICE climbed to their highest since late September on Wednesday, supported by low...
Published 19 Nov, 2020 02:55am
Palm oil climbs 2pc
Commodities

Palm oil climbs 2pc

KUALA LUMPUR: Malaysian palm oil futures jumped 2% on Wednesday, ending a three-day losing streak, underpinned by...
Published 19 Nov, 2020 02:55am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 19 Nov, 2020 02:55am
TSX gains on energy boost
Stocks

TSX gains on energy boost

  • The energy sector climbed 2.3% as US crude prices were up 0.8% a barrel, while Brent crude added 1.3%.
  • the Toronto Stock Exchange's S&P/TSX composite index was up 18.84 points, or 0.11%, at 16,966.9.
Published 18 Nov, 2020 09:20pm
NY cocoa climbs to 7-week high, coffee also up
Commodities

NY cocoa climbs to 7-week high, coffee also up

  • March New York cocoa was up $5, or 0.2%, at $2,522 a tonne.
  • January robusta coffee rose $21, or 1.5%, to $1,437 a tonne.
  • March arabica coffee rose 1.35 cents, or 1.1%, to $1.2085 per lb after climbing to a two-month high of $1.2115.
Published 18 Nov, 2020 05:51pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 18 Nov, 2020 02:48am
S&P, Dow at all-time highs
Stocks

S&P, Dow at all-time highs

NEW YORK: The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another...
Published 18 Nov, 2020 02:48am
Australian shares climb
Stocks

Australian shares climb

SYDNEY/WELLINGTON: Australian shares closed on Tuesday at their highest in nearly nine months, pushed up by ...
Published 18 Nov, 2020 02:48am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 18 Nov, 2020 02:48am
Brazil central bank to roll over $11.8bn FX swaps
Currency

Brazil central bank to roll over $11.8bn FX swaps

  • The central bank said it "may recalibrate the amount offered, according to market conditions."
  • The central bank has sold billions of dollars in the spot market and via FX swaps this year to help support the local currency.
Published 17 Nov, 2020 05:21pm
Racking up Debt for ML-1
Libor

Racking up Debt for ML-1

Main Line 1 (ML-1) is the most important railway line operated by Pakistan Railways, stretching from Karachi to...
Published 17 Nov, 2020 01:55pm
Currency games!
Currency

Currency games!

The PKR/USD breached 158 level yesterday. Most treasuries were of the view that PKR/USD could cross 170, when it was...
Published 17 Nov, 2020 07:55am
Australian, NZ shares jump
Stocks

Australian, NZ shares jump

SYDNEY/WELLINGTON: Trading on Australia's stock exchange was halted just 20 minutes from the open on Monday due to...
Published 17 Nov, 2020 02:55am
Raw sugar, cocoa surge
Grains

Raw sugar, cocoa surge

LONDON: Raw sugar prices on ICE surged to an 8-1/2 month high on Monday, boosted by nearby supply tightness, while...
Published 17 Nov, 2020 02:55am
Growth in external debt
Exchange

Growth in external debt

The external debt of Pakistan stands at $113.8 billion as of the end of September 2020. It has registered an ...
Published 17 Nov, 2020 02:55am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 17 Nov, 2020 02:55am
Tokyo rubber futures up
Commodities

Tokyo rubber futures up

TOKYO: Japanese rubber futures rose more than 1% on Monday, buoyed by strong third-quarter economic growth numbers ...
Updated 17 Nov, 2020 03:24am
Copper hits 2-1/2 year high on upbeat China data
Commodities

Copper hits 2-1/2 year high on upbeat China data

  • Three-month copper on the London Metal Exchange was up 2.1% to $7,128.50 a tonne in official trading.
  • The strong macro China data is giving copper another ride higher and it reinforces the view that China's demand recovery is holding its shape.
Published 16 Nov, 2020 07:45pm
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 9 to...
Published 16 Nov, 2020 02:46am
Equity borrowing
Currency

Equity borrowing

EDITORIAL: Special Secretary Ministry of Finance Kamran Ali Afzal informed a select group of journalists that the...
Published 16 Nov, 2020 02:46am
State of economy
Exchange

State of economy

On 3 November 2020 Prime Minister Imran Khan announced the industrial support package while the Advisor to the Prime...
Published 16 Nov, 2020 02:46am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 14 Nov, 2020 02:52am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 14 Nov, 2020 02:52am
Palm oil falls
Commodities

Palm oil falls

KAULA LUMPUR: Malaysian palm oil futures fell for a second day on Friday, tracking losses in rival oils on the...
Published 14 Nov, 2020 02:52am
Nigeria naira eases on black market as FX demand pressure resurfaces
Forex

Nigeria naira eases on black market as FX demand pressure resurfaces

  • Traders had expected the currency to trade flat on the black market on the hopes that higher oil prices will boost Nigeria's foreign exchange supplies.
  • Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections.
Published 13 Nov, 2020 07:52pm
Remittances’ new normal?
Currency

Remittances’ new normal?

The remittance growth remained unabated in October. In Jul-Oct, the flow is up by 26 percent to reach $9.4 billion....
Updated 13 Nov, 2020 10:43am
Palm oil up for fourth day
Energy

Palm oil up for fourth day

KUALA LUMPUR: Malaysian palm oil futures extended gains for a fourth session on Thursday, hitting their highest in...
Updated 13 Nov, 2020 03:18am
Nasdaq moves up
Stocks

Nasdaq moves up

NEW YORK: The Nasdaq closed up 2% on Wednesday as investors switched back to technology stocks and away from...
Published 13 Nov, 2020 02:57am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 13 Nov, 2020 02:57am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 13 Nov, 2020 02:57am
Copper prices rise
Commodities

Copper prices rise

LONDON: Copper prices were boosted on Thursday by more progress on a possible Covid-19 vaccine, the delivery of ...
Published 13 Nov, 2020 02:57am
Rubber futures jump
Commodities

Rubber futures jump

TOKYO: Japanese rubber futures rose almost 6% on Thursday to a nearly two-week high as optimism over prospects for a...
Published 13 Nov, 2020 02:57am
Copper prices cling to vaccine hopes
Commodities

Copper prices cling to vaccine hopes

  • Moderna Inc said on Wednesday it had enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine,
  • Three-month copper on the London Metal Exchange (LME) added 0.6% to $6,925 per tonne.
Published 12 Nov, 2020 06:36pm
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 12 Nov, 2020 02:50am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 12 Nov, 2020 02:50am
Nasdaq retreats
Stocks

Nasdaq retreats

NEW YORK: The Nasdaq closed 1.4% lower and the S&P dipped slightly on Tuesday as investors sold off technology...
Published 12 Nov, 2020 02:50am
Byco 1QFY21 – a mixed bag
Currency

Byco 1QFY21 – a mixed bag

Byco Petroleum Limited (PSX: BYCO) has seen hideous times in FY20 as did the rest of the refining segment in the...
Published 11 Nov, 2020 07:32am
Exide Pakistan Limited
Mutual Funds

Exide Pakistan Limited

Exide Pakistan Limited (PSX: EXIDE) was set up as a private limited company in 1953. It was later listed on the...
Published 11 Nov, 2020 07:25am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 11 Nov, 2020 02:53am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 11 Nov, 2020 02:53am
Dollar edges up in Europe
Currency

Dollar edges up in Europe

LONDON: The dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic about progress...
Published 11 Nov, 2020 02:53am
Tokyo rubber falls
Commodities

Tokyo rubber falls

TOKYO: Japanese rubber futures fell on Tuesday, tracking the Shanghai market lower as euphoria waned over promising...
Updated 11 Nov, 2020 03:17am
Copper slips from 29-month highs as dollar strengthens
Commodities

Copper slips from 29-month highs as dollar strengthens

  • European stock markets and oil prices rose for a second day, though weak inflation data in China.
  • The dollar, meanwhile, recouped some of Monday's losses, pressuring metals by making them more expensive for buyers with other currencies.
Published 10 Nov, 2020 05:12pm
Trade policy framework
Exchange

Trade policy framework

A new trade policy is on the anvil, one which envisages Pakistan to fetch up to $46 billion over the next five ...
Published 10 Nov, 2020 08:09am
Budgetary outcome in 1QFY21
Exchange

Budgetary outcome in 1QFY21

The Ministry of Finance (MoF) has released the results of the fiscal operations for the first quarter of 2020-21. ...
Published 10 Nov, 2020 02:54am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 10 Nov, 2020 02:54am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 10 Nov, 2020 02:54am
China's copper import boom leaves other metals cold
Commodities

China's copper import boom leaves other metals cold

  • This surge looks like a re-run of the financial crisis a decade ago.
  • China is clearing the rest of the world's copper surplus and to a lesser extent its aluminium surplus, but excess zinc, lead and nickel is being left to accumulate in cold storage.
Updated 09 Nov, 2020 07:23pm
Dollar decline adds to headache for Swiss central bank
Forex

Dollar decline adds to headache for Swiss central bank

  • The rise may lead the SNB to ramp up currency interventions to check the rise of the franc.
  • It is definitely more a case of the dollar weakening rather than the franc rising. We still think the dollar is over-valued at the moment.
Published 09 Nov, 2020 06:05pm
Fiscal roundup: 1QFY21
Currency

Fiscal roundup: 1QFY21

First quarter fiscal report card is out. The consolidated fiscal deficit stood at Rs484 billion (1.1% of GDP) in...
Published 09 Nov, 2020 08:38am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 2 to ...
Published 09 Nov, 2020 02:46am
Your rupee last quarter
Currency

Your rupee last quarter

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last quarter. (July 2 to...
Published 09 Nov, 2020 02:46am
SBP governor visits SCCI
Exchange

SBP governor visits SCCI

SIALKOT: Governor State Bank of Pakistan, Dr Reza Baqir Saturday paid a visit to the Sialkot Chamber of Commerce and...
Published 08 Nov, 2020 02:55am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 07 Nov, 2020 02:39am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 07 Nov, 2020 02:39am
TSX gains on job additions, strong earnings
Stocks

TSX gains on job additions, strong earnings

  • The Toronto Stock Exchange's S&P/TSX composite index was up 27.38 points, or 0.17%, at 16,325.55.
  • The largest percentage gainers on the TSX were pot producer Aurora Cannabis Inc, which jumped 41.1%, and Jamieson Wellness Inc.
Published 06 Nov, 2020 08:34pm
Brazil inflation rises to highest for any October since 2002
Exchange

Brazil inflation rises to highest for any October since 2002

  • Central bank officials say the spike is "temporary" and that long-term inflation expectations and baseline forecasts remain "well-anchored".
  • Prices rose 3.92% in the 12 months through October, the highest since February and also in line with the median forecast of 3.90% in the Reuters poll.
Published 06 Nov, 2020 07:54pm
Fitch sees growing risk as Turkish lira hits new low
Currency

Fitch sees growing risk as Turkish lira hits new low

  • Double-digit inflation and depleted FX reserves "would significantly increase the chances" of a formal interest rate hike by year end.
  • The lira slid as much as 1.7% to a record low of 8.56 versus the dollar, despite the greenback's weakness as votes were still being counted in Tuesday's tight US election.
Published 06 Nov, 2020 05:50pm
Alibaba beats sales forecasts on China e-commerce growth
Exchange

Alibaba beats sales forecasts on China e-commerce growth

  • China’s surprise suspension of Ant Group’s planned $37 billion Shanghai initial public offering (IPO) was seen by some analysts and investors as an attempt by Beijing to cut founder Jack Ma and his financial services empire down to size.
Published 06 Nov, 2020 10:06am
Cotton: fall from grace?
Exchange

Cotton: fall from grace?

While Pakistanis continue to find their national honour insulted by (slated) import of sugar and wheat of $500...
Published 06 Nov, 2020 07:40am
Unshackling debt shackles
Currency

Unshackling debt shackles

It is now officially admitted that the coalition Government of Pakistan Tehreek-i-Insaf (PTI) secured over $13...
Published 06 Nov, 2020 02:59am
Police court martial?-II
Exchange

Police court martial?-II

As for the lack of disciple, it is ironical, indeed, that of all people former CCPO Sheikh should be complaining...
Updated 06 Nov, 2020 02:16pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 06 Nov, 2020 02:59am
US stocks jump
Stocks

US stocks jump

• S&P healthcare index jumps to record high NEW YORK: US stocks surged to close higher on Wednesday as the...
Published 06 Nov, 2020 02:59am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 06 Nov, 2020 02:59am
Copper prices climb
Commodities

Copper prices climb

LONDON: Copper prices edged higher on Thursday as the dollar slid and investors looked forward to more central bank...
Updated 06 Nov, 2020 03:22am
Pakistan State Oil
Currency

Pakistan State Oil

Pakistan State Oil Limited is the country’s largest OMC and is engaged in marketing and distribution of all...
Published 05 Nov, 2020 07:25am
S&P futures climb
Stocks

S&P futures climb

• Banks, construction companies rise on stimulus bets • Wall Street’s fear gauge hits one-week low • Ten ...
Published 05 Nov, 2020 02:53am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 05 Nov, 2020 02:53am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 05 Nov, 2020 02:53am
Sterling volatile
Currency

Sterling volatile

LONDON: The British pound was volatile on Wednesday as investors waited for the outcome of the US presidential...
Published 05 Nov, 2020 02:53am
Tokyo rubber plunges
Commodities

Tokyo rubber plunges

TOKYO: Japanese rubber futures plunged nearly 9% on Wednesday, hitting a two-week low, as investors booked profits...
Published 05 Nov, 2020 02:53am
Copper rebounds
Commodities

Copper rebounds

LONDON: Copper prices edged higher on Wednesday in volatile trading after touching their lowest levels in almost...
Published 05 Nov, 2020 02:53am
Bettors stampede back in favor of Biden as results stream in
Exchange

Bettors stampede back in favor of Biden as results stream in

  • The shift, according to data from three odds aggregators, came after Biden overtook Trump in the battleground state of Wisconsin.
  • Taking the lead in Wisconsin could be the turning point with the Democrat now also projected to win Nevada and Arizona.
Published 04 Nov, 2020 07:35pm
Currencies on roller coaster as US vote count swings; OTP shares shine
Forex

Currencies on roller coaster as US vote count swings; OTP shares shine

  • Stock markets were mixed, with Budapest's main BUX index jumping by 2.3% and Prague rising 0.4%. Shares in Hungarian OTP Bank extended its gains from Tuesday, rising 1.3%.
  • Warsaw's main index, however, fell by almost 2%, which some analysts said was caused by concern about the record numbers of Covid cases and profit taking by some players.
Published 04 Nov, 2020 05:47pm
Copper trading volumes rebound as speculators return
Commodities

Copper trading volumes rebound as speculators return

  • Copper is widely used by speculators and funds as a proxy for the health of the global economy due to its wide range of uses from construction to manufacturing.
  • Copper has since pared some of the gains, but is still up more than 50% since March and many traders are betting it will resume its rally.
Published 04 Nov, 2020 05:34pm
Cash is still King
Currency

Cash is still King

The 2010s brought with them the promise of a digital future, of seamless connectivity, and painless transactions. ...
Published 04 Nov, 2020 01:55pm
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 04 Nov, 2020 02:45am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 04 Nov, 2020 02:45am
Wall Street rises
Stocks

Wall Street rises

NEW YORK: The Dow and S&P closed higher on Monday with the Nasdaq posting slimmer gains on the eve of the US...
Published 04 Nov, 2020 02:45am
TSX rises on energy boost
Stocks

TSX rises on energy boost

  • The energy sector climbed 2% as US crude prices were up 3.6% a barrel, while Brent crude firmed 3.1%.
  • The financials sector gained 1.2%. The industrials sector rose 0.7%.
Published 03 Nov, 2020 08:59pm
India central bank exploring investment options for reserves
Currency

India central bank exploring investment options for reserves

  • The RBI's foreign exchange reserves stand at a record $560.63 billion.
  • The RBI is likely to continue to buy dollars. The problem is the dollar deployment and getting good returns.
  • The government is comfortable with current rupee levels. It needs to be competitive to help provide an export boost.
Published 03 Nov, 2020 08:11pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 03 Nov, 2020 02:50am
IMF projections
Exchange

IMF projections

The latest IMF projection of key macroeconomic variables of the economy of Pakistan are contained in the October ...
Published 03 Nov, 2020 02:50am
Portents of trouble ahead
Exchange

Portents of trouble ahead

The war of words and hostile rhetoric between the government and the opposition Pakistan Democratic Movement (PDM)...
Published 03 Nov, 2020 02:50am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 03 Nov, 2020 02:50am
China manufacturing data supports copper prices
Commodities

China manufacturing data supports copper prices

  • Benchmark copper on the London Metal Exchange was up 0.2% at $6,729 a tonne.
  • China dominates copper demand, economic activity is back to normal so more stimulus is unlikely. It would be difficult to justify higher prices.
Published 02 Nov, 2020 05:48pm
HMB delivers strong profits
Exchange

HMB delivers strong profits

The world may well still be trying to come to terms with the pandemic outbreak, but banks in Pakistan have shown...
Published 02 Nov, 2020 08:01am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 26 to...
Published 02 Nov, 2020 02:52am
The wheat challenge
Exchange

The wheat challenge

EDITORIAL: Wheat and sugar prices have registered an alarming rise subsequent to the much hailed unprecedented...
Published 02 Nov, 2020 02:52am
Unwarranted accusations
Exchange

Unwarranted accusations

EDITORIAL: Adhering to expediency rather than principle the joint statement issued at the conclusion of the third...
Published 02 Nov, 2020 02:52am
Erdogan says Turkey in economic war against interest, exchange rates
Exchange

Erdogan says Turkey in economic war against interest, exchange rates

  • Erdogan, a self-described enemy of high interest rates, has said they cause high inflation, and has repeatedly called for lower borrowing costs.
  • Turkey's lira has lost around 30 percent of its value this year, and economists expect the central bank to continue hike rates after a 200 bps hike last month.
Published 31 Oct, 2020 06:07pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 30 Oct, 2020 02:54am
‘Tax potential’
Exchange

‘Tax potential’

This is apropos a Business Recorder editorial “Tax potential” carried by the newspaper on Wednesday in which the...
Published 30 Oct, 2020 02:54am
Japan stocks fall
Stocks

Japan stocks fall

TOKYO: Japanese shares fell to a one-month low on Thursday weighed by concerns about fresh coronavirus lockdowns in...
Published 30 Oct, 2020 02:54am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 30 Oct, 2020 02:54am
Copper falls
Commodities

Copper falls

LONDON: Copper prices fell on Thursday as worries about growth and demand were reinforced by the second wave of...
Published 30 Oct, 2020 02:54am
KE suffers Rs2.96bn revenue loss for COVID-19
Exchange

KE suffers Rs2.96bn revenue loss for COVID-19

  • In spite of these financial challenges emerged after spread of COVID-19 pandemic, over Rs. 55 billion had been invested by the company across the generation, transmission and distribution businesses.
Published 29 Oct, 2020 11:41pm
Copper slides as demand concerns resurface
Commodities

Copper slides as demand concerns resurface

  • There has been an astounding deterioration in the coronavirus situation pretty much around the world, with the Far East being a notable exception.
  • "If Trump wins, metals could sell off because things will stay tense with China."
Published 29 Oct, 2020 05:59pm
Loads Limited
Exchange

Loads Limited

Loads Limited (PSX: LOADS) was established as a private limited company in 1979. Later, in 1994 it was converted ...
Published 29 Oct, 2020 07:20am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 29 Oct, 2020 02:53am
Nikkei slips
Stocks

Nikkei slips

TOKYO: Japanese shares fell on Wednesday for the third consecutive session, pulled down by worries that surging...
Published 29 Oct, 2020 02:53am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 29 Oct, 2020 02:53am
Trade deficit
Currency

Trade deficit

EDITORIAL: Notwithstanding repeated claims of success in curtailing the danger posed by the 20 billion dollar...
Published 29 Oct, 2020 02:53am
Palm oil eases
Commodities

Palm oil eases

KUALA LUMPUR: Malaysian palm oil futures eased on Wednesday, its second straight session of losses, on profit ...
Published 29 Oct, 2020 02:53am
Latam FX dives, Brazil's real hits 5-month low ahead of rate move
Forex

Latam FX dives, Brazil's real hits 5-month low ahead of rate move

  • The real slipped 0.9% to fall for the fourth straight day as Brazil's central bank was seen leaving its benchmark Selic rate at a record low of 2.0% later in the day.
  • The extension of the budget deficit in an effort to fight the effects of the pandemic is limiting the central bank's scope to cut rates further.
Published 28 Oct, 2020 07:57pm
Palm oil eases on profit-booking ahead of holiday
Commodities

Palm oil eases on profit-booking ahead of holiday

  • The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed down 14 ringgit, or 0.46%, to 3,051 ringgit ($732.88) a tonne.
  • Indonesia has set crude palm oil export tax at $3 per tonne for November.
Published 28 Oct, 2020 05:00pm
Aston Martin gains capital injection and strengthens Mercedes link
Exchange

Aston Martin gains capital injection and strengthens Mercedes link

  • Shares in the company jumped as much as 12.8% after it said late on Tuesday that Daimler's Mercedes-Benz would lift its stake in the British carmaker to up to 20% by 2023.
  • Mercedes will not put up any cash but will be given the shares in exchange for expanding an existing supply agreement.
Published 28 Oct, 2020 04:42pm
Pakistan, Afghanistan ink Customs Mutual Assistance Agreement
Exchange

Pakistan, Afghanistan ink Customs Mutual Assistance Agreement

  • The agreement will ensure reduced clearance time as well as optimum trade facilitation for import, export, and transit cargo between the two countries. It will also ensure reduced risk of evasion of duties and taxes and effective control over smuggling.
Published 28 Oct, 2020 10:32am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 28 Oct, 2020 02:52am
Wall Street down
Stocks

Wall Street down

• Volume less than average with buyers on the sidelines NEW YORK: US stocks tumbled on Monday in thin trade, with...
Published 28 Oct, 2020 02:52am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 28 Oct, 2020 02:52am
Dollar struggles in Europe
Currency

Dollar struggles in Europe

LONDON: The US dollar fell on Tuesday despite rising worries about a second wave of Covid-19 infections, as ...
Published 28 Oct, 2020 02:52am
Tax potential
Exchange

Tax potential

EDITORIAL: The newly-appointed Special Assistant to the Prime Minister on Revenue Dr. Waqar Masood has told a ...
Published 28 Oct, 2020 02:52am
Now Sudan, and next?
Exchange

Now Sudan, and next?

EDITORIAL: Sudan's decision to recognise Israel does not come as a surprise since it was being talked about after...
Published 28 Oct, 2020 02:52am
TSX flat as downbeat earnings offset energy gains
Stocks

TSX flat as downbeat earnings offset energy gains

  • The Toronto Stock Exchange's S&P/TSX composite index was down 7.43 points, or 0.05%, at 16,072.12.
  • On the TSX, 141 issues were higher, while 74 issues declined for a 1.91-to-1 ratio favouring gainers, with 15.65 million shares traded.
Published 27 Oct, 2020 08:48pm
China phases out use of 'X-factor' in managing yuan value
Currency

China phases out use of 'X-factor' in managing yuan value

  • The China Foreign Exchange Trade System said in a statement it would change the price adjustment model of the central parity rate of the yuan versus the dollar to promote transparency and efficiency.
  • "This does not necessarily mean that they are seeking to actively weaken the yuan - it is just that those tools are no longer needed."
Published 27 Oct, 2020 07:11pm
Where is the rupee headed?
Currency

Where is the rupee headed?

PKR has been appreciating against USD for the past two months. One reason is the USD depreciation against other...
Published 27 Oct, 2020 08:09am
Japanese shares lower
Stocks

Japanese shares lower

TOKYO: Japanese shares edged lower on Monday, as investors were on guard ahead of a slew of earnings reports, while ...
Published 27 Oct, 2020 02:59am
State of the BoP
Exchange

State of the BoP

The SBP has recently released the statistics on the balance of payments for Pakistan for the first quarter of...
Published 27 Oct, 2020 02:59am
PDM's Quetta show
Exchange

PDM's Quetta show

The Pakistan Democratic Movement's (PDM's) rally in Quetta was huge, indicating that its narrative has gripped not...
Published 27 Oct, 2020 02:59am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 27 Oct, 2020 02:59am
Malaysian palm oil jumps
Commodities

Malaysian palm oil jumps

SINGAPORE: Malaysian palm oil futures jumped 1.8% on Monday to one-and-a-half-week high, tracking gains in rival ...
Published 27 Oct, 2020 02:59am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 27 Oct, 2020 02:59am
Erdogan urges Turks to boycott French goods
Exchange

Erdogan urges Turks to boycott French goods

  • Just like they say 'Don't buy good with Turkish brands' in France, I am calling to all my citizens from here to never help French brands or buy them.
  • Shares in the Turkish unit of French-American telecoms equipment company Alcatel Lucent were down 10% on the Istanbul stock exchange after Erdogan's comments.
Published 26 Oct, 2020 07:31pm
India says to sign military agreement with US on sharing of satellite data
Exchange

India says to sign military agreement with US on sharing of satellite data

  • The Basic Exchange and Cooperation Agreement on Geospatial Cooperation (BECA) will allow India access to topographical, nautical and aeronautical data for better accuracy of weapons like missiles and drones.
  • The two ministers expressed satisfaction that agreement of BECA will be signed during the visit.
Published 26 Oct, 2020 07:24pm
Ant Group to raise up to $34.4bn in world's biggest public offering
Stocks

Ant Group to raise up to $34.4bn in world's biggest public offering

  • Ant, backed by e-commerce group Alibaba, is aiming to raise about $17.2 billion in Shanghai and roughly the same amount in Hong Kong this week.
  • Ant set the price tag for the Shanghai leg of its dual-listing at 68.8 yuan ($10.27) per share, while the price was set at HK$80 ($10.32) per share for the Hong Kong tranche.
Published 26 Oct, 2020 05:50pm
Greece to reopen 15-year bond
Stocks

Greece to reopen 15-year bond

ATHENS: Greece said it was reopening a 15-year bond issued in January, seeking to capitalise on historically low...
Published 26 Oct, 2020 02:52am