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Nov 24, 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
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 19 to...
Published 26 Oct, 2020 02:52am
Aviation in Pakistan
Exchange

Aviation in Pakistan

Keeping in view the safety and security of our country, the overflying, allowing foreign airlines to land and uplift...
Updated 25 Oct, 2020 02:45am
Indian lenders given deadline to implement interest waiver scheme
Exchange

Indian lenders given deadline to implement interest waiver scheme

  • Prime Minister Narendra Modi's government was forced to rethink the loan moratorium scheme which allowed borrowers to not pay loan instalments between March and August,
  • Earlier this month, the government told the Supreme Court it will waive certain interest levies on loans below 20 million rupees ($272,888) under a health support plan.
Published 24 Oct, 2020 06:34pm
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 Oct, 2020 02:41am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 24 Oct, 2020 02:41am
Growth and exports
Currency

Growth and exports

The International Monetary Fund (IMF) in April and the World Bank (WB) in May 2020 scaled down Pakistan's growth...
Updated 24 Oct, 2020 03:03am
Dollar headed for weekly loss amid election, stimulus uncertainty
Forex

Dollar headed for weekly loss amid election, stimulus uncertainty

  • Republican President Donald Trump and Democratic challenger Joe Biden squared off on Friday in a less raucous debate than their previous meeting.
  • It was certainly more productive than the first one, but I don't think there was any meaningful shakeup in the outlook for the election.
Published 23 Oct, 2020 08:07pm
Sri Lankan shares end flat as materials, consumer staples drag
Stocks

Sri Lankan shares end flat as materials, consumer staples drag

  • The benchmark stock index closed 0.05% lower at 5,768.94. The bourse fell 3% in the past week and is down 5.9% for the year so far.
  • Ceylinco Insurance Plc and Nawaloka Hospitals Plc were the biggest boosts to the index, rising 2.8% and 11.5%, respectively.
Published 23 Oct, 2020 06:22pm
Wheat firm near 6-year top as weather worries persist
Commodities

Wheat firm near 6-year top as weather worries persist

  • Dry weather effects seen in Russian, US, Argentine wheat belts.
  • Egypt wheat tender adds to flurry of international demand.
  • Corn steady near 14-month top on strong export demand.
  • Soybeans also consolidate after 4-year high; Brazil rain eyed.
Published 23 Oct, 2020 05:11pm
Time to go long
Currency

Time to go long

The current account is in surplus after 21 quarters of deficits. When the incumbents came to power, the first ...
Published 23 Oct, 2020 07:40am
Allied Bank defies Covid
Exchange

Allied Bank defies Covid

Pandemic it maybe. But panic it is not. Not at Allied Bank Limited (ABL). The bank announced its financial results...
Published 23 Oct, 2020 07:38am
An Interview with Ahmed Mushfiq Mobarak, Professor of Economics – Yale University
Exchange

An Interview with Ahmed Mushfiq Mobarak, Professor of Economics – Yale University

Ahmed Mushfiq Mobarak is a Professor of Economics at Yale University with concurrent appointments in the School of Management and in the Department of Economics. In this interview he has shared his views on a wide range of topics; Insights from his research on the Covid-19 crises, Productivity, Policy Making and Governance , Political Economy and Economic teaching . He has discussed these things in regards to Bangladesh’s success story and how can Pakistan learn from it.
Updated 23 Oct, 2020 10:03am
Wall Street declines
Stocks

Wall Street declines

NEW YORK: Wall Street's three major averages closed lower on Wednesday after a volatile trading session, as ...
Published 23 Oct, 2020 02:32am
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 23 Oct, 2020 02:32am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 23 Oct, 2020 02:32am
Turkish lira weakens
Currency

Turkish lira weakens

ISTANBUL: Turkey's lira weakened on Thursday after rising to its strongest since Oct. 6 against the dollar, as...
Updated 23 Oct, 2020 02:57am
Telenor: some recovery
Exchange

Telenor: some recovery

As previously analyzed in this space, Pakistan’s telecoms sector had come out largely unharmed from the first...
Published 22 Oct, 2020 07:43am
POL – a slow beginning
Exchange

POL – a slow beginning

The exploration and production sectors performance in FY20 was scarred by a weak 4QFY20 where the impact of COVID-19...
Published 22 Oct, 2020 07:41am
Japanese stocks rise
Stocks

Japanese stocks rise

TOKYO: Japanese shares closed higher on Wednesday as optimism that US lawmakers could reach an agreement on a...
Published 22 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 22 Oct, 2020 02:54am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 22 Oct, 2020 02:54am
Wall Street declines
Stocks

Wall Street declines

NEW YORK: Wall Street's main indexes closed lower on Monday as Washington lawmakers still appeared to struggle to...
Published 21 Oct, 2020 02:53am
China shares surge
Stocks

China shares surge

SHANGHAI: China shares ended higher on Tuesday in a relatively tepid session, as optimism over recovering ...
Published 21 Oct, 2020 02:53am
Japan stocks drop
Stocks

Japan stocks drop

TOKYO: Japanese shares ended lower on Tuesday, tracking overnight Wall Street losses, as investors cautiously looked...
Published 21 Oct, 2020 02:53am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 21 Oct, 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 21 Oct, 2020 02:53am
Iran's rial climbs
Currency

Iran's rial climbs

DUBAI: The Iranian rial bounced back from record lows to a near one-month high against the US dollar on Tuesday ...
Published 21 Oct, 2020 02:53am
Conflicting signals
Currency

Conflicting signals

The big changes in the movement of key macroeconomic variables following the spread since March 2020 of COVID-19 ...
Published 20 Oct, 2020 02:42am
European shares down
Stocks

European shares down

MILAN/BERLIN: European shares ended lower on Monday as surging Covid-19 cases raised the possibility of further...
Published 20 Oct, 2020 02:42am
Japan shares up
Stocks

Japan shares up

TOKYO: Japanese shares ended higher on Monday, tracking a gain in Wall Street futures in Asian trade, on hopes of a...
Published 20 Oct, 2020 02:42am
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 Oct, 2020 02:42am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 20 Oct, 2020 02:42am
A strengthening PKR
Exchange

A strengthening PKR

EDITORIAL: In recent weeks the rupee has strengthened against the dollar, by more than 4 rupees to the dollar, and...
Published 20 Oct, 2020 02:42am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (October 12 to...
Published 19 Oct, 2020 03:02am
Hekmatyar arrives today
Exchange

Hekmatyar arrives today

ISLAMABAD: Gulbuddin Hekmatyar - a former warlord and current head of Hezb-e-Islami Afghanistan along with a...
Published 19 Oct, 2020 03:02am
Terrorist attacks
Exchange

Terrorist attacks

EDITORIAL: Thursday's two back-to-back terrorist attacks are a poignant reminder that Pakistan remains in the...
Published 19 Oct, 2020 03:02am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 17 Oct, 2020 03:08am
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 17 Oct, 2020 03:08am
Rupee gains 37 paisas against dollar
Exchange

Rupee gains 37 paisas against dollar

  • In interbank trading, the price of euro depreciated by 66 paisas and closed at Rs. 190.24 against the last day’s trading of Rs. 190.90, State Bank of Pakistan reported.
Published 16 Oct, 2020 06:10pm
Japan stocks fall
Stocks

Japan stocks fall

TOKYO: Japanese stocks fell on Thursday as fading hopes for a new round of US fiscal stimulus, a return of...
Published 16 Oct, 2020 02:45am
Wall Street down
Stocks

Wall Street down

• Goldman Sachs rises as profit nearly doubles • Wells Fargo, Bank of America drop after results NEW YORK: ...
Published 16 Oct, 2020 02:45am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 16 Oct, 2020 02:45am
Palm oil falls over 2pc
Commodities

Palm oil falls over 2pc

KUALA LUMPUR: Malaysian palm oil futures fell more than 2% on Thursday, dragged down by lower crude oil prices and...
Published 16 Oct, 2020 02:45am
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 16 Oct, 2020 02:45am
Copper prices rebound
Commodities

Copper prices rebound

LONDON: Copper prices rebounded on Thursday as strong demand in top consumer China overcame concerns that rising...
Published 16 Oct, 2020 02:45am
Tokyo rubber futures fall
Commodities

Tokyo rubber futures fall

TOKYO: Japanese rubber futures fell on Thursday, snapping a 5-day rally, as investors took profits after prices hit ...
Published 16 Oct, 2020 02:45am
Pakistan-India talks
Exchange

Pakistan-India talks

In what is a rare cross-border interview since last year's illegal annexation of Indian Held Kashmir (IHK) by the...
Published 16 Oct, 2020 02:45am
EU wheat extends rally after Chicago jumps to near 5-year high
Commodities

EU wheat extends rally after Chicago jumps to near 5-year high

  • Benchmark December milling wheat on Paris-based Euronext unofficially closed 1.7% higher at 207.00 euros ($242.1) a tonne after touching a new contract high of 207.25 euros.
  • "The market is factoring signs that dry weather could hamper wheat crops in many large growing regions," a trader said.
Published 16 Oct, 2020 01:27am
UAE, Israel working on double tax treaty to encourage investment
Exchange

UAE, Israel working on double tax treaty to encourage investment

  • Several commercial agreements have been signed between the two countries since mid-August, when they agreed to normalise relations.
  • There is a preliminary agreement between both countries to start negotiations with Israel on Double Taxation Avoidance Agreement soon.
Published 16 Oct, 2020 01:25am
CBOT wheat gains as weather woes worsen
Commodities

CBOT wheat gains as weather woes worsen

  • The most-active CBOT December soft red winter wheat contract ended 21-1/2 cents higher at $6.18-1/4 a bushel, the highest since Dec. 29, 2014.
  • Argentina's 2020/21 wheat crop is estimated at 17 million tonnes, the Rosario grains exchange said on Thursday.
Updated 16 Oct, 2020 12:08am
Rupee gains 62 paisas against dollar
Exchange

Rupee gains 62 paisas against dollar

  • In interbank trading, the price of euro depreciated by Rs. 1.20 and closed at Rs. 190.90 against the last day’s trading of Rs. 192.10, State Bank of Pakistan reported.
Updated 15 Oct, 2020 08:34pm
Nikkei recoups losses
Stocks

Nikkei recoups losses

TOKYO: Japan’s stock benchmark Nikkei recouped early losses on Wednesday to close marginally higher, but sentiment...
Published 15 Oct, 2020 03:10am
Wall Street declines
Stocks

Wall Street declines

• JPMorgan, Citigroup help launch Q3 earnings season • Boeing slips on more 737 MAX cancellations, fall in...
Published 15 Oct, 2020 03:10am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 15 Oct, 2020 03:10am
Tokyo rubber remains up
Commodities

Tokyo rubber remains up

TOKYO: Japanese rubber futures gained for a fifth session on Wednesday to touch a six-week high, buoyed by concerns...
Published 15 Oct, 2020 03:10am
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 15 Oct, 2020 03:10am
Mnuchin says coronavirus relief deal unlikely before US election
Exchange

Mnuchin says coronavirus relief deal unlikely before US election

  • Mnuchin, who spoke with the California Democrat on Wednesday, acknowledged the two were still "far apart" on some issues and said politics were "part of the reality."
  • In response to proposals sent over the weekend, the two spent time seeking clarification on language, which was productive.
Published 15 Oct, 2020 12:15am
Biafo Industries Limited
Exchange

Biafo Industries Limited

Biafo Industries Limited (PSX: BIFO) was established in 1988 under the Companies Ordinance, 1984 (now Companies Act,...
Published 14 Oct, 2020 07:25am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 14 Oct, 2020 03:33am
Nikkei claws higher
Stocks

Nikkei claws higher

TOKYO: Japanese shares closed higher on Tuesday as investor sentiment improved after US futures trimmed early ...
Published 14 Oct, 2020 03:33am
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 Oct, 2020 03:33am
Tokyo rubber rises
Commodities

Tokyo rubber rises

TOKYO: Japanese rubber futures logged a six-week high on Tuesday, extending gains into a fourth straight session,...
Published 14 Oct, 2020 03:33am
Copper prices down
Commodities

Copper prices down

LONDON: Copper prices fell on Tuesday as strong trade data from China, the largest consumer, was offset by a ...
Published 14 Oct, 2020 03:33am
Rupee loses 5 paisas against US dollar
Exchange

Rupee loses 5 paisas against US dollar

  • In interbank trading, the price of euro depreciated by 36 paisas and closed at Rs. 193.14 against the last day’s trading of Rs. 193.50, State Bank of Pakistan reported.
Published 13 Oct, 2020 06:24pm
Aussie, kiwi down
Stocks

Aussie, kiwi down

SYDNEY: The Australian and New Zealand dollars were lower on Monday, reversing some of the previous week's gains as...
Published 13 Oct, 2020 02:45am
Japan stocks lower
Stocks

Japan stocks lower

TOKYO: Japanese stocks fell on Monday as concerns about upcoming corporate earnings reports prompted some investors...
Published 13 Oct, 2020 02:45am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 13 Oct, 2020 02:45am
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 Oct, 2020 02:45am
Circular debt
Currency

Circular debt

EDITORIALS: Energy sector's circular debt has reached 2.3 trillion rupees against 1.2 trillion rupees inherited by...
Published 13 Oct, 2020 02:45am
Mexican peso falls; Latam currencies subdued in thin trading
Forex

Mexican peso falls; Latam currencies subdued in thin trading

  • The peso fell for the first time in four sessions, sliding 0.4% as industrial output rose 3.3% in August, less than half of July's figure.
  • Mexican Industry expanded less in August than in previous months as the country's recovery from a coronavirus shutdown slows.
Updated 13 Oct, 2020 01:53am
Rupee strengthens against US dollar
Exchange

Rupee strengthens against US dollar

  • In interbank trading, the price of euro appreciated by 13 paisas and closed at Rs. 193.50 against the last day’s trading of Rs. 193.37, State Bank of Pakistan reported.
Published 12 Oct, 2020 06:08pm
Honeymoon period over?
Exchange

Honeymoon period over?

If surveys are any indication then the ruling Pakistan Tehrik-i-Insaaf’s (PTI) honeymoon period during which...
Published 12 Oct, 2020 02:58am
Positive trend witnessed
Exchange

Positive trend witnessed

KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on Oct 09, due to buying...
Published 12 Oct, 2020 02:58am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. ((October 5 to ...
Published 12 Oct, 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. (September 1 to...
Published 12 Oct, 2020 02:58am
SBP responds to FAQs on FCY accounts rules
Currency

SBP responds to FAQs on FCY accounts rules

  • Protection of Economic Reforms Act-1992 (PERA) was amended in 2018. The amendments made in PERA included, inter alia, that federal government may make rules governing deposits into and withdrawals from the foreign currency accounts.
Published 11 Oct, 2020 08:52pm
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 Oct, 2020 03:02am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 10 Oct, 2020 03:02am
Umrah resumption
Exchange

Umrah resumption

EDITORIAL: Muslims all over the world have one more reason to be happy as authorities of the Kingdom of Saudi Arabia...
Published 10 Oct, 2020 03:02am
South Sudan to change currency to improve economy
Currency

South Sudan to change currency to improve economy

  • The cabinet has decided that the current currency should be changed....This is to improve our economic situation.
  • The country's currency is the South Sudanese pound, adopted when the country gained independence from Sudan in 2011 after a long civil war.
Published 10 Oct, 2020 12:29am
Rupee weakens against US dollar
Exchange

Rupee weakens against US dollar

  • In interbank trading, the price of euro appreciated by 74 paisas and closed at Rs. 193.37 against the last day’s trading of Rs. 192.63, State Bank of Pakistan reported.
Published 09 Oct, 2020 07:27pm
European stocks rise on solid retail earnings, commodity jump
Stocks

European stocks rise on solid retail earnings, commodity jump

  • "Overall, there is a risk that market sentiment could easily turn sour in the short-term given the uncertainty related to the US election and Brexit as well as rising COVID-19 cases and fears of broader lockdowns," analysts at Unicredit wrote in a note.
Published 09 Oct, 2020 04:44pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 09 Oct, 2020 02:37am
Wall Street rises
Stocks

Wall Street rises

NEW YORK: US stocks closed sharply higher on Wednesday as investors regained hope that at least a partial deal on...
Published 09 Oct, 2020 02:37am
Japanese shares up
Stocks

Japanese shares up

TOKYO: Japanese shares closed higher on Thursday, following an upbeat Wall Street session overnight, as hopes for a...
Published 09 Oct, 2020 02:37am
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 09 Oct, 2020 02:37am
Palm oil remains higher
Commodities

Palm oil remains higher

KUALA LUMPUR: Malaysian palm oil futures rose for a fourth straight day on Thursday as supply concerns due to wider...
Published 09 Oct, 2020 02:37am
South Africa rand inches firmer on US stimulus hopes
Forex

South Africa rand inches firmer on US stimulus hopes

  • There has been a tentative improvement in risk appetite overnight after US President Trump posted a number of tweets suggesting he was once again open to piecemeal fiscal stimulus measures.
  • In fixed income, the yield on the benchmark government bond due in 2030 was 2 basis points higher at 9.555%..
Published 09 Oct, 2020 12:56am
Rupee gains 25 paisas against dollar
Exchange

Rupee gains 25 paisas against dollar

  • In interbank trading, the price of euro depreciated by 23 paisas and closed at Rs. 192.63 against the last day’s trading of Rs. 192.86, State Bank of Pakistan reported.
Published 08 Oct, 2020 07:08pm
Key takeaways from the vice-presidential debate
Exchange

Key takeaways from the vice-presidential debate

  • After last week’s calamitous Presidential debate, the Vice Presidential debate was poised to provide a more policy-oriented counterweight, with Kamala Harris and Joe Biden attempting to clarify their starkly contrasting policies amongst a surge in political misinformation.
Updated 08 Oct, 2020 03:44pm
Basmati: what is at stake?
Currency

Basmati: what is at stake?

Last week, BR Research covered the gaps in local Geographical Indications framework and its implementation that ...
Updated 08 Oct, 2020 02:54pm
Ittehad Chemicals Limited
Currency

Ittehad Chemicals Limited

Ittehad Chemicals Limited (PSX: ICL) was established in 1962 by the name of United Chemcials.it later became Ittehad...
Published 08 Oct, 2020 08:21am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 08 Oct, 2020 02:54am
Japan shares little changed
Stocks

Japan shares little changed

TOKYO: Japanese shares ended little changed on Wednesday, as fears of a slower economic recovery from the ...
Published 08 Oct, 2020 02:54am
WACOG: A solution? — I
Exchange

WACOG: A solution? — I

Local gas resources are dwindling and gas demand is increasing continuously creating need for expensive imported ...
Published 08 Oct, 2020 02:54am
Palm oil moves higher
Commodities

Palm oil moves higher

KUALA LUMPUR: Malaysian palm oil futures ended nearly 2% higher on Wednesday, rising for a third straight session as...
Published 08 Oct, 2020 02:54am
Copper prices jump
Commodities

Copper prices jump

LONDON: Copper jumped on Wednesday as expectations of improving growth and robust demand boosted sentiment and...
Published 08 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 08 Oct, 2020 02:54am
Pakistan Cables Limited
Currency

Pakistan Cables Limited

Pakistan Cables Limited (PSX: PCAL) was established in 1953 as a private limited company but soon in 1955, it was...
Published 07 Oct, 2020 08:22am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 07 Oct, 2020 02:54am
Palm oil jumps over 3pc
Commodities

Palm oil jumps over 3pc

KUALA LUMPUR: Malaysian palm oil futures climbed more than 3% on Tuesday, tracking gains in rival soyaoil and ...
Published 07 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 07 Oct, 2020 02:54am
GE receives notice from US regulator of possible civil action
Exchange

GE receives notice from US regulator of possible civil action

  • In a regulatory filing, the US industrial conglomerate said the issues the regulator could pursue relate to the company's run-off insurance operations.
  • GE has fully cooperated with the SEC's investigation related to past reserve practices at our run-off insurance subsidiary.
Published 07 Oct, 2020 01:37am
Taliban, Afghan negotiators set ground rules to safeguard peace talks
Exchange

Taliban, Afghan negotiators set ground rules to safeguard peace talks

  • Firming up code of conduct was extremely crucial as it proves that both sides are willing to continue talks even as we see that violence has not reduced on the ground.
  • The discussion over the rules and procedures is not yet completed and there are issues that need to be further finalised and therefore more work needs to be done.
Published 07 Oct, 2020 12:44am
Rupee strengthened against US dollar
Exchange

Rupee strengthened against US dollar

  • In interbank trading, the price of euro appreciated by 17 paisas and closed at Rs. 193.08 against the last day’s trading of Rs. 192.91, State Bank of Pakistan reported.
Published 06 Oct, 2020 06:16pm
National Foods Limited
Currency

National Foods Limited

National Foods Limited (PSX: NATF) was established as a private limited company in 1970. It was later converted into...
Published 06 Oct, 2020 07:16am
Copper prices fall
Commodities

Copper prices fall

LONDON: Copper prices fell on Monday as signs of weakening demand outweighed the positive mood on wider markets ...
Published 06 Oct, 2020 03:00am
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 Oct, 2020 03:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 06 Oct, 2020 03:00am
Malaysian palm oil rises
Commodities

Malaysian palm oil rises

KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, tracking soyaoil gains and a rebound in oil prices,...
Published 06 Oct, 2020 03:00am
Analysing the Roshan Digital Accounts
Mutual Funds

Analysing the Roshan Digital Accounts

The launching of the Roshan Digital Accounts is a very good initiative and the State Bank must ensure that this turns out to be a success. In order to resolve the issues that are being faced by the NPRs, State Bank needs to improve their communication strategy so that all the concerns are addressed.
Updated 05 Oct, 2020 03:39pm
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 28 to...
Published 05 Oct, 2020 02:38am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 03 Oct, 2020 02:45am
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 Oct, 2020 02:45am
US natgas falls with crude after Trump tests positive for coronavirus
Energy

US natgas falls with crude after Trump tests positive for coronavirus

  • Front-month gas futures on the New York Mercantile Exchange (NYMEX) fell 8.9 cents, or 3.5%, to settle at $2.438 per million British thermal units.
  • The cash market's depressed trading signals a broader weakness that will need to be mitigated before NYMEX trading can strengthen.
Published 03 Oct, 2020 01:48am
Rupee continues bullish trend
Exchange

Rupee continues bullish trend

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 80 paisas and closed at Rs. 192.75 against the last day’s trading of Rs. 193.55.
Published 02 Oct, 2020 07:48pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 02 Oct, 2020 02:30am
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 02 Oct, 2020 02:30am
Forex reserves down $369m
Exchange

Forex reserves down $369m

KARACHI: The country's total liquid foreign exchange reserves fell by $369 million in a week due to external debt...
Updated 02 Oct, 2020 02:58am
Rupee gains 70 paisas against dollar
Exchange

Rupee gains 70 paisas against dollar

  • However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs. 165.1 and Rs. 165.8 respectively.
Published 01 Oct, 2020 05:04pm
OGDCL in FY20 - a slow year
Exchange

OGDCL in FY20 - a slow year

FY20 hs been a slow year for the oil and gas exploration and production sector where crashing oil prices along with...
Published 01 Oct, 2020 08:49am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 01 Oct, 2020 02:58am
Copper rebounds
Commodities

Copper rebounds

LONDON: Copper prices rebounded on Wednesday on strong economic data from top metals consumer China and the United...
Published 01 Oct, 2020 02:58am
Malaysian palm oil falls
Commodities

Malaysian palm oil falls

JAKARTA: Malaysian palm oil fell on Wednesday, sliding for a second day, and was set to end September with a small...
Published 01 Oct, 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 01 Oct, 2020 02:58am
Mounting debt
Currency

Mounting debt

EDITORIAL: The Ministry of Finance while briefing the cabinet on the overall picture of the country’s debt ...
Published 01 Oct, 2020 02:58am
Dollar ticks up in Europe
Currency

Dollar ticks up in Europe

LONDON: The dollar ticked up in Europe on Wednesday, recovering some losses after a two-day fall, as traders weighed...
Published 01 Oct, 2020 02:58am
Turkish lira rebounds
Currency

Turkish lira rebounds

ISTANBUL: The lira firmed 1% against the dollar on Wednesday, rebounding from a record low after Turkey unveiled an...
Published 01 Oct, 2020 02:58am
Copper rebounds on upbeat Chinese and US economic data
Commodities

Copper rebounds on upbeat Chinese and US economic data

  • Copper fluctuated between modest losses and gains in early trade but climbed after the US payrolls data was released.
  • The data overnight shows China is clearly improving, but at the same time so has the data in terms of available copper stocks over the past few days.
Published 30 Sep, 2020 11:52pm
Tunisia central bank cuts key interest rate by 50 bps to 6.25pc
Exchange

Tunisia central bank cuts key interest rate by 50 bps to 6.25pc

  • It is the only second time the bank has lowered borrowing costs since 2011 nd follows a 100 basis point rate cut in March responding to the coronavirus outbreak.
  • Foreign investment decreased by 14 percent in the first half of this year, to 1.1 billion Tunisian dinars ($398 million).
Published 30 Sep, 2020 11:40pm
Bayer to cut more than 1.5bn euros in costs
Exchange

Bayer to cut more than 1.5bn euros in costs

  • The cash flow freed up would be allocated for investments in further innovation, profitable growth opportunities and debt reduction.
  • Bayer said it expects 2021 sales to be about the same as in 2020, despite significant headwinds from COVID-19.
Published 30 Sep, 2020 11:27pm
Rupee gains 18 paisas against dollar
Exchange

Rupee gains 18 paisas against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro appreciated by 60 paisas and closed at Rs. 194.33 against the last day’s trading of Rs. 193.73.
Published 30 Sep, 2020 04:55pm
Dollar ticks up after Trump/Biden debate
Forex

Dollar ticks up after Trump/Biden debate

  • The dollar index against a basket of currencies crept above the 94 mark, after two days of losses that followed the dollar reaching a two-month high last week.
Published 30 Sep, 2020 04:47pm
Hub Power Company Limited
Currency

Hub Power Company Limited

Hub Power Company Limited (PSX: HUBC) is an independent power producer (IPP) that has over 1600MW combined installed...
Published 30 Sep, 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 30 Sep, 2020 02:42am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 30 Sep, 2020 02:42am
Palm oil falls
Commodities

Palm oil falls

JAKARTA: Malaysian palm oil futures reversed from early gains to close lower on Tuesday as an upcoming week-long...
Published 30 Sep, 2020 02:42am
Tokyo rubber down
Commodities

Tokyo rubber down

TOKYO: Japanese rubber futures fell for the first time in four days on Tuesday after the World Bank forecast the...
Published 30 Sep, 2020 02:42am
Paris wheat eases before US data, Russian market underpins
Commodities

Paris wheat eases before US data, Russian market underpins

  • A sharp rise in the euro against the dollar also curbed trade on Euronext although tensions in the Russian market continued to underpin prices, traders said.
  • Benchmark December milling wheat on the Paris-based exchange settled down 1.0 euro or 0.5% at 192.25 euros ($225.72) a tonne.
Published 30 Sep, 2020 01:28am
Rupee gains one paisa against dollar
Exchange

Rupee gains one paisa against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro appreciated by 63 paisas and closed at Rs. 193.73 against the last day’s trading of Rs. 193.10.
Published 29 Sep, 2020 06:35pm
SU, SNU ink agreement
Exchange

SU, SNU ink agreement

HYDERABAD: Sindh University (SU)'s Area Study Centre (ASC) has inked a memorandum of understanding (MoU) with the...
Published 29 Sep, 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 29 Sep, 2020 02:57am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 29 Sep, 2020 02:57am
Nikkei surges
Stocks

Nikkei surges

TOKYO: Japanese shares closed higher on Monday following bigger appetite for stocks that were set to go ex-dividend...
Published 29 Sep, 2020 02:57am
SBP's economic outlook
Exchange

SBP's economic outlook

The latest Monetary Policy Statement of the SBP was released a few days ago. The Statement is positive in nature....
Published 29 Sep, 2020 02:57am
Malaysian palm oil flat
Commodities

Malaysian palm oil flat

JAKARTA: Malaysian palm oil futures ended unchanged on Monday as gains stemming from supply concerns after Malaysia...
Published 29 Sep, 2020 02:57am
Tokyo rubber climbs
Commodities

Tokyo rubber climbs

TOKYO: Japanese rubber futures closed at the highest in more than three weeks on Monday after data released over the...
Published 29 Sep, 2020 02:57am
Copper gains
Commodities

Copper gains

LONDON: Copper prices firmed on Monday as expectations of robust demand from top consumer China supported sentiment,...
Published 29 Sep, 2020 02:57am
GM will repay $28mn to Ohio in tax incentives after closing plant
Exchange

GM will repay $28mn to Ohio in tax incentives after closing plant

  • GM's agreement with the Ohio Tax Credit Authority also requires the Detroit automaker to pay $12 million for "community support programs" in the Mahoning Valley.
  • GM said in a statement the authority had recognized "GM's substantial manufacturing presence across the state of Ohio."
Published 28 Sep, 2020 10:54pm
Rupee slides against dollar
Exchange

Rupee slides against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 12 paisas and closed at Rs. 193.10 against the last day’s trading of Rs. 193.22.
Published 28 Sep, 2020 06:29pm
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 21 to...
Published 28 Sep, 2020 03:07am
Dr Abdullah due today
Exchange

Dr Abdullah due today

ISLAMABAD: The High Council for National Reconciliation (HCNR) of Afghanistan chairman Dr Abdullah Abdullah is...
Published 28 Sep, 2020 03:07am
Diplomacy: economy first
Exchange

Diplomacy: economy first

Last week, the PM decided to constitute an 'Economic Outreach Apex Committee' headed by Dr Moeed Yousaf. This could...
Updated 27 Sep, 2020 02:56am
Shehbaz meets Hamza in jail
Exchange

Shehbaz meets Hamza in jail

LAHORE: Pakistan Muslim League Nawaz (PML-N) President, Shehbaz Sharif met his son, Hamza Shehbaz, at Kot Lakhpat...
Published 27 Sep, 2020 02:33am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 26 Sep, 2020 02:40am
Copper prices steady
Commodities

Copper prices steady

LONDON: Copper prices steadied on Friday after hitting one-month lows in the previous session as the market waited...
Published 26 Sep, 2020 02:40am
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 Sep, 2020 02:40am
Turkish rate hike needs follow through for real game change
Currency

Turkish rate hike needs follow through for real game change

  • It was a bold move by the CBT which should restore credibility and improve investor sentiment.
  • "The rate needs to be 100 or 200 basis points above inflation - then we can get much more structurally constructive on the lira," Tatha Ghose, FX & EM analyst at Commerzbank, said.
Published 25 Sep, 2020 11:43pm
Losses mount for BYCO
Currency

Losses mount for BYCO

Byco Petroleum Limited’s (PSX: BYCO) overall losses took a further dive in FY20 - 44 percent year-on-year to be...
Published 25 Sep, 2020 08:20am
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 25 Sep, 2020 02:45am
Copper prices tumble
Commodities

Copper prices tumble

LONDON: Copper fell to a one-month low on Thursday as the US dollar strengthened, sapping demand for commodities...
Published 25 Sep, 2020 02:45am
Tokyo rubber rises
Commodities

Tokyo rubber rises

TOKYO: Japan rubber futures rose on Thursday as fears over tighter supply prompted fresh buys after an industry ...
Published 25 Sep, 2020 02:45am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 25 Sep, 2020 02:45am
Palm oil drops
Commodities

Palm oil drops

KUALA LUMPUR: Malaysian palm oil futures plunged 3.6% on Thursday to a near four-week low, as weaker rival oils,...
Published 25 Sep, 2020 02:45am
Forex reserves down $55m
Exchange

Forex reserves down $55m

KARACHI: The country's total liquid foreign exchange reserves declined by $55 million to stand at $19.9 billion at...
Updated 25 Sep, 2020 03:09am
Rupee recovers 26 paisas against dollar
Exchange

Rupee recovers 26 paisas against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 87 paisas and closed at Rs. 193.51 against the last day’s trading of Rs. 194.38.
Published 24 Sep, 2020 05:18pm
FDI needs a jolt
Exchange

FDI needs a jolt

Getting a theme or trend in foreign direct investment these days is difficult; the last few months have been chaotic...
Published 24 Sep, 2020 08:34am
NetSol: wither profits
Exchange

NetSol: wither profits

FY20 was not impressive for the leading Lahore-based software house. As per its latest financials sent to the bourse...
Published 24 Sep, 2020 08:32am
Support on Kashmir
Exchange

Support on Kashmir

Prime Minister Imran Khan forcefully exposed Indian atrocities in the Indian Occupied Kashmir (IOK) at the annual...
Published 24 Sep, 2020 02:47am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 24 Sep, 2020 02:47am
Japan rubber futures fall
Commodities

Japan rubber futures fall

TOKYO: Japanese rubber futures fell almost 3 percent, dropping from a near three-week high hit last week, after data...
Published 24 Sep, 2020 02:47am
Copper prices plummet
Commodities

Copper prices plummet

LONDON: Copper prices fell sharply on Wednesday as the dollar strengthened, and the slowing pace of the metal’s...
Published 24 Sep, 2020 02:47am
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 Sep, 2020 02:47am
Wall Street rises
Stocks

Wall Street rises

NEW YORK: Wall Street stocks rebounded on Tuesday, led by a jump in Amazon.com, even as a likely delay in new fiscal...
Published 24 Sep, 2020 02:47am
Rupee stable against dollar
Exchange

Rupee stable against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 78 paisas and closed at Rs. 194.38 against the last day’s trading of Rs. 195.16.
Published 23 Sep, 2020 06:33pm
Coping with COVID-19: The Pakistan Experience
Currency

Coping with COVID-19: The Pakistan Experience

Center for Global Development (CGDev) in partnership with the Consortium for Development Policy Research (CDPR) organized a webinar, ‘Coping with COVID-19: The Pakistan Experience,’ bringing together a panel of experts to discuss Pakistan’s experience with COVID-19, its impact on the country’s health sector and economy, and the lessons learned from the evolving national response. It also explored the impact of social safety nets and digital ID systems on the pandemic response and recovery.
Published 23 Sep, 2020 05:14pm
Exporters’ energy woes
Exchange

Exporters’ energy woes

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown its dismay and surprise on the...
Published 23 Sep, 2020 07:39am
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 23 Sep, 2020 02:48am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 23 Sep, 2020 02:48am
Palm oil slips
Commodities

Palm oil slips

KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Tuesday, tracking a sharp drop in Dalian oil prices,...
Published 23 Sep, 2020 02:48am
Copper prices bounce
Commodities

Copper prices bounce

LONDON: Copper prices rebounded on Tuesday as investors took advantage of a pull-back from two-year highs and as...
Published 23 Sep, 2020 02:48am
South Africa's rand recovers after sell-off, stocks slide
Forex

South Africa's rand recovers after sell-off, stocks slide

  • The recent price fluctuations within the USD/ZAR pair shows how sensitive the ZAR has been along with other emerging market currencies are to global risk sentiment.
  • Bonds weakened with the yield on benchmark 2030 government paper up 10 basis points to 9.415%.
Published 22 Sep, 2020 11:03pm
TSX rises at open on oil boost
Stocks

TSX rises at open on oil boost

  • At 9:32 a.m. ET (1332 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 72.98 points, or 0.46%, at 16,054.75.
Published 22 Sep, 2020 07:34pm
Rupee gains 07 paisas against dollar
Exchange

Rupee gains 07 paisas against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by Rs. 1.02 and closed at Rs. 195.16 against the last day’s trading of Rs. 196.18.
Published 22 Sep, 2020 05:52pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 22 Sep, 2020 02:39am
Goodbye to easing
Exchange

Goodbye to easing

Policy rate remains unchanged. Between the lines, SBP has communicated that the easing cycle is over. Earlier, signs...
Updated 22 Sep, 2020 03:12am
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 22 Sep, 2020 02:39am
GM, Bosch stick with Nikola alliances despite Milton's exit
Exchange

GM, Bosch stick with Nikola alliances despite Milton's exit

  • Nikola founder Trevor Milton, whose company become a darling of the stock market over the summer.
  • Milton has fought back, even after the US Securities and Exchange Commission and the Department of Justice said they were looking into the company.
Published 21 Sep, 2020 11:48pm
Iran says it is ready to swap all prisoners with US
Exchange

Iran says it is ready to swap all prisoners with US

  • Washington has long demanded that Iran release US citizens including Iranian-American father and son Baquer and Siamak Namazi, who it says are political prisoners.
  • Tehran denies it holds people for political reasons and has accused many of the foreigners in its jails of espionage.
Published 21 Sep, 2020 11:28pm
Rupee loses 46 paisas against dollar
Exchange

Rupee loses 46 paisas against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 45 paisas and closed at Rs. 196.18 against the last day’s trading of Rs. 196.63.
Published 21 Sep, 2020 05:12pm
Iran's rial hits record low
Stocks

Iran's rial hits record low

DUBAI: The Iranian rial fell to a record low against the US dollar on the unofficial market on Sunday, a day after...
Published 21 Sep, 2020 03:09am
Index remains volatile
Exchange

Index remains volatile

KARACHI: Pakistan Stock Exchange remained under selling pressure as the investors opted to book profit during the...
Published 21 Sep, 2020 03:09am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (September 14 to...
Published 21 Sep, 2020 03:09am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 19 Sep, 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 19 Sep, 2020 02:44am
Fitch's warning
Currency

Fitch's warning

EDITORIAL: International ratings agency Fitch's warning that a coming squeeze in remittances to some Asian countries...
Published 19 Sep, 2020 02:44am
TSX gains on strong retail sales data
Stocks

TSX gains on strong retail sales data

  • Husky Energy fell 2.8%, the most on the TSX, while Seven Generations Energy followed closely behind with a 2.1% fall.
  • The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures rose 0.5% to $1,950.2 an ounce.
Published 18 Sep, 2020 07:46pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 18 Sep, 2020 02:59am
Japan stocks fall
Stocks

Japan stocks fall

TOKYO: Japanese stocks fell on Thursday, dragged lower by major exporters after the US Federal Reserve's pledge to...
Published 18 Sep, 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 18 Sep, 2020 02:59am
Copper prices steady
Commodities

Copper prices steady

LONDON: Copper prices were steady in choppy trade on Thursday as high levels of US unemployment took the steam out ...
Published 18 Sep, 2020 02:59am
TSX drops as high unemployment fuels recovery fears
Stocks

TSX drops as high unemployment fuels recovery fears

  • Canada lost 205,400 jobs in August, as hiring tumbled in the construction, and trade, transportation and utilities sectors.
  • The energy sector dropped 2.0% as US crude prices were down 0.9% a barrel, while Brent crude lost 0.6%.
Published 17 Sep, 2020 08:16pm
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 17 Sep, 2020 02:30am