The Karachi share market ended negative Friday losing another 212.58 points or 0.63 percent, weighed mainly by profit-taking in oil and gas sector. The benchmark KSE-100 index closed at 33,530.30 points compared to Thursday's 33,742.88, the day's lowest.
The Karachi share market ended negative Friday losing another 212.58 points or 0.63 percent, weighed mainly by profit-taking in oil and gas sector. The benchmark KSE-100 index closed at 33,530.30 points compared to Thursday's 33,742.88, the day's lowest.
National Assembly''s Standing Committee on Industries and Production on Friday unanimously decided to send the case of billions of rupees sugar subsidy approved by ECC in 2012 to National Accountability Bureau (NAB) after both the Ministry of Commerce (Mo
National Assembly's Standing Committee on Industries and Production on Friday unanimously decided to send the case of billions of rupees sugar subsidy approved by ECC in 2012 to National Accountability Bureau (NAB) after both the Ministry of Commerce (MoC
National Assembly's Standing Committee on Industries and Production on Friday unanimously decided to send the case of billions of rupees sugar subsidy approved by ECC in 2012 to National Accountability Bureau (NAB) after both the Ministry of Commerce (MoC
Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has written a letter to Prime Minister Nawaz Sharif with a view to drawing his attention to the recent "unjust" and "discriminatory" decision, against Pakistan Administrative Service
Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has written a letter to Prime Minister Nawaz Sharif with a view to drawing his attention to the recent "unjust" and "discriminatory" decision, against Pakistan Administrative Service
British Prime Minister David Cameron won a stunning election victory on Friday, confounding forecasts that the vote would be the closest in decades and winning a clear majority that left his Labour opponents in tatters. The sterling currency, bonds and sh
British Prime Minister David Cameron won a stunning election victory on Friday, confounding forecasts that the vote would be the closest in decades and winning a clear majority that left his Labour opponents in tatters. The sterling currency, bonds and sh
Norway expressed "great sadness" over the death on Friday of its ambassador to Pakistan in a helicopter crash claimed by the Taliban. Leif Larsen, 61, was "one of our best and most experienced diplomats" who was "very respected by his colleagues," Foreign
Norway expressed "great sadness" over the death on Friday of its ambassador to Pakistan in a helicopter crash claimed by the Taliban. Leif Larsen, 61, was "one of our best and most experienced diplomats" who was "very respected by his colleagues," Foreign
Foreign Secretary Aizaz Ahmed Chaudhry has ruled out any possibility of terrorism in Naltar tragedy and said the crash occurred due to technical failure of the helicopter engine whereas 12 people out of 19 onboard were rescued. Addressing a news conferenc
Foreign Secretary Aizaz Ahmed Chaudhry has ruled out any possibility of terrorism in Naltar tragedy and said the crash occurred due to technical failure of the helicopter engine whereas 12 people out of 19 onboard were rescued. Addressing a news conferenc
A military helicopter carrying diplomats to inspect a tourism project crashed on Friday killing seven people, including the ambassadors of Norway and the Philippines and the wives of the Malaysian and Indonesian ambassadors. Prime Minister Nawaz Sharif wa
A military helicopter carrying diplomats to inspect a tourism project crashed on Friday killing seven people, including the ambassadors of Norway and the Philippines and the wives of the Malaysian and Indonesian ambassadors. Prime Minister Nawaz Sharif wa
ICE cotton futures rebounded on Friday from a two-week low hit the prior session, as a report showing job growth in the United States raised optimism about the economy, supporting most commodities. "If you're putting new jobs into the marketplace, that's
The most-traded July copper contract on the Shanghai Futures Exchange edged up 0.2 percent to 45,880 yuan ($7,389.63) a tonne on Friday after weaker-than-expected China trade data fanned hopes of further stimulus, with an upcoming US jobs report also in f
Copper was softer on Friday, but signs of robust demand from top consumer China helped support prices, while the tin market focussed on expectations of tighter supplies due to Indonesian export cuts. Three-month copper on the London Metal Exchange was unt
Benchmark Tokyo rubber futures inched higher on Friday, after falling earlier in the session but scored their first weekly drop in four weeks due to profit-taking. The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery finished 0.3 yen,
Malaysian palm oil futures fell on Friday as traders squared positions before the weekend and as weakness in competing oils weighed, but Indonesia's approval of export levies lifted the benchmark to its biggest weekly gain since February. "The market has
US corn and soyabean futures fell on Thursday, pressured by forecasts for wet and warm weather in the Midwest that will foster early development of both crops in the coming weeks, traders said. Wheat futures also dropped after a sharp rally on Wednesday d
Raw sugar futures surged the most in four months on Friday on short-covering and a stronger Brazilian real, which erodes incentives for producers in the world's largest exporter to sell dollar-denominated sweetener, as arabica futures also rallied. Cocoa
Brent oil posted its first weekly loss in a month on Friday as the market fretted again about global oversupply while US crude rose for an eighth straight week, helped by jobs growth data and the first storm of the hurricane season forming. Crude prices h
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Gold extended losses into a second day on Thursday as a firm dollar and early strength in bond yields dented its investment appeal, and weighed also by uncertainty over the timing of a US interest rate increase. Spot gold was down 0.8 percent at $1,182.31
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Gold retained losses from the previous two sessions on Friday as equities and the dollar firmed, while traders awaited US nonfarm payrolls data to gauge the strength of the economy and its impact on the Federal Reserve's interest rate policy. Spot gold wa
Gold edged higher on Friday, snapping two days of losses, as revisions to US payrolls data supported speculation that the Federal Reserve may hold off raising interest rates in the immediate future. US job growth rebounded last month and the unemployment
US wheat futures rose on Friday, supported by results from an annual crop tour that projected below-average yields in Kansas, the top productions state for the grain, traders said. End-of-week short covering and some bargain buying following a 1.4 percent
Gold edged higher early on Friday, snapping two days of losses, as revisions to US payrolls data supported speculation that the Federal Reserve may hold off raising interest rates in the immediate future. US job growth rebounded last month and the unemplo
Clad in robes and pointed hats, would-be sorcerers wave their wands and cast spells as they hone their magic skills at their very own College of Wizardry. In scenes inspired by Hogwarts from the Harry Potter fantasy series, the students mix potions, tame
Bridge inculcates one to think logically. The cards always lie randomly silent if the opponents don't reveal them through their bidding. This makes the task of the declarer not an easy one. At times when the play dictates several options open for consider
The Cannes Film Festival will next week lift the curtain on 12 days of glamour, movies, deals and parties drawing the elite of the cinema world, from Hollywood honchos to arthouse auteurs. Under the Riviera sun - and high security - some of the industry's
He doesn't have Thor's hammer or Iron Man's suit, but that's not stopping Marvel's latest superhero from seeking justice in the seedy underbelly of Hell's Kitchen in Netflix Inc's first superhero series. "Marvel's Daredevil," which premiered all 13 episod
Action hero Arnold Schwarzenegger reveals his dramatic, tender side and sheds a few tears as a farmer struggling to care for his dying daughter in "Maggie," an unconventional zombie film. The drama spins a different take on the zombie genre, concentrating
You recently sold your old smartphone and now strange things suddenly start happening: bills arrive for online purchases you never made and your acquaintances receive emails you never wrote.
Anytime, day or night, no matter which way you look, it seems you'll see someone with a smartphone in their hand. Jesse Robbins and Greg Albrecht of San Francisco based company Orion wanted to find a way to give people their hands back.
The warm season of summer brings with it a variety of colourful fruits for you to enjoy and add to your good health. The one of the amazing, tasty and mouth watering fruit is mango. The fruit in its raw green form is full of vital vitamins and minerals. E
The world's largest hurricane simulator is now complete and experts hope it will improve forecasters' ability to predict how strong a storm will get, which has been a key weak spot for science until now. The $15 million wind and wave machine at the Univer
Gold, tourmaline and platinum are materials for fine jewellery, but the cosmetics industry is now using them in exclusive skin-care products. Valuable substances from the depths of the sea such as caviar or pearls can now be found in luxurious creams. Fin
Sports scientists and trainers used to regard muscle stretching as an all-round performance booster, helping to prevent injury and sore muscles, but scientific studies have failed to back up either of these alleged benefits, German experts say.
Khalil Chistee's sculptures showed his concerns about human being's understanding of mankind. He wanted people to get rid of their usual thinking pattern and think creatively that will slowly and gradually develop creative minds that will bring change in
The population and housing census is scheduled for March next year, 17 years after the last one was held, it was announced last week by the Pakistan Bureau of Statistics (PBS). The news should be taken with a large pinch of salt. A census is supposed to t
It was the winter of 1968-69 and I was posted as one of three additional deputy commissioners in Dacca (now Dhaka) in East Pakistan. The deputy commissioner was Khurshid Anwar, a very seasoned district officer of the CSP, whose duty it was to remain in cl
Walt Disney Co's quarterly revenue beat analysts' expectations, helped by increased spending by visitors at its theme parks and strength in the company's TV networks business. The company's shares rose as much as 2 percent to a record high of $113.30 in e
Colombian airline Avianca has confirmed its order for 100 A320neo family aircraft, the largest ever by a Latin American airline, in deal worth approximately $10 billion at catalogue prices, Airbus said Tuesday. The "largest single order ever made in Latin
Russian energy giant Gazprom announced Thursday that its new gas pipeline project Turkish Stream, supplying Russian gas to Turkey, will start operating in December next year. "An agreement has been reached on putting the Turkish Stream into service and st
General Motors Co said it is likely it will cease vehicle production in Venezuela in July as the automaker joins other US corporations in taking action to shield their profits from the South American country's volatile currency. GM has one plant in Venezu
KFC is poised to become the first major US fast food retailer in Myanmar, the company's local business partner announced Tuesday, as the long-isolated nation braces for an influx of international food outlets. The fried chicken retailer, one of the world'
Norwegian oil giant Statoil on Thursday said it fell deep into the red in the first quarter, owing mainly to writedowns on US assets including shale as well as plunging oil prices. In the first quarter, the company posted a net loss of 35.5 billion kroner
German semi-conductors giant Infineon on Tuesday raised its full-year sales targets on the back of the weaker euro and the first-time consolidation of US rival International Rectifier. "Based on an assumed exchange rate of $1.10 (as opposed to $1.20 previ
China has replaced the heads of its three biggest energy companies, the firms said in separate statements, as speculation mounts over reforms to the oil industry. China's Communist Party controls the management of the country's major state-owned enterpris
On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.592 billion. The number of lots traded was 14,264. PMEX Commodity Index closed at 2,662. Major business was contributed by crude oil amounting to PKR 1.651 billion followed by gold
US FOB Gulf corn basis offers were mostly steady on Thursday, underpinned by steady export demand and limited farmer selling, traders said. May offers were ill defined as some exporters were unwilling to quote prices amid uncertainty about near-term suppl
The Karachi Port handled 112,904 tonnes of cargo comprising 93,295 tonnes of import cargo and 19,609 tonnes of export cargo including 6,059 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 93,2
Corn and soyabean spot basis bids were mostly steady to higher around the US Midwest on Thursday, buoyed by an overall slow pace of farmer sales and good demand, especially from processors of the commodities, dealers said. Bids for each crop jumped at a c
China is expected to produce a record 232 million tonnes of corn in 2015/16, up 7.6 percent on year, as farmers expand acreage due to Beijing's high price stockpile policy, according to a forecast by an official think-tank issued on Thursday. The estimate
China, the world's top wheat consumer, will import 2 million tonnes of the grain in the 2015/16 crop year, up a third from the relatively low levels in the previous year, according to a forecast by an official think tank on Thursday. The country's output
US natural gas futures turned slightly lower on Thursday but remained within a few cents of unchanged on a storage build that was close to expectations. The US Energy Information Administration said utilities added 76 billion cubic feet of gas into storag
European wheat futures weakened on Thursday after a fall on US markets while front month May, the last contract for the current season, tumbled as much as 6 percent before its expiry on Monday. December milling wheat, the new-crop benchmark on Euronext, w
Ukraine is likely to export no more than 32 million tonnes of grain in the 2014/15 season, Agriculture Minister Oleksiy Pavlenko said on Thursday, lowering an earlier forecast that put exports at up to 37 million tonnes. In the (July-June) 2013/14 season,
Easier trend prevailed on the cotton market on Friday as mills entered into small deals of low varieties due to limited stock, dealers said. The official spot rate was lower by Rs 50 Rs 5350, dealers said. In the ready session, around 3000 bales changed h
ICE Canadian canola futures rose on Thursday, boosted by the weaker Canadian dollar. Overall planting in Saskatchewan, the biggest canola-growing province, is ahead of schedule. Canola seedings 8 percent complete. Most-active July canola added $1.30 to $4
Toyota said Friday its annual profit accelerated 19 percent to a record $18.1 billion as the world's biggest automaker capitalised on a weak yen and strong demand in North America, despite a damaging string of recalls. The company beat earlier forecasts w
Toyota said Friday its annual profit accelerated 19 percent to a record $18.1 billion as the world's biggest automaker capitalised on a weak yen and strong demand in North America, despite a damaging string of recalls. The company beat earlier forecasts w
UK engineering group Rolls-Royce warned on Friday that shifts in currency exchange rates could hit reported revenues this year but possibly not profits, maintaining its current forecast. The world's second-largest maker of aircraft engines after General E
UK engineering group Rolls-Royce warned on Friday that shifts in currency exchange rates could hit reported revenues this year but possibly not profits, maintaining its current forecast. The world's second-largest maker of aircraft engines after General E
Eurogroup chair Jeroen Dijsselbloem played down hopes of an imminent deal on Greece's debt, saying a meeting of finance ministers of the single currency on Monday was unlikely to be conclusive. "We need more time," the Dutch finance minister said after ta
Tunisia's state-run Gafsa Phosphate, its main exporter of the chemical, has suspended production after sit-in protests by unemployed youths demanding work halted deliveries, it said on Friday. Tunisia, once among the world's top phosphate exporters, has l