Karachi stocks peaked to record 36,156.83 points level Wednesday on the back of, what analysts said, investors' expectations for robust gains out of June quarter earnings. The otherwise volatile KSE-100 index added 235 points to Tuesday's 35,921.71 with r
Karachi stocks peaked to record 36,156.83 points level Wednesday on the back of, what analysts said, investors' expectations for robust gains out of June quarter earnings. The otherwise volatile KSE-100 index added 235 points to Tuesday's 35,921.71 with r
National Assembly Speaker Sardar Ayaz Sadiq telephoned Muttahida Qaumi Movement chief Altaf Hussain on Wednesday and requested him to withdraw his party's de-seating motion against Pakistan Tehreek-e-Insaf lawmakers. It was reported that the telephonic co
National Assembly Speaker Sardar Ayaz Sadiq telephoned Muttahida Qaumi Movement chief Altaf Hussain on Wednesday and requested him to withdraw his party's de-seating motion against Pakistan Tehreek-e-Insaf lawmakers. It was reported that the telephonic co
Prime Minister Nawaz Sharif has urged Jamiat Ulema-e-Islam (JUI-F) and Muttahida Qaumi Movement (MQM) to rescind their decisions and withdraw motions that the two parties have placed before the House for de-seating 28 Pakistan Tehreek-e-Insaf (PTI) legisl
Prime Minister Nawaz Sharif has urged Jamiat Ulema-e-Islam (JUI-F) and Muttahida Qaumi Movement (MQM) to rescind their decisions and withdraw motions that the two parties have placed before the House for de-seating 28 Pakistan Tehreek-e-Insaf (PTI) legisl
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 05, 2015).
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
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
The Securities and Exchange Commission of Pakistan (SECP) is taking vigorous steps for the promotion of micro-insurance market to enhance the insurance penetration and financial inclusion. It is being done in the wake of Micro-insurance Rules that were is
The Securities and Exchange Commission of Pakistan (SECP) is taking vigorous steps for the promotion of micro-insurance market to enhance the insurance penetration and financial inclusion. It is being done in the wake of Micro-insurance Rules that were is
Traders in the federal Capital did not observe the strike on Wednesday against the imposition of withholding tax on bank transactions, but vowed to continue their protest until the government will withdraw this tax.
The federal government has revised upward profit rates on National Savings Schemes for the investment made on or after August 1. The instant revision was made in the backdrop of current market scenario and in accordance with the government's policy to pro
Chairman Senate Raza Rabbani on Wednesday directed Senate standing committee on cabinet secretariat to hold a thorough probe into highhandedness of Capital Development Authority (CDA) officials, who allowed building sheltie houses on a land at I-11 that h
Pakistan Ordnance Factories (POF) and Oman Munition Production Company (OMPC) Sultanate of Oman inked a contract agreement to impart technical training to 20 Omani technical operators. Arif Saeed Qazi A/Director Exports POF and Brig Said Abdullah Ali Alha
Chairman Pakistan Sugar Mills Association (PSMA) Punjab Zone Javed Kayani has said that there are sufficient stocks of sugar available in the country and there is no possibility of shortage of sugar. While commenting on whether mills have curtailed supply
Dasu hydropower project will be completed by December 2020 and it would generate 2,160 MW per day. Minister of State for Petroleum and Natural Resources Jam Kamal informed the National Assembly during question hour that contract for the relocation of the
Member Provincial Assembly (MAP) Balochistan Assembly, Islam Baloch narrowly escaped in attempt on life here on Wednesday. Levies sources said that unidentified miscreants sprayed bullets on the vehicle of MPA Islam Baloch while he was heading to Quetta f
British Secretary of State for Defence Michael Fallon called on Chief of Army Staff (COAS), General Raheel Sharif, at General Headquarters (GHQ) here on Wednesday. The two high-ups discussed matters related to defence and security co-operation between Pak
Chief of Army Staff (COAS) General Raheel Sharif visited flood-hit areas in Chitral on Wednesday and directed the officials concerned to continue relief operation till flood recedes. Local military officers briefed the COAS about the floods.
One of the biggest names in the business, Gul Ahmed Textile Mills Limited was founded in 1953. Since its listing on the Karachi Stock Exchange in 1970, the company has amassed a whopping market capitalisation north of Rs11 billion, making it the largest t
One of the biggest names in the business, Gul Ahmed Textile Mills Limited was founded in 1953. Since its listing on the Karachi Stock Exchange in 1970, the company has amassed a whopping market capitalisation north of Rs11 billion, making it the largest t
In a latest development, the divisions in the Taliban ranks deepened as the head of the Taliban's Qatar-based political office has stepped down. His is, no doubt, a high-profile resignation within leadership ranks highlighting growing discord over the mov
The legal systems require application of moral values or good behaviour from individuals, community members and the groups active in society. The required behaviour should correspond to ethical standards of society. The absence of ethics gives rise to inc
It is hard to believe that the leader of a mainstream party could invite Nato and UN forces deployment in any part of this country. Unfortunately, that is what the MQM supremo Altaf Hussain did the other day while addressing his party workers in Dallas, T
That Tuesday's conference of Corps Commanders of Pakistan Army has warned the "detractors and spoilers" against sabotaging the Afghan peace talks is a development that clearly underscores the criticality of talks that are essential to obtaining a lasting
Expatriate Pakistanis are said to be queuing up for investment in Pakistan because they believe that the Pakistan Army will ensure implementation of China-Pakistan Economic Corridor (CPEC) and they feel Pakistan's economy would do well because of infrastr
Benchmark cotton on ICE Futures US fell for the second straight session on Tuesday, matching the prior session's low in light trading after the release of a weekly report on crop progress amid a sharply stronger US dollar. "It's just been drifting lower,"
Bidding requirements for the development of several Mexican oil and natural gas blocks have been relaxed in order to attract foreign investors, Mexico's National Hydrocarbons Commission has announced. The action follows disappointing results from the firs
Shanghai copper may retest resistance at 38,410 yuan per tonne as indicated by its wave pattern and a Fibonacci projection analysis. The metal could be riding on a wave C, the third wave of a three-wave cycle that developed from the July 28 low of 37,440
Copper and other base metals slipped on Wednesday as the dollar strengthened on expectations that US authorities were close to hiking interest rates. Losses were modest, however, after data showed activity in the services sector of China, the world's top
Oil prices hit multi-month lows on Wednesday after a surge in US gasoline stockpiles as the summer season, the country's biggest demand period for motor fuels, neared its end. Futures of Brent, the global oil benchmark, hit a six-month bottom while US cru
Indonesia's recent move to block imports of corn for feed mills will cause wholesale poultry and egg prices to rise at least 6 percent over the next month, the Indonesian Poultry Farmers Association said on Tuesday.s
Benchmark Tokyo rubber futures climbed on Wednesday, snapping three sessions of losses and recovering from a 6-1/2-month low hit the previous day, as bargain-hunting kicked in on the back of a softer yen and easing Chinese equities, dealers said. The Toky
Chicago soybean prices were supported by concerns about the US crop on Wednesday, while wheat rose on worry poor weather could reduce harvests in major exporter Australia. Corn was down after rising on bargain-buying after prices slid to a six-week low ea
Malaysian palm oil futures reversed gains to hit an 11-month low on Wednesday as worries about rising production and falling demand offset initial support from a weak currency and firmer comparative vegetable oils. By the close, the benchmark palm oil con
Brazil's 2015/16 coffee crop, which is now more than two-thirds harvested, will likely produce 20 percent to 30 percent less than a March forecast of 41 million to 43 million bags, coffee research foundation Procafe said.
Gold hovered near a 5-1/2-year low on Wednesday as the dollar strengthened after comments from a Federal Reserve official backed expectations that the US central bank would hike interest rates as early as next month. Atlanta Federal Reserve President Denn
Gold fell on Wednesday to hover near the recent 5-1/2 year low as the dollar firmed on US services sector data that revived expectations of a US interest rate rise as early as September. Spot gold was down 0.2 percent at $1,084.81 an ounce by 1431 GMT, wh
European rapemeal prices were lifted by a weak euro on Wednesday, while soymeal steadied on renewed concerns over soybean crops in the United States. EU rapemeal stocks on the European feeds and meals market rose between 1 euro and 6 euros per tonne, addi
Chicago Board of Trade wheat futures higher on Wednesday, rallying from early declines on technical buying after the September contract stayed above the previous day's low, traders said. Additional support from some private forecasts for hot and dry weath
On Tuesday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,069 million. The number of lots traded increased to PRK 21.98 million from 12.76 million, up by 72 percent.
Asia's naphtha crack extended gains to a reach near two-month high of $95.05 a tonne on Tuesday, supported by an easing supply glut. Firmer demand caused by a lack of cheap alternative feedstock liquefied petroleum gas (LPG) and possibly fewer European an
The value of India's gold imports could plunge over 18 percent to $28 billion this fiscal year due to lower prices and despite likely higher volumes, the head of the country's biggest gold refiner said, helping to narrow the trade deficit. Gold is India's
Export premiums for wheat and corn shipped from the US Gulf Coast were flat to lower on Tuesday, pressured by ample supplies and cheaper offerings out of the Black Sea region and South America, traders said. Quality concerns also weighed on demand in US s
US natural gas futures ended up 2.3 percent on Tuesday on forecasts for continued hot weather over the next two weeks, expected to keep power plant air conditioning demand high. Front-month gas futures on the New York Mercantile Exchange closed up 6.4 cen
Paris wheat futures edged higher in light trade on Tuesday to come off a six-week low, as a bounce in Chicago and wider commodity markets offset supply pressure from an advancing European harvest. December milling wheat, the most active contract on Eurone
The Karachi Port handled 193,460 tonnes of cargo comprising 163,626 tonnes of import cargo and 29,834 tonnes of export cargo including 6,100 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
The December vaida was up on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1300.50 and it opened with a gain of 50 paisa at Rs 1301.00, dealers said.
Prices came down on the cotton market on Wednesday as quality cautious buyers kept on the sidelines due to low quality, dealers said. The official spot rate was down by Rs 50 to Rs 4550, dealers said. Seed cotton prices in Sindh were at Rs 1700-2300, in P
ICE Canadian canola futures rose on Tuesday for the fifth straight session, its longest nearby winning streak since May, supported by short-covering and concerns about the crop in dry Alberta. Alberta government said late on Friday that while crop conditi
Spot iron ore prices climbed more than 4 percent to above $55 a tonne on expectations China's anti-smog efforts ahead of a big September event would push mills to produce more before the curbs are imposed. Beijing will limit the number of vehicles on the
Firmness prevailed on the wholesale grain market on Wednesday as most of the commodities held overnight levels in the process of trading, dealers said. On the cereals side, wheat new Bardan registered at Rs 3225 and Rs 3250 due to balanced demand and supp
New doping claims against athletics are a "declaration of war" on the sport, British Olympic great and International Association of Athletics Federations (IAAF) presidential candidate Sebastian Coe said on Wednesday.
The Pakistan Disabled Cricket Association (PDCA) will be announcing a 15-man squad next week for the Red Cross International Twenty-20 Tournament to be staged at Bangladesh in September. The series, which will be staged in Dhaka, Bangladesh, runs from 2nd
Reigning US Open champion Marin Cilic and runner-up Kei Nishikori advanced to the third round of the ATP and WTA Washington Open in hard-fought matches that finished early Wednesday morning. Japan's fifth-ranked Nishikori rallied to beat Australian James
A special court in India issued an arrest warrant Wednesday for exiled former cricket boss Lalit Modi over allegations of money laundering linked to a lucrative television deal, an official said.
Argentina winger Angel Di Maria said he is "delighted" to be joining French champions Paris-Saint Germain in an interview screened on BeIn Sports on Wednesday. The 27-year-old has yet to officially sign for the Qatari-backed Parisians ahead of a move from
Dropped Australian all-rounder Shane Watson says he has no plans to walk away from cricket and hasn't given up on a Test recall. The 34-year-old was axed after just one Test of the Ashes campaign against England in favour of young gun Mitchell Marsh after
Pakistan Television (PTV) Sports Cell on Wednesday said it would organize four different sports competitions to celebrate the Independence Day. PTV Managing Director XI will take on Director's XI in a cricket match on August 11 here at National Cricket Gr
After returning to the Premier League's top four, Manchester United have once again recruited extensively, but there are concerns about the balance of their squad ahead of the new season. Manager Louis van Gaal has spent around £77 million ($120 million,
Gareth Bale scored against former club Tottenham Hotspur as Real Madrid won 2-0 on Tuesday to set up a final against Bayern Munich in the pre-season Audi Cup friendly tournament in Germany. The Wales international was playing against Spurs for the first t
Durham quick Mark Wood is set to replace James Anderson in the England team for Thursday's potentially decisive fourth Ashes Test against Australia at Trent Bridge, according to skipper Alastair Cook. Anderson, England's all-time leading Test wicket-taker
World Cup winner James Faulkner said he was "deeply embarrassed and sorry" after being fined £10,000 ($15,650, 14,350 euros) on Wednesday and banned from driving for two years. The 25-year-old all-rounder, who was named man of the match in this year's Wor
The Bangladesh Cricket Board (BCB) is likely to send a security team to Pakistan next week for a proposed tour of the women's team later this year. The series has become a possibility due to efforts of Pakistan Cricket Board Chairman Shaharyar Khan, who v
Chief Selector Haroon Rasheed said on Wednesday downplayed the controversy surrounding exclusion of Sarfraz Ahmed in the recently concluded T20 series against Sri Lanka saying that there was nothing wrong if the wicketkeeper batsmen was given rest because
India's dominant services industry bounced back to growth in July, a private survey showed on Wednesday, but the improvement was modest and unlikely to change expectations that the central bank could cut interest rates again before year-end. For the first
The Nigerian president's sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country's waters has sown confusion in the operations of Africa's largest crude exporter. The edict directly from President Muhammadu Buha
Japanese services sector activity expanded in July at a slightly slower pace than the previous month, a survey showed on Wednesday, suggesting only a moderate rebound in the economy after an expected contraction in the second quarter. The Markit/Nikkei Ja
ANA Holdings Inc has won creditor backing to lead a turnaround of bankrupt Japanese discount carrier Skymark Airlines Inc, defeating a plan that proposed Delta Air Lines Inc as its sponsor.
Canada's long-suffering export sector snapped a five-month losing streak in June, showing the strongest surge in more than eight years and cutting the country's trade deficit significantly, Statistics Canada said on Wednesday. The trade shortfall for the
Indonesia's economic growth in the second quarter dropped to its slowest since 2009, with prices for commodity and energy exports remaining weak and President Joko Widodo unable to push badly needed infrastructure projects past bureaucratic snarls.
Media company Walt Disney Co on Tuesday posted record profit in the June quarter, but its revenue missed Wall Street expectations for the first time in two years and its shares fell more than 2 percent in extended trading.
Media company Walt Disney Co on Tuesday posted record profit in the June quarter, but its revenue missed Wall Street expectations for the first time in two years and its shares fell more than 2 percent in extended trading.