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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-20
Indonesia's Bulog to import 100,000 tonnes of corn

Indonesia's Bulog to import 100,000 tonnes of corn

Indonesia's Bulog will import 100,000 tonnes of corn this month, a director at the state food procurement agency said on Tuesday, in its first shipment of the maize in a decade. Southeast Asia's largest economy, which imports corn mainly from Argentina an
Published 20 Jan, 2016 12:00am
Indian oilseeds edge up in rangebound trade
Exchange

Indian oilseeds edge up in rangebound trade

Indian oilseeds edged up on Monday after trading rangebound for most part of the session, while sugar fell on profit-booking. The February soyabean contract on the National Commodity & Derivatives Exchange gained 0.77 percent to close at 3,793 rupees ($56
Published 20 Jan, 2016 12:00am
Indian mills to export 900,000 tonnes of sugar

Indian mills to export 900,000 tonnes of sugar

Indian sugar mills have contracted to export of 900,000 tonnes of the sweetener so far in the 2015/16 marketing season as factories in the world's second biggest producer try to trim their inventories, a leading trade body said on Tuesday. Out of the cont
Published 20 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 2.62 billion. The number of lots traded was 13.84 million. PMEX Commodity Index closed at 2,497. Major business was contributed by gold amounting to PKR 1.91 billion followed by crude
Published 20 Jan, 2016 12:00am
Vietnam's coffee trade slow, prices hit fresh low

Vietnam's coffee trade slow, prices hit fresh low

Trading in Vietnamese coffee has slowed on Tuesday after robusta futures prices hit a fresh low, while ample supply is expected to help loading of beans until a major festival next month, traders said. Vietnam, the world's largest robusta producer, has en
Published 20 Jan, 2016 12:00am
Bearish EU wheat takes breather in absence of US markets

Bearish EU wheat takes breather in absence of US markets

A weak euro and hopes of a solution to Egypt's export deadlock helped European wheat prices recover to end unchanged on Monday after hitting new contract lows on signs of strong competition from Argentine wheat. One of three ships due to deliver French wh
Published 20 Jan, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 101,295 tonnes of cargo comprising 71,210 tonnes of import cargo and 30,085 tonnes of export cargo including 3,364 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 71,
Published 20 Jan, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Deliveries were unmoved on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The January vaida closed at Rs 2151.20 and it showed no visible change in the morning session, they said. The March contract ended at 215
Published 20 Jan, 2016 12:00am
Volume of business improves on cotton market
Cotton

Volume of business improves on cotton market

Volume of business depicted a significant improvement on the cotton market on Tuesday due to fresh buying by mills, dealers said. The official spot rate held the overnight levels at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 a
Published 20 Jan, 2016 12:00am
Grams' prices fall on grain market
Cotton

Grams' prices fall on grain market

Grams prices declined on the wholesale grain market on Tuesday in the process of lean business, dealer said. On the grams side, gram Australian No 1 lost Rs 125 to Rs 8475, gram Australia Dall No 2 followed the same trend, losing Rs 100 to Rs 10000, gram
Published 20 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 20 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 20 Jan, 2016 12:00am
Brazil sugar mix from cane seen rising in 2016-17 season
Currency

Brazil sugar mix from cane seen rising in 2016-17 season

A greater share of Brazilian cane is expected to go to sugar in 2016/17 than in the previous season, providing a boost to tightening global supplies, with prices more remunerative for the sweetener than for cane-derived ethanol. Traders said the weakness
Published 20 Jan, 2016 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai copper rose 1.4 percent to 35,360 yuan ($5,374) a tonne, while most other metals contracts were up by 1 percent or more, with lead and nickel nearly 2 percent higher. But flagging further headwinds for metals demand, growth of investment in China
Published 20 Jan, 2016 12:00am
Copper jumps on relief over China data
Exchange

Copper jumps on relief over China data

Copper climbed on Tuesday to the highest level in over a week after data on Chinese economic growth soothed worries about a potential hard landing in the world's biggest metals consumer. Chinese GDP grew 6.8 percent in the fourth quarter, sparking short-c
Published 20 Jan, 2016 12:00am
Oil rebounds on record Chinese demand, oversupply caps gains

Oil rebounds on record Chinese demand, oversupply caps gains

Brent crude oil prices rebounded on Tuesday from 12-years lows after data showed Chinese oil demand likely hit a record high in 2015, but the recovery was not expected to last amid warnings that the market would stay oversupplied this year. Analysts also
Published 20 Jan, 2016 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures rose to a three-week high on Tuesday after weak quarterly economic data in China reinforced market hopes for new stimulus measures, boosting Shanghai stocks and the US dollar against the safe-haven yen. The Tokyo Commodity E
Published 20 Jan, 2016 12:00am
Palm oil recovers on lower output forecast
Vegetable Oil

Palm oil recovers on lower output forecast

Malaysian palm oil futures staged a turnaround on Tuesday to notch modest gains as traders grew bullish on more pronounced forecasts of lower production. The palm oil contract for April on the Bursa Malaysia Derivatives Exchange rose 0.3 percent to 2,477
Published 20 Jan, 2016 12:00am
Coffee hits 5-1/2 years low, cocoa firms
Exchange

Coffee hits 5-1/2 years low, cocoa firms

Robusta coffee futures fell to a 5-1/2-year low on Tuesday on ample supplies from top grower Vietnam while cocoa extended gains on strong European grind data and short-covering after data showed speculators sharply cut their bullish stance. Sugar futures
Published 20 Jan, 2016 12:00am
Gold steady in Asia

Gold steady in Asia

Gold steadied on Tuesday as equities rebounded after China's weakest economic growth in years fanned stimulus hopes, spurring investors towards risky assets. Chinese stocks surged, helping Asian equities shake off early losses to trade modestly higher. Da
Published 20 Jan, 2016 12:00am
Gold drops in Europe
Exchange

Gold drops in Europe

Gold fell on Tuesday as the dollar and equity markets rose after data showing China's weakest economic growth in years fanned stimulus hopes, spurring investors towards riskier assets. The world's second-biggest economy grew 6.8 percent in the fourth quar
Published 20 Jan, 2016 12:00am
Brazil coffee exports may dip mid-year

Brazil coffee exports may dip mid-year

Brazil's coffee exports could fall somewhat around mid-year due to an expected decline in stocks but overall exports in 2016 could be similar to 2015 if there is a strong harvest as expected, coffee export association Cecafe said on Tuesday. Brazil export
Published 20 Jan, 2016 12:00am
Cotton hits two-week high on sharpest rally in nearly two months
Cotton

Cotton hits two-week high on sharpest rally in nearly two months

Cotton futures saw their largest single-session gains in nearly two months on Monday, hitting a two-week high as a large drop in speculators' net short positions fuelled buying after prices approached technically oversold levels. "There was a big decline
Published 20 Jan, 2016 12:00am
US MIDDAY: corn, soya hit four-week highs

US MIDDAY: corn, soya hit four-week highs

US soyabean and corn futures firmed early on Friday, hitting four-week highs on concerns about rains slowing early soyabean harvest in Brazil and investor hopes of stimulus measures in China, traders said. Wheat futures also rose, following corn and soyab
Published 20 Jan, 2016 12:00am
US MIDDAY: gold steadies
Exchange

US MIDDAY: gold steadies

Gold steadied on Tuesday, as the dollar turned lower, US crude oil prices fell below $29 per barrel and US equity markets pared gains. Gold prices were weak for most of the session after fourth-quarter data showed that China had its slowest economic growt
Published 20 Jan, 2016 12:00am
Dreams of Brazil's youth fade as student loans cut

Dreams of Brazil's youth fade as student loans cut

About 3 million aspiring students in Brazil will find out this month whether they got one of just 230,000 places at a free public university. For many, this year there is no plan B. Sunk in its worst recession in decades and with its budget under strain,
Published 20 Jan, 2016 12:00am
Japan, China seek early economic talks, no date set

Japan, China seek early economic talks, no date set

Japanese Foreign Minister Fumio Kishida said on Tuesday Japan would work with China to set the timing for high-level economic dialogue, but denied a newspaper report that the two countries were negotiating to hold the talks this month. Japanese Prime Mini
Published 20 Jan, 2016 12:00am
Airlines to enjoy low fuel in 2016, costs under spotlight

Airlines to enjoy low fuel in 2016, costs under spotlight

Airlines can look forward to continuing low oil prices for at least this year, helping to boost profits and drive demand for travel, but need to be wary of a swift rebound and focus on staff costs, experts said at a conference on Monday. Low oil brings no
Published 20 Jan, 2016 12:00am
Dearth of Greek M&A activity may ease in 2016

Dearth of Greek M&A activity may ease in 2016

Greece suffered a dry spell in mergers and acquisitions last year, hurt by the government's stand-off with international lenders, but prospects may improve this year if privatisations proceed and all goes well with its pending bailout review. The value of
Published 20 Jan, 2016 12:00am
Dearth of Greek M&A activity may ease in 2016

Dearth of Greek M&A activity may ease in 2016

Greece suffered a dry spell in mergers and acquisitions last year, hurt by the government's stand-off with international lenders, but prospects may improve this year if privatisations proceed and all goes well with its pending bailout review. The value of
Published 20 Jan, 2016 12:00am
Suncor to buy Canadian Oil Sands for $4.55 billion

Suncor to buy Canadian Oil Sands for $4.55 billion

Canadian oil company Suncor will buy rival Canadian Oil Sands for Can$6.6 billion (US $4.55 billion) in stocks, the two announced Monday, ending a three-month stand-off. As part of the deal, Suncor agreed to raise its initial hostile bid from 0.25 to 0.28
Published 20 Jan, 2016 12:00am
J.P Morgan shuffles senior ranks at European investment bank

J.P Morgan shuffles senior ranks at European investment bank

J.P. Morgan has bolstered the senior management team at its European investment bank as it seeks to increase its advisory business amid a buoyant M&A market, according to a memo seen by Reuters on Monday. The Wall Street bank, which announced forecast-bea
Published 20 Jan, 2016 12:00am
Waste Connections to buy Canada's Progressive Waste for $2.67 billion

Waste Connections to buy Canada's Progressive Waste for $2.67 billion

US-based Waste Connections Inc is buying Canada's Progressive Waste Solutions Ltd for about $2.67 billion in a deal that will make the combination the third-biggest waste management services provider in North America. The all-stock deal, structured as a r
Published 20 Jan, 2016 12:00am
Waste Connections to buy Canada's Progressive Waste for $2.67 billion

Waste Connections to buy Canada's Progressive Waste for $2.67 billion

US-based Waste Connections Inc is buying Canada's Progressive Waste Solutions Ltd for about $2.67 billion in a deal that will make the combination the third-biggest waste management services provider in North America. The all-stock deal, structured as a r
Published 20 Jan, 2016 12:00am
Azerbaijan imposes foreign currency controls to defend manta
Exchange

Azerbaijan imposes foreign currency controls to defend manta

Azerbaijan imposed some limits on foreign currency outflows in a package of measures adopted by parliament on Tuesday to prop up the oil producer's depreciating manat currency. Rising prices for imported food have stirred protests rarely seen in a country
Published 20 Jan, 2016 12:00am
German investor morale slides

German investor morale slides

The mood among German analysts and investors deteriorated in January, a survey showed on Tuesday as the ZEW think tank said a slowdown in China and other emerging markets was continuing to cloud the outlook for Europe's largest economy. Mannheim-based ZEW
Published 20 Jan, 2016 12:00am
Iran sees $32 billion of unfrozen assets as sanctions end

Iran sees $32 billion of unfrozen assets as sanctions end

Iran will receive $32 billion of unfrozen assets after sanctions were lifted under its nuclear deal, the central bank said Tuesday, in a boost to an economy sapped by years of isolation. The unblocking of funds, which had been held in foreign banks, comes
Published 20 Jan, 2016 12:00am
Iran sees $32 billion of unfrozen assets as sanctions end

Iran sees $32 billion of unfrozen assets as sanctions end

Iran will receive $32 billion of unfrozen assets after sanctions were lifted under its nuclear deal, the central bank said Tuesday, in a boost to an economy sapped by years of isolation. The unblocking of funds, which had been held in foreign banks, comes
Published 20 Jan, 2016 12:00am
Unilever posts five percent drop
Exchange

Unilever posts five percent drop

Dutch food and cosmetics giant Unilever Tuesday posted a 5.0 percent fall in 2015 profits from the previous 12 months, saying it had been a "challenging year" amid the economic slowdown. Turnover was up 10% to $53.3 billion thanks to increased volumes and
Published 20 Jan, 2016 12:00am
Unilever posts five percent drop
Exchange

Unilever posts five percent drop

Dutch food and cosmetics giant Unilever Tuesday posted a 5.0 percent fall in 2015 profits from the previous 12 months, saying it had been a "challenging year" amid the economic slowdown. Turnover was up 10% to $53.3 billion thanks to increased volumes and
Published 20 Jan, 2016 12:00am
Bank of America earnings rise on lower expenses

Bank of America earnings rise on lower expenses

Bank of America reported higher fourth-quarter earnings Tuesday as lower expenses and solid overall loan growth offset the hit from its exposure to the slumping oil sector. Earnings for the quarter ending December 31 were $3.3 billion, up 9.3 percent from
Published 20 Jan, 2016 12:00am
Bank of America earnings rise on lower expenses

Bank of America earnings rise on lower expenses

Bank of America reported higher fourth-quarter earnings Tuesday as lower expenses and solid overall loan growth offset the hit from its exposure to the slumping oil sector. Earnings for the quarter ending December 31 were $3.3 billion, up 9.3 percent from
Published 20 Jan, 2016 12:00am
Algeria's energy income plummets 41 percent

Algeria's energy income plummets 41 percent

Algeria's energy earnings dropped 40.8 percent in 2015 from the previous year, causing a trade deficit of $13.71 billion after a $4.306 billion surplus in 2014, the Finance Ministry said. Energy earnings reached $35.72 billion in 2015 against $60.3 billio
Published 20 Jan, 2016 12:00am
Algeria's energy income plummets 41 percent

Algeria's energy income plummets 41 percent

Algeria's energy earnings dropped 40.8 percent in 2015 from the previous year, causing a trade deficit of $13.71 billion after a $4.306 billion surplus in 2014, the Finance Ministry said. Energy earnings reached $35.72 billion in 2015 against $60.3 billio
Published 20 Jan, 2016 12:00am
Gulf states unlikely to drop dollar peg: S&P
Exchange

Gulf states unlikely to drop dollar peg: S&P

Gulf states are not expected to drop their long-term monetary link to the US dollar after the sharp drop in oil prices and fiscal reserves, Standard and Poor's said Tuesday. "We expect (Gulf Cooperation Council) GCC countries to maintain the exchange rate
Published 20 Jan, 2016 12:00am
Gulf states unlikely to drop dollar peg: S&P
Exchange

Gulf states unlikely to drop dollar peg: S&P

Gulf states are not expected to drop their long-term monetary link to the US dollar after the sharp drop in oil prices and fiscal reserves, Standard and Poor's said Tuesday. "We expect (Gulf Cooperation Council) GCC countries to maintain the exchange rate
Published 20 Jan, 2016 12:00am
Morgan Stanley sees 2016 global recession risk as high as 20 percent

Morgan Stanley sees 2016 global recession risk as high as 20 percent

The probability of a global economic recession this year is as high as 20 percent in a worst case scenario, US investment bank Morgan Stanley said on Tuesday. Its economists said soft consumer demand in the United States and Japan and weakness in emerging
Published 20 Jan, 2016 12:00am
European banks have not enough buffer for bail-in

European banks have not enough buffer for bail-in

Europe's banks have not yet built up the capital buffers needed to comply with new EU rules which will impose losses on creditors of a failing bank before any public money can be used to rescue it, an EU official said on Tuesday. New bank watchdog the Sin
Published 20 Jan, 2016 12:00am
ECB plans to order banks to tackle bad loans

ECB plans to order banks to tackle bad loans

The European Central Bank plans to tell euro zone banks how to better manage bad loans, banking officials said on Tuesday, in an effort to resolve an issue that is curbing the region's economic recovery. Bad loans have more than doubled across the euro zo
Published 20 Jan, 2016 12:00am
Central bank to inject $91 billion

Central bank to inject $91 billion

China's central bank said on Tuesday it would inject more than 600 billion yuan ($91.22 billion) to help ease a liquidity squeeze expected before the Lunar New Year in early February. The People's Bank of China (PBOC) will inject the funds via the three p
Published 20 Jan, 2016 12:00am
China 2015 growth slows to weakest for 25 years
Exchange

China 2015 growth slows to weakest for 25 years

China's economy grew at its slowest pace in a quarter of a century last year as it undergoes a difficult transition, data showed Tuesday, escalating concern over a crucial driver of global expansion. The 6.9 percent figure was the slowest in the People's
Published 20 Jan, 2016 12:00am
Australia, New Zealand shares gain

Australia, New Zealand shares gain

Australian shares jumped nearly 1 percent on Tuesday, led by gains in financials and healthcare stocks, as a slew of Chinese data offered no nasty surprises. The S&P/ASX 200 index rose 0.9 percent, or 44.4 points, to 4,903.1 at the close of trade. The ben
Published 20 Jan, 2016 12:00am
Tokyo shares rise
Currency

Tokyo shares rise

Tokyo shares closed 0.55 percent higher Tuesday after China released data showing the world's number two economy grew last year in line with expectations. Official figures showed GDP growth came in at 6.9 percent last year, its weakest rate for a quarter
Published 20 Jan, 2016 12:00am
Tuesday's early trade: Wall Street holds onto gains after China data

Tuesday's early trade: Wall Street holds onto gains after China data

Wall Street rose on Tuesday morning, bouncing off a steep selloff on Friday and as investors were relieved that China's growth rate did not slow more than expected. China's growth in 2015 was the slowest in 25 years, raising hopes of further stimulus meas
Published 20 Jan, 2016 12:00am
Indian shares gain more than one percent

Indian shares gain more than one percent

Indian shares rose more than 1 percent on Tuesday, snapping a three-session losing streak as beaten-down banking and financial stocks and Reliance Industries recovered, while sentiment was also supported by hopes for stimulus measures in China. The broade
Published 20 Jan, 2016 12:00am
Sri Lankan shares keep falling

Sri Lankan shares keep falling

Sri Lankan shares fell for a third straight session on Tuesday to their lowest close in nearly 19 months due to rising yields and as investors sold their holdings to settle margin trading, brokers said. The main stock index pared early losses and closed 0
Published 20 Jan, 2016 12:00am
Southeast Asian stocks rebound

Southeast Asian stocks rebound

Southeast Asian stock markets rose on Tuesday, tracking gains in China as weak quarterly economic data strengthened market expectations Beijing will unveil more stimulus measures, while selective buying lifted Thai banks in a reporting season. Bangkok's S
Published 20 Jan, 2016 12:00am
Hong Kong shares jump

Hong Kong shares jump

Hong Kong's Hang Seng index posted its biggest one-day gain in more than two months on Tuesday, aided by a sharp rebound in mainland stocks. The Hang Seng index rose 2.1 percent, to 19,635.81, posting its biggest percentage gain since November 12. The Chi
Published 20 Jan, 2016 12:00am
China stocks climb

China stocks climb

China stocks rebounded roughly 3 percent on Tuesday, as weak quarterly economic data strengthened market expectations the government will unveil more stimulus moves. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.0 percen
Published 20 Jan, 2016 12:00am
European shares end higher helped by miners

European shares end higher helped by miners

European equities bounced back from 13-month lows on Tuesday helped by mining and energy stocks as prices of major industrial metals and crude oil surged following the release of Chinese growth data. "As figures weaken in absolute terms, we can potentiall
Published 20 Jan, 2016 12:00am
German bond yields rise

German bond yields rise

Top-rated German bond yields rose on Tuesday as investors favoured riskier stocks after weak Chinese data fanned hopes for more monetary stimulus. Markets were seen in "risk on" mode after data showed that China grew at its slowest rate in a quarter of a
Published 20 Jan, 2016 12:00am
German bond yields rise

German bond yields rise

Top-rated German bond yields rose on Tuesday as investors favoured riskier stocks after weak Chinese data fanned hopes for more monetary stimulus. Markets were seen in "risk on" mode after data showed that China grew at its slowest rate in a quarter of a
Published 20 Jan, 2016 12:00am
FTSE rebounds; miners, oil and gas stocks gain

FTSE rebounds; miners, oil and gas stocks gain

UK shares rebounded on Tuesday from their lowest closing level in three years in the previous session after Chinese GDP figures met expectations while leaving room for further stimulus. Data from China showed that the country's economic growth eased to 6.
Published 20 Jan, 2016 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tuesday, and the currency also held steady on the black market. Egypt, which depends on imported food and energy, is facing a dollar shortage and inc
Published 20 Jan, 2016 12:00am
Yuan steadies
Exchange

Yuan steadies

The yuan barely moved against the dollar on Tuesday as traders took in stride a raft of Chinese economic data, including numbers showing the world's No 2 economy posted its slowest annual growth in a quarter of a century. The People's Bank of China set th
Published 20 Jan, 2016 12:00am
Yen sags in Asia
Exchange

Yen sags in Asia

The safe haven yen sagged on Tuesday as China's fourth-quarter economic growth matched expectations, but its losses were likely to be limited amid persisting worries about the global economic outlook. The dollar rose 0.4 percent against the yen to 117.77
Published 20 Jan, 2016 12:00am
Early trade in New York: Dollar rises modestly
Currency

Early trade in New York: Dollar rises modestly

The dollar rose modestly on Tuesday as investor risk appetite improved on the back of rising oil prices and the expectation of further stimulus in China. Data released overnight showed China's economic growth matched expectations but its growth rate for t
Published 20 Jan, 2016 12:00am
Yen falls in Europe as China growth pace matches forecasts
Currency

Yen falls in Europe as China growth pace matches forecasts

The safe-haven yen fell on Tuesday on relief that China's fourth-quarter economic growth had matched forecasts and as expectations of further monetary easing there boosted risk appetite. China's GDP grew 6.8 percent in October to December from a year earl
Published 20 Jan, 2016 12:00am
Sri Lankan rupee edges up
Currency

Sri Lankan rupee edges up

The Sri Lankan rupee ended slightly firmer on Tuesday as dollar selling by a private bank, likely to defend the local currency, outpaced importer dollar demand, dealers said. The private bank might have sold the greenback on behalf of the central bank, so
Published 20 Jan, 2016 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.50-78.50 (previous 78.50-78.50). 03.00-04.75 percent (* Previous 02.50-04.75 percent). (* revised).
Published 20 Jan, 2016 12:00am
Serbia's central bank sells euros to bolster dinar
Exchange

Serbia's central bank sells euros to bolster dinar

Serbia's central bank said it intervened on Tuesday to support the dinar but denied its euro sales on the interbank market were related to Prime Minister Aleksandar Vucic's announcement about a snap parliamentary vote. According to dealers, the central ba
Published 20 Jan, 2016 12:00am
China growth data calms Asia FX
Exchange

China growth data calms Asia FX

Most emerging Asian currencies edged up on Tuesday as China's economic growth data held no nasty surprises, but gains were capped by lingering worries that Beijing will allow the yuan to weaken further to support the world's second-largest economy. The Ho
Published 20 Jan, 2016 12:00am
Sterling hits seven-year low against dollar
Currency

Sterling hits seven-year low against dollar

Sterling hit a seven-year low against the dollar on Tuesday after the head of the Bank of England said he did not have a "set timetable" for raising interest rates and warned on the spillover effects of a slowing Chinese economy. The pound was earlier giv
Published 20 Jan, 2016 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian and New Zealand dollars reversed early gains to be lower on Tuesday as disappointing data on Chinese retail sales and industrial output underlined concerns about global growth. The Australian dollar fell to $0.6842, from a session peak of $
Published 20 Jan, 2016 12:00am
Record number of managers axed in England

Record number of managers axed in England

A record 29 managers in the top four English divisions were sacked in the first half of this season, according to the League Managers Association's Mid-Season Manager Statistics report. Leicester's Nigel Pearson, Liverpool's Brendan Rodgers, Sunderland's
Published 20 Jan, 2016 12:00am
Hub Rally from January 30

Hub Rally from January 30

Toyota Highway Motors is organising the third edition of the Hub Rally in Nooriabad, Karachi at super highway from January 30-31. The rally, aimed at celebrating restoration of peace in Karachi and providing a platform for passionate drivers, will feature
Published 20 Jan, 2016 12:00am
Gayle goes out with a bang, 50 off record 12 balls

Gayle goes out with a bang, 50 off record 12 balls

West Indian opener Chris Gayle went out with a bang in the Big Bash League, smashing the equal-fastest 50 in Twenty20 history, but his Melbourne Renegades will not be in the weekend's finals. The burly Jamaican had clearly not let allegations of sexism af
Published 20 Jan, 2016 12:00am
Sri Lanka skipper questioned in fixing probe

Sri Lanka skipper questioned in fixing probe

Sri Lankan police Tuesday questioned skipper Angelo Mathews as part of investigations into an attempt to bribe players to under-perform in a cricket Test against the West Indies. Mathews said the police Financial Crimes Investigation Division (FCID) recor
Published 20 Jan, 2016 12:00am
Chief of Naval Staff hockey tournament begins

Chief of Naval Staff hockey tournament begins

Pakistan Navy has taken an initiative for the revival of the national game in collaboration with Pakistan Hockey Federation and has organised "1st Chief of the Naval Staff All Pakistan Hockey Tournament 2016". Pakistan Navy has always strived for the prom
Published 20 Jan, 2016 12:00am
KP Sports Writers elect new office bearers

KP Sports Writers elect new office bearers

Sports Reporter Ijaz Ahmad (APP) and Azmat Ullah (Sports Plus) were Tuesday elected as President and Secretary General of the Sports Writers Association Khyber Pakhtunkhwa respectively in an election meeting held here at media center Qayyum Sports Complex
Published 20 Jan, 2016 12:00am
PCB holds anti-corruption workshop

PCB holds anti-corruption workshop

In a bid to keep the Pakistan Super League free of corruption, the Pakistan Cricket Board has arranged an anti-corruption workshop at the National Cricket Academy in Lahore. Martin Vertigen, the Co-ordinator of the Intelligence, Anti-Corruption and Securi
Published 20 Jan, 2016 12:00am
Nadal, Halep stunned as shocks rock Aussie Open

Nadal, Halep stunned as shocks rock Aussie Open

Rafael Nadal and Simona Halep went crashing out of the Australian Open first round on Tuesday as a dramatic day of upsets grabbed attention away from a match-fixing controversy which has left tennis reeling. Nadal suffered one of the worst Grand Slam resu
Published 20 Jan, 2016 12:00am
Pakistan gambles on Twenty20 league to boost coffers

Pakistan gambles on Twenty20 league to boost coffers

Pakistan is rolling the dice on global superstars such as Chris Gayle and Kevin Pietersen to boost the country's cash-strapped cricket board when its new high-octane, short-form Twenty20 league begins in the UAE next month. But insiders warn Pakistan's fi
Published 20 Jan, 2016 12:00am
Pakistan Expo Malaysia 'PEXPO KL 2016' in Kuala Lumpur from February 12

Pakistan Expo Malaysia 'PEXPO KL 2016' in Kuala Lumpur from February 12

Pakistan Expo Malaysia "PEXPO KL 2016" will be held in the heart of Kuala Lumpur from February 12 to 15 at Mid Valley Exhibition Centre (MVEC). The event, organised by EVECON under the patronage of PAK-Asean Business Forum and supported by key association
Published 20 Jan, 2016 12:00am
Liquor worth Rs 34 million seized: MCC

Liquor worth Rs 34 million seized: MCC

Model Collectorate of Customs (MCC) Preventive, Karachi, claimed to have foiled an attempt to smuggle foreign origin liquor and seized 8400 bottles worth Rs 34 million. Speaking at a press conference at West Wharf here on Tuesday, Collector Tariq Huda sai
Published 20 Jan, 2016 12:00am
Uniliver identifies future business leaders of Pakistan

Uniliver identifies future business leaders of Pakistan

Unilever has announced the team from Lahore University of Management Sciences (LUMS) as the winners of the Unilever Talent Hunt (UTH) 2015 - 16, following the grand finale organised at a local hotel. The UTH provides an opportunity for students from Pakis
Published 20 Jan, 2016 12:00am
'Journalist's pen last ray of hope'

'Journalist's pen last ray of hope'

Divisional Director Information Hyderabad Khurshid Ali Shaikh has said that journalists' pen is the last ray of hope of the nation which transfers generation to generation while journalistic norms and ethics stress upon writing truth. This he said while s
Published 20 Jan, 2016 12:00am
Cleanliness week: DC to start campaign from January 20

Cleanliness week: DC to start campaign from January 20

Divisional Commissioner Hyderabad, Qazi Shahid Pervez has issued directives to mark cleanliness week from January 20. According to details, the Divisional Commissioner chaired a meeting to the officials of Hyderabad Development Authority (HDA) while addre
Published 20 Jan, 2016 12:00am
Deutsche Bank declares profit rates

Deutsche Bank declares profit rates

The Deutsche Bank has declared the rates of profit on the various types of deposits for the period of six months ended 31st December 2015:[

Published 20 Jan, 2016 12:00am
Deutsche Bank declares profit rates

Deutsche Bank declares profit rates

The Deutsche Bank has declared the rates of profit on the various types of deposits for the period of six months ended 31st December 2015:[

Published 20 Jan, 2016 12:00am
Bank of Khyber declares profit rates

Bank of Khyber declares profit rates

The Bank of Khyber has declared the rates of profit on the various types of deposits for the period of six months ended 31st December 2015:[

Published 20 Jan, 2016 12:00am
Bank of Khyber declares profit rates

Bank of Khyber declares profit rates

The Bank of Khyber has declared the rates of profit on the various types of deposits for the period of six months ended 31st December 2015:[

Published 20 Jan, 2016 12:00am
The Bank of Punjab declares profit rates

The Bank of Punjab declares profit rates

The Bank of Punjab has declared the rates of profit on the various types of deposits for the period of six months ended 31st December 2015:[

Published 20 Jan, 2016 12:00am
The Bank of Punjab declares profit rates

The Bank of Punjab declares profit rates

The Bank of Punjab has declared the rates of profit on the various types of deposits for the period of six months ended 31st December 2015:[

Published 20 Jan, 2016 12:00am
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