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Mar 22, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-22
12 alleged terrorists killed in Kohlu
Exchange

12 alleged terrorists killed in Kohlu

At least 12 suspected terrorists including two key commanders of a banned outfit were killed in exchange of fire with Frontier Corps (FC) and intelligence agencies in Kohlu district of Balochistan on Monday. According to FC spokesman, these terrorists wer
Published 22 Mar, 2016 12:00am
Earthquake jolts Khuzdar, surroundings areas

Earthquake jolts Khuzdar, surroundings areas

An earthquake of high intensity jolted different areas of Khuzdar here on Monday evening but no loss was reported due to quake. According to geological wing of Pakistan Meteorological Department (PMD) tremors measuring 5.6 on Richter scale were felt in Kh
Published 22 Mar, 2016 12:00am
Government borrows Rs 126 billion from SBP

Government borrows Rs 126 billion from SBP

The federal government Wednesday borrowed some Rs 126.36 billion from State Bank of Pakistan through auction of long term investment bonds. The State Bank of Pakistan conducted auction for the sale of 3-year, 5-year, 10-year and 20-year Pakistan Investmen
Published 22 Mar, 2016 12:00am
Good neighbours ease fears in polio fight

Good neighbours ease fears in polio fight

In a rundown district of city, Rabia balks at a neighbour's proposal to vaccinate her children, demonstrating one of the biggest hurdles to eradicating polio in country by the end of the year: confused and frightened parents. Rabia, perplexed and surround
Published 22 Mar, 2016 12:00am
Trump finally unveils foreign policy team

Trump finally unveils foreign policy team

White House hopeful Donald Trump, not known for his foreign policy expertise, on Monday unveiled a team of advisers drawn from the energy industry and the fringes of Washington's international affairs establishment. Trump, who is closing in on the Republi
Published 22 Mar, 2016 12:00am
Two-year-old US boy shoots self with mother's gun

Two-year-old US boy shoots self with mother's gun

A two-year-old boy accidentally shot himself Monday with a gun he apparently pulled out of his mother's handbag and was fighting for his life, authorities in the US state of Georgia said. "That child has been rushed to an area hospital and is currently in
Published 22 Mar, 2016 12:00am
Zanzibar president, ruling party win controversial vote re-run

Zanzibar president, ruling party win controversial vote re-run

Election officials in Zanzibar on Monday declared incumbent President Ali Mohamed Shein and the ruling Chama Cha Mapinduzi (CCM) party the winners of controversial re-run elections in Tanzania's semi-autonomous islands. Fifteen European and US diplomats,
Published 22 Mar, 2016 12:00am
DRCongo ex-leader guilty of war crimes: ICC

DRCongo ex-leader guilty of war crimes: ICC

Former Congolese vice president Jean-Pierre Bemba was Monday found guilty of a ruthless campaign of widespread rapes and killings by his private army in the Central African Republic, in a landmark war crimes verdict. It is the first case at the Internatio
Published 22 Mar, 2016 12:00am
Cameron seeks to mend Conservative rift over cuts, EU

Cameron seeks to mend Conservative rift over cuts, EU

British Prime Minister David Cameron issued an impassioned defence of his government on Monday as he battled to quell bitter Conservative Party infighting triggered by a pro-Brexit senior minister's explosive resignation. Cameron heaped praise on Iain Dun
Published 22 Mar, 2016 12:00am
UN ceases migrant transfers to sealed Lesbos camp

UN ceases migrant transfers to sealed Lesbos camp

The UN refugee agency said Monday it will no longer transfer newly-arrived migrants on Lesbos to a camp on the island, after Greece began to confine them to the facility as part of the EU-Turkey deal. The Moria camp, which was visited by Hollywood star an
Published 22 Mar, 2016 12:00am
Russian judge says Ukrainian pilot Savchenko killed reporters

Russian judge says Ukrainian pilot Savchenko killed reporters

A Russian judge on Monday said Ukrainian pilot Nadezhda Savchenko was complicit in the killing of two Russian journalists, an assertion certain to inflame already dire relations between Moscow and Kiev. Savchenko, 34, was captured by pro-Moscow rebels in
Published 22 Mar, 2016 12:00am
Kuwait expels 14 accused of Hezbollah links

Kuwait expels 14 accused of Hezbollah links

Kuwait has expelled 11 Lebanese and three Iraqis suspected of belonging to Hezbollah, a Kuwaiti newspaper reported on Monday, nearly three weeks after the country joined other Gulf Arab states in designating the Lebanese Shia group a terrorist organisatio
Published 22 Mar, 2016 12:00am
North Korea fires short-range projectiles into sea

North Korea fires short-range projectiles into sea

North Korea fired five short-range projectiles into the sea off its east coast on Monday, South Korea's military said, amid heightened tension over the isolated country's nuclear and rocket programmes. The unidentified projectiles were launched from south
Published 22 Mar, 2016 12:00am
Russia's poverty rate reaches nine-year high as crisis bites

Russia's poverty rate reaches nine-year high as crisis bites

Russia's recession-hit economy has propelled the country's poverty rate to a nine-year high, state statistics published Monday showed, as the country struggles to cope with a crippling economic crisis. An average of 19.2 million Russians - or 13.4 percent
Published 22 Mar, 2016 12:00am
Climate changing at 'unprecedented' rate: UN

Climate changing at 'unprecedented' rate: UN

January and February 2016 smashed temperature records, the World Meteorological Organisation (WMO) said on Monday as it warned climate change was advancing at an "unprecedented" rate. Temperatures in the first two months of 2016 soared to new highs, follo
Published 22 Mar, 2016 12:00am
Khawaja leads Aussies to victory over Bangladesh

Khawaja leads Aussies to victory over Bangladesh

Usman Khawaja hit a quick-fire half-century to help Australia to a thrilling three-wicket victory against Bangladesh in their World Twenty20 clash in Bangalore on Monday. The left-handed opener smashed 58 off 45 balls as Australia successfully chased down
Published 22 Mar, 2016 12:00am
FIFA deal brings China's World Cup dream closer: Wanda

FIFA deal brings China's World Cup dream closer: Wanda

China's chances of hosting a World Cup have risen thanks to property-to-entertainment conglomerate Wanda spending big to sponsor FIFA, the company's chairman said Monday. Wang Jianlin, one of China's richest men, said his firm's decision to become a top-l
Published 22 Mar, 2016 12:00am
Pakistan face rampant Black Caps in must-win T20

Pakistan face rampant Black Caps in must-win T20

A resurgent New Zealand will be eyeing a semi-final berth when they take on a deflated Pakistan in a World Twenty20 group match in Mohali Tuesday. Smarting under a six-wicket defeat to arch rivals India, Shahid Afridi's men need a victory against the tabl
Published 22 Mar, 2016 12:00am
Djokovic fuels tennis money equality debate

Djokovic fuels tennis money equality debate

World number one Novak Djokovic has indicated men's tennis should get more prize money than women because it has more spectators as a new controversy over equality in the sport erupted. After winning the Indian Wells title for the fifth time, the Serbian
Published 22 Mar, 2016 12:00am
Sri Lankan rupee forwards end weaker
Currency

Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards ended weaker on Monday due to importer dollar demand, while dealers expect growing uncertainty after the announcement of new tax hikes to weigh on the currency in the short term. One-week rupee forwards, which act as a proxy for
Published 22 Mar, 2016 12:00am
Sterling plummets against dollar, euro
Currency

Sterling plummets against dollar, euro

Sterling fell sharply against the dollar and euro on Monday, hurt by a new bout of political uncertainty that soured the outlook for a currency already reeling from weeks of turmoil over whether Britain will stay in the European Union. The resignation of
Published 22 Mar, 2016 12:00am
Yuan eases against dollar
Exchange

Yuan eases against dollar

China's yuan eased against the dollar on Monday after the central bank set a softer midpoint a day after Chinese officials gave fresh assurances that concerns about the country's economy and capital outflows are declining. The People's Bank of China set t
Published 22 Mar, 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 Monday. 78.40-78.40 (previous 78.40-78.40). 02.25-04.50 percent (* Previous 02.25-04.50 percent). (* revised).
Published 22 Mar, 2016 12:00am
Asian currencies slip

Asian currencies slip

Asian currencies edged lower on Monday, with analysts wary of the risk that US dollar strength could return in coming months as the Federal Reserve considers raising US interest rates. Most Asian currencies lost steam after many of them set multi-month hi
Published 22 Mar, 2016 12:00am
Aussie, kiwi off multi-month peaks
Currency

Aussie, kiwi off multi-month peaks

The Australian and New Zealand dollars backed off multi-month highs on Monday after hefty gains left the currencies overstretched, while liquidity is likely to be dampened by a holiday in Japan. The Australian dollar fell to $0.7584, having dropped a cent
Published 22 Mar, 2016 12:00am
Sterling sinks, yen inches up in Europe
Currency

Sterling sinks, yen inches up in Europe

Sterling was the big loser among major currencies on Monday, sinking more than half a percent on concerns that a split in the ruling Conservative Party is deepening ahead of June's referendum on EU membership. With stock markets mixed, the safe-haven yen
Published 22 Mar, 2016 12:00am
Yen broadly higher in Asia
Currency

Yen broadly higher in Asia

The safe-haven yen was broadly firmer on Monday, particularly against its New Zealand and Australian peers, as the mood turned sour with most Asian share markets down.
Published 22 Mar, 2016 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart on Monday, although losses were pared after crude oil prices turned higher, while domestic attention turned to Tuesday's federal budget. The currency had touched a nearly five-month high on Friday at
Published 22 Mar, 2016 12:00am
FTSE steadies as pharma stocks offset weaker miners

FTSE steadies as pharma stocks offset weaker miners

Britain's top share index steadied at the close after a choppy session on Monday, with gains in the pharmaceutical sector and by supermarket Sainsbury's outweighing a fall in mining stocks. After a subdued start to the session, the UK's FTSE 100 index end
Published 22 Mar, 2016 12:00am
New Zealand stocks hit record high, Australian shares down

New Zealand stocks hit record high, Australian shares down

Australian shares fell for the first time in four sessions on Monday as mining and energy companies were hurt by weaker metals and oil prices, while New Zealand shares hit another record high propelled by yield-hungry investors. The S&P/ASX 200 index fell
Published 22 Mar, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares edged up on Monday after mainland markets were buoyed by an announcement that the state margin lender would resume some of its short-term lending business and cut borrowing costs for brokerages. The Hang Seng index rose 0.1 percent, to 20
Published 22 Mar, 2016 12:00am
European shares down as commodity stocks weaken

European shares down as commodity stocks weaken

European shares closed lower on Monday, with weaker commodity stocks more than offsetting gains in Bayer and Telecom Italia. The pan-European FTSEurofirst 300 index fell 0.25 percent, while the eurozone's bluechip Euro STOXX 50 index was down by 0.36 perc
Published 22 Mar, 2016 12:00am
German yields about-turn on hawkish Fed comments

German yields about-turn on hawkish Fed comments

German bond yields edged higher on Monday, reversing earlier declines as US policymakers signalled inflation could support further rate hikes in the world's largest economy and investors positioned for hefty supply from the euro zone this week. The Europe
Published 22 Mar, 2016 12:00am
German yields about-turn on hawkish Fed comments

German yields about-turn on hawkish Fed comments

German bond yields edged higher on Monday, reversing earlier declines as US policymakers signalled inflation could support further rate hikes in the world's largest economy and investors positioned for hefty supply from the euro zone this week. The Europe
Published 22 Mar, 2016 12:00am
South East Asian stocks mixed
Exchange

South East Asian stocks mixed

Southeast Asian stock markets ended mixed on Monday, with the Philippine main index hitting a more than seven-month high amid continuing inflows, while a late rally in telecoms shares sent the Thai benchmark to a one-week closing high. The Philippine comp
Published 22 Mar, 2016 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell on Monday due to profit-taking and weakness in overseas markets, ahead of key exports related data. The main TAIEX index fell 0.4 percent to 8,772.11 as of 0218 GMT, after closing up 0.9 percent Friday. The electronics subindex sank 0.4
Published 22 Mar, 2016 12:00am
Sri Lankan shares rise

Sri Lankan shares rise

Sri Lankan shares closed at a near three-week high on Monday in dull trade as cautious investors selectively bought risk assets, while foreign investors exited amid a rise in yields of government securities. Uncertainty over a capital gains tax and econom
Published 22 Mar, 2016 12:00am
Indian stocks rise

Indian stocks rise

Indian stocks rose to a near 11-week high on Monday as hopes increased the central bank could cut rates by as much as 50 basis points next month after the government slashed the country's retail savings rate last week. The benchmark BSE index rose 1.33 pe
Published 22 Mar, 2016 12:00am
Western Union says to expand in Cuba
Currency

Western Union says to expand in Cuba

Western Union Co said on Monday it would expand in Cuba, at a time when US President Barack Obama started a historic Cuba tour as the two countries attempt to rebuild their bilateral relationship. Cuba said last week it planned to remove a tax on dollars
Published 22 Mar, 2016 12:00am
Polish 200 million euro Ponzi scheme trial opens

Polish 200 million euro Ponzi scheme trial opens

A Polish couple went on trial Monday for allegedly conning 19,000 clients out of a total 200 million euros ($225 million) through their investment firm Amber Gold, according to local media. Prosecutors in the northern city of Gdansk accuse Marcin and Kata
Published 22 Mar, 2016 12:00am
Swiss current account surplus narrows in Q4

Swiss current account surplus narrows in Q4

Switzerland's current account surplus narrowed to around 16 billion Swiss francs ($16.48 billion) in the fourth quarter of 2015, 4 billion francs less than a year earlier, Swiss National Bank data showed on Monday. The decrease was principally the result
Published 22 Mar, 2016 12:00am
US existing home sales tumble in warning sign for housing market

US existing home sales tumble in warning sign for housing market

US home resales fell sharply in February in a potentially troubling sign for America's economy which has otherwise looked resilient to the global economic slowdown. The National Association of Realtors said on Monday existing home sales dropped 7.1 percen
Published 22 Mar, 2016 12:00am
Russian economic data provides more evidence slump abating

Russian economic data provides more evidence slump abating

Russia's economic slump is continuing to abate, official data published on Monday suggested, although analysts cautioned the improved figures were flattered by one-off statistical effects. Data showed that retail sales fell by 5.9 percent year-on-year in
Published 22 Mar, 2016 12:00am
Goldman take-over of GE Capital online unit approved

Goldman take-over of GE Capital online unit approved

The Federal Reserve approved on Monday Goldman Sachs's take-over of the online deposit platform of GE Capital, rejecting worries it would reduce competition and make Goldman even more powerful. Approval of the deal announced last August will bring Goldman
Published 22 Mar, 2016 12:00am
Apple cuts price for new, more compact iPhone

Apple cuts price for new, more compact iPhone

Apple on Monday unveiled a new iPhone with a four-inch screen, aiming to reach consumers looking for a handset that is more affordable and compact than its flagship models. The new device - called the iPhone SE - will debut at $399 for US customers withou
Published 22 Mar, 2016 12:00am
China's Saudi crude oil imports in February hit near record high

China's Saudi crude oil imports in February hit near record high

China's monthly oil imports from Saudi Arabia hit their second highest level on record in February, while arrivals from Russia also surged, as weak crude prices prompted the world's top energy consumer to bring in record high volumes last month. China's t
Published 22 Mar, 2016 12:00am
German economy to slow down in second quarter: Bundesbank

German economy to slow down in second quarter: Bundesbank

The German economy, Europe's biggest, will likely slow down in the second quarter after showing steady growth in the year's first three months, the Bundesbank central bank said Monday. "The German economy started 2016 with a lot of momentum," it said in i
Published 22 Mar, 2016 12:00am
Swing to modest surplus sets tone for India's balance of payments

Swing to modest surplus sets tone for India's balance of payments

India's balance of payments swung to a surplus in October-December, marking a modest upturn in its financial position that analysts believe may prove resistant to global economic fragility. Monday's central bank data also showed a narrowing of the current
Published 22 Mar, 2016 12:00am
China banking regulator tells lenders to rein in risks

China banking regulator tells lenders to rein in risks

China's banking regulator has urged lenders not to pay out extraordinary dividends and to limit their local government debt exposure, two people with direct knowledge of the matter told Reuters on Monday. The China Banking Regulatory Commission said banks
Published 22 Mar, 2016 12:00am
Indonesia 2016 biodiesel output to miss target

Indonesia 2016 biodiesel output to miss target

Indonesia may produce about 2.5 million tonnes of palm oil-based biodiesel in 2016, about a third of its targeted volume, because of the widening spread between biodiesel and gasoil, a Malaysian industry official said on Monday. Indonesia, the world bigge
Published 22 Mar, 2016 12:00am
Gold extends losses for third day in Europe
Exchange

Gold extends losses for third day in Europe

Gold fell on Monday, extending losses for a third day as the dollar arrested three weeks of falls, but the metal was underpinned by expectations that the ultra-low interest rate environment will persist. The dollar rose 0.2 percent against a basket of cur
Published 22 Mar, 2016 12:00am
Gold drops in Asia

Gold drops in Asia

Spot gold fell more than 1 percent on Monday, as the dollar regained some ground in holiday thinned trade, but traders said the metal was well supported given a dovish stance from US and European central banks. Central banks, however, are leaving themselv
Published 22 Mar, 2016 12:00am
Raw sugar futures rise on strong real, bullish charts
Currency

Raw sugar futures rise on strong real, bullish charts

Raw sugar futures rose towards the previous session's more than one year high on Monday with the market boosted by the strength of Brazil's currency while arabica coffee and cocoa prices fell. May raw sugar was up 0.6 percent to 16.07 cents a lb at 1500 G
Published 22 Mar, 2016 12:00am
Palm oil climbs to new two-year high
Vegetable Oil

Palm oil climbs to new two-year high

Malaysian palm oil futures hit a 23-month high in trade on Monday, driven by lowered production forecasts and improving export demand. The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 0.2 percent to settle at 2,685 ri
Published 22 Mar, 2016 12:00am
Brazil coffee crop seen up

Brazil coffee crop seen up

Brazil's 2016/2017 coffee crop is seen at 56.25 million 60-kg bags, up 13 percent from the 49.9 million bags harvested from last year's drought-hit crop, trader Comexim said on Monday. Arabica beans are expected to make up 44.35 million bags of total outp
Published 22 Mar, 2016 12:00am
Ukraine rapeseed exports to Europe may fall a third

Ukraine rapeseed exports to Europe may fall a third

Ukraine's rapeseed exports to the European Union are likely to fall by around a third in the 2016/17 season due to a smaller harvest and a redirecting of exports to other markets, analyst UkrAgroConsult said on Monday. Ukraine's rapeseed harvest is likely
Published 22 Mar, 2016 12:00am
Copper rises on hopes for Chinese demand, falling stockpiles
Exchange

Copper rises on hopes for Chinese demand, falling stockpiles

Copper prices rose on Monday as expectations of stronger demand in top consumer China and falling inventories reinforced positive sentiment, but a firmer dollar limited gains. Benchmark copper on the London Metal Exchange (LME) ended up 0.5 percent to $5,
Published 22 Mar, 2016 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper fell by 0.3 percent to close at 38,160 yuan ($5,884) a tonne on Monday as the dollar rose, but losses were limited by expectations of monetary policy easing in the United States and Europe and amid stronger seasonal demand
Published 22 Mar, 2016 12:00am
China's February sugar imports fall
Exchange

China's February sugar imports fall

China's sugar imports fell in February for the second month in a row after posting a record year in 2015, customs data showed on Monday. China, the world's top sugar buyer, imported 110,000 tonnes of raw sugar in February, down 13.5 percent compared to th
Published 22 Mar, 2016 12:00am
European vegoils: palm oil rises on output worries
Vegetable Oil

European vegoils: palm oil rises on output worries

Palm oil on the European vegetable oils market continued to rise on Friday on concerns about dwindling production due to the El Nino weather pattern, although prices slipped towards the end of the day. "Despite the bullish sentiments it was a slow day ove
Published 22 Mar, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 272,960 tonnes of cargo comprising 204,042 tonnes of import cargo and 68,918 tonnes of export cargo including 5,857 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 204
Published 22 Mar, 2016 12:00am
Thailand to sell rice from government stockpiles

Thailand to sell rice from government stockpiles

Thailand will sell 641,000 tonnes of rice from government stockpiles this month in its second auction from the inventories this year, the commerce ministry said on Wednesday. Thailand, the world's second-biggest rice exporter after India, has stocks of ab
Published 22 Mar, 2016 12:00am
EU wheat futures extend losses to two-week low

EU wheat futures extend losses to two-week low

European wheat futures extended losses on Friday to hit a two-week low as US prices fell and euro strength reinforced the bearish mood in a market facing hefty stocks. May milling wheat on the Paris-based Euronext market settled down 1.50 euros at 152.00
Published 22 Mar, 2016 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures closed higher on Friday, rallying on short-covering late in the session as the Canadian dollar softened. Canola was pressured in early moves from farmer selling that emerged a day after the May contract hit a three-week high, t
Published 22 Mar, 2016 12:00am
India likely to extend wheat import tax beyond March

India likely to extend wheat import tax beyond March

India is likely to extend a wheat import tax beyond March to shield its domestic farmers from cheap imports particularly as wheat from the new-season harvest will become available by the end of this month, government sources said on Monday. After consulti
Published 22 Mar, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,019 million. The number of lots traded was 12.26 million. PMEX Commodity Index closed at 2,724. Major business was contributed by gold amounting to PKR 3,277 million followed by cru
Published 22 Mar, 2016 12:00am
Lean business on grain market

Lean business on grain market

A few changes were seen on the wholesale grain market on Monday in the process of trade, dealers and experts said. On the cereals side, wheat old and new Bardan quoted unchanged at Rs 3350, Gur lost Rs 200 to Rs 5800 and R 6300, other commodities held the
Published 22 Mar, 2016 12:00am
US FOB Gulf soyabean premiums firmer

US FOB Gulf soyabean premiums firmer

Soyabean export premiums for shipments from the US Gulf Coast were mostly steady to firm on Friday, supported by higher acquisition costs for exporters as CIF barge basis values climbed, traders said. A strengthening Brazilian real is eroding the competit
Published 22 Mar, 2016 12:00am
CBOT wheat futures up on short-covering

CBOT wheat futures up on short-covering

Wheat futures on the Chicago Board of Trade settled higher on Friday, rallying from early declines on short-covering ahead of the weekend. But most-active CBOT May wheat still posted a weekly decline of 2.7 percent, reflecting an improving weather outlook
Published 22 Mar, 2016 12:00am
Cotton market: prices drift lower on modest trade
Cotton

Cotton market: prices drift lower on modest trade

Prices failed to maintain present levels on the cotton market on Monday in the absence of leading participants, dealers said. The official spot rate was down by Rs 50 more at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and i
Published 22 Mar, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The March vaida was unchanged on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The March vaida closed at Rs 2050.30 and it commenced with no change in the early hours, they said.
Published 22 Mar, 2016 12:00am
China's February sugar imports fall
Exchange

China's February sugar imports fall

China's sugar imports fell in February for the second month in a row after posting a record year in 2015, customs data showed on Monday. China, the world's top sugar buyer, imported 110,000 tonnes of raw sugar in February, down 13.5 percent compared to th
Published 22 Mar, 2016 12:00am
US natural gas futures fall despite coming spring snowstorm
Exchange

US natural gas futures fall despite coming spring snowstorm

US natural gas futures ended lower on Friday as the market focuses more on the warm weather forecast for much of the rest of March instead of the snowstorm expected to hit the Northeast this weekend on the first day of spring. After rising for nine of the
Published 22 Mar, 2016 12:00am
Asian naphtha crack jumps to 5-week high

Asian naphtha crack jumps to 5-week high

Asia's naphtha crack for front-month first-half May jumped 10.2 percent on Monday to its highest in five weeks at $72.25 a tonne, boosted by demand and reduced incoming western cargoes seen for next month's arrival. South Korea's LG Chem was seeking napht
Published 22 Mar, 2016 12:00am
India's rapeseed output to rise

India's rapeseed output to rise

India is likely to produce 5.8 million tonnes of rapeseed in 2015/16, up 16 percent from a year ago, thanks to beneficial weather conditions in key producing northern states, the head of the Central Organisation for Oil Industry and Trade (COOIT) told Reu
Published 22 Mar, 2016 12:00am
World Water Day

World Water Day

World Water Day is held annually on 22 March as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. An international day to celebrate freshwater was recommended at the 1992 U
Published 22 Mar, 2016 12:00am
Why a World Water Day?

Why a World Water Day?

World Water Day is an international observance and an opportunity to learn more about water related issues, be inspired to tell others and take action to make a difference. World Water Day dates back to the 1992 United Nations Conference on Environment an
Published 22 Mar, 2016 12:00am
UN-Water's Recommendations for a Global Goal on Water

UN-Water's Recommendations for a Global Goal on Water

UN-Water has undertaken an expert consultation process where UN-Water's 31 Members from the United Nations system and 36 international Partners have come together to analyse what role water could have in the Post-2015 Development Agenda based on their exp
Published 22 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Mar, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

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
Published 22 Mar, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

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
Published 22 Mar, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (March 21, 2016).

Published 22 Mar, 2016 12:00am
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