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Apr 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-24
Indonesian coffee bean prices fall; Vietnam's harvest picks up

Indonesian coffee bean prices fall; Vietnam's harvest picks up

Fresh coffee bean prices in Indonesia, the world's third-biggest robusta producer, fell below those quoted by top producer Vietnam this week as a pickup in harvest boosted supplies, traders said. Indonesian premiums also narrowed after London robusta futu
Published 24 Jul, 2016 12:00am
Wall Street rises, racks up fourth straight week of gains

Wall Street rises, racks up fourth straight week of gains

Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts AT&T and Verizon. A US manufacturing report also came in above expectations, building on upbeat data from earlier in the
Published 24 Jul, 2016 12:00am
Brexit vote led to worst withdrawals of 2016 for US mutual funds

Brexit vote led to worst withdrawals of 2016 for US mutual funds

Investors withdrew the most money to date this year from US-based mutual funds during the week after Britons voted to leave the European Union, the Investment Company Institute data showed on Wednesday. The $10 billion withdrawn from the funds over seven
Published 24 Jul, 2016 12:00am
Brexit vote led to worst withdrawals of 2016 for US mutual funds

Brexit vote led to worst withdrawals of 2016 for US mutual funds

Investors withdrew the most money to date this year from US-based mutual funds during the week after Britons voted to leave the European Union, the Investment Company Institute data showed on Wednesday. The $10 billion withdrawn from the funds over seven
Published 24 Jul, 2016 12:00am
Saudi government to offer about 20 billion riyals bonds to banks

Saudi government to offer about 20 billion riyals bonds to banks

Saudi Arabia's government has contacted banks to sell them about 20 billion riyals ($5.3 billion) of bonds in its domestic debt sale this month, the Maaal financial website reported on Wednesday, quoting unnamed sources. Since last August, the government
Published 24 Jul, 2016 12:00am
Saudi government to offer about 20 billion riyals bonds to banks

Saudi government to offer about 20 billion riyals bonds to banks

Saudi Arabia's government has contacted banks to sell them about 20 billion riyals ($5.3 billion) of bonds in its domestic debt sale this month, the Maaal financial website reported on Wednesday, quoting unnamed sources. Since last August, the government
Published 24 Jul, 2016 12:00am
TSX at highest close in year, fourth weekly gain; telecoms shine

TSX at highest close in year, fourth weekly gain; telecoms shine

Canada's main stock index hit its highest close in a year on Friday, notching a fourth straight weekly gain as yield-producing telecom and utility stocks found favor, offsetting a plunge in shares of Valeant Pharmaceuticals International Inc. Valeant fell
Published 24 Jul, 2016 12:00am
Little upside for Latam stocks by end-year after Brazil rally
Currency

Little upside for Latam stocks by end-year after Brazil rally

The impressive rally in Brazilian stocks this year is probably finished as concerns over a huge budget deficit offset initial optimism about the impeachment of President Dilma Rousseff, a Reuters poll showed on Tuesday. Mexican stocks have little upside t
Published 24 Jul, 2016 12:00am
Treasuries outlook: long yields slip ahead of Fed meeting next week

Treasuries outlook: long yields slip ahead of Fed meeting next week

Yields on long-dated US Treasury debt slipped on Friday in choppy trading although the outlook remained upbeat given generally solid US economic data over the last few weeks that support expectations of at least one interest rate hike this year.
Published 24 Jul, 2016 12:00am
Treasuries outlook: long yields slip ahead of Fed meeting next week

Treasuries outlook: long yields slip ahead of Fed meeting next week

Yields on long-dated US Treasury debt slipped on Friday in choppy trading although the outlook remained upbeat given generally solid US economic data over the last few weeks that support expectations of at least one interest rate hike this year.
Published 24 Jul, 2016 12:00am
Brazil rides rally with new long 30-year bond

Brazil rides rally with new long 30-year bond

Brazil returned to US dollar bond markets on Thursday after a four-month hiatus, taking advantage of a broader EM rally and growing optimism about the country. The sovereign is offering a long 30-year global bond at initial price thoughts in the very low
Published 24 Jul, 2016 12:00am
Brazil rides rally with new long 30-year bond

Brazil rides rally with new long 30-year bond

Brazil returned to US dollar bond markets on Thursday after a four-month hiatus, taking advantage of a broader EM rally and growing optimism about the country. The sovereign is offering a long 30-year global bond at initial price thoughts in the very low
Published 24 Jul, 2016 12:00am
Investors cut equity exposure to first underweight in four years: BAML

Investors cut equity exposure to first underweight in four years: BAML

Global investors, fretting over economic growth and Brexit, have cut equity allocations to underweight for the first time in four years while raising cash to the highest in almost 15 years, a Bank of America Merill Lynch survey showed on Tuesday.
Published 24 Jul, 2016 12:00am
Investors cut equity exposure to first underweight in four years: BAML

Investors cut equity exposure to first underweight in four years: BAML

Global investors, fretting over economic growth and Brexit, have cut equity allocations to underweight for the first time in four years while raising cash to the highest in almost 15 years, a Bank of America Merill Lynch survey showed on Tuesday.
Published 24 Jul, 2016 12:00am
EU watchdog backs 'passport' for US hedge funds in Europe

EU watchdog backs 'passport' for US hedge funds in Europe

Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority (ES
Published 24 Jul, 2016 12:00am
EU watchdog backs 'passport' for US hedge funds in Europe

EU watchdog backs 'passport' for US hedge funds in Europe

Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority (ES
Published 24 Jul, 2016 12:00am
ECB to extend timeframe, loosen restrictions on bond purchases

ECB to extend timeframe, loosen restrictions on bond purchases

The European Central Bank, faced with a further slowdown in eurozone growth after Britain's vote to leave the European Union, will soon be forced to extend and expand the scope of its asset purchase programme, a Reuters poll of economists showed. Apart fr
Published 24 Jul, 2016 12:00am
ECB to extend timeframe, loosen restrictions on bond purchases

ECB to extend timeframe, loosen restrictions on bond purchases

The European Central Bank, faced with a further slowdown in eurozone growth after Britain's vote to leave the European Union, will soon be forced to extend and expand the scope of its asset purchase programme, a Reuters poll of economists showed. Apart fr
Published 24 Jul, 2016 12:00am
Brexit bump instills no confidence among bond traders
Currency

Brexit bump instills no confidence among bond traders

Even after a good quarter, optimism is hard to find on Wall Street's bond trading floors. Revenue from fixed income, currency and commodities trading at the five biggest US banks rose 21 percent to $13.1 billion in the second quarter from a year earlier,
Published 24 Jul, 2016 12:00am
Brexit bump instills no confidence among bond traders
Currency

Brexit bump instills no confidence among bond traders

Even after a good quarter, optimism is hard to find on Wall Street's bond trading floors. Revenue from fixed income, currency and commodities trading at the five biggest US banks rose 21 percent to $13.1 billion in the second quarter from a year earlier,
Published 24 Jul, 2016 12:00am
UK financial services firms will retain rights in EU: Johnson

UK financial services firms will retain rights in EU: Johnson

British Foreign Secretary Boris Johnson said on Friday he expects the UK to retain the right for its financial firms to sell services across European Union member states after Britain's exit from the bloc. Johnson, speaking to reporters in New York and th
Published 24 Jul, 2016 12:00am
120 Taiwanese arrested in Greece on suspected telecom crimes

120 Taiwanese arrested in Greece on suspected telecom crimes

Around 120 Taiwanese nationals have been arrested in Greece for suspected telecom crimes, Taipei officials said Saturday, the latest such arrests abroad. They were caught in the suburbs of Athens Thursday, along with some Greeks, when local police thwarte
Published 24 Jul, 2016 12:00am
All BHS's stores to close in next four weeks

All BHS's stores to close in next four weeks

The remaining shops belonging to Britain's collapsed department store chain BHS will close down in the next four weeks at a potential cost of 5,000 jobs, Sky News said on Saturday. Loss-making BHS fell into administration in April and Sky said administrat
Published 24 Jul, 2016 12:00am
CEO says Audi plans three electric car models by 2020

CEO says Audi plans three electric car models by 2020

Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, Chief Executive Rupert Stadler told a German newspaper. Audi's electric cars push, reported by Reuters earlier this week, i
Published 24 Jul, 2016 12:00am
Ecuador pays $112 million award to Chevron

Ecuador pays $112 million award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said. A Hague arbitration court awarded the US company $96 million in 2011 in a
Published 24 Jul, 2016 12:00am
China completes world's largest amphibious aircraft

China completes world's largest amphibious aircraft

China has completed production of the world's largest amphibious aircraft after seven years of work, which it plans to use to perform marine rescue missions and fight forest fires, the Xinhua news agency reported. The AG600, which is about the size of a B
Published 24 Jul, 2016 12:00am
Canada economy to rebound this year after energy slump

Canada economy to rebound this year after energy slump

Canada's economy should rebound "over the course of the year" from the impact of a wildfire in its energy heartland, Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China. The fire in the province of Alberta is
Published 24 Jul, 2016 12:00am
Poland approves new retailer tax to boost budget

Poland approves new retailer tax to boost budget

Poland's parliament, led by the conservative Law and Justice (PiS) party, has passed a bill imposing a progressive levy on retailers aimed at bolstering the state budget. The tax, one of PiS's main election promises, will boost the budget by 1.5 billion z
Published 24 Jul, 2016 12:00am
Poland approves new retailer tax to boost budget

Poland approves new retailer tax to boost budget

Poland's parliament, led by the conservative Law and Justice (PiS) party, has passed a bill imposing a progressive levy on retailers aimed at bolstering the state budget. The tax, one of PiS's main election promises, will boost the budget by 1.5 billion z
Published 24 Jul, 2016 12:00am
G20 officials vow to tackle steel, industrial overcapacity

G20 officials vow to tackle steel, industrial overcapacity

The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday. In a draft statement obtained by Reuters, the
Published 24 Jul, 2016 12:00am
Croatia's budget gap narrows almost 70 percent

Croatia's budget gap narrows almost 70 percent

Croatia's budget deficit shrunk by nearly 70 percent in the first half of 2016, Finance Minister Zdravko Maric said, due to faster-than-expected economic growth that could exceed this year's 2 percent target. The budget deficit in the first half amounted
Published 24 Jul, 2016 12:00am
China should let market deal with corporate bond defaults

China should let market deal with corporate bond defaults

China should let the market play a bigger role in dealing with bond defaults and local governments should reduce support for defaulting firms, a newspaper owned by the country's central bank said in a commentary on Saturday. If not, investors will lose th
Published 24 Jul, 2016 12:00am
China should let market deal with corporate bond defaults

China should let market deal with corporate bond defaults

China should let the market play a bigger role in dealing with bond defaults and local governments should reduce support for defaulting firms, a newspaper owned by the country's central bank said in a commentary on Saturday. If not, investors will lose th
Published 24 Jul, 2016 12:00am
EU approves Monsanto, Bayer genetically modified soyabeans

EU approves Monsanto, Bayer genetically modified soyabeans

The European Commission on Friday approved imports of Monsanto's Roundup Ready 2 Xtend genetically modified soyabean variety, after months of delays that had derailed the US seed giant's product launch this spring. The decision now clears the way for wide
Published 24 Jul, 2016 12:00am
France, Germany fret over wheat damage as harvest nears

France, Germany fret over wheat damage as harvest nears

The threat of damage to wheat crops is increasing in parts of the European Union's top two producers, France and Germany, after weeks of wet, overcast weather, but improving conditions elsewhere could keep the EU on course for a decent harvest. France rem
Published 24 Jul, 2016 12:00am
US corn yields still uncertain despite high July ratings

US corn yields still uncertain despite high July ratings

A look at slumping corn prices would suggest that a huge US harvest is a certainty, but crop data from previous bumper years shows there is a roughly 50 percent chance that come September, yields could be lower than current forecasts. The US Department of
Published 24 Jul, 2016 12:00am
Iran buys more raw sugar as imports gather pace

Iran buys more raw sugar as imports gather pace

Iran has bought 60,000 tonnes of Brazilian raw sugar, adding to an earlier purchase this month as the Islamic Republic steps up imports, trade sources said on Thursday. They said Iran's state buyer the Government Trading Corporation (GTC) purchased the ca
Published 24 Jul, 2016 12:00am
Philippines driving up nickel prices

Philippines driving up nickel prices

Concern over the new Philippine government's mining policies is helping drive global nickel prices to nearly one-year highs, the local industry association said Friday. Staunch mining critic Gina Lopez, President Rodrigo Duterte's environment secretary, h
Published 24 Jul, 2016 12:00am
Russia's sugar production to rise eight percent this year

Russia's sugar production to rise eight percent this year

Russia's sugar production will increase to 5.6 million tonnes in 2016, from 5.2 million tonnes last year, thanks to a larger sowing area and favourable weather, Evgeny Ivanov, a sugar analyst at IKAR, forecast on Tuesday. Russia has been seeking to ramp u
Published 24 Jul, 2016 12:00am
Banks see more gains for gold, silver after Brexit vote

Banks see more gains for gold, silver after Brexit vote

Britain's shock vote to leave the European Union has led analysts to raise their gold price forecasts again this year, after the decision shook up financial markets and sparked a rally in the precious metal to two-year highs. A poll of 25 analysts and tra
Published 24 Jul, 2016 12:00am
Blumberg says its high-tech silos not used to store Egyptian wheat

Blumberg says its high-tech silos not used to store Egyptian wheat

Blumberg Grain said on Wednesday its high-tech silos, the first phase of a wheat storage development project in Egypt, were not used to store any grain in this local harvest season despite being delivered on time. The announcement comes as Egypt, the worl
Published 24 Jul, 2016 12:00am
Argentina raises view of soyabean and corn crops

Argentina raises view of soyabean and corn crops

Argentina on Thursday raised its view for the country's 2015-16 soyabean and corn crops thanks to robust yields but trimmed its outlook for the wheat planting area and warned that wet weather could reduce it further. The Agriculture Ministry said it now e
Published 24 Jul, 2016 12:00am
Damage to bumper global wheat crop spurs use as animal feed

Damage to bumper global wheat crop spurs use as animal feed

From the heart of the US big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. The increased global p
Published 24 Jul, 2016 12:00am
Brazil poultry group buys 90,000 tonnes corn from Argentina
Currency

Brazil poultry group buys 90,000 tonnes corn from Argentina

Brazilian poultry processor GTFoods said on Monday it had bought 90,000 tonnes of Argentine corn as it tries to avoid higher domestic prices for the cereal. GTFoods, which is one of the largest poultry producers in the southern Parana state, said it will
Published 24 Jul, 2016 12:00am
US natural gas futures edge up on heat forecasts

US natural gas futures edge up on heat forecasts

US natural gas futures on Thursday edged higher on a slightly smaller-than-expected storage build and forecasts for continued hotter-than-normal weather over the next two weeks. The US Energy Information Administration said utilities added 34 billion cubi
Published 24 Jul, 2016 12:00am
European wheat prices soar

European wheat prices soar

European wheat prices rocketed on Thursday on growing concerns about the final size of the harvest in top European Union producer and exporter France, traders said. Front-month September on Paris-based Euronext milling wheat futures unofficially closed 4.
Published 24 Jul, 2016 12:00am
US FOB Gulf soyabeans offers mostly unchanged

US FOB Gulf soyabeans offers mostly unchanged

Export premiums for soyabeans shipped from the US Gulf Coast were mostly unchanged on Thursday amid slowing demand for old-crop shipments and rising demand for post-harvest supplies, traders said. Exporters expect soyabean shipments to accelerate in the c
Published 24 Jul, 2016 12:00am
Indonesia's June crude palm oil stocks fall despite rise in output

Indonesia's June crude palm oil stocks fall despite rise in output

Indonesia's crude palm oil (CPO) output likely rose 12.6 percent in June from May, marking a second month of growth as weather conditions improved although inventories still declined due to a stretch of dry weather, according to a Reuters survey.
Published 24 Jul, 2016 12:00am
China's June sugar imports up 54 percent on lower prices

China's June sugar imports up 54 percent on lower prices

China, the world's top sugar buyers, imported 369,189 tonnes of raw sugar in June, up 54 from the same period a year earlier and much more than prior months as low global prices attracted customers. Imports for the first six months, however, were down 43
Published 24 Jul, 2016 12:00am
Indian soyabeans futures lower for second session

Indian soyabeans futures lower for second session

Indian soyabean futures ended lower for a second straight session on Thursday as the steady sowing process of the oilseed continued due to a good monsoon season. The October soyabean contract on the National Commodity & Derivatives Exchange slipped 0.3 pe
Published 24 Jul, 2016 12:00am
Brazil's 2016-17 coffee crop 64 percent harvested

Brazil's 2016-17 coffee crop 64 percent harvested

Brazil's 2016-2017 coffee crop is 64 pct harvested as of July 19, up from 62 pct a year ago but slightly lagging the average harvest rate of 65 pct at this period, local crop analysts Safras & Mercado said on Thursday. Safras estimates the bumper crop at
Published 24 Jul, 2016 12:00am
Freight rates for large capesize dry cargo to slip

Freight rates for large capesize dry cargo to slip

Freight rates for large capesize dry cargo ships on key Asian routes could nudge lower next week although they are generally expected to remain around the current levels, ship brokers said. "Owners still have confidence in the market," a Shanghai-based ca
Published 24 Jul, 2016 12:00am
Tunisia buys 142,000 tonnes of soft milling wheat

Tunisia buys 142,000 tonnes of soft milling wheat

The lowest offer in an international tender from Tunisia's state grains agency on Thursday to purchase 142,000 tonnes of soft milling wheat was $177.69 a tonne c&f for optional-origin supplies, European traders said. No purchase has yet been made and resu
Published 24 Jul, 2016 12:00am
Cotton market: trade activity improves
Cotton

Cotton market: trade activity improves

Trade activity improved on the cotton market on steady flow of buying orders from needy mills and spinners, dealers said on Saturday. The official spot rate failed to halt erosion, losing more Rs 100 to Rs 6,400, dealers said. Seed cotton prices in Sindh,
Published 24 Jul, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida continued downward trend on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 2051.80 on Thursday and it commenced with Rs 2 down to Rs 2049.80 in the wee hours, they add
Published 24 Jul, 2016 12:00am
Indian rice prices up on higher demand and lower supplies

Indian rice prices up on higher demand and lower supplies

Asian rice export prices were mixed on Wednesday, with prices in top exporter India edging up on higher demand and lower supplies, while Vietnamese prices fell to near the lowest in five months on a lack of buying interest, traders said. India's 5 percent
Published 24 Jul, 2016 12:00am
Kaine wows rally on first day as Clinton running mate

Kaine wows rally on first day as Clinton running mate

Tim Kaine made a big splash Saturday in his first appearance as Hillary Clinton's running mate for the White House, savaging Donald Trump's foreign policy ideas as dangerous and wowing a Miami crowd with fluent Spanish. Kaine, a 58-year-old senator from t
Published 24 Jul, 2016 12:00am
Nepra likely to approve Rs 2.35 per unit refund

Nepra likely to approve Rs 2.35 per unit refund

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed Ju
Published 24 Jul, 2016 12:00am
Nepra likely to approve Rs 2.35 per unit refund

Nepra likely to approve Rs 2.35 per unit refund

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed Ju
Published 24 Jul, 2016 12:00am
Nepra likely to approve Rs 2.35 per unit refund

Nepra likely to approve Rs 2.35 per unit refund

National Electric Power Regulatory Authority (Nepra) is likely to approve a refund of Rs 2.35 per unit to consumers under a monthly fuel adjustment mechanism overcharged by the power Distribution Companies (Discos) in June 2016. The regulator has fixed Ju
Published 24 Jul, 2016 12:00am
Pakistan, Afghanistan to discuss border management on July 26

Pakistan, Afghanistan to discuss border management on July 26

The first meeting of Afghanistan-Pakistan joint technical working group under the high level consultation mechanism for co-ordination on border management and related security issues will be held in Kabul on 26 July 2016. Pakistan delegation to this meeti
Published 24 Jul, 2016 12:00am
Pakistan, Afghanistan to discuss border management on July 26

Pakistan, Afghanistan to discuss border management on July 26

The first meeting of Afghanistan-Pakistan joint technical working group under the high level consultation mechanism for co-ordination on border management and related security issues will be held in Kabul on 26 July 2016. Pakistan delegation to this meeti
Published 24 Jul, 2016 12:00am
Pakistan condemns attacks

Pakistan condemns attacks

Pakistan strongly condemns the dastardly terrorist acts in Kabul today that resulted in the loss of a number of precious human lives while injuring several others. The government and the people of Pakistan extend their sincere condolences and profound sym
Published 24 Jul, 2016 12:00am
Pakistan condemns attacks

Pakistan condemns attacks

Pakistan strongly condemns the dastardly terrorist acts in Kabul today that resulted in the loss of a number of precious human lives while injuring several others. The government and the people of Pakistan extend their sincere condolences and profound sym
Published 24 Jul, 2016 12:00am
80 dead as IS claims twin blasts during Kabul protest

80 dead as IS claims twin blasts during Kabul protest

Islamic State claimed responsibility for twin explosions Saturday that ripped through crowds of Shia Hazaras in Kabul, killing at least 80 people and wounding 231 others in the deadliest attack in the Afghan capital since 2001. The bombings during a huge
Published 24 Jul, 2016 12:00am
80 dead as IS claims twin blasts during Kabul protest

80 dead as IS claims twin blasts during Kabul protest

Islamic State claimed responsibility for twin explosions Saturday that ripped through crowds of Shia Hazaras in Kabul, killing at least 80 people and wounding 231 others in the deadliest attack in the Afghan capital since 2001. The bombings during a huge
Published 24 Jul, 2016 12:00am
G20 ministers urge tighter tax rules for MNCs

G20 ministers urge tighter tax rules for MNCs

The world''''s major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms
Published 24 Jul, 2016 12:00am
G20 ministers urge tighter tax rules for MNCs

G20 ministers urge tighter tax rules for MNCs

The world''s major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms fr
Published 24 Jul, 2016 12:00am
G20 ministers urge tighter tax rules for MNCs

G20 ministers urge tighter tax rules for MNCs

The world's major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms fro
Published 24 Jul, 2016 12:00am
G20 ministers urge tighter tax rules for MNCs

G20 ministers urge tighter tax rules for MNCs

The world's major economies need to deepen co-operation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms fro
Published 24 Jul, 2016 12:00am
G20 countries face calls for action to boost growth

G20 countries face calls for action to boost growth

The world''s leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain''s vote to leave the European Union threatening more disruption. Cent
Published 24 Jul, 2016 12:00am
G20 countries face calls for action to boost growth

G20 countries face calls for action to boost growth

The world's leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain's vote to leave the European Union threatening more disruption. Centra
Published 24 Jul, 2016 12:00am
G20 countries face calls for action to boost growth

G20 countries face calls for action to boost growth

The world's leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain's vote to leave the European Union threatening more disruption. Centra
Published 24 Jul, 2016 12:00am
Cotton sowing target missed by wide margin of 21 percent
Cotton

Cotton sowing target missed by wide margin of 21 percent

Pakistan has missed the cotton sowing target by a wide margin of 21 percent in the current crop season. As a result, the country would miss the production target of 14.1 million bales by over 25 percent. The official sources at the Ministry of Textile Ind
Published 24 Jul, 2016 12:00am
Cotton sowing target missed by wide margin of 21 percent
Cotton

Cotton sowing target missed by wide margin of 21 percent

Pakistan has missed the cotton sowing target by a wide margin of 21 percent in the current crop season. As a result, the country would miss the production target of 14.1 million bales by over 25 percent. The official sources at the Ministry of Textile Ind
Published 24 Jul, 2016 12:00am
Cotton sowing target missed by wide margin of 21 percent
Cotton

Cotton sowing target missed by wide margin of 21 percent

Pakistan has missed the cotton sowing target by a wide margin of 21 percent in the current crop season. As a result, the country would miss the production target of 14.1 million bales by over 25 percent. The official sources at the Ministry of Textile Ind
Published 24 Jul, 2016 12:00am
India irked by PM's remarks on IHK situation

India irked by PM's remarks on IHK situation

External Affairs Minister Sushma Swaraj on Saturday said Pakistan has only given us terrorists. Flanked by her deputies, Ministers of State MJ Akbar and former General VK Singh, speaking in New Delhi, she gave a response to Prime Minister Nawaz Sharif for
Published 24 Jul, 2016 12:00am
India irked by PM's remarks on IHK situation

India irked by PM's remarks on IHK situation

External Affairs Minister Sushma Swaraj on Saturday said Pakistan has only given us terrorists. Flanked by her deputies, Ministers of State MJ Akbar and former General VK Singh, speaking in New Delhi, she gave a response to Prime Minister Nawaz Sharif for
Published 24 Jul, 2016 12:00am
Banks waived off Rs 280 billion loans: MoF informs Senate
Cotton

Banks waived off Rs 280 billion loans: MoF informs Senate

The Ministry of Finance has informed the Senate that different commercial banks waived off loans worth Rs 280 billion during the tenure of present government from 2013-15. In a written reply to a question asked by Senator Azam Khan Swati about the written
Published 24 Jul, 2016 12:00am
Banks waived off Rs 280 billion loans: MoF informs Senate
Cotton

Banks waived off Rs 280 billion loans: MoF informs Senate

The Ministry of Finance has informed the Senate that different commercial banks waived off loans worth Rs 280 billion during the tenure of present government from 2013-15. In a written reply to a question asked by Senator Azam Khan Swati about the written
Published 24 Jul, 2016 12:00am
Banks waived off Rs 280 billion loans: MoF informs Senate
Cotton

Banks waived off Rs 280 billion loans: MoF informs Senate

The Ministry of Finance has informed the Senate that different commercial banks waived off loans worth Rs 280 billion during the tenure of present government from 2013-15. In a written reply to a question asked by Senator Azam Khan Swati about the written
Published 24 Jul, 2016 12:00am
12th IMF Review: Dar to hold meeting with SBP officials tomorrow

12th IMF Review: Dar to hold meeting with SBP officials tomorrow

Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation
Published 24 Jul, 2016 12:00am
12th IMF Review: Dar to hold meeting with SBP officials tomorrow

12th IMF Review: Dar to hold meeting with SBP officials tomorrow

Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation
Published 24 Jul, 2016 12:00am
12th IMF Review: Dar to hold meeting with SBP officials tomorrow

12th IMF Review: Dar to hold meeting with SBP officials tomorrow

Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation
Published 24 Jul, 2016 12:00am
Kaine wows rally on first day as Clinton running mate

Kaine wows rally on first day as Clinton running mate

Tim Kaine made a big splash Saturday in his first appearance as Hillary Clinton's running mate for the White House, savaging Donald Trump's foreign policy ideas as dangerous and wowing a Miami crowd with fluent Spanish. Kaine, a 58-year-old senator from t
Published 24 Jul, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 23, 2016).

Published 24 Jul, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 23, 2016).

Published 24 Jul, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 23, 2016).

Published 24 Jul, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 23, 2016).

Published 24 Jul, 2016 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

A downward trend prevailed on the money market on Saturday as the rupee shed modestly against the dollar in the process of trading, dealers said. The rupee fell by 10 paisas in terms of the dollar for buying and selling at Rs 105.50 and Rs 105.70 respecti
Published 24 Jul, 2016 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

A downward trend prevailed on the money market on Saturday as the rupee shed modestly against the dollar in the process of trading, dealers said. The rupee fell by 10 paisas in terms of the dollar for buying and selling at Rs 105.50 and Rs 105.70 respecti
Published 24 Jul, 2016 12:00am
Lean business on grain market
Cotton

Lean business on grain market

Small business was seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Makai low type was higher by Rs 75 to Rs 2325 and the best quality was up by Rs 30 to Rs 2400, other commodities maintained ove
Published 24 Jul, 2016 12:00am
Indonesia buys Australian wheat, Thailand takes feed wheat

Indonesia buys Australian wheat, Thailand takes feed wheat

Indonesian flour millers bought two cargoes of Australian prime wheat in recent deals, while an international trader sold one cargo of feed with optional origin to animal feed makers in Thailand, two trade sources said. Australian prime wheat with 10.5 pe
Published 24 Jul, 2016 12:00am
European vegoils: rapeoil prices boosted by firmer CBOT soyaoil

European vegoils: rapeoil prices boosted by firmer CBOT soyaoil

EU rapeseed oil prices on the European vegetable oils market were mostly higher on Thursday, boosted by gains in Chicago soyabean oil futures. EU rapeseed oil offers were unchanged to 4.00 euros a tonne higher with November-January last traded at 704 euro
Published 24 Jul, 2016 12:00am
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