The Securities and Exchange Commission of Pakistan (SECP) has introduced a new regulatory framework for new and existing credit rating agencies and made it mandatory for new companies seeking licenses from the Commission to fulfil laid down conditions/res
The Securities and Exchange Commission of Pakistan (SECP) has introduced a new regulatory framework for new and existing credit rating agencies and made it mandatory for new companies seeking licenses from the Commission to fulfil laid down conditions/res
Quetta on Monday witnessed the most dastardly act of terrorism in its history in which at least 70 people were killed and around 125 injured when an early morning explosion took place in city's Civil Hospital soon after the body of Balochistan Bar Associa
Quetta on Monday witnessed the most dastardly act of terrorism in its history in which at least 70 people were killed and around 125 injured when an early morning explosion took place in city's Civil Hospital soon after the body of Balochistan Bar Associa
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
My wife and I had been there a few years before, as tourists, and didn't like it. We found Paris expensive and the French arrogant. They drove on the wrong side of the road - and honked at me for having the temerity to follow the speed limit. They didn't
Shabir Ahmed, being recognised by the Republic of France for his role in promoting bilateral relations between Pakistan and France, merits more than congratulations on this honour that he richly deserves. It is a tribute and pride to our family, entire bu
We pay heartiest gratitude to the Managing Director of DL Nash, Pakistan's one of the finest exporting houses, Mr Shabir Ahmed who has been awarded medal of "Chevalier De L' Ordre, National Du Merite" by the Government of France on his long association wi
I wish to congratulate Shabbir Ahmed of DL Nash on getting the French National Award; "Chevalier de L' ordre National Du Merite" for his long association with the French businesses specially the joint venture with DL Nash.
My relationship with Shabir Ahmed started as soon as I arrived in Pakistan. He became one of my mentors in a very short span of time, giving me useful advice and introducing me to key Pakistani business players.
I am particularly happy to have had the opportunity to host, in my residence, on August 5th, the ceremony during which H.E. Mrs Martine Dorance, Ambassador of France to Pakistan, has bestowed the title of "Chevalier de l'Ordre National du Mérite" upon Mr
Shabir Ahmed is one of the leading exporters of Houshold Linen from Pakistan. He has been in the business for the last many years. Considering his rich contributions to promoting the sector globally, he was elected President of Pakistan Bedwear Associatio
I would like to express my profound appreciation to Shabbir Ahmad for his outstanding contribution to the promotion of trade relationship between France and Pakistan and for being a role model for strengthening the existing close and growing ties with Pak
It gives me immense pleasure to learn that the services of Shabir Ahmed, in development of trade between France and Pakistan, have been recognised and the French Government has conferred upon him the FRENCH MEDAL OF CHEVALIER DE L' ORDRE DU MERITE.
ICE Canadian canola futures ended higher on Friday, supported by strength in allied US soya futures and a weaker Canadian dollar, traders said. Gains limited by farmer selling and expectations of a big canola harvest this autumn. November canola settled u
Soyabean spot basis bids were steady to mixed in the US Midwest on Friday as a slow pace of farmer sales and bear-spreading in futures supported bids at some locations, dealers said. Many processors and river terminals have long since rolled their bids to
Chicago Board of Trade wheat futures closed higher on Friday on technical buying including short-covering, with nearby contracts gaining against back months on spreads, traders said. The CBOT September contract led the way up, settling 12-3/4 cents higher
Tanzania aims to raise sugar production by about 31 percent over the next four years to meet domestic demand, the prime minister's office said on Wednesday. Local growers produce around 320,000 tonnes of raw sugar per year against demand of 420,000 tonnes
US natural gas futures on Friday declined on rising production and mixed weather forecasts for a little less heat over the next two weeks and slightly lower power demand for air conditioning. Front-month gas futures for September delivery on the New York
A plunge in wheat production and uncertain crop quality in France could sideline the European Union's top exporter from some overseas markets and push down overall EU wheat exports. Yet within the EU, Romania and Bulgaria should benefit from bumper harves
Surge in mills' demand pushed the rates to touch new highs amid tight supply, dealers said on the cotton market on Monday. The official spot rate was higher by Rs 50 to Rs 6,800, dealers said. In both Sindh and Punjab seed cotton prices were at Rs 3300 an
European wheat futures edged higher on Friday as the market waited for rain-delayed field work to advance to get a clearer picture of weather-related damage to western Europe's harvest. Front-month September milling wheat on the Paris-based Euronext excha
Asia's naphtha cracks fell to the lowest level in more than four years to $16.03 a tonne due to ballooning supplies. Spot prices continued to spiral down. India's Bharat Petroleum Corp (BPCL) sold 30,000 tonnes of naphtha for August 26-28 loading from Mum
Soyabean export premiums for shipments from the US Gulf Coast were steady to firm on Friday on strong demand from China amid tight supplies from rival exporters in South America, traders said. Importers in China are seeking mostly October through December
On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,878 million and the number of lots traded was 14,582. PMEX Commodity Index closed at 2,990. Major business was contributed by gold amounting to PKR 3,628 million. This was followed
Chicago Board of Trade soyabean futures closed higher on Friday on strong demand for US supplies as the government confirmed large export sales for an eighth consecutive trading day, traders said. The benchmark CBOT November soyabean contract settled 17-3
Spot basis bids for hard red winter held steady across the southern US Plains on Friday, grain dealers said. Plentiful supplies allowed dealers to keep bids unchanged despite slow country movement of the grain. Farmer selling was expected to pick up in th
The Karachi Port handled 333,609 tonnes of cargo comprising 270,937 tonnes of import cargo and 62,672 tonnes of export cargo including 5,795 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday The total import cargo of 270,
Palm oil prices in Europe slipped back slightly on Friday after rising strongly earlier in the week but remained underpinned by strengthening demand. RBD palm olein offers ended the day between $7.50 and $10.00 a tonne lower with October/December shipment
Jairo Ciro is just getting back on his feet after more than a third of his coffee crop withered earlier this year because of Colombia's devastating El Nino drought. But now something even worse is on its way - torrential rains and roya leaf rust, a fungus
Wal-Mart Stores announced Monday that it will acquire e-commerce company Jet.com for $3.3 billion as it beefs up its online retail operations in response to Amazon and other competitors. Wal-Mart is paying $3 billion in cash for the online retailer. Share
British company bosses won pay hikes of ten percent last year, creating a growing wages gap as workers faced restraint, a study showed Monday. The average pay package of a FTSE 100 chief executive rose to £5.48 million ($7.12 million, 6.46 million euros)
British consumer spending picked up last month but business confidence remained weak, according to two surveys on Monday that painted a mixed picture of the economy after Britons voted in a June 23 referendum to leave the European Union. Official data has
Delta Airlines grounded all its flights for several hours Monday because of a system-wide computer breakdown, making for a messy day at airports around the world. Even after the US carrier lifted the order about six hours into the snafu, it warned of cont
Just like countless other countries, Spain has been hit so hard by the Pokemon Go craze that travel agencies are seeking to cash in on the global phenomenon with specialised tours. Such is the interest that Junior Travel, a company based in the southern c
Russia said Monday it has launched legal proceedings against US tech giant Apple over the alleged fixing of retail prices for iPhones in the country. The Russian antitrust authority in a statement cited legislation banning businesses from setting up carte
Japan's fair trade watchdog raided the offices of Amazon Japan over allegations that it improperly pressured retailers that sold products on its site, local media said Monday. The Japanese unit of the US-based internet retailer forced conditions such as r
German industrial output rose slightly more than expected in June, but a subdued order intake and a manufacturing outlook clouded by the Brexit vote has kept the onus on private consumption to drive growth in Europe's largest economy. Industrial output ro
A hoped-for export bonanza has failed to materialise a year after a deal to lift international sanctions against Iran over its nuclear programme, a German industry association told AFP Monday. "Despite increased foreign trade, there is a certain disillusi
Chinese appliance giant Midea said on Monday it had secured almost 95 percent of German robotics firm Kuka, in the face of European fears over losing control over the high-tech company. The company already held 13.51 percent of Kuka - a world-leading manu
Airbus Group is bracing for a lengthy period of uncertainty over its core commercial jetliner business after Britain said it would examine suspected irregularities in the use of third-party agents to win contracts. Europe's largest aerospace company said
Stock markets in Qatar and Egypt closed at multi-month highs on Monday on the back of firm global bourses, while Saudi Arabia's stock market was supported by a recovery in oil prices. Qatar's index rose 1.2 percent to 10,920 points, a nine-month high. Vod
Taiwan stocks rose on Monday, tracking global markets after a strong jobs report in the United States. As of 0341 GMT, the main TAIEX index was up 0.2 percent, to 9,113.35 points. It closed at 9,092.12 points in the previous session. The electronics subin
Sri Lankan shares ended slightly weaker in dull trade on Monday, slipping from their more than seven-week closing high hit in the previous session, as investors waited for firm direction on the government's economic policies. The benchmark Colombo stock i
Tokyo stocks ended higher on Monday as forecast-beating US jobs data lifted sentiment and weakened the yen, giving a boost to exporters including Toyota and rival automaker Nissan. On Friday, Wall Street powered to fresh records as the US Labour Departmen
The S&P 500 index failed to hold on to its gains after touching a record high on Monday as a drop in healthcare stocks offset the impact of higher oil prices and a strong jobs report. The S&P 500 healthcare index lost nearly 1 percent, while the Nasdaq bi
Hong Kong stocks advanced to eight-month highs on Monday, tracking gains in Asian markets, as strong US jobs data on Friday lifted investors' risk appetite globally. Both the Hang Seng index and the China Enterprises Index gained 1.6 percent to 22,494.76
Southeast Asian stocks rose on Monday, with Thailand outperforming other markets in the region, after strong US jobs data raised the possibility of a rate hike by the Federal Reserve this year. Thailand's stock market index rose to its highest since April
China shares rose on Monday, as a surge in coal stocks and sustained interest in property shares ignited by drama involving a major developer offset the impact of worse-than-expected trade data. Both China's bluechip CSI300 index and the Shanghai Composit
India's NSE index rose to a 15-1/2 month high on Monday, tracking gains in other Asian markets, after solid US jobs data bolstered expectations of an acceleration in US economic growth at a time of ultra-easy global monetary policy conditions. The broader
European stock markets rose on Monday, propped up by gains in the shares of major banks and other financial stocks, while Dutch firm PostNL surged after results. The pan-European STOXX 600 index edged up 0.04 percent, with Germany's DAX, Britain's FTSE an
Australian shares closed firmer on Monday, tracking Wall Street's positive lead, with banks and industrial metals miners spearheading gains. The S&P/ASX 200 index climbed 0.7 percent, or 40.39 points, to 5,537.8, not far off its highest since August 2015.
Britain's bluechip FTSE 100 index edged up on Monday to touch its highest level in more than 13 months on the back of gains in mining stocks and Barclays, which was boosted by an upgrade. The index ended 0.2 percent higher at 6,809.13 points, having hit i
The commodity-linked Canadian dollar was unchanged against its broadly firmer US counterpart on Monday as oil prices rallied and risk appetite improved. The Canadian dollar's steady performance against the greenback follows steep losses on Friday as a slu
China's yuan weakened on Monday as trade data showed both imports and exports for the world's second largest economy fell significantly faster than economists had expected. The spot market opened at 6.6610 per dollar and was changing hands at 6.6595 at mi
The dollar strengthened against the yen on Monday, extending its gains after strong US job figures bolstered expectations of faster economic growth and raised the probability of a Federal Reserve interest rate increase this year. Nonfarm payrolls rose by
The US dollar extended gains against a basket of currencies on Monday after a stronger-than-anticipated jobs report for July on Friday raised expectations that the Federal Reserve is closer to raising interest rates. Nonfarm payrolls rose by 255,000 jobs
The dollar built on gains following Friday's bumper US jobs numbers on Monday, gaining more than half a percent against the yen ahead of a week of data likely to feed the debate on the chances of a rise in US interest rates this year. Dealers cited an int
Most emerging Asian currencies slid on Monday as strong US jobs data slightly raised expectations of a Federal Reserve interest rate hike this year, while sustained appetite for higher yields in the region limited their losses. The South Korean won, howev