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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-11-16
Barclays bid rates and maximum rates for payment of interest

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 16 Nov, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

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 16 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Nov, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,966. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.82 billion and the number of lots traded was 13,700. Major business was contributed by gold
Published 16 Nov, 2016 12:00am
European wheat prices rise on euro's fall

European wheat prices rise on euro's fall

European wheat prices rose on Monday, shrugging off a slump in Chicago wheat futures, supported by the euro's fall to a 10 month-low against the dollar boosting euro-denominated grains' competitiveness. December milling wheat on Paris-based Euronext, was
Published 16 Nov, 2016 12:00am
Iron ore futures in Asia drop sharply

Iron ore futures in Asia drop sharply

Iron ore futures in Asia dropped sharply on Tuesday, after a frenzied rally over the past week to multi-year highs, as weaker Chinese steel prices tamed bullish bets on the raw material. Some analysts say the rally in iron ore that saw the benchmark spot
Published 16 Nov, 2016 12:00am
US FOB Gulf soyabean offers steady

US FOB Gulf soyabean offers steady

Export premiums for soyabeans shipped from the US Gulf Coast held steady on Monday, underpinned by moderate export demand from China for near-term shipments, traders said. The USDA confirmed private sales of 324,000 tonnes of US soyabeans to China and 132
Published 16 Nov, 2016 12:00am
Palm oil dips on European vegoils market
Currency

Palm oil dips on European vegoils market

Palm oil on the European vegetable oils market dropped sharply on Monday due to weakness in rival oils on China's Dalian Commodity Exchange and lower soyaoil futures in Chicago on talk of Chinese government measures to curb speculation. A strong dollar, w
Published 16 Nov, 2016 12:00am
US natural gas futures jump on cooler weather

US natural gas futures jump on cooler weather

US natural gas futures on Monday jumped 5 percent on forecasts for cooler weather and higher heating demand through the end of November. Traders, however, noted the gains could be short-lived since temperatures were expected to remain at above-normal leve
Published 16 Nov, 2016 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 178,054 tonnes of cargo comprising 131,103 tonnes of import cargo and 46,951 tonnes of export cargo including 3,559 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday
Published 16 Nov, 2016 12:00am
Prices of quality lint rise further on cotton market
Cotton

Prices of quality lint rise further on cotton market

Rates of quality lint went up further on the cotton market on Tuesday amid strong buying by mills and spinners, dealers said. The official spot rate appreciated by Rs 50 to Rs 6000, dealers said. In Sindh, seed cotton prices were unchanged at Rs 2200-3150
Published 16 Nov, 2016 12:00am
US Midwest soya bids firmer

US Midwest soya bids firmer

Spot basis bids for soyabeans were steady to firmer in the US Midwest on Monday afternoon, on stronger export sales, grain merchants said. Soyabean basis bids rose by 5 cents per bushel at Decatur, Illinois, a key location. Soya bids also rose at a river
Published 16 Nov, 2016 12:00am
CBOT wheat futures fall on strong dollar

CBOT wheat futures fall on strong dollar

Wheat futures on the Chicago Board of Trade fell about 2 percent on Monday on disappointing weekly export data and broad declines in commodities tied to a surging US dollar, traders said. CBOT December wheat settled down 9 cents at $3.94 per bushel after
Published 16 Nov, 2016 12:00am
Historic gems to star at Geneva jewel auctions

Historic gems to star at Geneva jewel auctions

Russian diamonds that reputedly helped broker peace between warring empires three centuries ago will go to the highest bidder at the Geneva jewel auctions this week. The Swiss city's twice-annual sales of rare jewels are often dominated by stones the size
Published 16 Nov, 2016 12:00am
Polish economy grows at slowest pace in three years in Q3

Polish economy grows at slowest pace in three years in Q3

Poland's annual economic growth slowed to its weakest level in three years in the third quarter, data showed on Tuesday, with economists saying a fall in investment was most likely responsible for the slump. Gross domestic product expanded by 2.5 percent
Published 16 Nov, 2016 12:00am
Low oil prices drag on Norway's economy as growth slows

Low oil prices drag on Norway's economy as growth slows

Norway's mainland economy expanded more slowly than expected in the third quarter, dragged down by the knock-on effect of lower investments in the oil industry, data showed on Tuesday. Excluding the offshore oil and natural gas sector that accounts for ab
Published 16 Nov, 2016 12:00am
Mongolia's economy shrinks in first nine months
Currency

Mongolia's economy shrinks in first nine months

Mongolia's economy shrunk in the first nine months of the year, stoking concern annual growth could contract for the first time since the global financial crisis while it weighs bail-out options from agencies such as the IMF and partner countries. The cas
Published 16 Nov, 2016 12:00am
EasyJet presses on with Brexit plan as profits fall
Currency

EasyJet presses on with Brexit plan as profits fall

British airline easyJet said on Tuesday it will apply for a new licence to continue flying within the European Union if Britain leaves the bloc as sterling's slide and fears of militant attacks hit profits. Europe's second biggest no-frills airline behind
Published 16 Nov, 2016 12:00am
EasyJet presses on with Brexit plan as profits fall
Currency

EasyJet presses on with Brexit plan as profits fall

British airline easyJet said on Tuesday it will apply for a new licence to continue flying within the European Union if Britain leaves the bloc as sterling's slide and fears of militant attacks hit profits. Europe's second biggest no-frills airline behind
Published 16 Nov, 2016 12:00am
Kazakhstan president to feature on banknotes

Kazakhstan president to feature on banknotes

Veteran Kazakh President Nursultan Nazarbayev is set to feature on new banknotes in the Central Asian country, the national bank said Tuesday, in another testimony to his personality cult. New 10,000-tenge ($30) banknotes that feature the portrait of the
Published 16 Nov, 2016 12:00am
British inflation slows despite slumping pound

British inflation slows despite slumping pound

British annual inflation surprisingly slowed in October from a two-year high, data showed Tuesday, but it is widely expected to accelerate in the coming months on the back of Brexit. The 12-month inflation rate declined to 0.9 percent compared with 1.0 pe
Published 16 Nov, 2016 12:00am
Mexico banking watchdog boosts oversight of banks after Trump win

Mexico banking watchdog boosts oversight of banks after Trump win

Mexican banking regulators have begun extraordinary daily checks on the health of banks and brokerages since Donald Trump clinched the US presidential election, four people familiar with the matter said. The checks are focused on the capital and liquidity
Published 16 Nov, 2016 12:00am
Merkel, with nod to Trump, warns against protectionism

Merkel, with nod to Trump, warns against protectionism

German Chancellor Angela Merkel called on Tuesday for globalisation to be framed in multilateral agreements rather than see countries adopt protectionist measures, in a thinly veiled warning to US President-elect Donald Trump. In his campaign, Trump argue
Published 16 Nov, 2016 12:00am
Australia economy resilient, more government spending needed: IMF

Australia economy resilient, more government spending needed: IMF

Australia's government should consider slowing its path to budget balance and instead spend more on growth-friendly infrastructure projects, IMF staff said in their annual check-up on the economy. The International Monetary Fund report also recommended th
Published 16 Nov, 2016 12:00am
India to use indelible ink to stop repeat cash exchanges
Currency

India to use indelible ink to stop repeat cash exchanges

India is to use indelible ink to prevent people from exchanging old notes more than once, the government said Tuesday, a week after the withdrawal of high-value banknotes from circulation in a crackdown on "black money". The move comes after reports emerg
Published 16 Nov, 2016 12:00am
Vodafone takes $5 billion charge against new price war in India

Vodafone takes $5 billion charge against new price war in India

Mobile telecoms group Vodafone reported a first-half net loss of 5 billion euros ($5.5 billion) on Tuesday after writing down the value of its Indian business by the same amount due to the start of a price war sparked by a powerful new rival. Chief Execut
Published 16 Nov, 2016 12:00am
German growth hits speed bump

German growth hits speed bump

German economic growth slowed more sharply than expected in the third quarter, official data showed Tuesday, but analysts said they saw Europe's largest economy bouncing back at year's end. German investors were equally upbeat, with a closely-watched surv
Published 16 Nov, 2016 12:00am
Volkswagen reaches 3.0l diesel agreement with EPA

Volkswagen reaches 3.0l diesel agreement with EPA

German automaker Volkswagen and US environmental regulators have reached an agreement on diesel-powered 3.0 liter cars in the company's emissions scandal, a media report said Tuesday. Under the terms of the agreement, which still requires court approval,
Published 16 Nov, 2016 12:00am
Regulators pause controversial US oil pipeline

Regulators pause controversial US oil pipeline

The US government on Monday hit the brakes on a controversial oil pipeline in the state of North Dakota, handing a partial victory to protesting Native Americans. The US Army Corps of Engineers, which needs to grant final permission for the Dakota Access
Published 16 Nov, 2016 12:00am
Strong US retail sales reinforce December interest rate hike

Strong US retail sales reinforce December interest rate hike

US retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month. The Commerce Department sai
Published 16 Nov, 2016 12:00am
Taiwan stocks edge up

Taiwan stocks edge up

Taiwan shares rose after two sessions of losses as investors snapped up beaten-down stocks such as smartphone maker HTC Corp. The main TAIEX index rose 0.2 percent to 8,958.11 points, as of 0253 GMT. It had hit a four-month low during trade in the previou
Published 16 Nov, 2016 12:00am
Tokyo's Nikkei index flat after profit-taking

Tokyo's Nikkei index flat after profit-taking

Tokyo's benchmark stock index gave up early gains to end flat Tuesday, as investors locked in profits after a weak yen pushed the benchmark share gauge to a nine-month high. The Nikkei has soared more than eight percent since getting hammered last Wednesd
Published 16 Nov, 2016 12:00am
Tuesday's early trade: S&P, Nasdaq rise as tech stocks back in favour

Tuesday's early trade: S&P, Nasdaq rise as tech stocks back in favour

The S&P 500 and the Nasdaq rose on Tuesday as tech stocks were back in demand after a post-election drubbing, while the Dow took a breather following a six-day rally. The S&P technology sector, which had fallen about 3 percent since Donald Trump's shock v
Published 16 Nov, 2016 12:00am
Wall Street ends flat as financials' rise offsets tech drop

Wall Street ends flat as financials' rise offsets tech drop

US stocks closed little changed on Monday after rising dramatically the week before and a decline in the technology sector offset a steep rise in financial stocks as investors bet on higher interest rates. After choppy trading late in the session, the Dow
Published 16 Nov, 2016 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks rebounded on Tuesday, recovering from a nearly 3-1/2-month closing low the previous day, as recent sharp gains in US Treasury yields appeared to level off. The benchmark Hang Seng index ended up 0.5 percent, to 22,323.91, while the Hong K
Published 16 Nov, 2016 12:00am
US bond market sell-off resumes, yields touch 2016 highs

US bond market sell-off resumes, yields touch 2016 highs

The bond market sell-off resumed on Monday on the heels of the worst week for US Treasuries in more than seven years, on growing worries that inflation will resurge under the policies of President-elect Donald Trump. The yield on the 30-year Treasury bond
Published 16 Nov, 2016 12:00am
US bond market sell-off resumes, yields touch 2016 highs

US bond market sell-off resumes, yields touch 2016 highs

The bond market sell-off resumed on Monday on the heels of the worst week for US Treasuries in more than seven years, on growing worries that inflation will resurge under the policies of President-elect Donald Trump. The yield on the 30-year Treasury bond
Published 16 Nov, 2016 12:00am
Sri Lankan shares plunge

Sri Lankan shares plunge

Sri Lankan shares on Tuesday hit a two-week closing low in thin trade as investor sentiment was dented by last week's budget proposals that were announced to revise corporate and withholding taxes and boost revenue. The government aims to boost its 2017 t
Published 16 Nov, 2016 12:00am
India's NSE index falls

India's NSE index falls

India's NSE index fell more than 2 percent on Tuesday as market heavyweight Tata Motors slumped after posting weaker-than-expected earnings, and lenders such as ICICI Bank and HDFC Bank declined. The broader NSE index closed down 2.26 percent at 8,108.45,
Published 16 Nov, 2016 12:00am
China stocks slip

China stocks slip

China stocks edged lower on Tuesday, snapping a three-day winning streak, as investors took profits in resource stocks after a slump in the country's commodity futures market. The bluechip CSI300 index was flat at 3,429.87, while the Shanghai Composite In
Published 16 Nov, 2016 12:00am
European shares edge up as oil rallies, utilities bounce

European shares edge up as oil rallies, utilities bounce

European shares edged up on Tuesday helped by a surge in crude oil prices and a rebound in utilities, while telecoms equipment maker Nokia slumped on a disappointing earnings outlook update. The STOXX 600 rose 0.3 percent at the end of a choppy session. T
Published 16 Nov, 2016 12:00am
Australian shares a shade lower; New Zealand up

Australian shares a shade lower; New Zealand up

Australian shares ended Tuesday just a shade lower, recouping some early losses after positive remarks on the economy from the Reserve Bank of Australia offset risk aversion. The S&P/ASX 200 index slipped 19.5 points or 0.37 percent to 5,326.2 at the clos
Published 16 Nov, 2016 12:00am
Southeast Asian markets: Indonesia posts lowest close in four months

Southeast Asian markets: Indonesia posts lowest close in four months

Indonesian stocks extended their slide on Tuesday to post their lowest close since July 11, while Malaysian shares rose after two straight sessions of declines. The Jakarta Composite Index closed 0.73 percent lower after rising as much as 1 percent earlie
Published 16 Nov, 2016 12:00am
FTSE up as energy stocks recover, grocers soar

FTSE up as energy stocks recover, grocers soar

Britain's top share index advanced for a second straight day on Tuesday, with energy shares tracking a rally in crude oil while supermarket stocks gained after encouraging industry data. Retail stocks were among the top risers, with Britain's biggest supe
Published 16 Nov, 2016 12:00am
Dollar trades in sight of 13-1/2 year peak in Asia
Currency

Dollar trades in sight of 13-1/2 year peak in Asia

The dollar traded within sight of its highest level in more than 13-1/2 years on Tuesday as bond yields soared on expectations that President-elect Donald Trump's economic policies will fuel inflation. The dollar index, which measures the greenback's valu
Published 16 Nov, 2016 12:00am
Dollar dips in Europe
Currency

Dollar dips in Europe

The dollar slipped from an 11-month high against a basket of major currencies on Tuesday, pausing for breath after rallying almost 3 percent since Donald Trump won the US presidential election. Trump's shock victory has fuelled expectations of higher US g
Published 16 Nov, 2016 12:00am
Surging bond yields lift dollar to 11-month high in New York
Currency

Surging bond yields lift dollar to 11-month high in New York

The dollar rose to an 11-month high against a basket of major currencies on Monday, in step with a jump in US bond yields as traders bet fiscal and trade policies under a Donald Trump administration would stoke inflation. Trump's stunning US presidential
Published 16 Nov, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.53-78.56 (previous 78.51-78.52).
Published 16 Nov, 2016 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Tuesday, in line with declines in emerging market currencies on investor fears higher US interest rates under incoming President Donald Trump would spark capital outflows from those markets, while importer dollar demand also w
Published 16 Nov, 2016 12:00am
Asia forex: most emerging currencies up
Currency

Asia forex: most emerging currencies up

Most emerging Asian currencies edged up on Tuesday after their sharp sell-off, but the outlook for the region remains bearish as the dollar hovered around a 14-year peak on rising US Treasury yields. The rupiah rose as Indonesia's exports in October beat
Published 16 Nov, 2016 12:00am
China's yuan falls to near eight-year low

China's yuan falls to near eight-year low

China's yuan fell to its lowest level in nearly eight years and on Tuesday as the dollar climbed on expectations of higher interest rates under President-elect Donald Trump. The yuan broke through 6.86 per dollar in morning trade, its weakest since Decemb
Published 16 Nov, 2016 12:00am
Sterling falls broadly after Brexit memo leak
Currency

Sterling falls broadly after Brexit memo leak

Sterling fell back broadly on Tuesday, handing back much of three days of solid gains against the euro as media reports refocused traders' attention on the political risks associated with Britain's departure from the European Union. The immediate trigger
Published 16 Nov, 2016 12:00am
Aussie, kiwi bounce

Aussie, kiwi bounce

The Australian dollar bounced from a one-month low on Tuesday, underpinned by rising commodity prices, and as a prediction of rising inflation from the country's central bank implied further interest rate cuts were off the agenda for now. The Australian d
Published 16 Nov, 2016 12:00am
Kerry peace bid for Yemen dismissed by government

Kerry peace bid for Yemen dismissed by government

US Secretary of State John Kerry said on Tuesday that rebels are ready to observe a cease-fire in Yemen starting this week but the government swiftly dismissed the plan. The Iran-backed Huthi rebels had agreed to a "cessation of hostilities beginning on N
Published 16 Nov, 2016 12:00am
Nimrud recaptured but heavily damaged

Nimrud recaptured but heavily damaged

Iraqi forces have retaken the ancient city of Nimrud, but it has been heavily damaged by the Islamic State group, an AFP journalist who visited the site on Tuesday said. Statues lie shattered, a reconstructed palace is wrecked and the remains of a ziggura
Published 16 Nov, 2016 12:00am
Cuba pardons nearly 800 prisoners at pope's request

Cuba pardons nearly 800 prisoners at pope's request

Cuba has pardoned 787 prisoners in response to Pope Francis's call for world leaders to show mercy to inmates, authorities said Tuesday. The communist country's powerful Council of State, headed by President Raul Castro, issued the sweeping pardon in hono
Published 16 Nov, 2016 12:00am
Britain has no Brexit plan, leaked memo claims

Britain has no Brexit plan, leaked memo claims

The British government has no overarching plan for Brexit and may take another six months to agree a negotiating strategy, according to a leaked memo published by The Times on Tuesday. Civil servants are struggling to cope with more than 500 Brexit-relate
Published 16 Nov, 2016 12:00am
Nato chief 'certain' Trump will meet US commitments

Nato chief 'certain' Trump will meet US commitments

Nato head Jens Stoltenberg on Tuesday said he was sure Donald Trump would live up to all US commitments to the alliance, just days after urging the president-elect not to go it alone. "President-elect Donald Trump stated during the election campaign that
Published 16 Nov, 2016 12:00am
British court orders end to prison guards protest

British court orders end to prison guards protest

A British court ordered thousands of prison officers back to work on Tuesday, saying there had been incidents in prisons during their industrial action and calling the situation "very concerning". Union leaders had called the 24-hour work stoppage saying
Published 16 Nov, 2016 12:00am
Syria, backed by ally Russia, renews assault on rebels

Syria, backed by ally Russia, renews assault on rebels

Syria's government and its ally Russia launched Tuesday a wide-ranging assault on rebel strongholds with renewed strikes on the besieged eastern neighbourhoods of battered second city Aleppo. The operation was the first of its kind since Donald Trump won
Published 16 Nov, 2016 12:00am
Indian journalist's murder: CJP for fair probe

Indian journalist's murder: CJP for fair probe

Authorities in India's Bihar state should credibly investigate and swiftly bring to justice all those responsible for the murder of journalist Dharmendra Singh, the Committee to Protect Journalists said on Tuesday. Three men on November 12 shot Singh, a r
Published 16 Nov, 2016 12:00am
UN slams North Korea for diverting funds to missiles

UN slams North Korea for diverting funds to missiles

UN member states on Tuesday condemned widespread human rights violations in North Korea and expressed concerns that funds needed to ease the dire humanitarian crisis are spent on Pyongyang's missile and nuclear programs. A resolution drafted by Japan and
Published 16 Nov, 2016 12:00am
Russian economy minister under house arrest over bribe charges

Russian economy minister under house arrest over bribe charges

Russia on Tuesday put Economy Minister Alexei Ulyukayev under house arrest for two months over suspicions he pocketed a two-million-dollar payoff during a deal involving state-controlled oil giant Rosneft. Ulyukayev was the highest ranking official detain
Published 16 Nov, 2016 12:00am
Saudi fury as Japan boost World Cup hopes

Saudi fury as Japan boost World Cup hopes

Japan beat Saudi Arabia 2-1 in a foul-tempered qualifier Tuesday as a debatable Hiroshi Kiyotake penalty boosted their hopes of qualifying for a sixth successive World Cup in 2018. The Blue Samurai drew level with the Group B leaders on 10 points after a
Published 16 Nov, 2016 12:00am
World Cup qualifying: Iran bogged down in 0-0 draw with Syria

World Cup qualifying: Iran bogged down in 0-0 draw with Syria

Asian heavyweights Iran splashed to a 0-0 draw against Syria in World Cup qualifying Tuesday on a swampy Malaysian pitch that will raise questions over why the match was allowed to proceed. Neither side mounted much sustained pressure in the dreary contes
Published 16 Nov, 2016 12:00am
Gangs stay ahead in sport's illegal gambling war

Gangs stay ahead in sport's illegal gambling war

Gangs are using instant messenger services to pass on match information to illegal gamblers and sport needs to act to catch up, the head of world cricket's anti-corruption united told AFP. Ronnie Flanagan, former chief constable of the Royal Ulster Consta
Published 16 Nov, 2016 12:00am
Swimmers worth their salt cross shrinking Dead Sea

Swimmers worth their salt cross shrinking Dead Sea

A group of swimmers braved the sting of extremely salty waters to cross the Dead Sea from Jordan to Israel on Tuesday, a seven-hour challenge that organisers described as a first. The swim organised by the EcoPeace charity was aimed at raising awareness f
Published 16 Nov, 2016 12:00am
WADA suspends Doha test lab for four months

WADA suspends Doha test lab for four months

The World Anti-Doping Agency (WADA) has suspended the main Qatar drug testing analysis laboratory in Doha for four months for failing to meet tougher guidelines. The suspension, which began on November 7, prohibits the laboratory from any anti-doping meas
Published 16 Nov, 2016 12:00am
Thiem downs Monfils to keep Tour Finals hopes alive

Thiem downs Monfils to keep Tour Finals hopes alive

Austria's Dominic Thiem kept alive his hopes of reaching the semi-finals of the ATP Tour Finals with a 6-3, 1-6, 6-4 victory over Gael Monfils on Tuesday. Thiem lost his opening group stage match against Novak Djokovic, but the Tour Finals debutant could
Published 16 Nov, 2016 12:00am
Qatar agrees joint World Cup stadium inspections

Qatar agrees joint World Cup stadium inspections

Qatar World Cup 2022 organisers, under fire over labour conditions, said Tuesday they will allow international trade union inspections of stadium sites from next year. An agreement has been reached with the global Building and Wood Workers' International
Published 16 Nov, 2016 12:00am
KP Junior Squash: Laiba, Hamza, Humam advance

KP Junior Squash: Laiba, Hamza, Humam advance

Laiba Ijaz, Hamza and Humam in the Girls Under-15 and Boys Under-11 categories moved to next round after securing victories against their respective rivals on the opening day of the KP Junior Girls and Boys Squash Championship which got under way here at
Published 16 Nov, 2016 12:00am
South Africa humble Australia in Test series triumph

South Africa humble Australia in Test series triumph

South Africa demolished Australia by an innings and 80 runs after yet another batting collapse to claim their third successive Test series Down Under Tuesday, plunging the hosts further into crisis. The Proteas bowled out the home side for 161 before lunc
Published 16 Nov, 2016 12:00am
Cotton futures move higher
Cotton

Cotton futures move higher

Cotton futures edged higher on Monday after trading in a fairly tight range, as gains on talk of a downward revision in production by China were capped by a stronger dollar. "The two forces balanced each other out," said Gabriel Crivorot, analyst at Socie
Published 16 Nov, 2016 12:00am
Shanghai copper down

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange settled 4.3 percent down at 43,670 yuan ($6,371) a tonne, pulling the London contract lower, as traders cashed in gains after last week's dramatic price spikes supported by Donald Trump's US
Published 16 Nov, 2016 12:00am
Copper halts week-long rally

Copper halts week-long rally

Copper prices fell on Tuesday, as the dollar steadied around 11-month highs and traders took profits made after a week-long rally fuelled by Donald Trump's US election victory. Three-month LME copper fell 3.2 percent to a one-week low of $5,360 a tonne an
Published 16 Nov, 2016 12:00am
Oil prices soar on renewed hopes of Opec output deal

Oil prices soar on renewed hopes of Opec output deal

Oil prices jumped as much as 5 percent on Tuesday, bouncing back from multi-month lows on renewed expectations that Opec will agree later this month to cut production to reduce a supply glut that has weighed on prices for more than two years.
Published 16 Nov, 2016 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures ended up 1.3 percent on Tuesday, following a near 4-percent tumble the previous day, buoyed by worries over supply shortages and a weaker yen. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber pric
Published 16 Nov, 2016 12:00am
Palm oil futures fall for second session in a row
Currency

Palm oil futures fall for second session in a row

Malaysian palm oil futures declined for a second straight session on Tuesday after weaker export data from a cargo surveyor prompted traders to sell. Palm price movements have been volatile in the two previous trading sessions. Palm dropped more than 4 pe
Published 16 Nov, 2016 12:00am
Sugar tumbles as contracts expire; cocoa at three-year low

Sugar tumbles as contracts expire; cocoa at three-year low

Sugar futures tumbled to two-month lows on Tuesday, pressured by the expiry of December raw options and December white futures combined with chart-based selling. New York cocoa fell to its lowest in more than three years on expectations for a global 2016/
Published 16 Nov, 2016 12:00am
Gold falls in New York

Gold falls in New York

Gold fell for the third straight session on Monday, reaching a 5-1/2-month low as the dollar and Treasury yields strengthened on expectations that President-elect Donald Trump will boost US spending. The market pared losses as the greenback and yields cam
Published 16 Nov, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold prices edged higher on Tuesday as investors snapped up bars and coins in a wave of physical buying after the metal dropped to its lowest level in nearly six months in the previous session. Spot gold was up 0.4 percent at $1,224.46 an ounce at 0554 GM
Published 16 Nov, 2016 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Tuesday, snapping a three-session losing streak, on uncertainty over the economic policies of US President-elect Donald Trump. Trump has vowed to boost domestic spending, which has the potential to stoke inflation and dent demand for
Published 16 Nov, 2016 12:00am
Finland cancels plan to close troubled nickel mine

Finland cancels plan to close troubled nickel mine

Finland's government decided Friday to grant new public funding for its troubled Talvivaara mine, cancelling a previous plan to permanently close what was once the European Union's biggest nickel mine.
Published 16 Nov, 2016 12:00am
US MIDDAY: corn and wheat rebound

US MIDDAY: corn and wheat rebound

US corn and wheat prices each rose about 1 percent on Tuesday as strength in crude oil helped the broader commodities sector rebound from sharp declines a day earlier, analysts said. Soyabean futures were modestly higher, supported by bullish monthly US c
Published 16 Nov, 2016 12:00am
Pakistan State Oil (PSO)
Currency

Pakistan State Oil (PSO)

Pakistan State Oil (PSX: PSO) is the country's oil marketing giant involved in storage, distribution and marketing of various petroleum products. The OMC has motor gasoline, furnace, high speed diesel, kerosene, LPG, jet fuel, CNG, petrochemicals and
Published 16 Nov, 2016 12:00am
Pakistan State Oil (PSO)
Currency

Pakistan State Oil (PSO)

Pakistan State Oil (PSX: PSO) is the country's oil marketing giant involved in storage, distribution and marketing of various petroleum products. The OMC has motor gasoline, furnace, high speed diesel, kerosene, LPG, jet fuel, CNG, petrochemicals and
Published 16 Nov, 2016 12:00am
ICMAP discusses new Companies Ordinance

ICMAP discusses new Companies Ordinance

Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) in a stakeholders conference held on Tuesday, valued the issuance of Companies Ordinance 2016 which is catering better disclosure requirements specially in the context of prevailing
Published 16 Nov, 2016 12:00am
Business community urged to invest in forestry sector

Business community urged to invest in forestry sector

Pakistan has a total area of 1472000 hectares under forest and deforestation was witnessed at an alarming rate of 2.1 percent from 1990 to 2015 on an average, said CEO of the South Punjab Forest Company (SPFC) Tahir Rashid while quoting the figure from a
Published 16 Nov, 2016 12:00am
NTDC completes 26 projects to reinforce transmission system in 3 years

NTDC completes 26 projects to reinforce transmission system in 3 years

Managing Director National Transmission and Despatch Company Dr Fiaz A. Chaudhry has said that the Company has completed 26 projects to reinforce and expand its transmission system during the last three years. While giving details of latest updates on the
Published 16 Nov, 2016 12:00am
LG honoured with 21 CES 2017 Innovation Awards

LG honoured with 21 CES 2017 Innovation Awards

The Consumer Technology Association (CTA(tm)) is recognising LG Electronics (LG) for groundbreaking innovations in technology and design with 21 CES 2017 Innovation Awards, including recognition for the company's ultra-premium LG SIGNATURE product portfol
Published 16 Nov, 2016 12:00am
GCU establishing Anti-Narcotics Society

GCU establishing Anti-Narcotics Society

The Government College University (GCU) Lahore has announced establishing "Anti-Narcotics Society" to involve its students in combating the increasing use of drugs among the educated youth, especially in elite institutions, through awareness and support o
Published 16 Nov, 2016 12:00am
College professor shot dead

College professor shot dead

Unidentified armed men on Tuesday shot dead a professor of Government College of Science in Lahore's Iqbal Town area. As per details, Professor Rao Altaf Hussain was killed when attackers opened fire on his car as he was returning home after dropping off
Published 16 Nov, 2016 12:00am
'Punjab government successfully completes uplift agenda'

'Punjab government successfully completes uplift agenda'

The Punjab government has succeeded to complete its development agenda as well as improving security scenario in the province. This was revealed during a briefing to a 30-member delegation of National Institute of Management (NIM) Peshawar comprising thre
Published 16 Nov, 2016 12:00am
LHC reserves verdict

LHC reserves verdict

The Lahore High Court on Tuesday reserved its verdict on maintainability of a petition seeking reinstatement of dysfunctional special courts established under the Protection of Pakistan Act (POPA).
Published 16 Nov, 2016 12:00am
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