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Apr 08, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-05
Turkey's economic growth to be below potential in 2016 and 2017: IMF

Turkey's economic growth to be below potential in 2016 and 2017: IMF

Turkey's growth will be below potential in 2016 and this year, the International Monetary Fund said on Friday, citing political uncertainty, strained relations with Europe and insecurity at home and in the region. The IMF said growth in 2016 would be 2.7
Published 05 Feb, 2017 12:00am
250,000 homes without power as storm hits SW France

250,000 homes without power as storm hits SW France

Gale-force winds battered France's southwestern Atlantic coast on Saturday, leaving more than quarter of million homes without power, the national electricity grid Enedis said. National weather agency Meteo France said winds reaching speeds of up to 148 k
Published 05 Feb, 2017 12:00am
German liner rescues six from sinking Tongan boat

German liner rescues six from sinking Tongan boat

Six men were rescued by a German cruise liner in the South Pacific on Saturday after leaping into the sea from their sinking Tongan fishing boat, New Zealand rescue authorities said. The fishermen, who had run out of drinking water three days ago, had set
Published 05 Feb, 2017 12:00am
Djokovic survives Davis Cup scare, champions Argentina slump

Djokovic survives Davis Cup scare, champions Argentina slump

Novak Djokovic survived an injury scare and battled back from a set and a break down to help Serbia take a 2-0 lead over Russia in the Davis Cup World Group tie on Friday. Twelve-time major winner Djokovic, just one of two of the world's top 15 playing in
Published 05 Feb, 2017 12:00am
France complete Davis Cup win over Japan

France complete Davis Cup win over Japan

France wrapped up victory in their Davis Cup first-round tie against Japan after Pierre-Hugues Herbert and Nicolas Mahut won Saturday's doubles to give the visitors an unassailable 3-0 lead. The Wimbledon champions swatted aside Yuichi Sugita and Yasutaka
Published 05 Feb, 2017 12:00am
Mladenovic in St Petersburg final

Mladenovic in St Petersburg final

France's big-serving Kristina Mladenovic battled back from a set down to advance into the St Petersburg Trophy final on Saturday with a hard-fought win over Russia's wildcard Natalia Vikhlyantseva. Mladenovic, ranked 51st, won 4-6, 6-2, 6-2 in two hours n
Published 05 Feb, 2017 12:00am
South Africa launches 'global' T20 league

South Africa launches 'global' T20 league

Cricket South Africa on Saturday announced plans for a Twenty20 league which it hopes will attract major international investment and big-name players. The T20 Global League appears to be based on the successful Indian Premier League and Australia's Big B
Published 05 Feb, 2017 12:00am
Hazard jewel cuts Arsenal 12 points adrift

Hazard jewel cuts Arsenal 12 points adrift

Eden Hazard scored a sublime solo goal as Premier League leaders Chelsea thrust a dagger into Arsenal's title aspirations with a 3-1 victory at Stamford Bridge on Saturday. The Belgian winger left a trail of defenders in his wake to double Chelsea's lead
Published 05 Feb, 2017 12:00am
PSL 'Spirit Trophy' set to be unveiled on Monday

PSL 'Spirit Trophy' set to be unveiled on Monday

The trophy launch for the HBL Pakistan Super League (PSL) 2017 edition is being held at the Dubai International Cricket Stadium on February 6 (Monday). Captains of the five participating teams, Chairman PSL Najam Sethi, franchise owners and management wou
Published 05 Feb, 2017 12:00am
Women cricket 'A' team to play with U-16 boys team

Women cricket 'A' team to play with U-16 boys team

The Pakistan Cricket Board (PCB) women's wing has decided to hold one-day matches between Pakistan women cricket A-team and Under-16 boys' cricket team at Multan, Lahore, Rawalpindi, Islamabad and Karachi. The matches will commence from February 8, 2017.
Published 05 Feb, 2017 12:00am
Ahsan & Co reaches Polo Cup main final

Ahsan & Co reaches Polo Cup main final

Ahsan & Co defeated MMS by 7-6 to qualify for the main final of the Rafi Group Polo Cup 2017 here at the Lahore Polo Club (LPC) ground on Saturday. MMS started the match with a tremendous goal by Azam Hayat Noon which was soon levelled by Omar Asjad Malhi
Published 05 Feb, 2017 12:00am
ICC moves closer to Test shake-up

ICC moves closer to Test shake-up

The International Cricket Council has moved closer to a radical shake-up to pave the way for Afghanistan and Ireland to become Test nations and restrict the power of the 'Big Three' of India, England and Australia. Following a meeting at its Dubai headqua
Published 05 Feb, 2017 12:00am
Vietnam legalises betting on football, racing

Vietnam legalises betting on football, racing

Punters in gambling-mad Vietnam cheered the easing of a ban on sports betting Saturday, as the communist government moves to bring a booming black market industry above board. Vietnam has long barred locals from gambling of any form, allowing only a few f
Published 05 Feb, 2017 12:00am
Jazz claims maiden Asian Tour title in Bangladesh

Jazz claims maiden Asian Tour title in Bangladesh

Talented Thai golfer Jazz Janewattananond completed a turnaround in his career claiming his maiden Asian Tour title when he shot a four-under-par 67 in the final round at the US$300,000 Bashundhara Bangladesh Open on Saturday. Jazz faced little challenge
Published 05 Feb, 2017 12:00am
Bolt leads his All Stars to victory in Nitro meet

Bolt leads his All Stars to victory in Nitro meet

The world's fastest man Usain Bolt led his Bolt All-Stars to victory on the opening night of the inaugural Nitro Athletics teams event in Melbourne on Saturday. The world record holder for the 100m and 200m sprints led the Bolt All Stars - including athle
Published 05 Feb, 2017 12:00am
Chile rejects French request to arrest murder suspect

Chile rejects French request to arrest murder suspect

A Chilean judge on Friday rejected a request from France to arrest a man suspected of killing a Japanese student in the French city of Besancon. The Chilean teaching assistant, Nicolas Zepeda Contreras, has been identified as the main suspect in the disap
Published 05 Feb, 2017 12:00am
Nigeria politician returns home after 4 years in UK jail

Nigeria politician returns home after 4 years in UK jail

One of Nigeria's most powerful men, who was jailed in Britain for money laundering and fraud in a landmark anti-corruption case, has returned home, his aides told AFP on Saturday. "Chief James Ibori has arrived. He landed in Abuja in the early hours," sai
Published 05 Feb, 2017 12:00am
Romanian government signals possible retreat

Romanian government signals possible retreat

The head of Romania's ruling socialists signalled Saturday a possible retreat on a contentious corruption decree that has sparked the biggest demonstrations since the fall of Ceausescu in 1989. As tens of thousands of people gathered in Bucharest for a fi
Published 05 Feb, 2017 12:00am
Trump to speak to Poroshenko as Ukraine unrest surges

Trump to speak to Poroshenko as Ukraine unrest surges

US President Donald Trump was to hold his first talks with Ukraine's leader on Saturday as a surge in fighting killed dozens and refocused global attention on bloodshed in the EU's backyard.
Published 05 Feb, 2017 12:00am
At least nine killed in Indonesia boat accident

At least nine killed in Indonesia boat accident

At least nine people have been killed and one is still missing after a fishing boat capsized in eastern Indonesia, an official said Saturday. The wooden boat was carrying around 30 people when it overturned Friday afternoon after departing from Takalar La
Published 05 Feb, 2017 12:00am
US-backed Syrian force in new phase of Raqqa assault

US-backed Syrian force in new phase of Raqqa assault

An alliance of US-backed militias started a new phase of its campaign against the Islamic State-held city of Raqqa on Saturday, aiming to complete its encirclement and sever the road to militant strongholds in Deir al-Zor province.
Published 05 Feb, 2017 12:00am
Russians among 'hundreds' trying to hack Dutch government

Russians among 'hundreds' trying to hack Dutch government

Russian hackers accused of trying to meddle in the recent US elections have tried to infiltrate Dutch ministries among hundreds of cyber attacks ahead of next month's polls here, reports said Saturday. Two Russian groups were behind attempts to pinch the
Published 05 Feb, 2017 12:00am
Ex-premier to run in Kyrgyzstan presidential vote

Ex-premier to run in Kyrgyzstan presidential vote

Kyrgyzstan's former premier Temir Sariyev will run in what is expected to be a tightly-contested presidential vote in the Central Asian country later this year, his party said on Saturday. Sariyev is the first political heavyweight to officially announce
Published 05 Feb, 2017 12:00am
Mobile app helps China recover hundreds of missing children

Mobile app helps China recover hundreds of missing children

A mobile app helped Chinese authorities recover hundreds of missing children last year, Xinhua news agency reported on Saturday, in a country where child trafficking is rampant. The Ministry of Public Security said 611 missing children were found last yea
Published 05 Feb, 2017 12:00am
High-profile Spain trial stokes Catalan independence fervour

High-profile Spain trial stokes Catalan independence fervour

Separatists in Catalonia plan to come out in force Monday when the Spanish region's former leader, Artur Mas, stands trial over a non-binding independence referendum he held, further straining ties with Madrid. Supporters of independence for the wealthy,
Published 05 Feb, 2017 12:00am
Canadian dollar pares losses on US jobs data
Currency

Canadian dollar pares losses on US jobs data

The Canadian dollar weakened slightly against its US counterpart on Friday but clawed back some losses after US jobs data showed tepid wage growth, while the loonie ended higher for the second straight week. US job growth surged more than expected in Janu
Published 05 Feb, 2017 12:00am
Czech crown cap seen ending in Q2 despite central bank caution
Currency

Czech crown cap seen ending in Q2 despite central bank caution

The Czech central bank will exit its cap on currency strength in the second quarter, a Reuters poll showed on Wednesday, despite rate setters' signals they would not rush even as investors increasingly pile into crown markets. The central bank meets for a
Published 05 Feb, 2017 12:00am
Franc breakout points to more tolerant SNB
Currency

Franc breakout points to more tolerant SNB

Daily surges in the past week have taken the Swiss franc to its highest against the euro since last year's vote by Britain to leave the European Union, encouraging German and Swiss bank speculation that the currency will be allowed to rise further. As thi
Published 05 Feb, 2017 12:00am
US dollar longs fall to lowest since late October
Currency

US dollar longs fall to lowest since late October

Speculators reduced bullish bets on the US dollar for a fourth straight week, as net longs fell to their lowest since late October, according to data from the Commodity Futures Trading Commission released on Friday and calculations by Reuters. The value o
Published 05 Feb, 2017 12:00am
Strong Danish crown to keep central bank alert in 2017
Currency

Strong Danish crown to keep central bank alert in 2017

Denmark's central bank will remain on high alert in 2017 to defend its safe-haven currency, which is expected to face more upward pressure from booming US investments and political risks in Europe, the country's biggest bank said on Tuesday. The Danish cr
Published 05 Feb, 2017 12:00am
Dollar inches lower as data shows weak US wage growth

Dollar inches lower as data shows weak US wage growth

The dollar fell on Friday in choppy trading after the US employment report showed a smaller-than-expected rise in wages last month despite strong jobs gains, likely prompting the Federal Reserve to be less aggressive in raising interest rates this year. T
Published 05 Feb, 2017 12:00am
Serbia to sell euros, blame dinar weakening on seasonal demand, Fed

Serbia to sell euros, blame dinar weakening on seasonal demand, Fed

Serbia's central bank intervened in the foreign exchange market to buy euros again on Thursday, dealers said, and its central bank governor was quoted as blaming dinar weakness on season factors and the US Federal Reserve. The dinar has lost around 0.4 pe
Published 05 Feb, 2017 12:00am
Banks, jobs data send Wall Street higher

Banks, jobs data send Wall Street higher

US stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector jumped 2 perce
Published 05 Feb, 2017 12:00am
Norway keeps crown purchases at NOK 1 billion per day
Currency

Norway keeps crown purchases at NOK 1 billion per day

Norway's central bank will keep unchanged its daily sale of foreign currency in February, it said on Tuesday. The bank will sell foreign exchange equivalent to 1.0 billion Norwegian crowns per day. In January the level was raised to 1.0 billion from 900 m
Published 05 Feb, 2017 12:00am
Norway keeps crown purchases at NOK 1 billion per day
Currency

Norway keeps crown purchases at NOK 1 billion per day

Norway's central bank will keep unchanged its daily sale of foreign currency in February, it said on Tuesday. The bank will sell foreign exchange equivalent to 1.0 billion Norwegian crowns per day. In January the level was raised to 1.0 billion from 900 m
Published 05 Feb, 2017 12:00am
US funds recommend cutting equity allocations in January

US funds recommend cutting equity allocations in January

US funds recommended trimming equity allocations in January as they wait for President Donald Trump to announce the infrastructure spending and tax cuts he promised during his election campaign. Following Trump's shock victory in the race for the White Ho
Published 05 Feb, 2017 12:00am
US funds recommend cutting equity allocations in January

US funds recommend cutting equity allocations in January

US funds recommended trimming equity allocations in January as they wait for President Donald Trump to announce the infrastructure spending and tax cuts he promised during his election campaign. Following Trump's shock victory in the race for the White Ho
Published 05 Feb, 2017 12:00am
Snapchat parent Snap to raise up to $3 billion in IPO

Snapchat parent Snap to raise up to $3 billion in IPO

The parent of the fast-growing social network Snapchat filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut. California-based Snap Inc, which had earlier filed confidential docum
Published 05 Feb, 2017 12:00am
Snapchat parent Snap to raise up to $3 billion in IPO

Snapchat parent Snap to raise up to $3 billion in IPO

The parent of the fast-growing social network Snapchat filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut. California-based Snap Inc, which had earlier filed confidential docum
Published 05 Feb, 2017 12:00am
TSX gains as banks benefit from Trump move

TSX gains as banks benefit from Trump move

Canada's main stock index gained on Friday as heavyweight banks got a boost from US President Donald Trump's move to scale back financial regulations, while department store operator Hudson's Bay Co jumped on news it is eyeing larger US retailer Macy's. T
Published 05 Feb, 2017 12:00am
Morocco may issue $1 billion of international bond issues

Morocco may issue $1 billion of international bond issues

Morocco is considering tapping international debt markets in 2017 with about $1 billion of bond issues, a senior official in the finance ministry said. The North African kingdom needs around $3 billion in financing this year to plug a budget deficit expec
Published 05 Feb, 2017 12:00am
Morocco may issue $1 billion of international bond issues

Morocco may issue $1 billion of international bond issues

Morocco is considering tapping international debt markets in 2017 with about $1 billion of bond issues, a senior official in the finance ministry said. The North African kingdom needs around $3 billion in financing this year to plug a budget deficit expec
Published 05 Feb, 2017 12:00am
Global bond issuance volumes smash record

Global bond issuance volumes smash record

Global bond issuance volumes hit a new high in January as borrowers sprinted out of the blocks to raise funds ahead of looming event and market risks. Governments, corporates and financial institutions raised US$530.84bn in the first month of 2017, accord
Published 05 Feb, 2017 12:00am
Global bond issuance volumes smash record

Global bond issuance volumes smash record

Global bond issuance volumes hit a new high in January as borrowers sprinted out of the blocks to raise funds ahead of looming event and market risks. Governments, corporates and financial institutions raised US$530.84bn in the first month of 2017, accord
Published 05 Feb, 2017 12:00am
Nasdaq to close NLX trading venue, reports Q4 loss

Nasdaq to close NLX trading venue, reports Q4 loss

Nasdaq Inc said on Tuesday it would wind down its struggling London-based interest rate derivatives exchange, NLX, as unrelated one-time costs pulled the transatlantic exchange operator to a fourth-quarter loss. Nasdaq started NLX in 2013 to take on Inter
Published 05 Feb, 2017 12:00am
Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. The poll of 13 leading fund managers, co
Published 05 Feb, 2017 12:00am
Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Mideast funds positive on bonds; bullish on stocks but split on Kuwait

Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. The poll of 13 leading fund managers, co
Published 05 Feb, 2017 12:00am
Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria has asked Goldman Sachs and Stanbic IBTC Bank, the local unit of South Africa's Standard Bank, to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic said on Monday. Africa's biggest economy first announce
Published 05 Feb, 2017 12:00am
Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria asks Goldman, Stanbic to help sell debut 'diaspora bond'

Nigeria has asked Goldman Sachs and Stanbic IBTC Bank, the local unit of South Africa's Standard Bank, to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic said on Monday. Africa's biggest economy first announce
Published 05 Feb, 2017 12:00am
Europe gets creative to win banks after Brexit

Europe gets creative to win banks after Brexit

Regulators in European countries competing for post-Brexit banking business are offering London-based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move thei
Published 05 Feb, 2017 12:00am
Amazon profit jumps

Amazon profit jumps

Amazon reported on Thursday that profit leapt during the year-end holiday shopping season, but the tech giant saw shares sink as revenue fell shy of high expectations. While revenue rose to $43.7 billion from $35.7 billion in a similar year-over-year comp
Published 05 Feb, 2017 12:00am
Amazon profit jumps

Amazon profit jumps

Amazon reported on Thursday that profit leapt during the year-end holiday shopping season, but the tech giant saw shares sink as revenue fell shy of high expectations. While revenue rose to $43.7 billion from $35.7 billion in a similar year-over-year comp
Published 05 Feb, 2017 12:00am
Tanzania hikes fuel prices
Currency

Tanzania hikes fuel prices

Tanzania's energy regulator raised maximum fuel prices on Saturday, citing higher international costs for crude and refined products and a weaker local currency. Fuel prices weigh heavily on the inflation rate in the east African country, which rose to 5.
Published 05 Feb, 2017 12:00am
Volkswagen patriarch says ex-CEO knew about emissions cheating

Volkswagen patriarch says ex-CEO knew about emissions cheating

Volkswagen's former supervisory board chief has told German investigators that ex-CEO Martin Winterkorn knew about the "dieselgate" emissions cheating scam well before the scandal broke, news weekly Der Spiegel reported Friday. "Ferdinand Piech has incrim
Published 05 Feb, 2017 12:00am
Sharp net loss shrinks more than 60 percent

Sharp net loss shrinks more than 60 percent

Sharp said Friday its nine-month net loss shrank by more than 60 percent as it upgraded its full-year forecasts on structural reforms and its takeover by Hon Hai. The Japanese industrial mainstay, pummelled by huge losses and mounting debts, was formally
Published 05 Feb, 2017 12:00am
Sharp net loss shrinks more than 60 percent

Sharp net loss shrinks more than 60 percent

Sharp said Friday its nine-month net loss shrank by more than 60 percent as it upgraded its full-year forecasts on structural reforms and its takeover by Hon Hai. The Japanese industrial mainstay, pummelled by huge losses and mounting debts, was formally
Published 05 Feb, 2017 12:00am
Divisions in Turkey's economic team hamper response to lira slide

Divisions in Turkey's economic team hamper response to lira slide

Divisions among Turkey's economic policy makers, which have hindered the central bank and unnerved investors, are unlikely to abate before an April referendum on granting the stronger powers that President Tayyip Erdogan has long sought. The lira has been
Published 05 Feb, 2017 12:00am
Dar reviews progress on LNG power plants

Dar reviews progress on LNG power plants

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division to review the progress on the LNG Power Plants. Federal Minister for Water and Power Khwaja M. Asif was also present during the meeting. Secretary W
Published 05 Feb, 2017 12:00am
Dar reviews progress on LNG power plants

Dar reviews progress on LNG power plants

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division to review the progress on the LNG Power Plants. Federal Minister for Water and Power Khwaja M. Asif was also present during the meeting. Secretary W
Published 05 Feb, 2017 12:00am
Statement further exposed Prime Minister, says Imran

Statement further exposed Prime Minister, says Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said here that statement of the Qatari ambassador to Pakistan has further exposed Prime Minister Nawaz Sharif. In a statement issued here on Saturday, the PTI chief said that the Qatari ambassador has pla
Published 05 Feb, 2017 12:00am
Statement further exposed Prime Minister, says Imran

Statement further exposed Prime Minister, says Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said here that statement of the Qatari ambassador to Pakistan has further exposed Prime Minister Nawaz Sharif. In a statement issued here on Saturday, the PTI chief said that the Qatari ambassador has pla
Published 05 Feb, 2017 12:00am
Qatar seeks to distance itself from Panamagate

Qatar seeks to distance itself from Panamagate

Ambassador Saqr bin Mubarak Al Mansouri has said that Qatari government has nothing to do with the letters of Prince Hamad bin Jassim bin Jaber Al Thani which he wrote regarding business ties with the ruling Sharif family and the copies of which were prod
Published 05 Feb, 2017 12:00am
Qatar seeks to distance itself from Panamagate

Qatar seeks to distance itself from Panamagate

Ambassador Saqr bin Mubarak Al Mansouri has said that Qatari government has nothing to do with the letters of Prince Hamad bin Jassim bin Jaber Al Thani which he wrote regarding business ties with the ruling Sharif family and the copies of which were prod
Published 05 Feb, 2017 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Sunday (February 5) on account of KASHMIR DAY. Arrangements have, however been made to bring out the newspaper and internet edition tomorrow, Monday (February 6), as usual.
Published 05 Feb, 2017 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Sunday (February 5) on account of KASHMIR DAY. Arrangements have, however been made to bring out the newspaper and internet edition tomorrow, Monday (February 6), as usual.
Published 05 Feb, 2017 12:00am
UN lifts sanctions on Gulbuddin Hekmatyar

UN lifts sanctions on Gulbuddin Hekmatyar

The UN Security Council has lifted sanctions on the Afghan warlord Gulbuddin Hekmatyar, previously branded "a global terrorist" and accused of war crimes. The move follows a peace deal between Hekmatyar's insurgent group Hezb-i-Islami and the Afghan gover
Published 05 Feb, 2017 12:00am
UN lifts sanctions on Gulbuddin Hekmatyar

UN lifts sanctions on Gulbuddin Hekmatyar

The UN Security Council has lifted sanctions on the Afghan warlord Gulbuddin Hekmatyar, previously branded "a global terrorist" and accused of war crimes. The move follows a peace deal between Hekmatyar's insurgent group Hezb-i-Islami and the Afghan gover
Published 05 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (February 04, 2017) and the forecast for Sunday (January 08, 2017).

Published 05 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 04, 2017).

Published 05 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 04, 2017).

Published 05 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 04, 2017).

Published 05 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 04, 2017)

Published 05 Feb, 2017 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 04, 2017).

Published 05 Feb, 2017 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 (February 04, 2017).

Published 05 Feb, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 04, 2017).

Published 05 Feb, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 04, 2017).

Published 05 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

KARACHI: Steadier trend was again seen on the money market on Saturday as the rupee managed to retain week-long levels versus the dollar, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90, th
Published 05 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

KARACHI: Steadier trend was again seen on the money market on Saturday as the rupee managed to retain week-long levels versus the dollar, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 107.70 and Rs 107.90, th
Published 05 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 04, 2017).

Published 05 Feb, 2017 12:00am
Shenzhen new home sales fall 23.6 percent

Shenzhen new home sales fall 23.6 percent

New home sales in Shenzhen, one of China's hottest residential markets, slumped 23.6 percent by volume in January compared with a month earlier, the official Xinhua news agency reported on Saturday, citing local government data. Xinhua said homes sales in
Published 05 Feb, 2017 12:00am
Honda upgrades full-year outlook on weak yen
Currency

Honda upgrades full-year outlook on weak yen

Honda on Friday revised up its full-year outlook thanks to a weaker yen but it analysts warned of an uncertain outlook for the auto industry following Donald Trump's drive to support US firms over foreign imports. The company forecast net profit to hit 54
Published 05 Feb, 2017 12:00am
Sri Lanka eyes China free trade deal this year, PM to visit in May

Sri Lanka eyes China free trade deal this year, PM to visit in May

Sri Lanka aims to finalise a free trade agreement with China this year and the country's prime minister will visit Beijing in May, the Sri Lankan ambassador said on Saturday, amid rising concern in the South Asian nation about Chinese investment.
Published 05 Feb, 2017 12:00am
China announces first strategic plan for territory development

China announces first strategic plan for territory development

China on Saturday issued its first strategic plan for territory development and preservation, outlining the protection of arable land reserves and islands, the official Xinhua news agency reported. Issued by the State Council, or Cabinet, the plan demands
Published 05 Feb, 2017 12:00am
Peugeot to assemble two car models in Kenya

Peugeot to assemble two car models in Kenya

France's PSA Group, the maker of Peugeot, Citroen and DS cars, said on Saturday it had signed a contract to start assembling two car models in Kenya. PSA, which wants to reduce its dependence on European sales, will assemble the Peugeot 508 and 3008 model
Published 05 Feb, 2017 12:00am
Rebel taxes and seizures drive hungry children out of pre-famine Somalia

Rebel taxes and seizures drive hungry children out of pre-famine Somalia

Thousands of malnourished Somali women and children are fleeing into Ethiopia to escape Islamist militants who are taxing them and seizing their food, animals and land, the United Nations said on Friday, amid fears of renewed famine. Arrivals into Ethiopi
Published 05 Feb, 2017 12:00am
Australian government supports public funding for 'clean coal'

Australian government supports public funding for 'clean coal'

Australia's resources minister said the government is considering providing public funds for the construction of new "clean coal" power stations in the country's north, The Australian newspaper reported on Saturday. Matthew Canavan said he was open to usi
Published 05 Feb, 2017 12:00am
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