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Oct 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-07
Gold steadies in European trade
Currency

Gold steadies in European trade

Gold steadied on Monday after falling to two-week lows in the previous session on comments from Federal Reserve Chair Janet Yellen that reinforced expectations of an increase to US interest rates this month. Spot gold was down 0.2 percent at $1,231.1 an o
Published 07 Mar, 2017 12:00am
PSA targets Opel turnaround as GM exits Europe

PSA targets Opel turnaround as GM exits Europe

France's PSA Group plans to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car company to challenge market leader Volkswagen.
Published 07 Mar, 2017 12:00am
ICCO sees global cocoa surplus of 264,000 tonnes

ICCO sees global cocoa surplus of 264,000 tonnes

Cocoa production is set to climb by almost 15 percent in 2016/17 (October/September) leading to a global surplus of 264,000 tonnes, the International Cocoa Organization said last Tuesday in its first forecast for the season.
Published 07 Mar, 2017 12:00am
PSA targets Opel turnaround as GM exits Europe

PSA targets Opel turnaround as GM exits Europe

France's PSA Group plans to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car company to challenge market leader Volkswagen.
Published 07 Mar, 2017 12:00am
US MIDDAY: wheat rallies; soya up

US MIDDAY: wheat rallies; soya up

Chicago Board of Trade wheat futures rose 1.2 percent early on Monday to their highest since mid-February, supported by concerns about dry conditions hampering crop development in the US Plains, traders said. Falling production in Australia and strong exp
Published 07 Mar, 2017 12:00am
US MIDDAY: gold falls
Currency

US MIDDAY: gold falls

Gold fell for the third straight session on Monday, but hovered above Friday's two-week low, pressured by comments from Federal Reserve Chair Janet Yellen that reinforced expectations of an increase to US interest rates this month. Spot gold was down 0.6
Published 07 Mar, 2017 12:00am
Turkey seeks to buy EU wheat

Turkey seeks to buy EU wheat

Turkey's state grain board TMO has issued a series of international tenders to purchase a total of about 130,000 tonnes of milling wheat to be sourced from the European Union, European traders said on Friday. The tenders close on March 8, they said.
Published 07 Mar, 2017 12:00am
CBOT soyabeans futures slightly higher

CBOT soyabeans futures slightly higher

Chicago Board of Trade soyabean futures closed slightly higher on Friday, with technical buying supporting prices after early declines, traders said. Buyers stepped into the market after the benchmark Chicago Board of Trade May soyabean futures contract f
Published 07 Mar, 2017 12:00am
CBOT wheat futures mostly steady

CBOT wheat futures mostly steady

Chicago Board of Trade wheat futures were mostly steady on Friday, with concerns about exports and weakness in MGEX spring wheat limiting gains despite technical strength. CBOT soft red winter wheat for May delivery found support near its 30-day moving av
Published 07 Mar, 2017 12:00am
China steel futures slump to one-week low

China steel futures slump to one-week low

Chinese steel futures slid to one-week low on Friday as investors booked profit amid mixed sentiment and a cloudy near-term outlook in the world's top producer of the metal. The most active rebar futures contract on the Shanghai Futures Exchange dropped t
Published 07 Mar, 2017 12:00am
EU spring barley sowing starts after mild end to winter

EU spring barley sowing starts after mild end to winter

A mild end to winter has helped European Union farmers start sowing spring barley and wetter conditions since last week could boost crop prospects even if rain slows field work. The barley crop area is likely to be adjusted only slightly as farmers weigh
Published 07 Mar, 2017 12:00am
Subdued business on cotton market
Cotton

Subdued business on cotton market

Subdued business was seen on the week-opening day due to tight supply of quality lint, dealers said on the cotton market on Monday. The official spot rate unchanged at Rs 6750, they said. In Punjab prices were unchanged at Rs 3400-3750, as per 40 kg, they
Published 07 Mar, 2017 12:00am
PMEX daily trading report

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,109. The total traded value was recorded at PKR 6.24 billion and the number of lots traded was 11,103.
Published 07 Mar, 2017 12:00am
Palm oil mostly firmer on European vegoils market

Palm oil mostly firmer on European vegoils market

Palm oil on the European vegetable oils market was offered mostly firmer on Friday ahead of next week's Price Outlook Conference in Kuala Lumpur and MPOB supply/demand data due on March 10.
Published 07 Mar, 2017 12:00am
Freight rates for VLCCs fall to four-month lows

Freight rates for VLCCs fall to four-month lows

Freight rates for very large crude carriers (VLCCs), which fell to four-month lows this week, face an uncertain direction next week as refinery maintenance and excess tonnage pressure rates even as owners resist moves by charterers to push rates lower, br
Published 07 Mar, 2017 12:00am
Iran issues tender to buy Indian rice

Iran issues tender to buy Indian rice

Iran's state grains buyer GTC has issued an international tender to buy at least 10,000 tonnes of rice to be sourced from India, European traders said on Monday.
Published 07 Mar, 2017 12:00am
India still learning review system, says Bangar

India still learning review system, says Bangar

Indian batting coach Sanjay Bangar said Monday his team was still coming to grips with cricket's decision review system after players were accused of squandering their appeals during the ongoing Test against Australia. India ended its long resistance to u
Published 07 Mar, 2017 12:00am
Pujara leads India's revival in 2nd Test

Pujara leads India's revival in 2nd Test

Australian seamer Josh Hazlewood Monday acknowledged the second Test hung in the balance after India's Cheteshwar Pujara hit an unbeaten half-century to lead the hosts' fightback on day three in Bangalore.
Published 07 Mar, 2017 12:00am
Sanchez bust-up reports 'completely false': Wenger

Sanchez bust-up reports 'completely false': Wenger

Arsenal manager Arsene Wenger dismissed reports of a training-ground bust-up involving star forward Alexis Sanchez as "completely false" on Monday. The 28-year-old was reported to have stormed off the training pitch last week before becoming involved in a
Published 07 Mar, 2017 12:00am
Malaysia bans team from North Korea match

Malaysia bans team from North Korea match

Malaysia has banned its football team from playing an Asian Cup match in Pyongyang citing security threats as diplomatic relations between the two countries soured dramatically after the killing of Kim Jong-Nam, officials said Monday.
Published 07 Mar, 2017 12:00am
Misbah to lead Pakistan in West Indies tour

Misbah to lead Pakistan in West Indies tour

Pakistan's ageing Test captain Misbah-ul-Haq on Monday made himself available for next month's series in the West Indies, ignoring entreaties from ex-players to call time on his illustrious career following a slew of poor results.
Published 07 Mar, 2017 12:00am
Ibrahimovic, Mings charged over Old Trafford clash

Ibrahimovic, Mings charged over Old Trafford clash

Manchester United striker Zlatan Ibrahimovic and Bournemouth defender Tyrone Mings were charged with violent conduct on Monday over two incidents in Saturday's 1-1 draw. Mings appeared to deliberately stamp on Ibrahimovic's head as he jumped over him late
Published 07 Mar, 2017 12:00am
Bangladesh skipper targets new Galle run fest

Bangladesh skipper targets new Galle run fest

Skipper Mushfiqur Rahim urged Bangladesh's batsmen to fill their boots again when they begin their Test series against Sri Lanka Tuesday on a ground where they made history last time round. Bangladesh scored 638 in their first innings of the 2013 match in
Published 07 Mar, 2017 12:00am
Indonesia faces 'huge' challenges for Asian Games: OCA

Indonesia faces 'huge' challenges for Asian Games: OCA

The Olympic Council of Asia (OCA) warned Monday that Indonesia faces "huge" challenges to prepare for the 2018 Asian Games, criticising a lack of coordination between different bodies organising the event. Jakarta was awarded the games in 2014 after the o
Published 07 Mar, 2017 12:00am
Bangladesh orders shutdown of city tanneries

Bangladesh orders shutdown of city tanneries

A Bangladeshi court on Monday ordered the government to shut down more than 100 tanneries in Dhaka after they were accused of dumping huge amounts of toxic waste into the city's main river. The High Court ruling followed a petition by Bangladeshi environm
Published 07 Mar, 2017 12:00am
Asian lenders take Australia market share in rapid expansion

Asian lenders take Australia market share in rapid expansion

Asian banks are ramping up their loans business in Australia, taking market share from local lenders who are trying to manage the rising regulatory costs of maintaining adequate capital to protect against potential credit defaults, according to a Basis Po
Published 07 Mar, 2017 12:00am
Asian lenders take Australia market share in rapid expansion

Asian lenders take Australia market share in rapid expansion

Asian banks are ramping up their loans business in Australia, taking market share from local lenders who are trying to manage the rising regulatory costs of maintaining adequate capital to protect against potential credit defaults, according to a Basis Po
Published 07 Mar, 2017 12:00am
EU approves Hungary's Kremlin-backed nuclear plant

EU approves Hungary's Kremlin-backed nuclear plant

EU authorities on Monday approved a controversial nuclear expansion project in Hungary that is heavily backed by Russia. The approval removes the last roadblock to the 12.5 billion euro ($13.2 billion) expansion of Hungary's only nuclear facility, which R
Published 07 Mar, 2017 12:00am
Norway says half of new cars now electric or hybrid

Norway says half of new cars now electric or hybrid

Norway, which already boasts the world's highest number of electric cars per capita, said Monday that electric or hybrid cars represented half of new registrations in the country so far this year.
Published 07 Mar, 2017 12:00am
US factory orders rise for second straight month

US factory orders rise for second straight month

New orders for US-made goods increased for a second straight month in January, suggesting the recovery of the manufacturing sector was gaining momentum as rising prices for commodities spur demand for machinery. Factory goods orders rose 1.2 percent, the
Published 07 Mar, 2017 12:00am
Volkswagen to recall over 680,000 Audis

Volkswagen to recall over 680,000 Audis

German carmaker Volkswagen will recall nearly 680,000 premium Audi cars in China, according to the country's quality regulator, over defects in coolant pumps that could lead to engine fires. Blockages in the system "in extreme circumstances could cause a
Published 07 Mar, 2017 12:00am
China to keep exchange rate policy framework
Currency

China to keep exchange rate policy framework

China will stick to its managed floating exchange rate framework to keep the yuan currency basically stable, a deputy governor of the People's Bank of China (PBOC) said on Monday. The central bank spent billions of dollars last year to slow the yuan's dec
Published 07 Mar, 2017 12:00am
Air India claims record with all-female round-world flight

Air India claims record with all-female round-world flight

India's national airline claimed Monday to have set a new record with the first round-the-world flight staffed entirely by women. Ai India said its Boeing 777 travelled from Delhi to San Francisco and back again with an all-female crew last week, the firs
Published 07 Mar, 2017 12:00am
Standard Life buys Aberdeen for £3.8 billion

Standard Life buys Aberdeen for £3.8 billion

British financial services group Standard Life has agreed to buy Aberdeen Asset Management for £3.8 billion to create one of the world's biggest fund managers, the pair said Monday.
Published 07 Mar, 2017 12:00am
Standard Life buys Aberdeen for £3.8 billion

Standard Life buys Aberdeen for £3.8 billion

British financial services group Standard Life has agreed to buy Aberdeen Asset Management for £3.8 billion to create one of the world's biggest fund managers, the pair said Monday.
Published 07 Mar, 2017 12:00am
IMF loan to Ukraine only refinances debt: banker

IMF loan to Ukraine only refinances debt: banker

A top Ukrainian banker said Monday that a new tranche of money from the International Monetary Fund would mainly go straight back to the global lender as debt repayment, rather than helping to fill the country's coffers. The IMF said Saturday it had reach
Published 07 Mar, 2017 12:00am
Greek economy takes new blow, in the red in 2016

Greek economy takes new blow, in the red in 2016

Debt-laden Greece's economy suffered a new blow, contracting by 1.2 percent at the end of 2016, according to revised figures released Monday, meaning it remained in recession for the eighth straight year.
Published 07 Mar, 2017 12:00am
Eurozone investor morale hits almost 10-year high

Eurozone investor morale hits almost 10-year high

Investor sentiment in the eurozone improved more than expected in March, hitting its highest level in almost 10 years on Monday, as concerns that global political risks could end an economic upswing dissipated. The Frankfurt-based Sentix research group's
Published 07 Mar, 2017 12:00am
Work on Kurram Tangi dam project widely hailed

Work on Kurram Tangi dam project widely hailed

Former federal minister Salim Saifullah Khan on Monday hailing the federal government for inaugurating the much-awaited Kurram Tangi Dam project said it would ensure socio-economic development of the southern districts of the Khyber Pakhtunkhwa.
Published 07 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (March 06, 2017).
Published 07 Mar, 2017 12:00am
Iranian ambassador calls on Zardari

Iranian ambassador calls on Zardari

The Iranian Ambassador to Pakistan H.E. Mehdi Honardost called on Former President of Pakistan and President Pakistan People's Party Parliamentarians Asif Ali Zardari at Zardari House Islamabad on Monday evening. They discussed matters of mutual interests
Published 07 Mar, 2017 12:00am
Danish-Pak Affairs Council honours three young achievers

Danish-Pak Affairs Council honours three young achievers

The Danish-Pakistani Affairs Council based in Denmark has honoured three outstanding young Danes of Pakistani origin with Excellence Awards for their great contributions to the Danish society, marking the important role and contributions being made by the
Published 07 Mar, 2017 12:00am
Enemies of Pakistan to be eliminated: Prime Minister

Enemies of Pakistan to be eliminated: Prime Minister

Prime Minister Muhammad Nawaz Sharif has expressed deep grief over the martyrdom of Army personnel who embraced martyrdom in the cross boarder terrorist attack. In his message, the Prime Minister said that the sacrifices given by our brave soldiers while
Published 07 Mar, 2017 12:00am
'Closure of Pak-Afghan border causes damage to transit trade'

'Closure of Pak-Afghan border causes damage to transit trade'

Zubair Motiwala, Chairman & President PAJCCI, in his interview with Voice of America stated that the sanctity of Pakistan and Afghanistan comes first and PAJCCI stands by all relevant measures that are required to be taken. However, closure of border for
Published 07 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Tahir Ashrafi removed from PUC chairmanship

Tahir Ashrafi removed from PUC chairmanship

The leadership of Pakistan Ulema Council (PUC) has removed Tahir Ashrafi from the chairmanship of the body and cancelled his basic membership, saying the former chairman has kept foreign contracts secret.
Published 07 Mar, 2017 12:00am
GCU Syndicate approves appointments of senior faculty

GCU Syndicate approves appointments of senior faculty

The Syndicate of Government College University Lahore has approved the appointment of senior faculty including the Professors and Distinguish Professors, besides sanctioning a new academic programme of BA (Hons.) in Sociology.
Published 07 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
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