AIRLINK 177.50 Increased By ▲ 3.71 (2.13%)
BOP 11.52 Increased By ▲ 0.16 (1.41%)
CNERGY 8.60 Decreased By ▼ -0.04 (-0.46%)
CPHL 101.50 Decreased By ▼ -0.14 (-0.14%)
FCCL 46.65 Decreased By ▼ -0.29 (-0.62%)
FFL 15.48 Increased By ▲ 0.09 (0.58%)
FLYNG 27.85 Increased By ▲ 0.06 (0.22%)
HUBC 144.34 Increased By ▲ 0.59 (0.41%)
HUMNL 12.85 Decreased By ▼ -0.14 (-1.08%)
KEL 4.57 Increased By ▲ 0.05 (1.11%)
KOSM 5.80 Increased By ▲ 0.04 (0.69%)
MLCF 62.35 Increased By ▲ 0.02 (0.03%)
OGDC 215.00 Increased By ▲ 2.98 (1.41%)
PACE 5.96 Increased By ▲ 0.49 (8.96%)
PAEL 47.03 Decreased By ▼ -0.04 (-0.08%)
PIAHCLA 17.95 Decreased By ▼ -0.13 (-0.72%)
PIBTL 10.65 Decreased By ▼ -0.21 (-1.93%)
POWER 12.22 Decreased By ▼ -0.04 (-0.33%)
PPL 173.39 Increased By ▲ 2.11 (1.23%)
PRL 36.36 Increased By ▲ 0.48 (1.34%)
PTC 23.49 Increased By ▲ 0.13 (0.56%)
SEARL 97.40 Increased By ▲ 0.44 (0.45%)
SSGC 41.55 Decreased By ▼ -0.16 (-0.38%)
SYM 14.57 Increased By ▲ 0.42 (2.97%)
TELE 7.34 Increased By ▲ 0.24 (3.38%)
TPLP 10.20 Increased By ▲ 0.24 (2.41%)
TRG 63.51 Decreased By ▼ -0.38 (-0.59%)
WAVESAPP 10.14 Increased By ▲ 0.12 (1.2%)
WTL 1.35 Increased By ▲ 0.02 (1.5%)
YOUW 3.86 Increased By ▲ 0.14 (3.76%)
BR100 12,550 Increased By 102.8 (0.83%)
BR30 38,151 Increased By 232.1 (0.61%)
KSE100 117,304 Increased By 914.4 (0.79%)
KSE30 36,054 Increased By 357.9 (1%)
Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-04-27
Activities of Karachi and Qasim ports

Activities of Karachi and Qasim ports

The Karachi Port handled 107,424 tonnes of cargo comprising 67,874 tonnes of import cargo and 39,550 tonnes of export cargo including 8,702 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 6
Published 27 Apr, 2017 12:00am
KP Assembly amends Ehtesab Commission Act to hire PHC officials

KP Assembly amends Ehtesab Commission Act to hire PHC officials

Khyber Pakhtunkhwa Assembly has passed the Khyber Pakhtunkhwa Ehtesab Commission (Second Amendment) Bill, 2017 to transfer the authority of the legislative panel of the house and Search Committee to the administrative committee of Peshawar High Court (PHC
Published 27 Apr, 2017 12:00am
Italian Chief of Army Staff visits Naval Headquarters

Italian Chief of Army Staff visits Naval Headquarters

General Danilo Errico, Italian Chief of Army Staff visited Naval Headquarters Islamabad today and called on Chief of the Naval Staff, Admiral Muhammad Zakaullah. During the meeting, professional matters of mutual interest came under discussion. The Naval
Published 27 Apr, 2017 12:00am
FFCL announces first quarterly results

FFCL announces first quarterly results

Fauji Fertiliser Company Limited (FFC) has announced first quarterly results for the year 2017. The Company achieved highest ever quarterly 'Sona' urea production of 638 thousands tonnes. The Company attained 'Sona' urea sales of 377 thousand tonnes durin
Published 27 Apr, 2017 12:00am
FFCL announces first quarterly results

FFCL announces first quarterly results

Fauji Fertiliser Company Limited (FFC) has announced first quarterly results for the year 2017. The Company achieved highest ever quarterly 'Sona' urea production of 638 thousands tonnes. The Company attained 'Sona' urea sales of 377 thousand tonnes durin
Published 27 Apr, 2017 12:00am
Opinion poll bodies reluctant to disclose source of funding

Opinion poll bodies reluctant to disclose source of funding

Almost all opinion poll organisations in Pakistan conducting surveys on popularity of different political leaders and comparison of performance in governance between provinces are reluctant to disclose their source of funding for the exercise.
Published 27 Apr, 2017 12:00am
Mari Petroleum Company Limited

Mari Petroleum Company Limited

Mari Petroleum Company Limited (PSX: MPCL), formerly known as Mari Gas Company Limited, is one of the local exploration and production companies operating in Pakistan. It manages and operates the Country's largest gas reservoir in terms of current reserve
Published 27 Apr, 2017 12:00am
Mari Petroleum Company Limited

Mari Petroleum Company Limited

Mari Petroleum Company Limited (PSX: MPCL), formerly known as Mari Gas Company Limited, is one of the local exploration and production companies operating in Pakistan. It manages and operates the Country's largest gas reservoir in terms of current reserve
Published 27 Apr, 2017 12:00am
Five-year holding period: SECP proposal on CGT being examined

Five-year holding period: SECP proposal on CGT being examined

Budget makers are reviewing a proposal of the Securities and Exchange Commission of Pakistan (SECP) that no Capital Gains Tax (CGT) shall be made applicable on the disposal of securities held for more than five years. Sources told Business Recorder </i
Published 27 Apr, 2017 12:00am
Upgraded Pakistan Express Train inaugurated

Upgraded Pakistan Express Train inaugurated

Federal Minister for Railways Khawaja Saad Rafique on Wednesday inaugurated the upgraded Pakistan Express Train, which will operate from Rawalpindi to Karachi via Faisalabad. Rafique said that the government is0 committed to rehabilitating the Pakistan Ra
Published 27 Apr, 2017 12:00am
Life insurance: SECP proposes exemption in FED

Life insurance: SECP proposes exemption in FED

The Securities and Exchange Commission of Pakistan (SECP) has proposed Federal Board of Revenue (FBR) to exempt federal excise duty (FED) on personal lines of life insurance / micro-insurance products of insurance companies in the coming budget (2017-18).
Published 27 Apr, 2017 12:00am
ANP won't demand PM's resignation: Asfandyar

ANP won't demand PM's resignation: Asfandyar

ANP President Asfandyar Wali Khan on Wednesday said that they support the decision of the Supreme Court (SC) on Panama case and will not demand the resignation of the Prime Minister Nawaz Sharif. Talking to media, after a meeting of the consultative commi
Published 27 Apr, 2017 12:00am
US MIDDAY: gold recovers

US MIDDAY: gold recovers

Gold recovered from a two-week low, buoyed by short-covering on Wednesday as US Treasury yields turned lower and the dollar pared gains after President Donald Trump proposed slashing the US tax rate on corporate profits. Trump proposed cutting the corpora
Published 27 Apr, 2017 12:00am
US MIDDAY: corn tumbles
Currency

US MIDDAY: corn tumbles

US corn futures fell more than 1 percent Wednesday on forecasts for better Midwest planting weather and news that the White House is considering an executive order on withdrawing from North American Free Trade Agreement, analysts said. Soyabeans also decl
Published 27 Apr, 2017 12:00am
Tokyo rubber rises

Tokyo rubber rises

Benchmark Tokyo rubber futures ended higher for a fifth straight session on Wednesday on the back of a weaker yen against the dollar, but the decline was limited by weak undertones of Shanghai futures, dealers said. Tokyo Commodity Exchange (TOCOM) future
Published 27 Apr, 2017 12:00am
Oil prices stable after big draw in US crude inventories

Oil prices stable after big draw in US crude inventories

Oil prices rebounded from early losses on Wednesday after US government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite outpu
Published 27 Apr, 2017 12:00am
Cotton nearly unchanged
Cotton

Cotton nearly unchanged

ICE cotton futures were nearly unchanged in light trading on Wednesday as traders awaited direction from a weekly federal report on US export sales. "We had a large amount of Trade at Settlement (TAS) orders. That sort of supported the market all day. Oth
Published 27 Apr, 2017 12:00am
France says has proof Syria regime launched 'chemical attack'

France says has proof Syria regime launched 'chemical attack'

French intelligence services have scientific proof that the Syrian regime was responsible for a suspected chemical attack that killed 88 people, France's foreign minister said Wednesday. Jean-Marc Ayrault said analysis of samples taken at the scene of the
Published 27 Apr, 2017 12:00am
'Nation-state' seen behind hacking of Saudi Arabia: McAfee

'Nation-state' seen behind hacking of Saudi Arabia: McAfee

Increasingly sophisticated hackers possibly linked to a foreign nation aimed to disrupt key organisations in Saudi Arabia, the US-based cyber security firm McAfee said. It did not name the possible attacker but US intelligence officials said they suspecte
Published 27 Apr, 2017 12:00am
Trump's 100-days promises: fewer than half carried out
Currency

Trump's 100-days promises: fewer than half carried out

Sure enough, the big trans-Pacific trade deal is toast, climate change action is on the ropes and various regulations from the Obama era have been scrapped. It's also a safe bet President Donald Trump hasn't raced a bicycle since January 20, keeping that
Published 27 Apr, 2017 12:00am
Top admiral leaked Canada shipbuilding secrets

Top admiral leaked Canada shipbuilding secrets

The second in command of Canada's military leaked cabinet secrets related to a navy shipbuilding contract, police say in a court document unsealed Wednesday. Vice-Admiral Mark Norman was relieved of his duty in January following an investigation, but litt
Published 27 Apr, 2017 12:00am
Oscar-winning 'Silence of the Lambs' director dies

Oscar-winning 'Silence of the Lambs' director dies

Jonathan Demme, the Oscar-winning director of "The Silence of the Lambs" who also led Tom Hanks to an Oscar in "Philadelphia," died Wednesday in New York, his publicist said. He was 73. Born on Long Island in New York, Demme won an Academy Award in 1992 a
Published 27 Apr, 2017 12:00am
McDonald's shelves Japan unit sale plans

McDonald's shelves Japan unit sale plans

McDonald's has decided not to sell its stake in a Japanese unit hit by a series of food contamination scandals and slumping sales. The US restaurant chain has a 50 percent share of McDonald's Japan, but said last year it was looking at selling the stake a
Published 27 Apr, 2017 12:00am
UK, France launch major 'tax fraud' probe in football

UK, France launch major 'tax fraud' probe in football

British and French authorities launched a major investigation on Wednesday into a suspected £5 million tax fraud in the football industry, with West Ham United connfirmed to have been targeted Close to 200 tax officials from the two countries swooped on p
Published 27 Apr, 2017 12:00am
UK, France launch major 'tax fraud' probe in football

UK, France launch major 'tax fraud' probe in football

British and French authorities launched a major investigation on Wednesday into a suspected £5 million tax fraud in the football industry, with West Ham United connfirmed to have been targeted Close to 200 tax officials from the two countries swooped on p
Published 27 Apr, 2017 12:00am
PCB felicitates Pakistan cricket team

PCB felicitates Pakistan cricket team

Pakistan Cricket Board (PCB) Chairman Shaharyar M. Khan has felicitated Pakistani team on success in first test match against West Indies. He said that Pakistani players displayed good performance and earned victory. He praised skipper Misbah ul Haq for l
Published 27 Apr, 2017 12:00am
French Open prize money up 12 percent to 36 million euros

French Open prize money up 12 percent to 36 million euros

Prize money at the French Open, which starts next month, will be up 12 percent on last year, tournament director Guy Forget said on Wednesday. But the sum handed out to the winner will rise by only five percent from 2.0 to 2.1 million euros ($2.18-2.29 mi
Published 27 Apr, 2017 12:00am
Nadal cruises, Murray gets walkover

Nadal cruises, Murray gets walkover

Rafael Nadal began his quest for a 10th Barcelona Open title in commanding fashion, whilst Andy Murray moved into the last 16 without hitting a ball on Wednesday. Fresh from winning a record 50th clay court title at the Monte Carlo Masters on Sunday, Nada
Published 27 Apr, 2017 12:00am
Peshawar, Hazara lead in Inter-Regional Games

Peshawar, Hazara lead in Inter-Regional Games

Peshawar and Hazara divisions are in a fight for the general trophy of the KP Under-23 Inter-Regional Male and Female Games being played at different venues, here on Wednesday. Hazara stunned Peshawar by winning the overall trophy while the male and femal
Published 27 Apr, 2017 12:00am
Aussie, kiwi down

Aussie, kiwi down

The Australian dollar slipped on Wednesday for a second consecutive session after underwhelming inflation figures supported expectations of a benign interest rate outlook for months to come. The Australian dollar dropped a quarter of a US cent to $0.7517,
Published 27 Apr, 2017 12:00am
Sterling rebounds against euro
Currency

Sterling rebounds against euro

Sterling clawed back some ground against the euro on Wednesday, recovering from a two-week low, as a perception that political risk had faded drove investors to buy the pound after taking their bets against it to record levels. The pound recorded its bigg
Published 27 Apr, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee strengthened on Wednesday as a foreign bank sold the dollar, while investors awaited the International Monetary Fund's approval for the disbursement of a loan as well as a proposed sovereign bond sale, dealers said. Rupee forwards wer
Published 27 Apr, 2017 12:00am
Yuan dips

Yuan dips

China's yuan slipped against the US dollar on Wednesday and fell to a record low against a basket of currencies after the central bank set a weaker midpoint, but tightening liquidity was expected to limit losses. The People's Bank of China set the midpoin
Published 27 Apr, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 80.13-80.13 (previous 80.03-80.03).
Published 27 Apr, 2017 12:00am
Dollar surges against loonie in New York

Dollar surges against loonie in New York

The US dollar surged against its Canadian counterpart on Tuesday after the United States imposed duties on Canadian softwood, while the euro hit a multi-month high on relief over the French election and the possibility of more hawkish European Central Ban
Published 27 Apr, 2017 12:00am
Early trade in NY: Dollar strengthens broadly
Currency

Early trade in NY: Dollar strengthens broadly

The US dollar strengthened broadly on Wednesday, with the currency hitting nearly four-week highs against the yen, on anticipation that a promised White House announcement on tax reform could boost the greenback. The dollar jumped to 111.73 yen, its highe
Published 27 Apr, 2017 12:00am
Euro pulls back in Europe after France-led surge
Currency

Euro pulls back in Europe after France-led surge

The euro retreated from 5-1/2 month highs against the dollar on Wednesday, investors cashing in gains made on the back of the first round of France's presidential elections and a market rethink on euro zone monetary policy. Attention was also turning to U
Published 27 Apr, 2017 12:00am
Yen sags in Asia

Yen sags in Asia

The dollar edged higher against the yen on Wednesday, while the euro held firm near a 5-1/2 month high due to receding concerns about the risks posed by the French presidential election. The dollar rose 0.3 percent to 111.38 yen, pulling further away from
Published 27 Apr, 2017 12:00am
Earnings support Britain's FTSE, StanChart leads banks higher

Earnings support Britain's FTSE, StanChart leads banks higher

British shares rose on Wednesday as gains for Standard Chartered and other companies reporting well-received results helped offset a pullback in healthcare stocks. The blue-chip FTSE 100 index closed up 0.2 percent, broadly in line with other European bou
Published 27 Apr, 2017 12:00am
Southeast Asian stocks upbeat

Southeast Asian stocks upbeat

Southeast Asian stock markets gained momentum in afternoon trade on Wednesday, driven by positive sentiment in global markets on receding political uncertainty in France, strong Wall Street earnings and anticipated tax cuts by US President Donald Trump.
Published 27 Apr, 2017 12:00am
Hong Kong shares at one-month high

Hong Kong shares at one-month high

Hong Kong shares rose to their highest level in over a month Wednesday, in line with gains in most other Asian markets, supported by improved risk appetite and an overnight rally on Wall Street. A further rebound in mainland China stocks also buoyed inves
Published 27 Apr, 2017 12:00am
French stocks hit nine-month high as earnings power European shares

French stocks hit nine-month high as earnings power European shares

French blue chips hit a fresh 9-year high on Wednesday, helped by a surge in the shares of luxury group Kering after it reported strong sales, while European regional indexes hovered near a 20-month peak. The pan-European STOXX 600 benchmark ended the ses
Published 27 Apr, 2017 12:00am
China stocks rise

China stocks rise

China stocks extended gains for a second day on Wednesday, as renewed optimism about the US economy and easing concerns about regulatory tightening on the mainland lifted sentiment in global equity markets. The blue-chip CSI300 index rose 0.1 percent to 3
Published 27 Apr, 2017 12:00am
Indian shares at record closing highs

Indian shares at record closing highs

Indian shares ended at a record closing highs on Wednesday, buoyed by solid company results and higher global markets. The benchmark BSE index closed up 0.63 percent at a record closing high of 30,133.35. The index hit an all-time high of 30,167.09 earlie
Published 27 Apr, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Tuesday in line with gains in stocks as investors awaited President Donald Trump's announcement on tax reform on Wednesday and remained optimistic that the government would avert a shutdown. Yields, which move inversely to price
Published 27 Apr, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Tuesday in line with gains in stocks as investors awaited President Donald Trump's announcement on tax reform on Wednesday and remained optimistic that the government would avert a shutdown. Yields, which move inversely to price
Published 27 Apr, 2017 12:00am
Nasdaq tops 6,000 as earnings boost Wall Street

Nasdaq tops 6,000 as earnings boost Wall Street

The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. Caterpillar closed up 7.9 percent at $104.42 after earlier hitting a multi-year high
Published 27 Apr, 2017 12:00am
Tokyo shares soar

Tokyo shares soar

Tokyo stocks rose for a fourth successive day on Wednesday as part of a global rally, buoyed by solid US corporate earnings and a slide in the yen. Investors were keenly awaiting Donald Trump's US tax cut plans, which are due later in the day, while easin
Published 27 Apr, 2017 12:00am
Xi calls for increased efforts to maintain financial security

Xi calls for increased efforts to maintain financial security

Chinese President Xi Jinping called on Tuesday for increased efforts to ward off systemic risks to help maintain financial security, the official Xinhua news agency said. The country's leaders have pledged to shift the emphasis to addressing financial ris
Published 27 Apr, 2017 12:00am
P&G cites rocky geopolitics as earnings decline

P&G cites rocky geopolitics as earnings decline

Procter & Gamble reported declines in both sales and profits Wednesday, saying challenging geopolitical and economic conditions hit consumer demand. The maker of Tide detergent and Head & Shoulders shampoo reported earnings in its fiscal third-quarter of
Published 27 Apr, 2017 12:00am
P&G cites rocky geopolitics as earnings decline

P&G cites rocky geopolitics as earnings decline

Procter & Gamble reported declines in both sales and profits Wednesday, saying challenging geopolitical and economic conditions hit consumer demand. The maker of Tide detergent and Head & Shoulders shampoo reported earnings in its fiscal third-quarter of
Published 27 Apr, 2017 12:00am
Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse said Wednesday it had launched a share issue aimed at raising some $4.0 billion to allay capital fears, and backtracked on plans to take part of its Swiss division public. Switzerland's second largest bank also said it had bounced back to bl
Published 27 Apr, 2017 12:00am
Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse said Wednesday it had launched a share issue aimed at raising some $4.0 billion to allay capital fears, and backtracked on plans to take part of its Swiss division public. Switzerland's second largest bank also said it had bounced back to bl
Published 27 Apr, 2017 12:00am
Ukraine Prime Minister fumes after raid on largest investment bank

Ukraine Prime Minister fumes after raid on largest investment bank

Ukraine's prime minister lashed out Wednesday at the security service for conducting a surprise search at the headquarters of the country's largest investment bank. Dragon Capital said the Security Service of Ukraine (SBU) seized its computers as part of
Published 27 Apr, 2017 12:00am
Boeing profits jump but commercial air deliveries fall

Boeing profits jump but commercial air deliveries fall

Aerospace giant Boeing said Wednesday declining costs boosted earnings for the latest quarter, but revenues missed analyst expectations as commercial plane deliveries dropped. Net income for the quarter ending March 31 rose 19 percent to $1.5 billion. But
Published 27 Apr, 2017 12:00am
EU seeks deeper social rights to thwart populists

EU seeks deeper social rights to thwart populists

The EU unveiled a raft of proposals on Wednesday to improve the work-life balance for Europeans in an effort to fight accusations by populist parties that Brussels is too beholden to budget cuts and free markets. The new ideas include an EU-wide policy on
Published 27 Apr, 2017 12:00am
BHP copper output slumps, eyes shale sell off

BHP copper output slumps, eyes shale sell off

Mining giant BHP Billiton reported a slump in copper output Wednesday as strike action at the world's largest mine for the metal dented production, while flagging the sale of some US shale assets. The world's biggest miner said copper production slid 44 p
Published 27 Apr, 2017 12:00am
Britain could lose 4,000 Deutsche Bank jobs over Brexit

Britain could lose 4,000 Deutsche Bank jobs over Brexit

Deutsche Bank could move up to 4,000 jobs away from Britain, the group's compliance chief said Wednesday, as Germany's largest lender struggles to work out the consequences of Brexit. "For front office people who want to deal with a European Union client,
Published 27 Apr, 2017 12:00am
Trump tax reform to seek 15 percent corporate rate

Trump tax reform to seek 15 percent corporate rate

The Trump administration pledged Wednesday to slash corporate rates to 15 percent as it prepared to unveil a long-awaited reform it touts as the "biggest tax cut" in US history. But the plan could face stiff opposition in Congress, including from some Rep
Published 27 Apr, 2017 12:00am
Ghana's $1.8 billion loan for 2016-17 cocoa 'is all gone'

Ghana's $1.8 billion loan for 2016-17 cocoa 'is all gone'

The $1.8 billion syndicated loan Ghana procured to purchase cocoa for the 2016-17 season "is all gone" and the country must seek more funding to make purchases for the rest of the season, the new chairman of industry regulator Cocobod said. Ghana is the w
Published 27 Apr, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold recovered from a two-week low on Wednesday as speculators locked in profit from recent losses, but some analysts expect further weakness due to easing political risks. Spot gold was flat at $1,263.30 by 1400 GMT. Earlier in the session prices hit 1,2
Published 27 Apr, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold fell to a two-week low in Asia on Wednesday as investors opted for riskier assets such as equities on renewed optimism over the US economy and as political uncertainty in France receded, softening demand for safe-haven assets. Spot gold was mostly un
Published 27 Apr, 2017 12:00am
Gold falls in New York

Gold falls in New York

Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion. Spot gold wa
Published 27 Apr, 2017 12:00am
Raw sugar slumps to one-year low

Raw sugar slumps to one-year low

Raw sugar futures on ICE fell to a one-year low on Wednesday, with the benchmark contract attracting its heaviest volume to date as traders eyed an improving 2017-18 crop outlook and automatic sell orders were triggered below 16 cents per lb. July raw sug
Published 27 Apr, 2017 12:00am
Palm oil reverses losses, tracks rising soyaoil
Currency

Palm oil reverses losses, tracks rising soyaoil

Malaysian palm oil rebounded from earlier losses on Wednesday evening, rising for a third session in four as it was lifted by stronger performing soyaoil and in a technical correction. Expectations of slower than forecast output growth also aided the mark
Published 27 Apr, 2017 12:00am
China demand concern push nickel to 10-month low; copper rises
Currency

China demand concern push nickel to 10-month low; copper rises

Nickel prices hit 10-month lows on Wednesday as worries about demand from top consumer China were reinforced by its trade data, which showed falling imports of the metal used to make stainless steel. Benchmark nickel on the London Metal Exchange ended 1 p
Published 27 Apr, 2017 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 0.8 percent to 46,230 yuan ($6,711) a tonne on Wednesday as the US dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies.
Published 27 Apr, 2017 12:00am
EU wheat rises ahead of May contract expiry

EU wheat rises ahead of May contract expiry

European wheat futures in Paris rose on Tuesday, responding to traders adjusting positions in the front-month futures contract before its expiry, gains in US prices in Chicago and concerns about a dry crop conditions. May milling wheat on the Paris-based
Published 27 Apr, 2017 12:00am
Prices firm on cotton market
Cotton

Prices firm on cotton market

Prices were firm on the cotton market on Wednesday as main participants were on the sidelines in the absence of government's incentives for the textile sector, which definitely can help in achieving the desired cotton production target, dealers said. The
Published 27 Apr, 2017 12:00am
Afghanistan expected to do more: Asif

Afghanistan expected to do more: Asif

Federal Defence Minister Khawaja Muhammad Asif has said Pakistan expects the Afghan government to do more in countering terrorist groups responsible for carrying out cross-border attacks and impacting Pakistan. The country's Defence Minister said while ad
Published 27 Apr, 2017 12:00am
Afghanistan expected to do more: Asif

Afghanistan expected to do more: Asif

Federal Defence Minister Khawaja Muhammad Asif has said Pakistan expects the Afghan government to do more in countering terrorist groups responsible for carrying out cross-border attacks and impacting Pakistan. The country's Defence Minister said while ad
Published 27 Apr, 2017 12:00am
IMF to help set up infrastructure bank

IMF to help set up infrastructure bank

Finance Minister Ishaq Dar has outlined the important financial initiatives to be undertaken by the Government in the near future. According to him, Pakistan Infrastructure Bank would be established with a paid up capital of one billion dollars. It would
Published 27 Apr, 2017 12:00am
IMF to help set up infrastructure bank

IMF to help set up infrastructure bank

Finance Minister Ishaq Dar has outlined the important financial initiatives to be undertaken by the Government in the near future. According to him, Pakistan Infrastructure Bank would be established with a paid up capital of one billion dollars. It would
Published 27 Apr, 2017 12:00am
IMF to help set up infrastructure bank

IMF to help set up infrastructure bank

Finance Minister Ishaq Dar has outlined the important financial initiatives to be undertaken by the Government in the near future. According to him, Pakistan Infrastructure Bank would be established with a paid up capital of one billion dollars. It would
Published 27 Apr, 2017 12:00am
Dar meets McMaster

Dar meets McMaster

On the last day of the visit, Finance Minister Senator Ishaq Dar had a detailed meeting with the US National Security Advisor Lieutenant General McMaster at the White House. During an hour long meeting, Minister Dar had a comprehensive discussion on topic
Published 27 Apr, 2017 12:00am
Dar meets McMaster

Dar meets McMaster

On the last day of the visit, Finance Minister Senator Ishaq Dar had a detailed meeting with the US National Security Advisor Lieutenant General McMaster at the White House. During an hour long meeting, Minister Dar had a comprehensive discussion on topic
Published 27 Apr, 2017 12:00am
No consular access possible, India's HC told

No consular access possible, India's HC told

Pakistan on Wednesday rejected yet another Indian request for consular access to Kulbhushan Jadhav, a RAW agent who has been awarded death penalty. Sources said that Indian High Commissioner to Pakistan Gautam Bambawale held a meeting with Foreign Secreta
Published 27 Apr, 2017 12:00am
Orban says Soros 'attacking Hungary'

Orban says Soros 'attacking Hungary'

Hungarian Prime Minister Viktor Orban accused US billionaire George Soros of "attacking" his country Wednesday as he defended a law that could close down a university founded by the investor. Orban made his defence in front of the European Parliament just
Published 27 Apr, 2017 12:00am
Previous Day