Tea prices in Bangladesh dropped for a second straight season at the weekly auction on Tuesday due to subdued demand from local buyers amid higher volumes on offer. Bangladeshi tea fetched an average 189.67 taka ($2.40) per kg, down from 193.21 taka at th
New applications for US jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labour market and rising inflation that could spur the Federal Reserve to raise interest rates in June. Labour
Barclays reshuffled its senior global investment bank management on Thursday and is seeking to hire between 50 to 100 people to boost the division under new chief Tim Throsby, according to sources with direct knowledge of the plans. Throsby will become in
The EU raised Thursday its eurozone growth forecast, saying the recovery was gaining strength despite the elevated uncertainties of Brexit and the protectionist policies of US President Donald Trump. The forecast said the positive outlook came in large pa
Saudi Arabia's budget deficit dropped by 71 percent in the first quarter of the year, the government said Thursday, after spending cuts and a major rebound in oil revenues. The world's top crude exporter has made an aggressive push to diversify its tradit
Troubled British telecoms giant BT said Thursday it will axe 4,000 jobs worldwide in a new cost-cutting drive, after posting sliding profits in a "challenging" year. The positions will be cut across three divisions, which comprise global services, group f
The use of local currencies instead of the US dollar or other major currencies in China's Belt and Road initiative will help to ensure financial stability, officials at China's central bank said this week. Transacting in the currencies of countries along
Some latest developments propelled mills and spinners to make forward buying on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 6700, they said. In ready session, approximately 2000 bales of cotton changed hands bet
The Karachi Port handled 154,113 tonnes of cargo comprising 128,789 tonnes of import cargo and 25,324 tonnes of export cargo including 6,086 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Chicago Board of Trade (CBOT) corn futures closed modestly higher on Tuesday on technical buying a day ahead of the US Department of Agriculture's monthly supply/demand report and concern about excessive moisture in portions of the Midwest, traders said.
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,904. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 2.757 billion and the number of lots traded was 9,048. Major business was contributed by W
Export premiums for hard red winter wheat shipped from the US Gulf Coast remained firm on Tuesday amid expectations that US wheat was priced competitively on the global market, traders said. Major global wheat buyers - including Iraq, Algeria and Jordan h
Palm oil on the European vegetable oils market continued its firm tone on Tuesday, tracking gains in Malaysian palm oil futures on positioning ahead of May 1-10 export data that is due on Wednesday. Asking prices for palm oil were between unchanged and $7
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
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
Chief of Army Staff General Qamar Javed Bajwa visited various military installations at Quetta garrison and interacted with young officers undergoing various courses at School of Infantry and Tactics, an Inter Services Public Relations (ISPR) statement sa
The rupee moved cautiously in relation to the dollar on Thursday in the process of trading, dealers said. The rupee extended overnight winning streak, picking up more three paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respect
The UN's top court will hold an emergency hearing on Monday as India seeks to stop Pakistan from executing an Indian national accused of spying. New Delhi has already protested to Islamabad over the death sentence imposed on Kulbushan Sudhir Jadhav by a P
The UN's top court will hold an emergency hearing on Monday as India seeks to stop Pakistan from executing an Indian national accused of spying. New Delhi has already protested to Islamabad over the death sentence imposed on Kulbushan Sudhir Jadhav by a P
The opposition lawmakers in Senate on Thursday underscored the need for making the inquiry report on the Dawn Leaks public, terming the 'secret settlement' of the controversy between the government and military a dangerous move for national security.
The opposition lawmakers in Senate on Thursday underscored the need for making the inquiry report on the Dawn Leaks public, terming the 'secret settlement' of the controversy between the government and military a dangerous move for national security.
Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer
Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer
Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer
Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer
As if more war is the only solution to the Afghan imbroglio, Nato is assessing the need to send more troops to Afghanistan. They won't be a combat mission but act as trainers and advisers to government forces, says Nato secretary general Jens Stoltenburg.
The Travel Agents Association of Pakistan (TAAP) has outright rejected the nominations by the Federation of Chambers of Commerce & Industry (FPCCI) of head of the standing committee on aviation, travel and tourism and the Hajj organising committee, and de
With a view to facilitate export industry, the Small and Medium Enterprises Development Authority (SMEDA) has set up Sialkot Business and Commerce Center in Sialkot with a cost of Rs 312.94 million. The grey structure of the project has been completed whi
Association of Chartered Certified Accountants (ACCA) was the strategic partner at the 'SAFA International Conference-SAARC Economic Challenges 2017' held recently in Islamabad. The annual conference seeks to address the rising challenges and opportunitie
Swiss Ambassador to Pakistan Marc P George has said that joint efforts are needed to boost bilateral trade volume between Switzerland and Pakistan. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) on Thursday he said that Swiss-Pa
It is a matter of great satisfaction that the military has withdrawn its tweet through which it rejected a notification issued by Prime Minister's Office in response to an inquiry committee's recommendations on the Dawn Leaks. It had unnecessarily suggest
Suspected Russia-backed hackers have launched exploratory cyber attacks against the energy networks of the Baltic states, sources said, raising security concerns inside the West's main military alliance, Nato. Lithuania, Latvia and Estonia, all members of
Such is the terror of possible retribution by those in governance that even a man of AD Khowaja's conscience and inherent integrity finds it impossible as IG Police Sindh to function unless he "unscrupulously" implements "party in power's law" in Sindh. K
All public power is a sacred trust, which is to be exercised fairly, justly, honestly and in accordance with law-Supreme Court in Workers' Party Pakistan & Others v Federation of Pakistan & Others [PLD 2012 Supreme Court 681] In the wake of cases of disqu