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Print - 2017-05-12
Bangladesh tea prices fall

Bangladesh tea prices fall

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
Published 12 May, 2017 12:00am
US labour market tightening; inflation pressures building

US labour market tightening; inflation pressures building

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
Published 12 May, 2017 12:00am
Barclays rejigs global investment banking team, seeks new hires

Barclays rejigs global investment banking team, seeks new hires

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
Published 12 May, 2017 12:00am
Eurozone outlook raised despite 'high uncertainty'

Eurozone outlook raised despite 'high uncertainty'

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
Published 12 May, 2017 12:00am
Saudi deficit plunges

Saudi deficit plunges

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
Published 12 May, 2017 12:00am
BT Group says to axe 4,000 jobs worldwide

BT Group says to axe 4,000 jobs worldwide

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
Published 12 May, 2017 12:00am
Mills take interest in fresh buying
Cotton

Mills take interest in fresh buying

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
Published 12 May, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

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
Published 12 May, 2017 12:00am
CBOT corn futures higher

CBOT corn futures higher

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.
Published 12 May, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

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
Published 12 May, 2017 12:00am
US FOB Gulf HRW wheat offers stay firm

US FOB Gulf HRW wheat offers stay firm

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
Published 12 May, 2017 12:00am
Palm oil firmer on European vegoils market
Vegetable Oil

Palm oil firmer on European vegoils market

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
Published 12 May, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 12 May, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 12 May, 2017 12:00am
State Bank of Pakistan conversion rates
Exchange

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 12 May, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 12 May, 2017 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 11, 2017).
Published 12 May, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
JLI MANAGED TAKAFUL

JLI MANAGED TAKAFUL

JLI Managed Takaful Fund Rates on Thursday (May 10, 2017).

Published 12 May, 2017 12:00am
JLI MANAGED TAKAFUL

JLI MANAGED TAKAFUL

JLI Managed Takaful Fund Rates on Thursday (May 10, 2017).

Published 12 May, 2017 12:00am
JLI MANAGED TAKAFUL

JLI MANAGED TAKAFUL

JLI Managed Takaful Fund Rates on Thursday (May 10, 2017).

Published 12 May, 2017 12:00am
CoAS meets young officers at Quetta Garrison

CoAS meets young officers at Quetta Garrison

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
Published 12 May, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

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
Published 12 May, 2017 12:00am
India urges UN court to stop Pakistan executing Jadhav

India urges UN court to stop Pakistan executing Jadhav

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
Published 12 May, 2017 12:00am
India urges UN court to stop Pakistan executing Jadhav

India urges UN court to stop Pakistan executing Jadhav

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
Published 12 May, 2017 12:00am
Uproar in Senate: notification fails to plug Dawn Leaks

Uproar in Senate: notification fails to plug Dawn Leaks

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.
Published 12 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
Uproar in Senate: notification fails to plug Dawn Leaks

Uproar in Senate: notification fails to plug Dawn Leaks

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.
Published 12 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
Tariff lines: government to seek concessions from China

Tariff lines: government to seek concessions from China

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
Published 12 May, 2017 12:00am
Tariff lines: government to seek concessions from China

Tariff lines: government to seek concessions from China

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
Published 12 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
Tariff lines: government to seek concessions from China

Tariff lines: government to seek concessions from China

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
Published 12 May, 2017 12:00am
Tariff lines: government to seek concessions from China

Tariff lines: government to seek concessions from China

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
Published 12 May, 2017 12:00am
More Nato troops in Afghanistan?

More Nato troops in Afghanistan?

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.
Published 12 May, 2017 12:00am
Heads of committees: TAAP rejects FPCCI's nominations

Heads of committees: TAAP rejects FPCCI's nominations

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
Published 12 May, 2017 12:00am
SMEDA sets up Sialkot business center
Exchange

SMEDA sets up Sialkot business center

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
Published 12 May, 2017 12:00am
ACCA leaders discuss way-forward at SAFA conference

ACCA leaders discuss way-forward at SAFA conference

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
Published 12 May, 2017 12:00am
Joint efforts needed to enhance bilateral trade: Swiss envoy

Joint efforts needed to enhance bilateral trade: Swiss envoy

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
Published 12 May, 2017 12:00am
Army withdraws tweet

Army withdraws tweet

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
Published 12 May, 2017 12:00am
Suspected Russia-backed hackers target Baltic energy networks

Suspected Russia-backed hackers target Baltic energy networks

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
Published 12 May, 2017 12:00am
Make-believe democracy

Make-believe democracy

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
Published 12 May, 2017 12:00am
Public power is sacred trust
Exchange

Public power is sacred trust

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
Published 12 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (May 11, 2017) and the forecast for Friday (May 12, 2017).

Published 12 May, 2017 12:00am