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
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
Asia's naphtha crack extended losses for the second straight day on Friday to reach a 1-1/2-week low of $57.18 as healthy demand was offset by expectations of high supplies. Cargoes arriving in Asia from Europe and the Mediterranean in July are expected t
Spot basis bids for hard red winter wheat held steady across the interior southern US Plains on Friday but continued to firm for supplies headed to the US Gulf, grain dealers said. Farmer sales remained slow, even with a rally in the futures market pushin
Palm oil on the European vegetable oils market rose again on Friday, supported by strong gains in Malaysian palm oil futures which had been boosted by a weaker ringgit and gains in rival soyaoil. A lower ringgit could increase export demand as it makes pa
Export premiums for hard red winter wheat shipped from the US Gulf Coast were higher on Friday amid tight supplies of high-protein grain and solid demand, traders said. Premiums for 12-percent protein HRW have widened to around 75 cents above 11.5 percent
Chinese steel futures rose for a third day in a row on Friday but gave up bulk of the day's gains as the outlook for demand in the world's top steel consumer may not be too promising, particularly from its property sector. Shanghai rebar steel futures ros
US natural gas futures eased on Friday as production edged higher despite forecasts for steady above-normal temperatures through late June expected to boost cooling demand. Front-month gas futures fell 1.9 cents, or 0.6 percent, to settle at $3.037 per mi
A surge on US grain markets pushed European milling wheat futures in to their highest in about 3-1/2 months on Friday. New crop benchmark December milling wheat on the Paris-based Euronext exchange unofficially closed up 1.5 percent or 2.75 euros at 177.5
Less buying interest pushed the rates further down on the cotton market on Monday in process of trading, dealers said. The official spot rate was lower by Rs 50 to Rs 6650, they said. In the ready session, a single deal of 755 bales of cotton from Haroona
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,884. The total traded value of Metals, Energy and COTS/FX was recorded at 3.951 billion and the number of lots traded was 8,627. Major business was contributed by gold amo
ICE Canadian canola futures rose on Friday in thin volume, lifted by modest technical buying and talk of export sales. July canola gained $1.10 at $514.10 per tonne. Most-active November canola added $2.30 to $488.20 per tonne. July-November canola spread
US wheat futures rose on Friday, supported by concerns that dry weather in key growing areas of the world would lead to shortfalls of high-protein supplies of the grain, traders said. Gains accelerated as investment funds covered short positions when the
Spot basis bids for corn were 1-2 cents per bushel lower at processors in Illinois and Nebraska on Friday and mostly steady elsewhere in the US Midwest following scattered farmer sales during a rally in futures, grain merchants said. Farmers sold small am
Iraq's state grains buyer purchased about 30,000 tonnes of rice to be sourced from Argentina in an international tender which closed this week, European traders said on Friday. It was purchased at around $548 a tonne c&f, they said. The tender closed on J
Gasoline refining margins in northwest Europe were marginally higher on Friday after sharp falls the previous day as an oversupplied US market continued to weigh on transatlantic export economics. Exports to the US East Coast significantly slowed in recen
The Karachi Port handled 305,057 tonnes of cargo comprising 145,362 tonnes of import cargo and 159,695 tonnes of export cargo including 8,104 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 14
Moody's Investors Service on Monday downgraded 12 Australian banks, including the four biggest lenders, reflecting what it called elevated risks in the household sector. Such risk was heightening the sensitivity of the banks' credit profiles to an adverse
Moody's Investors Service on Monday downgraded 12 Australian banks, including the four biggest lenders, reflecting what it called elevated risks in the household sector. Such risk was heightening the sensitivity of the banks' credit profiles to an adverse
The steep decline in South Africa's business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody's said on Monday, after Africa's most industrialised economy slumped to a recession. South African business c
Britain's biggest carmaker Jaguar Land Rover (JLR) will hire 5,000 staff as it boosts its skills in autonomous and electric technology, a welcome business endorsement as Prime Minister Theresa May starts Brexit talks after a botched election. JLR, which e
Japan unexpectedly slumped back into a trade deficit for the first time in four months, as soaring energy import bills offset growth in the country's shipments abroad, government data showed Monday. Japan logged a surprise deficit of 203 billion yen ($1.8
The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialise, warning of weak consumption that remains vulnerable to external shocks. While
Britain's negotiators came to Brussels seeking a "new, deep and special partnership with the European Union" on Monday as talks on the unprecedented British withdrawal from the bloc finally got under way. A beaming Brexit Secretary David Davis, a veteran
Europe must invest in new military technologies to stay ahead of increasing threats and respond to "a new world" in which it cannot rely solely on the United States, the EU's Economic and Financial Affairs Commissioner Pierre Moscovici said. Moscovici sai
Lockheed Martin signed an agreement with India's Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win billions of dollars worth of order from the Indian military. I
Boeing announced Monday what it claims will be the most efficient jet yet in the highly competitive civil aviation market as it tries to claw back market share from rival Airbus. "Today, it is our pleasure to officially announce the newest member of our 7
The European Central Bank revealed the full terms of its emergency bank funding scheme on Monday, including how much it charges lender, as part of an attempt to make the often criticised liquidity lifeline more transparent. Provided to solvent European ba
Saudi Arabia's stock market surged on Monday after a regulatory official was quoted as predicting the bourse would enter MSCI's emerging market index sooner than most investors had expected, while the rest of the region was subdued. Mohammed El-Kuwaiz, vi
Hong Kong stocks had their best day in nearly six weeks on Monday, led by IT and financial shares, as investors welcomed a plan for a new board to attract "new economy" listings - which would benefit investment banks and put vigour in the tech sector.
Tokyo stocks rose Monday, tracking a record close for the Dow on Wall Street, with exporters boosted by a weaker yen as data showed Japan saw a surprise trade deficit in May. "As the market went through major news events last week and the remaining French
US stocks were higher in late morning trading on Monday, with the S&P 500 and Dow Jones Industrial Average hitting yet another record high, as technology stocks rebounded after recent losses. The S&P technology sector is coming off its second straight wee
Canada's main stock index was lifted by shares of financial firms on Monday, while energy companies got a boost as oil prices steadied after coming under pressure over the past month. Royal Bank of Canada was the biggest gainer on the index, up 1.0 percen
Most Southeast Asian stock markets ended higher on Monday on improved risk sentiment as investors looked past the US Federal Reserve's decision last week to raise interest rates, with Vietnam hitting at a fresh nine-year closing high. The Philippines led
The gap between French and German bond yields held near its tightest level in seven months after French President Emmanuel Macron won a commanding majority in parliamentary elections, securing a strong mandate for pro-business reforms. France's 10-year go
The gap between French and German bond yields held near its tightest level in seven months after French President Emmanuel Macron won a commanding majority in parliamentary elections, securing a strong mandate for pro-business reforms. France's 10-year go
Indian shares rose on Monday as banking stocks gained on hopes that a central bank initiative directing lenders to start bankruptcy proceedings against large loan defaulters would help reduce the levels of bad debt hampering credit growth in the country.
China stocks rose on Monday, with the blue-chip CSI300 index snapping a three-day losing streak, on signs that tight liquidity is easing and as fewer new listings are expected to come onto the market. The blue-chip CSI300 index rose 1.0 percent, to 3,553.
Australian shares rose on Monday, which much of the gains supplied by financials stocks sought for attractive dividend yields. The S&P/ASX 200 index ended up 0.5 percent or 31.17 points to 5,805.20. The desire for high dividend yields - which are a featur
French stocks outperformed upbeat European indices on Monday following a convincing parliamentary majority for President Emmanuel Macron, while banks bounced following upgrades and the retail sector recovered from last week's losses. France's blue-chips g
The Sri Lankan rupee ended weaker on Monday as dollar demand from importers weighed on the spot currency when it resumed trading after six weeks, dealers said. The spot rupee ended at 153.18/23 after it began trading for the first time since May 5 when th
Sterling held steady on Monday ahead of the start of Brexit negotiations, with investors also awaiting comments from a top Federal Reserve official to see whether the US dollar's recent rise can be sustained. The British pound was little changed at $1.277
The dollar nudged higher on Monday as an influential US Federal Reserve official expressed confidence rising wages would help revive domestic inflation which has shown signs of softening recently. The yen weakened against the greenback and euro following
The differing messages of the world's major central banks on inflation and monetary policy prodded the dollar and euro higher against the yen on Monday, with traders eyeing a series of appearances by US Federal Reserve officials this week. Fed chief Janet
Most emerging Asian currencies edged up on Monday, with the Korean won leading gains as the dollar was subdued by questions over the strength of the US economy after weak economic data. The dollar's rally on the back of rising interest rates was tempered
The Australian dollar stood near a 2-1/2 month peak on Monday aided by upbeat economic data and as the price of iron ore - the country's No. 1 export earner - steadied following steep falls in recent weeks. A weakening greenback helped support the Austral
Sterling edged down against the dollar on Monday, with demand for the currency weakened by uncertainty over domestic politics and over Britain's economic future, as formal Brexit negotiations got under way. Britain and the European Union's chief negotiato
China's yuan firmed against the dollar on Monday, supported by a stronger midpoint fix and as data pointed to more balanced supply and demand in the forex market amid Beijing's tougher crackdown on illegal capital outflows. Traders expect more volatility
Arturo Vidal's late header helped Chile to a 2-0 win over Cameroon in their Confederations Cup Group B opener in Moscow on Sunday, as the video assistant referee played a prominent role. Chile dominated an entertaining, but goalless, first half as Eduardo
Bayern Munich on Monday rubbished reports they are set to swoop for world superstar Cristiano Ronaldo - with the German giants' chairman Karl-Heinz Rummenigge insisting it's pure fantasy. The 32-year-old Real Madrid star has threatened to leave Spain afte
Pakistan coach Mickey Arthur said he hoped a proposed World XI visit to the country later this year went ahead after his side served notice of their enduring talent with a stunning Champions Trophy final win over India. Bottom-ranked Pakistan produced a b
Brooks Koepka produced a back-nine birdie blitz to win the US Open here Sunday, becoming the seventh consecutive first-time winner of a major with a record-equalling four-shot victory at Erin Hills. The 27-year-old from Florida fired a five-under-par fina
Jubilant photographs of Pakistan cricket fans dancing in the streets were plastered all over national newspapers Monday after their eighth-ranked team produced a thrilling win against arch-rivals India in the Champions Trophy final. Pakistan inflicted a m
Islamia College Stori will face Qisa Khawani Darwash in the grand final of the ongoing Nazim Peshawar Floodlight Hockey League being played here at Lala Ayub Hockey Stadium. Nazim Peshawar, Muhammad Asim was the chief guest on this occasion and before the
Australia's cricketers will not back down in a bitter pay dispute, David Warner has warned amid fears their October tour of India is looming as a flashpoint. As the June 30 deadline for a new memorandum of understanding between Cricket Australia and the A
Prime Minister Lee Hsien Loong apologised to Singaporeans on Monday for a bitter family feud over his late father's legacy, saying it had damaged the country's reputation. Lee and two younger children of revered founding leader Lee Kuan Yew have been atta
At least 16 people died in a double suicide bombing near a large camp for people made homeless by years of Boko Haram violence, Nigeria's emergency services and locals said Monday. It was the biggest in a series of weekend attacks. The National Emergency
Indonesia, Malaysia and the Philippines began joint naval patrols in their region Monday as threats from extremist groups increase. The "trilateral coordinated maritime patrol" was launched amid continuing battles between Philippine troops and Islamist gu
Iraq's Prime Minister Haider al-Abadi arrived in Saudi Arabia Monday on a tour that will also take him to Riyadh's rival Iran and to Kuwait. His visit comes with the Gulf region in turmoil after Saudi Arabia, the United Arab Emirates and other allies cut
Turkish troops have arrived in Doha to take part in joint training exercises, Qatar's defence ministry said on Monday, at a time of high tension in the Gulf. The first joint drills took place on Sunday at the Tariq bin Ziyad military camp in Doha, the min
A Chinese naval fleet is steaming towards the Baltic Sea to participate in joint exercises with Russia, with the show of force to take place after US President Donald Trump visits Nato ally Poland next month. The three ships, headed by the Changsha destro
Nato has held its first war games focused on defending the Suwalki Gap, a land corridor critical to the security of its Baltic allies, officials said Monday, amid tensions with Russia. The narrow stretch of the Polish-Lithuanian border is sandwiched betwe
President Emmanuel Macron was poised to forge ahead with pro-EU, business-friendly reforms Monday after his centrist party redrew France's political map with a resounding victory in parliamentary elections. Although it fell short of a predicted landslide,
Russian President Vladimir Putin on Monday appointed a new ambassador to Turkey following the killing of Moscow's previous envoy Andrei Karlov in December. In a decree posted in an official database, Putin gave an order to "appoint Alexei Yerkhov as ambas
The European Union warned Monday that a cyberattack on any one member state could merit a response by all members of the bloc, amid growing fears of hackers holding governments to ransom. Last month, "Wannacry," a huge ransomware attack linked to North Ko
A tight-knit Muslim community in the Virginia suburbs of Washington was grieving Monday after a teenager was apparently assaulted and killed as she left a local mosque. Friend and worshippers at the mosque, known as the All Dulles Area Muslim Society, hav
The European Union on Monday rolled over for another year sanctions imposed to protest Russia's 2014 annexation of Crimea from Ukraine, which the bloc deems illegal. The Crimea sanctions prohibit certain exports and imports, and ban investment and tourism
A car exploded and burst into flames after it crashed into a police van on the Champs-Elysees avenue in Paris on Monday, police and investigators said, adding that the driver was armed. A source close to the investigation said the driver was "seriously in
Israel on Monday began reducing electricity supplies to the Gaza Strip, despite warnings the move could increase suffering and tensions in the Palestinian enclave. The cut will reduce the mains power flow to Gaza to as little as two hours a day, though ma
Member of National Assembly and chairman of Pakistan Awami Raj party Jamshed Dasti was produced in Anti-Terrorism Court here on Monday under heavy security arrangements. Dasti production before the ATC prompted labourers to come out on roads in his suppor
The writer has stated that in PWC report the Gross Domestic Product ranking projections were based on Purchasing Power Parity (PPP) which adjusts for price differentials between countries reflecting the volume of goods and services produced and not GDP at
Byco Petroleum Pakistan Limited was formed in January 1995 as a public listed company. It started its first oil refinery with a capacity of 30,000 barrels a day at Hub, Balochistan with commercial production starting from July, 2004. The company manufactu