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Print - 2017-06-22
Tesco supermarket to axe 1,100 UK jobs

Tesco supermarket to axe 1,100 UK jobs

Britain's biggest retailer, supermarket giant Tesco, said Wednesday it plans to cut 1,100 jobs with the closure of a call centre in the Welsh capital Cardiff. Operations will be shifted to its office in Dundee, Scotland, creating 250 jobs, Tesco added in
Published 22 Jun, 2017 12:00am
Oppo eyes world market
Exchange

Oppo eyes world market

With its army of salespeople and vast network of outlets, a relatively new smartphone maker has exploded in popularity to overtake global giants Apple and Samsung in China's market - and now it has its eye on the West.
Published 22 Jun, 2017 12:00am
EU migration to Britain falls sharply

EU migration to Britain falls sharply

The number of people moving to Britain from Eastern Europe has fallen by around a third since the Brexit vote, according to a study released Wednesday that suggested the plunge in the pound could be to blame. The study focused on eight countries that beca
Published 22 Jun, 2017 12:00am
Uber CEO resigns under pressure

Uber CEO resigns under pressure

Uber's embattled chief executive Travis Kalanick has resigned, yielding to pressure from investors seeking to clean up a toxic corporate culture at the fast-growing ridesharing group. Kalanick had announced an indefinite leave of absence a week earlier fo
Published 22 Jun, 2017 12:00am
China welcomes admission to MSCI club at fourth time of trying
Exchange

China welcomes admission to MSCI club at fourth time of trying

China on Wednesday hailed the decision by index compiler MSCI to include it in its key emerging markets list, saying it was a signal of confidence in the world's number-two economy. The agreement to admit mainland-listed big-cap stocks - allowing them to
Published 22 Jun, 2017 12:00am
China welcomes admission to MSCI club at fourth time of trying
Exchange

China welcomes admission to MSCI club at fourth time of trying

China on Wednesday hailed the decision by index compiler MSCI to include it in its key emerging markets list, saying it was a signal of confidence in the world's number-two economy. The agreement to admit mainland-listed big-cap stocks - allowing them to
Published 22 Jun, 2017 12:00am
US FOB Gulf corn offers weaker

US FOB Gulf corn offers weaker

Export premiums for corn shipped from the US Gulf Coast were mostly steady to weak on Tuesday as CIF barge basis values dipped and demand remained limited, traders said. Export terminals along the Gulf Coast are expecting a slowdown in loadings over the c
Published 22 Jun, 2017 12:00am
Phutti prices fall on cotton market
Cotton

Phutti prices fall on cotton market

Phutti prices fell on the cotton market on Wednesday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 6650, they said. In the ready session, few hundreds of bales of new crop from Shahdadpur, Hyderabad and
Published 22 Jun, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 117,826 tonnes of cargo comprising 94,518 tonnes of import cargo and 23,308 tonnes of export cargo including 6,223 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9
Published 22 Jun, 2017 12:00am
Argentine soya farmers shun low prices, sales plummet

Argentine soya farmers shun low prices, sales plummet

Argentine growers are holding soyabeans back from the market because of low prices, a move that has dampened sales at a time of slow market activity in Brazil as well, local farm experts said on Monday. Hoarding of beans in the two South American grains p
Published 22 Jun, 2017 12:00am
Chicago winter wheat flat, spring wheat highest since 2014

Chicago winter wheat flat, spring wheat highest since 2014

Chicago winter wheat futures were little changed Monday after rallying about 5 percent in the last two sessions because of concern dry weather could damage US spring wheat crops. Spring wheat touched its highest since December 2014 on Monday on continued
Published 22 Jun, 2017 12:00am
Indonesia's May palm oil stockpiles likely to fall
Vegetable Oil

Indonesia's May palm oil stockpiles likely to fall

Indonesia's palm oil stockpiles likely fell in May as exports increased because of higher consumer demand ahead of the start of the Islamic holy month of Ramadan, a Reuters survey showed. Crude palm oil (CPO) production in Indonesia, the world's top produ
Published 22 Jun, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,848. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.976 billion and the number of lots traded was 16,414. Major business was contributed by go
Published 22 Jun, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Jun, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Jun, 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 22 Jun, 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 22 Jun, 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 Wednesday (June 21, 2017).

Published 22 Jun, 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 Wednesday (June 21, 2017).

Published 22 Jun, 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 Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 21, 2017).
Published 22 Jun, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
BRIndex30 up 109.99 points

BRIndex30 up 109.99 points

On Wednesday, BRIndex30 opened at 23,975.77 points. It touched an intraday high of 24,222.04 points and an intraday low of 23,245.53 points and closed at 24,085.76 points which was 109.99 points or 0.46 percent higher than previous close. Total volume was
Published 22 Jun, 2017 12:00am
Government clarifies Sartaj's remarks

Government clarifies Sartaj's remarks

In response to a media query, the Spokesperson clarified that the statement at the in-camera session, attributed to Foreign Affairs Adviser, Sartaj Aziz, before Foreign Affairs Committee of the Senate is a misquotation. Sartaj Aziz had said that the gover
Published 22 Jun, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
Government clarifies Sartaj's remarks

Government clarifies Sartaj's remarks

In response to a media query, the Spokesperson clarified that the statement at the in-camera session, attributed to Foreign Affairs Adviser, Sartaj Aziz, before Foreign Affairs Committee of the Senate is a misquotation. Sartaj Aziz had said that the gover
Published 22 Jun, 2017 12:00am
'Tampering with record' charge: FIA team formed
Exchange

'Tampering with record' charge: FIA team formed

The Federal Investigation Agency (FIA) Wednesday constituted a two-member committee to investigate the role of Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi in allegedly tampering with the record of Chaudhry Sugar Mills Limit
Published 22 Jun, 2017 12:00am
'Tampering with record' charge: FIA team formed
Exchange

'Tampering with record' charge: FIA team formed

The Federal Investigation Agency (FIA) Wednesday constituted a two-member committee to investigate the role of Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi in allegedly tampering with the record of Chaudhry Sugar Mills Limit
Published 22 Jun, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 21, 2017).

Published 22 Jun, 2017 12:00am
''Tampering with record'' charge: FIA team formed
Exchange

''Tampering with record'' charge: FIA team formed

The Federal Investigation Agency (FIA) Wednesday constituted a two-member committee to investigate the role of Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi in allegedly tampering with the record of Chaudhry Sugar Mills Limit
Published 22 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (June 21, 2017) and the forecast for Thursday (June 22, 2017).

Published 22 Jun, 2017 12:00am
''''Tampering with record'''' charge: FIA team formed
Exchange

''''Tampering with record'''' charge: FIA team formed

The Federal Investigation Agency (FIA) Wednesday constituted a two-member committee to investigate the role of Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi in allegedly tampering with the record of Chaudhry Sugar Mills Limit
Published 22 Jun, 2017 12:00am
Charter of Democracy has nothing to do with Hudaibiya case: Malik

Charter of Democracy has nothing to do with Hudaibiya case: Malik

Pakistan People's Party Parliamentarians (PPPP) Senator Rehman Malik Wednesday said that he will share the 'facts' related to Hudaibiya Paper Mills case with the Joint Investigation Team (JIT) probing the Panama Papers case. Speaking at a news conference,
Published 22 Jun, 2017 12:00am
Charter of Democracy has nothing to do with Hudaibiya case: Malik

Charter of Democracy has nothing to do with Hudaibiya case: Malik

Pakistan People's Party Parliamentarians (PPPP) Senator Rehman Malik Wednesday said that he will share the 'facts' related to Hudaibiya Paper Mills case with the Joint Investigation Team (JIT) probing the Panama Papers case. Speaking at a news conference,
Published 22 Jun, 2017 12:00am
Stocks snap losing streak
Mutual Funds

Stocks snap losing streak

Fresh buying by local and foreign investors supported the Pakistan Stock Exchange to close in positive territory Wednesday. The benchmark KSE-100 index increased by 560.01 points to 45,474.46 points. Trading activity also improved as daily trading volumes
Published 22 Jun, 2017 12:00am
Stocks snap losing streak
Mutual Funds

Stocks snap losing streak

Fresh buying by local and foreign investors supported the Pakistan Stock Exchange to close in positive territory Wednesday. The benchmark KSE-100 index increased by 560.01 points to 45,474.46 points. Trading activity also improved as daily trading volumes
Published 22 Jun, 2017 12:00am
Stocks snap losing streak
Mutual Funds

Stocks snap losing streak

Fresh buying by local and foreign investors supported the Pakistan Stock Exchange to close in positive territory Wednesday. The benchmark KSE-100 index increased by 560.01 points to 45,474.46 points. Trading activity also improved as daily trading volumes
Published 22 Jun, 2017 12:00am
Macron reshuffles cabinet after key allies resign
Exchange

Macron reshuffles cabinet after key allies resign

French President Emmanuel Macron appointed little-known railway executive Florence Parly as his defence minister Wednesday as he reshuffled his cabinet just five weeks into office. The overhaul, which also saw constitutional lawyer Nicole Belloubet appoin
Published 22 Jun, 2017 12:00am
Saudi king names son as heir

Saudi king names son as heir

Saudi Arabia's King Salman ousted his nephew as crown prince on Wednesday and installed his son Mohammed bin Salman, capping a meteoric rise for the 31-year-old that puts him one step from the throne. The young prince already wielded huge power before he
Published 22 Jun, 2017 12:00am
Saudi king names son as heir

Saudi king names son as heir

Saudi Arabia's King Salman ousted his nephew as crown prince on Wednesday and installed his son Mohammed bin Salman, capping a meteoric rise for the 31-year-old that puts him one step from the throne. The young prince already wielded huge power before he
Published 22 Jun, 2017 12:00am
Mali delays constitutional referendum to cool tensions

Mali delays constitutional referendum to cool tensions

Mali on Wednesday delayed a constitutional referendum due to be held on July 9 in the face of heavy political opposition and street protests. The vote was aimed at enshrining elements of a 2015 peace deal into the charter and establishing a senate in parl
Published 22 Jun, 2017 12:00am
Chinese foreign minister due on June 24

Chinese foreign minister due on June 24

Amidst a surge in tensions between Pakistan and Afghanistan, Chinese Foreign Minister Wang Yi will pay visit to Pakistan on June 24 and then he will depart for Kabul. The visit is aimed at defusing tensions between two neighbours. Wang Yi will hold talks
Published 22 Jun, 2017 12:00am
5-60 percent RD levied on 67 items

5-60 percent RD levied on 67 items

The Federal Board of Revenue (FBR) has imposed regulatory duty (RD) within the range of 5 to 60 percent on the import of 67 items from Wednesday. The FBR has amended SRO 482(I)/2009 through SRO 504(I)/2017 issued Wednesday.
Published 22 Jun, 2017 12:00am
BRIndex30 up 109.99 points

BRIndex30 up 109.99 points

On Wednesday, BRIndex30 opened at 23,975.77 points. It touched an intraday high of 24,222.04 points and an intraday low of 23,245.53 points and closed at 24,085.76 points which was 109.99 points or 0.46 percent higher than previous close. Total volume was
Published 22 Jun, 2017 12:00am
5-60 percent RD levied on 67 items

5-60 percent RD levied on 67 items

The Federal Board of Revenue (FBR) has imposed regulatory duty (RD) within the range of 5 to 60 percent on the import of 67 items from Wednesday. The FBR has amended SRO 482(I)/2009 through SRO 504(I)/2017 issued Wednesday.
Published 22 Jun, 2017 12:00am
5-60 percent RD levied on 67 items

5-60 percent RD levied on 67 items

The Federal Board of Revenue (FBR) has imposed regulatory duty (RD) within the range of 5 to 60 percent on the import of 67 items from Wednesday. The FBR has amended SRO 482(I)/2009 through SRO 504(I)/2017 issued Wednesday.
Published 22 Jun, 2017 12:00am
CoAS meets Turkish defence minister

CoAS meets Turkish defence minister

Chief of Army Staff General Qamar Javed Bajwa, who is on an official visit to Turkey, called on Defence Minister of Turkey Fikri ISIK on Wednesday. Matters related to regional situation and bilateral security cooperation were discussed. Both agreed upon t
Published 22 Jun, 2017 12:00am
Saudis, allies have list of demands for Qatar: US

Saudis, allies have list of demands for Qatar: US

Saudi Arabia and its Gulf allies have drawn up a list of demands to be presented to Qatar, US Secretary of State Rex Tillerson said Wednesday, amid a regional diplomatic crisis. "We hope the list of demands will soon be presented to Qatar and will be reas
Published 22 Jun, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 21, 2017)

Published 22 Jun, 2017 12:00am
Temer hails ties with Putin as scandal rages at home

Temer hails ties with Putin as scandal rages at home

Russian President Vladimir Putin met with Brazilian counterpart Michel Temer Wednesday, with the leaders hailing a deep-rooted relationship while staying mum on Brazil's corruption scandal. Temer is accused by Brazil's federal police of receiving bribes,
Published 22 Jun, 2017 12:00am