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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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,
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,
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
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
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
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
The State Bank of Pakistan (SBP) has an extensive database on Islamic Banks (IBs) operations, but inconsistencies in the data methodologies in IBs audited accounts could affect data quality for policy formulation, said International Monetary Fund (IMF).
The State Bank of Pakistan (SBP) has an extensive database on Islamic Banks (IBs) operations, but inconsistencies in the data methodologies in IBs audited accounts could affect data quality for policy formulation, said International Monetary Fund (IMF).
The State Bank of Pakistan (SBP) has an extensive database on Islamic Banks (IBs) operations, but inconsistencies in the data methodologies in IBs audited accounts could affect data quality for policy formulation, said International Monetary Fund (IMF).
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
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
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
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
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.
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
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.
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.
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
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
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,