On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,834. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.669 billion and the number of lots traded was 29,022. Major business was contributed by
European wheat traded in negative territory on Tuesday afternoon as traders booked profits after prices hit their highest in nearly a year on growing concern about potential crop damage from a heatwave in France. December milling wheat on Paris-based Euro
Corn spot basis bids were mostly steady to narrowly higher at US Midwest processors and elevators on Tuesday as farmers continued to delay sales, grain merchants said. Bids gained by 1 cent per bushel at a corn syrup maker near Chicago and by about 4 cent
The Karachi Port handled 133,447 tonnes of cargo comprising 104,572 tonnes of import cargo and 28,875 tonnes of export cargo including 7,266 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
After a short break official spot rate dropped modestly on the cotton market on Thursday in the process of slow trade activity, dealers said. The official spot rate was down by Rs 50 to Rs 6600, dealers said. In the ready session, a single deal of 600 bal
Cotton prices continue to remain weak since the past eight or nine days due to slow movement of yarn and fabrics from the textile mills who are facing very difficult conditions. Mainly, the textile mill owners have blamed the government for the supply of
Cotton prices continue to remain weak since the past eight or nine days due to slow movement of yarn and fabrics from the textile mills who are facing very difficult conditions. Mainly, the textile mill owners have blamed the government for the supply of
Anti-junta activists staged a rare protest in Thailand on Thursday demanding the release of a prominent student leader who was detained for sharing a news story about the kingdom's new monarch on Facebook. Jatupat "Pai" Boonpatararaksa, 25, was arrested s
The EU pledged 85 million euros ($95 million) to Uganda on Thursday as UN chief Antonio Guterres urged donors to give 20 times that amount to help the country deal with nearly one million refugees from South Sudan. Guterres visited a refugee camp in Ugand
Boeing outpaced its rival Airbus in terms of new orders at this year's Paris Air Show thanks to its new 737 MAX 10 airliner, taking in a total of 571 orders for nearly $75 billion. The 737 MAX 10 is aimed at the biggest part of the commercial airline mark
The main forest fires raging in Portugal since the weekend, which have killed more than 60 people, were brought under control on Thursday, the civil protection agency said. The giant blaze broke out initially at Pedrogao Grande and spread to adjacent area
Mexico's annual inflation rate rose faster than expected in early June to its highest in more than eight years, reinforcing expectations for another interest rate hike by the central bank on Thursday. Inflation for the year through mid-June was 6.30 perce
Canadian retail sales rose in April on higher gasoline prices and increased demand for home appliances and garden supplies, Statistics Canada said on Thursday in a report that lent support to the Bank of Canada's recent hawkish monetary policy stance.
Bank of England policymakers are increasingly split over the need to raise interest rates for the first time in a decade. A 5-3 vote last week in favour of keeping borrowing costs unchanged was closer than expected, and on Wednesday the BoE's chief econom
New claims for US jobless benefits edged slightly higher in mid-June, but the record streak of low levels continued, indicating the labor market remains tight, the Labor Department reported Thursday. The results suggested the overall jobless rate may rema
Iran is shipping more than 1,000 tonnes of fruits and vegetables to Qatar every day after Gulf countries led by Saudi Arabia cut relations with Doha, Fars news agency reported Thursday. Saudi Arabia, the UAE and Bahrain are among several countries which a
Qatar Airways has notified American Airlines it wants to buy about a 10 percent stake in the US carrier, which confirmed the move Thursday in a securities filing. Qatar Airways disclosed that it planned to buy at least $808 million in shares, and Qatar Ai
Iranian carriers Iran Airtour and Zagros Airlines have agreed to buy a combined 73 planes from Airbus, the European aircraft maker said on Thursday at the Paris Air Show. Following the end of international sanctions over Tehran's nuclear programme, Irania
Mounds of rubbish festered in soaring temperatures in Athens on Thursday as thousands demonstrated in support of refuse collectors demanding the renewal of their contracts. Authorities said around 5,000 people gathered in central Athens, closing roads to
Thailand's customs-cleared exports rose for a third straight month in May, handily beating expectations, as global demand improved, suggesting the trade-dependent economy was gaining momentum. Exports climbed 13.2 percent in May from a year earlier, the f
The Philippine central bank on Thursday left key interest rates unchanged and cut its forecast for inflation this year, a move likely to reduce expectations for at least one rate hike in the second half. The central bank, which has repeatedly said its pol
A push by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in Europe's key industries faced a setback on Thursday from EU partners who fear a rise of protectionism. European leaders will discuss the thorny topic
Japan's Nikkei share average erased early modest gains on Thursday and edged down, as a stronger yen took its toll on market sentiment. The Nikkei ended 0.1 percent lower at 20,110.51, extending Wednesday's 0.5 percent decline and moving further away from
Wall Street was higher in late morning trading on Thursday as health stocks got a boost after Republicans unveiled a bill to repeal Obamacare and the energy sector took a breather with oil prices edging up from multi-month lows. The S&P healthcare index r
The S&P 500 and Dow stock indexes were weighed down by falling energy shares as oil prices fell on Wednesday and added to investor concerns about low inflation, while healthcare and technology stocks helped lift the Nasdaq Composite index. Energy was the
India's benchmark BSE index hit a record high on Thursday as steps taken by the capital markets regulator to attract more investments and tackle massive bad loans of banks boosted sentiment. The Securities and Exchange Board of India (SEBI) proposed on We
Most Southeast Asian stock markets rose on Thursday, led by gains in Singapore and Thailand, but a slide in oil prices to multi-month lows kept investors on edge. Singapore shares rose 0.4 percent, with financials contributing most of the gains, while Tha
Saudi Arabia's stock market extended on the previous session's rally on Thursday as investors focused on shares likely to benefit from economic reforms and from MSCI's decision while Qatar rebounded as foreign funds were net buyers. The Riyadh index added
Hong Kong stocks were little changed on Thursday, as investors pondered the potential impact of MSCI's decision to include more mainland China stocks in a key benchmark index. The Hang Seng index fell 0.1 percent, to 25,674.53 points, while the China Ente
European shares were in store for another weak session on Thursday, pegged back by the slide in commodities-related sectors on the back of depressed oil prices. The pan-European STOXX 600 index was down 0.4 percent, on track for its third day of straight
Sri Lankan shares fell on Thursday in low turnover, retreating from a 17-month closing high, as investors awaited the central bank's monetary policy review. The central bank is expected to keep its key policy rates steady at more than three-year highs, a
Australian shares rose on Thursday, gaining support from financials and materials for a rebound from the previous session's biggest sell-off this year. The S&P/ASX 200 index closed 0.7 percent or 40.28 points higher to at 5,706.00. On Wednesday, the bench
A rise in defensive health care stocks and precious metals miners helped pick Britain's top share index up from a one-week low as oil prices eased, while small cap Imagination Tech soared after putting itself up for sale. The blue chip FTSE 100 index redu
The Canadian dollar strengthened on Thursday against its US counterpart, boosted by higher oil prices and stronger-than-expected domestic retail sales data, while the country's largest alternative lender got a loan from Berkshire Hathaway Inc Canadian ret
The dollar held steady below a one-month high against a basket of currencies on Thursday, consolidating recent gains tied to bets the US central bank could increase rates once more later this year. The New Zealand dollar edged higher, after the Reserve Ba
Rises in US interest rates will probably prop the dollar up over the next 18 months, but its multi-year run higher since 2012 looks to be over, strategists from British bank Barclays said in a note on Thursday. The swifter recovery of US banks and the US
The dollar was flat against a basket of currencies on Thursday as low US bond yields offset in-line data on domestic jobless claims and home prices, keeping it close to the one-month peak it reached earlier this week. The yen garnered some safe-haven dema
The dollar slipped from a one-month peak against a basket of currencies on Wednesday, as losses on Wall Street stocks spurred some traders to book profits on gains tied to expectations of possibly another US interest rate increase later this year. Sterlin
The Sri Lankan rupee ended slightly firmer on Thursday ahead of the central bank's policy review as a foreign bank sold dollars, but dollar buying by a state bank prevented further strengthening in the rupee, dealers said. Sri Lanka's central bank is expe
The Philippine peso fell as much as 0.2 percent on Thursday to its lowest level in nearly three months, ahead of a central bank meeting later in the day at which policy was expected to remain unchanged. Most other emerging Asian currencies traded within a
Sterling traded slightly below $1.27 on Thursday as investors were divided over the prospect of a rise in interest rates from the Bank of England after two of its top officials gave opposing signals on the matter this week. BoE Governor Mark Carney said i
The New Zealand dollar shot up on Thursday after the central bank held official cash rates at record lows but sounded less dovish than bears in the market had wagered on. Some had expected the Reserve Bank of New Zealand (RBNZ) to do more to talk down a r
Sri Lanka fast bowler Lasith Malinga faced an investigation Thursday after he compared a government minister to a monkey following criticism that the country's cricketers were too fat. Sports minister Dayasiri Jayasekera said he ordered an inquiry after M
Chris Froome's tilt at a fourth Tour de France title will be aided by two riders who saw their Giro d'Italia ambitions ended by a freak accident, Team Sky announced Thursday. Spaniard Mikel Landa and Welshman Geraint Thomas were caught up in a mass fall a
Captain AB de Villiers promised South Africa would "fight our way back" after England thrashed them by nine wickets in the first Twenty20 international at Southampton on Wednesday. After the chastening defeat, which came after their first-round exit at th
Brazilian international Oscar was banned for eight games on Thursday for triggering a spectacular mass brawl in the Chinese Super League between his Shanghai SIPG side and Guangzhou R&F. After the former Chelsea midfielder appeared twice to fire the ball
India's share of world cricket revenues will increase from $293 to $405 million under a new deal agreed at a meeting of the game's global governing body in London, the Press Trust of India reported Thursday. The deal came after India protested a decision
Fourth seed Marin Cilic overpowered American teenager Stefan Kozlov 6-0 6-4 to reach the quarter-finals of the Aegon Championships on the Queen's Club grass on Thursday. Croatian Cilic, winner of the prestigious Wimbledon warm-up event in 2012, romped thr
The English Football Association has ended its sponsorship deals with betting company Ladbrokes and confirmed it was ceasing all commercial agreements with gambling firms. The move comes after the FA was criticised for punishing players for betting violat
Chinese businessman Jiang Lizhang's Desports group has agreed to purchase a 60 percent stake in Italian side Parma, club vice-president Marco Ferrari said Thursday. Former UEFA Cup winners Parma have earned a Serie B berth next season, two years after ban
The National Selection Committee has announced 27 players for a 10-week high performance camp at the National Cricket Academy (NCA), Lahore to be held from July 3, 2017 to Sep 9, 2017. The camp has been organized keeping in view the future commitments of
Afghanistan and Ireland are poised to become the 11th and 12th members of Test match cricket's close-knit club on Thursday when the sport's governing body meets in London. It's been almost two decades since Bangladesh were the last country to be granted T
The global narcotics market is "thriving", with production of cocaine and opium soaring and opioids wreaking havoc, the UN crime and drugs agency said Thursday in a gloomy annual assessment. "As the report... clearly shows, there is much work to be done t
US House of Representatives Speaker Paul Ryan said on Thursday he backs efforts to quickly move legislation to impose new sanctions on Russia and Iran that passed the Senate nearly unanimously but was stalled by a procedural snag in the House. Ryan said R
Tower blocks housing thousands of people across England are being urgently tested to check if their cladding poses a serious fire risk following the Grenfell Tower disaster, as the government on Thursday blamed decades of neglect. Prime Minister Theresa M
Daiwa Securities Group will set up a subsidiary in Frankfurt, Japan's No. 2 brokerage said on Thursday, making it one of the first banks to publicly chose Germany to keep a foothold in the European Union after Britain leaves the bloc. The announcement, wh
US President Donald Trump admitted Thursday he did not have recordings of his private meetings with fired FBI director James Comey, after maintaining the explosive claim of secret Oval Office tapes for weeks. "With all of the recently reported electronic
French President Emmanuel Macron's government on Thursday set out a tough new anti-terrorism law that has already faced protests from civil rights groups. The proposals presented to the first meeting of a reshuffled cabinet appointed Wednesday are designe
In a diplomatic blow to Britain, the United Nations voted Thursday to ask the International Court of Justice to rule on the fate of the Chagos islands, the British-ruled Indian Ocean archipelago that hosts an important military base. The Chagos have been
German Chancellor Angela Merkel insisted Thursday that the EU's future take priority over Brexit talks as Prime Minister Theresa May met European leaders for the first time since a disastrous election gamble. Under intense pressure on all sides since losi
China's media oversight body announced Thursday that it has ordered three prominent Internet companies to terminate their video and audio streaming services. The State Administration of Press, Publication, Radio, Film and Television said in a statement th
Opposition parties Thursday picked a former parliament speaker from India's lowest Dalit caste as their presidential candidate, pitting her against the ruling party's hot favourite Ram Nath Kovind - also from the marginalised community. Following hours-lo
The Islamabad High Court (IHC) on Thursday issued notices to the secretaries of the interior and information ministries, as well as the prime minister's principal secretary over former principal information officer (PIO) Rao Tehsin Ali's petition against
The member states of Nuclear Suppliers Group (NSG) should adopt a non-discriminatory approach on the question of NSG membership for non-NPT states rather than creation of another country-specific exemption to India, said Dr Maria Sultan, Director General
General Manager Out-Reach (GMOR) Small and Medium Enterprises Development Authority (SMEDA), Javed Iqbal Khattak has said that the authority is establishing Fruit Dehydration Unit at Swat. Talking to this scribe, he said that against the world's dried fru
The Milli Yakjehti Council (MYC), an umbrella organisation of religious parties from different schools of thought, has called for the unity of Ummah to resolve unprecedented national as well as global challenges. Speaking here on Thursday at Al-Quds Confe
BR Research recently sat down with Azhar Aslam, Head of Islamic Banking at Standard Chartered (SC) Sadiq. The conversation revolved around the bank's progress in Islamic Banking and the issues being faced by the industry. We also discuss the role of digit
BR Research recently sat down with Azhar Aslam, Head of Islamic Banking at Standard Chartered (SC) Sadiq. The conversation revolved around the bank's progress in Islamic Banking and the issues being faced by the industry. We also discuss the role of digit
The Punjab Information Technology Board (PITB), Agriculture Department of Punjab and Telenor signed a contract here on Thursday to become pioneer in the use of smart technology for executing a project, 'Digital and Financial inclusion of Farmers through M
The National Accountability Bureau (NAB) Lahore on Thursday distributed cheques worth Rs 12.61 million among the affectees of Qasar-e-Zauk scam. Director General NAB Lahore Shahzad Saleem handed over 40 cheques to the affectees.
The Punjab government has decided to upgrade the 622 secondary schools to the level of higher secondary schools in the province. These schools are situated in different districts of the province. The subject of technical education will be introduced in th
Pakistan FMCG Importers Association has urged the federal Finance Minister Ishaq Dar and the Federal Board of Revenue (FBR) to bring down the Customs duties on different consumers goods as higher rates are contributing to an increased influx of smuggled i
The Syndicate of University of Veterinary and Animal Science Lahore approved Rs 3.81 billion budget for the financial year 2017-18 with focus on development, research and improving facilities for quality education and services. Chairing the 49th Syndicate
The Estate Management Private Housing Sector Directorate of Lahore Development Authority (LDA) destroyed infrastructure including boundary walls, roads and sewerage system of seven illegal private housing schemes in Tehsil Shahkot of district Nankana Sahi
The employees of Lahore Electric Supply Company (LESCO) gets furor during a speech of LESCO Chief Syed Wajid Ali Kazmi in a function organised to celebrate uninterrupted power supply to consumers during the holy month of Ramazan. The employees made a hue
Jumatul-Wida, the last Friday of the holy month of Ramazan, is being observed across the country on June 23 (today) with traditional religious zeal and fervour amid stringent security measures. Millions of fasting people across the country will offer Frid
Chief Justice of Lahore High Court Syed Mansoor Ali Shah on Thursday reserved its decision in a petition challenging the ban on media coverage at the airports. The journalists' organizations had approached the court against the ban on media coverage. The
In line with the Government of Punjab's plan to upgrade and improve the transport infrastructure bringing convenience and relief to the masses, the Punjab Masstransit Authority (PMA) is in the process of starting operations of the Integrated Public Transp
Australian Trade and Investment Commission's Senior Trade and Investment Commissioner John Madew on Thursday held a meeting with Lahore Chamber of Commerce and Industry (LCCI) office-bearers and discussed matters relating to trade and economy. Regional Bu
Prime Minister Nawaz Sharif has congratulated Mohammad Bin Salman Bin Abdulaziz Al-Saud on his appointment as the Crown Prince of Saudi Arabia. In his felicitation message, the Prime Minister expressed great confidence that under the most dynamic and visi
In order to facilitate the passengers on the eve of Eid, the Pakistan Railways will start five special trains on Friday (today) from Karachi, Quetta Rawalpindi and Multan besides attaching additional passengers' coaches with the scheduled trains throughou
Jamaat-e-Islami Punjab has resented imposition of regulatory duty on food and other items and demanded of the Federal Board of Revenue to withdraw its notification immediately. Ameer JI Punjab Mian Maqsood Ahmad said that all governments try to provide fo
Multan Chamber of Commerce and Industry (MCCI) President Khawaja Jalaluddin Roomi has urged the government to immediately settle all pending refunds claims in order to save manufacturers-cum-exporters, particularly small exporters, from suffering severe l
Makram Ali, pronounced dead at the scene of a terror attack on Muslims in London, was a "quiet, gentle" grandfather, his family said Thursday. Ali, 51, died from multiple injuries following Monday's attack, police said. Ali collapsed with a leg problem an
Hundreds of mourners turned out Thursday to pay final respects to Otto Warmbier, the US student imprisoned for more than a year by North Korea and sent back home in a coma that proved fatal. The 800-capacity auditorium at Warmbier's high school in the Cin
The UN Human Rights Council unanimously adopted a resolution Thursday condemning abuse and discrimination of women, but Washington refused to back one paragraph mentioning access to safe abortions. The strongly-worded resolution, tabled by Canada, express
A top South Korean business tycoon on Thursday in court backed prosecutors allegations that the ousted South Korean president Park Geun-Hye solicited bribes from businesses in return for policy favours. Chey Tae-Won, chairman of SK, the country's second l
Chief Officer Municipal Committee (MC) Kasur, Rai Muhammad Mansha Tahir and Chief Officer Municipal Committee Mustafabad Muhammad Afzal Zahid have been suspended with immediate effect on account of failure in removal of encroachments alongside main Kasur-
K-Electric, under its sustainability initiative, has partnered with the National Institute of Cardiovascular Diseases for the provision of free-of-cost electricity for a year to its mobile chest pain facility established in Gulshan-i-Iqbal. A ceremony was
Institute of Chartered Accountants of Pakistan (ICAP) in collaboration with the State Bank of Pakistan (SBP) hosted a public hearing on behalf of Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) on the Exposure Drafts Governa
The Punjab Emergency Service, Rescue 1122 imparted training to 290 Sub Inspectors at Police College Sihala to sensitize police for professional emergency response to the victims of emergencies and disaster. An official spokesman said that upon request of
The Punjab government has decided to introduce technical education in the schools and as a first step 39 schools have been identified to impart technical education from 8th to 10th classes. Punjab Chief Minister Muhammad Shehbaz Sharif chaired a meeting h
The Sindh Public Service Commission has notified for the information of all aspirants who had applied for the post of Additional Prosecutor General (BPS-19) in the Law Department, Government of Sindh, that their interviews are would be held from June 29 t
The Cabinet Committee of the Punjab government reviewed the mining minerals rates lying in Sarghodha, Chakwal, Jhang, Chiniot and Attock and set new rates here on Thursday. The new rates have not yet been notified. Punjab Minister for Mines and Minerals C
Chief of Army Staff (CoAS), General Qamar Javed Bajwa called on Prime Minister of Turkey, Binali Yaldarim on Thursday and discussed with him matters of regional security and other issues of bilateral interests. During the meeting, CoAS General Qamar Javed
Senior Vice President (SVP), Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi has expressed gratitude to Governor KP Iqbal Zafar Jhagra, Federal Minster for Commerce, Khurram Dastagir Khan, Corps Commander, Peshawar, Nazir Ah
Provincial Minister for Energy & Power KP, Mohammad Atif Khan has said the federal government intends to make amendments to the Regulation of Generation, Transmission and Distribution of Electric Power Act (RGTD-EPA) 1997 which will compromise neutrality