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Print - 2017-07-25
Qadir Baloch among hopefuls

Qadir Baloch among hopefuls

Retired general Abdul Qadir Baloch, the Minister for States and Frontier Regions, is among the hopefuls for the post of premiership in case Supreme Court disqualifies prime minister Nawaz Sharif for his alleged corruption and money laundering. The other c
Published 25 Jul, 2017 12:00am
Qadir Baloch among hopefuls

Qadir Baloch among hopefuls

Retired general Abdul Qadir Baloch, the Minister for States and Frontier Regions, is among the hopefuls for the post of premiership in case Supreme Court disqualifies prime minister Nawaz Sharif for his alleged corruption and money laundering. The other c
Published 25 Jul, 2017 12:00am
Nehal Hashmi's case: Pemra attracts SC's ire

Nehal Hashmi's case: Pemra attracts SC's ire

The Supreme Court on Monday expressed annoyance over dissimilarity between the transcript and the telecast version of Pakistan Muslim League-Nawaz Senator Nehal Hashmi's speech, which Attorney General for Pakistan and Pakistan Electronic Media Regulatory
Published 25 Jul, 2017 12:00am
Nehal Hashmi's case: Pemra attracts SC's ire

Nehal Hashmi's case: Pemra attracts SC's ire

The Supreme Court on Monday expressed annoyance over dissimilarity between the transcript and the telecast version of Pakistan Muslim League-Nawaz Senator Nehal Hashmi's speech, which Attorney General for Pakistan and Pakistan Electronic Media Regulatory
Published 25 Jul, 2017 12:00am
Global use of trade restrictions slows: WTO

Global use of trade restrictions slows: WTO

More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect US jobs. The WTO''
Published 25 Jul, 2017 12:00am
Global use of trade restrictions slows: WTO

Global use of trade restrictions slows: WTO

More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect US jobs. The WTO's
Published 25 Jul, 2017 12:00am
Global use of trade restrictions slows: WTO

Global use of trade restrictions slows: WTO

More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect US jobs. The WTO's
Published 25 Jul, 2017 12:00am
Financial close: PPIB grants six-month extension to two power projects

Financial close: PPIB grants six-month extension to two power projects

The Private Power Infrastructure Board (PPIB) has granted six month extension - up to December 7, 2017 - in the financial close date of two 660 MW each imported coal-fired power projects to be established by Hub Power Company (Hubco) at Hub (Balochistan),
Published 25 Jul, 2017 12:00am
Financial close: PPIB grants six-month extension to two power projects

Financial close: PPIB grants six-month extension to two power projects

The Private Power Infrastructure Board (PPIB) has granted six month extension - up to December 7, 2017 - in the financial close date of two 660 MW each imported coal-fired power projects to be established by Hub Power Company (Hubco) at Hub (Balochistan),
Published 25 Jul, 2017 12:00am
Financial close: PPIB grants six-month extension to two power projects

Financial close: PPIB grants six-month extension to two power projects

The Private Power Infrastructure Board (PPIB) has granted six month extension - up to December 7, 2017 - in the financial close date of two 660 MW each imported coal-fired power projects to be established by Hub Power Company (Hubco) at Hub (Balochistan),
Published 25 Jul, 2017 12:00am
At least 26 killed in Kabul car bomb claimed by Taliban

At least 26 killed in Kabul car bomb claimed by Taliban

At least 26 people were killed and 41 wounded Monday after a Taliban-claimed car bomb struck a bus carrying government employees through a Shia neighbourhood in Kabul, raising fears of sectarian violence in the Afghan capital. The assault came as a presid
Published 25 Jul, 2017 12:00am
At least 26 killed in Kabul car bomb claimed by Taliban

At least 26 killed in Kabul car bomb claimed by Taliban

At least 26 people were killed and 41 wounded Monday after a Taliban-claimed car bomb struck a bus carrying government employees through a Shia neighbourhood in Kabul, raising fears of sectarian violence in the Afghan capital. The assault came as a presid
Published 25 Jul, 2017 12:00am
General John, CoAS discuss regional situation

General John, CoAS discuss regional situation

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has raised concerns over the blame game perpetrated by some quarters in Afghanistan and USA to undermine Pakistan's contributions towards war on terror. The Army Chief expressed these views during his
Published 25 Jul, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 24, 2017).

Published 25 Jul, 2017 12:00am
General John, CoAS discuss regional situation

General John, CoAS discuss regional situation

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has raised concerns over the blame game perpetrated by some quarters in Afghanistan and USA to undermine Pakistan's contributions towards war on terror. The Army Chief expressed these views during his
Published 25 Jul, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 24, 2017).
Published 25 Jul, 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 Monday (July 24, 2017).

Published 25 Jul, 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 Monday (July 24, 2017).

Published 25 Jul, 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 Monday (July 24, 2017).

Published 25 Jul, 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 25 Jul, 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 25 Jul, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jul, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jul, 2017 12:00am
Asian naphtha crack jumps at nine-week high

Asian naphtha crack jumps at nine-week high

Asia's naphtha crack jumped 11.3 percent to a nine-week high of $66.65 a tonne on Friday, supported by an unexpected strength in gasoline but spot prices of the petrochemical feedstock remained at discounts. South Korea's Lotte Chem has snapped up naphtha
Published 25 Jul, 2017 12:00am
European gasoline margins little changed

European gasoline margins little changed

Gasoline refining margins in northwest Europe were little changed on Friday, holding near a one-month high of $13.70 a barrel, boosted by lower Atlantic basin stocks. High profit margins and a surge in exports will keep Europe's refineries running full ti
Published 25 Jul, 2017 12:00am
US FOB Gulf soyabean offers higher

US FOB Gulf soyabean offers higher

Export premiums for soyabeans shipped from the US Gulf Coast were steady to higher on Friday, tracking gains both in prices in the barge market and in values for soya shipments out of South America, traders said. Limited loading capacity during August and
Published 25 Jul, 2017 12:00am
China's June coal imports rise from Mongolia, Russia

China's June coal imports rise from Mongolia, Russia

China's coal imports from Mongolia and Russia rose in June as utilities and steel mills sought out less expensive raw materials even as the government tried to curb purchases of foreign fuel. Coal-fired power demand rose last month during a prolonged heat
Published 25 Jul, 2017 12:00am
US natural gas futures fall on milder weather

US natural gas futures fall on milder weather

US natural gas futures fell to their lowest in a week on Friday on forecasts for milder weather that is expected to reduce cooling demand in August and a slow but steady rise in production. Front-month gas futures fell 7.3 cents, or 2.4 percent, to settle
Published 25 Jul, 2017 12:00am
Russian wheat prices mixed on quality concerns

Russian wheat prices mixed on quality concerns

Russian wheat export prices were mixed last week after nine straight weeks of growth due to concerns over a lack of high quality wheat and strengthening competition with France for wheat supplies to Egypt. Black Sea prices for Russian wheat with 12.5 perc
Published 25 Jul, 2017 12:00am
Cotton prices rise on short supply
Cotton

Cotton prices rise on short supply

Prices went up on the cotton market on Monday in process of sizeable activity, dealers said. The official spot rate was up by Rs 50 to Rs 6350, they said. In the ready session around 4000 bales of cotton changed hands between Rs 6350-6500, they said. In S
Published 25 Jul, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,887. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.840 billion and the number of lots traded was 10,695. Major business was contributed by gol
Published 25 Jul, 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 was mostly firmer on Friday, underpinned by a stronger ringgit which makes palm oil more expensive for foreign buyers. Asking prices for palm oil were mostly between unchanged and $5 a tonne up from Thursday
Published 25 Jul, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slid on Friday, pressured by profit-taking and strength in the Canadian dollar. Recent showers have aided the Western Canadian canola crop, a trader said. Alberta crop condition ratings fell in the last week, the provincial gov
Published 25 Jul, 2017 12:00am
Ivory Coast cocoa farmers concerned about overcast weather

Ivory Coast cocoa farmers concerned about overcast weather

Light rains and cool, overcast weather last week in most of Ivory Coast's cocoa-growing regions raised concerns about the forthcoming October-to-March main crop, farmers said on Monday. Flowers and cherelles need strong sunny spells at this crucial period
Published 25 Jul, 2017 12:00am
US corn futures fall

US corn futures fall

US corn futures fell 2.8 percent on Friday as forecasts for some rain in the US Midwest were expected to provide much-needed relief to a parched crop next week, traders said. Some end of week profit taking weighed on the market. Losses accelerated when th
Published 25 Jul, 2017 12:00am
Russia is the biggest crude oil supplier to China

Russia is the biggest crude oil supplier to China

Russia was China's biggest crude oil supplier for a fourth straight month in June, its longest streak ever in the top spot, data from the General Administration of Customs showed on Monday. China's total crude oil imports reached 36.11 million tonnes in J
Published 25 Jul, 2017 12:00am
EU wheat prices flat after falling to three-week low

EU wheat prices flat after falling to three-week low

European wheat prices took a breather on Friday after falling to a three-week low in the previous session and were on track to post a 2 percent weekly loss as export prospects were overshadowed by a surge in the euro. Benchmark December milling wheat on P
Published 25 Jul, 2017 12:00am
Saudi Arabia buys 900,000 tonnes of barley

Saudi Arabia buys 900,000 tonnes of barley

Saudi Arabia's main state grain buying agency, the Saudi Grains Organisation (SAGO), said on Monday it has purchased 900,000 tonnes of animal feed barley in an international tender, well below the 1.5 million tonnes it had sought. "With market pricing inc
Published 25 Jul, 2017 12:00am
Activities at Karachi & Qasim Ports

Activities at Karachi & Qasim Ports

The Karachi Port handled 368,750 tonnes of cargo comprising 311,980 tonnes of import cargo and 56,770 tonnes of export cargo including 6,491 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 311
Published 25 Jul, 2017 12:00am
From rented jeans to reused cooking oil, businesses are going 'circular'

From rented jeans to reused cooking oil, businesses are going 'circular'

From recycled paint to rented jeans, businesses large and small are looking at ways to cut waste, use fewer resources and help create what has been coined a "circular economy" in which raw materials and products are repeatedly reused. Unilever, Renault, G
Published 25 Jul, 2017 12:00am
Ryanair talk of late summer fare cuts chills sector

Ryanair talk of late summer fare cuts chills sector

Ryanair warned rivals on Monday that it may cut its fares in late summer by as much as 9 percent from last year, triggering a share sell-off by investors concerned about the impact on profitability. Ryanair also confirmed it was among the bidders for Alit
Published 25 Jul, 2017 12:00am
Ryanair talk of late summer fare cuts chills sector

Ryanair talk of late summer fare cuts chills sector

Ryanair warned rivals on Monday that it may cut its fares in late summer by as much as 9 percent from last year, triggering a share sell-off by investors concerned about the impact on profitability. Ryanair also confirmed it was among the bidders for Alit
Published 25 Jul, 2017 12:00am
South Africa needs structural reform to grow economy: OECD

South Africa needs structural reform to grow economy: OECD

South Africa needs structural reforms to shore up the economy as there is little room for monetary and fiscal stimulus, the Organisation for Economic Cooperation and Development (OECD) reported on Monday. Africa's most industrialised economy slid into rec
Published 25 Jul, 2017 12:00am
Volkswagen aided Brazil dictatorship's repression: historian

Volkswagen aided Brazil dictatorship's repression: historian

German car giant Volkswagen aided Brazil's 1964-85 military government in identifying and persecuting political dissenters among its workforce in the country, a historian commissioned by the group said Monday. "I can say that there was a regular cooperati
Published 25 Jul, 2017 12:00am
KKR to buy WebMD in $2.8 billion deal

KKR to buy WebMD in $2.8 billion deal

Private equity firm KKR & Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella. The deal comes five months after New York-based WebMD said it would
Published 25 Jul, 2017 12:00am
KKR to buy WebMD in $2.8 billion deal

KKR to buy WebMD in $2.8 billion deal

Private equity firm KKR & Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella. The deal comes five months after New York-based WebMD said it would
Published 25 Jul, 2017 12:00am
Eurozone business growth slows at start of second half

Eurozone business growth slows at start of second half

A slowdown in eurozone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, could put paid to expectations of a stimulus clawback by the European Central Bank later this year. Years of
Published 25 Jul, 2017 12:00am
Philips upbeat after US business rebounds

Philips upbeat after US business rebounds

Dutch health technology company Philips said it expects sales growth to accelerate over the remainder of the year after US orders jumped 9 percent in the second quarter. Improving business in the group's biggest market, on top of a 15 percent rise in seco
Published 25 Jul, 2017 12:00am
Philips upbeat after US business rebounds

Philips upbeat after US business rebounds

Dutch health technology company Philips said it expects sales growth to accelerate over the remainder of the year after US orders jumped 9 percent in the second quarter. Improving business in the group's biggest market, on top of a 15 percent rise in seco
Published 25 Jul, 2017 12:00am
US home sales stumble as prices hit record high

US home sales stumble as prices hit record high

US home resales fell more than expected in June as a dearth of properties amid strong demand pushed prices to a record high, keeping first-time buyers on the sidelines. The housing market has experienced an acute shortage of homes for sale for about two y
Published 25 Jul, 2017 12:00am
India's NSE breaks 10,000 mark first time ever

India's NSE breaks 10,000 mark first time ever

India's NSE index ended at a record closing high on Monday, coming within striking distance of breaching the 10,000 mark for the first time ever, as Reliance Industries Ltd and HDFC Bank gained after their recent earnings. The broader NSE index ended up 0
Published 25 Jul, 2017 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks fell Monday, tracking losses on Wall Street, with a strong yen dragging on exporters, while investors awaited key corporate earnings. The dollar suffered fresh losses at the start of the week on lower expectations for underfire Donald Trump's
Published 25 Jul, 2017 12:00am
Sri Lankan shares tumble

Sri Lankan shares tumble

Sri Lankan shares fell for the sixth straight session on Monday to post a near six-week closing low, but brokers said the slide is slowing down. The Colombo stock index fell just 0.08 percent to 6,664.12, but it marked the lowest close since June 13, and
Published 25 Jul, 2017 12:00am
Southeast Asian stocks wary as Trump woes hurt risk appetite

Southeast Asian stocks wary as Trump woes hurt risk appetite

Southeast Asian stock markets, except Indonesia, were cautious on Monday as political uncertainties surrounding US President Donald Trump's administration dulled appetite for risk assets and weighed on the dollar. The Trump administration, already dogged
Published 25 Jul, 2017 12:00am
Australian shares fall; New Zealand edges up

Australian shares fall; New Zealand edges up

Australian shares slid on Monday due to weak commodity prices and a sell-off in bank stocks that at one point took the benchmark index to its lowest level in more than six weeks. At the close of trade, the S&P/ASX 200 index was down 34.74 points, or 0.6 p
Published 25 Jul, 2017 12:00am
China blue chips near 18 months high
Mutual Funds

China blue chips near 18 months high

China's blue-chip index hovered near 18-month highs on Monday, as institutional investors stepped up their buying into industry leading big caps, but small-cap shares continued to languish as their earnings disappointed. The mood was also aided by views t
Published 25 Jul, 2017 12:00am
European stocks hit by autos inquiry, airlines price war fears

European stocks hit by autos inquiry, airlines price war fears

European shares dipped on Monday with automakers hitting their lowest level this year after anti-trust regulators opened an investigation, while price war worries hurt airlines. The pan-European STOXX 600 fell 0.2 percent as gains in heavyweight financial
Published 25 Jul, 2017 12:00am
Hong Kong shares at two years high

Hong Kong shares at two years high

Hong Kong shares rose to two-year highs on Monday, resuming their rally after a brief pause last week, helped by consumer and technology stocks. Hong Kong's benchmark Hang Seng Index ended 0.5 percent, or 140.74 points, higher at 26,846.83, while the Hang
Published 25 Jul, 2017 12:00am
Peripheral eurozone bonds in demand as flash PMI dips

Peripheral eurozone bonds in demand as flash PMI dips

Bond yields in Italy and Portugal hit their lowest levels in around a month on Monday, leading a dip in eurozone borrowing costs as signs of slowing growth in business activity reaffirmed a view that any unwinding of ECB stimulus is likely to be slow. In
Published 25 Jul, 2017 12:00am
Peripheral eurozone bonds in demand as flash PMI dips

Peripheral eurozone bonds in demand as flash PMI dips

Bond yields in Italy and Portugal hit their lowest levels in around a month on Monday, leading a dip in eurozone borrowing costs as signs of slowing growth in business activity reaffirmed a view that any unwinding of ECB stimulus is likely to be slow. In
Published 25 Jul, 2017 12:00am
Reckitt, airlines rattle FTSE; mid caps down

Reckitt, airlines rattle FTSE; mid caps down

Britain's top share index fell on Monday as heavyweight Reckitt Benckiser dropped following its results and as airlines were hit by price war worries. Britain's blue-chip FTSE 100 index ended down 1 percent at 7,377.7 points. Consumer goods company Reckit
Published 25 Jul, 2017 12:00am
Sri Lanka rupee edges up

Sri Lanka rupee edges up

The Sri Lankan rupee ended firmer on Monday as dollar selling by exporters and banks outpaced demand for the US currency from importers, but dollar purchases by state-owned banks weighed on the currency, dealers said. The spot rupee, which rose as high as
Published 25 Jul, 2017 12:00am
Dollar index near 13 months low in Asia

Dollar index near 13 months low in Asia

The dollar struggled near a 13-month low against a basket of major currencies on Monday as US political turmoil dampened hopes for quick passage of President Donald Trump's stimulus and tax reform agendas and the euro extended gains. The Trump administrat
Published 25 Jul, 2017 12:00am
Early trade in New York: dollar bounces off 13 months low

Early trade in New York: dollar bounces off 13 months low

The dollar edged up from its lowest level in more than a year on Monday, assisted by stronger-than-expected readings on the US economy, as investors continued to watch developments on US President Donald Trump's inner circle's possible ties to Russia. The
Published 25 Jul, 2017 12:00am
Euro settles near two years high in Europe; outlook bullish

Euro settles near two years high in Europe; outlook bullish

The euro rose to a 23-month high against the dollar on Monday as investors remained bullish after latest business growth data for July pointed to only a mild slowdown, suggesting the euro-zone economy was still growing at a relatively strong clip. IHS Mar
Published 25 Jul, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Monday. 80.64-80.64 (previous 80.64-80.64).
Published 25 Jul, 2017 12:00am
China's yuan moves up
Exchange

China's yuan moves up

China's yuan firmed against the US dollar on Monday, buoyed by a stronger central bank guidance, but traders said further gains were likely to be restrained by corporate dollar demand this week. Prior to market opening, the People's Bank of China set the
Published 25 Jul, 2017 12:00am
Most Asian currencies gain

Most Asian currencies gain

Most Asian currencies edged higher on Monday, supported by the dollar's struggles near a 13-month low against a basket of major rivals as continuing disarray at the White House dampened hopes for quick passage of President Donald Trump's stimulus and tax
Published 25 Jul, 2017 12:00am
Sterling recovers after worst week against euro in nine months

Sterling recovers after worst week against euro in nine months

Sterling recovered from its worst week against the euro in nine months on Monday as investors took profit on gains for the single currency and ministers talked up a transitional deal to smooth Britain's exit from the European Union.
Published 25 Jul, 2017 12:00am
Aussie, kiwi near multi-month peaks

Aussie, kiwi near multi-month peaks

The Australian dollar stood near two-year highs on Monday while its New Zealand counterpart was within kissing distance of an almost 11-month peak against an unloved greenback. The Australian dollar was up 0.1 percent at $0.7919, not far from Thursday's p
Published 25 Jul, 2017 12:00am
Inter beat Lyon in preseason friendly

Inter beat Lyon in preseason friendly

A bumpy pitch and hot weather took the shine off Inter Milan's 1-0 victory over Lyon Monday in a pre-season friendly held in China. The match at Nanjing Olympic Sports Centre - home of Chinese Super League's Jiangsu Suning - saw both sides struggle with t
Published 25 Jul, 2017 12:00am
Ancelotti rules out Vidal move but Sanches could go

Ancelotti rules out Vidal move but Sanches could go

Bayern Munich coach Carlo Ancelotti said Monday there was "no way" that Arturo Vidal would leave the club but admitted that Renato Sanches could be on his way. Manchester United are rumoured to be chasing both midfielders but Ancelotti ruled out any move
Published 25 Jul, 2017 12:00am
Japan marks three years to Tokyo 2020 as issues linger

Japan marks three years to Tokyo 2020 as issues linger

Japan Monday marked three years before the 2020 Tokyo Olympics with celebrations and fanfare - even as organisers struggle to contain soaring costs and restore credibility. Japanese celebrities and athletes dressed in bright kimonos gathered for the launc
Published 25 Jul, 2017 12:00am