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Nov 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-12-19
Cotton market: tight supplies help rates to keep present levels
Cotton

Cotton market: tight supplies help rates to keep present levels

Tight supplies helped prices to maintain present levels on the cotton market on Monday in the process of trading, dealers said. The official spot rate was unchanged at Rs 7000, they said. In ready session, around 20,000 bales of cotton changed hands betwe
Published 19 Dec, 2017 12:00am
US Midwest soya bids firm

US Midwest soya bids firm

Spot soyabean basis bids at elevators, processors and river markets in the US Midwest were steady to higher on Friday, underpinned by light farmer sales that spurred demand, dealers said. Adequate near-term supplies resulted in flat to weaker corn bids at
Published 19 Dec, 2017 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures edged higher on Friday, halting a seven-session skid on support from a weakening Canadian dollar. Canola's slide began with a December 6 Statistics Canada reports that showed a much larger Canadian canola harvest than expected.
Published 19 Dec, 2017 12:00am
CBOT wheat slightly higher

CBOT wheat slightly higher

Chicago Board of Trade soft red winter wheat futures edged higher on Friday, supported by surprising signs of overseas demand for US supplies. MGEX spring wheat also firmed, with support for the March contract seen at the 10-day moving average. MGEX gains
Published 19 Dec, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,105. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.562 billion and the number of lots traded was 5,852.
Published 19 Dec, 2017 12:00am
Tunisia buys soft wheat, durum, feed barley in tender

Tunisia buys soft wheat, durum, feed barley in tender

Tunisia's state grains agency purchased about 100,000 tonnes of soft milling wheat, 50,000 tonnes of durum wheat and 50,000 tonnes of feed barley in an international tender which closed on Friday, European traders said. The grains can all be sourced from
Published 19 Dec, 2017 12:00am
CBOT soyabean futures firm on strong export demand

CBOT soyabean futures firm on strong export demand

Chicago Board of Trade soyameal futures closed firm on Friday due to strong export demand. Gains were limited by abundant supplies following a bumper US harvest and easing concerns about weather limiting production in Argentina.
Published 19 Dec, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Cash spot basis bids for hard red winter (HRW) wheat on Friday in the southern US Plains were unchanged, a day after increased demand slightly raised some protein premiums, merchants said. A few flour millers in parts of the Plains might need grain as sup
Published 19 Dec, 2017 12:00am
US natural gas futures fall to nine-month low

US natural gas futures fall to nine-month low

US natural gas futures fell to a nine-month low on Friday on forecasts for less heating demand next week and later in December than previously expected. Prices have been trending toward new lows for most of December on moderating winter weather forecasts,
Published 19 Dec, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 254,480 tonnes of cargo comprising 158,320 tonnes of import cargo and 96,160 tonnes of export cargo including 4,235 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 158
Published 19 Dec, 2017 12:00am
CBOT corn futures drop to contract lows

CBOT corn futures drop to contract lows

Chicago Board of Trade corn futures closed lower on Friday, with early rally attempts beaten back by technical selling. The benchmark Chicago Board of Trade March corn futures contract turned lower after failing to hold support above its 10-day moving ave
Published 19 Dec, 2017 12:00am
Argentine drought to reduce soya planting area
Exchange

Argentine drought to reduce soya planting area

A drought that has blighted Argentina's Pampas farm belt since November could provoke a cut in estimated 2017/18 soyabean planting area, the Buenos Aires Grains Exchange said on Thursday. The exchange's soya area estimate is 18.1 million hectares, 1.1 mil
Published 19 Dec, 2017 12:00am
China boosts coal output in November

China boosts coal output in November

China's coal output in November hit its highest since June at 299.98 million tonnes, data showed on Thursday, boosted by firm demand from coal-fired power plants as the country's heating season kicked off in the middle of the month. Analysts expect coal d
Published 19 Dec, 2017 12:00am
Saudi budget deficit narrows

Saudi budget deficit narrows

Saudi Arabia appears set to post a lower-than-expected budget deficit this year as oil revenues rebounded and the kingdom kept public spending in check, official figures showed Monday. Faced by a persistent budget shortfall, the world's largest oil export
Published 19 Dec, 2017 12:00am
Smaller cities drive China's new home prices in November, defying curbs

Smaller cities drive China's new home prices in November, defying curbs

Growth in China's new home prices sustained its momentum in November, with increases seen in provincial centres and smaller cities in a sign policymakers may need to step up curbs to rein in speculation in the property market. China's housing market boom
Published 19 Dec, 2017 12:00am
Central Africa settles backdated pay, debts

Central Africa settles backdated pay, debts

The Central African Republic's embattled president has ordered the disbursement of two months' backpay to state workers, local media reported. President Faustin-Archange Touadera instructed the payment - for unpaid salary dating to November and December 2
Published 19 Dec, 2017 12:00am
One large eurozone bank is short of capital: ECB

One large eurozone bank is short of capital: ECB

One eurozone bank is falling short of the European Central Bank's capital requirements, the ECB said on Monday, meaning it may be asked to curb bonuses, dividends and coupons. The ECB did not name the bank in its annual review of the 119 lenders on its wa
Published 19 Dec, 2017 12:00am
North Korean incomes improving but far below South: Seoul

North Korean incomes improving but far below South: Seoul

North Koreans enjoyed the fastest improvement in their incomes for five years in 2016, Seoul's statistics agency has said - but Southerners are still more than 20 times better off. Per capita incomes averaged 1.46 million won ($1,340) in the North last ye
Published 19 Dec, 2017 12:00am
ANZ completes Shanghai bank sale

ANZ completes Shanghai bank sale

ANZ Bank completed the sale of its stake in Shanghai Rural Commercial Bank Monday and announced plans for a Aus$1.5 billion (US$1.15 billion) share buyback with the funds. The lender agreed to offload its 20 percent holding in the company earlier this yea
Published 19 Dec, 2017 12:00am
France sues Amazon over marketplace rules

France sues Amazon over marketplace rules

The French finance ministry said Monday it has brought a court case against Amazon for abuse of its dominant position on marketplace, the retail giant's third-party vendor platform. The ministry said there is "a significant imbalance" in business relation
Published 19 Dec, 2017 12:00am
EU agrees new five-year mandate for German chair of bank watchdog SRB

EU agrees new five-year mandate for German chair of bank watchdog SRB

The European Union agreed on Monday to renew the mandate of Elke Koenig, the German head of the European Union's body in charge of disposing of failing banks, for another five years. Koenig, who has chaired the Single Resolution Board (SRB) since its crea
Published 19 Dec, 2017 12:00am
Saudi cement shares surge on eve of 2018 state budget

Saudi cement shares surge on eve of 2018 state budget

Saudi Arabia's stock market surged on Monday as cement firms climbed before the release of the government's 2018 budget, which is expected to include an increase in infrastructure spending. The Saudi stock index surged 1.4 percent in active trade. Five of
Published 19 Dec, 2017 12:00am
Nikkei rises on financials and exporters

Nikkei rises on financials and exporters

Japanese stocks scored their biggest rise in over a month on Monday with financials and exporters in hot demand, while construction shares bounced after sliding on news that prosecutors had raided the headquarters of at least two builders for alleged anti
Published 19 Dec, 2017 12:00am
Shanghai stocks ease after Central Bank raises market rates
Exchange

Shanghai stocks ease after Central Bank raises market rates

China's main Shanghai stock market slipped slightly on Monday morning, amid concerns over tight year-end liquidity after the central bank lifted interbank market rates. The People's Bank of China raised interest rates on reverse repurchase agreements, or
Published 19 Dec, 2017 12:00am
Record highs on Wall Street, driven by tax bill hopes, M&A flurry

Record highs on Wall Street, driven by tax bill hopes, M&A flurry

The major US stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and buoyed by about $11 billion in corporate dealmaking. More US Republicans Senators on Sunday said they expec
Published 19 Dec, 2017 12:00am
Hong Kong stocks up as sentiment buoyed by US tax reform
Exchange

Hong Kong stocks up as sentiment buoyed by US tax reform

Hong Kong's main Hang Seng index ended Monday firmer while China's H-shares index also closed higher, with sentiment in Asia boosted by expectations US lawmakers will pass a long-awaited tax bill. At close of trade, the Hang Seng index was up 202.30 point
Published 19 Dec, 2017 12:00am
Indian shares end higher

Indian shares end higher

Indian shares reversed earlier losses to end higher on Monday as Prime Minister Narendra Modi's party appeared to win elections in his home state of Gujarat for a sixth term as counting of votes progressed. The BSE index rose 0.41 percent to 33,601.68, wh
Published 19 Dec, 2017 12:00am
Sri Lankan stocks hit over eight-month closing low

Sri Lankan stocks hit over eight-month closing low

Sri Lankan shares fell for a second straight session on Monday to hit their lowest close in more than eight months as investors offloaded plantation and telecom stocks. The Colombo Stock Index ended 0.09 percent weaker at 6,346.70, its lowest close since
Published 19 Dec, 2017 12:00am
Dealmaking nudges European shares near six-week high

Dealmaking nudges European shares near six-week high

European shares rose on Monday, buoyed by a flurry of year-end M&A and expectations that a US bill lowering corporate taxes could soon pass. Thales rose 7.6 percent after the French aerospace and defence company agreed to buy chipmaker Gemalto for 4.8 bil
Published 19 Dec, 2017 12:00am
TSX jumps, led by banks, energy stocks, Valeant
Exchange

TSX jumps, led by banks, energy stocks, Valeant

Canada's main stock index gained in a broad rally in early trade on Monday, led by big banks and energy companies as well as Valeant Pharmaceuticals International Inc, which said it was bringing an eye treatment to market.
Published 19 Dec, 2017 12:00am
Australia shares climb, New Zealand down

Australia shares climb, New Zealand down

Australian shares finished higher on Monday, with broad-based gains driven by stronger commodity prices, financials stocks and optimism around US tax reform. Top US Republicans said on Sunday they expected Congress to pass a tax code overhaul this week, w
Published 19 Dec, 2017 12:00am
Britain's FTSE lifted by global optimism on US tax bill
Currency

Britain's FTSE lifted by global optimism on US tax bill

UK shares rose on Monday alongside European peers as a global wave of optimism on US tax lifted stocks markets in Asia and led the MSCI all-country world index to a new record high. The FTSE 100 was up 0.6 percent, even as a rising pound weighed on the in
Published 19 Dec, 2017 12:00am
China's yuan eases on weaker fixing, stable dollar
Exchange

China's yuan eases on weaker fixing, stable dollar

China's yuan eased slightly against the US dollar on Monday, dragged lower by a weaker official midpoint and stability in the greenback on optimism over the progress of US tax reform. The dollar held modest gains against its major peers on Monday morning,
Published 19 Dec, 2017 12:00am
Dollar firm in Asia
Currency

Dollar firm in Asia

The dollar held modest gains against the euro and yen on Monday, having received a lift after US tax reform efforts moved another step closer to ratification over the weekend. The US currency had edged higher after Republicans on the House-Senate negotiat
Published 19 Dec, 2017 12:00am
Dollar falls in Europe
Currency

Dollar falls in Europe

The dollar dipped against a basket of major currencies on Monday amid doubt whether a proposed US tax reform programme would have a major impact on economic growth, after the bill moved another step closer to ratification over the weekend. The US currency
Published 19 Dec, 2017 12:00am
Dollar under pressure on US tax reform concerns
Currency

Dollar under pressure on US tax reform concerns

The dollar fell against a basket of major currencies on Monday, as concerns grew on whether a proposed US tax reform program would have a major impact on economic growth, after the bill moved another step closer to passage over the weekend. The US currenc
Published 19 Dec, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 82.65-82.65 (Previous 82.60-82.60).
Published 19 Dec, 2017 12:00am
Sri Lankan rupee ends largely flat
Currency

Sri Lankan rupee ends largely flat

The Sri Lankan rupee closed little changed on Monday as importer dollar demand offset selling of the US currency by exporters, dealers said. The spot rupee ended at 153.10/15 per dollar, compared with Friday's close of 153.12/20.
Published 19 Dec, 2017 12:00am
ASIA FX Asian currencies slip

ASIA FX Asian currencies slip

The Indian rupee pared nearly all of its sharp losses early on Monday, as it became clear that Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) would comfortably win an election in his home state of Gujarat. Other emerging Asian currencies slip
Published 19 Dec, 2017 12:00am
Canadian dollar near flat
Currency

Canadian dollar near flat

The Canadian dollar was little changed against its US counterpart on Monday, with the loonie trading in a narrow range ahead of domestic data later in the week that could help guide expectations for the interest rate outlook. At 9:21 am ET (1421 GMT), the
Published 19 Dec, 2017 12:00am
Sterling snaps two-week losing streak
Currency

Sterling snaps two-week losing streak

Sterling rose on Monday, breaking a two-week losing streak as traders capitalised on the dollar's broad weakness to add positions after the European Union gave the green light to move Brexit talks to the next stage on Friday. With major currency pairs hem
Published 19 Dec, 2017 12:00am
Aussie near six-week high, KIWI rises

Aussie near six-week high, KIWI rises

The Australian dollar rose on Monday to edge towards a six-week high after the country's government predicted its budget deficit would shrink faster than previously expected, while the New Zealand dollar hovered near a 2-month peak. The Australian dollar
Published 19 Dec, 2017 12:00am
Root defends veterans Cook and Broad after Ashes loss

Root defends veterans Cook and Broad after Ashes loss

England captain Joe Root defended his underperforming senior players after his team meekly handed back the Ashes to Australia in Perth on Monday. Victory by an innings and 41 runs gave Australia an unassailable 3-0 lead in the series, but Root said the En
Published 19 Dec, 2017 12:00am
Seventh Indus Water Cross Jeep Race-2017 to start from December 23

Seventh Indus Water Cross Jeep Race-2017 to start from December 23

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) and the Frontier 4x4 Club are jointly organising the 7th Indus Water Cross Challenge Jeep Race-2017 at Indus River near Swabi Interchange on Motorway M-1 point from December 23-24.
Published 19 Dec, 2017 12:00am
Smith praises bold selectors after Ashes win

Smith praises bold selectors after Ashes win

Australian captain Steve Smith has paid tribute to some bold selections after his team regained the Ashes in Perth on Monday. The home team took an unbeatable 3-0 lead in the series with an innings victory over the English at the WACA Ground, despite rain
Published 19 Dec, 2017 12:00am
'Exceptional' Australia claim Ashes as Smith seeks whitewash

'Exceptional' Australia claim Ashes as Smith seeks whitewash

Steve Smith praised his "exceptional" team as Australia reclaimed the Ashes with an innings win over England in the third Test in Perth on Monday, and set his sights on a series whitewash. Australia dismissed England for 218 in their second innings after
Published 19 Dec, 2017 12:00am
ZTBL wins 'BoP Polo Tournament 2017'

ZTBL wins 'BoP Polo Tournament 2017'

Zarai Taraqiati Bank Limited (ZTBL) outpaced Master Paints by 8-51/2 in the main final to clinch the Bank of Punjab (BoP) Polo Tournament 2017 trophy here at the Lahore Polo Club (LPC) ground. Saqib Khan Khakwani emerged as top scorer from ZTBL with his s
Published 19 Dec, 2017 12:00am
KP Hockey Association shortlists 30 probable for camp

KP Hockey Association shortlists 30 probable for camp

Khyber Pakhtunkhwa Hockey Association Monday short-listed the names of the 30 probable out of 150 turned up from all districts across KP for the day long trials in connection with the forthcoming Quaid-e-Azam Games to be scheduled from December 25 at Isla
Published 19 Dec, 2017 12:00am
Samba Bank Lahore Open Polo Championship 2017 begins today

Samba Bank Lahore Open Polo Championship 2017 begins today

The 'Samba Bank Lahore Open Polo Championship 2017' will stroll into action here at the Lahore Polo Club (LPC) ground on Tuesday (today) with top national and international polo players featuring in this eight-goal event. Top nine teams have been taking p
Published 19 Dec, 2017 12:00am
Farah shock winner of BBC award

Farah shock winner of BBC award

Britain's four-time Olympic gold medallist Mo Farah was named BBC sports personality of the year for the first time on Sunday, edging out motorcycling champion Jonathan Rea to the award. Farah, 34, successfully defended his 10,000-metre title at the World
Published 19 Dec, 2017 12:00am
West Ham's Lanzini charged over diving

West Ham's Lanzini charged over diving

West Ham's Manuel Lanzini has been charged over diving to win a penalty against Stoke City, the second Premier League player to be targeted under new rules aimed at stamping out cheating. The 24-year-old Argentine went down when challenged by Erik Pieters
Published 19 Dec, 2017 12:00am
Myanmar 'planned' Rohingya attacks, possibly 'genocide': UN rights chief

Myanmar 'planned' Rohingya attacks, possibly 'genocide': UN rights chief

The UN rights chief told AFP Monday that Myanmar clearly "planned" violent attacks on its Rohingya minority, causing a mass-exodus, and warned the crackdown could possibly amount to "genocide". "For us, it was clear... that these operations were organised
Published 19 Dec, 2017 12:00am
At least eight killed in Indonesia landslide

At least eight killed in Indonesia landslide

Eight miners were killed and at least three more were missing following a landslide Monday on the slopes of a volcano on the Indonesian island of Java, officials said. An avalanche of sand and rock cascaded down the slopes of Mount Merapi in Central Java
Published 19 Dec, 2017 12:00am
'Multiple' fatalities as train derails onto highway in Washington

'Multiple' fatalities as train derails onto highway in Washington

"Multiple" people were killed early Monday when an Amtrak passenger train derailed in Washington state near the city of Tacoma, sending cars flying off a bridge and onto a busy interstate, officials said. Pictures from the scene showed one train car overt
Published 19 Dec, 2017 12:00am
Assad and Kurds trade accusations
Exchange

Assad and Kurds trade accusations

Syrian President Bashar al-Assad on Monday called US-backed Kurdish fighters "traitors", sparking an exchange of insults with a force that controls more than a quarter of the country. "When we talk about those referred to as 'the Kurds', they are in fact
Published 19 Dec, 2017 12:00am
Three people killed in US plane crash

Three people killed in US plane crash

Three people died when a small plane crashed in the US state of Indiana, police said on Sunday. The single-engine Cessna went down and caught fire behind a home in a heavily-wooded area of the Midwestern state at about 9:10 pm (0210 GMT) local time on Sat
Published 19 Dec, 2017 12:00am
Afghan president forces out powerful 'King of the North'

Afghan president forces out powerful 'King of the North'

Afghanistan President Ashraf Ghani Monday announced the resignation of a powerful politician nicknamed "King of the North", sidelining a rival but angering the politician's party who said he had been sacked. Atta Mohammad Noor, 54, had been governor of Ba
Published 19 Dec, 2017 12:00am
Chile swings back to right as billionaire returns to power

Chile swings back to right as billionaire returns to power

Chile's political landscape once again swung back from left to right, after billionaire businessman Sebastian Pinera beat an independent backed by outgoing center-leftist President Michelle Bachelet. The latest swing of the political pendulum came as Pine
Published 19 Dec, 2017 12:00am
Finnish news report revealing state secrets sparks concern

Finnish news report revealing state secrets sparks concern

A Finnish news report uncovering top secret information detailing surveillance of Russian troops sparked a heated debate Monday about national security and concerns for press freedom. The Finnish Defence Forces and the National Bureau of Investigation lau
Published 19 Dec, 2017 12:00am
Demos as Austrian far right sworn into new government

Demos as Austrian far right sworn into new government

With a heavy police presence keeping thousands of protestors at bay, Austria's far right was sworn in Monday as part of the new government, rounding off a triumphant year for Europe's nationalists. The coalition between the conservative People's Party (Oe
Published 19 Dec, 2017 12:00am
Fire and collapse in Mumbai shop kills 12

Fire and collapse in Mumbai shop kills 12

Fire tore through a sweet shop in the Indian city of Mumbai before dawn Monday, sparking a building collapse which killed 12 sleeping workers, authorities said. Four others were injured but some saved their lives by scrambling out seconds before the colla
Published 19 Dec, 2017 12:00am
Founder of Russia's top rights group dies

Founder of Russia's top rights group dies

Arseny Roginsky, a prominent Soviet-era dissident who was a key founder of Russia's most prominent rights group Memorial, has died aged 71, the organisation said Monday. Registered in 1992, Memorial is one of Russia's most respected human rights organisat
Published 19 Dec, 2017 12:00am
Russia announces pullout of military monitors from Ukraine's east

Russia announces pullout of military monitors from Ukraine's east

Moscow announced Monday it would pull its officers from a joint Russia-Ukraine centre tasked with monitoring the implementation of a brittle ceasefire as Kiev slammed the "unprecedented" move as a provocation. The latest spike in tensions came as Kiev sai
Published 19 Dec, 2017 12:00am
Russia trolls try to sow UK discord amid attacks

Russia trolls try to sow UK discord amid attacks

Russian-linked fake social media accounts have systematically attempted to amplify social division in Britain around the terror attacks of the past year, according to a new study released Monday. Researchers at Cardiff University trawled through 30 millio
Published 19 Dec, 2017 12:00am
Shanghai copper, nickel up
Exchange

Shanghai copper, nickel up

Shanghai nickel jumped more than 4 percent on Monday, tracking a move in London after China said it would cut duties on some steel exports, which raised expectations for demand. Shanghai Futures Exchange nickel closed up 4.2 percent at 93,740 yuan ($14,17
Published 19 Dec, 2017 12:00am
Nickel hits three-week high, copper rises
Currency

Nickel hits three-week high, copper rises

Nickel hit three-week peaks on Monday after China boosted expectations of higher demand by pledging to cut export taxes on some steel products, but sizeable inventories capped gains. Benchmark nickel on the London Metal Exchange ended up 2.2 percent at $1
Published 19 Dec, 2017 12:00am
Nigerian oil union suspends nationwide strike

Nigerian oil union suspends nationwide strike

A major Nigerian oil union suspended a nationwide strike on Monday, the same day it began, after a dispute resolution ended with a domestic oil and gas company recalling laid off staff, the union's president said. "Management agreed to unconditionally rec
Published 19 Dec, 2017 12:00am
Oil gains on pipeline outage tempered by robust US output

Oil gains on pipeline outage tempered by robust US output

Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry. Still, growth in US crude output cast a shadow over the market and continued to cap gains.
Published 19 Dec, 2017 12:00am
Rubber rises
Currency

Rubber rises

Benchmark Tokyo rubber futures ended up 2.1 percent on Monday, after hitting a near two-week high in the morning, helped by firm Shanghai futures and a weaker yen against the dollar, brokers said. The Tokyo Commodity Exchange rubber contract for May deliv
Published 19 Dec, 2017 12:00am
Malaysian palm oil declines on profit-taking
Vegetable Oil

Malaysian palm oil declines on profit-taking

Malaysian palm oil futures fell almost 1 percent on Monday evening on profit-taking after recording their biggest daily gain in around five months in the previous trading session. The benchmark palm oil contract for March delivery on the Bursa Malaysia De
Published 19 Dec, 2017 12:00am
Raw sugar lifted by short-covering, arabica coffee up
Currency

Raw sugar lifted by short-covering, arabica coffee up

Raw sugar futures climbed on Monday, partly boosted by short-covering after data showed speculators had sold the commodity more aggressively than expected, while arabica coffee and New York cocoa rose in step with broader commodity markets. March raw suga
Published 19 Dec, 2017 12:00am
Gold moves up in Asia
Exchange

Gold moves up in Asia

Gold traded sideways in a tight range on Monday, pressured by firmer equities and a buoyant dollar after a bill to overhaul the tax system in the United States moved a step closer to ratification. Spot gold was up 0.1 percent at $1,256.52 an ounce as of 0
Published 19 Dec, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Monday as uncertainty over US tax reform weighed on the dollar, while an analyst said bullion may face renewed headwinds early next year. The dollar index fell, making dollar-denominated bullion cheaper for buyers using other currenci
Published 19 Dec, 2017 12:00am
Argentina sees corn planting up 5.2 percent

Argentina sees corn planting up 5.2 percent

Argentine farmers are expected to expand corn planting by 5.2 percent this season, the government said last Thursday, as the free-market policies of President Mauricio Macri encourage crop rotation after decades of over-planting soya. Soon after taking of
Published 19 Dec, 2017 12:00am
US MIDDAY: soyabeans sink

US MIDDAY: soyabeans sink

US soyabean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the third largest soyabean exporting country and largest soya product supplier. Corn futures also declined on the rainy
Published 19 Dec, 2017 12:00am
US MIDDAY: gold edges higher

US MIDDAY: gold edges higher

Gold edged higher on Monday as uncertainty over US tax legislation weighed on the dollar, while an analyst said bullion might face renewed headwinds early next year. Platinum rose 2 percent as investors recovered short positions. Spot gold was up 0.53 per
Published 19 Dec, 2017 12:00am
10.68 million bales of cotton reach ginneries
Cotton

10.68 million bales of cotton reach ginneries

Seed cotton (Phutti) equivalent to 10.68 million or 10,685,981 bales have reached ginneries across Pakistan till December 15, 2017, registering an increase by 5.3 per cent compared to corresponding period of last year.
Published 19 Dec, 2017 12:00am
PM for 'right' tariff regime for K-E

PM for 'right' tariff regime for K-E

Council of Pakistan Newspaper Editors (CPNE) met the Prime Minister of Pakistan in Islamabad on Monday. On the occasion, CPNE lauded the efforts made by the government to improve the security situation in Karachi. Further, the role of power utility in imp
Published 19 Dec, 2017 12:00am
Thatta Cement Company Limited
Mutual Funds

Thatta Cement Company Limited

Thatta Cement Company Limited (PSX: THCCL) is one of the smaller cement firms within the industry occupying only one percent of the industry capacity and about the same market share. Founded in 1982, the company's manufacturing facilities are located in T
Published 19 Dec, 2017 12:00am
Thatta Cement Company Limited
Mutual Funds

Thatta Cement Company Limited

Thatta Cement Company Limited (PSX: THCCL) is one of the smaller cement firms within the industry occupying only one percent of the industry capacity and about the same market share. Founded in 1982, the company's manufacturing facilities are located in T
Published 19 Dec, 2017 12:00am
IGP for initiating operations ahead of Christmas

IGP for initiating operations ahead of Christmas

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has stressed the need for initiating intelligence-based operations (IBOs) in the province with the assistance of other law enforcement agencies (LEAs) ahead of Christmas celebrations. The IGP expres
Published 19 Dec, 2017 12:00am
Resolution of RD in the offing: UBG team assured

Resolution of RD in the offing: UBG team assured

The Prime Minister Shahid Khaqan Abbasi has said that the issue of regulatory duty would be resolved soon while revival of Export Development Fund (EDB) is also under consideration. According to the United Businessmen Group (UBG)'s spokesman, the prime mi
Published 19 Dec, 2017 12:00am
Shahbaz for collective efforts for development, prosperity

Shahbaz for collective efforts for development, prosperity

Punjab Chief Minister Shahbaz Sharif has said that all the people should collectively work for national development and prosperity as the country cannot afford any chaos and anarchy. According to a message received here, Shahbaz expressed these views whil
Published 19 Dec, 2017 12:00am
Southern loop of Ring Road to be inaugurated on December 22

Southern loop of Ring Road to be inaugurated on December 22

Punjab Chief Minister Shehbaz Sharif is set to inaugurate the southern loop of Lahore Ring Road on December 22 as the development works have been completed and the project is ready to be used by commuters, said sources in the Lahore Ring Road Authority. I
Published 19 Dec, 2017 12:00am
Ali Gilani desists from registering complaint against PTI leader

Ali Gilani desists from registering complaint against PTI leader

Ali Musa Gilani, son of former premier Yusuf Raza Gilani, desisted from registering a police complaint against firing on him after a rapprochement with PTI leader Faisal Javed. He said the PTI spokesman had contacted him on Monday that led to rapprochemen
Published 19 Dec, 2017 12:00am
Hudaibiya case: SC too lenient with Sharif family: Aitzaz

Hudaibiya case: SC too lenient with Sharif family: Aitzaz

Aitzaz Ahsan, Leader of Opposition in Senate, said the Supreme Court has dealt leniently with the Sharif family in the Hudaibiya Paper Mills case. He was responding to the media queries outside the Lahore High Court (LHC) Monday. He claimed that the apex
Published 19 Dec, 2017 12:00am
Apparel sector seeks relaxation in yarn import duties
Cotton

Apparel sector seeks relaxation in yarn import duties

As the government is all set to withdraw sales tax and customs duty on import of cotton on the demand of spinning industry, setting aside the interest of growers and ginners, the Pakistan Readymade Garments Manufacturers & Exporters Association has appeal
Published 19 Dec, 2017 12:00am
Railways to start cargo train from Faisalabad

Railways to start cargo train from Faisalabad

Pakistan Railways has started cargo express train service from Faisalabad to Karachi. This freight train will be operated on the daily basis after the long period of seven years. The train consists of nine wagons. It will leave from Faisalabad at 11pm and
Published 19 Dec, 2017 12:00am
FINCA opens branches in Yazman, Kot Addu

FINCA opens branches in Yazman, Kot Addu

FINCA microfinance bank limited, one of the fastest growing microfinance banks in the country launched its branch operations in two new cities in the country. The new branches in Yazman (Bahawalpur district), and Kot Addu (Muzaffargarh district), will imp
Published 19 Dec, 2017 12:00am
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