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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-21
Brexit minister promises no 'Mad Max dystopia'

Brexit minister promises no 'Mad Max dystopia'

Britain will not engage in "Mad Max-style" deregulation and easing of workers' rights and environmental standards once it leaves the European Union, the Brexit secretary said Tuesday. "We will continue our track record of meeting high standards after we l
Published 21 Feb, 2018 12:00am
Dr Klawe highlights importance of IT at Habib university

Dr Klawe highlights importance of IT at Habib university

In her exclusive talk at Habib University (HU) the renowned computer scientist Dr Maria Klawe highlighted the importance of advancements in information technology, saying that people who could combine human skills, social interaction and understanding of
Published 21 Feb, 2018 12:00am
PTCL, Telenor enter fibre leasing agreement

PTCL, Telenor enter fibre leasing agreement

Pakistan Telecommunications Company Limited (PTCL) and Telenor Pakistan (TP), for the third consecutive year, have entered into a fibre leasing agreement, under which PTCL will deliver fiber footprint to Telenor Pakistan. Prior to this agreement, PTCL and
Published 21 Feb, 2018 12:00am
Meezan Bank and IBA-PU sign MoU

Meezan Bank and IBA-PU sign MoU

Meezan Bank and Institute of Business Administration -University of the Punjab (IBA-PU) have recently signed a Memorandum of Understanding for launching MBA in SME Banking & Entrepreneurship. The agreement aims to address the challenge of availability of
Published 21 Feb, 2018 12:00am
ECP summons MQM-P squabbling factions on February 27

ECP summons MQM-P squabbling factions on February 27

Election Commission of Pakistan has summoned the two factions of the Muttahida Qaumi Movement (MQM-P) on February 27 due to their dispute on the names of their party's candidates for the Senate elections. The MQM-P has also submitted an application in the
Published 21 Feb, 2018 12:00am
EFU earns Rs 2,344 million profit after tax

EFU earns Rs 2,344 million profit after tax

The Board of Directors of EFU General Insurance Limited at its meeting held on 14th February 2018 approved the Annual Accounts for the year ended 31 December 2017. The after tax profit of the company was Rs 2,344 million as against Rs 2,392 million last y
Published 21 Feb, 2018 12:00am
EFU earns Rs 2,344 million profit after tax

EFU earns Rs 2,344 million profit after tax

The Board of Directors of EFU General Insurance Limited at its meeting held on 14th February 2018 approved the Annual Accounts for the year ended 31 December 2017. The after tax profit of the company was Rs 2,344 million as against Rs 2,392 million last y
Published 21 Feb, 2018 12:00am
DG Khan Cement posts Rs 3.733 billion PAT in half year

DG Khan Cement posts Rs 3.733 billion PAT in half year

D G Khan Cement has posted Rs 3.733 billion as profit after tax in the half year period ended December 31, 2017 as compared to Rs 4.505 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting held on Tuesda
Published 21 Feb, 2018 12:00am
DG Khan Cement posts Rs 3.733 billion PAT in half year

DG Khan Cement posts Rs 3.733 billion PAT in half year

D G Khan Cement has posted Rs 3.733 billion as profit after tax in the half year period ended December 31, 2017 as compared to Rs 4.505 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting held on Tuesda
Published 21 Feb, 2018 12:00am
Al-Ghazi Tractors posts Rs 3.123 billion PAT

Al-Ghazi Tractors posts Rs 3.123 billion PAT

The profit after tax of Al-Ghazi Tractors has increased to Rs 3.123 billion in the year ended December 31, 2017 as compared to Rs 1.926 billion earned in the same period in 2016. The company's earning per share has increased to Rs 53.88 in the period unde
Published 21 Feb, 2018 12:00am
Al-Ghazi Tractors posts Rs 3.123 billion PAT

Al-Ghazi Tractors posts Rs 3.123 billion PAT

The profit after tax of Al-Ghazi Tractors has increased to Rs 3.123 billion in the year ended December 31, 2017 as compared to Rs 1.926 billion earned in the same period in 2016. The company's earning per share has increased to Rs 53.88 in the period unde
Published 21 Feb, 2018 12:00am
Bilawal condoles death of Bijarani

Bilawal condoles death of Bijarani

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari on Tuesday visited the residence of the late Mir Hazar Khan Bijarani, a senior PPP leader and offered condolences to son Mir Shabbir Ali Bijarani, MNA. "Mir Hazar Khan Bijarani was an asset of
Published 21 Feb, 2018 12:00am
Gold import 47.29 percent up

Gold import 47.29 percent up

The country's gold import mounted to $11.646 million in July-December 2017, up by 47.29 percent, official figures say. Rise in gold import comes to the tune of $3.739 million in July-December 2017 from $7.907 million in July-December 2016, Pakistan Bureau
Published 21 Feb, 2018 12:00am
Under-19 cricketer 'commits suicide'

Under-19 cricketer 'commits suicide'

A Karachi-based under-19 cricketer committed suicide on Tuesday after he was dropped from the under-19 team due to overage than the set criterion. Former international cricketer Amir Hanif told the media his son Mohammad Zaryab had committed suicide as he
Published 21 Feb, 2018 12:00am
Partly Facetious: Parliament's right to legislate

Partly Facetious: Parliament's right to legislate

"Our lisping perennially disheveled Prime Minister thundered in the national assembly on Monday against those institutions that strike down the right of parliament to legislate."
Published 21 Feb, 2018 12:00am
ANP rejects Fata 'Rewaj Act'

ANP rejects Fata 'Rewaj Act'

ANP chief Asfandyar Wali Khan has said FATA Rewaj Act is against the human rights and not acceptable in any circumstances. He expressed these views while talking to a delegation of tribeswomen which called on him in Wali Bagh Charsadda. The founder of 'Kh
Published 21 Feb, 2018 12:00am
Senate body approves PPIB (amendment) bill

Senate body approves PPIB (amendment) bill

Senate Standing Committee on Energy on Tuesday approved the "Private Power Infrastructure Board (amendment) Bill, 2017" with slight amendment in the National Assembly's approved Bill designed to merge PPIB and Alternative Energy Development Board (AEDB) a
Published 21 Feb, 2018 12:00am
PTI's efforts to free country from corruption under way: Khattak

PTI's efforts to free country from corruption under way: Khattak

Khyber Pakhtunkhwa Chief Minister, Pervez Khattak said on Tuesday that the corrupt leaders could not lead the nation and Pakistan Tehreek-e-Insaf (PTI) leadership has initiated efforts to free the country from corruption. He stated this while addressing a
Published 21 Feb, 2018 12:00am
Envoys briefed about NUST activities
Exchange

Envoys briefed about NUST activities

In continuation of its efforts to boost academic and research ties with the Higher Education Institutions (HEIs) worldwide, National University of Sciences and Technology (NUST) hosted another group of honourable ambassadors, Deputy heads of Mission, and
Published 21 Feb, 2018 12:00am
Avenfield case: NAB team arrives in London to record statements

Avenfield case: NAB team arrives in London to record statements

A team of National Accountability Bureau (NAB) has arrived here to record statements of two prosecution witnesses in the London-based Avenfield properties case against former prime minister Nawaz Sharif and members of his family. Accountability Court Judg
Published 21 Feb, 2018 12:00am
LTUs, RTOs to remain open on February 24

LTUs, RTOs to remain open on February 24

The Federal Board of Revenue (FBR) has announced that all Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) shall remain open and observe normal working hours on Saturday (February 24) to facilitate the taxpayers for payment of duties and taxes.
Published 21 Feb, 2018 12:00am
500,000 hepatitis C cases being added yearly, Senate told

500,000 hepatitis C cases being added yearly, Senate told

Pakistan has one of the world's largest burdens of viral hepatitis, as 500,000 new HCV [Hepatitis C Virus] cases are added in the population every year, Minister for National Health Services, Regulations and Coordination Saira Afzal Tarar told Senate on T
Published 21 Feb, 2018 12:00am
Government aiming for pro-investment, pro-business budget, ADB told

Government aiming for pro-investment, pro-business budget, ADB told

Special Assistant to the Prime Minister on Revenue/Federal Minister Haroon Akhtar Khan has said the government is aiming for a pro-investment and business-friendly federal budget for the coming year to jump-start growth and boost the economy.
Published 21 Feb, 2018 12:00am
Expert terms biotech crops 'safe for consumption'
Cotton

Expert terms biotech crops 'safe for consumption'

The biotech crops getting support from all around the world including Pakistan, realizing the fact that genetically engineered crops are not harmful to human health. An industry expert told Business Recorder here on Tuesday that the biotech crops m
Published 21 Feb, 2018 12:00am
Minorities' welfare: Sikh spiritual leaders laud Pakistan's steps

Minorities' welfare: Sikh spiritual leaders laud Pakistan's steps

Spiritual leader of Sikh community and chairman of Nishkam Group Mohinder Singh Ahluwalia has lauded the Pakistan's measures for providing different facilities to Sikh community along with maintenance and beautification of religious places. Mohinder Singh
Published 21 Feb, 2018 12:00am
Prime Minister calls for ensuring uninterrupted power supply

Prime Minister calls for ensuring uninterrupted power supply

Prime Minister Shahid Khaqan Abbasi on Tuesday directed for greater coordination among the concerned departments and for devising a comprehensive plan to ensure uninterrupted power supply to the consumers during the coming months. The Prime Minister gave
Published 21 Feb, 2018 12:00am
NBP wins eight corporate social responsibility awards

NBP wins eight corporate social responsibility awards

National Bank of Pakistan (NBP) bagged eight awards at the two prestigious CSR Summit and Award ceremonies, organized in Karachi and Islamabad respectively. Impressed by NBP's vision and implementation of CSR activities, the two organizations; National Fo
Published 21 Feb, 2018 12:00am
PTI candidate expresses doubts about fairness of Senate polls

PTI candidate expresses doubts about fairness of Senate polls

Pakistan Tehreek-e-Insaf (PTI)'s candidate for the Senate election Dr Zarqa Suharwardy has expressed apprehension over the fairness of forthcoming Senate elections and accused the N-League of horse trading. She expressed these views while talking to a del
Published 21 Feb, 2018 12:00am
'Chinese New Year' celebrated

'Chinese New Year' celebrated

In order to celebrate the Chinese New Year, a festive ceremony was held at the Government College University Lahore here on Tuesday. Vice Chancellor Professor Dr Hassan Amir Shah was the chief guest at the ceremony organized by the Center of Excellence, C
Published 21 Feb, 2018 12:00am
AlKaram opens a landmark store in Packages Mall

AlKaram opens a landmark store in Packages Mall

AlKaram will be launching its 39th AK Studio store in Pakistan on the 12th of January 2018 at Packages Mall. This is the 4th and the largest AK Studio outlet to open in Lahore. AlKaram has been a well-trusted name in the textile industry of Pakistan for t
Published 21 Feb, 2018 12:00am
A baby dies every second minute in Pakistan: Dr Shirazi

A baby dies every second minute in Pakistan: Dr Shirazi

In the neonatal intensive care department of an Islamabad hospital, scrawny infants struggle for survival - victims of a vacuum in resources and education in the country with the highest newborn mortality rate in the world. "In Pakistan, a baby dies every
Published 21 Feb, 2018 12:00am
Event for gasifiers distribution among rural women held

Event for gasifiers distribution among rural women held

World Wide Funds for Nature-Pakistan (WWF-P) and SNGPL, as part of the AWARE project, organized an event for gasifiers distribution among rural women of Matta village in district Kasur. The project titled "agro-waste community enterprise for provision of
Published 21 Feb, 2018 12:00am
Collapse of classroom ceiling: Minister directs probe into incident

Collapse of classroom ceiling: Minister directs probe into incident

Provincial Minister for Education and Literacy, Jam Mehtab Hussain Dahar has directed the director education concerned to probe into the incident of collapse of classroom ceiling as to why the school was run in the building and classes conducted when the
Published 21 Feb, 2018 12:00am
Etihad honours record breaking executive

Etihad honours record breaking executive

Etihad Airways, the national airline of the United Arab Emirates, has honoured its high flying executive Andrew Fisher following his record-breaking feat of travelling around the globe in the fastest time and in the fewest number of flights.
Published 21 Feb, 2018 12:00am
Pakistan Cables completes first-ever ACCC installation in NTDC system

Pakistan Cables completes first-ever ACCC installation in NTDC system

Pakistan Cables Limited has successfully completed the installation of Pakistan's first ever Aluminum Conductor Composite Core ACCC in the National Transmission & Despatch Company's (NTDC) system. As a result, the capacity of the 220 kV Double Circuit Tra
Published 21 Feb, 2018 12:00am
Pakistan can't afford any negative politics, says Shahbaz

Pakistan can't afford any negative politics, says Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif Tuesday said that Pakistan is needed to be projected as a sovereign, self-respected and self-reliant state and the PML-N leadership has a development vision to move the motherland towards the road of progress
Published 21 Feb, 2018 12:00am
Overseas Pakistanis: PITB's portal registers 7,814 complaints

Overseas Pakistanis: PITB's portal registers 7,814 complaints

The Punjab Information Technology Board's (PITB) project in collaboration with the Overseas Pakistanis Commission (OPC) is redressing the overseas Pakistanis' complaints being faced by them in various inland departments through an online complaint portal
Published 21 Feb, 2018 12:00am
Nawaz holds consultative meeting

Nawaz holds consultative meeting

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif Tuesday held a consultative meeting to discuss the current political situation and evolve a future political strategy. The meeting, which was held at Jati Umrah, was attended by Hamza Shahbaz, Ma
Published 21 Feb, 2018 12:00am
Business community hails reforms for ease of doing business
Exchange

Business community hails reforms for ease of doing business

The Pakistan Industrial & Traders Associations Front (PIAF) chairman Irfan Iqbal Sheikh has appreciated the government for introducing reforms to make doing business easier in the context of annual ranking of countries by ease of doing business.
Published 21 Feb, 2018 12:00am
Health week begins in Faislabad

Health week begins in Faislabad

On the directions of Punjab govt, the 2nd phase of health week is in the continuing process in district and total numbers of 6630 patients were registered in the first day on 44 health camps at different THQ Hospitals, RHCs and BHUs for screening their he
Published 21 Feb, 2018 12:00am
Punjab Assembly passes two resolutions unanimously

Punjab Assembly passes two resolutions unanimously

The Punjab Assembly on Tuesday unanimously passed a resolution demanding of the federal government to issue life time passports to the members of Assembly such as they were issued to the legislators of National Assembly. The session of the House started 4
Published 21 Feb, 2018 12:00am
LHC directs CS to ensure crushing by sugar mills

LHC directs CS to ensure crushing by sugar mills

The Lahore High Court on Tuesday directed the Chief Secretary Punjab to ensure resumption of crushing by all sugar mills and payment of sugarcane to farmers on a price announced by the government and sought compliance report within 30 days. The court was
Published 21 Feb, 2018 12:00am
PSDF, Generation join hands for job creation

PSDF, Generation join hands for job creation

Punjab Skills Development Fund (PSDF) and Generation have joined hands to address the challenges faced by young people who are seeking to connect with the job market. Together, the two leading organizations will bring a proven, innovative model - the Gene
Published 21 Feb, 2018 12:00am
'Pakistan needs to show strong presence in huge African market'

'Pakistan needs to show strong presence in huge African market'

"Pakistan needs to show strong presence in huge African market to take full advantage of its infinite potential. African destination not only has precious reserves of oil and gold but various other sectors have a lot to offer Pakistan."
Published 21 Feb, 2018 12:00am
ABB celebrates 25 years of pioneering tech leadership

ABB celebrates 25 years of pioneering tech leadership

ABB is celebrating 25 years of operations in Pakistan with a ground breaking ceremony for a new purpose-built facility. The company established its first office in Lahore in 1992 and has since grown from strength to strength supplying advanced technologie
Published 21 Feb, 2018 12:00am
International Steels Limited (ISL)
Mutual Funds

International Steels Limited (ISL)

International Steels Limited (PSX: ISL) is a leading manufacturer of flat steel products in Pakistan and is a subsidiary of International Industries Limited (IIL), incorporated in 2007. The company was established with a $165 million investment, with equi
Published 21 Feb, 2018 12:00am
International Steels Limited (ISL)
Mutual Funds

International Steels Limited (ISL)

International Steels Limited (PSX: ISL) is a leading manufacturer of flat steel products in Pakistan and is a subsidiary of International Industries Limited (IIL), incorporated in 2007. The company was established with a $165 million investment, with equi
Published 21 Feb, 2018 12:00am
Skipping PAC meetings: Finance Secretary's absence draws PAC chief's ire

Skipping PAC meetings: Finance Secretary's absence draws PAC chief's ire

Incensed at Secretary Finance for skipping the panel meetings, Chairman Public Accounts Committee (PAC) Khursheed Shah on Tuesday directed to write a letter to the Prime Minister over repeated negligence of senior officials in attending meetings of the to
Published 21 Feb, 2018 12:00am
Ayyan Ali may be declared absconder
Currency

Ayyan Ali may be declared absconder

The customs court on Tuesday gave a warning to Ayyan Ali stating that the model will be declared an absconder if she fails to appear before the court in the currency smuggling case. The proceedings for the case in Rawalpindi's customs court began despite
Published 21 Feb, 2018 12:00am
Senate Housing Society's 80 percent work completed: Senate body informed

Senate Housing Society's 80 percent work completed: Senate body informed

Capital Development Authority (CDA) Tuesday informed Sub-Committee of Senate on Cabinet Secretariat that 80 percent work on Senate Housing Society has been completed. The Sub-Committee of Senate on Cabinet Secretariat meeting was held here with convener c
Published 21 Feb, 2018 12:00am
Soneri Bank earns Rs 1.64 billion PAT

Soneri Bank earns Rs 1.64 billion PAT

The Board of Directors of Soneri Bank Limited met in Karachi under the Chairmanship of Alauddin Feerasta, on Tuesday to review the performance of the Bank and approved the financial statements for the year ended 31 December 2017. Bank has posted profit be
Published 21 Feb, 2018 12:00am
Soneri Bank earns Rs 1.64 billion PAT

Soneri Bank earns Rs 1.64 billion PAT

The Board of Directors of Soneri Bank Limited met in Karachi under the Chairmanship of Alauddin Feerasta, on Tuesday to review the performance of the Bank and approved the financial statements for the year ended 31 December 2017. Bank has posted profit be
Published 21 Feb, 2018 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices were pressured by a stronger US dollar and rising interest rates on Tuesday, dropping for a third session, but were underpinned by political worries and uncertainty about this week's huge US bond auctions. The dollar continued its rebound from
Published 21 Feb, 2018 12:00am
US MIDDAY: soyabean meal futures jump

US MIDDAY: soyabean meal futures jump

US soyabean meal futures jumped to their highest level since July 2016 on Tuesday as a drought kept the heat on crops in Argentina, the world's top exporter of the livestock feed. The rally helped lift soyabean and corn prices, which touched seven-month a
Published 21 Feb, 2018 12:00am
Gold down in Europe
Currency

Gold down in Europe

Gold prices were weighed down by a stronger dollar on Tuesday, dropping for the third session, but were underpinned by |political worries and uncertainty about this week's huge US bond auctions. The dollar continued its rebound from three-year lows as inv
Published 21 Feb, 2018 12:00am
Gold dips in Asia
Currency

Gold dips in Asia

Gold prices fell for a third straight session on Tuesday as the dollar rebounded from over three-year lows hit last week, while investors waited for minutes of the latest Federal Reserve meeting for clues on the outlook for US interest rates. Spot gold wa
Published 21 Feb, 2018 12:00am
White sugar slips on ample supplies, arabica coffee down

White sugar slips on ample supplies, arabica coffee down

White sugar futures fell on Tuesday, pressured by a stronger US dollar and a looming global supply glut, while arabica coffee extended last week's losses to reach its lowest in more than two months. May white sugar settled down $3.60, or 1 percent, at $35
Published 21 Feb, 2018 12:00am
Palm oil tumbles
Vegetable Oil

Palm oil tumbles

Malaysian palm oil futures slid on Tuesday as export growth slowed and the market took a chance to take profits amid mounting production concerns. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 1.2 per
Published 21 Feb, 2018 12:00am
Tokyo rubber extends gains
Exchange

Tokyo rubber extends gains

Benchmark Tokyo rubber futures rose on Tuesday on a weaker yen against the dollar, recovering more ground after plunging to an eight-month low on Friday, brokers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 1.2 yen higher
Published 21 Feb, 2018 12:00am
US crude prices rise on Cushing draw, Brent eases

US crude prices rise on Cushing draw, Brent eases

US crude rose to a near two-week high on Tuesday on signs of inventory declines at a key storage hub, while Brent eased under pressure from a stronger dollar. Inventories at Cushing, Oklahoma, the delivery point for US crude futures fell 2.1 million barre
Published 21 Feb, 2018 12:00am
Copper prices edge lower as dollar rebounds
Exchange

Copper prices edge lower as dollar rebounds

Copper prices fell on Tuesday, pushed lower by a stronger dollar which made metals more expensive for holders of other currencies, but trading volumes were low with many Asian markets closed for the Lunar New Year holiday. Benchmark copper on the London M
Published 21 Feb, 2018 12:00am
Fire strands hundreds at Malta airport

Fire strands hundreds at Malta airport

Malta International Airport was brought to a standstill on Tuesday by a fire that left flights suspended and hundreds of passengers stranded. Passengers were evacuated from the airport as smoke billowed through the arrivals and departure lounges, an AFP r
Published 21 Feb, 2018 12:00am
US prosecutor Mueller charges lawyer with lying in Russia probe

US prosecutor Mueller charges lawyer with lying in Russia probe

Special prosecutor Robert Mueller unveiled charges of lying Tuesday against a lawyer linked to a former campaign aide of President Donald Trump, as the probe into Russian election meddling gains pace. Mueller's powerful team of investigators accused Alex
Published 21 Feb, 2018 12:00am
North Korea cyber threat 'more aggressive than China': US firm

North Korea cyber threat 'more aggressive than China': US firm

North Korean hackers are becoming more aggressive than their Chinese counterparts, a leading US cybersecurity firm warned Tuesday, as it identified a Pyongyang-linked group as an "advanced persistent threat". It was the first time that FireEye had used th
Published 21 Feb, 2018 12:00am
Egyptian court puts government critic on terror list

Egyptian court puts government critic on terror list

An Egyptian court on Tuesday put a leading government critic and 15 others on terror lists at the request of the public prosecutor, a judicial official said. Abdel Moneim Abul Fotouh, who is accused of joining an illegally formed group and spreading false
Published 21 Feb, 2018 12:00am
US Secret Service denies China nuclear football 'skirmish'

US Secret Service denies China nuclear football 'skirmish'

The US Secret Service denied Monday reports that one of its agents and White House Chief of Staff John Kelly wrestled with Chinese security officials over the "nuclear football" during President Donald Trump's visit to Beijing in November.
Published 21 Feb, 2018 12:00am
Turkey shells pro-regime forces in Afrin

Turkey shells pro-regime forces in Afrin

Turkey fired at Syrian pro-regime forces as they entered Tuesday the Kurdish-controlled enclave of Afrin, Syrian state media said. The shelling marks a major escalation in the month-old assault Turkey and allied rebels are waging on Afrin.
Published 21 Feb, 2018 12:00am
Russia blamed as key clinic in Syria enclave bombed out of service

Russia blamed as key clinic in Syria enclave bombed out of service

A key hospital in Syria's rebel-held Eastern Ghouta was put out of service on Tuesday, a medical group said, with a monitor blaming Russian air strikes. "The Arbin hospital was hit twice today and is now out of service," said Moussa Naffa, country directo
Published 21 Feb, 2018 12:00am
Lebanese president makes landmark visit to Iraq

Lebanese president makes landmark visit to Iraq

President Michel Aoun led a delegation Tuesday to Iraq on the first visit by a Lebanese head of state to the war-scarred country, for talks that included ways to eradicate terrorism. Aoun held talks with Iraqi President Fuad Masum and was due to meet Prim
Published 21 Feb, 2018 12:00am
Sterling strengthens against dollar, euro

Sterling strengthens against dollar, euro

Sterling recovered against the dollar and rose against the euro on Tuesday after a media report said the European Parliament would call for giving Britain "privileged" single market access. Growing hopes that Britain and the European Union can agree a tra
Published 21 Feb, 2018 12:00am
Asian forex: Most Asian currencies fall

Asian forex: Most Asian currencies fall

Most Asian currencies languished on Tuesday as the dollar rebounded further from a three-year low hit last week, and subdued risk sentiment kept regional assets in check. Against the yen, the dollar traded at 106.75 yen JPY=, up 0.15 percent for the day a
Published 21 Feb, 2018 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Tuesday as importer dollar demand outweighed selling by exporters, even as traders awaited more confirmation that political stability was returning after coalition partners agreed to continue with a cabinet reshuffle. The rupe
Published 21 Feb, 2018 12:00am
Dollar extends recovery in Europe
Currency

Dollar extends recovery in Europe

The dollar continued its rebound from three-year lows on Tuesday, on the view that the currency was due a modest correction after a sharp decline in recent weeks, and as traders eyed a large US debt auction. The US Treasury is preparing to sell more than
Published 21 Feb, 2018 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar inched higher versus a basket of major currencies on Tuesday, clinging above a three-year low set last week, but its outlook was clouded by concerns that the ballooning US fiscal deficit could disrupt the economy. The dollar's index versus six
Published 21 Feb, 2018 12:00am
Aussie, kiwi ease

Aussie, kiwi ease

The Australian and New Zealand dollars eased on Tuesday as Asian share markets slipped into the red, while Australia's central bank again underlined the outlook for unchanged policy at home. The Aussie was a shade softer at $0.7900, having found support a
Published 21 Feb, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.94-82.94 (Previous 82.94-82.94).
Published 21 Feb, 2018 12:00am
Mining giant BHP half-year profit hit by US tax charges

Mining giant BHP half-year profit hit by US tax charges

Higher commodity prices helped global mining giant BHP report a first-half net profit of US$2.02 billion on Tuesday, but the result was weighed down by a hefty charge from US tax reforms. The result for the six months to December 31 was 37 percent lower t
Published 21 Feb, 2018 12:00am
Brazil's soya crop seen at record 115.6 million tonnes

Brazil's soya crop seen at record 115.6 million tonnes

Brazil's 2017/18 soyabean crop is expected to reach 115.6 million tonnes, a record volume, 1.2 percent above the previous record last year of 114.2 million tonnes, according to an updated forecast on Monday from consultancy Safras & Mercado.
Published 21 Feb, 2018 12:00am
Volume of business rises on cotton market
Cotton

Volume of business rises on cotton market

Trading activity showed significant increase on the cotton market on Tuesday as spinners finalised deals in a big way on the lower rates, dealers said. The official spot rate halted further decline, held the last level at Rs 6,900, they added. In Sindh an
Published 21 Feb, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 137,464 tonnes of cargo comprising 110,019 tonnes of import cargo and 27,445 tonnes of export cargo including 3,490 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 11
Published 21 Feb, 2018 12:00am
Argentine soya crop estimates likely to 50 million tonnes
Exchange

Argentine soya crop estimates likely to 50 million tonnes

The drought afflicting Argentina since November has shriveled soya yields to the point that analysts and farmers have slashed harvest estimates by about 10 million tonnes, with final crop forecasts consolidating under the 50 million tonne mark. The drynes
Published 21 Feb, 2018 12:00am
European gasoline margins fall on thin buying

European gasoline margins fall on thin buying

Gasoline refining margins in northwest Europe slightly declined on Monday amid thin trading. Several new tanker bookings emerged in recent days, with options to delivery gasoline from Europe to West Africa, shipping reports showed. Two of the tankers - Tr
Published 21 Feb, 2018 12:00am
European wheat futures higher as euro eases

European wheat futures higher as euro eases

European wheat futures were higher on Monday, supported by a dip in the euro after it hit a three-year top against the dollar at the end of last week. Trading was light, with a market closure in the United States for the Presidents Day holiday removing th
Published 21 Feb, 2018 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 firmed on Monday as Malaysian palm oil futures edged higher on expectations for improved exports during February. Malaysian palm oil futures were closed on Friday for Lunar New Year celebrations. Trade on Mon
Published 21 Feb, 2018 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, boosted by a weak Canadian dollar and short-covering ahead of a long weekend. ICE Futures Canada will be closed on Monday for a Canadian holiday. March canola added $1.90 at $503.10 per tonne. Most-active May ca
Published 21 Feb, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,224. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.760 billion and the number of lots traded was 9,511. Major business was contributed by currencies
Published 21 Feb, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 20, 2018).

Published 21 Feb, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 20, 2018).
Published 21 Feb, 2018 12:00am
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