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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-03-02
China''s envoy for encouraging local manufacturers
Exchange

China''s envoy for encouraging local manufacturers

Foreign Minister Khawaja Asif said on Thursday that as the flagship project of the Belt and Road Initiative, the CPEC is one of the most significant and transformative projects in modern history. Addressing an event in connection with launch of a report "
Published 02 Mar, 2018 12:00am
China's envoy for encouraging local manufacturers
Exchange

China's envoy for encouraging local manufacturers

Foreign Minister Khawaja Asif said on Thursday that as the flagship project of the Belt and Road Initiative, the CPEC is one of the most significant and transformative projects in modern history. Addressing an event in connection with launch of a report "
Published 02 Mar, 2018 12:00am
China's envoy for encouraging local manufacturers
Exchange

China's envoy for encouraging local manufacturers

Foreign Minister Khawaja Asif said on Thursday that as the flagship project of the Belt and Road Initiative, the CPEC is one of the most significant and transformative projects in modern history. Addressing an event in connection with launch of a report "
Published 02 Mar, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 01, 2018).

Published 02 Mar, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 01, 2018).

Published 02 Mar, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 01, 2018).

Published 02 Mar, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 01, 2018).

Published 02 Mar, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 01, 2018).
Published 02 Mar, 2018 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 Thursday (March 01, 2018).

Published 02 Mar, 2018 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 02 Mar, 2018 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 02 Mar, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Mar, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Mar, 2018 12:00am
Malaysia to press EU on planned palm oil ban in biofuels

Malaysia to press EU on planned palm oil ban in biofuels

Malaysia will press the European Union not to ban palm oil in biofuels during talks this week, the country's trade minister said Thursday, warning the move would hit the rural poor. The European Parliament earlier this year voted in favour of a draft law
Published 02 Mar, 2018 12:00am
Chinese investor pulls out of $5.2 billion Hong Kong skyscraper deal

Chinese investor pulls out of $5.2 billion Hong Kong skyscraper deal

The Chinese buyer of a Hong Kong skyscraper from billionaire Li Ka-shing in a record $5.2 billion deal has pulled out of the deal, according to two people with direct knowledge of the matter. The reason was not immediately clear, but the pullout underscor
Published 02 Mar, 2018 12:00am
Hong Kong cash surplus hits record but critics hit out at budget

Hong Kong cash surplus hits record but critics hit out at budget

Hong Kong Wednesday reported a record surplus of almost US$18 billion thanks to a red-hot property market and announced wide-ranging tax cuts in its annual budget, but critics said the measures did too little to help the city's poor. Financial Secretary P
Published 02 Mar, 2018 12:00am
France cracks down on undeclared Airbnb listings

France cracks down on undeclared Airbnb listings

The French government announced plans Thursday to clamp down on Airbnb, saying it would fine the home-sharing giant for carrying ads from people who do not register their properties with local authorities. Paris - the world's third-most visited city, acco
Published 02 Mar, 2018 12:00am
Brazil's economy grows in 2017 after two years of contraction

Brazil's economy grows in 2017 after two years of contraction

Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history. The agroindustrial sector led the way w
Published 02 Mar, 2018 12:00am
Noble Group in $4.9 billion annual loss

Noble Group in $4.9 billion annual loss

Struggling commodities trader Noble Group Ltd plunged to an annual loss of $4.9 billion, mainly due to non-cash losses on derivatives contracts and said it was still holding talks on its $3.4 billion debt restructuring deal. The restructuring is crucial f
Published 02 Mar, 2018 12:00am
SA trade balance swings to largest deficit in over a decade
Currency

SA trade balance swings to largest deficit in over a decade

South Africa's much bigger-than-expected trade deficit in January wiped out 12 consecutive months of surpluses, as exports of major commodities and machinery fell sharply. The trade balance in January swung to a 27.66 billion rand ($2 billion) deficit, fa
Published 02 Mar, 2018 12:00am
CBOT corn futures hit five-month highs

CBOT corn futures hit five-month highs

Chicago Board of Trade corn futures edged up on Tuesday, extending their rally to fresh five-month highs as fields in Argentina continued to dry out and global importers bought largely from the United States, traders said. CBOT March corn settled up 2 cen
Published 02 Mar, 2018 12:00am
Asian naphtha crack rises for third straight session

Asian naphtha crack rises for third straight session

Asia's naphtha crack rose for a third straight session on Tuesday to a near two-week high of $74.13 a tonne, but was 39 percent below the fourth-quarter average on sufficient supplies. Naphtha demand continued to emerge from North Asia, but traders said f
Published 02 Mar, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,253. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.353 billion and the number of lots traded was 7,608.
Published 02 Mar, 2018 12:00am
Soya harvesting, corn planting jump in Brazil's Parana state

Soya harvesting, corn planting jump in Brazil's Parana state

Soya harvesting and planting of the main corn crop in Parana, Brazil's second largest grain-producing state, sharply increased in the week to Monday, as farmers took advantage of a break from rains to speed up field work. Soyabean harvest in the state rea
Published 02 Mar, 2018 12:00am
Chinese steel futures extend gains on output curbs
Exchange

Chinese steel futures extend gains on output curbs

Chinese steel futures rose for the third straight session to around their highest in almost three months on Tuesday, after China's top steelmaking city proposed extending output curbs by an additional eight months. In a draft document reviewed by Reuters,
Published 02 Mar, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 178,765 tonnes of cargo comprising 116,477 tonnes of import cargo and 62,288 tonnes of export cargo including 8,333 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 02 Mar, 2018 12:00am
Prices keep rising trend
Cotton

Prices keep rising trend

Rates maintained rising trend on strong demand on the cotton market on Thursday in the process of improved trading activity, dealers said. The official spot rate rose further Rs 100 to Rs 7100, they added. In Sindh, seed cotton prices were at Rs 2400-3000
Published 02 Mar, 2018 12:00am
Canadian canola futures up

Canadian canola futures up

ICE Canadian canola futures inched higher on Tuesday, extending a winning streak to seven days on support from technical buying and unfavourably dry weather for Argentina's soyabean crop. Funds, who follow technical indicators, bought an estimated 3,000 M
Published 02 Mar, 2018 12:00am
Tightness grips cotton market
Cotton

Tightness grips cotton market

Though not quite unexpected, tightness has gripped the domestic cotton market since the beginning of this week. Specially, the cost of good quality cotton has risen sharply. It is now estimated that about six hundred thousand bales of cotton from the curr
Published 02 Mar, 2018 12:00am
Tightness grips cotton market
Cotton

Tightness grips cotton market

Though not quite unexpected, tightness has gripped the domestic cotton market since the beginning of this week. Specially, the cost of good quality cotton has risen sharply. It is now estimated that about six hundred thousand bales of cotton from the curr
Published 02 Mar, 2018 12:00am
Dollar rises in Asia
Currency

Dollar rises in Asia

The dollar held firm on Thursday, drawing support after the Federal Reserve's new chief Jerome Powell struck an optimistic tone on the US economy in a boost to rate hawks that sent global stocks tumbling. In contrast, benign inflation data in the euro zon
Published 02 Mar, 2018 12:00am
Euro slips in Europe
Currency

Euro slips in Europe

The euro slipped to a seven-week low on Thursday, as investors bet that monetary policies will diverge in the euro zone, where interest rates look set to stay at record lows throughout 2018, and the United States, where as many as four hikes are expected.
Published 02 Mar, 2018 12:00am
Early trade in New York: dollar advances to six-week high
Currency

Early trade in New York: dollar advances to six-week high

The dollar rose to a six-week high on Thursday after a set of solid US economic data further stoked expectations that the Federal Reserve could raise interest rates as many as four times this year. The greenback has gained momentum this week following the
Published 02 Mar, 2018 12:00am
Dollar climbs to five-week peak in New York

Dollar climbs to five-week peak in New York

The dollar rose to five-week highs on Wednesday, bolstered by an upbeat assessment of the US economy from the Federal Reserve's new chairman, which raised expectations the central bank could aggressively increase interest rates over the next two years. Th
Published 02 Mar, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.96-82.96 (Previous 82.96-82.96).
Published 02 Mar, 2018 12:00am
Yuan extends losses

Yuan extends losses

China's yuan extended losses against the US dollar on Thursday, after the greenback got a boost following Federal Reserve Chairman Jerome Powell's optimistic tone on the US economy that suggested a faster pace of monetary tightening. The dollar rose to a
Published 02 Mar, 2018 12:00am
Asian currencies fall against dollar

Asian currencies fall against dollar

Most Asian currencies lost ground against the dollar on Thursday as Federal Reserve chief Jerome Powell hinted that US borrowing costs might rise at a faster pace than expected in a blow to riskier markets Powell's optimistic outlook on the US economy pro
Published 02 Mar, 2018 12:00am
Sterling slips to seven-week low
Currency

Sterling slips to seven-week low

Sterling slipped to a seven-week low against the dollar on Thursday, as investors sold the pound on worries a Brexit transition deal might not be reached this month. British Prime Minister Theresa May will lay out her views on how to keep trade open betwe
Published 02 Mar, 2018 12:00am
Aussie, kiwi sink
Currency

Aussie, kiwi sink

The Australian dollar hit a two-month trough on Thursday, undermined by mixed domestic data and speculative selling against the yen that took the cross rate to a nine-month low. The Aussie was down 0.5 percent at $0.7724, leaving its losses for the week a
Published 02 Mar, 2018 12:00am
Indian shares keep falling

Indian shares keep falling

Indian shares ended lower for the third successive session on Thursday, dragged by bank stocks such as ICICI Bank and State Bank of India, as subdued global cues hurt risk appetite despite better-than-expected Dec-quarter gross domestic product (GDP) data
Published 02 Mar, 2018 12:00am
Tokyo shares down

Tokyo shares down

Tokyo stocks closed lower Thursday with investors locking in profits as the yen strengthened and after heavy Wall Street losses fuelled by worries about rising interest rates. The benchmark Nikkei 225 index fell 1.56 percent, or 343.77 points, to close at
Published 02 Mar, 2018 12:00am
Short and longer-dated Treasury yields shrink

Short and longer-dated Treasury yields shrink

The spread between short- and longer-dated US Treasury yields shrank further on Wednesday after Federal Reserve Chairman Jerome Powell's optimistic outlook on the economy raised bets the US central bank may raise interest rates faster. Typical month-end b
Published 02 Mar, 2018 12:00am
Short and longer-dated Treasury yields shrink

Short and longer-dated Treasury yields shrink

The spread between short- and longer-dated US Treasury yields shrank further on Wednesday after Federal Reserve Chairman Jerome Powell's optimistic outlook on the economy raised bets the US central bank may raise interest rates faster. Typical month-end b
Published 02 Mar, 2018 12:00am
HK shares rebound

HK shares rebound

Hong Kong shares rebounded on Thursday after two days of sharp falls, with news regarding a probe into CEFC China Energy chairman had limited impact on market sentiment. CEFC Chairman Ye Jianming has been investigated for suspected economic crimes, a pers
Published 02 Mar, 2018 12:00am
China stocks soar

China stocks soar

China stocks recouped earlier losses to end higher on Thursday, after a private survey showed the country's factory growth rose to a six-month high in February. Sentiment also got underpinned by expectations Beijing tends to maintain stability in the fina
Published 02 Mar, 2018 12:00am
European shares dip as Carrefour, WPP results get frosty reception

European shares dip as Carrefour, WPP results get frosty reception

European shares slid on Thursday as a flurry of uninspiring earnings updates from retailer Carrefour and advertiser WPP kept the mood downbeat, while broader jitters over tightening monetary policy spilled over into a new month. The pan-European STOXX 600
Published 02 Mar, 2018 12:00am
Southeast Asia stocks edge lower on US rate rise fears

Southeast Asia stocks edge lower on US rate rise fears

Most Southeast Asian stock markets slipped on Thursday after Wall Street tumbled overnight on revived fears of more rate hikes than expected this year. Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the Fed, vowed at a c
Published 02 Mar, 2018 12:00am
FTSE dragged lower by WPP results, weak factory data

FTSE dragged lower by WPP results, weak factory data

UK shares fell on Thursday after advertising giant WPP reported its worst results since the financial crisis and a gauge of British factory activity fell to its weakest in eight months. Investors have been on edge in recent weeks over concerns that rising
Published 02 Mar, 2018 12:00am
Thursday's early trade: stocks wobble after Powell's comments

Thursday's early trade: stocks wobble after Powell's comments

Wall Street's main indexes swung between gains and losses on Thursday after Federal Reserve chair Jerome Powell said the central bank does not see strong evidence of wage inflation. In his second congressional testimony, Powell also said there is no evide
Published 02 Mar, 2018 12:00am
Renault-Nissan-Mitsubishi alliance to deepen ties

Renault-Nissan-Mitsubishi alliance to deepen ties

Renault, Nissan and Mitsubishi said Thursday they would deepen their alliance as they sought to cut costs and increase output and remain the world's top car manufacturing group. While the automakers have cooperated for some time in a number of areas, the
Published 02 Mar, 2018 12:00am
Equifax discovers another 2.4 million customers hit by data breach

Equifax discovers another 2.4 million customers hit by data breach

Equifax Inc, a provider of consumer credit scores, on Thursday said it found another 2.4 million US consumers hit by a data breach last year, bringing the total to 147.9 million. The company said the latest batch of consumers affected had their names and
Published 02 Mar, 2018 12:00am
Gazprom refuses to restart gas supplies to Ukraine

Gazprom refuses to restart gas supplies to Ukraine

New tensions between Moscow and Kiev flared Thursday after Russia's Gazprom said it will not restart gas supplies to Ukraine and Naftogaz accusing its counterpart of violating agreements. The March shipments would have become the first Russian supplies to
Published 02 Mar, 2018 12:00am
IMF chief sees growth, overheating, debt risks from US tax cuts
Exchange

IMF chief sees growth, overheating, debt risks from US tax cuts

International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a "complicated" US tax overhaul, including a near-term growth bump that risks overheating the US economy and a problematic rise in debt. Lagard
Published 02 Mar, 2018 12:00am
UK factory activity and consumer lending slow in early 2018

UK factory activity and consumer lending slow in early 2018

Britain's economy kept on its steady but slow course at the start of 2018, just over a year before the country is due to leave the European Union, as growth across factories cooled to an eight-month low and lending to consumers slowed. The IHS Markit/CIPS
Published 02 Mar, 2018 12:00am
Daimler takes sole control of car-sharing firm Car2Go Europe

Daimler takes sole control of car-sharing firm Car2Go Europe

German auto giant Daimler, owner of Mercedes-Benz, said Thursday it will take full ownership of car-sharing service Car2Go Europe, buying out its long-standing joint venture partner, Europcar. Daimler, which already owns 75 percent of Car2Go Europe, said
Published 02 Mar, 2018 12:00am
No sign US economy 'overheating': Powell

No sign US economy 'overheating': Powell

The US economy is showing no signs of overheating, so the job market can continue to tighten without generating troubling inflation, US central bank chief Jerome Powell said Thursday. After his comments highlighting the strengthening economy roiled financ
Published 02 Mar, 2018 12:00am
Ethiopia buys stake in Somaliland port

Ethiopia buys stake in Somaliland port

Ethiopia on Thursday acquired a stake in a port in the breakaway state of Somaliland, its operator DP World said, as a legal dispute rages over another major Horn of Africa shipping hub. Dubai-based DP World last week accused Djibouti of illegally seizing
Published 02 Mar, 2018 12:00am
Eurozone unemployment holds at nine-year low
Currency

Eurozone unemployment holds at nine-year low

Europe's economic recovery remains on track, with eurozone unemployment at its lowest level since December 2008, official figures showed Thursday. The EU's official statistics agency announced that the jobless rate in the single currency area stood at 8.6
Published 02 Mar, 2018 12:00am
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