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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-05-23
CBOT corn futures rise to two-week high

CBOT corn futures rise to two-week high

Chicago Board of Trade corn futures rose to two-week peaks on Monday on the easing of trade tensions between the United States and China, but the market settled near unchanged as buying interest faded. US Treasury Secretary Steven Mnuchin said on Sunday t
Published 23 May, 2018 12:00am
China's soyameal futures falls

China's soyameal futures falls

China's soyameal futures fell in early trade on Monday to their lowest in three months, as trade tension eased between the world's top two economies over the weekend. The most-active soyameal contract traded on the Dalian Commodity Exchange, for December
Published 23 May, 2018 12:00am
CBOT wheat futures fall due to rain in southern US Plains

CBOT wheat futures fall due to rain in southern US Plains

Chicago Board of Trade wheat futures fell for the first time in five sessions on Monday as rainy weather in the drought-hit southern US Plains was expected to raise crop prospects. Wheat was also pressured by a stronger dollar, which tends to make US grai
Published 23 May, 2018 12:00am
Light frosts seen in Brazil's corn areas

Light frosts seen in Brazil's corn areas

Light frosts were reported in some corn areas in southern Brazil on Monday as a cold front pushed through the country's center-south, while scattered rains during the weekend provided some relief for the cereal, although worries persist for cane. Accordin
Published 23 May, 2018 12:00am
Ivory Coast cocoa farmers confident on rains forecast

Ivory Coast cocoa farmers confident on rains forecast

Ivory Coast cocoa farmers are confident forecast rains will bolster the ongoing mid-crop harvest, despite below-average rainfall in the country's main growing regions last week. The mid-crop runs from April to September in Ivory Coast, which is the world'
Published 23 May, 2018 12:00am
European wheat futures little changed
Currency

European wheat futures little changed

European wheat futures finished little changed on Monday as weakness in Chicago dragged prices back after they climbed to the highest level in more than seven months. Benchmark December milling wheat, the most active contract on Paris-based Euronext, sett
Published 23 May, 2018 12:00am
Asian naphtha cracks rise

Asian naphtha cracks rise

Asia's naphtha cracks rose for a third straight session to reach $112.38 a tonne on Monday, the highest since January 2, pushed up by demand and stronger fundamentals in the gasoline sector. South Korea's Lotte Chemical emerged late last week to seek naph
Published 23 May, 2018 12:00am
CBOT soyabean futures rally as US-China trade tensions ease

CBOT soyabean futures rally as US-China trade tensions ease

Chicago Board of Trade soyabean futures rallied more than 2 percent on Monday after the United States and China agreed to drop tariff threats as they work on a wider trade agreement, traders said. US Treasury Secretary Steven Mnuchin said on Sunday that t
Published 23 May, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 159,064 tonnes of cargo comprising 115,837 tonnes of import cargo and 43,227 tonnes of export cargo including 7,775 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 11
Published 23 May, 2018 12:00am
Cotton market: Spot rate rises on lean business
Cotton

Cotton market: Spot rate rises on lean business

Slow business was witnessed on the cotton market on Tuesday as quality cotton remained in short supply, dealers said. The official spot rate was higher by Rs 100 to Rs 7500, they added. In the ready session, only one deal of 5311 bales from Ghotki reporte
Published 23 May, 2018 12:00am
China's Dalian iron ore futures plunge on technical selling

China's Dalian iron ore futures plunge on technical selling

China's Dalian iron ore futures fell more than 3 percent on Monday to their weakest level in two weeks due to technical selling and growing concerns that steel mills in the world's top producer may delay orders amid uncertainty about metal demand.
Published 23 May, 2018 12:00am
Dollar falls in Asia
Currency

Dollar falls in Asia

The dollar traded below a five-month high against a basket of currencies on Tuesday, catching its breath after a broad rally inspired by rising US bond yields and relief at an easing of US-China trade tensions. The dollar's index against a basket of six m
Published 23 May, 2018 12:00am
Dollar rally falters in European trade
Currency

Dollar rally falters in European trade

The dollar's rally faltered on Tuesday as Treasury yields dipped after a broad surge in the currency prompted by easing US-China trade tensions. The dollar's index against a basket of six major currencies last traded at 93.414, down from a five-month high
Published 23 May, 2018 12:00am
Dollar hits five-month peak in NY
Currency

Dollar hits five-month peak in NY

The dollar advanced to a five-month high against a basket of currencies on Monday, as news of a truce between the United States and China on trade tariffs prompted investors to pare back short positions on the greenback. Investors have been short the doll
Published 23 May, 2018 12:00am
Sri Lankan rupee slips
Currency

Sri Lankan rupee slips

The Sri Lankan rupee ended marginally weaker on Tuesday with dollar demand from importers surpassing mild selling of the US currency by exporters, dealers said. The spot rupee ended at 158.00/10 per dollar, compared with Monday's close of 157.85/95. "Ther
Published 23 May, 2018 12:00am
Most Asian currencies gain
Currency

Most Asian currencies gain

Most Asian currencies strengthened on Tuesday, as the dollar pulled back from the five-month high it touched the day before, as some investors took profit after recent gains. In the month ended on Monday, the greenback surged 5.4 percent against a basket
Published 23 May, 2018 12:00am
BD's interbank forex rates

BD's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 83.70-83.70 (Previous 83.70-83.70).
Published 23 May, 2018 12:00am
Canadian dollar up
Currency

Canadian dollar up

The Canadian dollar edged higher against its US counterpart on Tuesday, adding to Monday's rally as oil prices rose and domestic data showed a stronger-than-expected gain for wholesale trade. At 9:15 am EDT (1315 GMT), the Canadian dollar was trading 0.1
Published 23 May, 2018 12:00am
Yuan off four-month low
Currency

Yuan off four-month low

China's yuan edged up against the dollar on Tuesday, bouncing off a nearly four-month low hit the previous day helped by a slightly firmer midpoint and as the greenback's rally paused. Traders said that although the yuan gained from the dollar's consolida
Published 23 May, 2018 12:00am
Sterling trims early gains as caution sets in
Currency

Sterling trims early gains as caution sets in

Sterling trimmed earlier gains after hitting a one-week high against a broadly firm euro on Tuesday as a top central bank official's upbeat note on the outlook for future interest rate increases was met by some market scepticism. Currency investors were b
Published 23 May, 2018 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian dollar rose to a one-month top on Tuesday, boosted by surging prices for oil and on conciliatory talk by the United States and China on trade, while the New Zealand currency broke a five-session losing streak. The Aussie cracked above key c
Published 23 May, 2018 12:00am
Ratings agencies sound alarm as Turkey's lira tumbles
Currency

Ratings agencies sound alarm as Turkey's lira tumbles

A sell-off in Turkey's lira accelerated, as investors knocked the ailing currency to record lows after rating agencies sounded the alarm on Tuesday about plans by President Tayyip Erdogan to tighten his grip on monetary policy.
Published 23 May, 2018 12:00am
Emirates NBD boosts Dubai; Abu Dhabi, Saudi stocks up

Emirates NBD boosts Dubai; Abu Dhabi, Saudi stocks up

United Arab Emirates stocks led regional gains on Tuesday, with Dubai's market bolstered by a surge in Emirates NBD after it agreed to buy Turkish lender Denizbank for $3.2 billion. Emirates NBD has outperformed Dubai's market so far this year, rising 30.
Published 23 May, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo's benchmark Nikkei index fell on Tuesday, snapping a three-day winning streak, as investors locked in profits ahead of a series of political events surrounding North Korea. The benchmark Nikkei 225 index lost 0.18 percent, or 42.03 points, to 22,960
Published 23 May, 2018 12:00am
Wall Street rises on trade war truce; industrials lead

Wall Street rises on trade war truce; industrials lead

US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. US Treasury Secretary Steven Mnuchin's commen
Published 23 May, 2018 12:00am
Australian shares plunge

Australian shares plunge

Australian shares tumbled to a three-week low on Tuesday, led by bruised banks following admissions of misconduct by the country's biggest lenders in a powerful Royal Commission inquiry into the scandal-hit sector. The S&P/ASX 200 index fell 0.7 percent,
Published 23 May, 2018 12:00am
Treasuries steady ahead of new supply

Treasuries steady ahead of new supply

US Treasuries were steady on Monday as investors evaluated whether last week's selloff that sent benchmark yields to almost 7-year highs was overdone, and before demand for US debt will be tested by new supply. The Treasury will sell $99 billion in short
Published 23 May, 2018 12:00am
Treasuries steady ahead of new supply

Treasuries steady ahead of new supply

US Treasuries were steady on Monday as investors evaluated whether last week's selloff that sent benchmark yields to almost 7-year highs was overdone, and before demand for US debt will be tested by new supply. The Treasury will sell $99 billion in short
Published 23 May, 2018 12:00am
Sri Lankan shares move higher
Currency

Sri Lankan shares move higher

Sri Lankan shares closed slightly stronger on Tuesday, driven by telecom stocks and as foreign investors continued to buy the island nation's equities. However, investors were cautious as they waited for some cues about the real impacts of floods, brokers
Published 23 May, 2018 12:00am
Indian shares surge

Indian shares surge

Indian shares ended slightly higher on uesday, driven by gains in Dr. Reddy's Laboratories Ltd and State Bank of India (SBI) following their quarterly results. The broader NSE index closed 0.19 percent higher at 10,536.70, while the benchmark BSE index ed
Published 23 May, 2018 12:00am
Shanghai stocks flat

Shanghai stocks flat

Shanghai stocks erased early losses to end flat on Tuesday, amid signs of easing trade tensions, after the United States and China are said to be nearing a deal to settle ZTE controversy. The blue-chip CSI300 index fell 0.4 percent, to 3,906.21 points, wh
Published 23 May, 2018 12:00am
European shares rise as Italy recovers

European shares rise as Italy recovers

European shares touched their highest level since the start of February on Tuesday as automaker and bank stocks climbed and Italian shares recovered as the anti-establishment coalition's government formation process stalled. The pan-European STOXX 600 ros
Published 23 May, 2018 12:00am
Most South East Asian stocks decline; Vietnam down 2.9 percent
Currency

Most South East Asian stocks decline; Vietnam down 2.9 percent

Most Southeast Asian stock markets fell on Tuesday, with Vietnam shedding 2.9 percent, as a strong dollar crimped demand for emerging-market assets. The dollar hovered near a five-month high against a basket of currencies, boosted by easing US-China trade
Published 23 May, 2018 12:00am
FTSE posts new highs, sets sight on 8,000 points

FTSE posts new highs, sets sight on 8,000 points

The UK's top share index ventured further into new unchartered highs on Tuesday as shares in financials and miners rose further, triggering anticipations it could soon reach the 8,000 points benchmark. The blue chip FTSE 100 index closed up 0.2 percent an
Published 23 May, 2018 12:00am
Sony buys EMI Music Publishing in $1.9 billion deal

Sony buys EMI Music Publishing in $1.9 billion deal

Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams. The deal adds a catalogue of more than two million songs - inc
Published 23 May, 2018 12:00am
Americans report stronger finances in Trump's first year: Fed

Americans report stronger finances in Trump's first year: Fed

The share of Americans who report they are doing "at least okay" financially rose in President Donald Trump's first year in office, according to Federal Reserve data published on Tuesday. The data was in line with other readings detailing America's long r
Published 23 May, 2018 12:00am
China to cut auto tariffs on July 1

China to cut auto tariffs on July 1

China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States. Beijing has announced a flurry of liberalisations and reforms since coming under fire from the Trump admini
Published 23 May, 2018 12:00am
US banks' quarterly profit jumps 27.5 percent

US banks' quarterly profit jumps 27.5 percent

US banks reported $56 billion in profits in the first quarter, up 27.5 percent from a year earlier, as institutions began to take advantage of a lower effective tax rate, the Federal Deposit Insurance Corporation (FDIC) reported Tuesday. Over 70 percent o
Published 23 May, 2018 12:00am
US lawmakers denounce purported ZTE deal

US lawmakers denounce purported ZTE deal

The United States and China have a tentative deal to save embattled Chinese telecom company ZTE, days after the two nations announced a truce in their trade standoff, The Wall Street Journal reported Tuesday. The report sparked an immediate negative react
Published 23 May, 2018 12:00am
UK watchdog tells banks to fight cybercrime with innovative tech

UK watchdog tells banks to fight cybercrime with innovative tech

Banks and other financial firms have rejected over a million new customers and cut off 370,000 existing ones due to financial crime concerns, Britain's Financial Conduct Authority said on Tuesday. The watchdog published findings from its first annual fina
Published 23 May, 2018 12:00am
French public sector workers strike against Macron's reforms

French public sector workers strike against Macron's reforms

From air traffic controllers and street sweepers to librarians and teachers, French public-sector employees joined rail workers in striking Tuesday to protest reforms planned by President Emmanuel Macron, calling them an "attack" against civil services an
Published 23 May, 2018 12:00am
Macron lays out 'new method' to tackle urban poverty

Macron lays out 'new method' to tackle urban poverty

President Emmanuel Macron outlined what he called a "new method" for improving lives in neglected and poverty-wracked areas of French cities on Tuesday after a series of shockingly violent incidents thrust urban crime into the spotlight. From thousands of
Published 23 May, 2018 12:00am
Bangladesh hire Kirsten to find new coach

Bangladesh hire Kirsten to find new coach

South African great Gary Kirsten, who coached India to World Cup success, said Tuesday he is helping rudderless Bangladesh quickly to find a coach ahead of a looming tour. Bangladesh have not had a coach since Sri Lankan Chandika Hathurusingha stepped dow
Published 23 May, 2018 12:00am
Sri Lanka hikes cricket wages by 34 percent

Sri Lanka hikes cricket wages by 34 percent

Sri Lanka's cricket board on Tuesday increased wages for national players by more than a third after making record profits in 2017. A total of 33 players under contract to Sri Lanka Cricket will also see match fees increase substantially despite dismal re
Published 23 May, 2018 12:00am
Marksman Icardi misses out as Argentina name World Cup squad

Marksman Icardi misses out as Argentina name World Cup squad

Mauro Icardi, the joint top goalscorer in Italy's Serie A this season, was left out of Argentina's World Cup squad on Monday as coach Jorge Sampaoli named his 23 players for next month's tournament in Russia. Sampaoli named just four forwards in his squad
Published 23 May, 2018 12:00am
Ukraine accuses 35 football clubs of match-fixing

Ukraine accuses 35 football clubs of match-fixing

Ukraine on Tuesday accused 35 football clubs of being involved in a match fixing operation than earned organisers millions of dollars a year. Police said two-thirds of all teams in Ukraine's top divisions took part. Neither perennial champions Dynamo Kyiv
Published 23 May, 2018 12:00am
Bess eager to make most of England Test chance

Bess eager to make most of England Test chance

Dom Bess has insisted the prospect of playing his first match at Lord's in a Test for England won't get the better of him. The closest the 20-year-old off-spinner has got to a game at the 'home of cricket' was when he was 12th man for visitors Somerset in
Published 23 May, 2018 12:00am
Japanese American footballer sorry after late tackle goes viral

Japanese American footballer sorry after late tackle goes viral

A Japanese university player of American football, who injured an opponent with a dangerous late tackle that has become front-page news, apologised in a televised press conference Tuesday but said his coaches ordered the hit.
Published 23 May, 2018 12:00am
Spain coach Lopetegui extends contract to 2020

Spain coach Lopetegui extends contract to 2020

Spain coach Julen Lopetegui has extended his contract until 2020 in a pre-World Cup boost for one of the tournament favourites. "We are going to sign a contract for two additional years," said the president of the Spanish football federation (RFEF), Luis
Published 23 May, 2018 12:00am
Kane named England's World Cup captain

Kane named England's World Cup captain

Tottenham striker Harry Kane will be England's captain at the World Cup in Russia, the Football Association announced on Tuesday. Manager Gareth Southgate has shared the leadership role around since taking over as manager in 2016 but has now settled on Ka
Published 23 May, 2018 12:00am
IS attack in Syria desert kills 26 pro-regime forces

IS attack in Syria desert kills 26 pro-regime forces

More than two dozen pro-government forces based in Syria's desert died in a surprise Islamic State group attack Tuesday, a day after the jihadists' ouster from the outskirts of Damascus, a monitor said. "At least 26 regime soldiers and allied forces were
Published 23 May, 2018 12:00am
Syria police deploy in south Damascus after IS defeat

Syria police deploy in south Damascus after IS defeat

Syrian police deployed across devastated districts in southern Damascus on Tuesday, according to state media, a day after the government captured the area from the Islamic State group. The government on Monday seized the Yarmuk Palestinian camp and adjace
Published 23 May, 2018 12:00am
Technology 'Nobel' awarded to Finnish physicist for small smart devices

Technology 'Nobel' awarded to Finnish physicist for small smart devices

Finnish materials physicist Tuomo Suntola, who developed a groundbreaking technology to reduce the size of complex devices, on Tuesday won Finland's take on the Nobel science prizes. The 74-year-old was awarded the Millennium Technology Prize worth one mi
Published 23 May, 2018 12:00am
'I'm sorry', Facebook boss tells European lawmakers
Kerb

'I'm sorry', Facebook boss tells European lawmakers

Facebook chief Mark Zuckerberg apologised to the European Parliament on Tuesday and said the social media giant is taking steps to prevent a repeat of a massive breach of users' personal data. Zuckerberg also pledged to keep investing in Europe as he made
Published 23 May, 2018 12:00am
Watchdog urges Russia world cup opening boycott over Syria

Watchdog urges Russia world cup opening boycott over Syria

World leaders should boycott Russian President Vladimir Putin's VIP box at next month's World Cup opening unless he takes steps to protect Syrian civilians, Human Rights Watch said Tuesday. Russia, which hosts the world's most-watched sporting event for t
Published 23 May, 2018 12:00am
Indian police kill 12 in protest over copper plant

Indian police kill 12 in protest over copper plant

Indian police on Tuesday killed 12 demonstrators after opening fire on thousands of people demanding the closure of a copper factory due to pollution concerns, a police officer said. Protesters rampaged for hours in the southern state of Tamil Nadu callin
Published 23 May, 2018 12:00am
Palestinians urge immediate ICC probe into 'Israeli war crimes'

Palestinians urge immediate ICC probe into 'Israeli war crimes'

The Palestinian foreign minister on Tuesday called on the International Criminal Court (ICC) "to open an immediate investigation" into allegations of war crimes and apartheid against the Palestinian people. Amid rising tensions with Israel, Palestinian fo
Published 23 May, 2018 12:00am
Israel says first to use F-35 stealth fighter jets in combat

Israel says first to use F-35 stealth fighter jets in combat

The Israeli military has used its newly acquired F-35 stealth fighters in combat, making it the world's first to do so, the air force commander said Tuesday. "The Adir aircraft are already operational and flying combat missions," Major General Amikam Nork
Published 23 May, 2018 12:00am
Venezuela accuses US of 'political and financial lynching'

Venezuela accuses US of 'political and financial lynching'

Venezuela said Tuesday it was the victim of a "political and financial lynching" after the United States tightened sanctions on Caracas over Nicolas Maduro's re-election. President Donald Trump ratcheted up the pressure on Maduro on Monday following what
Published 23 May, 2018 12:00am
Suicide attack kills two in Libya

Suicide attack kills two in Libya

A suicide attack Tuesday against a checkpoint in eastern Libya killed at least two militiamen loyal to strongman Khalifa Haftar, a security source said. The attack south of the city of Ajdabiya comes after the Islamic State group claimed a string of deadl
Published 23 May, 2018 12:00am
Rebel rocket fire kills five in Yemen

Rebel rocket fire kills five in Yemen

Rockets fired by Yemen's Huthi rebels killed five people and wounded 18 early Tuesday as they struck a residential area in government stronghold Marib, medical sources said. State-run news agency Saba gave the same death toll, but reported that 22 people
Published 23 May, 2018 12:00am
53 injured as Saudi jet makes emergency landing

53 injured as Saudi jet makes emergency landing

A Saudi Arabian Airlines Airbus A330 jet made an emergency landing in the western Red Sea city of Jeddah, injuring 53 people, aviation officials said on Tuesday. The Saudia aircraft was travelling from the Muslim holy city of Medina to Dhaka with 151 peop
Published 23 May, 2018 12:00am
Foreign media head to North Korea to see nuclear site destruction

Foreign media head to North Korea to see nuclear site destruction

Foreign journalists headed to North Korea on Tuesday to watch the promised destruction of its nuclear test site, a move seen as a goodwill gesture before a planned summit with the United States. Reporters from China, the US and Russia departed on a charte
Published 23 May, 2018 12:00am
Trump says Kim summit could be delayed

Trump says Kim summit could be delayed

US President Donald Trump warned Tuesday his landmark summit with Kim Jong Un may not take place as planned, but stressed he believes the inscrutable North Korean leader is "serious" about denuclearization. Hosting South Korean President Moon Jae-in at th
Published 23 May, 2018 12:00am
Lead hits 2-1/2 months peak on tightness, zinc ratio activity

Lead hits 2-1/2 months peak on tightness, zinc ratio activity

Lead prices touched their highest in 2-1/2 months on Tuesday, supported by concern over potential shortages and as investors sold zinc and bought lead. Environmental inspections at secondary lead smelters in China have reduced supply in recent months, ana
Published 23 May, 2018 12:00am
Over $40 million of fuel stolen from Shell refinery

Over $40 million of fuel stolen from Shell refinery

Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell's oil refinery in the city-state, raising the value of the stolen fuel to over $40 million from around $10 million in earlier charges, according t
Published 23 May, 2018 12:00am
Oil jumps back above $80/bbl on mounting supply concerns

Oil jumps back above $80/bbl on mounting supply concerns

Brent crude oil jumped 1.5 percent to above $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply. Brent crude futures rose $1.19 to $80.41 a barrel,
Published 23 May, 2018 12:00am
Rubber slips from four-month high

Rubber slips from four-month high

Benchmark Tokyo rubber futures ended lower on Tuesday, after hitting a nearly four-month high earlier in the session, as investors locked in profits from the recent rally while Shanghai futures pared early gains. The Tokyo Commodity Exchange (TOCOM) rubbe
Published 23 May, 2018 12:00am
Malaysian palm oil hits six-week peak
Vegetable Oil

Malaysian palm oil hits six-week peak

Malaysian palm oil futures climbed to a six-week high in evening trade on Tuesday, charting a third session of gains in four, tracking overnight strength in US soyaoil and crude oil prices. The benchmark palm oil contract for August delivery on the Bursa
Published 23 May, 2018 12:00am
Raw sugar climbs on India buffer stocks plan

Raw sugar climbs on India buffer stocks plan

Raw sugar futures on ICE extended gains to reach the highest in more than five weeks on Tuesday, with the market underpinned by news that No. 2 grower India could build up government stockpiles of the sweetener in a move that could curb exports. July raw
Published 23 May, 2018 12:00am
Gold hits 2018 low in New York

Gold hits 2018 low in New York

Gold on Monday marked a new low for the year to date after US Treasury Secretary Steven Mnuchin's declaration that a trade war between China and the United States was "on hold" helped boost appetite for higher-risk assets, such as stocks. Buoyancy in US T
Published 23 May, 2018 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices dipped slightly on Tuesday, hovering not far off a 2018 low struck in the previous session as a firm dollar near five-month highs and optimism in global markets curbed appetite for the precious metal. Spot gold was down 0.2 percent at $1,290 p
Published 23 May, 2018 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Tuesday from a 2018 low as the dollar fell from its five-month high, although risk appetite in the broader financial markets kept the metal's gains in check. The dollar lost momentum following a rally prompted by rising US bond yields and
Published 23 May, 2018 12:00am
US MIDDAY: wheat rallies

US MIDDAY: wheat rallies

US wheat futures surged more than 3 percent on Tuesday on technical buying and crop production concerns due to dry weather in the US Plains wheat belt and other major production areas around the globe. Corn futures advanced on spillover support from wheat
Published 23 May, 2018 12:00am
US MIDDAY: gold stabilises

US MIDDAY: gold stabilises

Gold steadied just above a 2018 low on Tuesday as the US dollar fell from a five-month high, although risk appetite in the broader financial markets kept the metal's gains in check. The dollar lost momentum after a rally sparked by rising US bond yields a
Published 23 May, 2018 12:00am
Rs 227 billion outstanding against power consumers, PAC told

Rs 227 billion outstanding against power consumers, PAC told

Power consumers across the country default Rs 227 billion of various power distribution companies as a result of the failure of Power Division, Ministry of Energy. Senior officials of the Power Division, Ministry of Energy, while briefing the Public Accou
Published 23 May, 2018 12:00am
Bolan Casting Limited
Currency

Bolan Casting Limited

Bolan Casting (PSX: BCL) is in the business of manufacturing castings for tractors and automotive parts. The company was incorporated in 1982 by the Pakistan Automobile Corporation (PACO) under the administration of Ministry of Production. The plant locat
Published 23 May, 2018 12:00am
Bolan Casting Limited
Currency

Bolan Casting Limited

Bolan Casting (PSX: BCL) is in the business of manufacturing castings for tractors and automotive parts. The company was incorporated in 1982 by the Pakistan Automobile Corporation (PACO) under the administration of Ministry of Production. The plant locat
Published 23 May, 2018 12:00am
PU, MILLS Skills sign MoU for skills development

PU, MILLS Skills sign MoU for skills development

Punjab University and MILLS Skills have signed a memorandum of understanding for skills development and would conduct awareness and assessment activities. In this regard, an MoU signing ceremony was organized at Vice Chancellor's office here on Tuesday. P
Published 23 May, 2018 12:00am
Chinese Luban workshop to open on June 18

Chinese Luban workshop to open on June 18

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh said on Tuesday that Pakistan's first, world's sixth Chinese Luban Workshop will be inaugurated on June 18. While addressing at a meeting held at TEVTA Secretariat
Published 23 May, 2018 12:00am
Steps afoot for women's economic empowerment: Dr Ayesha

Steps afoot for women's economic empowerment: Dr Ayesha

Punjab Finance Minister Dr Ayesha Ghaus Pasha has said that the provincial government is taking steps for economic empowerment of women. While addressing a two-day workshop on "Punjab Capital Investment Project" organised by joint technical mission of Wor
Published 23 May, 2018 12:00am
PHA BoD reorganised

PHA BoD reorganised

The Board of Directors (BoD) of Parks & Horticulture Authority (PHA) has adopted Lord Mayor of Lahore Colonel Mubashir Javaid (r) as its member. The Board has convened its meeting on coming Thursday after its reorganization. Both the financial and adminis
Published 23 May, 2018 12:00am
PINS providing modern medical facilities to patients

PINS providing modern medical facilities to patients

Post Graduate Medical Institute (PGMI) Principal Prof Ghias un Nabi Tayyab has said the Punjab Institute of Neuro Sciences (PINS) is extending modern medical facilities to the patients especially in the field of neuro. In the state-of-the-art PINS buildin
Published 23 May, 2018 12:00am
Punjab's role towards expats' welfare lauded

Punjab's role towards expats' welfare lauded

Vice Chairperson Overseas Pakistanis Commission (OPC) Punjab Senator Shaheen Khalid Butt and Commissioner Afzaal Bhatti have said that Punjab government should be commended for its proactive approach towards welfare of Pakistanis living abroad. Overseas P
Published 23 May, 2018 12:00am
DCL in sweet spot to gain cement share of Bhasha Dam

DCL in sweet spot to gain cement share of Bhasha Dam

Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general and the construction of Diamer-Bhasha Dam approved by the federal government in particular.
Published 23 May, 2018 12:00am
Ijazul Haq meets Chaudhry brothers

Ijazul Haq meets Chaudhry brothers

Muslim League Zia Chief Ijazul Haq, MNA, called on Pakistan Muslim League-Q (PML-Q) President Ch Shujat Hussain and senior leader Ch Parvez Elahi at their residence on Tuesday and discussed political issues. During the meeting, views were exchanged about
Published 23 May, 2018 12:00am
PHF to provide interest-free loans to doctors

PHF to provide interest-free loans to doctors

The Punjab Health Foundation's Board of Directors Tuesday approved a scheme through which the Foundation will offer interest-free loans of Rs 2.5 million to the doctors of specialized as well as primary and secondary healthcare.
Published 23 May, 2018 12:00am
PFA seals four food businesses in Lahore

PFA seals four food businesses in Lahore

The Punjab Food Authority (PFA) sealed four food businesses including two restaurants in posh areas of Lahore, here on Tuesday on the charges of flouting hygiene rules. According to details, food safety team under the supervision of food safety officer ca
Published 23 May, 2018 12:00am
Fire mishap: Furniture retailers seek compensation for losses

Fire mishap: Furniture retailers seek compensation for losses

Pakistan Furniture Council (PFC) expressing his solidarity with furniture retailers for their loss worth millions of rupees due to the burning of their shops to ashes on Ferozpur Road demanded the government to pay compensation for the losses due to the f
Published 23 May, 2018 12:00am
Haier launches blue turbo series refrigerators

Haier launches blue turbo series refrigerators

Pakistan has a growing economy with constantly improving numbers. As a result, an increasing number of Pakistani families have more disposal incomes giving them the opportunity to spend more on family health and a higher standard of living. Keeping food f
Published 23 May, 2018 12:00am
Rs 64.6 million cheque handed over to PRCL

Rs 64.6 million cheque handed over to PRCL

The NAB Lahore Director General handed over a cheque amounting to Rs 64.6 million to an official from Pakistan Reinsurance Company Limited (PRCL). The amount was recovered from accused CEO Zahood Ahmed and Management of M/s Pakistan General Insurance Comp
Published 23 May, 2018 12:00am
Kidney transplantation at PKLI soon: Shahbaz

Kidney transplantation at PKLI soon: Shahbaz

Terming the Pakistan Kidney & Liver Transplant Institute (PKLI) as a role model project, the Punjab Chief Minister Muhammad Shahbaz Sharif said that efforts are being made to start kidney transplantation there as soon as possible. Chairing a high-level me
Published 23 May, 2018 12:00am
Okara DHQ Hospital: Shahbaz opens cardiac block, hepatitis clinic

Okara DHQ Hospital: Shahbaz opens cardiac block, hepatitis clinic

Punjab Chief Minister Shahbaz Sharif on Tuesday said the country can be transformed into a Pakistan of Quaid-e-Azam and Allama Iqbal through indiscriminate process of accountability. "I would request the Supreme Court, NAB and other institutions to make t
Published 23 May, 2018 12:00am
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