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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-05-25
Nikkei index down for third straight session

Nikkei index down for third straight session

Tokyo's benchmark Nikkei index fell for the third consecutive session on Thursday, with automakers battered by news that Washington was considering possible tariffs on automobile imports. The Nikkei 225 index dropped 1.11 percent, or 252.73 points, to 22,
Published 25 May, 2018 12:00am
HEC to release Rs 11.15 million to PU for BIC

HEC to release Rs 11.15 million to PU for BIC

Higher Education Commission of Pakistan and Punjab University have signed an agreement whereby HEC will release Rs 11.15 million to PU for the development of newly established Business Incubation Centre (BIC) at Institute of Business Administration. In th
Published 25 May, 2018 12:00am
Shahbaz awards Rs 100,000 to SSP Lahore

Shahbaz awards Rs 100,000 to SSP Lahore

Punjab Chief Minister Shahbaz Sharif has awarded Rs 100,000 cash prize and a commendatory certificate to Senior Superintendent of Police (Operations) Lahore Muntazir Mehdi for showing good performance. In a statement issue on Thursday, Capital City Police
Published 25 May, 2018 12:00am
ANF seizes drugs worth Rs 2.28 billion across country

ANF seizes drugs worth Rs 2.28 billion across country

In continuation to its efforts to make Pakistan a drug free country and zero-tolerance against narcotics, the Anti Narcotics Force Pakistan seized 3 tons narcotics valuing Rs 2.28 billion in international markets, arrested 22 persons involved in drug smug
Published 25 May, 2018 12:00am
Pakistan wants peaceful co-existence with all countries: Naval Chief

Pakistan wants peaceful co-existence with all countries: Naval Chief

Chief of the Naval Staff Admiral Zafar Mahmood Abbasi said that Pakistan is a peace loving country and wants harmonious and peaceful co-existence with all countries. "However, we cannot be oblivious to the threats to our sovereignty and national security,
Published 25 May, 2018 12:00am
LHC grants bail to ex-MPA

LHC grants bail to ex-MPA

A division bench of the Lahore High Court on Thursday granting interim bail to former MPA and former head of Lahore Parking Company Hafiz Noman restrained National Accountability Bureau (NAB) from arresting him. Advocate Sad Manzoor Butt representing Hafi
Published 25 May, 2018 12:00am
Rs 500 million earmarked for PHEC

Rs 500 million earmarked for PHEC

The Punjab government has allocated Rs 500 million in the year 2018-19 for strengthening of Punjab Higher Education Commission (PHEC) and to achieve its goals of excellence in higher education in Punjab.
Published 25 May, 2018 12:00am
Women leadership programme launched

Women leadership programme launched

The Pakistan Regional Economic Integration Activity (PREIA) has launched the "Women Leadership in Trade Policy (WTLP)" programme to enable the potential leaders from both private and public sectors to develop themselves as advocates for gender inclusive t
Published 25 May, 2018 12:00am
'No tobacco day' observed at UoF

'No tobacco day' observed at UoF

To mark the world no tobacco day a seminar was organized by the Department of Community Medicine in The University of Faisalabad. In his key note address, Prof Dr Zahid Masood, Head, Department of Community Medicine, spoke about the effects of tobacco on
Published 25 May, 2018 12:00am
Online job portal for women launched in Punjab

Online job portal for women launched in Punjab

In yet another step towards empowering women, the Punjab government on Thursday launched an online job portal titled "Job Asaan-Employment Facilitation Hub for Women" for female job-seekers to create a safe space for the womenfolk with higher education to
Published 25 May, 2018 12:00am
FCCI chief voices concern over non-registered charity organizations

FCCI chief voices concern over non-registered charity organizations

Pakistan is one of a leading charity donating country that has necessitated a transparent and well regulated system for its recipients in order to achieve the objectives of the charity. Shabbir Hussain Chawla, President Faisalabad Chamber of Commerce & In
Published 25 May, 2018 12:00am
Anti-judiciary rally: LHC seeks prosecution witnesses by May 29

Anti-judiciary rally: LHC seeks prosecution witnesses by May 29

A full bench of the Lahore High Court sought prosecution witnesses by May 29 in contempt of court proceedings against PML-N MNA Waseem Akhtar, MPA Naeem Safdar, municipal chairman Ayaz Khan, Vice-chairman Ahmad Latif, Nasir Khan, Jamil Khan.
Published 25 May, 2018 12:00am
Dr Lau to discuss book on Jinnah today at ITU

Dr Lau to discuss book on Jinnah today at ITU

The Information Technology University (ITU) the Punjab's Centre of Governance and Policy is holding a panel discussion on Book "Muhammad Ali Jinnah and the Case of the missing Constitution" by Dr Martin Wilhelm Lau on Friday.
Published 25 May, 2018 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold prices surged on Thursday, propelled above $1,300 per ounce as the US dollar faded after US President Donald Trump called off a summit with North Korea, stoking political tensions. Trump cancelled the meeting with Kim Jong Un, planned for June 12, ev
Published 25 May, 2018 12:00am
US MIDDAY: wheat hits 10-month peak

US MIDDAY: wheat hits 10-month peak

US wheat futures jumped to 10-month peaks on Thursday on fund buying and technical buying as dry conditions in the US Plains and other major growing belts around the world raised harvest risks. Soyabeans slipped from three-week highs as hedge-related sell
Published 25 May, 2018 12:00am
Gold surges in Europe

Gold surges in Europe

Gold prices surged on Thursday, propelled above $1,300 per ounce after US President Donald Trump called off a summit with North Korea, stoking political tensions. Trump cancelled the meeting with Kim Jong Un, planned for June 12, even after North Korea fo
Published 25 May, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices on Thursday held gains from the previous session, buoyed as the dollar extended losses after minutes of the latest US Federal Reserve meeting hinted at a dovish approach to interest rate hikes. Spot gold had edged up 0.1 percent to $1,293.93 p
Published 25 May, 2018 12:00am
Gold moves up in New York

Gold moves up in New York

Gold prices rose on Wednesday as the US dollar backed off its highs against a basket of currencies while investors interpreted minutes from the US Federal Reserve's latest policy meeting as dovish. Most Federal Reserve policymakers thought it likely anoth
Published 25 May, 2018 12:00am
Sugar at eight-week highs as truckers strike in Brazil

Sugar at eight-week highs as truckers strike in Brazil

Sugar futures on ICE extended gains to eight-week highs on Thursday, while coffee prices rose modestly, buoyed in part by a truck drivers' strike in top grower Brazil that could reduce the flow of exports. The New York and London softs markets will shut f
Published 25 May, 2018 12:00am
Malaysian palm oil rises to seven-week peak
Vegetable Oil

Malaysian palm oil rises to seven-week peak

Malaysian palm oil futures rose to a seven-week high on Thursday evening, tracking gains in US soyaoil and supported by a weaker ringgit. Palm oil prices typically rise on a weaker ringgit, its currency of trade, because it makes the edible oil cheaper fo
Published 25 May, 2018 12:00am
Rubber slip

Rubber slip

Benchmark Tokyo rubber futures closed lower on Thursday on renewed trade tensions after Washington launched a national security probe into auto imports and US President Donald Trump's comments suggested setbacks in their talks with China. The Tokyo Commod
Published 25 May, 2018 12:00am
Oil slips further below $80/bbl on talk OPEC may lift output

Oil slips further below $80/bbl on talk OPEC may lift output

Oil prices fell on Thursday, with expectations building that reduced supplies from Venezuela and Iran could prompt OPEC to wind down output cuts in place since the start of 2017. Brent crude futures fell 55 cents to $79.25 a barrel, a 0.7 percent loss, by
Published 25 May, 2018 12:00am
Lead hits highest since late February, copper rises

Lead hits highest since late February, copper rises

Lead hit its highest in nearly three months on Thursday as a plunge in available LME warehouse stocks fed into this week's price rally, while copper edged up after the previous session's sharp losses. Lead is the biggest riser among industrial metals this
Published 25 May, 2018 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai copper prices snapped a five-day winning streak to end lower on Thursday, after US President Donald Trump said any trade deal with China would "need a different structure" and Washington launched a probe into auto imports that could lead to new t
Published 25 May, 2018 12:00am
Trump cancels Singapore summit with Kim

Trump cancels Singapore summit with Kim

US President Donald Trump informed Kim Jong Un Thursday he was cancelling their nuclear summit next month in Singapore, blaming "anger" and "hostility" from the North Korean regime for the spectacular collapse of the historic event. In a letter to Kim, Tr
Published 25 May, 2018 12:00am
Israel to build 2,500 more settler homes in occupied West Bank

Israel to build 2,500 more settler homes in occupied West Bank

Israel said Thursday it will give final approval to the construction of 2,500 new homes in the occupied West Bank, the first tranche of settlements since the controversial US embassy move to Jerusalem. The announcement was slammed by the Palestinians, as
Published 25 May, 2018 12:00am
Israeli court approves razing West Bank Bedouin village

Israeli court approves razing West Bank Bedouin village

Israel's supreme court ruled Thursday in favour of demolishing a Palestinian Bedouin village in the occupied West Bank, despite a campaign by European governments to save it. Campaigners said the hearing had been the final appeal open to the village of Kh
Published 25 May, 2018 12:00am
Iran still implementing nuclear deal: IAEA

Iran still implementing nuclear deal: IAEA

Iran is still implementing the 2015 accord over its nuclear programme, just weeks after Washington ditched the accord, according to a report by the UN's nuclear watchdog. The International Atomic Energy Agency report, seen by AFP Thursday, shows that Iran
Published 25 May, 2018 12:00am
Venezuela's Maduro sworn in for second six-year term

Venezuela's Maduro sworn in for second six-year term

Venezuela's Nicolas Maduro was sworn in Thursday for a second term as president of the crisis-wracked Latin American country, just days after winning an election boycotted by the opposition and decried abroad. Maduro swore "to respect and enforce the Cons
Published 25 May, 2018 12:00am
US wasted billions in failed Afghan stabilization efforts

US wasted billions in failed Afghan stabilization efforts

The United States wasted billions of dollars trying to stabilize fragile parts of Afghanistan from 2001-2017 and some efforts caused more harm than good, a US government watchdog said Thursday. A report by the office of the Special Inspector for Afghanist
Published 25 May, 2018 12:00am
Pentagon denies reports US-led strike hit Syrian regime

Pentagon denies reports US-led strike hit Syrian regime

The Pentagon denied reports Thursday that the US-led coalition had killed at least 12 pro-regime fighters in Syria. "These reports are false, the coalition did not strike any Syrian army positions in eastern Syria," Pentagon spokesman Lieutenant Colonel K
Published 25 May, 2018 12:00am
Five dead in Baghdad cafe suicide bombing

Five dead in Baghdad cafe suicide bombing

At least five people were killed and several others wounded when a suicide bomber struck a cafe in Baghdad, police said Thursday, in a pre-dawn attack claimed by the Islamic State group. "A suicide bomber blew up his explosive belt while he was surrounded
Published 25 May, 2018 12:00am
Taiwan leader lashes China after Burkina Faso cuts ties

Taiwan leader lashes China after Burkina Faso cuts ties

Taiwan's President Tsai Ing-wen lashed out at China on Thursday after Burkina Faso broke diplomatic ties with the island, the second country to do so this month. The move, which has been welcomed by China, comes after the Dominican Republic switched recog
Published 25 May, 2018 12:00am
UN chief calls for 'total elimination' of nuclear weapons

UN chief calls for 'total elimination' of nuclear weapons

The UN chief said Thursday the "total elimination" of nuclear weapons remained a UN priority, warning against a burgeoning new arms race. In a speech to students at Geneva University, Antonio Guterres presented a new disarmament agenda to face challenges
Published 25 May, 2018 12:00am
Families from 8 countries sue EU over climate change

Families from 8 countries sue EU over climate change

Ten families from Europe, Kenya, and Fiji have filed suit against the European Union, seeking to limit global warming's threats to their homes and livelihoods, their lawyers said Thursday. They insist the bloc must do more to limit climate change caused b
Published 25 May, 2018 12:00am
Macron in Russia for high-stakes talks with Putin

Macron in Russia for high-stakes talks with Putin

French President Emmanuel Macron met his Russian counterpart Vladimir Putin on Thursday outside Saint Petersburg, with the Iran nuclear deal as well as conflicts in Syria and Ukraine on the agenda. The trip is Macron's first to Russia as president and fol
Published 25 May, 2018 12:00am
Pakistan pounce as England's top-order exposed again

Pakistan pounce as England's top-order exposed again

Pakistan pacemen Mohammad Abbas and Hasan Ali took four wickets apiece as England suffered yet another top-order collapse at Lord's on Thursday. Hopes that a return home and a rejigged top-order picked by new national selector Ed Smith would help rid Engl
Published 25 May, 2018 12:00am
Monaco Grand Prix: records tumble as Riccardo and Red Bull dominate

Monaco Grand Prix: records tumble as Riccardo and Red Bull dominate

Record-breaking Daniel Ricciardo made it a "double top" for Red Bull on Thursday when he and team-mate Max Verstappen dominated second practice for the Monaco Grand Prix. The Australian lapped the unforgiving steel-lined streets of the Mediterranean princ
Published 25 May, 2018 12:00am
Iniesta joins Vissel Kobe in historic Japan deal

Iniesta joins Vissel Kobe in historic Japan deal

Barcelona legend Andres Iniesta joined Japan's Vissel Kobe on Thursday, calling his J-League move an "important career challenge". "This is a very special day for me," the 34-year-old World Cup winner said after signing his contract at a glitzy unveiling
Published 25 May, 2018 12:00am
Directorate Ramazan Sports Festival from June 1

Directorate Ramazan Sports Festival from June 1

Directorate of Sports under the ages of District Sports Officer will organize Ramazan Sports Festival under the light at different venues. District Sports Officer Jamshed Baloch, Jamshed Baloch said that as desired by Director General Sports Junaid Khan a
Published 25 May, 2018 12:00am
Ireland's Ed Joyce retires from cricket

Ireland's Ed Joyce retires from cricket

Dual international Ed Joyce on Thursday announced his retirement from all forms of cricket less than a fortnight after realising his dream of playing a Test for Ireland. The 39-year-old was one of the 11 men who made history against Pakistan in Malahide e
Published 25 May, 2018 12:00am
Serena, Sharapova poised for French Open last-16 clash

Serena, Sharapova poised for French Open last-16 clash

Three-time champion Serena Williams will face Kristyna Pliskova of the Czech Republic in the French Open first round after the draw was made on Thursday with a potential clash against bitter rival Maria Sharapova in the last 16. Former world number one Wi
Published 25 May, 2018 12:00am
Ailing Kohli to miss English county games

Ailing Kohli to miss English county games

India captain Virat Kohli on Thursday pulled out of a month long stint with English county Surrey because of a neck injury and is now in a race to be ready for his country's tour of England. The key 29-year-old batsman will undergo rehabilitation that wil
Published 25 May, 2018 12:00am
'Good news' for Kvitova as alleged attacker taken into custody

'Good news' for Kvitova as alleged attacker taken into custody

Two-time Wimbledon champion Petra Kvitova rejoiced Thursday after a man who allegedly attacked her with a knife in 2016 was taken into custody but her spokesman said the case was not yet over. "Naturally this is good news for Petra Kvitova, but the whole
Published 25 May, 2018 12:00am
Fans return 1,000 tickets as Champions League price hikes spell misery

Fans return 1,000 tickets as Champions League price hikes spell misery

Real Madrid fans have returned 1,000 tickets for Saturday's Champions League final against Liverpool as spiralling accommodation and travel costs deter supporters from travelling to Kiev. UEFA president Aleksander Ceferin said the tickets could not be res
Published 25 May, 2018 12:00am
France to pump 65 million euros into African startups
Kerb

France to pump 65 million euros into African startups

France will plough 65 million euros ($76 million) into startups in Africa, President Emmanuel Macron announced Thursday at a technology conference in Paris. Macron made the announcement at the third edition of the VivaTech trade fair, which brings togethe
Published 25 May, 2018 12:00am
Tight supply weighs on US home sales; job market strengthening

Tight supply weighs on US home sales; job market strengthening

US home sales tumbled in April as an acute shortage of properties limited choices for potential buyers, the latest sign that the housing market was struggling to regain momentum. While other data on Thursday showed an increase in the number of Americans f
Published 25 May, 2018 12:00am
Deutsche Bank slashes over 7,000 jobs in major shake-up

Deutsche Bank slashes over 7,000 jobs in major shake-up

Germany's largest lender Deutsche Bank said Thursday it will slash over 7,000 jobs globally and dramatically scale back its investment banking activities as it seeks to turn the page on years of losses. The announcement fell on the same day as the bank's
Published 25 May, 2018 12:00am
US Iran sanctions take aim at airlines

US Iran sanctions take aim at airlines

The US ramped up sanctions on Iran Thursday, targeting several airlines it said were linked to the country's Islamic Revolutionary Guard Corps (IRGC). The US Treasury placed on its blacklist nine individuals and entities in Iran and Turkey for obtaining a
Published 25 May, 2018 12:00am
Australia's Westpac cleared of rate rigging

Australia's Westpac cleared of rate rigging

Australia's Westpac Banking Corp was cleared by a court of accusations it rigged a key rate to boost profit, but the win on Thursday against a regulator was dampened by an additional finding of unconscionable conduct by the bank. The mostly favourable rul
Published 25 May, 2018 12:00am
EU reaches deal with Gazprom in anti-trust case

EU reaches deal with Gazprom in anti-trust case

The EU on Thursday settled a high-stakes anti-trust case against Gazprom, the Kremlin-backed energy giant, over claims it abused its dominant positon as a gas provider in eastern Europe member states. With the deal Gazprom avoids billions in fines and off
Published 25 May, 2018 12:00am
Rush to comply with new EU data law

Rush to comply with new EU data law

Companies made a last-minute rush Thursday to comply with new European Union data protection laws that Brussels says will protect consumers from being like "people naked in an aquarium". The EU's so-called General Data Protection Regulation takes effect o
Published 25 May, 2018 12:00am
UK consumers return to shops after snowy start to 2018

UK consumers return to shops after snowy start to 2018

British retail sales jumped last month by the most in one-and-a-half years, official figures showed on Thursday, suggesting the economy was recovering from a snowy start to the year. The Bank of England is waiting for signs of recovery before it raises in
Published 25 May, 2018 12:00am
Canada blocks China purchase of construction firm Aecon

Canada blocks China purchase of construction firm Aecon

Canada has blocked Chinese state-owned CCCC's acquisition of construction firm Aecon Group, citing on Thursday national security concerns in a decision widely expected to create a rift between Ottawa and Beijing. China Communications Construction Company
Published 25 May, 2018 12:00am
North Korea setback, sterling weigh on FTSE but mid-caps shine

North Korea setback, sterling weigh on FTSE but mid-caps shine

President Donald Trump's decision to cancel a summit with North Korean leader Kim Jong Un weighed on British shares in afternoon trading, while gains in sterling prompted by better retail sales data also bruised the internationally-exposed FTSE 100. The b
Published 25 May, 2018 12:00am
SE Asian markets: Indonesia jumps most in 22 months; Malaysia falls

SE Asian markets: Indonesia jumps most in 22 months; Malaysia falls

Indonesian stocks jumped 2.7 percent on Thursday, the most since August 2016, while Malaysian shares fell for a fourth straight session as a widening probe over corruption linked to the previous government and continued capital outflows weighed on investo
Published 25 May, 2018 12:00am
Sri Lankan shares edge up

Sri Lankan shares edge up

Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover. Investors continued to stay on the sidelines as they wait
Published 25 May, 2018 12:00am
European shares led lower by autos stocks, Deutsche Bank

European shares led lower by autos stocks, Deutsche Bank

European stocks fell on Thursday as carmaker shares came under pressure after the United States launched an investigation into auto imports, while Deutsche Bank dropped after announcing thousands of job cuts. The STOXX 600 index fell 0.5 percent to an 8-d
Published 25 May, 2018 12:00am
China stocks extend losses

China stocks extend losses

China stocks extended losses on Thursday, after falling the most in a month in the previous session, as caution prevailed amid renewed concerns over China-US trade tensions. The blue-chip CSI300 index closed down 0.7 percent at 3,827.22 points, while the
Published 25 May, 2018 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Thursday as IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd (TCS) gained on the back of a weaker rupee. The broader NSE index closed 0.8 percent higher at 10,513.85 while the benchmark BSE index ended 0.93 per
Published 25 May, 2018 12:00am
Treasury yields hold at lower levels
Currency

Treasury yields hold at lower levels

US Treasury yields held at lower levels on Wednesday after minutes of the Federal Reserve's May meeting showed that most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the US economic outlook remains intact.
Published 25 May, 2018 12:00am
Treasury yields hold at lower levels
Currency

Treasury yields hold at lower levels

US Treasury yields held at lower levels on Wednesday after minutes of the Federal Reserve's May meeting showed that most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the US economic outlook remains intact.
Published 25 May, 2018 12:00am
Hong Kong stocks soar

Hong Kong stocks soar

Hong Kong stocks ended higher on Thursday, helped by services and energy companies, though gains were capped amid renewed concerns over China-US trade tensions. At close of trade, the Hang Seng index rose 0.3 percent to 30,760.41 points, while the China E
Published 25 May, 2018 12:00am
Wall Street ends up as Fed seen keeping gradual approach to rate hikes

Wall Street ends up as Fed seen keeping gradual approach to rate hikes

US stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted
Published 25 May, 2018 12:00am
Thursday's early afternoon trade

Thursday's early afternoon trade

US stocks fell on Thursday after President Donald Trump cancelled a planned historic summit with North Korean leader Kim Jong Un and threatened tariffs on auto imports while trade tensions with China simmered. Trump cancelled the June 12 meeting "based on
Published 25 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 24, 2018).
Published 25 May, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 24, 2018).

Published 25 May, 2018 12:00am
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