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Apr 05, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-06-14
Fed lifts rates amid stronger inflation, drops crisis-era guidance

Fed lifts rates amid stronger inflation, drops crisis-era guidance

The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the US central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnig
Published 14 Jun, 2018 12:00am
WPP seeks to soothe investors over CEO exit

WPP seeks to soothe investors over CEO exit

British advertising bellwether WPP sought Wednesday to reassure investors over the recent controversial exit of chief executive Martin Sorrell. Chairman Roberto Quarta, addressing the company's annual general meeting in central London, also moved to allay
Published 14 Jun, 2018 12:00am
Pipeline shortage plugs Canada oil investments

Pipeline shortage plugs Canada oil investments

Investment in the Canadian oil sector declined for a fourth consecutive year in 2017 because of "eroding investor confidence," oil producers said Tuesday. The Canadian Association of Petroleum Producers in its annual report attributed this to a failure to
Published 14 Jun, 2018 12:00am
US accuses Fiat Chrysler, union of conspiring to break labour laws

US accuses Fiat Chrysler, union of conspiring to break labour laws

Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate US labour laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were d
Published 14 Jun, 2018 12:00am
Italy, trade worries bite into German growth forecast

Italy, trade worries bite into German growth forecast

The DIW economic institute has slashed its growth forecast for Germany due to an unexpectedly weak start to 2018 and risks from abroad including concerns about Italy's new government and the escalating trade conflict with the United States.
Published 14 Jun, 2018 12:00am
Hong Kong consortium makes $9.8 billion bid for Australia's APA

Hong Kong consortium makes $9.8 billion bid for Australia's APA

A consortium led by Hong Kong's CK Infrastructure Holdings made an unsolicited Aus$13 billion (US$9.8 billion) bid for gas pipeline company APA Wednesday, with the Australian firm agreeing to open its books. APA's assets include gas transmission pipelines
Published 14 Jun, 2018 12:00am
Drop in eurozone factory output puts ECB in a quandary

Drop in eurozone factory output puts ECB in a quandary

Industrial production in the 19 countries sharing the euro fell by more than expected in April, data showed on Wednesday, providing further evidence that the bloc's economy is slowing before a European Central Bank meeting.
Published 14 Jun, 2018 12:00am
Australia agrees Solomons internet cable after China concern

Australia agrees Solomons internet cable after China concern

Australia will help fund and build an underseas communications cable to the Solomon Islands, it was agreed Wednesday, after the Pacific nation was convinced to drop a contract with Chinese company Huawei. The impoverished country and Huawei inked a deal i
Published 14 Jun, 2018 12:00am
European wheat prices firmer on US futures rise

European wheat prices firmer on US futures rise

European wheat prices were firmer on Tuesday, supported by a rise in US futures, but with background sentiment depressed by indications of tough competition from Black Sea supplies in export markets. Benchmark December wheat on the Paris-based Euronext ex
Published 14 Jun, 2018 12:00am
Trade activity gains momentum on cotton market
Cotton

Trade activity gains momentum on cotton market

Trade activity gained momentum on the cotton market on Wednesday as buyers started purchasing of cotton of old stock, dealers said. The official spot rate was unchanged at Rs 7,600, they added. In the ready session, over 2000 bales of cotton changed hands
Published 14 Jun, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 228,807 tonnes of cargo comprising 148,586 tonnes of import cargo and 80,221 tonnes of export cargo including 8,609 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 14 Jun, 2018 12:00am
China's steel prices rise

China's steel prices rise

China's construction steel rebar prices recovered from a two-day slide on Tuesday, lifted by a price hike at big steel firms and on easing concerns over excess supplies in the market amid a declining utilisation rate at mills. The Shanghai benchmark rebar
Published 14 Jun, 2018 12:00am
Palm oil lower on European vegoils market
Vegetable Oil

Palm oil lower on European vegoils market

Palm oil on the European vegetable oils market eased further on Tuesday on worries over weak Malaysian export demand and positioning ahead of USDA crop and supply/demand reports. Asking prices for palm oil were mostly between $5 and $10 per tonne lower, a
Published 14 Jun, 2018 12:00am
US natural gas output, demand seen rising to record highs

US natural gas output, demand seen rising to record highs

US dry natural gas production was forecast to rise to an all-time high of 81.20 billion cubic feet per day (bcfd) in 2018 from 73.57 bcfd in 2017, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Tuesday. The latest
Published 14 Jun, 2018 12:00am
Asian naphtha gains for second day

Asian naphtha gains for second day

Asia's naphtha crack extended gains for a second day to reach a four-session high of $82.13 a tonne on Tuesday due to higher demand. Taiwan's Formosa Petrochemical sought open-specification naphtha for second-half July arrival at Mailiao through a tender
Published 14 Jun, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,530. The traded value of Metals, Energy and COTS/FX was recorded at PKR4.793 billion and the number of lots traded was 8,078. Major business was contributed by currencies
Published 14 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 14 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 14 Jun, 2018 12:00am
State Bank of Pakistan conversion rates
Currency

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 14 Jun, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

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 14 Jun, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 13, 2018).
Published 14 Jun, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Elections: cabinet approves replacement of top provincial bureaucrats

Elections: cabinet approves replacement of top provincial bureaucrats

The federal cabinet has approved replacement of provincial chief secretaries and inspector generals of police after taking on board the Election Commission of Pakistan (ECP) and provincial chief ministers for the upcoming general elections in the country.
Published 14 Jun, 2018 12:00am
Elections: cabinet approves replacement of top provincial bureaucrats

Elections: cabinet approves replacement of top provincial bureaucrats

The federal cabinet has approved replacement of provincial chief secretaries and inspector generals of police after taking on board the Election Commission of Pakistan (ECP) and provincial chief ministers for the upcoming general elections in the country.
Published 14 Jun, 2018 12:00am
Fed lifts rates amid stronger inflation, drops crisis-era guidance

Fed lifts rates amid stronger inflation, drops crisis-era guidance

The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the US central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnig
Published 14 Jun, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Rare advance deals: India sells new season cotton crop to China
Cotton

Rare advance deals: India sells new season cotton crop to China

India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Expor
Published 14 Jun, 2018 12:00am
Rare advance deals: India sells new season cotton crop to China
Cotton

Rare advance deals: India sells new season cotton crop to China

India''s cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world''s biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Exp
Published 14 Jun, 2018 12:00am
IFC rejects proposed solar tripartite EPA

IFC rejects proposed solar tripartite EPA

The International Financial Corporation (IFC), an arm of World Bank, has reportedly rejected proposed solar tripartite Energy Purchase Agreement (EPA), particularly the mark up rates; well informed sources told Business Recorder. As the largest glo
Published 14 Jun, 2018 12:00am
THE RUPEE: further erosion
Currency

THE RUPEE: further erosion

The rupee continued erosion against the dollar for the third day on Wednesday in the process of trading activity, dealer said. Since, the week started, the national currency started showing its weakness versus the dollar. On Monday, the State Bank of Paki
Published 14 Jun, 2018 12:00am
IFC rejects proposed solar tripartite EPA

IFC rejects proposed solar tripartite EPA

The International Financial Corporation (IFC), an arm of World Bank, has reportedly rejected proposed solar tripartite Energy Purchase Agreement (EPA), particularly the mark up rates; well informed sources told Business Recorder. As the largest glo
Published 14 Jun, 2018 12:00am
THE RUPEE: further erosion
Currency

THE RUPEE: further erosion

The rupee continued erosion against the dollar for the third day on Wednesday in the process of trading activity, dealer said. Since, the week started, the national currency started showing its weakness versus the dollar. On Monday, the State Bank of Paki
Published 14 Jun, 2018 12:00am
IFC rejects proposed solar tripartite EPA

IFC rejects proposed solar tripartite EPA

The International Financial Corporation (IFC), an arm of World Bank, has reportedly rejected proposed solar tripartite Energy Purchase Agreement (EPA), particularly the mark up rates; well informed sources told Business Recorder. As the largest glo
Published 14 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Nawaz, Maryam set to leave for London today

Nawaz, Maryam set to leave for London today

Former Prime Minister Nawaz Sharif and his daughter, Maryam Nawaz, are scheduled to fly to London today to see ailing Kulsoom Nawaz there. Nawaz and Maryam will celebrate Eid in London and will return back after Eid holidays, sources said. Nawaz used to s
Published 14 Jun, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (June 13, 2018) and the forecast for Thursday (June 14, 2018).

Published 14 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 14 Jun, 2018 12:00am
Moon-Sighting: Shawwal 1439 AH

Moon-Sighting: Shawwal 1439 AH

The 'Astronomical Moon Birth' is on 14 June, 2018 (Thursday) at 00:45 PST. On 14 June, the moon will be easily seen in Africa and America. On 15 June, the moon will be easily seen in most parts of the world.
Published 14 Jun, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 13, 2018).

Published 14 Jun, 2018 12:00am
Ministry explains why Zulfi allowed to leave

Ministry explains why Zulfi allowed to leave

Ministry of Interior informed the Prime Minister's Office on Wednesday that the name of Syed Zulfiqar Abbas Bukhari, a close friend of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan also who is widely known as Zulfi, is on blacklist, and not on Exit C
Published 14 Jun, 2018 12:00am
Arab states launch biggest assault of Yemen war with attack on main port

Arab states launch biggest assault of Yemen war with attack on main port

A Saudi-led alliance of Arab states launched an attack on Yemen's main port city on Wednesday in the largest battle of the war, aiming to bring the ruling Houthi movement to its knees at the risk of worsening the world's biggest humanitarian crisis. Arab
Published 14 Jun, 2018 12:00am
Arab states launch biggest assault of Yemen war with attack on main port

Arab states launch biggest assault of Yemen war with attack on main port

A Saudi-led alliance of Arab states launched an attack on Yemen's main port city on Wednesday in the largest battle of the war, aiming to bring the ruling Houthi movement to its knees at the risk of worsening the world's biggest humanitarian crisis. Arab
Published 14 Jun, 2018 12:00am
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