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Print - 2018-06-28
Oil rallies as supply disruptions seen from Canada to Libya

Oil rallies as supply disruptions seen from Canada to Libya

Oil prices jumped on Wednesday as plunging US crude stockpiles compounded supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that importers stop buying Iranian crude from November.
Published 28 Jun, 2018 12:00am
Reserved seats for women: parties submit nominees' list to ECP

Reserved seats for women: parties submit nominees' list to ECP

The lists submitted by Pakistan Muslim League-Nawaz (PML-N), Pakistan Tehreek-e-Insaf (PTI) and Pakistan People's Party (PPP) to Election Commission of Pakistan (ECP) for seats reserved for women in National Assembly in Punjab, reflect their expectation o
Published 28 Jun, 2018 12:00am
Zulfi Bukhari ECL: non-submission of reply by MoD draws IHC's ire

Zulfi Bukhari ECL: non-submission of reply by MoD draws IHC's ire

Islamabad High Court (IHC) Wednesday expressed annoyance over non-submission of written reply by Ministry of Defense (MoD) in case of removing Zulfi Bukhari's name from the Exit Control List (ECL) and using Noor Khan Airbase for facilitating the departure
Published 28 Jun, 2018 12:00am
Creation of Saraiki province part PPP manifesto: Taj Haider

Creation of Saraiki province part PPP manifesto: Taj Haider

Senior leader of Pakistan Peoples Party (PPP) Taj Haider has said that creation of Saraiki province is part of his party's manifesto. He expressed these views at a news conference held here on Wednesday. Media Coordinator PPP and Member of Central Electio
Published 28 Jun, 2018 12:00am
EU observers meet Sherry

EU observers meet Sherry

A four member delegation from 'The European Union Election Observation Mission (EU EOM) to Pakistan' led by Michael Gahler paid a courtesy call on Senator Sherry Rehman, Leader of Opposition in Senate at Parliament House on Wednesday.
Published 28 Jun, 2018 12:00am
Government asked to notify Baig as Pemra chairman

Government asked to notify Baig as Pemra chairman

The Supreme Court on Wednesday directed the federal government to issue a notification of Muhammad Saleem Baig as chairman Pakistan Electronic Media Regulatory Authority (Pemra) within two days. Attorney General for Pakistan Khalid Jawed informed a three-
Published 28 Jun, 2018 12:00am
Imran's papers for NA-53 cleared

Imran's papers for NA-53 cleared

The Appellate Tribunal for NA-53 Wednesday cleared Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan's nomination papers to contest upcoming polls from Islamabad's NA-53 constituency. Khan personally appeared before Justice Kayani to fill in the incomple
Published 28 Jun, 2018 12:00am
Aamir assumes charge as IG NH&MP

Aamir assumes charge as IG NH&MP

Muhammad Aamir Zulfiqar Khan, PSP assumed charge as inspector general, National Highways & Motorway Police here on Wednesday. He is the 16th inspector general of National Highways & Motorway Police. Before his posting as inspector general NH&MP, he remain
Published 28 Jun, 2018 12:00am
NAB told to suspend further action against Bahria Town

NAB told to suspend further action against Bahria Town

The Supreme Court on Wednesday directed the National Accountability Bureau (NAB) to suspend further action against Bahria Town till disposal of its pending review petition. A three-member bench headed by Chief Justice Mian Saqib Nisar held that the pendin
Published 28 Jun, 2018 12:00am
President approves summary for removing Memon as BISP head

President approves summary for removing Memon as BISP head

President Mamnoon Hussain Wednesday approved a summary for removing Marvi Memon from the post of chairperson Benazir Income Support Program (BISP). The caretaker government has sent a summary to the President seeking her removal as the BISP chairperson. P
Published 28 Jun, 2018 12:00am
KTML goes solar with Reon

KTML goes solar with Reon

Reon Energy Limited has announced its latest project at Kohinoor Textile Mills Limited (KTML), Rawalpindi. The 1-Megawatt solar installation will provide considerable savings in energy-costs, along with an expected reduction of 970 tonnes in annual carbon
Published 28 Jun, 2018 12:00am
GDA rejected by people of Sindh, claims Murad

GDA rejected by people of Sindh, claims Murad

Ex-Chief Minister Sindh Syed Murad Ali Shah has claimed that the people of Sindh have already rejected the parties who have now been united and formed Grand Democratic Alliance (GDA) to contest elections against Pakistan Peoples Party. Talking to the medi
Published 28 Jun, 2018 12:00am
Minister urges civil society to help resolve issues

Minister urges civil society to help resolve issues

Sindh Caretaker Minister for Information, Law and Environment Jameel Yusuf has stressed upon civil society to play their due role to discharge Citizen Social Responsibilities (CSR) for resolve of social issue and problems, Media is our partner to support
Published 28 Jun, 2018 12:00am
IDEAS 2018 to commence on November 27

IDEAS 2018 to commence on November 27

The 10th edition of International Defence Exhibition and Seminar (IDEAS) is going to be organized from November 27-30, 2018 at Expo Centre, Karachi. The event's schedule was formally announced at 2nd steering committee meeting, chaired by Fazlur Rehman, c
Published 28 Jun, 2018 12:00am
Haleeb Foods launches 'nutra-hygin' milk

Haleeb Foods launches 'nutra-hygin' milk

In line with its commitment to provide superior dairy products to the people of Pakistan, Haleeb Foods has recently brought back its all new Haleeb Milk across the country. Haleeb Milk, the company's flagship brand, is now Pakistan's first and only nutra-
Published 28 Jun, 2018 12:00am
MD FFC Tariq elected IFA director

MD FFC Tariq elected IFA director

The International Fertilizer Association (IFA) during 86th IFA Annual Conference, held at Berlin Germany, has elected Chief Executive & Managing Director of Fauji Fertilizer Company (FFC), Lieutenant General Tariq Khan, HI(M), as a director on the Board o
Published 28 Jun, 2018 12:00am
SC allows civil appeals against high court Judgements

SC allows civil appeals against high court Judgements

In a landmark judgment, the Supreme Court of Pakistan (SC) has allowed the Civil Appeals against the judgments of the High Court of Sindh, Karachi (SHC) and Peshawar High Court passed in 2017 and 2012, respectively. Meanwhile, the apex court has disposed
Published 28 Jun, 2018 12:00am
Historical structures in Karachi: SC seeks report from Sindh government

Historical structures in Karachi: SC seeks report from Sindh government

The Supreme Court (SC) on Wednesday sought a detailed report from Sindh Government on the protection of historical structures in the metropolis after showing displeasure over what it observed apathy of concerned authorities towards maintaining the histori
Published 28 Jun, 2018 12:00am
Car, bike categories: PSO wins two People's Choice Awards

Car, bike categories: PSO wins two People's Choice Awards

Pakistan State Oil, the nation's largest and most trusted oil marketing company, has won two of PakWheels' latest People's Choice Awards in both car and bike categories. The awards are based on PakWheels Automobile Industry Survey Report 2017 for which th
Published 28 Jun, 2018 12:00am
SBP urged to allow banks to remain open on Saturdays

SBP urged to allow banks to remain open on Saturdays

Business community has urged State Bank of Pakistan (SBP) to declare Saturday as banks working day. "The SBP is requested to ask banks to remain open on Saturday that is 30th June 2018 for public dealing, as one more set of bank holidays is scheduled for
Published 28 Jun, 2018 12:00am
SECMC, SFD to plant trees on large scale in Tharparkar

SECMC, SFD to plant trees on large scale in Tharparkar

Sindh Engro Coal Mining Company (SECMC) and Sindh Forest Department (SFD), Govt of Sindh have signed an agreement to plant trees on a large scale in Tharparkar with special focus on Thar Block II and adjoining areas. Under the agreement, Sindh Forest Depa
Published 28 Jun, 2018 12:00am
Telecom imports up by 12 percent in 2017-2018

Telecom imports up by 12 percent in 2017-2018

The country's overall telecom imports grew to 1.396 billion in July-May 2017-18, up by 12 percent, official figures say. Growth in telecom imports reaches $147.014 million in July-May 2017-18 from $1.249 billion in July-May 2016-17, Pakistan Bureau of Sta
Published 28 Jun, 2018 12:00am
Ontario Chamber, LCCI ink MoU

Ontario Chamber, LCCI ink MoU

Ontario Chamber of Commerce and Industry and Lahore Chamber of Commerce and Industry have inked a memorandum of understanding (MoU) to boost trade between Pakistan and Canada.
Published 28 Jun, 2018 12:00am
Amnesty scheme: business community demands extension till September 30

Amnesty scheme: business community demands extension till September 30

Business community here has called upon the government to extend the tax-amnesty scheme 2018 till 30 September so that maximum number of businessmen and other people could take benefit of it. The demand was made by Sarhad Chamber of Commerce and Industry
Published 28 Jun, 2018 12:00am
USAID launches BDS programme for SMEs

USAID launches BDS programme for SMEs

The USAID Small and Medium Enterprise Activity (SMEA) formally launched its Business Development Services (BDS) Programme for Pakistani small and medium enterprises (SMEs) on the occasion of the first Micro, Small, and Medium-sized Enterprises Day 2018 in
Published 28 Jun, 2018 12:00am
ZTBL installs its first ATM in head office

ZTBL installs its first ATM in head office

ZTBL on Wednesday achieved a milestone by installation of its first ATM at Head Office building Islamabad, making operational its own ATM network. ZTBL President Syed Talat Mahmood and other senior management of the bank executed test transaction withdraw
Published 28 Jun, 2018 12:00am
Chinese firm vows to help Gwadar's water issue

Chinese firm vows to help Gwadar's water issue

The 43-year-old general manager of Wuhan Dongchuan Water Environment Company Liu Xiaochuan has expressed his commitment to provide fresh water to Gwadar's residents. Liu will help provide water supply and teach local employees technical skills required to
Published 28 Jun, 2018 12:00am
Chinese firm vows to help Gwadar's water issue

Chinese firm vows to help Gwadar's water issue

The 43-year-old general manager of Wuhan Dongchuan Water Environment Company Liu Xiaochuan has expressed his commitment to provide fresh water to Gwadar's residents. Liu will help provide water supply and teach local employees technical skills required to
Published 28 Jun, 2018 12:00am
NAB Rawalpindi files reference against former CDA chairman

NAB Rawalpindi files reference against former CDA chairman

NAB Rawalpindi filed reference against Imtiaz Inayat Elahi, ex-Chairman Capital Development Authority (CDA), Saeed- Ur-Rehman, Member Finance CDA, and others in case of investigation against officers/officials of CDA and others regarding corruption in con
Published 28 Jun, 2018 12:00am
Tribunal clears 47 candidates

Tribunal clears 47 candidates

The Election Tribunal (ET) allowed 47 candidates to contest general elections 2018 and dismissed appeals of four candidates on different grounds during last three days of hearings concluded here on Wednesday. Wednesday was the last day of disposal of appe
Published 28 Jun, 2018 12:00am
Single law for Shariah entities: FBR opposes to SECP's proposal

Single law for Shariah entities: FBR opposes to SECP's proposal

The Federal Board of Revenue (FBR) has opposed a proposal of the Securities and Exchange Commission of Pakistan (SECP) to replace the existing Shariah laws with a single law for Shariah-compliant companies/entities, as a single law may not work for tax re
Published 28 Jun, 2018 12:00am
HR violations in IoK: Senate body lauds OHCHR's report

HR violations in IoK: Senate body lauds OHCHR's report

Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan on Wednesday appreciated the recent report of the Office of the High Commissioner for Human Rights (OHCHR), a department of the United Nations Secretariat, wherein human rights violations i
Published 28 Jun, 2018 12:00am
SECP launches SDMS mobile application

SECP launches SDMS mobile application

The Securities and Exchange Commission of Pakistan launches mobile application to further enhance its public service to investors. With the new mobile phone application, the users are able to file queries and complaints easily and can check the status of
Published 28 Jun, 2018 12:00am
Pakistan to attend Beijing Horticultural Expo

Pakistan to attend Beijing Horticultural Expo

Pakistan along with 97 countries and international organizations have confirmed to participate in the 2019 Beijing International Horticultural Expo, and has started building its pavilion, according to the expo's organizing committee.
Published 28 Jun, 2018 12:00am
FY18 July-May: profit, dividend repatriation crosses $2 billion

FY18 July-May: profit, dividend repatriation crosses $2 billion

Repatriation of profit and dividend by foreign investors has crossed $2 billion mark in July-Maay of this fiscal year (FY18) The State Bank of Pakistan (SBP) reported on Wednesday that repatriation of profit and dividend by the foreign companies increased
Published 28 Jun, 2018 12:00am
Saira Afzal Tarar allowed to contest election

Saira Afzal Tarar allowed to contest election

An election tribunal allowed former state minister Saira Afzal Tarar to contest the election while rejected the nomination papers of Maulana Ashraf Jalali of Tehreek Labbaik. Another tribunal also rejected the nomination papers of Imran Sher Ali, brother
Published 28 Jun, 2018 12:00am
KE intensifies drive against power theft

KE intensifies drive against power theft

K-Electric (KE) has lodged eight FIRs against individuals involved in electricity theft in different areas of District Malir during its ongoing drive against power theft and illegal abstraction.
Published 28 Jun, 2018 12:00am
MQM-P's both factions unite to defeat PPP, PSP

MQM-P's both factions unite to defeat PPP, PSP

Both factions of the Muttahida Qaumi Movement-Pakistan (MQM-P) have united to give a tough competition to its rivals - Pakistan Peoples Party (PPP) and Pak-Sarzameen Party (PSP). Ali Raza Abidi, leader of the MQM-P, told Business Recorder that his
Published 28 Jun, 2018 12:00am
LHC orders drive against encroachments inside walled city

LHC orders drive against encroachments inside walled city

The Lahore High Court on Wednesday ordered an operation against encroachments inside the walled city areas and directed the lord mayor to supervise it. The court directed Director General the Walled City of Lahore Authority (WCLA) Kamran Lashari to appear
Published 28 Jun, 2018 12:00am
Askari grieved over loss of lives in rains

Askari grieved over loss of lives in rains

Caretaker Punjab Chief Minister Dr Hasan Askari on Wednesday expressed a deep sense of sorrow and grief over the loss of precious human lives in different accidents due to rain and extended sympathies to the bereaved families.
Published 28 Jun, 2018 12:00am
Special persons: ECP arranges postal ballot papers

Special persons: ECP arranges postal ballot papers

The Election Commission of Pakistan (ECP) to facilitate the disabled persons to use their right to franchise in the general elections has arranged postal ballot papers for them.
Published 28 Jun, 2018 12:00am
CEO most relevant person to hold company's assets as trust: SECP

CEO most relevant person to hold company's assets as trust: SECP

While rejecting an order of the Securities Market Division (SMD) SECP against a broker, the Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has ruled that Chief Executive Officer (CEO) is the most relevant person to hold the p
Published 28 Jun, 2018 12:00am
PPP announces National Assembly candidates from central Punjab

PPP announces National Assembly candidates from central Punjab

Pakistan Peoples Party (PPP) Central Punjab has announced list of National Assembly candidates on Wednesday. Chairman Bilawal Bhutto and Co-chairman Asif Zardari approved the list and instructed the candidates to collect their tickets from Bilawal House.
Published 28 Jun, 2018 12:00am
Workshops organised at UVAS's Ravi Campus

Workshops organised at UVAS's Ravi Campus

Under the auspices of 'In-service Training Facility of Advance Veterinary Education and Professional Development for Veterinary Professionals (IVPD)', a Punjab government funded project, organised various workshops at University of Veterinary and Animal S
Published 28 Jun, 2018 12:00am
Display of weapons banned

Display of weapons banned

Newly-appointed Deputy Inspector General of Police (Operations) Lahore Shahzad Akbar on Wednesday clamped ban over displaying of weapons by politicians and their supporters during their election campaigns. "In this regard, all divisional Superintendents o
Published 28 Jun, 2018 12:00am
FPCCI hails Yasmin's appointment as FBR chief

FPCCI hails Yasmin's appointment as FBR chief

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and business community on Wednesday hailed appointment of Rukhsana Yasmin as the Chairperson Federal Board of Revenue (FBR) and said that she would take effective steps for addressing pro
Published 28 Jun, 2018 12:00am
Glowing tributes paid to Yusufi

Glowing tributes paid to Yusufi

Glowing tributes were paid to legendary humour writer Mushtaq Ahmed Yusufi at a condolence reference held here at the Punjab University Faculty of Oriental Learning on Wednesday.
Published 28 Jun, 2018 12:00am
LCCI greets commerce minister

LCCI greets commerce minister

The Lahore Chamber of Commerce & Industry (LCCI) has congratulated new caretaker commerce minister Mian Misbah-ur-Rehman hoped that he would design a comprehensive strategy with the consultation of business community to boost the exports.
Published 28 Jun, 2018 12:00am
Askari lauds Germany's role in giving Pakistan access to European market

Askari lauds Germany's role in giving Pakistan access to European market

Caretaker Punjab Chief Minister Dr Hasan Askari has said the youth can be mobilized towards economic empowerment through technical education and added that establishment of quality technical and engineering institutions in the province is imperative and G
Published 28 Jun, 2018 12:00am
Punjab Food Fortification Strategy 2018 launched

Punjab Food Fortification Strategy 2018 launched

The Punjab Food Department, the National Fortification Alliance (NFA) and the United Nations World Food Programme (WFP) launched the Punjab Food Fortification Strategy 2018 on Wednesday to address high rate of micronutrient deficiencies in Punjab, Pakista
Published 28 Jun, 2018 12:00am
Nimir Industrial Chemicals Limited
Mutual Funds

Nimir Industrial Chemicals Limited

Nimir Industries Chemicals Limited (PSX: NICL) manufactures and sells industrial chemical products in Pakistan. It operates in the oleo chemicals and chlor alkali industry, producing satiric acid, soap noddles, and glycerin as well as caustic soda, sodium
Published 28 Jun, 2018 12:00am
Nimir Industrial Chemicals Limited
Mutual Funds

Nimir Industrial Chemicals Limited

Nimir Industries Chemicals Limited (PSX: NICL) manufactures and sells industrial chemical products in Pakistan. It operates in the oleo chemicals and chlor alkali industry, producing satiric acid, soap noddles, and glycerin as well as caustic soda, sodium
Published 28 Jun, 2018 12:00am
SWC gives two-week deadline to SSWMB for disposal of garbage

SWC gives two-week deadline to SSWMB for disposal of garbage

Sindh Water Commission (SWC) on Wednesday granted two-week time to Sindh Solid Waste Management Board (SSWMB) for lifting and disposal of garbage in the districts of Karachi, which have been contracted out to Chinese companies.
Published 28 Jun, 2018 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold prices dipped to a fresh six-month low on Wednesday as the US dollar strengthened, making bullion more expensive for buyers using other currencies. Platinum also hit its lowest level since February 2016.
Published 28 Jun, 2018 12:00am
US MIDDAY: wheat up

US MIDDAY: wheat up

US wheat futures rose on Wednesday on bargain buying after a three-session sell-off pushed the Chicago Board of Trade September contract to a one-week low, traders said.
Published 28 Jun, 2018 12:00am
Gold keeps falling in European trade

Gold keeps falling in European trade

Gold prices slipped to a new six-month low on Wednesday as the dollar strengthened, making bullion more expensive for buyers using other currencies. The move takes gold's losses this month to more than 3 percent - the biggest monthly loss since September
Published 28 Jun, 2018 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices hit a fresh six-and-a-half-month low on Wednesday as the US dollar steadied and investors turned to other safe-haven assets amid expectations of more interest rate hikes by the US Federal Reserve. Spot gold fell for a third straight session an
Published 28 Jun, 2018 12:00am
Gold hits over six-month low in New York

Gold hits over six-month low in New York

Gold hit its lowest in over six months on Tuesday as a selloff in global risk assets eased and the precious metal remained under pressure from the prospect that rising US interest rates will further support the dollar. Modest gains from Europe's main bour
Published 28 Jun, 2018 12:00am
New York cocoa, raw sugar tumble
Currency

New York cocoa, raw sugar tumble

New York cocoa futures on ICE slumped to a two-week low on Wednesday, weighed by the weak British pound and improving crop weather in West Africa, while raw sugar dropped by more than 3 percent on pressure from the weak Brazilian real currency. September
Published 28 Jun, 2018 12:00am
Palm oil gains
Vegetable Oil

Palm oil gains

Malaysian palm oil futures jumped to their highest in over a week on Wednesday evening, supported by forecasts of weaker output and stronger related edible oils. The market was also earlier supported by a weaker ringgit, palm's currency of trade which typ
Published 28 Jun, 2018 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures climbed for a second straight session on Wednesday, moving further away from an about 21-month low hit earlier this week, as surging oil prices boosted risk appetite among investors. The Tokyo Commodity Exchange rubber contr
Published 28 Jun, 2018 12:00am
New Zealand business sentiment sinks

New Zealand business sentiment sinks

New Zealand business confidence sank to a seven-month low in June, a survey by ANZ Bank showed on Wednesday, reinforcing recent signs the country's economy was losing some of its gloss after years of strong growth. The survey's headline measure showed a n
Published 28 Jun, 2018 12:00am
Treasury yields edge higher

Treasury yields edge higher

US Treasury yields edged higher on Tuesday as concerns lingered that trade wars could harm economic growth, but safety buying was capped by expectations the Federal Reserve will continue to raise interest rates. Trade war fears were stoked by reports that
Published 28 Jun, 2018 12:00am
Treasury yields edge higher

Treasury yields edge higher

US Treasury yields edged higher on Tuesday as concerns lingered that trade wars could harm economic growth, but safety buying was capped by expectations the Federal Reserve will continue to raise interest rates. Trade war fears were stoked by reports that
Published 28 Jun, 2018 12:00am
Indian shares fall

Indian shares fall

Indian shares fell on Wednesday to a three-week closing low, as investors turned cautious a day before the expiry of derivatives contracts, while rising oil prices also dampened sentiment. The broader NSE index closed 0.91 percent lower at 10,671.40, afte
Published 28 Jun, 2018 12:00am
Energy leads Wall Street rebound as trade worries ease

Energy leads Wall Street rebound as trade worries ease

US stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiralling global trade tensions. Energy stocks added the most gains among the S&P 500's 11 majo
Published 28 Jun, 2018 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks slid to nearly a seven-month low on Wednesday as a sharp fall in the yuan added to worries about China's economic growth amid escalating US-China trade tensions. The Hang Seng index fell 1.8 percent, to 28,356.26, while the China Enterpri
Published 28 Jun, 2018 12:00am
Real estate, construction drag Dubai down, Saudi index rises

Real estate, construction drag Dubai down, Saudi index rises

Real estate and construction companies continued to weigh on the Dubai market on Wednesday as Drake & Scull (DSI) extended losses and the Abu Dhabi market also dropped. DSI shares plunged 10 percent for a third consecutive day to close at 0.73 dirhams ($0
Published 28 Jun, 2018 12:00am
Sterling falls

Sterling falls

Sterling fell on Wednesday as the dollar rebounded, on track for its biggest daily drop in nearly two weeks, as imminent Brexit talks and doubts the Bank of England will raise interest rates at all this year darkened the outlook for the pound. The dollar
Published 28 Jun, 2018 12:00am
Aussie, kiwi slip

Aussie, kiwi slip

The Australian and New Zealand dollars slipped on Wednesday as sharp losses in China's yuan only added to concerns about the possible impact of tariffs on global trade and growth. The kiwi dollar took an extra knock from a disappointing business survey an
Published 28 Jun, 2018 12:00am
Most Asian units slip; Indian rupee falls most

Most Asian units slip; Indian rupee falls most

Most Asian currencies edged down on Wednesday as investors waited to see the next development in the trade tussle involving the United States and China. "At this stage, we may be reduced to headline watching with regards to Asian currencies," OCBC's Teren
Published 28 Jun, 2018 12:00am
Bahrain dinar, bonds rebound
Currency

Bahrain dinar, bonds rebound

Bahrain's dinar recovered from 17-year lows and its bond prices rebounded on Wednesday after the country's diplomatic allies in the Gulf pledged to prevent its ballooning public debt from triggering a financial crisis. Bankers said the pledge of aid to Ba
Published 28 Jun, 2018 12:00am
Bahrain dinar, bonds rebound
Currency

Bahrain dinar, bonds rebound

Bahrain's dinar recovered from 17-year lows and its bond prices rebounded on Wednesday after the country's diplomatic allies in the Gulf pledged to prevent its ballooning public debt from triggering a financial crisis. Bankers said the pledge of aid to Ba
Published 28 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 83.70-83.70 (Previous 83.70-83.70).
Published 28 Jun, 2018 12:00am
Dollar rises across the board in New York
Currency

Dollar rises across the board in New York

The dollar rose across the board on Tuesday, as lingering global trade tensions prompted traders to ditch most high-yielding currencies and investors focused on expectations the Federal Reserve will continue to raise interest rates. The dollar index, whic
Published 28 Jun, 2018 12:00am
Euro slips; yuan slides in Europe
Currency

Euro slips; yuan slides in Europe

The euro fell on Wednesday as concern about an escalating trade conflict boosted the dollar and the yen, while the Chinese yuan slumped to a six-month low. Worries that a full-blown trade war will break out between Beijing and Washington continued to weig
Published 28 Jun, 2018 12:00am
Dollar steadies in Asia trade
Currency

Dollar steadies in Asia trade

The dollar held steady against a basket of currencies on Wednesday, its earlier bounce from two-week lows flagging amid lingering trade conflict concerns. The dollar index against a basket of six major currencies was steady at 94.652 after gaining 0.4 per
Published 28 Jun, 2018 12:00am
Thyssenkrupp nears JV compromise deal with Tata Steel

Thyssenkrupp nears JV compromise deal with Tata Steel

Thyssenkrupp and Tata Steel are nearing a 15 billion euro ($17.4 billion) deal this week to combine their European assets into a global steel giant, sources familiar with the talks told Reuters. Talks to hammer out the final details are progressing well a
Published 28 Jun, 2018 12:00am
CBOT soyabean futures sink on strong US crop prospects

CBOT soyabean futures sink on strong US crop prospects

Chicago Board of Trade soyabean futures fell on Tuesday on strong US crop ratings that have bolstered yield expectations, along with worries about trade tensions between the United States and China, the world's biggest soya buyer, traders said.
Published 28 Jun, 2018 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Tuesday for a second straight session, following declines in allied US soyabean futures, traders said. Traders await plantings data due Friday from Statistics Canada. Trade estimates canola area of 22.4 million acres, h
Published 28 Jun, 2018 12:00am
PMEX daily trading report

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,498. The traded value of Metals, Energy and COTS/FX was recorded at PKR6.672billion and the number of lots traded was 13,244.
Published 28 Jun, 2018 12:00am
European gasoline margins little changed

European gasoline margins little changed

Benchmark northwest European gasoline refining margins were little changed on Tuesday as trading activity remained muted. Barge operations in the port of Rotterdam remained disrupted after an oil spill in the port on Saturday, market participants said.
Published 28 Jun, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 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 28 Jun, 2018 12:00am
South Korea buys 1.7 million tonnes of corn in June

South Korea buys 1.7 million tonnes of corn in June

Another corn purchase by South Korea's largest feedmaker Nonghyup Feed Inc. (NOFI) on Tuesday brought heavy Korean corn buying in June to just over 1.7 million tonnes, traders said. NOFI purchased around 138,000 tonnes of corn expected to be sourced from
Published 28 Jun, 2018 12:00am
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