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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-07-07
Biopic spotlights troubled life of Bollywood's 'Deadly Dutt'

Biopic spotlights troubled life of Bollywood's 'Deadly Dutt'

A Indian biopic out this week charts the troubled life of Bollywood star Sanjay Dutt, including his battles with drug addiction and jail time for keeping illegal weapons. The Hindi-language actor, nicknamed "Deadly Dutt", served over four years in prison
Published 07 Jul, 2018 12:00am
Dutch expel two Iranian embassy staff

Dutch expel two Iranian embassy staff

The Netherlands last month expelled two workers from the Iranian embassy, the Dutch intelligence agency said Friday, without revealing the reason for their expulsions. "Two workers from the Iranian embassy were expelled from the Netherlands on June 7," AI
Published 07 Jul, 2018 12:00am
UK police hunt object that poisoned couple with nerve agent

UK police hunt object that poisoned couple with nerve agent

Police on Friday raced to find the object that contaminated a British couple with the Soviet-made Novichok nerve agent in southwestern England where a former Russian spy was poisoned with the same toxin four months ago.
Published 07 Jul, 2018 12:00am
Sterling rises to eight-day high
Currency

Sterling rises to eight-day high

Sterling rose to an eight-day high on Friday as traders awaited the outcome of last-ditch efforts by Prime Minister Theresa May to unite her government over plans for Britain's future outside the European Union.
Published 07 Jul, 2018 12:00am
Sri Lanka rupee falls for fifth session
Currency

Sri Lanka rupee falls for fifth session

The Sri Lankan rupee fell for a fifth straight session on Friday on importer dollar demand and dealers said they expected the local currency to decline further.
Published 07 Jul, 2018 12:00am
Asia forex: most Asian currencies range-bound

Asia forex: most Asian currencies range-bound

Most Asian currencies traded in thin range on Friday, with investors anxious after US sanctions on some goods imported from China took effect, potentially setting the world's two biggest economies on their way to a full-blown trade war.
Published 07 Jul, 2018 12:00am
Aussie, kiwi steadies

Aussie, kiwi steadies

The Australian and New Zealand dollars steadied on Friday as the long-dreaded launch of US tariffs on Chinese imports drew a muted response from markets where much of the negative news had already been priced in. The Aussie dollar was holding its nerve at
Published 07 Jul, 2018 12:00am
Dollar drops to three-week low in New York
Currency

Dollar drops to three-week low in New York

The dollar fell to three-week lows on Thursday as strong German industrial orders boosted the euro while US data showed private sector jobs rose less than expected in June, weighing on the greenback along with nagging trade concerns.
Published 07 Jul, 2018 12:00am
Dollar weakens in Europe as US tariffs kick in
Currency

Dollar weakens in Europe as US tariffs kick in

The dollar fell on Friday as the United States and China slapped tariffs on the other's imports, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focusing on a US jobs report due later in the day.
Published 07 Jul, 2018 12:00am
Dollar little changed against peers in Asia
Currency

Dollar little changed against peers in Asia

The dollar stood little changed against its peers on Friday and investor caution prevailed with US tariffs on Chinese goods taking effect and market participants turning their attention to the closely-watched US jobs report due later in the day.
Published 07 Jul, 2018 12:00am
Egypt says has primary budget surplus as seeks to revive economy

Egypt says has primary budget surplus as seeks to revive economy

Egypt announced on Thursday it had a primary budget surplus for the first time in 15 years and said it was committed to paying oil companies' debts by end of 2019 as it seeks to lure investors to revive a crisis-hit economy. Cairo has enacted a raft of to
Published 07 Jul, 2018 12:00am
UK firms hire permanent staff at weakest pace in eight months

UK firms hire permanent staff at weakest pace in eight months

British employers hired permanent staff last month at the slowest pace since October as a shortage of available workers caused the labour market to slow, a survey of recruitment firms showed on Friday. Growth in starting salaries for permanent workers als
Published 07 Jul, 2018 12:00am
Road block for Uber-Grab deal in Singapore

Road block for Uber-Grab deal in Singapore

Singapore on Thursday threatened to reverse the sale of Uber's Southeast Asian business to Grab, calling for changes to be made to the deal, which it said infringed competition rules. Singapore-based Grab in March agreed to buy Uber's food and ride-hailin
Published 07 Jul, 2018 12:00am
Canada creates more jobs than expected, rate hike seen likely

Canada creates more jobs than expected, rate hike seen likely

The Canadian economy added more jobs than expected in June, helping cement market expectations that the Bank of Canada will raise interest rates for the fourth time in a year next week. Statistics Canada said on Friday that 31,800 positions had been creat
Published 07 Jul, 2018 12:00am
Airbus left waiting for expanded AirAsia A330neo jet deal

Airbus left waiting for expanded AirAsia A330neo jet deal

Airbus has failed to break deadlock with AirAsia over the fate of a multi-billion-dollar order seen as key to the future of its A330neo passenger jet, people familiar with the matter said. AirAsia co-founder Tony Fernandes visited the planemaker this week
Published 07 Jul, 2018 12:00am
Italy aims to lift 2019 deficit/GDP target to around 1.4 percent

Italy aims to lift 2019 deficit/GDP target to around 1.4 percent

Italy's new government plans to raise its deficit target for 2019 to around 1.4 percent of economic output against a goal of 0.8 percent drawn up by the previous administration, two sources said on Friday. Economy Minister Giovanni Tria told parliament on
Published 07 Jul, 2018 12:00am
UK readies new Brexit offer as Jaguar issues dire warning

UK readies new Brexit offer as Jaguar issues dire warning

Carmaker Jaguar Land Rover on Thursday became the latest company to warn that new trade barriers with Europe could imperil thousands of jobs and billions in investment in Britain, as the government headed into a high-stakes meeting to decide the fate of B
Published 07 Jul, 2018 12:00am
FIFA tells Putin world is 'in love' with Russia

FIFA tells Putin world is 'in love' with Russia

FIFA president Gianni Infantino told President Vladimir Putin on Friday the world was "in love" with World Cup hosts Russia and praised him for overcoming negative stereotypes about the country. Infantino spoke at a meeting with Putin and former world foo
Published 07 Jul, 2018 12:00am
Sakai becomes third Japan star to quit after World Cup exit

Sakai becomes third Japan star to quit after World Cup exit

Defender Gotoku Sakai has become the third Japanese player to retire from international duty on the heels of the squad's heartbreaking World Cup exit following a last-gasp defeat to Belgium. "I have always tried to support the team, but I couldn't return
Published 07 Jul, 2018 12:00am
Advantage Serena as Venus joins seeds exit at Wimbledon

Advantage Serena as Venus joins seeds exit at Wimbledon

Serena Williams boosted her chances of winning an eighth Wimbledon and 24th Grand Slam by making the fourth round at the All England Club on Friday as big sister Venus fell victim to the curse of the seeds. Serena, seeded a modest 25 this year, enjoyed a
Published 07 Jul, 2018 12:00am
Gabriel inspired West Indies crush Bangladesh

Gabriel inspired West Indies crush Bangladesh

Shannon Gabriel completed his third five-wicket haul in five innings as the West Indies completed a crushing victory over Bangladesh by an innings and 219 runs just before lunch on the third day of the first Test in Antigua on Friday. Wicketless in the de
Published 07 Jul, 2018 12:00am
Germany boss admits mistakes over Ozil at World Cup

Germany boss admits mistakes over Ozil at World Cup

In the wake of their shock World Cup exit, Germany team boss Oliver Bierhoff has said Mesut Ozil should have been dropped over a pre-tournament scandal involving Turkey president Recep Tayyip Erdogan. Ozil, 29, is one of a group of senior players slammed
Published 07 Jul, 2018 12:00am
Maxwell powers Australia to T20 win over Zimbabwe

Maxwell powers Australia to T20 win over Zimbabwe

Glenn Maxwell paid tribute to coach Justin Langer after cracking 56 to help Australia beat Zimbabwe with a ball to spare in Harare on Friday. Zimbabwe batted first and made 151 for nine wickets in their 20 overs, led by 63 from Solomon Mire.
Published 07 Jul, 2018 12:00am
FTSE inches higher, shrugging off trade tensions

FTSE inches higher, shrugging off trade tensions

The UK's top share index rose on Friday, shrugging off any worries over global trade after US tariffs on Chinese goods took effect. The blue chip FTSE 100 index was up 0.2 percent at 7,617.70 points at its close, while mid caps were flat in percentage ter
Published 07 Jul, 2018 12:00am
Southeast Asian markets largely fall

Southeast Asian markets largely fall

Most Southeast Asian stock markets fell on Friday, with Singapore declining 2 percent to a 14-month closing low, as Washington's tariffs on Chinese goods took effect, escalating fears of a full-blown trade war between the world's top two economies.
Published 07 Jul, 2018 12:00am
European shares buoyant, shrugging off trade war worries

European shares buoyant, shrugging off trade war worries

European shares climbed on Friday as traders said an escalating trade dispute between the United States and China - with US tariffs on $34 billion in Chinese imports taking effect and China immediately retaliating - was factored in to prices.
Published 07 Jul, 2018 12:00am
Chinese shares extend weekly losses

Chinese shares extend weekly losses

China's stocks clawed back earlier losses on Friday but lengthened a string of weekly declines as Washington's tariffs on Chinese goods took effect, escalating the trade row between the world's two largest economies. The yuan weakened against the dollar o
Published 07 Jul, 2018 12:00am
Indian shares higher; Reliance Industries boosts

Indian shares higher; Reliance Industries boosts

Indian shares ended higher on Friday, posting their sixth weekly gain in seven, while sentiment across the globe improved as investors calmly absorbed the imposition of tariffs by the United States and China. The benchmark BSE index closed 0.23 percent hi
Published 07 Jul, 2018 12:00am
US yield curve stays historically flat

US yield curve stays historically flat

US shorter-dated Treasury yields increased slightly on Thursday following the Federal Reserve's release of the minutes from its latest policy meeting, where it hinted at the probability of raising short-term interest rates twice more in 2018. The US yield
Published 07 Jul, 2018 12:00am
US yield curve stays historically flat

US yield curve stays historically flat

US shorter-dated Treasury yields increased slightly on Thursday following the Federal Reserve's release of the minutes from its latest policy meeting, where it hinted at the probability of raising short-term interest rates twice more in 2018. The US yield
Published 07 Jul, 2018 12:00am
Australian shares up; New Zealand at record high

Australian shares up; New Zealand at record high

Australian shares ended higher on Friday, led by gains in the financial sector and a stronger overnight lead from Wall Street, while the US's imposition of tariffs on Chinese goods appeared to have no notable negative impact on sentiment.
Published 07 Jul, 2018 12:00am
Wall Street rises on US-EU trade relations optimism

Wall Street rises on US-EU trade relations optimism

Wall Street's major indexes rose on Thursday as reports that the United States and the European Union may agree to withdraw auto tariffs fostered optimism on international trade relations among investors. German Chancellor Angela Merkel said she would bac
Published 07 Jul, 2018 12:00am
Nikkei snaps four-day losing streak

Nikkei snaps four-day losing streak

Tokyo's benchmark Nikkei index snapped a four-day losing streak on Friday, tracking Wall Street gains on optimism about US-EU trade talks despite Washington's escalating trade war with China. The Nikkei 225 index advanced 1.12 percent, or 241.15 points, t
Published 07 Jul, 2018 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares edged lower on Friday in moderate volume as selling in late trade weighed on the market after the central bank cut its economic growth estimate. Economic growth in 2018 is likely to be between 4 percent and 4.5 percent, falling short of
Published 07 Jul, 2018 12:00am
China counterpunches against US in growing trade war

China counterpunches against US in growing trade war

China on Friday struck back against US President Donald Trump's trade offensive, intensifying the expanding and unpredictable dispute between the world's two largest economies. Late Friday, China announced it was expanding its existing complaint against t
Published 07 Jul, 2018 12:00am
US job growth strong; unemployment rate rises

US job growth strong; unemployment rate rises

US job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.
Published 07 Jul, 2018 12:00am
World aircraft market to get boost from low-cost: Airbus

World aircraft market to get boost from low-cost: Airbus

Rising demand in emerging economies and the soaring success of low-cost airlines is set to raise the market's need for passenger jets over the next two decades, Airbus said Friday. In a revised market outlook, the European planemaker put the value of near
Published 07 Jul, 2018 12:00am
Bitcoin exchange brings on technology chief
Kerb

Bitcoin exchange brings on technology chief

A bitcoin exchange headed by Cameron and Tyler Winklevoss announced Friday it hired a former New York Stock Exchange executive to head its technology team as it seeks to bring cryptocurrency to a wider market. Robert Cornish, former chief information offi
Published 07 Jul, 2018 12:00am
Credit Suisse creates new anti-sexual harassment role

Credit Suisse creates new anti-sexual harassment role

Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, as Switzerland's second-biggest bank seeks to boost equal opportunities and create a fair treatment environment.
Published 07 Jul, 2018 12:00am
Russia hikes duties on US imports, pledges more retaliation

Russia hikes duties on US imports, pledges more retaliation

Russia said on Friday it was imposing additional import duties on some US industrial goods after the United States slapped tariffs on steel and aluminium imports, and warned that more retaliatory steps could be in the pipeline.
Published 07 Jul, 2018 12:00am
Samsung posts 5.2 percent rise in second quarter profit

Samsung posts 5.2 percent rise in second quarter profit

South Korean telecom giant Samsung Electronics on Friday flagged a 5.2 percent rise in its second quarter operating profit from a year earlier, missing analyst estimates. Samsung's operating profit is expected to come to 14.8 trillion won ($13.2 billion)
Published 07 Jul, 2018 12:00am
Samsung posts 5.2 percent rise in second quarter profit

Samsung posts 5.2 percent rise in second quarter profit

South Korean telecom giant Samsung Electronics on Friday flagged a 5.2 percent rise in its second quarter operating profit from a year earlier, missing analyst estimates. Samsung's operating profit is expected to come to 14.8 trillion won ($13.2 billion)
Published 07 Jul, 2018 12:00am
Rolls-Royce sells commercial marine unit

Rolls-Royce sells commercial marine unit

British engine maker Rolls-Royce announced Friday it has agreed to sell its loss-making commercial marine business to Norwegian industrial group Kongsberg for £500 million. The deal, worth $661 million, is part of a massive overhaul led by chief executive
Published 07 Jul, 2018 12:00am
Trade fears persist despite brighter German data

Trade fears persist despite brighter German data

German industrial output bounced back in May, suggesting that factories in Europe's largest economy are gathering steam again after a weak start to the year, but Finance Minister Olaf Scholz warned that an escalating trade war could weigh on growth.
Published 07 Jul, 2018 12:00am
Soyameal eases on European feeds market

Soyameal eases on European feeds market

Asking prices for soyameal on the European meals and feeds market eased on Tuesday because of worries about the ongoing trade dispute between the US and China. South American soyameal was mostly offered between unchanged and $5 a tonne lower, following th
Published 07 Jul, 2018 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the weekly auction for the seventh time in a row on strong demand for quality leaf despite a higher volume on offer. Bangladeshi tea fetched an average of 251.20 taka ($2.7) per kg in the port city of Chittagong on Tuesday
Published 07 Jul, 2018 12:00am
Cotton prices higher on rising demand
Cotton

Cotton prices higher on rising demand

Prices showed further increase on the cotton market on Friday amid rising demand by spinners, dealers said. The official spot rate rose by Rs 100 to Rs 8100, they added. Prices of seed cotton in Sindh at Rs 3800-4100 in the Punjab, rates were at Rs 3500-4
Published 07 Jul, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 168,203 tonnes of cargo comprising 106,495 tonnes of import cargo and 61,708 tonnes of export cargo including 7,661 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 07 Jul, 2018 12:00am
Shanghai rebar steel rises
Currency

Shanghai rebar steel rises

Shanghai rebar steel futures rose on Wednesday after China said it will intensify the closure of outdated and excess steel capacity from this year through 2020 as part of its anti-pollution plan. But prices ended well below the day's peaks as a growing tr
Published 07 Jul, 2018 12:00am
European gasoline margins slip, exports to US edge higher

European gasoline margins slip, exports to US edge higher

Benchmark northwest European gasoline refining margins slightly declined on Wednesday amid thin trade due to public holiday in the United States. The arbitrage from Europe to the US East Coast remained wide open. Exports from the region rose in recent day
Published 07 Jul, 2018 12:00am
Euronext wheat futures rise to three-week high

Euronext wheat futures rise to three-week high

Euronext wheat futures extended gains on Wednesday to a three-week high as concern that adverse weather will reduce harvest yields and quality in France and elsewhere in Europe remained the centre of attention. December milling wheat, the most active posi
Published 07 Jul, 2018 12:00am
Canadian canola futures dip

Canadian canola futures dip

ICE Canadian canola futures dipped on Tuesday for a fourth straight day, pressured by weakness in US soya prices and the prospect of big North American oilseed crops. Conditions in parts of Western Canada are dry, but canola plantings are large overall an
Published 07 Jul, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,530. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.907 billion and the number of lots traded was 7,026.
Published 07 Jul, 2018 12:00am
Corrections
Cotton

Corrections

In the Cotton Analysis published on Friday, July 6, 2018 at page 18, the name of the writer was not mentioned, so it may be read as Dr Zafar Hassan. This omission is regretted.
Published 07 Jul, 2018 12:00am
Inequality is inhumanity

Inequality is inhumanity

India is the most dangerous place for women in the world. This is shocking for a country that perhaps has the second largest number of women i.e. 586.47 million in the world. This number is more than the total population of women in EU, Australia, Canada,
Published 07 Jul, 2018 12:00am
War on plastic leaves manufacturers clutching at straws

War on plastic leaves manufacturers clutching at straws

For decades, plastic straws have been essential props for cocktail makers, smoothie lovers and fast food addicts. But that may be starting to change, thanks largely to vigorous environmental campaigning.
Published 07 Jul, 2018 12:00am
Revenge of a forgotten medical 'genius'

Revenge of a forgotten medical 'genius'

It's not an uncommon fate for a pioneering scientist: languishing unrecognised in his time before dying in obscurity. But as his 200th birthday approaches, the life-saving work of a Hungarian obstetrician is finally getting its due.
Published 07 Jul, 2018 12:00am
'High-performing' cyberdoc puts British GPs on defensive

'High-performing' cyberdoc puts British GPs on defensive

A medical chatbot said to perform as well as or even better than human doctors has sparked a war of words in Britain, in a clash over how much the cash-strapped public health service should rely on artificial intelligence. AI company Babylon, which is alr
Published 07 Jul, 2018 12:00am
ART FACTS: A perceptible difference

ART FACTS: A perceptible difference

There is a perceptible difference in the role and status of women in different societies and cultures around the world. Keeping that in mind artist Seyhr Qayum tried to find out through her paintings what status our society established for women - liberal
Published 07 Jul, 2018 12:00am
Traces of history

Traces of history

Murad Khan's figurative artworks in a solo show at Full Circle Gallery, Karachi were reflections of ancient history. The artist shared the glimpses of rich heritage which he explored since his childhood. Belonging to Swat valley he used to roam the valley
Published 07 Jul, 2018 12:00am
TECH parenting style could help kids manage their media use

TECH parenting style could help kids manage their media use

The TECH parenting style, an acronym for Talk, Educate, Co-view and House Rules, could help families manage screen time at home, researchers say. As parents figure out their own media use habits, they can also help their children understand how to monitor
Published 07 Jul, 2018 12:00am
Good social media experiences don't outweigh bad ones for young adults

Good social media experiences don't outweigh bad ones for young adults

For young adults, the adverse effect of negative social media experiences on mental health outweigh any potential benefits of positive experiences, a study of university students suggests. Each 10 percent increase in a student's negative experiences on so
Published 07 Jul, 2018 12:00am
'Slow but sure' progress toward less toxic tools to fight cancer

'Slow but sure' progress toward less toxic tools to fight cancer

John Ryan is just one of the miracles to emerge from the Johns Hopkins cancer unit in Baltimore. An immunotherapy treatment - highly effective in a minority of patients - saved his life after a lung cancer diagnosis. The retired military nuclear reactor s
Published 07 Jul, 2018 12:00am
The ancient giants of Yosemite, under a billion stars

The ancient giants of Yosemite, under a billion stars

The Mariposa Grove of Giant Sequoias, at the heart of California's Yosemite National Park, is home to 500 of the towering trees - many at least 2,000 years old, having sprouted around the time of Jesus Christ. One of the world's 65 remaining natural sequo
Published 07 Jul, 2018 12:00am
Michael Jackson returns posthumously on Drake album

Michael Jackson returns posthumously on Drake album

Nearly a decade after his death, Michael Jackson is out with new music in a guest appearance on the keenly awaited new album by Drake. The late King of Pop appears in a song on "Scorpion," the fifth studio album by the Toronto hip-hop star who pulled anot
Published 07 Jul, 2018 12:00am
Convicted

Convicted

Former Prime Minister Nawaz Sharif on Friday was awarded a 10-year sentence in prison and a fine of GBP 8 million while his daughter Maryam Nawaz was sentenced for seven years in prison with a GBP 2 million fine in the Avenfield reference. The Accountabil
Published 07 Jul, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 07 Jul, 2018 12:00am
Convicted

Convicted

Former Prime Minister Nawaz Sharif on Friday was awarded a 10-year sentence in prison and a fine of GBP 8 million while his daughter Maryam Nawaz was sentenced for seven years in prison with a GBP 2 million fine in the Avenfield reference. The Accountabil
Published 07 Jul, 2018 12:00am
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