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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-07-20
BoE consults on plugging gap in plans for replacing Libor
Libor

BoE consults on plugging gap in plans for replacing Libor

The Bank of England published proposals on Tuesday for tailoring its overnight interest rate benchmark to plug a gap in the market and speed up the replacement of Libor. After banks were fined billions of pounds for trying to rig Libor, which measures bor
Published 20 Jul, 2018 12:00am
Deutsche Bank AG declares profit rates

Deutsche Bank AG declares profit rates

Deutsche Bank AG has declared the following average rates of profit on PLS deposits for the period from January to June 2018:

Published 20 Jul, 2018 12:00am
Deutsche Bank AG declares profit rates

Deutsche Bank AG declares profit rates

Deutsche Bank AG has declared the following average rates of profit on PLS deposits for the period from January to June 2018:

Published 20 Jul, 2018 12:00am
PMEX daily trading report

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,559. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.484 billion and the number of lots traded was 9,173.
Published 20 Jul, 2018 12:00am
Canadian canola futures firmer

Canadian canola futures firmer

ICE Canadian canola futures firmed on Tuesday, rebounding from Monday's nine-month low on spillover strength from US soyabean futures and a weaker Canadian dollar, traders said. November canola settled up 90 cents at $488.30 per tonne, one day after dippi
Published 20 Jul, 2018 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the weekly auction for the ninth time in a row on strong demand for quality leaf and tight supplies. Bangladeshi tea fetched an average of 261.46 taka ($2.7) per kg at the new auction centre in Srimangal on Monday, compare
Published 20 Jul, 2018 12:00am
European gasoline margins fall

European gasoline margins fall

Benchmark northwest European gasoline refining margins fell on Tuesday after two refineries restarted gasoline-making units. Petronor said on Tuesday that it was restarting a gasoline-making fluid catalytic cracker at its 220,000 barrels per day (bpd) Bil
Published 20 Jul, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 191,904 tonnes of cargo comprising 148,040 tonnes of import cargo and 43,864 tonnes of export cargo including 8,361 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 20 Jul, 2018 12:00am
Dollar's surge, shortage problem pushing rates higher
Cotton

Dollar's surge, shortage problem pushing rates higher

Dollar's unprecedented rise and short supply of cotton are dominating factors in the local market these days, pushing rates up sharply on shortage problem, dealers said on Thursday. The official spot rate was higher by Rs 200 to Rs 9100, they added. Price
Published 20 Jul, 2018 12:00am
CBOT corn futures rise

CBOT corn futures rise

US corn futures rose on Tuesday as a bigger-than-expected drop in domestic crop ratings fueled concerns that yields may fall short of previous expectations, traders said. September corn futures advanced 4-1/2 cents to $3.46-1/4 a bushel at the Chicago Boa
Published 20 Jul, 2018 12:00am
Phenomenal rise in cotton prices
Cotton

Phenomenal rise in cotton prices

Cotton prices in the domestic market have jumped sharply by about Rs 1600 per maund (37.32 Kgs) within the past three weeks. The inexorable rise in lint prices have been due to lack of any carryover from to outgoing season (August 2017/July 2018), delay i
Published 20 Jul, 2018 12:00am
Phenomenal rise in cotton prices
Cotton

Phenomenal rise in cotton prices

Cotton prices in the domestic market have jumped sharply by about Rs 1600 per maund (37.32 Kgs) within the past three weeks. The inexorable rise in lint prices have been due to lack of any carryover from to outgoing season (August 2017/July 2018), delay i
Published 20 Jul, 2018 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar held firm against its peers on Thursday, supported by bullish comments from the US Federal Reserve chairman, which affirmed expectations for at least two more interest rate hikes this year. In closely watched congressional testimony on Tuesday
Published 20 Jul, 2018 12:00am
Dollar rises to one-year high in Europe
Currency

Dollar rises to one-year high in Europe

The dollar rose to a one-year high on Thursday as investors strengthened bets on the currency's long-term strength following upbeat comments on the US economy by the Federal Reserve's chairman. Jerome Powell did not alter expectations of US monetary polic
Published 20 Jul, 2018 12:00am
Early trade in New York: dollar advances to one-year high
Currency

Early trade in New York: dollar advances to one-year high

The dollar rose to a one-year high against a basket of currencies on Thursday, gaining for a third straight session, as investors further boosted long-term bets on the currency following bullish comments this week on the US economy by Federal Reserve Chai
Published 20 Jul, 2018 12:00am
Dollar pares gains in New York
Currency

Dollar pares gains in New York

The dollar retreated from a three-week high on Wednesday as investors cashed in on gains the currency made after two days of testimony by US Federal Reserve Chairman Jerome Powell reinforced a strong economic outlook. In congressional testimony on Tuesday
Published 20 Jul, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 83.75-83.75 (Previous 83.75-83.75).
Published 20 Jul, 2018 12:00am
Aussie rises, kiwi flat
Currency

Aussie rises, kiwi flat

The Australian dollar rose on Thursday after a solid labour market report but the uptick was contained as the sharp jump in jobs was still not enough to push the unemployment rate lower, while New Zealand's currency was largely steady.
Published 20 Jul, 2018 12:00am
Asian currencies fall against dollar
Currency

Asian currencies fall against dollar

Asian currencies dropped against the dollar on Thursday as concerns over a tariff war between the United States and China endured, keeping investors cautious on regional trades. The dollar retreated from a three-week high against a basket of major peers b
Published 20 Jul, 2018 12:00am
Sterling dives below $1.30, more weakness seen
Currency

Sterling dives below $1.30, more weakness seen

Sterling dived below $1.30 for the first time in 10 months on Thursday, sent lower by weak economic data, a resurgent dollar and uncertainty about how Britain's approaching exit from the European Union will play out. Lacklustre retail sales data for June
Published 20 Jul, 2018 12:00am
Gulf stocks muted; SABIC little changed after Aramco plan

Gulf stocks muted; SABIC little changed after Aramco plan

Gulf stock markets were muted on Thursday, with Saudi Basic Industries Corporation (SABIC) little changed in Saudi Arabia after Saudi Aramco said it was in early talks to acquire a stake in the petrochemical giant. SABIC, the largest listed company in the
Published 20 Jul, 2018 12:00am
Nikkei snaps four-day winning streak

Nikkei snaps four-day winning streak

Japan's Nikkei share average snapped a four-day winning streak in choppy trade on Thursday as investors took profits, with weakness in inbound-tourism related stocks offsetting gains in oil names and machinery makers. The Nikkei's early gains evoporated i
Published 20 Jul, 2018 12:00am
Thursday's early trade: weak earnings, strong dollar hit large-caps

Thursday's early trade: weak earnings, strong dollar hit large-caps

US stocks were set for their biggest drop in a week on Thursday as weak earnings reports were compounded by a strong dollar that not only hit metal prices and weighed on miners, but also raised concerns about future corporate revenue growth. The Federal R
Published 20 Jul, 2018 12:00am
S&P 500 climbs to over five-month high on strong earnings

S&P 500 climbs to over five-month high on strong earnings

The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season. Upbeat earnin
Published 20 Jul, 2018 12:00am
Sri Lankan shares at three-week high

Sri Lankan shares at three-week high

Sri Lankan shares rose on Thursday and marked their highest close in nearly three weeks, led by market heavyweight John Keells Holdings, as foreign buying boosted sentiment. The Colombo stock index ended 0.36 percent firmer at 6,183.02, its highest close
Published 20 Jul, 2018 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday with the yield curve remaining near its flattest in nearly 11 years as Federal Reserve Chairman Jerome Powell stayed on message about a healthy economy before a US House of Representatives committee. Pow
Published 20 Jul, 2018 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday with the yield curve remaining near its flattest in nearly 11 years as Federal Reserve Chairman Jerome Powell stayed on message about a healthy economy before a US House of Representatives committee. Pow
Published 20 Jul, 2018 12:00am
Hong Kong shares drop
Currency

Hong Kong shares drop

Hong Kong shares fell on Thursday, as an accelerated depreciation of the Chinese currency hit airline stocks and soured investor appetite for yuan-based assets. The Hang Seng index fell 0.4 percent, to 28,010.86, while the China Enterprises Index lost 0.5
Published 20 Jul, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower on Thursday, a day ahead of a no-confidence motion against the government, dragged by financial stocks such as Kotak Mahindra Bank Ltd. The broader NSE index closed 0.21 percent lower at 10,957.10, while the benchmark BSE index w
Published 20 Jul, 2018 12:00am
China stocks fall, airlines slump

China stocks fall, airlines slump

China stocks fell on Thursday, dragged by airliners, as the yuan dropped to a one-year low against the dollar after news that Beijing plans to step up monetary easing measures. The blue-chip CSI300 index fell 0.1 percent, to 3,428.34, while the Shanghai C
Published 20 Jul, 2018 12:00am
Earnings disappointments pull European stocks back from month highs

Earnings disappointments pull European stocks back from month highs

A rally in European stocks fizzled out on Thursday as poor results drove down advertising agency Publicis and a slide in metals prices dragged on the market. As the earnings season got into full swing, the pan-European STOXX 600 ended the session 0.2 perc
Published 20 Jul, 2018 12:00am
Australian shares up; New Zealand down

Australian shares up; New Zealand down

Australian shares edged higher on Thursday helped buying in financials and material firms, though broader market gains were checked by generally subdued regional markets amid trade war worries. The S&P/ASX 200 index closed 0.3 percent, or 17.6 points high
Published 20 Jul, 2018 12:00am
Southeast Asian stocks up; Malaysia gains for Ninth session

Southeast Asian stocks up; Malaysia gains for Ninth session

Singapore marked its highest close in over three weeks on Thursday and Malaysia extended gains into a ninth session as positive earnings from Wall Street and the Federal Reserve chairman's view on the US economy buoyed investor sentiment. Markets in Asia
Published 20 Jul, 2018 12:00am
Earnings in focus as FTSE finds support in weaker pound

Earnings in focus as FTSE finds support in weaker pound

Earnings updates were the main focus on Thursday as Britain's top share index inched higher, but it stayed within recent tight ranges as caution over the outcome of Brexit talks predominated. The FTSE 100 ended the session up 0.1 percent at 7,683.97 point
Published 20 Jul, 2018 12:00am
AirAsia announces $30 billion deal for 100 Airbus planes

AirAsia announces $30 billion deal for 100 Airbus planes

Malaysian budget airline AirAsia Thursday announced an additional order of 34 Airbus A330neo planes, bringing the total value of its expanded 100-plane order to $30 billion as it sets its sights on European routes. The first delivery of the jets will arri
Published 20 Jul, 2018 12:00am
Hyperloop project goes to China

Hyperloop project goes to China

Hyperloop Transportation Technologies said Thursday it will team up with a southwestern Chinese city to build a new 10-kilometre (six-mile) test track for its high speed hyperloop transportation system.
Published 20 Jul, 2018 12:00am
Brexit, trade war pose risk to eurozone: IMF
Currency

Brexit, trade war pose risk to eurozone: IMF

The International Monetary Fund on Thursday warned of a number of potential risks to economic growth in the euro area, such as the trade war with the United States, as well as a "lack of progress" in Brexit negotiations. "The euro area economy is still in
Published 20 Jul, 2018 12:00am
Two ex-traders jailed in Euribor rigging case

Two ex-traders jailed in Euribor rigging case

A British court on Thursday handed down jail terms to two former traders for their roles in rigging the Euribor lending rate, a key benchmark in financial markets. Christian Bittar, formerly at Deutsche Bank, played a leading role in the fraud and made an
Published 20 Jul, 2018 12:00am
Airbus fetes first flight of its new 'whale in the sky'

Airbus fetes first flight of its new 'whale in the sky'

European aerospace giant Airbus conducted Thursday the first test flight of the giant new Beluga XL, an even bigger version of the company's workhorse transport plane which has been in service since the mid 1990s.
Published 20 Jul, 2018 12:00am
Japan's Kobe Steel indicted over fake data scandal

Japan's Kobe Steel indicted over fake data scandal

Japanese prosecutors on Thursday indicted Kobe Steel after it admitted to faking strength and quality data, one of the latest corporate scandals that have battered the country's reputation for quality.
Published 20 Jul, 2018 12:00am
Japan exports to US fall, business mood sours

Japan exports to US fall, business mood sours

Japan's exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about US President Donald Trump's protectionist trade policies. Exports to the United States dipped 0.9 percent in June from the
Published 20 Jul, 2018 12:00am
Greece to extend 'golden visa' scheme to lure more investors

Greece to extend 'golden visa' scheme to lure more investors

Greece on Thursday said it will extend its "golden visa" programme to include those investing a minimum of 400,000 euros in the country. In return, recipients will get five-year Greek residency permits which also allow non-European Union citizens to trave
Published 20 Jul, 2018 12:00am
IBM gets boost from new businesses, tops estimates

IBM gets boost from new businesses, tops estimates

International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts' expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.
Published 20 Jul, 2018 12:00am
Poundworld to close all stores costing thousands of jobs

Poundworld to close all stores costing thousands of jobs

Bankrupt British retailer Poundworld will close all of its remaining stores as well as its distribution centre and head office, shedding more than 2,600 jobs, its administrators announced on Thursday. The budget chain, which went into administration last
Published 20 Jul, 2018 12:00am
Comcast drops Fox bid, letting Disney win

Comcast drops Fox bid, letting Disney win

Comcast on Thursday dropped out of a bidding war with Disney for prized film and television operations of Rupert Murdoch's 21st Century Fox, effectively clearing a path to a new landscape in the media-entertainment world. The cable and media giant said in
Published 20 Jul, 2018 12:00am
US weekly jobless claims hit over 48-1/2-year low

US weekly jobless claims hit over 48-1/2-year low

The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low last week as the labor market strengthens further, but trade tensions are casting a shadow over the economy's outlook. Other data on Thursday showed manufactur
Published 20 Jul, 2018 12:00am
Saudi Arabia signs deal for five warships with Spain's Navantia

Saudi Arabia signs deal for five warships with Spain's Navantia

Saudi Arabia's state-owned defence company has forged a deal with Spanish shipbuilder Navantia for a joint venture to build five warships, state media said Thursday. The agreement with Saudi Arabian Military Industries (SAMI) for the design and constructi
Published 20 Jul, 2018 12:00am
China donates 7 million euros to Cameroon's security forces

China donates 7 million euros to Cameroon's security forces

China has donated 6.86 million euros ($7.95 million) to Cameroon's army to boost its "peacekeeping and security operations", state radio reported Thursday. The donation was made on Wednesday by China's ambassador to the central African country, Wang Ying
Published 20 Jul, 2018 12:00am
Philippines, Australia fined and 15 suspended for 'basketbrawl'

Philippines, Australia fined and 15 suspended for 'basketbrawl'

Basketball's governing body FIBA on Thursday handed down hefty fines and suspensions over an ugly on-court melee in Manila between the Philippine and Australian national teams during a World Cup qualifier. Thirteen players and two coaches were suspended f
Published 20 Jul, 2018 12:00am
Thomas triumphs in yellow, but booed on Alpe d'Huez

Thomas triumphs in yellow, but booed on Alpe d'Huez

Geraint Thomas became the first yellow jersey wearer since disgraced Lance Armstrong to triumph on the legendary Alpe d'Huez after a thrilling finale to a punishing Tour de France 12th stage on Thursday. But the Welshman, along with teammate Chris Froome,
Published 20 Jul, 2018 12:00am
Pakistan judo probable short-listed for Asian Games

Pakistan judo probable short-listed for Asian Games

Pakistan Judo Federation Thursday short-listed probable and is hopeful to participate in Asian Games to be held in Indonesia from August 18 to September 2, 2018. The short-listed probable comprising Shah Hussain Shan, Qaisar Khan, Babar Hussain, Nadeem Ak
Published 20 Jul, 2018 12:00am
Lord's to host England's Test clash with Ireland

Lord's to host England's Test clash with Ireland

England's historic first Test match against Ireland will be played at Lord's next July. Ireland made their Test debut against Pakistan at Malahide in May and in 2019 they will head to London for a four-day match against England at the home of cricket from
Published 20 Jul, 2018 12:00am
Kazakh Olympic figure skater stabbed to death

Kazakh Olympic figure skater stabbed to death

Kazakh figure skater Denis Ten, who won bronze at the Sochi Olympics in 2014, died on Thursday aged 25 after being stabbed, Kazakhstan's culture and sports ministry told AFP. Ten died in hospital after medics fought to save his life following the attack i
Published 20 Jul, 2018 12:00am
Sanchez gets visa to join United's US tour

Sanchez gets visa to join United's US tour

Alexis Sanchez is set to join Manchester United's pre-season tour of the United States after the club confirmed the Chile forward's visa issue has been resolved. Sanchez was absent from United's flight to Los Angeles on Sunday due to what the Premier Leag
Published 20 Jul, 2018 12:00am
Hamilton signs blockbuster Mercedes deal to end speculation over future

Hamilton signs blockbuster Mercedes deal to end speculation over future

Lewis Hamilton finally ended speculation over his future on Thursday as the four-time world champion signed a blockbuster two-year contract extension with Mercedes. Hamilton's deal is worth a reported £40 million ($52 million) per year, cementing the Brit
Published 20 Jul, 2018 12:00am
AC Milan challenge UEFA ban at sports court

AC Milan challenge UEFA ban at sports court

AC Milan's senior executives were at the world's top sports court on Thursday fighting to overturn a European ban for breaking UEFA's financial fair play rules. Managing director Marco Fassone, chief financial officer Valentina Montanari and a team of law
Published 20 Jul, 2018 12:00am
India A side thrashed by England Lions

India A side thrashed by England Lions

India's A side crashed to a 253-run defeat against England Lions after the tourists collapsed in a failed run chase on Thursday. The Indians had been set 421 to win at New Road but restricted to 167 for nine with last man Ankit Rajpoot absent hurt. Agains
Published 20 Jul, 2018 12:00am
Brace for yet more spin, Sri Lanka warns Proteas

Brace for yet more spin, Sri Lanka warns Proteas

Rangana Herath warned South Africa Thursday to expect yet more spin in the second Test after the visitors were skittled for their lowest total their lowest total since the Proteas' readmission to international cricket. Sri Lanka are chasing their first Te
Published 20 Jul, 2018 12:00am
Belgian airspace closed over computer glitch

Belgian airspace closed over computer glitch

Belgium on Thursday closed its airspace following a computer glitch linked to problems downloading data related to flight plans, said Belgocontrol, the company tasked with controlling the country's skies. Planes have not been allowed to fly over Belgium s
Published 20 Jul, 2018 12:00am
Haley calls human rights council UN's 'greatest failure'

Haley calls human rights council UN's 'greatest failure'

US Ambassador Nikki Haley on Wednesday described the Human Rights Council as the "greatest failure" of the United Nations as she defended the US decision to quit the UN body. Haley told the Heritage Foundation think tank in Washington that the Geneva-base
Published 20 Jul, 2018 12:00am
UK police identify Novichok suspects as Russians

UK police identify Novichok suspects as Russians

British police believe they have identified the suspects who carried out the Novichok nerve agent attack on a former Moscow double agent and his daughter and that they are Russian, the Press Association news agency reported Thursday.
Published 20 Jul, 2018 12:00am
Syria rebels agree to surrender zone bordering Golan

Syria rebels agree to surrender zone bordering Golan

Syrian rebels have agreed to surrender a sensitive area bordering the Israeli-annexed Golan Heights, a monitor and opposition source said Thursday, the latest in a series of deals expanding regime control over key territory.
Published 20 Jul, 2018 12:00am
Russia, China urge delay as US seeks to cut off oil to North Korea

Russia, China urge delay as US seeks to cut off oil to North Korea

Russia and China on Thursday put a six-month hold on a request from the United States to the UN Security Council to halt all deliveries of refined oil products to North Korea, diplomats said. The United States, seeking to maintain pressure on the North to
Published 20 Jul, 2018 12:00am
Macron unveils new face of France's 'Marianne'

Macron unveils new face of France's 'Marianne'

Flowing curls of hair swept back from a resolute gaze under her phrygian cap: President Emmanuel Macron presented on Thursday a distinctively modern face for France's traditional symbol of its revolutionary values. By custom each new president commissions
Published 20 Jul, 2018 12:00am
UK spy agencies too male and pale

UK spy agencies too male and pale

British spy agencies came under strong criticism on Thursday after a parliamentary committee report revealed the lack of women and ethnic minorities in senior positions. The report revealed that the communications monitoring agency GCHQ had two senior eth
Published 20 Jul, 2018 12:00am
Israel adopts controversial Jewish nation-state law

Israel adopts controversial Jewish nation-state law

Israel's parliament on Thursday adopted a law defining the country as the nation state of the Jewish people, provoking fears it could lead to blatant discrimination against Arab citizens. Arab lawmakers and Palestinians called the law "racist" and said it
Published 20 Jul, 2018 12:00am
'Good Morning, Vietnam' DJ, dies

'Good Morning, Vietnam' DJ, dies

Adrian Cronauer, whose exploits as a US military disc jockey inspired the film "Good Morning, Vietnam" starring Robin Williams, has died at the age of 79. Cronauer, a former US Air Force sergeant, died on Wednesday, according to an obituary published by a
Published 20 Jul, 2018 12:00am
Ethiopia names ambassador to Eritrea as ties thaw

Ethiopia names ambassador to Eritrea as ties thaw

Ethiopia has appointed an ambassador to Eritrea for the first time in 20 years, state-affiliated media reported Thursday, the latest in a series of dizzying peace moves between the neighbours. The announcement follows a flurry of diplomacy between the for
Published 20 Jul, 2018 12:00am
Trump rejects Putin's proposal to let Russia interrogate US citizens

Trump rejects Putin's proposal to let Russia interrogate US citizens

President Donald Trump has rejected a proposal by Vladimir Putin to allow Russian officials to interrogate a former US ambassador and other American citizens, the White House said Thursday. "It is a proposal that was made in sincerity by President Putin,
Published 20 Jul, 2018 12:00am
Trump eyes new Putin meeting, slams media as 'enemy'

Trump eyes new Putin meeting, slams media as 'enemy'

A defiant US President Donald Trump said Thursday he is looking forward to another meeting with Vladimir Putin, assailing media who failed to recognize the "great success" of their first summit as the "enemy of the people."
Published 20 Jul, 2018 12:00am
Shanghai zinc jumps

Shanghai zinc jumps

Shanghai zinc jumped by the daily limit of 6 percent on Thursday and hit a one-week top following a report that the Chinese central bank plans to boost liquidity in the banking sector, while falling inventories and a weaker yuan also underpinned the base
Published 20 Jul, 2018 12:00am
Copper hits one-year low as fund selling accelerates
Currency

Copper hits one-year low as fund selling accelerates

Copper prices plunged to one-year lows on Thursday as fund selling accelerated due to worries about demand from the trade tussle between the United States and top consumer China. Benchmark copper on the London Metal Exchange ended down 1.4 percent at $6,0
Published 20 Jul, 2018 12:00am
Norway oil workers and employers agree deal

Norway oil workers and employers agree deal

Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday. The strike began on July 10 after the Safe union
Published 20 Jul, 2018 12:00am
Brent slips as focus returns to oversupply

Brent slips as focus returns to oversupply

Global benchmark Brent crude dipped on Thursday as concerns about mounting supply returned after a brief rally earlier in the session on comments that Saudi Arabia's exports would fall in August. Crude prices fell from session highs reached after Saudi Ar
Published 20 Jul, 2018 12:00am
Rubber slips

Rubber slips

Benchmark Tokyo rubber futures slid on Thursday on weak Shanghai rubber market and as high stockpiles weighed on prices. The Tokyo Commodity Exchange rubber contract for December delivery finished 1.2 yen lower at 173.2 yen per kg. The most-active rubber
Published 20 Jul, 2018 12:00am
Palm oil drops on sluggish demand, correction
Vegetable Oil

Palm oil drops on sluggish demand, correction

Malaysian palm oil futures edged down after hitting a one week-high in early trade on Thursday, undergoing a technical correction after strong gains in the previous session and on sluggish demand. The benchmark palm oil contract for October delivery on th
Published 20 Jul, 2018 12:00am
New York cocoa at 4-1/2-month low, sugar down

New York cocoa at 4-1/2-month low, sugar down

New York September cocoa futures on ICE fell to the lowest price in 4-1/2 months on arbitrage selling by speculators and easing commercial demand, while ample global supplies weighed on sugar prices. September New York cocoa settled down $45, or 1.9 perce
Published 20 Jul, 2018 12:00am
Gold steadies in New York

Gold steadies in New York

Gold prices steadied on Wednesday as the US dollar eased off a three-week high, following an earlier drop in bullion to a one-year low as bullish comments from US Federal Reserve Chair Jerome Powell boosted the greenback. "The dollar came off a little bit
Published 20 Jul, 2018 12:00am
Gold slumps in Asia

Gold slumps in Asia

Gold extended falls to a one-year low on Thursday as the US dollar firmed after Federal Reserve Chairman Jerome Powell asserted the need for further interest rate hikes amid a strong economy. Spot gold was down 0.2 percent at $1,223.56 an ounce at 0703 GM
Published 20 Jul, 2018 12:00am
Gold sinks to one-year low in Europe

Gold sinks to one-year low in Europe

Gold sank to a one-year low on Thursday as the dollar powered higher after comments from US Federal Reserve chairman Jerome Powell which reaffirmed expectations for more interest rate rises in the world's largest economy. Powell, in a closely watched two-
Published 20 Jul, 2018 12:00am
US MIDDAY: soya slips

US MIDDAY: soya slips

US soyabean futures pulled back on Thursday on concerns about reduced export demand due to Washington's trade fight with China, after rising for the three previous sessions. Corn and wheat futures advanced on concerns about poor weather reducing global ha
Published 20 Jul, 2018 12:00am
US MIDDAY: gold dips to one-year low

US MIDDAY: gold dips to one-year low

Gold sank to a one-year low on Thursday as the dollar rose after comments from Federal Reserve Chairman Jerome Powell that reaffirmed expectations more US interest rate increases are on the way this year. Bullion is highly exposed to US interest rates, as
Published 20 Jul, 2018 12:00am
UBL's clarification

UBL's clarification

Recently, a false impression has been created in certain sections of the media that the President & CEO of UBL has been placed on the Exit Control List (ECL) due to an ongoing FIA Investigation and the related hearing in the Supreme Court of Pakistan. It
Published 20 Jul, 2018 12:00am
Secretary pays surprise visit to Kasur hospital

Secretary pays surprise visit to Kasur hospital

Secretary Primary & Secondary Health Ali Bahadur Qazi during a surprise visit to DHQ hospital Kasur inspected the emergency, indoor wards, TB clinic, children ward, PKLI Hepatitis filter clinic, pathological lab and CT scan in radiology.
Published 20 Jul, 2018 12:00am
Provision of FIRs: LHC seeks reply from home secretary, IGP

Provision of FIRs: LHC seeks reply from home secretary, IGP

The Lahore High Court (LHC) on Thursday sought replies from home secretary Punjab and inspector general of police by Friday (today) in a petition of PML-N seeking directions for provision of FIRs registered against its leaders and workers ahead of arrival
Published 20 Jul, 2018 12:00am
Election duty: Lahore police issued security cards

Election duty: Lahore police issued security cards

The Lahore police on Thursday issued security cards to all police officers who will be deployed inside and outside of all the polling stations in the provincial capital. Deputy Inspector General of Police (Operations) Shahzad Akbar told reporters that all
Published 20 Jul, 2018 12:00am
'PEC, IPC to place engineering interns in different sectors'

'PEC, IPC to place engineering interns in different sectors'

The Pakistan Engineering Council (PEC) in collaboration with Ministry of Inter Provincial Coordination (IPC) is working on placement of engineering interns in different public/private organizations/companies under Prime Minister's Youth Training Scheme (P
Published 20 Jul, 2018 12:00am
Prime Minister vows to ensure free and fair elections

Prime Minister vows to ensure free and fair elections

The Caretaker Prime Minister Nasir-ul-Mulk in a meeting with the interim Chief Minister Dr Hasan Askari, here at Governor's House Thursday reiterated the commitment of ensuring holding of free, fair and transparent elections. During the meeting, different
Published 20 Jul, 2018 12:00am
Customs duty collection registers 36 percent increase per annum

Customs duty collection registers 36 percent increase per annum

Collector of Customs, Model Customs Collectorate (Appraisement) Lahore, Muhammad Jamil Nasir, claimed on Thursday that customs duty collection has registered an increase of 36 percent per annum because of the reforms he has introduced at the dry ports. "T
Published 20 Jul, 2018 12:00am
Sino-Pak Buffalo Research Centre to be set up

Sino-Pak Buffalo Research Centre to be set up

The Guangxi Buffalo Research Institute (GXBRI), Nanning, China and University of Veterinary and Animal Science Lahore on Thursday signed an agreement for setting up of 'Sino-Pakistan Joint Buffalo Research Centre'. According to the university's spokesman,
Published 20 Jul, 2018 12:00am
A threat is there to political leaders, admits minister

A threat is there to political leaders, admits minister

Punjab Minister for Information and Culture Ahmed Waqas Riaz has said that there is a threat to some political leaders who have also been informed and the Punjab government is ready to provide maximum security facilities to them.
Published 20 Jul, 2018 12:00am
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