Ministry of Commerce and Textile has turned down Finance Ministry's proposal about increase in Regulatory Duty (RD) on hundreds of tariff lines, saying that any such move will fuel inflation without having any negative impact on imports, well informed sou
Ministry of Commerce and Textile has turned down Finance Ministry's proposal about increase in Regulatory Duty (RD) on hundreds of tariff lines, saying that any such move will fuel inflation without having any negative impact on imports, well informed sou
Pakistan People's Party (PPP) senior leader Syed Khurshid Shah on Wednesday said that the Pakistan People's Party (PPP), Pakistan Muslim League-Nawaz (PML-N), Muttahida Majlis-e-Amal (MMA) and other parties will field a joint candidate for the Prime Minis
Pakistan People's Party (PPP) senior leader Syed Khurshid Shah on Wednesday said that the Pakistan People's Party (PPP), Pakistan Muslim League-Nawaz (PML-N), Muttahida Majlis-e-Amal (MMA) and other parties will field a joint candidate for the Prime Minis
The Federal Investigation Agency (FIA) Wednesday again summoned former President Asif Ali Zardari and his sister Faryal Talpur to appear before Joint Investigation Team (JIT) on August 4 in money laundering case. The duo has been summoned to appear in the
The Federal Investigation Agency (FIA) Wednesday again summoned former President Asif Ali Zardari and his sister Faryal Talpur to appear before Joint Investigation Team (JIT) on August 4 in money laundering case. The duo has been summoned to appear in the
National Accountability Bureau (NAB) on Wednesday decided to file a corruption reference against former Prime Minister Syed Yousaf Raza Gilani and authorized an investigation against Owais Muzaffar Tappi, former minister for local government in Sindh.
National Accountability Bureau (NAB) on Wednesday decided to file a corruption reference against former Prime Minister Syed Yousaf Raza Gilani and authorized an investigation against Owais Muzaffar Tappi, former minister for local government in Sindh.
The 212th Corps Commanders' Conf-erence held at General Headquarters presided by Chief of Army Staff (CoAS) General Qamar Javed Bajwa, reviewed geo-strategic environment, regional peace and internal security situation of the country.
The 212th Corps Commanders' Conf-erence held at General Headquarters presided by Chief of Army Staff (CoAS) General Qamar Javed Bajwa, reviewed geo-strategic environment, regional peace and internal security situation of the country.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 01, 2018).
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
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
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,413. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.900 billion and the number of lots traded was 16,536. Major business was contributed by gold amo
Chicago Board of Trade corn futures rose to a 1-1/2 month high on Tuesday on forecasts for dry weather in the US Midwest and spillover support from sharply higher soybeans. CBOT September corn futures ended 5 cents higher at $3.72-1/4 per bushel, the high
Chicago Board of Trade wheat futures climbed to a two-month peak on Tuesday and closed higher for a second straight session on worries about tightening global supplies due to weather-reduced crops in key production areas around the world. CBOT September s
Rainfall was below average last week in most of top grower Ivory Coast's cocoa regions but farmers said that soil moisture was still sufficient to support a healthy harvest when the main crop opens in October. Farmers said that small pods were developing
Shanghai rebar steel futures climbed to their strongest in more than five years on Tuesday, posting their best month in eight as output curbs in China aimed at fighting pollution tightened supply in the world's top consumer and producer. The city of Chang
The Karachi Port handled 192,922 tonnes of cargo comprising 172,999 tonnes of import cargo and 19,923 tonnes of export cargo including 9,387 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Cotton prices stabilised on the local market on Wednesday as the dollar showed limited gains against the rupee in the process of trading, dealers said. The official spot rate halted fresh decline, maintaining overnight level at Rs 8800, they added. Prices
European wheat surged to new three-year highs on Tuesday in the wake of a rally on US markets before paring most of the gains as the rally in Chicago wheat receded. Benchmark December milling wheat on Paris-based Euronext, unofficially closed up 0.3 perce
Viktor Axelsen and Nozomi Okuhara stormed into the third round to stay on course for back-to-back men's and women's titles at the badminton world championships on Wednesday. Denmark's Axelsen, the top seed and men's world number one, subdued a spirited fi
Jose Mourinho was finally given something to smile about as a tempestuous trip to the United States ended with Man United's 2-1 win over former club Real Madrid thanks to first-half strikes from Alexis Sanchez and Ander Herrera. Mourinho has cut a miserab
Wicketkeeper-batsman Quinton de Kock hit an attacking 87 to guide South Africa to a four-wicket win over Sri Lanka in the second one-day international in Dambulla on Wednesday. Chasing 245 for victory, the visitors rode on a 91-run opening partnership bet
Afghanistan's Rashid Khan, the world's top ranked Twenty20 bowler, has boosted Sussex's chances of reaching the knockout stages of the English county T20 Blast competition by committing to them for all of their group games. The 19-year-old leg-spinner - w
Wrestler Inam Butt has been declared unfit for the upcoming Asian Games being taking place in Jakarta and Palembang from August 18 to September 2. However, the Pakistani wrestling squad for the upcoming Asian Games is yet to be finalised. The wrestler Ina
Pakistan has averted an Asian Games boycott by its hockey players after the country's federation gave assurances that overdue daily allowances would be paid in full before the multi-sports event begins in Indonesia later this month. The Pakistan men's tea
Serena Williams suffered the most lopsided loss of her career at the WTA San Jose event on Tuesday, losing the final 12 games in a shocking first-round upset to unseeded Johanna Konta. The 23-time Grand Slam winner struggled mightily against the British N
Kesrick Williams' career-best bowling figures and a hurricane batting cameo by Andre Russell highlighted an efficient effort by the West Indies in defeating Bangladesh by seven wickets in the rain-affected opener of the three-match T20 International serie
France's Ligue 1 will use the video assistant referee (VAR) system in every game in the coming season, the French football federation said on Wednesday. The French league voted in December to adopt VAR and the technology was tried out in the later stages
Nepal suffered a dramatic collapse when they lost nine wickets for just 49 runs to go down to a 55-run defeat to the Netherlands in their maiden one-day international on Wednesday. Chasing a modest 190 to win, Nepal, playing their first 50-over game since
England captain Joe Root's wait to score his 14th Test hundred continued in frustrating fashion when he was run out for 80 in a mix-up with Yorkshire team-mate Jonny Bairstow on the first day of the series opener on Wednesday.
Joblessness in Germany held fast at record lows in July, official data showed Tuesday, as employers in Europe's powerhouse economy shrug off concerns about global trade tensions. Just 5.2 percent of workers were unemployed in July, when adjusted for seaso
China will keep its economic growth within a reasonable range and achieve this year's growth target despite challenges, the state-run Xinhua news agency said on Tuesday, amid an intensifying trade war with the United States. The world's second-largest eco
Major Japanese carriers All Nippon Airways (ANA) and Japan Airlines (JAL) on Tuesday reported sluggish April-June profits as fuel costs weighed despite higher revenues. Both airlines left their full-year guidance unchanged, bracing for annual profit drops
The International Monetary Fund on Tuesday urged Greece to be "realistic" about its economic goals, and reiterated the longstanding concern the country may yet need additional debt relief. The IMF board welcomed the agreement Athens reached with the Europ
The Reserve Bank of India raised interest rates for the second straight meeting on Wednesday, but retained its "neutral" stance as it aimed to contain inflation while not choking growth. The RBI's Monetary Policy Committee (MPC) raised the repo rate by 25
Procter & Gamble reported a drop in quarterly earnings Tuesday following a mixed sales performance in its consumer products portfolio, with the shaving business continuing to struggle. P&G, whose products include Crest toothpaste and Tide detergent, said
Procter & Gamble reported a drop in quarterly earnings Tuesday following a mixed sales performance in its consumer products portfolio, with the shaving business continuing to struggle. P&G, whose products include Crest toothpaste and Tide detergent, said
Brazil-based Embraer, the world's third biggest aircraft manufacturer, posted losses on Tuesday of 467 million reais ($126 million) for the second quarter of 2018. This followed a first-quarter loss of $12.3 million and was down from net income of 201 mil
Brazil-based Embraer, the world's third biggest aircraft manufacturer, posted losses on Tuesday of 467 million reais ($126 million) for the second quarter of 2018. This followed a first-quarter loss of $12.3 million and was down from net income of 201 mil
The Turkish central bank on Tuesday sharply hiked its inflation forecast for 2018 to well over 13 percent, putting new pressure on the embattled lira and raising fears over the extent of price pressure in the economy. Turkey has been dogged in recent mont
The Turkish central bank on Tuesday sharply hiked its inflation forecast for 2018 to well over 13 percent, putting new pressure on the embattled lira and raising fears over the extent of price pressure in the economy. Turkey has been dogged in recent mont
The US dollar edged up against the yuan and growth-leveraged currencies on Wednesday after a source familiar with the Trump administration's plans said the White House was about to propose higher tariffs on $200 billion in Chinese imports.
The euro struggled on Wednesday as fears of an escalation in the trade dispute between the United States and China boosted the dollar and a survey showing subdued euro zone manufacturing growth in July kept investors cautious.
The US dollar edged higher against a basket of peers on Wednesday, as major currencies traded in narrow ranges ahead of the conclusion of the Federal Open Market Committee meeting later in the day. Fears of an escalation in the trade dispute between the U
The dollar jumped against the yen on Tuesday, after the Bank of Japan said it intends to keep rates low for an "extended period of time," and the greenback was firm against a basket of peers ahead of the conclusion of the US Federal Reserve's two-day mone
The Sri Lankan rupee ended marginally firmer in dull trade on Wednesday as selling off dollars by banks surpassed mild demand for greenbacks from importers, traders said. The rupee, which traded at 159.75 rupees per dollar during the day, ended firmer at
Most Asian currencies took to the sidelines on Wednesday, with China's yuan choppy amid media reports that Washington plans to raise tariffs on $200 billion of imported Chinese goods. Overall, traders were reluctant to make any big bets on regional curren
The Australian dollar skidded on Wednesday after three straight winning sessions on reports Washington was considering slapping higher import tariffs on Chinese goods while the New Zealand dollar dipped on disappointing jobs data. The Australian dollar, a
Sterling held near a one-week low on Wednesday before a Bank of England policy meeting that is widely expected to see interest rates raised for only the second time since the global financial crisis. Bond markets have priced in a quarter-point increase to
Qatar's stock market closed at its highest level for 14 months, led by banking stocks and overtaking Saudi Arabia as the top-performing index in the Gulf region while other markets were mixed amid lacklustre trading. The benchmark Qatari index jumped 1.5
Japan's Nikkei share average rose on Wednesday, brushing a 12-day high, buoyed by strong earnings for blue chips such as Sony and Sharp and the yen's slide to near two-week lows against the dollar. The Nikkei ended the day up 0.86 percent at 22,746.70 aft
The benchmark S&P 500 index dipped on Wednesday, ahead of the Federal Reserve's decision on interest rates, but Apple's robust earnings lifted the technology sector and the Nasdaq. The US central bank is expected to keep interest rates unchanged in an ann
US stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China. Both the S&P 500 and the Dow Jones Industrial Average posted their biggest monthly percentage gains
Indian shares shed early gains to end lower on Wednesday, pulled down by financial and auto stocks, after the central bank raised interest rates for the second straight meeting. The RBI's Monetary Policy Committee (MPC) raised the repo rate by 25 basis po
US Treasury yields were little changed on Tuesday amid widespread expectations the Federal Reserve would leave interest rates unchanged when it announces its latest policy decision on Wednesday. Only 3 percent of traders believe a rate hike will be announ
US Treasury yields were little changed on Tuesday amid widespread expectations the Federal Reserve would leave interest rates unchanged when it announces its latest policy decision on Wednesday. Only 3 percent of traders believe a rate hike will be announ
Shares in Hong Kong ended lower on Wednesday, dragged by property developers as China's government vowed to "resolutely curb" home price increases, and as weak data and an escalating trade war dimmed the outlook for growth in China. At close of trade, the
China's stock markets fell sharply in afternoon trade to end lower Wednesday, as anticipation of more measures to curb property prices hurt developer shares, and as the Sino-US trade war looked set to escalate with the threat of higher US tariffs. At the
European shares retreated slightly on Wednesday as a mixed batch of corporate earnings failed to offset concerns about the US-China trade conflict and subdued euro zone manufacturing growth. Caution was also palpable ahead of the Federal Reserve's decisio
Most Southeast Asian shares ended higher on Wednesday, with the Philippines rising over 2 percent, while investors awaited the US Federal Reserve's statement for cues on the pace of future rate hikes after its policy meeting concludes later in the day. Ho
Britain's top stock index fell on Wednesday as mining and materials shares sold off on a slide in metals prices after the Trump administration threatened further tariffs on China. Earnings drove the lion's share of moves across the UK market, with retaile
Volkswagen on Wednesday reported a leap in second quarter profit thanks to strong sales, but the German car giant warned that strict new emissions tests and global trade tensions posed "great challenges" in the months ahead. The Wolfsburg-based group said