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Print - 2018-08-02
Hundreds of tariff lines: proposal to increase RD rejected
Currency

Hundreds of tariff lines: proposal to increase RD rejected

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
Published 02 Aug, 2018 12:00am
Hundreds of tariff lines: proposal to increase RD rejected
Currency

Hundreds of tariff lines: proposal to increase RD rejected

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
Published 02 Aug, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
Money laundering case: FIA again summons Zardari and Faryal

Money laundering case: FIA again summons Zardari and Faryal

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
Published 02 Aug, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
Money laundering case: FIA again summons Zardari and Faryal

Money laundering case: FIA again summons Zardari and Faryal

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
Published 02 Aug, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 01, 2018).
Published 02 Aug, 2018 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 01, 2018).

Published 02 Aug, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Aug, 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 02 Aug, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Aug, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Aug, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,413. 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
Published 02 Aug, 2018 12:00am
CBOT corn futures rise

CBOT corn futures rise

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
Published 02 Aug, 2018 12:00am
CBOT wheat futures climb to two-month peak

CBOT wheat futures climb to two-month peak

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
Published 02 Aug, 2018 12:00am
Healthy harvest seen of Ivory Coast cocoa main crop

Healthy harvest seen of Ivory Coast cocoa main crop

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
Published 02 Aug, 2018 12:00am
Shanghai rebar steel futures climb to five years high

Shanghai rebar steel futures climb to five years high

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
Published 02 Aug, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

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
Published 02 Aug, 2018 12:00am
Cotton prices firmer as dollar stabilizes
Cotton

Cotton prices firmer as dollar stabilizes

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
Published 02 Aug, 2018 12:00am
European wheat hits three-year highs

European wheat hits three-year highs

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
Published 02 Aug, 2018 12:00am
Axelsen, Okuhara keep badminton world title defences on track

Axelsen, Okuhara keep badminton world title defences on track

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
Published 02 Aug, 2018 12:00am
Man United holds on to beat Real Madrid 2-1

Man United holds on to beat Real Madrid 2-1

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
Published 02 Aug, 2018 12:00am
De Kock steers South Africa to 2-0 lead

De Kock steers South Africa to 2-0 lead

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
Published 02 Aug, 2018 12:00am
Afghan spin king Khan boosts Sussex's T20 Blast title hopes

Afghan spin king Khan boosts Sussex's T20 Blast title hopes

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
Published 02 Aug, 2018 12:00am
Wrestler Inam Butt unfit for Asian Games

Wrestler Inam Butt unfit for Asian Games

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
Published 02 Aug, 2018 12:00am
Pakistan averts Asian Games hockey boycott

Pakistan averts Asian Games hockey boycott

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
Published 02 Aug, 2018 12:00am
Serena handed worst defeat of her career
Kerb

Serena handed worst defeat of her career

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
Published 02 Aug, 2018 12:00am
Williams, Russell power West Indies over Bangladesh

Williams, Russell power West Indies over Bangladesh

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
Published 02 Aug, 2018 12:00am
French league to use VAR in all matches this season

French league to use VAR in all matches this season

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
Published 02 Aug, 2018 12:00am
Nepal lose maiden ODI to Dutch after heartbreaking collapse

Nepal lose maiden ODI to Dutch after heartbreaking collapse

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
Published 02 Aug, 2018 12:00am
Root's Test century drought continues after run out on 80

Root's Test century drought continues after run out on 80

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.
Published 02 Aug, 2018 12:00am
German unemployment holds steady at record lows

German unemployment holds steady at record lows

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
Published 02 Aug, 2018 12:00am
China says will strive to hit growth target despite challenges

China says will strive to hit growth target despite challenges

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
Published 02 Aug, 2018 12:00am
Japanese airlines sink on higher fuel costs

Japanese airlines sink on higher fuel costs

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
Published 02 Aug, 2018 12:00am
IMF urges Greece to pursue 'realistic' economic targets

IMF urges Greece to pursue 'realistic' economic targets

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
Published 02 Aug, 2018 12:00am
P&G earnings shaved as beard craze hits grooming
Currency

P&G earnings shaved as beard craze hits grooming

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
Published 02 Aug, 2018 12:00am
P&G earnings shaved as beard craze hits grooming
Currency

P&G earnings shaved as beard craze hits grooming

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
Published 02 Aug, 2018 12:00am
Embraer dives with Q2 loss

Embraer dives with Q2 loss

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
Published 02 Aug, 2018 12:00am
Embraer dives with Q2 loss

Embraer dives with Q2 loss

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
Published 02 Aug, 2018 12:00am
Turkey central bank sharply hikes 2018 inflation forecast

Turkey central bank sharply hikes 2018 inflation forecast

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
Published 02 Aug, 2018 12:00am
Turkey central bank sharply hikes 2018 inflation forecast

Turkey central bank sharply hikes 2018 inflation forecast

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
Published 02 Aug, 2018 12:00am
Dollar leans on yuan, Aussie in Asia
Currency

Dollar leans on yuan, Aussie in Asia

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.
Published 02 Aug, 2018 12:00am
Euro struggles in European trade
Currency

Euro struggles in European trade

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.
Published 02 Aug, 2018 12:00am
Early trade in New York: dollar edges up against peers
Currency

Early trade in New York: dollar edges up against peers

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
Published 02 Aug, 2018 12:00am
Dollar jumps against yen in New York

Dollar jumps against yen in New York

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
Published 02 Aug, 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. 83.75-83.75 (Previous 83.75-83.75).
Published 02 Aug, 2018 12:00am
Sri Lankan rupee marginally up
Currency

Sri Lankan rupee marginally up

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
Published 02 Aug, 2018 12:00am
Asian forex: Most Asian currencies tread water

Asian forex: Most Asian currencies tread water

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
Published 02 Aug, 2018 12:00am
Aussie, kiwi down

Aussie, kiwi down

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
Published 02 Aug, 2018 12:00am
Sterling settles at one-week lows
Currency

Sterling settles at one-week lows

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
Published 02 Aug, 2018 12:00am
Qatar index at 14-month high; Saudi index flat

Qatar index at 14-month high; Saudi index flat

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
Published 02 Aug, 2018 12:00am
Nikkei advances

Nikkei advances

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
Published 02 Aug, 2018 12:00am
Wednesday's early trade: S&P dips; Apple keeps Nasdaq higher

Wednesday's early trade: S&P dips; Apple keeps Nasdaq higher

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
Published 02 Aug, 2018 12:00am
Wall Street bounces back, led by industrials

Wall Street bounces back, led by industrials

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
Published 02 Aug, 2018 12:00am
Indian shares lower

Indian shares lower

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
Published 02 Aug, 2018 12:00am
Treasury yields steady

Treasury yields steady

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
Published 02 Aug, 2018 12:00am
Treasury yields steady

Treasury yields steady

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
Published 02 Aug, 2018 12:00am
Hong Kong shares fall

Hong Kong shares fall

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
Published 02 Aug, 2018 12:00am
China stocks plummet

China stocks plummet

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
Published 02 Aug, 2018 12:00am
European shares dip as mixed earnings fail to dispel trade fears

European shares dip as mixed earnings fail to dispel trade fears

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
Published 02 Aug, 2018 12:00am
Southeast Asian markets up, Philippines jumps

Southeast Asian markets up, Philippines jumps

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
Published 02 Aug, 2018 12:00am
Miners sink FTSE 100 as results cause big swings

Miners sink FTSE 100 as results cause big swings

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
Published 02 Aug, 2018 12:00am
Volkswagen profit jumps, but 'great challenges' ahead

Volkswagen profit jumps, but 'great challenges' ahead

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
Published 02 Aug, 2018 12:00am