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 Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,459. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.306 billion and the number of lots traded was 8,112.
Chicago Board of Trade soyabean futures fell on Monday as worries about a worsening trade war between the United States and China dragged prices lower. CBOT September soyabeans settled down 8-3/4 cents at $8.82-3/4 a bushel. New-crop November futures ende
Chicago Board of Trade wheat futures surged more than 3 percent on Monday and closed at its highest level in three years on concerns about global grain stocks amid shrinking harvest prospects in Europe, the Black Sea region, Australia and Canada.
Worries over severe weather in Europe drove Paris wheat futures higher on Monday after prices hit multi-year highs last week. The benchmark December milling wheat on Paris-based Euronext, settled 3 euros, or 1.4 percent, higher at 214.75 euros ($248.01) a
Palm oil on the European vegetable oils market was offered in a tight range on Monday as a strong dollar offset gains in Malaysian palm oil futures. Asking prices for palm oil were mostly between $2.50 a tonne up and $2.50 down from Friday after Malaysian
Chinese iron ore futures surged nearly 7 percent to their strongest level since March on Monday, supported by strong margins at China's steel producers as Beijing's anti-pollution fight tightens supply in the world's top producer. Rebar steel prices rose
The Karachi Port handled 165,025 tonnes of cargo comprising 117,945 tonnes of import cargo and 47,080 tonnes of export cargo including 6,537 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Official spot rates dipped on the cotton market on Tuesday in the process of improved trading activity, dealers said. The official spot rate lost Rs 300 to Rs 9100, they added. Prices of seed cotton in Sindh gained Rs 100 to Rs 4100-4400 in the Punjab, ra
Russian wheat export prices continued to rise steeply last week amid worsening crop harvest forecasts across countries in Europe and the Black Sea region, analysts said on Monday.
Tokyo 2020 will be the first Olympics to use facial recognition technology to increase security around all venues, the organisers announced on Tuesday. Games organisers have linked up with Japanese telecommunications and information technology giant NEC t
Ukrainian Maryan Zakalnytskyy and Portugal's Ines Henriques were the first two champions crowned at the European Athletics Championships on Tuesday when they delivered exceptional 50 kilometre race walk triumphs. On a hot morning around the streets of Ber
After being dejected over demotion from Category-A to B in the PCB central contract, all-rounder Mohammad Hafeez is learnt to have considering different options including retirement from cricket and not to sign the central contract for the year 2018-19.
The Pakistan Cricket Board (PCB) Tuesday announced the Domestic Cricket Calendar for the 2018-19 cricket season. A PCB spokesman, said here today that the forthcoming domestic cricket season includes Regional Inter-District Senior (3-day), Inter Region U-
Former England goalkeeper Joe Hart has signed for Burnley from Manchester City, with City chairman Khaldoon Al Mubarak hailing his enormous contribution to the success of the Premier League champions.
Competitions at the Parvez Abbasi Open Shooting Championship 2018 kicked-off on Tuesday, at the Pakistan Navy Shooting Range in PNS Karsaz, Karachi. The six-day tournament has gathered shooters from across the country to compete in various type of firearm
Pakistan Blind Cricket Council (PBCC) has awarded central contracts to as many as 17 blind cricketers for a period of six months from July to December, 2018. The central contracts were awarded in three categories i.e., Category-A (Rs 12,000), Category-B (
Ben Stokes made "stupid noises" and "camp gestures" to mimic two gay men outside a nightclub, a doorman said Tuesday at the England cricketer's trial for alleged affray.
Milos Raonic posted a second Canadian victory on Monday, joining Peter Polansky in the second round of the ATP Toronto Masters after a 6-3, 6-4 defeat of David Goffin. Vasek Pospisil missed out on a local hat-trick in a night match as the Canadian lost to
Ricky Ponting believes the lengthy bans given to former Australia captain Steve Smith, David Warner and Cameron Bancroft for their roles in March's ball-tampering scandal in South Africa have been a beneficial "shock" to world cricket.
The head of the International Tennis Federation defended his controversial Davis Cup reform bid on Tuesday, vowing the revamped event will bring benefits across the tennis world. ITF chief David Haggerty's plan, which sees the Davis Cup reduced to a seaso
Global cricket boss David Richardson declared that ball tampering and bad behaviour threatened "cricket's DNA" and would not be tolerated by fans in the wake of the Australia cheating scandal. The International Cricket Council chief executive said the "pu
The world's biggest listed packaging company, Amcor Ltd, on Monday swooped on US rival Bemis Company Inc in a $5.25 billion all-stock deal that comes as packaging firms are jostling to buy growth with acquisitions.
Egypt's Suez Canal revenues rose to $493.3 million in July, a Reuters calculation showed on Monday. Suez Canal Authority Chief Mohab Mamish said at a press conference that revenues for July rose by $46.2 million compared with the same month last year.
Japan's SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart - the first public divestment by its Vision Fund.
Japan's SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart - the first public divestment by its Vision Fund.
Philippine annual inflation accelerated in July and moved further away from the central bank's comfort range, strengthening expectations for further policy tightening this week. Inflation quickened to 5.7 percent in July, the fastest rise in over five yea
Australia's central bank has marked two whole years with no move in interest rates, the longest policy pause in its modern history, as optimism on the economy is tempered by miserly wage growth and muted inflation.
Carrefour and Tesco, two of Europe's largest retailers, said Monday they had finalised a purchasing alliance to increase their leverage with suppliers in the fiercely competitive supermarket sector. The French and British supermarket giants said in a join
Amsterdam is taking new measures to ease tourist pressure on its popular red-light district including compulsory clean-up breaks in streets and monitoring of crowds, the council said Tuesday. The announcement comes days after the city's ombudsman warned i
German re-insurance giant Munich Re said Monday it would scale back investments in coal-related businesses and stop insuring new plants and mines extracting the fuel, to help the battle against climate change.
Japan's Cosmo Oil Co bought gasoline from Singapore to plug a supply gap due to refinery maintenance, four traders said on Monday, seeking the fuel at the same time South Korea's S-Oil Corp was also looking to make a purchase.
The pound stayed fragile on Tuesday after falling to an 11-month low against the dollar overnight on worries over a 'hard' Brexit from the European Union, while simmering US-China trade tensions provided support to the greenback. Comments from officials a
The dollar tumbled a quarter of a percent against a basket of its peers on Tuesday, its biggest drop in a week, as expectations grew that the dollar's recent rally on the back of escalating trade tensions may be coming to an end. Since mid-April, the doll
The US dollar weakened against the euro on Tuesday as the Chinese yuan showed more stability, after the currency pair neared but failed to break through technical levels supporting the single currency. The dollar has been boosted by trade tensions as the
Concerns about Britain's plan to leave the European Union sent the pound to an 11-month low against the greenback on Monday, while US-China trade tensions helped boost the US currency. Comments by officials about a no-deal Brexit stoked fears Britain woul
The Sri Lankan rupee ended marginally weaker on Tuesday as demand for the US dollar from foreign banks surpassed mild inward remittances, traders said. The rupee ended at 159.75/85 per dollar, compared with Monday's close of 159.70/80. It hit a record low
Most Asian currencies weakened against the dollar on Tuesday as revived US sanctions on Iran and escalating trade tensions between Beijing and Washington tempered appetite for emerging market foreign exchange. The worsening trade war between China and US
The pound fell to a five-month low against the euro on Tuesday as the single currency rebounded and investors worried Britain could crash out of the European Union without securing a trade deal. Sterling, which has had a tougher time against the dollar in
The Australian dollar treaded water on Tuesday as the country's central bank held a policy meeting against the background of rising Sino-US trade tensions and unease over global growth. The Aussie dollar was idling at $0.7390, sandwiched between support a
Gulf stocks mostly rose on Tuesday, with the Abu Dhabi exchange hitting its highest level since 2014 and Saudi Arabia's exchange shrugging off a diplomatic row with Canada.
Sri Lankan shares declined for a second straight session on Tuesday and posted their lowest close in nearly four weeks, as foreign investors sold stocks such as conglomerate John Keells Holdings Plc, brokers said.
Tokyo stocks ended higher Tuesday along with other Asian markets following overnight gains on Wall Street, but investors refrained from making major moves ahead of US-Japan trade talks. The benchmark Nikkei 225 index rose 0.69 percent, or 155.42 points, t
The S&P 500 index hovered near record levels on Tuesday, lifted by gains in bank and technology shares, with a strong second-quarter earnings season fuelling optimism about the strength in the US economy.
The three major US stock indexes closed higher on Monday as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services.
Indian shares ended nearly flat on Tuesday, as gains in material stocks were offset by losses in energy and industrials. The benchmark BSE index closed 0.07 percent lower to 37,665.80, while the broader NSE index ended 0.02 percent higher to 11389.45.
US Treasury yields dipped on Monday, with the 10-year yield hitting a two-week low on safe-haven demand stemming from the trade conflict between United States and China, the world's two largest economies. Bids for less risky Treasuries came ahead of this
US Treasury yields dipped on Monday, with the 10-year yield hitting a two-week low on safe-haven demand stemming from the trade conflict between United States and China, the world's two largest economies. Bids for less risky Treasuries came ahead of this
Australia's benchmark share index edged down on Tuesday as BHP and Rio Tinto declined on worries over a labour dispute at a mammoth copper mine in Chile, but energy stocks gained ahead of renewed US sanctions on major oil exporter Iran. Financial stocks a
Shares in China rebounded on Tuesday following a heavy four-day selloff, as investors picked up battered stocks while infrastructure firms were bolstered by expectations of increased spending on public works projects. The Shanghai Composite index jumped 7
European shares rose on Tuesday and made their way back to positive territory for 2018 as investors cheered UniCredit results, oil prices boosted energy groups and a positive open on Wall Street lifted sentiment. The STOXX 600 closed up 0.56 percent at 39
Hong Kong's main Hang Seng index ended firmer on Tuesday, led by gains in property stocks, after developer Country Garden said it expected upbeat first-half results. The Hang Seng China Enterprises index closed higher. The Hang Seng index ended up 429.32
Singapore shares jumped the most in more than three-and-a-half months on Tuesday with financials leading the charge, while Philippine stocks fell as data showing mounting inflation strengthened expectations for further policy tightening this week. Singapo
Britain's top share index rose on Tuesday as miners and oil stocks tracked rising commodity prices, although some disappointing updates including from Intertek and Hargreaves kept a lid on gains. The FTSE 100 ended the session up 0.7 percent at 7,718.48,
Indonesia's foreign exchange reserves fell $1.5 billion in July to $118.3 billion, partly because of central bank intervention to defend the rupiah, Bank Indonesia (BI) said on Tuesday. The end-July reserves level was equal to 6.9 months of imports, above
Russian oil giant Rosneft announced Tuesday its net profit almost quadrupled in the first half of the year thanks to rising oil prices and said it wants to focus on organic growth. Between January and June, the state-controlled group reported a net profit
Germany's second biggest lender Commerzbank on Tuesday posted better than expected earnings for the second quarter, although it expects slightly higher costs for the full year as it pushes on with restructuring. In the three months ending June, the bank r
Australia's population was due to hit 25 million on Tuesday, renewing debate about overcrowding and infrastructure pressures in major cities as the government explores ways to encourage migrants into regional areas. The Australian Bureau of Statistics pro
Japan's household spending slid in June but real wages rose at their fastest pace in more than 21 years thanks to higher summer bonuses, a sign the benefits of a prolonged economic recovery are broadening. Household income also marked the fastest gain in
UniCredit announced Tuesday what it called its best half-year results in a decade although heightened political risks in Italy could hamper efforts to reinforce a key indicator of the bank's ability to withstand a crisis.
Italy's Senate on Tuesday approved a decree curbing temporary job contracts and penalising firms that move production abroad, passing the first major legislation by the new government. Job security was an election battle cry of Labour Minister Luigi Di Ma
The German economy is set for modest growth in the second quarter after industrial output edged up and job vacancies hit a record high, underlining labour market strength that is fuelling a consumer-led upswing. Europe's biggest economy saw vacancies surg
A Singapore online store selling ivory jewellery has sparked uproar, with an animal rights group Tuesday slamming the shop for offering products made from "tortured" elephants. Ivory Lane offers earrings for Sg$160 ($120) and necklaces for Sg$800 ($585),
Berlin is planning to further toughen rules against non-European investors taking stakes in German companies, the economy minister said Tuesday, as concern grows in Europe's biggest economy over China's shopping spree. "In the future we want to be able to
Pro-government Druze militiamen hanged a member of the Islamic State group in Syria's Sweida on Tuesday, a monitor said, just days after the jihadists executed a young hostage from the minority group. IS abducted more than 30 Druze civilians - women and t
Ivory Coast's former first lady, Simone Gbagbo, who is serving a 20-year jail term, will be freed on Wednesday after President Alassan Ouattara granted her an amnesty, her lawyer said on Tuesday.
Argentina's former vice president, Amado Boudou, was sentenced to nearly six years in prison on Tuesday after being found guilty of corruption while serving under former president Cristina Kirchner. The charges related to Boudou's attempt to buy a company
An Israeli strike on Tuesday killed two militants of the Gaza Strip's ruling Hamas movement after shots were fired at soldiers, Gazan and Israeli officials said. The Islamist group's military wing, the Ezzedine al-Qassam Brigades, confirmed in a statement
The Nigerian presidency on Wednesday fired the head of the intelligence service, a day after it said security services staged a brief "takeover" of parliament. Hooded armed men from the police and Department of State Service (DSS) filtered access to the t
Iran's Foreign Minister Mohammad Javad Zarif met with his North Korean counterpart Ri Yong Ho on Tuesday, on the same day the US reimposed nuclear-related sanctions on the Islamic republic. Zarif welcomed Ri and a team of officials at the foreign ministry
Tens of thousands of firefighters on Tuesday were battling relentless flames ripping across California, as the death toll from a series of infernos that first erupted last month hit 11.
The European Union and United States on Tuesday condemned violent attacks targeting the Zimbabwe opposition since elections last week, as 27 supporters of the MDC party were released on bail.
Roughly a tonne of fish have been killed in recent days by high temperatures in Swiss waters caused by the European heatwave, public broadcaster RTS reported Tuesday. The most severely affected area is the stretch of the Rhine river that runs from Lake Co
Spain's death toll from a particularly virulent heatwave rose to nine in just one week, authorities said Tuesday, as the country suffers sky-high temperatures. A 66-year-old man who died on Thursday in the southwestern region of Extremadura near Portugal
British Prime Minister Theresa May backed calls Tuesday for her former foreign minister Boris Johnson to apologise for disparaging comments he made about Muslim women wearing burqas - but he branded his critics "ridiculous".
The Lahore High Court on Tuesday directed the Lahore Development Authority (LDA) to de-seal the office of South Asia Free Media Association (Safma) and also sought reply from the respondent authority by September 13.
While expressing serious reservations over Benazir Income Support Program's (BISP) earlier Poverty Scorecard Survey, a parliamentary panel has directed the BISP to focus less-developed areas of the country in the ongoing survey.
There is an overwhelming consensus among independent economists within and outside the country that Pakistan's economy has never been in such a bad shape as it is in now. Five years of economic mis-governance including corrupting key economic statistics a
Tandlianwala Sugar Mills Limited (PSX: TSML) is the third largest sugar mill in Punjab province as well as the country, after JDW and Hamza sugar mills. The company was incorporated in 1988 as a public limited. The registered office of the company is loca
Tandlianwala Sugar Mills Limited (PSX: TSML) is the third largest sugar mill in Punjab province as well as the country, after JDW and Hamza sugar mills. The company was incorporated in 1988 as a public limited. The registered office of the company is loca
Maple Leaf Cement and Kohinoor Textile Mills have won the Best Corporate Report Awards for the year 2017. According to a spokesperson of Kohinoor Maple Leaf Group here on Tuesday, the Best Corporate Report Award 2017 was jointly hosted by ICAP and ICMAP i
Maple Leaf Cement and Kohinoor Textile Mills have won the Best Corporate Report Awards for the year 2017. According to a spokesperson of Kohinoor Maple Leaf Group here on Tuesday, the Best Corporate Report Award 2017 was jointly hosted by ICAP and ICMAP i
Punjab Chief Secretary Akbar Durrani on Tuesday ordered the divisional commissioner and deputy commissioner to ensure foolproof security on the eve of Independence Day. While reviewing arrangements regarding Independence Day celebrations here on Tuesday a
Punjab Planning & Development Department in collaboration with Nutrition Section/SUN Secretariat Ministry of Planning Development & Reform and Human Development Foundation jointly organized Provincial Launch (Punjab) of a Mass Awareness Campaign "Umeed Sa
At least five members of a family including two real brothers and two teenage boys were brutally murdered over old enmity in Barki area on Tuesday morning, police officials said. The deceased were identified as Qurban Ali (50), Abdul Rasheed (45), Bashir
New dams and water reservoirs are imperative for an economically safe, stable and prosperous Pakistan, said Farooq Yusuf Acting President Faisalabad Chamber of Commerce & Industry (FCCI). Leading an awareness walk organised by Nexuses Lions Club about the
In the wake of forthcoming Eid-ul-Azha, the Punjab primary and secondary healthcare department has issued alert and guidelines on Congo Virus to authorities concerned to all districts of Punjab and also asked them to raise awareness among the general publ
US Consul General Elizabeth Kennedy Trudeau said the future of Pakistan and its relationship with the United States is very bright and the private sector, especially business communities of both sides, can play a vital role in this regard. She was speakin