The Election Commission of Pakistan (ECP) Thursday accepted apologies of Pakistan Tehreek-e-Insaf Chairman Imran Khan, National Assembly Speaker Sardar Ayaz Sadiq, Pervez Khattak and Maulana Fazlur Rehman for using indecent language during their election
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 Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,452. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.673 billion and the number of lots traded was 7,455. Major business was contributed by gold am
Chicago Board of Trade (CBOT) corn futures closed weaker on Tuesday on forecasts for showers across some dry areas of the US corn belt and on spillover pressure from falling wheat prices. CBOT September corn settled down 1/4 cent at $3.70-3/4 per bushel.
Asia's naphtha physical crack dropped 9.7 percent to a 2-1/2 week low of $104.58 a tonne on Tuesday, its biggest percentage loss since June, while the gasoline crack hit $8 a barrel, its highest since July 31. A trader said recent operational issues surro
France exported more wheat within the European Union than outside the bloc in the 2017/18 season, customs data showed on Tuesday, confirming a difficult export campaign overseas in the face of record Russian shipments.
The Karachi Port handled 93,795 tonnes of cargo comprising 69,910 tonnes of import cargo and 23,885 tonnes of export cargo including 2,557 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 69,
Active buying by mills was seen on the cotton market on Thursday in the process of trading activity, dealers said, The official spot rate shed further Rs 50 to Rs 9000, they added. Prices of seed cotton in Sindh were unchanged at Rs 4100-4400 while in the
ICE Canadian canola futures climbed more than 1 percent on Tuesday on chart-based buying and following higher prices in the soyabean market, traders said. The potential for better export demand for canola, coupled with hot temperatures in the Canadian Pra
Cotton market continued to remain under pressure as yarn prices are reported to be coming down and the Pakistani rupee has gained some value against the American dollar. Consequently, both seed cotton (Kapas/Phutti) as well as ginned cotton prices have re
Cotton market continued to remain under pressure as yarn prices are reported to be coming down and the Pakistani rupee has gained some value against the American dollar. Consequently, both seed cotton (Kapas/Phutti) as well as ginned cotton prices have re
The decision by English Premier League clubs to bring the summer transfer window to an early close compared to Europe was equivalent to firing a "bullet in the foot", super-agent Jon Smith told AFP Thursday. Smith, who numbered among his clients legendary
Ryan Hale, a former soldier allegedly knocked out by Ben Stokes, said the England cricketer "could have killed me", their trial heard Thursday, as the ex-serviceman was formally cleared of affray. Stokes, Hale and a third man, Ryan Ali, were in Bristol Cr
Maria Sharapova fired 25 winners past hapless Russian compatriot Daria Kasatkina in a 6-0, 6-2 victory at the Montreal WTA event on Wednesday, but Angelique Kerber's first match since capturing the Wimbledon title ended in a sobering defeat. Sharapova nee
Australian fast bowlers Pat Cummins and Josh Hazlewood were Thursday ruled out of the upcoming Test series against Pakistan in the United Arab Emirates as they continue to recover from injury. Both players missed the recent one-series against England as t
Bangladesh all-rounder Shakib Al Hasan on Thursday hinted he might skip the Asia Cup in the United Arab Emirates next month to undergo surgery on his finger. "We all know that I have to have a surgery," Shakib told reporters at Dhaka airport after Banglad
Rain meant there was no play on the first day of the second Test between England and India at Lord's on Thursday. Early morning overcast skies in north London eventually gave way to gentle but persistent rain which was sufficient to ensure the pitch and s
The International Olympic Committee expressed regret Thursday after the United Nations refused to lift a ban on sports goods exports to North Korea. The UN's sanctions committee on Wednesday approved measures allowing aid groups and UN bodies to gain exem
The Independence Day Tennis Tournament will be commencing from Friday here at Synthetic Courts of the Qayyum Sports Complex. According to Secretary General KP Tennis Association Umar Ayaz, all arrangement have already been completed for the smooth conduct
Chelsea have signed Spanish goalkeeper Kepa Arrizabalaga for a world record 80 million-euro ($92.8 million) fee from Athletic Bilbao, the Premier League club said on Wednesday. With Thibaut Courtois joining Real Madrid, Chelsea signed 23-year-old Arrizaba
Sri Lanka skipper Dinesh Chandimal returned to their Twenty20 squad Thursday after serving an international ban for breaching the spirit of the game. Chandimal was included in a 15-member squad for the one-off T20 that will round off South Africa's tour o
Sarah Sjoestroem rounded off another landmark week at the European Championships by winning her fourth individual gold medal in the 50 metres butterfly on Thursday. Dominant breaststrokers Adam Peaty and Yuliya Efimova also ended up with four titles apiec
Ryanair pilots in Germany and the Netherlands will join a wave of strikes against the no-frills carrier across Europe on Friday, escalating a row over pay and conditions at the height of the summer season. The powerful Cockpit union said it had asked some
German reinsurance giant Munich Re on Wednesday said it was on track to meet its full-year targets even as costly man-made disasters dragged down earnings in the second quarter. The Bavaria-based group, whose main business is helping insurers hedge themse
Australia's biggest bank, the Commonwealth, posted a slide in annual profits Wednesday, capping a tumultuous year for a troubled lender which has been rocked by scandals and board upheaval. The country's largest firm by market capitalisation reported Aus$
Australia's biggest bank, the Commonwealth, posted a slide in annual profits Wednesday, capping a tumultuous year for a troubled lender which has been rocked by scandals and board upheaval. The country's largest firm by market capitalisation reported Aus$
The Philippine central bank on Thursday made its biggest rate hike in 10 years - raising key interest rates by 50 basis points - and left the door open for further policy tightening to fight high inflation despite economic growth losing steam. Bangko Sent
Vietnam said on Thursday it will limit or possibly stop issuing new licenses for foreign banks to set up in the country as it looks to encourage takeovers of weaker local lenders and strengthen the financial system.
China will use policy tools such as targeted cuts in banks' reserve requirement ratio (RRR) to support debt-for-equity swaps this year as it seeks lower corporate debt levels, the country's state planner said on Wednesday.
The yen edged up to its strongest level against the dollar in nine days on Thursday ahead of trade talks between the United States and Japan and speculation over when the Japanese central bank will exit its ultra-easy monetary policy. Elsewhere in the cur
The dollar gained against most major currencies on Thursday as investors bet that trade war rhetoric and a strong US economy would continue to aid the currency. Trade tensions are seen as beneficial for the US dollar as the economy is better placed to han
The dollar rose against most major currencies on Thursday in thin summer trading, as investors bet global trade tensions and a robust US economy would continue to support the currency. The greenback has the upper hand in a trade war scenario over emerging
Sterling dropped to its lowest levels in almost a year on Wednesday on concerns about Britain's exit from the European Union, while the dollar dipped against a basket of currencies. The pound dropped as investors ramped up bets on Britain leaving the EU w
Turkey's lira tumbled to another record low against the dollar on Thursday after a Turkish delegation returned from meeting US officials in Washington with no apparent solution to a diplomatic rift that has opened up between them.
Most Asian currencies edged up on Thursday taking cues from the yuan, though the Philippine peso fell on disappointing economic growth data. The Philippine growth pace in the second quarter was the lowest in nearly three years. China's consumer price inde
The New Zealand dollar skidded on Thursday after the country's central bank surprised the market by committing to holding rates at record lows until the end of 2020 as economic growth figures disappointed. The New Zealand dollar sank as deep as $0.6665, t
Sterling steadied near 11-month lows on Thursday after a decline this week that was fuelled by investor fears Britain will leave the European Union without an agreement on its future relationship with the bloc. The pound traded as low as $1.2842, its weak
Gulf stocks were mostly lower, as volatile oil prices hit petrochemical and energy firms in the Saudi market, while lower-than-expected earnings of property firm Aldar Properties weighed on the Abu Dhabi market. Abu Dhabi slipped 1.1 percent, easing from
Sri Lankan shares rose for a second straight session on Thursday and posted their highest close in more than two weeks, as foreign investors continued to buy into market heavyweight John Keells Holdings after recent selloff. The Colombo stock index closed
Tokyo stocks slipped Thursday, dragged by a stronger yen and caution ahead of Japan-US trade talks. The benchmark Nikkei 225 index dropped 0.20 percent, or 45.92 points, to 22,598.39, while the broader Topix index lost 0.26 percent, or 4.55 points, to 1,7
The S&P and the Nasdaq inched towards a record on the back of high-flying technology trio of Apple, Amazon and Microsoft. The tech-heavy index was up 0.33 percent at 7,914.22, a quarter of a percent away from hitting an all-time high. The technology secto
The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check. The Nasdaq posted its seventh consecutive daily advance, while the Dow was down marginally. The S&P 500's dip occurred as the index has inched
Hong Kong's main Hang Seng index ended higher on Thursday, with investors buying high-tech shares amid talks of possible government support for Chinese technology companies. The Hang Seng index was up 248.16 points or 0.88 percent at 28,607.30 points. The
US Treasury yields were little changed on Wednesday in advance of the government's record $26 billion sale of 10-year notes, which is the second leg of this week's $78 billion in quarterly refunding. The 10-year auction followed mediocre demand for $34 bi
US Treasury yields were little changed on Wednesday in advance of the government's record $26 billion sale of 10-year notes, which is the second leg of this week's $78 billion in quarterly refunding. The 10-year auction followed mediocre demand for $34 bi
Australian shares ticked higher on Thursday as investors picked up winners in the earnings season, while gains for financials and deal news around insurer Suncorp Group helped the broader market. The S&P/ASX 200 index rose 0.5 percent to reach 6,297.7, af
Chinese stocks rebounded across the board on Thursday as investors snapped up healthcare and property shares battered by a recent selloff, while tech firms rallied on hopes of more government support. Assistance for the tech sector would mark the latest i
European shares edged higher on Thursday as corporate earnings boosted consumer stocks, although worries over China-US trade tensions and new sanctions against Russia kept gains muted. While worries over an escalation in the trade dispute between the US a
Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd and Axis Bank Ltd. The benchmark BSE index closed up 0.36 percent to 38024.37, a record high, while the broader NSE index ended 0.18
Philippine shares trimmed early sharp falls to close about half a percent lower on Thursday, while Thai stocks advanced for a third straight session. The key Philippine stock index fell as much as 1.3 percent after data showed economic growth unexpectedly
Britain's top share index fell on Thursday as several heavyweight stocks went ex-dividend, while disappointing earnings sent travel operator TUI down sharply. The FTSE 100 fell 0.5 percent, recovering partly from bigger morning falls when fresh US sanctio
Japan's core machinery orders tumbled in June at the fastest pace in six months, with firms expecting another modest drop in the third quarter in a sign capital expenditure may have peaked out as global trade friction clouds the horizon. The 8.8 percent f
German sporting goods firm Adidas on Thursday said the World Cup in Russia and strong e-commerce sales lifted net profit in the second quarter, keeping the company on track to meet its 2018 goals. Net profit at the Bavaria-based company more than doubled
German sporting goods firm Adidas on Thursday said the World Cup in Russia and strong e-commerce sales lifted net profit in the second quarter, keeping the company on track to meet its 2018 goals. Net profit at the Bavaria-based company more than doubled
Greece's unemployment rate, the highest in the European Union, has edged below 20 percent for the first time in seven years, statistics bureau Elstat reported Thursday. The rate came in at 19.5 percent, down from 21.7 percent the same month a year earlier
German companies are increasingly suffering from US President Donald Trump's policy of sanctions - including those against Iran - and the tariffs he is pursuing in an escalating trade war with China, business associations said on Thursday.
A group of BMW owners in South Korea filed a criminal complaint against the German automaker Thursday over alleged delays in recalling more than 100,000 cars after a spate of engine fires, their lawyer said. The timing of the recall, which was issued last
China's factory price inflation slowed slightly in July but beat expectations as US tariffs came into force, while consumer prices were boosted by a pick-up in spending on travel. The figures are the first to be released since the United States imposed th
Brazil's state-owned oil major Petrobras said Thursday that it has recovered 1.034 billion reais ($274 million) in funds embezzled during a giant corruption scandal that badly damaged the company and upended Brazilian politics.