The country's trade deficit has widened by $3.192 billion for the month of July 2018, up by 0.31 percent over the same month a year before, according to Pakistan Bureau of Statistics (PBS). Monthly trade data of PBS for the month of July 2018 noted that P
US President Donald Trump signed an almost $750 billion defense spending bill Monday, while vowing a new "Space Force" would give America dominance over rivals in China and elsewhere. "Our competitors have begun weaponizing space," Trump warned troops at
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
The culture of a country has profound impact on the social values and lifestyle of its citizens. Fashion divas have unanimously agreed that Fashion and culture goes hand in hand. People try to stay "in fashion" and they are mostly influenced by popular cu
A report on the recent 2018 elections, a Lahore constituency reported 58% turnout. That is indeed creditable. Likewise the various reports on the recent elections have reported considerable empowerment and they have contested general seats as against bein
The dead weight of the past impinges on the present and, indeed, the future. This wisdom applies to Pakistan too. On the 71st anniversary of Independence today, it is difficult to cleave through the confusion, cacophony, and multiple narratives that fill
Asia's naphtha physical crack for the second half of September hit a three-week low of $99.55 a tonne on Friday as upcoming crackers' maintenance in South Korea and muted spot deals weighed, traders said. Crackers in Asia mainly rely on naphtha as their f
Chicago Board of Trade (CBOT) corn futures dropped by about 3 percent on Friday after the US Department of Agriculture raised its US 2018 corn yield forecast by more than expected. CBOT new-crop December corn ended down 11 cents, or 2.9 percent, at $3.71-
Ukraine's UkrAgroConsult agriculture consultancy on Tuesday sharply reduced its forecast for the country's 2018 peas harvest to 850,000 tonnes from the previous estimate of 1.1 million tonnes. It also cut the 2018/19 July-June peas exports forecast by 29
Chicago Board of Trade soyabean futures tumbled nearly 5 percent on Friday after the US government forecast 2018 harvest yields above all trade expectations and said stocks of the oilseed would swell to record highs. CBOT November soyabean futures ended d
Chicago Board of Trade (CBOT) wheat futures fell more than 3 percent on Friday after the US government forecast global wheat stocks above trade expectations in a monthly report. CBOT September soft red winter wheat settled down 17-3/4 cents, or 3.1 percen
Benchmark northwest European gasoline refining margins ended the week some 15 percent lower, weighed down by weak export activity and rising global stocks. The 650,000 barrel per day (bpd) Dangote refinery near Lagos, Nigeria, set to be Africa's biggest,
Shanghai rebar futures pared early gains to close lower amid China's intensified trade dispute with the United States and worries about slowing growth, although weekly inventory data showed firm demand from downstream sectors. This week, the US-China trad
Gold was sold at a discount in India for the first time in six weeks on subdued demand as buyers bet that prices could fall still further after hitting near seven-month lows last week. Meanwhile Chinese buying picked up on the back of a firm yuan and trad
Official spot prices declined sharply on the cotton market on Monday in the process of trading activity, dealers said. The official spot rate dipped by Rs 200 to Rs 8700, they added. Prices of seed cotton in Sindh and the Punjab were at Rs 3500-3800, they
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,417. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.032 billion and the number of lots traded was 11,684.
Soyameal on the European meals and feeds market eased on Friday on the back of a strong dollar and due to positioning ahead of fresh USDA crop and supply/demand reports, which were issued too late on Friday for European dealers to react to. South American
Argentina is expected to produce a record crop of wheat and corn during the 2018-19 season as farmers planted more hectares of both than in previous years, the Rosario grains exchange said on Wednesday. The exchange's monthly report said the wheat harvest
Asian spot liquefied natural gas (LNG) prices held largely steady this week as healthy demand and relatively tight supplies supported the market. LNG cargo prices for delivery in September were around $10 per million British thermal units (Btu), unchanged
Palm oil on the European market eased on Friday, driven by bearish Malaysian Palm Oil Board ending stocks for July and a strong dollar. Asking prices for palm oil were $2.50 to $5 a tonne lower after Malaysian palm oil futures closed between eight ringgit
Year-over-year average daily volume (ADV) in US natural gas futures and options on the New York Mercantile Exchange (NYMEX) fell for a sixth month in a row in July, according to data from CME Group Inc, which owns the NYMEX. Analysts said the volume decli
The Karachi Port handled 229,494 tonnes of cargo comprising 182,358 tonnes of import cargo and 47,136 tonnes of export cargo including 4,790 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 182
Indian farmers have planted summer-sown crops on 92.476 million hectares as of August 10, down 1.5 percent from a year earlier, government data showed. Cotton sowing was down 3.9 percent, while rice planting lagged 2.9 percent. Monsoon rainfall was 11 per
South Korea's largest animal feed maker Nonghyup Feed Inc. (NOFI) bought about 63,000 tonnes of feed wheat from optional origins in a tender for up to 126,000 tonnes which closed on Thursday, European traders said. Price was said to be $256.55 a tonne c&f
European wheat saw gains wiped out in late trade, dragged down by broad-based losses in Chicago grain and oilseed markets following the release of a bearish monthly crop report by the US Department of Agriculture. The market had earlier risen, buoyed by a
A caravan of 52 jeeps on Monday left for Mansehra from Peshawar to mark the Independence Day celebrations. Organised by the Frontier 4x4 Club, Tourism Corporation Khyber Pakhtunkhwa (TCKP) and commissioner Hazara Division, around 52 jeeps started therally
Barcelona battled back to defeat Sevilla 2-1 and win the Spanish Supercup on Sunday with French World Cup winner Ousmane Dembele hitting a sensational winner to help give Lionel Messi a winning start as captain.
Ben Stokes was again omitted as England named an unchanged 13-man squad on Monday for the third Test against India at Trent Bridge starting Saturday, where victory would see them clinch the series. Stokes's ongoing trial on a charge of affray in Bristol s