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Print - 2018-08-28
Senate condemns blasphemous competition in the Netherlands

Senate condemns blasphemous competition in the Netherlands

The Senate Monday unanimously passed a resolution against holding a blasphemous cartoon competition by a Dutch party in the Netherlands and asked the government to lodge a formal protest with the Dutch government. The resolution moved by Leader of the Hou
Published 28 Aug, 2018 12:00am
Finance minister-led ECC formed

Finance minister-led ECC formed

Prime Minister Imran Khan has constituted a 13-member most powerful body of the cabinet - Economic Coordination Committee (ECC) - and its first meeting has been convened by Finance Minister Asad Umar tomorrow (Wednesday) to take up the issue of circular d
Published 28 Aug, 2018 12:00am
Finance minister-led ECC formed

Finance minister-led ECC formed

Prime Minister Imran Khan has constituted a 13-member most powerful body of the cabinet - Economic Coordination Committee (ECC) - and its first meeting has been convened by Finance Minister Asad Umar tomorrow (Wednesday) to take up the issue of circular d
Published 28 Aug, 2018 12:00am
Finance minister-led ECC formed

Finance minister-led ECC formed

Prime Minister Imran Khan has constituted a 13-member most powerful body of the cabinet - Economic Coordination Committee (ECC) - and its first meeting has been convened by Finance Minister Asad Umar tomorrow (Wednesday) to take up the issue of circular d
Published 28 Aug, 2018 12:00am
Laundered money: IT software to become operational, task force told

Laundered money: IT software to become operational, task force told

The Federal Board of Revenue (FBR) has informed the PM''s constituted task force for bringing back laundered money from abroad that Pakistan''s tax authorities have placed IT software for automatic exchange of information about tax evaders from OECD forum
Published 28 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (August 27, 2018).

Published 28 Aug, 2018 12:00am
Laundered money: IT software to become operational, task force told

Laundered money: IT software to become operational, task force told

The Federal Board of Revenue (FBR) has informed the PM's constituted task force for bringing back laundered money from abroad that Pakistan's tax authorities have placed IT software for automatic exchange of information about tax evaders from OECD forum w
Published 28 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (August 27, 2018).

Published 28 Aug, 2018 12:00am
Laundered money: IT software to become operational, task force told

Laundered money: IT software to become operational, task force told

The Federal Board of Revenue (FBR) has informed the PM's constituted task force for bringing back laundered money from abroad that Pakistan's tax authorities have placed IT software for automatic exchange of information about tax evaders from OECD forum w
Published 28 Aug, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (August 27, 2018).

Published 28 Aug, 2018 12:00am
Reversal of Rs 100 billion relief: Government needs to amend finance act

Reversal of Rs 100 billion relief: Government needs to amend finance act

The PTI-led government will be required to amend the Finance Act 2018 for reversal of Rs 100 billion relief provided to the salaried class by the Abbasi-led administration in the budget for the current fiscal year. Sources in the Finance Ministry and FBR
Published 28 Aug, 2018 12:00am
Reversal of Rs 100 billion relief: Government needs to amend finance act

Reversal of Rs 100 billion relief: Government needs to amend finance act

The PTI-led government will be required to amend the Finance Act 2018 for reversal of Rs 100 billion relief provided to the salaried class by the Abbasi-led administration in the budget for the current fiscal year. Sources in the Finance Ministry and FBR
Published 28 Aug, 2018 12:00am
Reversal of Rs 100 billion relief: Government needs to amend finance act

Reversal of Rs 100 billion relief: Government needs to amend finance act

The PTI-led government will be required to amend the Finance Act 2018 for reversal of Rs 100 billion relief provided to the salaried class by the Abbasi-led administration in the budget for the current fiscal year. Sources in the Finance Ministry and FBR
Published 28 Aug, 2018 12:00am
Zardari, sister appear before FIA JIT

Zardari, sister appear before FIA JIT

Former President and Co-Chairman Pakistan Peoples Party (PPP), Asif Ali Zardari and his sister Faryal Talpur on Monday appeared before a joint investigation team of Federal Investigation Agency (FIA) and recorded their statements in a multibillion rupees
Published 28 Aug, 2018 12:00am
Zardari, sister appear before FIA JIT

Zardari, sister appear before FIA JIT

Former President and Co-Chairman Pakistan Peoples Party (PPP), Asif Ali Zardari and his sister Faryal Talpur on Monday appeared before a joint investigation team of Federal Investigation Agency (FIA) and recorded their statements in a multibillion rupees
Published 28 Aug, 2018 12:00am
CoAS, PM discuss security situation

CoAS, PM discuss security situation

Chief of the Army Staff General Qamar Javed Bajwa called on Prime Minister Imran Khan Monday at PM Office. Army Chief congratulated the Prime Minister on assuming office. Both discussed security situation and expressed resolve to bring enduring peace and
Published 28 Aug, 2018 12:00am
CoAS, PM discuss security situation

CoAS, PM discuss security situation

Chief of the Army Staff General Qamar Javed Bajwa called on Prime Minister Imran Khan Monday at PM Office. Army Chief congratulated the Prime Minister on assuming office. Both discussed security situation and expressed resolve to bring enduring peace and
Published 28 Aug, 2018 12:00am
Rouhani asks Europe for guarantees on banking channels, oil sales

Rouhani asks Europe for guarantees on banking channels, oil sales

Iranian President Hassan Rouhani on Monday urged the remaining signatories to its 2015 nuclear agreement to act to save the pact, though France's leader called again for broader talks on Tehran's missile program and its role in the Middle East region. In
Published 28 Aug, 2018 12:00am
Rouhani asks Europe for guarantees on banking channels, oil sales

Rouhani asks Europe for guarantees on banking channels, oil sales

Iranian President Hassan Rouhani on Monday urged the remaining signatories to its 2015 nuclear agreement to act to save the pact, though France's leader called again for broader talks on Tehran's missile program and its role in the Middle East region. In
Published 28 Aug, 2018 12:00am
Iran fights US sanctions at UN court

Iran fights US sanctions at UN court

Iran demanded Monday that the UN's top court order the United States to suspend nuclear-linked sanctions against Tehran, but Washington vowed to "vigorously" fend off the legal challenge. The Islamic Republic launched a suit at the International Court of
Published 28 Aug, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (August 27, 2018).

Published 28 Aug, 2018 12:00am
Iran fights US sanctions at UN court

Iran fights US sanctions at UN court

Iran demanded Monday that the UN's top court order the United States to suspend nuclear-linked sanctions against Tehran, but Washington vowed to "vigorously" fend off the legal challenge. The Islamic Republic launched a suit at the International Court of
Published 28 Aug, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (August 27, 2018).
Published 28 Aug, 2018 12:00am
Presidential election: Alvi, Aitzaz, Fazl submit nomination papers

Presidential election: Alvi, Aitzaz, Fazl submit nomination papers

Pakistan Tehreek-e-Insaf's (PTI) Dr Arif Alvi, Pakistan Peoples Party's (PPP) Aitzaz Ahsan and Emir Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Monday submitted their nomination papers for the presidential election. After failure of the 11-
Published 28 Aug, 2018 12:00am
Presidential election: Alvi, Aitzaz, Fazl submit nomination papers

Presidential election: Alvi, Aitzaz, Fazl submit nomination papers

Pakistan Tehreek-e-Insaf's (PTI) Dr Arif Alvi, Pakistan Peoples Party's (PPP) Aitzaz Ahsan and Emir Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Monday submitted their nomination papers for the presidential election. After failure of the 11-
Published 28 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 Monday (August 27, 2018).

Published 28 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 Monday (August 27, 2018).

Published 28 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 28 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 28 Aug, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Aug, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Aug, 2018 12:00am
KP U-15 football trials on August 30

KP U-15 football trials on August 30

Khyber Pakhtunkhwa Football Association Monday decided to hold trials to select two Under-15 teams for the forthcoming National Under-15 Football Championship-2018 to be played at Lahore from September 7-18, 2018. According to the association the smooth c
Published 28 Aug, 2018 12:00am
'No Ronaldo no problem' insists Real coach Lopetegui

'No Ronaldo no problem' insists Real coach Lopetegui

Real Madrid coach Julen Lopetegui insisted after a come from behind 4-1 win at Girona that a "keep calm under pressure" attitude would deliver the goals previously scored by the prolific but now departed Cristiano Ronaldo. Seeking their second win of the
Published 28 Aug, 2018 12:00am
Henderson delivers historic win at LPGA Canadian Open

Henderson delivers historic win at LPGA Canadian Open

Brooke Henderson became the first Canadian since 1973 to capture her homeland's top LPGA event, firing a seven-under par 65 on Sunday to win the Canadian Open by four strokes. The 20-year-old from Smiths Falls, Ontario, ran off four consecutive birdies on
Published 28 Aug, 2018 12:00am
Asia athletics chief says Doha 2019 a chance for unity

Asia athletics chief says Doha 2019 a chance for unity

The head of Asia's athletics governing body said he hopes the political crisis gripping the Gulf region will be resolved before next year's Doha world championships, telling AFP the competition could be a chance for unity.
Published 28 Aug, 2018 12:00am
Pakistan squash team take a flying start in Asian Games

Pakistan squash team take a flying start in Asian Games

Pakistan squash team got a flying start when it recorded victories against Japan and Nepal in their opening day matches in the ongoing 18th Asian Games being played at Jakarta, Indonesia. It is worth mentioning here that Pakistan Squash contingent compris
Published 28 Aug, 2018 12:00am
Anderson 'uncatchable' once he breaks record: McGrath

Anderson 'uncatchable' once he breaks record: McGrath

James Anderson will not be caught once the England cricketer becomes the most prolific fast bowler in Test history, says Australia's current record-holder Glenn McGrath. Anderson has 557 wickets, just six fewer than the retired McGrath ahead of the fourth
Published 28 Aug, 2018 12:00am
Schweinsteiger expects tears on his Bayern farewell

Schweinsteiger expects tears on his Bayern farewell

Bastian Schweinsteiger expects to shed a few tears on Tuesday on his final Bayern Munich appearance during his testimonial against current club Chicago Fire. The 34-year-old former Germany captain will play a half each for Bayern and Chicago at the Allian
Published 28 Aug, 2018 12:00am
Halep crashes out of US Open first round

Halep crashes out of US Open first round

World number one Simona Halep was swept aside 6-2, 6-4 by 44th-ranked Kaia Kanepi on Monday, the first top-seeded woman ever to lose in the US Open first round. It was a second straight first-round exit at Flushing Meadows for Romania's Halep, who dropped
Published 28 Aug, 2018 12:00am
Whiting amused as Ferrari speed puzzles Mercedes

Whiting amused as Ferrari speed puzzles Mercedes

Race Director Charlie Whiting said he was 'amused' by Lewis Hamilton's post-race reference to 'trick things' that may have helped title rival Sebastian Vettel power his Ferrari to a convincing triumph in the Belgian Grand Prix.
Published 28 Aug, 2018 12:00am
Hosts Indonesia smash Asian Games record as relieved Son dreams on

Hosts Indonesia smash Asian Games record as relieved Son dreams on

Asian Games hosts Indonesia smashed their record gold medal haul Monday on a day tainted by referee controversy, while Son Heung-min's hopes of a military service reprieve were kept alive by a penalty deep in extra time. Indonesia dominated its homegrown
Published 28 Aug, 2018 12:00am
BoJ lays some groundwork but still far from stimulus exit

BoJ lays some groundwork but still far from stimulus exit

A third of economists polled by Reuters said the Bank of Japan's steps to make its policy more flexible suggest it is laying the groundwork for an eventual exit from its massive stimulus but most said it won't actually pull the trigger anytime soon.
Published 28 Aug, 2018 12:00am
At bargain prices, European banks attract value-hungry investors

At bargain prices, European banks attract value-hungry investors

Europe's most shunned stock market sector, banking, is starting to tempt some investors as a string of solid earnings updates persuade them there are cut-price deals to be had. Euro zone banks are the worst performing stocks so far this year, down 13 perc
Published 28 Aug, 2018 12:00am
At bargain prices, European banks attract value-hungry investors

At bargain prices, European banks attract value-hungry investors

Europe's most shunned stock market sector, banking, is starting to tempt some investors as a string of solid earnings updates persuade them there are cut-price deals to be had. Euro zone banks are the worst performing stocks so far this year, down 13 perc
Published 28 Aug, 2018 12:00am
Brazil's center-south sugar output likely to fall further

Brazil's center-south sugar output likely to fall further

Brazil's center-south is expected to produce 27.9 million tonnes of sugar this year, 22 percent less than in 2017, as mills continue to strongly favour ethanol production at the expense of the sweetener, Sao Paulo-based consultancy Datagro said on Wednesd
Published 28 Aug, 2018 12:00am
Germany sees big drop in grains crop due to drought

Germany sees big drop in grains crop due to drought

The Agriculture Ministry forecast on Friday that Germany's 2018 winter wheat harvest would fall 19.1 percent from the 2017 level to 19.4 million tonnes after crops suffered from drought and hot weather. The ministry also forecast Germany's 2018 grains har
Published 28 Aug, 2018 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures edged higher on Friday, as limited farmer selling underpinned the market in thin trading volume. November canola added 50 cents at $497.10 per tonne. Farmers are focused on the harvest, rather than selling remaining stocks, but
Published 28 Aug, 2018 12:00am
CBOT corn futures rise after five-day fall

CBOT corn futures rise after five-day fall

Chicago Board of Trade (CBOT) corn futures rose on Friday on technical buying, after a five-day decline to one-month lows, traders said. CBOT December corn closed up 1-3/4 cents at $3.62-3/4 per bushel. The contract earlier fell to $3.60-1/2, which matche
Published 28 Aug, 2018 12:00am
CBOT soyabean futures higher on technical buying

CBOT soyabean futures higher on technical buying

Chicago Board of Trade (CBOT) soyabean futures edged higher on Friday on technical buying, as the market bounced following recent losses, traders said. CBOT November soyabeans ended up 1-1/4 cents at $8.55-1/4 per bushel. Before turning higher, the contra
Published 28 Aug, 2018 12:00am
Floods hit festival buying gold in India

Floods hit festival buying gold in India

Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices. Gold demand usually sees a jump in
Published 28 Aug, 2018 12:00am
China's steel rebar recovers after nearly two months losses

China's steel rebar recovers after nearly two months losses

China's construction steel rebar prices recovered from early losses on Friday, supported by falling steel inventory, but posted their biggest weekly loss since early July. Weekly stocks of steel products in China fell by 42,400 tonnes to 10.03 million ton
Published 28 Aug, 2018 12:00am
Cotton market Persisting demand pushes rates up
Cotton

Cotton market Persisting demand pushes rates up

Sustained demand pushed rates sharply higher on the cotton market on Monday in the process of trading, dealers said. The official spot rate was unchanged at Rs 8100, they added. Prices of seed cotton in Sindh fell sharply at Rs 3600-3650 and in Punjab pri
Published 28 Aug, 2018 12:00am
China's corn futures rally as government supports use of ethanol

China's corn futures rally as government supports use of ethanol

China corn futures rallied on Thursday after the central government said it would promote the use of ethanol in vehicles, its first public statement on its ambitious biofuel policy in almost a year. China will promote the use of ethanol in 15 regions this
Published 28 Aug, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,387. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.931 billion and the number of lots traded was 7,434. Major business was contributed by gold amoun
Published 28 Aug, 2018 12:00am
Brazilian mills cut cane allocation to sugar production

Brazilian mills cut cane allocation to sugar production

Brazilian sugar mills further cut in the first half of August the amount of cane earmarked for sugar production to one of the lowest levels ever seen in the center-south region, cane industry group Unica data showed on Friday.
Published 28 Aug, 2018 12:00am
Palm oil rises on European vegoils market
Vegetable Oil

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market edged higher on Friday, supported by a weak dollar and by CBOT soyaoil that strengthened in a technical correction after prices had been dented by a rise production forecasts. Vegetable oil prices were also u
Published 28 Aug, 2018 12:00am
EU wheat slips to four-week low

EU wheat slips to four-week low

Euronext wheat fell to its lowest in almost four weeks on Friday as weakness in Chicago and a jump in the euro took attention away from global supply tensions seen as priced in. Benchmark December milling wheat on Paris-based Euronext settled 3.00 euros,
Published 28 Aug, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 119,292 tonnes of cargo comprising 87,119 tonnes of import cargo and 32,173 tonnes of export cargo including 2,750 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 87,1
Published 28 Aug, 2018 12:00am
CBOT wheat nears one-month low

CBOT wheat nears one-month low

Chicago Board of Trade wheat futures neared a one-month low on Friday and ended lower for a fifth straight session amid sluggish export demand and easing concerns about global supplies, traders said. CBOT December soft red winter wheat settled down 5-1/4
Published 28 Aug, 2018 12:00am
Asian naphtha cracks fall to five-week low

Asian naphtha cracks fall to five-week low

Asia's naphtha crack fell on Friday to a five-week low of $94.13 a tonne, weighed down by high supplies and slower demand. Cargoes arriving in Asia next month from the West, including European and the Mediterranean, are estimated at 1.3 million tonnes, si
Published 28 Aug, 2018 12:00am
IMF makes significant progress in talks with Kenya

IMF makes significant progress in talks with Kenya

The International Monetary Fund's mission to assess the Kenyan economy achieved "significant progress" and talks with the government will continue in the coming weeks, the IMF said on Friday after a two week visit to Nairobi. Kenya secured a six-month ext
Published 28 Aug, 2018 12:00am
China corporate bond defaults at $6.4 billion so far in 2018

China corporate bond defaults at $6.4 billion so far in 2018

An airport operator under the umbrella of China's debt-laden HNA Group technically defaulted on bond payments after it failed to repay the principal on a commercial paper issue by the Friday deadline. The Shanghai Clearing House said on Monday it had rece
Published 28 Aug, 2018 12:00am
China corporate bond defaults at $6.4 billion so far in 2018

China corporate bond defaults at $6.4 billion so far in 2018

An airport operator under the umbrella of China's debt-laden HNA Group technically defaulted on bond payments after it failed to repay the principal on a commercial paper issue by the Friday deadline. The Shanghai Clearing House said on Monday it had rece
Published 28 Aug, 2018 12:00am
Rising carbon levels threaten diets of hundreds of millions of poor

Rising carbon levels threaten diets of hundreds of millions of poor

Rising carbon emissions could make vital food crops from wheat to rice less nutritious and endanger the health of hundreds of millions of the world's poorest, scientists said on Monday. Certain staple crops grown in open fields with elevated carbon dioxid
Published 28 Aug, 2018 12:00am
Trump trade war prompts state warnings to bond investors

Trump trade war prompts state warnings to bond investors

US states worried about a negative impact on their finances from escalating trade disputes instigated by President Donald Trump are beginning to caution bond investors. Washington and Illinois, two of last year's top five export states by dollar value, fo
Published 28 Aug, 2018 12:00am
Trump trade war prompts state warnings to bond investors

Trump trade war prompts state warnings to bond investors

US states worried about a negative impact on their finances from escalating trade disputes instigated by President Donald Trump are beginning to caution bond investors. Washington and Illinois, two of last year's top five export states by dollar value, fo
Published 28 Aug, 2018 12:00am