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Print - 2018-08-31
Youth inspired by maverick leadership of PM Khan: minister

Youth inspired by maverick leadership of PM Khan: minister

Mian Mahmood-ur-Rasheed, Minister for Housing, Urban Development and Public Health Engineering, has said that Pakistan has suffered a lot due to inept leadership, and, in the wake of general elections 2018, people of Pakistan have handed over the reins of
Published 31 Aug, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (August 30, 2018).

Published 31 Aug, 2018 12:00am
Growth maintained: NBP''''s PAT up 46 percent in 1H

Growth maintained: NBP''''s PAT up 46 percent in 1H

The meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held Thursday at the Bank''''s Head Office, in which the BoD approved the financial statements of the bank for half year ended June 30, 2018.
Published 31 Aug, 2018 12:00am
Ex-NBP chief challenges his removal

Ex-NBP chief challenges his removal

Former President of National Bank of Pakistan (NBP) Saeed Ahmed on Thursday challenged his removal in the Islamabad High Court. A single bench of IHC comprising Justice Athar Minallah will hear Saeed Ahmad's petition today (Friday).
Published 31 Aug, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 30, 2018)

Published 31 Aug, 2018 12:00am
Ex-NBP chief challenges his removal

Ex-NBP chief challenges his removal

Former President of National Bank of Pakistan (NBP) Saeed Ahmed on Thursday challenged his removal in the Islamabad High Court. A single bench of IHC comprising Justice Athar Minallah will hear Saeed Ahmad's petition today (Friday).
Published 31 Aug, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 30, 2018).

Published 31 Aug, 2018 12:00am
Iranian FM arrives

Iranian FM arrives

Iranian Foreign Minister Javad Zarif arrived Thursday here on a two-day official visit for holding talks with Pakistani leadership. According to Spokesperson Foreign Office Dr Mohammad Faisal, the Iranian foreign minister during his stay in Islamabad will
Published 31 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 31 Aug, 2018 12:00am
Iranian FM arrives

Iranian FM arrives

Iranian Foreign Minister Javad Zarif arrived Thursday here on a two-day official visit for holding talks with Pakistani leadership. According to Spokesperson Foreign Office Dr Mohammad Faisal, the Iranian foreign minister during his stay in Islamabad will
Published 31 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 31 Aug, 2018 12:00am
IHK shuts down ahead of Supreme Court hearing

IHK shuts down ahead of Supreme Court hearing

A general strike and curfew brought Indian-held Kashmir to a standstill Thursday ahead of a landmark Supreme Court hearing centred on the region's autonomy. Kashmiri leaders have threatened major protests if the Supreme Court annuls a constitutional provi
Published 31 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 30, 2018).

Published 31 Aug, 2018 12:00am
IHK shuts down ahead of Supreme Court hearing

IHK shuts down ahead of Supreme Court hearing

A general strike and curfew brought Indian-held Kashmir to a standstill Thursday ahead of a landmark Supreme Court hearing centred on the region's autonomy. Kashmiri leaders have threatened major protests if the Supreme Court annuls a constitutional provi
Published 31 Aug, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (August 30, 2018) and the forecast for Friday (August 31, 2018).

Published 31 Aug, 2018 12:00am
Irfan Ali made Secretary Power Division

Irfan Ali made Secretary Power Division

The federal government on Thursday appointed Irfan Ali as Secretary Power Division with immediate effect. Earlier, he was posted as Secretary Privatization Division. On the other hand, Hassan Nasir Jami has been appointed as Special Secretary Power Divisi
Published 31 Aug, 2018 12:00am
Irfan Ali made Secretary Power Division

Irfan Ali made Secretary Power Division

The federal government on Thursday appointed Irfan Ali as Secretary Power Division with immediate effect. Earlier, he was posted as Secretary Privatization Division. On the other hand, Hassan Nasir Jami has been appointed as Special Secretary Power Divisi
Published 31 Aug, 2018 12:00am
Irfan Ali made Secretary Power Division

Irfan Ali made Secretary Power Division

The federal government on Thursday appointed Irfan Ali as Secretary Power Division with immediate effect. Earlier, he was posted as Secretary Privatization Division. On the other hand, Hassan Nasir Jami has been appointed as Special Secretary Power Divisi
Published 31 Aug, 2018 12:00am
Nawaz's counsel leaves courtroom in protest

Nawaz's counsel leaves courtroom in protest

The counsel for former Prime Minister Nawaz Sharif, Khawaja Haris on Thursday protested and then left the courtroom when the Accountability Court Judge corrected the statement of key prosecution witness Wajid Zia.
Published 31 Aug, 2018 12:00am
Nawaz's counsel leaves courtroom in protest

Nawaz's counsel leaves courtroom in protest

The counsel for former Prime Minister Nawaz Sharif, Khawaja Haris on Thursday protested and then left the courtroom when the Accountability Court Judge corrected the statement of key prosecution witness Wajid Zia.
Published 31 Aug, 2018 12:00am
APNS urges government to ensure meaningful consultation

APNS urges government to ensure meaningful consultation

The All Pakistan Newspapers Society appreciates that the Government is contemplating reforming present structure of state managed media bodies. However, the proposed merger of various media regulatory authorities into Pakistan Media Regulatory Authority w
Published 31 Aug, 2018 12:00am
APNS urges government to ensure meaningful consultation

APNS urges government to ensure meaningful consultation

The All Pakistan Newspapers Society appreciates that the Government is contemplating reforming present structure of state managed media bodies. However, the proposed merger of various media regulatory authorities into Pakistan Media Regulatory Authority w
Published 31 Aug, 2018 12:00am
ECC decisions

ECC decisions

The Economic Coordination Committee (ECC) meeting, chaired by Federal Finance Minister Asad Umar, has sought suggestions from various relevant departments on how to deal with the circular debt estimated at 1178 billion rupees, out of which 582 billion rup
Published 31 Aug, 2018 12:00am
Iran's economy

Iran's economy

The saying "a picture is worth a thousand words" is evident from a news photograph carried by various newspapers in Pakistan and elsewhere on August 27, 2018. This picture shows Iranian legislators are raising their hands during a speech by economy minist
Published 31 Aug, 2018 12:00am
Eurasian real politik

Eurasian real politik

Europe and Asia are geographically one land mass, British geographer Sir Halford J. Mackinder maintained as far back as 1904that whoever controlled the Eurasian heartland would control the world. Soon after, Nicolas Spyman countered with the thesis that w
Published 31 Aug, 2018 12:00am
Economic development

Economic development

There are quite a few developments on the front of country's economy that need people's attention; one of which is that the federal cabinet decided to review China Pakistan Economic Corridor (CPEC) project under which $ 28 billion projects are ongoing, $
Published 31 Aug, 2018 12:00am
Government mops up Rs 30 billion in MTBs auction

Government mops up Rs 30 billion in MTBs auction

The federal government Wednesday borrowed Rs 30 billion through the auction for short-term bonds. The State Bank of Pakistan (SBP) conducted the auction for Market Treasury Bills (MTBs) on August 29, 2018 for the sale of 3-month, 6-month and 12-month bill
Published 31 Aug, 2018 12:00am
Government mops up Rs 30 billion in MTBs auction

Government mops up Rs 30 billion in MTBs auction

The federal government Wednesday borrowed Rs 30 billion through the auction for short-term bonds. The State Bank of Pakistan (SBP) conducted the auction for Market Treasury Bills (MTBs) on August 29, 2018 for the sale of 3-month, 6-month and 12-month bill
Published 31 Aug, 2018 12:00am
FPCCI seminar highlights country's water issues

FPCCI seminar highlights country's water issues

The Research and Policy Division of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) organized a roundtable on water scarcity in Pakistan and decided to form FPCCI committee on water scarcity to be headed by S.M. Muneer who will meet and m
Published 31 Aug, 2018 12:00am
SC asks NAB to refrain from creating hindrance in OLMT project

SC asks NAB to refrain from creating hindrance in OLMT project

The National Accountability Bureau (NAB) has been stopped from harassing the contractors unnecessarily and creating hindrance in the completion of the Orange Line Metro Train (OLMT) project. Naeem Bukhari Advocate, representing a contractor of OMLT, ZKB B
Published 31 Aug, 2018 12:00am
SHC orders Vawda to submit his US citizenship-related documents

SHC orders Vawda to submit his US citizenship-related documents

A divisional bench of Sindh High Court (SHC) on Thursday ordered Faisal Vawda, Pakistan Tehreek-e-Insaf's MNA to furnish the documents about surrendering his USA citizenship in the court by issuing notices to him in this regard.
Published 31 Aug, 2018 12:00am
Abdullah Shah Ghazi Urs: Local holiday announced for September 3

Abdullah Shah Ghazi Urs: Local holiday announced for September 3

Mayor of Karachi, Waseem Akhter has announced holiday in all departments and affiliated institutions of Karachi Metropolitan Corporation (KMC) on Monday, on account of the Urs of Hazrat Abdullah Shah Ghazi. The annual Urs of the saint is celebrated by dis
Published 31 Aug, 2018 12:00am
New FBR chief briefed about functions, working of departments

New FBR chief briefed about functions, working of departments

All Members of the Federal Board of Revenue (FBR) and Directorate Generals of Withholding Taxes and Broadening of Tax Base Thursday briefed new FBR Chairman Mohammad Jehanzeb Khan on their respective functions, jurisdiction and working of their department
Published 31 Aug, 2018 12:00am
PTI government may reduce POL price for September

PTI government may reduce POL price for September

Pakistan Tehreek-e-Insaf (PTI) government may provide relief to general masses by giving substantial reduction in the prices of petroleum products for the month of September. According to sources, the Oil and Gas Regulatory Authority (OGRA) has recommende
Published 31 Aug, 2018 12:00am
Imran Ismail's resignation as MPA accepted

Imran Ismail's resignation as MPA accepted

Member Provincial Assembly of Sindh from PS-111 Karachi South-V Imran Ismail, Governor of Sindh, has tendered his resignation as required by clause (1) of Article 64 read with Article 127 of Constitution of the Islamic Republic of Pakistan, has been accep
Published 31 Aug, 2018 12:00am
Jirga has no jurisdiction to award death sentence, impose fine: CJP

Jirga has no jurisdiction to award death sentence, impose fine: CJP

Chief Justice Mian Saqib Nisar on Thursday said that Jirga or panchayat has no jurisdiction to award death sentence and impose fine. The Chief Justice heading a three-judge bench, which heard a petition against illegal jirgas and their decisions, observed
Published 31 Aug, 2018 12:00am
People's contributions towards SC fund for dams praised

People's contributions towards SC fund for dams praised

Chief Justice Mian Saqib Nisar has said that availability of water is not only the fundamental right of every citizen but it is also crucial for survival and well-being of the people of Pakistan. The Chief Justice stated this during a meeting with head of
Published 31 Aug, 2018 12:00am
Rashid eyes investment through commercial use of railways land

Rashid eyes investment through commercial use of railways land

Federal Minister for Railways Sheikh Rasheed Ahmed on Thursday offered investors to utilize Pakistan Railways (PR) land for commercial purposes. "We want to build huge business malls, food markets, et cetera et cetera to make Railways a profitable organiz
Published 31 Aug, 2018 12:00am
IMC's 27th annual dealers moot held

IMC's 27th annual dealers moot held

Indus Motor Company (IMC) held its 27th Annual Dealer Conference at a local hotel here in Karachi. According to details, Susumu Matsuda, President Toyota Motor Asia Pacific, DCEO China and Asia Region, was the Chief Guest of event.
Published 31 Aug, 2018 12:00am
PBIF chief urges government to help resolve Karachi's problems

PBIF chief urges government to help resolve Karachi's problems

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that Karachi is facing severe problems despite being the major economic contributor and industrial hub of the country. Talking to the business community, he sai
Published 31 Aug, 2018 12:00am
State fails to ban proscribed outfits from reappearing: PPP
Currency

State fails to ban proscribed outfits from reappearing: PPP

"The FATF requirements to choke finances of banned organizations opened door for the state to further strangulate civil society organizations instead of curbing activities of banned outfits working under charity labels, just like the fundamental rights of
Published 31 Aug, 2018 12:00am
Need for promoting sports in KP stressed

Need for promoting sports in KP stressed

A daylong seminar to devise uniformity in planning for the development and promotion of sports in KP was held here at Lala Rafique Sports Arena on Thursday.
Published 31 Aug, 2018 12:00am
Journalists' delegation calls on CM Punjab

Journalists' delegation calls on CM Punjab

A delegation of journalists led by president Lahore Press Club (LPC) Azam Chaudhary called on Punjab chief minister Sardar Usman Buzdar here on Thursday and congratulated him on becoming the chief minister. Senior journalists including Mian Habib Ullah, S
Published 31 Aug, 2018 12:00am
Degradation of marine resources attributed to pollution

Degradation of marine resources attributed to pollution

Marine pollution, over fishing and poor hunting practices pulled down marine resources in the country's seawaters over the past few decades, experts said on Thursday. Experts at the inauguration ceremony of a long-line fishing boat and distribution of ice
Published 31 Aug, 2018 12:00am
PBEA hails Dr Jehanzeb's appointment as FBR chief

PBEA hails Dr Jehanzeb's appointment as FBR chief

Pakistan Bedwear Exporters Association (PDEA) has welcomed the appointment of Dr Mohammad Jehanzeb Khan as the Chairman of the Federal Board of Revenue and Secretary Revenue. Shabbir Ahmed Patron-in-Chief, Pakistan Bedwear Exporters Association, said that
Published 31 Aug, 2018 12:00am
APCAA for revival of cargo rail service

APCAA for revival of cargo rail service

All Pakistan Customs Agents Association (APCAA) has stressed upon the need of cargo rail service for safe transportation of goods and revival of loss earning Pakistan Railways.
Published 31 Aug, 2018 12:00am
CLSA agrees to buy 24.9 percent shares in Alfalah Securities

CLSA agrees to buy 24.9 percent shares in Alfalah Securities

Hong Kong based firm CLSA is returning to Pakistan after almost two decades and agreed to buy a 24.9 percent shares in Alfalah Securities. CLSA is backed by the World Bank's International Finance Corporation Credit Lyonnais Securities Asia.
Published 31 Aug, 2018 12:00am
CLSA agrees to buy 24.9 percent shares in Alfalah Securities

CLSA agrees to buy 24.9 percent shares in Alfalah Securities

Hong Kong based firm CLSA is returning to Pakistan after almost two decades and agreed to buy a 24.9 percent shares in Alfalah Securities. CLSA is backed by the World Bank's International Finance Corporation Credit Lyonnais Securities Asia.
Published 31 Aug, 2018 12:00am
SECP intensifies efforts against terror financing

SECP intensifies efforts against terror financing

The SECP has intensified its efforts to combat terror financing and money laundering. On the directive of Chairman Shaukat Hussain, the SECP has issued Circular No 16 of 2018, with a view to maintaining a register of ultimate beneficial ownership. This ci
Published 31 Aug, 2018 12:00am
SCCI to apprise authorities about business community's issues

SCCI to apprise authorities about business community's issues

Sarhad Chamber of Commerce and Industry (SCCI) will give a roadmap to the newly-elected federal and provincial governments to amicably resolve the issues of business community, under which concrete proposals would be prepared. It will also raise the commu
Published 31 Aug, 2018 12:00am
Japanese envoy calls on NA speaker

Japanese envoy calls on NA speaker

Speaker National Assembly Asad Qaiser has said that there is a need to further strengthen trade and economic relations between Pakistan and Japan. He said that both the countries have stood with each other during testing times. He was speaking to Japanese
Published 31 Aug, 2018 12:00am
Two illegal drinking water units seized

Two illegal drinking water units seized

Pakistan Standards and Quality Control Authority (PSQCA) seized prepared stock of two Bottled Drinking Water units, working illegally and unlicensed.
Published 31 Aug, 2018 12:00am
Iranian FM, NA speaker discuss bilateral ties

Iranian FM, NA speaker discuss bilateral ties

Iranian Foreign Minister Dr Mohammad Javad Zarif called on Speaker National Assembly Asad Qaiser in the Parliament House on Thursday and discussed matters pertaining to bilateral relations and regional issues.
Published 31 Aug, 2018 12:00am
ADB official, Turkish envoy meet Shafqat Mahmood

ADB official, Turkish envoy meet Shafqat Mahmood

Federal Minister for Education and Technical Training Shafqat Mahmood was called on by Xiaohong Yang, Country Director Asian Development Bank (ADB) Thursday in Islamabad.
Published 31 Aug, 2018 12:00am
People urged to participate in 'Plant for Pakistan Campaign'

People urged to participate in 'Plant for Pakistan Campaign'

The government has urged the people to actively participate in 'Plant for Pakistan Campaign' to be launched on September 2, 2018. While addressing a press conference here on Thursday, Prime Minister's Advisor on Climate Change Malik Amin Aslam urged the g
Published 31 Aug, 2018 12:00am
Bank Alfalah, CLSA announce partnership

Bank Alfalah, CLSA announce partnership

Bank Alfalah Limited (Bank Alfalah), the majority shareholder of Alfalah Securities (Private) Limited (Alfalah Securities), and CLSA JV Holdings Limited (CLSA), a subsidiary of CITIC Securities, are pleased to announce a strategic partnership in Pakistan
Published 31 Aug, 2018 12:00am
Novo Nordisk launches new insulin

Novo Nordisk launches new insulin

World leader in Diabetes care, Novo Nordisk Pakistan launched a New Generation Insulin for the treatment of diabetes, at a press conference here the other day. During the event, Rashed Rafique Butt, Vice President & General Manager, Novo Nordisk Pakistan
Published 31 Aug, 2018 12:00am
PRGMEA calls for declaring export emergency

PRGMEA calls for declaring export emergency

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar on Thursday urged upon the government to declare Export Emergency to overcome the economic crunch. Talking to Business Recorder on Thursda
Published 31 Aug, 2018 12:00am
EcGP, PCJCCI to hold global engineering expo from tomorrow

EcGP, PCJCCI to hold global engineering expo from tomorrow

The E-commerce Gateway Pakistan (EcGP) in collaboration with the Pakistan-China Joint Chamber of Commerce (PCJCCI) is organizing three-day "International Engineering and Machinery Exhibition-2018" from September 1, 2018. PCJCCI President S M Naveed and Ec
Published 31 Aug, 2018 12:00am
10th death anniversary of POF Shuhada observed

10th death anniversary of POF Shuhada observed

The 10th Death Anniversary of POF Shuhada was observed in Wah Cantt. with dignity and honour. In order to pay tribute to these Shuhada, the day is observed in POF every year and a special ceremony is arranged for them. This year too, a simple but impressi
Published 31 Aug, 2018 12:00am
Suspended DPO submits reply to inquiry committee

Suspended DPO submits reply to inquiry committee

Suspended Pakpattan District Police Officer (DPO) Rizwan Umar Gondal in his written reply submitted to an inquiry committee constituted to investigate the alleged misconduct of DPO with Khawar Fareed Maneka, the ex-husband of first lady Bushra Imran, cont
Published 31 Aug, 2018 12:00am
NA 65 Talagang: Shujaat files nomination for by-election

NA 65 Talagang: Shujaat files nomination for by-election

President Pakistan Muslim League-Q (PML-Q) and former Prime Minister Ch Shujaat Hussain has filed his nomination papers to contest by-election of NA-65 Talagang as a joint candidate of coalition partners, PML-Q and PTI. NA 65 seat has been vacated by Ch P
Published 31 Aug, 2018 12:00am
OPPO F9 lands in Pakistan

OPPO F9 lands in Pakistan

OPPO, The Selfie Expert, on Wednesday announced the latest addition to its popular F-series - OPPO F9. With VOOC Flash Charging that offers 2 hours of talk with just five minutes of charging and industry first Gradient Color Design, the F9 has been design
Published 31 Aug, 2018 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares ended higher on Thursday, moving away from their lowest close in 17 months hit earlier this week, as reports that the main state-owned pension fund would return to the equity market boosted sentiment.
Published 31 Aug, 2018 12:00am
Trump says China making things 'much more difficult' with North Korea

Trump says China making things 'much more difficult' with North Korea

US President Donald Trump on Wednesday accused China of complicating Washington's relationship with North Korea, as talks on Pyongyang's denuclearization are at a standstill. "China makes it much more difficult in terms of our relationship with North Kore
Published 31 Aug, 2018 12:00am
Macron proposes EU collective defence plan

Macron proposes EU collective defence plan

French President Emmanuel Macron suggested that Europe adopts a form of collective defence on Thursday as he strengthens calls for EU integration in the face of concerns over the United States' security commitments.
Published 31 Aug, 2018 12:00am
Space station reports 'leak', crew not in danger

Space station reports 'leak', crew not in danger

The International Space Station crew on Thursday was repairing a small "leak" most likely caused by a collision with a small meteorite, the head of the Russian space agency said, adding the incident presented no danger.
Published 31 Aug, 2018 12:00am
US consumer spending, inflation data point to strong economy

US consumer spending, inflation data point to strong economy

US consumer spending increased solidly in July, suggesting strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve's 2 percent target for the third time this year.
Published 31 Aug, 2018 12:00am
FTSE hits two-week low after sterling rise
Currency

FTSE hits two-week low after sterling rise

Britain's top share index fell to a two-week low on Thursday as pressure from a firmer pound hit the index's dollar-earning constituents, though utilities were a relative bright spot. The FTSE 100 index was down 0.6 percent at 7,516.03 at its close, exten
Published 31 Aug, 2018 12:00am
Australian shares flat; New Zealand slips

Australian shares flat; New Zealand slips

Australian shares ended flat on Thursday after the country's third and fourth-largest telecom operators announced a merger, creating a heavyweight challenger to the top two providers.
Published 31 Aug, 2018 12:00am
China trade fears end European shares' recovery

China trade fears end European shares' recovery

European shares fell back on Thursday as weakness in Chinese markets and worries over a trade dispute between the United States and China eclipsed optimism that a NAFTA deal could be struck by Friday's deadline.
Published 31 Aug, 2018 12:00am
China stocks drop for third day

China stocks drop for third day

China stocks fell on Thursday, their third straight session of losses, as worries lingered over the country's economic health amid its trade spat with the United States.
Published 31 Aug, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended marginally lower on Thursday, as gains in consumer and healthcare were offset by losses in financial stocks, in volatile trade due to expiry of derivatives contracts at the end of the session.
Published 31 Aug, 2018 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday afternoon as an overnight drop in longer-dated yields and a flattening of the yield curve were mostly reversed by an upward revision of US second-quarter gross domestic product.
Published 31 Aug, 2018 12:00am
Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday afternoon as an overnight drop in longer-dated yields and a flattening of the yield curve were mostly reversed by an upward revision of US second-quarter gross domestic product.
Published 31 Aug, 2018 12:00am
Kiwi, Aussie down
Currency

Kiwi, Aussie down

The New Zealand dollar skidded on Thursday after a gauge of business confidence fell again in August to hit a decade low, while the Australian currency eased on disappointing capital expenditure data. The kiwi snapped four straight sessions of gains to st
Published 31 Aug, 2018 12:00am
Dollar slips for a fifth day in Europe
Currency

Dollar slips for a fifth day in Europe

The dollar edged lower for a fifth consecutive day on Thursday as easing concerns over trade conflicts fuelled appetite for riskier currencies, though thin month-end markets checked losses.
Published 31 Aug, 2018 12:00am
Sri Lankan rupee weakens further
Currency

Sri Lankan rupee weakens further

The Sri Lankan rupee dropped to an all-time low on Thursday, marking its eighth straight session of setting fresh record lows, as dollar demand from importers remained strong amid sluggish inflows. The rupee, which hit a fresh record low of 161.50 early i
Published 31 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 Thursday. 83.75-83.75 (Previous 83.75-83.75).
Published 31 Aug, 2018 12:00am
British pound moves up in Asia
Currency

British pound moves up in Asia

The British pound held firm in Asian trade on Thursday, after making its biggest gains in seven months the previous day, taking heart from the European Union's offer of a post-Brexit 'partnership'. The pound surged as fears of a 'hard Brexit' eased after
Published 31 Aug, 2018 12:00am
Hyperloop to build $500 million research centre in Spain

Hyperloop to build $500 million research centre in Spain

Virgin Hyperloop One, a US startup developing a near-supersonic rail transit system, has reached an agreement with Spanish state-owned rail infrastructure company Adif to build a $500 million research centre in Spain, its first in Europe, the two companie
Published 31 Aug, 2018 12:00am
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