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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-09-25
CBOT wheat futures fall on technical selling

CBOT wheat futures fall on technical selling

Chicago Board of Trade (CBOT) wheat futures declined Friday on technical selling and some outlooks for beneficial rains in Russia, but the market still rose 2 percent for the week on worries about tightening global supplies. CBOT December soft red winter
Published 25 Sep, 2018 12:00am
Aasim Siddiqui elected APSA chairman

Aasim Siddiqui elected APSA chairman

Aasim Siddiqui has been elected unopposed as Chairman of All Pakistan Shipping Association (APSA) for the year 2018-2019 at the Annual General Meeting held here. APSA is the only organisation in the country representing all the sectors of the shipping fra
Published 25 Sep, 2018 12:00am
New US envoy Jones assumes charge

New US envoy Jones assumes charge

New US diplomat to Pakistan Paul Jones began his assignment as the Chargé d'Affaires at the United States Embassy Monday with a resolve to work with the new government of Pakistan. "Ambassador Jones will lead the United States Mission in Pakistan in its o
Published 25 Sep, 2018 12:00am
Prices of helmets multiply after LHC verdict

Prices of helmets multiply after LHC verdict

The prices of helmets have gone up by at least 100 to 150 percent in all small and major commercial markets of the provincial capital after the city traffic police (CTP) following a Lahore High Court (LHC) order started an aggressive crackdown against mot
Published 25 Sep, 2018 12:00am
International fisheries & aquaculture moot, expo arrangements reviewed

International fisheries & aquaculture moot, expo arrangements reviewed

The University of Veterinary & Animal Sciences (UVAS) Lahore organised a meeting of heads of federal & provincial fisheries departments on pre International Fisheries & Aquaculture Conference & Expo 2019 for the promotion of fisheries and aquaculture sect
Published 25 Sep, 2018 12:00am
Concrete steps required to increase exports to Saudi Arabia: PBIF

Concrete steps required to increase exports to Saudi Arabia: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasised the need that Pakistan should to take concrete measures for increasing exports to Saudi Arabia. Mian Zahid Hussain said that Pakistani imports from Saudi Arab
Published 25 Sep, 2018 12:00am
Treet Corporation Limited

Treet Corporation Limited

Treet Corporation Limited is one of the oldest business groups in Pakistan. The company has its roots before the partition of subcontinent almost a century ago, when it was established as a diversification from canteen and agricultural business. After the
Published 25 Sep, 2018 12:00am
Treet Corporation Limited

Treet Corporation Limited

Treet Corporation Limited is one of the oldest business groups in Pakistan. The company has its roots before the partition of subcontinent almost a century ago, when it was established as a diversification from canteen and agricultural business. After the
Published 25 Sep, 2018 12:00am
SECP bars company from engaging in any insurance survey

SECP bars company from engaging in any insurance survey

An Appellant Bench of the Securities and Exchange Commission of Pakistan (SECP) has barred a company licensed under the Insurance Ordinance, 2000 from engaging in any insurance survey in respect of all classes of business until conclusion of the proceedin
Published 25 Sep, 2018 12:00am
US diplomat found dead in Madagascar

US diplomat found dead in Madagascar

An American diplomat has been found dead after an apparent attack at his residence in Madagascar's capital, police said Monday, adding that a suspect had been arrested. In the early hours of Sunday morning "after receiving a call from neighbours and priva
Published 25 Sep, 2018 12:00am
Gaza staff at UN agency for Palestinians strike over job cuts

Gaza staff at UN agency for Palestinians strike over job cuts

Staff at the United Nations agency for Palestinian refugees went on strike in the Gaza Strip on Monday to protest against job losses and US funding cuts. The one-day strike closed more than 250 UNRWA schools in Gaza, as well as medical centres and food ai
Published 25 Sep, 2018 12:00am
Italy adopts tough anti-migrant decree

Italy adopts tough anti-migrant decree

The Italian government on Monday adopted a heavily-criticised security decree which will make it easier to expel migrants and strip them of Italian citizenship. The new bill is "a step forward to make Italy safer," far-right Interior Minister Matteo Salvi
Published 25 Sep, 2018 12:00am
EU gives Britain two months to pay 2.7 billion euros over China fraud

EU gives Britain two months to pay 2.7 billion euros over China fraud

The EU on Monday gave Britain two months to recover 2.7 billion euros ($3.3 billion) in lost customs duties or risk referral to the EU's top court after London allegedly ignored a scam by Chinese importers. The demand, part of a so-called infringement act
Published 25 Sep, 2018 12:00am
Russia boosts Syria air defence in plane row with Israel

Russia boosts Syria air defence in plane row with Israel

Moscow on Monday announced new security measures to protect its military in Syria as the Kremlin squabbled with Israel over who was to blame for the downing of a Russian plane in the country last week. Russia said it would supply the Syrian army with an S
Published 25 Sep, 2018 12:00am
Back at UN, Trump eyes new North Korea summit 'quite soon'

Back at UN, Trump eyes new North Korea summit 'quite soon'

President Donald Trump said on Monday he expects a second summit with Kim Jong Un to take place "quite soon" as he returned to the United Nations to trumpet a turnaround in ties with the North Korean leader. Trump used his debut address to the UN General
Published 25 Sep, 2018 12:00am
UK Labour calls for worker ownership, nationalisations

UK Labour calls for worker ownership, nationalisations

Britain's main opposition Labour Party on Monday called for mass nationalisation and a new scheme to give workers a share of company dividends that was dismissed by big business. At the party's annual conference, shadow finance minister John McDonnell out
Published 25 Sep, 2018 12:00am
EU takes Poland to court over judicial independence

EU takes Poland to court over judicial independence

The European Union referred Poland to its top court on Monday, in the latest legal confrontation between Brussels and populist member governments. EU leaders say they had to move quickly to halt an alleged legal threat to the independence of Poland's judi
Published 25 Sep, 2018 12:00am
500,000 children face 'immediate danger' in Tripoli: UN

500,000 children face 'immediate danger' in Tripoli: UN

Half a million children are in "immediate danger" in Libya's capital Tripoli due to fighting, the United Nations children's fund UNICEF said on Monday. Clashes that broke out between rival militias in late August had killed at least 115 people and wounded
Published 25 Sep, 2018 12:00am
Sky, Randgold surge on deals while trade war weighs on FTSE
Currency

Sky, Randgold surge on deals while trade war weighs on FTSE

Resurgent fears of a protracted and costly trade war dented the FTSE 100 on Monday, while M&A stole the spotlight with Comcast finally clinching a takeover of Sky, and Randgold Resources agreeing a tie-up with Barrick Gold. Britain's top stock index was d
Published 25 Sep, 2018 12:00am
Australian shares lower; a2 Milk drags New Zealand

Australian shares lower; a2 Milk drags New Zealand

Australian shares edged down on Monday, as lower commodities prices hit materials stocks while financials slipped on fresh revelations of wrongdoing in a high-profile probe into the sector. The S&P/ASX 200 index eased 0.1 percent or 7.70 points to 6,186.9
Published 25 Sep, 2018 12:00am
US-China trade war dents European shares

US-China trade war dents European shares

The US-China trade war dented European stocks on Monday after tariffs from the world's biggest economies came into force and China cancelled planned talks, triggering new fears of a protracted, costly trade dispute. Europe's STOXX 600 fell 0.5 percent, ex
Published 25 Sep, 2018 12:00am
India's NSE index sees worst day in six months

India's NSE index sees worst day in six months

Indian shares fell more than 1 percent and ended lower for a fifth straight session on Monday, dragged by financials such as Indiabulls Housing Finance Ltd and Housing Development Finance Corp Ltd as investors continued to trim exposure to non-banking fin
Published 25 Sep, 2018 12:00am
Eurozone bond yields rise after Draghi highlights rising inflation

Eurozone bond yields rise after Draghi highlights rising inflation

Germany's 10-year Bund yield rose on Monday to its highest since mid-June after European Central Bank President Mario Draghi highlighted a "vigorous" pick-up in inflation and noted building wage pressures across the bloc. The inflation recovery depends on
Published 25 Sep, 2018 12:00am
Eurozone bond yields rise after Draghi highlights rising inflation

Eurozone bond yields rise after Draghi highlights rising inflation

Germany's 10-year Bund yield rose on Monday to its highest since mid-June after European Central Bank President Mario Draghi highlighted a "vigorous" pick-up in inflation and noted building wage pressures across the bloc. The inflation recovery depends on
Published 25 Sep, 2018 12:00am
Southeast Asian stocks: Indonesia falls, Singapore erases early gains

Southeast Asian stocks: Indonesia falls, Singapore erases early gains

Indonesian shares fell over 1 percent on Monday amid ongoing presidential elections in Southeast Asia's largest economy, while Singapore stocks came off a near 4-week high to close slightly changed. Indonesian President Joko Widodo launched his re-electio
Published 25 Sep, 2018 12:00am
China markets closed

China markets closed

China's stock, bond, foreign exchange and commodity futures markets are closed on Monday for the Mid-Autumn Festival. Markets will resume trade on Tuesday, Sept. 25.
Published 25 Sep, 2018 12:00am
Monday's early afternoon trade

Monday's early afternoon trade

Industrials took the biggest knock on Wall Street on Monday as the latest US-China tariffs kicked in, while adding to uncertainty were questions over whether Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, had quit. With US
Published 25 Sep, 2018 12:00am
S&P communication sector starts with a whimper

S&P communication sector starts with a whimper

The new S&P 500 communication services sector, which includes such high-profile names as Facebook, Alphabet and Netflix, made its debut on Monday, after the largest-ever overhaul of Wall Street's broad business sectors. Under the shakeup of the Global Ind
Published 25 Sep, 2018 12:00am
Hang Seng index ends weaker

Hang Seng index ends weaker

Hong Kong's main Hang Seng index ended weaker on Monday led by a decline in Chinese property stocks, snapping a four-session winning streak. Chinese stock markets were shut for a holiday, while China's H-shares index also closed lower.
Published 25 Sep, 2018 12:00am
Sterling bounces on Brexit hopes
Currency

Sterling bounces on Brexit hopes

The pound bounced on Monday, rising above $1.31 after a big selloff the previous session, but investors said upbeat comments from Britain's Brexit minister about a possible deal with the EU would not support the currency for long. Sterling tumbled two cen
Published 25 Sep, 2018 12:00am
Canadian dollar holds on to gains
Currency

Canadian dollar holds on to gains

The Canadian dollar was little changed against its US counterpart on Monday, holding onto recent gains, as oil prices rose and the greenback fell broadly, while domestic data showed a stronger-than-expected increase in wholesale trade. Canadian wholesale
Published 25 Sep, 2018 12:00am
Asian forex: Asian currencies come under pressure
Currency

Asian forex: Asian currencies come under pressure

Asian currencies were weaker across the board on Monday as investors faced the prospect of an escalation in the Sino-US trade conflict after China cancelled upcoming talks even as the latest round of tariffs take effect. China cancelled mid-level trade ta
Published 25 Sep, 2018 12:00am
Brazil real slips against peers

Brazil real slips against peers

The Brazilian real underperformed its peers as traders booked profits from last week's gains ahead of another poll on next month's elections due later on Monday. Volatility has spiked in Brazilian markets ahead of the most hard-to-predict presidential vot
Published 25 Sep, 2018 12:00am
Dollar erases early gains in Europe
Currency

Dollar erases early gains in Europe

The dollar slipped on Monday, erasing its earlier gains, as investors searched for fresh clues to extend a multi-month rally in the greenback before a widely expected interest rate hike by the US central bank this week. With market forecasts for further i
Published 25 Sep, 2018 12:00am
Early trade in New York: euro rises on Draghi's comments
Currency

Early trade in New York: euro rises on Draghi's comments

The euro rose to more than a three-month high against the dollar on Monday after European Central Bank chief Mario Draghi said he sees a vigorous pickup in euro zone inflation, backing moves toward unwinding an ECB asset purchase program meant to stimulat
Published 25 Sep, 2018 12:00am
Yen gets brief lift in Asia
Currency

Yen gets brief lift in Asia

The safe-haven Japanese yen blipped briefly higher on Monday as investors reacted to news China had cancelled trade talks with the United States, just as the latest round of two-way tariffs kicked in. The trade-exposed Australian dollar went the other way
Published 25 Sep, 2018 12:00am
Turkey's lira rises
Currency

Turkey's lira rises

Turkey's lira firmed more than 3 percent on Monday after US Secretary of State Mike Pompeo said he expected discussions with Turkish officials this week over the fate of a US pastor whose trial has strained relations The lira has tumbled 40 percent agains
Published 25 Sep, 2018 12:00am
France unveils major tax cuts as growth flags

France unveils major tax cuts as growth flags

The French government on Monday unveiled billions of euros in tax relief for businesses and households, alongside further budget cuts, as President Emmanuel Macron struggles to deliver more jobs and higher growth as promised. The former investment banker'
Published 25 Sep, 2018 12:00am
US CEO sentiment dips on trade angst

US CEO sentiment dips on trade angst

Although CEOs for large US companies remain broadly confident on the economy, corporate sentiment took another hit in the third quarter, according to a survey released Monday. The survey - which measures expectations for sales, capital spending and hiring
Published 25 Sep, 2018 12:00am
Sydney breaks ground on new Airport

Sydney breaks ground on new Airport

Sydney-bound holidaymakers will soon have more options to reach Australia's largest city, which on Monday broke ground on a new US$3.6 billion airport. "Western Sydney Airport" is scheduled to open in 2026 as part of an effort to deal with booming air tra
Published 25 Sep, 2018 12:00am
Singapore watchdog fines Grab, Uber $9.5 million over merger

Singapore watchdog fines Grab, Uber $9.5 million over merger

Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber'
Published 25 Sep, 2018 12:00am
Miner Barrick buys Randgold to create $18 billion gold giant

Miner Barrick buys Randgold to create $18 billion gold giant

Canadian mining giant Barrick Gold has bought Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion, the pair said on Monday. The blockbuster all-share deal was described as a merger but is effectively a takeover
Published 25 Sep, 2018 12:00am
World still waiting for wages boost despite stronger economy: Hays

World still waiting for wages boost despite stronger economy: Hays

A meaningful boost to wage growth still looks elusive for most countries despite a robust global economy over the last year, an annual report on the world's labour market showed on Monday. Firms are finding it increasingly hard to hire skilled staff but w
Published 25 Sep, 2018 12:00am
Egypt's structural reforms key for sustainable development: IMF
Currency

Egypt's structural reforms key for sustainable development: IMF

IMF managing director Christine Lagarde has praised Egypt's economy saying it was showing "strong signs of recovery" under a three-year reform plan, and stressed the importance of structural reforms to achieve more sustainable development. Egypt has imple
Published 25 Sep, 2018 12:00am
Turkish manufacturing confidence hits lowest since 2009

Turkish manufacturing confidence hits lowest since 2009

Business confidence among Turkish manufacturers tumbled to a nine-year low this month and two other measures of economic health also declined, data showed on Monday, reinforcing expectations of a downturn in the second half of the year. Once seen as a sta
Published 25 Sep, 2018 12:00am
World Food Programme tackles hunger with innovative ad

World Food Programme tackles hunger with innovative ad

The UN World Food Programme on Monday took its campaign to fight world hunger to a global cinema audience with an innovative, interactive advertisement. Billed as a world first, the advertisement that will appear in cinemas in more than 30 countries will
Published 25 Sep, 2018 12:00am
Additional IMF funding to Argentina 'close to reality'
Currency

Additional IMF funding to Argentina 'close to reality'

Argentine President Mauricio Macri said on Monday that the country was close to a deal with the International Monetary Fund to bolster a $50 billion credit line, while a government source said $3 to $5 billion in additional credit could be announced this
Published 25 Sep, 2018 12:00am
I'm a 'scapegoat' says sacked Sri Lanka captain Mathews

I'm a 'scapegoat' says sacked Sri Lanka captain Mathews

Sri Lanka's sacked skipper Angelo Mathews accused the country's cricket board Monday of blaming him solely for the island's humiliating exit from the Asia Cup. The 31-year-old all rounder has threatened to retire from the two shorter formats of the game a
Published 25 Sep, 2018 12:00am
PCB names Pakistan-A squad

PCB names Pakistan-A squad

Pakistan Cricket Board (PCB) has announced a 14-member Pakistan-A squad to face Australia in a four-day first-class fixture at the ICC Academy, Dubai from September 29 to October 2. The national selection committee headed by Inzamam ul Haq has announced t
Published 25 Sep, 2018 12:00am
Probables for Asian Champions Trophy announced

Probables for Asian Champions Trophy announced

Pakistan Hockey Federation (PHF) has announced as many as 31probables for the training camp, here at National Hockey Stadium as a part of preparations for the Asian Champions Trophy scheduled to be held in Muscat (Oman) from October 18 to 28. The players
Published 25 Sep, 2018 12:00am
WADA chief hits back at criticism over Russia doping decision

WADA chief hits back at criticism over Russia doping decision

World Anti-Doping Agency president Craig Reedie has described as "deeply offensive" an accusation that the agency put money over clean sport following its decision to lift a ban on Russia's anti-doping agency. The decision was taken last week at a meeting
Published 25 Sep, 2018 12:00am
Cricket Australia closes probe into Moeen Ali 'Osama' claim

Cricket Australia closes probe into Moeen Ali 'Osama' claim

Cricket Australia announced Monday it has closed its investigation into Moeen Ali's claim he was called "Osama" during the 2015 Ashes series, after failing to unearth new details on the allegation. The England all-rounder and practising Muslim made the cl
Published 25 Sep, 2018 12:00am
Harry Kane admits he has been below par for Tottenham

Harry Kane admits he has been below par for Tottenham

Harry Kane admits he has fallen below his own high standards this season but said he welcomes the intense public scrutiny of his game. The Tottenham striker ended a five-game goalless run for club and country when he put his side ahead from the penalty sp
Published 25 Sep, 2018 12:00am
Tiger Woods seals first win in five years with Tour Championship

Tiger Woods seals first win in five years with Tour Championship

Tiger Woods scored his first victory in more than five years on Sunday, completing a two-shot win at the Tour Championship to crown a fairy tale comeback after a near two-year absence. The 42-year-old, 14-time major winner carded a one-over-par 71 at Atla
Published 25 Sep, 2018 12:00am
European wheat futures edge lower

European wheat futures edge lower

European wheat futures edged lower on Friday in line with weaker Chicago prices as wheat markets consolidated after rallying this week on brisk international demand. Benchmark December milling wheat on Paris-based Euronext unofficially closed 0.75 euros,
Published 25 Sep, 2018 12:00am
Palm oil edges lower on European vegoils market
Vegetable Oil

Palm oil edges lower on European vegoils market

Palm oil on the European vegetable oils market edged lower on Thursday on expectations for increasing production and higher ending stocks in October, which pressured Malaysian palm oil futures. Asking prices for palm oil were between unchanged and $5 a to
Published 25 Sep, 2018 12:00am
Jordan tenders to buy 120,000 tonnes of wheat

Jordan tenders to buy 120,000 tonnes of wheat

Jordan's main state grains buyer has again issued an international tender to purchase 120,000 tonnes of hard milling wheat, European traders said on Thursday. The tender deadline is September 27.
Published 25 Sep, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 325,026 tonnes of cargo comprising 216,201 tonnes of import cargo and 108,825 tonnes of export cargo including 9,039 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargos of 2
Published 25 Sep, 2018 12:00am
India urges China to drop rapeseed meal import ban

India urges China to drop rapeseed meal import ban

India has urged China to drop a years-long ban on rapeseed meal imports from the South Asian nation at a meeting with government officials and feed makers as it aims to boost sales of critical farm goods amid growing US-China trade tensions. The meeting w
Published 25 Sep, 2018 12:00am
Ukraine exports 8.8 million tonnes of grain

Ukraine exports 8.8 million tonnes of grain

Around 8.8 million tonnes of grain have been exported or prepared for future export so far this season, down from around 9.7 million tonnes at the same point last season, the state service for food safety said on Friday. So far in the 2018/19 season, whic
Published 25 Sep, 2018 12:00am
Russian wheat export prices higher on stronger rouble

Russian wheat export prices higher on stronger rouble

Russian wheat export prices rose further at the end of last week on a stronger rouble, which is trading at more than six-week highs against the dollar, and tougher control of quality, analysts said on Monday. Russia's food safety watchdog beefed up qualit
Published 25 Sep, 2018 12:00am
Soyameal rises on European feeds market

Soyameal rises on European feeds market

Soyameal on the European meals and feeds market rose on Friday, tracking technical gains in CBOT soyameal futures the day before after hitting lows on concerns over the escalating trade dispute between the United States and world's top soya buyer China. S
Published 25 Sep, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,471. The traded value of Metals, Energy and COTS/FX was recorded at 9.390 billion and the number of lots traded was 9,991.
Published 25 Sep, 2018 12:00am
Ivorian cocoa farmers welcome drop in rainfall

Ivorian cocoa farmers welcome drop in rainfall

Dry spells across most of Ivory Coast's cocoa-growing regions last week will help dry the first beans of the October-to-March main crop, farmers said on Monday, as they look for a higher minimum price this year. The top grower sells forward the bulk of it
Published 25 Sep, 2018 12:00am
Seed cotton prices rise modestly
Cotton

Seed cotton prices rise modestly

Seed cotton prices improved on the cotton market on Monday in the process of trading activity, dealers said. The official spot rate dropped by Rs 100 to Rs 8100, they added. Prices of seed cotton in Sindh were at Rs 3700-3900, in the Punjab, rates at Rs 3
Published 25 Sep, 2018 12:00am
India's gold discount widens to three months high

India's gold discount widens to three months high

Discounts for gold against official domestic prices in India widened to three-month highs this week, even as an escalation in the trade dispute between China and the United States triggered safe haven buying in China, the world's biggest consumer. Dealers
Published 25 Sep, 2018 12:00am
Asian naphtha to reach three-session high

Asian naphtha to reach three-session high

Asia's naphtha crack recovered 90 cents on Friday to reach a three-session high of $97.10 a tonne after two straight sessions of losses as demand provided some respite for sellers. Sellers were still selling cargoes for first-half November at discounts bu
Published 25 Sep, 2018 12:00am
China's steel rebar prices rise

China's steel rebar prices rise

China's construction steel rebar prices rose on Friday, finishing the week on a positive note on the back of support from the country's plans to increase infrastructure spending. The most-active rebar on the Shanghai Futures Exchange closed up 0.1 percent
Published 25 Sep, 2018 12:00am
CBOT soyabean futures lower on massive US crop

CBOT soyabean futures lower on massive US crop

Chicago Board of Trade soyabean futures declined on Friday as traders returned their focus to the massive US crop and the ongoing trade dispute with China, the world's top soya buyer. CBOT November soyabeans settled down 3 cents at $8.47-1/4 per bushel. H
Published 25 Sep, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Monday (September 24, 2018).

Published 25 Sep, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 25 Sep, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 25 Sep, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 25 Sep, 2018 12:00am
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