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May 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-10-12
ECB divided over protectionist risks to eurozone
Currency

ECB divided over protectionist risks to eurozone

European Central Bank chiefs were divided at their September meeting over the danger to the eurozone economy from protectionism and other global threats, with some calling for a gloomier assessment. "It was remarked that a case could also be made for char
Published 12 Oct, 2018 12:00am
Ghani vows to support Karachi mayor

Ghani vows to support Karachi mayor

Sindh Local Government Minister Saeed Ghani on Thursday vowed to support Karachi Mayor Waseem Akhtar through devolution of powers as per the Sindh Local Government Act-2013. Addressing a joint press conference with Waseem Akhtar at Old KMC Building, Saeed
Published 12 Oct, 2018 12:00am
EFU Life Assurance wins Consumers Choice Award

EFU Life Assurance wins Consumers Choice Award

EFU Life Assurance Limited, leading private sector life insurance provider in Pakistan, has been honored with the prestigious 'Consumer Choice Award 2018' for Best Life Insurance Company at the 13th Consumer Choice Award 2017-18. Mustafa Hussain Oonwala,
Published 12 Oct, 2018 12:00am
KU forms body to look into affairs of its land

KU forms body to look into affairs of its land

The Vice Chancellor of Karachi University (KU) Professor Dr Muhammad Ajmal Khan has constituted a committee which is entrusted to look into the matter of KU land and to advice utilisation of land for the benefit of KU for the period of one year.
Published 12 Oct, 2018 12:00am
DG's intervention enables FBR to intercept paper products' smuggling

DG's intervention enables FBR to intercept paper products' smuggling

The personal intervention of Director General, Customs Intelligence, Shaukat Ali has enabled Federal Board of Revenue (FBR) to intercept standard/prime quality paper products smuggled from Karachi Export Processing Zone (KEPZ) to tariff areas, preventing
Published 12 Oct, 2018 12:00am
Ownership percentages: LLP bound to maintain register of partners

Ownership percentages: LLP bound to maintain register of partners

Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for the Limited Liability Partnership (LLP) to maintain a register of partners with a statement of their ownership percentages and their associated voting rights at its registered
Published 12 Oct, 2018 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold prices on Thursday jumped over 2 percent to more than a two-month high as tumbling global stock markets sent investors rushing to the safe-haven asset. Spot gold rose 2.6 percent to $1,225.26 as of 2:11 p.m. EDT (1811 GMT), after hitting its highest
Published 12 Oct, 2018 12:00am
US MIDDAY corn hits seven-week high

US MIDDAY corn hits seven-week high

US corn futures jumped more than 1 percent to a seven-week high on Thursday after the US Department of Agriculture (USDA) unexpectedly cut its yield forecast for the 2018 crop, leaving stocks of the grain lower than anticipated.
Published 12 Oct, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose over 2 percent to more than two-month highs on Thursday as sliding global stock markets sent risk-wary investors rushing to the safe-haven asset. Spot gold was up 2.1 percent at $1,218.92 as of 11:56 a.m. EDT (1556 GMT), after hitting its highes
Published 12 Oct, 2018 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold prices rose on Thursday in Asian trade as share markets in Asia and US plunged to multi-month lows and the dollar weakened, but gains were limited by the prospect of multiple rate hikes by the US Federal Reserve over the next year.
Published 12 Oct, 2018 12:00am
Gold moves higher in New York

Gold moves higher in New York

Gold prices edged higher on Wednesday as some investors sought refuge in the precious metal after the global stocks tumbled and the US dollar weakened. Spot gold rose 0.4 percent to $1,194.12 per ounce by 4:52 p.m. EDT (2052 GMT). US gold futures settled
Published 12 Oct, 2018 12:00am
Arabica coffee approaches 3-1/2 months peak; sugar, cocoa up

Arabica coffee approaches 3-1/2 months peak; sugar, cocoa up

Arabica coffee futures on ICE rose on Thursday, approaching the prior session's 3-1/2 month high, while sugar and cocoa edged higher, bucking the broader trend in commodities. December arabica coffee settled up 1 cent, or 0.9 percent, at $1.129 per lb. Th
Published 12 Oct, 2018 12:00am
Palm oil falls, tracking global sell-off in stocks
Vegetable Oil

Palm oil falls, tracking global sell-off in stocks

Malaysian palm oil futures closed 1 percent lower on Thursday, after touching its lowest level in more than a week, tracking losses in global stocks and commodities markets. European stocks slumped to a more than 18-month low on Thursday after Wall Stree
Published 12 Oct, 2018 12:00am
Tokyo rubber plunges to two-week low

Tokyo rubber plunges to two-week low

Benchmark Tokyo rubber futures plunged to their lowest in two weeks on Thursday, tracking losses in Shanghai futures, dragged down by slumping global stock markets and weaker oil prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for March deliv
Published 12 Oct, 2018 12:00am
India's oil imports from Iran edged up in September

India's oil imports from Iran edged up in September

India's oil imports from Iran edged up in September from the previous month as refiners pushed back loading of some August cargoes due to a delay in obtaining government approval to use Iranian ships and insurance, data obtained from sources showed. Last
Published 12 Oct, 2018 12:00am
Metals bashed by equity market fall, lead hits two-year lows

Metals bashed by equity market fall, lead hits two-year lows

Industrial metals prices fell on Thursday, caught by a global stock market sell-off, with lead hitting its lowest in more than two years, but the market had mostly recovered by the close of trading. Benchmark LME lead sank to its lowest since September 20
Published 12 Oct, 2018 12:00am
China says US made spy case 'out of thin air'

China says US made spy case 'out of thin air'

Beijing on Thursday dismissed US espionage accusations against an alleged Chinese intelligence agent who was extradited from Belgium as made "out of thin air" - upping the ante in a case likely to exacerbate tensions between the global powers. The Justice
Published 12 Oct, 2018 12:00am
World's longest flight departs Singapore for New York

World's longest flight departs Singapore for New York

The world's longest commercial flight took off from Singapore on Thursday, with excited and apprehensive passengers on board settling in for a marathon 19 hours in the air to New York. A spokeswoman for Singapore Airlines told AFP that Flight SQ22 departe
Published 12 Oct, 2018 12:00am
Cyclone Titli batters eastern India, 300,000 evacuated

Cyclone Titli batters eastern India, 300,000 evacuated

A cyclone packing winds of up to 150 kilometres (95 miles) per hour and heavy rains hit eastern India early Thursday, with over 300,000 people evacuated from low-lying areas and two men reported killed. Officials in neighbouring Bangladesh said they were
Published 12 Oct, 2018 12:00am
UN envoy 'no longer acceptable' for Palestinians

UN envoy 'no longer acceptable' for Palestinians

The Palestinian leadership will no longer work with the UN peace envoy, a senior official said Thursday, accusing him of overstepping his role by seeking a deal between Israel and the Islamist movement Hamas. Ahmed Majdalani, a member of the Palestine Lib
Published 12 Oct, 2018 12:00am
Former Bosnian general charged with war crimes

Former Bosnian general charged with war crimes

Bosnian prosecutors on Thursday charged 17 people including a retired Bosnian general with war crimes against hundreds of people, mostly ethnic Serbs, during the country's 1990s conflict. Retired general Atif Dudakovic and 16 others were accused of "crime
Published 12 Oct, 2018 12:00am
Lebanon newspaper goes blank to protest political crisis

Lebanon newspaper goes blank to protest political crisis

Lebanon's oldest newspaper An-Nahar went out to newsstands completely blank on Thursday to protest a political deadlock and economic woes in the tiny Mediterranean country. Despite more than five months of wrangling, premier-designate Saad Hariri has been
Published 12 Oct, 2018 12:00am
Asia tops World Bank ranking on support for children

Asia tops World Bank ranking on support for children

Asian nations got the highest marks in a World Bank ranking launched Thursday that names and shames countries on how much they invest in their own children, saying neglect was dooming millions to sub-par lives. Singapore, South Korea and Japan took the to
Published 12 Oct, 2018 12:00am
Turkey, US press Riyadh to explain fate of missing journalist

Turkey, US press Riyadh to explain fate of missing journalist

Turkey and the United States on Thursday ratcheted up the pressure on Saudi Arabia to explain how a journalist vanished after entering its Istanbul consulate last week, with President Recep Tayyip Erdogan urging the release of CCTV footage from the missio
Published 12 Oct, 2018 12:00am
UK government brushes off Brexit threat by Northern Irish allies

UK government brushes off Brexit threat by Northern Irish allies

British Prime Minister Theresa May's government brushed off a threat Thursday by its Northern Irish allies to withdraw their support if she compromises too much on Brexit, just days before a crucial European Union summit. The Democratic Unionist Party (DU
Published 12 Oct, 2018 12:00am
Pentagon grounds global fleet of F-35s after crash

Pentagon grounds global fleet of F-35s after crash

The Pentagon on Thursday grounded the global fleet of F-35 stealth fighters to conduct engine inspections, following the first ever crash of the costliest plane in history. A Marine Corps F-35B was completely destroyed in a crash during training in South
Published 12 Oct, 2018 12:00am
Two dead in blaze floods in southern France

Two dead in blaze floods in southern France

At least two people died when several cars were swept away by flash floods triggered by heavy rain Wednesday night in southern France, authorities said. The storms were part of a weather front that moved across the Mediterranean Sea, killing at least 10 i
Published 12 Oct, 2018 12:00am
No more taxi service to Space Station after Soyuz fiasco

No more taxi service to Space Station after Soyuz fiasco

The taxi service to the orbiting International Space Station is taking no passengers until further notice. Neither the United States nor Russia will be able to send astronauts to the ISS until investigators determine why a Soyuz rocket experienced an anom
Published 12 Oct, 2018 12:00am
Khawaja helps Australia draw first Test

Khawaja helps Australia draw first Test

Opener Usman Khawaja hit a fighting hundred to foil Pakistan and help Australia escape with a draw in the first Test in Dubai on Thursday. The left-hander hit a solid 141 for his seventh Test hundred, while skipper Tim Paine (61 not out) and Travis Head (
Published 12 Oct, 2018 12:00am
Imam out of second Test with finger injury

Imam out of second Test with finger injury

Pakistan's fast-rising opener Imam-ul-Haq was Thursday ruled out of the second Test against Australia after injuring his little finger during the Dubai match. The 22-year-old left hander injured his finger while fielding in Australia's second innings on T
Published 12 Oct, 2018 12:00am
Kohli wants Dukes balls for all Tests

Kohli wants Dukes balls for all Tests

Captain Virat Kohli said India should ditch the SG ball for their home games, complaining that it scuffs up too easily and that he would prefer to see Dukes balls used for all Tests worldwide. India thrashed the West Indies by a record innings and 272 run
Published 12 Oct, 2018 12:00am
Chase says West Indies ready to 'fight back' against India

Chase says West Indies ready to 'fight back' against India

West Indies all-rounder Roston Chase said Thursday the West Indies were looking to come back fighting in the second Test against India after their crushing defeat in Rajkot. "We didn't play well in the first game but are looking to fight back in the secon
Published 12 Oct, 2018 12:00am
Sports industry gears up for virtual reality revolution

Sports industry gears up for virtual reality revolution

From training with Major League Baseball pitchers to bone-jangling racing on board an F1 car, technology's potential to revolutionise sport was the hot topic as industry leaders met in London this week. "It's going to disrupt all aspects of sport that you
Published 12 Oct, 2018 12:00am
Sticky wicket as China crash to 26 all out - again

Sticky wicket as China crash to 26 all out - again

China may have the world's biggest population and the second largest economy, but they are yet to impress in one area: the cricket field, where they have been humbled by minnows Nepal. China's latest foray on the international stage ended in a huge defeat
Published 12 Oct, 2018 12:00am
China spreads football to 10,000 kindergartens

China spreads football to 10,000 kindergartens

China is rolling out football programmes across 10,000 kindergartens in a fresh effort to popularise the beautiful game in the world's most populous country, which is still struggling to produce world-class players. The Chinese Football Association announ
Published 12 Oct, 2018 12:00am
Federer forced to battle again on way to Shanghai quarters

Federer forced to battle again on way to Shanghai quarters

Reigning champion Roger Federer was pushed all the way for the second match in a row before beating Roberto Bautista Agut to squeeze into the Shanghai Masters quarter-finals on Thursday. The top seed and 20-time Grand Slam winner emerged from another nerv
Published 12 Oct, 2018 12:00am
Referee, executive charged in Belgium football scandal

Referee, executive charged in Belgium football scandal

A top football referee and a Belgian club executive were among the first suspects charged on Thursday in a massive fraud and match-fixing scandal that has engulfed Belgium's elite league, prosecutors said. Prosecutors said more than 20 suspects were being
Published 12 Oct, 2018 12:00am
Global equity sell-off sends Britain's FTSE to April lows

Global equity sell-off sends Britain's FTSE to April lows

UK shares closed at their lowest since April as a global sell-off on equity markets caused by fears of fast-rising rates showed no sign of ending on Thursday despite data showing slower than expected US inflation. The FTSE 100 ended the day down 1.9 perce
Published 12 Oct, 2018 12:00am
Southeast Asian stocks plunge; Singapore hits over 20-month low

Southeast Asian stocks plunge; Singapore hits over 20-month low

Southeast Asian stock markets plummeted on Thursday amid a global equities rout, a day after the Wall Street recorded its worst day in eight months on mounting concerns over a rapid rise in bond yields and the likelihood of faster interest rate hikes.
Published 12 Oct, 2018 12:00am
European shares sink to 21-month lows

European shares sink to 21-month lows

European shares hit their lowest in more than 21 months on Thursday following a slide on Wall Street as jitters over rising US Treasury yields and signs of slowing global growth prompted broad selling of risky assets. All sectors in Europe fell, though te
Published 12 Oct, 2018 12:00am
Chinese stocks sink to lowest levels since 2014

Chinese stocks sink to lowest levels since 2014

Chinese stock markets plunged to their lowest levels in four years on Thursday following a global rout, with shares in around 1,000 firms falling to their daily limit of 10 percent. Shanghai fell 5.22 percent, or 142.38 points, to 2,583.46, marking the lo
Published 12 Oct, 2018 12:00am
Long-dated Treasury yields advance

Long-dated Treasury yields advance

US long-dated Treasury yields rose on Wednesday, extending a trend over the last few weeks fuelled by solid US economic data that reinforced expectations of multiple interest rate hikes over the next 12 months. Data on US producer prices, which rose in Se
Published 12 Oct, 2018 12:00am
Long-dated Treasury yields advance

Long-dated Treasury yields advance

US long-dated Treasury yields rose on Wednesday, extending a trend over the last few weeks fuelled by solid US economic data that reinforced expectations of multiple interest rate hikes over the next 12 months. Data on US producer prices, which rose in Se
Published 12 Oct, 2018 12:00am
Indian shares plunge two percent

Indian shares plunge two percent

Indian shares plunged more than 2 pct on Thursday, at their lowest closing levels since April, mirroring the markets rout across the globe amid rising trade concerns and expectation of rate hikes in the United States. The benchmark BSE index closed down 2
Published 12 Oct, 2018 12:00am
Saudi blue-chip plunge leads region lower
Currency

Saudi blue-chip plunge leads region lower

Middle Eastern stock markets fell sharply on Thursday, led by Saudi Arabia, where the index plunged 3.9 percent in its biggest drop since January 2016 as weakness in global bourses and a pull-back in oil prices alarmed investors. The Saudi index's slide i
Published 12 Oct, 2018 12:00am
Egypt's stock exchange reduces trading halt times to 10 minutes

Egypt's stock exchange reduces trading halt times to 10 minutes

Egypt's stock exchange will reduce the length of time it halts trading in a stock after a major price move to 10 minutes from 15 minutes starting on Sunday, its chairman said. Mohamed Farid, head of the stock exchange, said the purpose of the change was t
Published 12 Oct, 2018 12:00am
S&P, Dow mark biggest daily declines since February 8

S&P, Dow mark biggest daily declines since February 8

US stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since February 8, and technology stocks were at the center of the carnage as rising US Treasury yields sent investors fleeing from risky assets. US long-date
Published 12 Oct, 2018 12:00am
Nikkei drops nearly four percent

Nikkei drops nearly four percent

Tokyo's benchmark index closed down nearly four percent on Thursday, as US President Donald Trump said the Federal Reserve had "gone crazy" with plans for higher interest rates. The Nikkei 225 index plunged 3.89 percent, or 915.18 points, to end at 22,590
Published 12 Oct, 2018 12:00am
Zimbabwe stock market hits record high
Currency

Zimbabwe stock market hits record high

A shortage of foreign exchange in Zimbabwe has hit the surrogate 'bond note' currency, driven prices upwards and sent a ripple of fear through the economy but one institution has never looked so good: the stock market. Asset managers and other investors s
Published 12 Oct, 2018 12:00am
Sterling rises against dollar
Currency

Sterling rises against dollar

Sterling rose against a weaker dollar on Thursday on hopes of a Brexit deal, but concern among investors about the Ireland border issue kept gains in check. Hopes are building that a trade deal between the European Union and Britain can be struck before a
Published 12 Oct, 2018 12:00am
Sri Lankan rupee up

Sri Lankan rupee up

The Sri Lankan rupee ended slightly higher on Thursday, easing from a record low hit in the previous session, as exporters dollar sales surpassed importer demand for the greenback in dull trade, while stocks ended weaker for a third straight session to hi
Published 12 Oct, 2018 12:00am
Most Asian currencies down as global equities battered
Currency

Most Asian currencies down as global equities battered

Most Asian currencies were driven lower by a global sell-off in equities with the dollar also surprisingly losing ground, while safe-havens like the Japanese yen and US debt received support. US Treasury yields cooled overnight after Wall Street suffered
Published 12 Oct, 2018 12:00am
Aussie, kiwi struggle
Currency

Aussie, kiwi struggle

The Australian and New Zealand dollars nursed losses on the yen and euro on Thursday as a slide in global share markets sent skittish investors scampering to safe havens. That left the Aussie and kiwi strangely steady on the US dollar as investors favoure
Published 12 Oct, 2018 12:00am
Euro, sterling rise in New York
Currency

Euro, sterling rise in New York

The euro and sterling rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US bond yields hovered at multiyear peaks. The common currency's gains were limited by worries about th
Published 12 Oct, 2018 12:00am
Early trade in New York: dollar slips broadly
Currency

Early trade in New York: dollar slips broadly

The dollar fell to a near two-week low on Thursday against a basket of currencies as traders pared greenback holdings on lower US Treasury yields and further losses on Wall Street. A weaker-than-forecast rise in US consumer prices in September also reduce
Published 12 Oct, 2018 12:00am
Dollar extends losses in Europe
Currency

Dollar extends losses in Europe

The dollar extended losses and hit its lowest levels in nearly two weeks on Thursday following an overnight drop in US Treasury yields, with investors focused on monthly inflation data to gauge whether the selloff has more room to run. While concerns of a
Published 12 Oct, 2018 12:00am
Dollars weakens in Asia
Currency

Dollars weakens in Asia

The US dollar, usually seen as a safe haven in turbulent times, surprised some currency strategists on Thursday by losing ground after spooked investors drove US stocks to their worst fall in nearly eight months. The VIX, Wall Street's "fear index" measur
Published 12 Oct, 2018 12:00am
UK economy's summer surge turns out stronger than expected

UK economy's summer surge turns out stronger than expected

The British economy's summer surge turned out to be stronger than expected as hot weather spurred consumer spending, although a weak August hinted at slower growth ahead of Brexit next year, data showed on Wednesday. The economy expanded 0.7 percent durin
Published 12 Oct, 2018 12:00am
Bahrain to receive up to $2 billion, first slice of Gulf aid
Currency

Bahrain to receive up to $2 billion, first slice of Gulf aid

Bahrain will receive up to $2 billion from its Gulf neighbours before the end of the year as the first installment of an aid package, and some funds have already arrived in state coffers, officials said on Thursday. Last week, Saudi Arabia, the United Ara
Published 12 Oct, 2018 12:00am
Sierra Leone scraps project for Chinese-built airport

Sierra Leone scraps project for Chinese-built airport

Sierra Leone on Wednesday scrapped a $400-million (347-million-euro) scheme for a Chinese-built airport, saying the scheme was too costly. In a statement, the ministry of transport and aviation said that "after serious consideration and due diligence," th
Published 12 Oct, 2018 12:00am
Philippines' trade deficit stays above $3 billion

Philippines' trade deficit stays above $3 billion

The Philippines' trade deficit stayed well above $3 billion for the fifth month in a row in August as sustained purchases of capital goods to feed the government's infrastructure overhaul kept import percentage growth at double-digits, outpacing exports.
Published 12 Oct, 2018 12:00am
Big Tobacco cries foul after hard-line UN treaty

Big Tobacco cries foul after hard-line UN treaty

Big tobacco companies moved Thursday to counter the hard line taken by a global tobacco control treaty, including its decision that new "vaping" products should face the same restrictions as cigarettes. A meeting of state parties to the UN health agency's
Published 12 Oct, 2018 12:00am
US inflation slows, weekly jobless claims increase

US inflation slows, weekly jobless claims increase

US consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly. The modest price increases come despite a US labour market
Published 12 Oct, 2018 12:00am
Mnuchin plays down US market swoon as global rout rolls on

Mnuchin plays down US market swoon as global rout rolls on

Wall Street's rout is a natural correction and not caused by any particular factors, US Treasury Secretary Steven Mnuchin said Thursday, after his boss Donald Trump hung blame for the losses on US interest-rate increases. The fall in US stocks on Wednesda
Published 12 Oct, 2018 12:00am
Thailand blocks sale of French-owned power producer

Thailand blocks sale of French-owned power producer

Thailand's energy regulator said Thursday it would block PTT Group's multibillion-dollar acquisition of a company owned by French energy giant Engie on grounds that it could create a electricity monopoly in some areas. Engie signed a deal with Thai group
Published 12 Oct, 2018 12:00am
India's TCS profits up 22.6 percent

India's TCS profits up 22.6 percent

India's largest IT services firm Tata Consultancy Services (TCS) reported on Thursday a 22.6 percent rise in quarterly earnings due to the rupee's fall and growth in its banking and financial services division. The Mumbai-headquartered conglomerate said i
Published 12 Oct, 2018 12:00am
India's TCS profits up 22.6 percent

India's TCS profits up 22.6 percent

India's largest IT services firm Tata Consultancy Services (TCS) reported on Thursday a 22.6 percent rise in quarterly earnings due to the rupee's fall and growth in its banking and financial services division. The Mumbai-headquartered conglomerate said i
Published 12 Oct, 2018 12:00am
Saudi Arabia opens high-speed railway to public

Saudi Arabia opens high-speed railway to public

Saudi Arabia's new high-speed railway opened to the public on Thursday, whisking Muslim pilgrims and other travellers between Mecca and Medina, Islam's holiest cities. The Haramain High Speed Rail system will transport passengers 450 kilometres (280 miles
Published 12 Oct, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (October 11, 2018).

Published 12 Oct, 2018 12:00am
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