Gold rose to its highest level in 2-1/2 months on Monday as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. Spot gold gai
US soyabean futures neared a two-month high on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of US soya cargoes headed to China, analysts said. Corn and wheat followed the firm trend. As of
Gold rose to its highest in 2-1/2 months on Monday as a slide global stock markets, exacerbated by mounting tensions between western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. Spot gold was 0.8 perc
Gold prices jumped nearly 1 percent on Monday to hit a near 12-week high as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-US trade war and higher US interest rates. Spot gold was up 0.9 percent at $1,228.24 an
Raw sugar futures on ICE climbed on Monday to a seven-month peak while arabica coffee rose to its highest since June, with both markets buoyed by a stronger currency in top-grower Brazil.
A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring f
Malaysian palm oil futures fell from a one-week high to close lower on Monday, as export data showing weaker shipments. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit
Benchmark Tokyo rubber futures stayed flat on Monday as high inventories pressured prices, while high production costs curbed the fall. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, edged up amid rise in
Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook.
Oil production from seven major shale basins is expected to rise by 98,000 barrels per day (bpd) in November to 7.71 million bpd, the US Energy Information Administration (EIA) said in a monthly report on Monday. The largest change is forecast in the Perm
Lead jumped to its highest in six weeks on Monday, helped by a weaker dollar and falling inventories, but U.S-China trade tensions kept pressure on most metals.
China's coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply.
Yemeni President Abedrabbo Mansour Hadi on Monday fired Prime Minister Ahmed bin Dagher and ordered him to be investigated in connection to the country's economic woes, the official Saba news agency reported.
Yemeni President Abedrabbo Mansour Hadi on Monday fired Prime Minister Ahmed bin Dagher and ordered him to be investigated in connection to the country's economic woes, the official Saba news agency reported.
The dollar again started showing its muscles against the rupee on the money market on Monday in process of trading activity, dealers said. Dearth of dollars created short supply on the week opening day and caused decline in the value of the rupee during t
The Election Commission of Pakistan (ECP) announced on Monday that it will include voters of overseas Pakistanis in the final vote count for the by-electioons held on 35 constituencies. The ECP decided to make the overseas votes part of the final count af
The dollar again started showing its muscles against the rupee on the money market on Monday in process of trading activity, dealers said. Dearth of dollars created short supply on the week opening day and caused decline in the value of the rupee during t
The Election Commission of Pakistan (ECP) announced on Monday that it will include voters of overseas Pakistanis in the final vote count for the by-electioons held on 35 constituencies. The ECP decided to make the overseas votes part of the final count af
Finance Minister Asad Umar has directed Petroleum Division to explore a mechanism for revisiting Rate of Equity (RoE) and Rate of Investment (RoI) of both LNG terminals established during the PML (N) government and take action against officials who withhe
Finance Minister Asad Umar has directed Petroleum Division to explore a mechanism for revisiting Rate of Equity (RoE) and Rate of Investment (RoI) of both LNG terminals established during the PML (N) government and take action against officials who withhe
Finance Minister Asad Umar has directed Petroleum Division to explore a mechanism for revisiting Rate of Equity (RoE) and Rate of Investment (RoI) of both LNG terminals established during the PML (N) government and take action against officials who withhe
The Economic Coordination Committee (ECC) which is scheduled to meet on Tuesday will likely to increase the ratio of system gas and imported RLNG to five zero rated industry by 50:50 percent for two months at the expense of domestic consumers.
The Economic Coordination Committee (ECC) which is scheduled to meet on Tuesday will likely to increase the ratio of system gas and imported RLNG to five zero rated industry by 50:50 percent for two months at the expense of domestic consumers.
The Economic Coordination Committee (ECC) which is scheduled to meet on Tuesday will likely to increase the ratio of system gas and imported RLNG to five zero rated industry by 50:50 percent for two months at the expense of domestic consumers.
US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
European Union (EU) is to despatch its Mission to Islamabad from October 22-29 to monitor implementation of Generalized System of Presences plus (GSP plus) conditions, due to which Pakistan's exports to 28 countries bloc increased by 47 per cent since 201
European Union (EU) is to despatch its Mission to Islamabad from October 22-29 to monitor implementation of Generalized System of Presences plus (GSP plus) conditions, due to which Pakistan's exports to 28 countries bloc increased by 47 per cent since 201
European Union (EU) is to despatch its Mission to Islamabad from October 22-29 to monitor implementation of Generalized System of Presences plus (GSP plus) conditions, due to which Pakistan''s exports to 28 countries bloc increased by 47 per cent since 20
International Monetary Fund's (IMF's) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time,
International Monetary Fund's (IMF's) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time,
International Monetary Fund''s (IMF''s) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time
Faysal Bank Limited (FBL), one of the leading banks in Pakistan recently signed a memorandum of understanding with Indus Motor Company Ltd. Both Indus Motor Company and Faysal Bank will support each other to promote sales and market their offerings to cus
Muhammad Hassan Bakshi chairman Association of Builders and Developers of Pakistan (ABAD) on Monday urged the Prime Minister Imran Khan to appoint chairman for his Task Force of Naya Pakistan Housing Scheme from private sector.
Despite defeat on two National Assembly seats vacated by Prime Minister Imran Khan, the dynamics of ruling Pakistan Tehreek-e-Insaaf's (PTI) numerical strength in National Assembly will not change as the party still leads with 155 seats.
Federal Minister for Planning, Development & Reform, Makhdoom Khusro Bakhtiar has congratulated Fawaz Ahmed on winning the Punjab provincial assembly seat from Rahim Yar Khan in recently held by-polls with a huge margin. The minister expressed gratitude t
The Council of Common Interests (CCI) has directed Minister for Power to include Secretary Power and Energy Advisor to Chief Minister KP in the committee constituted to draft the recommendations for implementation of Kazi Committee Methodology for calcula
Over 65 vice chancellors from all over the country on Monday condemned the maltreatment and public humiliation of professors and teachers by National Accountability Bureau (NAB), besides urging the government to ensure autonomy of universities by stopping
Islamabad Police arrested absconding Mansha Bomb on Monday from the premises of Supreme Court. Mansha and his sons are accused of land grabbing in Lahore's Johar Town. Mansha was arrested by Secretariat police station and will be handed over to Punjab Pol
Sindh Chief Minister Syed Murad Ali Shah expanded his cabinet on Monday by inducting four more ministers. Now the number of the provincial cabinet members has reached to 16 plus two advisors. Sindh Governor Imran Ismail administered oath to the new minist
The federal government has appointed a retired secretary Haseeb Athar as chairman Federal Public Service Commission. Athar has been appointed for a period of two years. In another development, another grade-21 officer of Administrative Group Muhammad Ajma
Terming the outcome of October 14 by-election a message for future, former Prime Minister Nawaz Sharif Monday said that election results like this came for the first time in the country's history during the initial 50 to 60 days of a government.
The Pakistan Tehreek-e-Insaf(PTI)-led government of Khyber Pakhtunkhwa on Monday unveiled a budget of Rs 648 billion for Financial Year 2018-19, with surplus amount of Rs 30 billion and development outlay of Rs 180 billion.
"Foreigners visiting Karachi are finding it peaceful, safe, and vibrant. This has instilled confidence in them and has resulted in large numbers of foreign visitors attending events, conferences, and exhibitions. I assure not only foreigners but also peop
The Justice Project Pakistan (JPP), a non-government organisation working for legal advocacy for the poorest Pakistani prisoners, has found that Pakistan has sentenced 4,500 people to death and executed almost 821 persons at the rate of almost two inmates
Punjab Health Minister Prof Dr Yasmin Rashid has said that Pakistan likely to become a measles-free country by 2020. She said this while addressing inaugural ceremony of measles eradication drive at Children Hospital on Monday. Advisor to CM Punjab on Hea
A 30-member business delegation of Germany will visit Karachi from 22-23 October 2018 to see business opportunities and hold meeting with Pakistani business community. President of German Pakistan Chamber of Commerce & Industry (GPCCI), Qazi Sajid Ali sai
Sui Southern Gas Company's (SSGC's) Counter Gas Theft Operations (CGTO) team continued to show zero tolerance to the customers involved in illegal use of gas. As part of Operation Grift, the team conducted several raids in Dadu in Sindh and Quetta, Baloch
Sindh High Court (SHC) has ordered Inspector Generals of Police and Prison to introduce a mechanism for verification of identity of criminals for speedy disposal of legal cases.
The Federal Minister for Maritime Affairs, Syed Hyder Ali Zaidi visited the Pakistan International Bulk Terminal (PIBT). The minister was accompanied by the Chairman Port Qasim Authority, Asad Rafi Chandna, the Karachi Port Trust (KPT) Chairman Rear Admir
The SECP held a full-day workshop on anti-money laundering/countering financing of terrorism (AML/CFT) in Lahore on Monday on the theme of "Implementation of risk-based approach within financial institutions."
Karachi Metropolitan Corporation (KMC) on Monday launched 13-day anti-measles campaigns in the city to protect children from the contagious disease. Mayor Karachi Waseem Akhtar and Metropolitan Corporation Dr Syed Saifur Rehman have asked the parents to b
Senate of Pakistan, in its quest for promoting parliamentary diplomacy, has achieved another milestone as Senator Farooq H Naek has been unanimously nominated Member of the Inter-Parliamentary Union (IPU) Committee on United Nations (UN) Affairs.
Owing to over 38 percent estimated shortage of water for sowing, growing and maturing strategic six monthly Rabi crops the Punjab Irrigation department closed all its non-perennial canals across the province from October 15 to conserve available water for
Customs Health Care Society (HCS) has dug as many as 650 water wells to provide potable water to the drought stricken people of Thar Desert, said Dr Asif Mehmood Jah (Sitara-e-Imtiaz) patron in chief of the Customs Health Care Society and Collector Faisal
Ministry of Inter-Provincial Coordination Monday failed to reply the questions asked by the members of the Senate Standing Committee on Inter-Provincial Coordination. The committee met here with Senator Sardar Muhammad Yaqoob Khan Nasar in the chair at th
Water management wing of the Punjab Agriculture Department will carry out the lining project of watercourses in the province as according to experts it can save 45 percent of the water losses. According to a departmental spokesman, lining of water channel