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Sep 23, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-12-12
Japan's Seto breaks short-course world record

Japan's Seto breaks short-course world record

Japan's Daiya Seto smashed Chad le Clos's short-course record in the men's 200m butterfly as he grabbed gold at the world championships to stun the South African on Tuesday. The 24-year-old Seto pipped his more famous rival by only 0.08sec to make a piece
Published 12 Dec, 2018 12:00am
Indian Ocean: Experts for collecting data of tuna fish stocks

Indian Ocean: Experts for collecting data of tuna fish stocks

The Indian Ocean produces nearly 20 percent of the world tuna fisheries that is one million metric tons yearly but experts on Tuesday called for the effective data collection of the species stocks. They said that the better management of tuna stocks requi
Published 12 Dec, 2018 12:00am
HFL sponsors Kinnaird Business Week 2018

HFL sponsors Kinnaird Business Week 2018

Pakistan's premier food and beverages company, Haleeb Foods Ltd sponsored this year's Kinnaird Business Week 2018 as a platinum sponsor. HFL also sponsored the winner of the inter-university competition held at KBW 2018. Like every year, KBW 2018 had a nu
Published 12 Dec, 2018 12:00am
772 get degrees at DIHE convocation

772 get degrees at DIHE convocation

Some 772 graduated were awarded degrees in disciples of business administration, pharmacy, law, social sciences and commerce here at the 11th convocation of Dadabhoy Institute of Higher Education (DIHE) held at PAF Museum on Tuesday.
Published 12 Dec, 2018 12:00am
SECP clarifies Society's audit

SECP clarifies Society's audit

The Securities and Exchange Commission of Pakistan (SECP) has clarified that the Commission has notified the list of approved auditors and 'Society' registered under Cooperative Societies Act, 1925 is required to appoint the auditor from the list, irrespe
Published 12 Dec, 2018 12:00am
ACCA calls for long-term robust economic model

ACCA calls for long-term robust economic model

Association of Chartered Certified Accountants (ACCA) Head of Pakistan Sajjeed Aslam has called for chalking out a long-term strategy to steer the country out of economic challenges and timely seizing the opportunities Pakistan is bestowed with.
Published 12 Dec, 2018 12:00am
HEC asks universities to provide data of admitted law students by 15th

HEC asks universities to provide data of admitted law students by 15th

The Higher Education Commission (HEC) has asked the universities and affiliated colleges to submit by December 15, 2018 the data of law students who have been admitted in law degree programmes without appearing in HEC-Law Admission Test (LAT) held on Augu
Published 12 Dec, 2018 12:00am
Partly Facetious: Only horses have blinkers

Partly Facetious: Only horses have blinkers

"This is amazing - all Pakistan Tehreek-e-Insaf ministers, ministers of state and advisers did a great job during the first 100 days and my question is why can't we, the Public, see it?"
Published 12 Dec, 2018 12:00am
TDCP introduces 'Agri tourism'

TDCP introduces 'Agri tourism'

As a part of promoting various aspects of tourism in Punjab, the Tourism Development Corporation of Punjab (TDCP) has introduced a new form of tourism - "Agri Tourism". To widen attractions for tourists and benefit the local communities, Punjab government
Published 12 Dec, 2018 12:00am
Senate body seeks details of CSS results

Senate body seeks details of CSS results

The Senate Standing Committee on Cabinet Secretariat Tuesday sought details of Central Superior Services (CSS) results as well as seat allocation from 2008 to date to make sure that no malpractice occurred in conducting the competitive examinations. The c
Published 12 Dec, 2018 12:00am
Pakistan won't accept 'do more mantra' anymore: Afridi

Pakistan won't accept 'do more mantra' anymore: Afridi

State Minister for Interior Shehryar Afridi has said that Pakistan will no more accept 'do more mantra' to indulge in others' war. Addressing an annual function of Mazen International School here on Tuesday, Minister of State for Interior Shehryar Afridi
Published 12 Dec, 2018 12:00am
KP PPP reacts strongly at NAB's notice to Bilawal

KP PPP reacts strongly at NAB's notice to Bilawal

The Pakistan People's Party (PPP) Khyber Pakhtunkhwa chapter has strongly reacted over sending of a notice to party chairman Bilawal Bhutto-Zardari in a National Accountability Bureau (NAB) reference. Speaking at a news conference at Peshawar Press Club o
Published 12 Dec, 2018 12:00am
Experts call for reforms in power sector, MTS

Experts call for reforms in power sector, MTS

Petroleum experts have recommended the government to bring changes in present energy mix and introduce reforms in power sector and mass transit systems (MTS) to reduce the oil import bill which reached $4.3 billion in the financial year 2018.
Published 12 Dec, 2018 12:00am
Teachers' protest at D-Chowk: Commuters continue to face hardships

Teachers' protest at D-Chowk: Commuters continue to face hardships

The commuters continue to face hardships in reaching their destinations as the protesting Basic Education Community Schools (BECS) teachers have blocked D-Chowk for the last nine days while the government has failed to come up with any solution or alterna
Published 12 Dec, 2018 12:00am
Oil and Gas Development Company Limited
Mutual Funds

Oil and Gas Development Company Limited

Oil and Gas Development Company Limited (PSX: OGDC) is the largest player in the E&P sector in the country with operations including exploration, drilling operation services, production, reservoir management, and engineering support. The E&P firm has been
Published 12 Dec, 2018 12:00am
Oil and Gas Development Company Limited
Mutual Funds

Oil and Gas Development Company Limited

Oil and Gas Development Company Limited (PSX: OGDC) is the largest player in the E&P sector in the country with operations including exploration, drilling operation services, production, reservoir management, and engineering support. The E&P firm has been
Published 12 Dec, 2018 12:00am
Universities facing financial crisis, Senate body told

Universities facing financial crisis, Senate body told

A parliamentary panel was informed on Tuesday that several universities are facing financial crunch as the government has allocated Rs 68 billion for Higher Education Commission (HEC) against the demand of Rs 85 billion.
Published 12 Dec, 2018 12:00am
'Sin tax' on tobacco industry to create complications: experts

'Sin tax' on tobacco industry to create complications: experts

The additional taxation in the name of 'Sin Tax' on tobacco industry would create serious complications for the industry at the time when companies have to pay extra Federal Excise Duty (FED) of Rs 26 billion under Finance Supplementary (Amendment) Bill,
Published 12 Dec, 2018 12:00am
'Sin tax' on tobacco industry to create complications: experts

'Sin tax' on tobacco industry to create complications: experts

The additional taxation in the name of 'Sin Tax' on tobacco industry would create serious complications for the industry at the time when companies have to pay extra Federal Excise Duty (FED) of Rs 26 billion under Finance Supplementary (Amendment) Bill,
Published 12 Dec, 2018 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold held steady near a five-month peak on Tuesday as expectations for fewer interest rate hikes by the US Federal Reserve next year supported the non-yielding precious metal. Palladium briefly traded above gold earlier in the session, with prices of the
Published 12 Dec, 2018 12:00am
US MIDDAY: soyabeans turn up

US MIDDAY: soyabeans turn up

US soyabean futures turned higher on Tuesday as traders anticipated potential Chinese purchases of US agricultural products, and shrugged off a bearish monthly global soya inventories report from the US Department of Agriculture.
Published 12 Dec, 2018 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion. Meanwhile, palladium was trading at a premium to gold, with prices of the a
Published 12 Dec, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices edged higher on Tuesday, supported by hopes that the US Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session's rally. Spot gold was up 0.3 percent at $1,247.92 per ounce, as
Published 12 Dec, 2018 12:00am
Gold lower in New York

Gold lower in New York

Gold edged lower in New York close on Monday as the dollar firmed against the pound on doubts about Britain's departure from the European Union, but falling equities and prospects of a slower pace of US interest rate hikes in 2019 kept bullion near a five
Published 12 Dec, 2018 12:00am
Coffee prices near 2-1/2 month lows, New York cocoa 4 percent down

Coffee prices near 2-1/2 month lows, New York cocoa 4 percent down

Coffee futures on ICE fell to their lowest in nearly 2-1/2 months on Tuesday as ample supplies and lacklustre buying weighed on prices, while New York cocoa futures settled 4 percent lower. March arabica coffee settled down 2.8 cents, or 2.7 percent, at $
Published 12 Dec, 2018 12:00am
Australia cuts wheat harvest forecast to 10-year low

Australia cuts wheat harvest forecast to 10-year low

Australia on Tuesday lowered its wheat production forecast by 11 percent to the smallest in a decade amid a crippling drought across the country's east coast that may cut exports from the world's fourth biggest supplier. Wheat production during the 2018/1
Published 12 Dec, 2018 12:00am
Malaysian palm oil drops
Vegetable Oil

Malaysian palm oil drops

Malaysian palm oil futures fell more than 1 percent on Tuesday evening, erasing most of the previous session's sharp gains, as falls in crude oil prices and expectations of higher inventories of the vegetable oil in December weighed on the market. The ben
Published 12 Dec, 2018 12:00am
Tokyo rubber at 1-1/2-week low

Tokyo rubber at 1-1/2-week low

Benchmark Tokyo rubber futures slipped to a 1-1/2-week low on Tuesday, weighed down by weaker oil prices and concerns over slowing car sales in top buyer China. The Tokyo Commodity Exchange (TOCOM) rubber contract for May delivery finished 0.1 yen lower a
Published 12 Dec, 2018 12:00am
Oil pares gains on threatened US government shutdown

Oil pares gains on threatened US government shutdown

Oil futures edged higher on Tuesday after paring most of their gains as stock markets turned negative on worries about a possible US government shutdown. US stock markets pulled back after President Donald Trump threatened to shut down the federal governm
Published 12 Dec, 2018 12:00am
US expected to end 2018 as world's top oil producer: EIA

US expected to end 2018 as world's top oil producer: EIA

US crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 as the world's top prod
Published 12 Dec, 2018 12:00am
US-China trade talks lift copper prices

US-China trade talks lift copper prices

Copper and most other base metals edged higher on Tuesday as investor appetite for riskier assets returned following a sell-off in the previous session. Three-month benchmark copper on the London Metal Exchange (LME) closed up 1.3 percent to $6,168 a tonn
Published 12 Dec, 2018 12:00am
Brazil's soyabean crop could reach 130 million tonnes
Currency

Brazil's soyabean crop could reach 130 million tonnes

Brazilian farmers could produce between 123 million tonnes and 130 million tonnes of soyabeans in the 2018/19 crop cycle, a historic record, Anderson Galvão, chief executive at agribusiness consultancy Céleres, said on Tuesday. Other countries in South Am
Published 12 Dec, 2018 12:00am
Armed police detain man outside British parliament

Armed police detain man outside British parliament

Armed police detained a man in the grounds of the British parliament on Tuesday, at almost exactly the same spot where a terror attack occurred last year, an AFP photographer saw. London's Metropolitan Police later confirmed that a man had been arrested a
Published 12 Dec, 2018 12:00am
Palestinian shot dead by Israeli forces

Palestinian shot dead by Israeli forces

A Palestinian was shot dead by Israeli forces near the flashpoint city of Hebron in the occupied West Bank on Tuesday during what Israeli officials said was an attack. Palestinian official news agency Wafa identified the dead man as Omar Awwad, 27, and sa
Published 12 Dec, 2018 12:00am
Pentagon conducts latest successful test of US-Japan interceptor

Pentagon conducts latest successful test of US-Japan interceptor

The US military on Tuesday successfully conducted a test of a new ballistic-missile interceptor system, which is being co-developed with Japan. The launch marks the second successful test in less than two months for the SM-3 Block IIA missile and its asso
Published 12 Dec, 2018 12:00am
Gunman kills five in Brazil cathedral, commits suicide

Gunman kills five in Brazil cathedral, commits suicide

A gunman opened fire in a cathedral in the southeastern Brazilian city of Campinas, near Sao Paulo, on Tuesday, killing five worshippers before committing suicide, police said. Paramedics told media the man fired a revolver and a .38-caliber pistol inside
Published 12 Dec, 2018 12:00am
May tours Europe in desperate bid to save Brexit deal

May tours Europe in desperate bid to save Brexit deal

Embattled British Prime Minister Theresa May met sympathy but firm refusals on a desperate tour of European capitals on Tuesday, with EU leaders ruling out any renegotiation of the Brexit deal. A day after she postponed a crucial vote on the accord in the
Published 12 Dec, 2018 12:00am
Moscow slams US 'hysterics' over planes sent to Caracas

Moscow slams US 'hysterics' over planes sent to Caracas

The Kremlin on Tuesday slammed Washington's "undiplomatic" response to its deployment of two bomber planes to Venezuela for exercises. Two Russian long-range strategic bombers landed in Venezuela on Monday for what the Venezuelan government said were air
Published 12 Dec, 2018 12:00am
Four Bloomberg employees charged

Four Bloomberg employees charged

Four Bloomberg employees were charged with fraud Tuesday in a multi-million dollar embezzlement case involving false invoices, bribes and misappropriation of funds related to interior design contracts at the financial news and services company.
Published 12 Dec, 2018 12:00am
US presses Cuba with prisoner list

US presses Cuba with prisoner list

US Secretary of State Mike Pompeo has pressed Cuba in an open letter to explain the detention of eight people who Washington says are political prisoners, saying that Havana has ignored diplomatic efforts to seek answers. In a letter released Tuesday by t
Published 12 Dec, 2018 12:00am
Google CEO spars with lawmakers on bias, privacy

Google CEO spars with lawmakers on bias, privacy

Google chief executive Sundar Pichai parried US lawmakers Tuesday over complaints of political bias and intrusive data collection as the internet giant came under heavy criticism from conservatives. "We build our products in a neutral way," Pichai said in
Published 12 Dec, 2018 12:00am
Google has 'no plans' to launch Chinese search engine

Google has 'no plans' to launch Chinese search engine

Google has "no plans" to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a US congressional panel on Tuesday amid increased scrutiny of big tech firms. Lawmakers and Google employees have rai
Published 12 Dec, 2018 12:00am
Russia fines Google

Russia fines Google

Russia on Tuesday fined US internet giant Google for failing to ban sites ruled to be extremist from appearing in search results. Critics have accused Russian authorities of using such bans to silence opponents. Russia's communications watchdog announced
Published 12 Dec, 2018 12:00am
Albanian students revolt over tuition costs

Albanian students revolt over tuition costs

Thousands of Albanian university students took to Tirana's streets on Tuesday for their biggest show of strength yet in a protest movement demanding lower tuition fees and more investment in public education. The protests, which kicked off last week, are
Published 12 Dec, 2018 12:00am
Yemen government, rebels name 15,000 prisoners for swap

Yemen government, rebels name 15,000 prisoners for swap

Yemen's government and rival rebels agreed Tuesday on a mass prisoner swap, exchanging more than 15,000 names, but warned that talks this week were unlikely to yield a truce. Nearly four years into a war that has pushed 14 million Yemenis to the brink of
Published 12 Dec, 2018 12:00am
France ships 1,400 assault rifles to Central Africa army

France ships 1,400 assault rifles to Central Africa army

France on Tuesday handed over 1,400 AK-47 assault rifles and three amphibious vehicles to the Central African Republic to shore up its beleaguered armed forces. French Defence Minister Florence Parly oversaw the handover at a ceremony at M'Polo military b
Published 12 Dec, 2018 12:00am
Fashion giants commit to climate battle

Fashion giants commit to climate battle

Dozens of top fashion industry firms have pledged at the UN climate talks to reduce their combined greenhouse gas emissions by 30 percent by 2030. "The fashion industry is always two steps ahead when it comes to defining world culture, so I am pleased to
Published 12 Dec, 2018 12:00am
Myanmar and India strengthen ties

Myanmar and India strengthen ties

India inked science and tech deals with Myanmar on Tuesday, as well as pledging to train judges and build houses in crisis-hit Rakhine state, as Delhi cosies up to the strategically important Southeast Asian country. Both China and India covet Myanmar's g
Published 12 Dec, 2018 12:00am
Dry winds to reduce Ivory Coast cocoa quality

Dry winds to reduce Ivory Coast cocoa quality

Below-average rainfall in most of Ivory Coast's cocoa growing regions last week could reduce the quality of beans harvested at the end of the October-to-March main crop, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is in its dry se
Published 12 Dec, 2018 12:00am
Trade activity rises on cotton market
Cotton

Trade activity rises on cotton market

Trade activity improved on the cotton market on Tuesday as buyers showed interest in making new deals, dealers said. The official spot rate was unchanged at Rs 8,800, they added. Prices of seed cotton in Sindh improved slightly at Rs 3000-4000, in the Pun
Published 12 Dec, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 113,946 tonnes of cargo comprising 98,319 tonnes of import cargo and 15,627 tonnes of export cargo including 6,825 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 98
Published 12 Dec, 2018 12:00am
EU wheat steady near two-week high

EU wheat steady near two-week high

Euronext wheat ended little changed on Monday in the run-up to widely followed US government data but improved export sentiment helped keep prices near an earlier two-week high. Benchmark March milling wheat on the Paris-based Euronext exchange settled 0.
Published 12 Dec, 2018 12:00am
India's October tea output falls

India's October tea output falls

India's October tea production fell 3.7 percent from year ago to 176.44 million kg as plucking dropped in top producer north-eastern Assam state, the state-run Tea Board said on Friday. Production in Assam fell 7.6 percent to 96.21 million kg in October,
Published 12 Dec, 2018 12:00am
Asian gasoline crack back to negative on ample supply

Asian gasoline crack back to negative on ample supply

Asia's gasoline crack flipped back to a discount against Brent crude on Monday as few signs of an easing supply glut over the near term and higher crude oil prices on Friday weighed on sentiment. The Singapore 92 RON gasoline crack against Brent crude sli
Published 12 Dec, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,676. The traded value of Metals, Energy and COTS/FX was recorded at 33.462 billion and the number of lots traded 39,905.
Published 12 Dec, 2018 12:00am
Chinese steel futures fall for second session

Chinese steel futures fall for second session

Chinese steel futures dropped for a second straight session on Monday, pressured by high supply that has shrunk profit margins at steel producers and curbed appetite for raw material iron ore. Crude steel output in the world's top producer is expected to
Published 12 Dec, 2018 12:00am
Sterling sinks below $1.25
Currency

Sterling sinks below $1.25

Sterling's rebound came to an abrupt halt on Tuesday after a report that colleagues of Prime Minister Theresa May believed they had sufficient numbers to mount a no-confidence vote in her leadership. The pound fell to a new 20-month low of $1.2490, down m
Published 12 Dec, 2018 12:00am
Asian forex: Indian rupee plunges
Currency

Asian forex: Indian rupee plunges

The Indian rupee plummeted on Tuesday to a one-month low, before some of loss was pared, in the wake of the surprise resignation of the country's central bank governor. The rupee fell as much as 1.6 percent to 72.463 per dollar in early trade, but by 0505
Published 12 Dec, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars bounced off the canvas on Tuesday as signs US and Chinese officials were still talking on trade helped soften the body blow of UK Brexit chaos. Sentiment improved just marginally after China's Commerce Ministry said
Published 12 Dec, 2018 12:00am
Sterling slumps, dollar rebounds in New York
Currency

Sterling slumps, dollar rebounds in New York

The pound slumped to its weakest level in 20 months against the dollar on Monday as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal, rekindling doubts about the United Kingdom's departure from the European Union in Mar
Published 12 Dec, 2018 12:00am
Pound trims losses, dollar retreats in Europe

Pound trims losses, dollar retreats in Europe

The British pound crawled off 20-month lows on Tuesday as Prime Minister Theresa May sought support from European leaders to change her Brexit deal, with investors weighing chances of a chaotic British exit from the European Union. May met Dutch Prime Min
Published 12 Dec, 2018 12:00am
Pound near 20-month low in Asia
Currency

Pound near 20-month low in Asia

The pound languished near 20-month lows against the dollar on Tuesday after British Prime Minister Theresa May postponed a crucial vote on her Brexit deal, rasing the risk of a chaotic exit from the European Union. May on Monday postponed a parliamentary
Published 12 Dec, 2018 12:00am
Badminton's Lee reveals tears over cancer diagnosis

Badminton's Lee reveals tears over cancer diagnosis

Malaysian badminton great Lee Chong Wei has revealed how he broke down in tears after learning he had nose cancer - and detailed the "nightmare" treatment that left him unable to speak or eat. Lee, who is eyeing a return to action next year, told The Star
Published 12 Dec, 2018 12:00am
Sports world must join climate change crusade, says IOC

Sports world must join climate change crusade, says IOC

The world of sports must join the effort to tame global warming, and the International Olympic Committee intends to lead the way, it said on Tuesday at UN climate talks in Katowice, Poland. At the 195-nation negotiations, the IOC and UN launched an initia
Published 12 Dec, 2018 12:00am
Pakistan squash teams for US Junior, British Junior Open

Pakistan squash teams for US Junior, British Junior Open

Pakistan Squash Federation has selected a group of junior players for participation in US Junior Championship 2018 and the British Junior Championship, 2019. A comprehensive training camp was arranged for selected players at Mushaf Squash Complex, Islamab
Published 12 Dec, 2018 12:00am
Australia look for quick fix ahead of second India Test

Australia look for quick fix ahead of second India Test

Australia skipper Tim Paine admitted there was little time to regroup after the first Test defeat to India, but said he had no doubt under-fire fast bowling spearhead Mitchell Starc would bounce back in Perth. The second Test starts on Friday with India f
Published 12 Dec, 2018 12:00am
Brilliant Hope levels series for West Indies

Brilliant Hope levels series for West Indies

Shai Hope smashed a brilliant century as West Indies edged Bangladesh by four wickets in the second one-day international to level the three-match series 1-1 in Dhaka on Tuesday. Opener Hope hit an unbeaten 146 off 144 balls, guiding West Indies to 256-6
Published 12 Dec, 2018 12:00am
Bahrain footballer to remain in detention

Bahrain footballer to remain in detention

A former Bahrain national footballer with Australian refugee status must remain in detention in Thailand as he awaits possible extradition, a Bangkok court said Tuesday, as campaigners say they fear he could be "tortured" if returned to the Gulf state. Ha
Published 12 Dec, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 11, 2018).

Published 12 Dec, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 11, 2018).
Published 12 Dec, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 11, 2018).

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

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 11, 2018).

Published 12 Dec, 2018 12:00am
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