The rupee maintained upward trend against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee picked up 10 paisas in terms of the dollar for buying at Rs 139.50 and the local currency rose by 20 paisas fo
The rupee maintained upward trend against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee picked up 10 paisas in terms of the dollar for buying at Rs 139.50 and the local currency rose by 20 paisas fo
Official spot rate was unchanged on the cotton market on Saturday in the process of dull business, dealers said. The official spot rate was at Rs 8,700, they added. Prices of seed cotton in Sindh were at Rs 3000-4000, in the Punjab seed cotton prices at R
Chicago Board of Trade (CBOT) soyabean futures dropped to a three-week low on Thursday as improving crop weather in South America boosted production prospects, overshadowing more Chinese purchases of US soya, traders said. CBOT January soyabeans settled 6
Ukrainian grain exports have reached 21.09 million tonnes so far in the 2018/2019 season, compared with 19.25 million by the same point in the previous season, the agriculture ministry said on Wednesday. Ukraine has said it harvested a record 70.1 million
Chicago Board of Trade (CBOT) wheat futures ended firm on Thursday, lifted by technical buying and short covering after sinking more than 2 percent over the previous two sessions, traders said. A weakening US dollar, which makes US wheat cheaper to those
Egypt's state grain buyer, the General Authority for Supply Commodities, said it bought 120,000 tonnes of wheat in an international purchasing tender on Thursday. The purchase comprised 60,000 tonnes of Ukrainian wheat and 60,000 tonnes of Romanian wheat,
Gasoline refining margins fell on Thursday following a sharp rise in gasoline stocks in the region. ARA gasoline stocks rose by 12 percent in the week to Thursday, data from Dutch consultancy PJK International showed.
A long-awaited link between the stock exchanges of Shanghai and London got close to the launch pad last week, but there was no blast-off. After over three years of talks, everything appeared set for a Dec. 14 launch, with a ceremony in the British capital
Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings. Brexit worries have also made the UK stocks more unpopular than a long-running Reut
Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings. Brexit worries have also made the UK stocks more unpopular than a long-running Reut
Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services.
Foreigners were net sellers of Japanese stocks for the second consecutive week that ended on Dec. 14, on concerns over slowing global growth and lingering Sino-US trade tensions. Overseas investors sold a net 610.3 billion yen ($5.46 billion) worth of Jap
US funds still tended towards cash and bonds in December, according to a Reuters poll of fund managers, who recommended increasing North American debt to the highest level since mid-2017. The recommendations for global equity allocations in a model portfo
US funds still tended towards cash and bonds in December, according to a Reuters poll of fund managers, who recommended increasing North American debt to the highest level since mid-2017. The recommendations for global equity allocations in a model portfo
The Kenyan, Tanzanian and Zambian currencies are likely to strengthen in the coming week while Uganda's shilling is expected to post moderate losses. NAIROBI - The Kenyan shilling is expected to strengthen against the US dollar due to tight liquidity and
The Canadian dollar fell to a 19-month low against its broadly stronger US counterpart on Friday, as declines for stocks and the price of oil offset data showing stronger-than-expected growth in the domestic economy. At 4:00 p.m. (2100 GMT), the Canadian
China's yuan will breach the 7 per dollar rate within the next six months, according to about 60 percent of FX strategists polled by Reuters, who also said authorities would continue to exert control over the currency in 2019. Having weakened over 5 perce
Bitcoin rallied more than 9 percent on Thursday, hitting $4,000 for the first time in more than two weeks after losing half its value in six weeks to mid-December. The world's most valuable cryptocurrency has been hit hard this year, falling around 80 per
Speculators' net long bets on the US dollar rose in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $29.72 billion in the week ended Dec.
The dollar gained on Friday as investors sought the currency's safety amid persistent equity market volatility and a possible US government shutdown. The dollar had fallen two straight days after the US Federal Reserve on Wednesday flagged fewer interest
Mining giant Anglo American restarted an iron ore mine in Brazil that had been closed for eight months to replace and inspect a leaking pipeline, the company said. The stoppage of the big Minas-Rio mine in Minas Gerais state since March cost the London- a
Siemens boss Joe Kaeser on Friday lashed out at the practices used by Chinese investors to exercise total control over foreign firms, as disquiet grows about China's appetite for German technology and know-how. The recent ousting of robotics maker Kuka's
Thousands of Hungarians marched to the presidential palace late on Friday to protest against reforms to the labour code as a rally led by spoof political party MKKP merged with a subsequent demonstration staged by opposition groups. Passage of two laws la
Newly formed Yemeni airline Queen Bilqis Airways launched regular commercial flights on Saturday from the southern government-held port city of Aden to the Jordanian capital Amman, airport officials said. Kjeld Binger, chief executive of Airport Internati
China's carbon industry will face severe overcapacity from the second-half of 2020, after producers rushed to expand capacity amid fat profit-margins, an official from the China Carbon Industry Association (CCIA) said on Saturday. Carbon products are wide
Cuba's government admitted on Friday that it won't be able to pay all its debt commitments in 2019, blaming Hurricane Irma and United States sanctions for its woes. "In 2019, we'll have less credit than the amount of debt we're planning to pay," said fina
Thousands of protesters on Saturday took to the streets in Istanbul to demonstrate against the rising cost of living and crippling inflation in Turkey. Surrounded by a heavy police presence, the protesters held banners with references to the "yellow vest"
Spain on Saturday authorised a ship carrying hundreds of migrants rescued off Libya to sail to its waters after Italy and Malta refused to receive them. The Spanish coastguard "due to the refusal or lack of response from the nearest ports, has authorised
A Philippine congressman was gunned down at a Christmas celebration Saturday, police said, the latest violence in a country notorious for deadly political rivalries.
At least 13 people were killed and 17 wounded in a car bomb attack claimed by al Qaeda-linked group al Shabaab close to the president's residence in the Somali capital Mogadishu, police said on Saturday. A second explosion followed nearby. Al Shabaab, in
Elon Musk's SpaceX scrapped Saturday's launch of a long-delayed navigation satellite for the US military due to strong upper level winds. The next launch attempt will be on Sunday at 8:51 a.m. EST/ 13:51 UTC, according to Space X officials.
Two middle-aged people were being held Saturday over the suspected "criminal use of drones" at London's Gatwick Airport, where flights were returning to normal after three days of pre-Christmas disruption affecting 140,000 passengers. Police swooped on a
Brett McGurk, the special US envoy to the coalition fighting the Islamic State group, has resigned, a State Department official said Saturday. His resignation, effective December 31, comes just after Donald Trump abruptly ordered the withdrawal of US troo
A senior Kurdish official on Saturday urged the United States to stop Turkey launching an offensive against Kurdish areas in northern Syria, after Washington announced the withdrawal of American troops. The US has for years supported the Kurdish-led Syria
Thailand's sugar production in the 2018/19 season is seen falling 7.5 percent to 13.5 million tonnes from the previous season's record-high level, the country's cane and sugar body told Reuters on Wednesday. Thailand, the world's second-largest sugar expo
Weak yield from Nigeria's cocoa main crop harvest led to a drop in country's overall output for the 2017/18 season with heavy rains in some regions and aging trees partly to blame, an industry body told Reuters. Total output for the season is expected to
Global production of coffee will exceed demand by 10.9 million 60-kg bags in 2018/19, the US Department of Agriculture (USDA) said on Friday in its second forecast for the crop year, as Brazilian and Vietnamese output reach record highs.
Brazilian agricultural commodities exports are forecast to rise to as much as $102 billion this year, driven by a growing world urban population and resilient demand from China, which is embroiled in a trade spat with the United States. The country's agri
Rainstorms are sweeping Argentina's soya belt, building soil moisture needed to guarantee good yields when crops blossom in February and providing some cushion for China to buy should its trade war with the United States continue to limit US supplies.
The US-China trade war is spooking potential investors in soyabean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that had been a rare bright spot in the US farm economy.
Manchester City slumped to a second defeat in three Premier League games to hand Liverpool an early Christmas present in the title race as Crystal Palace shocked the Etihad with a 3-2 win on Saturday. Chelsea were also stunned at home by Jamie Vardy's win
Disgraced Australian player Cameron Bancroft Saturday said he was a vastly different person to the one caught ball-tampering and revealed he considered walking away from cricket to become a yoga teacher. The opener received a nine-month ban from the inter
A team from US Consulate including US Consulate Counsel General Colleen Crenwelge, Public Affairs Officer Michael Guinan and ARSO Cairo Moorman called on the Chairman PCB Ehsan Mani and discussed different matters pertaining to cricket. After meeting the
Real Madrid eased to a third straight Club World Cup title as Luka Modric and Sergio Ramos scored in a 4-1 final victory over home team Al Ain in Abu Dhabi on Saturday. The European champions have struggled at times this season but had little trouble in b
Atletico Madrid moved level on points with La Liga leaders Barcelona after Antoine Griezmann's second-half penalty was enough to see off Espanyol 1-0 on Saturday. Griezmann smashed home from the spot 10 minutes after the break to give Diego Simeone's side
Keemo Paul grabbed a record 5-15 and Evin Lewis smashed 89 off 36 balls as the West Indies beat Bangladesh by 50 runs in the third and final Twenty20 in Dhaka on Saturday to win the series 2-1. Lewis guided West Indies to 190 in 19.2 overs despite a late
Punjab Food Authority (PFA) on Saturday issued results of sampling carried out of ice creams and frozen desserts belonging to 156 different brands out of which 47 samples failed to come up to the standards. Products which could not meet the definition of
During the third session of Governing Council of Asia and Pacific Centre for Development of Disaster Information Management (APDIM), Lt-Gen Omar Mahmood Hayat, the chairman National Disaster Management Authority (NDMA) was elected as vice chair of the cou
Nestlé Pakistan, in collaboration with Benazir Income Support Program (BISP), organized a visit of leading women parliamentarians to its Rural Sales Program in Pindi Bhattian. These included: Kanwal Shauzab, MNA and Parliamentary Secretary, Ministry of Pl
The district administration has launched action to curb sale of fake and substandard medicines in Bajaur tribal district. An official of the administration told reporters on Saturday that the action has been launched following public complaints about grow
Vice President of the Lahore Chamber of Commerce & Industry Faheem-ur-Rehman Saigal has said that Pakistan could have earned substantial amount of foreign exchange through exports of seafood items that stayed at $451.026 million during the fiscal year 201
The Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan on Saturday stressed the need to introduce petroleum and chemical engineering programmes in technical education institutions. Speaking at a prize distribution ceremony at Governme
Punjab Governor Chaudhry Muhammad Sarwar has said that Pakistan will be the part of developed countries under Prime Minister Imran Khan's leadership. He said the country is fast coming out of a crisis like situation with the financial help of friendly cou
The Karachi Cotton Association (KCA) has welcomed the directives issued by the Prime Minister of Pakistan to the Ministry of National Food Security and Research to take measures to achieve the production target of 15.00 million bales of cotton and set-up
Corporate Social Responsibility (CSR) and Corporate Social Investment (CSI) Activist on Thalassemia Eradication from Pakistan, Ateeq Ur Rehman has urged the Chief Minster Sindh Murad Ali Shah and Health Minister, Dr Azra Fazal Pechuho to include registrat
Punjab Health Minister Dr Yasmin Rashid has said that dream of establishing mother and child hospitals is about to come true, as PC-I of the project is being prepared. "Although the Punjab government would provide sources for the scheme, however, any coop
"This is the right time to strengthen cooperation between Pakistan and Maldives as new governments have recently assumed charge in both countries", said leader of delegation and Member of Maldivian Parliament Abdul Bari Abdulla. Speaking at a meeting of K
The NED University of Engineering & Technology has actively started working on a plan to make its campus a carbon-neutral zone by the year 2021 when the university will be commemorating the centennial year of its foundation. A carbon-neutral environment m
The Islamabad High Court (IHC) on Saturday dismissed the bail plea filed by known anchorperson Dr. Shahid Masood who is imprisoned at Adiala Jail over charge of committing corruption as Pakistan Television Corporation (PTV) managing director. Islamabad Hi
Governor Sindh Imran Ismail Saturday inaugurated shelter home (Panah Gah) near Trauma Centre, Civil Hospital Karachi. The temporary setup has been made for the women and children accompanying with their patients especially from the far-flung areas of the
A worst traffic mess was observed on many important thoroughfares of Lahore after hundred of affected, including women and children of Eden Housing Society(EHS) held a protest demonstration outside the Zaman Park residence of Prime Minister Imran Khan on
The National Accountability Bureau (NAB) team produced Khawaja Saad Rafique and Salman Rafique before Accountability Court in Lahore Saturday. The NAB, upon end of previous remand, requested the court to grant 15-day extension in physical remand of Khawaj
First online kiosk machine of the Excise and Taxation Department Faisalabad has been installed at Faisalabad Chamber of Commerce & Industry (FCCI). It will facilitate the business community to get challan forms instantly for the payment of property tax in
To extend gratitude to the Pakistani government on its decision to open Kartarpur corridor, the Sikh community organised a special ceremony in Southall, London. According to details, the Sikh community termed the decision of Prime Minister Imran Khan to o
Stressing upon the need of indiscriminate accountability, disgruntled Pakistan Muslim League-Nawaz (PML-N) leader Chaudhry Nisar Ali Khan on Saturday said that credibility of accountability could only be restored by across-the-board accountability in the
Punjab Chief Minister Usman Buzdar on Saturday asserted that a new province will be the first priority of PTI government. Speaking at the special ceremony regarding the first 100 days of Punjab Government in Lahore, he announced that South Punjab secretar
A one-day workshop on Advances in Cleaner Production for leather sector and introduction of Best Available Techniques and practices was held at the Pakistan Gloves Manufacturers and Exporters Association here. Four key initiatives like awareness promotion
Farmers should step up measures to protect crops and nurseries from extreme weather, as fog is expected to grow across the central parts of the country, the Met Office alerted. It termed dry weather as primary reason behind scaled up fog in the central pa
Prices of essential kitchen items have witnessed a mixed trend during this week as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that during the week under review, eggs, chicken,
The Excise and Taxation department failed to start issuing smart cards despite piling up of 10,000 demands in last three days. It may be noted that Chief Minister Punjab Usman Buzdar had inaugurated the system of smart cards four days ago. Not a single sm
Punjab Minister for Health Dr Yasmin Rashid has said that Punjab government introducing various reforms to provide the best working environment to the doctors for ensuring prompt and effective service delivery in healthcare.
Adamjee Insurance and Ghandhara Industries inked the MOU on Saturday on Isuzu Insurance Programme. The ceremony was held at Karachi Head office of Adamjee Insurance. Tameez-Ul-Haque - Company Secretary, Adamjee Insurance and Imran Rashied - General Manage
Directorate General Customs Valuation (DGCV) has revised the customs values of mini-trucks/pickup and cargo truck with full/dump body under section 25 (9) of the Customs Act, 1969. According to details, the customs values of mini-trucks/pickup and cargo t
Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the JI would launch a movement for the restoration of the Bahawalpur province and for a Southern Punjab province in order to overcome the backwardness of the area.
Syed Qaim Ali Shah, former chief minister Sindh, has approached Sindh High Court to seek pre-arrest bail after National Accountability Bureau (NAB) served him a call-up notice in connection with violation of rules in allotment of Malir River land. On beha
Minister for Information and Broadcasting Fawad Chaudhry on Saturday took a dig at the incarceration of Leader of the Opposition Shahbaz Sharif in his residence in the Ministers' Enclave in Islamabad. Responding to one of his followers on Twitter, who sla
Islamabad Police have devised a foolproof security strategy for Christmas in the federal capital, under which over 1,000 security personnel including lady police will perform their duties in different parts of the city.
Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that if the PTI government could not solve people's problems, it should admit its failure. While addressing a press conference at Darul-Salam, he said that the masses had not voted for the PTI to unl
Vice Chancellor University of Karachi Prof Dr Ajmal Khan formally requested the Governor Sindh to ensure immediate release of Rs9 billion for the construction of KU hospital, medical and dental college that was promised by former prime minister under Kara
Polling on 139 vacant seats of local government in 22 districts of Khyber Pakhtunkhwa will be held today (Sunday). According to Provincial Election Commission, polling will start at 08:00 in the morning and will continue till 04:00 pm without any break. 1
A man on Saturday climbed to the top of a mobile tower located in the heart of capital city with a national flag and demanded to handpick him as prime minister of the country. Police said that the man belonging to Sargodha climbed up a cell phone tower in
The vice-chairman Pakistan Bar Council (PBS) Kamran Murtaza and its executive committee chairman Shabir Seher have strongly condemned death of Prof Mian Javaid Ahmed, former head of Lahore Campus of the University of Sargodha while in NAB custody.