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Nov 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-01-25
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 24, 2019).

Published 25 Jan, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 24, 2019).
Published 25 Jan, 2019 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (January 24, 2019).

Published 25 Jan, 2019 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 24, 2019).

Published 25 Jan, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 25 Jan, 2019 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Jan, 2019 12:00am
SFPR for adopting effective foreign policy on modern lines

SFPR for adopting effective foreign policy on modern lines

A think tank of the Senate condemning the Indian state terrorism in Indian Occupied Kashmir (IoK) on Thursday urged the government to adopt an effective foreign policy on modern lines. A meeting of the Senate Forum for Policy Research (SFPR), which was he
Published 25 Jan, 2019 12:00am
Adab Festival Pakistan to be held from February 1 to 3

Adab Festival Pakistan to be held from February 1 to 3

"The Adab Festival Pakistan has now been registered as a society under the Societies Act, XXI of 1860 and would be held from Feb 1 to 3, 2019 at the Sindh Governor House." This was stated by Ameena Saiyid, Founder and Director Adab Festival Pakistan, at a
Published 25 Jan, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jan, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jan, 2019 12:00am
Deutsche Bank declares profit rates

Deutsche Bank declares profit rates

Deutsche Bank AG has declared the following rates of profit on PLS deposits for the period of six months ended 31st December 2018.

Published 25 Jan, 2019 12:00am
Petchems hurt Saudi, Dubai weighed down by property stocks

Petchems hurt Saudi, Dubai weighed down by property stocks

The Saudi stock market dropped on Thursday as weak oil prices pressured its petrochemical firms, while weakness in property stocks such as DAMAC Properties weighed on Dubai stocks. International Brent crude oil futures were at $60.88 a barrel, down 0.4 pe
Published 25 Jan, 2019 12:00am
Wall Street hit again by growth worries; blue-chip earnings prop up Dow

Wall Street hit again by growth worries; blue-chip earnings prop up Dow

The S&P 500 and the Nasdaq dropped on Wednesday as US stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips. The United States could end up
Published 25 Jan, 2019 12:00am
Australia shares close higher on energy; NZ nearly flat

Australia shares close higher on energy; NZ nearly flat

Australian shares ended higher on Thursday, led by energy stocks after Santos posted strong annual production and gave stellar 2019 guidance, though gains were capped by worries about weakening global economic growth. The S&P/ASX 200 index closed up 0.4 p
Published 25 Jan, 2019 12:00am
Indian shares rise on Yes Bank surge

Indian shares rise on Yes Bank surge

Indian shares closed slightly higher on Thursday, helped by gains in Yes Bank Ltd after the lender said it got the central bank's approval to name Ravneet Singh Gill as its new chief executive officer. Shares of Yes Bank jumped 19.14 percent to their high
Published 25 Jan, 2019 12:00am
Trade, growth worries drag US bond yields lower

Trade, growth worries drag US bond yields lower

Treasury yields fell on Thursday, with the 10-year's yield hitting a one-week low, as anxiety about slowing global growth and trade tensions between China and the United States renewed safe-haven demand for US government debt. Investor worries rose after
Published 25 Jan, 2019 12:00am
Trade, growth worries drag US bond yields lower

Trade, growth worries drag US bond yields lower

Treasury yields fell on Thursday, with the 10-year's yield hitting a one-week low, as anxiety about slowing global growth and trade tensions between China and the United States renewed safe-haven demand for US government debt. Investor worries rose after
Published 25 Jan, 2019 12:00am
China shares rise on support from financials; yuan firmer

China shares rise on support from financials; yuan firmer

China's main stock indexes ended higher on Thursday as solid profit growth at China Merchants Bank lifted financial shares, but continued uncertainty over trade and the economy capped gains. At the close, the Shanghai Composite index was up 0.41 percent a
Published 25 Jan, 2019 12:00am
Nikkei ends flat, but chip-related firms bolster market

Nikkei ends flat, but chip-related firms bolster market

Japan's Nikkei ended almost flat on Thursday weighed down by a fall in index heavyweight Fast Retailing, but strong earnings from Texas Instruments boosted chip-related shares, supporting the broader market. The Nikkei share average dipped 0.09 percent to
Published 25 Jan, 2019 12:00am
STMicro results trigger tech boost for European stocks

STMicro results trigger tech boost for European stocks

European shares climbed on Thursday as better-than-expected results from chipmaker STMicro delivered a boost to the tech sector, shaking the market out of a subdued mood caused by slowing global growth. The pan-European STOXX 600 gained 0.4 percent by 093
Published 25 Jan, 2019 12:00am
Vodafone, oil stocks drag FTSE 100 lower for third session

Vodafone, oil stocks drag FTSE 100 lower for third session

Britain's top share index was lower on Thursday, underperforming its European peers, as weaker crude prices dragged oil majors lower and telecom Vodafone and pest control company Rentokil were hurt by weak sector earnings. The FTSE 100 was 0.1 percent low
Published 25 Jan, 2019 12:00am
Airbus warns no-deal Brexit could spark 'harmful decisions' for UK

Airbus warns no-deal Brexit could spark 'harmful decisions' for UK

Airbus chief Tom Enders on Thursday warned the European aerospace giant could make "very harmful decisions" for Britain if it leaves the European Union without a deal, while Ford said it could cost them $800 million. Enders branded the government's handli
Published 25 Jan, 2019 12:00am
Egypt's economy seen growing 5.3 percent in year ending in June
Currency

Egypt's economy seen growing 5.3 percent in year ending in June

Egypt's economy is expected to grow 5.3 percent in the fiscal year that ends in June, according to forecasts economists polled by Reuters, the same view found in a survey three months ago. The economy, with the exception of the oil sector, has struggled t
Published 25 Jan, 2019 12:00am
Euro zone business growth dries up in January as new orders shrivel

Euro zone business growth dries up in January as new orders shrivel

Business growth in the euro zone all but stalled at the start of 2019 as consumer uncertainty, trade tensions and political woes meant incoming new work fell for the first time in over four years, a survey found. The slowdown has spread across both the se
Published 25 Jan, 2019 12:00am
Service firms carry German economy in January as factories stumble

Service firms carry German economy in January as factories stumble

Growth in Germany's services sector accelerated more than expected in January, a survey showed on Thursday, compensating for the first contraction in manufacturing activity in more than four years. The diverging trends in the sectors that together account
Published 25 Jan, 2019 12:00am
US congressional panel probing Trump-Deutsche Bank ties

US congressional panel probing Trump-Deutsche Bank ties

A pair of US congressional committees now under Democratic control have begun probing Deutsche Bank's business dealings with President Donald Trump, a spokesperson for the German bank said Thursday. The inquiry is a joint effort between House Intelligence
Published 25 Jan, 2019 12:00am
Goodbye to Ghosn as Renault appoints new chiefs

Goodbye to Ghosn as Renault appoints new chiefs

French carmaker Renault named two experienced auto executives to replace arrested boss Carlos Ghosn on Thursday, signalling the start of a new era for the manufacturer and its vital but strained alliance with Nissan and Mitsubishi. Thierry Bollore, who ha
Published 25 Jan, 2019 12:00am
KP Police team clinches first Peshawar League Hockey title

KP Police team clinches first Peshawar League Hockey title

Khyber Pakhtunkhwa Police team clinched the trophy of the first Peshawar Hockey League played at Abdal Ismail Shaheed Hockey ground here. Member Provincial Assembly Malik Wajid was the chief guest on this occasion who witnessed the thrilling final played
Published 25 Jan, 2019 12:00am
Chelsea sign Higuain on loan until end of the season

Chelsea sign Higuain on loan until end of the season

Chelsea signed Argentina striker Gonzalo Higuain on loan from Juventus until the end of the season on Wednesday as boss Maurizio Sarri looks to ignite his spluttering attack. Higuain will be reunited with Sarri, who managed the 31-year-old at Napoli and m
Published 25 Jan, 2019 12:00am
Australia's pace attack rattles Sri Lanka in Brisbane

Australia's pace attack rattles Sri Lanka in Brisbane

Australia's pace bowlers claimed five wickets in the second session to reduce Sri Lanka to 122 for eight at dinner on day one of the series opening day-night test at the Gabba on Thursday. Niroshan Dickwella was 42 not out with Dushmantha Chameera yet to
Published 25 Jan, 2019 12:00am
Anderson equals Botham record with 27th five-wicket haul

Anderson equals Botham record with 27th five-wicket haul

James Anderson completed the 27th five-wicket innings haul of his record-breaking Test career as the West Indies were eventually dismissed for 289 an hour into the second morning of the first Test against England in Barbados on Thursday.
Published 25 Jan, 2019 12:00am
India's cricket board lifts bans on Pandya, Rahul

India's cricket board lifts bans on Pandya, Rahul

Indian cricketers KL Rahul and Hardik Pandya, who were suspended earlier this month for making controversial comments about women, have had their bans lifted with immediate effect, the Indian cricket board (BCCI) said on Thursday.
Published 25 Jan, 2019 12:00am
Multan Sultans replace Steve Smith with Andre Russell

Multan Sultans replace Steve Smith with Andre Russell

Pakistan Super League (PSL) franchise Multan Sultans Thursday picked West Indies all-rounder Andre Russell as a replacement for former Australian skipper Steve Smith, who was due to be in action but was ruled out with an elbow injury.
Published 25 Jan, 2019 12:00am
Euro falls to three-week low as markets prepare for ECB caution
Currency

Euro falls to three-week low as markets prepare for ECB caution

The euro fell to a three-week low on Thursday before a European Central Bank meeting where policymakers may express caution about slowing economic growth. The ECB is expected to reaffirm it plans to raise interest rates by the end of the year, but traders
Published 25 Jan, 2019 12:00am
Dollar up versus yen after BOJ leaves policy unchanged
Currency

Dollar up versus yen after BOJ leaves policy unchanged

The dollar rose against the yen on Wednesday, after the Bank of Japan kept its stimulus program in place, but uncertainties over trade and the global economy kept the greenback in a tight trading range against other major currencies. The dollar was 0.47 p
Published 25 Jan, 2019 12:00am
Sri Lanka rupee edges up on exporter dollar sales; stocks gain
Currency

Sri Lanka rupee edges up on exporter dollar sales; stocks gain

Sri Lanka's rupee closed slightly firmer on Thursday due to dollar selling by exporters, while stocks edged higher for a second straight session, moving away from an eight-week closing low hit early this week. The rupee closed at 181.60/80 per dollar, com
Published 25 Jan, 2019 12:00am
Australia dollar slugged as hike in mortgage rates
Currency

Australia dollar slugged as hike in mortgage rates

The Australian dollar suffered a setback on Thursday when a hike in mortgage rates by one of the country's major banks added to the case for a cut in official rates, even as domestic jobs data showed a still solid labour market.
Published 25 Jan, 2019 12:00am
Pound slips after reaching 11-week highs
Currency

Pound slips after reaching 11-week highs

The pound drifted lower on Thursday after surging to a 11-week high overnight as investors consolidated positions before a key UK parliament debate next week. Growing expectations that Britain may be able to avoid a no-deal Brexit has fuelled a 2.3 percen
Published 25 Jan, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,639. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.127 billion and the number of lots traded 12,976. Major business was contributed by NSDQ100 am
Published 25 Jan, 2019 12:00am
CBOT soyabean futures higher

CBOT soyabean futures higher

Chicago Board of Trade (CBOT) soyabean futures closed higher in rangebound trade on Wednesday, supported by worries about poor crop weather crimping production in parts of South America, traders said. CBOT March soyabeans settled up 5-3/4 cents at $9.15 p
Published 25 Jan, 2019 12:00am
Chinese steel, iron ore futures slide

Chinese steel, iron ore futures slide

China's steel and iron ore futures dipped on Wednesday following a broader sell-off across riskier assets, pressured by persistent concerns over weak demand amid a slowing global economy. Benchmark Shanghai steel rebar futures eased following four days of
Published 25 Jan, 2019 12:00am
EU wheat stable as market seeks signs of export upturn

EU wheat stable as market seeks signs of export upturn

Euronext wheat futures ended flat on Wednesday as traders weighed up prospects for increased demand for west European supplies against limited evidence so far of an export upturn. March milling wheat, the most active contract on Paris-based Euronext, sett
Published 25 Jan, 2019 12:00am
Activities of Karachi Port and Port Qasim

Activities of Karachi Port and Port Qasim

The Karachi Port handled 160,094 tonnes of cargo comprising 103,926 tonnes of import cargo and 56,168 tonnes of export cargo including 9,586 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of
Published 25 Jan, 2019 12:00am
Sizeable business on cotton market
Cotton

Sizeable business on cotton market

Sizeable business activity was seen on the cotton market on Thursday in process of post-mini budget session, dealers said. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, approximately 11000 bales of cotton changed hand
Published 25 Jan, 2019 12:00am
Brazil's 2018/19 soyabean crop to be lower than expected due to drought

Brazil's 2018/19 soyabean crop to be lower than expected due to drought

Scant rains and high temperatures in Brazil's main soyabean fields have dashed expectations of another record harvest in the 2018/2019 season, according to a Reuters poll of 10 analysts compiled on Wednesday. The average estimate of 10 consultancies inclu
Published 25 Jan, 2019 12:00am
Greek vote on Macedonia name change postponed to Friday

Greek vote on Macedonia name change postponed to Friday

Greece's parliament on Thursday postponed for several hours a historic vote on a deal to change the name of neighbouring Macedonia, as protesters rallied against the agreement. Initially scheduled to be held after midnight, the vote will be held Friday fr
Published 25 Jan, 2019 12:00am
UK to help fund French fight against Channel crossings

UK to help fund French fight against Channel crossings

Britain on Thursday promised to pay for the deployment of new surveillance equipment in France to fight illegal cross-Channel migration. French Interior Minister Christophe Castaner met his British counterpart Sajid Javid in London to hone police efforts
Published 25 Jan, 2019 12:00am
Second bomb attack in days hits Damascus

Second bomb attack in days hits Damascus

A bomb attack hit near the Russian embassy in the Syrian capital Thursday but caused no casualties, state media said, in the second such blast in Damascus in less than a week. Eight years into Syria's devastating civil war, President Bashar al-Assad's reg
Published 25 Jan, 2019 12:00am
Activists wary of Saudi Davos welcome after Khashoggi murder

Activists wary of Saudi Davos welcome after Khashoggi murder

Activists are criticising the World Economic Forum for allowing a large Saudi presence in Davos this week without devoting time to the murder of journalist Jamal Khashoggi. The Saudi presence "is deeply distressing", Amnesty International chief Kumi Naido
Published 25 Jan, 2019 12:00am
Iraq parliament approves 2019 budget, one of largest ever

Iraq parliament approves 2019 budget, one of largest ever

Iraqi lawmakers on Thursday approved the government's 2019 budget, which at $111.8 billion is one of the largest ever for the oil-rich country. It represents a nearly 45 percent increase from last year and awards even more money for public salaries, inclu
Published 25 Jan, 2019 12:00am
Canada newspaper editor, publisher found guilty of peddling hate

Canada newspaper editor, publisher found guilty of peddling hate

The publisher and editor of a Toronto newspaper were found guilty on Thursday of promoting hate over articles and images that encouraged rape and denied the Holocaust. The editor-in-chief James Sears, 55, and publisher LeRoy St. Germaine, 77, argued at tr
Published 25 Jan, 2019 12:00am
New Indian finance minister days before final budget

New Indian finance minister days before final budget

India appointed a temporary finance minister late Wednesday, just days before Prime Minister Narendra Modi's government is due to present its final budget before looming elections. Arun Jaitley, who has undergone medical treatment in the US, would be "tem
Published 25 Jan, 2019 12:00am
Qatar emir to visit Asia amid Gulf crisis

Qatar emir to visit Asia amid Gulf crisis

Qatar's ruler will visit South Korea, Japan and China - some of the energy-rich country's top trading partners - later this month, state media reported Thursday, amid a diplomatic Gulf crisis. Emir Sheikh Tamim bin Hamad al-Thani will sign several "agreem
Published 25 Jan, 2019 12:00am
OPEC focused on averting new oil glut before April meeting

OPEC focused on averting new oil glut before April meeting

OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC's secretary general told Reuters. Worried by a drop in oil prices and rising supplies, the Organization of
Published 25 Jan, 2019 12:00am
Oil steady as US gasoline glut offsets Venezuela turmoil

Oil steady as US gasoline glut offsets Venezuela turmoil

Oil prices were steady on Thursday after US data showing record high gasoline inventories and an unexpected big build in crude offset the United States' threat of sanctions on OPEC member Venezuela. Brent crude futures fell 18 cents to $60.96 a barrel by
Published 25 Jan, 2019 12:00am
TOCOM drops on weaker oil prices, worries over global economy

TOCOM drops on weaker oil prices, worries over global economy

Benchmark Tokyo rubber futures dropped on Thursday, following a plunge in a near-term contract and weaker oil prices, while lingering worries over slowing global economic growth weighed on market sentiment, dealers said. Oil prices declined after a surpri
Published 25 Jan, 2019 12:00am
Palm hits near five-month high on lower production outlook
Vegetable Oil

Palm hits near five-month high on lower production outlook

Malaysian palm oil futures hit their highest in nearly five months on Thursday on expectations of falling production. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,297 ringgit ($554.9
Published 25 Jan, 2019 12:00am
US wheat retreats from five-week high; corn, soy also down

US wheat retreats from five-week high; corn, soy also down

Chicago wheat futures slipped from a five-week high on Thursday as a stronger dollar helped halt an advance driven by improving prospects for US exports. The most-active wheat contract on the Chicago Board of Trade was down 0.3 percent at $5.24-1/2 a bus
Published 25 Jan, 2019 12:00am
Gold steadies on US government shutdown, trade jitters

Gold steadies on US government shutdown, trade jitters

Gold steadied on Thursday following initial losses, supported by uncertainties surrounding a government shutdown in the United States and its trade relations with China, with further gains capped by a stronger dollar. Spot gold was unchanged at $1,282.35
Published 25 Jan, 2019 12:00am
Asia Rice: India rates rise, Vietnam prices slip before holiday

Asia Rice: India rates rise, Vietnam prices slip before holiday

Rice export prices rose in India, driven by higher procurement costs for local paddy even as demand was tepid, while rates for the Vietnamese variety slipped as activity slowed before a holiday season. Top exporter India's 5 percent broken parboiled varie
Published 25 Jan, 2019 12:00am
US MIDDAY: gold dips as dollar, stocks gain; focus on ECB chief speech

US MIDDAY: gold dips as dollar, stocks gain; focus on ECB chief speech

Gold fell on Thursday, weighed down by a stronger dollar and an uptick in equities, as investors awaited cues on the health of the economy from European Central Bank chief Mario Draghi's statement later in the day. Spot gold slipped 0.3 percent to $1,278.
Published 25 Jan, 2019 12:00am
Haier brand seminar breaks new ground

Haier brand seminar breaks new ground

Haier Brand Seminar 2019, the premier event of the year for brand Haier, is being held to celebrate Haier's phenomenal success both on a global scale and here in Pakistan as the No.1 choice of home appliances for discerning consumers. This year's theme "T
Published 25 Jan, 2019 12:00am
NDRM Fund and DPC exempted from minimum tax

NDRM Fund and DPC exempted from minimum tax

The government has granted exemption from minimum tax on National Disaster Risk Management Fund and Deposit Protection Corporation under the Finance Supplementary (Second Amendment) Bill, 2019.
Published 25 Jan, 2019 12:00am
Edible oil, packing, plastic raw material under tax regime

Edible oil, packing, plastic raw material under tax regime

The Federal Board of Revenue (FBR) has brought back edible oil, packing material and plastic raw material imported by commercial importers under the full and final tax regime. According to the comments of Tola Associates on the Finance Supplementary (Seco
Published 25 Jan, 2019 12:00am
'Registration of farmers under way in Sialkot'

'Registration of farmers under way in Sialkot'

The registration of farmers is underway in four tehsils of Sialkot district and more than 12,000 farmers had so far been registered disclosed Deputy Commissioner Syed Bilal Haider while addressing Agriculture Advisory Committee meeting held Thursday. The
Published 25 Jan, 2019 12:00am
Steps to boost tractor industry discussed
Cotton

Steps to boost tractor industry discussed

The Federal Secretary, Ministry of Industry, convened a meeting of PAAPAM and the tractor industry stake holders on Wednesday to deliberate upon the solutions to jumpstart the tractor industry and look at ways to eliminate the phenomenon of boom and bust
Published 25 Jan, 2019 12:00am
Reforms package to bring huge local and foreign investment: LCCI

Reforms package to bring huge local and foreign investment: LCCI

President of the Lahore Chamber of Commerce & Industry Almas Hyder on Thursday said that government did well in the critical state of affairs and presented a good package of reforms that would definitely produce investment opportunities in auto industry,
Published 25 Jan, 2019 12:00am
APTMA terms 'mini-budget' investment-oriented

APTMA terms 'mini-budget' investment-oriented

The All Pakistan Textile Mills Association (APTMA) Chairman Syed Ali Ahsan has welcomed an export-led and investment-oriented growth package consisting of the initiatives for ease of doing business through Finance Supplementary (Second Amendment) Bill, 20
Published 25 Jan, 2019 12:00am
Zulfi Bukhari meets Iraqi president

Zulfi Bukhari meets Iraqi president

Special Assistant to the Prime Minister for Overseas Pakistanis and Human Resource Development, Syed Zulfiqar Abbas Bukhari, paid a visit to Baghdad on 23 January 2019. This was the first high level visit from Pakistan to Iraq since the coming into power
Published 25 Jan, 2019 12:00am
Absence of ministers: Senate proceedings suspended for 30 minutes

Absence of ministers: Senate proceedings suspended for 30 minutes

The Senate proceedings were suspended for 30 minutes due to lack of quorum as joint opposition on Thursday stormed out of the House to agitate absence of ministers, linking start of budget debate with the availability of the minister concerned at least.
Published 25 Jan, 2019 12:00am
Climate smart agriculture profile launched

Climate smart agriculture profile launched

"Pakistan, due to its geographical local, is considered as one of the most vulnerable country to climate change with serious impacts on agriculture and food security. It is ranked as the 7th most affected country from natural disasters on the Global Clima
Published 25 Jan, 2019 12:00am
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