On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,667. The traded value of Metals, Energy and COTS/FX was recorded at PKR 14.036 billion and the number of lots traded 20,255.
The pound steadied on Thursday as Britain prepared to resume negotiations with the European Union over how to resolve the issue of Irish border arrangements after Brexit. Sterling has strengthened 4 percent this year due to a weaker dollar and expectation
Sri Lanka's rupee rose 0.5 percent on Thursday, and posted a gain of 2.4 percent for the month, as foreign investors purchased government securities, while Fitch rating agency revised down forecast for the currency for 2019 and 2020. Fitch Solutions Macro
The Federal Reserve's dovish turn supported Asian currencies on Thursday and sent the dollar lower as the move improved sentiment across the region which had been hit hard by the US central bank's tightening cycle last year.
The Australian and New Zealand dollars held hefty gains on Thursday after their US counterpart was scuppered by a surprisingly dovish turn from the Federal Reserve, which also boosted bonds world wide. The kiwi dollar got an extra lift when S&P Global Rat
The dollar fell on Wednesday, after the Federal Reserve held interest rates steady, as expected, and struck a cautious tone on its outlook for the economy and future interest rate increases. The greenback hit session lows versus the euro and gave up gains
The Canadian dollar took the top spot against the struggling greenback in January as a combination of strong gains in risky assets and a 15 percent rally in oil prices boosted appetite. On Thursday, the dollar weakened across the board after the Federal R
The dollar weakened on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, a move that lifted the euro and the Australian dollar. The Fed left interest rates unchanged on Wednesday, as expected, but discarded its pro
The dollar fell versus its peers on Thursday after the Federal Reserve took a dovish turn at its latest policy meeting, a shift that stoked broader investor sentiment and supported currencies such as the Australian dollar and the euro. The US central bank
Asian Cup hosts the United Arab Emirates have lodged a protest over the eligibility of two Qatari players, the Asian Football Confederation said on Thursday. The move comes a day before Qatar make their first ever final appearance against Japan, and two d
Nico Yennaris has made a permanent move to Beijing Guoan, the club said Thursday, becoming one of the first foreign-born players to be given naturalised citizenship in China. "It's an exciting opportunity for me to play in the birth country of my mother a
Arsenal announced the signing of Spain international Denis Suarez on loan for the rest of the season on Thursday's transfer deadline day. Suarez will link up again with Arsenal boss Unai Emery, with whom he worked during a loan spell at Sevilla in the 201
Stand-in captain Rohit Sharma warned against complacency ahead of India's World Cup fight Thursday after a resurgent New Zealand inflicted one of his side's heaviest ever one-day defeats. The New Zealanders cruised to an eight-wicket win in the fourth ODI
Deandra Dottin and Chedean Nation spoiled Pakistan women's cricket team's 100th T20I celebrations with an unbroken third wicket century stand that guided the West Indies women's cricket team to a convincing 71 runs victory in front of GEO Super cameras in
Living up to expectations, Mahoor Shahzad won the women singles title of the national badminton championship making short work of Ghazala Siddique 21-5, 21-8 in the final here on Thursday at Nishtar Park sports complex hall. Wapda's Mahoor put up dazzling
Anthony Martial has signed a new contract that will keep him at Manchester United until June 2024 just months after he seemed set to leave, the Premier League club announced on Thursday. The 23-year-old Frenchman, who moved to Old Trafford from Monaco in
The head of cricket's world body Thursday said the sport's "spirit" is under threat after recent scandals - ranging from racist comments to corruption - that have tarnished its reputation. International Cricket Council chief executive David Richardson, sp
Liverpool wasted a chance to take complete control of the Premier League title race as Leicester earned a 1-1 draw against the leaders, while Chelsea's bid for a top-four finish was rocked by a humiliating 4-0 thrashing at Bournemouth on Wednesday. After
An official survey that has been withheld by the government shows India's unemployment rate rose to a 45-year high during 2017-2018, the Business Standard newspaper reported on Thursday, delivering a blow to Prime Minister Narendra Modi just months before
The Italian economy contracted in the fourth quarter of 2018, dragged down by slowing European growth and global trade tensions, plunging the country into a technical recession, official data showed Thursday. The 0.2 percent contraction - following a 0.1
Facebook said Wednesday that quarterly profit climbed to an all-time record $6.9 billion as it boosted its global user base despite scandals that have dented the leading social network's image. Revenue soared 30 percent from a year ago to $16.9 billion wh
Israeli officials went to sea Thursday to mark the arrival of the platform jacket for Leviathan, a major step in the "revolution" the massive gas reservoir is expected to generate. "The Leviathan gas field is the greatest natural treasure that has been di
Royal Dutch Shell on Thursday said that net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts. Profit after tax had come in at almost $13 billion in 2017, Shell said in a statement.
Royal Dutch Shell on Thursday said that net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts. Profit after tax had come in at almost $13 billion in 2017, Shell said in a statement.
Central banks have bought the most gold in nearly 50 years as the precious metal profits from its safehaven status, the World Gold Council said Thursday, amid trade tensions and Brexit uncertainty. The banks added 651.5 tonnes to official gold reserves in
Saudi Arabia's economy grew at a pace of 2.21 percent in 2018, buoyed by strong oil sector growth and recovering from a contraction in 2017 when the economy was hurt by weak oil prices and austerity measures, government data showed on Thursday. In 2017, i
Finnish telecoms equipment maker Nokia published better-than-expected fourth-quarter results on Thursday, but revised downward its forecast for its networks business in early 2019. Nokia reported a profit of 193 million euros ($221 million) for October-De
Finnish telecoms equipment maker Nokia published better-than-expected fourth-quarter results on Thursday, but revised downward its forecast for its networks business in early 2019. Nokia reported a profit of 193 million euros ($221 million) for October-De
Microsoft Corp on Thursday reported results largely in line with Wall Street's targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. Earnings per share slightly exceeded expectations, but the software ma
Microsoft Corp on Thursday reported results largely in line with Wall Street's targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. Earnings per share slightly exceeded expectations, but the software ma
The EU's powerful anti-trust sheriff on Thursday accused eight banks of having conspired for several years to distort competition in the eurozone bond market. According to the European Commission, the banks colluded to distort competition when acquiring a
The EU's powerful anti-trust sheriff on Thursday accused eight banks of having conspired for several years to distort competition in the eurozone bond market. According to the European Commission, the banks colluded to distort competition when acquiring a
Samsung Electronics, the world's biggest smartphone and memory chip maker, reported a slump in fourth-quarter net profits on Thursday, blaming a drop in demand for its key products. Net profits in the October-December period were 8.46 trillion won ($7.6 b
Samsung Electronics, the world's biggest smartphone and memory chip maker, reported a slump in fourth-quarter net profits on Thursday, blaming a drop in demand for its key products. Net profits in the October-December period were 8.46 trillion won ($7.6 b
London's main stock index was higher on Thursday, notching up gains for a third straight session, propelled by upbeat earnings reports from heavyweights Shell and Diageo and the US Federal Reserve's dovish stance on future interest rate hikes. The FTSE 10
Indian shares rose sharply on Thursday after the US Federal Reserve pledged to be patient with further rate hikes, while investors awaited the 2019/20 Union Budget on Friday for further direction. The benchmark BSE index closed up 1.87 percent at 36,256.6
A dovish tone from the US Federal Reserve supported European shares on Thursday, with higher crude prices and a strong update from Shell sending oil stocks rallying and helping offset poor results from Nokia and Unilever. The STOXX 600 was up 0.1 percent
Japan's Nikkei rebounded on Thursday as the US Federal Reserve's pledge to be patient over lifting interest rates helped ease worries about risks facing the slowing global economy. The Nikkei share average closed up 1.1 percent at 20,773.49, after reachin
China stocks rose on Thursday, joining a rally in broader Asian markets, after the US Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth. The blue-
Most Southeast Asian stock markets rose on Thursday on the US Federal Reserve's dovish outlook, with Indonesia hitting a near 11-month high while Philippines erased some of its gains after the country's central bank flagged an acceleration in inflation. T
Financial stocks pulled Aussie shares lower on Thursday as banks fell ahead of a powerful inquiry's final report due next week, offseting optimism stemming from US Federal Reserve's dovish outlook. The S&P/ASX 200 index closed down 0.4 percent or 22.0 poi
US stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worrried about a slowing economy Along with better-than-feared quarterly results from Apple Inc, the Fed's
Wall Street stocks were mixed early Thursday following an uneven batch of earnings as investors eyed ongoing trade talks between the US and China. About 25 minutes into trading, the Dow Jones Industrial Average was down 0.5 percent at 24,822.22. The broad
Saudi Arabia's stock market, which introduced the MSCI Tadawul 30 index, fell on Thursday as its bank stocks slid, while Dubai gained sharply lifted by corporate earnings results. Saudi Arabia's main index fell 0.3 percent. National Shipping Company of Sa
Lahore Waste Management Company (LWMC) Managing Director Khalid Nazir on Thursday visited various parts of the city to monitor sanitation condition. He also visited the LWMC Compost Plant, Lakhoder Landfill site, Workshop, Weigh Bridge and Mehmood Booti D
At least two persons of a family lost their lives and five others were injured when roof of their house collapsed due to heavy rain in Bajaur tribal district on Thursday. The injured have been shifted to district headquarters hospital Khar. Local sources
Muhammad Wisal Fakhar Sultan, a grade-20 officer of Police Services of Pakistan, has been appointed as director Federal Investigation Agency (FIA) Islamabad Zone. According to a notification issued by the Office of Director General FIA, Sultan (PSP/BS-20)
First ever in history of ex-Fata, Khyber Pakhtunkhwa (KP) cabinet meeting presided over by KP Chief Minister, Mehmood Khan was held in jirga hall Landi Kotal on Thursday. The meeting was held in tribal district on the special directives of Prime Minister
Sahiwal vicitm's brother, Jalil, failed to appear before the Joint Investigation Team (JIT) for an identification parade of Counter Terrorism Department (CTD) officials on Thursday. The identification parade was put off for the third time on Thursday afte
Sindh Engro Coal Mining Company (SECMC) has become World's first and only pit mining company to get ISO-45001:2018 Certification. The certification has been granted after six months of intense preparations, trainings and then eventually the audit carried
A man was caught at the Bacha Khan International Airport, Peshawar on Thursday trying to smuggle drugs hidden in fruits. According to Airport Security Force (ASF), the man had hidden drugs inside oranges and pomegranates and wanted to smuggle them to Qata
Top diplomats from Saudi Arabia and its allies wrapped up two days of talks in Jordan's Dead Sea resort on Thursday on coordinating policy on the multiple conflicts gripping the region. The closed-door meetings were a "consultation between brothers and fr
A French court on Thursday upheld a decision by doctors to withdraw life support for a man kept alive in a vegetative state for a decade, after the latest legal challenge by the patient's parents in a divisive right-to-die case. Vincent Lambert, 42, was l
Lebanon announced a government line-up Thursday, ending an eight-month wait that had heightened fears of a major economic collapse. The new cabinet, unveiled during a press conference at the presidential palace, includes 30 ministers from Lebanon's rival
European aerospace and defence group Airbus has launched an inquiry into the origin and targets of a cyberattack detected earlier in January, the same month that French IT consulting group Altran also saw attempts to breach its systems. An Airbus spokesma
Macedonia's parliament speaker on Thursday chaired a session in Albanian in a historic first for a country that recently expanded official use of the minority language. Albanians make up to a quarter of the Balkan state's roughly two million population bu
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
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
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 31, 2019).
Federal Information Minister Fawad Chaudhry Thursday confirmed that name of Co-Chairman Pakistan Peoples Party Asif Ali Zardari is on the Exit Control List (ECL), saying the federal cabinet has reviewed as many as 172 names on the ECL and sent 32 cases fo
Pakistan Thursday warned the United States and Afghan officials against giving controversial statements, describing these as 'counterproductive' and having the potential to affect joint interest of peace and stability in Afghanistan.
Pakistan Thursday warned the United States and Afghan officials against giving controversial statements, describing these as 'counterproductive' and having the potential to affect joint interest of peace and stability in Afghanistan.
State Bank of Pakistan (SBP) has announced 25 basis points increase in policy rate to 10.25 percent from today (Friday) for the next two months to compress demand to deal with the challenges of fiscal deficit as well as inflationary pressures.
State Bank of Pakistan (SBP) has announced 25 basis points increase in policy rate to 10.25 percent from today (Friday) for the next two months to compress demand to deal with the challenges of fiscal deficit as well as inflationary pressures.
State Bank of Pakistan (SBP) has announced 25 basis points increase in policy rate to 10.25 percent from today (Friday) for the next two months to compress demand to deal with the challenges of fiscal deficit as well as inflationary pressures.
The government of Pakistan' second 'mini-budget' supports exports, but increases fiscal consolidation challenges in the absence of further revenue-raising measures, says Moody's Investors Services. Moody's in its latest report on Pakistan states that on 2
The government of Pakistan' second 'mini-budget' supports exports, but increases fiscal consolidation challenges in the absence of further revenue-raising measures, says Moody's Investors Services. Moody's in its latest report on Pakistan states that on 2
The government of Pakistan'' second ''mini-budget'' supports exports, but increases fiscal consolidation challenges in the absence of further revenue-raising measures, says Moody''s Investors Services. Moody''s in its latest report on Pakistan states that
Pakistan Stock Exchange ended on bullish note on the back of healthy buying in various sectors. BRIndex100 gained 26.8 points or 0.62 percent to close at 4,339.72 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,348.70
Pakistan Stock Exchange ended on bullish note on the back of healthy buying in various sectors. BRIndex100 gained 26.8 points or 0.62 percent to close at 4,339.72 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,348.70
Pakistan Stock Exchange ended on bullish note on the back of healthy buying in various sectors. BRIndex100 gained 26.8 points or 0.62 percent to close at 4,339.72 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,348.70
Prime Minister Imran Khan on Thursday launched three-year and five-year Pakistan Banao Certificates (PBCs) for overseas Pakistanis with a minimum investment of US $500 on an annual rate of return of 6.25 percent and 6.75 percent respectively. Addressing a