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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-03-16
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 85,080 tonnes of cargo comprising 30,501 tonnes of import cargo and 54,579 tonnes of export cargo including 5,594 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 30,5
Published 16 Mar, 2019 12:00am
Mechanism to address issue of non-registration of FIR devised

Mechanism to address issue of non-registration of FIR devised

In compliance with the order passed by National Judicial Policy Making Committee (NJPMC), the city police have devised an effective mechanism to deal with complaints related to non-registration of first information reports (FIRs) and matters related to no
Published 16 Mar, 2019 12:00am
Pakistan, Iran agree to strengthen bilateral cooperation

Pakistan, Iran agree to strengthen bilateral cooperation

Pakistan and Iran have agreed to strengthen bilateral cooperation in all areas, Foreign Office said Friday. According to Foreign Office spokesperson Dr Mohammad Faisal, Foreign Secretary Tehmina Janjua spoke with Iranian Deputy Foreign Minister Syed Abbas
Published 16 Mar, 2019 12:00am
'PTI government to help resolve traders' issues'

'PTI government to help resolve traders' issues'

Political Advisor to CM Punjab Chaudhry Akram has said that the business community is the country's backbone and thus they have an important role in the stability of the national economy. He expressed these views during a meeting with a delegation of Libe
Published 16 Mar, 2019 12:00am
Slow pace of CPEC projects irks Senate body

Slow pace of CPEC projects irks Senate body

The Senate Special Committee on Projects of China-Pakistan Economic Corridor has expressed serious concern over slow progress as well as no timeframe for completion and inauguration of development projects under the CPEC. The committee asked the Ministry
Published 16 Mar, 2019 12:00am
Pakistan wants to improve trade ties with China: Umar

Pakistan wants to improve trade ties with China: Umar

Finance Minister Asad Umar has said that Pakistan wants to improve trading relationship with China and is in the process of implementing grand long-term economic partnership China-Pakistan Economic Corridor (CPEC) to further strengthen these economic rela
Published 16 Mar, 2019 12:00am
60-day deadline expires today: PTA may block illegal mobile handsets

60-day deadline expires today: PTA may block illegal mobile handsets

A huge number of illegal mobile handsets are at high risk of being blocked by Pakistan Telecommunication Authority (PTA) from today (Saturday) after the expiry of 60 days deadline, as Device Identification, Registration and Blocking System (DIRBS) has bee
Published 16 Mar, 2019 12:00am
US MIDDAY: palladium soars to record, gold rebounds

US MIDDAY: palladium soars to record, gold rebounds

Palladium set a fresh record high on Friday amid expectations that China's economic stimulus would drive demand for the autocatalyst metal, while news that Russia may ban exports of precious metal scraps compounded worries of a supply deficit.
Published 16 Mar, 2019 12:00am
Corn, wheat, soyabean climb

Corn, wheat, soyabean climb

US wheat futures rose 1.7 percent on Friday as traders unwound bearish bets they placed on the grain when the market spiraled to a 14-month low earlier this week. The most-active Chicago Board of Trade soft red winter wheat contract hit its highest since
Published 16 Mar, 2019 12:00am
Palladium hits record peak in Europe

Palladium hits record peak in Europe

Palladium hit a record peak on Friday, on expectations that Chinese economic stimulus would drive demand for the autocatalyst metal, while news that Russia may ban exports of precious metal scraps compounded worries of a supply deficit. Gold also bounced
Published 16 Mar, 2019 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth buoyed demand for the safe-haven metal. Spot gold had gained by 0.6 percent to $1,303.30 per ounc
Published 16 Mar, 2019 12:00am
Gold falls in New York

Gold falls in New York

Gold fell more than 1 percent on Thursday, slipping below $1,300 for a second time this month, as fears of a "no-deal" Brexit faded and the dollar gained versus the pound ahead of a vote to extend the deadline for Britain's exit from the European Union.
Published 16 Mar, 2019 12:00am
Robusta coffee sinks to two-year low, raw sugar rises

Robusta coffee sinks to two-year low, raw sugar rises

Robusta coffee futures on ICE plunged on Friday to two-year lows as the market played catch-up to arabica, while raw sugar futures rose in their sixth consecutive positive finish. May robusta coffee settled down $5, or 0.3 percent, at $1,485 per tonne, af
Published 16 Mar, 2019 12:00am
Palm oil charts third weekly loss on demand woes

Palm oil charts third weekly loss on demand woes

Malaysian palm oil futures charted a third consecutive week of declines on Friday evening on concerns over demand from top buyers China and India, though prices reversed some losses to end the trading day slightly higher. Abundant supplies in key consumer
Published 16 Mar, 2019 12:00am
Tokyo rubber slides to three-week low

Tokyo rubber slides to three-week low

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, slid to a 3-week low on Friday amid increased fears about a slowdown in top buyer China after a bleak data. The benchmark Tokyo Commodity Exchange (TOCOM) ru
Published 16 Mar, 2019 12:00am
US oil retreats from 2019 high on soaring production

US oil retreats from 2019 high on soaring production

US crude futures briefly hit a 2019 high on Friday but retreated along with benchmark Brent oil as worries about the global economy and robust US production put a brake on prices. West Texas Intermediate (WTI) crude oil futures were down 12 cents at $58.4
Published 16 Mar, 2019 12:00am
North Sea Forties volume to Asia robust

North Sea Forties volume to Asia robust

Sailings of North Sea Forties to Asia, an arbitrage that trade sources have said could be challenged by a no-deal exit of Britain from the European Union, remain at near-record levels in March, according to tanker data. In window dealing, Forties and Bren
Published 16 Mar, 2019 12:00am
Most metals fall on uncertainty over China, global growth

Most metals fall on uncertainty over China, global growth

Most industrial metals prices fell on Friday as uncertainty about trade talks and global growth outweighed Chinese plans to use government levers to underpin growth. News of a tax cut for China's industrial sector sent zinc prices and spreads lurching in
Published 16 Mar, 2019 12:00am
ICE cotton futures gain
Cotton

ICE cotton futures gain

ICE cotton futures rose on Friday as a report stated that more progress has been made in the US-China trade talks lifted investor sentiment.
Published 16 Mar, 2019 12:00am
American Airlines says suspending flights to Venezuela

American Airlines says suspending flights to Venezuela

American Airlines said Friday it is suspending flights to Venezuela amid the deteriorating humanitarian situation and increased safety concerns in the country. "American has temporarily suspended our operation into Caracas and Maracaibo," the carrier said
Published 16 Mar, 2019 12:00am
Over 2,000 fall ill in Malaysia after toxic waste dumped

Over 2,000 fall ill in Malaysia after toxic waste dumped

More than 2,000 people, including many children, have fallen ill after toxic waste was dumped in a Malaysian river and emitted hazardous fumes over a wide area, an official said Friday. About 200 schools and nurseries have been closed in the affected area
Published 16 Mar, 2019 12:00am
US, EU slap new sanctions on Russia

US, EU slap new sanctions on Russia

The United States, in coordination with the European Union and Canada, Friday slapped new sanctions on more than a dozen officials and businesses in response to Russia's "continued aggression in Ukraine." Six Russian officials, six defense firms and two e
Published 16 Mar, 2019 12:00am
Israel launches dozens of Gaza strikes

Israel launches dozens of Gaza strikes

Israel said Friday its aircraft had struck dozens of Hamas targets in the Gaza Strip overnight in response to rockets from the Palestinian enclave, including rare fire toward its economic capital Tel Aviv. The escalation followed weeks of growing tensions
Published 16 Mar, 2019 12:00am
Tens of thousands pack Paris climate demonstration

Tens of thousands pack Paris climate demonstration

Tens of thousands of young people took part in the Paris edition of Friday's global student climate demonstration, according to the police and the rally's organisers. The police estimated that around 29,000 people attended the peaceful demonstration - one
Published 16 Mar, 2019 12:00am
Cyclone cuts off Mozambique coastal city of Beira

Cyclone cuts off Mozambique coastal city of Beira

Tropical cyclone Idai battered Mozambican coastal city Beira Friday, leaving half a million people virtually cut off after power lines crashed, airport shut and roads were swamped by flooding that killed 66 people nationwide. "There is no communication wi
Published 16 Mar, 2019 12:00am
Nations agree 'significant' plastic cuts

Nations agree 'significant' plastic cuts

Nations on Friday committed to "significantly reduce" single-use plastics over the next decade, in a series of voluntary pledges that green groups warned fell short of tackling Earth's pollution crisis. After marathon talks in Nairobi, countries appeared
Published 16 Mar, 2019 12:00am
Syria death toll tops 370,000 in eight years of war

Syria death toll tops 370,000 in eight years of war

Eight years of war in Syria have left more than 370,000 people dead including 112,000 civilians, a monitor said Friday. The Syrian Observatory for Human Rights, which has a network of sources across the country, said more than 21,000 children and 13,000 w
Published 16 Mar, 2019 12:00am
US General Wolters new Nato supreme commander

US General Wolters new Nato supreme commander

US Air Force General Tod Wolters has been nominated to become NATO's top officer, the Supreme Allied Commander Europe, the alliance announced Friday. The North Atlantic Treaty Organisation's military leader is always American, and Wolters was nominated by
Published 16 Mar, 2019 12:00am
Three astronauts on Soyuz craft successfully reach ISS

Three astronauts on Soyuz craft successfully reach ISS

A Russian cosmonaut and two US astronauts arrived Friday at the International Space Station aboard a Russian Soyuz spacecraft, five months after the failed launch of a rocket carrying two of the passengers. NASA astronaut Nick Hague and his Russian collea
Published 16 Mar, 2019 12:00am
Sterling has best week since Jan
Currency

Sterling has best week since Jan

The British pound rose on Friday, posting its best week since January, as Prime Minister Theresa May tried to convince eurosceptics to back her deal to exit the European Union in a third parliamentary vote next week. Sterling has rallied 1.7 percent again
Published 16 Mar, 2019 12:00am
Asian currencies eke out small gains
Currency

Asian currencies eke out small gains

Most emerging Asian currencies made small gains on Friday as improved sentiment over reports of progress in US-China trade talks was partially tempered by fears of a fresh flare up in tensions on the Korean peninsula, which knocked the won.
Published 16 Mar, 2019 12:00am
Three-month dollar LIBOR climbs to 2-1/2 weeks high
Libor

Three-month dollar LIBOR climbs to 2-1/2 weeks high

A key barometer of interbank borrowing costs increased on Friday to its highest level in about 2-1/2 weeks, partly in anticipation of US quarterly corporate tax payments in three months. The London interbank offered rate (LIBOR) to borrow dollars for thre
Published 16 Mar, 2019 12:00am
Sterling stalls; dollar ticks up in NY
Currency

Sterling stalls; dollar ticks up in NY

The US dollar gained on Thursday for the first time in a week, albeit modestly, as the pound stalled at lower levels ahead of a vote to extend Britain's March 29 deadline for exiting the European Union. The pound was down 0.54 percent at $1.3266 in aftern
Published 16 Mar, 2019 12:00am
Dollar broadly falls in European trade
Currency

Dollar broadly falls in European trade

The dollar broadly fell against its rivals on Friday and was on track for its biggest weekly drop in more than three months, while the Australian and the Kiwi dollars were the biggest gainers on news of more China stimulus plans. China will cut value-adde
Published 16 Mar, 2019 12:00am
Pound pauses; yen ticks up in Asia

Pound pauses; yen ticks up in Asia

The British pound paused for breath on Friday but stayed on course for its biggest weekly gain in seven weeks after the UK parliament voted to seek a delay in Britain's exit from the European Union, following a decision to avert a no-deal Brexit. The yen
Published 16 Mar, 2019 12:00am
Advantage Afghanistan despite Irish No 11 heroics

Advantage Afghanistan despite Irish No 11 heroics

Bowlers put Afghanistan in control despite a defiant half-century from Ireland number 11 Tim Murtagh on the opening day of the one-off Test between the long format's two new entrants on Friday. Murtagh made an unbeaten 54 to lift Ireland to 172 after they
Published 16 Mar, 2019 12:00am
Court scraps Sreesanth's life ban for fixing

Court scraps Sreesanth's life ban for fixing

India's Supreme Court scrapped cricketer Shanthakumaran Sreesanth life ban for match-fixing on Friday but stopped short of acquitting the paceman. The court said Sreesanth's long-running case had been badly handled and gave the Board of Control for Cricke
Published 16 Mar, 2019 12:00am
New Zealand-Bangladesh Test cancelled after mosque attacks

New Zealand-Bangladesh Test cancelled after mosque attacks

New Zealand and Bangladesh on Friday cancelled the third cricket Test after 49 people were killed in gun attacks on mosques in Christchurch, including one that was attended by the Bangladeshi team. "A joint decision between NZC and the @BCBtigers has been
Published 16 Mar, 2019 12:00am
Peshawar trounce Islamabad to reach HBL PSL final

Peshawar trounce Islamabad to reach HBL PSL final

A power packed performance from Peshawar Zalmi led by half centuries from Kamran Akmal and Imam-ul-Haq and support from Sammy and Pollard helped former champions upstage defending champion Islamabad United by 48 runs in the Eliminator 2 of the HBL Pakista
Published 16 Mar, 2019 12:00am
Pakistan squad off to Doha for Qatar Junior Squash

Pakistan squad off to Doha for Qatar Junior Squash

Eight-member Pakistan Junior team departed for Doha, Qatar to participate in the Qatar International Junior Squash Championship-2019 which is schedule to be commencing from March 16-21 at Khalifa International Tennis and Squash Club. Pakistan eight member
Published 16 Mar, 2019 12:00am
Ronaldo back in Portugal squad

Ronaldo back in Portugal squad

Cristiano Ronaldo was named in defending European champions Portugal's squad on Friday nine months after his last international appearance at the 2018 World Cup in Russia. With Euro 2020 qualifiers against Ukraine and Serbia coming up, coach Fernando Sant
Published 16 Mar, 2019 12:00am
FIFA backs 48-team World Cup in 2022

FIFA backs 48-team World Cup in 2022

FIFA moved a step closer on Friday to expanding the 2022 World Cup in Qatar to 48 teams and hopes to confirm the plans in June if a suitable co-host can be found. An internal feasibility study supporting the expansion, which is being strongly pushed by Pr
Published 16 Mar, 2019 12:00am
Bencic sweeps into Indian Wells semi-final against Kerber
Kerb

Bencic sweeps into Indian Wells semi-final against Kerber

Resurgent Swiss Belinda Bencic toppled another top-10 player Thursday, downing fifth-ranked Karolina Pliskova to set up an Indian Wells WTA final against Angelique Kerber. Bencic, a former world number seven whose ranking slumped as injuries stalled her c
Published 16 Mar, 2019 12:00am
US manufacturing sector slowing

US manufacturing sector slowing

US manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
Published 16 Mar, 2019 12:00am
Elon Musk's Tesla adds 'Model Y' SUV to line-up

Elon Musk's Tesla adds 'Model Y' SUV to line-up

Tesla introduced a new electric sports utility vehicle slightly bigger and more expensive than its Model 3, pitched as an electric car for the masses. Tesla chief executive Elon Musk showed off the "Model Y" late Thursday at the company's design studio in
Published 16 Mar, 2019 12:00am
Ford to slash over 5,000 German jobs

Ford to slash over 5,000 German jobs

Ford on Friday said it planned to cut "more than 5,000" jobs in Germany as part of a major restructuring to boost profitability at the US car giant's European operations. The group aims to carry out the jobs cull through voluntary redundancies and early r
Published 16 Mar, 2019 12:00am
US regulators sue Volkswagen over emissions scandal

US regulators sue Volkswagen over emissions scandal

US stock regulators have sued Volkswagen over the emissions cheating scandal, alleging the German automaker committed fraud by raising billions in corporate bonds while lying to investors about the environmental impact of its cars.
Published 16 Mar, 2019 12:00am
Boeing to upgrade stall prevention on 737 MAX

Boeing to upgrade stall prevention on 737 MAX

Boeing in the next 10 days will roll out an upgrade to the MCAS stall prevention system for 737 MAX aircraft that have had two deadly accidents in recent months, two industry sources told AFP. The system was implicated in the crash of a 737 MAX 8 in Indon
Published 16 Mar, 2019 12:00am
Airbus trials drone delivery to ships

Airbus trials drone delivery to ships

Airbus on Friday began trials of drones delivering parcels to ships anchored offshore in Singapore, as the high-tech city rolls out the devices for an array of tasks. Singapore is aiming to use drones for parcel delivery, inspecting buildings, providing s
Published 16 Mar, 2019 12:00am
MtGox bitcoin founder gets suspended sentence
Currency

MtGox bitcoin founder gets suspended sentence

The high-flying creator of the MtGox bitcoin exchange received a suspended jail sentence of two and a half years after a Japanese court Friday found him guilty on charges of data manipulation. The court convicted Mark Karpeles, a 33-year-old Frenchman, fo
Published 16 Mar, 2019 12:00am
Britain's mid-cap index surges on Brexit optimism

Britain's mid-cap index surges on Brexit optimism

Britain's mid-cap index hit a 5-month high on Friday, tracking a rally in sterling as talks between the Northern Irish Democratic Unionist Party and British ministers over Prime Minister Theresa May's Brexit deal were described as "good".
Published 16 Mar, 2019 12:00am
Most Southeast Asian stocks move higher
Currency

Most Southeast Asian stocks move higher

Most Southeast Asian stocks advanced on Friday, with Indonesia gaining after the nation posted a surprise trade surplus in February, while Philippines erased losses to end higher as January remittances rose. Indonesian stocks jumped 0.8 percent, gaining 1
Published 16 Mar, 2019 12:00am
European stocks at five-month high

European stocks at five-month high

European shares closed at their highest level in five months on Friday as investors cheered positive signs on US-China trade talks and UK lawmakers' vote to request a delay in a potentially chaotic exit from the EU. The pan-European STOXX 600 was up 0.7 p
Published 16 Mar, 2019 12:00am
Australian shares weakens; New Zealand up

Australian shares weakens; New Zealand up

Australian shares edged lower on Friday as fresh concerns about a US-China trade deal hit commodity prices and mining stocks while financials extended their recent declines. The S&P/ASX 200 index closed 0.1 percent lower at 6,175.20. The benchmark snapped
Published 16 Mar, 2019 12:00am
China stocks climb

China stocks climb

The Chinese stock market closed higher on Friday after Premier Li Keqiang vowed strong measures to boost slowing economic growth. At the close, the Shanghai Composite index was up 1 percent at 3,021.75, while the blue-chip CSI300 index was up 1.3 percent.
Published 16 Mar, 2019 12:00am
Treasury prices fall

Treasury prices fall

US Treasury prices dropped on Thursday in quiet trading overall, with the sharpest falls seen on the long end of the curve, pressured by corporate debt supply and some selling from Japanese investors ahead of Japan's fiscal year end this month.
Published 16 Mar, 2019 12:00am
Treasury prices fall

Treasury prices fall

US Treasury prices dropped on Thursday in quiet trading overall, with the sharpest falls seen on the long end of the curve, pressured by corporate debt supply and some selling from Japanese investors ahead of Japan's fiscal year end this month.
Published 16 Mar, 2019 12:00am
Hong Kong shares surge

Hong Kong shares surge

The Hong Kong market closed higher on Friday, after China pledged to prop up slowing economic growth and appeared to make progress in its trade talks with the United States. At the close of trade, the Hang Seng index was up 0.6 percent at 29,012.26 points
Published 16 Mar, 2019 12:00am
S&P 500 eases amid US-China trade uncertainty
Kerb

S&P 500 eases amid US-China trade uncertainty

The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge. US President Donald Trump and Treasury Secretary Steven Mnuchin said
Published 16 Mar, 2019 12:00am
Tokyo shares up on weak yen

Tokyo shares up on weak yen

Tokyo shares rose on Friday, ending two days of declines, with a cheaper yen providing support and investors brushing off a downbeat central bank assessment of the Japanese economy. The Nikkei 225 index added 0.77 percent, or 163.83 points, to 21,450.85,
Published 16 Mar, 2019 12:00am
India's BSE index ends above 38,000

India's BSE index ends above 38,000

Indian shares edged higher for a fifth consecutive session on Friday, marking their best week in over three months, as investors expect a second term for the incumbent government. The benchmark BSE index closed up 0.71 percent at 38,024.32, ending the wee
Published 16 Mar, 2019 12:00am
Euronext wheat climbs to one week high

Euronext wheat climbs to one week high

Euronext wheat rose to a one-week high on Thursday, buoyed by a rebound in Chicago and an upturn in French exports. Gains were capped, however, by favourable prospects for this year's harvest and signs of persisting export competition from Black Sea origi
Published 16 Mar, 2019 12:00am
Trade activity down on cotton market
Cotton

Trade activity down on cotton market

Trade activity slowed down on the cotton market on Friday as the most of ginners were not ready to oblige the mills in the process trade activity, dealers said. The official spot rate unchanged at Rs 8,700, they added. In the ready session, only one deal
Published 16 Mar, 2019 12:00am
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