AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 219.00 Increased By ▲ 11.23 (5.41%)
BOP 10.45 Increased By ▲ 0.39 (3.88%)
CNERGY 7.04 Decreased By ▼ -0.04 (-0.56%)
DCL 10.02 Increased By ▲ 0.03 (0.3%)
DFML 41.00 Decreased By ▼ -0.14 (-0.34%)
DGKC 104.52 Increased By ▲ 1.06 (1.02%)
FCCL 36.66 Increased By ▲ 0.31 (0.85%)
FFBL 91.50 Decreased By ▼ -0.09 (-0.1%)
FFL 14.55 Decreased By ▼ -0.05 (-0.34%)
HUBC 141.00 Increased By ▲ 1.57 (1.13%)
HUMNL 14.29 Increased By ▲ 0.19 (1.35%)
KEL 6.01 Increased By ▲ 0.04 (0.67%)
KOSM 7.73 Decreased By ▼ -0.13 (-1.65%)
MLCF 47.81 Increased By ▲ 0.53 (1.12%)
NBP 70.90 Decreased By ▼ -2.86 (-3.88%)
OGDC 229.25 Increased By ▲ 6.59 (2.96%)
PAEL 39.20 Increased By ▲ 1.09 (2.86%)
PIBTL 9.32 Increased By ▲ 0.05 (0.54%)
PPL 209.65 Increased By ▲ 3.80 (1.85%)
PRL 40.91 Increased By ▲ 1.06 (2.66%)
PTC 27.00 Increased By ▲ 0.38 (1.43%)
SEARL 110.56 Increased By ▲ 0.32 (0.29%)
TELE 9.15 Decreased By ▼ -0.08 (-0.87%)
TOMCL 38.84 Increased By ▲ 0.63 (1.65%)
TPLP 14.09 Increased By ▲ 0.32 (2.32%)
TREET 26.50 Increased By ▲ 0.05 (0.19%)
TRG 60.60 Increased By ▲ 0.06 (0.1%)
UNITY 34.30 Increased By ▲ 0.16 (0.47%)
WTL 1.85 Decreased By ▼ -0.03 (-1.6%)
BR100 12,438 Increased By 139.3 (1.13%)
BR30 39,420 Increased By 542.4 (1.4%)
KSE100 115,354 Increased By 493.1 (0.43%)
KSE30 36,380 Increased By 183.7 (0.51%)
Print - 2019-04-11
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 11 Apr, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 11 Apr, 2019 12:00am
Fed Cup veteran Safarova back for Czechs

Fed Cup veteran Safarova back for Czechs

Veteran Lucie Safarova has been drafted in to help Fed Cup holders Czech Republic bounce back from defeat by Romania and win a crucial play-off against Canada. Humiliated by Romania in the first round, the Czechs are without their two top players, Petra K
Published 11 Apr, 2019 12:00am
Lanning calls for more women's Test cricket

Lanning calls for more women's Test cricket

Australia captain Meg Lanning has called for more women's Test cricket to build on the game's growing momentum, and said India was key to boosting the number of red-ball matches. There has only been one women's Test in the last three years, with the inter
Published 11 Apr, 2019 12:00am
Nike make Moukoko a millionaire

Nike make Moukoko a millionaire

Borussia Dortmund's 14-year-old prodigy Youssoufa Moukoko has signed a one-million-dollar sponsorship deal with Nike, according to a report in German tabloid Bild. The young striker has been making waves in Dortmund's youth system, scoring 36 goals in 21
Published 11 Apr, 2019 12:00am
Liverpool ease past Porto to close on Champions League semis

Liverpool ease past Porto to close on Champions League semis

Liverpool closed in on a Champions League semi-final meeting with Barcelona or Manchester United after sweeping aside Porto 2-0 in the first leg of their quarter-final tie at Anfield. Far from the late drama that has accompanied the Red's Premier League t
Published 11 Apr, 2019 12:00am
Warner's ego must be managed: South Africa's Smith

Warner's ego must be managed: South Africa's Smith

Former South African captain Graeme Smith has some advice for Australia coach Justin Langer - make sure David Warner's ego is managed if he starts to "get bigger than everybody else". The polarising opener, on the comeback trail after a one-year ban for b
Published 11 Apr, 2019 12:00am
Four year ban for India's Asian champion shot putter

Four year ban for India's Asian champion shot putter

Asian shot put champion Manpreet Kaur has been banned for four years by India's anti-doping agency after failing a series of drug tests in 2017. Kaur, 29, will lose the gold medal she won at the 2017 Asian Championships with her suspension backdated to Ju
Published 11 Apr, 2019 12:00am
Kohli named among Wisden's Cricketers of the Year

Kohli named among Wisden's Cricketers of the Year

Virat Kohli was Wednesday named as one of Wisden's Five Cricketers of the Year and also became the first player to win the award for leading cricketer in the world in three successive years. The India captain put to bed questions over his ability to thriv
Published 11 Apr, 2019 12:00am
Wisden lashes out at new 100-ball cricket competition

Wisden lashes out at new 100-ball cricket competition

English cricket's controversial new 100-ball competition has been compared unfavourably with Brexit in the latest edition of Wisden, which says the innovation has "hung over the game like the Sword of Damocles". The 156th edition of the Wisden Cricketers'
Published 11 Apr, 2019 12:00am
Japan Olympic minister steps down after gaffes

Japan Olympic minister steps down after gaffes

Japan's minister in charge of the Tokyo 2020 Olympics stepped down on Wednesday after comments seen as hurtful to survivors of the 2011 tsunami, the latest in a series of gaffes. Yoshitaka Sakurada's resignation comes less than 500 days before Tokyo hosts
Published 11 Apr, 2019 12:00am
Soccer talent hunt trials held

Soccer talent hunt trials held

As a part of national talent hunt programme, soccer stars in collaboration with Pakistan Football Federation (PFF) conducted trials here on Wednesday.
Published 11 Apr, 2019 12:00am
Bar Council win Sehat Muhafiz Cricket Cup

Bar Council win Sehat Muhafiz Cricket Cup

To highlight the importance of vaccination and involve multiple stakeholders as advocates for polio vaccination a day long Sehat Muhafiz Cricket tournament was organized by Emergency Operations Center Khyber Pakhtunkhwa in collaboration with District Mana
Published 11 Apr, 2019 12:00am
UK economy grows as factories get boost from pre-Brexit stockpiling

UK economy grows as factories get boost from pre-Brexit stockpiling

Britain's economy unexpectedly grew in February, helped by clients of manufacturers rushing to stockpile goods ahead of Brexit, official data showed on Wednesday. Gross domestic product grew by 0.2 percent from January, the Office for National Statistics
Published 11 Apr, 2019 12:00am
Big US bank CEOs grilled on Capitol Hill

Big US bank CEOs grilled on Capitol Hill

CEOs of giant US banks were grilled Wednesday on their swelling pay packages, lending to gun makers and other hot-button issues in the industry's biggest congressional once-over since the financial crisis. Representative Maxine Waters, a California Democr
Published 11 Apr, 2019 12:00am
US charges pummel drugmaker Indivior, hurt Reckitt

US charges pummel drugmaker Indivior, hurt Reckitt

Indivior Plc lost nearly three-quarters of its stock market value on Wednesday and former parent Reckitt Benckiser also fell after the US Justice Department accused the British drugmaker of illegally boosting prescriptions for its blockbuster opioid addic
Published 11 Apr, 2019 12:00am
US government posts $147 billion deficit

US government posts $147 billion deficit

The US federal government posted a $147 billion budget deficit in March, according to data released on Wednesday by the Treasury Department. Analysts polled by Reuters had expected a $180 billion deficit for the month.
Published 11 Apr, 2019 12:00am
US consumer prices post biggest increase in 14 months

US consumer prices post biggest increase in 14 months

US consumer prices increased by the most in more than a year in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth. The Labour Department said on Wednesday its Consumer Price Index rose 0.4
Published 11 Apr, 2019 12:00am
US urges IMF reforms, rejects funding increase

US urges IMF reforms, rejects funding increase

The International Monetary Fund, like governments around the world, has to learn to do more with less and needs to be more effective, US Treasury Secretary Steven Mnuchin said Wednesday. Key among the needed reforms is a focus on conditions for financial
Published 11 Apr, 2019 12:00am
IMF warns rising debt makes economy more vulnerable

IMF warns rising debt makes economy more vulnerable

Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday. While the concerns "aren't all setting off ala
Published 11 Apr, 2019 12:00am
Tesco posts rising profit

Tesco posts rising profit

British supermarket king Tesco on Wednesday registered a nine-percent increase in annual net profits, helped by cost-cutting and its acquisition of wholesaler Booker. The nation's biggest retailer posted the gains during a tough time for British high stre
Published 11 Apr, 2019 12:00am
Tesco posts rising profit

Tesco posts rising profit

British supermarket king Tesco on Wednesday registered a nine-percent increase in annual net profits, helped by cost-cutting and its acquisition of wholesaler Booker. The nation's biggest retailer posted the gains during a tough time for British high stre
Published 11 Apr, 2019 12:00am
Airbus flies into new era with change of boss

Airbus flies into new era with change of boss

Frenchman Guillaume Faury took over as CEO of European aerospace giant Airbus on Wednesday, looking to benefit from the current troubles of rival Boeing and limit potential disruption from Brexit and US President Donald Trump's trade threats. The 51-year-
Published 11 Apr, 2019 12:00am
Turkey unveils reform package to revive growth
Currency

Turkey unveils reform package to revive growth

Turkey's government on Wednesday said it would increase support for state banks, bring in measures to curb inflation and overhaul taxes as part of reforms aimed at tackling an economic slowdown. Turkey slipped into recession for the first time in a decade
Published 11 Apr, 2019 12:00am
Shell exits Russian LNG joint venture with Gazprom

Shell exits Russian LNG joint venture with Gazprom

Energy giant Shell on Wednesday announced that it is leaving the joint project it was developing with Gazprom in Russia, following the Russian gas company's decision to alter its configuration. "Following Gazprom's announcement on March 29 regarding the f
Published 11 Apr, 2019 12:00am
OECD warns of 'worrying' drop in development aid

OECD warns of 'worrying' drop in development aid

The world's wealthiest governments provided less aid last year and those countries needing most help got a smaller share of available funds, the Organization for Economic Cooperation and Development said Wednesday.
Published 11 Apr, 2019 12:00am
ECB sticks to wait-and-see course as threats persist
Currency

ECB sticks to wait-and-see course as threats persist

Beset by looming political risks and weaker global growth weighing on the eurozone, the European Central Bank played for time Wednesday on multiple fronts in hopes of a clearer picture in June. ECB president Mario Draghi told reporters in Frankfurt, "righ
Published 11 Apr, 2019 12:00am
Dubai index nears five-month high, most major Gulf markets rise
Currency

Dubai index nears five-month high, most major Gulf markets rise

Dubai's stock market rose for the tenth straight session on Wednesday, lifted by its financial shares, while Abu Dhabi was pulled lower by its top lender First Abu Dhabi Bank. The Dubai index gained 0.2 percent, hovering around five-month high, with Emaar
Published 11 Apr, 2019 12:00am
Tokyo stocks lower on trade worries
Currency

Tokyo stocks lower on trade worries

Tokyo stocks closed lower on Wednesday amid a flare-up in trade tensions between the United States and Europe, with investors eying a press conference by the European Central Bank president. The benchmark Nikkei 225 index fell 0.53 percent or 115.02 point
Published 11 Apr, 2019 12:00am
Wednesday's early afternoon trade: S&P, Nasdaq edge higher

Wednesday's early afternoon trade: S&P, Nasdaq edge higher

Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday, ahead of the release of the Federal Reserve's minutes from its latest policy meeting, while a drop in Boeing shares kept the Dow lower. The modest gains on the main indexes follow a US Labo
Published 11 Apr, 2019 12:00am
Wall Street drops on US-EU trade tensions, IMF outlook

Wall Street drops on US-EU trade tensions, IMF outlook

Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook. All three major US stock indexes
Published 11 Apr, 2019 12:00am
Indian shares fall

Indian shares fall

Indian shares edged lower on Wednesday as investors traded with caution after the International Monetary Fund (IMF) lowered global economic growth outlook. Losses in financials also weighed on the main board.
Published 11 Apr, 2019 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields slid on Tuesday amid renewed concerns about a trade dispute between the United States and the European Union, as well as worries about the global economic outlook after the International Monetary Fund reduced growth forecasts for 2019.
Published 11 Apr, 2019 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields slid on Tuesday amid renewed concerns about a trade dispute between the United States and the European Union, as well as worries about the global economic outlook after the International Monetary Fund reduced growth forecasts for 2019.
Published 11 Apr, 2019 12:00am
Australian shares barely move, New Zealand slips

Australian shares barely move, New Zealand slips

Australian shares were stuck in neutral on Wednesday, with risk appetites taking a sharp hit after the IMF downgraded its global growth forecast a third time since October, rattling investors. The International Monetary Fund said the US-China trade war an
Published 11 Apr, 2019 12:00am
China stocks surge

China stocks surge

Chinese stocks recouped earlier losses to end higher on Wednesday, boosted by strength in consumer and healthcare companies. The blue-chip CSI300 index rose 0.3 percent, to 4,085.85, while the Shanghai Composite Index closed up 0.1 percent at 3,241.93 poi
Published 11 Apr, 2019 12:00am
European stocks tick up post ECB decision, banks fall

European stocks tick up post ECB decision, banks fall

European shares rose slightly on Wednesday as gains across most sectors offset losses among lenders, which were hit by a lack of detail in European Central Bank (ECB) comments after the bank left borrowing costs unchanged. The ECB's decision on rates matc
Published 11 Apr, 2019 12:00am
Southeast Asian markets subdued

Southeast Asian markets subdued

Most Southeast Asian stock markets were subdued on Wednesday as investors exercised caution after the International Monetary Fund (IMF) downgraded its outlook on global economy and as Washington said it was considering tariffs on European goods. Amid conc
Published 11 Apr, 2019 12:00am
FTSE inches lower, Brexit summit in focus; Indivior tanks

FTSE inches lower, Brexit summit in focus; Indivior tanks

The FTSE 100 edged lower on Wednesday as investors remained cautious in light of a new US-EU trade tussle and a Brexit summit, while a US indictment wiped out two-thirds of drugmaker Indivior's value and dragged down its former parent Reckitt Benckiser. T
Published 11 Apr, 2019 12:00am
Yen remains in demand in Asia
Currency

Yen remains in demand in Asia

The safe-haven yen remained in demand on Wednesday as investor caution prevailed due to fresh US-Europe trade tensions and the International Monetary Fund's downgrade of its global economic outlook. Most major currencies were locked in narrow trading rang
Published 11 Apr, 2019 12:00am
Norway's crown climbs against euro in Europe
Currency

Norway's crown climbs against euro in Europe

The Norwegian crown held at its highest level against the euro in five months on Wednesday after stronger-than-expected inflation data raised expectations of another interest rate hike from the central bank in the coming months.
Published 11 Apr, 2019 12:00am
Early trade in New York: Euro slips as Draghi highlights risks
Currency

Early trade in New York: Euro slips as Draghi highlights risks

The euro fell on Wednesday as European Central Bank President Mario Draghi underscored the risks facing the euro zone economy, reinforcing bets on possible further stimulus to prevent the region from slipping into recession. The dollar enjoyed a respite f
Published 11 Apr, 2019 12:00am
Yen up in New York on US-Europe trade tension, IMF forecasts
Currency

Yen up in New York on US-Europe trade tension, IMF forecasts

The yen gained on Tuesday as traders favoured the safe-haven currency after the United States announced it was considering tariffs on $11 billion of European goods and the International Monetary Fund downgraded its outlook on the global economy.
Published 11 Apr, 2019 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian dollar firmed on Wednesday after a top central banker signalled the outlook for interest rates was still uncertain and stopped well short of adopting an outright easing bias as some had wagered on. The Aussie dollar hopped up 0.24 percent t
Published 11 Apr, 2019 12:00am
Most emerging Asian units stumble
Currency

Most emerging Asian units stumble

Most emerging Asian currencies slipped on Wednesday as the International Monetary Fund cut its global growth forecast and a trade conflict between the United States and Europe escalated. Investor risk appetites contracted as the IMF downgraded its global
Published 11 Apr, 2019 12:00am
Turkish lira briefly weakens

Turkish lira briefly weakens

Turkey's lira briefly weakened to 5.72 against the dollar as Finance Minister Berat Albayrak outlined a reform package on Wednesday aimed at reviving the economy, before returning to its previous level. The lira stood at 5.6815 at 0845 GMT, around the sam
Published 11 Apr, 2019 12:00am
Sterling strengthens

Sterling strengthens

Sterling strengthened on Wednesday but remained within its recent trading range as investors prepared for the European Union to grant Britain a second Brexit delay that, while reducing the threat of a 'no-deal' exit, creates new uncertainties. Brussels is
Published 11 Apr, 2019 12:00am
Bittrex virtual currency license rejected
Currency

Bittrex virtual currency license rejected

The New York Department of Financial Services said on Wednesday it has rejected the application of Bittrex, a US-based digital asset exchange, for a virtual currency license that it needs to operate in the state. In a statement, DFS said it denied Bittrex
Published 11 Apr, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,876. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.381 billion and the number of lots traded 5,558. Major business was contributed by NSDQ100 amoun
Published 11 Apr, 2019 12:00am
Asia's naphtha at seven-week low

Asia's naphtha at seven-week low

Asia's naphtha crack fell for a seventh session running to hit a seven-week low of $40.80 a tonne on Tuesday on persistently weaker fundamentals than a month ago. Naphtha arriving in Asia from the West, including Europe and the Mediterranean, in April is
Published 11 Apr, 2019 12:00am
European wheat futures fall after USDA report

European wheat futures fall after USDA report

European wheat futures in Paris fell on Tuesday as prices consolidated after recent export-fuelled gains and a closely watched US government crop forecast failed to excite the market. Benchmark May milling wheat on the Paris-based Euronext exchange unoffi
Published 11 Apr, 2019 12:00am
CBOT wheat futures fall to one week low

CBOT wheat futures fall to one week low

Chicago Board of Trade wheat futures fell to a one week low on Tuesday, pressured by improving US crop ratings and rising global stockpiles, traders said. CBOT May soft red winter wheat settled down 5-3/4 cents at $4.59-1/2 per bushel.
Published 11 Apr, 2019 12:00am
China's steel, iron ore futures extend seven-day rally

China's steel, iron ore futures extend seven-day rally

Steel and iron ore futures in China extended their rally to the seventh session on Tuesday, with rebar hitting its highest since 2011, amid increased demand from construction sector and with steelmaking raw material iron ore marking another record. Steel
Published 11 Apr, 2019 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 190,411 tonnes of cargo comprising 136,792 tonnes of import cargo and 53,619 tonnes of export cargo including 9,272 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 11 Apr, 2019 12:00am
Cotton yarn rates firm on sustained buying
Cotton

Cotton yarn rates firm on sustained buying

Prices of yarn firmed on the cotton market on Wednesday on sustained buying in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8,800, they added. In the ready session, 5000 bales of cotton finalised between Rs 835
Published 11 Apr, 2019 12:00am
CBOT soyabean futures steady

CBOT soyabean futures steady

Chicago Board of Trade soyabean futures closed mostly steady on Tuesday as the US Department of Agriculture's monthly supply/demand report failed to stir the market. CBOT May soyabeans settled unchanged at $8.98-3/4 per bushel, with deferred contracts nar
Published 11 Apr, 2019 12:00am
CBOT corn futures steady

CBOT corn futures steady

Chicago Board of Trade corn futures ended steady on Tuesday as short-covering and worries about US planting delays offset pressure from a larger-than-expected monthly US Department of Agriculture (USDA) forecast of US 2018/19 ending stocks, traders said.
Published 11 Apr, 2019 12:00am
Angela Merkel's mother has died

Angela Merkel's mother has died

German chancellor Angela Merkel's mother, Herlind Kasner, has died, a government spokesman said Wednesday. "Herlind Kasner, the mother of the chancellor, has died," the spokesman said, without providing further details. The former Latin and English teache
Published 11 Apr, 2019 12:00am
Last 'Doolittle' raider who struck Japan in WWII dies

Last 'Doolittle' raider who struck Japan in WWII dies

The last surviving member of a morale-boosting secret United States air raid that stunned Japan during World War II has died. Lieutenant Colonel Dick Cole "has slipped the surly bonds of Earth & reunited w/his fellow Doolittle Raiders," General Dave Goldf
Published 11 Apr, 2019 12:00am
Jailed Reuters journalists win UN press freedom prize

Jailed Reuters journalists win UN press freedom prize

The United Nations' cultural agency said Wednesday that it had awarded its annual press freedom prize to two Reuters reporters jailed in Myanmar over their reporting on the killings of Rohingya Muslims in the country. Wa Lone and Kyaw Soe Oo have been beh
Published 11 Apr, 2019 12:00am
Pence asks UN to recognize Guaido as Venezuela's leader

Pence asks UN to recognize Guaido as Venezuela's leader

US Vice President Mike Pence on Wednesday asked the United Nations to recognize Juan Guaido as the legitimate leader of Venezuela, telling the Security Council: "Nicolas Maduro must go." Washington will present a draft UN resolution aimed at recognizing t
Published 11 Apr, 2019 12:00am
No 'arbitrary deadline' in US-China trade talks: Mnuchin

No 'arbitrary deadline' in US-China trade talks: Mnuchin

There is no "arbitrary deadline" to conclude the US-China trade talks, US Treasury Secretary Steven Mnuchin said Wednesday, a week after President Donald Trump said the talks were due to take another month. "We're not going to set an arbitrary deadline,"
Published 11 Apr, 2019 12:00am
Iraq offers to try foreign IS suspects, for a price

Iraq offers to try foreign IS suspects, for a price

Iraq has offered to put on trial hundreds of accused foreign jihadists in Baghdad in exchange for millions of dollars, potentially solving a legal conundrum for Western governments but sparking rights concerns. Western countries have been rocked by fierce
Published 11 Apr, 2019 12:00am
French sculptor Claude Lalanne dies

French sculptor Claude Lalanne dies

The French artist Claude Lalanne, part of the Lalanne sculptor couple whose surreal yet often functional works are highly prized by collectors, died on Wednesday aged 93, her agent told AFP. For decades Lalanne formed a distinctive duo with her fellow scu
Published 11 Apr, 2019 12:00am
Khashoggi family denies settlement with Saudi government

Khashoggi family denies settlement with Saudi government

The family of murdered journalist Jamal Khashoggi denied Wednesday being in talks to reach a settlement out of court with Saudi authorities following reports that his sons had taken payouts. "Currently, the trial is taking place and no settlement discussi
Published 11 Apr, 2019 12:00am
China and North Korea open new border crossing

China and North Korea open new border crossing

A Chinese city has opened a new border crossing with North Korea - fitted with radiation detectors - even as talks between Washington and Pyongyang have languished over disagreements for nuclear sanctions relief. The new highway border crossing opened in
Published 11 Apr, 2019 12:00am
Trump's 'coup' charge fuels assault on Russia probe

Trump's 'coup' charge fuels assault on Russia probe

Donald Trump called the probe into his campaign's Russia links an attempted "coup" Wednesday, while his attorney general promised to investigate FBI "spying" on the president. More than two weeks after the probe wrapped up, apparently putting him in the c
Published 11 Apr, 2019 12:00am
Zinc moves higher, copper down

Zinc moves higher, copper down

Zinc touched a two-week low on Wednesday on concerns that Chinese smelters will ramp up output, but prices were supported by a shortage of immediately available material on the London Metal Exchange (LME). Benchmark zinc on the LME closed 0.4 percent up a
Published 11 Apr, 2019 12:00am
Oil rallies as US gasoline inventory draw offsets crude build

Oil rallies as US gasoline inventory draw offsets crude build

Oil futures climbed more than 1 percent on Wednesday after US data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela's crude supply. International
Published 11 Apr, 2019 12:00am
Tokyo rubber up on China's stimulus policies

Tokyo rubber up on China's stimulus policies

Tokyo Commodity Exchange (TOCOM) futures rose on Wednesday, tracking strong Shanghai futures, amid hopes from China's stimulus policies to promote car consumption. The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery finis
Published 11 Apr, 2019 12:00am
Palm oil falls more than 2 percent
Vegetable Oil

Palm oil falls more than 2 percent

Malaysian palm oil futures fell more than 2 percent to a one-week low in evening trade on Wednesday as an official data release from the Malaysian Palm Oil Board (MPOB) showed that March end-stocks and output were higher than forecast.
Published 11 Apr, 2019 12:00am
Raw sugar, arabica coffee inch higher
Currency

Raw sugar, arabica coffee inch higher

Raw sugar futures on ICE rose on Wednesday, supported by stronger energy markets while arabica coffee firmed as it consolidated above last week's 13-year low. May raw sugar settled up 0.03 cent, or 0.2 percent, at 12.81 cents per lb.
Published 11 Apr, 2019 12:00am
Gold hits highest in more than a week in New York

Gold hits highest in more than a week in New York

Gold rose to its highest in more than a week on Tuesday as the dollar and equities weakened after the International Monetary Fund cut its global economic growth forecasts for the year, with increased buying by central banks lending further support. Spot g
Published 11 Apr, 2019 12:00am
Gold near two-week peak in Asia

Gold near two-week peak in Asia

Gold prices edged lower on Wednesday, but traded near the previous session's two-week peak as equities slipped after the International Monetary Fund (IMF) cut its global growth outlook and on trade tensions between the United States and Europe. Spot gold
Published 11 Apr, 2019 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold held steady near a two-week high on Wednesday as world equities retreated after the International Monetary Fund (IMF) cut its global growth outlook ahead of the release of minutes from the US Federal Reserve's March meeting.
Published 11 Apr, 2019 12:00am
US MIDDAY: corn, soya up a bit

US MIDDAY: corn, soya up a bit

US corn and soyabean futures were higher on Wednesday on light technical buying as a blizzard bore down on portions of the Plains and Midwest, threatening to delay plantings, analysts said. Wheat futures declined and were on pace for a fifth straight lowe
Published 11 Apr, 2019 12:00am
US MIDDAY: gold hits two-week peak

US MIDDAY: gold hits two-week peak

Gold hit a near two-week high on Wednesday, supported by softer US economic data and as the European Central Bank reinforced an accommodative monetary policy, with focus turning to the minutes from the US Federal Reserve's March meeting.
Published 11 Apr, 2019 12:00am
BankIslami Pakistan signs MoU with NUST

BankIslami Pakistan signs MoU with NUST

BankIslami Pakistan Limited has signed a Memorandum of Understanding (MoU) with National University of Sciences & Technology (NUST), one of the leading universities of the country. The MoU signing ceremony was held at the Head Office of BankIslami Pakista
Published 11 Apr, 2019 12:00am
Kazakhstan urged to facilitate access of Pakistani commodities

Kazakhstan urged to facilitate access of Pakistani commodities

President Dr Arif Alvi has said that Pakistan and Kazakhstan enjoy close and cordial relations based on the foundations of shared faith, culture and heritage. The President said this while talking to Ambassador of Kazakhstan, HE BarlybaySadykov, who calle
Published 11 Apr, 2019 12:00am
CDA auctions eight commercial plots on third day

CDA auctions eight commercial plots on third day

Capital Development Authority (CDA) auctioned commercial plots in different developed sectors of the federal capital on Wednesday. During the third day of auction, eight (08) commercial plots were auctioned at Rs 4,048 million while 31 residential plots w
Published 11 Apr, 2019 12:00am
Parliamentary body apprised about JKSDMI activities

Parliamentary body apprised about JKSDMI activities

A group of Jammu Kashmir Self-Determination Movement International (JKSDMI) headed by its Chairman Raja Najabat Hussain along with former member of Gilgit-Baltistan Assembly Amna Ansari called on Chairman Parliamentary Committee on Kashmir Syed Fakhar Ima
Published 11 Apr, 2019 12:00am
TDAP's second edition of TEXPO begins today

TDAP's second edition of TEXPO begins today

Trade Development Authority of Pakistan (TDAP) is organizing the 2nd Edition of TEXPO from April 11 to 14, at Lahore Expo Centre. This was announced by Secretary TDAP Muhammad Sualeh Ahmed Faruqui on Wednesday in a press conference. Director General's Sye
Published 11 Apr, 2019 12:00am
PSCA starts test run of PUCAR-15 to reform response mechanism

PSCA starts test run of PUCAR-15 to reform response mechanism

"With an aim to reform police response mechanism, the Punjab Safe Cities Authority (PSCA) has started test-run of the Punjab Unified Communication and Response (PUCAR-15) to record and monitoring all the complaints received on Police helpline 15 from all
Published 11 Apr, 2019 12:00am
FTA with China to be signed during PM's visit: envoy

FTA with China to be signed during PM's visit: envoy

Prime Minister Imran Khan will visit China in last week of April to sign second phase of Free Trade Agreement (FTA) between Pakistan and China, said Yao Jing, Ambassador of People's Republic of China.
Published 11 Apr, 2019 12:00am
PM, Buzdar discuss Punjab's administrative issues

PM, Buzdar discuss Punjab's administrative issues

Punjab Chief Minister Sardar Usman Buzdar called on Prime Minister Imran Khan on Wednesday and discussed political situation, administrative issues of the province and steps being taken to facilitate the masses besides reforms agenda being pursued by the
Published 11 Apr, 2019 12:00am
'Increase of Rs 5 per 20kg flour bag inevitable'

'Increase of Rs 5 per 20kg flour bag inevitable'

Pakistan Flour Mills Association (Punjab) Chairman Habib-ur-Rehman Leghari has said that an increase of Rs5 per 20 kilograms flour bag is inevitable because of increase in petroleum products prices and other expenses of the flour-milling industry. He also
Published 11 Apr, 2019 12:00am
Trust-deficit exists over spending tax money, admits minister

Trust-deficit exists over spending tax money, admits minister

Punjab Minister for Finance Makhdoom Hashim Jawan Bakht said that there is a certain degree of trust deficit among the general public regarding the way the tax money is spent which we need to remove by ensuring transparency and giving confidence to the ta
Published 11 Apr, 2019 12:00am
Rain-related incidents claim 26 lives in KP

Rain-related incidents claim 26 lives in KP

At least six people, including a child, were killed, 26 injured in rain-related incidents in various areas of Khyber Pakhtunkhwa. In Peshawar, three persons were killed and 19 others injured due to thunder storm and torrential rains while three houses wer
Published 11 Apr, 2019 12:00am
AJK president highlights importance of technical education

AJK president highlights importance of technical education

President Azad Jammu & Kashmir Sardar Masood Khan Wednesday highlighted importance of technical and professional education, research and innovation among the young generation to create job opportunities and spur economic growth.
Published 11 Apr, 2019 12:00am
PM likely to visit Iran shortly

PM likely to visit Iran shortly

Prime Minister Imran Khan is expected to make a maiden visit to Iran ahead of his 27 April scheduled visit to China. "The precise date for the visit has not yet been finalised but it is confirmed that the Prime Minister will undertake a maiden visit to Te
Published 11 Apr, 2019 12:00am
Auto sales up by 2 percent

Auto sales up by 2 percent

The auto sales are up by 2 percent YoY in March 2019 led by higher sales from Pak Suzuki Motor Company (PSMC), according to Topline.
Published 11 Apr, 2019 12:00am