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
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
European wheat prices edged lower on Monday in the wake of a fall on US market but a weak euro against a dollar that makes European grains more competitive kept a floor on prices, traders said. New crop September milling wheat on Paris-based Euronext, was
Copper prices rose on Tuesday as investors bet that top consumer China would respond to weak factory data by implementing fresh stimulus measures. Zinc also gained more than 1 percent as surging premiums for cash metal on the London Metal Exchange (LME) p
Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela's president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer's o
South Africa is expected to harvest 15 percent less maize in 2019 compared to the previous season after dry conditions delayed plantings, the government's Crop Estimates Committee (CEC) said on Thursday. The CEC, which gave its third estimate for the 2018
Malaysian palm oil futures fell to its lowest in six weeks on Tuesday, recording a fourth consecutive day of declines, due to a bearish outlook for stocks from a leading palm oil analyst. Dorab Mistry had forecast on Monday evening that Malaysia's palm oi
Argentine officials are in China this week, promoting the country's soyameal products to win over local buyers and gain long sought approval from Beijing to sell soya-based livestock feed to the world's top consumer. China is the No. 1 buyer of Argentine
Raw sugar prices on ICE rallied on Tuesday after hitting seven-week lows in the previous session as the market came under pressure ahead of the front-month contract expiry, while London cocoa touched a nine-month high. July raw sugar rose 0.22 cents, or 1
Palladium on Monday slumped about 7 percent, its biggest daily percentage drop in over two-years, while gold also fell as strong US data improved investors' appetite for riskier assets ahead of the US Federal Reserve policy meeting. Spot palladium slid ab
Gold prices edged up on Tuesday as disappointing Chinese factory activity data brought back concerns about the health of the global economy, denting risk appetite. Spot gold rose 0.4 percent to $1,285 per ounce at 0943 GMT. US gold futures were up 0.4 per
Gold prices firmed on Tuesday as the dollar slipped to a one-week low, making bullion more attractive, with investors awaiting an interest rate decision by the US Federal Reserve. Spot gold rose 0.1 percent to $1,280.47 per ounce as of 10:48 am EDT (1448
US soyabean futures fell for a third straight session on Tuesday and struck fresh contract lows in most months as burdensome global stocks and sluggish US exports dragged prices lower, triggering technical selling. Wheat futures, too, posted contract lows
Gold prices firmed on Tuesday as the dollar slipped to a one-week low, making bullion more attractive, with investors awaiting Federal Reserve's interest rate decision this week to gauge the outlook for US monetary policy. Spot gold rose 0.3 percent to $1
Asia's naphtha crack fell for a fourth straight session to hit a one-week low of $53.63 a tonne on Monday as weakness in the European market countered demand in the East. The European naphtha market has been under pressure from weak demand amid maintenanc
US wheat futures fell to contract lows on Monday as rain in the US Plains and favorable crop weather in key production areas around the world was seen boosting global harvest prospects. CBOT July soft red winter (SRW) wheat settled down 7-1/4 cents at $4.
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,830. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.248 billion and the number of lots traded 8,678.
Chicago Board of Trade (CBOT) corn futures firmed on Monday as rainy weather in the US Midwest and forecasts for more rain throughout this week fuelled concerns about prolonged spring planting delays, traders said. CBOT July corn settled up 1/2 cent at $3
Below-average rain in most of Ivory Coast's cocoa regions last week could reduce the size and quality of the April-to-September mid-crop, farmers said on Monday. The rainy season in the world's top cocoa producer runs from mid-March to late October, with
Chicago Board of Trade soyabean futures closed lower on Monday on plentiful US supplies and big South American harvests that are expected to create stiff headwinds for US soya exports. Rainy weather delaying US corn planting, which could shift more acres
Iron ore futures in China rebounded on Monday after a four-session slump, bolstered by stockpiling demand ahead of Labour Day holidays beginning May 1, while steel prices edged higher as concerns persist over production curbs. The most-traded September 20
The Karachi Port handled 102,266 tonnes of cargo comprising 70,392 tonnes of import cargo and 31,874 tonnes of export cargo including 6,057 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 70
Official spot rate was down modestly on the cotton market on Tuesday in the process of trading activity, dealers said. The official spot rate was down by Rs 50 Rs 8950, they added. In the ready session, over 3000 bales of cotton changed hands between Rs 6
European wheat prices edged lower on Monday in the wake of a fall on US market but a weak euro against a dollar that makes European grains more competitive kept a floor on prices, traders said. New crop September milling wheat on Paris-based Euronext, was
Karandaaz Pakistan's latest study provides an in-depth analysis and evaluation of Pakistan's medical diagnostic equipment market for clinical laboratories that fall into the category of small and medium enterprises. It also includes an assessment of avail
Speakers at a consultative meeting called for all the concerned stakeholders' coordinated efforts to control air pollution which they termed a silent killer.
Muttahida Majlis-e-Amal (MMA) sole legislator in Sindh Assembly asked the provincial government on Tuesday to step up efforts to help the families of windstorm-affected fishermen because dozens of the seafarers are still missing while 60 died in the marit
Recipient of Tamgha-e-Imtiaz, Syed Masood Hashmi, Chief Executive, Orientm McCann, elected unopposed as President of Marketing Association of Pakistan (MAP) at a local hotel in the 49th Annual General Meeting.
Byco Petroleum Pakistan Ltd (BPPL), Pakistan's leading oil company, has announced its nine months financial results for the period ending on 31 March 2019.
Mercury on Tuesday surged to 41.5 degrees Celsius, as hot waves battered the city at a speed of 16 nautical miles an hour, according to the Met Office.
China's factory activity softened in April, official data showed Tuesday, in the latest sign that the world's second-largest economy remains on uneven footing despite a raft of government stimulus measures.
Samsung Electronics, the world's biggest smartphone and memory chip maker, reported a slump in first-quarter net profits Tuesday, in the face of a weakening chip market and rising competition.
British energy giant BP said Tuesday that first-quarter net profits jumped by almost a fifth, as rising production and lower costs eclipsed the impact of weaker oil and gas prices.
European aerospace giant Airbus on Tuesday reported a slump in first-quarter net profit, hit by Germany's freeze on weapons exports to Saudi Arabia and its own decision to stop building the loss-making A380 super-jumbo.
US labour costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labour market tightens.
Los Angeles 2028 Olympics chiefs on Tuesday unveiled details of the $6.9 billion budget for the Games, vowing to deliver the spectacle without cost overruns that have dogged recent editions of the extravaganza. A statement from LA 2028 said the city's Oly
The selection committee of the Pakistan Disabled Cricket Association (PDCA) Muhammad Jawed will announce the Pakistan team for the tour of England in August here on Thursday 2nd of May.
An Australian-born cricketer who raped a woman he found "dozing" in his teammate's bedroom was jailed for five years by an English court on Tuesday. Alex Hepburn, 23, was convicted following an attack that took place during the first night of a sexual con
The final of 42nd All Pakistan Intervarsity Squash (Men) Championship 2018-19 was won 2-0 by University of the Punjab after outplaying the defending champions, University of Peshawar. The third and fourth positions were clinched by University of Karachi a
Former Czech footballer Tomas Repka, who played for Fiorentina and West Ham, was sentenced Tuesday to two years in prison for fraud. An appeals court added nine months to the 15-month sentence originally handed down in February against Repka, 45, for sell
Australia batsman David Warner on Tuesday predicted a high-scoring World Cup in the uncertain English conditions. Warner headed off to the Australian camp after ending his Indian Premier League with a 56-ball 81 to help Sunrisers Hyderabad thrash Kings XI
Easy sailing for top seeded players in the ongoing All Pakistan National Men Senior Squash Championship being played here at PAF Hashim Khan Squash Complex on Tuesday. President KP Squash Association Qamar Zaman also present on this occasion and witnessed
International Taimur Naseer becomes the first golfer of Pakistan by creating a record of 28 under 260 over 72 holes in the Inter-Services Golf Championship, which concluded here at PAF Golf Course on Tuesday.
The dollar held to tight ranges in holiday-thinned Asian trade on Tuesday, though its Australian counterpart eased as disappointing readings on Chinese manufacturing tempered hopes for a rapid rebound in global growth.
The euro extended gains to top $1.12 on Tuesday after first quarter growth numbers for the euro zone were stronger than expectations, dispersing some of the negativity surrounding the outlook for the single currency. Eurozone economic growth was stronger
The euro climbed to a one-week high against the dollar on Tuesday after first-quarter economic growth figures on the euro zone beat market expectations, dispelling some pessimism over the zone's common currency. Mixed US data and caution ahead of a two-da
The dollar fell against a basket of currencies on Monday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback. Most major currencies held in tight ranges on light tr
The Sri Lankan rupee closed weaker for the fifth consecutive session on Tuesday, as security alerts on possible further attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fifth day after hitting a
South Korea's won fell to its weakest in more than two years on risk aversion after bearish readings on China manufacturing activity on Tuesday, although India's rupee and Philippine peso were resilient on softer oil prices.
Most Latin American stocks and currencies fell on Tuesday, with assets in Argentina the exception, a day after the country's central bank said it would ease limits on its interventions in the currency market.
Sterling rose above $1.30, hitting a two-week high, on Tuesday after media reports that the tone of Brexit talks between the British government and the main opposition party had improved.
The Abu Dhabi stock market fell sharply on Tuesday, dragged down by First Abu Dhabi Bank(FAB), while the Saudi index was lifted by its cement producers. Abu Dhabi's index dropped 1.4 percent as First Abu Dhabi, the UAE's largest bank, shed 2.4 percent aft
The S&P 500 and the Nasdaq on Tuesday retreated from all-time highs hit in the previous session, after shares of Google-parent Alphabet tumbled following a revenue miss and Apple dropped ahead of its results. The two major indexes broke above record level
The S&P 500 and the Nasdaq on Tuesday retreated from all-time highs hit in the previous session, after shares of Google-parent Alphabet tumbled following a revenue miss and Apple dropped ahead of its results. The two major indexes broke above record level
The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign.
Hong Kong shares ended weaker on Tuesday, dented by declines in property and energy stocks, as investors awaited fresh market stimulus after decent gains so far this year. The Hang Seng index closed 0.7 percent lower at 29,699.11, while the China Enterpri
Most Southeast Asian stock markets advanced on Tuesday as disappointing China factory data stoked optimism that Beijing would continue to provide policy stimulus to boost growth. Official data showed that manufacturing activity in the world's second-large
Australian shares ended at a one-week low on Tuesday as energy and mining stocks dropped sharply after disappointing factory data from China highlighted weakness in the world's second-largest economy.
China stocks rose on Tuesday despite lacklustre factory activity data, with some analysts saying that sharp corrections recently have largely reflected expectations of a slower economic growth.
European shares closed little changed on Tuesday as a decline in banks after disappointing earnings was countered by gains in oil stocks and a 21 percent surge in chipmaker AMS.
Indian shares closed slightly lower on Tuesday, with Yes Bank Ltd posting its biggest ever drop as rising bad loans dragged the private-sector lender to a shock quarterly loss. The broader NSE index ended 0.06 percent lower at 11,748.15, while the benchma
An unexpected slowdown in China's April factory activity coupled with a firmer pound weighed on the FTSE 100 as miners and exporters weakened, even as Standard Chartered surged on buyback plans.
Ghana on Tuesday rolled out the world's only proven malaria vaccine for infants as part of a landmark campaign against the deadly mosquito-borne disease, one week after Malawi became the first country to do so.
Israel reduced the offshore fishing limit it imposes for vessels operating out of Gaza from Tuesday following rocket fire from the territory by Palestinian militants, officials said. A number of fishing boats came under Israeli naval fire early Tuesday, t
Prime Minister Benjamin Netanyahu was sworn into Israel's new parliament on Tuesday following his victory in April 9 elections and will seek to form a governing coalition in the days ahead. Netanyahu was among the 120 members of the Knesset, or parliament
A senior North Korean official on Tuesday accused US Secretary of State Mike Pompeo of having "foolish and dangerous ideas", and warned Washington of an "unwanted outcome" if it does not adjust its stance on economic sanctions. Pyongyang and Washington ha
President Xi Jinping urged China's youth on Tuesday to be loyal to the Communist Party as he sought to whip up patriotic sentiment in a nationalist speech marking the centennial of a student protest. Xi delivered his hour-long plea at the Great Hall of th
A Chinese court sentenced a second Canadian man to death for drug trafficking on Tuesday, eliciting a rebuke from Canada's foreign minister, amid diplomatic tensions between Ottawa and Beijing. The court in southern Guangdong province said the Canadian, F
South Africa on Tuesday chastised the UN Security Council after it adopted a resolution on Western Sahara that it said was unbalanced and ignored African concerns. The US-drafted resolution extending the observer mission in Western Sahara was adopted by a
President Donald Trump said Tuesday the United States supports the "freedom" of the Venezuelan people, as the US-backed opposition leader Juan Guaido said troops had joined his campaign to oust President Nicolas Maduro. "The United States stands with the
Joe Biden has taken a commanding lead in the crowded 2020 Democratic presidential nomination race, polls showed Tuesday, boosting the former US vice president's standing as he began campaigning in early-voting Iowa. A CNN poll had Biden breaking away from
Venezuela's self-proclaimed acting president Juan Guaido claimed Tuesday that troops had joined his campaign to oust President Nicolas Maduro, whose government vowed to put down what it called an attempted coup by the US-backed opposition leader.
Pakistan and China being steady geo-political partners have very cordial relations. CPEC which is part of the Belt and Road Initiative promises even greater fortunes for us that would certainly prove to be a game changer.
The budget makers are seriously considering a proposal to abolish one percent Federal Insurance Fee on insurance premium in coming budget (2019-20). Sources told Business Recorder here on Tuesday that the Finance Division, Federal Board of Revenue
On Tuesday, Consul General JoAnne Wagner inaugurated the Electronic Beam (E-Beam) irradiation facility established through support from the United States Agency for International Development (USAID) funded US-Pakistan Partnerships for Agricultural Market
Centre for Peace, Security and Developmental Studies (CPSD) Karachi based public policy think tank organised a roundtable discussion on "18th Amendments: Pitfall and Opportunities' in Karachi. Speakers from academia, political parties, civil society membe