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Feb 01, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-16
NA speaker for special package for agriculture sector in budget

NA speaker for special package for agriculture sector in budget

The government will be requested to announce a special package for agriculture sector in budget for the next fiscal year to help small farmers and improve the agriculture output, speaker National Assembly Asad Qaiser stated on Wednesday.
Published 16 May, 2019 12:00am
China's steel futures hit five-week low
Exchange

China's steel futures hit five-week low

Chinese steel futures slumped to their lowest in more than five weeks on Tuesday as worries persist about demand amid heightened US-Sino trade tensions, even as the two sides expressed optimism in resolving their dispute.
Published 16 May, 2019 12:00am
Hearing in reference against Dar adjourned till May 22

Hearing in reference against Dar adjourned till May 22

The Accountability Court resumed hearing in a reference pertaining to assets beyond means case filed against former Finance Minister Ishaq Dar on Wednesday. Accountability Court Judge Justice Mohammad Bashir heard the case against the former finance minis
Published 16 May, 2019 12:00am
Asia's naphtha at three-month low

Asia's naphtha at three-month low

Asia's naphtha crack fell to three-month low of $33.90 a tonne while gasoline margin was at a three-session low of $4.47 a barrel as high supplies countered demand.
Published 16 May, 2019 12:00am
Over 13,000 Pakistanis studying in Australia: envoy
Exchange

Over 13,000 Pakistanis studying in Australia: envoy

Pakistan has over 13,000 students studying in Australia including those on Higher Education Commission (HEC) scholars and Australian Award recipients. This was stated by the High Commissioner for Pakistan, Babar Amin during his meeting with the Vice-Chanc
Published 16 May, 2019 12:00am
CBOT soyabean futures up on short-covering

CBOT soyabean futures up on short-covering

US soyabean futures bounced up more than 3.6% on Tuesday, after plunging to a decade low a day earlier, as planting delays in the Midwest crop belt and optimistic comments from the White House over the future of US-China trade talks sparked a round of sho
Published 16 May, 2019 12:00am
FM's absence from meeting irks NA body

FM's absence from meeting irks NA body

The National Assembly Standing Committee on Foreign Affairs Wednesday expressed displeasure over the absence of Foreign Minister Shah Mehmood Qureshi and Foreign Secretary Sohail Mahmood from the meeting, while members of the opposition parties walked out
Published 16 May, 2019 12:00am
Asia's naphtha at three-month low

Asia's naphtha at three-month low

Asia's naphtha crack fell to three-month low of $33.90 a tonne while gasoline margin was at a three-session low of $4.47 a barrel as high supplies countered demand.
Published 16 May, 2019 12:00am
Sindh police sign MoUs with educational institutions

Sindh police sign MoUs with educational institutions

The Sindh Police has initiated steps to provide quality education for the children of in-service and martyred police officials at different institutions either free of cost or on a 50 percent fee discount here in the metropolis.
Published 16 May, 2019 12:00am
Russian wheat export prices down

Russian wheat export prices down

Russian wheat export prices continued to fall last week as trading activity was depressed by national holidays in Russia and an ongoing shift among exporters to trading the new crop, analysts said.
Published 16 May, 2019 12:00am
Cotton rates stable on modest trade
Cotton

Cotton rates stable on modest trade

Prices halted further decline on the cotton market on Wednesday in the process of modest trading activity, dealers said. The official spot rate was unmoved at Rs 8650, they added. In the ready session, about 800 bales of cotton changed hands between Rs 88
Published 16 May, 2019 12:00am
Over 13,000 Pakistanis studying in Australia: envoy
Exchange

Over 13,000 Pakistanis studying in Australia: envoy

Pakistan has over 13,000 students studying in Australia including those on Higher Education Commission (HEC) scholars and Australian Award recipients. This was stated by the High Commissioner for Pakistan, Babar Amin during his meeting with the Vice-Chanc
Published 16 May, 2019 12:00am
Russian wheat export prices down

Russian wheat export prices down

Russian wheat export prices continued to fall last week as trading activity was depressed by national holidays in Russia and an ongoing shift among exporters to trading the new crop, analysts said.
Published 16 May, 2019 12:00am
NA speaker for special package for agriculture sector in budget

NA speaker for special package for agriculture sector in budget

The government will be requested to announce a special package for agriculture sector in budget for the next fiscal year to help small farmers and improve the agriculture output, speaker National Assembly Asad Qaiser stated on Wednesday.
Published 16 May, 2019 12:00am
Brazil's sugar forecast cut to 27.8 million tonnes

Brazil's sugar forecast cut to 27.8 million tonnes

Brazil's center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday.
Published 16 May, 2019 12:00am
Economic activities being promoted in Punjab: minister

Economic activities being promoted in Punjab: minister

Provincial Minister Industries, Trade and Investment Mian Aslam Iqbal has said that the provincial government is taking effective steps for promoting economic and business activities in the province He stated this while presiding over a meeting regarding
Published 16 May, 2019 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 176,217 tonnes of cargo comprising 130,435 tonnes of import cargo and 45,782 tonnes of export cargo including 9,338 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 16 May, 2019 12:00am
Brazil's sugar forecast cut to 27.8 million tonnes

Brazil's sugar forecast cut to 27.8 million tonnes

Brazil's center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday.
Published 16 May, 2019 12:00am
FM's absence from meeting irks NA body

FM's absence from meeting irks NA body

The National Assembly Standing Committee on Foreign Affairs Wednesday expressed displeasure over the absence of Foreign Minister Shah Mehmood Qureshi and Foreign Secretary Sohail Mahmood from the meeting, while members of the opposition parties walked out
Published 16 May, 2019 12:00am
CBOT wheat futures higher
Exchange

CBOT wheat futures higher

Chicago Board of Trade (CBOT) wheat futures closed higher for a second consecutive session on Tuesday, gaining strength from the corn and soyabean markets as funds scrambled to cover their short positions, traders said. But wheat market gains were capped
Published 16 May, 2019 12:00am
Hafeez, UK HC discuss matters of bilateral interest

Hafeez, UK HC discuss matters of bilateral interest

The British High Commissioner to Pakistan, Thomas Drew, called on the Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh and discussed matters of bilateral interest. Both sides underscored the need for enhanced coop
Published 16 May, 2019 12:00am
China's steel futures hit five-week low
Exchange

China's steel futures hit five-week low

Chinese steel futures slumped to their lowest in more than five weeks on Tuesday as worries persist about demand amid heightened US-Sino trade tensions, even as the two sides expressed optimism in resolving their dispute.
Published 16 May, 2019 12:00am
Economic activities being promoted in Punjab: minister

Economic activities being promoted in Punjab: minister

Provincial Minister Industries, Trade and Investment Mian Aslam Iqbal has said that the provincial government is taking effective steps for promoting economic and business activities in the province He stated this while presiding over a meeting regarding
Published 16 May, 2019 12:00am
CBOT wheat futures higher
Exchange

CBOT wheat futures higher

Chicago Board of Trade (CBOT) wheat futures closed higher for a second consecutive session on Tuesday, gaining strength from the corn and soyabean markets as funds scrambled to cover their short positions, traders said. But wheat market gains were capped
Published 16 May, 2019 12:00am
Over 13,000 Pakistanis studying in Australia: envoy
Exchange

Over 13,000 Pakistanis studying in Australia: envoy

Pakistan has over 13,000 students studying in Australia including those on Higher Education Commission (HEC) scholars and Australian Award recipients. This was stated by the High Commissioner for Pakistan, Babar Amin during his meeting with the Vice-Chanc
Published 16 May, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,733. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.322 billion and the number of lots traded 13,826.
Published 16 May, 2019 12:00am
Minister vows to resolve NHP issues

Minister vows to resolve NHP issues

Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has underlined that the present government is committed to give due share of Net Hydel Profit (NHP) to the provinces.
Published 16 May, 2019 12:00am
Asia's naphtha at three-month low

Asia's naphtha at three-month low

Asia's naphtha crack fell to three-month low of $33.90 a tonne while gasoline margin was at a three-session low of $4.47 a barrel as high supplies countered demand.
Published 16 May, 2019 12:00am
Hafeez, UK HC discuss matters of bilateral interest

Hafeez, UK HC discuss matters of bilateral interest

The British High Commissioner to Pakistan, Thomas Drew, called on the Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh and discussed matters of bilateral interest. Both sides underscored the need for enhanced coop
Published 16 May, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,733. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.322 billion and the number of lots traded 13,826.
Published 16 May, 2019 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

Sri Lankan rupee edged higher on Wednesday after four straight sessions of losses. Foreign investors sold a net 165.4 million rupees worth of shares on Wednesday, extending the year to date net foreign outflow to 4.4 billion rupees worth of equities so fa
Published 16 May, 2019 12:00am
Russian wheat export prices down

Russian wheat export prices down

Russian wheat export prices continued to fall last week as trading activity was depressed by national holidays in Russia and an ongoing shift among exporters to trading the new crop, analysts said.
Published 16 May, 2019 12:00am
Minister vows to resolve NHP issues

Minister vows to resolve NHP issues

Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has underlined that the present government is committed to give due share of Net Hydel Profit (NHP) to the provinces.
Published 16 May, 2019 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

Sri Lankan rupee edged higher on Wednesday after four straight sessions of losses. Foreign investors sold a net 165.4 million rupees worth of shares on Wednesday, extending the year to date net foreign outflow to 4.4 billion rupees worth of equities so fa
Published 16 May, 2019 12:00am
Economic activities being promoted in Punjab: minister

Economic activities being promoted in Punjab: minister

Provincial Minister Industries, Trade and Investment Mian Aslam Iqbal has said that the provincial government is taking effective steps for promoting economic and business activities in the province He stated this while presiding over a meeting regarding
Published 16 May, 2019 12:00am
Sterling Plummets
Currency

Sterling Plummets

The pound fell sharply on Wednesday on growing expectations that Prime Minister Theresa May will again fail to get her Brexit deal approved and could soon face a leadership challenge. Sterling has weakened more than 1% this month as deadlocked cross-party
Published 16 May, 2019 12:00am
Chambers' presidents meet FBR chief

Chambers' presidents meet FBR chief

The Presidents of different Chambers of Commerce & Industry met the Chairman FBR, Syed Muhammad Shabbar Zaidi in his office on Wednesday. The members of Tax Reforms Implementation Committee also participated in the meeting.
Published 16 May, 2019 12:00am
Brazil's sugar forecast cut to 27.8 million tonnes

Brazil's sugar forecast cut to 27.8 million tonnes

Brazil's center-south will produce less sugar than initially expected in the new season that started in April, as higher gasoline prices boost demand for cheaper ethanol, leading mills to allocate less cane to sugar, broker INTL FCStone said on Tuesday.
Published 16 May, 2019 12:00am
Sterling Plummets
Currency

Sterling Plummets

The pound fell sharply on Wednesday on growing expectations that Prime Minister Theresa May will again fail to get her Brexit deal approved and could soon face a leadership challenge. Sterling has weakened more than 1% this month as deadlocked cross-party
Published 16 May, 2019 12:00am
Hafeez, UK HC discuss matters of bilateral interest

Hafeez, UK HC discuss matters of bilateral interest

The British High Commissioner to Pakistan, Thomas Drew, called on the Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh and discussed matters of bilateral interest. Both sides underscored the need for enhanced coop
Published 16 May, 2019 12:00am
Asian forex: Rupiah hit by record trade gap

Asian forex: Rupiah hit by record trade gap

The Indonesian rupiah weakened on Wednesday after the country posted a record trade deficit, but most other Asian currencies enjoyed a welcome breather after US President Donald Trump softened his tough trade rhetoric against China.
Published 16 May, 2019 12:00am
Sindh police arrest 3,669 POs in five months

Sindh police arrest 3,669 POs in five months

The Sindh Police claimed to have arrested as many as 3669 proclaimed offenders (POs) in their 447 actions conducted as part of ongoing crackdown against criminals across the province, from January 1st till May 15, 2019. The provincial police during the sa
Published 16 May, 2019 12:00am
CBOT wheat futures higher
Exchange

CBOT wheat futures higher

Chicago Board of Trade (CBOT) wheat futures closed higher for a second consecutive session on Tuesday, gaining strength from the corn and soyabean markets as funds scrambled to cover their short positions, traders said. But wheat market gains were capped
Published 16 May, 2019 12:00am
Chambers' presidents meet FBR chief

Chambers' presidents meet FBR chief

The Presidents of different Chambers of Commerce & Industry met the Chairman FBR, Syed Muhammad Shabbar Zaidi in his office on Wednesday. The members of Tax Reforms Implementation Committee also participated in the meeting.
Published 16 May, 2019 12:00am
Asian forex: Rupiah hit by record trade gap

Asian forex: Rupiah hit by record trade gap

The Indonesian rupiah weakened on Wednesday after the country posted a record trade deficit, but most other Asian currencies enjoyed a welcome breather after US President Donald Trump softened his tough trade rhetoric against China.
Published 16 May, 2019 12:00am
Minister vows to resolve NHP issues

Minister vows to resolve NHP issues

Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has underlined that the present government is committed to give due share of Net Hydel Profit (NHP) to the provinces.
Published 16 May, 2019 12:00am
LHC grants bail to Aleem Khan in assets case

LHC grants bail to Aleem Khan in assets case

The Lahore High Court on Wednesday allowed bail to former senior Punjab minister Abdul Aleem Khan in a case of assets beyond means. The NAB prosecutor presented statements of the prosecution witnesses before the court and said the accused showed less valu
Published 16 May, 2019 12:00am
Sindh police arrest 3,669 POs in five months

Sindh police arrest 3,669 POs in five months

The Sindh Police claimed to have arrested as many as 3669 proclaimed offenders (POs) in their 447 actions conducted as part of ongoing crackdown against criminals across the province, from January 1st till May 15, 2019. The provincial police during the sa
Published 16 May, 2019 12:00am
PML-N tables resolution against hike in dollar rate

PML-N tables resolution against hike in dollar rate

Pakistan Muslim League Nawaz (PMLN) has tabled a resolution in the Punjab assembly against hike in dollar rate in the history of country. Member Punjab Assembly of PMLN Kanwal Liaqat Advocate tabled the resolution, saying that the dollar has touched Rs146
Published 16 May, 2019 12:00am
LHC grants bail to Aleem Khan in assets case

LHC grants bail to Aleem Khan in assets case

The Lahore High Court on Wednesday allowed bail to former senior Punjab minister Abdul Aleem Khan in a case of assets beyond means. The NAB prosecutor presented statements of the prosecution witnesses before the court and said the accused showed less valu
Published 16 May, 2019 12:00am
Chambers' presidents meet FBR chief

Chambers' presidents meet FBR chief

The Presidents of different Chambers of Commerce & Industry met the Chairman FBR, Syed Muhammad Shabbar Zaidi in his office on Wednesday. The members of Tax Reforms Implementation Committee also participated in the meeting.
Published 16 May, 2019 12:00am
FIA arrests 53 Pakistanis deported from US

FIA arrests 53 Pakistanis deported from US

The Federal Investigation Agency (FIA) arrested 53 Pakistanis deported from the United States (US) here on Wednesday. According to details, 53 Pakistani nationals deported from US for illegal stay without required documents arrived at Islamabad Internatio
Published 16 May, 2019 12:00am
PML-N tables resolution against hike in dollar rate

PML-N tables resolution against hike in dollar rate

Pakistan Muslim League Nawaz (PMLN) has tabled a resolution in the Punjab assembly against hike in dollar rate in the history of country. Member Punjab Assembly of PMLN Kanwal Liaqat Advocate tabled the resolution, saying that the dollar has touched Rs146
Published 16 May, 2019 12:00am
Sindh police arrest 3,669 POs in five months

Sindh police arrest 3,669 POs in five months

The Sindh Police claimed to have arrested as many as 3669 proclaimed offenders (POs) in their 447 actions conducted as part of ongoing crackdown against criminals across the province, from January 1st till May 15, 2019. The provincial police during the sa
Published 16 May, 2019 12:00am
FIA arrests 53 Pakistanis deported from US

FIA arrests 53 Pakistanis deported from US

The Federal Investigation Agency (FIA) arrested 53 Pakistanis deported from the United States (US) here on Wednesday. According to details, 53 Pakistani nationals deported from US for illegal stay without required documents arrived at Islamabad Internatio
Published 16 May, 2019 12:00am
LHC grants bail to Aleem Khan in assets case

LHC grants bail to Aleem Khan in assets case

The Lahore High Court on Wednesday allowed bail to former senior Punjab minister Abdul Aleem Khan in a case of assets beyond means. The NAB prosecutor presented statements of the prosecution witnesses before the court and said the accused showed less valu
Published 16 May, 2019 12:00am
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