The rupee took a sigh of relief as after a long-time it managed to hold its levels against the dollar on the money market on Saturday in the process of trading activity, marketmen said. In the meantime, it is anticipated that the rupee is likely to come u
The rupee took a sigh of relief as after a long-time it managed to hold its levels against the dollar on the money market on Saturday in the process of trading activity, marketmen said. In the meantime, it is anticipated that the rupee is likely to come u
Ukraine recovered from the shock of falling behind to an early penalty as they beat South Korea 3-1 to win the under-20 World Cup final in Poland on Saturday.
Pakistan pace spearhead Mohammad Amir says the memory of his late mother will spur him on in the high-voltage World Cup clash against arch-rivals India in Manchester on Sunday.
Pakistan's head coach Mickey Arthur urged his players to become heroes by beating bitter rivals India in a World Cup match for the first time at Old Trafford on Sunday.
Virat Kohli will have history on his side when India take on arch-rivals Pakistan in a World Cup blockbuster on Sunday - a clash that is always more than just a game of cricket.
South Africa kept alive their slim hopes of reaching the World Cup semi-finals by thumping a poor Afghanistan side by nine wickets on Saturday to record their first win of the tournament.
Australia captain Aaron Finch and pace bowler Mitchell Starc stole the show as the World Cup holders eased to an 87-run win over Sri Lanka at the Oval on Saturday.
Global coffee consumption in set to swell to a new record while production is expected to drop 3.1% to 169.1 million 60-kg bags as Brazil enters the off-year in its production cycle, the US US Department of Agriculture (USDA) on Friday.
Chinese soyabean buyers are asking sellers in the United States to delay cargoes due to be shipped in July until August, two sources familiar with the matter said, raising fears of cancellations like ones that roiled the market last year.
The London Metal Exchange (LME) surprised the lithium market on Monday with its choice of Fastmarkets to provide a reference price for its planned new contract, shunning a rival widely regarded as market leader.
India's sugar production could fall as much as 15% in 2019/20 from the year before as severe drought hits a key growing region, industry sources told Reuters.
The US government on Tuesday slashed its estimate of domestic corn production this year as heavy rain in key growing areas throughout the spring forced growers to cut their acreage and caused planting delays that threatened the size of the harvest.
ICE Canadian canola futures mostly rose on Thursday, lifted by worries about dry Canadian soils. Saskatchewan's cropland moisture levels continued to decline in the past week despite significant rain for some areas, the Canadian provincial government said
Not a single deal reported on Saturday as the cotton market is under the grip of post-budget fever, dealers said. The official spot rate was unchanged at Rs 8800, they added. Seed cotton per 40kg from Lower Sindh was available at Rs 3900-4000, they said.
Chicago Board of Trade soyabean futures closed higher on Thursday on spillover strength from corn and worries that wet weather in the US Midwest will delay late plantings and threaten soyabean yield potential, traders said. CBOT July soyabeans settled up
Northwest European gasoline refining margins fell sharply on Thursday, pressured by rising crude prices and a rise in regional stocks. Brent prices jumped more than 4% on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and t
The Shanghai Stock Exchange (SSE) said on Friday it would closely monitor any abnormal trading patterns on its newly-launched Nasdaq-style tech board, in a bid to curb financial risks and protect investors interests.
Latin American stocks fell nearly 2% on Friday, mirroring weakness on Wall Street, while the Brazilian real dropped as optimism around the proposed overhaul of the country's pension system faded. The real fell 1% to 3.89 per dollar after Brazil's Economy
The gains in high-yield junk bonds are not over, thanks to the Federal Reserve's supportive stance on monetary policy, Margaret Patel, one of the mutual-fund industry's longest tenured and most well-known bond managers, said on Tuesday.
Turkish dollar bonds fell on Friday as investors worried over a rising risk of sanctions on the back of flaring tensions between Ankara and Washington over the purchase of Russian S-400 defence systems. The 2030 and 2036 issues fell more than 1 cents in t
Turkish dollar bonds fell on Friday as investors worried over a rising risk of sanctions on the back of flaring tensions between Ankara and Washington over the purchase of Russian S-400 defence systems. The 2030 and 2036 issues fell more than 1 cents in t
Russia's Saint-Petersburg Exchange has added 100 shares in US companies worth a total $364.4 billion to its trading platform, the bourse said on Tuesday. The Saint-Petersburg Exchange said it also planned to start trading shares of Uber Technologies in th
While overseas investors sold Asian equities in May, they bought the region's bonds, which were made more attractive by falling yields and offered some safety amid worries over the Sino-US trade war, Brexit annd a global economic slowdown Foreigners bough
While overseas investors sold Asian equities in May, they bought the region's bonds, which were made more attractive by falling yields and offered some safety amid worries over the Sino-US trade war, Brexit annd a global economic slowdown Foreigners bough
US stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to US-China trade worries. Shares of Broadcom In
Kenyan and Zambian currencies are likely come under pressure next week as those of Ugandan and Tanzanian firm. Nigeria's currency should remain stable. KENYA - The Kenyan shilling is seen under pressure against the US dollar in the coming week due to dema
Tighter monetary conditions will strengthen the Czech crown and Hungarian forint in the coming year and help them outperform Central European peers, according to a Reuters poll of 37 analysts. A surge in wages has boosted economic growth in the region, ac
Tighter monetary conditions will strengthen the Czech crown and Hungarian forint in the coming year and help them outperform Central European peers, according to a Reuters poll of 37 analysts. A surge in wages has boosted economic growth in the region, ac
The Canadian dollar fell to a one-week low against its US counterpart on Friday as US data suggesting a pick-up in consumer spending boosted the greenback. The US dollar rose against a basket of major currencies after encouraging US retail sales data for
Speculators reduced their bullish bets on the US dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of I
China's yuan is forecast to drift up over the coming year as the monetary authorities keep a tight leash on the partly-managed currency and prevent it from falling through the psychological 7 per dollar level any time soon, a Reuters poll showed. However,
The dollar index climbed to its highest in almost two weeks on Friday after encouraging retail sales data for May released ahead of a Federal Reserve policy meeting next week eased fears that the US economy is slowing sharply. The Commerce Department said
Drought-hit Namibia has authorised the sale of at least 1,000 wild animals - including elephants and giraffes - to limit loss of life and generate $1.1 million for conservation, the authorities confirmed Saturday. "Given that this year is a drought year,
Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain stability in the oil market, Japan's Industry Minister Hiroshige Seko said on Saturday.
The United Auto Workers union has suffered a fresh defeat at a Volkswagen plant in Tennessee, with workers narrowly voting down a move to organize the factory for a second time. The UAW has never managed to fully organize a US plant owned by a foreign man
Turkey on Saturday lambasted Moody's ratings agency after it cut Ankara's credit rating further into junk territory, saying the downgrade raised concerns over the institution's "objectivity and impartiality". The agency downgraded the long-term debt ratin
India has decided to raise tariffs on imports of 29 goods from the US after having deferred the move several times since announcing it last year, media reported Saturday. The government had said last June it would raise import taxes on a slew of US goods
The International Monetary Fund has proposed that the European Union improve transparency, regulatory oversight and insolvency rules in its proposals to create a capital market system to rival the United States, a senior IMF official said.
The largest Picasso exhibition ever held in China opens on Saturday, featuring more than 100 works - many of them from the artist's early years. The "Birth of a Genius" exhibition brings together the best of the Picasso Museum Paris, Laurent Le Bon, the m
The world of cinema was in mourning Saturday after Italian film and opera legend Franco Zeffirelli, feted for his lavish productions, died at home in Rome aged 96. The Oscar-nominated director of movies and operas "died serenely after a long illness, whic
Chinese President Xi Jinping celebrated his 66th birthday on Saturday with Russian President Vladimir Putin, who Xi considers a close friend and who gave Xi ice cream as a present, Chinese state media reported. The discussion of senior leaders' private li
Benin security forces killed two protesters Saturday in the city of Save while breaking up a demonstration by people who erected barricades and blocked the national road for days, the mayor said. This followed days of demonstrations over controversial Apr
The Maldives Saturday called for international help to rehabilitate up to 160 of its nationals languishing in Syrian detention camps after the defeat of the Islamic State group. Speaker Mohamed Nasheed said the Maldives kept a close tab on citizens who ha
Slovak environmental lawyer Zuzana Caputova was on Saturday sworn in as the EU member's first female president, surprising observers with a speech that lacked the government criticism she was known for on the campaign trail. The community activist, who ra
A car bomb exploded near the Somali parliament Saturday, killing eight people, emergency workers said, hours after militia executed nine civilians from a clan with suspected links to the Islamist Al-Shabaab. "We have confirmed eight people killed and 16 o
An ammunition depot in Damascus exploded Saturday, state media reported, prompting a blast heard by an AFP journalist in the Syrian capital. "An ammunition depot for the Syrian army in western Damascus exploded after a fire in nearby fields started spread
At least 10 civilians and 35 combatants, mostly pro-regime forces, were killed Saturday in clashes and air strikes that erupted at dawn in northwestern Syria, a war monitor said. The flare-up came as Russian-backed regime forces tried to retake two villag
UN Secretary-General Antonio Guterres has called on the European Union to aim for a 55% cut in greenhouse gas emissions by 2030, far more than the bloc's current target for a 40% reduction. In a letter to European Council President Donald Tusk, seen by Re
Except a slight decline in prices of some vegetables and fruits, the entire range of essential kitchen items witnessed an increase during this week past as compared to the preceding week, a survey conducted by Business Recorder revealed here on Sat
Edotco Pakistan Private Limited (edotco PK), an integrated telecommunications infrastructure services company and Telenor Pakistan Private Limited (Telenor Pakistan) here on Saturday announced a collaboration which will see both parties working together t
The federal budget 2019-20 has proposed sales tax on retail price and implementation of five percent conditional customs duty on import of liquefied petroleum gas (LPG) to equalise price of imported and domestic LPG in the country.
Commissioner Hazara Division Syed Zaheer ul Islam has said that all three interchanges of Hazara Motorway, Havelian Maira Mangal Sajji Kot and Manshera will be open in August this year. He said this while talking to media during the visit of the motorway
The sudden drop in temperature in Skardu has made the job of Indus River System Authority's (Irsa) tougher with respect to release of required water to the provinces. According to Irsa spokesperson, heavy fluctuations have been observed in catchment tempe
Special Assistant to the Prime Minister on Youth Affairs Usman Dar Saturday accused former foreign minister Khawaja Asif of being involved in corrupt practices and money laundering worth billions of rupees during the previous Pakistan Muslim League-Nawaz
Kellogg Company announced a new, long-term partnership with leading Oil Marketing Company TotalPARCO Pakistan Limited, wherein Pringles & Kellogg's Cereals will enjoy strong availability & visibility through its distributor partner United Brands Ltd at th
Punjab government has proposed an allocation of Rs 1000 million for environment for the year 2019-20 as compared to an allocation of Rs 1200 million for the corresponding period to promote sustainable development in the province through integration of env
A division bench of the Peshawar High Court (PHC) issued notice to the Khyber Pakhtunkhwa (KP) government, KP finance minister and director general Khyber Pakhtunkhwa Revenue Authority (KPRA) stopping sales tax recovery from an Islamabad-based taxpayer.
To protect public interest in audit quality, the Audit Oversight Board (AOB) has revamped the audit quality control review framework, commonly known as QCRF, of the Institute of Chartered Accountants of Pakistan. In the new framework, governance of the Qu
The uncontrollable increase in population is a major drag on Pakistan's economic development and requires drastic and serious steps to cope with the problems to put the country on the path to progress.
Hameed Haroon, President, Sarmad Ali, Secretary General, APNS on behalf of the office-bearers and members of the Society have expressed profound grief over the sad and sudden demise of Rehmat Ali Raazi, a veteran journalist and Chief Editor of Daily Taqat
Excessive power loadshedding, and shortage of potable water have unfolded severe issues for the residents of Karachi under the scorching heat of summer with mercury lingering between 39 to 41 degrees Celsius.
The second session of Post Budget Conference 2019 held at a local hotel, which covered the topic of indirect taxation with main speaker Asim Zulfiqar Ali, FCA. Rana Muhammad Usman Khan moderated the session while the panelists included Naeem Akhtar Sheikh
In order to develop, maintain and maximize forest resources in a modern scientific, environmentally sustainable, ecologically stable and socially acceptable manner, the Punjab government has earmarked Rs 3.43 billion for the forest sector for the year 201
Special Assistant to Prime Minister on Information and Broadcasting, Fridous Ashiq Awan while reacting over the statement of Pakistan Muslim League-Nawaz leader Rana Sanaullah has said that he should not worry as Model Town incident's accountability is ab
The IMF Board will meet on July 3 and is likely to take positive decision on Pakistan program, Adviser to the Prime Minister on Finance Dr Hafeez Shaikh said on Saturday.
Ambassador of European Union in Pakistan, Jean Francois Cautain has said that EU is keen on further enhance mutual economic and trade relations with Pakistan and stressed upon the Pakistani businessmen to play its proactive role in the complete implementa
The petrol pumps owners, whose business were destroyed during military operation in North Waziristan district warned that they will shut down their pumps and march to Islamabad, if the government didn't announce compensation for them till June 20. They sa
Former KP Chief Minister and ANP's Senior Vice President, Ameer Haider Khan Hoti has accused the government for making all-out efforts to delay provincial assembly elections in the merged districts of the erstwhile FATA. However, he said that ANP is deter
The incidents of robbery, dacoity and snatching at gunpoint registered an increase during the last week in the federal capital. According to data gathered by Business Recorder here on Saturday, over 10 cases of various kinds of theft, five cases of
Spokesman to the Chairman PPP Bilawal Bhutto Zardari, Senator Mustafa Nawaz Khokhar will write a letter to the Chief Justice of Pakistan, requesting him to take notice of an illegal act of Islamabad police and administration to set an example.
A 25-member self-funded Pakistan Parliamentary Cricket Team (PPCT) has been announced with MNA Makhdoom Zain Hussian Qureshi as its captain. The team will participate in the Inter-Parliamentary Cricket World Cup (IPCWC) being staged from July 8 to July 15
In a major development, the Election Commission of Pakistan (ECP) is set to hear an important case regarding the funding of three major political parties of Pakistan - the ruling Pakistan Tehreek-e-Insaf (PTI), Pakistan Muslim League Nawaz (PML-N) and Pak
The target of Rs 5.5 trillion tax collection for fiscal year 2019-20 appears to be a profoundly formidable task for the PTI government to achieve in an environment of economic slowdown; it doesn't sound realistic mainly because of the fact that the prime
Mediterranean countries say they have taken a key step towards finding out the fate of thousands of migrants - many fleeing Syria's war - who have gone missing while trying to reach Europe. At a meeting of the International Commission for Missing Persons
Venezuelan shopkeeper Manuel Saavedra says new US sanctions are strangling him - and lots of other everyday people. A video game store owner in Caracas, Saavedra has been forced to raise prices as products became harder to import from May 15, when the US
Images of riot police battling protesters in Hong Kong this week have reverberated in nearby Taiwan where many recoil at what they fear could be their future if Beijing has its way. Taiwan has been a self-ruled de facto nation in charge of its own affairs
The budget and medium term economic framework have two sides - fiscal and monetary. On the fiscal - main taxation, the direction is right and the policy paradigm shift is towards much needed documentation of the economy where both high tax collection and
Speaking at a recent news conference in Amman alongside his Jordanian counterpart, German Foreign Minister Heiko Maas reiterated his country's stance on the Palestinian-Israeli conflict saying "we are still in agreement that reaching a two-state solution
The running feud between the United States and Iran has the inbuilt potential to explode into a military conflict, entailing certainty of disrupting oil supply to a number of customers, including some very close allies of Washington. One such customer is
Hong Kong's embattled leader on Saturday suspended a hugely divisive bill that would allow extraditions to China, in a major climbdown following unprecedented unrest, but protesters vowed to press ahead with a mass Sunday rally. The concession from chief
Hong Kong's embattled leader on Saturday suspended a hugely divisive bill that would allow extraditions to China, in a major climbdown following unprecedented unrest, but protesters vowed to press ahead with a mass Sunday rally. The concession from chief