News Archives for Print - 2019-06-21 - Business Recorder

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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2019-06-21

FTSE 100 up as oil majors gain, BoE growth target cut feeds stimulus hopes

FTSE 100 up as oil majors gain, BoE growth target cut feeds stimulus hopes

London's FTSE 100 rebounded on growing hopes of more central bank stimulus after the Bank of England cut its growth forecast and the US Federal Reserve flagged interest rate cuts, though cruise operator Carnival slid after lowering its profit target. The

Published 21 Jun, 2019 12:00am

FATF: Strategy made to foil India's sinister designs: Qureshi

Exchange

FATF: Strategy made to foil India's sinister designs: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that Pakistan has made an effective strategy and is lobbying with the member states to block India's bid to get Pakistan blacklisted by Financial Action Task Force (FATF), which is currently meeting in Orland

Published 21 Jun, 2019 12:00am

Putin promises brighter future as marathon phone-in takes gloomy turn

Putin promises brighter future as marathon phone-in takes gloomy turn

Russians turned to President Vladimir Putin with fears over squeezed incomes and civil liberties during a four-hour annual phone-in Thursday, but the longtime leader insisted a brighter future was ahead. The marathon event - to which viewers this year sub

Published 21 Jun, 2019 12:00am

Putin promises brighter future as marathon phone-in takes gloomy turn

Putin promises brighter future as marathon phone-in takes gloomy turn

Russians turned to President Vladimir Putin with fears over squeezed incomes and civil liberties during a four-hour annual phone-in Thursday, but the longtime leader insisted a brighter future was ahead. The marathon event - to which viewers this year sub

Published 21 Jun, 2019 12:00am

Swiss watchdog 'in contact' with Facebook cryptocurrency backers

Exchange

Swiss watchdog 'in contact' with Facebook cryptocurrency backers

Switzerland's market watchdog confirmed Thursday that it is contact with the "initiators" of Facebook's new cryptocurrency, as questions mount over how the money will be regulated. Switzerland has tried to establish itself as a global cryptocurrencies hub

Published 21 Jun, 2019 12:00am

FATF: Strategy made to foil India's sinister designs: Qureshi

Exchange

FATF: Strategy made to foil India's sinister designs: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that Pakistan has made an effective strategy and is lobbying with the member states to block India's bid to get Pakistan blacklisted by Financial Action Task Force (FATF), which is currently meeting in Orland

Published 21 Jun, 2019 12:00am

WTO chief says states preparing for trade court shutdown

WTO chief says states preparing for trade court shutdown

The head of the World Trade Organization said Thursday that member states are preparing for a shutdown of the body's dispute settlement system, following months of deadlock triggered by the United States. The WTO's Dispute Settlement Body (DSB), sometimes

Published 21 Jun, 2019 12:00am

Swiss watchdog 'in contact' with Facebook cryptocurrency backers

Exchange

Swiss watchdog 'in contact' with Facebook cryptocurrency backers

Switzerland's market watchdog confirmed Thursday that it is contact with the "initiators" of Facebook's new cryptocurrency, as questions mount over how the money will be regulated. Switzerland has tried to establish itself as a global cryptocurrencies hub

Published 21 Jun, 2019 12:00am

China tells top global CEOs it will 'further open up'

China tells top global CEOs it will 'further open up'

Premier Li Keqiang vowed Thursday to further open up China's economy during a meeting with CEOs of top global companies amid simmering trade tensions with the United States. Washington and other trade partners have long complained about the uneven playing

Published 21 Jun, 2019 12:00am

KSE-100 Index turns bullish: BRIndex100 closes in green zone

Exchange

KSE-100 Index turns bullish: BRIndex100 closes in green zone

After witnessing bearish trend during the last three consecutive sessions, Pakistan Stock Exchange Thursday closed in green with healthy gains on the back of fresh buying in oversold market. BRIndex100 gained 43.59 points or 1.2 percent to close at 3,678.

Published 21 Jun, 2019 12:00am

BoE warns risk of no-deal Brexit has increased

Exchange

BoE warns risk of no-deal Brexit has increased

The prospect of Britain crashing out of the European Union without a deal has risen since last month, the Bank of England warned Thursday, as it kept interest rates unchanged. "Domestically, the perceived likelihood of a no-deal Brexit has risen" since Ma

Published 21 Jun, 2019 12:00am

WTO chief says states preparing for trade court shutdown

WTO chief says states preparing for trade court shutdown

The head of the World Trade Organization said Thursday that member states are preparing for a shutdown of the body's dispute settlement system, following months of deadlock triggered by the United States. The WTO's Dispute Settlement Body (DSB), sometimes

Published 21 Jun, 2019 12:00am

French auto giant PSA opens factory in Morocco

French auto giant PSA opens factory in Morocco

French automotive giant PSA on Thursday opened a factory in Morocco to assemble 100,000 cars per year as it seeks to double sales in the Middle East and Africa region. The factory, launched at an official ceremony attended by King Mohamed VI near the city

Published 21 Jun, 2019 12:00am

KSE-100 Index turns bullish: BRIndex100 closes in green zone

Exchange

KSE-100 Index turns bullish: BRIndex100 closes in green zone

After witnessing bearish trend during the last three consecutive sessions, Pakistan Stock Exchange Thursday closed in green with healthy gains on the back of fresh buying in oversold market. BRIndex100 gained 43.59 points or 1.2 percent to close at 3,678.

Published 21 Jun, 2019 12:00am

Zimbabwe's currency hits new low, firms demanding payment in US dollars

Currency

Zimbabwe's currency hits new low, firms demanding payment in US dollars

Zimbabwe's interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in US dollars as a hedge against inflation, which is running at its highest in a decade. The RTGS dollar has plunged 60% against the US do

Published 21 Jun, 2019 12:00am

China tells top global CEOs it will 'further open up'

China tells top global CEOs it will 'further open up'

Premier Li Keqiang vowed Thursday to further open up China's economy during a meeting with CEOs of top global companies amid simmering trade tensions with the United States. Washington and other trade partners have long complained about the uneven playing

Published 21 Jun, 2019 12:00am

Mexico ratifies new trade deal with US, Canada

Mexico ratifies new trade deal with US, Canada

Mexico ratified the new North American trade agreement Wednesday, making the country the first to give it final approval despite recent tension with the US. The United States-Mexico-Canada Agreement (USMCA) passed in the Mexican Senate with 114 votes in f

Published 21 Jun, 2019 12:00am

KSE-100 Index turns bullish: BRIndex100 closes in green zone

Exchange

KSE-100 Index turns bullish: BRIndex100 closes in green zone

After witnessing bearish trend during the last three consecutive sessions, Pakistan Stock Exchange Thursday closed in green with healthy gains on the back of fresh buying in oversold market. BRIndex100 gained 43.59 points or 1.2 percent to close at 3,678.

Published 21 Jun, 2019 12:00am

US labour market on solid ground; manufacturing struggling

US labour market on solid ground; manufacturing struggling

The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labour market strength despite a sharp slowdown in job growth in May. But the outlook for the economy continues to darken. Othe

Published 21 Jun, 2019 12:00am

BoE warns risk of no-deal Brexit has increased

Exchange

BoE warns risk of no-deal Brexit has increased

The prospect of Britain crashing out of the European Union without a deal has risen since last month, the Bank of England warned Thursday, as it kept interest rates unchanged. "Domestically, the perceived likelihood of a no-deal Brexit has risen" since Ma

Published 21 Jun, 2019 12:00am

Pakistan hurting after slump, says Hafeez

Pakistan hurting after slump, says Hafeez

Mohammad Hafeez said Pakistan's dismal showing at the World Cup was hurting the players, who were determined to battle back in a bid to reach the semi-finals. Pakistan are languishing in ninth place in the 10-team table, with only Afghanistan below them,

Published 21 Jun, 2019 12:00am

US Senate votes to block Saudi arms sales

US Senate votes to block Saudi arms sales

The Republican-led Senate voted Thursday to block $8.1 billion in US arms sales to Saudi Arabia and other Arab allies, as legislators outraged with the kingdom delivered a symbolic rebuke to President Donald Trump. Some seven Republicans joined Democrats

Published 21 Jun, 2019 12:00am

Sri Lanka plot how to douse England fireworks

Sri Lanka plot how to douse England fireworks

Skipper Dimuth Karunaratne says Sri Lanka will have to think "out of the box" as they try to tame England's marauding batsmen in their must-win World Cup match against the hosts. The 1996 champions must win all four of their remaining games to have a real

Published 21 Jun, 2019 12:00am

French auto giant PSA opens factory in Morocco

French auto giant PSA opens factory in Morocco

French automotive giant PSA on Thursday opened a factory in Morocco to assemble 100,000 cars per year as it seeks to double sales in the Middle East and Africa region. The factory, launched at an official ceremony attended by King Mohamed VI near the city

Published 21 Jun, 2019 12:00am

Mohsin Khan quits as PCB's Cricket Committee Head

Mohsin Khan quits as PCB's Cricket Committee Head

Former Test cricketer and head of the Pakistan Cricket Board (PCB)'s has resigned from his office and the PCB relieved him from his position. Mohsin Khan will be replaced by PCB Managing Director Wasim Khan. The PCB in a statement, here Thursday said that

Published 21 Jun, 2019 12:00am

US Senate votes to block Saudi arms sales

US Senate votes to block Saudi arms sales

The Republican-led Senate voted Thursday to block $8.1 billion in US arms sales to Saudi Arabia and other Arab allies, as legislators outraged with the kingdom delivered a symbolic rebuke to President Donald Trump. Some seven Republicans joined Democrats

Published 21 Jun, 2019 12:00am

Warner ton sends Australia top of World Cup table

Warner ton sends Australia top of World Cup table

David Warner's century paved the way for Australia to beat Bangladesh by 48 runs at Trent Bridge on Thursday as the reigning champions went top of the World Cup table. Warner made Bangladesh pay for dropping him on 10 with an innings of 166 - the left-han

Published 21 Jun, 2019 12:00am

Zimbabwe's currency hits new low, firms demanding payment in US dollars

Currency

Zimbabwe's currency hits new low, firms demanding payment in US dollars

Zimbabwe's interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in US dollars as a hedge against inflation, which is running at its highest in a decade. The RTGS dollar has plunged 60% against the US do

Published 21 Jun, 2019 12:00am

Federer in last eight in Halle

Federer in last eight in Halle

Roger Federer avoided a major setback in his preparations for Wimbledon as he scrapped to a 7-6 (7/5), 4-6, 7-5 victory over Frenchman Jo-Wilfried Tsonga in the second round of the ATP event in Halle on Thursday. Federer, 37, appeared firmly on course for

Published 21 Jun, 2019 12:00am

India warships sent to strategic Gulf waters

India warships sent to strategic Gulf waters

India has sent warships and stepped up aerial surveillance in strategic Gulf waters, the Press Trust of India reported on Thursday, with global tensions rising in the region. "INS Chennai and INS Sunayna have been deployed in the Gulf of Oman and the Pers

Published 21 Jun, 2019 12:00am

Semenya to race 800m for first time since gender ban

Semenya to race 800m for first time since gender ban

Caster Semenya will race in the 800m at the Stanford Diamond League on June 30 in her first outing over the distance since she launched a legal battle against new rules targeting athletes with hyperandrogenism. The double Olympic champion was cleared to c

Published 21 Jun, 2019 12:00am

Mexico ratifies new trade deal with US, Canada

Mexico ratifies new trade deal with US, Canada

Mexico ratified the new North American trade agreement Wednesday, making the country the first to give it final approval despite recent tension with the US. The United States-Mexico-Canada Agreement (USMCA) passed in the Mexican Senate with 114 votes in f

Published 21 Jun, 2019 12:00am

Sharapova falls to Kerber in Mallorca

Kerb

Sharapova falls to Kerber in Mallorca

Maria Sharapova's return from injury at the Mallorca Open came to an abrupt end on Thursday as she was convincingly beaten 6-2, 6-3 by Angelique Kerber. Sharapova had not played since the end of January after taking time out to recover from a shoulder inj

Published 21 Jun, 2019 12:00am

India warships sent to strategic Gulf waters

India warships sent to strategic Gulf waters

India has sent warships and stepped up aerial surveillance in strategic Gulf waters, the Press Trust of India reported on Thursday, with global tensions rising in the region. "INS Chennai and INS Sunayna have been deployed in the Gulf of Oman and the Pers

Published 21 Jun, 2019 12:00am

IOC lifts India ban after Pakistan visa assurances

IOC lifts India ban after Pakistan visa assurances

The International Olympic Committee has lifted a ban on India hosting international sporting events after receiving assurances over visas for Pakistani competitors. In February, India triggered a stand off with the IOC when it refused to allow Pakistani s

Published 21 Jun, 2019 12:00am

US labour market on solid ground; manufacturing struggling

US labour market on solid ground; manufacturing struggling

The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labour market strength despite a sharp slowdown in job growth in May. But the outlook for the economy continues to darken. Othe

Published 21 Jun, 2019 12:00am

Messi rescues Argentina as Paraguay pay penalty

Messi rescues Argentina as Paraguay pay penalty

A Lionel Messi penalty salvaged a 1-1 draw for Argentina against Paraguay on Wednesday as the two-time world champions once again struggled at the Copa America.

Published 21 Jun, 2019 12:00am

Oil jumps 5 percent on Trump threat after Iran downs drone

Oil jumps 5 percent on Trump threat after Iran downs drone

Oil soared more than 5 percent higher on Thursday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, sti

Published 21 Jun, 2019 12:00am

Turkish lira up

Turkish lira up

Turkey's lira firmed more than 0.8% on Thursday after the Federal Reserve signalled possible interest rate cuts later this year.

Published 21 Jun, 2019 12:00am

Pakistan hurting after slump, says Hafeez

Pakistan hurting after slump, says Hafeez

Mohammad Hafeez said Pakistan's dismal showing at the World Cup was hurting the players, who were determined to battle back in a bid to reach the semi-finals. Pakistan are languishing in ninth place in the 10-team table, with only Afghanistan below them,

Published 21 Jun, 2019 12:00am

Dollar falls to six-month low against yen in Asia

Currency

Dollar falls to six-month low against yen in Asia

The dollar fell on Thursday, skidding to a six-month low versus the yen, after the US Federal Reserve signalled it was ready to lower interest rates to combat growing domestic and global risks.

Published 21 Jun, 2019 12:00am

Oil jumps 5 percent on Trump threat after Iran downs drone

Oil jumps 5 percent on Trump threat after Iran downs drone

Oil soared more than 5 percent higher on Thursday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, sti

Published 21 Jun, 2019 12:00am

Dollar posts biggest 2-day drop in a year in Europe

Currency

Dollar posts biggest 2-day drop in a year in Europe

The dollar sank broadly against its rivals on Thursday and is on track for its biggest two-day drop in a year after the US central bank signalled it was ready to cut interest rates as early as next month. The sharp fall in the dollar took currency markets

Published 21 Jun, 2019 12:00am

Sri Lanka plot how to douse England fireworks

Sri Lanka plot how to douse England fireworks

Skipper Dimuth Karunaratne says Sri Lanka will have to think "out of the box" as they try to tame England's marauding batsmen in their must-win World Cup match against the hosts. The 1996 champions must win all four of their remaining games to have a real

Published 21 Jun, 2019 12:00am

Early trade in New York: Dovish Fed spurs dollar sinks broadly

Currency

Early trade in New York: Dovish Fed spurs dollar sinks broadly

The US dollar sank against its rivals on Thursday, putting it on track for its biggest two-day drop in a year after the Federal Reserve signalled it was ready to cut interest rates as early as next month.

Published 21 Jun, 2019 12:00am

Oil jumps 5 percent on Trump threat after Iran downs drone

Oil jumps 5 percent on Trump threat after Iran downs drone

Oil soared more than 5 percent higher on Thursday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, sti

Published 21 Jun, 2019 12:00am

Dollar drops in New York after Fed holds rates steady

Currency

Dollar drops in New York after Fed holds rates steady

The dollar weakened on Wednesday and risk assets benefited after the US Federal Reserve announced it held interest rates steady in June, but signalled a possible rate cut by the end of the year. Responding to an increase in economic uncertainty and a drop

Published 21 Jun, 2019 12:00am

Mohsin Khan quits as PCB's Cricket Committee Head

Mohsin Khan quits as PCB's Cricket Committee Head

Former Test cricketer and head of the Pakistan Cricket Board (PCB)'s has resigned from his office and the PCB relieved him from his position. Mohsin Khan will be replaced by PCB Managing Director Wasim Khan. The PCB in a statement, here Thursday said that

Published 21 Jun, 2019 12:00am

Most Asian currencies surge

Currency

Most Asian currencies surge

Most Asian currencies edged higher on Thursday after the US Federal Reserve flagged possible interest rate cuts later this year at its policy meeting, putting the dollar on the defensive.

Published 21 Jun, 2019 12:00am

KE given additional 150MW of power from national grid

KE given additional 150MW of power from national grid

The federal government has started the supply of 150MW to K-Electric from national grid to bridge the shortfall after signing a Sale Purchase Agreement (SPA) recently approved by the Economic Coordination Committee (ECC) of the Cabinet. With the addition

Published 21 Jun, 2019 12:00am

Initial exchange offerings flourish in crypto market

Exchange

Initial exchange offerings flourish in crypto market

Initial exchange offerings (IEOs) are currently the most popular fundraising trend in the cryptocurrency industry, which has seen poster child bitcoin surge more than 150% in 2019. As the name suggests, initial exchange offerings are conducted over crypto

Published 21 Jun, 2019 12:00am

Warner ton sends Australia top of World Cup table

Warner ton sends Australia top of World Cup table

David Warner's century paved the way for Australia to beat Bangladesh by 48 runs at Trent Bridge on Thursday as the reigning champions went top of the World Cup table. Warner made Bangladesh pay for dropping him on 10 with an innings of 166 - the left-han

Published 21 Jun, 2019 12:00am

Aussie, kiwi get a lift

Aussie, kiwi get a lift

The Australian and New Zealand dollars got a rare lift on Thursday while bond yields hit historic lows after the US Federal Reserve flagged rate cuts ahead and stoked wagers on policy easing worldwide. The Fed's reversal even overshadowed a dovish speech

Published 21 Jun, 2019 12:00am

KE given additional 150MW of power from national grid

KE given additional 150MW of power from national grid

The federal government has started the supply of 150MW to K-Electric from national grid to bridge the shortfall after signing a Sale Purchase Agreement (SPA) recently approved by the Economic Coordination Committee (ECC) of the Cabinet. With the addition

Published 21 Jun, 2019 12:00am

Sterling slips after BoE holds rates

Currency

Sterling slips after BoE holds rates

Sterling's rally faltered on Thursday despite the Bank of England striking a less dovish tone than other central banks, as policymakers slashed their second-quarter growth forecasts and flagged risks from trade tensions and a no-deal Brexit. BoE policymak

Published 21 Jun, 2019 12:00am

Federer in last eight in Halle

Federer in last eight in Halle

Roger Federer avoided a major setback in his preparations for Wimbledon as he scrapped to a 7-6 (7/5), 4-6, 7-5 victory over Frenchman Jo-Wilfried Tsonga in the second round of the ATP event in Halle on Thursday. Federer, 37, appeared firmly on course for

Published 21 Jun, 2019 12:00am

PMEX daily trading report

Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,910. The traded value of Metals, Energy and COTS/FX was recorded at PKR 16.443 billion and the number of lots traded 15,667. Major business was contributed by NSDQ100 a

Published 21 Jun, 2019 12:00am

KE given additional 150MW of power from national grid

KE given additional 150MW of power from national grid

The federal government has started the supply of 150MW to K-Electric from national grid to bridge the shortfall after signing a Sale Purchase Agreement (SPA) recently approved by the Economic Coordination Committee (ECC) of the Cabinet. With the addition

Published 21 Jun, 2019 12:00am

Asia's naphtha crack gains

Asia's naphtha crack gains

Asia's naphtha crack more than doubled from the previous session to $18.20 a tonne on Wednesday, the highest since May 23, as demand rose and crackers returned to operation or started up. Malaysian state oil company Petronas and Saudi Aramco have started

Published 21 Jun, 2019 12:00am

Semenya to race 800m for first time since gender ban

Semenya to race 800m for first time since gender ban

Caster Semenya will race in the 800m at the Stanford Diamond League on June 30 in her first outing over the distance since she launched a legal battle against new rules targeting athletes with hyperandrogenism. The double Olympic champion was cleared to c

Published 21 Jun, 2019 12:00am

CBOT corn lower after 5-year high

CBOT corn lower after 5-year high

Chicago Board of Trade corn futures ended lower on Wednesday for a second straight session as a lack of bullish news encouraged investors to book profits following a five-year high set in the spot contract on Monday, traders said. CBOT July corn settled d

Published 21 Jun, 2019 12:00am

European wheat prices fall; market awaits Egypt results

European wheat prices fall; market awaits Egypt results

European wheat prices dropped in late trade on Wednesday in the wake of a fall on US markets and as traders awaited the results of Egypt's tender. Front month September milling wheat on Paris-based Euronext unofficially closed 1.4% lower at 178.50 euros a

Published 21 Jun, 2019 12:00am

Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dropped on Wednesday, pressured by forecasts for rain in Western Canada and a drop in US soyabean prices. July canola lost $5 to $455.50 per tonne. Most-active November canola gave up $6.70 to $469.30 per tonne. July-November c

Published 21 Jun, 2019 12:00am

European gasoline margins weaken

European gasoline margins weaken

Northwest European gasoline refining margins weakened on Monday as crude prices rose sharply while demand in the region remained limited.

Published 21 Jun, 2019 12:00am

China's iron ore rebounds after fall in early trade

Exchange

China's iron ore rebounds after fall in early trade

China's iron ore futures clawed back on Tuesday, after a brief dip in early trade, despite mounting concerns over waning demand at mills amid heightened production restrictions in the top steelmaking city of Tangshan.

Published 21 Jun, 2019 12:00am

Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 151,854 tonnes of cargo comprising 122,888 tonnes of import cargo and 28,966 tonnes of export cargo including 7,346 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of

Published 21 Jun, 2019 12:00am

Steady trend prevails on cotton market

Cotton

Steady trend prevails on cotton market

Steady trend prevailed on the cotton market on Thursday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 8800, they added. Rates of seed cotton per 40kg from Lower Sindh were available at Rs 3750-4000, th

Published 21 Jun, 2019 12:00am

CBOT soyabean futures lower

CBOT soyabean futures lower

Chicago Board of Trade (CBOT) soyabean futures closed lower on Wednesday, halting a seven-session advance, on technical selling including profit-taking, traders said. Some analysts tied the weaker tone in futures to weather outlooks calling for drier cond

Published 21 Jun, 2019 12:00am

CBOT wheat lower on profit-taking

CBOT wheat lower on profit-taking

Chicago Board of Trade (CBOT) wheat futures closed lower on Wednesday for a second straight session on technical selling and profit-taking, with some forecasts calling for drier harvest weather in the southern US Plains after this weekend, traders said.

Published 21 Jun, 2019 12:00am

Journalist facing incitement charges for reporting on alleged power blackouts in central India

Journalist facing incitement charges for reporting on alleged power blackouts in central India

Chhattisgarh Chief Minister Bhupesh Baghel should immediately intervene to ensure that police drop charges against journalist Dilip Sharma and direct officials in his state to respect press freedom, the Committee to Protect Journalists said today.

Published 21 Jun, 2019 12:00am

Children among 20 civilians killed by Syria regime fire

Children among 20 civilians killed by Syria regime fire

Regime bombardment killed 20 civilians including eight children and three rescue workers in jihadist-run northwest Syria Thursday, as fighting killed dozens on the edges of the anti-government bastion. The Idlib region, home to some three million people,

Published 21 Jun, 2019 12:00am

Kim and Xi in Pyongyang talks as both face standoffs with Trump

Kim and Xi in Pyongyang talks as both face standoffs with Trump

North Korean leader Kim Jong Un held talks with Chinese President Xi Jinping in Pyongyang Thursday during a historic visit to burnish an uneasy alliance, with the two men each facing challenges of their own with US President Donald Trump.

Published 21 Jun, 2019 12:00am

Anti-Russia rally in Georgia

Anti-Russia rally in Georgia

More than 10,000 protesters rallied on Thursday in the Georgian capital Tbilisi after a Russian lawmaker provocatively addressed the country's parliament from the speaker's seat during an international event. Russian Communist MP Sergei Gavrilov addressed

Published 21 Jun, 2019 12:00am

EU extends economic sanctions against Russia

EU extends economic sanctions against Russia

European Union leaders on Thursday extended punishing economic sanctions against Russia over the conflict in Ukraine for another six months. "Russia sanctions unanimously extended for another six months because of a lack of Minsk Agreements implementation

Published 21 Jun, 2019 12:00am

EU extends economic sanctions against Russia

EU extends economic sanctions against Russia

European Union leaders on Thursday extended punishing economic sanctions against Russia over the conflict in Ukraine for another six months. "Russia sanctions unanimously extended for another six months because of a lack of Minsk Agreements implementation

Published 21 Jun, 2019 12:00am

Two Canadian naval vessels sail through Taiwan Strait

Two Canadian naval vessels sail through Taiwan Strait

Two Canadian naval vessels sailed through the Taiwan Strait, Taipei's and Canada's defence ministries said, in the latest naval passage likely to irk Beijing. The ships sailed through the narrow waterway separating the Chinese mainland and Taiwan in a "fr

Published 21 Jun, 2019 12:00am

US adds Saudi Arabia, Cuba to blacklist on human trafficking

US adds Saudi Arabia, Cuba to blacklist on human trafficking

The United States on Thursday added Saudi Arabia and Cuba to its blacklist of countries that it says are not doing enough to fight human trafficking, a designation that could bring sanctions. In an annual report, the State Department faulted ally Saudi Ar

Published 21 Jun, 2019 12:00am

Britain suspends new Saudi arms licences linked to Yemen

Britain suspends new Saudi arms licences linked to Yemen

Britain on Thursday temporarily suspended approving new Saudi arms export licenses that might contribute towards the Gulf kingdom's four-year bombing campaign in neighbouring Yemen. International Trade Secretary Liam Fox announced the decision after a Bri

Published 21 Jun, 2019 12:00am

Cotton dips over one percent

Cotton

Cotton dips over one percent

ICE Cotton futures prices fell more than 1% on Thursday, to touch their lowest level in a week, hurt by weak export sales data and as investors liquidated their positions ahead of the first notice day for the July contract due next week. The most-active c

Published 21 Jun, 2019 12:00am

Nickel, other base metals move higher

Exchange

Nickel, other base metals move higher

Nickel and other base metals marched higher on Thursday after the US central bank signalled rate cuts and investors hoped that the economy of top metals consumer China would recover. Both nickel and copper touched the highest levels in more than three wee

Published 21 Jun, 2019 12:00am

Malaysian palm oil down

Vegetable Oil

Malaysian palm oil down

Malaysian palm oil futures fell on Thursday as the ringgit rose amid sliding US Treasury yields, dragging down sentiment for the vegetable oil. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 1.2%

Published 21 Jun, 2019 12:00am

Arabica coffee surges; cocoa falls

Arabica coffee surges; cocoa falls

Arabica coffee prices on ICE rallied on Thursday to a one-week high on technical signals and a weaker US dollar, while cocoa prices slid to nearly two-week lows. September arabica coffee settled up 3.85 cent, or 3.9%, at $1.018 per lb. Earlier, prices tou

Published 21 Jun, 2019 12:00am

Gold climbs in Europe

Gold climbs in Europe

Gold prices surged to a more than five-year peak on Thursday after the US central bank signalled it was ready to cut interest rates as early as next month to boost growth, triggering a sharp fall in the dollar. Spot gold was 1.7% higher at $1,383.04 per o

Published 21 Jun, 2019 12:00am

US MIDDAY: soyabeans and grain jump

US MIDDAY: soyabeans and grain jump

US grain and soyabean futures jumped on Thursday on concerns over persistent rains threatening crop yields, after wet weather already prevented American farmers from planting millions of acres of corn this spring. Forecasts call for more rain in the US Mi

Published 21 Jun, 2019 12:00am

US MIDDAY: gold hits near six-year high

US MIDDAY: gold hits near six-year high

Gold prices surged to a near six-year peak on Thursday after the US Federal Reserve bank signaled it was ready to cut interest rates as early as next month to boost growth, triggering a sharp fall in the dollar. Spot gold jumped 2.2% to $1,390.38 per ounc

Published 21 Jun, 2019 12:00am

Fuel price adjustment formula: 21 paisa raise in Discos sought

Fuel price adjustment formula: 21 paisa raise in Discos sought

Central Power Purchasing Agency Guaranteed (CPPA-G) has sought 21 paisa increase in Discos for May 2019 under monthly fuel price adjustment formula. National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on June 26, 2019 to finali

Published 21 Jun, 2019 12:00am

'India involved in blocking financing of Athmuqam hydropower plant'

'India involved in blocking financing of Athmuqam hydropower plant'

India has been instrumental in blocking financing of 350 MW Athmuqam hydropower plant in Neelum Valley, Azad Jammu and Kashmir after successfully blocking financing of the 4500 MW Diamar Bhasha Dam in Gilgit Baltistan, well informed sources in PPIB told <

Published 21 Jun, 2019 12:00am

FPCCI urges Pakistan, Saudi Arabia to sign bilateral investment treaty

Exchange

FPCCI urges Pakistan, Saudi Arabia to sign bilateral investment treaty

Research and Policy Division of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested that Pakistan and Saudi Arabia should sign bilateral investment treaty in view of removal of complex investment procedures and to avoid taxation

Published 21 Jun, 2019 12:00am

SECP registers 1,323 new companies in May

Exchange

SECP registers 1,323 new companies in May

The Securities and Exchange Commission of Pakistan (SECP) registered 1,323 new companies in May. As compared to the corresponding month of last financial year, it represents a 21 percent growth, raising the number of registered companies to 1,00,532, a la

Published 21 Jun, 2019 12:00am

Anomalies in budget: Hafeez forms high-powered committee

Anomalies in budget: Hafeez forms high-powered committee

Advisor to Prime Minister on Finance Abdul Hafeez Sheikh on Thursday constituted a high-powered committee to rectify anomalies in the budget for addressing the legitimate grievances of the business community to boost up the economic and trade besides ease

Published 21 Jun, 2019 12:00am

Service-related issues: FBR nominates five officers to assist committee

Service-related issues: FBR nominates five officers to assist committee

The Federal Board of Revenue (FBR) has nominated five officers of various cadres of sales tax to assist the committee constituted by Chairman FBR Shabbar Zaidi to address the long standing service related issues of different cadres of sales tax officers.

Published 21 Jun, 2019 12:00am

'Carrefour's e-commerce service to be launched by next year':an interview with Gyu Taeg Kim, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail

Currency

'Carrefour's e-commerce service to be launched by next year':an interview with Gyu Taeg Kim, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail

BR Research recently sat down with Gyu Taeg Kim, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail, on the group's 10th anniversary in Pakistan. Kim has over 23 years of retail experience and has worked for Carrefour in Korea, Iran and Arme

Published 21 Jun, 2019 12:00am

'Carrefour's e-commerce service to be launched by next year':an interview with Gyu Taeg Kim, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail

Currency

'Carrefour's e-commerce service to be launched by next year':an interview with Gyu Taeg Kim, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail

BR Research recently sat down with Gyu Taeg Kim, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail, on the group's 10th anniversary in Pakistan. Kim has over 23 years of retail experience and has worked for Carrefour in Korea, Iran and Arme

Published 21 Jun, 2019 12:00am

'Latest agriculture technology vital for yields' growth'

'Latest agriculture technology vital for yields' growth'

Adoption of latest agriculture technology is imperative and a key to driving future growth in yields and overall productivity of different crops especially maize. The poultry industry in Pakistan which accounts for over 70 percent of all maize grain produ

Published 21 Jun, 2019 12:00am

The Weather

The Weather

The weather report on Thursday (June 20, 2019) and the forecast for Friday (June 21, 2019).

Published 21 Jun, 2019 12:00am

Agri sector PCJCCI, Punjab govt to ink MoU

Exchange

Agri sector PCJCCI, Punjab govt to ink MoU

Pakistan-China Joint Chamber of Commerce and Industry is entering into a long-term collaboration with the Punjab Agriculture Department and Everest International Expo (Pvt) Ltd to foster development and diversification of commercial exchanges and economic

Published 21 Jun, 2019 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 20, 2019).

Published 21 Jun, 2019 12:00am

Banks' sharing of account details with FBR: Experts term move significant development

Banks' sharing of account details with FBR: Experts term move significant development

Tax experts have termed sharing of details of accounts by the banks with the Federal Board of Revenue (FBR) as a significant development, saying that tracing out the actual owners of the accounts would be helpful in detecting benami transactions.

Published 21 Jun, 2019 12:00am

LME official prices

Exchange

LME official prices

The following were Wednesday official prices.

Published 21 Jun, 2019 12:00am

Only family allowed to meet Nawaz at Kot Lakhpat prison

Only family allowed to meet Nawaz at Kot Lakhpat prison

Pakistan Muslim League-Nawaz President Shahbaz Sharif and PML-N vice president Maryam Nawaz met for Nawaz Sharif here at Kot Lakhpat prison on Thursday and enquired about his health.

Published 21 Jun, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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