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Print - 2019-06-26
Dollar sags to new lows against euro, yen in Europe
Exchange

Dollar sags to new lows against euro, yen in Europe

The US dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the US currency. The euro hit a three-month high
Published 26 Jun, 2019 12:00am
Murtaza slams PTI leader's attack on KPC president

Murtaza slams PTI leader's attack on KPC president

The Advisor to Chief Minister Sindh on Information, Law and Anti-Corruption Barrister Murtaza Wahab has strongly condemned the attack on President Karachi Press Club Imtiaz Faran by PTI leader and said that PPP always respects the rights of the journalist
Published 26 Jun, 2019 12:00am
Government urged to restore RD on import of cotton
Cotton

Government urged to restore RD on import of cotton

A special committee on agriculture has recommended the government to restore regulatory duty on import of cotton to prevent its massive import and dumping and protect the local farmers. A set of pre-budget recommendations made to the government was also c
Published 26 Jun, 2019 12:00am
Affactees of Blue City housing scheme compensated

Affactees of Blue City housing scheme compensated

The Director General NAB Khyber Pakhtunkhwa Fayyaz Ahmad Qureshi, Tuesday handed over compensation cheques to affectees of Blue City Housing Scheme recovered through Plea Bargain from Managing Director Blue City Housing Scheme and others. As per details,
Published 26 Jun, 2019 12:00am
Gold surges to historic high

Gold surges to historic high

Gold on Tuesday mounted to another historic high of Rs 80500 per tola on the local market, following its global price hike, according to traders. Traders said the gold trading closed at $1429 an ounce globally up by $21, pushing it to a record high of Rs
Published 26 Jun, 2019 12:00am
LHC dismisses appeal against AC's order

LHC dismisses appeal against AC's order

The Lahore High Court on Tuesday dismissed an appeal against an accountability court's order rejecting a petition assailing production order of leader of opposition in Punjab Assembly Hamza Shahbaz. The court had taken up the matter as an "objection case"
Published 26 Jun, 2019 12:00am
Post arrest bail for two Chinese

Post arrest bail for two Chinese

A session's court on Tuesday granted post arrest bail to two Chinese men involved in case of fake marriages with Pakistani women and forcing them for prostitution after taking to China. The Federal Investigation Agency (FIA) had arrested the petitioners L
Published 26 Jun, 2019 12:00am
Commissioner BTB Zone visits KEMU

Commissioner BTB Zone visits KEMU

Dr. Yasmin Fatima, Commissioner Broadening of Tax Base (BTB) Zone, visited King Edward Medical University to apprise the members of faculty and staff about their legal obligations of return filing and relating issues. She was accompanied by Additional Com
Published 26 Jun, 2019 12:00am
FBR anomaly body finalises list of 146 grievances

FBR anomaly body finalises list of 146 grievances

The anomaly committee of the Federal Board of Revenue (FBR) Tuesday finalised a list of 146 grievances, which were raised by business community, associations, chambers, trade bodies, individual companies and investors, pertaining to the income tax, sales
Published 26 Jun, 2019 12:00am
Students urged to highlight Pakistan's soft image

Students urged to highlight Pakistan's soft image

Wife of Punjab Governor Mrs Parveen Sarwar has called upon the students to play their active role for highlighting positive image of Pakistan. She was addressing Students Societies Conference 2019 jointly organized by Punjab University College of Earth an
Published 26 Jun, 2019 12:00am
Partly Facetious : The offending words

Partly Facetious : The offending words

"Having older brothers and sisters I learnt that if I showed any emotion to what they hurled at me, and I mean words not sticks and stones, the likelihood they would stop using the offending adjective was not zero but in the negative realm."
Published 26 Jun, 2019 12:00am
Three coffee houses, two warehouses sealed in Lahore

Three coffee houses, two warehouses sealed in Lahore

The Punjab Food Authority (PFA) on Tuesday sealed three coffee outlets and two warehouses in the provincial metropolis on the charge of violating the pure food rules. Following the directions of Punjab Chief Minister Usman Buzdar, the provincial food auth
Published 26 Jun, 2019 12:00am
APC faces failure prior to its meeting: Sumsam

APC faces failure prior to its meeting: Sumsam

Punjab Information and Culture Minister Syed Sumsam Ali Bukhari has said that the whole opposition is confused including Maulana Fazal-ur-Rehman, and the All Parties Conference (APC) has already met with failure before being held.
Published 26 Jun, 2019 12:00am
PTA sends SOS call to Prime Minister

PTA sends SOS call to Prime Minister

Pakistan Tanners Association has urged the government and the policy makers to discuss the issue of withdrawal of zero-rated regime with real stakeholders and not with people having no grassroots knowledge of things. The opinion of outspoken businessmen w
Published 26 Jun, 2019 12:00am
Rs 3.5 billion PSC budget approved
Cotton

Rs 3.5 billion PSC budget approved

The Punjab government has approved allocation of Rs 3.5 billion for the Punjab Seed Corporation (PSC) for the year 2019-20. The approval of the budget was accorded by the PSC Board which met at the 115th budget meeting here on Tuesday. Punjab Agriculture
Published 26 Jun, 2019 12:00am
Nigerian team visits IPH

Nigerian team visits IPH

A 16-member delegation from Institute of Policy and Strategic Studies, Nigeria Tuesday paid a visit to the Institute of Public Health (IPH) in Lahore and appreciated the role of IPH in promotion of health education and prevention of diseases.
Published 26 Jun, 2019 12:00am
Minister for ensuring precautionary steps in flood like situation

Minister for ensuring precautionary steps in flood like situation

Provincial Minister for Communication & Works Sardar Muhammad Asif Nakai has directed the district administration Kasur to ensure all necessary precautionary measures in low-lying/vulnerable areas to avoid any loss of life/damage to public as well as priv
Published 26 Jun, 2019 12:00am
Engro Powergen Qadirpur Limited
Exchange

Engro Powergen Qadirpur Limited

Engro Powergen Qadirpur Limited (PSX: EPQL) is an independent power producer with 217 megawatts (MW) combined cycle power plant near Qadirpur, District Ghotki. It was incorporated in 2006 and is headquartered in Karachi. The plant is a combined cycle plan
Published 26 Jun, 2019 12:00am
Engro Powergen Qadirpur Limited
Exchange

Engro Powergen Qadirpur Limited

Engro Powergen Qadirpur Limited (PSX: EPQL) is an independent power producer with 217 megawatts (MW) combined cycle power plant near Qadirpur, District Ghotki. It was incorporated in 2006 and is headquartered in Karachi. The plant is a combined cycle plan
Updated 26 Jun, 2019 05:57am
Wheat scam: NAB summons heads of Larkana's eight godowns

Wheat scam: NAB summons heads of Larkana's eight godowns

The National Accountability Bureau (NAB) on Tuesday summoned eight wheat godown in-charges of Larkana over alleged corruption. The godown in-charges have been summoned to appear before NAB along with the concerned record.
Published 26 Jun, 2019 12:00am
Meeting held to discuss locusts' attack in Sindh

Meeting held to discuss locusts' attack in Sindh

Sindh Minister for Agriculture Muhammad Ismail Rahoo and Chief Secretary Sindh Syed Mumtaz Ali Shah co-chaired an important meeting regarding locusts control in various districts of the Sindh, at the Sindh secretariat here. Senior member board of revenue,
Published 26 Jun, 2019 12:00am
Seaford mayor Nazish Adil meets Karachi mayor

Seaford mayor Nazish Adil meets Karachi mayor

The Mayor of British coastal town Seaford Nazish Adil Tuesday called on Karachi Mayor at the latter's office "It is a pleasure for me to visit Pakistan and also Karachi's old city area. Specially, Saddar looked beautiful after removal of encroachments and
Published 26 Jun, 2019 12:00am
US MIDDAY: gold retraces
Exchange

US MIDDAY: gold retraces

Gold prices retreated from a six-year high on Tuesday after comments from US Federal Reserve officials trimmed expectations that the central bank will lower interest rates by half a percentage point next month. Federal Reserve Chairman Jerome Powell said
Published 26 Jun, 2019 12:00am
US MIDDAY: corn up, soya slips

US MIDDAY: corn up, soya slips

Chicago corn futures rose for a second straight day on Tuesday after the US Department of Agriculture (USDA) said the condition of US crops deteriorated last week following rain. Soyabeans turned lower on forecasts for a window of warmer and drier weather
Published 26 Jun, 2019 12:00am
Gold extends rally to six-year peak in Europe
Exchange

Gold extends rally to six-year peak in Europe

Gold prices surged to a five-year high on Tuesday, extending gains for a sixth straight session, on the back of expectations of monetary easing by the US Federal Reserve and a subdued dollar. Brewing tensions between the United States and Iran helped prop
Published 26 Jun, 2019 12:00am
Gold jumps in Asia
Exchange

Gold jumps in Asia

Gold prices climbed more than 1% on Tuesday to a six-year high, as the dollar slipped to multi-month lows on prospects of monetary easing by the Federal Reserve, while simmering US-Iran tensions lifted appeal for the safe-haven metal. Spot gold was up 0.9
Published 26 Jun, 2019 12:00am
Gold rises to near six-year top in New York

Gold rises to near six-year top in New York

Gold prices rose more than 1 percent on Monday to a near six-year peak as the dollar fell, with safe-haven bullion also boosted by US President Donald Trump's announcement to impose fresh sanctions on Iran. Spot gold was 1.2% higher at $1,415.16 an ounce
Published 26 Jun, 2019 12:00am
Coffee prices jump on Brazilian cold weather worry

Coffee prices jump on Brazilian cold weather worry

Arabica coffee futures on ICE surged on Tuesday to a three-week high as concerns about cold weather in top-grower Brazil helped lift prices through key technical levels, while raw sugar also climbed. September arabica coffee settled up 4.45 cent, or 4.3%,
Published 26 Jun, 2019 12:00am
Palm oil tumbles on lacklustre export data
Exchange

Palm oil tumbles on lacklustre export data

Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyaoil prices kept a lid on sentiment. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was down
Published 26 Jun, 2019 12:00am
Tokyo rubber falls for fourth session
Exchange

Tokyo rubber falls for fourth session

Tokyo Commodity Exchange (TOCOM) futures fell to a 3-week low on Tuesday, extending losses into a fourth straight session, as the yen's rise to a near six-month high versus the dollar prompted fresh selling. The benchmark TOCOM rubber contract for new Dec
Published 26 Jun, 2019 12:00am
Oil prices mixed ahead of US crude stock data

Oil prices mixed ahead of US crude stock data

Oil prices were mixed on Tuesday ahead of data expected to show US crude stocks declining, outweighing investors' concerns that US-China trade tensions could dampen fuel demand. Benchmark Brent crude futures settled up 19 cents, or 0.3%, at $65.05 a barre
Published 26 Jun, 2019 12:00am
Copper hits one-month high as Chile strike underlines deficit
Exchange

Copper hits one-month high as Chile strike underlines deficit

Copper prices reached a one-month high on Tuesday as a strike at a major mine in Chile underlined a supply shortfall, although investors were on edge ahead of US-China trade talks later this week. Benchmark copper on the London Metal Exchange (LME) ended
Published 26 Jun, 2019 12:00am
Cotton prices unchanged ahead of acreage report, US-China talks
Cotton

Cotton prices unchanged ahead of acreage report, US-China talks

ICE cotton futures were largely unchanged on Tuesday, as the market awaited more information from the plantings acreage report and the meeting between Washington and Beijing at the Group of 20 Summit due later this week. The most-active cotton contract on
Published 26 Jun, 2019 12:00am
Nato prepares 'defensive' response to Russia arms treaty breach

Nato prepares 'defensive' response to Russia arms treaty breach

Nato will this week decide how to respond to Russia's violation of a key Cold War arms treaty, alliance chief Jens Stoltenberg said Tuesday, insisting any measures would be defensive.The Intermediate-Range Nuclear Forces (INF) treaty is expected to formal
Published 26 Jun, 2019 12:00am
Hacker used $35 computer to steal restricted NASA data

Hacker used $35 computer to steal restricted NASA data

A hacker used a tiny Raspberry Pi computer to infiltrate NASA's Jet Propulsion Laboratory network, stealing sensitive data and forcing the temporary disconnection of space-flight systems, the agency has revealed. The April 2018 attack went undetected for
Published 26 Jun, 2019 12:00am
IS head in Yemen captured by special forces

IS head in Yemen captured by special forces

Saudi and Yemeni special forces have captured the head of the Islamic State group's branch in Yemen, the Saudi-led military coalition backing the country's government announced Tuesday. The leader identified as Abu Osama al-Muhajir was caught in an early
Published 26 Jun, 2019 12:00am
Kyrgyzstan charges ex-president with corruption

Kyrgyzstan charges ex-president with corruption

Kyrgyzstan's prosecutors charged a former president with corruption on Tuesday, paving the way for parliament to lift his immunity as a protracted power struggle threatens to roil the fragile ex-Soviet state. The state prosecutor's office said it had sent
Published 26 Jun, 2019 12:00am
US border chief quits

US border chief quits

The chief US customs and border enforcement official is stepping down amid an uproar over the treatment of migrant children detained along the border with Mexico, US media reported Tuesday. John Sanders will resign as acting commissioner of the Customs an
Published 26 Jun, 2019 12:00am
Mexico will not detain migrants at US border: president

Mexico will not detain migrants at US border: president

Mexico's president said Tuesday the 15,000 troops his government has deployed to the US border do not have orders to stop migrants from crossing, and vowed to investigate a controversial detention last week.
Published 26 Jun, 2019 12:00am
Pompeo hopes for Afghan peace deal 'before September 1'

Pompeo hopes for Afghan peace deal 'before September 1'

US Secretary of State Mike Pompeo said Tuesday he hopes for a peace deal with the Taliban "before September 1", speaking as he made his first visit to Kabul since Washington launched talks with the insurgents last year. Pompeo met with President Ashraf Gh
Published 26 Jun, 2019 12:00am
In legal first, court faults France over air pollution

In legal first, court faults France over air pollution

A court on Tuesday found the French state had failed to take sufficient steps to limit air pollution around Paris, a legal first in the country hailed by environmental campaigners as a victory for victims of dirty air.
Published 26 Jun, 2019 12:00am
Sri Lanka police overturn local council ban on Muslims

Sri Lanka police overturn local council ban on Muslims

Sri Lanka's police Tuesday stepped in to prevent a local council from banning Muslim traders from a weekly fair in another backlash from the devastating Easter attacks blamed on Islamic extremists. The local government body had ordered minority Muslims no
Published 26 Jun, 2019 12:00am
Critics hit out at millions spent on Harry and Meghan's home

Critics hit out at millions spent on Harry and Meghan's home

Prince Harry and his wife Meghan's new home in Windsor cost £2.4 million ($3.05 million, 2.7 million euros) of taxpayers' money to renovate, royal accounts showed Tuesday, prompting criticism from anti-monarchy campaigners.
Published 26 Jun, 2019 12:00am
CBOT wheat futures jump on global crop concerns

CBOT wheat futures jump on global crop concerns

Chicago Board of Trade (CBOT) wheat futures rallied more than 2% on Monday on global crop concerns due to a heat wave in Europe and excessive harvest-time rains in the US wheat belt, traders said. CBOT July soft red winter wheat settled up 12 cents at $5.
Published 26 Jun, 2019 12:00am
European gasoline margins hit two-week high

European gasoline margins hit two-week high

Northwest European gasoline refining margins rose to a two-week high of $8.86 on Monday, supported by a fire at a major US East Coast refinery. Philadelphia Energy Solutions hopes to begin restart of the 868 FCC unit at the Point Breeze section of the Phi
Published 26 Jun, 2019 12:00am
Spot rate sharply down on cotton market
Cotton

Spot rate sharply down on cotton market

Official spot rate was sharply down on the cotton market on Tuesday in the process of modest trading activity, dealers said. The official spot rate dropped by Rs 200 to Rs 8500, they added. In ready session, 1200 bales of cotton changed hands between Rs 8
Published 26 Jun, 2019 12:00am
Activities at Karachi and Port Qasim

Activities at Karachi and Port Qasim

The Karachi Port handled 112,360 tonnes of cargo comprising 73,443 tonnes of import cargo and 38,917 tonnes of export cargo including 7,646 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 26 Jun, 2019 12:00am
China steel futures surge as demand picks up
Exchange

China steel futures surge as demand picks up

China steel futures surged on Monday, with construction material rebar hitting a near eight-year high and hot-rolled coil climbing to an all-time peak, as demand picked up while output restrictions have been extended to reduce air pollution.
Published 26 Jun, 2019 12:00am
EU wheat prices rise as hot spell takes hold in Europe

EU wheat prices rise as hot spell takes hold in Europe

European wheat prices rose on Monday as a heatwave set to last all week in western Europe raised the risk of yield losses although good crop development in many regions was likely to limit damage, traders said. Front month September milling wheat on Paris
Published 26 Jun, 2019 12:00am
CBOT soyabean futures climb

CBOT soyabean futures climb

Chicago Board of Trade (CBOT) soyabean futures climbed on Monday as rainy US Midwest weather threatened to further stall soya planting progress, traders said. Traders are building a risk premium into the market ahead of the US Department of Agriculture (U
Published 26 Jun, 2019 12:00am
Asia's naphtha gains; gasoline at one-month high

Asia's naphtha gains; gasoline at one-month high

Asia's naphtha crack edged up to a three-session high of $24.68 a tonne on Monday, while gasoline margin rose to a one-month high of $3.89 a barrel supported by supply disruptions in the US. Gasoline supply from the US East Coast's largest refinery Philad
Published 26 Jun, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,975. The traded value of Metals, Energy and COTS/FX was recorded at PKR 14.993 billion and the number of lots traded 11,594.
Published 26 Jun, 2019 12:00am
Brazilian real falls, dollar lifts other Latam forex
Exchange

Brazilian real falls, dollar lifts other Latam forex

The Brazilian real dipped on Tuesday on worries about the country's economy and pension reform plans, while other Latin American currencies rose against a weaker dollar. The Brazilian real edged lower for a second day, while the Mexican peso hovered near
Published 26 Jun, 2019 12:00am
No-deal Brexit fears keep sterling subdued
Currency

No-deal Brexit fears keep sterling subdued

Sterling weakened against the dollar after hitting its highest in a month on Tuesday as the risk of a no-deal Brexit stemming from the Conservative Party leadership contest weighed on the currency. The pound has been supported to some extent by last week'
Published 26 Jun, 2019 12:00am
Aussie, kiwi rally for 6th day
Exchange

Aussie, kiwi rally for 6th day

The Australian and New Zealand dollars were on track for a sixth straight session of gains on Tuesday against a US dollar weakened by expectations for an aggressive cut in interest rates by the Federal Reserve next month. The Australian dollar climbed to
Published 26 Jun, 2019 12:00am
Asian units underpinned by Sino-US optimism
Currency

Asian units underpinned by Sino-US optimism

Most Asian currencies rose on Tuesday as talks between top US and Chinese trade officials supported appetite for emerging market assets, although investors were still skittish ahead the meeting between Donald Trump and Xi Jinping later this week. Dialogue
Published 26 Jun, 2019 12:00am
Dollar softens against basket of currencies in New York
Exchange

Dollar softens against basket of currencies in New York

The dollar softened against a basket of currencies on Monday on bets the US Federal Reserve may lower interest rates more than once this year, while tensions between Iran and the United States provided safe-haven support for the yen.
Published 26 Jun, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Jun, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 25, 2019).
Published 26 Jun, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 25, 2019).

Published 26 Jun, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Jun, 2019 12:00am