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Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-07-04
PPP MNAs flay end of Zardari's production order

PPP MNAs flay end of Zardari's production order

Member National Assembly belonging to Pakistan Peoples Party Qadir Patel, Agha Rafiullah and Shagufta Jummani in a joint statement have said that stopping the production order of former President Asif Ali Zardari amounts to denying the Parliament and its
Published 04 Jul, 2019 12:00am
Asset declaration by PM: Nafisa asks SC to take notice

Asset declaration by PM: Nafisa asks SC to take notice

Secretary Information Pakistan Peoples Party Parliamentarians Dr Nafisa Shah has asked the Supreme Court to take notice of false declaration of assets by 'selected' PM Imran Khan in the Election Commission of Pakistan.
Published 04 Jul, 2019 12:00am
PTV earns Rs 300 million profit in FY19

PTV earns Rs 300 million profit in FY19

The state-run TV channel, Pakistan Television Corporation got 2.5% increase in its revenue and secured Rs 300 million profit in the last financial year (2018-19), according the managing director PTV. The Senate Standing Committee on Information, Broadcast
Published 04 Jul, 2019 12:00am
PTV earns Rs 300 million profit in FY19

PTV earns Rs 300 million profit in FY19

The state-run TV channel, Pakistan Television Corporation got 2.5% increase in its revenue and secured Rs 300 million profit in the last financial year (2018-19), according the managing director PTV. The Senate Standing Committee on Information, Broadcast
Published 04 Jul, 2019 12:00am
Opposition parties' Rahbar body meeting put off

Opposition parties' Rahbar body meeting put off

The meeting of the Rahbar Committee scheduled on Tuesday did not take place as the PML-N nominated members rushed to Lahore following the arrest of Rana Sanaullah, the party's president of Punjab chapter the same day; an alternate date has yet to be agree
Published 04 Jul, 2019 12:00am
LHC restrains NAB from taking coercive measures against Rana Mashood

LHC restrains NAB from taking coercive measures against Rana Mashood

The Lahore High Court on Wednesday restrained the National Accountability Bureau (NAB) from taking coercive action against PML-N sitting MPA and former provincial minister Rana Mashood Ahmad Khan. The court sought reply from the NAB on a point as to how a
Published 04 Jul, 2019 12:00am
PTA-GSMA Capacity-building Centre of Excellence established

PTA-GSMA Capacity-building Centre of Excellence established

Pakistan Telecommunication Authority (PTA) and GSM Association (GSMA) has agreed to establish the first ever international 'PTA-GSMA Capacity Building Centre of Excellence'. The signing ceremony was held at PTA Headquarters, Islamabad. Under the agreement
Published 04 Jul, 2019 12:00am
Mirza Qaleech Baig remembered

Mirza Qaleech Baig remembered

The 90th death anniversary of Mirza Qaleech Baig was observed at Benazir Bhutto Chair & Convention Centre, University of Sindh, Jamshoro which was organized by the Mirza Qaleech Baig Chair here on Wednesday. Speaking at the ceremony, the speakers paid glo
Published 04 Jul, 2019 12:00am
Blood donation drive held at Pavilion End Club

Blood donation drive held at Pavilion End Club

A A Joyland Pvt Ltd and Al Mustafa Welfare Trust joined hands to hold a blood donation drive at the Pavilion End Club for acute thalassemia patients. Staff of the A A Joyland and members of Pavilion End club participated in large numbers to donate pints o
Published 04 Jul, 2019 12:00am
Eight injured in Turbat's hand grenade attack

Eight injured in Turbat's hand grenade attack

At least eight people including public servants were injured in a hand grenade attack by unknown motorcyclists, here on Wednesday. According to details, unidentified miscreants who came on motorcycle hurled hand grenade on people in main bazaar Bismillah
Published 04 Jul, 2019 12:00am
NIH confirms five polio cases in KP's districts

NIH confirms five polio cases in KP's districts

Due to persistent propagandas and parents' refusal to vaccinate their children has yet again led to the paralysis of five more innocent children in KPK raising the total count of polio cases so far for 2019 to 31 and to 37 in the country. According to a n
Published 04 Jul, 2019 12:00am
KPFA destroys 9,000 litres of 'fake' drinks

KPFA destroys 9,000 litres of 'fake' drinks

Khyber Pakhtunkhwa Food Authority (KPFA) in a crackdown on the request of district administration Nowshehra discarded 9000 litres of fake cold drinks and sealed a production unit in Bara Banda area on Wednesday. KPFA Director General Riaz Khan Mahsud in a
Published 04 Jul, 2019 12:00am
Advisory for farmers

Advisory for farmers

The Met Office on Thursday asked the farmers for taking steps to clean the standing crops especially the peanut. Besides, the farmers should irrigate their Kharif crops regularly keeping in view the continuing weather it said rice growers should sow the c
Published 04 Jul, 2019 12:00am
Murtaza slams PTI's economic policies

Murtaza slams PTI's economic policies

Advisor to Chief Minister Sindh on Information, Law and Anti Corruption Barrister Murtaza Wahab, in his statement issued here on Wednesday, said that Imran Khan calls himself a tsunami and tsunami is the second name of the destruction. He said that the ts
Published 04 Jul, 2019 12:00am
Tug-of-war between KE, KMC intensifies

Tug-of-war between KE, KMC intensifies

Tug of war between K-Electric and Karachi Metropolitan Corporation (KMC) is intensifying with each passing day as the civic body's anti-encroachment teams demolishing KE's office properties, whereas the power utility is disconnecting electricity of civic
Published 04 Jul, 2019 12:00am
Rain forecast for upper, central parts of country

Rain forecast for upper, central parts of country

The Met Office on Wednesday forecast the first major monsoon rainy spell coupled with dust-thunderstorm for the central and upper parts of the country during next two days. A weak to moderate monsoon current is penetrating north eastern parts of the count
Published 04 Jul, 2019 12:00am
FPCCI chief seeks level playing field for business community

FPCCI chief seeks level playing field for business community

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has urged the government to provide the level playing field to business community as the continuous rising of utility prices, high interest rate an
Published 04 Jul, 2019 12:00am
Port Qasim Karachi collects Rs 182.608 billion during FY 2018-19

Port Qasim Karachi collects Rs 182.608 billion during FY 2018-19

Port Qasim Karachi has collected customs duty of Rs 182.608 billion during the financial year 2018-19 against Rs 155.292 billion in the corresponding period of the last year, registering a growth of 17.5 percent on year-on-year basis. The collection is ab
Published 04 Jul, 2019 12:00am
PIA Hajj operation begins on Friday

PIA Hajj operation begins on Friday

PIA Pre-Hajj operation of transporting intending pilgrims to Saudi Arabia from Pakistan will commence from July 5, 2019. PIA will transport more than 78,000 intending pilgrims to Saudi Arabia through nearly 300 flights from Pakistan.
Published 04 Jul, 2019 12:00am
Power outages at Hub, Gharo create water shortage

Power outages at Hub, Gharo create water shortage

Back to back power breakdowns at Karachi Water & Sewerage Board's (KW&SB) strategic hub and Gharo stations halted water supply to Karachi here on Wednesday. Also, the power outage affected a 220 horse power motor of Gharo pumping station, the board offici
Published 04 Jul, 2019 12:00am
PTI's dream of changing Sindh's govt shattered: Murad

PTI's dream of changing Sindh's govt shattered: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that change of the government in Sindh is a shattered dream of the PTI leadership. "Now, they are trying to resort to magical tricks but these [magical] tricks won't work in Sindh."
Published 04 Jul, 2019 12:00am
Azfar Ahsan elected IFMP BoD member

Azfar Ahsan elected IFMP BoD member

Founder of Corporate Pakistan Group and Nutshell Conferences Muhammad Azfar Ahsan elected as the member of Board of Directors of Institute of Financial Markets of Pakistan (IFMP) for three years term. IFMP (previously ICM) was established, in 2008, by SEC
Published 04 Jul, 2019 12:00am
APTPMA urges govt to continue zero-rated regime for one month

APTPMA urges govt to continue zero-rated regime for one month

All Pakistan Textile Processing Mills Association (APTPMA) has urged the federal government for continuation of zero-rated regime for one month to devise a mechanism for payment of sales tax. Operations of textile processing mills remained suspended on th
Published 04 Jul, 2019 12:00am
NUST MCS students display final year projects

NUST MCS students display final year projects

Graduating students from NUST Military College of Signals (MCS) displayed their final year projects at MCS Open House 2019, held at the College here on Wednesday. The annual event not only provides an avenue for strengthening liaison between academia and
Published 04 Jul, 2019 12:00am
'Operation Swift Retort' testimony to our preparedness: Air Chief

'Operation Swift Retort' testimony to our preparedness: Air Chief

Chief of the Air Staff, Pakistan Air Force (PAF) Air Chief Marshal Mujahid Anwar Khan Wednesday said that the Operation Swift Retort is a testimony to our preparedness and professionalism. This he said while addressing as a chief guest at the graduation c
Published 04 Jul, 2019 12:00am
Samba Financial Group chief meets Imran

Samba Financial Group chief meets Imran

A meeting was held on 1st July, 2019 between Ammar Abdul Wahid Al-Khudairy (Chairman, Samba Financial Group, KSA) and PM Imran Khan along with his advisors of Finance, Commerce, Petroleum, Overseas Pakistanis and Deputy Governor of State Bank.
Published 04 Jul, 2019 12:00am
KU cancels six admissions

KU cancels six admissions

The University of Karachi (KU) on Wednesday cancelled six admissions after the verification from the KU Examinations Department and Board of Intermediate Education Karachi. The KU Enrolment Section has found six students who submitted tampered/forged mark
Published 04 Jul, 2019 12:00am
CDWP will clear first phase of 10BTTP today

CDWP will clear first phase of 10BTTP today

The Central Development Working Party (CDWP) will clear the first phase of Ten Billion Tsunami Tree Project (10BTTP) with a cost of Rs 7.5 billion on Thursday (today) for the current financial year while all provinces would match the figure as well, said
Published 04 Jul, 2019 12:00am
Model Town case: LHC's full bench irked over absence of AG Punjab

Model Town case: LHC's full bench irked over absence of AG Punjab

A full bench of the Lahore High Court on Wednesday showed displeasure over the absence of Advocate General Punjab in proceedings against a Joint Investigation Team (JIT) formed by the government to hold a fresh probe into the Model Town killings incident.
Published 04 Jul, 2019 12:00am
14th graduation ceremony of Amal Academy held

14th graduation ceremony of Amal Academy held

Amal Academy, an education start-up founded out of Stanford University held their 14th graduation ceremony for over 480 university students at the Ali Institute of Education on Wednesday.
Published 04 Jul, 2019 12:00am
KMBL helps set up children camping site near Margalla Hills

KMBL helps set up children camping site near Margalla Hills

In an effort to uplift the natural environment of the capital city, Khushhali Microfinance Bank, helped to set up a Children camping site near trail 5 at Margalla Hills, Islamabad on Wednesday. The project is an initiative of the Islamabad Wild Life Manag
Published 04 Jul, 2019 12:00am
CTD claims major success in action against banned outfits

CTD claims major success in action against banned outfits

To implement the sanctions imposed by the National Security Committee (NSC) on proscribed organisations involved in terror financing, the Punjab Counter-Terrorism Department (CTD) claimed on Wednesday to have achieved a major breakthrough in its ongoing c
Published 04 Jul, 2019 12:00am
Two gunned down, two hurt at AIIA's parking lot

Two gunned down, two hurt at AIIA's parking lot

In a 'security lapse' on the part of Airport Security Force (ASF), at least two people were killed while two others sustained injuries in a firing incident at Allama Iqbal International Airport (AIIA) on Wednesday.
Published 04 Jul, 2019 12:00am
OLMT project's 94 percent work completed, claims official

OLMT project's 94 percent work completed, claims official

Punjab government has claimed that 94 percent of Orange Line Metro Train (OLMT) Project has been completed and remaining work will be completed by the end of this current year. The secretary transport disclosed this while briefing the participants of a me
Published 04 Jul, 2019 12:00am
Punjab CM orders crackdown against hoarders

Punjab CM orders crackdown against hoarders

Punjab Chief Minister Sardar Usman Buzdar has directed authorities concerned to initiate a massive crackdown against the hoarders and made it clear that the people will not be left at the mercy of those responsible for creating artificial price hike. The
Published 04 Jul, 2019 12:00am
Steps afoot to boost agriculture products' exports: minister

Steps afoot to boost agriculture products' exports: minister

Although Pakistan is already exporting rice to China but there is still more room for increasing the quantity. There is also a demand for Pakistani vegetables and mangoes in China which may be exported after better processing. Punjab Minister for Agricult
Published 04 Jul, 2019 12:00am
PM gives new hope for corruption-free Pakistan: Buzdar

PM gives new hope for corruption-free Pakistan: Buzdar

Punjab chief minister Sardar Usman Buzdar Wednesday said that the Prime Minister Imran Khan has given new hope to the nation and honest leadership will achieve the goal of a corruption-free Pakistan.
Published 04 Jul, 2019 12:00am
Sanaullah being deprived of basic facilities in jail, alleges PML-N

Sanaullah being deprived of basic facilities in jail, alleges PML-N

Terming Prime Minister Imran Khan as a 'fascist', Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif said on Wednesday that the government is playing with the health of Rana Sanaullah and if anything happened to him, Imran Niazi would be direct
Published 04 Jul, 2019 12:00am
PCJCCI to introduce Chinese techniques in paper machinery

PCJCCI to introduce Chinese techniques in paper machinery

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has taken an initiative to introduce the Chinese techniques in paper machinery and environmental protection equipment by conducting a B2B session with various Chinese companies. Some renowned
Published 04 Jul, 2019 12:00am
Pakgen Power Limited
Mutual Funds

Pakgen Power Limited

With head office in Lahore, Pakgen Power Limited (PSX: PKGP) was incorporated in 1995, while the company started commercial operations in early 1998. The principal activity of the power company is to own, operate and maintain a 365MW oil fired power stati
Published 04 Jul, 2019 12:00am
Pakgen Power Limited
Mutual Funds

Pakgen Power Limited

With head office in Lahore, Pakgen Power Limited (PSX: PKGP) was incorporated in 1995, while the company started commercial operations in early 1998. The principal activity of the power company is to own, operate and maintain a 365MW oil fired power stati
Published 04 Jul, 2019 12:00am
Senate body summons Wapda to discuss Sindh's water-theft charges

Senate body summons Wapda to discuss Sindh's water-theft charges

Senate Standing Committee on Water Resources has summoned Water and Power Development Authority (Wapda) in its next meeting for presentation on water theft charges hurled by Sindh. The committee headed by Senator Shamim Afridi took this decision after Sen
Published 04 Jul, 2019 12:00am
SNGPL takes action against textile dyeing unit

SNGPL takes action against textile dyeing unit

In an operation against gas thieves, Sui Northern Gas Head Office Task force raided a textile dyeing unit in Jiya Mosay area where gas was being used from the main line through direct bypass.
Published 04 Jul, 2019 12:00am
BMP leader urges long-term strategy for agri sector

BMP leader urges long-term strategy for agri sector

Secretary General (Federal) of Businessmen Panel (BMP), Ahmad Jawad has stressed the need for having a long-term strategy for reducing the vulnerability of the farming community and accelerating agriculture development.
Published 04 Jul, 2019 12:00am
APCNGA-KP threatens to shut down CNG stations over price hike

APCNGA-KP threatens to shut down CNG stations over price hike

All Pakistan CNG Association Khyber Pakhtunkhwa (APCNGA-KP) chapter has warned to close down CNG filling stations across the province against the revised and recent unprecedented hike in gas prices. Speaking at a news conference at Peshawar Press Club on
Published 04 Jul, 2019 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold steadied on Wednesday, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal, while global growth concerns and prospects for dovish monetary policy kept bullion supported. Spot gold was steady at $1,416.98 per o
Published 04 Jul, 2019 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

Chicago corn, soyabean and wheat futures all settled higher on Wednesday on technical buying and as traders adjusted positions ahead of the Independence Day holiday. The September corn contract on the Chicago Board of Trade settled up 17-3/4 cents at $4.3
Published 04 Jul, 2019 12:00am
Gold stabilises in European trade

Gold stabilises in European trade

Gold steadied on Wednesday, paring earlier gains as a rally in equities reduced the attraction of the non-yielding metal, while global growth concerns and prospects for dovish monetary policy kept bullion supported. Spot gold was $1,416.07 per ounce as of
Published 04 Jul, 2019 12:00am
Gold gains in Asia
Exchange

Gold gains in Asia

Gold prices touched a one-week high on Wednesday, driven by upbeat safe-haven sentiment as hopes of a quicker resolution of the US-China trade dispute ebbed, while a potential trade feud with Europe deepened concerns over tepid economic growth. Spot gold
Published 04 Jul, 2019 12:00am
Gold jumps in NY
Exchange

Gold jumps in NY

Gold prices rose 1.5% on Tuesday, a day after posting the biggest one-day percentage fall in 2-1/2 years, as US Treasury yields fell on worries over global growth and renewed concerns over global trade. Spot gold jumped 1.55% to $1,405.53 per ounce at 1:3
Published 04 Jul, 2019 12:00am
Arabica coffee rebounds to set new seven-month high

Arabica coffee rebounds to set new seven-month high

Arabica coffee futures on ICE rebounded on Wednesday, erasing the prior session's losses and setting a new seven-month high as speculators covered short positions on mounting concerns about cold, potentially frost-inducing weather in top-grower Brazil. IC
Published 04 Jul, 2019 12:00am
Malaysian palm oil down
Vegetable Oil

Malaysian palm oil down

Malaysian palm oil futures charted a decline on Wednesday evening after two sessions of gains, falling over 1% tracking overnight weakness in crude oil and Chicago Board of Trade (CBOT) soyaoil. The benchmark palm oil contract for September delivery on th
Published 04 Jul, 2019 12:00am
Tokyo rubber hits three-month low
Exchange

Tokyo rubber hits three-month low

Tokyo Commodity Exchange (TOCOM) futures slipped to a 3-month low on Wednesday, amid a flurry of technical selling and weighed down by a stronger yen against the US dollar. The benchmark TOCOM rubber contract for December delivery finished 6.4 yen, or 3.4
Published 04 Jul, 2019 12:00am
Copper hovers near two-week low as trade deal pessimism sets in
Exchange

Copper hovers near two-week low as trade deal pessimism sets in

Copper prices were stuck near a two-week low on Wednesday as uncertainty over US-China trade talks injected pessimism into the demand outlook and stockpiles in London Metal Exchange (LME) warehouses jumped to the highest in a year. Benchmark copper on the
Published 04 Jul, 2019 12:00am
Cotton prices down as investors liquidate ahead of US holiday
Cotton

Cotton prices down as investors liquidate ahead of US holiday

ICE cotton futures eased on Wednesday, as selling ahead of the US Independence day holiday reversed an early rise of nearly 1%. The most-active cotton contract on ICE Futures US, the third-month December contract, settled down 0.04 cent, or 0.06 %, at 67.
Published 04 Jul, 2019 12:00am
Iran to bypass uranium enrichment maximum despite calls for rethink

Iran to bypass uranium enrichment maximum despite calls for rethink

Iran ignored US and EU warnings Wednesday and vowed to exceed within days the maximum uranium enrichment level it agreed to in the landmark 2015 nuclear accord. Iran is acting on its May 8 threat to suspend parts of the agreement in response to US Preside
Published 04 Jul, 2019 12:00am
Six killed in Bangladesh textile factory blaze

Six killed in Bangladesh textile factory blaze

Fire tore through a textile factory in central Bangladesh killing at least six people, officials said Wednesday. The fire brigade took 12 hours to control the blaze at the huge factory in Sreepur, near the capital Dhaka, which cast fresh attention on safe
Published 04 Jul, 2019 12:00am
Erdogan says people live happily in Xinjiang

Erdogan says people live happily in Xinjiang

Chinese state media have said Turkish President Recep Tayyip Erdogan told President Xi Jinping that ethnic minorities live happily in Xinjiang, in what would be a stark reversal of Ankara's past criticism of Beijing's crackdown in the region.
Published 04 Jul, 2019 12:00am
Putin formally suspends INF treaty

Putin formally suspends INF treaty

Russian President Vladimir Putin on Wednesday signed into law a bill on the suspension of a crucial arms control treaty signed by US president Ronald Reagan and Soviet leader Mikhail Gorbachev. The Intermediate-Range Nuclear Forces (INF) treaty that limit
Published 04 Jul, 2019 12:00am
Eight dead, 15 missing after Indian dam breached

Eight dead, 15 missing after Indian dam breached

Eight people were killed and at least 15 were missing on Wednesday after the heaviest monsoon rains in a decade breached a dam in the western Indian state of Maharashtra, authorities said. In the state capital Mumbai, the death toll from a wall collapse i
Published 04 Jul, 2019 12:00am
One tourist reported dead in Stromboli volcano eruption

One tourist reported dead in Stromboli volcano eruption

A volcano on the Italian island of Stromboli erupted dramatically on Wednesday, reportedly killing a hiker and sending tourists fleeing. The volcano is known to be active but on Wednesday there was a particularly powerful eruption. Italian media reported
Published 04 Jul, 2019 12:00am
US sanctions Cuban state-run oil company over Venezuela
Exchange

US sanctions Cuban state-run oil company over Venezuela

The United States on Wednesday sanctioned Cuba's state-run oil firm, Cubametales, over continued importation from Venezuela amid an American embargo meant to undermine the Caracas regime. Venezuelan President Nicholas Maduro "is clinging to Cuba to stay i
Published 04 Jul, 2019 12:00am
US auto industry legend Lee Iacocca dies

US auto industry legend Lee Iacocca dies

Automobile industry legend Lee Iacocca, who is credited with creating the iconic Ford Mustang and saving Chrysler from bankruptcy, died Tuesday at the age of 94, US media reported. Iacocca died at his home in Bel-Air, a neighborhood of Los Angeles, from c
Published 04 Jul, 2019 12:00am
UN, EU call for probe into deadly strike on Libya migrant centre

UN, EU call for probe into deadly strike on Libya migrant centre

Calls for an independent probe mounted Wednesday after more than 40 migrants were killed in an air strike on a detention centre in Libya that the UN said could constitute a war crime. UN chief Antonio Guterres denounced the "horrendous" attack and demande
Published 04 Jul, 2019 12:00am
US waste driving global garbage glut

US waste driving global garbage glut

The United States is driving a worldwide waste boom that poses a severe risk to human health, the environment and the economy, according to anew study of global garbage trends published Wednesday. Data on the combined solid, plastic, food and hazardous w
Published 04 Jul, 2019 12:00am
CBOT wheat hits three-week low

CBOT wheat hits three-week low

Chicago Board of Trade wheat futures fell on Tuesday, with the benchmark September contract hitting a three-week low on improving weather for the US winter wheat harvest, traders said. CBOT September soft red winter wheat settled down 8-1/2 cents at $5.03
Published 04 Jul, 2019 12:00am
CBOT corn futures higher

CBOT corn futures higher

Chicago Board of Trade corn futures ended higher on Tuesday on disappointing weekly US crop condition ratings and technical buying, traders said. CBOT September corn settled up 3-1/2 cents at $4.19 per bushel after dipping to $4.13-1/4, its lowest since M
Published 04 Jul, 2019 12:00am
Buying by mills improves on cotton market
Cotton

Buying by mills improves on cotton market

Mills' buying improved on the cotton market on Tuesday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8100, they added. In ready session, around 7000 bales of cotton changed hands between Rs 8000-8250, they sa
Published 04 Jul, 2019 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 137,019 tonnes of cargo comprising 69,140 tonnes of import cargo and 67,879 tonnes of export cargo including 6,771 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 04 Jul, 2019 12:00am
US natural gas futures fall on cooler weather
Exchange

US natural gas futures fall on cooler weather

US natural gas futures fell to their lowest in a week on Monday on forecasts for cooler weather and less demand over the next two weeks than previously expected. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 4.1 cent
Published 04 Jul, 2019 12:00am
China iron ore price doubles in 2019 on tight supply
Exchange

China iron ore price doubles in 2019 on tight supply

Dalian iron ore extended its record-smashing rally on Tuesday and doubled in value this year, as data showing Brazil's exports of the steelmaking input fell in June bolstered expectations of sustained tightness in supply in top steel producer China. Shang
Published 04 Jul, 2019 12:00am
CBOT soyabean futures lower on improving weather

CBOT soyabean futures lower on improving weather

Chicago Board of Trade soyabean futures declined on Tuesday for a second straight session, pressured by improved crop weather in the US Midwest coupled with questions about export demand, traders said. CBOT August soyabeans settled down 10 cents at $8.79-
Published 04 Jul, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,962. The traded value of Metals, Energy and COTS/FX was recorded at PKR 17.721 billion and the number of lots traded 12,797.
Published 04 Jul, 2019 12:00am
FWBL profit rates

FWBL profit rates

First Women Bank Limited has declared the following rates of profit on PLS deposits for the period from 1st January to 30th June 2019.
Published 04 Jul, 2019 12:00am
Aussie, kiwi get respite

Aussie, kiwi get respite

The Australian and New Zealand dollars steadied against their US counterpart on Wednesday, as global growth worries rekindled speculation of aggressive easing from the Federal Reserve and drove Treasury yields lower. The Aussie dollar stood at $0.6995, ha
Published 04 Jul, 2019 12:00am
Sri Lankan rupee gains

Sri Lankan rupee gains

The Sri Lankan rupee closed firmer at 176.00/10 per dollar, compared with Tuesday's close of 176.30/40, market sources said. The rupee rose 0.17% last week, and is up 3.75% so far this year. The rupee dropped 16% in 2018 and was one of the worst-performin
Published 04 Jul, 2019 12:00am
Weak data, rate cut bets weigh on sterling

Weak data, rate cut bets weigh on sterling

Sterling and gilt yields fell on Wednesday as economic data reinforced money markets' view that the Bank of England would join its central bank counterparts in cutting interest rates to shore up a worsening economic outlook.
Published 04 Jul, 2019 12:00am
South Africa's rand steadies

South Africa's rand steadies

South Africa's rand was little changed late on Wednesday, struggling for momentum along with stocks as worries that a prolonged US-China trade war will slow global growth put emerging markets under pressure. At 1500 GMT, the rand was trading at 14.0800 pe
Published 04 Jul, 2019 12:00am
Asia currencies grapple with growth, trade concerns
Currency

Asia currencies grapple with growth, trade concerns

Most emerging Asian currencies on Wednesday were shackled by underlying doubts about whether the United States and China could iron out their differences and strike a lasting deal to end their year-long trade war. Surveys this week showing faltering globa
Published 04 Jul, 2019 12:00am
Latam FX steadies

Latam FX steadies

Amid growth worries, Latin American currencies were quiet against a steady dollar on Wednesday as investors gauged the implications of the nomination of the IMF's Christine Lagarde to head the European Central Bank. Markets are hoping that International M
Published 04 Jul, 2019 12:00am
Dollar slips in NY as US-China trade optimism ebbs
Currency

Dollar slips in NY as US-China trade optimism ebbs

The dollar slipped from two-week highs on Tuesday, as optimism about US-China trade negotiations dwindled, even as US President Donald Trump turned his attention to the European Union with threats of additional tariffs. The Australian dollar led all gaine
Published 04 Jul, 2019 12:00am
Dollar near one-week low against yen in Europe
Currency

Dollar near one-week low against yen in Europe

The dollar slipped to a one-week low against the Japanese yen on Wednesday, undermined by the steady fall in US Treasury bond yields, fading optimism over the Sino-US trade deal and the possibility of fresh tariff hostilities with Europe. Meanwhile the Sw
Published 04 Jul, 2019 12:00am
Dollar struggles in Asia
Currency

Dollar struggles in Asia

The dollar struggled for traction on Wednesday as fading hopes for any near-term Sino-US trade deal revived safe-haven demand and drove US bond yields to their lowest levels since late 2016. US yields also tracked a decline in their British counterparts t
Published 04 Jul, 2019 12:00am
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