Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Chinese iron ore futures fell over 4% on Friday, their most in four weeks, and clocked their second consecutive weekly loss, after Brazil announced a rebound in exports of the steelmaking material in July. Worries about demand for steel products also weig
Chicago Board of Trade (CBOT) soyabean futures rose on short covering and bargain buying on Friday in a turnaround from a slump to their lowest prices in more than two months on Thursday, traders said. CBOT August soyabeans edged up 3-1/4 cents to $8.50-1
Export prices for Vietnamese rice fell this week on fears major buyer Philippines could curb imports, while a drought in Thailand and widespread floods in Bangladesh hit supply in the Asian hubs. In Vietnam, 5% broken rice rates fell to $340-$350 a tonne
ICE Canadian canola futures rose on Friday, halting a four-day skid on short-covering and strength in soyaoil. Funds covered part of their short position after the November contract bounced off the support level of $440 on Thursday, a trader said. Lack of
Physical gold demand was mixed in Asian hubs as consumers cashed in on brief price rallies while global uncertainties prompted some safe-haven demand. Global benchmark spot gold was on course for a weekly gain, having jumped nearly 2% on an escalation in
US natural gas futures on Friday fell to a fresh three-year low on forecasts for less demand through mid-August than previously expected, despite a pipeline explosion that reduced some output from the Marcellus and Utica shale. Even though power demand an
Cotton prices continued to decline on the cotton market Monday due to less buying interest and because of rising fears over escalation in US-China trade war, dealers said.
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,016. The traded value of Metals, Energy and COTS/FX was recorded at PKR 52.897 billion and the numbers of lots traded were 43,287.
Brazil could see record corn and soya harvests in the 2019-20 season dependent on good weather, as farmers are expected to broaden plantings, Datagro Consultoria said on Wednesday.
Asia's naphtha crack retreated to a three-session low of $30.63 a tonne on Friday, after hitting a more than two-week high the previous day, with spot demand mostly muted following a string of recent purchases. These included deals made by the Japanese, S
Chicago Board of Trade (CBOT) wheat futures jumped on Friday on technical buying and short covering, following recent declines, traders said. CBOT September soft red winter wheat ended up 15 cents at $4.90-3/4 per bushel. The gains were a turnaround after
Indian farmers have planted 78.8 million hectares with summer-sown crops so far, farm ministry data showed on Friday, down 6.6% from last year mainly due to a weak start to the monsoon. The outlook is better, however, as monsoon rains are expected to be p
Flour mills in South Korea on Friday purchased a total of some 85,250 tonnes of milling wheat to be sourced from the United States, European traders said. Two purchases were made involving different wheat grades. Shipment was reported to be in October, tr
European wheat futures were hovering just above a three-week low on Friday, with the harvest winding down in parts of France and Germany and expected to gather pace in Britain over the next few days. Benchmark December milling wheat futures on Euronext we
The Karachi Port handled 189,659 tonnes of cargo comprising 134,988 tonnes of import cargo and 54,671 tonnes of export cargo including 3,055 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 13
Bargain buying and short covering lifted Chicago Board of Trade (CBOT) corn futures on Friday after the market touched an 11-week low a day earlier, traders said. CBOT September corn rose 6-3/4 cents to $3.99-1/2 per bushel. New-crop December corn advance
Brazil's soyabean exports fell in July due to weaker demand from the world's largest importer, China, but corn exports from the South American country hit a monthly high in July, government data showed on Thursday. Soyabean exports from the world's larges
Vietnam's domestic coffee prices edged higher this week on low supplies, but traders said domestic prices would not rise further as the new harvest season would begin soon. Farmers in the Central Highlands, Vietnam's largest coffee growing area, sold coff
Gulf stock markets tumbled on Monday and Qatar suffered its biggest single-day loss as a new war of trade between the United States and China drove investors towards safer assets. Investors are also cashing in their positions ahead of a religious holiday
Tokyo stocks closed sharply lower on Monday, weighed down by a strong yen and tracking losses on Wall Street amid US-China trade woes. The benchmark Nikkei 225 index dropped 1.74 percent, or 366.87 points, to end at 20,720.29 while the broader Topix index
The Dow Jones Industrial Average tumbled more than 700 points in a global selloff on Monday, triggered by China's willingness to let the yuan slide in response to the latest US threats on trade. The yuan sank to its lowest level in more than a decade, and
Sri Lankan shares fell for the fifth straight session on Monday and closed at their lowest in more than one week, as investors sold banking and telecom stocks, while the rupee ended weaker due to importer dollar demand. The country's benchmark stock index
Southeast Asian stock markets plunged on Monday, with the Philippines shedding 3%, as an escalation of trade tensions between the United States and China sent investors worldwide scurrying for safe havens. After US President Donald Trump abruptly decided
China let the yuan weaken past the key 7-per-dollar level on Monday for the first time in more than a decade and later said it would stop buying US agricultural products, inflaming a worsening trade war with the United States. The sharp 1.4% drop in the y
Indian shares on Monday ended at a fresh five-month low, amid a global sell-off after US President Donald Trump's decision to impose tariffs on more Chinese imports, while New Delhi's move to scrap special status of the disputed Kashmir region also spooke
European shares sank to a two-month low on Monday as a global sell-off spurred by trade tensions deepened, sending China's yuan to its lowest in more than a decade and sinking trade-sensitive mining, luxury and technology stocks. The pan-European STOXX 60
Mining stocks led Australian shares to their worst session in over seven months on Monday, with investors slashing riskier positions as the growing trade war between the United States and China revived worries about weaker global growth. The S&P/ASX 200 i
Britain's stock market indexes fell sharply on Monday, joining a sell-off in global markets, as US-China trade tensions prompted investors to seek safe-haven assets, while Ocado and Marks & Spencer fell after sealing a deal to set up an online food joint
Indonesia posted its slowest rate of quarterly growth in two years on Monday as Southeast Asia's biggest economy feels the sting of US-China trade tensions.
Japanese automakers saw sales in South Korea slump last month, industry data showed Monday, as President Moon Jae-in thanked his citizens for responding to the intensifying trade dispute with "one heart".
HSBC on Monday announced the shock exit of chief executive John Flint, but denied talk of a management split as it also axed 4,000 jobs and warned of dark clouds on the horizon.
The chief of Fiat Chrysler remains open to the possibility of resuming merger talks with France's Renault, months after talks between the two automakers aimed at forging an industry powerhouse broke down, according to an interview published Monday.
Supermarket giant Tesco said Monday it is to axe about 4,500 jobs across its city-centre UK stores to slash costs. Tesco, which is Britain's biggest retailer, will carry out a "reduction of around 4,500 colleagues" as the group experiences "an increasingl
Eurozone business growth hit a wall in July as demand crumbled, according to a survey which showed a deepening downturn in manufacturing is increasingly affecting the bloc's dominant services industry.
The US services sector, the principal driver of American economic growth, slid last month to its slowest pace in nearly three years, according to an industry survey released Monday.
Britain's dominant services sector unexpectedly perked up in July, a major survey showed on Monday, but this did little to shift fears that Brexit risks and US-China trade tensions are pushing the economy close to recession.
China's Commerce Ministry said on Tuesday that Chinese companies have stopped buying US agricultural products, and that China will not rule out imposing import tariffs on US farm products that were bought after August 3.
Shaking off back spasms to blast 18 aces, Australia's Nick Kyrgios kept his composure and captured the ATP Washington Open title Sunday, defeating Russia's 10th-ranked Daniil Medvedev 7-6 (8/6), 7-6 (7/4).
South African Dale Steyn, one of the great fast bowlers of the modern era, on Monday announced his retirement from Test cricket in a bid to extend his longevity in the shorter forms of the game.
Barcelona captain Leo Messi is out of action less than two weeks ahead of the opening of La Liga season after injuring his right calf in training on Monday.
Nathan Lyon took six wickets as Australia demolished England by 251 runs at their Edgbaston 'fortress' to win the first Ashes Test on Monday. The crushing defeat means England's hopes of a World Cup and Ashes double have suffered a major blow a month afte
Zheng Saisai knocked off her fourth seeded opponent of the week to capture her first career WTA title with a straight sets win over Aryna Sabalenka in the final of the San Jose WTA tournament on Sunday.
India paceman Navdeep Saini has been handed one demerit point for bad behaviour in his debut Twenty20 international against the West Indies in Florida, the game's world body said Monday. Saini starred in India's T20 win on Saturday by taking three wickets
Six-time Olympic gold medallist Ryan Lochte, back from a 14-month suspension, won the 200m individual medley on Sunday at the US swimming championships in Palo Alto, California. Lochte, 35, clocked 1min 57.76 to win a 27th national title and stamp himself
Two goals by skipper Ansar Abbas and a goal by right winger Ali Raza guided Pakistan Army to shock Sui Southern Gas Company by 3-2 in a thrilling final of the 28th PFF National Challenge Football Cup-2019 played here at Tehmas Khan Football Stadium on Mon
Chairman Federal Board of Revenue (FBR) Shabbar Zaidi directed Customs Intelligence on Monday to intensify operations against smugglers, warehouses storing smuggled goods, outlets openly selling smuggled items and check revenue leakage through ports. Sour
Pakistan summoned Indian High Commissioner Ajay Bisaria on Monday and conveyed a strong demarche on the illegal actions of revoking the special status of the Occupied Jammu and Kashmir, the Foreign Office said. According to spokesperson Foreign Office Dr
The State Bank of Pakistan (SBP) and all banks will remain closed from 12th to 15th August, 2019 (Monday to Thursday) being public holidays on the occasion of Eid-ul-Azha. It may, however, be noted that August 17, 2019 (Saturday) will be observed as worki
President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that rampant tax evasion is resulting in poverty, unemployment and illiteracy in the country. "Loans and grants can never be a substitute to the economic activity
Oil and Gas Regulatory Authority (Ogra) has imposed a ban on the use of CNG in public service vehicles (PSV) keeping in view the safety of public life and property. The Ogra urged all stakeholders to comply with the decision in true letter and spirit.
The Aviation Division has identified dozens of locations for high-rise buildings in Karachi, Lahore, Peshawar and Multan, official sources told Business Recorder. The Cabinet in its meeting held on March 26, 2019 regarding vertical expansion of hou
The government is likely to make a final decision with respect to announcement of indicative price of cotton at Rs 4,000 per 40kg today (Tuesday) with an aim to control speedily declining cotton cultivation area in the country. "A committee headed by Advi
ICE cotton futures slid more than 3% on Monday to their lowest in nearly three-and-a-half years on fears that increasing trade tensions between the United States and China will worsen demand for the natural fibre. The most-active cotton contract on ICE Fu
Copper prices fell to their lowest in more than two years on Monday, hit by the escalating trade dispute between the United States and China, while nickel prices climbed on concern over supplies from Indonesia. Benchmark copper on the London Metal Exchang
Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers. Brent crude fell $2.
Tokyo Commodity Exchange (TOCOM) futures fell on Monday following an abrupt end to a truce in a year-long trade war between China and the United States. The benchmark TOCOM rubber contract for January delivery finished 2.3 yen ($0.0217) lower at 166.2 yen
Malaysian palm oil futures rose over 1% on Monday evening, hitting the highest in two months on the back of strength in related edible oils and a weaker ringgit. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchan
A top cotton producing state in India is to start mapping its entire supply chain as part of a unique collaboration with the International Labour Organisation (ILO) to weed out child labour and slavery from its fields and factories. The southern state of
Coffee prices on ICE hit their lowest in 1-1/2 months on Monday as the real fell versus the dollar and investors focused on excess supplies, while sugar and cocoa also slid. September arabica coffee was 3.4 cents, or 3.4%, lower at 94.75 cents per lb at 1
Gold prices jumped more than 1% to their highest in more than six years on Monday, as the escalating trade war between the United States and China along with global growth worries drove investors towards safe-haven assets. Spot gold was up 1.1% at $1,456.
Gold surged 2% on Monday to its highest level in more than six years as a worsening US-China trade conflict prompted investors to dump riskier assets for safe havens, with a weaker dollar lending further fuel for bullion's run. Spot gold was up 1.4% at $1
Volatility roiled the commodity grain futures markets on Monday, as uncertainty in the US weather forecast supported corn and the growing tensions in the US-China trade war weighed on soyabeans. Wheat futures ended the day up on technical buying, traders
Gold surged 2% on Monday to its highest level in more than six years as a worsening US-China trade conflict prompted investors to dump riskier assets for safe havens, with a weaker dollar supplying additional fuel for bullion's run. Spot gold was up 1.7%
The Clean Green Pakistan is a people's movement and it is driven as everyone's responsibility with a focus on behavioral change to create a safe and sustainable environment for all and sundry in Pakistan. Environmental sustainability is central to the ove
Pakistan International Airlines (PIA) Pre-Hajj operation of transporting over 82,000 intending pilgrims to Saudi Arabia successfully completed. Chief Executive Officer (CEO) PIA, Air Marshal Arshad Malik congratulated PIA Hajj team for successfully comple
The Securities and Exchange Commission of Pakistan (SECP) has empowered executive director and additional director, (Policy, Regulation and Development Department (PRDD), Specialised Companies Division (SCD), to exercise certain powers of the Commission t
Sakrand Sugar Mills Limited (PSX:SKRS) was the third sugar mill to be established in district Shaheed Benazirabad (formerly Nawabshah) of Sindh province. Incorporated in 1989, it is a mid-sized unit with installed crushing capacity close to 865,000 metric
Sakrand Sugar Mills Limited (PSX:SKRS) was the third sugar mill to be established in district Shaheed Benazirabad (formerly Nawabshah) of Sindh province. Incorporated in 1989, it is a mid-sized unit with installed crushing capacity close to 865,000 metric
The exporters, manufacturers and traders belonging to Golden Economic Triangle of Pakistan had urged upon the government to take drastic steps for exploiting the unrealized the potentials of unique economic golden triangle of the country. The triangle has
Jamaat-e-Islami chief Sirajul Haq has announced countrywide rallies to express solidarity with the people of Indian occupied Kashmir, urging the government to take every possible step to stop New Delhi fulfill its nefarious design regarding the status of
The Lahore Chamber of Commerce and Industry has strongly condemned genocide campaign, violation of human rights in Indian occupied Kashmir (IoK) and urged the government to powerfully raise the issue at all international forums. The LCCI office bearers; P
Slamming the Indian government's move to revoke Article 370 of Indian Constitution which granted special status to Indian-occupied Kashmir, Pakistan Muslim League-Nawaz (PML-N) President and Opposition Leader Shahbaz Sharif on Monday said this is "unaccep
The Punjab Cabinet, which met here on Monday with Chief Minister Sardar Usman Buzdar in the chair, expressed complete solidarity with the people of Occupied Jammu and Kashmir and also offered 'fateha' for Kashmiri martyrs. The meeting strongly condemned t
Punjab police have signed a memorandum of understanding (MoU) with the Aspire Group of Colleges to provide free-of-cost and subsidize quality education to the family members of martyrs and in-service police officials. The signing ceremony was held at the
Pakistan needs to urgently reform its existing regulatory framework, to unlock the potential of "scale" within the local pharmaceutical manufacturing sector of Pakistan and secure access to global markets for products manufactured locally, if it is to com
Punjab Cabinet, which met here Monday, with chief minister Sardar Usman Buzdar in the chair, decided to get benefit from project readiness financing for Punjab Water Resources Management Programme and also gave approval to seek financial assistance from t
Faisalabad Chamber of Commerce and Industry (FCCI) will soon to sign a Memorandum of Understanding (MoU) with Lahore University of Management Sciences (LUMS) to yield benefit of experiences and updated knowledge. This was stated by Engineer Ahmad Hassan,
Sapphire Retail Limited, Pakistan's leading fashion-house has introduced environment-friendly, canvas bags, made from 100pc leftover fabric and will be available in all Sapphire retail outlets from Today (August 06, 2019). The canvas bags are being launch
Pakistan has the second highest prevalence of hepatitis C worldwide, after Egypt. Almost 10 million people in Pakistan are infected with Hepatitis C and over 5 million are suffering from Hepatitis B. This crucial situation calls for serious measures to eq
The home department has imposed Section 144 across throughout the province and no one would be allowed to collect hides of sacrificial animals and display weapons. According to the notification, there would be a restriction on setting up camps for collect
Traders and tribesmen on Monday urged the authorities concerned to lift ban on import of lambs from Afghanistan via Torkham border. Talking to media persons, the traders said they are ready to pay customs duty on import of lambs from Afghanistan as in las
Kashmir Solidarity Day was observed here against the Indian cruelties in occupied Kashmir. The various govt and non-govt institutions, social, and business organisations arranged special programmes across the Faisalabad division to show solidarity with th
K-Electric has pledged 20 million rupees to support the 'Let's Clean Karachi' drive, which is being spearheaded by Federal Minister for Maritime Affairs Ali Zaidi. KE will extend full support along with its employees who will serve as volunteers in the in
A special committee comprising upon Director Building Control Section (BCS) of Capital Development Authority (CDA), Director Sanitation of Metropolitan Corporation Islamabad (MCI) and representative of ICT Administration will supervise the cleanliness pro