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Print - 2019-10-15
Challenges confronting FBR
Articles

Challenges confronting FBR

Pakistan's economy suffers from rampant tax avoidance and evasion. As a result, our informal economy, spurred by vested interests, has kept expanding by leaps and bounds defying efforts by successive governments to document the national economy. Similar e
Updated 16 Oct, 2019 06:52am
Prevalence of 'decent work'
Articles

Prevalence of 'decent work'

The International Labour Organisation (ILO) has described 'decent work' as employment which, first, provides for adequate earnings, second, is completed in decent work time, third, ensures stability and security of work, fourth, provides for equal opportu
Updated 15 Oct, 2019 05:46am
The Weather
General News

The Weather

The weather report on Monday (October 14, 2019) and the forecast for Tuesday (October 15, 2019).

Published 15 Oct, 2019 12:00am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Hides and skin rates
Rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Pakistan Mercantile Exchange - PMEX
Rates

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
THE RUPEE: rates firm
Money & Banking

THE RUPEE: rates firm

Firm trend seen on the currency market on Monday as the rupee managed to keep present levels against the dollar in the process of trading, dealers said.
Updated 16 Oct, 2019 06:16am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Updated 15 Oct, 2019 06:36am
Spot dollar rates
Rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Money Market Report
Rates

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 14, 2019).
Published 15 Oct, 2019 12:00am
Bill buying rates per unit of currency
Rates

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Currency notes: exchange rates
Rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (October 14, 2019).

Published 15 Oct, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest
Rates

Barclays bid rates and maximum rates for payment of interest

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
Published 15 Oct, 2019 12:00am
State Bank of Pakistan conversion rates
Rates

State Bank of Pakistan conversion rates

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
Published 15 Oct, 2019 12:00am
New York cotton
Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 15 Oct, 2019 06:32am
New York cotton
Rates

New York cotton

The following were the fluctuations observed during the day:

Published 15 Oct, 2019 12:00am
US natural gas futures hold near 6-week low
Energy

US natural gas futures hold near 6-week low

US natural gas futures held near a six-week low on Friday as stockpiles return to near normal levels for the first time in two years despite forecasts for demand to rise as the weather cools. Analysts forecast utilities added 103 billion cubic feet (bcf)
Updated 15 Oct, 2019 06:36am
CBOT wheat up on US-China trade optimism

CBOT wheat up on US-China trade optimism

Chicago Board of Trade wheat futures closed higher on Friday along with corn and soyabeans, buoyed by optimism that US-China trade talks would lead to a partial deal involving Chinese purchases of US agricultural goods, traders said.
Published 15 Oct, 2019 12:00am
China's gold demand falls; high prices hit India's market

China's gold demand falls; high prices hit India's market

Gold demand in top-consumer China was subdued this week as investor awaited outcome of crucial trade negotiations with the United States, while purchases in India during a key festival were lower-than-usual because of higher prices.
Published 15 Oct, 2019 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, following gains in the US soyabean market. Benchmark November canola futures settled up 40 cents at $459.90 per tonne. The contract posted a weekly loss of 0.2%. The contract found technical support at its 10-da
Published 15 Oct, 2019 12:00am
China's steel futures slip as demand worries

China's steel futures slip as demand worries

Shanghai steel futures slipped on Friday, with hot-rolled coil hitting its lowest in six weeks, as worries about demand prospects and excessive supply in top consumer and producer China weighed on prices. The Chinese steel benchmarks also posted losses on
Published 15 Oct, 2019 12:00am
Strong buying by mills pushes cotton prices higher
Cotton & Textile

Strong buying by mills pushes cotton prices higher

Strong mills' buying pushed the rates higher on the cotton market on Monday, dealers said. The official spot rates were higher by Rs 50 to Rs 8850, dealers said. In the ready session, about 18,000 bales of cotton changed hands between Rs 8750-9100, they s
Updated 15 Oct, 2019 06:39am
CBOT corn futures rise over 4 percent

CBOT corn futures rise over 4 percent

Chicago Board of Trade corn futures rose more than 4% on Friday and the spot December contract reached a two-month high on expectations that US-China trade talks would lead to a partial trade deal involving sales of US agricultural products, traders said.
Published 15 Oct, 2019 12:00am
Vietnamese coffee trade sluggish due to low supplies

Vietnamese coffee trade sluggish due to low supplies

Coffee trading in Vietnam was sluggish this week due to low stockpiles, traders said on Thursday, with prices ticking down on weak demand ahead of new harvest. Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 32,200-
Published 15 Oct, 2019 12:00am
PMEX daily trading report

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,149. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.162 billion and the numbers of lots traded were 10,124. Major business was contributed by Gold am
Published 15 Oct, 2019 12:00am
Ample flowering seen in Brazil's top coffee state

Ample flowering seen in Brazil's top coffee state

Coffee trees all over Brazil's top producing state Minas Gerais have bloomed this week, marking the first major flowering for the new Brazilian coffee crop that could indicate the size of next year's production. Farmers and analysts shared pictures and vi
Published 15 Oct, 2019 12:00am
CBOT soyabean rises on progress in US-China trade talks

CBOT soyabean rises on progress in US-China trade talks

Chicago Board of Trade soyabean futures rose on Friday on signs of progress in US trade talks with top global soya buyer China, including prospects for a partial trade deal that could include sales of US agricultural products, traders said. CBOT November
Published 15 Oct, 2019 12:00am
Euronext wheat rises sharply over two months high

Euronext wheat rises sharply over two months high

Euronext wheat rose sharply on Friday to reach its highest in over two months, spurred by a rally on the US market where the threat of crop damage from a snowstorm and optimism about a breakthrough in trade talks with China pushed prices higher. The gains
Published 15 Oct, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 185,057 tonnes of cargo comprising 130,368 tonnes of import cargo and 54,689 tonnes of export cargo including 1,985 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 13
Published 15 Oct, 2019 12:00am
Argentine wheat harvest seen at 19.8 million tonnes due to bad weather

Argentine wheat harvest seen at 19.8 million tonnes due to bad weather

Argentina's 2019/20 wheat harvest is expected at 19.8 million tonnes, the Buenos Aires Grains Exchange said in its weekly crop report on Thursday, citing bad weather as the reason for cutting its previous 21 million-tonne forecast. "Toward the center and
Published 15 Oct, 2019 12:00am
Asia's naphtha above $100 for 1st time in a year
Energy

Asia's naphtha above $100 for 1st time in a year

Asia's naphtha crack surpassed the $100 a tonne mark for the first time in a year on Friday as the supply crunch deepened. Benchmark open-specification naphtha crack for second-half November hit $105.90 a tonne, the highest front-month value since October
Updated 15 Oct, 2019 06:45am
Banks boost Qatar, Deyaar's surge lifts Dubai
Stocks

Banks boost Qatar, Deyaar's surge lifts Dubai

Qatar's stock market rose sharply on Monday, helped by financial shares, while a surge in Deyaar Development buoyed the Dubai index, even as most Middle Eastern stocks were quiet. In Qatar, the index rose 1.2%, extending its gains for a third straight day
Updated 15 Oct, 2019 06:44am
Indian shares up
Stocks

Indian shares up

Indian shares ended higher on Monday, buoyed by auto and real estate stocks, as investors awaited headline inflation data due later in the evening. The broader NSE index closed 0.32% higher at 11,341.15 and the benchmark BSE index ended up 0.23% at 38,214
Updated 15 Oct, 2019 06:45am
China stocks rise over 1 percent on trade war truce
Stocks

China stocks rise over 1 percent on trade war truce

China's key benchmarks rose more than 1% on Monday, led by tech and financial shares as investors cheered signs of progress in the Sino-US trade talks, although doubts over a durable deal between the two economic powerhouses and China's economic health ca
Updated 15 Oct, 2019 06:46am
Hong Kong stocks up
Stocks

Hong Kong stocks up

Hong Kong stocks rose on Monday on signs of progress in Sino-US trade talks, but the gains were capped by doubts over the durability of a partial preliminary deal, and lingering worries about China's economy. The Hang Seng index rose 0.8%, to 26,521.85, w
Updated 15 Oct, 2019 06:46am
Sri Lankan stocks hit near six-week high
Stocks

Sri Lankan stocks hit near six-week high

Sri Lankan stocks rose for the seventh straight session on Monday to hit a near six-week high as beverage and banking shares rallied. However, the rupee ended weaker. The benchmark stock index ended 0.61% firmer at 5,870.09, its highest close since Sept.
Updated 15 Oct, 2019 06:47am
Southeast Asian stocks gain
Stocks

Southeast Asian stocks gain

Southeast Asian stocks finished in the black on Monday, riding the optimism surrounding the Sino-US trade talks, while weak data from China, the region's largest trading partner, capped further gains. China's September exports fell more than expected, whi
Updated 15 Oct, 2019 06:47am
Eurozone bond yields down
Stocks

Eurozone bond yields down

Eurozone bond yields fell on Monday as caution surrounding both Brexit and US-China trade talks encouraged investors back into fixed income after a hefty selloff on Friday that sent borrowing costs to 2-1/2-month highs. Britain and the European Union said
Updated 15 Oct, 2019 06:50am
European stocks hit pause as trade doubts linger
Stocks

European stocks hit pause as trade doubts linger

A three-day rally in European shares came to a halt on Monday as investors assessed the scale of progress from Friday's US-China trade talks and worried that a Brexit withdrawal agreement was still some way off after earlier signs of a breakthrough. The p
Updated 15 Oct, 2019 06:58am
Australia, New Zealand shares up
Stocks

Australia, New Zealand shares up

Australian shares ended higher for a third straight session on Monday, aided mainly by gains in financials and energy stocks, as signs of headway in Sino-US trade talks prompted investors to move back into riskier assets. The S&P/ASX 200 index closed up 0
Updated 15 Oct, 2019 06:58am
UK stocks recoil as Brexit optimism fades
Stocks

UK stocks recoil as Brexit optimism fades

London-listed companies with exposure to the domestic economy retreated on Monday as last week's euphoric optimism gave way to doubts over whether a timely Brexit deal could be clinched, while cybersecurity firm Sophos surged 36% after a buyout offer. The
Updated 15 Oct, 2019 06:58am
First round of SNGPL's International Junior Tennis concludes
Other

First round of SNGPL's International Junior Tennis concludes

SNGPL organized an International Tennis Federation Pakistan Junior Tennis Championships 2019 from 08-12 October at PTF Complex, Islamabad. A colorful closing ceremony was organized by SNGPL here on Saturday. Chairman Board of Directors SNGPL Syed Dilwar A
Updated 15 Oct, 2019 05:50am
Socca World Cup: Pakistan lose first game to Slovenia
Other

Socca World Cup: Pakistan lose first game to Slovenia

Pakistan socca football team, which has been placed in Group 'H', lost its first game of the 2nd Socca World Cup to Slovenia in Crete, Greece, says a message received here on Monday.
Updated 15 Oct, 2019 05:50am
Cricketers Junaid, Akhtar fined
Other

Cricketers Junaid, Akhtar fined

Balochistan players Mohammad Junaid and Akhtar Shah have been fined 50-percent of their match fee for level 2 offences relating to personal abuse of a player, player support personnel, umpire or match referee during a match in their team's National U-19 t
Updated 15 Oct, 2019 07:34am
Zimbabwe readmitted as International Cricket Council member
Other

Zimbabwe readmitted as International Cricket Council member

Cricket chiefs readmitted Zimbabwe as an International Cricket Council member on Monday following a three-month suspension over political interference. An ICC statement said the move followed a meeting in Dubai involving the Zimbabwe Cricket chairman Tave
Updated 15 Oct, 2019 07:21am
Sindh beat Central Punjab in National Cup thriller
Other

Sindh beat Central Punjab in National Cup thriller

Sindh secured a thrilling win over Central Punjab by chasing down a 189-run target on the penultimate ball in the second fixture of the National T20 Cup at Faisalabad's Iqbal Stadium.
Updated 16 Oct, 2019 07:56am
Dollar holds 2-1/2 months high against yen in Asia
Money & Banking

Dollar holds 2-1/2 months high against yen in Asia

The dollar held near a 2-1/2-month high against the yen on Monday on signs of progress in US-China trade talks, while sterling's rally ran out of steam after touching a 3-month peak on hopes for an orderly British exit from the European Union.
Updated 15 Oct, 2019 06:58am
Yen and Swiss franc up in Europe
Money & Banking

Yen and Swiss franc up in Europe

The Swiss franc and Japanese yen rose on Monday as investors headed into safer assets, becoming more cautious that progress was being made towards a comprehensive trade deal between the United States and China.
Updated 15 Oct, 2019 06:52am
Asian currencies rise
Money & Banking

Asian currencies rise

Asian currencies rose on Monday after the United States and China signalled progress in their trade negotiations, which lifted investor sentiment and prompted a hunt for risk assets such as emerging market pairs.
Updated 15 Oct, 2019 06:52am
Sterling down against dollar, euro
Money & Banking

Sterling down against dollar, euro

Sterling gave up some of last week's strong gains on Monday after the European Union and Britain said a lot more work would be needed to secure an agreement on the country's departure from the bloc by Oct. 31.
Updated 15 Oct, 2019 06:52am
South Africa's rand retreats
Money & Banking

South Africa's rand retreats

The South African rand on Monday retreated from a three-week high it hit in the previous session, as a lack of clarity on US-China trade relations pushed investors back to safe havens and hurt risk appetite.
Updated 15 Oct, 2019 07:07am