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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-10-30
Fixing Pakistan Steel: Trick or treat?
Articles

Fixing Pakistan Steel: Trick or treat?

Was the Secretary Industries and Production in the Halloween mood when he informed the Senate Committee that the government proposed to revive the Steel Mills (PSM) by giving minority shares and management control to the private sector, "on the same patte
Updated 31 Oct, 2019 08:51am
Fed lowers key interest rate a third time
Money & Banking

Fed lowers key interest rate a third time

The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday, but the central bank remains divided, with two of the 10 voting members dissenting. And the Fed's policy-setting Federal Open Market Committee made a key chan
Updated 31 Oct, 2019 06:04am
Cotton rises on crop damage concerns due to bad weather
Cotton & Textile

Cotton rises on crop damage concerns due to bad weather

ICE cotton rose over 1% on Wednesday on concerns regarding the crop's condition due to poor weather in the major crop producing regions, while investors awaited details about the signing of the US-China trade deal after Chile withdrew as host of the APEC
Updated 31 Oct, 2019 06:03am
The Weather
General News

The Weather

The weather report on Tuesday (October 29, 2019) and the forecast for Wednesday (October 30, 2019).

Published 30 Oct, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 29, 2019).

Published 30 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 Tuesday (October 29, 2019).

Published 30 Oct, 2019 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 29, 2019).

Published 30 Oct, 2019 12:00am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Updated 30 Oct, 2019 06:32am
Spot dollar rates
Rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 29, 2019).

Published 30 Oct, 2019 12:00am
Money Market Report
Rates

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 29, 2019).
Published 30 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 Tuesday (October 29, 2019).

Published 30 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 Tuesday (October 29, 2019).

Published 30 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 30 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 30 Oct, 2019 12:00am
PTBA urges FBR to extend date for e-filing returns
General News

PTBA urges FBR to extend date for e-filing returns

Pakistan Tax Bar Association (PTBA) has requested the Federal Board of Revenue (FBR) to extend the last date for filing income tax returns till Dec 31 as the submission of around 1.6 million returns cannot be done till Oct 31. In a letter sent to FBR chai
Published 30 Oct, 2019 12:00am
Severe internet disruption faced: Outage in submarine cable systems
IT & Computers

Severe internet disruption faced: Outage in submarine cable systems

Internet users in Pakistan on Tuesday faced severe internet disruption, following outage in international submarine cable systems IMEWE and SEAMEWE 4, which are providing internet bandwidth to Pakistan. According to details, IMEWE and SEAMEWE 4, that carr
Published 30 Oct, 2019 12:00am
AOB, WB launch Audit Committee Toolkit
Money & Banking

AOB, WB launch Audit Committee Toolkit

To protect public interest in audit quality, the Audit Oversight Board (AOB) and the World Bank have launched an Audit Committee Toolkit that explains the international best practices for audit committees in fulfilling their role and responsibilities. The
Updated 30 Oct, 2019 06:46am
Traders observe strike against massive taxation
General News

Traders observe strike against massive taxation

Traders observed shutter down against massive taxation and other unfair and anti-traders policies of the government. All major business centres including GT Road, Khyber Bazaar, Hashtnagri, Karimpura, Ashraf Road, Qissa Khwani and Saddar Road remained clo
Published 30 Oct, 2019 12:00am
PTCL urged to improve services in SITE area
Business & Economy

PTCL urged to improve services in SITE area

President of SITE Association of Industry, Suleman Chawla has urged the EVP PTCL to improvised services and save the industrialists of the area from any further loss. Suleman Chawla said that the industrialists of SITE industrial area are suffering a huge
Published 30 Oct, 2019 12:00am
Breast cancer claims 40,000 lives in Pakistan annually
General News

Breast cancer claims 40,000 lives in Pakistan annually

"Every year 40,000 women die and 90,000 new cases of breast cancer are being identified in Pakistan which is the highest rate of breast cancer in Asia. The incidence is increasing in the developing world due to increase in life expectancy, increase in urb
Published 30 Oct, 2019 12:00am
Appointment of Cyan: Prosecution witness records statement
General News

Appointment of Cyan: Prosecution witness records statement

The Accountability Court Tuesday recorded the statement of a prosecution witness in the illegal appointment case of former chief executive officer of Pakistan International Airlines (PIA). The Accountability Court judge Muhammad Bashir while hearing the c
Published 30 Oct, 2019 12:00am
Golootlo partners with NBP Fund Management
Money & Banking

Golootlo partners with NBP Fund Management

Golootlo has recently entered into an agreement with NBP Fund Management Limited (NBP Funds), the Leading Asset Management Company (AMC) in Pakistan. Through this agreement, NBP Funds will issue co-branded Golootlo UnionPay debit cards and connect Golootl
Updated 30 Oct, 2019 06:46am
'Surgeries at NICVD Tando Muhammad Khan soon'
General News

'Surgeries at NICVD Tando Muhammad Khan soon'

Senior leader of Pakistan People's Party (PPP) and MNA Syed Naveed Qamar on Sunday vowed to provide "15 to 20 million rupees within a couple of weeks" for the establishment of a paediatric surgery theatre and a Central Sterilization Department (CSD) at th
Published 30 Oct, 2019 12:00am
PM for apprising youth about teachings of Islam

PM for apprising youth about teachings of Islam

Prime Minister Imran Khan on Tuesday stressed the need to make the young generation aware about the real Islam and Sufi teachings, and encourage study and research in that regard. The prime minister stated this while talking to Dr Tamara Sonn, a professor
Updated 30 Oct, 2019 07:49am
Clashes as far-right EU lawmakers visit IOK
General News

Clashes as far-right EU lawmakers visit IOK

Dozens of clashes erupted in Indian Occupied Kashmir on Tuesday, officials said, as a delegation of mostly far-right European lawmakers paid a contentious visit to the restive region stripped of its autonomy in August.
Published 30 Oct, 2019 12:00am
Saudi index plummets
Stocks

Saudi index plummets

Saudi Arabia's stock market fell sharply on Tuesday, extending losses for the third straight session with banking shares falling the most, while other major Gulf markets were little changed. In Saudi Arabia, the stock market index dropped a further 1.6% w
Updated 30 Oct, 2019 06:46am
Japan stocks hit highest in over a year
Stocks

Japan stocks hit highest in over a year

Japanese stocks rose to the highest in more than a year on Tuesday, as negotiators from the United States and China moved a step closer to scaling back their bruising trade war in a boost to the prospects for corporate earnings. The benchmark Nikkei bench
Updated 30 Oct, 2019 06:46am
S&P at all-time high, Nasdaq inches closer to record
Stocks

S&P at all-time high, Nasdaq inches closer to record

The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible trade deal and investors looked toward a Federal Reser
Updated 30 Oct, 2019 06:46am
Indian shares rise
Stocks

Indian shares rise

Indian shares rose nearly 1.5% on Tuesday, tracking gains in broader Asia on hopes of progress in US-China trade talks, with Tata Motors and metals stocks leading the rally. The broader NSE index jumped 1.37% to 11,786.85, while the benchmark BSE index cl
Updated 30 Oct, 2019 06:56am
Treasury yields higher on expected Fed cut
Stocks

Treasury yields higher on expected Fed cut

US Treasury yields were higher on Monday ahead of an expected interest rate cut at this week's Federal Reserve policy meeting and as the latest Brexit developments boosted the British pound and market appetite for risk. The European Union agreed to a thre
Updated 30 Oct, 2019 06:52am
Australian shares extend winning run
Stocks

Australian shares extend winning run

Australian shares closed higher on Tuesday, extending its winning streak to seven sessions as investors banked on Beijing and Washington finalising a first-stage trade deal next month. Hopes for a trade deal were boosted when US President Donald Trump on
Updated 30 Oct, 2019 06:51am
China stocks lower
Stocks

China stocks lower

China shares closed lower on Tuesday, as a correction in high-tech firms weighed, while investors also sought clarity on Sino-US trade talks and the outlook for the domestic economy. The Shanghai Composite index ended 0.87% down at 2,954.18, erasing a gai
Updated 30 Oct, 2019 06:51am
European shares take a breather, focus shifts to Fed
Stocks

European shares take a breather, focus shifts to Fed

European shares fell for the first time in seven sessions on Tuesday as weak earnings dampened optimism surrounding the US-China trade progress and ahead of an expected interest-rate cut by the US Federal Reserve later this week. The pan-European STOXX 60
Updated 30 Oct, 2019 07:33am
Most Southeast Asian stocks gain on trade deal hopes
Stocks

Most Southeast Asian stocks gain on trade deal hopes

Most Southeast Asian stock markets finished higher on Tuesday, with Philippines leading gains, amid hopes of progress in the Sino-US trade talks and a third rate cut by the Federal Reserve later this week. US President Donald Trump said on Monday he expec
Updated 30 Oct, 2019 07:16am
BP pulls down UK bluechips as Brexit uncertainties mount
Stocks

BP pulls down UK bluechips as Brexit uncertainties mount

London's stock markets weakened on Tuesday as the prospect of a Brexit 'flextension' and parliament rejecting Prime Minister Boris Johnson's demand for an election before Christmas kept investors guessing and wary of taking more risk. The FTSE 100 was 0.4
Updated 30 Oct, 2019 07:29am
Alphabet quarterly profit misses mark
IT & Computers

Alphabet quarterly profit misses mark

Google parent Alphabet on Monday reported a sharp drop in profit over the past quarter as it ramped up spending for a wide array of new gadgets and services. Profit dipped 23 percent from a year ago to $7.1 billion as revenue grew 20 percent to $40.5 bill
Published 30 Oct, 2019 12:00am
Pfizer lifts profit forecast as results top expectations
Global Business Economy

Pfizer lifts profit forecast as results top expectations

Pfizer lifted its full-year profit forecast Tuesday following a better-than-expected third quarter on growth in its biopharma business. Net income jumped 87 percent to $7.7 billion, boosted by a one-time gain connected to a joint venture transaction with
Published 30 Oct, 2019 12:00am
Berlin, Paris want to create a European digital 'cloud'
IT & Computers

Berlin, Paris want to create a European digital 'cloud'

Germany unveiled Tuesday a plan backed by France to establish a secure data infrastructure that would reduce Europe's dependence on US "cloud" networks. Dubbed "Gaia-X", the project "aims at setting up a secure and trustworthy data infrastructure for Euro
Published 30 Oct, 2019 12:00am
Global leaders, tycoons flock to Saudi 'Davos in desert'
Global Business Economy

Global leaders, tycoons flock to Saudi 'Davos in desert'

Saudi Arabia drew top finance moguls and political leaders to its Davos-style investment summit Tuesday, in stark contrast to last year when outrage over critic Jamal Khashoggi's murder sparked a mass boycott. Organisers say 300 speakers from over 30 coun
Published 30 Oct, 2019 12:00am
BP falls into quarterly loss
Energy

BP falls into quarterly loss

BP slid into a net loss during the third quarter on a huge charge linked to the sale of assets, including its Alaskan business, the British energy giant said Tuesday. The London-listed business posted a loss after tax of $749 million (675 million euros) i
Updated 30 Oct, 2019 07:29am
New US rules would require carriers to remove Chinese equipment

New US rules would require carriers to remove Chinese equipment

US regulators on Monday proposed rules to block telecom carriers from buying from Chinese tech companies Huawei and ZTE, and to remove any of their equipment already in place. The Federal Communications Commission said the rules - to be voted on November
Updated 30 Oct, 2019 06:38am
Aussie consumer watchdog sues Google over location data use
IT & Computers

Aussie consumer watchdog sues Google over location data use

Australia's consumer watchdog on Tuesday announced legal action against Google for allegedly misleading customers about the way it collects and uses personal location data. The Australian Competition and Consumer Commission (ACCC) claims Google collected,
Published 30 Oct, 2019 12:00am
India's IndiGo makes $33 billion mega-order of Airbus jets
Global Business Economy

India's IndiGo makes $33 billion mega-order of Airbus jets

Indian airline IndiGo has placed an order for 300 A320neo family aircraft, Airbus said Tuesday, in one of its largest-ever orders from a single firm, worth over $33.2 billion at catalogue prices. The leading Indian airline said the order would help it to
Published 30 Oct, 2019 12:00am
GM earnings top expectations; forecast cut after strike
Global Business Economy

GM earnings top expectations; forecast cut after strike

General Motors reported better-than-expected quarterly earnings Tuesday on strong auto sales but trimmed its full-year forecast after a lengthy strike that ended last week. The automaker saw net income in the third-quarter drop 7.1 percent to $2.4 billion
Published 30 Oct, 2019 12:00am
US consumer confidence slips, housing stabilizing
Global Business Economy

US consumer confidence slips, housing stabilizing

US consumer confidence fell for a third straight month in October amid concerns about the short-term outlook for business conditions and job prospects, but remained at levels consistent with continued growth in consumer spending. Other data on Tuesday sug
Updated 30 Oct, 2019 06:26am
China slams US for 'economic bullying' of Huawei, ZTE

China slams US for 'economic bullying' of Huawei, ZTE

China on Tuesday blasted as "economic bullying" a US proposal to block telecom carriers buying from Chinese tech companies Huawei and ZTE. The US Federal Communications Commission (FCC) said on Monday that the proposed rules - which also require carriers
Updated 30 Oct, 2019 04:17am
Tokyo unveils 2020 venue inspired by traditional techniques
Other

Tokyo unveils 2020 venue inspired by traditional techniques

A custom-built $188 million gymnastics venue inspired by traditional Japanese building techniques and using wood from around the country was unveiled by organisers of the Tokyo 2020 Olympics on Tuesday.
Published 30 Oct, 2019 12:00am
Moscow-linked hackers hit anti-doping agencies: Microsoft
Other

Moscow-linked hackers hit anti-doping agencies: Microsoft

A hackers group linked to Moscow has targeted sporting and anti-doping organisation across the world with "significant" cyberattacks as anti-doping authorities mull new allegations against Russia.
Published 30 Oct, 2019 12:00am
Shakib banned for two years for graft: ICC
Other

Shakib banned for two years for graft: ICC

Bangladesh captain and star all-rounder Shakib Al Hasan was banned Tuesday from all cricket for two years, with one year suspended, the International Cricket Council (ICC) said. The ban came after Shakib "accepted three charges of breaching the ICC Anti-C
Published 30 Oct, 2019 12:00am
Aussie steadies; New Zealand bounces
Money & Banking

Aussie steadies; New Zealand bounces

The Australian dollar was stuck in a rut on Tuesday as traders awaited third-quarter inflation data and a speech by the country's central bank governor, while New Zealand's currency bounced off lows.
Updated 30 Oct, 2019 07:28am
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