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Print - 2019-10-31
WB Group president arrives in Islamabad

WB Group president arrives in Islamabad

World Bank Group President David Malpass arrived in Islamabad on Wednesday for a three-day visit, his first trip to Pakistan since assuming the top slot of World Bank Group.
Updated 31 Oct, 2019 11:39pm
The Weather
General News

The Weather

The weather report on Wednesday (October 30, 2019) and the forecast for Thursday (October 31, 2019).

Updated 01 Nov, 2019 08:14am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 30, 2019).

Published 31 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 Wednesday (October 30, 2019).

Published 31 Oct, 2019 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 30, 2019).

Published 31 Oct, 2019 12:00am
THE RUPEE: Rising trend
Money & Banking

THE RUPEE: Rising trend

The rupee sustained rising trend against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
Updated 31 Oct, 2019 06:37am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 30, 2019).

Updated 31 Oct, 2019 06:42am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Updated 31 Oct, 2019 06:44am
Spot dollar rates
Rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (October 30, 2019).

Published 31 Oct, 2019 12:00am
Money Market Report
Rates

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 30, 2019).
Published 31 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 Wednesday (October 30, 2019).

Published 31 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 Wednesday (October 30, 2019).

Published 31 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 31 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 31 Oct, 2019 12:00am
New York cotton
Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 31 Oct, 2019 06:49am
FWO - A legend in nation building

FWO - A legend in nation building

INTRODUCTION: Frontier Works Organization (FWO), today's most versatile and vibrant construction firm, was established on 31 October 1966 to carve out an all-weather land link across crags and crevices of the highest mountain ranges of the world, the Kara
Published 31 Oct, 2019 12:00am
Steel Making is Actually an Environment-Friendly Process: 5 Facts

Steel Making is Actually an Environment-Friendly Process: 5 Facts

Industrial works, like steel manufacturing, are usually associated with lots of air pollution and energy consumption. What most people don't associate steel rebars and their manufacturing process with, is that it is an environment friendly process.
Published 31 Oct, 2019 12:00am
FWO - A great construction company

FWO - A great construction company

The FWO's 52-years-old Journey is full of innovations and expertise in the domain of construction and development of the country. The foundation of this organization was not less than a challenge; however, FWO's ancestors, through their hard work, dedicat
Published 31 Oct, 2019 12:00am
Foreign Direct Investments - Economic Hope of Pakistan

Foreign Direct Investments - Economic Hope of Pakistan

Pakistan's economy has seen several swings over the past few years. The PTI government rode to victory on the cry of economic reforms and their performance therein, became the litmus test to gauge the competency of this newborn government. Initially, the
Updated 16 Dec, 2019 07:56am
ZTBL playing key role in development of agro-based industry

ZTBL playing key role in development of agro-based industry

The role played by Zarai Taraqiati Bank Limited (formerly Agriculture Development Bank of Pakistan "ADBP") for the betterment of the farming community and agriculturists of the country does not need any introduction. Since its inception in 1961, over the
Published 31 Oct, 2019 12:00am
SECP made starting business easy, fast and cost effective

SECP made starting business easy, fast and cost effective

This is third consecutive year when Pakistan has improved its position on World Bank Ease of Doing Business Index. As per World Bank's latest rankings on ease of doing business for 2020, released on October 24th, Pakistan has improved its position by 28 p
Published 31 Oct, 2019 12:00am
Message from Secretary, Board of Investment BOI

Message from Secretary, Board of Investment BOI

The Economist referred to Pakistan as "one of the 10 most reformed economies" this year. Pakistan's Ease of Doing Business (EoDB) ranking improved by 28 notches which is an unprecedented jump in the country's DB history. Annually, the World Bank issues a
Published 31 Oct, 2019 12:00am
Message from Chairman Board of Investment

Message from Chairman Board of Investment

In developing countries like Pakistan with cheap labor cost, what impedes business and economic growth are the regulatory hurdles rather than the cost of business. Prime Minister as a part of his election campaign repeatedly committed that, he shall spare
Published 31 Oct, 2019 12:00am
Abu Dhabi outperforms on FAB, Saudi index ends losing streak
Stocks

Abu Dhabi outperforms on FAB, Saudi index ends losing streak

Abu Dhabi stocks rebounded on Wednesday, outperforming regional peers after a surge in First Abu Dhabi Bank, while Saudi snapped a three-day losing streak on corporate earnings announcements. The Abu Dhabi index bounced back 1.9% after it lost 1.2% in the
Updated 31 Oct, 2019 06:50am
Japan stocks retreat
Stocks

Japan stocks retreat

Japan's benchmark Nikkei index pulled back from the highest in more than a year on Wednesday as conflicting signals from the US government dampened optimism for a preliminary trade agreement with China. At 0147 GMT the Nikkei index was up 0.33% at 22,898.
Updated 31 Oct, 2019 06:50am
Wall Street dips after S&P notches record
Stocks

Wall Street dips after S&P notches record

The S&P 500 edged lower to snap a four-session win streak on Tuesday and it retreated from a record high as investors grappled with a flood of earnings and the latest update on a potential trade deal between the US and China.
Updated 31 Oct, 2019 07:19am
Treasury yields stall lower
Stocks

Treasury yields stall lower

US Treasury yields were lower, though moves were generally muted, on Tuesday, the first of the two-day Federal Reserve policy meeting after which it is expected to announce its third interest-rate cut this year.
Updated 31 Oct, 2019 07:30am
Australian shares end seven-day winning run
Stocks

Australian shares end seven-day winning run

Australian shares ended a seven-session winning streak as investors treated the prospect of a delay in the first stage of a Sino-US trade deal with unease and eyed cooling inflation at home.
Updated 31 Oct, 2019 07:24am
European shares up as L'Oreal outweighs bank earnings upset
Stocks

European shares up as L'Oreal outweighs bank earnings upset

European shares eked out gains on Wednesday, buoyed by upbeat results from L'Oreal which defied Chinese slowdown fears, although weak earnings from some of the bloc's biggest lenders such as Deutsche Bank and Santander kept a lid on gains.
Updated 31 Oct, 2019 07:24am
Indian shares climb
Stocks

Indian shares climb

Indian shares rose to multi-month closing highs on Wednesday as a raft of upbeat quarterly earnings reports helped boost investor sentiment, with financials leading gains.
Updated 31 Oct, 2019 07:23am
SE Asian stocks rise; Thailand shines
Stocks

SE Asian stocks rise; Thailand shines

Southeast Asian stock markets edged up on Wednesday, with Thailand leading the gains, as hopes of a widely anticipated rate cut by the US Federal Reserve later in the day boosted risk sentiment.
Updated 31 Oct, 2019 07:24am
Pharma stocks lift FTSE out of red
Stocks

Pharma stocks lift FTSE out of red

A rally in pharmaceutical stocks led by industry giants GlaxoSmithKline and AstraZeneca helped the FTSE 100 outshine most global peers on Wednesday while investors waited for the outcome of the US Federal Reserve's policy meeting.
Updated 31 Oct, 2019 07:27am
Airbus cuts delivery forecast, profits
Global Business Economy

Airbus cuts delivery forecast, profits

Airbus cut Wednesday its forecast for the number of planes it will deliver this year as it finds it difficult to meet ambitious targets to speed up production, while profits held steady in the third quarter. The European plane manufacturer said in a state
Updated 31 Oct, 2019 06:47am
UK personal insolvency rate rises to eight-year high
Global Business Economy

UK personal insolvency rate rises to eight-year high

The number of people entering insolvency in England and Wales rose sharply in the three months to September compared with a year ago, according to official data that add to questions about the financial resilience of British consumers. The government's In
Updated 31 Oct, 2019 07:01am
France outshines Germany as euro zone economic gloom deepens
Global Business Economy

France outshines Germany as euro zone economic gloom deepens

Strong domestic stimulus is helping France shrug off a global slowdown even as export-dependent Germany heads closer to a recession, starkly divergent data on the euro zone's two leading economies showed on Wednesday. France saw national output rise 0.3%
Updated 31 Oct, 2019 06:58am
Energy deals on menu as Putin visits closest EU ally Hungary
Energy

Energy deals on menu as Putin visits closest EU ally Hungary

Russian President Vladimir Putin arrived in Budapest Wednesday for trade and energy talks with nationalist Prime Minister Viktor Orban, the latest in a regular series of meetings with his closest ally in the EU. Putin's proximity to an EU and NATO member
Updated 31 Oct, 2019 07:26am
Japan retail sales jump
Global Business Economy

Japan retail sales jump

Japanese retail sales grew the most in 5-1/2 years in September, boosted by consumers accelerating spending to beat a national sales tax hike that kicked in this month, raising some concerns about a subsequent pullback in demand in the coming months. Japa
Updated 31 Oct, 2019 06:56am
Denmark clears Russian gas pipeline Nord Stream 2
Energy

Denmark clears Russian gas pipeline Nord Stream 2

Denmark on Wednesday granted Russia's Nord Stream 2 project a permit to build a section of the natural gas pipeline on the Danish continental shelf in the Baltic Sea. "The Danish Energy Agency has granted a permit to Nord Stream 2 AG to construct a sectio
Updated 31 Oct, 2019 07:09am
Volkswagen confident despite braking car market
Global Business Economy

Volkswagen confident despite braking car market

German car giant Volkswagen said Wednesday it was confident of hitting financial targets despite a lower unit sales outlook, warning "vehicle markets will contract faster than previously anticipated in many regions". The Wolfsburg-based group now expects
Updated 31 Oct, 2019 07:03am
Lagarde criticises Germany for low spending
Money & Banking

Lagarde criticises Germany for low spending

Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth. Lagarde told France's RTL radio
Updated 31 Oct, 2019 07:13am
Credit Suisse doubles third-quarter profit
Money & Banking

Credit Suisse doubles third-quarter profit

Credit Suisse said Wednesday it more than doubled its third quarter net profit, largely due to its wealth management activities, and despite losses in its investment bank unit. Switzerland's second largest bank said its net profit soared 108 percent in th
Updated 31 Oct, 2019 07:08am
Consumers underpin US economy as business spending slumps
Global Business Economy

Consumers underpin US economy as business spending slumps

US economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession. The Federal Reserve cut interest rates for
Updated 31 Oct, 2019 06:50am
Canada central bank holds key lending rate
Money & Banking

Canada central bank holds key lending rate

Canada's central bank on Wednesday maintained its key lending rate at 1.75 percent, taking a cautious stance ahead of an expected global downturn despite a few bright spots in the Canadian economy. The Bank of Canada cited positive economic indicators suc
Updated 31 Oct, 2019 07:08am
Fiat Chrysler, Peugeot in talks to create $50 billion car giant
Global Business Economy

Fiat Chrysler, Peugeot in talks to create $50 billion car giant

Fiat Chrysler and Groupe PSA, the maker of Peugeot and Citroen cars, announced Wednesday they were in merger talks that could propel them into the top ranks as the world's fourth largest automaker. The potential $50 billion tie-up, coming on the heels of
Updated 31 Oct, 2019 06:49am
EU warns Ecuador over illegal fishing

EU warns Ecuador over illegal fishing

The EU on Wednesday warned Ecuador over illegal fishing, saying it could impose a ban on fish imports from the country if it does take more action to address the situation. "We invite the Ecuadoran authorities to step up their efforts and implement the ne
Published 31 Oct, 2019 12:00am
South Africa to cut spending as debt rockets, growth slows
Global Business Economy

South Africa to cut spending as debt rockets, growth slows

South Africa's finance minister on Wednesday warned the country was faced with unprecedented levels of debt as state-owned companies continue to require massive bailouts. Africa's most developed economy is struggling with stagnant growth, record unemploym
Updated 31 Oct, 2019 06:49am
Toyota boosts presence in Poland on Brexit woes
Global Business Economy

Toyota boosts presence in Poland on Brexit woes

Toyota said on Monday that it would boost production of components for hybrid vehicles at its plants in EU member Poland, with local media reporting the choice of location was underpinned by uncertainty over Brexit. Toyota Motor Europe said it would inves
Updated 31 Oct, 2019 07:03am
Airbus A220s ordered to slow down over engine incidents
Global Business Economy

Airbus A220s ordered to slow down over engine incidents

The Airbus A220 should no longer use full power at high altitudes, Canadian and European air safety regulators have announced following several incidents with their engines, including one in which pieces came off in-flight. In an emergency airworthiness d
Updated 31 Oct, 2019 07:13am
Deutsche Bank headed for painful 2019 after Q3 loss
Money & Banking

Deutsche Bank headed for painful 2019 after Q3 loss

Germany's biggest lender Deutsche Bank appeared headed for a historic loss in 2019 Wednesday as a restructuring weighed on its third-quarter earnings, although bosses insist their harsh medicine is taking effect. The group lost 859 million euros ($954 mil
Updated 31 Oct, 2019 07:02am
Warner and Smith on fire as Australia thump Sri Lanka
Other

Warner and Smith on fire as Australia thump Sri Lanka

David Warner and Steve Smith each smashed half-centuries as Australia hammered Sri Lanka by nine wickets to win the second Twenty20 in Brisbane on Wednesday and wrap up the series.
Published 31 Oct, 2019 12:00am
Protests in Bangladesh over ban on Shakib
Other

Protests in Bangladesh over ban on Shakib

Hundreds of supporters of Bangladesh's cricket captain Shakib Al Hasan protested on Wednesday after he was banned for two years by the sport's governing body for not declaring attempts to bribe him.
Published 31 Oct, 2019 12:00am
Peshawar Inter-School Games begins
Other

Peshawar Inter-School Games begins

A grand District Peshawar Inter-School Boys Games got under way amidst great fun and enthusiasm witnessed among the participating students in different Games.
Published 31 Oct, 2019 12:00am
Saudi Arabia to stage first women's wrestling match
Other

Saudi Arabia to stage first women's wrestling match

The first ever women's wrestling match in Saudi Arabia will be held on Thursday, organisers said, the latest unlikely event staged in the kingdom as it attempts to shrug off an ultra-conservative image.
Published 31 Oct, 2019 12:00am