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Print - 2020-02-01
Understated GDP
Articles

Understated GDP

It's no news that informal economy is significant in Pakistan. What some would not know is that within documented economy, not everything is measured in GDP computation. It can be said with confidence that GDP is significantly understated in Pakistan. Onc
Updated 02 Feb, 2020 06:49am
Damascus rations subsidised food with smart cards
Global Business Economy

Damascus rations subsidised food with smart cards

Syria's government Saturday started rationing subsidised food like rice and sugar with smart cards, a ministry said, in the latest measure to address an economic crisis in the war-torn country. The value of the Syrian pound against the dollar has plummete
Updated 01 Feb, 2020 10:59pm
State Bank of Pakistan conversion 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 01 Feb, 2020 12:00am
Barclays bid rates and maximum rates for payment of interest

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 01 Feb, 2020 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
Bill buying rates per unit of currency

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 Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 31, 2020).
Published 01 Feb, 2020 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
BOARD MEETINGS
Stocks

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 01 Feb, 2020 12:00am
Member to Member
Stocks

Member to Member

The following transactions member to member subsequently reported on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
Shipping Intelligence
Schedules

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 31, 2020)

Published 01 Feb, 2020 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 01 Feb, 2020 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 31, 2020).

Published 01 Feb, 2020 12:00am
The Weather

The Weather

The weather report on Friday (January 31, 2020) and the forecast for Saturday (February 1, 2020).

Published 01 Feb, 2020 12:00am
US MIDDAY: Soyabeans down
Commodities

US MIDDAY: Soyabeans down

Chicago Board of Trade soyabean futures fell on Friday, on track for their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said.
Published 01 Feb, 2020 12:00am
Oil prices fall
Energy

Oil prices fall

Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people. Prices briefly found support afte
Published 01 Feb, 2020 12:00am
Copper tumbles
Commodities

Copper tumbles

Copper hit a five-month low on Friday as funds and traders sold on the expectation of slowing demand in top consumer China, where the coronavirus outbreak threatens to hit economic activity. Benchmark copper on the London Metal Exchange ended down 0.4% at
Published 01 Feb, 2020 12:00am
Cotton prices drop
Cotton & Textile

Cotton prices drop

Cotton futures dropped 2% on Friday and were heading for their third consecutive week of losses as investors fretted over the impact on China's economy from a virus outbreak that could hurt demand for the natural fiber in China.
Published 01 Feb, 2020 12:00am
CBOT wheat futures lower
Commodities

CBOT wheat futures lower

Chicago Board of Trade wheat futures dropped on Thursday as fears over the spread of the coronavirus triggered broad selling, traders said. A drop in wheat prices in top exporter Russia added pressure to US markets, traders said. Russia's Agriculture Mini
Published 01 Feb, 2020 12:00am
Cotton market: fears of coronavirus affecting business activity
Cotton & Textile

Cotton market: fears of coronavirus affecting business activity

Spread of coronavirus affecting business activity on the cotton market on Friday in the process of trading activity, dealers said. The official spot rate continued to slide for the second day in a row, dropping Rs 50 further to Rs 9000, they added. In the
Published 01 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 165,020 tonnes of cargo comprising 91,832 tonnes of import cargo and 73,188 tonnes of export cargo including 8,345 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 91,
Published 01 Feb, 2020 12:00am
US natural gas falls to four-year low
Energy

US natural gas falls to four-year low

US natural gas futures fell to their lowest in almost four years for a second day in a row on Thursday on forecasts for milder weather and less heating demand next week than previously expected. That decline came despite a federal report showing the first
Published 01 Feb, 2020 12:00am
CBOT soyabean futures hit eight-month low
Commodities

CBOT soyabean futures hit eight-month low

US soyabean futures on Thursday fell for an eighth day in a row and reached eight-month lows as concerns intensified about the widening coronavirus outbreak, traders said. March soyabeans set their lowest price since May 24, 2019. The spead of a coronavir
Published 01 Feb, 2020 12:00am
Brazilian mills seen shifting more cane to sugar output
Commodities

Brazilian mills seen shifting more cane to sugar output

Mills in Brazil's center-south region are expected to allocate more cane to sugar production in the new season that starts in April than they did in the previous crop, due to improved raw sugar prices in New York, INTL FCStone said on Thursday. The broker
Published 01 Feb, 2020 12:00am
PMEX daily trading report

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,206. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.469 billion and the number of lots traded was 9,530.
Published 01 Feb, 2020 12:00am
Euronext wheat futures slightly lower
Commodities

Euronext wheat futures slightly lower

Euronext wheat futures were slightly lower in late trading on Thursday after a sale of French wheat to Egypt helped prices recover from a near three-week low linked to broad market fears about a coronavirus outbreak in China. Benchmark March milling wheat
Published 01 Feb, 2020 12:00am
Southeast Asian stocks post heavy losses
Stocks

Southeast Asian stocks post heavy losses

The Philippine and Vietnam indexes slumped over 2% on Friday, while other Southeast Asian stock markets also extended losses to close lower as fears about the spread of coronavirus triggered sell-offs across the region.
Published 01 Feb, 2020 12:00am
Sri Lankan shares end flat
Stocks

Sri Lankan shares end flat

Sri Lankan shares ended largely unchanged on Friday, with gains in financial and consumer stocks keeping the benchmark index in the positive territory. The benchmark Sri Lankan stock index closed up 0.03% at 5,929.76 points.
Published 01 Feb, 2020 12:00am
European shares drop on coronavirus cases, weak eurozone data
Stocks

European shares drop on coronavirus cases, weak eurozone data

European shares gave up earlier gains to end firmly in negative territory on Friday after the United Kingdom and Italy confirmed their first coronavirus cases, and with a set of disappointing euro zone indicators also weighing on sentiment.
Published 01 Feb, 2020 12:00am
Nikkei ends higher, but sees worst week in 6 months
Stocks

Nikkei ends higher, but sees worst week in 6 months

Nikkei closed higher on Friday as some upbeat corporate earnings and forecasts helped, although the benchmark recorded its worst weekly slide in six months on fears of the rapidly-spreading coronavirus in China. The Nikkei share average ended 1.0% higher
Published 01 Feb, 2020 12:00am
Australian, NZ shares helped by China PMI
Stocks

Australian, NZ shares helped by China PMI

Australian shares eked out gains on Friday as monthly data from China showed signs of stabilisation, although worries over the rapidly-spreading coronavirus capped gains and dragged the benchmark 1% lower for the week.
Published 01 Feb, 2020 12:00am
Treasury yields fall to 3-month lows
Money & Banking

Treasury yields fall to 3-month lows

US Treasury yields fell to three-month lows on Thursday and a closely watched part of the yield curve inverted as concerns about the economic impact of a virus emanating in China weighed on risk appetite. The number of confirmed deaths from the virus in C
Published 01 Feb, 2020 12:00am
Indian shares rise
Stocks

Indian shares rise

Indian shares rose on Friday, led by gains in banking stocks, a day ahead of the keenly awaited federal budget announcement which comes during the country's worst economic slowdown in a decade.
Published 01 Feb, 2020 12:00am
Hong Kong shares fall to near two-month low
Stocks

Hong Kong shares fall to near two-month low

Hong Kong stocks erased morning session gains and ended lower on Friday, dragged down by healthcare and energy. However, bargain-hunting emerged in consumer stocks which were battered by a recent selloff amid fears of the coronavirus outbreak in China.
Published 01 Feb, 2020 12:00am
Eurozone bonds brush off data releases
Money & Banking

Eurozone bonds brush off data releases

Eurozone government bond yields held at four-month lows on Friday as coronavirus fears remained the market's focus despite growth and inflation data releases. The United States advised Americans not to travel to China as the death toll from the virus reac
Published 01 Feb, 2020 12:00am
US consumer, factory data suggest economy losing momentum
Global Business Economy

US consumer, factory data suggest economy losing momentum

US consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Published 01 Feb, 2020 12:00am
Airbus agrees to pay $4bn to settle corruption probes
Global Business Economy

Airbus agrees to pay $4bn to settle corruption probes

Airbus is set to pay a massive 3.6 billion euros ($4 billion) in fines to Britain, France and the US to settle corruption inquiries sparked by suspicious equipment sales, according to a deal approved by a French court Friday.
Published 01 Feb, 2020 12:00am
Eurozone growth slows sharply to 1.2 percent in 2019
Global Business Economy

Eurozone growth slows sharply to 1.2 percent in 2019

Growth in the eurozone slowed sharply in 2019, official data showed Friday, after a turbulent year of Brexit uncertainty and trade spats with US President Donald Trump.
Published 01 Feb, 2020 12:00am
Exxon Mobil profits dip
Energy

Exxon Mobil profits dip

Exxon Mobil reported a dip in fourth-quarter earnings Friday as a gain from Norway oil and gas assets blunted the impact from weak chemical and refining results. Earnings came in at $5.7 billion, down 5.2 percent from the year-ago period. Revenues fell 6.
Published 01 Feb, 2020 12:00am
China's factory activity falls in January as virus fears grow
Global Business Economy

China's factory activity falls in January as virus fears grow

China's manufacturing activity slipped in January, official data released Friday showed, as the country grapples with a new virus that has claimed more than 200 lives. The Purchasing Managers' Index (PMI), an early gauge of factory activity, came in at 50
Published 01 Feb, 2020 12:00am
India's annual growth slows to five percent
Global Business Economy

India's annual growth slows to five percent

India's economy grew five percent last year, its slowest expansion since the 2008 global financial crisis, official data showed Friday, underlining the challenges facing Prime Minister Narendra Modi's government. But New Delhi said it expected a recovery
Published 01 Feb, 2020 12:00am
Amazon shares surge on strong earnings update
Energy

Amazon shares surge on strong earnings update

Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations. Profit in the final three months of last year rose eight percent from 2018 to $3.3 billion, as re
Published 01 Feb, 2020 12:00am
Thiem storms into final with 'king of Australia' Djokovic
Other

Thiem storms into final with 'king of Australia' Djokovic

Tireless Dominic Thiem came from a set down to outlast German Alexander Zverev and make his first Australian Open final Friday, booking a showdown with seven-time champion Novak Djokovic, a man he called the "king".
Published 01 Feb, 2020 12:00am
Iqbal Qasim to head PCB's Cricket Committee
Cricket

Iqbal Qasim to head PCB's Cricket Committee

Former Test spinner Iqbal Qasim will head the revamped Pakistan Cricket Board (PCB)'s Cricket Committee, which will meet on a quarterly basis, it was announced on Friday.
Published 01 Feb, 2020 12:00am
Gayle takes his big hitting to Nepal's T20 league
Cricket

Gayle takes his big hitting to Nepal's T20 league

West Indies batting hero Chris Gayle has become the biggest international star to sign up for Nepal's Twenty20 league. The self-proclaimed king of T20 announced late Thursday that he will join Pokhara Rhinos in the Everest Premier League (EPL) that is pre
Published 01 Feb, 2020 12:00am
Diaz, Akhmadaliev win titles in boxing upsets
Other

Diaz, Akhmadaliev win titles in boxing upsets

Unbeaten Murodjon Akhmadaliev won his first title in just his eighth career fight with a split decision victory over Daniel Roman on Thursday to capture Roman's WBA and IBF junior featherweight belts. Akhmadaliev won 115-113 on two scorecards, and Roman w
Published 01 Feb, 2020 12:00am
Mendis century defies Zimbabwe as Sri Lanka win series
Cricket

Mendis century defies Zimbabwe as Sri Lanka win series

Sri Lanka batsman Kusal Mendis frustrated Zimbabwe's hopes of a series-levelling win at the Harare Sports Club Ground with a stubborn 116 not out as the second Test petered out to a draw on Friday. Sri Lanka's 10-wicket win in the first Test last week at
Published 01 Feb, 2020 12:00am
India snatch another super over T20 victory against New Zealand
Cricket

India snatch another super over T20 victory against New Zealand

India snatched the fourth Twenty20 against New Zealand on Friday after yet another super over was needed to separate the two sides after the scores were tied following the regulation 20 overs. New Zealand, batting first in the decider, made 13 with Tim Se
Published 01 Feb, 2020 12:00am
Sterling set for biggest weekly gain in a month
Money & Banking

Sterling set for biggest weekly gain in a month

The British pound extended its rally on Friday and was on track for its biggest weekly gain in a month after the Bank of England's decision to keep interest rates steady on signs of a post-election pick-up in growth. But analysts said the rally may be sho
Published 01 Feb, 2020 12:00am
South Africa's rand tumbles to 11-week low
Money & Banking

South Africa's rand tumbles to 11-week low

South Africa's rand kept tumbling on Friday, sliding to a new 12-week low after the World Health Organization declared the coronavirus a global emergency, compounding local economic issues faced by the currency. At 1500 GMT the rand was 1.31% weaker at 14
Published 01 Feb, 2020 12:00am
Brazil's real hits all time low against dollar
Money & Banking

Brazil's real hits all time low against dollar

Brazil's real slid to a fresh record low against the dollar on Friday, on track for one of its biggest monthly falls since the 2015-16 recession as traders tested the central bank's resolve not to intervene in the face of the depreciating exchange rate.
Published 01 Feb, 2020 12:00am
Asian forex: Units set to post weekly losses
Money & Banking

Asian forex: Units set to post weekly losses

Most Asian currencies were set to record weekly losses on Friday as risk sentiment took a hit on fears that the rapidly-spreading coronavirus in China could hurt its economy. Amid persisting concerns about the outbreak, which has killed more than 200 peop
Published 01 Feb, 2020 12:00am
Aussie, kiwi set for biggest weekly loss
Money & Banking

Aussie, kiwi set for biggest weekly loss

The Australian and New Zealand dollars loitered near multi-month lows on Friday, poised for their worst weekly losses since last September, as the export-led currencies bore the brunt of selling over the spreading China virus. The Australian dollar, often
Published 01 Feb, 2020 12:00am
Weak US data ends dollar's safe-haven rally in New York
Money & Banking

Weak US data ends dollar's safe-haven rally in New York

The US dollar fell Thursday on news that the American economy in 2019 posted its slowest annual growth in three years and that personal consumption weakened dramatically, ending the currency's rally on safe-haven demand from worries about economic fallout
Published 01 Feb, 2020 12:00am
Early trade in New York: Yen, Swiss franc rise
Money & Banking

Early trade in New York: Yen, Swiss franc rise

The safe-haven yen and Swiss franc gained on Friday as fears escalated about the global economic impact of the latest coronavirus outbreak in China last week. The Australian dollar fell to a four-month low against the US dollar, while China's offshore yua
Published 01 Feb, 2020 12:00am
Trade-linked currencies fall in Europe
Money & Banking

Trade-linked currencies fall in Europe

The Australian dollar fell to a four-month low on Friday while China's offshore yuan struggled to find a footing on concerns about the economic impact of a virus inside and outside China. The World Health Organisation said late on Thursday that the corona
Published 01 Feb, 2020 12:00am
Battered currencies arrest slide in Asia
Money & Banking

Battered currencies arrest slide in Asia

Asian currencies steadied their slide on Friday, as World Health Organization confidence in China's response to a rapidly-spreading new virus tempered worries over a jump in infections. The WHO said late Thursday that the coronavirus outbreak was a global
Published 01 Feb, 2020 12:00am