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Exchange

Wall St gains, Nasdaq hits record high as holiday shopping begins

Black Friday kicks off in abbreviated session.
Disney drops after layoffs announcement.
S&P, Dow, Nasdaq up for the week.
Indexes up: Dow 0.13%, S&P 0.24%, Nasdaq 0.92%.

Published 28 Nov, 2020 12:09am

Exchange

PM seeks proposals from industrialists to launch corporate farming at larger scale

The national development and prosperity was linked with the development of business community, he said while talking to a delegation of leading industrialists and businessmen here.

Published 27 Nov, 2020 08:36pm

Exchange

FM Qureshi, Saudi counterpart discuss bilateral relations, regional issues in Niamey

The two foreign ministers discussed the OIC’s importance as the vital platform for Muslim Ummah and its role in the advancement of the Kashmir cause.

Published 27 Nov, 2020 08:29pm

Exchange

Copper hits multi-year peak as companies and speculators buy

Three-month copper on the London Metal Exchange (LME)gained 1pc to $7,476.50 a tonne in official trading after hitting its highest since May 2013 at $7,511.

Published 27 Nov, 2020 06:33pm

Exchange

Rupee slides against dollar

Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs. 159.5 and Rs. 160.5 respectively.

Published 27 Nov, 2020 06:00pm

Exchange

ADB to provide $300mn for macroeconomic stability in Pakistan

“ADB’s program will support these efforts and help Pakistan to improve its export competitiveness—now more important than ever given the impacts of the pandemic.”

Published 27 Nov, 2020 05:55pm

Exchange

Five ‘dacoits’ killed in Karachi shootout: Police

"Five suspects were killed during an exchange of fire. Weapons were also recovered from the suspects," the SHO said.

Published 27 Nov, 2020 05:51pm

Exchange

OIC session: Foreign ministers of Turkey, Saudi Arabia and Nigeria raise IIOJK dispute

Foreign Affairs Ministry states that Pakistan appreciates the envoys of Muslim states for highlighting Indian Illegally Occupied Jammu and Kashmir issue in their statements

Updated 27 Nov, 2020 05:10pm

Exchange

London copper hits near 7-1/2-yr high, set for weekly gain on recovery hopes

LME copper has leapt 71pc from the March low of $4,371 a tonne on hopes of global activities soon returning to normal following positive vaccine trial results.

Published 27 Nov, 2020 04:28pm

Exchange

Gold on track for weekly fall as investors overlook vaccine doubts

Spot gold fell 0.1pc to $1,808.90 per ounce by 0751 GMT, down 3.3pc on the week. U.S. gold futures rose 0.1pc to $1,806.80.

Published 27 Nov, 2020 04:21pm

Forex

Russian rouble slips on declining oil price as vaccine rally wanes

At 0739 GMT, the rouble was down 0.2pc against the dollar at 75.89, edging away from its highest mark in nearly 10 weeks of 75.3025, reached on Thursday.

Published 27 Nov, 2020 04:18pm

Exchange

Turkey central bank lifts lira by dumping another credit rule

The central bank had previously linked reserve requirement ratios and remuneration rates to loan growth, which had spurred lending and economic growth.

Published 27 Nov, 2020 03:40pm

Exchange

Kenyan central bank cuts 2020 growth outlook as coronavirus hits home

The central bank now expects growth of 1.3pc, down from its September forecast of 3.1pc, bank governor Patrick Njoroge told an online news conference.

Published 27 Nov, 2020 03:23pm

Exchange

Ostriches at KSE-100?

Sometimes it feels that ostriches, and not only bulls and bears, exist at stock exchanges. Granted that markets are...

Published 27 Nov, 2020 07:30am

Exchange

Taxation: Doctrine of mutuality

It is an established principle that what is not "income" under the income tax law cannot be taxed, and where there ...