KARACHI: Yellow metal prices in international and domestic markets recovered on interest of hedgers and buyers. Gold Futures also helped keeping prices on firm note. Ready market buying prices were attractive for buyers while investors and hedgers made deals on short term basis. Gold Futures speculation and output outlook report remained a factor that kept […]
Higher demand keeps physical prices firm during trading at lint market
KARACHI: Buyers bought better grades of lint in anticipating shrinking of better grades and increase in prices of the commodity during trading session at leading stations of Punjab and Sindh. Increasing trend in dollar is also a factor that has impact prices of cotton while grade related demand remained on higher side. Buyers bought better […]
Dollar closes dull in value versus rupee
KARACHI: Greenback closed depressed in value versus domestic unit in interbank and remained flat in open market transaction. After remaining in upper bracket in past three intraday trading, dollar shed value by 60 paisas and closed at Rs 110 for buying and Rs 110.20 for selling versus rupee in interbank. Pound Sterling stood firm in […]
No ‘threat’ to govt: Abbasi
LONDON: Prime Minister Shahid Khaqan Abbasi Thursday said there was no threat to the government and expressed confidence that it would complete its term. “I do not see any threat to the government. Threats are always there, however, our government will have a smooth sailing with interim government to be formed in June,” Abbasi told […]
Incentives for overseas must to control drop in remittances: APBF
LAHORE: The All Pakistan Business Forum has said that downward trend in remittances to Pakistan from overseas workers pose risks to external sector, urging the government to announce incentives for oversees Pakistanis to check a drop in foreign remittances. Quoting the latest data of the central bank, he said that overseas Pakistani workers remitted around […]
Legislators demand judicial inquiry into Faizabad dharna by religious protesters
ISLAMABAD: The legislators in Upper House of parliament on Thursday demanded formation of a judicial commission to probe Faizabad sit-in, which according to them was a well-planned conspiracy to weaken the democratic government. In a discussion on the situation arising out of the recent sit-in at Faizabad interchange in Islamabad through an adjournment motion moved […]
Dollar, stocks drop in Asia as Fed fails to inspire
The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The fall in the greenback was mirrored in a broad sell-off in regional equities as traders ignored another record […]
NAB decides to bring Ishaq Dar back through Interpol
ISLAMABAD: The National Accountability Bureau (NAB) on Thursday decided to issue red notice for Senator Ishaq Dar and bring him back to Pakistan with the help of Interpol. A statement issued by the anti-corruption watchdog following an executive board meeting chaired by Chairman Javed Iqbal said that Dar, who is receiving medical treatment in London, […]
Winter cuts dent in China’s industrial output
China’s industrial output slowed again in November, official data showed Thursday, as authorities press on with their fight against smog by clamping down on polluting heavy industries. Output at factories and workshops expanded 6.1 percent year-on-year, the National Bureau of Statistics (NBS) said, against 6.2 percent in October and in line with forecasts in a […]
Ayaz Sadiq has revealed the ‘inside story’: PPP
ISLAMABAD: Opposition Leader in National Assembly Khursheed Shah said on Thursday that Speaker Ayaz Sadiq’s statement regarding the assemblies was in fact the ‘inside story’. Shah said Ayaz Sadiq had more sense and understanding of the situation. “The situation is suspicious because there is a party which is applying pressure for elections to be held […]