VW, Fiat hit as European shares slump on Trump’s Mexico tariffs
European shares sank to a more than three-month low on Friday, led by carmakers Volkswagen and Fiat Chrysler after President Donald Trump opened a new front in global trade tensions by promising tariffs on Mexican imports. Trump said all Mexican goods would face a 5% tariff from June 10 until illegal immigration is stopped, threatening to disrupt supply chains at a ...
Currency rates in Pakistan - 31 May 2019
KARACHI (Dunya News) - Currency rates in open market in Pakistan according to international currencies as of 31 May 2019. The price of 1 USD to PKR buying is Rs148.00 and selling of US Dollar is Rs149.00. British Pound (GBP) to PKR buying is Rs189.00 and selling is Rs191.00. Euro to PKR buying is Rs165.00 and selling is Rs167.00. Saudi Riyal to ...
US dollar gains 50 paisa against Pakistani rupee
KARACHI (Dunya News) ? The US dollar gained 50 paisa against the Pakistani rupee in the interbank market on Friday, and is traded at Rs148.75.
PHMA For Continuation Of Zero-rating Regime For SME Export Sector
Lahore (UrduPoint / Pakistan Point News / Online - 31st May, 2019) The Hosiery Manufacturers Association (PHMA) on Friday urged the to continue the sales tax zero-rating regime for five export-oriented sectors in the 2019-20, representing mainly SMEs, as suspension of this facility will not only undermine the initiatives of the to spur but ...
Italy Revises Down First Quarter GDP Figures
Rome, (UrduPoint / Pakistan Point News - 31st May, 2019 ) :Italy's GDP grew just 0.1 percent in the first quarter of this year, official figures showed Friday, revising downwards an earlier forecast in bad for the as it locks horns with . Year-on-year GDP growth -- initially given as 0.1 percent -- was meanwhile revised downwards ...
Fish Exports Decline 6pc To $348.484mln In 10 Months
ISLAMABAD, (UrduPoint / Pakistan Point News - 31st May, 2019 ) :The of fish and fish preparations decreased by 6.21 percent during the fiscal year 2018-19 as compared to the corresponding period of last year. The seafood during July-April (2018-19) were recorded at $348.484 against the of $371.548 in July-April (2017-18), showing negative growth ...
Groundbreaking Ceremony Of Zameen Development’s Project ‘Zameen Opal’ Takes Place In Lahore
Lahore (UrduPoint / Pakistan Point News - 31st May, 2019) Zameen Developments organized the official groundbreaking ceremony for its first residential project in Lahore, titled Zameen Opal, on Wednesday. He added that Pakistan was lagging behind in the region in the development of new projects to address a growing shortage of housing, and Zameen Developments aimed to take this ...
S&P Boosts Indonesia's Credit Rating After Widodo Re-election
Jakarta, (UrduPoint / Pakistan Point News - 31st May, 2019 ) :Ratings agency S&P lifted 's credit rating Friday, citing strong prospects for Southeast 's biggest economy after the re-election of president . But S&P said it expected the battle would not disrupt Widodo's second term, after his initial tenure featured a multi-billion-dollar infrastructure push, including 's first mass-rapid-transit ...
Asia Markets Fall After Trump Announces Mexico Tariffs
Hong Kong, (UrduPoint / Pakistan Point News - 31st May, 2019 ) : edged down Friday, despite modest gains on Wall Street overnight, as US President 's sudden announcement of tariffs on Mexican imports saw shares drop. Trump's announcement of a five percent tariff on goods starting 10 sent shares in ...
European Stock Markets Slide At Open
London, (UrduPoint / Pakistan Point News - 31st May, 2019 ) :European tumbled at the open Friday, resuming a midweek slump, with investors spooked by fresh trade war concerns after US President announced tariffs on Mexican imports.
World Bank Forecasts China GDP Growth At 6.2 Pct In 2019, 6.1 Pct In 2020
In an external environment that has become less favorable due to slowing global growth and rising trade tensions, China's economy will need to rely increasingly on domestic demand to sustain rapid growth, according to a report released by the World Bank.
Tokyo Shares Close Lower After Trump Announces Mexico Tariffs
Tokyo, (UrduPoint / Pakistan Point News - 31st May, 2019 ) : closed lower Friday, after US President announced a five percent tariff on goods , prompting the to strengthen against the . The benchmark Nikkei 225 index fell 1.63 percent, or 341.34 points, to end at 20,601.19, while the Topix index was down 1.29 percent, ...
KPT Shipping Intelligence Report
ALONG SIDE (Bulk Pier) OP-I D. Crude 30/05/19 OP-II Maria Bottigileri D. Crude 29/05/19 ALONG SIDE (East Wharves): 1 Al Mahboobah D.Chemical Wilhelmsen 30/05/19 10/11 Knight L.Clinkers OC-Services 29/05/19 12/13 W-SKY D. Cannola East Wind 23/05/19 14/15 Ksl Huayang D. Gen Cargo AARAS-SH 23/05/19 ALONG SIDE(P.I.C.T): 6/7 Apl England D.L. Cnt. Cnt. OC-Network 30/05/19 ALONG SIDE(PDWCP): SAPT-3 Express Athense D.L. Cnt. Cnt. ALONG ...
Foreign Currency Account Scheme
FOREIGN ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE AUTHORIZED DEALERS U.S. VALUE 31-05-19 For 3 months and over but less than 6 months 2.2718% PA 3.0218% PA For 6 months and over but less than 12 Months 2.2744% PA 3.0244% PA For 12 months 2.3208% PA 3.1958% PA For 2 Years 2.3208% PA 3.6958% PA For 3 Years 2.3208% PA ...
Foreign Exchange Rates
KARACHI, (UrduPoint / Pakistan Point News - 31st May, 2019 ) :The Rates Committee of Financial Association of issued the following exchange rates bulletin, here on Friday. LIBOR VALUE 6 MONTHS US 2.5244 31.05.2019 CONVERSION RATES FOR 31ST FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS) SBP SETTLEMENT VALUE 10, 2019 USD 148.0811 GBP 186.9820 EUR ...
Currency Rate in Pakistan: US Dollar, UK Pound, Saudi Riyal, UAE Dirham - 31 May 2019
KARACHI: Following were the closing rates of US Dollar, Saudi Riyal, UK Pound, UAE Dirham and other foreign currencies in kerb market, according to the Forex Association of Pakistan on Friday , May 31, 2019.
Uber Posts $1 Bn Loss In Q1 On Growing Revenue
San Francisco, (UrduPoint / Pakistan Point News - 31st May, 2019 ):Ride share giant Uber on Thursday reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 percent to $3.1 billion from the same quarter last ...
Plastic exports increase by 30pc in first 10 months
ISLAMABAD, May 30 (APP):The export of plastic material from the country witnessed an increase of 30.18 percent during the first ten months of current fiscal year against the exports of the corresponding period of last year. The plastic exports from the country were recorded at $ 263.655 million during July-April (2018-19) against the exports of $202.527 million during July-April (2017-18), showing ...
Hong Kong Stocks Finish Week With Losses
Hong Kong, (UrduPoint / Pakistan Point News - 31st May, 2019 ) : shares ended the week Friday with losses after US President suddenly announced tariffs on Mexican imports, stoking anxiety among investors. The benchmark Composite Index closed 0.24 percent lower, or 7.11 points, at 2,898.70, while the Composite Index, which tracks on 's ...
BOJ says to reduce frequency of buying in superlong JGBs in June
TOKYO: The Bank of Japan plans to conduct buying of Japanese government bonds with more than 10 to 40 years to maturity three times in June, compared to four times for the past six months, the central bank said on Friday. It also said it will buy 100 to 300 billion yen ($0.92 billion – $2.76 billion) of 10-25 year JGBs ...
