Pakistan seafood exports to China rise: Chinese fishing company
Yu-Fei is among a growing list of companies that bank on robust domestic demand in China to import seafood from Gwadar and sell to customers in Urumqi and Karamay, both in Xinjiang, and other cities including Beijing, Shanghai, and Shenzhen.
Pakistan Stock Exchange continues bullish trend
The KSE-100 closed the outgoing week at 35,703 points, gaining 2,537 points or 7.5%?the biggest increase in the market for over a decade. The gains helped the index recover 40% of its accumulated losses in the previous weeks since fluctuations in the rupee exchange rate and economic uncertainty wreaked havoc in the financial markets. A day earlier,?the Pakistani currency ...
NBP Exchange Rates
Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 150.20 ...
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 30 May 2019
These currency prices are provided by open market currency exchange dealers, and currency rates in Pakistan are updated four times every day to keep them fresh and relevant for users.
Bank of America sees lower trading revenue in second quarter
Bank of America Corp joined the chorus of large banks predicting a weak trading quarter on Wednesday. Speaking to investors and analysts at an industry conference, Chief Executive Brian Moynihan said he expects trading revenue to be lower and investment banking revenue to be flat. Earlier this week JPMorgan Chase & Co CEO Jamie Dimon and Citigroup Inc CEO Mike Corbat said ...
Nissan CEO sees no big downside to FCA-Renault merger
TOKYO: Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler (FCA) , it said on Wednesday in a lukewarm endorsement of the proposed $35 billion tie-up, which would complicate an already uneasy alliance. The leaders of Nissan Motor Co, France?s Renault SA and junior partner Mitsubishi Motors Corp gathered at Nissan?s headquarters in Yokohama ...
Shell pledges to reveal the taxes it pays in every country
Shell?s vice president for taxation Alan McLean made the promise at a hearing on taxation of multinationals called by parliament after reports emerged last year that Shell does not pay any corporate tax in the Netherlands, despite being headquartered in The Hague. ?I understand that for many people? being seen to make profits here in the Netherlands and not ...
Mexico central bank further slashes growth forecast
In a quarterly inflation report, the bank said pressures on the economy, which contracted 0.2% in the first quarter compared to the previous three month period, ranged from lower US industrial output to global trade disputes and uncertainty over domestic policies in Mexico.
Irish central bank governor departs with overheating warning
?Our advice to the government to run bigger surpluses is partly to do with fiscal sustainability but actually the bigger issue right now is not to demand too much from the Irish economy.? Finance Minister Paschal Donohoe, who last week said Ireland was now close to full employment, responded that Lane?s comments showed why it was so important the government ...
US banking regulator says strains growing in farm sector
WASHINGTON: A US banking regulator on Wednesday said more farmers fell behind on their loans early this year, a sign that international trade tensions could be weighing on a farm sector already beset by years of low commodity prices. She said the share of farm loans at community banks that were noncurrent ? that is, at least 90 days ...
Ferrari accelerates its move into hybrid cars
MARANELLO: Ferrari presented a luxury car with a difference on Wednesday ? a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour. Fitted with a 1,000 horsepower engine developed from Formula One, the new 4WD SF90 Stradale hybrid sports car was proudly displayed at ...
Wells Fargo adds former Bank of America executive to board
NEW YORK: Wells Fargo & Co said on Wednesday the bank?s board of directors had elected former Bank of America Corp executive Charles Noski to join the board. Noski currently serves on the boards of Microsoft Corp and Booking Holdings Inc and has held director positions at companies including Morgan Stanley, AT&T and Northrop Grumman.
Exxon holders reject separate CEO-chairman, climate resolutions
At Chevron Corp?s annual meeting on Wednesday, a proposal to create an independent chairman received just 26% of votes, and only 8% of votes favored a board committee on climate change. New York state?s pension fund and the Church Commissioners for England, the endowment fund of the Church of England, had backed the independent chairman?s proposal at Exxon after ...
VW Tennessee plant employees to vote on whether to join union
WASHINGTON: Volkswagen AG and the United Auto Workers union confirmed on Wednesday that workers at the German automaker?s Chattanooga, Tennessee, assembly will vote June 12-14 on whether to unionize. Workers at the plant in 2014 narrowly voted against unionizing in a blow to the UAW?s efforts to organize U.S plants operated by foreign automakers. Last week, Senators Gary Peters ...
SBP’s fresh currency notes service receives overwhelming public response
This year service was launched on May 19, 2019 against arrangements made at 1718 designated ?e-branches? in 142 cities as compared to 1535 branches in 132 cities last year. It may also be noted that apart from this SMS service, banks may continue to provide fresh currency notes to their customers from their branches and ATMs as sufficient quantity ...
PSX bounces back by 1,010 points
The three top traded companies were Bank of Punjab with a volume of 17,454,500, and its price per share increased by Rs 0.13 to close at Rs 11.08, followed by Fauji Cement with a volume of 11,837,500 and its price per share also increased by Rs 0.78 to close at Rs 16.9 and Unity Foods Ltd with a volume ...
Withdrawal of zero rating regime to hit exports: Aptma
LAHORE - The All Pakistan Textile Mills Association (APTMA) Chairman Syed Ali Ahsan has apprehended that the proposal of withdrawal of zero rating regime would have adverse impact on exports production and investments, as such policies would deter both local and foreign investments in the sector and chances of industry closure are too high. He said the regime of ...
Punjab violates withdrawal plan, utilises Sindh’s water
IRSA has adjusted Mangla outflow to 70,000 cusecs, in conjunction with Chenab flows, out of which about 80% water was utilised by Punjab in violation of its withdrawal plan, official sources told The Nation here. Rejecting the claim that Punjab and Sindh faced 21% and 8% shortage during first 50 days of the Kharif season IRSA said that because ...
More incentives should be announced for agri sector in budget: ICCI
ISLAMABAD - The Islamabad Chamber of Commerce & Industry (ICCI) has said that the agriculture was playing important role in the economic development of the country and providing raw material to many industries, therefore, government should consider announcing more incentives for this sector in the forthcoming budget that would help in further strengthening the rural economy, improving agricultural productivity, ...
FBR sets up Asset Declaration Facilitation Desk at LCCI
LCCI Vice President Faheem-ur-Rehman Saigal, Commissioner AEOI (FBR Portal AEOI: Automatic Exchange of Information) Rai Irshad, Former Senior Vice Presidents Irfan Iqbal Sheikh, Amjad Ali Jawa, Khawaja Khawar Rasheed, Vice President Kashif Anwar, Mian Zahid Javed, Dr Muhammad Khaliq Arshad, Khalid Usman and others were also present on the occasion. Speaking on the occasion, Chief Commissioner LTU said that ...
