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
Pulsating with life's philosophy titled "Milestone" a group exhibition marks the first anniversary of Sanat Gallery, Karachi. The exhibition comprises the works of selected 13 artists who've been participating in a residency, solo show or group exhibition
Turkmenistan's president has dismissed several senior officials overseeing the economy as the central Asian state grapples with lower energy prices, state media reported Friday. Strongman President Gurbanguly Berdymukhamedov on Thursday fired the deputy p
Malaysia's central bank held its overnight policy rate at 3.25 percent on Thursday, keeping policy steady while the country and its markets were rocked by corruption allegations against Prime Minister Najib Razak. The central bank's decision was as expect
Tokyo's benchmark index closed 0.38 percent lower Friday, giving up early gains despite a rally in Chinese shares as investors retreated to the sidelines ahead of a make-or-break European summit on Greece. The Nikkei 225 at the Tokyo Stock Exchange lost 7
US Treasury debt prices fell on Thursday as China's beaten-down stock markets rose after recent huge falls and Wall Street bounced back from sharp losses. Yields on long-term Treasuries backed away from five-week lows reached this week on worries about th
US Treasury debt prices fell on Thursday as China's beaten-down stock markets rose after recent huge falls and Wall Street bounced back from sharp losses. Yields on long-term Treasuries backed away from five-week lows reached this week on worries about th
The Chinese yuan in the offshore market steadied on Friday as shares in Hong Kong and mainland China rallied strongly for a second straight day following a slew of support measures from Beijing over the past week. In early trades on Friday, offshore yuan
The euro firmed on Friday, while the safe-haven yen slipped as risk appetite warmed a touch on an extended rebound in Chinese shares and signs that Greece was making some progress in its efforts to secure fresh funding. The common currency climbed 1.1 per
The euro rose across the board on Friday, jumping 2 percent against the yen, on optimism that Greece was making progress in its efforts to secure funding and stay in the single currency. The yen and Swiss franc, currencies which tend to do well during tur
The euro advanced across the board on Friday, jumping more than 2 percent against the yen, on optimism Greece was making progress in efforts to secure funding and stay in the euro zone. The yen and the Swiss franc, which tend to do well during turmoil in
The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan. The 6 percent gai
The Sri Lankan rupee ended steady for a sixth straight session on Friday in dull trade as demand for more dollars by importers was offset by selling of the greenback at 133.60 by a state-run bank, dealers said. The state-owned bank, through which the cent
Most emerging Asian currencies rose on Friday as risk appetite improved as Chinese stocks rallied for a second day and hopes that Greece's can reach a deal with its creditors in talks over the weekend. Despite the rise regional currencies were still set t
Sterling climbed above $1.55 on Friday, drawing support from a rally in the euro on optimism that Greece was making progress in its efforts to secure more funding and stay in the currency union. The British currency had fallen to a one-month low earlier i
The Australian and New Zealand dollars continued to gain on Friday, recovering from a sell-off earlier in the week as Greece put forward new reform proposals and Chinese stocks rebounded for a second session. The Australian dollar rose 0.4 percent to $0.7
The State Bank of Pakistan (SBP) Friday directed banks to ensure uninterrupted ATM services and fresh currency notes to the public during Ramadan and Eid holidays. State Bank held a meeting on Friday with the Group Heads of Operations of all commercial ba
The European Union's chairman joined growing international calls for Greece to be granted debt restructuring as part of any new loan deal if it delivers convincing reforms to avert imminent bankruptcy. The call was an implicit challenge to Germany, Athens
PepsiCo Inc reported better-than-expected quarterly profit and sales and recorded revenue growth in its Americas beverages business for just the second time in nearly four years, helped by higher demand and an increase in prices. The company also raised i
PepsiCo Inc reported better-than-expected quarterly profit and sales and recorded revenue growth in its Americas beverages business for just the second time in nearly four years, helped by higher demand and an increase in prices. The company also raised i
The yen surrendered some of its gains on Thursday as a smidgen of stability returned to recently volatile Chinese stock markets, and investors locked in gains after the Japanese currency's biggest one-day rally against the greenback this year. The dollar
The yen surrendered some of this week's gains and the Australian dollar gained on Thursday after Chinese stocks showed signs of stemming a rout that has rippled through global markets. The 6 percent gain in Shanghai shares was enough to prompt some optimi
The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan. The 6 percent gai
The yen rose to a seven-week high against the dollar on Wednesday, as investors bought the Japanese currency for safety, spooked by plunging Chinese stocks and the still unresolved Greek debt crisis. The low-yielding yen, used as a funding currency to buy
The Sri Lankan rupee ended steady for a fifth straight session on Thursday as demand for more dollars by importers was offset by selling of the greenback at 133.60 by banks and exporters, dealers said. One of the state-owned banks, through which the centr
Most emerging Asian currencies rebounded on Thursday as Chinese stocks turned higher, easing concerns over its market rout for now, while Malaysia's ringgit edged up as authorities again intervened to prop up the regiona's worst-performing unit. Chinese s
Egypt's central bank held the Egyptian pound steady at 7.73 to the dollar at a foreign exchange auction on Thursday following a depreciation over the past week, while the currency weakened on the parallel market. The central bank said it had offered $40 m