Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 15, 2010).

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 15, 2010).

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (December 15, 2010).

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (December 15, 2010).

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 15, 2010).

Interest rates on old and incremental FCY deposits on Wednesday (December 15, 2010).

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (December 15, 2010).

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (December 15, 2010).

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (December 15, 2010).

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 15, 2010).

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

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

Karachi interbank rates on Wednesday (December 15, 2010).

Tuesday's closing prices of New York cotton in US cents/lb.

All timings are in PST (Pakistan Standard Time).

The Karachi Port handled 100,573 tonnes of cargo including 64,586 tonnes of import cargo, 35,987 tonnes of export cargo, 5,775 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 64,586 tonnes compr

Declared cocoa arrivals at ports in top grower Ivory Coast hit 369,216 tonnes by December 5 since the start of the season in October, according to data from regulator BCC obtained by Reuters on Tuesday. The figures stood below the 430,555 tonnes arriving

ICE Canadian canola futures fell off new contract highs to snap their longest streak of gains in nearly six months on Tuesday as investors took profits, traders said. Total volume of 28,551 was largest since October 26, due to brisk inter-month spreading.

La Nina, which is raising concerns over Argentina's corn and soya crops, could hit the South American country again next season and cause even worse damage to yields, a climate specialist said on Tuesday. Argentina is one of the world's leading exporters

Firmness prevailed on the local cotton market on Wednesday as prices in ready business and official spot rate went up ahead of Muharram holidays, dealers said. The Karachi Cotton Association (KCA) spot rate was raised by Rs 200 to 9,100. Seed cotton price

Due to Muharram holidays on the 16th and the 17th of December, 2010 followed by the weekend, condition here on the cotton market is quite lackluster and the lull in business is expected to spill over into next week. Business is likely to resume at the beg

Due to Muharram holidays on the 16th and the 17th of December, 2010 followed by the weekend, condition here on the cotton market is quite lackluster and the lull in business is expected to spill over into next week. Business is likely to resume at the beg

Ghana joined the ranks of Africa's oil exporters on Wednesday, pledging to work to ensure lucrative new revenues further bolster one of the continent's rising star economies. President John Atta Mills, wearing safety gear and blue overalls, opened the val

The United States requires a "fundamental rethink" of its tax system, and many industrialised countries will have to raise taxes above pre-crisis levels to reduce their deficits, the OECD said on Wednesday. Jeffrey Owens, director of the Organisation of E

Rich and emerging market nations agreed to put up $49.3 billion to top up a World Bank fund to aid the world's poorest countries, digging deeper to find more money despite strained budgets at home. World Bank President Robert Zoellick said on Wednesday th

Greek protesters clashed with police and set fire to cars and a hotel in central Athens on Wednesday as tens of thousands marched against austerity measures aimed at pulling the country out of a debt crisis. Riot police answered with dozens of rounds of t

US industrial production rose at its fastest pace in four months in November, implying a self-sustaining recovery is now entrenched, but a mild gain in consumer prices indicated still abundant slack in the economy. Industrial output rebounded 0.4 percent,

Russia on Wednesday started trading the Chinese yuan against the ruble as Moscow and Beijing seek to challenge the dollar and promote the use of national currencies. China and Russia, which both seek to promote their national currencies world-wide, have r

The number of unemployed in Britain has hit 2.5 million after rising for the first time in six months, official data showed Wednesday, as economists predicted further gloom amid deep spending cuts. The jobless total rose by 35,000 in the three months to O

Volkswagen Wednesday announced a recall of 377,000 cars in the United States and Canada because of potential fuel leaks. According to the company, a design flaw means a plastic tab might chafe against a fuel supply line, potentially causing the leaks. A c

Japanese manufacturers' business sentiment worsened for the first time in nearly two years this quarter but the gloom was not as severe as expected, giving the Bank of Japan breathing room before pondering its next move. But big manufacturers expect condi

Chinese Premier Wen Jiabao began a visit to India on Wednesday, pledging to improve market access for Indian companies and insisting the world was big enough for both Asian giants to prosper as partners. Wen said he was looking forward to an early launch

Asia-Pacific economies face little risk of being dragged down by Europe's debt crisis but authorities in the region must remain vigilant to potential risks, a senior UN economist said Wednesday. "The likelihood of contagion is very, very limited," said Na

Wages rose about 8 per cent in Asia last year, despite the global financial crisis that cut wage growth in most regions, an International Labour Organisation report (ILO) revealed Wednesday. "In 2009 the provisional estimate for wage growth is 8 per cent

Ratings agency Moody's warned Spain on Wednesday its credit rating could be downgraded, highlighting concerns about eurozone debt contagion on the eve of a European Union summit. Moody's said it was concerned about Spain's high debt funding needs, its hea

Indonesia's stock market fell to a two-week low on Wednesday, led by banks, and most other Southeast Asian markets were lower after Federal Reserve comments that highlighted the weakness of the US recovery. Indonesia, the region's best performer with a 44

Seoul shares ended slightly higher at a three-year closing high on Wednesday, led by shipyards and crude refiners and supported by improving US economic growth forecasts. The Korea Composite Stock Price Index (KOSPI) closed up 0.42 percent at 2,017.48 poi

Indian shares snapped a three-session winning streak and shed 0.8 percent on Wednesday as a rise in fuel prices sparked concerns over inflation, while shares in state-run oil marketing companies rallied. Weak world equities also weighed on sentiment.

US stocks rose modestly on Wednesday after encouraging economic data and as investors continued to favour shares that have seen strong gains. Industrial production rose in November, while consumer prices ticked up, suggesting the Federal Reserve will comp

US stocks cut gains to end mostly flat after a late-day sell-off on Tuesday as yet another cautious statement from the Federal Reserve on the economy offset strong retail sales data for November. With trading volume still anaemic, the afternoon's drop cou

Taiwan stocks rose 0.19 percent on Wednesday, as a surge in the local currency pushed up property developers for a second day but pushed down electronics exporters on concerns of forex losses. Kingdom Construction, a major real estate firm in northern Tai

US Treasuries extended their recent losses on Tuesday after the Federal Reserve showed no signs of curtailing its stimulus measures, raising the prospect of accelerating economic growth as well as inflation. Some analysts, however, looked to Federal Reser

US Treasuries extended their recent losses on Tuesday after the Federal Reserve showed no signs of curtailing its stimulus measures, raising the prospect of accelerating economic growth as well as inflation. Some analysts, however, looked to Federal Reser

Egypt's Orascom Telecom (OT) suffered its largest decline for two weeks on Wednesday after Algeria hit the operator's local unit Djezzy with a $230 million final tax demand for 2008 and 2009. Most Middle East markets fell in muted trade, with little news

China and Hong Kong shares fell on Wednesday with losses from profit-taking accelerating after Moody's warned it may downgrade Spain's debt. Hong Kong's Hang Seng slid 2 percent, wiping out all of its weekly gains, although the decline came on still tepid

Japan's Nikkei average held on to gains on Wednesday after hitting a seven-month closing high the day before, with a subdued economic statement by the Federal Reserve despite strong US retail sales for November prompting investors to snap up profits.

Australian shares closed barely changed on Wednesday, with losses in the top miners offset by utilities, Westpac Banking Corp and top grocer Woolworths. The top miners gave up gains from the previous session, following a month in which they have outperfor

European shares fell on Wednesday, snapping their longest winning run in six months after Moody's said it could downgrade Spain's debt rating, leaving bank stocks among the day's biggest losers. However, the market pared early falls as better than expecte

Britain's leading share index slipped back on Wednesday, snapping a four-session winning streak, with banks the worst performers as investors' risk appetite waned on fresh eurozone debt concerns. The FTSE 100 ended down 9.03 points, or 0.2 percent at 5,88

Financing conditions for European borrowers tightened on Wednesday to levels last seen in May as a Moody's warning to cut Spain's credit ratings reminded investors the eurozone sovereign debt crisis is far from over. Moody's put Spain's Aa1 rating on revi

Sterling fell to a 12-day low against the dollar on Wednesday after UK jobs data was weaker than forecast, pointing to a patchy economic recovery and prompting some traders to trim long positions. The pound also reversed earlier gains on the euro, with th

The dollar rose against other major currencies on Wednesday after upbeat US economic data helped to send US Treasury yields higher, while the euro fell after credit rating agency Moody's said it may downgrade Spain's debt. Moody's put Spain's AA1 ratings

The euro fell against the dollar and hit a record low versus the Swiss franc on Wednesday after Moody's said it may downgrade Spain's debt rating, refocusing attention on contagion risks from the eurozone crisis. The Swiss currency gained as worries about

The euro fell on Wednesday after Moody's said it may downgrade Spain's debt rating, but losses may be contained as investors await more developments about how policymakers will resolve the region's fiscal crisis. Analysts said the Moody's news, while clea

The US dollar rose against the euro and yen on Tuesday after the US Federal Reserve said the economic recovery was still too slow to bring down unemployment and reaffirmed its commitment to buy $600 billion in bonds to stimulate growth and create jobs.

Interbank buy/sell rates for the taka against the dollar on Wednesday. 70.65/70.69 (previous 70.61/70.67). Call Money Rates: 8.00-175.00 percent (previous 35.00-62.00 percent).

The Australian dollar lost some of its shine against its US counterpart on Wednesday, having traded as high as $1.0030 overnight, as a surge in US Treasury yields helped underpin the greenback. The Aussie last traded at $0.9935 versus $0.9977 late in New

The Swiss franc pressed closer to all-time highs against the euro in early trading on Wednesday as the single currency came under renewed pressure over continuing eurozone sovereign debt concerns. The franc lost ground against the dollar as the greenback

The Indian rupee weakened to a two-week low on Wednesday, weighed by losses in local shares, the euro's weakness against the dollar and subdued dollar inflows. The partially convertible rupee ended at 45.3950/4050 per dollar, off 45.4650, its lowest since

Most Asian currencies declined on Wednesday following the dollar's rebound but the Taiwan dollar bucked the trend by hitting a fresh 13-year high. Concerns of rising US Treasury yields drawing money away from Asia were compounded by thin end-of-the year m

China's yuan closed down slightly on Wednesday as the People's Bank of China set its mid-point a touch lower to mirror a rally in the US dollar index on Tuesday. But the PBOC's fixing changed so little that traders said it clearly indicated the central ba

The drive to eradicate corruption within a week announced by the Interior Minister Rehman Malik on November 1, time long since expired, lacked commitment and determination, well placed sources in Federal Investigation Agency (FIA) revealed to this scribe

The Utility Stores Corporation of Pakistan (USC) has reduced the price of sugar from Rs 65 per kg to Rs 60 per kg with immediate effect across the country. Addressing a press conference here on Wednesday, Utility Stores Corporation Managing Director Muham

The Ministry of Water and Power has reportedly appointed Water and Power Development Authority (Wapda) Chairman Shakeel Durrani's son as a consultant at hefty package on the World Bank sponsored project, sources in Economic Affairs Division (EAD) told