Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Wednesday ended his anti-government sit-in after 126 days in the wake of a brutal terrorist attack on schoolchildren in Peshawar's Army Public School. He, however, warned that the party would continue
Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Wednesday ended his anti-government sit-in after 126 days in the wake of a brutal terrorist attack on schoolchildren in Peshawar's Army Public School. He, however, warned that the party would continue
Prime Minister Muhammad Nawaz Sharif Wednesday, lifting moratorium on executions, allowed capital punishment for those sentenced to death in cases of terrorism. "The Prime Minister has approved abolishment of a moratorium on the execution of death penalty
Prime Minister Muhammad Nawaz Sharif Wednesday, lifting moratorium on executions, allowed capital punishment for those sentenced to death in cases of terrorism. "The Prime Minister has approved abolishment of a moratorium on the execution of death penalty
Army chief General Raheel Sharif and Afghanistan president Ashraf Ghani vowed Wednesday to fight "terrorism and extremism" together, a day after Taliban militants killed 148 people at a Pakistani school. President Ghani held talks with Sharif in Kabul as
Army chief General Raheel Sharif and Afghanistan president Ashraf Ghani vowed Wednesday to fight "terrorism and extremism" together, a day after Taliban militants killed 148 people at a Pakistani school. President Ghani held talks with Sharif in Kabul as
Chief of Army Staff General Raheel Sharif on Wednesday sought the extradition of chief of Tehreek-e-Taliban Pakistan (TTP) Mullah Fazlullah from Afghanistan during his meeting with Afghan President Ashraf Ghani. Gen Raheel flew to Kabul on Wednesday morni
Chief of Army Staff General Raheel Sharif on Wednesday sought the extradition of chief of Tehreek-e-Taliban Pakistan (TTP) Mullah Fazlullah from Afghanistan during his meeting with Afghan President Ashraf Ghani. Gen Raheel flew to Kabul on Wednesday morni
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (December 17, 2014).
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 17, 2014).
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 Commi
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
Indian sugar mills produced 4.2 million tonnes of the sweetener between October 1 and December 15, about 47 percent higher year-on-year as more mills are operational this year, a producers' body said on Wednesday. This year 442 mills in the country starte
US natural gas futures lost 2.7 percent on Tuesday on weak crude oil prices and warmer weather forecasts for the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 10 cents at $3.619 per million British thermal units.
On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.201 billion as compared to PKR 2.53 billion reported on Monday, an increase of 26 percent. The number of lots traded also increased by 49 percent to 21,798 from 14,637. PMEX Commodit
US FOB Gulf soyabean basis offers fell on Tuesday along with futures as easing export interest from China after this season's record pace and a softer barge market weighed on sentiment, traders said. Corn and wheat FOB basis values were mostly unchanged,
Wheat futures on the Chicago Board of Trade set a six-month high Tuesday on fears that Russia's currency crisis would force it to restrict grain exports, but profit-taking late in the session pared gains, traders said. CBOT March wheat reached $6.39 a bus
Sales of Vietnamese coffee slowed this week even though the harvest has been peaking, with Vietnamese exporters expecting prices to drop further following recent declines in global markets, traders said on Tuesday. With 60-70 percent of the 2014/2015 crop
The Karachi Port handled 94,245 tonnes of cargo comprising 69,157 tonnes of import cargo and 25,088 tonnes of export cargo including 4,851 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 69
Official spot rate moved higher on the cotton market on Wednesday amid slow trading as major trading centres were closed to mourn Tuesday's Peshawar tragedy, dealers said. The official spot rate picked up by Rs 50 to Rs 4,700, they added. In the ready ses
The top price of Kenya's benchmark grade AA coffee rose to $355 per 50-kg bag at this week's auction from $334 last week, the Nairobi Coffee Exchange (NCE) said on Tuesday. The east African nation produces speciality beans used by roasters to blend with b
India's natural rubber imports in November jumped 19 percent to 33,156 tonnes from a year earlier, the state-run Rubber Board said, as a drop in local output and lower prices in the world market prompted tyre makers to increase overseas purchases. The cou
European wheat climbed to a more than 6-month high on Tuesday as concerns mounted that Russia may restrict grain exports to avoid a surge in internal prices linked to the slump in the rouble. By 1725 GMT January on Euronext's Paris-based milling wheat fut
Most of the trading centres remained closed on Wednesday to mourn the incident of the Army Public School in Peshawar. All private educational institutions were almost closed and attendance in government schools remained very thin. In the whole country, Gh
Thailand's central bank left its benchmark interest rate unchanged at 2 percent on Wednesday, as expected, saying the level is low enough to support the country's "weaker-than-expected" economic recovery. The Bank of Thailand (BOT) said it has set reduced
BT's move to buy mobile operator EE is expected to put the former state-owned telecoms giant back in pole position as fixed line and mobile services converge, forcing rivals such as Vodafone to make costly moves of their own to keep up. BT on Monday enter
The International Monetary Fund said Monday that Argentina, censured for failing to meet its statistical quality standards, was making progress in improving the data but more was needed. Argentine authorities have taken a second set of specific steps the
The International Monetary Fund said Monday that Argentina, censured for failing to meet its statistical quality standards, was making progress in improving the data but more was needed. Argentine authorities have taken a second set of specific steps the
Brazil's Congress on Wednesday approved federal budget guidelines that set a much lower savings goal for next year, in line with President Dilma Rousseff's efforts to regain fiscal credibility with more attainable targets. The new 2015 guidelines, known a
Nigeria's economy will grow 5.5 percent in 2015, down from an earlier projection of 6.4 percent, due to lower oil revenues, according to the budget the finance minister presented to parliament on Wednesday. The naira lost 3.6 percent on the day, closing a
Rwanda's economy grew by 7.8 percent in the third quarter of 2014 compared to the same period a year earlier, its statistics office said on Wednesday. The figure was published by the National Institute of Statistics of Rwanda on its website.
Italian employers lobby Confindustria said on Wednesday the country's economy would shrink slightly more in 2014 than it previously forecast and would return slowly to growth next year. Gross domestic product will fall this year by 0.5 percent after decli
French industrial giant Alstom has agreed to pay $700 million to settle US corruption charges related to bribes in Indonesia and other countries, a person familiar with the matter said Tuesday. The settlement, to be announced next week, comes as US conglo
A finance ministry's key fiscal panel has called for drastic steps to cut government spending and secure revenue to meet Tokyo's aim of halving the primary budget deficit next year, a draft proposal showed, describing the goal as "quite difficult". The dr
Cyprus's largest lender returned to the Nicosia and Athens stock markets Tuesday after a 21-month absence following a banking crisis that brought the island's economy to its knees. But Bank of Cyprus shares ensured a bumpy ride for the return of the count
Communist-run Cuba will renegotiate wages for some 40,000 nationals working in joint ventures with foreign companies, driving up labour costs as Cuba actively seeks foreign investment crucial to its economic growth plans. The new regulations, published in
Mozambique Wednesday published a law setting the framework for energy firms Anadarko and ENI's multi-billion dollar gas projects, as the country gears up to become a leading exporter of liquefied gas. The law sets legal, labour and fiscal terms for the Te
Russia stepped up its defence of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin's 15 years in power. The intervention came as Washington prepared to pile further sanctions
Italy would be 300 billion euros better off if it had acted decisively against corruption at the time of a major scandal two decades ago, according to an eye-opening new report from the country's business bosses. Employers organisation Confindustria said
The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday.
The Asian Development Bank slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms. In its update to the 2014 outlook, ADB said o
The Asian Development Bank slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms. In its update to the 2014 outlook, ADB said o
China signed a huge deal Wednesday to finance a high-speed bullet train between Budapest and Belgrade, a key link in Beijing's expanding network for getting its goods to European markets. "This will put in place a corridor between China and Europe," Chine
Japan's trade deficit in November shrank by nearly a third from a year ago, helped by higher exports and falling oil bills, although the volume of shipments to foreign markets remained weak, official data showed Wednesday. The figures come after Japanese
Germany's highest court Wednesday ruled against inheritance tax breaks for many family-run businesses, raising fears in a sector known as the backbone of Europe's top economy. The Constitutional Court said certain exemptions for companies that pass from o
EU member states have introduced fish catch limits for next year for the Atlantic and North Sea that environmentalists say fail to protect some overfished stocks like cod and sole. Ministers meeting late into Tuesday nonetheless did introduce cuts, even i
US consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but that did not change views the Federal Reserve would start raising interest rates in mid-2015. The Labour Department said on Wednesday its Consum
