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
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.256 billion and the number of lots traded was 11,313. PMEX Commodity Index closed at 2,591. Major business was contributed by crude oil amounting to PKR 731 million followed by gol
US FOB Gulf wheat basis offers were steady late Wednesday after futures fell on profit taking and ahead of the overnight tender from Egypt's state wheat buyer GASC, traders said. GASC is seeking offers for February 8-18 shipment but as in recent tenders t
Chicago Board of Trade wheat futures fell on Tuesday on plentiful global supplies and ideas that US wheat is over-priced relative to other origins, especially given strength in the dollar, traders said. Benchmark CBOT March wheat fell more than 2 percent
The Karachi Port handled 127,164 tonnes of cargo comprising 104,908 tonnes of import cargo and 22,256 tonnes of export cargo including 6,591 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Deliveries were up on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The January contract closed at Rs 1568.00 on Wednesday, they said. It commenced with a gain of 30 paisa at Rs 1568.30, they said. The March va
Spot rate depicted sharp gains on the cotton market on Thursday amid selective buying by mills, dealers said. The official spot rate was higher by Rs 100 to Rs 4,900, dealers said. In the ready session, around 10,000 bales of cotton changed hands between
Cotton market remained steady and stable on Thursday, even though paucity of funds was being reported from the market. Routine business was conducted but mills remained relatively choosy for the better quality of lint while the exporters bought some quant
Cotton market remained steady and stable on Thursday, even though paucity of funds was being reported from the market. Routine business was conducted but mills remained relatively choosy for the better quality of lint while the exporters bought some quant
Spot corn bids were steady to slightly higher around the US Midwest on Wednesday as weak Chicago Board of Trade corn futures dragged on cash prices, dealers said. CBOT corn futures fell more than 2 percent pressured by increasing ethanol stocks, traders s
Grams prices were higher on the local grain market on Thursday in the process improved activity, dealers said. On the grams side, grams 50x50 gained Rs 375 to Rs 6725, grams dall 50x50 rose by Rs 375 to Rs 6725 due to tight supply position, they said.
Japan is asking Britain to buy its P-1 submarine-hunting jet in a deal that could top $1 billion, a major step in Prime Minister Shinzo Abe's push to arms exports after decades of self-imposed restrictions, people with knowledge of the proposal said.
South African business confidence has fallen to its lowest level in six months on the back of electricity shortages and a weaker currency, a leading survey showed on Thursday. The South African Chamber of Commerce and Industry's Business Confidence Index
Morocco's economic growth slowed to an annual rate of 2.7 percent in the fourth quarter of 2014, but could reach 4.1 percent in the first quarter of 2015 as agricultural output picks up, the planning agency said on Thursday. Bad weather slashed Morocco's
British retailer Marks and Spencer posted Thursday sliding sales in the run-up to Christmas, as clothing was hit by unseasonably warm autumn weather in the third quarter. Total sales sank 1.6 percent in the 13 weeks to December 27, compared with the same
British retailer Marks and Spencer posted Thursday sliding sales in the run-up to Christmas, as clothing was hit by unseasonably warm autumn weather in the third quarter. Total sales sank 1.6 percent in the 13 weeks to December 27, compared with the same
Millions of coal miners in India have called off a five-day strike on the second day after an hours-long meeting with the government, averting power cuts in the energy-hungry country. Five unions ended the strike late Wednesday after talks with the coal m
Delays in aid disbursements over graft allegations in the energy sector and revenue shortfalls risk undermining Tanzania's sturdy economic growth, the IMF said on Thursday. The International Monetary Fund said Tanzanian growth was expected to be 7 percent
Brazil's state-owned oil giant Petrobras, already accused of graft, is being probed for allegedly over-charging on a gas pipeline contract and using a front company to do so, Globo newspaper reported Wednesday. Petrobras responded by denying it set up a f
Irish consumer sentiment recovered strongly in December to stand just short of an eight-year high, a survey showed on Thursday. But the survey's authors warned any recovery in spending in Ireland may be muted as consumers complain improvements in the over
Chinese President Xi Jinping pledged to increase co-operation with Latin America and the Caribbean Thursday as he opened a forum in Beijing with leaders from 30 countries in the region. The China-CELAC (Community of Latin American and Caribbean States) ga
Authorities raided the Buenos Aires offices of British bank HSBC on Wednesday investigating alleged tax evasion involving more than 4,000 influential locals' Swiss accounts, a court source said. About 100 agents took part in the raid, the source said, add
Retail sales in the eurozone rose slightly in November, EU data showed on Thursday, offering a rare glimmer of good news in a currency bloc that has freshly slipped into deflation. The EU's Eurostat statistics agency said retail sales rose by 0.6 percent
British supermarket giant Tesco launched cost-cutting plans Thursday to shut stores, sell assets and axe its dividend, in a bid to revive its fortunes and recover from an accounting scandal. The nation's biggest retailer announced the news in a gloomy sta
Kuwait has awarded a $4.2 billion (3.5 billion euro) to develop heavy oil fields in the north of the country, the central tenders committee announced Thursday. The project, called Lower Fars Heavy oil Development phase 1, was awarded to UAE-based Petrofac
The Bank of England on Thursday voted to keep its main interest rate at 0.50 percent against a backdrop of sliding British inflation. The BoE, holding its first policy meeting of the year, decided also to keep the level of its quantitative easing (QE) cas
The EU plans to give Ukraine a further 1.8 billion euros to help prop up an economy hit hard by a protracted conflict with Russian-backed rebels, European Commission head Jean-Claude Juncker said Thursday. The 1.8 billion euros ($2.1 billion) in medium-te
The EU plans to give Ukraine a further 1.8 billion euros to help prop up an economy hit hard by a protracted conflict with Russian-backed rebels, European Commission head Jean-Claude Juncker said Thursday. The 1.8 billion euros ($2.1 billion) in medium-te
Royal Bank of Scotland currency trader Paul Nash has become the first individual arrested in connection with a global inquiry into alleged manipulation in the foreign exchange market, sources familiar with the matter said on Thursday. Nash, who was suspen
Turkey's Islamic-rooted government on Thursday unveiled a new reform package aimed at realising President Recep Tayyip Erdogan's ambition for married couples to have more children to counter a slowdown in population growth. The new welfare programme, anno
Samsung Electronics, the world's largest smartphone maker, flagged a lighter than expected profit decline in the fourth quarter Thursday, with memory chip sales cushioning a continued slump in mobile revenue. Operating profit for the October-December peri
Samsung Electronics, the world's largest smartphone maker, flagged a lighter than expected profit decline in the fourth quarter Thursday, with memory chip sales cushioning a continued slump in mobile revenue. Operating profit for the October-December peri
German industrial orders, a key measure of demand for German-made goods both at home and abroad, fell unexpectedly in November, data showed on Thursday, but analysts insisted the uptrend remains intact. Industrial orders dropped by 2.4 percent in November
The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined for a second straight month in December, adding to signs of a strengthening labour market. Initial claims for state unemployment benefits slipped by 4
Australian approvals to build new homes surged to a record high in November as high rise living becomes ever more fashionable and affordable, a trend that promises to underpin economic growth for some time to come. Thursday's figures from the Australian B
Brazil announced budget cuts expected to total $8.4 billion a year as it reins in government spending at the start of another year with the economy in the doldrums. President Dilma Rousseff, narrowly reelected in October, signed a decree limiting discreti
Standard Chartered said Thursday it would close a swathe of its global equities business and axe 2,000 jobs around the world this year as it tries to make savings of $400 million as part of a structural overhaul. The Asia-focused British bank said it had
Gulf stock markets extended gains on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements. Supported by a fall in US crude oil inventories, Brent futures traded above $51 per barrel on Thursday aft
South African stocks extended gains into a third-straight session on Thursday, led by drug company Aspen Pharmacare and private hospital operator Mediclinic as optimistic investors continued to push into last year's strong performers. Sentiment was also b
US stocks surged for a second day on Thursday, after equities snapped a five-session streak of losses in the prior session, on expectations for continued acceleration in the US economy and more aggressive action by the European Central Bank. The advance w
US stocks climbed on Thursday, a day after equities snapped a five-day losing skid, on expectations for continued acceleration in the US economy and more aggressive action by the European Central Bank. The advance was broad, with 9 of the 10 major S&P sec
Taiwan stocks rose on Thursday following rebounds in overseas markets. As of 0128 GMT, the main TAIEX index was up 124.49 points at 9,209.58, after closing up 0.35 percent on Wednesday. Gains were broad-based as investors hunted for bargains after Tuesday
US Treasury debt prices recovered from sharp losses on Wednesday to end nearly flat, as investors remain concerned about possibly faltering global growth. Treasury prices, which have been rising since late December, had been down sharply until the release
US Treasury debt prices recovered from sharp losses on Wednesday to end nearly flat, as investors remain concerned about possibly faltering global growth. Treasury prices, which have been rising since late December, had been down sharply until the release
Indian shares rose more than 1 percent on Thursday, rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank. The gains snapped a three-day losing streak and ma
Tokyo stocks ended up 1.67 percent on Thursday, buoyed by a weaker yen and following a rally on Wall Street driven by strong US economic data. The Nikkei 225 index at the Tokyo Stock Exchange closed 281.77 points higher at 17,167.10, while the Topix index
Hong Kong shares roses for a second day on Thursday, helped by a rebound on US markets and expectations of further monetary easing in Europe. Tumbles on mainland markets had some impact on Hong Kong-listings of China stocks, but the Hang Seng China Enterp
China share-market indexes had their biggest falls in more than two weeks on Thursday as investors took profits, especially on financial sector stocks. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.3 percent, to 3,559.26
European shares rose on Thursday as a strong Christmas update from Britain's Tesco boosted retailers and Federal Reserve minutes showed the US central bank was not in a hurry to start raising interest rates. The FTSEurofirst 300 index of top European shar
Australian shares gained 0.5 percent on Thursday after encouraging data in the United States and at home helped the market break two days of losses. Shares in financial and mining companies pulled the market higher, in the contrast to the energy sector wh
Thai shares hit a more than two-week high on Thursday as PTT rallied on positive earnings prospects after the government raised the wholesale price of liquefied petroleum gas (LPG), while other Southeast Asian markets rose in line with broader Asia. Asian
UK stocks rallied on Thursday, driven by a jump in retailer Tesco's shares on the back of restructuring plans, even as rival Marks & Spencer fell after it warned of delivery woes. The UK economy was also in focus as the Bank of England left interest rates
The Australian and New Zealand dollars extended gains on the euro on Thursday, as the threat of deflation reinforced expectations of bolder stimulus steps by the European Central Bank (ECB). The euro fell to a one-month low of A$1.4596 and was testing sup
The euro wobbled near a nine-year low on Thursday as investors wagered the European Central Bank would have to take bolder stimulus steps to combat growing deflationary pressures in the zone. The euro fell as far as $1.1802 the previous day, putting the 2
The euro extended losses into a fifth day on Thursday, reaching a nine-year low, as investors ramped up bets the European Central Bank was getting closer to adopting quantitative easing to ward off deflation. A slump in German industrial orders in Novembe
Negative economic reports from Europe and positive US data pushed the euro to a fresh nine-year low on Thursday for a fifth day of losses as diverging monetary policies continued to bolster the greenback. The European Central Bank meets on January 22 when
Investors on Wednesday sent the euro to a nine-year low after data showed euro zone prices fell for the first time since 2009, increasing pressure on the European Central Bank to loosen monetary policy. Expectations the ECB will take bold action and flood
Interbank buy/sell rates for the taka against the dollar on Thursday. 77.94-77.95 (previous 77.95-77.95). Call Money Rates: 07.00-09.50 percent (* Previous 05.60-09.50 percent). (* revised).
China's yuan weakened on Thursday after the central bank set the daily midpoint against the US dollar at its weakest level in more than a month. The People's Bank of China set the midpoint rate at 6.1302 per dollar prior to market open, weaker than the pr
The Malaysian ringgit pulled off 5-1/2-year lows against the dollar while other Asian currencies steadied on Thursday, as a pause in sliding global oil prices and better US jobs data put a floor under emerging markets and other riskier assets. The ringgit
The Egyptian pound held steady at a central bank dollar sale on Thursday but remained weaker on the black market. The bank offered $40 million at the sale and said it had sold $37.5 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchang
Sterling fell for the fifth straight day on Thursday, hitting its weakest in 1-1/2 years, as it suffered from a mix of broad dollar strength, weaker UK growth prospects and political uncertainty. As expected, the Bank of England kept its benchmark interes
The rouble and Moscow stocks rose strongly on Thursday after gains in the price of oil, whose sharp decline of recent months has pummelled Russian assets. At 1300 GMT the rouble was 2.7 percent stronger against the dollar at 61.49, and up 2.8 percent at 7
Australia will launch their attempt to reach new heights in football by toppling champions Japan and winning their first Asian Cup when they kick off the tournament on Friday. A sell-out crowd is expected at the 30,000-capacity Melbourne Rectangular Stadi
Fernando Torres tasted victory against Real Madrid as an Atletico Madrid player for the first time as the La Liga champions downed their city rivals 2-0 in the first leg of their Copa del Rey last 16 tie on Wednesday. Despite a disappointing performance f
All-rounder Grant Elliott has been recalled to the New Zealand one-day side after 14 months in the wilderness to be the surprise in their World Cup squad named Thursday. His inclusion comes at the expense of Jimmy Neesham who performed creditably in the T
Swiss tennis star Roger Federer won his 997th match on the ATP Tour on Thursday, but not before surviving an almighty scare from Australian wildcard John Millman at the Brisbane International. Playing his first match of the year after receiving a first ro
Skipper Virat Kohli and Lokesh Rahul carved out centuries to share the stage with "spidercam" as India clawed back on the third day of the final Test against Australia on Thursday. Kohli joined Australian counterpart Steve Smith with four tons in the seri
The United States pairing of Serena Williams and John Isner snuck into the Hopman Cup final with a 3-0 win over the Czech Republic at the Perth Arena on Thursday. The pre-tournament favourites had to complete a clean sweep of the Czech combination of Luci
Spanish second seed Feliciano Lopez crashed out of the $450,000 ATP Chennai Open on Thursday in a stunning second-round loss to qualifier Aljaz Bedene of Slovenia. The world number 14 looked rusty in his first match of the season as he tamely went down 6-
World number one Novak Djokovic was buried by 21 aces as big-serving Croatian Ivo Karlovic clinched a 6-7 (2/7), 7-6 (8/6), 6-4 victory to reach the Qatar Open semi-finals on Thursday. Top seed Djokovic joined second seeded Rafael Nadal on the sidelines i
The owner of the Phoenix Suns basketball side, Robert Sarver, has increased his take-over bid for Rangers Football Club to £20million ($30million, 25million euros) and offered the troubled club a £6.5m ($9.8million, 8.3million euros) emergency loan to hel
Top seed and world number three Simona Halep, along with second seed Petra Kvitova, ranked four, both breezed past lowly opponents in straight sets Thursday to reach the semi-finals of the WTA Shenzhen Open. Romanian Halep, last year's French Open runner-
Top seeds Maria Sharapova and Ana Ivanovic booked their places in the semi-finals of the Brisbane International in vastly contrasting fashion on Thursday. While world number two Sharapova cruised past Spaniard Carla Suarez Navarro 6-1, 6-3, Ivanovic was f
Credit Suisse's offices in Milan were searched by Italian tax police last month as part of an investigation into whether the bank helped wealthy Italians hide undeclared funds offshore, an Italian judicial source said. The searches follow a series of inve
Sergeant-at-Arms Kevin Vickers, who was hailed for stopping an assailant who stormed Canada's parliament in October, will be named ambassador to Ireland, the government announced Thursday. Vickers will fill a post vacated in August by a former Conservativ
A Japanese firm said Thursday it was recalling tens of thousands of pouches of baby food after an insect was discovered in one package, the latest food scare to rock consumers. Asahi Holdings said its subsidiary would be calling back an estimated 120,000
An Arctic blast sweeping Canada and parts of the United States this week closed schools, grounded jets, killed at least four people, and even shook the ground. "What the hell was that?" screamed a startled woman at a loud crack produced by a "frost quake"
Prime Minister Narendra Modi on Thursday appealed to millions of people of Indian origin across the world to turn to their homeland after he eased visa rules to lure overseas talent, in a bid to make the country a top power. India has the world's second l
Swiss bank BCGE said Thursday hackers had stolen the personal data of thousands of clients as a newspaper reported it was being blackmailed. The Banque Cantonale de Geneve said the theft had affected several thousand of its estimated 240,000 clients but t
Police evacuated a busy metro and commuter railway station in Madrid on Thursday during the evening rush hour after a suspicious package was found that was later determined not to be dangerous, a police spokeswoman said. The Nuevos Ministerios station, wh
Oman reported Thursday its first death of a person from Middle East Respiratory Syndrome coronavirus (MERS-CoV) in nearly a year. No further details were given in the health ministry statement carried by the official ONA news agency. It is the third MERS
The Islamic State (IS) group beheaded Thursday a Syrian imam, or mosque prayer leader, for "insulting God," a monitoring group said. "The IS executed the imam of a mosque from the village of Abu Khuyut near Hasakeh city (in north-eastern Syria) at dawn Th
The Libyan branch of the Islamic State jihadist group claimed Thursday to have killed two Tunisian journalists who went missing in September. In a statement released on jihadist websites showing images of Sofiene Chourabi and Nadhir Ktari, the group said
France's interior minister said he would host an international meeting Sunday for his counterparts from the United States and Europe to discuss the battle against terrorism in the wake of the Paris magazine massacre. "I have taken the initiative of inviti
Office workers stood shoulder to shoulder, buses and metro trains halted, and the toll of bells and the sound of weeping broke the silence Thursday as France honoured the 12 people massacred at Charlie Hebdo magazine. "Charlie will be free!" cried a woman
Elite Indonesian military divers battled powerful currents on Thursday to reach the submerged tail of crashed AirAsia Flight 8501, in hopes of finding its crucial black box data recorders. The plane crashed on December 28 during stormy weather as it flew
A catamaran carrying 98 tourists and 10 crew members sank off Costa Rica on Thursday, leaving at least four people dead while rescuers saved dozens from the sea. Rescuers have plucked 94 people from the Pacific waters so far, fire brigade director Hector
The European Union sees some "positive signs" from Russia over the crisis in Ukraine ahead of a mooted summit of key leaders in Kazakhstan, the bloc's foreign policy chief Federica Mogherini said Thursday. Mogherini insisted however that Moscow would have
In consultation with the Securities and Exchange Commission of Pakistan (SECP), the government is contemplating a law to regulate INGOs/NGOs and individuals desirous of receiving and utilising foreign contribution. The proposed law came under discussion i
Mr Moinuddin is the head of Pakistan Remittance Initiative (PRI), which is a remittance-enhancing joint initiative of SBP, Ministry of Finance and Ministry of Overseas Pakistanis. He is also serving as divisional head in Exchange Policy Department at SBP.
Mr Moinuddin is the head of Pakistan Remittance Initiative (PRI), which is a remittance-enhancing joint initiative of SBP, Ministry of Finance and Ministry of Overseas Pakistanis. He is also serving as divisional head in Exchange Policy Department at SBP.
Sindh University has extended the date for payment of fees for admissions to bachelors and masters' program by January 9 (today), for the current academic session of 2015.
The greed of Karachi University's administration officials to mint money at any cost, who have reportedly allowed private rickshaw mafia to operate inside the largest and oldest seat of learning of the province, might lead to any tragedy similar to Peshaw
The US supports efforts of Pakistan to counter terrorism and bring perpetrators to justice. Spokesperson of the US State Department, Jen Psaki said, "We support efforts to counter terrorism and bring perpetrators to justice, but we believe it's important
