Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (March 24, 2015).

Interior Minister Chaudhry Nisar Ali Khan on Tuesday said he had only discussed registration of an FIR against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain with the UK high commissioner and that he did not hand over any dossier about Altaf Hussain t

Interest rates on old and incremental FCY deposits on Tuesday (March 24, 2015).

Interior Minister Chaudhry Nisar Ali Khan on Tuesday said he had only discussed registration of an FIR against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain with the UK high commissioner and that he did not hand over any dossier about Altaf Hussain t

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (March 24, 2015).

Prime Min-ister Nawaz Sharif yesterday took parliamentary leaders of political parties into confidence on an agreement that his government has reached with Pakistan Tahreek-e-Insaaf (PTI) on the formation of a judicial commission to investigate the vote r

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (March 24, 2015).

Prime Min-ister Nawaz Sharif yesterday took parliamentary leaders of political parties into confidence on an agreement that his government has reached with Pakistan Tahreek-e-Insaaf (PTI) on the formation of a judicial commission to investigate the vote r

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (March 24, 2015).

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (March 24, 2015).

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

All timings are in PST (Pakistan Standard Time).

The Ashkot Hydropower Project was identified as a raw site on the Neelum River near the village of Ashkot, some 75 Km from Muzaffarabad capital of AJ&K. The Project is owned by a SPV Ashkot Energy (Pvt) Limited and being developed by the Laraib Group, the

The 500 MW Chakothi Hattian HPP is being developed in the private sector under the GOP 2002 Power Policy. The Project is situated at the upper reaches of the Jhelum River in AJ&K along a 20 KM stretch of the Valley from Chakothi to Haitian Bala fully acce

The 640 MW Azad Pattan Hydropower Project is located on the Jhelum River about 7 km upstream of Azad Pattan Bridge and some 90 km from Islamabad. Azad Pattan Power Private Limited is the owner and developer of the Project. The Project is being developed b

The Sehra Hydropower project is located on the Punch River, upstream of the confluence of the Mendla Nullah with the Punch River in the AJ&K approx. 65km from the Mangla Dam.

Suki Kinari Hydropower Project (SKHPP) is a Run-of-the-River project located in Kaghan Valley, District Mansehra at a Distance of 265 Km from the Islamabad. Several Feasibility studies on SKHPP were conducted by Montreal Engineering (1984), NESPAK (1992)

The China Three Gorges Corporation (CTG) is the owner of the Three Gorges Dam and power generating facilities built on the Yangtze River in China having power generation capacity of 22,500MW and this is the largest hydropower scheme in the world. Total in

Mira Power Limited, subsidiary of Korea South-East Power Co. Ltd: ("KOSEP"), is owner and developer of Gulpur HPP. KOSEP owns and operates about 10,000 MW generation capacity worldwide and has an asset base of USD 9 billion. The 102 MW Gulpur Hydropower P

147MW Patrind Hydropower Project is being developed by Star Hydro Power Limited (SHPL), a subsidiary of K-Water and Daewoo Engineering & Construction Company. The Project is under construction and shall start generating electricity in the first quarter of

The 84 MW New Bong Hydropower Project owned by Laraib Energy Ltd. is a subsidiary of the Hub Power Company. The Project achieved COD on 23 March 2013 and is the 1st independent hydel power producer of Pakistan and AJ&K paving the way for a fast expanding

The Azad State of Jammu & Kashmir is blessed with over 6000MW of hydropower resources. The first major project developed in the sixties was the 1000MW Mangla dam and reservoir which is generating between 4-5 billion units (kWh) per annum and has a reservo

Allah has bestowed the nation and more specifically province of KP with huge water resources. If this abundantly available resource is utilized effectively for power generation, the whole nation would have access to the cheapest form of power and there wi

I feel immense pleasure to see the completion of two years of reliable supply of clean and cheap electricity to the national grid by 84 MW New Bong Escape Hydropower Project (NBE HPP) located at Mirpur. Azad Jammu & Kashmir by Laraib Energy Limited. New

I congratulate the development initiative taken by these projects. My Government is dedicated to support the development of the Country's Hydropower Resources to provides energy security and cheaper electricity to the people of Pakistan.

Industrial and Commercial Bank of China has assured investment in energy, infrastructure and textile sectors besides construction of a big industrial city in Punjab.

Pakistan Yarn Merchants Association (PYMA) has hailed the 50 basis point cut in markup rate announced by the State Bank of Pakistan and termed it as realistic and pragmatic. PYMA central chairman Qaisar Shamas Guccha, Zonal Chairman Muhammad Akram Pasha,

What to make of Singapore's first and former Prime Minister Lee Kuan Yew, who died Monday morning in the city-state? Under the banner of the People's Action Party, Lee held government power for three decades. After stepping away from the prime minister's

The history of "Servis" traces back to more than sixty years from now when three gentlemen pioneered it as a small scale business in Pakistan. At that time, it was involved only in the manufacturing of handbags and some other sports goods. From there, the

The history of "Servis" traces back to more than sixty years from now when three gentlemen pioneered it as a small scale business in Pakistan. At that time, it was involved only in the manufacturing of handbags and some other sports goods. From there, the

Talking to the members of business community at the Sialkot Chamber of Commerce and Industry, the Prime Minister reportedly said the Karachi operation would be taken to its logical conclusion.

Forces loyal to Yemen's president are scrambling to enlist thousands of troops to resist an expected attack on his southern stronghold by militiamen who have seized swathes of the country.

Bello Shehu is 12 years old. Under a scorching sun, he sells sachets of purified water to motorists caught in traffic jams in northern Nigeria's largest city, Kano. "My family is poor and I have to vend water to assist," said Shehu, who has four siblings,

By now all the emerging countries have well understood that it is the economy and economy alone, which guarantees people social and political freedom leading to better education, healthcare, prosperity, national sovereignty and a respectable position in t

The PTI's resort to ceaseless protests during the last several months to have the government agree to the formation of an inquiry commission to investigate alleged electoral rigging have finally borne fruit. Leaders from both the government and the PTI an

The rise of China as a major economic power was bound to change the global financial scene. Finding not enough clout in the Bretton Woods institutions proportionate to its present economic strength, China launched the establishment of a new international

Malaysian palm oil futures fell on Tuesday as a weak technical outlook, a stronger ringgit and worries about lacklustre demand from major buyers stopped the contract from adding to the previous session's gains. By the close, the benchmark June contract on

ICE cotton edged lower on Tuesday ahead of a US government report expected on Wednesday that traders said could suggest an increase in production, and on the impact of a modest recovery in the dollar. The front-month May cotton contract on ICE Futures US

The most-traded June copper contract on the Shanghai Futures Exchange also struck its highest since early January before easing to 43,910 yuan ($7,072) a tonne on Tuesday, still up 1.5 percent. Activity in China's factory sector dipped to an 11-month low

Copper retreated from a 2-1/2 months high on concerns about Chinese demand after weak factory data in the top metals consumer and following a rise in inventories. Three-month copper on the London Metal Exchange closed up 0.4 percent to $6,145 a tonne afte

Benchmark Tokyo rubber futures rose for a second session on Tuesday, hitting their highest in nearly three weeks on the back of a recent weakness in the dollar against the euro, though the gains were capped by a decline in China's factory sector activity

US soyabean, corn and wheat futures climbed 1 percent or more on Monday, extending gains from late last week as the dollar weakened and investors covered short positions. Dry weather in Russia and southern US Plains growing areas also underpinned wheat pr

Raw sugar and arabica futures fell in heavy volume on ICE on Tuesday, with sugar hitting a six-year low, hurt by renewed weakness in Brazil's currency, while cocoa turned higher on a flurry of late-day buy orders. Brazil's currency, the real, strengthened

Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while US crude was buoyed by strong domestic economic data. The fall in Brent came after the dollar reversed early losses to rise

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Gold firmed for the fourth straight session on Monday to its highest in more than two weeks, as the dollar extended losses and expectations rose that the Federal Reserve will hold off until at least September to raise interest rates.

Gold held firm near a two-week high on Tuesday, retaining gains from a four-day rally, as expectations grew that a hike in US interest rates could be pushed to September. Spot gold was little changed at $1,187.46 an ounce by 0706 GMT. The metal had climbe

Gold steadied below a 2-1/2 week high on Tuesday, heading for its fifth session of gains on growing expectations that a US interest rate increase could be pushed to September. Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce befo

US wheat tumbled as much as 2 percent on Tuesday as investors took profits after the previous session's five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the United States and Russia.

Gold rose to a 2-1/2 week high early on Tuesday, rising for the fifth straight session on growing expectations that a US interest rate increase could be pushed to September. Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce before

As Expo Milano 2015 prepares to open its doors to an expected 20 million visitors, Oman Air has been named as the event's preferred authorized reseller.

The Consul General of Japan in Karachi, Akira Ouchi made an official visit to Quetta, Balochistan during the last week. It was his second official visit to Quetta, since April 2014. During the visit Consul-General Ouchi met senior provincial government of

The Public Accounts Committee (PAC) Tuesday postponed its meeting on Kashmir and Gilgit-Baltistan affairs at the eleventh hour for unknown reasons. Sources said the reason may be absence of Auditor General of Pakistan (AGP) Akhtar Buland Rana. The PAC had

Shell Pakistan is expanding its non-fuel retail capabilities by leveraging its partnership with McDonald's. The two major brands announced that several McDonald's drive-thru outlets will be built at selected Shell fuel stations across the country.

Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in the country, now brings for the first time in Pakistan, mobility for landline customers' through its SmartLink application.

Prime Minister Muhammad Nawaz Sharif here on Tuesday said that the periods of dictatorship led to breed terrorism and extremism in the country, but now the democratic government was taking steps to eradicate this menace.

Visa announced on Tuesday that it will invest in an innovation centre in Dubai, UAE. Dubai is Visa's regional headquarters for Central and Eastern Europe, Middle East and Africa (CEMEA).

Microsoft Pakistan has set yet another example of nurturing local talent from all corners of the country. The company, under its Microsoft Innovation Centre (MIC) initiative, has enrolled and trained over 50 students from remote regions of the country.

The Securities and Exchange Commission of Pakistan (SECP) has enhanced the disclosure requirements for companies, offering right shares. As per new disclosure policy, the companies would have to provide detailed and all-encompassing disclosures to their p

The Capital Development Authority (CDA) has not been able to remove security barriers as per the Supreme Court directives, from different roads, erected by the management of some five stars hotels, embassies and diplomatic missions on state land, citing s

Etihad Airways, the national airline of the United Arab Emirates (UAE), has announced new key appointments within its commercial division which will support the airline's growth and expansion plans.

All Pakistan Motor Dealers Association (APDMA) has accused PAAPAM and PAMA of misguiding the government on auto sector, arguing that local car companies are still assemblers and vendors are making the same parts that were manufactured 50 years ago.

Pakistan fast bowler Wahab Riaz and Australian all-rounder Shane Watson called a truce on Tuesday after their compelling World Cup quarter-final tussle. Wahab won widespread plaudits for a fierce spell of fast bowling which forced Watson to duck into and

Distraught South Africa captain AB de Villiers laid the blame for the World Cup semi-final loss to New Zealand on a string of costly errors led by his own failure to run out Corey Anderson. Anderson was on 33 at the time and scored a further 25 in a 103-r

Pacer Wahab Riaz who showed his class in bowling during the Cricket World Cup 2015 quarter-final against Australia in Adelaide has invited cricket legend Brian Lara to visit Pakistan. Brian Lara who deeply impressed with Wahab's bowling against Australia

Waqar Younis warned Tuesday that cricket could die out in Pakistan if rival teams continue to boycott the country where international tours have not taken place since 2009. There has been no international cricket in Pakistan since the militant attacks on

Skipper Misbah ul Haq on Tuesday confirmed his retirement from one-day internationals but said he would continue to play tests in which format he is Pakistan's most successful captain. He told reporters about his team's performance.

Kevin Pietersen announced on Tuesday that he has agreed a release from his Indian Premier League contract, as he bids to earn an England recall by rejoining English county Surrey. Axed by England in February 2014, the 34-year-old batsman hopes to end his

A Pakistani court on Tuesday dismissed a legal petition seeking a life ban on fast bowler Mohammad Aamer, just weeks after he returned to domestic cricket following a spot-fixing suspension. The International Cricket Council (ICC) gave permission for the

UEFA president Michel Platini on Tuesday warned of a return to the "dark days" of hooliganism in Europe fired by a rise in nationalism and extremism. Platini, speaking as he was reelected to a third term leading Europe's governing body, said governments h

Sepp Blatter on Tuesday listened as his rivals for the FIFA presidency accused his leadership of being authoritarian, not spending enough of its wealth and tarnishing the world body's image. Prince Ali bin Al Hussein, a FIFA vice president from Jordan, fo

India star Virat Kohli returns to the scene of one of his most memorable Test innings hoping to rediscover batting form for Thursday's World Cup semi-final against Australia in Sydney. It was at the Sydney Cricket Ground in January that Kohli, captaining

Johannesburg-born Grant Elliott's 84 not out, capped with a stunning six off the penultimate ball, saw New Zealand to a four-wicket win over South Africa in a cliffhanger World Cup semi-final at Auckland's Eden Park on Tuesday. Elliott's winning six, off

Brazil's current account deficit narrowed in February as the country's currency weakened sharply and economic growth remained stagnant, central bank data showed on Tuesday. Brazil posted a current account deficit of $6.879 billion in February, less than m

China's government approved on Tuesday the formation of three new free trade zones (FTZ) in the city of Tianjin, southeastern Fujian province, and southern Guangdong province, the official Xinhua news agency reported.

Michelin-starred French chef Pierre Gagnaire is to close his restaurant in a Moscow luxury hotel, a spokeswoman said Monday, with Russian media blaming the economic crisis and the embargo on many Western foods for the decision. "After five years of fruitf

Fear rather than euphoria is currently driving global stock markets to new highs, Nobel Economics laureate Robert Shiller said in a German newspaper interview on Sunday. The Yale University professor also warned of potential stock market bubbles and sugge

The development of corporate bonds has "not been too satisfactory", Reserve Bank of India Deputy Governor R. Gandhi said on Monday, calling the huge supply of government bonds one of the impediments.

The development of corporate bonds has "not been too satisfactory", Reserve Bank of India Deputy Governor R. Gandhi said on Monday, calling the huge supply of government bonds one of the impediments.

The US Air Force on Sunday said it is working to resolve a technical error that affects some Boeing Co Global Positioning System (GPS) satellites, although it did not hurt the accuracy of GPS signals received by users around the world.

Sri Lanka's new president will use a visit to Beijing to renegotiate more than $5.3 billion-worth of Chinese deals signed by his predecessor, a minister said Tuesday, calling it a strategy of "economic self-defence".

Belgian business sentiment rose by more than expected to a four-month high in March as managers across all sectors forecast improving demand. The index, often referred to as the leading indicator, rose to -6.3 points from -8.3 in February, above a Reuters

Mexican annual inflation inched below the central bank's 3 percent target in early March, even as a weaker peso threatened to push up prices in Latin America's second-biggest economy. Inflation in the 12 months through mid-March eased to 2.97 percent, dat

German Foreign Minister Frank-Walter Steinmeier welcomed an improved tone in discussions with debt-mired Greece, after meeting visiting Greek premier Alexis Tsipras Tuesday. Steinmeier met Tsipras at his hotel in central Berlin one day after the Greek lea

Investors are losing interest in a proposed $2.9 billion bond deal that would provide a financial lifeline for Puerto Rico after three prominent legislators called for debt restructuring, according to three investor sources. Potential investors are holdin

Investors are losing interest in a proposed $2.9 billion bond deal that would provide a financial lifeline for Puerto Rico after three prominent legislators called for debt restructuring, according to three investor sources. Potential investors are holdin

Dutch prosecutors demanded Tuesday a five-year sentence for a local meat wholesaler suspected of being a key player in Europe's massive 2013 horsemeat scandal. Prosecutors accused Willy Selten of forging numerous invoices and labels that passed off horsem

Japanese Finance Minister Taro Aso urged the central bank on Tuesday to be mindful of the risk of causing sharp, unwelcome falls in the yen when it decides on whether to expand its already radical stimulus programme.

The inclusion of China's yuan in the International Monetary Fund's global currency basket will be a "very live" issue for the multilateral institution to tackle in coming months, a UK treasury official said on Tuesday.

Standard and Poor's maintained the stable outlook of Brazil's investment rating despite a contracting economy and growing political upheaval, in a vote of confidence for President Dilma Rousseff's efforts to clean up the country's finances. S&P said on Mo

Standard and Poor's maintained the stable outlook of Brazil's investment rating despite a contracting economy and growing political upheaval, in a vote of confidence for President Dilma Rousseff's efforts to clean up the country's finances. S&P said on Mo

Turkey's next government could focus too much on spurring economic growth after a June general election, credit-rating agency Fitch said on Tuesday, after months of tension between President Tayyip Erdogan and the central bank.