The rupee trimmed some weakness versus the dollar in the open market, gaining three paisa for buying and selling at 60.55 and 60.60, respectively. Some dealers said that due to international market closer, activity was low and supply was enough to fulfil
The rupee trimmed some weakness versus the dollar in the open market, gaining three paisa for buying and selling at 60.55 and 60.60, respectively. Some dealers said that due to international market closer, activity was low and supply was enough to fulfil
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
"Let other people play at other things the King of Games is still the Game of Kings" This verse is inscribed on a stone tablet next to a polo ground in Skardu, near the fabled silk route from China to the West. In one ancient sentence, it epitomises the f
The Shandur Pass lies almost midway between Chitral and Gilgit on a jeep road, travelling on which is adventurous, to say the least. One can get to Chitral or Gilgit by Pakistan International's daily flights from Peshawar and Islamabad. There two are dail
The government believes tourism industry is gaining momentum and more and more people are visiting Pakistan. Not only foreign tourists are coming to the country but also domestic tourism is showing upward trend, as luckily people are more aware and they a
July and August contracts were unchanged on the forward cottonseed oilcake market. At the weekend buyers were on the sidelines due to lack of interest, dealers said. The December vaida commenced at Rs 514.00.
Firm trend was seen on the cotton market on Saturday ahead of the Trading Corporation of Pakistan (TCP)tender opening, brokers said. The official spot rate was unchanged at Rs 2600, without upcountry expenses.
The lineup of vessels waiting to load sugar in Brazilian ports jumped to 47 from last week's 39, shipping agents Williams said. It said in a weekly report that 32 vessels were lined up in the southern port of Santos, up from 27 last week. In north-eastern
The Karachi Port handled 103,501 tonnes of cargo including 79,679 tonnes import, 23,822 tonnes export cargo and 3,191 containers during last 24 hours ending at 0700 hours on Saturday.
Asian Panamax freight rates for the benchmark Asian route hit a new six-month high, supported by strong South Korean demand, shipbrokers and traders said on Tuesday.
Singapore shipbuilder Labroy Marine will build 24 specialised vessels that support offshore oil exploration within the next two years, and plans to take another 12 orders for delivery in 2009.
Mixed price pattern was seen on the grain market on Saturday, as traders was interest in fresh buying, dealers said. On the grams side, gram garda Punjab gained Rs 25 to Rs 2900-2975, gam dal Punjab picked up Rs 50 to Rs 3350-3425, yellow peas shed Rs 25
Wheat Australia said on Friday it would seek grain from sources other than AWB Ltd for fresh sales to the key Iraq market, if the national exporter would not release supplies. Shipments from Wheat Australia's first sale to Iraq are about to begin, with a
Raw sugar prices finished easier on Friday on speculative profit-taking and the market may probe lower as a result of follow-through pressure going into next week, brokers said.
Brazilian sugar and ethanol prices remained firm this week, with strong demand from the export market and the limited offer of products on the local market, traders said on Friday.
The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) rose 2 cents to 749c a kg clean on Thursday, compared with previous sales on July 5. AWEX said its northern indicator at sales in Sydney gained 3 cents to 769c/kg, the southern in
Comex copper futures settled down and near session lows on Friday, as investors banked some profits after prices rallied more than 6 percent in the previous session, sources said. "We were a little over-cooked yesterday and I think it was just a natural r
The Chicago Board of Trade soyabean market tumbled on Friday as the forecast called for rain to move into the parched western US next week, traders said. Traders have been especially concerned about the western Midwest, where soyabeans need more rain afte
US precious metals futures fell on Friday but minimised losses by the close as funds bought the lows, traders said, adding that thin volumes accounted for the choppy conditions and wide range, while solid technical and fundamentals support prices.
Turkish cotton prices were steady this week as a modest 400 tonnes changed hands after no trade was recorded last week, traders said on Thursday. Benchmark standard-1 cotton sold for 2.2 lira per kg this week ($1,377 per tonne) with total volume on the Iz
Chicago Board of Trade rough futures closed firm on Friday after a series of technical moves, with prices choppy but keeping within recent ranges, traders said. But trade was light amid a lack of market news. July rice closed 2 cents higher at $9.25 per h
Most commodities, led by crude oil, rallied this week as investors returned to the market amid expectations that the US Federal Reserve could soon end its policy of hiking interest rates. Crude oil futures raced to record high points above 75 dollars per
The British government's most senior law adviser on Saturday rejected calls to try three London bankers here instead of in the United States on fraud charges related to the collapsed firm Enron.
Bank of France Governor Christian Noyer said on Saturday Europe wanted to see a steady rebalancing in the global balance of payments that would avoid "brutal crises or tensions".
Cathay Pacific Airways on Saturday unveiled a new creative look to its web-site that improves customer access to flight, service and promotion/information. The site experience should be better due to simplified navigation and clearer colour schemes.
Colombia's government said on Friday it expected to sign a free trade agreement with the United States in early October after ironing out difficulties over agricultural goods in the text of the deal.
Bangladesh's foreign aid receipts in July-April of fiscal 2005/06 fell 12 percent compared with the year-ago period, finance ministry officials said. Bangladesh received 979.11 million dollar in foreign aid during the first 10 months of 2005/06, down from
The International Monetary Fund's voting structure should be overhauled to reflect the current weight of each of its 184 member countries in the global economy, US Treasury under-secretary for international affairs Tim Adams said on Saturday.
The Bank of Japan will raise interest rates next week for the first time in nearly six years in a sign that the Japanese economy is gaining momentum, news reports said Saturday.
Fuel-efficient cars with low emissions proved popular in China's auto market in the first half of this year, accounting for half of the top-10 best selling vehicles, state media said Sunday.
China will provide preferential loans to small and medium-sized Taiwanese enterprises on the mainland to help them develop their business, official media said on Saturday.
Container shipping operator Seaspan Corp intends to pursue further fleet expansion through loans, cash flow and possible secondary share offerings to take advantage of the fragmented market it operates in, a senior executive said on Friday.
Container shipping operator Seaspan Corp intends to pursue further fleet expansion through loans, cash flow and possible secondary share offerings to take advantage of the fragmented market it operates in, a senior executive said on Friday.
The New Jersey Legislature voted to approve a $31 billion budget accord early on Saturday to end a government shutdown that closed Atlantic City's 12 casinos and furloughed 45,000 state workers, CBS Radio reported.
Some 4,000 people marched in the streets here Saturday urging the government to scrap free trade talks with the United States. The protest, led by public sector workers and school teachers, came ahead of mass rallies called by activists to coincide with t
Germany's budget deficit will probably exceed the EU's limit of 3 percent of gross domestic product this year, despite the finance minister's statements to the contrary, a German magazine reported on Saturday.
Emerging market bond prices rose on Friday after a weaker-than-expected US jobs report raised some hopes that the Federal Reserve may give up raising interest rates again in August.
Emerging market bond prices rose on Friday after a weaker-than-expected US jobs report raised some hopes that the Federal Reserve may give up raising interest rates again in August.
General Motors Corp bonds were mostly stronger on Friday after the automaker's board approved talks to discuss a possible partnership with Nissan Motor Co Ltd and Renault SA. In the broader US corporate market, spreads were firm and mostly unchanged.
General Motors Corp bonds were mostly stronger on Friday after the automaker's board approved talks to discuss a possible partnership with Nissan Motor Co Ltd and Renault SA. In the broader US corporate market, spreads were firm and mostly unchanged.
US Treasury debt prices climbed on Friday after government jobs data indicated the labour market was softer than economists had forecast, leaving room for the Federal Reserve to stop raising interest rates.
US Treasury debt prices climbed on Friday after government jobs data indicated the labour market was softer than economists had forecast, leaving room for the Federal Reserve to stop raising interest rates.
Toronto stocks ended with a moderate gain on Friday as the financials group rallied on interest-rate relief, offsetting a steep drop in energy shares as oil prices retreated from record highs. The Toronto Stock Exchange's key S&P/TSX composite index close
Tube City IMS Corp, which provides outsourced services to steel mills in North America, Europe and China, said on Friday it is planning an initial public offering of as much as $172.5 million in common stock.
Tube City IMS Corp, which provides outsourced services to steel mills in North America, Europe and China, said on Friday it is planning an initial public offering of as much as $172.5 million in common stock.
Altria Group Inc's credit spreads have narrowed sharply since a key legal victory for the tobacco industry on Thursday, yet there may be more upside in store for credit investors, several analysts say.
Altria Group Inc's credit spreads have narrowed sharply since a key legal victory for the tobacco industry on Thursday, yet there may be more upside in store for credit investors, several analysts say.
European stock market investors will latch onto next week's results updates, mostly from retailers, to see if shares can rise beyond one-month highs, even as interest rate concerns lurk in the background.
Brazil's stocks weakened on Friday, after the central bank bought US dollars, and after a rise in US wage inflation raised concerns US interest rates might rise further attracting money away from emerging markets. The Sao Paulo Stock Exchange's Bovespa in
Chilean stocks fell on Friday as investors anticipated a rate hike at the central bank's monetary policy meeting next week. The IPSA blue chip index fell 0.81 percent to 2,105.78 points while the all-market IGPA index slipped 0.49 percent to 9,855.13, pre
Mexican stocks fell on Friday, hurt by fears of higher US interest rates and despite optimism after Mexico's conservative candidate barely won the presidential election. The IPC stock index closed 1.09 percent lower at 19,829.60 points. The peso gained 0.
Argentine stocks slipped on Friday, dragged lower by a sell-off in international markets, traders said. The MerVal index of 12 leading shares finished 0.73 percent lower to close at 1,704.68 points after rising more than 0.70 percent earlier in the sessio
Borsa Italiana said on Friday it would start talks with interested bourses on a possible European federation of stock exchanges. The Italian bourse is in talks with pan-European exchange Euronext for a prospective alliance and has received a proposal for
US stocks tumbled on Friday, sending the Dow to its biggest drop in a month, as investors worried that 3M Co's profit warning could be a sign that more companies will forecast that earnings will fall short of Wall Street's estimates. A government report s
The Canadian dollar ended lower against the US dollar on Friday as Canada's June job report came in weaker than expected, persuading the market that the Bank of Canada will not raise interest rates next week.
Traders dropped the dollar to one-month lows against the euro and yen after a surprisingly weak US jobs report on Friday - but anybody expecting this to be a knockout blow for the currency may be disappointed.
The dollar plumbed one-month lows against the euro and the yen on Friday after data showed US job growth in June fell short of expectations and heightened concern that the US economy may be slowing.
Financial markets wilted when the Bank of Japan ended its super-loose monetary policy in March, but rising risk aversion since then means global investors are well positioned to absorb any BoJ rate hike next week.
Currency speculators in International Monetary Market futures increased their long euro positions for the period ending July 3, according to data released on Friday.
Sweden's Daniel Chopra signed for a second consecutive five-under-par 66 and has a two-shot lead after Friday's second round of the five million dollar PGA Western Open.
Pakistan captain Inzamam-ul-Haq and fellow senior batsman Mohammad Yousuf missed out on the chance of some time in the middle before next week's first Test at Lord's after they each fell for nought against England A here Saturday.
India will host the final of the 2011 World Cup with the opening ceremony to be held in Bangladesh, a Pakistan Cricket Board (PCB) official said on Saturday. The International Cricket Council (ICC) has awarded the hosting rights to India, Pakistan, Sri La