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
Thin business was seen on the cottonseed oilcake market on Saturday as many buyers kept on the sidelines due to upward trend in the prices, dealers said.
Sluggish trading was seen on the cotton market on Saturday as the Trading Corporation of Pakistan (TCP) sold all 28,000 bales of cotton, dealers said. The official spot rate was inert at Rs 2475, without upcountry expenses.
Rising trend was seen on the grain market on Saturday amid thin process, dealers said. On the grams side, Moon Punjab gained Rs 125 to Rs 4825. Masoor Australia shed Rs 50 to Rs 2650. Masoor Canada rose by Rs 100 to Rs 2750 and Masoor dal Pakistan followe
Danish shipping company Torm posted a smaller-than-expected 6 percent fall in second-quarter pretax profit and raised its full-year profit forecast on the back of continued high freight rates.
Danish shipping company Torm posted a smaller-than-expected 6 percent fall in second-quarter pretax profit and raised its full-year profit forecast on the back of continued high freight rates.
Asian clean tanker rates rose on Thursday, boosted by heightened trans-Pacific arbitrage bookings as traders anticipated a product pinch following BP's closure of its large Prudhoe Bay oilfield.
The trading in raw rubber moved down on Saturday in Jodia Bazar. The following changes were seen. Raw rubber Ceylon (Per lb): RSSV closed down by Rs 2 at Rs 73 and Pale Crape TPC3 was quoted at Rs 80. LATEX: Semnan Tex ended lower by Rs 15 at Rs 505 and T
Singapore bunker prices fell on Friday as the differential to fuel oil cargo values stayed at a discount of more than $2, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $321-$323 a tonne, down $7 from Thursday's Asian close, whil
The Karachi Port handled 81,003 tonnes of cargo including 53,726 tonnes import, 27,277 tonnes export cargo and 4,618 containers during last 24 hours ending at 0700 hours on Saturday.
The lineup of vessels waiting to load sugar in Brazilian ports rose to 48 from last week's 46, shipping agent Williams said Thursday. In a weekly report, it said 40 vessels were lined up in the southern port of Santos, up from 39 last week.
Freight rates for the benchmark Asian route hit a fresh-high this week, on healthy demand for spot cargo trades, as traders turned to lock in their end-of year shipping requirements.
China has snapped up large tonnage's of Australian malting barley in the past two weeks, strongly driving up prices on concerns of a supply squeeze. This has brought China's purchases of Australian malting barley, used to over 1.5 million tonnes this year
Tight crude palm oil supply supported Indonesian prices on Friday, but trading was subdued as players stayed on the sidelines to await clearer price leads next week. Crude palm oil at the state marketing centre's auction in Jakarta traded at 4,463 rupiah
Indian wheat futures climbed on Friday on supply disruptions caused by floods in the country's south and west. Soya eased in line with global markets while good stocks dragged down sugar. The August wheat contract at the National Commodity and Derivatives
Raw sugar prices closed on Friday at its lowest level in eight months as commodity fund sales hammered the market and further pressure could lead to lower values next week, brokers said.
Copper also settled lower on news that BHP Billiton had sat down to negotiate an end to a labour strike affecting Escondida, the world's largest copper mine in Chile. COMEX copper for September fell 4 percent, or $14.80, to end at $3.4765 a lb.
State-run Northern Food Corporation, Vietnam's second-largest rice exporter, has agreed to supply Chile and Guinea with up to 100,000 tonnes each through auctions, state media reported on Friday.
Japan's most active rubber futures contract ended lower in volatile trade on Friday as speculators booked profits after the price had risen more than 2 percent the previous day.
Chicago Board of Trade rough rice futures closed mostly lower on Friday, retreating from contract highs as speculators took profits, traders said. CBOT September rice closed unchanged at $9.61-1/2 per hundredweight, near its session low of $9.60. Most-act
COMEX gold and silver futures trimmed some of their steep losses by the close on Friday, but a midday profit-taking spree by short-term speculators sent it to its lowest close since July 26, traders said.
A turn to good crop weather in the US Midwest during August, the key yield-determining month for soy, drove Chicago Board of Trade soybean futures to 8-1/2 month lows and new contract lows on Friday, traders said.
Vegetable oil prices in China have surged due to a slowdown in soya crushing, triggering large purchases of palm oil, crude soyaoil and canola ahead of the country's Moon Festival in early October.
Crude oil prices fell off record peaks last week as traders seized on news of a failed plan to blow up US-bound passenger planes that prompted expectations of a drop in demand for jet fuel. Coffee prices struck the highest level for six and a half years a
South Korean refiner SK Inchon Oil Ltd was considering the investment of 1.97 trillion won ($2.1 billion) in new facilities to produce 55,000 barrel-per-day (bpd) of light fuels, a South Korean newspaper reported on Saturday.
The number of mobile phone accounts has topped Russia's population, experts in the J'son and Partners consultant firm said in a monthly report quoted Saturday by the Kommersant daily.
The US Securities and Exchange Commission has moved to reassure hedge fund advisers already registered with it that they will not run into trouble as a result of a June court ruling that struck down an SEC registration order.
The US Securities and Exchange Commission has moved to reassure hedge fund advisers already registered with it that they will not run into trouble as a result of a June court ruling that struck down an SEC registration order.
The World Bank has exposed corrupt practices linked to three loans for infrastructure projects in Indonesia, cancelling them and demanding millions of dollars in refunds, a report said Saturday.
Bangladesh's central bank said it would stick to a tight monetary policy to combat rising inflation, despite fears this would choke off credit to the private sector, slowing growth.
Southeast Asia's club of nations, Asean, turned 39 on Tuesday and already it appears to be grappling with a mid-life crisis. The Association of South East Asian Nations, born out of the Cold War of the 1960s, began as a group of newly independent states d
Vietnam has ordered a police investigation into disputed foreign exchange transactions between Industrial and Commercial Bank of Vietnam (Incombank) and Dutch bank ABN Amro, a newspaper reported on Saturday.
A senior Australian fisheries official said Japan had illegally taken A$2 billion ($1.53 billion) of prized southern bluefin tuna over the past 20 years in breach of quota restrictions, local media reported on Saturday.
China's net import of crude oil rose by 17.6 percent year on year in the first half of 2006, due to the rapid economic growth and booming automobile purchases, state media said Saturday.
BP Plc. said on Friday that it will keep the western half of its Prudhoe Bay oil field in Alaska online, allowing it to keep about half the field's capacity operational despite pipeline corrosion that caused a shutdown of the other half of the field.
Manufacturers in India's flood-ravaged Surat city, a key diamond hub, vowed on Saturday to work extra hours to prevent major disruption in exports and meet orders from key markets in Europe and the United States.
Polish entrepreneur Ryszard Krauze's Petrolinvest has bought significant stakes in four Kazakh companies owning large oil fields in that country, daily newspaper Gazeta Wyborcza reported on Saturday.
Dell Inc, the world's largest personal computer maker, is offering refunds to customers in China who sued the company saying their laptops had different microprocessors than advertised.
State-owned Saudi Arabian Airlines kicked off a long-awaited privatisation on Saturday by inviting bids for a stake of up to 49 percent in its catering unit. The catering division is one of five the kingdom's flag carrier plans to privatise by the end of
Credit spreads on Ace Ltd have widened on concerns about potential losses from this year's impending US hurricane season, and while the company still risks further spread widening, now may be a good time to buy, according to some analysts.
Credit spreads on Ace Ltd have widened on concerns about potential losses from this year's impending US hurricane season, and while the company still risks further spread widening, now may be a good time to buy, according to some analysts.
Equity markets look set to remain volatile with inflation and interest rate worries as well as renewed terror fears and the ongoing Israel-Lebanon conflict outweighing healthy corporate profits and low stock valuations.
Emerging government debt prices eased in light trade on Friday as investors adjusted their positions ahead of the weekend. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.125 to bid 129.563 and to yield 6.593 percent
Emerging government debt prices eased in light trade on Friday as investors adjusted their positions ahead of the weekend. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.125 to bid 129.563 and to yield 6.593 percent
The Mexican stock market moved higher on Friday, driven by hefty gains in retailer Wal-Mart de Mexico. The IPC stock index finished up 1.13 percent at 20,273.86 after three straight declining sessions. Leading Mexican retailer Wal-Mart de Mexico, or Walme
US Treasury debt prices fell on Friday after stronger-than-anticipated July retail sales revived speculation that the Federal Reserve might resume raising interest rates.
US Treasury debt prices fell on Friday after stronger-than-anticipated July retail sales revived speculation that the Federal Reserve might resume raising interest rates.
While Go Daddy's titillating TV ads lampooning censorship may have raised some viewers' pulses when they debuted during the 2005 Superbowl, its planned IPO this week provoked little more than yawns from investors.
US corporate bond spreads were steady to slightly wider on Friday as issuers finished unloading about $20 billion of bonds this week ahead of late August's summer doldrums. The market "is going to start slowing down," said Scott Radell, a portfolio manage
US corporate bond spreads were steady to slightly wider on Friday as issuers finished unloading about $20 billion of bonds this week ahead of late August's summer doldrums. The market "is going to start slowing down," said Scott Radell, a portfolio manage
Toronto stocks fell for a second straight session on Friday as the escalating bidding war for big nickel miner Inco Ltd failed to offset weaker energy and gold-mining issues. The Toronto Stock Exchange S&P/TSX composite index closed down 14.15 points, or
Argentine stocks slid on Friday, tracking US markets in a session marked by investor caution and thin trade, traders said. The MerVal index of 12 leading shares lost 0.85 percent to close at 1,618.88 points, racking up a 5.66 percent loss over the last si
Chilean stocks fell from the previous session's two-month high in sluggish trade on Friday as investors waited for final earnings reports. The all-market IGPA index slipped 0.35 percent to 9,985.12 points, while the blue chip IPSA index fell 0.59 percent
US stocks fell on Friday as worries about slower economic growth hit shares of industrial companies such as Caterpillar Inc and disappointing news from chip makers pulled tech stocks lower. A report showing a larger-than-expected rise in business inventor
Buying dollars, not selling them might be the best way for currency investors to benefit from a US economic slowdown which could haunt the global economy into next year.
The Bank of Japan left monetary policy unchanged on Friday, a month after it raised rates for the first time in six years. As widely expected, the BOJ kept the overnight call rate target at 0.25 percent. The decision by the nine-member board was unanimous
The dollar rose on Friday, capping its largest one-week rise in nearly a month on the view the Federal Reserve may not be able to keep official US interest rates steady for long.
International Money Market currency speculators upped their bets against the dollar in the week to August 8, in the process accumulating record bets on the euro and sterling strengthening, data released on Friday showed.
The Canadian dollar rose in see-saw trade on Friday as news of a third takeover bid for Canadian nickel miner Inco Ltd offset downward pressure from surprisingly strong US retail sales data.
Perth's WACA cricket pitch, once regarded as the fastest in Australia, will not be at its fearsome best for Australia's Ashes series with England in December, the ground curator said Saturday.
Bangladesh beat Kenya by six wickets in the first one day international at the Gymkhana Club Ground here on Saturday. Bangladesh replied with 170-4 after dismissing Kenya for 168 all out inside 50 overs. The second of the three one day internationals is o
Former Pakistan captain Rashid Latif has called on the cricket community to forgive disgraced Australian commentator Dean Jones for his disparaging remarks about South African cricketer Hashim Amla.
Roger Federer battled through to the Toronto Masters semi-finals with a 7-6 6-7 6-3 win over Xavier Malisse on Friday. Playing his first event since claiming his fourth consecutive Wimbledon title, the world number one has yet to slip into a comfortable r
Resurgent Serena Williams overcame a strong challenge from fellow American Meghann Shaughnessy to move into the Los Angeles Open semi-finals with a 6-7 6-1 6-4 win on Friday.
Pakistan fast bowler Shoaib Akhtar could return to action for the final Test against England next week, coach Bob Woolmer said, after coming through eight overs against a West Indies A side here on Saturday.
Italy is ready to send between 2,000 and 3,000 troops to Lebanon as part of the planned United Nations force to enforce a cease-fire, Defence Under-secretary Lorenzo Forcieri told Reuters on Saturday. Forcieri said it was "realistic" that Italy would be g
Ethiopia has ratified an international United Nations treaty that bans explosive testing of nuclear weapons, bringing the total number of ratifications to 135, an official statement said Saturday.
A former elite general in the war-ravaged Central Asian state of Tajikistan has been jailed for life for planning an armed revolt against President Emomali Rakhmonov, the general's lawyer said on Saturday.
Former Malaysian leader Mahathir Mohamad took his attack against Prime Minister Abdullah Ahmad Badawi to the seat of power, the ruling party, on Saturday - and found plenty of support for his criticisms.
An Ariane-5 rocket blasted off from French Guiana on Friday, putting into orbit a Japanese civilian communications satellite and a French military communications satellite, officials said. The launch took place at Europe's space base in Kourou, on the nor
Sri Lanka's Tamil Tiger rebels broke through military defences in the island's far north and overran army bunkers on Saturday, truce monitors said, as the fiercest fighting since a 2002 truce spread.
Unidentified gunmen shot dead Saturday a top Sri Lankan official involved in the Norwegian-led peace process with Tamil Tiger rebels, police said. Ketheesh Loganathan, the Deputy Secretary-General of the Peace Secretariat, was shot at his home in Colombo'
The British government on Saturday rejected as "dangerous and foolish" accusations that its foreign policy heightened the threat of terrorist attacks after police foiled a plot to blow up transatlantic airliners.
All Parties Hurriyat Conference Azad Jammu and Kashmir (AJK) Convenor and Chairman People's Freedom League Muhammad Farooq Rehmani has said that Kashmiris in Pakistan and AJK would observe 'black day' on August 15 independence day of India.
A three-member delegation, led by David A. Gross the US Ambassador and Co-ordinator for International Communication and Information Policy Bureau of Economics & Business Affairs, called on the chairman Pemra to discuss various issues of bilateral importan
Secretary Information and Broadcasting Shahid Rafi said on Saturday that preparation of new Media Policy was in final stages and it would be announced soon.
The Capital Development Authority (CDA) on Saturday conducted an operation against illegal encroachments and illegally builds. During the operation enforcement department of CDA has demolished almost 40 temporary huts here at Capital sector G-1.
Federal Minister for Inter Provincial Co-ordination, Senator Salim Saifullah Khan said that the Federal Government has approved 118 kilometres Gandi- D I Khan dual highway for the southern districts of NWFP and disclosed that work would shortly commence o
Cuba is on all counts a very small country - with a population of 11.4 million people, a GDP of 39 billion dollars a year and an annual volume of trade of 9.3 billion dollars. But it has for years projected itself far beyond these numbers.
More then 2 dozen people lost their lives because of callousness of the planners and failure in their co-ordination, who claim that Karachi will soon be a city of luxurious living. This rhetoric was dinned in our ears by ex-City Nazim and now the energeti
By giving a green signal to Israel to attack Lebanon, the US has once again behaved as an extension of the Israeli government. Its advice to the invading party not to kill civilians was a solace for its collateral satisfaction vis-à-vis its signal.
Rumours of late were taking rounds that the money- changers have turned into the Shylocks of Judaea baying for flesh and blood. What a blasphemy for the chosen ones, thousand apologies better mind your language. Some think it is a genetic disorder others
After four weeks of violent but inconclusive warfare, there were almost as many diplomats as missiles flying overhead in Beirut in the last few days, signalling a shift from fighting to negotiating, as the war's true dimensions and stakes suddenly become
It, indeed, is gratifying to learn from a Recorder Report that, at long last, a beginning has been made in providing Sindh with a befitting infrastructure, conducive to its crying needs and circumstances, with a marked focus on Karachi, the country