Bearish sentiment was seen in the open market on Saturday as the rupee dropped versus the dollar, shedding 10 paisa for buying at 60.65 and slid five paisa for selling at 60.70, respectively.
Bearish sentiment was seen in the open market on Saturday as the rupee dropped versus the dollar, shedding 10 paisa for buying at 60.65 and slid five paisa for selling at 60.70, respectively.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 07, 2006).
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
The earthquake on October 8 last year changed the face of Northern Pakistan forever. Official death toll reached 87,000 leaving 3.3 million people homeless.
I had only seen the pictures of devastation and obliteration on television and newspapers and had no idea what will be the real view, unless I travelled myself to those areas, couple of days after the earthquake played havoc in most parts of Azad Kashmir
Falling trend was seen on the forward cottonseed oilcake market on Saturday as most of the buyers remained on the sidelines due to lack of interest in new deals, dealers said.
Selling pressure pulled the prices lower on the cotton market on Saturday, dealers said. The Karachi Cotton Association (KCA) official spot rate was down by Rs 35 to Rs 2425, without upcountry expenses. Seed-cotton was trading at Rs 1100-1125 in Sindh and
Singapore is set to launch crude palm oil futures contracts by the end of 2006, trading palm oil of Indonesian origin on the Joint Asian Derivatives Exchange, an industry official told Reuters on Friday.
USDA cotton export sales highlights for latest reporting week: Net Upland sales of 254,200 RB-a marketing-year high-were 34 percent above the previous week and 30 percent over the prior 4-week average.
Indian soyaoil futures rose on an expected delay in the new soyabean crop reaching the market, while wheat traded higher on Friday on the slow pace of import arrivals. Sugar rose on buoyant demand during the religious festival season, when sales of sweets
Traders in India are expecting New Delhi to lift a ban on exports, the industry in neighbouring Pakistan has urged Islamabad to impose a duty to restrict further imports.
Vietnam aims to double rubber output to more than 1 million tonnes by 2020 by expanding plantations and increasing yields, a senior industry official told Reuters on Friday.
Copper futures in New York settled with healthy gains on Friday as chart-based buying boosted prices, extending a midweek technical bounce, sources said. However, further upside potential remained to be seen, given the market's extreme volatility, they sa
Arabica benchmark coffee futures finished moderately lower on Friday, with a rainy weather forecast in Brazil's coffee growing region dampening prices, traders said. Some players had built speculative long positions based on recent dry conditions in the B
Soyabean futures at the Chicago Board of Trade closed weak on Friday as farmers harvested what could be a record large US soyabean crop, traders said. "There was light two-sided trade today in beans and little change. Forecasts for favourable harvest weat
Gold futures recovered minutes before the close on Friday to end a volatile session higher as speculators bought back shorts after failing to take gold to a new low before the weekend.
Raw sugar prices ended mixed on Friday as speculative pressure matched up against trade buying in a market where the longer-term trend appears to be negative over the next few weeks, brokers said.
Crude oil prices ducked below 58 dollars this week, calmed by healthy US energy stockpiles, but rebounded slightly after Opec signalled it might cut output to remedy the situation.
The suspension of a dredging program at Brazil's main grain port of Paranagua is expected to impede any increase in future grain exports and disrupt shipping traffic flow, some ship owners and agents said on Wednesday.
Brazil's main port of Santos moved 7.4 million tonnes of cargo in August, up 14 percent from the same month in 2005, the Port Authority Codesp said on Friday. The port accounted for 25.9 percent of Brazil's international trade in August.
The rates in the transatlantic clean tanker market weakened on Wednesday on a heavy buildup of vessels in Europe, ship brokers said. The market outlook was also bleak in the near term as the vessel supply continued to outweigh the strong flow of cargoes t
The lineup of vessels waiting to load sugar in Brazilian ports jumped to 57 from 49 last week, shipping agent Williams said Thursday. In a report, it said 30 vessels were lined up in the southern port of Santos, up from 27 a week ago. There were 10 vessel
Singapore bunker prices were lower on Friday, as the premium to fuel oil cargo values stayed around $1-$2 a tonne amid poor demand for a fifth consecutive day.
Freight rates for the benchmark Asian route continued to ease from 17-month highs, as the end of the South American grain season and national holiday celebrations in China, South Korea and Taiwan weighed on prices.
Moong and masoor prices went up on the grain market on Saturday as buying increased to Iftar items requirements, dealers said. On the cereals side, Moong Punjab was higher by Rs 250 to Rs 3125.
The Karachi Port handled 93,825 tonnes of cargo including 82,242 tonnes import, 11,583 tonnes export cargo and 2,897 containers during last 24 hours ending at 0700 hours on Saturday.
US oil major Chevron and Malaysia's Petronas will pay Chad $281.6 million under a deal to end a tax dispute which saw them threatened with expulsion from the central African country, the government said.
US oil major Chevron and Malaysia's Petronas will pay Chad $281.6 million under a deal to end a tax dispute which saw them threatened with expulsion from the central African country, the government said.
Germany's defence minister warned in a magazine article on Saturday against the French gaining too much influence in aerospace group EADS as signs emerged that a company crisis was rekindling Franco-German tensions.
India needs to reforms its pension and insurance sectors and develop a corporate debt market to raise long term funds of $50 billion annually from domestic markets to improve its rickety infrastructure, Finance Minister Palaniappan Chidambaram said on Sat
India's economy, Asia's fourth largest, can grow at an annual pace of 10 percent - tackling poverty - if nearly $320 billion is spent fixing creaky infrastructure, the prime minister said on Saturday.
Brazil, Russia, India and China have long been the darlings of emerging market investors. Now, though, cracks have appeared among the BRICs. After generally outperforming broader emerging market equities since January, the big four combined reversed the t
Brazil, Russia, India and China have long been the darlings of emerging market investors. Now, though, cracks have appeared among the BRICs. After generally outperforming broader emerging market equities since January, the big four combined reversed the t
Italy will scrap a 5 percent limit on construction firms' voting rights in highway operators after the EU signalled such a ceiling would breach EU rules, Italy's minister for EU affairs said on Saturday.
China has closed melting glaciers in its north-western Xinjiang region to tourists who littered, polluted and even drove across the ice that provides water to millions, the official Xinhua agency said on Saturday.
Internet search leader Google Inc is in talks to buy popular Web video site YouTube Inc for close to $1.6 billion, the Wall Street Journal reported on Friday, citing a person familiar with the matter.
International efforts to reduce Africa's crippling debt are slowly helping to curb poverty on the continent, but the key to a real breakthrough is stronger economic growth, a top IMF official said on Friday.
European countries are sending Turkey too many negative signals about its EU bid, denting Ankara's desire to enact reforms in a vicious spiral that could end in disaster, a senior European Commission official warned.
The founders of Malaysia-based low-cost carrier AirAsia plan to set up a new budget airline that will operate long-haul flights, a business weekly reported. The Edge, citing unnamed sources, said the new airline, which would be privately owned, might begi
Morocco is eager to lure more foreign investors from Europe and the Arab Gulf region to help it modernise its agriculture as it prepares to lease more state-owned farms, a farm official said on Friday. The government leased a first batch of state-owned fa
Iranian Oil Minister Kazem Vaziri-Hamaneh said he hoped the Opec basket oil price would hit $60 a barrel or more in the next few days, Iranian state television quoted him on Saturday as saying.
The Canadian bond prices fell sharply on Friday, along with US Treasuries which slid after the jobs report as hopes that the US Federal Reserve may soon cut interest rates faded away with the revisions to jobs data for August and earlier months.
The Canadian bond prices fell sharply on Friday, along with US Treasuries which slid after the jobs report as hopes that the US Federal Reserve may soon cut interest rates faded away with the revisions to jobs data for August and earlier months.
US high-grade corporate bond spreads were unchanged to slightly wider on Friday as Tracinda Corp's decision not to buy additional shares of General Motors Corp captured the market's attention, while high-yield bonds were flat to slightly higher.
US high-grade corporate bond spreads were unchanged to slightly wider on Friday as Tracinda Corp's decision not to buy additional shares of General Motors Corp captured the market's attention, while high-yield bonds were flat to slightly higher.
Mexico's stock index closed a touch higher to hit its third record close in a row on Friday as optimism over upcoming corporate earnings in the country eclipsed weak jobs data out of the United States.
Toronto stocks closed moderately lower on Friday, hit by weak commodity prices and domestic jobs data that made investors worry if interest rates would fall as early as they had hoped.
US government debt prices fell sharply on Friday after US employment data pointing to a tighter labour market persuaded some investors that the Federal Reserve might not cut interest rates as soon as some had expected.
US government debt prices fell sharply on Friday after US employment data pointing to a tighter labour market persuaded some investors that the Federal Reserve might not cut interest rates as soon as some had expected.
European stock markets already at five-year highs could get a new fillip from tame oil prices and ongoing take-over buzz next week, but economic data and comments by central bankers will ultimately drive sentiment.
Investors' aversion to emerging market sovereign debt declined on Friday as bond markets took a mixed US jobs report as a sign the world's largest economy is slowing moderately, without threatening exports from developing countries.