Pakistan and China have agreed on working jointly for further promoting strategic partnership in all spheres and establishment of peace besides expanding co-operation in all areas of activities.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 23, 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
Tunisian state grains agency Office des Cereales has issued a tender to purchase 150,000 tonnes of feed barley, European traders said on Thursday. It was optional origin. Bidding deadline was Friday (November 24). It was in six 25,000 tonne consignments f
China's largest wheat growing province of Henan will sell 500,000 tonnes of wheat from reserves to boost supplies and help ease rising domestic prices, industrial officials said on Thursday.
The Karachi Port handled 44,489 tonnes cargo including 35,785 tonnes import, 8,704 tonnes export cargo and 2,641 containers during last 24 hours ending at 0700 hours on Thursday.
Argentine soya's closing prices and trends on Wednesday: Soya closed higher at 612 pesos ($199) per tonne in main grain port of Rosario, compared with Tuesday's price of 610 pesos. Traders said prices tracked gains in the influential Chicago market and su
Ukraine's grain exports through Black Sea ports fell to 195,450 tonnes so far in November compared with total exports of 495,750 in October due to export restrictions, analysts said on Thursday.
Hard red winter wheat futures at the Kansas City Board of Trade ended mixed on Wednesday as an early across-the-board rally retreated amid profit-taking ahead of the holiday, traders said.
A few changes were seen on the grain market on Thursday as almost all commodities did not move any side in process of trading, dealers said. On the grams side, gram garda lost Rs 100 to Rs 3200-3300. Gram dall Punjab shed the same amount at Rs 3900-4000.
Corn futures on the Chicago Board of Trade closed higher on Wednesday, led by the distant contracts amid the brisk demand for corn and outlooks for shrinking feed grain stocks near the end of next year, traders and analysts said.
Wheat futures on the Chicago Board of Trade closed sharply higher in a shortened pre-holiday session on Wednesday, with new-crop July leading the way up on bear spreads, brokers said. "The enthusiasm is in new crop," one floor trader said.
Modest business was seen on the forward cottonseed oil cake market on Thursday as most of the buyers kept on the sidelines due to higher trend in the prices, dealers said.
Untimely rains accompanied by hailstorms in several parts of Punjab earlier this week caused cotton prices to increase over the past couple of days. Punjab prices of cotton reportedly gained anywhere from Rs 50 to Rs 75 over the past couple of days as spi
Untimely rains accompanied by hailstorms in several parts of Punjab earlier this week caused cotton prices to increase over the past couple of days. Punjab prices of cotton reportedly gained anywhere from Rs 50 to Rs 75 over the past couple of days as spi
US farm exports during fiscal 2007 are expected to surge to a record $77.0 billion as higher sales of corn, soybeans, wheat and livestock push the country's agriculture surplus to its highest level in three years, the Agriculture Department said on Wednes
Spring wheat futures on the Minneapolis Grain Exchange closed modestly higher in a shortened, pre-holiday session on Wednesday, following strength in Chicago Board of Trade wheat, traders said. The market closed at noon CST (1800 GMT) and will remain clos
Arabica benchmark coffee futures finished the short week with a tiny rise on Wednesday, though traders said business was quiet and most participants were already gone ahead of the US holiday on Thursday.
Chicago Board of Trade rough rice futures closed mostly firm on Wednesday on a short-covering bounce in pre-holiday trade after on Tuesday's slide to a three-week low, traders said.
Copper futures in New York settled a shade lower on Wednesday, with the December-March spread dominating dealings during an otherwise slow pre-holiday session, traders said. Comex will be shut on Thursday and Friday in observance of US Thanksgiving. Tradi
Platinum futures dropped more than 5 percent on Wednesday, capping a volatile short trading week, as investors opted to liquidate ahead of a US holiday in absence of any confirmation of a launch of an exchange-traded fund.
Platinum held steady on Thursday in quiet trade following a speculative sell-off the previous day on liquidation ahead of a US holiday, while gold held firm on a weaker US dollar and strong physical demand.
Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of November 21, totalled 730,263 (480-lb) bales, from 728,483 bales the previous session. There were 1,639 bales issued, 14,369 bales awaiting
Shanghai copper futures rose on Thursday, supported by strong domestic spot copper premiums despite lower prices overnight on the London Metal Exchange.
Oil prices were steady on Thursday after shedding gains made earlier in the week following a massive build in crude stocks in the United States. US crude inched up 6 cents to $59.30 a barrel at 0648 GMT in thin electronic trade, as many dealers were away
Australian wheat exporter AWB Ltd released on Thursday a report it had commissioned that recommended a gradual dismantling of its wheat export monopoly even as its fights to keep the monopoly amid a scandal over sales to Iraq.
Australia will abolish a levy on domestic sugar sales from December 1, a year ahead of schedule, as improved world prices have boosted the outlook for Australian growers, Treasurer Peter Costly said on Thursday. Soft drinks group Coca-Cola Amatil Ltd, a m
Raw sugar futures closed marginally easier on Wednesday on speculative sales in a market becalmed by the fact most players went home due to the longest holiday break of the year, brokers said.
Chicago Board of Trade soyabean futures closed firm on Wednesday in a choppy, pre-holiday-type market, traders said. The exchange closed on Wednesday, at noon CST, and will remain closed on Thursday for the US Thanksgiving holiday. CBOT markets will also
A group of South Korean flour millers has bought 21,200 tonnes of US No 1 wheat from Mitsui, traders said on Thursday. Shipment was set for between January 20 and February 20, and buyers are Daihen Flour Mills Co Ltd, Daesun Flour Mills Co Ltd and Samhwa
Rubber trade was thin on Thursday as most overseas buyers held back with the Tokyo futures market closed for a holiday, traders said. The Tokyo Commodity Exchange, the global trend setter for rubber prices, was still on a downward trend and could fall to
Malaysian crude palm oil futures closed lower on Thursday as players took profit after a strong rally this week and prices of rival soyoil declined. The benchmark February contract on the Bursa Malaysia Derivatives exchange finished down 30 ringgit at 1,8
South Africa is home to as many as 10 million illegal immigrants and must brace for a flood of new arrivals as its booming economy leaves poorer neighbouring nations behind, according to an employment report published on Thursday.
The Australian government on Thursday ruled out allowing iconic national airline Qantas to fall into foreign hands, after it was revealed that a multi-billion dollar take-over bid had been launched.
Air France KLM, under pressure from Rome to commit to a merger with Alitalia, announced exploratory talks with the ailing carrier on Thursday but reaffirmed conditions for a deal.
The US economy is slowing but the outlook is benign, while Japan is poised for its longest post-war growth spell, OECD chief Angel Gurria said on Thursday.
German business sentiment improved unexpectedly in November and separate data showed the country's economic upswing broadened in the third quarter, bolstering the view that eurozone interest rates will continue to rise next year.
British business investment rose at its fastest pace in two years in the third quarter, lifting quarterly spending above 31 billion pounds ($59.4 billion) for the first time since records began in 1966.
Iraq lost $24.7 billion of potential oil revenues in the past three years because violence and political instability have damaged existing operations and blocked new projects, Iraq's oil watchdog said on Thursday.
A rise in oil production from the Caspian, Africa and North America will ease Opec's burden in meeting world oil demand in 2007, but an anticipated supply surge may not materialise.
An Iranian government plan to set a higher budget oil price for next year will cut contributions to a petrodollar fund and may be opposed by parliament, a leading lawmaker was quoted on Thursday as saying.
Microsoft Corp filed revised documents with the European Commission on Thursday aimed at complying with a landmark antitrust decision from 2004, the European Commission said.
Economic growth in Malaysia slowed in the third quarter but a cut in interest rates should not be required to boost activity, the central bank said on Thursday.
Turkey's chief EU negotiator said on Thursday Ankara would not walk away from Finnish-led discussions over Cyprus aimed at avoiding a crisis in Turkey's European Union membership bid.
Indian share prices fell 0.19 percent on Thursday, snapping three straight days of gains, with the benchmark Sensex unable to sustain a record intraday peak on profit booking by investors, dealers said. They said the markets appeared due for a small corre
Hong Kong stocks struck fresh peaks on Thursday, with China plays gaining 0.2 percent as fresh year-end fund inflows prompted investors to pile into underplayed sectors such as property and oil.
US technology stocks rose on Wednesday after strong earnings from computer maker Dell Inc. The Dow ended slightly higher as restructuring news from Alcoa Inc offset a drop in General Motors Corp's stock after financier Kirk Kerkorian cut his stake in the
Philippines share prices closed 1.42 percent lower on Thursday as investors booked profits on blue chips after recent sharp gains, dealers said. They said the market stayed in negative territory throughout the entire session, reflecting the lack of fresh
US Treasury debt prices crawled higher for a second session on Wednesday as consumer sentiment slipped, but the market was largely stagnant ahead of the Thanksgiving holiday. The University of Michigan said consumers felt less upbeat in November, potentia
US Treasury debt prices crawled higher for a second session on Wednesday as consumer sentiment slipped, but the market was largely stagnant ahead of the Thanksgiving holiday. The University of Michigan said consumers felt less upbeat in November, potentia
Singapore share prices powered to a new record high on Thursday for a second straight session on institutional interest in energy-related stocks, dealers said. They said Singapore's strong economy was also a boost to investor sentiment.
Thai share prices closed flat on Thursday as investors stayed on the sidelines ahead of the Thanksgiving Day public holiday in the United States, dealers said. They said trading was also sluggish as the stock market in Japan, Asia's largest bourse, was cl
Chinese stocks rose on Thursday as real estate shares surged, bought by new local funds entering the market. Banks regained some strength after several days of heavy profit-taking in that sector.
Malaysian share prices closed 0.25 percent higher on Thursday in mixed trade with investors cautious ahead of third-quarter gross domestic product data, dealers said. Trade also saw gains capped by profit-taking in lower-liners and select blue chips, they
Indonesian share prices closed 0.08 percent lower on Thursday as profit-taking in major stocks like gas distributor Perusahaan Gas Negara (PGN) offset gains in the broader market, dealers said.
The Swiss franc was little changed on Thursday against the dollar with the euro holding on to most of its gains from the previous session when the unwinding of carry trades pushed the franc sharply higher.
Interbank buy/sell rates for the taka against the dollar on Thursday. 70.45/72.95 (previous 70.20/72.95). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
The yuan rose against the dollar on Thursday, hitting its highest level since the July 2005 revaluation and approaching the rate at which the central bank conducted its first dollar-yuan swap deal a year ago.
The dollar slipped towards a two-month low against the yen on Thursday and was mired near a 5-1/2-month low against the euro in subdued trading due to holidays in both the US and Japan.
The dollar fell to a 5-1/2-month low against the euro and a two-month low against the yen on Wednesday as thin trading volume exaggerated the impact of souring views on the greenback.
Asian currencies rallied on Thursday, with the Singapore dollar hitting a nine-year high and the Philippine peso touching a 4-1/2-year peak, in reaction to a broad sell-off in the US currency overnight.
President General Pervez Musharraf on Thursday said the government is taking a number of steps for the promotion of sports activities in the country, with substantial amount being spent for this purpose.
Pakistan's Asian Games medal hopes were badly hit when two of their leading boxers were banned for six months after testing positive for cannabis, officials said Thursday.
FIFA said on Thursday it had suspended Iran from all international soccer activity because of government interference in running the game in the country.
Ricky Ponting joined Steve Waugh as Australia's greatest century-maker in Test cricket to put his team in command over England on the first day of the Ashes opener at the Gabba here Thursday.
Mohammad Yousuf's record-equalling century salvaged a draw for Pakistan and ended the West Indies' chances of a series-levelling win in the second Test at Multan stadium on Thursday.
In mourning after the death of 23 colleagues in Poland's worst mining accident in three decades, the hard-bitten miners of the Silesian coalbelt remain deeply tied to their tough livelihood.
A chain of administrative failures and negligence in Ivory Coast led to the dumping of toxic waste in the economic capital Abidjan which killed 10 people and made thousands ill, a government inquiry said.
Ginat steelmaker Mittal is to pay 10 years' wages to the families of workers killed in accidents in its mines in Kazakhstan in the past two years, a company official was quoted as saying Thursday.
Amid increasing calls for a diplomatic breakthrough to end rampant Israeli-Palestinian violence, a prominent leader of Israel's left-wing bloc has come up with a new Middle East peace initiative.
Nestled in dense jungle and reachable only by canoe, this Maoist rebel camp will soon host United Nations observers monitoring arms as part of Nepal's landmark peace deal.
Poland vetoed the launch of talks between the European Union and Russia on a new partnership agreement on Thursday over a meat dispute, casting a shadow over a summit with Russian President Vladimir Putin.
The European Union's aid chief proposed a 40 million euro ($52 million) fund on Thursday to help manage and streamline African migration to Europe. EU aid and development Commissioner Louis Michel told an Africa-Europe migration conference that the moveme
Israeli forces killed six Palestinians including four gunmen in raids in the Gaza Strip on Thursday while a 57-year-old woman holding an explosive device tried to blow herself up near soldiers.
The UN nuclear watchdog's board of governors on Thursday indefinitely blocked Iran's bid for technical aid for a reactor project over concerns it could be secretly used to yield bomb-grade plutonium.
South Korea Thursday reported a possible bird flu outbreak after 6,000 chickens on one farm died in three days - the first suspected cases since the country declared itself free of the disease last December.
Former Russian spy Alexander Litvinenko - poisoned in London three weeks ago - has taken a sudden turn for the worse and is now very seriously ill, the hospital treating him said on Thursday.
Muslim scholars in Southeast Asia urged governments on Thursday to provide Islamic schools with books on local history, culture and customs to check the growing influence of Arab radicalism.
The Netherlands began what is likely to be a long period of political uncertainty and economic inertia on Thursday after the Christian Democrats kept power in an election but failed to win a majority in parliament.
Tens of thousands of Lebanese paid tribute to assassinated Christian politician Pierre Gemayel on Thursday, turning his funeral in central Beirut into a display of defiance towards Syria and its Hezbollah allies.
Around 50 soldiers loyal to Congolese former rebel chief Jean-Pierre Bemba were withdrawn from Kinshasa on Thursday after President Joseph Kabila gave an ultimatum for Bemba's forces to be removed from the city.