Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (September 06, 2008).
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
Spot basis bids for soyabeans and corn held steady at most processors and elevators around the US Midwest on Friday, grain dealers said. Farmer selling was light on Friday. Most growers already have sold most of their old crop supplies, a northern Ohio de
Prices maintained a firm look on the cotton market on Saturday as mills were still active after the fresh rain in the cotton belt, dealers said. The official spot rate was unchanged at Rs 4125, they said. Phutti prices in Sindh were unchanged at Rs 1900-1
Firm trend was again witnessed on the grain market on Saturday as most of the buyers were on the sideline, exchanging views over the presidential elections, dealers said.
Brazil exported 1.89 million 60-kg bags of green coffee in August, down 3.3 percent from 1.95 million bags in the same month a year ago, the Council of Green Coffee Exporters (Cecafe) said on Friday. Brazil shipped 1.79 million bags of green coffee in Jul
The Karachi Port handled 96,046 tonnes of cargo including 68,129 tonnes of import, 27,917 tonnes of export cargo and 2,859 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
The lineup of vessels waiting to load sugar in Brazilian ports rose to 47 ships this week, from 42 a week ago, shipping agent Williams said on Friday. In a report, Williams said 39 vessels were lined up in the southern port of Santos, up from 34 a week ag
Hard red winter wheat futures on the Kansas City Board of Trade ended sharply lower on Friday as a follower of sinking soyabean futures and under pressure from continued strength in the US dollar. The December closed down 24 cents, or 2.9 percent, at $7.9
US wheat futures closed lower on Friday, with spot prices on the Chicago Board of Trade falling to the lowest level in a year as long liquidation pressured the commodities sector, traders said. The Reuters-Jeffrey's CRB index of 19 commodity prices fell t
Indian sugar futures fell for a third session on Friday as a jump in supplies pushed down prices in the physical market. At 2:54 pm (0924 GMT), the September contract was down 1.68 percent at 1,698 rupees ($38.1) per 100 kg, while October futures had fall
The price of copper fell to a seven-month low below $3.10 a lb in New York futures trade on Friday after a huge jump in supply of the red metal in London warehouses reinforced investors' fears of a demand slowdown, analysts said.
US gold settled barely lower on Friday, after strengthening for most of the day and again after hours, when participants bought the yellow metal as a safe-haven response to gloomy jobs data and in reaction to the dollar, which swung lower, then back to ev
Malaysian crude palm oil futures are rise about 18 percent to 2,900 ringgit ($844.5) per tonne by December on strong demand and lower output yields, top industry analyst Thomas Mielke said on Wednesday. The price of the reddish-brown vegetable oil slid ab
The Australian wool market finished 0.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 5 Australian cents (0.6 percent), ending the week at 855 Aust cents a kg.
Raw sugar futures ended lower on Friday in another session dominated by switch trade as players transferred positions out of the spot contract since it is due to go off the board this month, brokers said. The October raw sugar contract eased 0.11 cent to
The Chicago Board of Trade is ready to put proposed changes to its wheat futures contract, a world benchmark for wheat pricing, into effect quickly so the contract's performance as a tool for commercial hedging will return to normal, a top exchange offici
US soybean futures on the Chicago Board of Trade sank to a five-month low on Friday on follow-through weakness due to falling crude, a firm dollar and beneficial Midwest rains for filling soy, traders said. "We went up on solid demand and rising outside m
Thailand's soybean imports are forecast to grow almost 6 percent this year, as edible oil consumption rose after a farm strike in Argentina hit soymeal supplies, a Thai industry official said on Friday.
Crude oil prices plunged this week as Hurricane Gustav spared US energy facilities in the Gulf of Mexico, traders said. Commodities futures, notably oil and metals, were also pushed lower by a strong dollar and concerns about falling demand for raw materi
Latvia's government needs to aim for a balanced budget next year, rather than a deficit, or it will damage the economy in the long-term and hurt the country's reputation among investors, the central bank said on Saturday.
The head of a food processing firm apologised Saturday for selling imported pesticide-tainted rice to snack makers and admitted ordering company employees to go ahead with the sales. Mitsuo Fuyuki, president of Mikasa Foods, said it was unclear if the ric
Surprisingly dismal data on US employment on Friday heightened fears of a full-blown recession and strengthened the case Democrats are making for further government stimulus to cushion the blow just two months before US elections. The US jobless rate jump
Alitalia's adviser will soon present its rescue plan for the airline to British Airways, considered by Italy as a possible foreign partner for the bankrupt airline, an executive told a newspaper. "Soon we will present the plan to British Airways as well,"
Talks to end violent protests over a factory in eastern India to manufacture the world's cheapest car ended Saturday with no breakthrough. But West Bengal's opposition Trinamool Congress party, which has been spearheading opposition to the plant, was hope
The vote of the European Union's second highest court last year to uphold a European Commission ruling against Microsoft Corp came on a 7-6 vote, Bloomberg news reported on Friday. The Court of First Instance never announces its votes, but Bloomberg said
A US judge ruled on Friday that Vallejo, California, was insolvent when it filed a bankruptcy petition in May, siding with the city's bid to seek protection from creditors while aiming to restructure its debts in bankruptcy court.
Iran's oil minister said a continued fall in crude prices would harm producers, the Oil Ministry website Shana reported on Saturday, three days before Opec ministers are due to meet in Vienna. Gholamhossein Nozari also said Iran, the world's fourth-larges
US President George W. Bush on Saturday urged the US Congress held by his Democratic foes to back free trade agreements with South Korea and Colombia and clear the way for more oil drilling. In his weekly radio address, Bush noted that lawmakers were retu
The national committee of Germany's industrial IG Metall union plans to demand a pay increase of at least 7.5 percent in the forthcoming wage round, a German magazine reported on Saturday. Der Spiegel magazine said the national board of IG Metall would fo
The conflict between Georgia and Russia requires a rethink of a planned pipeline which will pump Russian gas under the Baltic Sea to Germany, Polish Prime Minister Donald Tusk told a German newspaper on Saturday. European countries should not boost their
The European Central Bank's president said on Saturday he expected the euro zone's economy to begin to recover next year. "In the second and third quarters (of this year) we will have hit bottom," Jean-Claude Trichet said in an interview with Italian stat
Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer after two days of emergency talks. At midnight, a crowd of more than 100 employees gathered near the entrance of Boeing's
The economic downturn in Britain is "nowhere near" as bad as the early 1990s recession, but the government must do more to help if it is to stand any chance of staying in power, the Trades Union Congress said on Saturday. Britain's unions descend on the s
Chinese bond yields fell and the curve steepened on Friday after a strong auction of one-year government bonds. The finance ministry sold 24 billion yuan ($3.5 billion) of one-year government bonds on Friday at a yield of 3.34 percent, near the low end of
Chinese bond yields fell and the curve steepened on Friday after a strong auction of one-year government bonds. The finance ministry sold 24 billion yuan ($3.5 billion) of one-year government bonds on Friday at a yield of 3.34 percent, near the low end of
Renewed concerns about a global economic slowdown knocked emerging markets assets down on Friday, driving stocks lower for the sixth consecutive session and sending a key gauge of risk aversion to levels not seen in more than three years.
Renewed concerns about a global economic slowdown knocked emerging markets assets down on Friday, driving stocks lower for the sixth consecutive session and sending a key gauge of risk aversion to levels not seen in more than three years.
US corporate bond spreads widened slightly on Friday while the cost of insuring corporate debt fell as investors digested the August jobs report, showing the economy shedding jobs at a faster-than-expected pace.
US corporate bond spreads widened slightly on Friday while the cost of insuring corporate debt fell as investors digested the August jobs report, showing the economy shedding jobs at a faster-than-expected pace.
The Toronto Stock Exchange's main index just managed to end on the plus side on Friday, following a sharp three-day losing streak, as gains by resource and consumer issues offset worries over the outlook for the global economy.
Offshore investors see Australian stocks as attractive as valuations on financial services and mid-cap resource firms fall and as a weaker Australian dollar makes assets cheaper, Merrill Lynch's chief executive in the country said on Thursday.
With the market for initial public offerings as tight as it's been in years, investors are paying closer attention to how companies plan to use the proceeds. In particular, they want to see companies use at least part of the money on the company itself an
Japanese government bond futures soared more than a full point on Friday to a five-month high, with investors dumping risky positions in stocks and shifting funds into safe-haven debt. The Nikkei average lost 2.8 percent to finish at a 5-1/2-month low as
Japanese government bond futures soared more than a full point on Friday to a five-month high, with investors dumping risky positions in stocks and shifting funds into safe-haven debt. The Nikkei average lost 2.8 percent to finish at a 5-1/2-month low as
Argentine stocks hovered at their lowest since October 2006 on Friday, and bonds also lost ground, hit by a global sell-off in emerging markets. The MerVal index shed 0.93 percent to 1,678.74, shedding 4.52 percent over the last two sessions. Volume was a
Chile's stocks closed weaker on Friday. The blue chip IPSA index fell 0.85 percent to 2,771 points after falling 1.71 percent on Thursday, tracking other foreign markets lower after news the US unemployment rate soared to a five-year high of 6.1 percent i
US Treasury debt prices fell sharply late on Friday after The Wall Street Journal reported the Treasury was close to finalising a plan to support government-sponsored home finance companies Fannie Mae and Freddie Mac. The move in bond prices was likely ex
US Treasury debt prices fell sharply late on Friday after The Wall Street Journal reported the Treasury was close to finalising a plan to support government-sponsored home finance companies Fannie Mae and Freddie Mac. The move in bond prices was likely ex
The Canadian bond prices were mixed on Friday in volatile trading as stock markets rallied late in the session, causing the bond market to unwind a safe-haven bid. The Canadian job numbers also played a role in the mixed results, as they lessened the like
The Canadian bond prices were mixed on Friday in volatile trading as stock markets rallied late in the session, causing the bond market to unwind a safe-haven bid. The Canadian job numbers also played a role in the mixed results, as they lessened the like
Brazilian stocks broke a five-day losing streak on Friday, as a rebound on Wall Street inspired late buying and lifted some of the gloom caused by weak commodity prices and global recession worries. The Bovespa index of the Sao Paulo Stock Exchange ended
The broader US stock market edged higher on Friday, but still posted its worst week since May, as a rally in financial stocks helped reverse losses sparked by a government report showing the US jobless rate rose to a five-year high.
The US dollar is expected to gain in the week ahead as investors remain focused on the outlook for steady US interest rates while other regions are expected to begin cutting rates. The expectation for stable US rates among currency investors remains in pl
The won ended the local session up 1 percent against the dollar on Friday, or 2.2 percent above a session low, after reports of repeated dollar-selling intervention by the South Korean authorities. The won ended the session at 1,117.8 per dollar, compared
The US dollar edged higher versus the euro on Friday but retreated from 11-month highs after government data showed the US economy lost jobs for the eighth straight month and the unemployment rate jumped. The ongoing weakness in the US labour market cast
Currency speculators pared back their long positions in the US dollar, according to the latest weekly data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position slipped to $15.87 billion in the week to Sep
Kenya's shilling firmed against the dollar on Friday as dollar sellers cashed in on six month lows and dealers said it could gain more ground. The commercial banks quoted the unit at 69.95/70.05 against the dollar compared to Thursday's close of 70.40/50.
The Taiwan dollar weakened to a 6-1/2 month low on Friday due to foreign fund outflows as the stock market fell steeply, although the central bank and exporters bought the currency. The Taiwan dollar dipped as low as T$31.908 to the US dollar shortly afte
A second-half double by Shane Smeltz lifted New Zealand to a 3-1 victory over New Caledonia here Saturday to put them on the verge of qualifying for the 2010 World Cup. New Zealand must now play the fifth-ranked Asian nation in a home-and-away series, wit
World No 2 Jelena Jankovic advanced to her first Grand Slam final by defeating Elena Dementieva 6-4, 6-4 at the US Open on Saturday, setting up a showdown with two-time winner Serena Williams. "I have tears in my eyes," said an emotional Jankovic. "I have
Bangladesh's batsmen again failed as they fell to another demoralising defeat in their one-day series against Australia at the TIO Stadium here on Saturday. After the tourists fielded well to restrict Australia to 198 for five from their 50 overs, they we
Grand Slam semi-final debutante Andy Murray is playing the best tennis of his career at the US Open and could be poised to capture Britain's first men's Grand Slam title in the 40-year Open era.
The US presidential race was shaping up as a battle over whether a strong character trumps solid policies Saturday as John McCain attacked his Democratic rival as too weak and Barack Obama worked to refocus voters on the issues.
World championship leader Lewis Hamilton oozed confidence after he secured pole position for the Belgian Grand Prix with a dazzling lap in Saturday's qualifying session.
Former Swedish tennis star Mats Wilander says he doubts Switzerland's Roger Federer will ever reclaim world number one spot from Spanish rival Rafael Nadal who usurped him last month. "I do not believe Federer will be world number one again," Wilander tol
An Afghan provincial governor for eastern Nuristan province died along with his two bodyguards when their car swerved off the road and plunged into a ravine en route to Kabul, a provincial official said Saturday.
Hurricane Ike menaced Cuba and the Gulf of Mexico as a potentially ferocious storm while Tropical Storm Hanna began a rain-swept march up the US Atlantic coast after barrelling ashore on Saturday in the Carolinas. The densely populated Miami-Fort Lauderda
Russian President Dmitry Medvedev on Saturday accused the United States of rearming Georgia under the guise of humanitarian aid, following the arrival of a US Navy flagship in the Georgian port of Poti. "The rearming of the Georgian regime is continuing,
The United States will take North Korea off its terror list "immediately" if it can agree a way to verify its nuclear facilities, top envoy Christopher Hill said Saturday. The renewed pledge followed a flurry of meetings here after North Korea said it had
Thirty-one people were killed and 23 injured when a massive rockslide hit a crowded Cairo shanty town on Saturday, sending rocks and boulders crashing down on dozens of houses, security and medical sources said. Tumbling rocks destroyed many buildings in
Chief Minister NWFP has granted 60 days special remission to all the convicted prisoners languishing in the jails of the province except those convicted under NAB Ordinance, murder, espionage, subversion, anti-state activities.
Presidential election shook the pro-Musharraf party, Pakistan Muslim League (Q) and it fell like a dry leaf despite tall claims, as its parliamentarians revolted against it. The result of presidential election was certainly against expectations of PML-Q l
The Punjab government has planned to hold a 'SME Business Conference' after Eidul Fitr in a bid to attract the potential investors wanted to work in the province. This was stated by CM's Task Force on SMEs Chairman Yawar Irfan Khan here on Saturday.
Sindh Minister for Livestock Abdul Haq alias Dost Muhammad Bhurt has said that the election of Asif Ali Zardari as president of Pakistan is in fact the victory of democracy. In a statement issued here he congratulated the people of Pakistan on the victory
The Federal Board of Revenue (FBR) has further extended the date, up to September 10, 2008, for online submission of sales tax and federal excise duty returns for the tax period July 2008, up to September 10, 2008. The FBR issued sales tax circular 08/200
In the polling for presidential election that commenced in the Punjab Assembly 10am and went unabated till 3pm on Saturday, the two leading parties of the country PML-N and PPP multiplied in their original strength of votes by polling 201 votes for PML-N
An overwhelming majority of 162 members of Sindh Assembly on Saturday voted for Pakistan People's Party (PPP) co-chairman Asif Ali Zardari in the presidential election. Other two candidates, Mushahid Hussain and Saeed-uz-Zaman Siddiqui could not secure a
The Chief Justice of the Lahore High Court (LHC) Syed Zahid Hussain posted two judicial officers against existing vacancies. According to a notification issued here Chief Justice posted Misbah Khan as senior civil judge at Khushab and Aziz Ullah Kallue as