Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (February 06, 2010).
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 21st century with its charms and challenges has begun and nations that have better human capital and technological advancement in terms of education are destined to lead the world. If Pakistan aspires to successfully complete in the global knowledge-b
Hard red winter wheat basis bids in the US Plains were steady to higher on Friday amid slow farmer selling and improved demand at some locations. Snow cover protecting the dormant crop and rains boosting soil moisture. Basis bids were higher in Catoosa, O
Bangladesh has imported more than 25 percent more palm oil in 2009 compared with the year earlier, despite soaring prices, a senior official in the sector said. The country last year imported more than 1.02 million tonnes of palm oil which included crude
Lacklustre condition was seen on the cotton market on Saturday as commercial centres kept the shutters down due to strike to mourn the killing of 25 people in two separate bomb explosions on Friday, dealers said. The Karachi Cotton Association (KCA) did n
The local wholesale grain and oilseed markets were closed on Saturday due to peaceful strike three-day mourning as 25 people were killed in two separate bomb blasts in Karachi on Friday. On Friday the grain market was also closed due to Kashmir Day and Ch
Argentina's soya crushing fell 8 percent last year from 2008 to 29.1 million tonnes as a smaller harvest hit oil and meal output, according to the latest figures compiled by industry group CIARA-CEC. Argentina is the world's top supplier of soyaoil and so
US wheat futures fell on Friday as a firm US dollar and weak crude oil market weighed on prices amid plentiful global supplies, traders said. The benchmark Chicago Board of Trade soft red winter wheat contract fell 2-1/2 cents to $4.73-1/4 a bushel. Funds
Dry weather over the past week has favoured the harvest of Brazil's record soyabean crop, but more widespread rains are due over the weekend and early next week, Somar predicted Friday. The main soya producing states have been getting above-average rainfa
Tanzanian coffee prices hit the highest levels of the season this week with demand for the crop far outstripping supply, traders said on Friday. State-run Tanzania Coffee Board said 4,579 60-kg bags were offered for sale, with 4,147 bags sold. At the last
ICE Canadian canola futures ended lower on Friday, weighed down by a stronger Canadian dollar and confirmation of relatively large canola stocks, traders said. Canada canola stocks 8.8 million tonnes on December 31, down 4.3 percent from year earlier but
The Karachi Port handled 262,451 tonnes of cargo including 156,552 tonnes of import cargo; 105,899 tonnes of export cargo and 4,577 loaded and empty containers during last 48 hours ended at 0700 hours on Saturday. The total import cargo of 156,552 tonnes
US soyabean export premiums at the Gulf of Mexico were flat on Friday amid a seasonal slowdown in demand as importers increasingly shop for soyabeans in South America, where prices are sinking, traders said. Soyabean export premiums steady in the week, un
China is likely to export 200,000-300,000 tonnes of white sugar to Southeast Asia in the current marketing year to take advantage of higher international sugar prices, a senior industry official said on Thursday. China's sugar output is likely to fall bel
US copper futures ended down for the third straight day on Friday, hitting their lowest levels since mid-October, as concerns over euro zone fiscal problems drove further sales of assets perceived as risky. Benchmark copper for March delivery slipped 2.15
US gold futures fell to their lowest in more than three months on Friday, ending the week 2 percent lower, as economic uncertainties led to heavy selling in gold and other investments perceived as riskier. April settles down $10.20 at $1,052.80 an ounce o
Sugar market bears hoping prices above 30 US cents will melt demand from Asia could be disappointed as dwindling stocks on shrunken domestic crops will force India, Indonesia, Pakistan and others to buy the sweetener regardless. Several consumers in Asia,
US soyabean futures on the Chicago Board of Trade closed modestly lower on Friday, pressured by a firmer dollar, weaker crude oil and expectations of large South American crops, traders said. However, trade was choppy and prices moved higher at times on i
Bangladesh's state grains buyer will tender next week to buy 100,000 tonnes of wheat to replenish food reserves, a senior official said on Friday. "We are going to issue a tender to buy 100,000 tonnes of wheat next week and will issue tenders regularly to
Raw sugar futures finished at a six-week low Friday as fears over the global economy deflated the sweetener to scupper, for now, a rally which catapulted the sweetener this week to a 29-year top, analysts said. The March raw sugar contract sank 1.47 cents
US soybean and corn futures edged higher on Friday, extending gains as short covering supported the market following declines to four-month lows earlier this week. The gains came despite a drop in Asian stock markets on jitters about the state of some Eur
US cocoa futures swooned to close at a five-month low Friday, hammered by fund selling, commodity-wide pressure and the weak sterling, traders said. Benchmark May tumbled $124, or 4 percent, to close at $3,001 per tonne, the lowest settlement for the seco
Commodity prices slumped last week as confidence in the global economy was shaken by growing fears about soaring European debt and weaker-than-expected US jobs data. "Commodity markets continue to be held hostage by volatile external markets, dollar fluct
Facebook is taking full control of display ads on the world's No 1 social networking website, cutting short an exclusive deal that had allowed Microsoft Corp to manage part of that business. However, Microsoft - the exclusive provider of Web search on Fac
Anglo-Australian miner Rio Tinto in 2008 considered selling state-owned Chinalco a 19.9 percent stake in its iron ore operations under a mammoth 40 billion dollar (35 billion US) tie-up, a report said Saturday. The deal was drafted just weeks before rival
Spanish government proposals for labour reform, vital for reassuring investors that it can avoid a Greek-style budget crisis, got a tepid reception at home on Saturday after a pensions blueprint also fell flat. Commentators called the labour plan weak for
Despite the economic crisis, 2009 ended better than it began for the French luxury goods sector, thanks largely to China's growing taste for high-end products, encouraging thoughts of a better 2010. Following the trend set by other global luxury brands, H
Dexia SA, the world's biggest lender to local authorities, will shrink by over a third under a deal reached with the European Commission over billions of euros in state help from the French and Belgian governments, the bank said Saturday.
Dexia SA, the world's biggest lender to local authorities, will shrink by over a third under a deal reached with the European Commission over billions of euros in state help from the French and Belgian governments, the bank said Saturday.
US National Security Advisor James Jones Saturday appealed to the European parliament not to block a deal allowing a transatlantic exchange of data considered vital to combat terror financing. "This programme has safeguards. It protects privacy. It has pr
Iran's oil minister announced on Saturday the discoveries of an oil field and a gas field, estimating the total value of their reserves at $85 billion, a semi-official news agency reported. Massoud Mirkazemi said the newly-discovered oil field called Soum
A small Minnesota bank was seized by regulators on Friday, bringing the tally of failed US banks this year to 16 so far. The Federal Deposit Insurance Corp said 1st American State Bank of Minnesota had about $18.2 million in assets. Community Development
India's farm output in 2009/10 will be higher than initial estimates, raising prospects that food inflation, which has soared in recent months, will soon be controlled, Prime Minister Manmohan Singh said on Saturday. Singh also said India was likely to gr
Japan's government has confirmed five new accidents involving possible brake malfunction in Toyota Prius hybrids and will urge the troubled carmaker to investigate, national media reported Saturday. The transport ministry has received about 80 complaints
Australia's Resourcehouse said on Saturday it had secured a deal worth $60 billion to supply coal to Chinese power stations over a 20-year period, calling it Australia's largest ever export contract. Company Chairman Clive Palmer said that coal mined in Q
In a sign it is concerned about Main Street anger over bankers' compensation, Goldman Sachs Group Inc decided to give its CEO Lloyd Blankfein and other top executives lower bonuses than many had expected. Goldman, which reported a record profit for 2009,
German Chancellor Angela Merkel called for a "new definition" of economic growth on Saturday, ahead of informal talks next week on the European Union's (EU) economic strategy to the year 2020."We need to learn to redefine the concept of growth for the 21s
Vietnam has filed its first case over anti-dumping measures under World Trade Organisation rules since joining the body three years ago, official media reported. Vietnam brought the case against anti-dumping tariffs imposed by the United States on frozen
Dirk Kuyt's 50th goal for Liverpool gave Rafa Benitez's 10 men a 1-0 victory over Everton after Sotirios Kyrgiakos's first Merseyside derby ended with the Greek defender being sent off at Anfield on Saturday. In a hotly contested match, Kyrgiakos became t
Nigeria have sacked coach Shaibu Amodu following their third place finish at the African Nations Cup and have begun the search to replace him with the World Cup finals just four months away. Amodu had been given official backing in Angola during the Natio
Two more matches were decided in the 12th National Seniors Cricket Cup on Saturday. In the first match Ali Garh Seniors beat Bhakkar Seniors by 10 wickets in Group-G match at Model Town Lahore. In the second match Sahiwal Seniors clinched Group-C match be
Sargodha joined Sahiwal in Super Six of PFF Youth U-14 Cup when they outclassed Islamabad on Saturday. Sargodha, which won all their two matches in league, continued their firework and inflicted 3-0 win over Islamabad White. Their hero was winger Asim who
Jacques Kallis and Hashim Amla slammed unbeaten centuries to help South Africa seize the momentum on the opening day of the first Test against India on Saturday. Kallis scored 159 and Amla made 115 as the tourists recovered from a shaky 6-2 to reach 291-2
Thousands of people took to the streets of Lome on Saturday to protest against their national football team being banned from the next two editions of the African Cup of Nations. Organisers and press reports said between 25,000 and 50,000 demonstrated in
Frenc-hman Stephane Robert reached his first ATP final in a 10-year professional career with a shock 7-5, 6-4 win against Spaniard David Ferrer in the South African Open Saturday. After battling through three rounds, the 29-year-old eighth seed from Monta
President Asif Ali Zardari will not only invite and honour the Pakistan hockey team at presidency but also give cash awards, if the team returns home with World Cup Hockey title, said Pakistan People's Party (PPP) Secretary General Jehangir Bader.
Pakistan's selection panel Saturday announced an 18-man hockey squad to compete in the World Cup, which starts in India later this month. The four-time world and three-time Olympic champions have not won a major title since their World Cup win in Australi
As investors regained some risk appetite, Canadian government bond prices turned lower across the curve on Friday, following the US jobs data. "If we continue to see the equity markets bounce, we should see bond prices stay under pressure and bond yields
As investors regained some risk appetite, Canadian government bond prices turned lower across the curve on Friday, following the US jobs data. "If we continue to see the equity markets bounce, we should see bond prices stay under pressure and bond yields
Indian federal bond yields were unable to sustain an early fall on Friday, paring the move on weaker-than-expected demand at a bond auction and on uncertainty over the government's borrowing needs for 2010/11. The yield on the benchmark 10-year bond ended
Indian federal bond yields were unable to sustain an early fall on Friday, paring the move on weaker-than-expected demand at a bond auction and on uncertainty over the government's borrowing needs for 2010/11. The yield on the benchmark 10-year bond ended
The health of the US jobs market and the ebb and flow of sovereign risk concerns will be the key drivers for the bond market on Friday in what could be a volatile trading session. Any job growth, especially if stronger than the Reuters consensus forecast
The health of the US jobs market and the ebb and flow of sovereign risk concerns will be the key drivers for the bond market on Friday in what could be a volatile trading session. Any job growth, especially if stronger than the Reuters consensus forecast
Turkish stocks and the lira on Friday slumped to their weakest levels this year as frustration that a stand-by deal between Ankara and the IMF is still not forthcoming was compounded by market jitters world-wide. The lira weakened to the dollar for a seco
Toronto's main stock market index fought its way to a higher close on Friday, pushed up by Barrick Gold and other heavyweight gold miners, after touching a three-month low earlier in the day. Barrick led big names on the upside, climbing 5.5 percent to C$
US corporate bond spreads widened on Friday as investors turned away from riskier assets amid worries over sovereign debt problems in Europe and after US jobs data pointed to a slow economic recovery. The costs to insure corporate bonds against the risk o
US corporate bond spreads widened on Friday as investors turned away from riskier assets amid worries over sovereign debt problems in Europe and after US jobs data pointed to a slow economic recovery. The costs to insure corporate bonds against the risk o
US Treasuries rose on Friday, with the 30-year bond gaining more than a point, as stocks fell and a weaker-than-expected payrolls report kept inflation concerns at bay. Persistent fears over a possible default by Greece and other debt-laden European natio
US Treasuries rose on Friday, with the 30-year bond gaining more than a point, as stocks fell and a weaker-than-expected payrolls report kept inflation concerns at bay. Persistent fears over a possible default by Greece and other debt-laden European natio
Mexican stocks and the peso currency ended near flat on Friday, reversing losses triggered by weak US jobs data and worries about the health of the euro zone's weakest economies. The peso edged up 0.02 percent to 13.1575 per dollar, while the IPC stock in
Chile's benchmark share index tumbled in volatile trade on Friday, dragged lower by euro zone sovereign debt worries, while the peso rose 1 percent on better-than-expected December growth data. Chile's IPSA blue chip share index shed 2.06 percent in volat
Brazilian stocks notched their lowest close in more than three months on Friday, as fears about the health of the euro zone gripped markets world-wide. Riskier assets, including stocks, got dumped as European policy makers scrambled to reassure markets ab
Latin American markets, which made huge gains in the last 11-months, suffered a day of selling on Friday as investors pulled cash out of stocks, bonds and currencies on fears over select European sovereign risks. US jobs data, a key proxy for global econo
Latin American markets, which made huge gains in the last 11-months, suffered a day of selling on Friday as investors pulled cash out of stocks, bonds and currencies on fears over select European sovereign risks. US jobs data, a key proxy for global econo
US stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labour market data and growing anxiety over fiscal problems in Europe. Major indexes turned positive heading into the close,
The Canadian dollar shot higher against the US currency on Friday, as US equities bounced and investors took profits from a recent rally in the greenback following fairly positive US jobs data. US payrolls unexpectedly fell in January, but the unemploymen
Currency speculators increased bets for further gains on the US dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position rose to $5.84 billion in the week ending Febr
The US dollar and yen gained on Friday as persistent worries about the euro zone's fiscal stability pushed investors further away from risky assets and sent the euro to an 8-1/2 month low against the greenback. The cost of insuring the debt of Greece, Por
The Kenyan shilling is expected to trade in a narrow range against the dollar in the next week to Wednesday, while the Ugandan and Tanzanian currencies are seen weakening, traders said.
Assailed by doubts about record US deficits and its future status just months ago, the dollar has since been anointed the best of a bad bunch and is set to extend gains, especially against the euro, in the week ahead. The euro lost 1.5 percent of its valu
Cambodia has accused Internet giant Google of being "professionally irresponsible" over its map of an ancient temple at the centre of a border dispute with Thailand, a letter seen by AFP Saturday showed.
The brother of the leader of Yemen's Houthi rebels was sentenced in absentia to 15 years in jail on Saturday, as Yemeni forces said they killed eleven members of the group. Yahya al-Houthi, a parliamentarian who has been based in Germany since leaving Yem
Sri Lankan president Mahinda Rajapaksa left on Saturday for Moscow, where he will sign a $300 million loan to buy military equipment from Russia, despite an end to his country's quarter-century civil war. Sri Lanka defeated the Liberation Tigers of Tamil
South African President Jacob Zuma apologised on Saturday for fathering an illegitimate child, in the face of national outcry. Critics say Zuma, a Zulu traditionalist who practises polygamy and currently has three wives and 20 children including the baby
German officials hunting tax evaders are negotiating to buy Swiss bank account data from a whistleblower in France, a magazine reported on Saturday, after Berlin declared that banking secrecy was finished. Munich-based Focus magazine said tax authorities
The anti-whaling ship the Bob Barker and a Japanese harpoon boat collided Saturday in the icy waters off Antarctica - the second major clash this year in the increasingly aggressive confrontations between conservationists and the whaling fleet.
A Libyan judge on Saturday fined one of two Swiss businessmen whose convictions for breaking immigration rules have already strained diplomatic links between Libya and Switzerland, their lawyer said. The cases of Max Goeldi and Rachid Hamdani have also un
A giant steel float that will be part of a "floating island" in Seoul boasting off-shore entertainment facilities began a snails-paced trip towards the city's Han River Saturday. The football-field-sized structure, resembling the hull of a cargo ship, mov
President Barack Obama on Friday paid tribute to seven CIA officers killed in a suicide attack in Afghanistan, hailing them as "patriots" at a rare memorial service at the spy agency's headquarters. In a break with tradition for the secretive Central Inte
Two Americans were killed when their helicopter, which was participating in aid and recovery operations in earthquake-hit Haiti, crashed in the Dominican Republic, aviation authorities said on Friday. The US-registered helicopter hit a mountain and burst
Former US president Bill Clinton pledged Friday to try to get aid flowing here as he was met by angry Haitians protesting the slow arrival of help since last month's quake. Clinton said he was sorry that the aid efforts had been so slow, adding he also wa