The rupee fluctuated slightly in terms of dollar and euro on the currency market on Saturday, dealers said. The rupee gained eight paisa against dollar for buying at 85.48 and rose by six paisa for selling at 85.54, they said.
The rupee fluctuated slightly in terms of dollar and euro on the currency market on Saturday, dealers said. The rupee gained eight paisa against dollar for buying at 85.48 and rose by six paisa for selling at 85.54, they said.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 15, 2011).
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
Brazil's main coffee state Minas Gerais has been receiving plentiful rain during the week which growers said was helpful to the developing crop, while showers were regular in the main sugarcane state Sao Paulo. Showers in Minas, which grows half of the co
Contracts were mixed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The January vaida that had closed higher at Rs 1252.90 opened with a gain of 30 paisa to Rs 1253.20. The March vaida which also ended at Rs 1250
Rates came down on the cotton market on Saturday as mills kept on the sidelines to observe latest development after sharp fall in NY cotton futures and imposition of the withholding tax on the agriculture products, dealers said. The Karachi Cotton Associa
Grams prices fluctuated on the wholesales grain and seed market on Saturday in process of slow trading, dealers said. On the grams side, grams Australian was down by Rs 50 to Rs 5200-5400. Grams dal Australia followed the same path losing same amount to R
South African sugar producers expect to have a better April 2011-March 2012 season due to good rains, after drought weighed on output the previous season, a senior industry official said. Last year's drought in South Africa's rain-dependent sugar-growing
The Philippines, the world's biggest rice buyer in recent years, did not finalise its 2011 rice import plans at a meeting on Friday, but the head of the state grain agency said purchases are unlikely to exceed 1 million tonnes. Angelito Banayo, administra
Corn and soyabean spot basis bids were mostly steady to lower around the US Midwest on Friday, pressured by rising futures and scattered farmer sales of each commodity, grain merchants said. Steady trickle of sales seen around the Corn Belt as farmers con
The Karachi Port handled 96,529 tonnes of cargo including 73,581 tonnes of import cargo, 22,948 tonnes of export cargo, 3,385 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 73,581 tonnes compris
India's annual vegetable oil imports in December fell 4.4 percent on high global prices, a trade body said on Friday, but monthly imports rose as buyers stepped up purchases ahead of Indonesia's export tax hike. Traders had expected an 8.0-percent fall in
Bangladesh will import 900,000 tonnes of rice to boost its stocks to 1.2 million tonnes in the fiscal year ending June 2011, Food and Disaster Minister Abdur Razzaque said on Friday. Rice is the main staple of a population of more than 150 million, around
Turkmenistan and the European Union will explore ways to deliver natural gas from the world's fourth-largest reserves across the Caspian Sea, political leaders said on Saturday, stopping short of inking supply deals.
US securities regulators proposed technical rules on Friday laying out standards for how swap dealers and major traders document their over-the-counter derivatives transactions with their customers. The proposal by the Securities and Exchange Commission i
US authorities closed a small Georgia bank on Friday, bringing the total number of failures in 2011 to three. In 2010, 157 banks failed following 140 failures in 2009. The bulk of the more recent failures have been smaller institutions, each with less tha
The US central bank wants banks to be careful about raising dividends even as the economy improves, Federal Reserve Governor Daniel Tarullo said on Friday . "We are going to proceed in a conservative fashion," he said in an interview on CNBC television. "
China should promote the internationalisation of the yuan in a process that could take 15 to 20 years, the head of China's social security fund was quoted as saying on Saturday. The official Xinhua news agency quoted Dai Xianglong, chairman of China's Nat
US-China relations are at a critical juncture and a summit between their leaders next week must produce "real action, on real issues" such as trade, climate change and North Korean nuclear proliferation, US Secretary of State Hillary Clinton said on Frida
Toyota Motor will consider shifting factories overseas if the yen stays high and puts pressure on its profits, the company president said. "We do not wish to relocate production sites because of currencies and foreign exchange alone," Akio Toyoda said in
The Chinese economy grew around 10.1 percent last year, the deputy head of China's top economic planning agency told Reuters on Saturday, which amounts to the fastest pace of annual growth in three years. Zhang Xiaoqiang, vice chairman of the National Dev
Citibank said on Saturday it had begun the process of working towards fair compensation for customers affected by an alleged employee fraud at its branch in Gurgaon, India. The bank said the process of compensation will happen over a period of time and th
The recapitalisation of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing on Friday about how soon that might happen, with at least one
The recapitalisation of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing on Friday about how soon that might happen, with at least one
BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies.
BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies.
The International Monetary Fund revised on Saturday its forecast for Rwanda's economic growth to 6.5 percent in 2010, from a previous 5.4 percent, and said it expected another 6.5 percent expansion this year. "Real GDP growth is projected at 6.5-7.0 perce
German Chancellor Angela Merkel said on Saturday any measure to stabilise the euro should come within a complete strategic package, dampening hopes for a quick decision on moves to tackle the eurozone debt crisis. Germany faces mounting pressure from the
The head of the European Central Bank rejected Saturday criticisms of the euro by some Germans, telling a mass- circulation newspaper that the euro was a more stable currency than Germany's old Deutschmark. "In the past 12 years, the average rate of price
South Korean treasury prices rose across the board on Wednesday, pricing in market expectations that the Bank of Korea would keep interest rates on hold for a second month. The latest set of data added to optimism of a solid recovery in Asia's fourth-larg
South Korean treasury prices rose across the board on Wednesday, pricing in market expectations that the Bank of Korea would keep interest rates on hold for a second month. The latest set of data added to optimism of a solid recovery in Asia's fourth-larg
Indian federal bond yields ended sharply higher on Friday as fears of a rate hike by the central bank heightened after inflation remained sticky in December and buying interest from foreign institutional investors faded. India's headline inflation acceler
Indian federal bond yields ended sharply higher on Friday as fears of a rate hike by the central bank heightened after inflation remained sticky in December and buying interest from foreign institutional investors faded. India's headline inflation acceler
Turkey's benchmark bond yield rose to 7.31 on Friday from 7.19 percent, after comments from the central bank governor increased bets the bank won't cut interest rates at its January 20 meeting. Governor Durmus Yilmaz said on Thursday Turkey's rising curre
Turkey's benchmark bond yield rose to 7.31 on Friday from 7.19 percent, after comments from the central bank governor increased bets the bank won't cut interest rates at its January 20 meeting. Governor Durmus Yilmaz said on Thursday Turkey's rising curre
Toronto's main stock index rallied to a session high at the close, powered by strength in financials, after optimism was boosted by unexpectedly strong earnings from J.P. Morgan. The heavily-weighted banking sector, up 1.76 percent, fully offset weakness
Private equity firms are finding that selling shares in a company they own is not exactly the same as exiting the investment. Traditionally, private equity firms sell companies they own to public investors through an initial public offering. After the IPO
Latvia's state treasury sold all 20 million lats ($36.97 million) of six-month and 12-month T bills on offer on Wednesday, but yields rose, the stock exchange said. The treasury offered 10 million lats of six-month and 10 million lats of debt maturing in
Latvia's state treasury sold all 20 million lats ($36.97 million) of six-month and 12-month T bills on offer on Wednesday, but yields rose, the stock exchange said. The treasury offered 10 million lats of six-month and 10 million lats of debt maturing in
US Treasury debt prices slipped on Friday as investors' increased tolerance for risk, evident in the stock market's gains, came at the expense of safe-haven US government debt. The S&P 500 stock market index was on track for its seventh straight week
US Treasury debt prices slipped on Friday as investors' increased tolerance for risk, evident in the stock market's gains, came at the expense of safe-haven US government debt. The S&P 500 stock market index was on track for its seventh straight week
The South African stocks inched to their fourth straight gain, renewing a 2-1/2-year high, with retailer Truworths advancing after it said it expects first-half profits to increase by as much as 20 percent while rand fell to its lowest in five weeks on Fr
The US government debt market should hold steady next week on views that the economy is growing at a moderate pace with the aid of monetary and fiscal stimuli, with little in the way of economic data that would alter that perception.
The US government debt market should hold steady next week on views that the economy is growing at a moderate pace with the aid of monetary and fiscal stimuli, with little in the way of economic data that would alter that perception.
Sri Lanka's bourse rose on Friday for a 12th straight day on heavy retail buying, hitting its highest level for more than three months, while the rupee closed flat in sluggish trade due to a shortened session. The island's main share index closed 0.15 per
Latin American stocks slipped on Friday on a rise in bank reserve requirements in China, a major consumer of the region's raw material exports. The MSCI Latin American stocks index moved down 0.68 percent, adding to losses in the previous session. Neverth
The S&P 500 ended a seventh straight week of gains with a banks-led rally amid healthy volume after encouraging financial results from J.P. Morgan. Strength in financial stocks helped offset economic reports that showed soft December retail sales and cons
Canada's dollar nudged lower against the greenback on Friday, pressured by bank tightening in China, but easing concerns about the euro zone debt crisis helped the commodity-linked currency recoup early losses. The euro was set for its best week in over a
Currency speculators slashed bets against the US dollar by nearly half in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position fell to $7.38 billion in the week ended January 11
Uganda's shilling looks set to plumb new record lows against the dollar over the next week due to soaring foreign exchange demand from the oil sector, while Kenya's unit should strengthen slightly.
Key euro-priced bank-to-bank lending rate jumped back above 1.0 percent on Friday, a day after the European Central Bank ratcheted up its rhetoric on inflation concerns in the euro zone. The ECB kept interest rates on hold at a record low of 1 percent on
The euro headed for its best week in more than 1-1/2 years on Friday and could extend gains next week after successful securities auctions by indebted euro zone members calmed fears of a credit crisis in the region.
Intellectual poverty is worst form of poverty as it leads nations towards deprivation, said Vice Chancellor of University of Faisalabad Professor Dr Iqrar Ahmad Khan addressing the participants of international symposium on sustainable rural development a
The Health Department is launching 12-day preventive campaign from Monday (17 January) against measles. During the campaign, medical teams would administer injections to the children of 6-month to 6-year of age, Executive District Officer (Health), Lahore
Punjab Education Foundation (PEF) has planned to provide free vocational training to 35,000 high school students in 29 districts through public-private partnership. This programme is aimed to provide skilled labour-force to industry. This was stated by Ch
The religious parties of the country will stage a show of strength in support of the Blasphemy Law in the Punjab capital on January 30 while the Jamaat-i-Islami will host an All Parties Conference on the issue on January 29 at Mansoora, the JI chief, Syed
Member of Parliament, Jamshed Khan Dasti expressed his concern over the use of spurious cottonseed, fertiliser and unavailability of cotton production data. He also asked the Ministry of Food and Agriculture (MINFA) to constitute a joint research and inve
The Divisional Development Working Party (DDWP) has approved four non-funded schemes at a cost of rupees eight million under 'big city package' and called upon the concerned officers to complete these within the stipulated timeframe.
A sparkling two-goal display by Carlos Tevez overshadowed a promising debut by Edin Dzeko as Manchester City claimed a nervy 4-3 win over Wolverhampton Wanderers to go top of the Premier League on Saturday. Dzeko, a 27 million pounds ($42.77 million) buy