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 Commi
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
A few changes were seen on the wholesales grain market on Saturday due to balanced demand and supply factor, dealers said. On the grams side prices of both guwar Sindh and Punjab fell by Rs 300 to Rs 4500-4600 and Rs 4400-4500, other items maintained over
Mixed trend was witnessed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at Rs 1241.80 opened with a loss of 20 paisa at Rs 1241.60, The May contract which closed at Rs 1322.50 com
Upward trend persisted on the cotton market on Saturday as needy mills had no choice but to keep on purchasing to meet the forward requirements, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 12000, they said.
Russian firms produced 7.53 tonnes of gold in January, 12.4 percent more than in January of 2010, the Gold Industrialists' Union industry lobby said on Saturday. The union expects gold production by Russia - the world's No 5 producer - to rebound to 205-2
Following are selected highlights from a report issued by a US Department of Agriculture attache in Saudi Arabia: The Saudi government terminated its domestic barley production subsidy program in 2003 which was brought to end a two decade long domestic co
US corn futures set back on Friday on profit-taking after extending a 32-month high, but the market nonetheless posted its fifth straight weekly rise as US supplies remained tight. Soybeans were choppy, rallying late on concerns about labour unrest at por
The Karachi Port handled 114,372 tonnes of cargo including 73,986 tonnes of import cargo, 40,386 tonnes of export cargo and 4,249 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 73,986 tonnes compr
Argentine 2010/11 soya is in a patchy condition depending on how much rain has fallen, but many crops in the top growing region are developing well, the Agriculture Ministry said on Friday. Argentina is the world's No 3 exporter of soyabeans and the top s
Soyabean export premiums at the US Gulf Coast rose on Friday as soaring barge freight rates lifted the cost of soyabeans in the CIF market which supply export elevators at the Gulf, traders said. There was widespread talk that a Chinese buyer may have can
A state-run Iraqi bank plans to set up a $500 million private-equity fund to invest in projects in the war-ravaged country and will next month look to identify a global player to act as the fund's general partner. Hussein Al-Uzri, president and chairman o
The Turkish lira strengthened on Friday, recouping some losses as concerns over the country's widening trade deficit eased with a decline in oil prices. The lira firmed to 1.5983 against the dollar on the interbank market from a close of 1.6050 a day earl
Volumes on India's commodity exchanges could jump 20 percent in the year to March 2012, as banks and foreign institutions start trading and mini-contracts attract farmers to take part, the market regulator said. Legislation to allow banks and foreign play
Saudi Arabia's index made its largest gain in more than two years on Saturday, easing away from the previous session's 22-month low after the country's finance minister sought to reassure nervous investors. The benchmark climbed 7.3 percent to 5,709 point
In the month after Goldman Sachs brokered a private placement for Facebook, Wall Street banks including Bank of America and Citigroup looked at trying to do similar deals, but many have since backed away. Banks are hesitant to follow in the footsteps of G
US Treasuries prices rallied on Friday as moderate US job growth in February, stock market losses and higher oil prices whetted investors' appetite for safe-haven government debt ahead of the weekend. More gradual US employment growth in February than som
US Treasuries prices rallied on Friday as moderate US job growth in February, stock market losses and higher oil prices whetted investors' appetite for safe-haven government debt ahead of the weekend. More gradual US employment growth in February than som
Toronto's main stock index reached its highest level in 32 months on Friday as intensified fighting in Libya boosted commodity prices, supporting the index's powerhouse energy and gold-mining shares. Canadian Natural Resources surged 3.6 percent to C$49.7
Latin American equities rose on Friday as energy stocks climbed on rising oil prices even as other stocks were hit by fears of global inflation. The MSCI Latin American stocks index closed up 0.36 percent, supported by gains in oil stocks, but markets in
US investors bounced between the threat of rising oil prices and positive economic indicators to drive their trades as the stock markets ended a punchy week virtually unchanged Friday. Promising data on jobs, production and core inflation could not overco
The US dollar is likely to fall in the week ahead as investors continue to bet that interest rates in the euro zone will rise ahead of those in the world's largest economy. US February jobs data came in a touch better than expected on Friday but disappoin
Currency speculators boosted bets in favour of the euro to the highest since January 2008 in the latest week, while bets against the dollar jumped across the board, data from the Commodity Futures Trading Commission showed on Friday. The value of the doll
The Canadian dollar steadied against the greenback and closed little changed on Friday after some data-related volatility early in the day. The currency rallied in the morning following the release of data that showed a surge in US employment last month,
The dollar eased to a four-month low against major currencies on Friday and looked set to extend losses after a solid US February jobs report did little to alter expectations for Federal Reserve monetary policy. The euro broke above the psychologically im
Pepsi has always been associated to the game of cricket. Since 1986, Pepsi has not only been sponsoring the national team and numerous other cricketing events but also has been working along with PCB to unearth the talent and to polish it into stars and l
Pakistan Football Federation (PFF) has approved Model Town Football Academy (MTFA)'s President Mian Rizwan Ali to act Liaison Officer of Match Commissioner Hassan Ghaffari (Iran) of Pakistan-Malaysia Olympic Football Qualifier second leg clash to be stage
The use of technology to enable teams to challenge decisions by umpires at the World Cup is proving controversial, but Pakistan skipper Shahid Afridi wants reviews to be doubled. The Umpire Decision Review System (UDRS) is being used for the first time at
The International Cricket Council (ICC) on Saturday admitted a "difference of opinion" with the Indian board on the controversial Umpire Decision Review System but denied it has soured their relationship. The Board of Control for Cricket in India (BCCI) r
Arsenal handed the Premier League initiative back to leaders Manchester United on Saturday with a limp performance in a goalless home draw against a Sunderland side who had lost their previous four games. After Manchester United were beaten by Chelsea in
Angry fans attacked the house of Bangladesh captain Shakib Al Hasan after his team crashed to a humiliating nine-wicket World Cup defeat against the West Indies, police said Saturday. Shakib's mother and sister were inside the three-storey house in the we
India skipper Mahendra Singh Dhoni hailed Irish master-blaster Kevin O'Brien as "unbelievable", but hopes there's no repeat of his pyrotechnics when the two sides clash on Sunday. O'Brien smashed the fastest World Cup century off 50 balls, and went on to
England captain Andrew Strauss hopes South Africa will take his team lightly following their shock defeat by Ireland when they face the Group B leaders in a World Cup pool match Sunday. England went down to a stunning three-wicket defeat by Ireland in Ban
Heavy rain robbed a potentially thrilling match between co-hosts Sri Lanka and defending champions Australia on Saturday. Sri Lanka, who chose to bat were recovering from a poor start, at 146-3 before heavy rain put a halt to action after 32.5 overs.
Heavy rain robbed a potentially thrilling match between co-hosts Sri Lanka and defending champions Australia on Saturday. Sri Lanka, who chose to bat were recovering from a poor start, at 146-3 before heavy rain put a halt to action after 32.5 overs.
The head of Tehran's Metro, the urban railway at the centre of a power struggle between President Mahmoud Ahmadinejad and rival conservatives, has resigned, Iranian media reported on Saturday. Mohsen Hashemi had been urging Ahmadinejad for months to relea
Nato-led forces killed a Taliban "shadow" district governor and an insurgent in northern Afghanistan, a government official said Saturday. Baz Mohammad, from the Imam Sahib district of Kunduz province, and the insurgent were killed by the US special force
Pro-government forces in Somalia on Saturday recaptured the town of Bulo Hawo on the border with Kenya and Ethiopia from al Qaeda-linked Shebab, sources said. A local official said that the Shebab insurgents, whose aim is to overthrow the Somali governmen
A passenger jet that Russia was to deliver to Myanmar crashed during a training flight on Saturday, killing its Russian crew of four and two pilots from the Southeast Asian nation, officials said. The An-148-100E crashed in the Belgorod province, some 600
China's spending on police and domestic surveillance will hit new heights this year, with "public security" outlays unveiled on Saturday outstripping the defence budget for the first time as Beijing cracks down on protest calls.
Uzbekistan on Saturday amended its laws to devolve more power to parliament in a move a rights group said was aimed at securing a smooth power transfer from veteran leader Islam Karimov and placating a critical West. Karimov, 73, has ruled since 1989. The
The Palestinian president said Saturday he would not accept an Israeli peace initiative if it called for temporary borders for a future Palestinian state. President Mahmoud Abbas' comments were the highest official response so far to news of a peace plan
A fire in a Mumbai slum destroyed the one-room shack of "Slumdog Millionaire" child actress Rubina Ali, leaving her family homeless, Ali said. The fire also swept through hundreds of tenements late on Friday near railway tracks where Ali continued to live
British architect Norman Foster has won the contract to design Hong Kong's HK$21.6 billion ($2.8 billion) arts hub, nine years after triumphing with an earlier plan that was later scrapped. Foster and Partners' "City Park" design for the 40-hectare (100-a
Lawmakers in Russia's Chechnya region handed strongman leader Ramzan Kadyrov a new five-year term on Saturday, unanimously approving the Kremlin nominee in a vote whose outcome was never in doubt. Russian President Dmitry Medvedev's nomination of Kadyrov
Britain said on Saturday it was hoping to send a diplomatic taskforce to Libya soon to make contact with opposition leaders and had readied a battalion of troops to aid humanitarian and evacuation efforts if needed. Government sources told Reuters a team
More than 191,000 people have fled the violence in Libya, where opponents of Moamer Kadhafi are seeking to oust the veteran ruler, the United Nations said. In total "191,748 people, mainly immigrant workers have fled Libya,"the UN's Office for the Co-ordi
Yemeni President Ali Abdullah Saleh on Saturday reiterated that he would remain in power until his term ends in 2013, rejecting an opposition plan for him to step aside this year. "The peaceful and smooth transition of power is not carried out through cha
Energy-hungry India says it is still working out a long-term method to pay for oil imports from Iran after the Reserve Bank of India rejected an earlier settlement method. India's central bank said in December that oil and other import payments could not
Kuwaiti mobile operator Zain swung to profit in the fourth quarter, according to Reuters calculations, beating analysts' estimates. Zain, subject to a $12 billion takeover bid from UAE's Etisalat, posted a fourth-quarter net profit of 87 million dinars ($
Kuwaiti mobile operator Zain swung to profit in the fourth quarter, according to Reuters calculations, beating analysts' estimates. Zain, subject to a $12 billion takeover bid from UAE's Etisalat, posted a fourth-quarter net profit of 87 million dinars ($
Countries that share the euro currency must grant debt-strapped Greece and Ireland easier terms on loans they have provided, European Monetary Affairs Commissioner Olli Rehn told a German newspaper. In comments to be published in Monday's edition of Hande
The Gulf Co-operation Council, made up of six Gulf Arab states, will this year resolve outstanding issues to clear a path toward creating a customs union, its secretary general said on Saturday. "Pending issues need to be resolved to reach a final deal on
China is on course for another five years of robust growth, but inflation threatens social stability and must be tamed, Premier Wen Jiabao said on Saturday. In China's version of a "State of the Union" address to the annual parliamentary session, Wen said
The price of a barrel of crude could double if the unrest in the Arab world deteriorates, oil trader turned British international development minister Alan Duncan warned Saturday. Duncan, who has 30 years' business experience in the Gulf, told The Times n
The head of the European Union's safety net for countries struggling with public finances said on Saturday he did not think any more members would have to tap the eurozone rescue fund, for now. "At the moment it does not appear so," Klaus Regling told Aus
Britain's banks said on Saturday they had made their businesses safer, clashing with Bank of England Governor Mervyn King who warned of the risk of a fresh financial crisis in a scathing and rare interview. "The banking industry recognises that some of it
President Barack Obama said on Saturday that spending cuts to narrow the US budget deficit must not be politically motivated or threaten the economy as it climbs out of recession. Obama's fellow Democrats and Republicans in Congress have been debating how
The US Securities and Exchange Commission is investigating Kraft Foods Inc for possible corruption at an Indian facility of its Cadbury unit, the company said in a regulatory filing. Kraft, the marker of Maxwell House coffee, Oscar Meyer lunchmeats and Ve
Japan's latest bullet train, the thin-nosed "Hayabusa" or Falcon, made its 300 kilometre per hour (186 mph) debut Saturday, boasting a luxury carriage modelled on airline business class. Japan has built up a network of cutting-edge Shinkansen train lines
US soyabean futures turned lower on Friday, halting a three-day winning streak, after Informa Economics raised its estimates of soya production in Brazil and Argentina, easing concerns about tight world supplies. Corn futures retreated on profit-taking af
Copper backed away from a near three-week high to end down on Friday as rising oil prices and escalating violence in North Africa eclipsed initial euphoria from upbeat employment data in the United States. A cautious tone swept across the broader market a
Gold rose above $1,430 an ounce on Friday, while silver surged 3 percent to 31-year highs, as soaring oil prices fuelled by widening clashes in Libya prompted investors to pile into safe havens. Bullion hit a record high of $1,440.10 an ounce on Wednesday
The world's biggest copper miners increased output for a third consecutive quarter late last year, pushing operations hard to cash in on record-setting prices, a Reuters survey showed on Friday. Production restarts and expansion projects by 11 of the bigg
Bangladesh will import 175,000 tonnes of sugar to keep prices of the sweetener stable, a senior official of the state-owned Bangladesh Sugar and Food Industries Corporation said on Wednesday. The government is in talks with Brazil to import 100,000 tonnes
Prospects of lower demand from Indonesia and the Philippines dragged Thai rice prices down nearly 4 percent this week, although prices in Vietnam were supported by loading demand, traders said. The drop in Thailand was expected to be limited by government
India has revised downwards its cotton output estimate for 2010/11 by more than 5 percent, due to untimely rains, industry officials said on Tuesday, dimming chances of exports topping the currently permitted 5.5 million bales.
Oilseeds analysis firm Oil World said on Tuesday it had raised its forecast for Argentina's 2011 soyabean crop by 0.5 million tonnes from its previous estimate in February after parched crops received rain. Argentina's 2011 soyabean crop is likely to reac
Bridgestone and Goodyear were in the market for Indonesian tyre grade, while top consumer China chased some cargoes of Thai rubber after prices dropped from record highs, dealers said on Thursday.
Gold glistened last week, striking a record peak as investors hunted for a safe-haven amid violent unrest in Libya that has sparked fears about spreading instability in the Middle East and North Africa. New York crude crossed $104 per barrel to reach the
The Lahore High Court (LHC) has constituted six division benches and 12 single benches to hear cases at the principal seat in the week commencing from March 7. According to the notification issued by the LHC Additional Registrar (Judicial) office, the DBs
A local court on Saturday indicted Federal Minister of Law, Babar Awan in a kidnapping and dacoity case, which was registered against him in New Town Police Station of Rawalpindi. The court of Civil Judge Rawalpindi Mahar Sarfaraz Hussain formally charged
The inquiry committee, constituted to look into the irregularities in the Pakistan Agriculture Research Council (PARC), has found 543 appointments illegal and in violation of merit.
Speaker Punjab Assembly, Rana Muhammad Iqbal Khan has said that Pakistan should develop coal fired power plants and tap alternate energy resources like wind and solar energy. He was addressing the 33rd annual convention and general meeting of Institution
The strike of doctors to press the authorities for acceptance of their demands entered the fifth day in Multan. On the joint call of Pakistan Medical Association (PMA) and Young Doctors Association (YDA), the doctors observed strike at the Cardiology Inst
Prime Minister Syed Yousuf Raza Gilani on Saturday approved promotion of four officers of the Secretariat Group from BS-20 to BS-21. The officers, who were promoted on the recommendations of the Central Selection Board (CSB), included Muhammad Yamin, Amir
Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman has constituted three benches, including a divisional bench, to hear a number of cases from next week starting from March 7. The first bench comprises the Chief Justice Iqbal Hameed-ur-Reh
Gujranwala Forest Circle has chalked out a comprehensive tree plantation under the spring tree plantation campaign launched in the province. Conservator Gujranwala Forest Circle Dr Muhammad Rafiq giving details said that plants and stumps have been made a
The board of intermediate and secondary education Multan conducted secondary school certificate (class-X) annual examination, 2011 on Saturday. The examination of class IX will begin from March 21. As many as 1,12,590 candidates are taking the examination
Hundreds of vehicles including vehicles loaded with supplies for security forces were stuck up on Quetta-Karachi highway on Saturday after the traders blocked the road to protest massive robbery at Jhalawan Bus Terminal at night between Friday and Saturda
Islamabad Police rounded up 33 suspects during search operation in different areas of the city and recovered illegal weapons and drugs from their possession, said a spokesman of Islamabad Police here on Saturday.
Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Saturday launched the new National Emergency Action Plan for Polio Eradication by administering polio drops to few children. The inauguration ceremony of the campaign was held here
The seventh annual flower show organised by district government is continuing successfully at Khawaja Fareed government college on Saturday. The stalls of different flowers in nine categories were presenting a tremendous scene and creating attraction for
The session of Punjab Assembly has been called on March 11, 2011 at 3pm and a notification in this regard has been issued by Punjab Governor, Sardar Latif Khan Khosa. Speaker Punjab Assembly, Rana Muhammad Iqbal will chair the session.
Security forces on Saturday targeted militant's position near Afghan border in Kurram agency, killing six militants, official said. The forces pounded militant's hideouts with artillery in central Kurram. Two hideouts destroyed in the shelling. Taliban mi
Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has directed timely utilisation of resources under District Annual Developmental Programme for the welfare of people and issued directives for the identification of developmental schemes and their
Chief Minister Balochistan Nawab Mohammad Raisani has directed to use all available resources to ensure safe and early recovery of abducted judges and lawyers. According to a handout, he issued these directions here on Saturday while having briefing by IG
The incidents of street crime, car snatching, highway robberies, bootlegging and drug pushing shown upward trend during the week, wherein people were deprived of their valuables worth millions in the federal capital. Capital Police have claimed to have bu