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
Please deposit your Zakat donations through cash or cheques in the name of Shaukat Khanum Memorial Trust at the hospital (7A, R-3, Johar Town, Lahore). Please deposit your Zakat at any of our Offices, Diagnostic Centres, Collection Centres, any Post offic
Volunteering at Shaukat Khanum Hospital has proved to be the most unforgettable experience of my life. Seeing such young children struggling for survival has truly changed my perspective of life. I will never be able to forget their determination.
Once again, the past year has been an eventful one for the medical division. The hospital recorded a further increase in the level of activity in all clinical areas. The Radiology and Nuclear Medicine Departments were jointly successful in commissioning P
Upward trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1313.30 commenced with a gain of 20 paisa to Rs 1313.50. The January vaida which started at Rs 1196.
Activity came down on the cotton market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,200, they said. In Sindh see cotton prices were unchanged at Rs 2700-2750 and in Punjab
Corn, soyabean and wheat export premiums were quietly steady at the US Gulf Coast on Friday, with buyers largely remaining on the sidelines amid volatile trade in the futures market, traders said. Soyabean futures ended lower for the third consecutive wee
Wheat prices were sharply higher on the wholesale grain market on Saturday due to rising demand by retailers, dealers said. On the cereal side wheat old and new bardan rose by Rs 40 to Rs 2600-2615 on higher demand, other items did not show any change in
ICE Canadian canola futures dropped on Thursday in a broad-based commodities sell-off on economic concerns, but it found some support from a weaker Canadian dollar. Total volume of 10,440 contracts was lightest in three weeks. Alberta canola conditions ha
Ukrainian grain trader HlibInvestbud (HIB) said on Thursday it planned to boost exports by 300 percent to 5 million tonnes in 2011/12, despite competition from Russia after the expiration of an export ban there. HIB emerged as one Ukraine's major grain tr
India's annual oilmeal exports rose 13 percent in July, up for the ninth month in a row, as purchases from the Middle East climbed and improved demand came from buyers in Asia, a trend which is likely to continue next month. Oilmeal exports rose to 272,30
Argentine farmers made progress toward finishing wheat plantings in the last week thanks to good soil moisture in many growing regions, the Agriculture Ministry said on Friday in its weekly report. Argentina is a top global wheat exporter and Brazil is it
Ivory Coast's Cocoa Management Committee (GCFCC) plans to spray 775,000 hectares of cocoa trees against pests for the 2011/12 season starting in October, up from 500,000 hectares this season, a top GCFCC official told Reuters on Thursday. In an interview,
The queue of ships to load sugar in world top producer Brazil shortened for the fourth week in a row, an analyst and shipping agency said this week, after a recent price spike kept buyers at bay. The number of vessels loading or scheduled to load fell to
The Karachi Port handled 77,383 tonnes of cargo including 40,715 tonnes of import cargo, 36,668 tonnes of export cargo and 5,666 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 40,715 tonnes compri
Indonesia may export 50,000 tonnes of premium quality rice to South Korea, the economic minister of Southeast Asia's largest economy said on Wednesday, making it the first shipment of the grain to the North Asian country if the deal goes through.
Indonesi
Raw sugar from the Philippines struggled to find buyers because main market Japan is well stocked for now, while a drop in London whites futures from record highs spurred buying of Thai sugar, dealers said on Wednesday. The Philippines offered the J-spec
Maharashtra, India's biggest sugar producing state, is likely to turn in a record 9.3 million tonnes sugar in 2011/12 as cane availability is forecast to rise to 82.5 million tonnes on a higher area of sowing, a senior government official said. "We have e
Gold resumed its rally on Friday as an unexpectedly upbeat US payrolls report and glimmers of hope for an end to the eurozone debt crisis failed to entice investors back toward riskier assets. Gold was briefly hit on Thursday with a bout of liquidation by
India's natural rubber imports in the 2011/12 financial year are likely to climb 12.6 percent to a record 200,000 tonnes as tyre makers raise overseas purchases to cash in on lower import duty, the head of a trade body said on Tuesday. "Considering the lo
The Chinese government will buy cotton from farmers without a limit on volume when it launches a new stockpile plan this year, an industry website said on Friday. The cotton stockpile policy is the first such mechanism aimed at stabilising production, the
An increase in rice prices in Thailand caused by political developments has forced some exporters to turn to Vietnam to source grain for shipping to China, operators said, a trend that has also helped support Vietnamese prices. For now the Thai move invol
Wheat exports from Australia, typically the fourth biggest exporter of the grain, fell 20 percent in June from the previous month and the return of Russia to the export market could put further pressure on sales, traders said on Friday. Shipments dropped
Thai feed millers bought around 150,000 tonnes of South American soymeal for shipment early next year, while Malaysia is looking to buy corn cargoes for September and October arrival. Asian wheat buyers held back purchases as they waited for a further dro
Gold forged yet another record high this week, as investors sought safety, but most commodity markets plunged on concern that eurozone and US economic woes could spark another fierce global recession. "The vagaries of macroeconomic data and fickle sentime
Senior German lawmakers from Chancellor Angela Merkel's coalition on Friday attacked the European Commission's call to re-assess the eurozone's bailout fund and ruled out boosting its size. "We need the debate prompted by (European Commission President Jo
Senior German lawmakers from Chancellor Angela Merkel's coalition on Friday attacked the European Commission's call to re-assess the eurozone's bailout fund and ruled out boosting its size. "We need the debate prompted by (European Commission President Jo
A senior Bank of Korea official said on Saturday that he saw no major short term impact from a cut in the US credit rating by Standard and Poor's to AA-plus. "Markets have already had a few scenarios on the US ratings and this was one of them, I think," h
President Barack Obama on Friday proposed $120 million in new tax credits for businesses that hire US veterans returning from Iraq and Afghanistan at a time of stubbornly high unemployment at home.
South Sudan's oil minister said on Saturday that an oil cargo detained by northern officials in Port Sudan in a row over duty payments had now sailed, but that negotiations over transit fees were stalled. "We have made consultations with Khartoum and at t
Nigeria's state asset management firm AMCON has taken over three lenders that were failing despite a $4 billion 2009 bailout, in a move the central bank says will allow all nine banks rescued to be re-capitalised by September 30, drawing a line under the
Britain's deficit-slashing austerity measures have been "vindicated" by Standard & Poor's move to slash Washington's top AAA credit rating, a government spokesman said on Saturday. "Abandoning our deficit reduction plans would put Britain back in the inte
India's bank unions will next week decide whether to take further strike action to protest against plans to modernise the operations of the country's financial institutions, union officials said. Union officials claimed that as many as one million governm
The Italian government will be hard at work throughout the holiday month of August, Prime Minister Silvio Berlusconi said Saturday, after announcing that Rome will speed up austerity measures. "We are continuing our activity without a break," Berlusconi t
The European Central Bank remains divided over whether to buy Italian government bonds but even some of those who favour the move say Italy should do more to front-load austerity measures, ECB sources said on Saturday. Two sources said they expected ECB P
A coat worn by Bruce Lee for his last film "Game of Death" sold for $77,000 at a rare auction of the late kung fu icon's items in Hong Kong Saturday, far above pre-sale estimates. Thirteen items went under the hammer at the sale, believed to be the larges
Rupert Murdoch's daughter Elisabeth will not join the board of directors at her father's scandal-hit media empire as planned, News Corporation has said. Officials said Elisabeth, 42, the owner of the television production firm Shine Group - which News Cor
Iraq plans to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to simplify financial transactions, a senior central bank official said on Saturday. Central Bank Deputy Governor Mudher Kasim said he expected the n
German utility E.ON plans to cut nearly one in eight jobs world-wide, partly in response to Chancellor Angela Merkel's decision to phase out nuclear power by 2022, a German newspaper reported on Saturday. As many as 10,000 of the utility's 85,600 employee
Shares shed 5.46 percent on Saturday in the first day of trading in oil-rich Saudi Arabia after the Muslim weekend, as investors reacted to the historic US credit downgrading and European debt woes. The Tadawul All-Shares Index closed 5.46 percent down, a
India insisted on Saturday its economy would still grow strongly despite the "grave" situation created by Standard and Poor's decision to strip the United States of its top-rank AAA credit rating. S&P sent shock waves across the world when it cut the US r
France has "total confidence" in the solidity of the US economy, Economy Minister Francois Baroin told AFP on Saturday, the first European minister to react to the US rating downgrade. "France has total confidence in the solidity and the fundamentals of t
China bluntly criticised the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over. Standard & Poor's cut the US long-term credit rating from top-tier AAA by a notch to AA-
The Turkish lira and stocks slid on Friday, hit by global risk aversion and market doubts about the wisdom of the central bank's interest rate cut a day earlier and the effectiveness of steps taken to bolster the currency. The central bank cut reserve rat
Sri Lanka's bourse ended weaker in thin volume on Friday, in a fourth straight fall as the global market downturn began to infect the usually insulated bourse, while the rupee weakened after the central bank raised its trading band, traders said. Sri Lank
South Africa's blue chip index officially closed down 1.08 percent on Friday, booking its biggest weekly decline since May 2010 as investors world-wide fled risky assets on worries about growth in the United States and sovereign debt in Europe.
Japanese government bonds jumped on Friday as investors rushed to the safety of bonds from equities on fears that the global economy may be sputtering and that policy options to support it could be running out. A massive fall in US shares on Thursday was
Japanese government bonds jumped on Friday as investors rushed to the safety of bonds from equities on fears that the global economy may be sputtering and that policy options to support it could be running out. A massive fall in US shares on Thursday was
Toronto stocks plunged for a second straight session on Friday, touching their weakest point since August 2010, as fears of a global recession hammered the resource-heavy market. While US stocks see-sawed, Toronto's main stock index at one point fell almo
Indian federal bond yields fell to a near two-week low on Friday, tracking US peers, as concerns over a global economic slowdown prompted investors to stock on government debt. The sentiment was further aided on hopes that the hazy global outlook could nu
Indian federal bond yields fell to a near two-week low on Friday, tracking US peers, as concerns over a global economic slowdown prompted investors to stock on government debt. The sentiment was further aided on hopes that the hazy global outlook could nu
The latest market rout might serve as a warning to investors who have euphorically poured money into high-flying technology stocks. Pandora Media Inc and Renren are both trading below their IPO price. LinkedIn shares fell as much as 10 percent after Everc
Latin American stocks seesawed widely on Friday as equities briefly rebounded from a string of recent losses before long-term worries about global growth triggered another sell-off. The MSCI Latin America stock index dropped 3.35 percent near mid-day, hav
US Treasuries tumbled in heavy trade on Friday, slamming the brakes on a safe-haven rally as Italy took measures to halt the spread of Europe's debt crisis. Long bonds followed their best day since March 2009 with the worst sell-off in nearly a year in a
US Treasuries tumbled in heavy trade on Friday, slamming the brakes on a safe-haven rally as Italy took measures to halt the spread of Europe's debt crisis. Long bonds followed their best day since March 2009 with the worst sell-off in nearly a year in a
US stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point. More than 15.9 billion shares - or more than twice the daily avera
The euro is set to be the most volatile of the major currencies in August on fears the sovereign debt crisis could spread to Italy and Spain, although it may trade in a tighter range than last month, a Reuters poll found. This conclusion is based on the s
Canada's dollar closed stronger against he greenback on Friday after earlier touching a five-week low, as a modest recovery in stock markets helped offset widespread anxiety about the global economy. The US dollar fell broadly, reversing some of the previ
Currency speculators reduced their bets against the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position slipped to $24.80 billion in the week ended
Kenya's and Uganda's shillings, which have both plumbed a string of record lows this year amid soaring inflation, are likely to stay under pressure next week with importers continuing to demand hard currency. The Kenyan shilling is seen weakening further
South Africa's rand erased earlier losses against the dollar on Friday, gaining more than one percent after the release of US jobs data eased fears of a recession in the world's biggest economy. In the absence of key domestic developments, the rand took i
The US dollar could fall next week, especially against the Swiss franc and Japanese yen, as investors look to a Federal Reserve meeting for hints of further easing as worries about the global economy grow. Stocks sold off and safe-haven assets, like the S
The US dollar fell broadly on Friday, reversing some of the prior day's sharp gains, as Wall Street stocks rebounded and traders feared a downgrade to the United States' credit rating was imminent. The euro got an added boost after Italy's Prime Minister
Pakistan will participate in Asian Under-20 Rugby Championship in Tashkent, Uzbekistan, starting in first week of next month. A spokesman of Pakistan Rugby Union (PRU) confirmed that Asian Rugby Football Union (ARFU) had invited Pakistan U-20 team to chip
Tiger Woods slipped further adrift at the Bridgestone Invitational on Saturday, but the 14-time major champion insisted there were encouraging signs in his game. Woods struggled on the greens, three-putting the last hole en route to a two-over par 72 at F
New Zealand powered to a superb closing round of 67 on Saturday to qualify for the Omega Mission Hills World Cup, with Singapore and Korea also securing their place alongside the elite. The Kiwi pairing of Michael Hendry and Gareth Paddison capped a perfe
Dutchman Robin Haase won his first ever ATP title on Saturday as he beat experienced Spaniard Albert Montanes 6-4, 4-6, 6-1 in the clay court final. Haase, 24 and appearing in his first final, looked to have blown his chance when 30-year-old Montanes, a w
Tillakaratne Dilshan hammered a maiden Twenty20 century to set up Sri Lanka's 35-run victory over Australia in the opening match on Saturday. The captain made a 57-ball 104 not out, smashing five sixes and 12 fours in a superb display of hard and clean hi
Sven Goran Eriksson's Leicester justified their billing as one of the Championship's promotion favourites by grinding out a 1-0 win at Coventry on the opening day of the season on Saturday. Eriksson was handed a substantial transfer kitty by Leicester's T
Real Madrid thrashed Tianjin Teda 6-0 in a pre-season friendly Saturday as they wrapped up their China tour with a warning to fierce rivals Barcelona ahead of their Spanish Super Cup clash. Boss Jose Mourinho said the emphatic scoreline - coupled with a 7
Pakistan Hockey Federation (PHF) has called as many as 26 players for training camp is being established as a part of preparation of first men's Asian Champions Trophy Tournament to be played in China from September 3-11. The training camp will get underw
Asian Football Confederation (AFC)'s executive committee in its meeting held at AFC House, Kaula Lumpur has unanimously elected Makhdoom Syed Faisal Saleh Hayat, President Pakistan Football Federation (PFF) as member of Organising Committee for AFC Asian
AC Milan came from a goal down to defeat bitter city rivals Inter 2-1 thanks to a quick-fire second-half double to lift the Italian Supercup in Beijing on Saturday. Manchester United target Wesley Sneijder, whose Inter future has been subject of intense s
Zimbabwe opened up a 175-run lead over Bangladesh with six second wickets remaining on Saturday, but they were left to rue a late collapse in the final overs at the Harare Sports Club. After dismissing the tourists for 287 - and a first innings lead of 83
Rahul Dravid was Saturday recalled to the Indian squad for next month's one-day series against England, but the injured Harbhajan Singh and Yuvraj Singh were left out. Middle-order batsman Dravid played his last one-dayer in September 2009, but got the se
A hacker group on Saturday claimed it has "defaced and destroyed" websites at scores of US police agencies in retaliation for the arrest of suspected peers accused of hacking into the CIA, British crime agency SOCA, and Sony.
Computer security specialists showed off a home-made drone aircraft Friday capable of launching airborne cyber attacks, hijacking mobile phone calls, or even delivering a dirty bomb. Rich Perkins and Mike Tassey built the bright yellow Wireless Arial Surv
Four prisoners and a guard were killed in clashes at a prison in the central Iraqi city of Hilla, during which eight inmates escaped, officials said on Saturday. A policeman and a civilian were also killed in unrelated violence on Saturday, an interior mi
A US soldier accused of killing Afghan civilians was sentenced to three years in prison on Friday after pleading guilty to involuntary manslaughter in a deal with prosecutors, an Army statement said. Specialist Adam Winfield was among five members of an i
The FBI has launched a new app, its first mobile application, for parents to store and access pictures and other vital information about their children in case they ever go missing. The free Child ID app is only available for use on iPhones but the Federa
Venezuelan President Hugo Chavez said Friday he has written embattled Libyan leader Muammar Qadhafi offering him "a big hug" and denouncing Nato's "imperial" attacks on Libya. "The proud, gracious and merciful God bless and keep you. May he bless and prot
Egypt's Muslim Brotherhood held a public internal election on Saturday for the first time in its history in a display of openness before a parliamentary election in November. The Brotherhood, Egypt's most popular and organised political force, was banned
A ceremony on Saturday to mark the anniversary of the Hiroshima bombing was dominated by national soul-searching on atomic power as Japan's prime minister pledged a nuclear-free future. Marking the 66th anniversary of the world's first atomic bombing at a
Chinese and Indian citizens dominated Australia's border control blacklist, secret documents showed Saturday, with the majority of people singled out for national security reasons. The closely guarded Movement Alert List, released to The Australian newspa
Newly independent South Sudan swore in its MPs on Saturday, two days ahead of parliament's opening session, with the speaker calling for co-operation regardless of background or political affiliation. "You are the founders of the first ever parliament of
Ecuador has ordered 16 non-governmental organisations (NGOs), including Spanish Doctors Without Borders, to shut down their operations in the Latin American country, the government said Friday. The government's Technical Secretary of International Co-oper