Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 01, 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 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
China's gold demand for jewellery and investment is surging despite record high prices, industry officials told a conference on Thursday, while predicting the country's appetite for the yellow metal is likely to rise further in the coming years. Cheng Bin
Lean business was witnessed on the wholesale grain market on Thursday due to buyers' thin attendance, dealers said. On the cereal counter makai lost Rs 50 to Rs 2200-2225, gur low type followed same pattern, shed Rs 200 to Rs 4800, the best type retained
China's annual production capacity of primary aluminium may rise by 60 percent in the next four years as smelters build new facilities in resource-rich provinces, a director at a state-backed industry association said on Wednesday. Hu Changping of the Chi
Spot basis bids for soyabeans were flat in the US Midwest interior on Wednesday but merchandisers noted a light pick up in farmer sales in a few locations after a three-day rise in Chicago Board of Trade futures. Basis bids for corn showed mixed changes a
The Karachi Port handled 58,306 tonnes of cargo comprising 40,230 tonnes of import cargo and 18,076 tonnes of export cargo including 1,915 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 40,230 ton
Deliveries of cocoa to Brazil's warehouses including imports, were down 21 percent from this time last year at 2.36 million bags, according to data from Bahia Commercial Association. Brazil had an unusually large October-April main crop harvest last year
Both contracts were unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December contract that had ended at Rs 1306.70 opened with no change at the same rate. The January vaida which closed at 1174.80 op
Anticipation of rise in prices, propelled mills to keep buying to run their business in the absence market moving factor, dealers said on the cotton market on Thursday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,300, the
Cotton prices on the ready market were steady on Thursday despite an extended holiday weekend when closures will include the 5th and 6th of December 2011 due to Moharram holidays. New York cotton futures prices (ICE) oscillated like a pendulum on a grand
Cotton prices on the ready market were steady on Thursday despite an extended holiday weekend when closures will include the 5th and 6th of December 2011 due to Moharram holidays. New York cotton futures prices (ICE) oscillated like a pendulum on a grand
Bank of England Governor Mervyn King said on Thursday that the co-ordinated central bank action was only "temporary relief," as he confirmed the BoE had "contingency plans" in case of a eurozone break-up. King told a press conference that the BoE, togethe
Emergency staff ran hospitals, schools closed and thousands of austerity-weary Greeks took to the streets on Thursday in a 24-hour general strike that tested the resolve of a national unity government. Chanting "Get out, take the budget and get out of her
More than half of all carbon pollution released into the atmosphere comes from five countries, according to a national ranking of greenhouse gas emissions released Thursday. The first 10 countries on the list, made available during UN climate talks in Dur
US factories shrugged off weakness in the global economy during November as manufacturing activity rose to its highest level in five months, giving a fresh sign that the American economy could be accelerating. Also pointing to stronger growth, US construc
Brazil moved aggressively to shield its economy from a widening global financial crisis on Thursday, taking a flurry of measures to boost consumption and investment in Latin America's biggest country. The announcement comes just one day after Brazil's cen
European Union regulators extended looser rules allowing governments to bail out troubled banks until market conditions improve, citing the sovereign debt crisis and banks' resulting funding difficulties for the move. New guidelines, valid from January 1,
The International Monetary Fund said Thursday that it would probably lower its global economic growth, but did not expect a double-dip recession in the United States. "We will likely be revising downwards our forecast," IMF spokesman Gerry Rice said at a
The United Nations on Thursday slashed its forecast for world growth to 2.6 percent in 2012 and warned the eurozone debt crisis could further hit the global performance. "The world economy is teetering on the brink of another major downturn," the UN's ann
Toyota Motor Corp is teaming up with BMW AG in green car technology in a deal also aimed at shoring up the Japanese firm's European diesel car line-up just two years after a strategic shift away from diesel. The German premium car maker will supply diesel
The new head of the European Central Bank signalled on Thursday it stood ready to act more aggressively to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation eurozone. Speaking a day after the
Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed. Factory activity shrank even further
South Korean exports in November topped expectations while inflation picked up, reinforcing market views that the central bank will keep interest rates steady for some time despite worries about Europe's deepening debt crisis. Analysts said the resilience
Top exporter Taiwan outlined measures on Thursday to help its economy through a global slowdown, promising to boost exports and domestic consumption in a sign that Europe's debt crisis and a faltering US recovery is worrying Asia's policymakers.
The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and bring in his own team to save the Japanese firm from a big accounting scandal.
Swiss economic growth slowed to its weakest pace in more than two years in the third quarter as the strong franc hit exports, piling pressure on the central bank to do more to weaken the currency and prompting forecasts of impending recession. Switzerland
Hong Kong and China shares started December strongly, surging in robust volumes on Thursday after Beijing signalled a policy shift late on Wednesday by cutting reserve requirement ratio for commercial lenders for the first time in three years. The move of
The Nikkei stock average surged to a two-week high, breaking above a major resistance level on Thursday, after the world's central banks took co-ordinated action to ease funding strains among banks caused by the debt crisis in Europe. The central banks' m
Wall Street eased on Thursday after the Dow posted its best run in nearly three years, but hopes Friday's key jobs report would underscore signs of strength in US economy kept investors engaged. The financial sector, the strongest gainer in Wednesday's 4
US stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the eurozone debt woes from turning into a full-blown credit crisis. The S&P 500 scored its best day since August after th
Taiwan stocks ended 3.98 percent higher on Thursday, joining a global rally after concerted action to tame a liquidity crunch for European banks and a move by China towards an easing policy, with banks the biggest gainers. Taiwan's government also said it
US Treasury debt prices fell on Wednesday as six top central banks moved to prevent a global credit crunch stemming from Europe, and encouraging US economic data drove investors into equity markets. Prices of long-dated Treasuries slid more than two point
US Treasury debt prices fell on Wednesday as six top central banks moved to prevent a global credit crunch stemming from Europe, and encouraging US economic data drove investors into equity markets. Prices of long-dated Treasuries slid more than two point
Seoul shares closed sharply higher on Thursday after major central banks agreed to make cheaper dollar loans available to struggling European banks, and the Chinese central bank's decision to cut reserve requirements. "Confidence has been restored and inv
Indian shares surged 2.2 percent on Thursday to their best close in two weeks as investors bet on a revival in foreign fund buying after moves by six major central banks to boost cash supplies to troubled European banks. Oil and gas major Reliance Industr
Major Southeast Asian markets jumped on Thursday in heavy volumes after the world's six major central banks moved to ease a liquidity crunch squeezing European banks. Investor poured into regional markets. Malaysia enjoyed a $104.9 million net foreign inf
Australian shares jumped 2.6 percent on Thursday, marking a fourth straight day of gains after the world's six major central banks moved to tame a liquidity crunch for European banks by providing cheaper dollar funding. It was the biggest one-day percenta
European equities fell in choppy trade on Thursday as a key index failed to break an important resistance level and weak macro economic data prompted profit taking after sharp gains in the previous session. Bank stocks, top gainers after the move by centr
Britain's leading share index closed lower on Thursday, led by weaker commodity issues as earlier gains were reversed in tandem with a weaker showing on Wall Street as Wednesday's boost from central bank intervention moves proved short-lived. At the close
The yuan ended up against the dollar on Thursday but traded below the Chinese central bank's mid-point, as the market showed still decent dollar demand at the year-end. Spot yuan closed at 6.3635 versus the dollar, stronger than Wednesday's close of 6.378
Sterling held gains against a broadly softer dollar on Thursday, supported by slight rise in the euro as risk appetite picked up following decent demand at a Spanish bond auction. The pound slipped against the euro, however, and remained vulnerable to con
The euro steadied on Thursday after rallying the previous day as major central banks acted together to ease a credit squeeze stemming from the eurozone's debt crisis, while the Australian dollar gave back some of its hefty gains. The euro hovered around $
The euro rose against the dollar on Thursday, encouraged by solid demand at a Spanish debt auction, although gains were expected to be limited ahead of next week's summit of European Union leaders. Spain sold 3.75 billion euros of three bonds at the top o
The euro rose for a fourth straight session against the dollar on Thursday, bolstered by generally successful Spanish and French debt auctions, although traders were inclined to view its gains as good selling opportunities.
The dollar slumped on Wednesday as a move by major central banks to cut the cost to borrow the US currency and upbeat US economic data drove investors to higher-yielding currencies. The announcement by central banks of developed economies that they were a
Interbank buy/sell rates for the taka against the dollar on Thursday. 76.98-77.01 (previous 76.92-76.95). Call Money Rates: 06.25-08.00 percent (previous 06.50-08.00 percent).
The Australian and New Zealand dollars held down to strong offshore gains on Thursday, following a furious rally in risk assets, with China's PMI providing some relief that its economy is not as weak as some had feared. Risk assets were riding high after
The Indian rupee surged 1.4 percent on Thursday and posted its largest single-session rise since May 2009, powered by hopes of dollar inflows, a day after the world's six major central banks announced co-ordinated action to help ease the eurozone crisis.
The joint move by six top central banks to ease a liquidity crunch spurred rises for most emerging Asian currencies on Thursday, but offers by offshore funds and Asian importers limited the gains. On Wednesday, the US Federal Reserve, the European Central
Action by European leaders next week to tackle the sovereign debt crisis will determine whether dollar funding costs stay lower after the world's leading central banks' joint effort on Thursday sent rates down. The co-ordinated move came before eurozone l
England bowler Tim Bresnan has undergone surgery on his elbow but is expected to be fit for the Test series against Pakistan in the new year, the England and Wales Cricket Board (ECB) revealed on Thursday. Yorkshire paceman Bresnan felt pain in his elbow
Daniel Vettori and Dean Brownlie restored Thursday New Zealand's first innings after a clatter of wickets on the rain-shortened opening day of the first Test against Australia at the Gabba. When rain forced an early finish after tea, the eighth-ranked Bla
Pakistan cricket authorities have approved the setting-up of a "vigilance and security division" to fight corruption in the game, a month after three top players were imprisoned for spot-fixing. Pakistan Cricket Board (PCB) has been criticised for failing
Global football icon Ronaldo was on Thursday officially unveiled as the ambassador for the organising committee of the 2014 World Cup, to be hosted by his native Brazil. Ricardo Teixeira, the president of the Brazilian Football Confederation (CBF) and the
Pakistan's top ranked cueist Imran Shahzad stormed into the last 16 rounds of IBSF World Snooker Championship by beating compatriot Muhammad Asif in the last 32 round 5-2 in Bangalore (India) on Thursday. Diminutive Imran from Lahore appearing in his thir
Shahid Afridi grabbed five wickets for 23 runs and then kept his cool in a batting crisis as Pakistan overcame Bangladesh by five wickets in the first one-dayer in Dhaka on Thursday. The leg-spinner ripped through the Bangladesh line-up as the hosts were
FIFA has given a Druze Arab from the Israeli-occupied Golan Heights permission to play for Israel even though he is not a citizen of the country, the Israel FA said. Maccabi Haifa's Weaam Amasha is the leading Israeli league scorer this season with 12 goa
English champions Manchester United suffered a shock 2-1 defeat to Championship side Crystal Palace thanks to an extra-time goal from substitute Glenn Murray in their League Cup quarter-final here on Wednesday. Palace had not won, or even scored a goal, i
Wayne Rooney claimed victory in his latest battle with his former management firm on Thursday when a judge ruled that a multi-million pound claim by Proactive was "unenforceable". Proactive, who used to represent Rooney and his wife, Coleen, claimed it wa
World number two Rafael Nadal will kick off Spain's Davis Cup final bid against Argentina's Juan Monaco in Friday's opening singles match, following the draw here on Thursday. In the second singles match, Spain's David Ferrer will take on Argentina's Juan
Sunni Tehrik (ST) on Thursday demanded that the Nato's military personnel involved in the air strikes on Pakistan Army's check-posts in Mohmand Agency should be tried in Pakistan. The ST staged a protest demonstration outside Karachi Press Club against th
Sindh Chief Minister Syed Qaim Ali Shah on Thursday directed the concerned officials of Auqaf department to complete the construction work of shrine of Qalandar Lal Shahabaz as soon as possible. This he said during a meeting held at Chief Minister House,
The Deputy Commissioner Hyderabad Asif Ali Memon said that Union Council (UC) Secretaries and Patwaris/Tapedars have been included in teams constituted for effective and successful Polio eradication campaign making sure that each child be vaccinated and d
Textile industry stakeholders demanded of the government to sign a Preferential Trade Agreement (PTA) with India before granting it Most Favourite Nation (MFN) status, it was learnt. The proposal was tabled in a meeting organised by the Ministry of Textil
In order to serve the poor patients suffering from congenital anomalies including cleft lip and palate and patients suffering contracture after acid burn, a free camp has been organised from November 22 to run till December 2, 2011. The camp has been orga
Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari will bear the treatment cost of a young man hailing from Gujranwala. The Spokesman of Bilawal House, Ejaz Durrani said on Wednesday evening that a local channel had aired a news regarding 22-ye
A 14-storey building of United Bank Limited (UBL) situated at Jinnah Avenue caught fire Thursday morning, burning down several offices into ashes. The fire broke out on the eighth-floor and later engulfed 9th and 10th floor. All the three floors of the bu
Malaysia's parliament on Thursday adopted electoral reforms including several demands made by leaders of a mass rally that alleged poll fraud. With general elections widely expected next year, tens of thousands of people took to the streets of the capital
US Vice President Joe Biden, in Iraq as the last American soldiers prepare to depart, thanked troops from both sides for their shared sacrifices, saying they helped to end the war. But even as Biden spoke of the conflict drawing to a close, 18 people were
UBS removed its head of risk Maureen Miskovic on Thursday after less than a year in the job and 11 weeks after a $2 billion trading scandal rocked the Swiss bank. Chief Executive Sergio Ermotti put Philip Lofts, the man whose job Miskovic took, back in hi
Federal officials in Boston said on Thursday they charged 13 people in connection with a kickback scheme involving microcap stocks. The defendants included corporate officers, lawyers and a stock promoter who allegedly used kickbacks and other tricks to g
US Secretary of State Hillary Clinton offered Myanmar the first rewards for reform on Thursday, saying the United States would back more aid for the reclusive country and consider returning an ambassador after an absence of some two decades.
US President Barack Obama offered Myanmar a new era in relations if it reforms and promised democracy icon Aung San Suu Kyi his eternal support in letters hand-delivered by his top diplomat Thursday. The high-stakes personal intervention in a country long
WikiLeaks founder Julian Assange launched the website's new project Thursday, the publication of hundreds of files it claims shows a global industry that gives governments tools to spy on their citizens. The files reveal the activities of about 160 compan
Italy said Thursday it was recalling its ambassador to Iran "for consultations" after the British embassy in Tehran was attacked by protesters this week. Foreign Minister Giulio Terzi made the announcement at a press conference in Brussels that was report
Britain's broadcasting watchdog said Thursday it had slapped Iran's Press TV with a heavy fine, leading the English-language channel to accuse the British royal family of trying to silence it. Ofcom fined the state-run outlet £100,000 ($156,000, 117,000 e
The European Union tightened its sanctions against Tehran on Thursday and laid out plans for a possible embargo on Iranian oil in response to mounting concerns in the West over the Opec producer's nuclear work. At a meeting in Brussels, EU foreign ministe
Kazakhstan on Thursday launched the first metro system built in Central Asia since the collapse of the Soviet Union, a $1.1 billion project in its earthquake-prone commercial capital Almaty. President Nursultan Nazarbayev, who has run his vast steppe coun
A second wave of Afghanistan's transition from Nato to local control officially started Thursday as international forces handed over most of a peaceful province. All but two districts of Parwan province, north of the capital Kabul, are being handed to Afg
Attacks in Iraq's confessionally mixed Diyala province, north of Baghdad, killed 18 people on Thursday, 10 of them in a market bombing in the town of Khalis, medical and security officials said. The bloodshed came as US Vice President Joe Biden was in Ira
Palestinian Labour Minister Ahmed Majdalani said Thursday he had offered his resignation after insulting remarks he made about government workers were accidentally broadcast on local radio. "I have put my resignation at the disposal of the government of t
The United States, European Union and Arab League blacklisted Syrian VIPs and companies on Thursday to force an end to the military crackdown on protesters challenging the rule of President Bashar al-Assad. Bloodshed continued in Syria in what one United
Cotton futures settled firmer on Thursday on buying by small investors in a range-bound market and fibre contracts are seen drifting into the weekend given a lack of leads at this time, brokers said. Key March cotton futures rose 0.39 cent to finish at 91
Copper prices jumped more than 5.5 percent to a four-week high on Wednesday on a wave of short-covering after global central banks' surprise intervention to provide needed liquidity to the financial system. In the United States, benchmark December copper
Copper and zinc in Shanghai surged by their 6 percent daily limit, chasing steep gains in London when copper soared as much as 6.8 percent to a near one-month top of $8,000 a tonne. In Shanghai, the most-traded February copper contract on the Shanghai Fut
Copper fell on Thursday as a rally sparked by the surprise injection of liquidity into the financial system by central banks ran out of steam, although the decline was limited by upbeat data in the United States, the world's largest economy. The pace of g
Crude oil futures fell on Thursday as signs of a further economic slowdown in Europe and a weaker factory sector in China outweighed better-than-expected US manufacturing data. First-time filings for jobless benefit s in the United States, the No 1 oil co
