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
Stockpiles of imported iron ore at major Chinese ports inched up 0.8 percent this week to end at 97.38 million tonnes, according to data issued on Friday by industry consultancy Mysteel. The increase was driven by a 4.7 percent increase in shipments origi
The vaida rates were mixed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The January contract that had ended at Rs 1157.80 commenced with a loss of 20 paisa at Rs 1157.60. The new March vaida which closed at 773.0
Trading activity was down on the cotton market on Monday in the absence of active mills' demand and also because of Luner year holiday in China, dealers said. The official spot rate was unchanged at Rs 5,500, they said. Prices of seedcotton in Sindh were
Low business was seen on the wholesale grain and seed market on Monday in process of trading, they said. On the grams side guwar Sindh and Punjab were sharply higher by Rs 900 to Rs 9600-9700, other items remained unchanged in slow trading, they said.
Wheat prices in major western European markets edged higher on Monday as export-boosting weakness in the euro offset pressure from pre-weekend losses in Chicago, but a holiday closure in US markets kept activity light. The euro stayed under pressure near
Uralkali's 2011 output rose 6 percent to 10.83 million tonnes, the world's second-largest potash producer by capacity said on Monday. Uralkali merged with domestic rival Silvinit in 2011 to form Russia's largest potash producer. The Russian miner plans to
Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 percent in 2011 and is set to grow a further 10 to 15 percent this year with bullion prices falling back after recent gains, the head of India's biggest jewellery ret
The Karachi Port handled 282,974 tonnes of cargo comprising 191,378 tonnes of import cargo and 91,596 tonnes of export cargo including 4,383 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 191,378 to
India and the European Union Monday held talks on trade and security issues Monday ahead of their summit next month, officials said. EU chief diplomat Catherine Ashton and India's Foreign Minister SM Krishna chaired talks in the southern city of Bangalore
India's chronically high inflation cooled to 7.5 percent in December thanks to lower food costs, but economists warn that India is still plagued by supply bottlenecks that are likely to keep prices rising. India's headline inflation has been above 9 perce
Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said on Monday, as the country's interim cabinet seeks to fill a budget gap pushed wider by almost a year of political and economic turmoil. The previous ar
Greece must urgently break a deadlock in debt swap talks triggered by "unreasonable" demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.
European hedge fund managers are betting that China's once red hot economic growth will cool dramatically in 2012, hitting companies, economies and commodity prices that have been fuelled by the world's second largest economy in recent years. Managers are
European hedge fund managers are betting that China's once red hot economic growth will cool dramatically in 2012, hitting companies, economies and commodity prices that have been fuelled by the world's second largest economy in recent years. Managers are
Iran's central bank deputy governor said Monday that trading foreign currency outside of banks and licensed currency exchange operations was now banned, marking the government's latest attempt to stem an outflow of foreign currency amid worries over the s
German manufacturers added 180,400 jobs over the year to the end of November, a rise of 3.6 percent, as job market growth in Europe's largest economy continued unabated despite signs of slowing elsewhere, the Federal Statistics Office said on Monday. The
The European Commission launched a review of its policy on bank structure on Monday, a move that follows hard on the heels of Britain's radical plan to ring-fence the assets of savers against losses from risky investment banking. The review will be headed
A worsening of the euro zone debt crisis would reduce Europe's already slowing oil demand and could impact consumption in emerging economies, which are driving the increase in global fuel use, Opec said on Monday. In a monthly report, the Organisation of
Kyrgyzstan's economy grew by 5.7 percent last year, the national statistics committee said on Monday, reversing a 0.5 percent decline recorded during the upheaval of 2010, when a revolution was followed by bloody ethnic clashes. Annual inflation slowed, a
Economic growth in Tajikistan, the poorest of 15 former Soviet republics, accelerated to 7.4 percent last year from 6.5 percent in 2010, the state statistics agency said on Monday. Annual inflation slowed to 9.3 percent in 2011 from 9.8 percent in the pre
The eurozone sovereign debt crisis and weak UK economy dealt a double blow to the country's commercial property market on Monday, derailing a major London scheme and curbing growth prospects. The first setback came when developer Hammerson said a major sc
Southeast Asian stock markets fell on Monday, led by commodities-related and banking shares, after eurozone sovereign rating cuts by Standard & Poor's rekindled concerns about the euro zone's debt crisis. S&P downgraded nine of the eurozone's 17 countries
Indian shares ended higher on Monday, recovering from early losses, after data showed headline inflation in December slowed to a two-year low, even as a slew of sovereign rating downgrades in Europe dampened risk appetite globally. The main 30-share BSE i
Japan's Nikkei average fell to a one-month closing low on Monday after downgrades of nine European countries, including a cut in France's triple-A rating, escalated fears over the region's ability to end its debt crisis. Adding to market unease was an imp
US stocks, financial and commodity markets were remain closed on Monday for the Martin Luther King holiday. The markets will resume trading on Tuesday.
European shares rose on Monday in thin trade, led by carmakers, after bullish broker comments buoyed the sector as investors shrugged aside Standard & Poor's (S&P) downgrade of nine euro countries and fresh worries about an unruly default in Greece.
Seoul shares fell on Monday after Standard & Poor's mass ratings downgrade on euro zone countries over the weekend, but losses were capped as foreign and institutional investors just managed to maintain their lengthy buying streaks.
Shares in Hong Kong and China fell on Monday, with the Shanghai index posting its fourth-straight losing session, as investors took profits on recent outperformers and awaited economic data from China that could give clues on further policy easing. The br
Taiwan stocks ended down 1.09 percent on Monday with investors focusing on eurozone woes after Standard & Poor's sovereign debt rating cuts and looking past President Ma Ying-jeou's re-election that could speed up ties trade with China.
Australian stocks fell 1.2 percent on Monday, led lower by banks and miners after Standard & Poor's cut the debt ratings of nine of the eurozone's 17 countries including France, aggravating debt funding problems in the eurozone. "Investors seem to be exer
Britain's top shares rose on Monday, led by miners, as investors' attention shifted from the euro zone debt crisis towards economic data from China. Mining stocks tracked metals prices higher as markets eyed a batch of Chinese data on Tuesday, including G
Standard & Poor's decision to strip Italy of its single-A rating means many of the country's banks are likely to see their debt move closer to non-investment grade, compounding their funding problems. Italian banks, shut out of funding markets, are alread
The euro hit a fresh 11-year low versus the yen on Monday and was stuck near a 17-month low against the dollar after Standard & Poor's mass downgrade of eurozone countries late last week. News of the downgrade came as negotiations between Greece and priva
The euro struggled near a 17-month low versus the dollar and an 11-year low against the yen on Monday as mass downgrades of euro zone states threatened the lending capacity of the eurozone's bailout fund and with Greece's future in the bloc unclear.
Interbank buy/sell rates for the taka against the dollar on Monday. 83.75-84.00 (previous 83.60-83.75. Call Money Rates: 12.75-20.00 percent (previous 12.75-20.00 percent.
The Indian rupee reversed all early losses on Monday to end higher stoked by dollar inflows and boosted by a rebound in the local share market. The rupee settled at 51.36/37 to the dollar, 0.3 percent up from Friday's close of 51.5350/5450, after dipping
Most emerging Asian currencies fell on Monday, with the Thai baht hitting a five-month low, as hedge funds reduced their exposure to riskier asskets after mass euro zone sovereign rating cuts by Standard & Poor's. Still, traders reported some investors co
The Australian and New Zealand dollars gave ground to a broadly firmer US dollar on Monday, but losses were limited as last week's raft of euro zone downgrades fed a bid for safe-haven government debt. Demand for Australia's triple-A rated bonds was so st
China's yuan closed slightly lower against the dollar on Monday in line with the central bank's weaker mid-point fixing, and the currency is expected to move mainly in a virtual peg of 6.30 to 6.40 to the dollar in coming weeks. The government is forecast
Sterling traded within sight of a near 18-month low against the dollar on Monday and looked likely to stay on the back foot as investors concerned about the implications of euro zone ratings downgrades favoured the safe-haven US currency. The pound was fi
Speculation is mounting over the future of Indian batsman V.V.S. Laxman after another unimpressive showing at the crease in India's innings defeat to Australia at the WACA Ground. Indian newspapers reported he would retire at the end of the four-Test seri
Pakistan cricket board (PCB) has finalised matters with former Sri Lankan and Bangladesh coach Dav Whatmore pertaining to his appointment as new head coach of Pakistan cricket team. Sources told Business Recorder here on Monday that formal announce
The first Test between Pakistan and England will get underway at Dubai Sports City International Cricket Stadium from Tuesday (today). England is eying to win US $175,000 for topping the International Cricket Council (ICC) Test Championship table in the t
Pakistan and England hope to move on from the infamous 2010 spot-fixing case when they go into the first of three Tests from Tuesday in their first encounter since the scandal that rocked the game. Salman Butt, then Pakistan's Test captain, and pacemen Mo
Long-time rivals Roger Federer and Rafael Nadal sought to play down a rare public spat between them as both enjoyed crushing round-one wins at the Australian Open on Monday. Federer said he was "completely cool" despite Nadal accusing him of not pushing h
A stricken Italian cruise liner shifted on its rocky resting place on Monday as worsening weather disrupted an increasingly despairing hunt for any survivors among some 16 people still missing. As the Costa Concordia's owners blamed their captain for veer
A landmark investigation which found that hormone treatment for the menopause boosts the risk of breast cancer is riddled with flaws, a new study published on Monday alleges. The so-called Million Women Study (MWS) unleashed headlines when it was first pu
A famed entrepreneur who was once rated Ireland's richest person has been declared bankrupt in a Dublin court as a bank pursues him for debts exceeding $2.7 billion. Quinn had a reported 2007 net worth of pound 4.7 billion but sank much of his fortune int
The special representatives of India and China began a new round of talks Monday aimed at resolving a decades-old dispute over their Himalayan border. Indian National Security Advisor Shivshankar Menon and Chinese State Councillor Dai Bingguo were leading
Britain condemned Israeli settlements on Monday as "deliberate vandalism" of efforts to establish a Palestinian state, and warned that time was running out for the peace process in the Middle East. The comments on Jewish settlements by Deputy Prime Minist
Car bombs ripped through two Iraqi cities on Monday, killing at least 11 people, Iraq officials said, in the latest attacks targeting the country's Shias a month after the US military withdrawal. Violence has surged across Iraq since the last American tro
A hacker network that claims to be based in Saudi Arabia paralysed the websites of Israel's stock exchange and national airline on Monday, escalating an international cyber war that has jolted this security-obsessed country.
Vladimir Putin said he would not plunge Russia into stagnation in a third presidential term but offered stability for what he warned would be a long and painful period of global turbulence. Putin, who ruled Russia since 2000 as both president and prime mi
Jon Huntsman suspended his bid for the Republican presidential nomination on Monday, calling on his party to end "an onslaught of negative and personal attacks" in the campaign and then endorsing rival Mitt Romney. The former Utah governor, who also serve
Sri Lanka's ethnic minority Tamil party rejected a government-appointed commission's report on the country's civil war because it lacked witness protections and failed to meet international investigative standards. The Lessons Learnt and Reconciliation Co
Twelve people were killed on Monday in Syria where a peace plan monitored by Arab observers has failed to douse a 10-month-old struggle between President Bashar al-Assad and his foes. Arab foreign ministers will meet on Sunday to discuss the future of the
Britain's coalition government poured cold water on suggestions from a minister that taxpayers should fund a new royal yacht for Queen Elizabeth to mark her 60th year on the throne despite Britons dealing with severe austerity measures themselves. The que
Reposing their full confidence in Prime Minister Syed Yusuf Raza Gilani, leaders of coalition partners of the PPP on Monday decided that the Prime Minister will appear before the Supreme Court on January 19 in contempt of court notice. A meeting of the Pa
The National Assembly on Monday rejected the opposition-proposed amendments to the pro-government resolution for implementation of superior judiciary's decision amid the apex court's contempt notice to the prime minister.
The Parliamentary Committee on National Security (PCNS) directed US businessman Mansoor Ijaz, former US Ambassador Husain Haqqani and Director General ISI Lieutenant General Ahmad Shuja Pasha to submit their dispositions before the committee till January
Describing the Khanpur bomb blast as a national tragedy, Jamaat-e-Islami Secretary General, Liaqat Baloch said on Monday that those who had failed to protect the lives and properties of the people, have no right to remain in power.
Pakistan People's Party (PPP) senior leadership said on Monday that the party will stand behind the Prime Minister in adopting any stance about NRO case that is correct, respectful and constitutional. Senior PPP leaders vowed this in a meeting of some fed
Incorporated in 1989, Sakrand Sugar Mills Limited is a Public Limited Company and is listed on the Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacture and sale of sugar. Its mill is situated at Deh Tharo Unar, Sindh, P
Incorporated in 1989, Sakrand Sugar Mills Limited is a Public Limited Company and is listed on the Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacture and sale of sugar. Its mill is situated at Deh Tharo Unar, Sindh, P
Malaysian crude palm oil futures fell to more than a three-week low on Monday as investor concerns over the euro zone debt crisis and higher-than-expected edible oil supplies weighed on the market. Rating agency S&P on Friday cut nine of the euro zone's 1
Liffe cocoa futures eased on Monday as a gloomy economic outlook, notably in the euro zone, reinforced concerns about demand prospects, while white sugar and robusta coffee futures nudged higher. ICE futures markets were closed for a US public holiday.
Oil futures rose on Monday on growing tension between Saudi Arabia and Iran, after the Islamic state told its Gulf Arab neighbours not to make up any shortfall caused by an embargo on its crude oil exports. Saudi Arabia, the world's top exporter, said on
Metals traders in China had a tough time last year as shrinking bank credit choked up their cash flow, but one successful merchant trader managed to circumvent the restrictions through a paper trade it now wants to expand into copper imports. Ocean Resour
Copper steadied on Monday, following small losses in Asia, as European markets found firmer footing on the basis that the credit rating cut for nine eurozone nations by agency Standard & Poor's was already priced in. The most-traded April copper contract
Copper rose on Monday as investors decided that S&P's downgrades of nine euro zone credit ratings late last week were largely priced in and focused instead on positive fundamentals while awaiting key growth data from China, due the following day. Benchmar
Key Tokyo rubber futures erased earlier losses and ended up 1 percent on Monday, lifted by rises in the Shanghai market, but market activity is seen slowing this week ahead of the Lunar New Year holiday in China. The key Tokyo Commodity Exchange rubber co
Brazil's President Dilma Rousseff will approve the country's 11th oil rights concession auction "within weeks," Energy Minister Edison Lobao told Reuters on Sunday, opening the door to the first major offer of Brazilian petroleum exploration rights in mor
Spot gold traded steady on Monday, weighed down by a strong dollar after mass downgrades of eurozone nations by Standard & Poor's on Friday, while its safe haven appeal could benefit from renewed fears about the euro zone debt crisis. Gold posted its bigg
Gold firmed a touch on Monday in US holiday-thinned trade, with firmer stock markets and a recovery in the euro from early lows taking some pressure off the metal, while traders digested last week's eurozone downgrades from Standard & Poor's. The single c
Khyber Pakhtunkhwa Governor, Barrister Masood Kausar, has said that the law and order situation both in the province and Fata is far better as compared to almost four years back and it will be further consolidated with accelerated pace.
National Database and Registration Authority, Nadra has disbursed Rs 6,264,380,379 to 321,336 flood victims in second phase of Watan card project. The Second Phase regarded as Citizen's Damage Compensation Programme (CDCP) under which second tranche of co
The Pakistan International Airlines is contemplating replacement of 13 old, but workable, aircraft with the same number of new aircraft to be purchased to enable the management add new routes and destinations. Reliable sources said that at a time when the
The met office on Monday forecast dry weather in the country with foggy and misty conditions in plains of Punjab and Khyber-Pakhtunkhwa in the next three days. "Western disturbance lying over northern parts of the country is likely to move away in the nor
In a brief sitting, the Sindh Assembly on Monday could only offer fateha for the deceased provincial lawmaker of the ruling PPP, Syed Mohsin Shah Bukhari who died on Monday, January 13, and left the daily business undone. The Sindh Assembly, with Nisar Kh