Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 03, 2012).
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
Contracts were inert on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The December vaida that has closed at Rs 447.30 opened with no change at the same rate in process of trading, they said. The January contract whic
Rates slipped on the cotton market on Monday amid better-than-expected phutti arrivals, dealers said. Official spot rate was inert at Rs 5750, they said. In the ready business over 10,000 bales of cotton changed hands between Rs 5650-5800, they said. Pric
Upward trend was seen on the wholesale grain and seed market on Monday in process of moderate activity, dealers said. On the cereal side barley Sindh and Mardan gained Rs 100 to Rs 3600-3650, other commodities maintained weekend levels, they said.
China, the world's top consumer and producer of rice, on Monday increased its purchase price of the grain, under a government stockpiling plan aimed to encourage planting and boost farmers' returns. The higher floor price could push up food inflation in t
India has decided to make available 1.3 million tonnes of additional wheat for open sale in September and October to ease shortages in spot markets, food ministry sources said on Monday, in a move that is likely to weigh on domestic prices. Millers can no
The Karachi Port handled 134,310 tonnes of cargo comprising 110,786 tonnes of import cargo and 23,524 tonnes of export cargo including 3,827 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 110,786 to
Russia's grain export prices are expected to rise further this week after Egypt, the world's biggest wheat importer, bought 240,000 tonnes of Russian wheat this weekend. Egypt's General Authority for Supply Commodities (GASC) agreed to buy Russian wheat f
Ukraine, which plans to export 20 million tonnes of grain in the 2012/13 season, exported 2.99 million tonnes in July-August, 60 percent more than in the same period in 2011, the Agriculture Ministry said on Monday. The ministry's data showed that the vol
Cocoa arrivals at ports in top grower Ivory Coast reached around 1,339,000 tonnes by September 2 since the start of the season in October, exporters estimated on Monday, compared with 1,412,845 tonnes in the same period of the previous season. Exporters e
Cyprus will remain in recession in 2012, its finance minister said on Monday, with economic output retreating by up to 1.5 percent in the euro zone member state which recently sought a bailout. Vassos Shiarly, Cyprus's finance minister, also said lower gr
Czech President Vaclav Klaus urged parliament on Monday to reject tax hikes in a vote this week that was intended to reassure investors but instead may shatter the cabinet. The tax vote is one of two big near-term tests for the centre-right coalition, unp
Chalco has dropped its $926 million bid for a majority stake in Mongolia-focused coal miner SouthGobi Resources Ltd in the face of stiff political opposition. Home to some of the world's biggest unexploited mineral deposits, Mongolia has become one of the
Japan's ruling party is considering scrapping a tax on car purchases to soften the impact of sales tax increases designed to help cover rising welfare costs, a senior lawmaker said on Monday. The government's plan to double the sales tax to 10 percent by
Analysts following Mexico's economy raised their inflation expectations for the third month in a row and now see consumer prices just overshooting the central bank's ceiling by year-end. A monthly poll of economists, banks and brokerages showed on Monday
Egyptian shares are mixed on Monday, with the main index lying just short of its highest in more than a year after the country's brightening economic outlook triggered several weeks of rising share prices. The index is little changed from Sunday's close a
Hong Kong and China shares posted their first gains in four sessions on Monday, helped by the property sector after weaker-than-expected economic data spurred hopes that Beijing will act to stem the slowdown in the world's second-largest economy.
Japan's Nikkei share average closed at a four-week low on Monday after seesawing throughout the day as disappointing Chinese data outweighed hopes the US Federal Reserve would act to boost the economy. The benchmark index picked up briefly in the afternoo
Seoul shares shook off intraday losses and closed higher on Monday, as comments by US Federal Reserve Chairman Ben Bernanke and weak Chinese manufacturing data lifted hopes about stimulus measures from the world's top two economies. Speaking at a central
Indian shares fell on Monday as investors discounted deferment of proposed anti-tax avoidance rules, choosing to concentrate on macroeconomic woes like the fiscal and trade deficits. Dealers said the market was more worried on much-awaited reform measures
European stocks ended higher on Monday, extending the previous session's rally as investors' hopes of further stimulus measures from central banks overshadowed grim manufacturing data from China and Europe. The FTSEurofirst 300 index of top European share
Taiwan stocks rose 0.7 percent to a one-week closing high on Monday, as investors were encouraged by gains in regional bourses and by the forecast-beating quarterly results of Apple supplier Hon Hai Precision. Hon Hai ended up 6.1 percent. Banking shares
Southeast Asian stock markets ended mostly higher on Monday amid broad-based buying in regional blue-chip stocks as comments by US Federal Reserve Chairman Ben Bernanke renewed market hopes about stimulus support. Indonesia outperformed the region. Jakart
Australian shares rose 0.3 percent on Monday, led by the banking sector on hopes for further stimulus in the United States and measures to lift growth in China, Australia's top trade partner. Top lender National Australia Bank led the sector with a 0.5 pe
UK bluechips broke a four-day losing streak in thin volume on Monday as mining stocks rallied on speculation about new economic stimulus from the world's top metals consumer, China. Mining shares rose 1.3 percent after weak manufacturing data from China r
The yuan closed firmer against the dollar on Monday, hitting its highest intraday level since late May, despite weak Chinese manufacturing data as signals from the cental bank that it intends to keep the yuan stable helped buoy the currency, traders said.
The euro steadied against the dollar on Monday, drawing support from hopes the US Federal Reserve and the European Central Bank would soon take policy steps to revive their respective economies. The Australian dollar fell to fresh six-week lows against bo
The euro held steady on Monday, supported by expectations the European Central Bank will detail plans this week to stem the debt crisis, but vulnerable to the risk of disappointment and flagging growth prospects. The growth-linked Australian dollar fell t
Interbank buy/sell rates for the taka against the dollar on Monday. 81.70-81.75 (previous 81.70-81.72). Call Money Rates: 04.00-10.00 percent (previous 04.00-11.00 percent).
Most emerging Asian currencies rose on Monday amid hopes for stimulus moves by the Federal Reserve and steps by the European Central Bank to tackle the debt crisis, while weak economic data in Asia raised expectations for easing in the region. The Malaysi
The Indian rupee was little changed on Monday as weak local shares offset the positive sentiment after a government advisory panel proposed defering the implementation of a controversial set of rules on tax avoidance until 2016. The rupee rose to its high
Sterling rose to its highest in nearly two weeks against the dollar on Monday after a stronger-than-forecast manufacturing industry survey prompted market players to take a slightly brighter view of the UK economy. The manufacturing purchasing managers' i
World number one Roger Federer received a walkover into the US Open quarter-finals Monday when America's Mardy Fish withdrew from their last-16 tie due to "health reasons", an event spokesman said. Five-time champion Federer will face either Czech sixth s
Novak Djokovic continued his stroll through the US Open draw on Sunday while former champion Andy Roddick staved off retirement by winning in front of 20,000 of his new-found best friends at raucous Arthur Ashe Stadium. While Djokovic had a workmanlike 6-
South Africa's Oscar Pistorius is to meet the International Paralympic Committee (IPC) after he lost his first T44 200m race in nine years and said the length of his rivals' carbon fibre blades was unfair. The 25-year-old runner, the first double-amputee
A 29-year-old Swedish soccer player collapsed and died of a suspected cardiac arrest, minutes after giving his team the lead in a league match on Sunday. Pitea player Victor Brannstrom had scored after just four minutes against Umedalen in their Division
India survived a mini collapse to sweep the series against a fighting New Zealand with a five-wicket victory on the penultimate day of the second and final Test in Bangalore on Monday. The hosts slipped from 152-2 to 166-5 before achieving their 261-run t
The European Commission on Monday cleared the take-over by British engineering group GKN of Volvo's aero engine division in a deal worth £633 million (790 million euros). The Commission said an investigation showed that the acquisition of Volvo Aero, part
British mobile phone giant Vodafone has signed an agreement with Kuwaiti telecom company Zain to expand its footprint in the Middle East region, the pair announced on Monday. "Vodafone Group and Zain Group today jointly announce a partner market agreement
Turkmenistan could potentially join Azerbaijan in supplying gas into the Trans-Anatolian Pipeline (TANAP) through Turkey to the EU border, Turkey's energy minister said, helping Europe become less reliant on Russian gas. Turkey and Azerbaijan signed an ag
Australian retail sales suffered a surprising spill in July, as consumers shunned department stores after two months of strong spending, denting the local dollar and narrowing market odds for another cut in interest rates. The Australian dollar dipped a f
The world's third platinum producer Lonmin warned Monday that a nearly four week strike at its South African mine was threatening 40,000 jobs, as the government moved to calm jitters in the sector. Government-mediated talks re-opened between Lonmin and th
Monthly car registrations fell again in France and Italy in August with mass brands suffering most as Mediterranean countries bore the brunt of the euro zone debt crisis and its withering effect on consumer demand. French sales tumbled 11 percent to 96,11
South Korea's annual inflation in August slowed to a fresh 12-year low, data showed on Monday, providing additional evidence of cooling demand and fuelling market expectations for an additional interest rate cut next week. The consumer price index rose 1.
US regulators said 58.29 percent of daily oil production and 38.62 percent of daily natural gas output in US-regulated areas of the Gulf of Mexico remained shut on Monday due to Hurricane Isaac, whose remnants were drenching sections of the Midwest.
A contraction in manufacturing business spread further around the world in August as the euro zone's troubles inflicted more damage on the global economy, business surveys showed on Monday. The three-year-old sovereign debt crisis has probably thrown the
Airbus planes built in a Chinese factory will be sold only to Chinese clients, the European plane maker said Monday, although a leasing exception could see aircraft end up with foreign airlines. Airbus sought to clarify its China operations after the Chin
French oil and gas giant Total said Monday it had taken a 40 percent stake in an exploration field off the coast of Myanmar, its first investment in the country since sanctions were eased. Total has been in Myanmar since 1992 - before international sancti
China's Shandong Heavy Industry Group on Monday signed a 738 million euro ($928 million) accord to buy stakes in German forklift maker Kion Group and its hydraulics business, state media said. Weichai Power, the automotive and equipment manufacturing unit
Spain said Monday it is urgently injecting 4.5 billion euros ($5.7 billion) into Bankia, a state-rescued lender still losing billions of euros. The state-backed Fund for Orderly Bank Restructuring (FROB) said its governing board had agreed to pump in the
The shipping industry must keep up its guard despite a recent downturn in pirate attacks, especially off the Somali coast, a naval task force statement said Monday. Military and industry efforts have seen a 54 percent reduction in global piracy in the fir
Several Swedish official websites were knocked offline Monday, although no one has claimed responsibility for the attacks. "I can confirm that the government site had problems today, but for security reasons, I cannot say more," Anna Dahlen, a government
Iran has built about 30 percent of a missile defence system it is developing in place of the Russian S-300 system Moscow refused to sell it, and hopes to complete the system by next year, a senior military official said on Monday. Farzad Esmaili, commande
One person was killed and more than 30 injured in clashes between a mob and police in New Delhi, officials said Monday. The violence broke out late Sunday night after residents took to streets over police caning two men riding a scooter for not wearing he
Bangladesh said on Monday that nine forest officials had been suspended for "gross negligence" after three Bengal tiger cubs were found in a house in Dhaka where they were being kept by smugglers. Bangladesh's elite Rapid Action Battalion (RAB) rescued th
China's once-in-a-decade leadership transition has been hit by reports of fresh scandal, with a senior ally of President Hu Jintao being demoted after sources said the ally's son was involved in a deadly crash involving a luxury sports car.
South Korea and Japan have temporarily suspended a military exchange programme amid a territorial row over a set of disputed islands, defence officials said Monday. Japanese naval and air force commanders suspended trips to South Korea which had been sche
President Barack Obama told Americans on Monday to punt away Mitt Romney's economic game plan, in a new swipe at his Republican rival on the road to this week's Democratic National Convention. Obama surrounded himself with union members in Ohio, the cruci
Russian President Vladimir Putin has fired the chief of a key state-run aerospace bureau following several launch failures, the Kremlin said Monday. The head of the Khrunichev space centre, Vladimir Nesterov, has been relieved of his duties, said a decree
Kurdish rebels wielding rocket launchers and machine-guns attacked a security base in south-east Turkey, triggering a firefight that left 30 people dead, local officials said Monday. Ten soldiers were killed and seven wounded in the attack in the province
India's top court on Monday allowed some iron ore mines to resume operations in the southern state of Karnataka and supply resource-hungry steel mills in the country. However, the move is unlikely to have much impact on global markets as demand for iron o
Syrian army bulldozers razed houses in western Damascus on Monday, pursuing what activists called the first campaign of collective punishment targeting people's property in areas of the capital hostile to President Bashar al-Assad. In northern Syria, 18 b
The White House on Monday denied an Israeli newspaper report that accused Washington of secretly negotiating with Tehran to keep the United States out of a future Israel-Iran war. The Jewish state also played down the front-page report in its biggest-sell
Platinum and palladium are on course for a positive second half of 2012, driven by improved industrial demand and, in the case of platinum, supply cuts, although analysts are much less optimistic than three months ago, a Reuters poll shows. Both metals ha
The most active December copper contract on the Shanghai Futures Exchange climbed 1.37 percent to 56,180 yuan ($8,800) per tonne on hopes that central banks around the world will step in to fuel economic growth after concerns about the US jobs sector and
Copper hit a one-week high on Monday as weak factory data from China, worries over US jobs growth and Europe's debt crisis strengthened expectations that central banks and policy makers in the three regions will take action to boost economic growth. Three
Oil rose on Monday, despite Chinese data showing a deepening slowdown in the world's biggest energy consumer, as investors focused on the possibility of more stimulus measures and other moves to try to revive economic growth. China's factories have been h
Tokyo rubber futures jumped almost 5 percent to a one-week high on Monday on hopes for more economic stimulus by the US Federal Reserve, but weak Chinese economic data and a drop in oil prices weighed, dealers said. The benchmark rubber contract on the To
Malaysian crude palm oil futures rose on Monday, following strong exports last month and after US Federal Reserve chief Ben Bernanke kept the door open for further stimulus that could prop up global growth and support commodity demand. Palm oil exports po