Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 08, 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
A few changes were seen on the wholesale grain market on Thursday due to higher rates of the commodities, dealers said. On the cereals side, Makai quoted higher at Rs 2450, wheat old Bardan and new posted fresh gain of Rs 20 to Rs 3050-3090, other commodi
Indian sugar futures were flat for the second straight day on Thursday as lower than expected festive season demand outweighed a delay in cane crushing in top two sugar producing states. By 0949 GMT, the key November contract on India's National Commodity
The Karachi Port handled 103,748 tonnes of cargo comprising 71,378 tonnes of import cargo and 32,370 tonnes of export cargo including 4,194 loaded & empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 71,37
The December vaida was unchanged and the January contract was higher on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 444.10 and it opened with no change at the same rate, they
Prices of seeds cotton drifted lower on the cotton market on Thursday in the process of moderate activity, dealers said. Official spot rate maintained the overnight level at Rs 5,850, they said. In the ready business, over, 26,000 bales of cotton changed
Within the last couple of weeks or so, Pakistani mills have reportedly purchased around one million bales of cotton, both imported and from the local market. With whopping yarn sales, particularly to China, but also including other destinations, domestic
Within the last couple of weeks or so, Pakistani mills have reportedly purchased around one million bales of cotton, both imported and from the local market. With whopping yarn sales, particularly to China, but also including other destinations, domestic
Malaysia's central bank kept its key interest rate unchanged at 3.0 percent on Thursday, pinning hopes on domestic demand to drive growth and offset weakness in the export markets of Europe and the United States. The decision was in line with a Reuters po
Britain will need to invest 330 billion pounds ($527 billion) in its energy sector, excluding networks, by 2030 and return its economy to growth to meet carbon emissions reduction targets, the London School of Economics said in a report on Thursday. Brita
Despite the high-profile nuclear agreement this week between Canada and India, Canadian engineering firm SNC Lavalin Group Inc will not be rushing to build reactors in India until its concerns over liability are addressed. SNC Lavalin International Presid
Australian shares snapped a four-day winning streak on Thursday, falling 0.7 percent as commodity prices and stocks offshore lost ground, although the market pared steeper losses after local employment figures topped expectations. "The Australian market h
The Nikkei stock average fell 1.5 percent to a three-week closing low on Thursday, as worse-than-expected domestic machinery orders figures increased concerns that Japan's economy was slipping into recession and as strength in the yen weighed on exporters
US stocks edged lower on Thursday as investors continued to adjust for upcoming negotiations over the "fiscal cliff," which overshadowed a batch of positive economic data. McDonald's Corp dropped 1.2 percent to $85.82 as one of the worst performers on the
The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major US stock indexes down over 2 percent in the wake of the presidential election as the looming "fiscal cliff" debate and Europe's economic troubles returned to the
India's main indexes fell on Thursday, retreating from near 4-1/2 week highs, as recent out-performers such as Larsen & Toubro were hit by profit-taking on worries about budget negotiations in the United States and about Europe's economic troubles. Howeve
Taiwan stocks ended 0.61 percent lower on Thursday, joining other Asian shares in declines as investors worried about a fiscal cliff in the United States, with glass and oil counters the biggest drag. The main TAIEX index fell 44.55 points to 7,242.63, af
Prices of US Treasuries surged on Wednesday after President Barack Obama won re-election, lifting views that monetary policy could stay loose for years amid moderate economic growth. A rout in the stock market and continuing worries in Europe also boosted
Prices of US Treasuries surged on Wednesday after President Barack Obama won re-election, lifting views that monetary policy could stay loose for years amid moderate economic growth. A rout in the stock market and continuing worries in Europe also boosted
Hong Kong shares suffered their worst loss since July 23 on Thursday, as investors took profits on recent outperformers and refocused their attention on the prospect of US fiscal woes roiling financial markets. Thursday's pullback came after US President
European equities ended slightly down on Thursday following a roller-coaster session marked by brisk volume, with rekindled worries about Greece keeping investors on edge. The FTSEurofirst 300 index of top European shares closed 0.2 percent lower at 1,097
Major Southeast Asian stock markets fell on Thursday, with Singapore sliding to a two-month closing low and Malaysia extending losses to six-week lows, as worries about a looming budget crisis in the United States dented global sentiment. Singapore's Stra
South Korean shares snapped a two-day winning streak on Thursday as investors, worried about a looming fiscal crisis in the United States, lowered their appetite for risk. US President Barack Obama, who won a second term in office, faces a showdown over a
Britain's top share index fell on Thursday, as mixed earnings reports combined with concerns about the euro zone's economy and debt troubles to weigh on sentiment. Tate & Lyle and Land Securities were among fallers in heavy volumes after releasing disappo
The Indian rupee fell on Thursday, snapping two sessions of gains, as euro zone concerns again took centre stage with worries over whether Spain would seek a bailout soon. The rupee's gains from US President's Barrack Obama's re-election were wiped out as
The safe-haven yen touched a one-month high versus the euro on Thursday and the dollar slipped as worries about a looming US fiscal crisis dampened investors' risk appetite. The euro briefly nudged higher after Greece's parliament approved the government'
The euro was near a two-month low against the dollar on Thursday, with investors looking past the European Central Bank's decision to keep policy on hold to the bloc's grim growth prospects. While the ECB's decision to keep its main interest rate at 0.75
The euro fell to a two-month low against the dollar on Thursday after the European Central Bank held interest rates at a record low and said the euro zone economy showed little sign of recovering before year-end. The currency has rallied nearly 4 percent
The dollar rose to a two-month high against major currencies on Wednesday as investors shifted focus to US fiscal woes after President Barack Obama's re-election, bolstering the appeal of the safe-haven US currency. The euro came under pressure after Euro
Interbank buy/sell rates for the taka against the dollar on Thursday. 81.61-81.70 (previous 81.63-81.68). Call Money Rates: 09.00-09.00 percent (previous 09.00-09.50 percent).
The New Zealand dollar fell broadly on Thursday after a shock jump in the country's jobless rate to a 13-year peak revived speculation of a rate cut, holding the Australian dollar back as well. The kiwi skidded to $0.8157, a cent and a half lower from Wed
The Indonesia rupiah and the South Korean won led a broader fall across emerging Asian currencies on Thursday as investors, concerned about a looming fiscal crisis in the United States, cut back on risky assets including stocks. With the US presidential e
The yuan ended slightly firmer against the dollar on Thursday as the market continued to strain the Chinese central bank's leash, with sustained corporate buying pulling the yuan to the limit of an official daily trading range for an eighth day in a row.
Sterling hit a five-week high against the euro on Thursday as the Bank of England left interest rates and the size of its bond-buying programme unchanged. The decision had been broadly expected after recent stronger-than-expected UK third quarter growth f
Tomas Berdych remains in the hunt for a place in the semi-finals of the ATP Tour Finals after the Czech fifth seed defeated France's Jo-Wilfried Tsonga 7-5, 3-6, 6-1 at London's O2 Arena on Wednesday. Berdych, who lost his opening Group A fixture against
India's Leander Paes and his Czech partner Radek Stepanek booked their place in the semi-finals of the ATP Tour Finals after defeating Spanish duo Marcel Granollers and Marc Lopez 7-5, 6-4 on Thursday. Paes and Stepanek, seeded third, are the first double
Vietnam will host the Asian Games for the first time in 2019 when the nation's capital of Hanoi was on Thursday elected to stage the 18th edition of the continent's showcase sports event. Hanoi beat Indonesia's Surabaya in the bidding race which reached i
Roger Federer clinched a place in the semi-finals of the ATP Tour Finals on Thursday as the defending champion ground out a 6-4, 7-6 (7/5) win over Spain's David Ferrer at London's O2 Arena. Federer required a straight sets win over the fourth seed to sea
A court in India on Thursday overruled the life ban imposed on former national cricket captain Mohammad Azharuddin in 2000 for match-fixing, posing a major challenge to the sport's ruling body. The Andhra Pradesh High Court in Azharuddin's home city of Hy
Brazil and football's world governing body FIFA on Thursday confirmed that the 2013 Confederations Cup dress rehearsal for the 2014 World Cup will be held in six host cities, as initially planned. "The host cities for the Confederations Cup will be Belo H
Former Pakistan Captain and ace Test batsman Muhammad Yousuf was upset over not getting permission to feature in the ongoing President's Cricket Trophy. Yousuf a veteran of 90 Test matches is willing to play however, the Pakistan Cricket Board (PCB) is in
Manchester United became the third club to reach the Champions League knockout stages after coming from behind to beat Braga 3-1 and ensure they also top their group on Wednesday. However, it was the side that beat them to being Britain's first ever winne
Kevin Pietersen smashed an aggressive century on Thursday as England showed off their batting prowess ahead of next week's Test series against India. Pietersen hit 110 off 94 balls as the tourists feasted on Haryana's weak bowling attack to pile up a mass
Bangladesh's selectors Thursday included uncapped Sohag Gazi in their 14-member squad, hoping the off-spinner can get the best of left-handers in the West Indies team during next week's first Test. The 21-year-old took 11 wickets in Bangladesh's ongoing f
Skipper Michael Clarke wants Australia's batsmen to blunt the vaunted South African pace attack by waging a war of attrition. The Proteas boast Test cricket's two top-ranked bowlers - Dale Steyn and Vernon Philander - but Clarke says Australia's best chan
Canada's Supreme Court on Thursday decided against global drug giant Pfizer Inc in a high-profile case, ruling that a patent on its Viagra erectile dysfunction drug was no longer valid. The court backed an appeal by Israeli-based Teva Pharmaceutical Indus
Japan's core machinery orders plunged more than expected in September in another sign that the world's third-largest economy was slipping into recession, dragged down by a slowing global economy, tensions with China and weakening domestic demand. The nati
India will allow foreign investors to re-invest up to 50 percent of their debt holdings from the previous calendar year starting in January 2014, market regulator Securities and Exchange Board of India (SEBI) said in a statement. SEBI also cut the time pe
Walmart will kick off its holiday sales rush at 8 pm on Thanksgiving, its earliest start ever, and will guarantee that those who line up can buy a trio of gadgets as it places a big bet that shoppers are ready to spend this holiday season. The holiday sea
The low-cost airline Norwegian on Thursday announced long-haul routes between Scandinavia, New York and Bangkok, putting further pressure on troubled rival SAS. The move was considered unusual because reducing prices on long-haul flights is said to be har
McDonald's Corp on Thursday reported a 1.8 percent drop in October sales at established restaurants around the world, its first monthly sales fall since March 2003, hurt by tougher competition and a soft economy. The world's largest hamburger chain last m
McDonald's Corp on Thursday reported a 1.8 percent drop in October sales at established restaurants around the world, its first monthly sales fall since March 2003, hurt by tougher competition and a soft economy. The world's largest hamburger chain last m
Millions of young Asians studying in developed countries have fuelled a $200 billion global market in student housing, an international property group said Thursday. More than half of the estimated 165 million students currently enrolled overseas come fro
Opec acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for crude would rise more slowly than it had previously expected. In its annual Wor
J.P. Morgan Chase & Co said US regulators have approved a plan for the bank to use its capital to buy back as much as $3 billion of its stock in the first quarter of 2013. The company also disclosed that it has reached "an agreement in principle" with the
Australian employment rose by more than expected for a second straight month in October, helping keep the jobless rate steady and forcing the market to lengthen the odds of a cut in interest rates before year end. The Australian dollar rose a quarter of a
New Zealand's unemployment rate unexpectedly jumped to a 13-1/2 year high above 7 percent in the September quarter, further evidence of a patchy recovery that points to interest rates being held at a record low well into next year. Employment fell by 8,00
The US trade deficit unexpectedly narrowed in September due to a sharp rise in exports, suggesting global demand for US goods was holding up despite the debt crisis in Europe. Other data on Thursday showed a drop in new claims for jobless benefits last we
The Federal Board of Revenue (FBR) has transferred and posted three officers of the Inland Revenue Service (BS-21) with immediate effect. According to a notification issued here on Thursday, Yasmin Saud (Inland Revenue Service/BS-21) has been transferred
FFC Energy Limited (FFCEL) has developed Pakistan's first 50-Megawatt wind power project at Jhimpir, District Thatta, in Sindh. Established with an investment of 134 million dollars, the grid interconnection facilities for this project were energised on O
The Federal Board of Revenue has finalised authentic profiles of over 3 million non-filers of income tax returns and picked profiles of 100 major defaulters on national level to be served special notices to enforce the writ of the government for bringing
The roars celebrating the re-election of US President Barack Obama on television give Mohammad Rehman Khan a searing headache, as years of grief and anger come rushing back. The 28-year-old Khan accuses the president of robbing him of his father, three br
Major demographic and socio-economic challenges facing Pakistan and strategies required to tackle them were discussed at the Population Association of Pakistan's 13th Annual Conference on 'Population Wellbeing: A Development Imperative'.
The Federal Board of Revenue has increased customs duty from 5 to 20 percent on the import of BOPET film (all types ie transparent, chemical coated and metalised, etc). In this connection, the FBR has issued a Customs General Order 15 of 2012 here on Thur
United Nations special envoy for global education Gordon Brown will arrive on a three-day visit to Pakistan Friday, it was learnt. Official sources said that Brown will call on President Asif Ali Zardari and hand him over a compendium one million signatur
President Pakistan Pediatric Association Dr Iqbal Memon has said that free of cost availability of this vaccine at EPI centres would be a big relief for poor parents. He said this while briefing the media about the pneumococcal diseases and their preventi
The government has planned to establish special industrial zone for private arms manufacturers in the Fata region to get substantial shares in the international market, said senior official of Pakistan Hunting and Sporting Arms Development Company (PH&SAD
The Indian High Commissioner Sharat Shabharwal said that all items would be importable through Wagha Border very soon as the government of Pakistan has given an assurance to this regard. The High Commissioner was speaking at the Lahore Chamber of Commerce
Indian Foreign Minister Salman Khurshid on Thursday signalled the country would soon stop receiving aid from Britain after holding talks with William Hague, his counterpart from London. The 450-million dollars that the former colonial ruler gives annually
Bangladesh Nobel Peace Prize winner and microcredit pioneer Muhammad Yunus on Thursday pledged to "put poverty in the museum" as he opened a summit promoting his idea of "social business". "This summit is a kind of breath of fresh air. All the gloom and d
European Union foreign policy chief Catherine Ashton on Thursday criticised Israel for offering tenders this week for the construction of 1,213 new homes in settlement neighbourhoods of east Jerusalem. Ashton said in a statement she "deeply regrets" moves
A suicide attack and two roadside bombs killed a total of 20 people across Afghanistan Thursday, including women and a child on their way to a wedding, officials said. "Ten civilians, including four women and a child were killed in a roadside bomb attack
Britain's Princess Anne was to unveil a sculpture Thursday of Noor Inayat Khan, dubbed the "spy princess", who was sent into occupied France in World War II to help the resistance. Anne, Queen Elizabeth II's daughter, was to unveil a bronze bust in centra