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
Pakistan Mercantile Exchange (PMEX) witnessed an increase of 10 percent in the value traded on Thursday. Total value increased to PKR 3,430 million from PKR 3,106 million on Wednesday. The number of lots traded were recorded at 17,031 and PMEX Commodity I
ICE Canadian canola futures climbed on Wednesday to a four-month high, supported by a US Department of Agriculture report that cut its forecast for US soybean and corn ending stocks to levels below market expectations. Projected US corn and soybean carryo
Oil seeds prices were higher on the wholesale grain market on Thursday in process of trading, dealers said. On the cereals side, wheat Bardan (new) lost Rs 21 to Rs 3075, other items maintained overnight levels, they said.
Soyabean export premiums at the US Gulf Coast were mixed on Wednesday amid sluggish demand for nearby shipments and solid demand from China for new-crop supplies, traders said. FOB basis values for early summer soyabean shipments were stronger as supplies
Brazil's top coffee-producing state will likely stay mostly dry this week, Somar Meteorologists said in a weather bulletin on Wednesday, though a cold front should reach the southern tipof the growing region this weekend. Some 12 millimeters (0.5 inches)
The Karachi Port handled 153,336 tonnes of cargo comprising 105,702 tonnes of import cargo and 47,634 tonnes of export cargo including 5,381 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Both the futures were inert on the forward cottonseeds oilcake market on Thursday in process of trading, dealers said. The May contract closed at Rs 1306.40 and it opened with no change during the session, they said. The July vaida also closed at Rs 1350.
Prices drifted lower on the cotton market on Thursday as leading mills and some exporters stayed on the sidelines in modest trading, dealers said. The official spot rate was down by Rs 50 to Rs 6,500, they added. Prices of seed cotton in Sindh and Punjab
Cotton lifting in the ready market was at the best moderate as a few exporters, besides some mills here and there, lifted small quantities of cotton. Thus small time business was being reported from the cotton market on a day to day basis where the ginner
Cotton lifting in the ready market was at the best moderate as a few exporters, besides some mills here and there, lifted small quantities of cotton. Thus small time business was being reported from the cotton market on a day to day basis where the ginner
China will choose a proper time to liberalise bank interest rates and gradually reduce its currency intervention to give the yuan more freedom to move, central bank governor Zhou Xiaochuan said on Thursday. "We will choose a proper time to widen the float
India's consumer inflation rate is forecast to have edged up slightly in March due to higher food prices, and factory output in February is expected to have risen at its fastest annual pace in five months, a Reuters poll shows. The data comes as voting ge
Australian jobs growth sped past forecasts for a second month in March and drove the jobless rate to its lowest in four months, holding out the hope that unemployment may have peaked much earlier than anticipated. The local dollar jumped half a cent to it
Australian unemployment fell below 6.0 percent in March, official data revealed Thursday, surprising analysts who had expected a higher figure and raising hopes that the jobless rate may have peaked. The Australian Bureau of Statistics said unemployment d
Japan's economy took another knock as a gauge of business investment weakened, but the Bank of Japan remained unperturbed and is expected to release optimistic inflation projections as a swing voter on its board turned more confident about the growth outl
General Motors said Thursday it had put two engineers on paid leave as it investigates its recall of millions of vehicles over a decade-old ignition defect linked to 13 deaths. GM chief executive Mary Barra announced the first disciplinary personnel actio
Online retail giant eBay said Thursday it had reached a deal with activist investor Carl Icahn, who had demanded a spin-off of the payment division PayPal. Icahn, who had been leading a campaign to split up the ecommerce giant, reached a deal with eBay th
The number of Americans filing new applications for unemployment benefits tumbled last week to the lowest level in nearly seven years, strengthening views of faster job growth. Thursday's report was the latest sign of momentum in the economy after activit
House prices fell in the eurozone at the end of the last year despite an acceleration in the region's economic recovery, hurt by falling prices in Spain and Italy, data showed on Thursday. Eurozone residential property values dropped by 0.7 percent quarte
Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exile, raising 3.0 billion euros and sending a major signal that the eurozone debt crisis is fading. Greece's EU-IMF creditors hailed the move which the Greek prime minis
Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exile, raising 3.0 billion euros and sending a major signal that the eurozone debt crisis is fading. Greece's EU-IMF creditors hailed the move which the Greek prime minis
Chinese Premier Li Keqiang ruled out major stimulus to fight short-term dips in growth, even as big falls in imports and exports data reinforced forecasts that the world's second-largest economy has slowed notably at the start of 2014. Li stressed on Thur
House prices and sales took off again in Britain last month, reflecting the economy's surprisingly fast recovery, but the Bank of England stuck to its course and left interest rates unchanged at record lows. A closely watched survey from the Royal Institu
The International Monetary Fund on Thursday urged nations around the world to move ahead more quickly on policies needed to secure a stronger recovery and avoid a prolonged global slump. In a "Global Policy Agenda" for the world's economies, the IMF outli
The International Monetary Fund on Thursday urged nations around the world to move ahead more quickly on policies needed to secure a stronger recovery and avoid a prolonged global slump. In a "Global Policy Agenda" for the world's economies, the IMF outli
Abu Dhabi's bourse rose to its highest level in eight years on Thursday, largely on the back of four stocks that look likely to be included in the MSCI emerging markets index. Most other markets in the region also gained, but several weak first-quarter ea
Tokyo shares ended flat Thursday, losing early gains driven by Wall Street's rally as exporters took a hit from the yen's rise, while weak China data also weighed. The benchmark Nikkei 225 index inched up 0.43 points to finish at 14,300.12, after rising 1
US stocks dipped on Thursday, with the Nasdaq underperforming other major indexes, as investors once again sold high-flying tech and biotech shares and bought defensive sectors. Biotech and large technology stocks, some of the biggest gainers in 2013, slu
US stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected. All three major US stock indexes ended up more than 1 percent, with eight of the 10
Hong Kong shares closed 1.51 percent higher on Thursday, lifted by a rally on Wall Street and by plans to give the city's investors greater access to the Shanghai stock market. The benchmark Hang Seng Index rose 343.79 points to 23,186.96 on turnover of H
Short- and medium-term US Treasuries prices rose on Wednesday as the record from the Federal Reserve's policy meeting in March soothed some worries the central bank might raise interest rates in the first half of 2015. The perceived dovish tone of the min
Short- and medium-term US Treasuries prices rose on Wednesday as the record from the Federal Reserve's policy meeting in March soothed some worries the central bank might raise interest rates in the first half of 2015. The perceived dovish tone of the min
The Sri Lankan share index ended tad weaker on Thursday from a near two-month closing high, led by top conglomerate John Keells Holdings, while the turnover slumped to its lowest in more than one week ahead of holidays. The main stock index fell 0.14 perc
Australian shares rose 0.3 percent to a near six-year high on Thursday as a rally on Wall Street and an upbeat local jobs report buoyed investor optimism. Australian employment rose by a solid 18,100 in March to handily beat expectations for a second mont
Indian shares retreated from record highs hit earlier in the session to end flat as profit-taking hit bluechips such as Infosys Ltd on caution ahead of the release of quarterly earnings and inflation data next week. Next week marks the start of quarterly
Spanish and Italian indexes led European shares lower on Thursday as investors cashed in on the star performers this year after some disappointing data and more jittery market conditions. Spain's Ibex 35 and Italy's FTSE MIB, the best performers among maj
Seoul shares rose on Thursday to close above the important 2,000-point level for the first time this year, and the won pared much of its earlier gains on dollar-buying intervention by local authorities and profit taking. Risk appetite, which got a boost f
Indonesian stocks slumped on Thursday, with foreign investors exiting risky assets after parliamentary election results signalled possible formation of a weak government that will have limited ability to push for reforms needed to boost investments in the
Britain's top share index traded just above flat on Thursday, buoyed by the banking sector after the Federal Reserve indicated it would keep interest rates lower for longer than previously anticipated. The FTSE 100 was up just 6.36 points or 0.1 percent a
China's yuan slipped on Thursday after exports declined for a second consecutive month in March, but some economists partly blamed intense yuan speculation last year for artificially inflating trade figures then and distorting comparisons now. Spot yuan s
The dollar hit a three-week low versus a basket of major currencies on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls, while the Aussie dollar surged on data showing solid Australian jobs growth. Minutes of the F
The dollar fell to three-week lows versus the yen and the Swiss franc on Thursday after minutes of the Federal Reserve's March meeting disappointed investors positioned for a gradual tightening in monetary policy. The Swedish crown was the big mover in Eu
The dollar dropped to three-week lows against the yen and the Swiss franc on Thursday after minutes of the Federal Reserve's March meeting disappointed investors positioned for a gradual tightening in monetary policy. The greenback has fallen versus the y
The dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the latest Federal Reserve monetary policy meeting suggested that the US central bank may not raise interest rates anytime soon. The minutes of th
Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.67-77.67 (77.67-77.67). Call Money Rates: 07.15-08.25 percent (previous 05.25-08.50 percent). ( revised).
The Australian dollar climbed to a 4-1/2-month peak on Thursday as startlingly strong jobs data added to the case for a steady interest rate outlook, while the New Zealand dollar climbed to a 2-1/2-year high following another upbeat economic report. The A
The Indian rupee ended little changed on Thursday as caution prevailed ahead of a slew of economic data, while dollar demand by state-run banks, which traders attributed to defence and oil-related payments, weighed on sentiment. "Biggest factor for INR mo
The Indonesian rupiah eased on Thursday after the main opposition party failed to score enough votes in a parliamentary election to nominate its popular candidate for a presidential poll in July without support from other parties, raising chances of polit
Sterling inched down versus the dollar on Thursday but stayed within sight of 2014 peaks after hitting its highest in almost two months, helped by a slide in the US currency this week that has surprised many in global markets. A number of major banks had
Sweden's Jonas Blixt, making his Masters debut, and Spain's Miguel Angel Jimenez shared the early lead Thursday at the 78th Masters, each standing three-under par at Augusta National. Blixt, who could become the first Swedish man to win a major golf title
Sacked batting star Kevin Pietersen still hopes to return to international cricket and become the first England player to score 10,000 Test runs, according to an interview published Thursday. The 33-year-old Pietersen also insisted that former England ski
Germany's Dustin Brown upset top seeded American John Isner in three sets to reach the quarter-finals of the US men's clay court championships on Wednesday. The world number 101 Brown outlasted the hard-hitting defending champ Isner 6-4, 6-7 (7/9), 7-6 (7
Dutch rider Wouter Poels of the Omega Pharma-QuickStep team won the fourth stage of the Tour of the Basque Country on Thursday as Alberto Contador maintained his overall lead. However, Spanish star Contador, of the Tinkoff-Saxo team, saw his compatriot Al
A schoolboy lapse in concentration and a bad miss by Wayne Rooney wrecked Manchester United's hopes of causing a huge Champions League upset against holders Bayern Munich at the Allianz Arena on Wednesday. When United went ahead in the quarter-final secon
Atletico Madrid tamed Lionel Messi and Neymar to send La Liga rivals Barcelona crashing out of the Champions League after Koke's early goal secured a shock 2-1 aggregate success at the Calderon on Wednesday. After last week's quarter-final, first leg in B
Australia will return to Zimbabwe for the first time in a decade later this year to take part in a triangular one-day international tournament, Zimbabwe Cricket said on Thursday. The Australians have not toured the country since May 2004, but will open th
Former 100m world record-holder Asafa Powell was handed an 18-month suspension on Thursday for his positive test for a banned stimulant. Powell and training partner Sherone Simpson tested positive for oxilofrine after the 100m finals at the Jamaican natio
COMSATS Institute of Information Technology (CIIT) Islamabad defeated COMSATS Institute of Information Technology Lahore by 5 runs in a nail-biting encounter and qualified for the final of COMSATS-Lancaster Cricket Championship 2014, here on Thursday.
Pakistan and Indian Fistball teams Thursday made an impressive start in the Asia Cup Fistball Tournament as they qualified for final here at University of Lahore ground here on Thursday. This grand Asian contest is being played under the banner of the Pun
Afghanistan's fast-rising cricket team will train in Pakistan under the guidance of two former international captains as they prepare for their maiden World Cup appearance next year, their coach said Thursday. Aamir Sohail will help the batsmen while Rash
Former Pakistan great Wasim Akram Thursday said players heading for the 2015 World Cup in Australia and New Zealand should sweat it out at a boot camp to boost their chances of victory. Pakistan are in Group B of the World Cup alongside arch-rivals India,
The Controller of Annual Examinations University of Sindh has announced the result of BA (Pass) Part-I annual examination 2013. According to a press statement issued here, a total number of 18,949 students filled in their examination forms to appear in th
Whenever Pakistan as a nation has faced a crisis, UBL has been at the forefront to give out to and hence assist the affected, the displaced and the unfortunate. The famine in Thar has left hundreds of thousands of families adversely affected in its wake.
Some 1300 students were conferred degree in different disciplines at the 17th convocation of Sir Syed University of Engineering and Technology (SSUET) held at Expo Centre, here on Thursday. High achievers were also awarded gold, silver and bronze medals f
President, Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki, has said that the government can revive the over 2000 sick industrial units across the country through provision of resources, which will result in boosting trade and industry in t
Unknown armed men on Thursday shot dead a man in the provincial capital, police confirmed. They said that armed motorcyclists opened fire at Maulvi Khalil Ahmed, in the Musa Colony of Quetta. As a result, he died on the spot. The assailants managed to esc
Barclays is increasing its support for multi-lateral agencies (MLA) and development banks with the strategic alignment of its product sets and the introduction of a dedicated relationship team covering every continent across the globe.
Bahria Town on Thursday defended the construction of a flyover near Abdullah Shah Gazi shrine in Clifton, stating before Sindh High Court that the project would not cause any adverse impact on environment. Advocate Akhtar Hussian, representing Bahria Town
The second meeting of Advisory Committee on Gwadar EPZ was held on April 9 to advise and monitor fast tracking progress of Gwadar Export Processing Zone. The meeting was chaired by Rabiya Javeri Agha, Chairperson EPZA. She welcomed the participants of the
Professor Francis Robinson, a notable writer of several books on the Islamic culture and professor of history of South Asia said, "Persian-Islamic culture stands specifically identified, mingled only in part with Indian world where it was placed". Robins
Central Chairman, Pakistan Hosiery Manufacturers & Exporters Association, (PHMA), Shahzad Azam Khan, has expressed concerns over the government's expected move to impose duty on import of yarn. In a letter to Federal Textile Minister, he said the impositi
Emirates, a global connector of people and places recently announced that it will bring its iconic Airbus A380 to Dallas/Fort Worth International Airport (DFW), launching the first scheduled A380 service at the airport. On October 1st 2014, the world's la
K-Electric (Formerly KESC) has categorically rejected the false accusations made in a negative report appearing on April 10, in which it was claimed that certain key management figures at KE are inappropriate and on non-technical basis.
The United Nations' Central Emergency Response Fund (CERF) has allocated $9.5 million (920 million Pakistani rupees) to help meet the needs of more than one million people who remain displaced in Khyber Pakhtunkhwa (KP) and the Federally Administered Trib
Jonathan Leape is the Executive Director of the International Growth Centre (IGC) and an Associate Professor of Economics at the London School of Economics, UK. His research interests focus on public economics, with a particular emphasis on taxation and r
Jonathan Leape is the Executive Director of the International Growth Centre (IGC) and an Associate Professor of Economics at the London School of Economics, UK. His research interests focus on public economics, with a particular emphasis on taxation and r
Islamabad police authorities have directed to enhance security measures in the city with the focus on effective coordination among various wings of the force so that sensitive information can be shared in time and prompt action to be taken in return. AIG
Muttahida Qaumi Movement (MQM) on Thursday submitted an adjournment motion to Senate secretariat for a debate on the bomb blast in fruit and vegetable market Islamabad that killed 24 innocent people and injured 116 others. The bomb exploded on Wednesday m
Punjab Chief Minister Shahbaz Sharif has strongly condemned murder of Waqarul Hassan Zaidi, Vice President PML-N Lawyers Wing as a result of firing in Karachi. In a condolence message, the Chief Minister prayed that may Allah Almighty rest the departed so
Prime Minister of Azad Jammu and Kashmir (AJK) Chaudhry Abdul Majeed condemned Islamabad Fruit and Vegetable Market 'Sabzi Mandi' blast that killed at least 24 persons and injured many others. On Thursday, in a statement while talking to a delegation at K
Prime Minister Muhammad Nawaz Sharif on Thursday approved Rs 500,000 each as compensation for the families of those who were killed in the Islamabad Sabzi Mandi blast. According to a Prime Minister's Office statement issued here, the injured would get Rs
The city police arrested 14 suspects in connection with Sabzi Mandi blast in which 24 people had lost their lives and several others injured. Sources said the police teams including personnel of crime investigation agency during various raids in the city