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
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
LDA City will be the beautiful and most modern housing scheme of the province for which most proper location has been selected. More than 1.25 Lacs Developed Plots, Residential & Commercial Buildings 50% Special Discount in Development Charges Payment of
With a population of 10 million people and a high population growth rate of over 3 percent per year, Lahore is fast emerging as a leading metropolis in the region. It is one of those fast expanding cities of the world which facing tremendous population gr
LDA mission is to improve the lives and lifestyles of the residents of Lahore through modern urban planning and the provision of every modern facility, promotion of industry, trade, commerce, and culture, smooth flow of urban traffic and state-of-the-art
Initially named as the Lahore Improvement Trust, the Lahore Development Authority (LDA) was renamed in 1975, through the LDA legal Act of Punjab Assembly. TEPA and WASA are the two sectors of LDA.
Average tea prices in India, the world's second-biggest producer, edged higher at last week's auction on strong demand amid a slight drop in supplies from the top-producing Assam state. The CTC (crush-tear-curl) grade leaf was sold at 162.16 rupees ($2.75
Russian Urals crude fell to new lows Monday as weak purchasing levels by refiners due to poor refining margins depressed demand for the grade of the world's largest oil producer. Trafigura offered a cargo of Urals in the Baltic at dated Brent minus $3.55
Iron ore futures in China edged up on Monday as the market stabilised after recent steep falls in prices spurred buying interest in the world's top consumer of the steelmaking commodity. Spot iron ore prices rose last week after a seven-week slide that pu
Indian sugar futures rose on Monday to their highest in nearly a month due to a rise in overseas prices and concerns over next year's production as the weather department forecast lower rainfall in cane growing areas. India's monsoon is expected to bring
Declining trend was seen on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The July contract closed at Rs 1752.20 and it opened with 40 paisa loss at Rs 1751.80 in the early session, they said. The July vaida end
Not much business activity was witnessed on the cotton market on Monday as mills and spinners kept on the sidelines just to observe the developing situation after the announcement of next budget, dealers said. The official spot rate held the overnight lev
ICE Canadian canola futures were little changed on Monday in thin early dealings, with Western Canada planting nearly wrapped up in most areas. Traders were awaiting fresh direction for the market, possible from Wednesday's US Department of Agriculture mo
The Asian gasoline crack fell to a one-month low of $7.56 a barrel on Monday, dragged down by ample supplies. An explosion at a sulphur recovery unit in the 250,000 barrels per day (bpd) Sinopec Yangzi plant failed to lift the market as traders were not e
Bears dominated the wholesale grain market on Monday due to steady arrivals from upcountry centres, dealers said. On the cereals side, Makai low type was lower by Rs 75 to Rs 2625 and the best variety followed the suit, lost Rs 100 to Rs 2650, masoor Dall
On Monday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2,632 million. Number of lots traded was 10,826 and PMEX Commodity Index closed at 2,989. Major business was contributed by gold amounting to PKR 1,493 million - up by 15 pe
European wheat futures fell on Monday, under renewed pressure from losses in Chicago as grain markets focused again on favourable harvest prospects in the northern hemisphere. November milling wheat, the most traded contract on the Euronext market in Pari
Warm and humid conditions across the US Midwest boosted corn and soyabean plant development the past week and will prompt the government to report high crop ratings in its weekly crop report, analysts said on Monday. Analysts polled by Reuters on average
Spot basis bids for corn were mixed at processors and ethanol plants, but held steady at elevators around the US Midwest on Monday as farmers were slow to sell crops, dealers said. Weaker US corn futures values kept a lid on corn sales in the cash market,
Spot cash basis bids for hard red winter held steady in the southern US Plains on Monday after falling last week, as heavy weekend rains stalled early harvest progress, dealers said. Some areas of Oklahoma and western Nebraska received up to 5 inches (12.
The Karachi Port handled 211,006 tonnes of cargo comprising 165,605 tonnes of import cargo and 45,401 tonnes of export cargo including 3,210 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 165
US meat giant Tyson Foods won the bidding war to take over sausage maker Hillshire Brands Monday, when its sharply increased bid forced Brazilian-owned rival Pilgrim's Pride to pull out. Tyson submitted a $63 dollar a share all-cash offer, topping Pilgrim
High street giant Gap is to become the first American retailer to source garments made in Myanmar, the US embassy in Yangon said, over a decade after sanctions against the former junta slashed the country's textile industry. The US embassy said products m
Bad loans at Italian banks increased to 166.4 billion euros ($227 billion) in April, up nearly 2 billion euros from a month earlier, in a sign of the still-rising toll from a two-year economic recession on bank balance sheets. It is the largest figure for
A Vietnamese court on Monday sentenced a disgraced banking tycoon to 30 years in jail over a multi-million dollar scandal that shocked the nation's already fragile financial markets. Nguyen Duc Kien, 50, was found guilty of fraud, tax evasion, illegal tra
Nissan on Monday unveiled its second all-electric vehicle, the Japanese automaker's latest push into the eco-friendly car sector despite disappointing sales. The company said its e-NV200, a zero-emission commercial van, can drive 190 kilometres (120 miles
Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike. A sur
Time Inc, the magazine company that is home to People, Sports Illustrated and Time, saw its shares fall lower on the New York Stock Exchange on Monday in its first trading session following a spin-off from its parent, Time Warner Inc. Led by Chief Executi
South Korea's economy has proved highly immune to market turmoil elsewhere and will maintain a "breakout" growth pattern over five years to catch up with Japan and France in per-capita income in purchasing-power terms, Moody's said on Monday. "Sustained r
South Korea's economy has proved highly immune to market turmoil elsewhere and will maintain a "breakout" growth pattern over five years to catch up with Japan and France in per-capita income in purchasing-power terms, Moody's said on Monday. "Sustained r
China's central bank announced details Monday of a plan that reduces the amount of money rural banks must keep in reserve, a move aimed at stimulating the economy amid slowing growth. In a statement posted on its website, the People's Bank of China (PBOC)
Cybercrime has grown into a global industry worth around half a trillion dollars, with no sign of slowing, a research report said Monday. The report by the Center for Strategic and International Studies with security firm McAfee estimated the global econo
Large US banks are finding the billions of dollars they paid in recent years to settle lawsuits and fix broken businesses are coming back to haunt them in another place: their capital requirements. Under the new global rules known as "Basel III," banks li
Dubai's bourse fell sharply on Monday as investors booked profits in the region's best-performing market this year, while Egypt was lifted by the inauguration of a new president and an offer to buy a large stake in investment bank EFG Hermes. The Dubai be
The South Korean won hit a near six-year peak against the dollar on Monday, supported by persistent stock inflows and in catch-up trade after the European Central Bank eased policy and amid intervention caution. South Korean financial markets were closed
Indian shares surged on Monday to record highs as bluechips such as Coal India and Larsen & Toubro continued to rally on hopes of wide-ranging reforms by the new Narendra Modi government. Foreign institutional investors bought a net 12.83 billion rupees (
US stocks edged higher on Monday, pushing the Dow and S&P 500 to intraday record highs again after a series of deals, though Wall Street's fear gauge also bounced back. If the S&P 500 ends higher on Monday, that will mark its 11th rise of the past 13 sess
Taiwan stocks were flat on Monday morning, dragged down by construction holdings as investors grappled with the continued fall-out of a bribery scandal at a major builder. The main TAIEX index rose 5.19 points to 9139.65 as of 0148 GMT, largely trailing o
Thai stocks retreated on Monday as investors sold construction shares amid concerns about project delays, while Indonesia's benchmark index fell to one-month low as selling in large caps weighed on one of Southeast Asia's top performers this year. Losses
Tokyo stocks rose 0.31 percent to close at a three-month high on Monday following another record-setting Wall Street advance driven by a solid US jobs report. The benchmark Nikkei 225 index added 46.76 points to 15,124.00, its best finish since March 11,
Hong Kong shares climbed 0.73 percent Monday after Wall Street hit new records in response to solid US jobs data last week while dealers also welcomed upbeat economic figures from China and Japan. The benchmark Hang Seng Index added 166.47 points to 23,11
Spain, Italy and Portugal outperformed other European stock markets on Monday, as investors stepped up bets that they would benefit most from the European Central Bank's latest economic stimulus measures. Bid speculation also lifted telecoms company Orang
South Africa's main stock indices notched up record highs on Monday, taking their cue from an upbeat tone in major overseas markets, with gold shares among the top gainers as the price of bullion advanced. The benchmark JSE Top-40 index gained 0.46 percen
Canada's main stock index rose on Monday to its highest in nearly six years after higher commodity prices helped drive up shares in the energy and mining sectors. Oil prices jumped more than 1 percent, while the prices of bullion and silver also traded in
Britain's top share index extended its gains and closed near a record high on Monday, led by mining companies, amid signs a global economic recovery was picking up speed. The UK mining index rose 0.4 percent, making it the biggest sectoral gainer in the F
The dollar edged higher against the yen on Monday thanks to upbeat US employment data while the euro stood firm after rebounding from multi-month lows, continuing to shake off the impact from the European Central Bank's monetary easing last week. The doll
The dollar rose against a basket of major currencies on Monday in the wake of last week's sturdy US jobs report, with bids supported by higher US government bond yields compared to those of European counterparts. The dollar extended gains against the euro
The euro gave up gains to weaken against the dollar on Monday, as yield differentials between US Treasuries and German Bunds widened to multi-year highs, highlighting the monetary policy divergence between the United States and the euro zone. Amid lower-t
Interbank buy/sell rates for the taka against the dollar on Monday. 77.63-77.6320 (previous 77.63-77.63). Call Money Rates: 06.00-07.25 percent (previous 05.50-07.25 percent).
The New Zealand and Australian dollars traded a touch firmer in holiday dampened markets on Monday as investors moved on from last week's offshore induced activity and looked towards looming local data releases. The Antipodeans had been buffeted first by
The Indian rupee weakened on Monday as continued dollar buying intervention by the central bank and demand for the greenback from importers offset positive sentiment due to record high domestic shares. Foreign fund flows into domestic shares and debt will
Emerging Asian currencies rose on Monday as US and China data pointed to a strengthening global economic recovery, while the yuan jumped after the central bank fixed the daily midpoint surprisingly higher. The South Korean won touched a near six-year peak
Sterling inched back towards 18-month highs against the euro on Monday, helped by growing conviction that British interest rates will top euro zone equivalents for years to come. The euro was also heading back towards lows against the dollar hit immediate
The final phase of Pepsi-PCB Star Cricket Programme 2013-14 under the Youth Development Programme is starting here at NCA from June 10 to 27 under the supervision of NCA elite coaches. Junior National Selection Committee has already selected as many as 25
England's World Cup friendlies gave valuable lessons in handling South American-style aggression when the tournament starts in Brazil, coach Roy Hodgson said. England beat Peru in London, drew 2-2 with Ecuador last week and 0-0 with Honduras on Saturday w
Sri Lanka great Kumar Sangakkara has said the tourists are glad not to be facing the "amazing" Kevin Pietersen in a two-Test series against England starting at Lord's on Thursday. Pietersen, England's all-time leading run-scorer across all formats, was dr
Japan's talisman Keisuke Honda has predicted the Asian champions will produce a "miracle" at the World Cup and reach the quarter-finals, local media reported on Monday. Sporting a spiky mohawk haircut, the bleached-blond Honda touched down in Brazil with
Ambassador of Brazil to Pakistan Alfredo Leoni on Monday unveiled the official FIFA soccer ball 'Brazuca' made-in-Pakistan in a colourful ceremony held at Sialkot Chamber of Commerce and Industry (SCCI). "It is a memorable moment that after the lapse of 3
Kane Williamson's sixth Test hundred and a battling 83 by opener Tom Latham put New Zealand in control at 240 for two at stumps on day one of the first Test against the West Indies on Sunday. Justifying captain Brendon McCullum's decision to bat first on
AC Milan fired coach Clarence Seedorf on Monday after less than five months in charge and replaced him with youth team boss Filippo Inzaghi, a move that had been on hold for two weeks. "I thank Silvio Berlusconi for the trust," former Italy and Milan stri
Kosovo's Prime Minister Hashim Thaci, whose PDK party won snap parliamentary elections at the weekend, began the search on Monday for coalition partners to provide him with a third mandate. Based on more than 94 percent of votes counted, Thaci's Democrati
A roadside bomb followed by a suicide bomber detonating an explosives-rigged truck at a police checkpoint in northern Iraq killed 28 people Monday, while four people died in other attacks. Militants have launched major operations in five different provinc
The South African government said Monday its efforts to resolve a crippling five-month strike at the world's largest platinum producers had failed. The talks "have unfortunately been dissolved without an outcome," Anglo American Platinum, Impala Platinum
A Singapore Airlines (SIA) plane bound for Beijing with 292 people on board was grounded Monday after airport staff discovered a white substance in the cargo hold, the carrier said. SIA said however that the substance found on the Boeing 777 was harmless.
A Eurofighter jet crashed while attempting to landing at an air base in south-western Spain on Monday, killing its pilot, the defence ministry said. "A Eurofighter crashed on landing at the start of the runway of the Moron base," near Sevilla, a ministry
Syria's President Bashar al-Assad announced an unprecedented prisoner amnesty on Monday, less than a week after his re-election, the most wide-ranging since the beginning of the revolt against him. Announced five days after Assad was re-elected with nearl
Iran and Turkey on Monday pledged to work together to stop extremism and bloodshed in the Middle East despite their deep differences over Syria's civil war. "Iran and Turkey, the two important countries in the region, are determined to fight against extre
A Saudi prince lost an early round of a multi-million pound British court battle on Monday against a woman who claims she was married to his late father King Fahd. Prince Abdul Aziz bin Fahd argued his father had "state immunity" and that the English High
Greek Prime Minister Antonis Samaras oversaw a major cabinet reshuffle on Monday in response to his government's poor showing in EU elections last month. The shake-up, aimed at reinvigorating Samaras's struggling conservative-Socialist coalition, comes ju
The International Criminal Court confirmed on Monday that it had filed charges against former warlord Bosco Ntaganda, founder of the M23 rebel group who was dubbed "The Terminator", for war crimes in the Democratic Republic of Congo. The judges "unanimous
The world's oldest man, a 111-year old Polish immigrant to the US, has died at a New York home for the elderly, media reported on Monday. Alexander Imich passed away early Sunday at a Manhattan senior residence where he had lived since 1986, the New York
Ukraine launched delicate dual-track diplomatic negotiations with Russia on Monday aimed at averting a debilitating gas cut and ending a bloody separatist insurgency by the end of the week. The meetings in Brussels and Kiev throw down an immediate challen
Libya's supreme court Monday ruled as unconstitutional the election of premier Ahmed Miitig in a chaotic parliamentary session, ending a month-long political crisis that saw two rival cabinets jostling for power. Miitig said he would respect the ruling, h
Nato on Monday launched one of its largest military manoeuvres in the Baltic states since tensions spiked with neighbouring Russia over its annexation of Ukraine's Crimean peninsula. Around 4,700 troops and 800 military vehicles from 10 countries includin
Pakistan International Airlines (PIA) and CFM International on Monday celebrated a relationship that has been 30 years in the making. The Pakistani flag carrier was one of CFM International's very first customers and began operating CFM56-3-powered Boeing
Sindh Abadgar Board has expressed disappointment over the step motherly treatment of the government with agriculture, adding that in the whole world the governments give subsidy to agriculture but in Pakistan the agriculture is taxed.
A ceremony was held at KASB Bank Head Office Karachi to hand over the contribution of KASB Bank staff members to Hisaar Foundation. KASB Bank staff members extended their support to the drought hit fellow citizens of Thar by contributing over Rs 1.4 milli
A post budget seminar was held in the Rawalpindi/Islamabad Tax Bar Building here on Monday. Aftab Ahmed, the Chief Commissioner, RTO, Rawalpindi was invited as the chief guest, Imtiaz and Khalid Javed Commissioners, RTO, Rawalpindi was also invited at the
Celebrating a year of strong economic performance by the federal government, Dr Miftah Ismail, Special Assistant to the Prime Minister and Chairman of the Board of Investment (BoI) highlighted that GDP growth has accelerated to 4.1 percent, with plans to
Rawalpindi Chamber of Commerce and Industry on Monday demanded withdrawal of taxes and import duty on poultry feed, failing which, would cause a major blow to the essential food items' production.
The budget 2014-15 has had no impact on the medicine prices, a survey carried out by Business Recorder showed, here on Monday. Medicine traders at Bohar Bazaar (medicine wholesale market) told Business Recorder that medicine prices have witn