Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 04, 2014).
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
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.50 billion as compared to PKR 2.21 billion reported on Tuesday, an increase of 13 percent. The number of lots traded were 10,131. PMEX Commodity Index increased by 0.38 percent and
A downward trend was witnessed on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals side, Moong Punjab lost Rs 250 to Rs 12000, Masoor Canada fell by Rs 100 to Rs 9900, Urad Burma also dropped by Rs 255
Spot corn and soyabean bids were mostly steady to firmer around the US Midwest on Wednesday, supported by limited farmer selling of newly harvested crops, grain merchants said. Chicago Board of Trade corn and soyabean futures traded lower most of the day
ICE Canadian canola futures fell on Wednesday for the sixth straight session, extending the longest skid in more than a year under pressure from technical selling and a lack of buying in thin overall volume. January canola traded below a previous support
The Karachi Port handled 70,417 tonnes of cargo comprising 34,646 tonnes of import cargo and 35,771 tonnes of export cargo including 4,077 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 34,
The December vaida was lower, while the January contract was unchanged on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The December contract closed at Rs 1600.30 and it commenced with a decline of 30 paisa at
Downward trend was seen on the cotton market on Thursday as mills again preferred to be sidelines on lack of motivating factor, dealers said. The official spot rate continued to decline, losing Rs 100 to Rs 4,650, they added. In the ready session, around
Since the last fortnight or so, seedcotton (Kapas/Phutti) prices have fallen by Rs 100 to Rs 200 per 40 Kgs in both Sindh and Punjab. Lint prices in Sindh and Punjab have also fallen similarly by a reported Rs 300 to Rs 350 per maund (37.32 Ksg) in a very
Since the last fortnight or so, seedcotton (Kapas/Phutti) prices have fallen by Rs 100 to Rs 200 per 40 Kgs in both Sindh and Punjab. Lint prices in Sindh and Punjab have also fallen similarly by a reported Rs 300 to Rs 350 per maund (37.32 Ksg) in a very
In a sign of the distortions plaguing Brazil's stagnant economy, a wide range of companies are sharply cutting back output of their main products to instead sell electricity back into the national grid because it is more profitable. The trend includes sug
Canada's central bank held its key lending rate at one percent on Wednesday, saying an uptick in the US economy is boosting exports but lower oil prices will be a drag on the economy. The Bank of Canada has maintained the near-record low rate for the past
China is increasing its support for agriculture by renewing select tax breaks that have expired, the government said on Wednesday, in another move to support the real economy. China's stumbling economy this year has pared banks' tolerance for risk when th
China is increasing its support for agriculture by renewing select tax breaks that have expired, the government said on Wednesday, in another move to support the real economy. China's stumbling economy this year has pared banks' tolerance for risk when th
Consumer confidence in Thailand fell in November, a university survey showed on Thursday, in spite of low inflation and moves by the military government to try to boost the economy. The consumer confidence index of the University of the Thai Chamber of Co
Irish low-fare airline Ryanair on Thursday ramped up its annual earnings forecast after posting a surge in monthly passenger numbers. Net profit or earnings after taxation for the current financial year to March 2015 was expected to be between 810 million
Irish low-fare airline Ryanair on Thursday ramped up its annual earnings forecast after posting a surge in monthly passenger numbers. Net profit or earnings after taxation for the current financial year to March 2015 was expected to be between 810 million
France's finance minister said Wednesday that the French public deficit would be "well below" EU limits by 2017, as he trimmed his deficit forecasts for next year. Michel Sapin said that "new measures" announced in October would push France's 2015 deficit
Online retailing giant Amazon launched its own brand of diapers Thursday, opening a new front in retail battles with a direct challenge to name-brand vendors already selling on its website. Amazon said the first offerings in its new Amazon Elements line o
Japan's output gap widened in July-September as the economy slipped into recession, the Cabinet Office said on Thursday, highlighting the difficulty the Bank of Japan faces in guiding inflation to a 2 percent target. The output gap was minus 2.7 percent i
GlaxoSmithKline is to shed hundreds of US commercial and research jobs, restructuring operations in its biggest market where drug sales are flagging. A total of 900 posts will be eliminated at GSK's Research Triangle Park site in North Carolina as drug re
US fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labour rights in about 190 cities began around the United States. About 200 demonstrators
The European parliament ordered reports delving into tax evasion Thursday, a contentious topic after the "Luxleaks" scandal that has embroiled EU commission head and former Luxembourg premier Jean-Claude Juncker. A journalistic investigation using thousan
The US House of Representatives easily approved a sweeping package of tax breaks Wednesday that will allow individuals and corporations to save billions of dollars on their 2014 taxes. Lawmakers passed some 55 so-called tax extenders, deductions that expi
Fewer small businesses added workers in November but the average gain per firm rose slightly and an increasing number of firms anticipated stepping up hiring in the future, a survey released on Thursday showed. The National Federation of Independent Busin
Six asset managers will put about 9 billion pounds ($14 billion) over the next five years into high-yielding investments in British companies, schools and roads following tax changes, a funds industry body said on Thursday. British finance minister George
Six asset managers will put about 9 billion pounds ($14 billion) over the next five years into high-yielding investments in British companies, schools and roads following tax changes, a funds industry body said on Thursday. British finance minister George
Opponents to a controversial trade pact between the EU and the United States passed a key threshold on Thursday securing one million signatures on a petition they hope will force Brussels to abandon the deal. European and US negotiators have been in talks
The Bank of England kept interest rates at a record low on Thursday as policymakers gave more weight to the risks from low inflation and a weak global economic outlook than to a strong recovery at home. The BoE's Monetary Policy Committee, as expected, le
Cyber attacks and commercial drones pose a growing risk of commercial aeroplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums. Technical advances in aircraft design and navigation systems h
Chinese President Xi Jinping on Thursday hailed visiting South African President Jacob Zuma as China's "good friend", months after the latter's government refused the Dalai Lama a visa. "President Zuma is the Chinese people's old friend and good friend,"
Most Gulf markets gained on Thursday as some investors started buying back beaten-down stocks after oil prices seemed to have established a floor around $70 per barrel during the week. Brent crude has rebounded a few times after dipping below that mark an
Sri Lankan stocks ended weaker on Thursday, erasing early gains as investors sold select shares and on caution due to political uncertainty ahead of the January 8 presidential poll, analysts said. The main stock index fell 0.27 percent, or 19.63 points, t
Tokyo stocks rose 0.94 percent Thursday, notching up a five-day winning streak and hitting a fresh seven-year high thanks to a lower yen and record close on Wall Street, while reports said Japan's ruling coalition was set for a win in December elections.
US stocks fell on Thursday after European Central Bank president Mario Draghi brushed off pressure to act and said the bank would reassess the impact of its monetary policy stimulus early next year and take further action if necessary. Energy sector stock
US stocks rose on Wednesday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the US services sector, boosting cyclical stocks. Both the Dow and S&P also ticked to intraday records in a quiet session, with many t
Malaysia's key stock index hit a fresh 15-month closing low on Thursday as the ringgit extended losses while foreign selling continued on concerns lower oil prices would hurt economic fundamentals in the oil exporting country. Other markets in the region
US Treasuries prices were little changed on Wednesday after two days of losses as traders awaited possible monetary policy shifts by the European Central Bank and a key report on US unemployment. But yields on 30-year Treasuries dropped below 3 percent in
US Treasuries prices were little changed on Wednesday after two days of losses as traders awaited possible monetary policy shifts by the European Central Bank and a key report on US unemployment. But yields on 30-year Treasuries dropped below 3 percent in
India's NSE index hit a record high on Thursday on continued hopes for global monetary stimulus measures, while ITC Ltd surged to a six-month high on media reports the government was rethinking a potential ban on the sale of loose cigarettes. Bets that Eu
China stocks soared to their highest level since mid-2011 on Thursday, led by financial and oil shares, as the market's rally on expectations of further economic stimulus measures showed no signs of losing steam. Most economists believe it is not a questi
European shares sank on Thursday after the European Central Bank stuck to its line that it will decide early next year whether further measures are needed to boost the euro zone economy, sparking a bout of profit-taking. Hopes that the central bank would
Australian shares ended up 0.9 percent on Thursday led by broad-based gains sparked by data showing better-than-expected trade balance and retail sales at home. The S&P/ASX 200 index rose about 47 points at the close of trade, also supported by signs of r
Shares in Hong Kong soared Thursday following another record close on Wall Street, while mainland investors looked to capitalise on a recent rally. The Hang Seng Index jumped 1.72 percent, or 403.94 points, to 23,832.56 on turnover of HK$117.48 billion ($
Britain's top equity index fell on Thursday on a drop in commodity stocks and disappointment at a lack of concrete, new economic stimulus measures from the European Central Bank. The bluechip FTSE 100 index closed down by 0.6 percent, or 37.26 points, at
China's yuan touched a 3-1/2 month low against the dollar after the central bank set weaker midpoint, but had steadied slightly from the low by midday on Thursday. The People's Bank of China (PBOC) fixed the official midpoint at 6.1411 per dollar, down 0.
The Indian rupee ended little changed on Thursday, as gains in domestic shares were offset by caution ahead of the European Central Bank (ECB) policy meeting later in the day. Although the ECB is not expected to announce immediate actions such as a potent
The euro hit a two-year low on Thursday, finding few friends in a market that is wagering the European Central Bank will be forced to inject even more stimulus into the sputtering euro zone economy. While a full-blown quantitative easing programme after T
The euro fell below $1.23 for the first time in more than two years on Thursday, as the market bet the European Central Bank would inject more stimulus into the euro zone economy. The yen also fell against the dollar, although dealers said at least $1 bil
The euro rebounded from a more than two-year low against the dollar on Thursday after European Central Bank President Mario Draghi did not give a strong enough signal about injecting more stimulus into the eurozone economy. Investors were looking for spec
The US dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the US economy by a Federal Reserve official ahead of a European Central Bank meeting that may result in more monetary easing measures. The euro fell to a 2
Sri Lankan rupee forwards ended weaker on Thursday as dollar demand from importers outpaced offloading of the greenback by exporters, dealers said. The spot currency and three-day forwards, or spot-next, were not traded after the central bank capped the c
Most emerging Asian currencies slid on Thursday as the dollar stayed at multi-year highs against major currencies on solid US jobs data and ahead of an European Central Bank policy meeting later in the day. South Korea's won underperformed regional peers
Interbank buy/sell rates for the taka against the dollar on Thursday. 77.79-77.80 (previous 77.79-77.79). Call Money Rates: 06.00-08.25 percent (* Previous 05.70-08.25 percent). (* revised).
The euro jumped against the British pound on Thursday, on track for its biggest daily gains in two weeks, after European Central Bank President Mario Draghi poured cold water on those in the market expecting imminent quantitative easing. Draghi said the b
The Australia dollar held just above 4-year lows on Thursday after solid retail sales data gave it a brief break from selling, while the New Zealand dollar stayed under pressure. The Australian dollar stood at $0.8405, having touched $0.8385, its weakest
Defending champions India on Thursday announced a 30-man preliminary squad for next year's World Cup, picking just four players who were part of the winning combination in 2011. Mahendra Singh Dhoni, Virat Kohli, Suresh Raina and Ravichandran Ashwin are t
India lost two early wickets in their search for valuable batting practice on Thursday ahead of next week's opening Test against Australia. The tourists reached 99 for two at the close on the opening day of their two-day match in reply to a Cricket Austra
South Africa's Chad le Clos set a new world record of 48.44sec in the 100m butterfly at the World Short-Course Swimming Championships in Doha on Thursday. The 22-year-old had already threatened the world record this season, just 0.08sec off Evgeny Korotys
Selectors called batsman Shaun Marsh into Australia's Test squad Thursday as cover for recovering captain Michael Clarke ahead of next week's opening Test with India. Marsh, 31, will join the original 12-man squad in Adelaide, where the rescheduled four-T
Crimean football clubs were Thursday banned by UEFA from taking part in Russian championships starting from January 1, the governing body's secretary general Gianni Infantino announced. "The Russian football federation cannot organise matches in Crimea wi
Pakistan Cricket Board (PCB) Chairman Shaharyar Mohammad Khan and Chief Operating Officer (COO) Subhan Ahmad have offered their heartfelt condolences to Syed Badar Refaie, Board's Director Marketing, on the sad demise of his father, who passed away Thursd
Wi-tribe Shahsawars, the star-studded polo team of Wi-tribe Pakistan won the Grace Kingland Polo Cup held at the Lahore Polo Club. Being at the forefront of promoting the exhilarating sport, the Shahsawars played a fast-paced match to beat Remington Pharm
Charges have been brought against 16 people in a huge investigation into match-fixing in Greek football, including the president of the country's leading club, a police source revealed on Thursday. Prosecutors did not provide the names of those charged wi
The Premier League is already threatening to turn into a two-horse race after leaders Chelsea and closest rivals Manchester City both cruised to one-sided victories on Wednesday. Chelsea preserved their six-point advantage at the summit by beating Tottenh
Defending champion Juan Martin del Potro has been granted a wildcard into next month's Sydney International, organisers said Thursday. The 2009 US Open winner and former world number four will start as the tournament favourite after making his return from
England captain Alastair Cook was on Thursday suspended for one match and fined 20 percent of his undisclosed match fees for his team's slow over-rate in the third one-day international against Sri Lanka. Match referee David Boon ruled that England bowled
American legend Andre Agassi said he was embarrassed at his International Premier Tennis League cameo on Thursday after he was left out of the final night of action in Singapore. The eight-time Grand Slam champion was reduced to watching from the sideline
Founder Mahesh Bhupathi on Thursday said the new International Premier Tennis League would add two more cities next year and had been forced to turn down two others as interest grows. The Indian former doubles player said "I've got a line of people waitin
Britain is pressing ahead with an overhaul of its ageing nuclear plants despite trouble at home with the French firms leading the drive and doubts after the Fukushima disaster, officials said on Thursday. "The public supports nuclear," Hergen Haye, direct
India, the world's third-largest greenhouse gas emitter, said Thursday it is committed to tackling global warming but vowed to protect its interests at the latest round of UN climate talks in Lima. "We will walk with confidence with our own aggressive act
Ukraine and the pro-Russian rebels said on Thursday they had agree to halt fire across the eastern war zone on December 9 under the terms of a Kremlin-brokered truce. President Petro Poroshenko said the terms of the new ceasefire were already included in
Iran's parliament has adopted a law to tax religious foundations and military-linked companies, a first for the Islamic republic that could generate hundreds of millions of dollars in revenues, media reported Thursday. The government is seeking to tighten
Iran's parliament has adopted a law to tax religious foundations and military-linked companies, a first for the Islamic republic that could generate hundreds of millions of dollars in revenues, media reported Thursday. The government is seeking to tighten
President Vladimir Putin on Thursday accused the West of exploiting the Ukraine crisis to undermine an increasingly confident Russia, and said Crimea was "sacred" to Moscow. In his annual state-of-the-nation address, Putin said Russia was justified in its
Brazil will launch a satellite from China Sunday to keep an eye in the sky on deforestation in the Amazon, the National Space Agency (Inpe) said Thursday. An agency spokesman said the launch of the Cbers-4 satellite was scheduled for 0326 GMT December fro
Several thousand Hungarians protested against corruption in Budapest on Thursday, the latest demonstration challenging the government of controversial Prime Minister Viktor Orban. The crowd, estimated at around 3,000 by an AFP photographer, marched from t