Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 30, 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 Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.164 billion and the number of lots traded was 9,240. PMEX Commodity Index closed at 2,595. Major business was contributed by crude oil amounting to PKR 672 million followed by gold (P
Wheat futures on the Chicago Board of Trade ended higher on Monday, with the March contract settling above its 200-day moving average on technical buying and fresh US sales to Iraq, traders said. Trade was choppy, with values pressured by disappointing we
Spot corn and soyabean basis bids were mostly steady in the US Midwest on Monday, while farmers sold crops early in the session, grain merchants said. Farmers sold light amounts of soyabeans early on Monday as cash prices hovered above $10 per bushel, but
US wheat export premiums at Gulf Coast terminals held steady on Monday, capped by light demand for US supplies as cheaper grain is available from several other exporters. US wheat was not expected to benefit immediately from export curbs by Russia which a
Lower global prices have curtailed coffee trading in Vietnam, the world's largest robusta producer, but farmers are expected to unload beans next month ahead of the country's biggest annual festival, traders said on Tuesday. Robusta futures have fallen ar
The Karachi Port handled 67,195 tonnes of cargo comprising 35,508 tonnes of import cargo and 31,687 tonnes of export cargo including 4,887 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 35,5
Futures continued fall on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The January contract closed at Rs 1569.50 on Monday and it opened with a decline of 40 paisa at Rs 1569.10 in the morning session, they sai
Prices maintained upward march on the cotton market on Tuesday amid tight supply of fine quality, dealers added. The official spot rate was higher by Rs 50 to Rs 4,950, they said. In the ready session, around 13,000 bales of cotton changed hands between R
ICE Canadian canola futures rose on Monday, boosted by catch-up buying after last week's holidays and higher soybean oil. The market was closed last Thursday and Friday for Canadian holidays. On Friday, Chicago March soybeans, which often set canola's dir
Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a seven-week run of gains, on subdued demand and lower supply of premier-quality leaf. Bangladeshi tea fetched an average 191.02 taka ($2.40) per kg, compared with 192.96 taka at the
Thin trading was seen on the local grain market on Tuesday in the process of trading, dealers said. On the grams side, grams 50x50 lost Rs 200 to Rs 575o due to easy supply position, other items did not move due to balanced demand and supply position, the
The slump in international oil prices and increased domestic output will reduce Argentina's energy trade deficit by 16 percent next year to $5.6 billion, the government said on Tuesday, helping to ease strains on the balance of payments. Argentina is grap
Zambia's economy grew by 6 pct in 2014 and real growth is expected to quicken to 7 percent between 2015 and 2017, the minister of finance said on Tuesday. Alexander Chikwanda said in a statement the government also intended to resolve the issue of VAT ref
As the New Year approaches, Berlin bakery worker Jessica Arendt is not just looking forward to the fireworks. In 2015, she says, "I'll be able to afford a few more things". A national minimum wage comes into effect in Germany on January 1, and that means
Kenya's economic growth slowed to 5.5 percent in the third quarter due to a sharp drop in tourism following attacks in the country, but benefited from robust construction and agriculture sectors, data showed on Tuesday. The economy remains on course to gr
India's finance minister denied on Tuesday that he was pressuring the central bank into cutting interest rates, after his comment that the high cost of capital was stifling investment sent markets into a tizzy. Arun Jaitley, in a speech in Delhi on Monday
China has blocked the last remaining way to access Google's popular e-mail service, experts said Monday, as authorities work to establish "Internet sovereignty" by controlling what enters the country via the web. Gmail, the world's biggest e-mail service,
Mexican annual inflation unexpectedly ticked higher in the first half of December as a weaker peso threatens to push up consumer prices in Latin America's second biggest economy. Inflation in the 12 months through December 15 accelerated to 4.19 percent f
Private consumption in Thailand stalled in November, the latest sign that the economy is still sputtering and putting more pressure on the military government to ramp up infrastructure spending to spur growth. The army seized power in May to end months of
Bad economic ideas will start to catch up with Latin America in 2015. For four years, the region has seen growth rates below the world average. The IMF predicts that won't change any time soon. Yet while most Pacific-facing countries will shine, Brazil, A
South Korea's current account surplus rose to a monthly record in November as slumping oil prices slashed the value of imports, state data showed Tuesday. The preliminary figure of $11.4 billion shattered the previous monthly record of $11.1 billion set i
Helicopter makers AgustaWestland, Airbus Helicopters and Sikorsky Aircraft have submitted bids on a big-ticket Polish chopper deal to replace Soviet-era military equipment, Poland's defence ministry said Tuesday. The firms are vying for a contract worth a
BP has started producing oil from its Kinnoull field in the central North Sea, the oil major said on Tuesday, bringing on stream a new field that feeds into BP's existing Andrew platform off the coast of Scotland. Oil and gas produced at Andrew and Kinnou
Japan's ruling coalition agreed on Tuesday to cut the corporate tax rate, one of the world's highest, as a key part of Prime Minister Shinzo Abe's bid to stoke growth. Abe's Liberal Democratic Party (LDP) and junior coalition partner Komeito adopted the n
China's top two bullet train makers will merge, state media said Tuesday, in a move that will create a multi-billion-dollar firm as the country seeks export markets for its high-speed railway technologies. The official Xinhua news agency confirmed the two
Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks, data released on Tuesday showed. The US investment bank's data showed that it paid staff in senior or r
Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks, data released on Tuesday showed. The US investment bank's data showed that it paid staff in senior or r
Russia's second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country's national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions. "VTB confirms that
US consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according to a private sector report released on Tuesday. The Conference Board, a
Ukraine's central bank chief on Tuesday said the strife-torn country's economy contracted by 7.5 percent and inflation soared in a year more painful than any since World War II. Valeria Gontareva added however that the pro-Western leaders who rose to powe
The main US export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may
Gulf stock markets suffered broad sell-offs on Tuesday as Brent crude oil slumped to a fresh 5-1/2-year low and political uncertainty in Greece pressured global equities. Brent fell as low as $56.74 per barrel, its lowest since May 2009, as persistent wor
US stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent trend of modest moves and low volume continued in the next-to-last trading day of the year. The day's losses were broad if not especially deep. All ten prim
US stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum. Equities have trended to the upside of late, buoyed by data showing an improvi
Taiwan stocks edged higher on Tuesday as falling oil prices spurred buying in transportation shares, with the main index on track for a 2014 gain of around 8 percent. As of 0135 GMT, the main TAIEX index rose 17.90 points to 9304.18, after closing up 0.7
US Treasuries prices rose on Monday on safety buying after the Greek parliament rejected the prime minister's presidential candidate, setting the stage for an election that the left-wing Syriza party, which opposes the EU/IMF bailout, could win.
Trading v
US Treasuries prices rose on Monday on safety buying after the Greek parliament rejected the prime minister's presidential candidate, setting the stage for an election that the left-wing Syriza party, which opposes the EU/IMF bailout, could win.
Trading v
South African stocks fell on Tuesday, as bluechip heavyweight such as Sasol took a knock from falling global oil prices which tumbled to fresh multi-year lows. Sasol, which sells oil and synthetic fuel, fell 2.7 percent to 436 rand. Around 40 percent of i
China's main share index ended slightly lower on Tuesday with most investors reluctant to stake out fresh positions ahead of the year-end holidays, but mainland stocks looked set to end 2014 with world-beating gains of nearly 50 percent. Traders said inve
Indian shares ended flat on Tuesday as weaker regional shares offset optimism over additional reforms a day after the government passed an executive order to ease land-acquisition rules. Monday's announcement could kick-start hundreds of billions of dolla
Japanese stocks ended 2014 on a down note on Tuesday, as investors closed positions before extended new year holidays and worries about Greek politics sapped risk appetites. "There was selling today as investors thought the Nikkei's a little too high at t
Indonesia's main index hit a more than three-month high on Tuesday after late buying in large-caps, posting its best yearly gain since 2010, while the Thai benchmark edged lower due to losses in energy shares, though it ended the year with strong gains. J
Hong Kong shares finished lower on Tuesday as growing uncertainties at home and abroad dampened investor sentiment. Investors are worried about fallout from months of pro-democracy protests on the local economy while political uncertainties in Greece sapp
European shares fell on Tuesday, the last full trading day of the year, with energy companies hit as Brent oil touched a 5-1/2-year low on persistent concerns about a global supply glut. The STOXX Europe 600 oil & gas index dropped 1.8 percent, taking its
The Indian rupee rebounded sharply on Tuesday after four consecutive sessions of losses as a weakening dollar prompted exporters to sell the US currency, while a spurt in buying of domestic debt by foreign investors also helped. The yen gained sharply aga
The euro dipped to a 29-month low against the dollar on Tuesday as the announcement of a snap election in Greece threw the country into a fresh round of political turmoil. The austerity-minded leading coalition in Greece failed on Monday to secure enough
The yen gained sharply against the dollar and euro on Tuesday as investors sought the traditional safety of the Japanese currency amid end-of-year nerves over looming economic risks. The risk of Greece dropping out of the euro zone returned to haunt the s
The US dollar dipped against major currencies on Tuesday after traders booked profits from recent multi-year highs in the greenback, while the safe-haven yen benefited from the move. The dollar, which hit fresh nearly nine-year highs against a basket of m
The US dollar hit fresh highs against the euro not touched in nearly 29 months on Monday as traders expecting tighter monetary policy in the United States compared to other economies saw little reason to halt this year's rally in the greenback. The euro f
Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.95-77.95 (previous 77.9450-77.9500). Call Money Rates: 07.00-09.90 percent (* Previous 07.00-09.75 percent). (* revised).
Norway's central bank will sell foreign exchange equivalent of 500 million crowns ($67.3 million) per day from in January after selling 250 million crowns per day December 1-12, it said in a statement on Wednesday. The bank is selling the currency because
Norway's central bank will sell foreign exchange equivalent of 500 million crowns ($67.3 million) per day from in January after selling 250 million crowns per day December 1-12, it said in a statement on Wednesday. The bank is selling the currency because
Sri Lankan rupee forwards ended slightly firmer on Tuesday as inflows into some banks offset importer dollar demand, though dealers said unusual year-end demand for the greenback from importers still weighed on the currency. Four-day forwards, which were
Most emerging Asian currencies eased on Tuesday in the face of broad US dollar strength, with China's yuan hitting its weakest in more than six months. The yuan fell as much as 0.2 percent to 6.2362 per dollar, its weakest since June, and almost touched i
China's yuan closed up 0.3 percent against the dollar on Tuesday, its strongest one-day gain since March, after the country's foreign exchange regulator published new rules further liberalising the currency market. The yuan closed at 6.2020 per dollar, af
The Canadian dollar was little changed against the greenback on Monday and was expected to trade in a tight range this week, with the currency on track to close out its worst year since 2008. Investors were keeping an eye on developments in Greece as it h
The Australian dollar languished near 4-1/2-year lows on Tuesday, while the New Zealand dollar held steady in a market lacking conviction with many investors having closed their books for the year. The Australian dollar was steady at $0.8127, having drift
British press reports linking West Bromwich Albion's out-of-favour striker Saido Berahino with a move to Liverpool are "entire fabrication", his club declared via Twitter on Tuesday. Burundi-born Berahino, 21, made a stunning start to the season, scoring
Zimbabwe Cricket has appointed Australia's former international Dav Whatmore as national coach ahead of the 2015 World Cup, a top union official announced Tuesday. Whatmore replaces Stephen Mangongo who was fired less than two weeks ago over the national
India's World Cup-winning captain Mahendra Singh Dhoni retired Tuesday from Test cricket shortly after his team lost yet another overseas series, this time against Australia. Dhoni, who is one of the world's highest-earning sportsman, has chosen "to retir
The main international sport appeal court on Tuesday backed a one year transfer ban against Barcelona in a major blow to the Spanish football giants. The Court of Arbitration for Sport (CAS) "dismissed" a Barcelona appeal against the FIFA ban imposed in A
Australia regained the Border-Gavaskar Trophy after India hung on for a tense draw in the third Test in Melbourne on Tuesday. India were never in the hunt on the final day after Australia took till lunch to declare at 318 for nine, leaving them to chase 3
Japanese boxing wonderboy Naoya Inoue dethroned Omar Narvaez of Argentina with a second-round knockout and grabbed the World Boxing Organisation junior bantamweight title. The unbeaten 21-year-old previously captured the World Boxing Council light flyweig
South Africa and the West Indies will travel to Cape Town for the third and final Test after rain and a wet outfield cut more than half the playing time from the second Test at St George's Park on Tuesday. No play was possible on the final day and the mat
Adam Lallana fired Liverpool to their biggest home win of the season as the England midfielder's brace inspired a 4-1 rout of Swansea on Monday. Brendan Rodgers' side scored four for the first time since March thanks to Lallana's second half double after
Greece started counting down Tuesday to a snap election next month as the prime minister warned that the ballot will determine whether the crisis-hit country remains part of the eurozone. "This struggle will determine whether Greece stays in Europe," Anto
A group of disaffected soldiers launched a foiled coup bid in The Gambia on Tuesday while the president was abroad, military and diplomatic sources said. Forces loyal to President Yahha Jammeh, who has ruled the small west African nation for 20 years, kil
Iraqi forces on Tuesday completed the recapture of the town of Dhuluiyah, parts of which had been held by the Islamic State jihadist group for months, commanders said. Pro-government forces had pushed into the town, located 90 kilometres (55 miles) outsid
Indonesian rescuers searching for an AirAsia plane carrying 162 people pulled bodies and wreckage from the sea off the coast of Borneo on Tuesday, prompting relatives of those on board watching TV footage to break down in tears. Indonesia AirAsia's Flight
Korean Air heiress Cho Hyun-Ah was arrested Tuesday for delaying a flight with a tantrum over snacks in a "nut rage" incident that caused a national uproar, according to a media report. Cho has been accused of forcing the chief purser off a December 5 New
A newly re-elected US congressman said Tuesday he would step down, one week after he pleaded guilty to felony tax evasion in New York. Republican Michael Grimm, a former FBI agent who represents parts of New York's Staten Island and Brooklyn, was re-elect
Ukraine on Tuesday sealed an additional nuclear fuel supply deal with US giant Westinghouse in order to ease its energy dependence on Russia. Westinghouse Electric Company said it signed a deal in Brussels with Ukraine's Energoatom state nuclear power pro
Luise Rainer, the 1930s film star who won two Oscars in a row before turning her back on Hollywood, died Tuesday, her daughter said. At 104, she was the oldest surviving Academy Award winner. She passed away before dawn at her home in London, Francesca Kn
A Russian court gave Kremlin critic Alexei Navalny a suspended sentence on Tuesday for embezzling money but jailed his brother for three and a half years in a case seen as part of a campaign to stifle dissent. As hundreds of his supporters gathered in fro
A powerful blast from explosives planted in a tunnel under the Old City of Aleppo, in northern Syria, killed seven government troops Tuesday, a monitor said in a new toll. Jabha Shamiyeh, a new rebel coalition in Aleppo, was behind the blast, said the Syr
The United States named nine individuals and entities to its Iran sanctions blacklist Tuesday, most of them for helping Tehran obtain US banknotes worth hundreds of millions of dollars. The US Treasury named five men from Iran and other countries, and Dub
Cotton futures rose the most in a week on Monday after a US government report showed that export sales hit a marketing-year high in the latest week, with buyers in top consumer China leading the buying spree. The most-active March cotton contract on ICE F
The most-traded copper contract on the Shanghai Futures Exchange finished 0.2 percent higher at 45,290 yuan a tonne on Tuesday. "We think the price has a little bit more room to fall, I will not be surprised to see prices go down to $6,000 a tonne," said
Copper rose on Tuesday as year-end book squaring prompted investors to reverse positions after they had knocked the metal down to its lowest in 4-1/2 year on concerns about slowing growth in China and a looming surplus. A weaker dollar also helped copper
Brent crude fell on Tuesday despite support from a weakening US dollar as oversupply from major oil producers continued to push prices lower. Brent and US crude oil both hit 5-year lows yesterday before rebounding slightly. Richard Hastings of Global Hunt
Benchmark Tokyo rubber futures jumped to their highest in nearly six months on Tuesday, supported by sharp gains in Shanghai on bets that easier credit in top consumer China could stoke demand. The Tokyo Commodity Exchange rubber contract for June deliver