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
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
England were knocked out of the World Cup by a spirited Bangladesh who grabbed a quarter-final spot following a dramatic 15-run victory in a tight Pool A match in Adelaide on Monday. Put into bat, Mahmudullah struck Bangladesh's first World Cup century an
England were knocked out of the World Cup by a spirited Bangladesh who grabbed a quarter-final spot following a dramatic 15-run victory in a tight Pool A match in Adelaide on Monday. Put into bat, Mahmudullah struck Bangladesh's first World Cup century an
The Islamabad High Court (IHC) on Monday upheld the death sentence for Mumtaz Qadri - the killer of the then governor Punjab Salmaan Taseer - under Section-302 of Pakistan Penal Code (PPC) only and struck down the sentence for terrorism. A two-member benc
The Islamabad High Court (IHC) on Monday upheld the death sentence for Mumtaz Qadri - the killer of the then governor Punjab Salmaan Taseer - under Section-302 of Pakistan Penal Code (PPC) only and struck down the sentence for terrorism. A two-member benc
The opposition political parties on Monday announced that they would field Pakistan People's Party's (PPP) Senator Raza Rabbani as their consensus candidate for the post of chairman Senate while leaving the slot of deputy chairman for Balochistan which wi
The opposition political parties on Monday announced that they would field Pakistan People's Party's (PPP) Senator Raza Rabbani as their consensus candidate for the post of chairman Senate while leaving the slot of deputy chairman for Balochistan which wi
Prime Minister Nawaz Sharif has invited leaders of all political parties to a meeting on Tuesday. During the meeting, which will take place at Prime Minister House, matters pertaining to the elections of Chairman and Deputy Chairman Senate will be discuss
Prime Minister Nawaz Sharif has invited leaders of all political parties to a meeting on Tuesday. During the meeting, which will take place at Prime Minister House, matters pertaining to the elections of Chairman and Deputy Chairman Senate will be discuss
The elections for chairman and deputy chairman Senate will be held on March 12 ahead of any decision on the four vacant seats of FATA, as the existing strength of the Upper House allows for holding elections for the top Senate slots from a legal standpoin
The elections for chairman and deputy chairman Senate will be held on March 12 ahead of any decision on the four vacant seats of FATA, as the existing strength of the Upper House allows for holding elections for the top Senate slots from a legal standpoin
A three-member International Monetary Fund (IMF) mission has met with senior officials of Finance Ministry and Federal Board of Revenue (FBR) to seek assurances before submitting the final staff level mission report on Sixth Review of Extended Fund Facili
A three-member International Monetary Fund (IMF) mission has met with senior officials of Finance Ministry and Federal Board of Revenue (FBR) to seek assurances before submitting the final staff level mission report on Sixth Review of Extended Fund Facili
The rupee showed a divergent trend against the dollar on the money market on Monday in the process of trading, dealers said. The rupee posted a fresh gain of 13-paisa in terms of the dollar for buying and selling at Rs 101.67 and Rs 101.70 respectively, t
A three-member International Monetary Fund (IMF) mission has met with senior officials of Finance Ministry and Federal Board of Revenue (FBR) to seek assurances before submitting the final staff level mission report on Sixth Review of Extended Fund Facili
The rupee showed a divergent trend against the dollar on the money market on Monday in the process of trading, dealers said. The rupee posted a fresh gain of 13-paisa in terms of the dollar for buying and selling at Rs 101.67 and Rs 101.70 respectively, t
The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks and implementation of a reform programme to secure urgently needed fresh funds from its international creditors. "Little has been done s
The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks and implementation of a reform programme to secure urgently needed fresh funds from its international creditors. "Little has been done s
The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks and implementation of a reform programme to secure urgently needed fresh funds from its international creditors. "Little has been done s
Prime Minister Nawaz Sharif on Monday said the national consensus, achieved against terrorism, was an opportunity to carve out a national development agenda for country's bright future. He was addressing the inaugural ceremony of modern Multan Internation
Prime Minister Nawaz Sharif on Monday said the national consensus, achieved against terrorism, was an opportunity to carve out a national development agenda for country's bright future. He was addressing the inaugural ceremony of modern Multan Internation
Prime Minister Nawaz Sharif on Monday said the national consensus, achieved against terrorism, was an opportunity to carve out a national development agenda for country''s bright future. He was addressing the inaugural ceremony of modern Multan Internatio
The banking sector's cash recovery against Non-Performing Loans (NPLs) is weakening as it posted a notable decline of 10 percent during last calendar year (CY14).
The banking sector's cash recovery against Non-Performing Loans (NPLs) is weakening as it posted a notable decline of 10 percent during last calendar year (CY14).
The banking sector''s cash recovery against Non-Performing Loans (NPLs) is weakening as it posted a notable decline of 10 percent during last calendar year (CY14).
The KSE-100 share index fell by 403 points or 1.21 percent to 32,860.57 points Monday compared to 33,263.66 points Friday, weighed mainly by foreign selling. Consistent foreign selling, lack of immediate triggers and the consequent institutional profit-ta
The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting of the Cabinet Committee on Privatisation (CCoP) on Monday at the Finance Ministry for setting up the reference Price of the Heavy Electrical Complex (HEC). Chairman Privatisati
Commerce Minister Engineer Khurram Dastgir Khan has said that used cars do not create employment in the country. In a recent interaction with the local auto industry, he said the government will have to strike a balance between the interests of consumers,
The Federal Board of Revenue (FBR) is charging Federal Excise Duty (FED) on banking, insurance and franchise services at federal level despite payment of sales tax at provincial level, reflecting double taxation on these services. The FBR data revealed th
The Federal Board of Revenue (FBR) is charging Federal Excise Duty (FED) on banking, insurance and franchise services at federal level despite payment of sales tax at provincial level, reflecting double taxation on these services. The FBR data revealed th
The Federal Board of Revenue (FBR) is charging Federal Excise Duty (FED) on banking, insurance and franchise services at federal level despite payment of sales tax at provincial level, reflecting double taxation on these services. The FBR data revealed th
The Arab League called for the creation of a regional force to combat militants as countries face a growing threat from Islamic State and other groups. The ultra-radical group has taken over swathes of Iraq and Syria and splinter groups in other countries
The Arab League called for the creation of a regional force to combat militants as countries face a growing threat from Islamic State and other groups. The ultra-radical group has taken over swathes of Iraq and Syria and splinter groups in other countries
Pakistan on Monday conducted a successful test launch of Shaheen-III surface-to-surface ballistic missile, capable of carrying nuclear and conventional warheads to a range of 2750kms. The test launch was aimed at validating various designs and technical p
Pakistan on Monday conducted a successful test launch of Shaheen-III surface-to-surface ballistic missile, capable of carrying nuclear and conventional warheads to a range of 2750kms. The test launch was aimed at validating various designs and technical p
Some unidentified militants on Monday killed two policemen in Janglat area of Noshki. According to police sources, unidentified gunmen opened fire at police's vehicle, killing two policemen on the spot. The assailants managed to escape from the site after
Some unidentified militants on Monday killed two policemen in Janglat area of Noshki. According to police sources, unidentified gunmen opened fire at police's vehicle, killing two policemen on the spot. The assailants managed to escape from the site after
The Senate Monday passed "The Privatisation Commission (Amendment) Bill, 2015 and The Provincial Motor Vehicles (Amendment) Bill, 2015". As many as six bills were introduced and five resolutions were passed by Senate on private members day. Similarly, 10
The Senate Monday passed "The Privatisation Commission (Amendment) Bill, 2015 and The Provincial Motor Vehicles (Amendment) Bill, 2015". As many as six bills were introduced and five resolutions were passed by Senate on private members day. Similarly, 10
The Senate Monday passed "The Privatisation Commission (Amendment) Bill, 2015 and The Provincial Motor Vehicles (Amendment) Bill, 2015". As many as six bills were introduced and five resolutions were passed by Senate on private members day. Similarly, 10
The Senate Monday passed "The Privatisation Commission (Amendment) Bill, 2015 and The Provincial Motor Vehicles (Amendment) Bill, 2015". As many as six bills were introduced and five resolutions were passed by Senate on private members day. Similarly, 10
US-led coalition air strikes on oil refineries run by the Islamic State group in northern Syria killed 30 people, mostly jihadists, a monitoring group said on Monday. The Syrian Observatory for Human Rights said coalition warplanes launched two strikes Su
US-led coalition air strikes on oil refineries run by the Islamic State group in northern Syria killed 30 people, mostly jihadists, a monitoring group said on Monday. The Syrian Observatory for Human Rights said coalition warplanes launched two strikes Su
The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting of the Cabinet Committee on Privatisation (CCoP) on Monday at the Finance Ministry for setting up the reference Price of the Heavy Electrical Complex (HEC). Chairman Privatisati
The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting of the Cabinet Committee on Privatisation (CCoP) on Monday at the Finance Ministry for setting up the reference Price of the Heavy Electrical Complex (HEC). Chairman Privatisati
Gold edged higher on Monday as the dollar rally paused and European shares fell, but it remained near a three-month low after a US jobs report boosted expectations that the Federal Reserve would raise interest rates soon. Spot gold was up 0.2 percent at $
Gold edged up on Monday, but remained near a three-month low as the dollar hit an 11-year high after a strong US jobs report boosted expectations the Federal Reserve would soon hike interest rates. Spot gold rose to $1,172.41 an ounce by 0733 GMT, retaini
Arabica coffee futures on ICE fell 4 percent on Monday, heading down toward a 13-month low on a fresh wave of largely speculative selling as the Brazilian currency continued to weaken. Raw sugar also dropped, nearing the lowest level since 2010, while coc
Malaysian palm oil futures fell to a near two-week low on Monday, after planters' estimates showed steady palm output in the second largest producer, countering expectation of a fall. The impetus for foreign buying from a weaker ringgit was offset by loss
Benchmark Tokyo rubber futures ended up 0.3 percent on Monday, marking their first gain in three days, helped by the rebound in Shanghai futures and a weaker yen, though dealers said market fundamentals remained weak amid slowing demand in top consumer Ch
Copper rebounded on Monday from a two-week low as investors shrugged off weak trade data from top metals consumer China and bet that demand would increase there after a public holiday. Also contributing to gains was a jump in Chinese banking shares on exp