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May 13, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-03-31
HDFC Bank third quarter profit up

HDFC Bank third quarter profit up

India's HDFC Bank Ltd said on Saturday its quarterly net profit grew by a fifth, helped by a surge in corporate and retail credit demand amid hopes of a pick-up in Asia's third-largest economy. New Delhi expects the economy to grow an annual 7.4 percent i
Published 31 Mar, 2015 12:00am
ECP mulling outsourcing printing of ballot papers

ECP mulling outsourcing printing of ballot papers

Election Commission of Pakistan (ECP) is considering outsourcing printing of ballot papers for local government elections in Sindh and Punjab - a move that may generate another controversy. The commission is already dealing with criticism for the purporte
Published 31 Mar, 2015 12:00am
Dow Chemical to sell most chlorine assets in $5 billion deal

Dow Chemical to sell most chlorine assets in $5 billion deal

Dow Chemical Co will separate a portion of its century-old chlorine business and sell it to Olin Corp in a tax-efficient deal worth $5 billion as part of efforts to shed low-margin assets. The deal will make smaller rival Olin the world's largest producer
Published 31 Mar, 2015 12:00am
ECP mulling outsourcing printing of ballot papers

ECP mulling outsourcing printing of ballot papers

Election Commission of Pakistan (ECP) is considering outsourcing printing of ballot papers for local government elections in Sindh and Punjab - a move that may generate another controversy. The commission is already dealing with criticism for the purporte
Published 31 Mar, 2015 12:00am
Environmental group seeks greater protection for USDA scientists

Environmental group seeks greater protection for USDA scientists

An environmental activist group has filed a legal petition with the US Department of Agriculture seeking new rules that would enhance job protection for government scientists whose research questions the safety of farm chemicals.
Published 31 Mar, 2015 12:00am
Swiss bank BSI fined $211 million in US tax evasion case

Swiss bank BSI fined $211 million in US tax evasion case

Swiss Bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade US taxes, the Justice Department announced Monday. BSI employed myriad schemes to facilitate tax evasion, such as creating false-front cor
Published 31 Mar, 2015 12:00am
Struggling middle class 'Aldi Mums' at heart of UK election

Struggling middle class 'Aldi Mums' at heart of UK election

Whether labelled "Worcester Woman" or "Aldi Mum", the struggling middle class is at the heart of the campaign for Britain's May elections despite an economic recovery under David Cameron's coalition. The terms refer to a key swing constituency in England'
Published 31 Mar, 2015 12:00am
Swiss bank BSI fined $211 million in US tax evasion case

Swiss bank BSI fined $211 million in US tax evasion case

Swiss Bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade US taxes, the Justice Department announced Monday. BSI employed myriad schemes to facilitate tax evasion, such as creating false-front cor
Published 31 Mar, 2015 12:00am
Swiss bank BSI fined $211 million in US tax evasion case

Swiss bank BSI fined $211 million in US tax evasion case

Swiss Bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade US taxes, the Justice Department announced Monday. BSI employed myriad schemes to facilitate tax evasion, such as creating false-front cor
Published 31 Mar, 2015 12:00am
South Korean retail sales up but less than estimated

South Korean retail sales up but less than estimated

Sales at South Korea's top department stores rose at the fastest annual pace in six months in February but growth was slower than estimated earlier, revised government data showed on Sunday. Combined sales last month at department stores run by Hyundai De
Published 31 Mar, 2015 12:00am
One killed as police fire on car at US spy Headquarters

One killed as police fire on car at US spy Headquarters

US police opened fire and one suspect died Monday after two men dressed in women's clothing tried to ram their car onto the grounds of the National Security Agency outside Washington. One police officer and a second suspect were hurt in the incident, said
Published 31 Mar, 2015 12:00am
One killed as police fire on car at US spy Headquarters

One killed as police fire on car at US spy Headquarters

US police opened fire and one suspect died Monday after two men dressed in women's clothing tried to ram their car onto the grounds of the National Security Agency outside Washington. One police officer and a second suspect were hurt in the incident, said
Published 31 Mar, 2015 12:00am
Weak capital ties Italian banks to bad debts

Weak capital ties Italian banks to bad debts

Italian banks are struggling to sell billions of euros of bad debts, making it hard for them to support new lending and help the country leave behind a three-year recession. The bad debts, piled up during the worst economic slump since World War Two, ling
Published 31 Mar, 2015 12:00am
Intelligence agencies can tap phones of suspected terrorists

Intelligence agencies can tap phones of suspected terrorists

The intelligence agencies have blanket permission to tap phones of suspected terrorists and criminals while they need prior permission of prime minister to tap telephones of individuals, including the parliamentarians.
Published 31 Mar, 2015 12:00am
New streaming apps could boost citizen journalism

New streaming apps could boost citizen journalism

When three buildings collapsed and ignited a blaze in New York on Thursday, a smartphone app brought the live video feed to anyone online wanting to watch. The disaster took place, coincidentally, the same day as the launch of Twitter's new livestream app
Published 31 Mar, 2015 12:00am
Intelligence agencies can tap phones of suspected terrorists

Intelligence agencies can tap phones of suspected terrorists

The intelligence agencies have blanket permission to tap phones of suspected terrorists and criminals while they need prior permission of prime minister to tap telephones of individuals, including the parliamentarians.
Published 31 Mar, 2015 12:00am
Russia's rich forego some luxuries but still back Putin

Russia's rich forego some luxuries but still back Putin

Russian model Alisa Krylova cancelled her order for the latest Mercedes, spent New Year in Moscow rather than skiing in the Alps and now employs Russian staff rather than foreigners. The former Mrs Russia and Mrs Globe beauty pageant winner is among Russi
Published 31 Mar, 2015 12:00am
Textile exporters highlight issues hindering exports

Textile exporters highlight issues hindering exports

Textile exporters have termed the over valuation of the rupee, high utility costs, Rs 70 billion working capital withheld by the government due to delayed refunds, as well as growing fear of a recession in the European Union (EU) as primary factors for de
Published 31 Mar, 2015 12:00am
Flooded Argentine soya fields helped by dry, hot weather

Flooded Argentine soya fields helped by dry, hot weather

Sunny weather over the last week helped Argentine farmers reclaim soyabean fields in the northern Pampas region that had been flooded by heavy February and early March rains, the Buenos Aires Grains Exchange said in its weekly report on Thursday. The coun
Published 31 Mar, 2015 12:00am
Iranian CG meets Wattoo

Iranian CG meets Wattoo

Iranian Counsel General Lahore Muhammad Hussain Bani Asadi met Pakistan Peoples' Party Punjab President Manzoor Ahmad Wattoo on Monday for an hour at his Model Town home where they discussed about matters of mutual interest, including Yemen. The politicia
Published 31 Mar, 2015 12:00am
Malaysia's 2015 rubber output seen up 22 percent

Malaysia's 2015 rubber output seen up 22 percent

Malaysia's natural rubber production could jump 22 percent in 2015 to 800,000 tonnes as higher prices and government incentives for production prompt farmers to increase tapping, the head of the Malaysian Rubber Board said on Thursday.
Published 31 Mar, 2015 12:00am
Morocco on course to harvest record cereal crop

Morocco on course to harvest record cereal crop

Morocco is on course to harvest a record cereal crop of more than 10 million tonnes this year after favourable rainfall so far during the growing season, a farm ministry official said on Monday. "We think there could be record production. We could have mo
Published 31 Mar, 2015 12:00am
NA-125: Saad records statement in election tribunal

NA-125: Saad records statement in election tribunal

Railways Minister Khawaja Saad Rafiq on Monday recorded his statement in an election tribunal in a case of alleged rigging in his elect constituency NA-125. The tribunal adjourned to April 3 the proceedings of a petition filed by Pakistan Tehreek Insaf ru
Published 31 Mar, 2015 12:00am
Gold drops in Europe

Gold drops in Europe

Gold fell more than 1 percent on Monday as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates this year. Chairwoman Janet Yellen said on Friday an increase in the Fed's benchmark rate "may well be warrante
Published 31 Mar, 2015 12:00am
12 die in 577 road traffic accidents

12 die in 577 road traffic accidents

As many as 12 people died and 498 seriously injured in as 577 road traffic accidents reported in Rescue 1122's Provincial Monitoring Cell (PMC) in all 36 districts of Punjab during the last 24 hours.
Published 31 Mar, 2015 12:00am
Gold falls in Asia

Gold falls in Asia

Gold dropped for a second straight session on Monday, slipping further from a three-week high, as the dollar climbed after Federal Reserve Chair Janet Yellen signaled the US central bank may be on course to raise interest rates later this year. Bullion ma
Published 31 Mar, 2015 12:00am
Dubai consumer fair: shoppers using illegal channel to face action: FBR

Dubai consumer fair: shoppers using illegal channel to face action: FBR

The Director General, Intelligence and Investigation, Inland Revenue has formed special teams at Islamabad, Lahore and Karachi to take action against those tax evaders who will bring home appliances and IT equipment, etc, purchased from GITEX Shopper at D
Published 31 Mar, 2015 12:00am
Sugar hits lowest in more than six years on ample supplies

Sugar hits lowest in more than six years on ample supplies

Raw sugar on ICE steadied after dipping to its lowest in more than six years on Monday on the back of abundant supplies, while cocoa eased with traders noting a quiet start for new euro-based CME and ICE contracts. Arabica coffee futures edged down, cappe
Published 31 Mar, 2015 12:00am
Pervaiz Vandal Award for Art, Architecture announced

Pervaiz Vandal Award for Art, Architecture announced

The Pervaiz Vandal Award for Art and Architecture was announced by Professor Dr Pervaiz Vandal's family, students and friends in recognition and acknowledgement in recognition of completion of 50 years of his teaching that marked his 75th birthday. A cere
Published 31 Mar, 2015 12:00am
Palm oil hits near two-week low

Palm oil hits near two-week low

Malaysian palm oil futures touched a near two-week low on Monday, before reversing losses to end positive as traders positioned themselves ahead of export data due later this week. The benchmark June contract on the Bursa Malaysia Derivatives ended 1 perc
Published 31 Mar, 2015 12:00am
Violation of Customs laws: UK Border Force issues 'Yellow card' to PIA

Violation of Customs laws: UK Border Force issues 'Yellow card' to PIA

UK Border Force (BF) has issued 'Yellow card' and mounted stiff surveillance on Pakistan International Airlines' crew members after detecting misuse of Heathrow Crew Clearance facility by its crew, who reportedly brought substantial quantity of goods to U
Published 31 Mar, 2015 12:00am
Poland's KGHM sees average copper price at $6,000

Poland's KGHM sees average copper price at $6,000

Europe's No 2 copper producer, Poland's KGHM, expects this year's average copper price to be in a range of $6,000-6,600 per tonne, the group's chief executive said on Tuesday.
Published 31 Mar, 2015 12:00am
SHC rejects petition to reschedule SSC exams

SHC rejects petition to reschedule SSC exams

The Sindh High Court on Monday rejected a petition against the rescheduling of Secondary School Certificate (classes IX and X) annual examinations 2015 for by-polls to the National Assembly constituency NA-246 in Karachi. Petitioner Usman Moazzam Siddiqui
Published 31 Mar, 2015 12:00am
Pakistan offers tremendous FDI opportunities: President

Pakistan offers tremendous FDI opportunities: President

President Mamnoon Hussain said that as the government was keen to provide a level-playing field to all international and local businesses, Pakistan had offered tremendous opportunities for foreign direct investment (FDI).
Published 31 Mar, 2015 12:00am
Water inflow in four rivers rises to 330,000 cusecs

Water inflow in four rivers rises to 330,000 cusecs

The water inflow in four live rivers has risen to 3,30, 000 cusecs after ongoing widespread rains in upcountry which have also delayed harvesting of Kharif crops and damaged ripe grams, lentils and tomato crops.
Published 31 Mar, 2015 12:00am
Rubber drops

Rubber drops

Benchmark Tokyo rubber futures dropped to a nearly three-week low on Monday as slumping oil prices and weaker Shanghai futures prompted fresh sell orders amid lingering concerns about slow demand in China, the world's top buyer, dealers said. The Tokyo Co
Published 31 Mar, 2015 12:00am
Oil down as Iran races for deadline on nuclear deal

Oil down as Iran races for deadline on nuclear deal

Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market. The two sid
Published 31 Mar, 2015 12:00am
Ample supply sends nickel to its lowest since 2009

Ample supply sends nickel to its lowest since 2009

Nickel hit its lowest price in nearly six years on Monday after faltering demand for stainless steel and worries that a new tax in Malaysia might push more metal onto the market dented sentiment. LME nickel dropped 1.8 percent to trade at $13,050 in offic
Published 31 Mar, 2015 12:00am
Four killed in Chiniot road accident

Four killed in Chiniot road accident

As many as four people including two children died and four others injured in collision between two vehicles here on Monday. Rescue sources said that the accident took place at Lahore Road near Burjian Stop in Chiniot where an over speeding dumper rammed
Published 31 Mar, 2015 12:00am
Shanghai copper little changed

Shanghai copper little changed

The most-traded June copper contract on the Shanghai Futures Exchange ended little changed at 43,830 yuan ($7,062) a tonne on Monday. The Shanghai Futures Exchange's (ShFE) new nickel contract fell 4 percent during its second day of trade, before ending d
Published 31 Mar, 2015 12:00am
Anti-polio campaign begins in Peshawar

Anti-polio campaign begins in Peshawar

A three-day special campaign here on Monday started in provincial capital to vaccinate polio drops more than 1.204 million children below age of five under the fourth round of the Sehat-Ka-Ittehad Programme.
Published 31 Mar, 2015 12:00am
Euronext sticks by new wheat contract after stalled start

Euronext sticks by new wheat contract after stalled start

Euronext plans to drop its established wheat futures before the 2018 harvest in favour of a just-launched premium wheat contract, the exchange said on Tuesday, shrugging off an awkward start for the new product.
Published 31 Mar, 2015 12:00am
KP Police arrest 566 suspects under NAP

KP Police arrest 566 suspects under NAP

Khyber Pakhtunkhwa police rounded up 566 suspects and recovered huge cache of arms and ammunition in the ongoing search and strike operation being conducted under National Action Plan (NAP) in the province.
Published 31 Mar, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 31 Mar, 2015 12:00am
Over 70 Pak exporters participating in Hong Kong APLF-2015

Over 70 Pak exporters participating in Hong Kong APLF-2015

As many as 70 Pakistani exporters are participating in Asia Pacific Leather Fair (APLF-2015) in Hong Kong to take maximum advantages by getting share of the Chinese markets to expand the trade volume with China/Hong Kong.
Published 31 Mar, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 31 Mar, 2015 12:00am
KP PDWP approves three projects of ST&IT department

KP PDWP approves three projects of ST&IT department

The Provincial Development Working Party (PDWP) in its meeting approved three projects pertaining to ST&IT Department worth of Rs 404.988 million. The meeting was held under the Chairmanship of Dr Hammad Owais Agha, Additional Chief Secretary Khyber Pakht
Published 31 Mar, 2015 12:00am
Lower exports

Lower exports

Commerce Minister Khurram Dastgir reportedly rejected the conclusions drawn by his own ministry with respect to the reasons behind a decline in exports. The Commerce Minister directed his team to seek exporters' views - the major stakeholders - while prep
Published 31 Mar, 2015 12:00am
SBBWUP holds event on 23rd March: A Road Ahead

SBBWUP holds event on 23rd March: A Road Ahead

Shaheed Benazir Bhutto Women University Peshawar (SBBWUP) organised an event on "23rd March: A Road Ahead," at main campus here on Monday. The Vice Chancellor SBBWUP Dr Razia Sultana, Dr Ijaz Khan from Department of International Relations, University of
Published 31 Mar, 2015 12:00am
Why party-less elections?

Why party-less elections?

Even less than two years on, the ruling PML (N) is opposed to party-based local bodies elections, lending credence to its perceived fears the outcome may go against it and giving an element of legitimacy to the charge that May-2013 general elections were
Published 31 Mar, 2015 12:00am
Solar Impulse lands in China after 22-hour flight from Myanmar

Solar Impulse lands in China after 22-hour flight from Myanmar

Solar Impulse 2 landed early Tuesday in China, the world's biggest carbon emitter, as it completed the fifth leg of its landmark circumnavigation of the globe powered solely by the sun. With pilot Bertrand Piccard at the controls, the revolutionary plane
Published 31 Mar, 2015 12:00am
Self-delusions galore

Self-delusions galore

Rarely do prime ministers congratulate their nations on a slight upgrade in credit rating of the country (in this case by Moody's) but our Prime Minister did so. Remember, how the optimism of credit rating agencies about prospects of the Asset Backed Secu
Published 31 Mar, 2015 12:00am
Prince William starts new job in the skies

Prince William starts new job in the skies

Britain's Prince William took up his new job as an air ambulance pilot on Monday, though he will only start flying rescue missions later this year, his office said. "The Duke of Cambridge has today started work as an employee of Bond Air Services," Kensin
Published 31 Mar, 2015 12:00am
Once-bullish fund managers start to capitulate on oil prices

Once-bullish fund managers start to capitulate on oil prices

Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and Eagle Materia
Published 31 Mar, 2015 12:00am
Campaign kicks off for tight British election

Campaign kicks off for tight British election

British Prime Minister David Cameron warned voters they face a "stark choice" in May's tight general election as he kicked off campaigning Monday after a ceremonial visit to Queen Elizabeth II. Cameron met the 88-year-old head of state at Buckingham Palac
Published 31 Mar, 2015 12:00am
Unlocking real estate for the masses

Unlocking real estate for the masses

Real estate is an important and a growing asset class especially in emerging economies. For general public (small savers), however, it is essentially inaccessible particularly in our part of the world where mortgage finance is virtually nonexistent. Real
Published 31 Mar, 2015 12:00am
Spanish hospital conducts complex face transplant

Spanish hospital conducts complex face transplant

A Spanish hospital said Monday it has successfully carried out the world's most complex face transplant, reconstructing the lower face, neck, mouth, tongue and back of the throat of a man terribly disfigured by disease. A team of 45 physicians, nurses, an
Published 31 Mar, 2015 12:00am
What is the real GDP growth rate?

What is the real GDP growth rate?

Why doesn't finance minister Ishaq Dar admit the fact that the Ministry of Planning, Development and Reform has revised downward the GDP growth rate of 2014-15 to 4.5 percent against the original target of 5.1 percent due to impediments in agriculture and
Published 31 Mar, 2015 12:00am
10 killed in Burundi landslides

10 killed in Burundi landslides

Landslides in Burundi have killed at least 10 people after torrential rains, a local governor said Monday, revising downwards an earlier toll after eight were found alive.
Published 31 Mar, 2015 12:00am
Kohat Cement

Kohat Cement

Initially established as State Cement of Pakistan in 1984, Kohat Cement emerged as a result of the government's privatization policy when it was acquired by private investors in 1992 through open bidding. At that time, the company operated a Romanian ceme
Published 31 Mar, 2015 12:00am
British couple found shot dead at their home in Spain

British couple found shot dead at their home in Spain

An elderly British couple have been found shot dead in their villa in south-eastern Spain, Spanish police said Monday. Police discovered the body of the two, both aged 77, at their home in Xalo near Benidorm on Spain's Costa Blanca, on Sunday after friend
Published 31 Mar, 2015 12:00am
Kohat Cement

Kohat Cement

Initially established as State Cement of Pakistan in 1984, Kohat Cement emerged as a result of the government's privatization policy when it was acquired by private investors in 1992 through open bidding. At that time, the company operated a Romanian ceme
Published 31 Mar, 2015 12:00am
US, UK fear possible interference in Nigeria vote count

US, UK fear possible interference in Nigeria vote count

US Secretary of State John Kerry and his British counterpart Philip Hammond Monday voiced fears over possible political interference in Nigeria's vote count, as the country awaited the results of weekend elections. "We have seen no evidence of systemic ma
Published 31 Mar, 2015 12:00am
SECP further relaxes trading restrictions on KSL

SECP further relaxes trading restrictions on KSL

The Securities and Exchange Commission of Pakistan (SECP) has further relaxed regulatory restrictions on the trading facilities of KASB Securities Limited (KSL). The financially-troubled KSL has got a green signal from the apex regulator to execute IDS (I
Published 31 Mar, 2015 12:00am
Boko Haram failed to disrupt Nigeria elections: UN

Boko Haram failed to disrupt Nigeria elections: UN

Boko Haram was unable to disrupt elections in Nigeria but its allegiance to Islamic State shows the group has an agenda that reaches well beyond Africa's most populous country, a UN envoy said Monday. Mohammad ibn Chambas, the UN envoy for West Africa, to
Published 31 Mar, 2015 12:00am
Altaf withdraws resignation as MQM chief within hours

Altaf withdraws resignation as MQM chief within hours

After announcing to resign from leading the party, Muttahida Qaumi Movement (MQM) chief Altaf Hussain withdrew his decision within hours on the insistence of party workers on Monday. The MQM chief tendered his resignation from party leadership to party of
Published 31 Mar, 2015 12:00am
Federal agents stole Bitcoin in Silk Road probe

Federal agents stole Bitcoin in Silk Road probe

Two undercover federal agents in the investigation of Bitcoin market Silk Road extorted and stole hundreds of thousands of dollars worth of the virtual currency for themselves, the US said Monday.
Published 31 Mar, 2015 12:00am
MQM suspends Faisal Sabzwari for not defending him in talk shows

MQM suspends Faisal Sabzwari for not defending him in talk shows

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has suspended party leader Faisal Sabzwari. According to sources, MQM chief Altaf Hussain not only suspended Faisal Sabzwari but also ordered him to tender his resignation from the Member of Provincial As
Published 31 Mar, 2015 12:00am
Iran, six powers entrenched as clock ticks to nuclear deadline

Iran, six powers entrenched as clock ticks to nuclear deadline

Iran and major powers were struggling on Monday to reach a preliminary nuclear accord as "gloom" set in, with both sides sticking to their positions a day before a self-imposed deadline. For days Iran, the United States, Britain, France, Germany, Russia a
Published 31 Mar, 2015 12:00am
EFU Life receives KSE Top Companies Award

EFU Life receives KSE Top Companies Award

EFU Life Assurance Limited, leading private sector life insurance company in the country, has been honoured for its excellent performance at the prestigious Karachi Stock Exchange (KSE) Top Companies Awards ceremony for the year 2013. Taher G. Sachak, CEO
Published 31 Mar, 2015 12:00am
Aussie dollar slips

Aussie dollar slips

The Australian dollar slipped to fresh one-week lows on Monday, falling for a fifth session in a move that is likely to fuel its retreat from a two-month peak. Not helping the Aussie was persistent weakness in iron ore prices, which plumbed fresh lows on
Published 31 Mar, 2015 12:00am
Pound hurt by political doubts

Pound hurt by political doubts

Sterling fell against the dollar and the euro on Monday, weighed down on the first official day of a national election campaign that looks set to give no party an outright majority. With parliament dissolved, Prime Minister David Cameron went to Buckingha
Published 31 Mar, 2015 12:00am
Sri Lankan rupee forwards slip

Sri Lankan rupee forwards slip

Sri Lankan rupee forwards ended weaker on Monday as importer dollar demand outpaced inflows from remittances and exporter sales, dealers said. Actively traded one-week forwards ended at 133.60/70 per dollar, sliding from Friday's close of 133.52/57, while
Published 31 Mar, 2015 12:00am
Police track down South Africa-based extortionist 'Mirza Bhai'

Police track down South Africa-based extortionist 'Mirza Bhai'

An anti-terrorism court in Karachi on Monday issued lifetime arrest warrants for South Africa-based Hafiz Furqan alias 'Mirza Bhai', accused of extorting money from doctors in India and Pakistan. According to police, Furqan is in hiding in South Africa an
Published 31 Mar, 2015 12:00am
Egyptian pound steady on official

Egyptian pound steady on official

Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday, and the domestic currency weakened on the black market. The central bank has kept the official exchange rate steady for more than a month afte
Published 31 Mar, 2015 12:00am
Patient Yellen fails to lift Asia FX

Patient Yellen fails to lift Asia FX

Most emerging Asian currencies slid on Monday amid expectations that the US Federal Reserve will start raising interest rates later this year, even though its chief reiterated that it may not rush to tighten monetary policy. The Malaysian ringgit hit a on
Published 31 Mar, 2015 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 31 Mar, 2015 12:00am
South Africa's rand hits one-week low

South Africa's rand hits one-week low

South Africa's rand extended losses against the dollar on Monday, hitting a new one-week low, as a basket of currencies suffered at the hand of a stronger greenback. At 1437 GMT the rand was trading 0.74 percent weaker at 12.1240 to the dollar compared wi
Published 31 Mar, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 31 Mar, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (March 30, 2015).

Published 31 Mar, 2015 12:00am
Euro down in Europe on Greece uncertainty

Euro down in Europe on Greece uncertainty

The euro fell on Monday, hurt by uncertainty over whether Greece and its creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20. Talks continued through the weekend and Athens sounded upbeat, b
Published 31 Mar, 2015 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (March 30, 2015).

Published 31 Mar, 2015 12:00am
Early trade in New York: euro falls on Greece debt worries

Early trade in New York: euro falls on Greece debt worries

The euro slumped against the dollar on Monday on worries over whether Greece would secure aid before it runs out of cash in three weeks, while the greenback gained versus other currencies on the view the Federal Reserve will raise US interest rates this y
Published 31 Mar, 2015 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (March 30, 2015).

Published 31 Mar, 2015 12:00am
Dollar rises against yen in Asia

Dollar rises against yen in Asia

The dollar inched higher versus the yen and euro on Monday after the head of the US Federal Reserve underscored the view that the Fed is likely to start raising interest rates gradually later this year. The dollar edged up 0.1 percent to 119.24 yen. It ha
Published 31 Mar, 2015 12:00am
Canadian $ softens on lower oil prices, weak data

Canadian $ softens on lower oil prices, weak data

The Canadian dollar was weaker against its US counterpart on Monday in light trading, pressured by lower oil prices and as investors looked ahead to domestic data later this week. US data showed consumer spending rose negligibly in February, the latest si
Published 31 Mar, 2015 12:00am
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