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
As we commemorate the birth of this great nation, on the auspicious occasion of the 69th Independence Day of Pakistan, I proudly congratulate and extend my sincere felicitations to the people and the Government of Pakistan. 68 years ago, a small but commi
Yes, why? Why Pakistan is hurtled from one crisis to another? Why democracy is still in doldrums, despite its long journey, albeit erratic at times, since the eventful February 2008 elections? Why, why and why?
The partition of the Indian Sub-continent and establishment of a separate state of Pakistan in August 1947 was an event of far reaching historical and political significance. It created a new state which did not physically exist. The Muslim elite's politi
August 14 marks the 69th anniversary of the day Pakistan came into existence. It is the day when we must pay tribute to all those who struggled for the creation of Pakistan, especially those who sacrificed their lives to realise the dream of an independen
Citizens of Pakistan, But I am glad to say that we have successfully dealt with all threats to our solidarity, and on some major questions of the day, the Pakistan Government has displayed not only its determination but its capacity to deal effectively wi
Enbridge Inc restarted a major US Midwest channel for Canadian crude oil, the 600,000, barrel-per-day Flanagan South pipeline, also known as Line 59 at full rates on Wednesday evening, the company said in a notice to shippers. The company, however, did no
Germany's top utility E.ON called for a clear political framework for its loss-making gas- and coal-fired power plants, assets it plans to spin off next year as they can no longer compete with rival solar and wind power. "Germany continues to lack a clear
Avio Spazio, the space propulsion company controlled by private equity Cinven, is considering an initial public offering on the Italian stock market, three sources familiar with the matter said on Thursday. Cinven, which owns around 80 percent of Avio, ha
Kuwait's Agility, the largest Gulf Arab logistics company, reported a 5.5 percent rise in second-quarter net profit on Thursday. The firm, which has operations in more than 100 countries, said net profit in the three months to June 30 was 13.5 million din
Kuwait's Agility, the largest Gulf Arab logistics company, reported a 5.5 percent rise in second-quarter net profit on Thursday. The firm, which has operations in more than 100 countries, said net profit in the three months to June 30 was 13.5 million din
Aegon, the Dutch life insurer that owns the Transamerica brand, reported on Thursday underlying earnings for the second quarter that missed analysts' expectations and showed its solvency ratio dipping slightly. Aegon said underlying earnings before tax we
Aegon, the Dutch life insurer that owns the Transamerica brand, reported on Thursday underlying earnings for the second quarter that missed analysts' expectations and showed its solvency ratio dipping slightly. Aegon said underlying earnings before tax we
Coca-Cola Co named James Quincey chief operating officer, and said company veteran Ahmet Bozer, who had been seen as a possible successor to Muhtar Kent as CEO, would be leaving. Quincey, 50, is a 19-year veteran of the company and most recently served as
Mexico's central bank divided over its decision in July to hold rates steady, with only one member arguing that a pre-emptive hike before the US Federal Reserve acts would help ease uncertainty that has hit financial markets. Central Bank board members vo
India's top energy explorer Oil and Natural Gas Corp could spend up to $7 billion to develop its block off the country's east coast and expects to begin gas production there in 2018, its chairman said on Thursday. ONGC's block in the Krishna-Godavari basi
Shares of Houlihan Lokey Inc, which advised on the Enron Corp and Lehman Brothers Holdings Inc bankruptcies, rose as much as 10 pct percent in their market debut, valuing the boutique advisory firm at about $1.51 billion. The company's shares rose to a hi
US corn export premiums at the Gulf Coast held mostly steady on Wednesday in muted trade as buyers stepped to the sidelines after futures prices plunged nearly 5 percent on a bearish government crop production forecast, traders said. Soyabean export premi
On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,978 million. The number of lots traded was 35.89 million. PMEX Commodity Index closed at 2,510. Major business was contributed by gold amounting to PKR 5,579 million followed by
The Karachi Port handled 128,834 tonnes of cargo comprising 102,475 tonnes of import cargo and 26,359 tonnes of export cargo including 3,370 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
The December vaida extended it's gains for the second day on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 1302.20 and it rose by 30 paisa gain at Rs 1302.50 in the early sessio
Steadier trend was again witnessed on cotton market on Thursday ahead of Independence Day holiday, dealers said. The official spot rate was stable to Rs 4,500, dealers said. Seed cotton prices in Sindh were higher by Rs 100 to Rs 2400 and Rs 2500 and in P
Interrupted supplies of the new crop (August 2015 / July 2016) from Sindh and reports of the United States Department of Agriculture (USDA) that the 2015 / 2016 crop will yield only 13.1 million bales in the USA instead of 14.5 million bales as envisaged
Interrupted supplies of the new crop (August 2015 / July 2016) from Sindh and reports of the United States Department of Agriculture (USDA) that the 2015 / 2016 crop will yield only 13.1 million bales in the USA instead of 14.5 million bales as envisaged
Spot basis bids for hard red winter (HRW) wheat were mixed on Monday while farmer offerings remain thin, dealers said. The US Gulf wheat basis fell by 5 cents late Friday to 100 cents over K.C. September HRW wheat futures contract. But the spot basis at C
Masoor prices were lower on the local grain market on Thursday ahead of Independence Day holiday, dealers said. On the cereals side, Masoor Canada shed Rs 200 to Rs 8800-9000, Masoor Dal Canada low type was lower by Rs 500 to Rs 10800 and good type was do
The largest unions in South Africa's gold mining sector declared disputes with producers on Thursday after wage talks deadlocked, sending the negotiations to a government mediator, a necessary regulatory step before their members can go on strike.
US retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting solid momentum in the economy early in the third quarter. The upbeat report from the Commerce Department on Thursday should strengthen
Sri Lanka's government revenues jumped by more than a fifth in the first seven months of this year, data showed on Thursday, as the new government sought to improve tax collection and cracked down on corruption. The data were released ahead of a parliamen
Network equipment maker Cisco Systems Inc reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere. Shares of Cisco, considered a bellwether for the performance o
The European Central Bank acknowledged Thursday that its governing council is concerned about the economic slowdown in China, even if the impact appears to be fairly limited for now.
Russia on Thursday broadened a food embargo imposed in retaliation to Western sanctions over Ukraine to include Iceland, a significant fish importer, as well as Montenegro, Albania and Liechtenstein. Prime Minister Dmitry Medvedev said Ukraine will be add
Eurozone finance ministers meeting Friday to approve a third Greek bailout will also have on the table a bridging loan option to allow Athens to meet a debt repayment if there is no accord, the European Commission said. Greece must pay the European Centra
Switzerland's lifting of some economic sanctions against Iran on Thursday should allow Swiss-based companies to take advantage if the US and European Union eliminate their own trade curbs. The Swiss government, acting after a July 14 deal between Tehran a
Nestle reported slightly worse-than-expected half-year sales on Thursday, hurt by a recall of its Maggi noodles in India. The world's largest packaged food company, with brands like Nescafe, KitKat and Perrier, reported sales fell 0.3 percent to 42.84 bil
Nestle reported slightly worse-than-expected half-year sales on Thursday, hurt by a recall of its Maggi noodles in India. The world's largest packaged food company, with brands like Nescafe, KitKat and Perrier, reported sales fell 0.3 percent to 42.84 bil
China's central bank said on Thursday there was no reason for the yuan to fall further given the country's strong economic fundamentals, helping to restore calm to jittery global markets after it devalued the currency earlier in the week. As the yuan slid
Most Middle East stock markets edged down on Thursday as a brief rebound in oil prices failed to improve investor sentiment and a series of disappointing earnings announcements dragged down bourses in the United Arab Emirates. Saudi Arabia's main index sl
Tokyo stocks rose 0.99 percent Thursday, rallying on bargain-hunting and as Beijing pledged it would not let the yuan plummet after a series of cuts that have roiled financial markets. The Nikkei 225 index at the Tokyo Stock Exchange rose 202.78 points to
Wall Street was little changed in late morning trading on Thursday as investors focus on the latest batch of strong US economic data and digest China's reassurance that there was no basis for further depreciation of the yuan. US retail sales rebounded in
US stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple bounced back, offseting continued concerns about a slowdown in China. The S&P energy index climbed 1.9 percent, the S&P 500's biggest positive, as inves
Hong Kong stocks rebounded on Thursday, led by energy and tech shares after China's central bank signalled it won't let the yuan fall sharply further. The Hang Seng index rose 0.4 percent, to 24,018.80, while the China Enterprises Index gained 0.4 percent
Long-dated US Treasury debt prices fell late on Wednesday, surrendering gains from a safety-bid rally ignited by China allowing its currency to decline, while Wall Street bounced back from sharp losses. Treasuries, including benchmark 10-year notes whose
Long-dated US Treasury debt prices fell late on Wednesday, surrendering gains from a safety-bid rally ignited by China allowing its currency to decline, while Wall Street bounced back from sharp losses. Treasuries, including benchmark 10-year notes whose
South African stocks closed higher on Thursday, lifted by a gain of more than 7 percent by e-commerce and media giant Naspers. Naspers was buoyed by Tencent Holdings, by far its biggest investment, whose stock climbed sharply after China's biggest social
China stocks reversed early losses and rose more than 1 percent on Thursday, after the central bank said that there was no basis for further depreciation in the yuan given strong economic fundamentals. Following a volatile session, the CSI300 index of the
Indian shares snapped their four-day losing streak on Thursday as investors bought beaten down stocks while a news report that a government panel had questioned the controversial minimum alternate tax on foreign investors also helped. The BSE index ended
European shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China's central bank to steady a falling yuan that has stirred markets world-wide. The pan-European FTSEurofirst 300 index was up 0.9 perce
Sri Lankan shares ended weaker on Thursday, down from a nearly seven-month closing high in the previous session, as investors booked profits even as some foreign investors sold shares ahead of the key August 17 parliamentary election, brokers said. The in
Australian shares pared gains on Thursday to end up 0.1 percent, with support coming from banks and miners but investors exercised caution after China's central bank said there was no basis for further depreciation in the yuan. BHP Billiton rose 1.2 perce
Stocks in Indonesia and Malaysia snapped a five-day losing streak, while Singapore rebounded on Thursday, as battered regional currencies recovered but outflows in Southeast Asia suggested funds were still cautious after China's yuan move. Indonesia was a
Britain's top equity index ended flat on Thursday as easing concerns over China's economy helped to offset the impact of falling oil prices and a large number of ex-dividend companies. A stronger US dollar and a persistent global overhang of physical oil
China's yuan fell for a third straight day on Thursday to a fresh 4-year low, but traders said the central bank intervened through state-owned banks to limit losses and ease global fears that Beijing may be considering a deeper devaluation. Traders said t
The Turkish lira hit a record low and stocks tumbled 3 percent on Thursday after coalition talks between the ruling AK Party and the main opposition ended negatively, setting the stage for a snap election. "It's not clear when elections will be. But the i
The dollar held above a one-month low against a basket of currencies on Thursday as the yuan's fall slowed, easing worries that China was trying to sharply devalue its currency to gain competitive advantage. The yuan weakened slightly but the pace of its
The dollar recovered from a one-month low against the euro on Thursday as the yuan's decline slowed, easing worries that China's decision to devalue its currency was a deliberate attempt to gain a competitive advantage. The biggest move among major curren
The US dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on data showing US retail sales rebounded in July, refocusing attention on the likelihood of a Federal Reserve interest rate increase
Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.25-06.50 percent).
Most emerging Asian currencies rose on Thursday as the yuan's decline slowed following Chinese central bank efforts to calm global markets after its devaluation earlier this week. Regional currencies found more support as China's move to weaken the yuan b
The Sri Lankan rupee ended weaker on Thursday for the second straight session as a state-run bank raised the currency's peg against the dollar by 10 cents to allow the exchange rate to depreciate to 133.90, dealers said. Demand for dollars by importers in
Sterling recovered from a one-month trough against the euro on Thursday, drawing support from rising house prices in Britain that supported a view that consumer demand was holding up well. The Royal Institution of Chartered Surveyors said its monthly hous
The Australian and New Zealand dollars bounced away from six-year lows on Thursday as assurances from China's central bank that it was not aiming to aggressively devalue the yuan helped soothe market jitters. The Australian dollar crept up to $0.7384, ext
Second seed Simona Halep held all 10 of her service games en route to a 6-3, 6-4 win over former world number one Jelena Jankovic at the WTA Tour's Rogers Cup on Wednesday. Playing for the first time since last month's Wimbledon tournament, Halep fought o
Rafael Nadal made an encouraging start to the summer hard-court campaign as the Spaniard recovered to defeat Sergiy Stakhovsky 7-6 (7/4), 6-3 on Wednesday on another day of weather trouble at the ATP Montreal Masters. The seventh seed had to wait for two
Wicket-keeper batsman Kamran Akmal believes that ODI skipper Azhar Ali has put in some amazing performances for the national team saying when he got the chance, he showed everyone what he was capable of. Akmal said Azhar has put in some amazing performanc
Pakistan is planning to invite Hong Kong and Oman teams to tour in preparations for next year's ICC World Twenty20 to be held in India, Chairman, Pakistan Cricket Board (PCB) Shaharyar Muhammad Khan said on Thursday. "We would be extending invitations to
Pakistan Test skipper Misbah-ul-Haq has been ranked number one test cricket captain by a British newspaper. The Telegraph of United Kingdom has published a list of world's best test captains, who have been rated and ranked according to their leadership sk
A question mark continues to sit at the top of Manchester United's team-sheet as Louis van Gaal's side prepare for their second Premier League fixture at Aston Villa on Friday. With David de Gea's mooted move to Real Madrid locked in an impasse over the S
The T20 captain Shahid Khan Afridi said on Thursday the team management along with selectors will be able to make a strong and balanced side before T20 World Cup 2016, scheduled in India. More experiments could be made in T20 series against Zimbabwe to ma
Andy Murray took care of some unfinished business as the second seed advanced to the third round of the ATP Tour's Montreal Masters on Wednesday with a 6-4, 7-5 win over Tommy Robredo. The Scot ended the match, which was postponed because of heavy rain Tu