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
Spot basis bids for corn and soyabeans were mostly steady at processors and elevators around the US Midwest on Friday but the market had a weak tone, grain dealers said. Farmers booked sales of both commodities on Friday. Dealers noted renewed interest in
Wheat futures on the Chicago Board of Trade rose on Friday for a second straight session on bargain buying and fund short-covering, following a mid-week drop to multi-year lows, traders said. K.C. hard red winter wheat and MGEX spring wheat futures also c
Asia's top rubber producers are studying the possibility of curtailing exports in 2016 to support prices that have slipped to the lowest in seven years. The International Tripartite Rubber Council (ITRC), whose members Thailand, Indonesia and Malaysia pro
Spot iron ore prices fell to a fresh 10-year low below $40 a tonne on Friday and were set for their steepest weekly decline in five months as falling Chinese steel demand increased a global glut of the steelmaking raw material. More steel mills in China's
Slow business was seen on the cotton market on Monday as mills and spinners did not take interest in fresh buying, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and i
ICE Canadian canola fell on Friday as commercial dealer hedged purchases from farmers and after the Canadian government boosted its harvest estimate more than expected. For the week, the January contract climbed 2.4 percent, the biggest nearby weekly gain
Export premiums for soyabeans shipped from the US Gulf Coast held mostly steady on Friday, with nearby values supported by solid demand from top importer China, traders said. FOB basis offers for US soyabeans shipped in late winter and early spring were a
Prices moved both ways on the wholesale grain market on Monday in the process of modest trading, dealer said. On the cereals side, Moong Punjab lost Rs 250 to Rs 10250 and Moong Afghan, however, gained Rs 750 to Rs 12250, Guwar Sindh was down by Rs 200 to
On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 9,795 million. The number of lots traded was 47.99 million. PMEX Commodity Index closed at 2,575. Major business was contributed by gold amounting to PKR 9,212million followed by crud
Spot basis bids for hard red winter wheat were flat at elevators across the southern US Plains on Friday. Grain dealers said that country movement was slow after farmers booked light sales on Thursday to take advantage of a sharp rally in the futures mark
Russia's winter grains are in a better condition than last year, Anna Strashnaya, head of the agricultural department at state weather forecaster Hydrometcentre, said in comments which may help allay concerns over next year's crop. Russia harvested more t
US natural gas futures ended little changed on Friday on weather forecasts calling for continued warmer-than-normal temperatures that will keep heating demand low through the middle of December. Front-month gas futures on the New York Mercantile Exchange
Palm oil on the European vegetable oils market firmed again on Friday due to concerns over the El Nino weather pattern that could cause dry weather and cut yields, and because of a strong ringgit. "The European cash market drifted gently into the weekend
Paris wheat futures extended losses on Friday to hit a new two-month low after the previous day's surge in the euro continued to weigh on a European wheat market dependent on exports to clear a hefty harvest surplus. The euro fell against the dollar on Fr
The Karachi Port handled 169,082 tonnes of cargo comprising 210,452 tonnes of import cargo and 58,630 tonnes of export cargo including 7,249 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 210
Confidence among Japanese manufacturers bounced in December for the first time in four months and it is seen inching up ahead, a Reuters poll found, suggesting the economy is slowly emerging from a recession. In a sign of still-sluggish domestic demand, h
Taiwan's exports slumped far more than expected in November, denting hopes the trade-reliant economy can grow in the last quarter of this year after sinking into recession in July-September. The 16.9 percent on-year contraction in exports in November was
The president of one of China's "big four" state-owned banks has resigned for personal reasons, the company said, after reports he had been taken away in a corruption investigation, as probes widen in the country's financial sector. Zhang Yun had stepped
Turkey needs a "more orthodox" and predictable monetary policy, the country's newly appointed economy czar said on Monday, throwing his weight behind a central bank drive to simplify its intricate system of multiple rates. In some of his first public comm
German industrial output inched up in October after two months of declines but the lower-than-expected reading suggested weak demand from emerging markets is taking its toll on a key sector of Europe's largest economy. Production climbed by 0.2 percent on
China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming "record" capital outflow on expectations the yuan will depreciate. The country's foreign exchange stockpile,
The outlook for British manufacturing next year has darkened, with output and new orders deteriorating at rates not seen since 2009, according to an industry survey on Monday that warned of slowing growth both at home and abroad. Manufacturing organisatio
Economic sentiment in the eurozone improved in December to its highest level since August, helped by the European Central Bank's ultra-loose policy, survey data released on Monday showed. Sentix research group's index tracking morale among investors and a
The European Central Bank took its first formal step to discourage market manipulation around its euro FX reference rates on Monday, saying it would delay their publication by an extra 90 minutes from next July. The bank declined to say whether it had see
Growth in Saudi Arabia's non-oil private sector accelerated last month from a record low in October, a survey of businesses showed on Monday. The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers' Index rose to 56.3 in November from Octobe
Kuwait's government is showing a willingness to push forward fiscal reforms including subsidy cuts needed to support its currency in an era of low oil prices, a senior IMF official said. Gulf states, including Kuwait, traditionally relied on petrodollar r
Kuwait's government is showing a willingness to push forward fiscal reforms including subsidy cuts needed to support its currency in an era of low oil prices, a senior IMF official said. Gulf states, including Kuwait, traditionally relied on petrodollar r
Canada and Mexico won WTO approval Monday to impose some $1 billion a year in trade sanctions against the United States over its country-of-origin labelling requirement for beef and pork. An arbitration panel at the Geneva-based World Trade Organization r
Most Middle East markets fell on Monday as oil prices sank to their lowest in nearly seven years, spurring stock selling on the bourses of the region's energy producers. Dubai's index dropped 2.2 percent to its lowest close since December last year, altho
A sell-off in eurozone bonds kicked into reverse on Monday as oil prices tumbled and ECB president Mario Draghi said he stood ready to deploy further stimulus to achieve the central bank's inflation target. German 10-year bond yields - the bloc's benchmar
A sell-off in eurozone bonds kicked into reverse on Monday as oil prices tumbled and ECB president Mario Draghi said he stood ready to deploy further stimulus to achieve the central bank's inflation target. German 10-year bond yields - the bloc's benchmar
Tokyo stocks rebounded Monday as exporters got a boost from a weaker yen after another strong US jobs report made a Federal Reserve interest rate rise this month virtually certain. The gain of more than 200,000 new posts in November reinforced the view th
Wall Street started the week in the red as energy and raw material stocks took a hit, with oil prices falling to their lowest in nearly seven years. Brent crude prices dropped to $41.38 and US crude fell to $38.15 a barrel, after Opec's meeting ended last
Sri Lankan shares closed at their lowest in more than eight months on Monday on worries that the new budget proposals would hit earnings of financial firms. Sri Lankan police detained a former chairman of the country's stock market regulator on Monday ami
Southeast Asian stock markets closed mostly higher on Monday despite caution in the wider Asian market ahead of the release of key Chinese data on Tuesday and Wednesday, with the Singapore index posting its biggest gain in nearly three weeks on higher ban
Indian shares recorded a fourth straight session of losses on Monday as cigarette maker ITC slumped 7 percent in its biggest fall in nine months on worries about a "sin" tax, while oil producers fell after Opec left output targets unchanged. Indexes hit t
Hong Kong shares ended fractionally lower on Monday led by a tumble in energy heavyweights as investors worried about persistent weakness in oil prices. The mood was also cautious ahead of a likely US rate hike at the Federal Reserve's policy meeting next
China stocks edged up on Monday, with investors rotating from property companies back into tech and healthcare, sectors that Beijing hopes will be new engines of growth. The bluechip CSI300 index rose 0.3 percent, to 3,687.61, while the Shanghai Composite
European shares saw weak gains on Monday as the price of crude neared 7-year lows, pulling down oil shares, and Electrolux's share price slumped after its deal to buy General Electric's appliance business fell through. Oil prices fell after an Opec policy
Taiwan stocks posted broad gains on Monday in line with overseas markets. Asian share markets bounced on Monday after Wall Street welcomed an upbeat US jobs report that suggested the world's biggest economy was well placed to handle an expected first incr
Australian shares faded in afternoon trade on Monday as weakness in oil prices weighed on the energy sector. The S&P/ASX 200 index edged up 0.08 percent or 4.1 points at the close of trade. The benchmark fell 1.5 percent on Friday. New Zealand's benchmark
Britain's top share index surrendered its earlier gains and ended lower on Monday, with commodity shares coming under severe pressure after prices of crude oil and metals slipped. The UK Oil and Gas and the mining indexes fell 4.0 percent and 1.7 percent
The Australian and New Zealand dollars kept just below recent peaks on Monday with the market reluctant to take large bets ahead of data and a central bank rate review later in the week. The Australian dollar was a touch softer at $0.7223, having touched
The dollar steadied on Monday, having recovered a bit of ground late last week after upbeat payrolls data bolstered the case for an imminent hike in US interest rates. But the greenback's reaction was modest with a Fed hike at the December 15-16 meeting a
The dollar rose broadly on Monday on expectations the US Federal Reserve is on track to raise interest rates next week in the wake of a solid November jobs report. The New Zealand dollar and Norwegian crown were big losers to the greenback as commodity pr
The New Zealand dollar and Norwegian crown were big losers to a stronger US dollar on Monday as commodity prices dived again and investors bet central banks would lean towards more support for economies buffetted by the fallout. The greenback recovered mo
Interbank buy/sell rates for the taka against the dollar on Monday. 78.94-78.95 (previous 78.95-78.95). 02.00-04.50 percent (* Previous 01.50-04.50 percent). (* revised).
Most emerging Asian currencies eased on Monday after solid US jobs data cemented expectations that the Federal Reserve will raise interest rates next week for the first time in nearly a decade. China's yuan hovered around a four-month low as the central b
China's yuan fell against the dollar on Monday after the central bank set a weaker midpoint to reflect dollar strength on rising expectations of a US interest rate hike this month. "Dollar demand in the market was higher than supply as investors expected
Sterling fell against the dollar on Monday, with investors buying the greenback after a robust jobs report made the first rate hike by the Federal Reserve in almost a decade a near certainty. Investors were also cautious about the pound before the Bank of
The Sri Lankan rupee closed slightly weaker on Monday, as dollar demand from importers rose, but a bout of greenback sales by banks late in the day capped its fall, dealers said. Exporters have been reluctant to sell dollars as they expect the rupee to de
The International Cricket Council (ICC) Monday announced the schedule of the ICC U-19 Cricket World Cup 2016, which will be held across eight venues in four cities of Bangladesh from January 27 to February 14, 2016. Chittagong, Cox's Bazar, Dhaka and Sylh
Hopes for the Pakistan-India cricket series are still alive as the Pakistan Cricket Board on Monday announced that they would wait for another day or two for their counterpart's Indian announcement. The board earlier wrote a letter to Indian cricket offic
Sri Lanka Monday recalled wicketkeeper-batsman Kusal Perera from New Zealand after he tested positive for a banned steroid, the national cricket board said. The 25-year-old was randomly tested during the recent Pakistan tour of Sri Lanka and the just rele
India overcame gritty resistance from South Africa's batsmen to win the fourth and final Test by a massive 337 runs in New Delhi on Monday and seal the series 3-0. India had to work hard for victory after the world number one side resorted to hours of stu
Sierra Leone has been cleared to host international soccer matches again after being declared free of the Ebola virus, the Confederation of African Football (CAF) said on Monday. "International football matches and CAF competitions can again be organised
The SAGA Cricket Premier League will stroll into action here on Tuesday (today) at the Qadhafi Stadium, Lahore. The inaugural match will be played between SAGA Punjab and SAGA Sindh while the second match of the tournament will also played at the same day
Mariuccia Mandelli, a pioneering female fashion designer who created the Italian brand Krizia and was credited with inventing hotpants, has died at the age of 90, associates announced Monday. Prime Minister Matteo Renzi led tributes to a woman he describe
The Islamic State group is pulling in some $80 million a month, mainly from levies and confiscations, but is struggling financially as strikes hit its oil infrastructure, analysis firm IHS said Monday. In a new report, IHS Conflict Monitor said that IS, u
Cuba is near a deal with 15 rich creditor nations of the Paris Club to restructure $16 billion in debt stemming from a 1986 default, with creditors expected to forgive most of the amount owed, diplomats close to the talks said. The parties will meet in Pa
Syria expressed outrage Monday after a suspected US-led coalition strike for the first time killed regime troops, but the coalition denied its warplanes hit an army base. In a letter to the United Nations Security Council and Secretary General Ban Ki-moon
Nato has ruled out sending ground troops to fight against Islamic State militants in Syria, Nato General Secretary Jens Stoltenberg told a Swiss newspaper, stressing the need to bolster local forces in the conflict. "That is not on the agenda of the coali
Baghdad warned Ankara on Monday that time is running out to remove forces it sent to northern Iraq without permission, but Turkey indicated it was unlikely to do so. Prime Minister Haider al-Abadi said there were "only 24 hours left" of the 48 that Iraq g
A powerful 7.2-magnitude earthquake struck eastern Tajikistan on Monday, US experts said, and state television said one person was killed ten were injured. The tremor hit at 7:50 GMT in the Central Asian country, some 109 kilometres (67 miles) west of the
A Palestinian stabbed and seriously wounded an Israeli near a flashpoint holy site in the West Bank city of Hebron on Monday and was shot dead by security forces, Israeli police said. The attack occurred around a border police post near the Tomb of the Pa
An outbreak of swine flu has left 33 people dead in two provinces of southwestern Iran in the past three weeks, the official IRNA news agency reported on Monday. IRNA quoted Deputy Health Minister Ali Akbar Sayyari as saying there had been 28 deaths in Ke
Heightened activity at a North Korean nuclear test site could be a bluff rather than preparations to set off an atomic device soon, the head of an international body set up to monitor a ban on nuclear testing said on Monday. A report by 38 North, a North
Latvian Prime Minister Laimdota Straujuma announced her resignation on Monday after less than two years in office, saying there was a need for "new ideas" following a fallout within her centre-right party. "It's become clear that new people with new ideas
Venezuela's jubilant opposition vowed Monday to drag the oil-rich country out of its economic crisis and free political prisoners after winning control of congress from socialist President Nicolas Maduro. But analysts warned political uncertainty and poss
Tanzania's president sacked several top transport ministry and port officials Monday, in the latest crackdown on graft in the east African nation. President John Magufuli, who took power last month after winning October 25 elections, has introduced a swat
Leading Bhutanese director Tshering Wangyel, who played a key role in developing the Himalayan kingdom's movie industry with films that blended Bollywood and Buddhism, died in hospital Monday aged 43. "Our prolific filmmaker, Director Tshering Wangyel has
A German passenger plane flying to the Egyptian Red Sea resort of Hurghada landed in Budapest on Monday after a bomb scare but no explosives were found, Hungarian police said. German airline Condor said that the Airbus A321 from Berlin with 140 passengers
China's capital issued its first-ever red alert for pollution on Monday, as a new blanket of choking smog was projected to descend on the city. From Tuesday morning half of Beijing's private cars will be ordered off the road, with an odd-even number plate
Islamabad High Court (IHC) will take up the petition of Cargill Holding seeking contempt of court proceeding against Chairman of the Privatization Commission Zubair Ahmed, Director Administration Syed Zain Gillani and a police official on December 08 (tod
At least four members of same family including two women and children were burnt to death when fire engulfed the house in Toda-Noor-Khail area here in the wee hours of Monday. According to details, the head of the family named Sher Dawood burned fire insi
The contempt of court proceedings against a private television channel's chief executive Salman Iqbal was adjourned on Monday till the constitution of new bench. The hearing was adjourned for two reasons: firstly a member of the bench Justice Ijaz Ahmed C
Customs prosecutor Farhat Abbas Lodhi challenged the Court of Special Judge Customs' order regarding delivery of passports to model Ayyan Ali in the Islamabad High Court on Monday. Special Customs Court Rawalpindi had returned passports of model Ayyan Ali