Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 08, 2015).
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
Corruption is a complex social, political and economic phenomenon that affects all countries. Corruption undermines democratic institutions, slows economic development and contributes to governmental instability. Corruption attacks the foundation of democ
The National Accountability Bureau (NAB) is Pakistan's apex anti-corruption organisation with the vision of corruption free society. The Bureau is constantly adapting new ways to tackle the forth coming challenges in the elimination of corruption by engag
Corruption today continues to take a great toll on our societies, and threatens to exacerbate wider challenges that our society face - may these be poverty, inequality of income, environment, delivering public services to all citizens or maintaining peace
In the Chaoyang district of north-east Beijing, a nondescript wall covered in patriotic posters protects one of the city's most valuable treasures: a dirt field containing nothing but a few scattered trees.
Greece needs debt relief from its international creditors to combat its dual economic and refugee crises, a UN expert said Tuesday. "Greece needs debt relief in order to trigger socially inclusive growth," Juan Pablo Bohoslavsky, the UN's independent expe
Keurig Green Mountain, the struggling maker of single-cup coffee pods and brewers, said Monday it is being bought for $13.9 billion by private investors led by JAB Holding Company. The acquisition was approved unanimously by Keurig's board, including its
Argentina's incoming finance minister, Alfonso Prat-Gay, will aim to lift currency controls and unify the country's multi-tiered exchange rate from December 14, a few days after the new government assumes power, Prat-Gay told local media Sunday. "If we ca
Australia will introduce an entrepreneur visa and offer tax breaks for start-ups, the government said Monday as it tries to unleash an "ideas boom" to move the economy away from dependence on mining. Launching a signature Aus$1.1 billion (US $806 million)
Australia will introduce an entrepreneur visa and offer tax breaks for start-ups, the government said Monday as it tries to unleash an "ideas boom" to move the economy away from dependence on mining. Launching a signature Aus$1.1 billion (US $806 million)
Overnight stays in Swiss hotels fell 3.5 percent in October, extending a decline as the strong Swiss franc makes holidays more expensive for European visitors. A 30 percent rise in stays by tourists from China and a fifth more stays by South Koreans could
General Electric has terminated the planned acquisition of its appliance business by the Swedish manufacturer Electrolux, which US authorities opposed, both companies announced Monday. The $3.3 billion (about 3 billion euros) deal was announced in Septemb
Japan's government will spend 14 billion yen ($113.57 million) on anti-terrorism measures, in the wake of the Paris attacks and other recent incidents, as part of a 3.3 trillion yen extra stimulus budget planned for this fiscal year, government sources to
Nigeria's government has agreed a 6.0 trillion naira ($29.8 billion) budget for the coming year, budget and national planning minister Udoma Udo Udoma said on Monday. "Next year, we are looking at an expansionist budget," he told reporters after a cabinet
Irish consumer sentiment hit a 10-year high in November as the economy grows rapidly and unemployment falls, a survey showed on Tuesday, in the latest boost to the government on the eve of a general election. The KBC Bank Ireland/ESRI Consumer Sentiment I
Boeing Co marked the successful assembly of its first 737 MAX on Tuesday, signalling that the key program is on schedule for first flight early next year. The first 737 MAX, which quietly rolled out of a Renton, Washington, hangar in November, represents
Boeing Co marked the successful assembly of its first 737 MAX on Tuesday, signalling that the key program is on schedule for first flight early next year. The first 737 MAX, which quietly rolled out of a Renton, Washington, hangar in November, represents
One of the world's biggest investment firms on Monday said it had appointed a stellar cast of advisers, including ex-Federal Reserve chief Ben Bernanke and former British prime minister Gordon Brown. Pacific Investment Management Co, or Pimco, also appoin
Japan is set to build India's first bullet train, with Tokyo financing the project through an $8 billion loan to New Delhi, a leading Japanese business daily reported Tuesday. The Nikkei, which did not cite sources, said the bullet train will link the cit
British manufacturing output fell unexpectedly in October, denting hopes the sector might soon help to drive the country's economy towards a more balanced recovery, data showed on Tuesday. Manufacturing output fell 0.4 percent on the month in October, aga
British weekly household spending rose in 2014 to its highest since before the global financial downturn but remained below pre-crisis level, official data showed on Tuesday. Households spent on average 531.30 pounds ($795.73) per week last year, which wa
Japan has side-stepped its second recession in as many years after revised data Tuesday showed that the economy actually grew last quarter. The stronger-than-expected revision of a 0.3 percent expansion for the July-September period comes several weeks af
Greece's finance ministry on Tuesday said it had lifted capital controls imposed in June on its stock market, but kept in place a short selling ban on the shares of its top banks. "Limitations on transactions on Greek capital markets are lifted," said a d
US small-business confidence tumbled in November amid worries over sales growth and profits, but remained at levels consistent with an economy expanding at a moderate pace in the fourth quarter. The National Federation of Independent Business said on Tues
Syria will export more than 700,000 tons of citrus fruits to Russia to "fill the gap" left by Moscow's ban on Turkish agricultural products, officials said Tuesday. "We are preparing some 700,000 tons of citrus, mostly oranges, to send to Russian markets,
The economic impact of last month's attacks in Paris will likely wipe a quarter off the growth that had been expected in the final three months of the year, the Bank of France said on Tuesday. The French central bank said it was now expecting 0.3 percent
Canadian housing starts rose unexpectedly in November and building permits surged in October, fuelling Canada's prolonged housing boom even as the nation's weak economy contributed to underlying softness in some regions, reports showed on Tuesday. Groundb
US labour force growth is set to slow further over the next decade as more Americans retire, which will confine the economy to a moderate growth path, according to government report on Tuesday. In its biennial employment projections for 2014-2024, the Lab
Middle East stocks fell as Arab investors cashed out of regional on Tuesday after oil prices dropped to near a seven-year low, with all regional markets ending the day lower. Brent futures hovered just above $40 and US crude broke below $37, levels last s
Tokyo stocks fell Tuesday as oil-linked firms took a beating after the price of crude tumbled to near a seven-year low. The precipitous drop was in reaction to a decision last week by the Organisation of the Petroleum Exporting Countries (Opec) not to cut
US stocks fell on Monday, led by the S&P energy index's biggest one-day percentage drop since late August as oil prices slid to their lowest point in nearly seven years. US crude oil futures settled down almost 6 percent while Brent crude fell more than 5
Taiwan stocks fell on Tuesday following losses in overseas markets and after weak exports data dented hopes the trade-reliant economy can recover in the final months of 2015. The main TAIEX index was down 0.6 percent at 8,404.39 as of 0144 GMT, after clos
US long-dated Treasury debt prices rallied on Monday, boosted by the drop in oil prices which suggests inflation in the world's largest economy would remain benign. US 30-year bond yields fell below 3.0 percent, while 10-year yields slid to the day's low
US long-dated Treasury debt prices rallied on Monday, boosted by the drop in oil prices which suggests inflation in the world's largest economy would remain benign. US 30-year bond yields fell below 3.0 percent, while 10-year yields slid to the day's low
Australian shares hit a three-week trough on Tuesday as tumbling oil and base metals prices dragged resource stocks sharply lower. The S&P/ASX 200 index closed down 47.1 points or 0.9 percent at 5,108.6, its lowest since November 17. The benchmark is down
Indian shares fell for a fifth consecutive session on Tuesday after earlier hitting their weakest in more than three months, as oil producers such as Oil and Natural Gas Corp extended falls after crude prices tumbled to seven-year lows. The benchmark BSE
Shanghai stocks posted their biggest loss in 10 days, as disappointing China trade data and slumping oil prices unnerved investors already cautious ahead of an anticipated US rate hike that could trigger more capital outflows. The Chinese market is also u
European shares fell on Tuesday, with mining shares led lower by a slump in Anglo American to a new record low, and a top pan-European index falling to a 6-week low. The FTSEurofirst 300 index fell 1.8 percent to 1,437.77 points, its lowest close since la
Hong Kong stocks closed at a two-month low on Tuesday, tracking sluggish global markets, as slumping oil prices dented already fragile investor confidence ahead of a likely US rate hike. The market was also weighed down by weak China November trade data,
Most Southeast Asian stock markets eased on Tuesday as falling oil prices hit energy stocks, with Thailand's stock index posting its biggest single-day drop since August. Thailand's SET index posted the steepest fall in the region with a 2 percent drop, l
A slump in Anglo American shares hit UK-listed miners on Tuesday, dragging Britain's main share index to a fourth consecutive day of losses. Anglo American shares fell 12.3 percent to a record low after the company suspended dividends for the second half
China's onshore yuan closed at its weakest against the dollar in more than 4 years on Tuesday, after the central bank set a softer midpoint and trade data showed the world's second-largest economy remained weak in November. The onshore spot opened at 6.41
The US dollar held firm against commodity currencies on Tuesday and hovered near decade-highs against its Canadian peer, which has come under renewed pressure this week due to tumbling global oil prices. Commodity currencies also remained on the defensive
The currencies of major oil exporting nations, such as the Canadian dollar and the Norwegian crown, fell on Tuesday as crude prices hovered near seven-year lows, muddying the water for global growth and inflation prospects. Growth-linked currencies like t
The Canadian dollar, Norwegian crown and currencies of other major oil exporters fell on Tuesday, hitting decade-plus lows versus the dollar as concerns about an oil supply glut and soft global demand sent crude prices to near seven-year lows. Growth-orie
The dollar rose broadly on Monday on expectations the US Federal Reserve is on track to raise interest rates next week following a solid November jobs report. The New Zealand dollar and Norwegian crown were big losers to the greenback as commodity prices
Russia's battered ruble currency on Tuesday approached 70 per dollar for the first time since August as oil prices sank below $40 a barrel. The ruble stood at 69.73 to the dollar and 75.85 to the euro in evening trading. Brent crude prices sank under $40
The Malaysian ringgit led losses among emerging Asian currencies on Tuesday dampened by slumping global oil prices, while China's weak trade data pointed to a continuing slowdown. China's yuan touched its weakest since August 26 as the central bank set it
Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.94-78.95 (previous 78.94-78.95). 02.00-04.50 percent (* Previous 01.50-04.50 percent). (* revised).
Sterling sank almost 1 percent against the euro on Tuesday, caught up in the fallout of a renewed collapse in oil prices that traders judged would make it hard for the Bank of England to raise interest rates before the end of next year. Action in the opti
The Australian and New Zealand dollars were nursing heavy losses on Tuesday after a tumble in oil prices hit commodity currencies from Canada to South Africa. The Australian dollar fell to $0.7267, having shed nearly 1 percent overnight. It has skidded mo
Cotton futures fell for the first time in five sessions on Monday, retreating from Friday's more than three-month highs as a 1.2 percent gain the prior week prompted farmers to sell physical cotton to merchants, who responded by selling futures. "They're
Shanghai Futures Exchange copper fell 0.9 percent to 34,710 yuan ($5,408) a tonne as Chinese imports jumped in November, offering a salve to prices even though overall trade declined in the world's second-largest economy, underlining the fragile outlook f
Copper prices rose on Tuesday as the dollar slipped, but gains were capped by trade data from top consumer China, which fuelled worries about demand growth in the top consumer of the metal. Benchmark three month copper on the London Metal Exchange closed
Oil prices steadied on Tuesday but not before plumbing new lows seen during the 2009 financial crisis as an intensifying supply glut sparked fears the world will run out of storage for crude. Brent and US crude futures sunk beneath $40 a barrel, hitting F
Benchmark Tokyo rubber futures retreated on Tuesday from a two-month high as investors took profits following an overnight plunge in oil prices, while weaker Shanghai futures added to the pressure. The Tokyo Commodity Exchange rubber contract for May deli
US soyabean futures fell on Monday for the first time in six sessions and corn dropped after two sessions of gains on profit taking and as traders took positions ahead of a government crop report due later this week. Wheat futures edged higher on technica
Malaysian palm oil slid almost 2 percent on Tuesday in its steepest decline in more than three weeks as investors locked in gains after the commodity touched a two-month high the session before. Weakness in rival soyoil also weighed on palm along with cru
New York cocoa futures on ICE slid on Tuesday by the most in more than a year, tumbling from the prior session's near-five-year high after a flurry of early morning sell orders triggered a circuit breaker that briefly halted trade. Arabica coffee pared sh
Gold fell more than 1 percent on Monday from the prior session's three-week high, after the dollar was lifted by Friday's upbeat US jobs data that reinforced expectations that the Federal Reserve will raise interest rates next week. A short-covering rally
Gold struggled to recover from overnight losses on Tuesday on expectations of a Federal Reserve rate hike next week and a robust dollar. The metal was also hurt by a slide in commodity prices, particularly crude oil which was near 7-year lows as Opec cont
Gold rose on Tuesday as the dollar receded slightly and European shares fell, though expectations that the US Federal Reserve will raise interest rates next week kept gains in check. A slide in commodity prices - particularly crude oil's drop to its lowes
Argentine President-elect Mauricio Macri's proposed tax cuts on soyabean exports will also apply to shipments of soyameal and soyaoil, the head of a leading grains trade group said in an interview. Macri, who won the November 22 presidential runoff electi
US soyabeans extended losses early on Tuesday to touch a one-week low on long liquidation and technical selling ahead of a monthly government supply and demand report, more than offsetting strong import demand from China. Corn ticked up, recovering slight
Suspended FIFA president Sepp Blatter says the Ethics Committee investigation into corruption allegations is "like a Catholic Inquisition". Blatter again denied involvement in corruption and said he should not have trusted officials at football's world bo
FIFA vice-president Michel Platini vowed to tell "nothing but the truth" before appearing at the Court of Arbitration for Sport (CAS) in a bid to halt a 90-day suspension by football's world body. The appeal is part of a campaign by the 60-year-old French
Tennis superstar Rafael Nadal said Tuesday he was "more than happy" to keep playing on after his worst season in a decade. The former world number one ended his reign as French Open king at the quarterfinal stage this year and also failed to reach the sem
International Olympic Committee (IOC) president Thomas Bach launched a fresh appeal on Tuesday to protect world sports from doping scandals and corrupt practices after recent damaging revelations. Russia has been thrown into the spotlight after widespread
Tokyo 2020 Olympics organisers said Tuesday they have received more than 14,500 suggestions for a new logo after the original choice was withdrawn because of a plagiarism scandal. The organising committee in August dropped the emblem put forward by Japane
Bangladesh Test cricketer Shahadat Hossain was granted bail Tuesday after being detained over allegations of beating a child maid, a prosecution lawyer said. The country's court bailed Shahadat until March 31 but deputy attorney general Moniruzzaman Kabir
Romelu Lukaku extended his red-hot streak as the Everton striker's late equaliser rescued a 1-1 draw against Crystal Palace on Monday. Lukaku has been in superb form over the last month and Palace were unable to subdue the Belgium international, who poked
Cricket chiefs hope to stage a Twenty20 World Cup in the United States within a decade as the game ramps up efforts to crack the huge American sports market, a report said Tuesday. The International Cricket Council's head of global development Tim Anderso
Teams from the western cities of Pune and Rajkot won an auction Tuesday to compete in cricket's Indian Premier League, replacing two franchises that were banned over a corruption scandal. The Twenty20 tournament's chairman Rajiv Shukla said that New Risin
Danish Atlas has won the 3rd Lyallpur National Men Squash Championship held here at Chenab Club after beating his opponent Farhan Mahbub by 0-3 sets. The championship started from December 2 ended today (December 8) in which 147 squash players from all ov
Punjab and Khyber Pakhtunkhwa (KPK) registered convincing victories on the opening day matches of the SAGA Premier League (SPL) played here at the Qadhafi Stadium, Lahore on Tuesday. In the first match of the day, SAGA Punjab defeated SAGA Sindh by 15 run
Renowned Pakistani cricketer Wasim Akram Tuesday said he was anxiously hoping for a "yes" result as fans wait to hear if a planned series between arch-rivals Pakistan and India will go ahead. A recent thaw in Indo-Pak relations, with the prime ministers o
At least six children died and eight other people rescued on Tuesday after a boat carrying migrants bound for Greece capsized off Turkey's western coast near the city of Izmir, local media reported. Responding to a distress signal sent at midnight on Mond
Ambassadors to Libya from several EU countries and the United States warned Tuesday against attempts to derail a UN-brokered peace deal, insisting it is the only way forward. A statement by the ambassadors and special envoys of Britain, France, Germany, I
Iraqi security forces recaptured a large part of the city of Ramadi from the Islamic State group Tuesday, officials said, scoring a significant breakthrough in their fightback against the jihadists. Baghdad's forces have been fighting for months to secure
Iraq asked Nato on Tuesday to put pressure on alliance member Turkey to withdraw its troops immediately from northern Iraq after Ankara said it would not deploy any more but refused to pull out those already there. The arrival of a heavily armed Turkish c