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
Italy has a capitalist mixed economy, ranking as the third-largest in the Eurozone and the eighth-largest in the world. The country is a founding member of the G7, G8, the Eurozone and the OECD.
Education in Italy is free and mandatory from ages six to sixteen, and consists of five stages: kindergarten (scuola dell'infanzia), primary school (scuola primaria), lower secondary school (scuola secondaria di primo grado), upper secondary school (scuol
Gadoon Textile is another success tale of the YB Group. Since its inception in the year 1988, it intends to be the largest spinning production unit in Pakistan and hence became the leader in the industry it operates; a trait that is possessed by most of i
The national day of Republic of Italy is celebrated on 2nd of June every year - the day on which The Republic of Italy was born in Year 1946. My heartiest wishes are with the people of Italy on this auspicious occasion. Our two countries are working toget
Italy, called the belpaese (beautiful country) by many, is well known and well loved around the world. Italian cuisine, pizza and pasta, Italian fashion brands Armani, Gucci, Prada and Versace, and Italian supercars Ferrari and Lamborghini have admirers i
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,531 million and the number of lots traded was 10,736. PMEX Commodity Index closed at 2,841. Major business was contributed by currencies through COTS amounting to PKR 3,522 billion
Palm oil on the European vegetable oils market was offered at slightly stronger levels on Tuesday following gains in Malaysian palm oil futures due to higher exports during May and in response to an increase in biodiesel mandates. Palm oil was mostly offe
Russian wheat export prices rose last week as the rouble strengthened by 1 percent against the dollar and global price benchmarks rose, analysts said on Monday. Black Sea prices for Russian new-crop wheat with 12.5 percent protein content were at $178.5 a
The lineup of ships loading soyabeans at Brazilian ports in June should fall 20 percent, after record exports in the past few months, data from a shipping agency showed, but firm premiums indicate that demand is still strong. Soyabean loadings are forecas
The Karachi Port handled 177,588 tonnes of cargo comprising 135,414 tonnes of import cargo and 42,174 tonnes of export cargo including 6,429 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
The July vaida was lower on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The July vaida settled at Rs 2049.80 and it commenced 30 paisas decline at Rs 2049.50 in wee hours, they added.
Prices improved on the cotton market on Wednesday in the process of trading activity, dealers said. The official spot rate was higher by Rs 100 to Rs 5,600, dealers said. In Sindh, seed-cotton started reaching market and available at Rs 3100, they said. I
Bangladesh tea prices rose for a third straight weekly auction on Tuesday due to robust demand for quality leaf despite a higher volume on offer, brokers said. Bangladesh tea fetched an average of 211.90 taka ($2.6) per kg at the auction, the sixth of a n
A small business was witnessed on the wholesale grain market on Wednesday in the process of trade, dealers said. On the cereals side, Moong Punjab was lower by Rs 250 to Rs 9000 and wheat new Bardan was, however, picked up Rs 10 to Rs 3120, other commodit
Myanmar's growth rate, once one of the world's most impressive, has dipped following heavy floods and an investment slowdown sparked by uncertainty over its political transition, the World Bank said Tuesday. A civilian government led by veteran democracy
Myanmar's growth rate, once one of the world's most impressive, has dipped following heavy floods and an investment slowdown sparked by uncertainty over its political transition, the World Bank said Tuesday. A civilian government led by veteran democracy
Property prices are surging in New Zealand vacation hotspot Queenstown as tourism puts the mountainous South Island town on the radar of Chinese investors. Residential property prices in Queenstown jumped 22 percent in the year to the end of May to an ave
Australia's economic growth boomed past expectations in the first quarter with the annual pace speeding to its fastest in over three years, an upbeat result that all but assures the central bank will be on hold at its policy meeting next week. The officia
Suzuki on Tuesday blamed the 2008 global financial crisis for problems with its fuel-economy and emissions testing, but repeated claims it had not meant to deceive drivers. The Japanese small car maker admitted to using a testing method not approved by lo
Three provincial branches of China's banking regulator have told commercial banks to check their off-balance sheet risk in a move to contain the burgeoning "shadow loans" industry, four direct sources told Reuters on Wednesday. This is the latest in a ser
Poland's economic growth slowed in the first quarter, hit by the first decline in investment in over two years and a negative contribution from foreign trade, statistics office data showed on Tuesday. The breakdown of first-quarter gross domestic product
Brazil's economy shrank 0.3 percent in the first quarter of 2016, officials said Wednesday, in a slightly better than expected performance, but far from lifting the deep gloom over Latin America's economic powerhouse. Year on year economic output for the
South Korea's Hyundai Heavy Industries has received the green light for a near 3.0 billion restructuring programme - including asset sales and job cuts - to keep the world's largest shipbuilder afloat. A spokesman for KEB Hana Bank, one of the company's c
The head of the world's biggest bank by assets, Industrial and Commercial Bank of China (ICBC), is retiring, according to a statement, amid flat profit growth for the massive lender. Jiang Jianqing, 63, is leaving his post as chairman and will be replaced
India's Tata Steel on Wednesday completed the part-sale of its European assets, safeguarding 4,800 jobs, but thousands more are threatened with no buyer found for the rest of the business. Tata Steel UK announced completion of the sale of its European pip
New home prices in China grew at their fastest pace in more than two years in May, a private survey showed, signalling the recovery of a crucial sector in the world's second-largest economy. After fuelling much of China's spectacular growth in recent deca
France on Wednesday named Odile Renaud-Basso, a Brussels insider familiar with the internal workings of European institutions, as the new head of the French Treasury. As the highest-ranking civil servant at the finance ministry, the head of the Treasury i
The Mediterranean holiday island of Cyprus recorded a 24-percent hike in key tourism revenues in March, its highest monthly percentage rise this year, official data showed Wednesday. Tourism income in March reached 80.9 million euros ($90 million), compar
Japan's prime minister said Wednesday that he will delay a consumption tax hike that threatened the fragile economy, but analysts said the move highlighted his failure to spark growth. Shinzo Abe announced his decision to members of the ruling Liberal Dem
The United States took steps Wednesday to further lock North Korea out of the world financial system as it officially labelled the country a "global money laundering concern." The action would prevent both direct and indirect North Korean financial activi
China's central bank on Wednesday said it injected a total of 290.57 billion yuan ($44.1 billion) through short- and medium-term liquidity facilities in May to help support credit growth and the slowing economy. That amount of liquidity injections was dow
Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely improving as producers struggled to bring in new orders, surveys released on Wednesday showed. Speculation in recent weeks that
A rebound in the banking sector buoyed Saudi Arabia's bourse on Wednesday and other Gulf bourses also rose, with Dubai's Shuaa Capital surging on hopes that potential buyers of a stake in it had placed high bids. Saudi banking shares, which were among the
Tokyo stocks dropped Wednesday, snapping a five-day winning streak, as the yen surged on news that Japan's prime minister would delay a sales tax rise that threatened the nation's fragile economy. Shinzo Abe announced his decision to members of the ruling
US stocks were little changed on Wednesday afternoon, recovering from steep losses earlier in the session, helped by encouraging factory data and a pull back in oil prices. Wall Street fell earlier after surveys showed global manufacturing activity remain
The S&P 500 wrapped up its third straight month of gains on a flat note on Tuesday as weaker energy shares countered a rise in safe-haven utilities. The Nasdaq closed higher on Tuesday, and ended up 3.6 percent for the month, the best performance of the t
Hong Kong's benchmark stock index dipped on Wednesday, snapping a five-session winning streak, amid lingering worries about China's economy. The Hang Seng index fell 0.3 percent, to 20,760.98. The China Enterprises Index was unchanged at 8,708.29 points.
US Treasury debt yields slipped from multi-week highs on Tuesday, after US stocks fell following a mixed batch of economic data that dampened expectations for an interest rate increase by the Federal Reserve in June. Yields on US two-year notes, the matur
US Treasury debt yields slipped from multi-week highs on Tuesday, after US stocks fell following a mixed batch of economic data that dampened expectations for an interest rate increase by the Federal Reserve in June. Yields on US two-year notes, the matur
China stocks dipped on Wednesday following the previous day's sharp rally, as growing optimism about MSCI adding mainland stocks to its emerging markets index was offset by worries over China's economy and a looming US rate hike. The bluechip CSI300 index
Indian shares rose to their strongest level since late October on Wednesday as firms reliant on consumer demand, such as cigarette maker ITC, advanced on data showing the economy grew faster than expected in the March quarter. The broader NSE index ended
European shares fell on Wednesday, hit by a drop in commodity stocks and banks, while the travel sector came under pressure after the United States issued a travel alert over the possibility of attacks in Europe this summer. The pan-European STOXX 600 and
Sri Lankan shares edged down on Wednesday for a third straight session as rising interest rates weighed on risky assets, while lack of new catalysts and concerns over foreign outflows also dented sentiment. Treasury bill yields rose between 4 and 35 basis
Australian and New Zealand shares fell on Wednesday, as investors took profits in banks, miners and energy stocks, but surprisingly strong Australian first quarter economic growth helped stem market losses. The S&P/ASX 200 index closed down 1.03 percent t
Britain's top share index retreated from a one-month high on Wednesday, with Wolseley's slumping after poor results and mining shares falling after metals prices dropped. The bluechip FTSE 100 index closed 0.6 percent lower at 6,191.93 points, a day after
China's yuan edged down against the dollar on Wednesday, approaching its lowest reading since early 2011, after the central bank weakened the midpoint for a third straight session to a new five-year low amid further greenback strength. The dollar index th
The dollar fell against the yen on Wednesday, pulling away from a one-month peak set earlier in the week, with its drop gaining momentum after breaching technical support levels. The dollar shed 0.7 percent to 109.95 yen, weakening from Monday's peak of 1
The dollar fell against the yen on Wednesday, pulling away from a one-month peak set at the start of the week, after soft US data prompted investors to reconsider hopes about whether the Federal Reserve will raise interest rates in June or not. Data relea
The US dollar hit its lowest level in two weeks against the yen on Wednesday after Japan delayed a sales tax hike for longer than expected, raising concerns about the lack of Japanese monetary stimulus to halt the yen's rise. Japanese Prime Minister Shinz
The US dollar hit an eight-day high against the British pound and gained slightly against the euro after two surveys showed that those campaigning for Britain to leave the European Union had moved ahead, while the yen gained on the nervousness. A telephon
Sri Lankan rupee forwards closed marginally lower on Wednesday on importer dollar demand, but the fall was capped due to moral suasion by the central bank, dealers said. The cost of landslides and floods, caused by days of torrential rain, will be between
Most emerging Asian currencies turned weaker on Wednesday with China's yuan near a five-year low as soft factory activity in the world's second-largest economy reinforced a bleak regional economic outlook. Asian currencies started the day firmer as the do
Sterling slipped to a two-week low on Wednesday, while the cost of hedging against volatility over the next month rose to its highest since 2009, on worries that the campaign for Britain to leave the European Union was gaining the upper hand. Sterling has
The Australian dollar powered up on Wednesday after economic growth easily beat expectations, prompting investors to further scale back expectations for an interest rate cut soon. The Australian dollar climbed as far as $0.7294 from $0.7233 in early trade
Professional boxers can compete at the upcoming Olympic Games in Rio de Janeiro, the sport's governing body ruled in a landmark decision on Wednesday. Meeting at an extraordinary congress in Lausanne, Switzerland, 95 percent of the AIBA delegates voted in
Director General (DG) Pakistan Sports Board (PSB) Dr Akhtar Nawaz Ganjera on Wednesday provided sports gears to the PSB Mohibullah Khan Squash academy for distribution among the budding players. Former World No 2 Mohibullah Khan, who is recently retired a
Brazilian football legend Pele showcased over 2,000 items of career memorabilia Wednesday, from trophies to balls and boots, before an auction next week that has been touted as one of biggest in sporting history. The sale, expected to fetch some £3 millio
Veteran Sri Lankan seamer Nuwan Kulasekara announced his retirement from Test cricket on Wednesday but said he would continue to be available for limited-overs matches. The 33-year-old paceman has not played a Test in almost two years and said in a letter
India will begin the defence of their Champions Trophy title against Pakistan at next year's tournament in England and Wales, the International Cricket Council announced Wednesday. Pakistan face India on June 4 next year in their first group-stage game of
The vice-chancellor of the Beaconhouse National University and son of the late Abdul Hafeez Kardar, Shahid H. Kardar met the Pakistan Cricket Board chairman at the Qadhafi Stadium, Lahore to talk about various issues of mutual interest. Having recently sh
Russian race walkers Olga Kaniskina and Sergey Kirdyapkin on Wednesday returned their medals from the London Olympics after their results were annulled for doping, Russia's athletics federation told AFP. The Court of Arbitration for Sport (CAS) ruled in M
England's Lydia Greenway, a four-time Ashes winner and two-time world champion, announced her retirement from international cricket on Wednesday. Greenway, 30, scored over 4,000 international runs in 225 appearances, playing in four successful Ashes campa
Defending champion Serena Williams powered into the French Open quarter-finals on Wednesday, but Timea Bacsinszky dumped out sister Venus as the Swiss continued her love affair with Paris. Serena reached the last eight at Roland Garros for the 10th time a
Andy Murray and defending champion Stan Wawrinka set up a mouth-watering French Open semi-final duel Wednesday as Novak Djokovic became the first player to smash the $100 million prize money barrier. Second seed Murray reached the semi-finals in Paris for
Taliban suicide bombers wearing police uniforms raided a courthouse in the eastern Afghan city of Ghazni Wednesday, killing six people in what they said was revenge for last month's execution of Taliban-linked prisoners. The assault comes a day after the
Two people were shot dead on Wednesday at the University of California's Los Angeles campus, prompting a lockdown of the massive facility as police searched for a possible shooter. "We have confirmation of two people killed for now," police spokeswoman Je
Transport chaos hit France on Wednesday as rail workers downed tools, and a tug of war between government and unions showed no sign of abating ahead of the Euro 2016 football tournament. The turmoil was set to drag on Thursday with staff at railway operat
Newly unsealed court documents in a case against White House hopeful Donald Trump's "university" reveal allegations from ex-employees that the now-defunct business preyed on the uneducated and misled consumers with aggressive marketing that amounted to fr
Saudi Arabia sentenced 14 people to death for terrorism on Wednesday after they were convicted of attacks on police in the Shia Muslim minority area of Qatif in the Eastern Province, scene of past anti-government protests, their lawyer said. Another nine
Jordanian King Abdullah swore in a new government led by a business-friendly politician on Wednesday, charging him with preparing for parliamentary elections by September and pushing legislation to spur sluggish growth. Hani Mulki, 64, who has held a stri
The besieged Syrian town of Daraya, a rebel-held suburb of Damascus where President Bashar al-Assad has refused to allow aid to starving Syrians, got its first UN aid convoy since 2012 on Wednesday. Russia's Defence Ministry said it had co-ordinated a 48-
Thousands of US-backed fighters opened a major new front in Syria's war, launching an offensive to drive Islamic State out of a swathe of northern Syria it uses as a logistics base, and were reported on Wednesday to be making swift progress. The operation
According to IESCO Spokesman, due to electricity maintenance/development work the power supply of the following feeders / grid stations would remain suspended as under. On 02 June 07:00am 12:00pm, Shahpur, Adyala Jail feeders, 10:00am 03:00pm, Line Park,
The Lahore High Court has reserved its judgement on a petition seeking action against the Pakistan Tehreek-e-Insaf party head Imran Khan for allegedly making hate speeches against the country's prime minister. A resident named Atif Sattar has claimed in h
By-elections on two Sindh Assembly seats PS 117 and PS 106 are being held today amid strict security arrangements. According to details, the two provincial seats - PS-117 and PS-106 got vacated after Member Provincial Assembly Dr Sagheer Ahmad and Muhamma