India on Friday mounted a massive search and rescue operation for an Indian Air Force plane that went missing with 29 people on board over the Bay of Bengal. With concern mounting hours after its disappearance, five surveillance aircraft and 13 navy and c

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

India on Friday mounted a massive search and rescue operation for an Indian Air Force plane that went missing with 29 people on board over the Bay of Bengal. With concern mounting hours after its disappearance, five surveillance aircraft and 13 navy and c

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (July 22, 2016).

The federal government and opposition Friday sent 24 names (12 each nominated by the Prime Minister and the Opposition Leader) in sealed envelopes in the name of Chairman, Parliamentary Committee for selecting four names (one from each province) for appoi

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 22, 2016).

The federal government and opposition Friday sent 24 names (12 each nominated by the Prime Minister and the Opposition Leader) in sealed envelopes in the name of Chairman, Parliamentary Committee for selecting four names (one from each province) for appoi

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 22, 2016).

Eight people died in a shooting rampage Friday in a Munich shopping centre with several people gravely injured, police said, in what they described as a suspected terror attack. "At the moment we can confirm eight dead people and several injured, whose nu

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (July 22, 2016).

Eight people died in a shooting rampage Friday in a Munich shopping centre with several people gravely injured, police said, in what they described as a suspected terror attack. "At the moment we can confirm eight dead people and several injured, whose nu

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (July 22, 2016).

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 22, 2016).

Interest rates on old and incremental FCY deposits on Friday (July 22, 2016).

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (July 22, 2016).

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (July 22, 2016).

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (July 22, 2016).

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 22, 2016).

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

The following were the fluctuations observed during the day:

The following were the fluctuations observed during the day:

All timings are in PST (Pakistan Standard Time).

Tarzan may have left the jungle, but the call of the wild proves too irresistible for the vine-swinging hero as he is lured back to the African forests, only to find himself racing to save his kidnapped wife and the Congolese people in a new film.

A lot has been written on bidding in Bridge. Countless conventions reign supreme as far as finding the right contract is concerned. And yet even at the highest international level, catastrophes occur in bidding when partners are not on the same wave lengt

Scooter Braun made his name as the man who discovered music phenomenon Justin Bieber nearly 10 years ago. Today, the talent roster of his management firm works with a number of big names, like Kanye West, Black Eyed Peas and Carly Rae Jepsen, which landed

He's been accused of killing a homeless man, shooting dead an endangered animal and assaulting a former Miss World but it seems nothing can stop the box office appeal of Bollywood bad boy Salman Khan. The Indian superstar's latest blockbuster smashed reco

She is emerging as the go-to star for big budget action blockbusters, knocking human and alien heads together in "Avatar," "Guardians of the Galaxy" and "Star Trek." But 38-year-old US actress Zoe Saldana isn't averse to giving her real-life adversaries a

People who drink lots of soda or other sugary beverages may have a higher risk of developing rare cancers in the gallbladder and bile ducts around the liver, a Swedish study suggests. Little is known about the causes of biliary tract and gallbladder tumor

The Pokemon Go craze is blamed for several robberies of distracted mobile phone players, but the game's cartoon characters have also helped US police improve strained community relations and even arrest wanted suspects.

It may be inside a protest rally, or in front of a deadly shooting. Smartphones, video and social media are empowering citizens to tell their stories like never before. This became clear with the live video earlier this month from Diamond Reynolds when sh

An expansion of farmland has damaged nature beyond a "safe" limit on 58 percent of the world's land surface, threatening natural services such as crop pollination by insects, scientists said on last Thursday. Grasslands, such as in United States, Argentin

With all the talk about the risks of "polypharmacy" - being prescribed more than five medications - it might be surprising to learn that not receiving enough of the right prescriptions can also significantly increase your risk of being hospitalised or dyi

The reasons experts usually give for eating more fruit and vegetables tend to be about long-term health benefits, but piling on the produce may also improve wellbeing in the shorter term, researchers say. Based on national surveys in Australia, the study

Paintings having an abstract touch by Aqsa Shakil seemed to capture the memories of everyday life in a solo exhibition titled "Delineate" at Koel Gallery Karachi. Her perception of memories was depicted in her paintings showing shadows and random splatter

Food economist Howarth Bouis is a man with a very big mission: to get staple foods fortified with health-improving vitamins and minerals to 1 billion people in the developing world by 2030. US-based HarvestPlus, the programme he founded to kick-start that

A little known Punjab-based political party which calls itself Move On Pakistan (MOP) put up banners in 13 cities across the country urging the army chief General Raheel Sharif to take over and form a government of technocrats. The ISPR quickly distanced

We laud efforts of Steering Committee on Promotion of Islamic Banking formed by Honourable Mr Muhammad Ishaq Dar, Finance Minister. The Committee was headed by Mr Saeed Ahmed, Deputy Governor State Bank of Pakistan. The Committee took this task as challen

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 8,287 million and the number of lots traded was 21,184. PMEX Commodity Index closed at 2,966. Major business was contributed by gold amounting to PKR 3,866 million. This was followe

ICE Canadian canola futures ended unchanged on Wednesday in thin, lackluster trading. Upside is limited by expectations for a bumper Canadian canola crop, a trader said. November canola settled unchanged at $463.40 per tonne. January canola was flat at $4

US wheat futures fell on Wednesday to their lowest in more than two weeks on a round of profit-taking after prices unexpectedly firmed during overnight trading, traders said. Weak demand in the export market for US supplies also pressured the market. Fres

Spot cash basis bids for hard red winter wheat in the southern US Plains held steady on Wednesday despite weaker premium scales, merchandisers said. Protein premiums for wheat shipped to and through Kansas City on Tuesday declined due to wheat quality iss

Export premiums for soyabeans shipped from the US Gulf Coast were flat to weaker on Wednesday, tracking declines in CIF barge basis values on light demand, traders said. Flooding in China has slowed demand for soyameal and limited its demand for imported

European wheat prices in Paris were unchanged on Wednesday, still supported by uncertainty about the final size of the European harvest after heavy rain this spring and summer damaged crops. An early fall of about 2 percent in US wheat futures in Chicago

The Karachi Port handled 158,699 tonnes of cargo comprising 134,274 tonnes of import cargo and 24,425 tonnes of export cargo including 4,568 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday The total import cargo of 134,

Influenced by the global track, prices drifted lower further on the cotton market on Friday in the process of trading, dealers said. The official spot rate dropped further Rs 100 to Rs 6,500, dealers said. Similarly, falling trend was witnessed in the see

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.

Tea prices in Bangladesh fell for a second session at the weekly auction on Tuesday because of tepid demand, despite a low volume on offer. Bangladesh tea fetched an average of 214.23 taka ($2.8) per kg at the auction, the 12th in the new marketing season

Indian soyabean futures ended higher on Tuesday on short-covering, even though gains remained capped due to steady sowing progress in key producing regions, while rapeseed fell on profit-taking. The October soyabean contract on the National Commodity & De

Shanghai Futures Exchange zinc traded up 0.5 percent, hitting 17,555, the highest since May 2015, and closing in on four-year highs above 17,590 yuan on Friday while Shanghai nickel pared early gains to drop 0.8 percent. "Supply-side issues (are) likely t

A stronger dollar knocked industrial metals prices on Friday while nickel was also hit as some investors locked in profits from a recent rally. Aluminium bucked the weaker trend and ticked higher as industrial consumers took advantage of recent declines t

Oil prices settled lower on Friday, losing 4 percent on the week, after the fourth weekly rise in the US oil rig count added to worries about a global crude glut. Crude futures were already down, with Brent at two-month lows, on fears of more Iraqi supply

Benchmark Tokyo rubber futures ended down 0.9 percent on Friday, coming under pressure from low oil prices and a stronger yen against the dollar. The Tokyo Commodity Exchange rubber contract for December delivery finished 1.5 yen lower at 162.8 yen ($1.54

The following were Friday's Rotterdam vegetable oil prices at 1600 GMT:

The following were Friday's Rotterdam vegetable oil prices at 1600 GMT:

Malaysian palm oil futures fell on Friday, after climbing to a two-week high in the prior session, although expectations of strong demand for the vegetable oil kept a floor under prices. The benchmark palm oil contract on the Bursa Malaysia Derivatives Ex

Arabica coffee futures on ICE took their biggest one-day tumble in a month on Friday, falling on the expectation that exports from Colombia will normalise after a truckers strike ended and as automatic sell orders were triggered. Sugar prices turned highe

Gold fell on Friday as investors cashed in profits following a 1.2 percent gain in the previous session on improving demand for the metal on signs US and European central banks will continue loose monetary policies in the medium term. "We have seen little

Gold rebounded above a three-week low and rose 1 percent on Thursday, as the dollar fell and the key stock indexes hovered below record highs after the European Central Bank left key interest rates unchanged. The ECB held rates at record lows as it seeks

Gold prices fell on Friday, reflecting tension between a global backdrop of easier interest rates and the chance of US monetary policy being tightened before the end of the year. Spot gold slid 0.6 percent to $1,323.22 an ounce by 1416 GMT, on course for

CME Group, owner of the Chicago Board of Trade (CBOT), will launch its long-planned European Union wheat futures in September as it challenges Euronext in the world's biggest wheat production zone. CME has been working on an EU wheat contract for several

British farming leaders warned Friday that post-Brexit curbs on EU immigration could be "devastating" for their sector and suggested a visa system to allow in seasonal workers to pick British crops. "The loss of labour post-Brexit could have a devastating

A subsidiary of South Korean conglomerate Samsung will buy a $450 million stake in China's electric carmaker BYD, which is partially owned by US investment guru Warren Buffet, the Chinese company said Friday. Shanghai Samsung Semiconductor has promised to

Strong results in power and aviation boosted General Electric's second-quarter results, despite an economy characterised by volatility and slow growth, the company said Friday. Net income was $2.7 billion, compared with a loss of $1.4 billion in the year-

Eurozone business growth was at its slowest since the start of 2015 this month as stronger performances in the two big economies of Germany and France offset weakness in smaller countries, a survey showed on Friday. While the survey result was not as weak

Visa Inc reported a higher-than-expected quarterly profit, helped by a rise in payments volume and transactions processed on its network, and announced a $5 billion share buyback program. The company's payments volume rose 10.2 percent to $1.35 trillion o

Visa Inc reported a higher-than-expected quarterly profit, helped by a rise in payments volume and transactions processed on its network, and announced a $5 billion share buyback program. The company's payments volume rose 10.2 percent to $1.35 trillion o

Eight major energy firms have expressed interest in drilling for oil and gas off the coast of Cyprus, the government said Friday. Energy Minister George Lakkotrypis said there had been "strong interest from big companies" in obtaining rights to drill off

A shortage of foreign exchange in Burundi caused by an ongoing political crisis is squeezing businesses, which say they are unable to replenish their stocks of imported merchandise. The European Union suspended financial support to Burundi in March, sayin

American Airlines Group Inc reported a better-than-expected quarterly profit as fuel costs fell and the world's largest airline said it would defer taking delivery of 22 Airbus planes to be able to adjust capacity according to demand. American's shares ro

American Airlines Group Inc reported a better-than-expected quarterly profit as fuel costs fell and the world's largest airline said it would defer taking delivery of 22 Airbus planes to be able to adjust capacity according to demand. American's shares ro

The European Union's securities watchdog fined Fitch Rating agency 1.38 million euros ($1.52 million) Thursday for breaking the bloc's credit ratings regulations. The European Securities and Markets Authority said that senior analysts at Fitch has passed

The European Union's securities watchdog fined Fitch Rating agency 1.38 million euros ($1.52 million) Thursday for breaking the bloc's credit ratings regulations. The European Securities and Markets Authority said that senior analysts at Fitch has passed

The European Commission on Friday took Greece to court for failing to recover more than 250 million euros ($275 million) in what it considered to be illegal state aid to Hellenic Shipyards. The case dates back to 2008 and deals with one of Greece's bigges

North Korea's economy contracted for the first time in five years in 2015, the South's central bank said Friday, undermining leader Kim Jong-Un's stated policy of simultaneous military and economic development. The isolated North's gross domestic product

Britain and South Korea have established a "fintech bridge" intended to make it easier for both countries to invest in the burgeoning financial technology sector, the British Treasury said on Friday. The cooperation agreement, which follows similar deals

Nigeria's finance minister on Thursday played down an International Monetary Fund forecast that the country's growth would shrink this year, seeking to allay fears of recession in Africa's top economy. The IMF said on Tuesday it expected Nigeria's economy

South Korea will submit its $9.7 billion extra budget to parliament next week, the finance ministry said on Friday, focused on creating 68,000 new jobs to make up for severe job cuts as the struggling shipping and building industries are overhauled. The f

The US government moved Thursday to prevent two mega-mergers in the health insurance industry, saying they would sharply reduce competition and harm millions of American consumers. The Department of Justice sued in the Washington, DC federal district cour

China's market regulator on Friday condemned the management team and major shareholders of the country's largest property firm over a hostile takeover that has battered the firm's share price. Vanke's management team and related shareholders have not take

Germany's powerful chemicals sector will see a bigger decline in sales over 2016 than previously thought as weak global growth and trade undermine prices, the VCI industry federation said on Friday. "Negative factors, such as weak growth in the emerging e

Mexico's annual inflation rate rose faster than expected in early July, driven up by higher gasoline prices, but it was still below the central bank's target. Inflation in the 12 months through mid-July rose to 2.72 percent, the national statistics instit

Canada's annual inflation rate held at a relatively tame 1.5 percent in June, Statistics Canada said on Friday, which analysts said would reinforce the likelihood the Bank of Canada keeps interest rates on hold. The central bank - which cut rates twice la

German carmaker Volkswagen will suspend sales of most of its models in South Korea from July 25 as pressure builds on the company over its falsified emissions tests. South Korea is the latest country forcing Volkswagen to take drastic measures to repair i

Investors bought up longer-dated eurozone debt on Friday, expecting the European Central Bank to focus its bond purchases on higher-yielding paper as it faces a shortage of eligible assets for its stimulus scheme. Around a third of euro zone government bo

Investors bought up longer-dated eurozone debt on Friday, expecting the European Central Bank to focus its bond purchases on higher-yielding paper as it faces a shortage of eligible assets for its stimulus scheme. Around a third of euro zone government bo

Tokyo shares closed lower Friday as worries over a flagged stimulus dented spirits, but Nintendo rose again as the hugely popular Pokemon Go app launched in Japan, its home market. Trading got off to a weak start as investors bought the yen after an inter

The S&P 500 and the Nasdaq were higher Friday, led by technology and telecom stocks, while the Dow's gains were limited by industrials after GE's disappointing results. GE, long considered a bellwether for the US economy, dropped 2.2 percent after its rep

Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared. The S&P 500 and Dow industrials pulled ba

Hong Kong shares finished down on Friday as Asian shares slid after weak corporate earnings halted Wall Street's record run. The Hang Seng index fell 0.2 percent, to 21,964.27, while the China Enterprises Index lost 0.3 percent, to 9,031.93 points. For th

US Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in US equities, as risk aversion crept back into the market with earnings disappointment at US tech company Intel and news of arrests over an alleged terror plot

US Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in US equities, as risk aversion crept back into the market with earnings disappointment at US tech company Intel and news of arrests over an alleged terror plot

China stocks closed down on Friday after a central bank official cast doubts on the likelihood of further interest rate cuts and investors took profits following the previous day's bounce. Sheng Songcheng, director of the Survey and Statistics Department

Indian shares ended higher on Friday, although the indexes ended marginally down for the week, with corporate earnings bringing positivity into an otherwise lacklustre market. The BSE index rose 0.33 percent to 27,803.24. The broader NSE index climbed 0.3

European stock markets slipped on Friday, weighed down by falls at Spain's Banco de Sabadell , though Vodafone gained after its update. The pan-European STOXX 600 was down by 0.1 percent while the similar FTSEurofirst 300 was flat at the close. Banca de S

Australia's shares paused near a one-year high on Friday, though a rally in the natural resources sector offset some losses in energy and financials, while New Zealand's bourse touched an all-time high. The S&P/ASX 200 index eased 0.26 percent, or 14.19 p

Most Southeast Asian stocks markets ended lower on Friday after weak US corporate results, and as statements from the Bank of Japan governor hinting at no plans to expand stimulus programmes hurt investor sentiment. In a BBC interview broadcast on Thursda

Britain's top share index edged higher on Friday on hopes of further action from the country's central bank following poor UK economic data, with companies like Vodafone and CRH gaining on positive updates. Expectations grew that the Bank of England would

The yen hovered above six-week lows on Friday after comments from Bank of Japan Governor Haruhiko Kuroda dented speculation Japan may be preparing a radical "helicopter money" economic stimulus. The yen bounced back to 105.88 yen per dollar from 107.49, i

Surveys that suggested the UK economy may start to contract in quarterly terms after last month's Brexit vote dominated trade on major currency markets on Friday, knocking almost 1 percent off sterling across the board. The yen also weakened, weighed down