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
Export premiums for corn and soyabeans shipped from the US Gulf Coast were mostly steady to higher on Tuesday, supported by firm CIF barge basis values and tight near-term loading capacity, traders said. Higher spot barge freight rates and slow farmer sal
On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,510 million and the number of lots traded was 15,828. PMEX Commodity Index closed at 2,948. Major business was contributed by currencies through COTS amounting to PKR 3,240 milli
Thin trade activity was seen on the wholesale grain market on Thursday due to little interest among main participants, dealers said. On the cereals side, wheat new Bardan drifted lower by Rs 20 to Rs 3250, other commodities maintained overnight levels, th
The Karachi Port handled 133,303 tonnes of cargo comprising 116,919 tonnes of import cargo and 16,384 tonnes of export cargo including 5,838 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
The December contract was higher on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 1850.10 on Tuesday and it commenced with 60 paisas gain at Rs 1850.60 in the wee hours, they ad
Trade activity improved on the cotton market on Thursday as mills continued forward buying to meet demand, dealers said. The official spot rate picked up Rs 100 to Rs 6,450, dealers said. In Sindh seed cotton prices were at Rs 3100 and Rs 3200 and in Punj
Spot basis bids for hard red winter wheat in the southern US Plains on Tuesday were unchanged despite the pullback in futures prices from session highs, merchandisers said. K.C. hard red winter wheat contracts bowed to profit-taking after three days of ga
Due to relatively low sowing of the new cotton crop (August 2016 / July 2017) in Pakistan following large losses suffered by the growers in the last season (2015/2016) due to low output and also decreased selling prices, production for the new crop is pre
Due to relatively low sowing of the new cotton crop (August 2016 / July 2017) in Pakistan following large losses suffered by the growers in the last season (2015/2016) due to low output and also decreased selling prices, production for the new crop is pre
ICE cotton futures fell to their lowest in a week on Wednesday, on expectations of small showers in West Texas, the top US producing region, and better weather in India, the world's largest cotton producer. "Everybody is watching western India and western
Shanghai Futures Exchange copper trimmed losses to 0.2 percent at 37,820 yuan ($5,681) a tonne on Thursday as the dollar fell after the US Federal Reserve stopped short of signalling a near-term interest rate rise, spurring investors to buy hard assets su
Copper climbed on Thursday, boosted by a lower dollar after the US central bank left rates unchanged and some expectations of steady demand in top consumer China. Benchmark copper on the London Metal Exchange ended up one percent at $4,896.5 a tonne. The
Oil prices fell nearly 2 percent on Thursday, hitting three-month lows, after a fresh stock build at the delivery hub for US crude futures added to concerns that producers were pumping more than needed. Surplus barrels of gasoline have already made the gl
Benchmark Tokyo rubber futures rose for a second day on Thursday as investors stepped up buying on concerns over possible supply disruptions in Southeast Asia due to bad weather, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for Janua
Malaysian palm oil futures reversed gains made in the previous session, pushed lower by expectations of rising output that would contribute towards greater stockpiles at end-July. Benchmark palm oil futures for October delivery on the Bursa Malaysia Deriv
Raw sugar futures on ICE fell to a five-week low on Thursday, dropping for the third straight session on chart-based selling and as dealers focused on cane industry data expected next week. London cocoa also fell to a five-week trough as the charts weaken
Gold extended its climb above $1,330 an ounce on Wednesday after the US Federal Reserve left interest rates unchanged as expected and the dollar pared gains against a basket of major currencies. The US central bank said in a statement following its two-da
Gold edged up on Thursday, clinging to gains from the previous session when it rose 1.5 percent to a two-week high, on a weaker dollar after the US Federal Reserve left interest rates unchanged. Spot gold inched up 0.2 percent to $1,341.60 an ounce at 071
Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in US interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check
Argentine farmers have brought in 86.7 percent of land planted with soyabeans this season, the Buenos Aires Grains Exchange said on Thursday, adding 8 percentage points during the week but lagging last year's harvesting tempo by 9.9 percentage points due
Ford Motor Co reported weaker-than-expected profit in the second quarter and declared that the US auto industry's long recovery was at an end, sending its stock and those of other auto companies into a tailspin. Ford shares slumped nearly 10 percent in mo
Ford Motor Co reported weaker-than-expected profit in the second quarter and declared that the US auto industry's long recovery was at an end, sending its stock and those of other auto companies into a tailspin. Ford shares slumped nearly 10 percent in mo
An independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund's Independent Evaluation Office sai
Credit Suisse has cut more than 1,000 jobs in London this year as part of chief executive Tidjane Thiam's turnaround plan, which showed signs of progress last quarter as he cut costs, risks and the size of the investment bank. Credit Suisse on Thursday re
Solid sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics on Thursday post a better-than-expected gain in net profit for the second quarter. The giant South Korean conglomerate said its key mobile division enjoyed
Solid sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics on Thursday post a better-than-expected gain in net profit for the second quarter. The giant South Korean conglomerate said its key mobile division enjoyed
Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion). Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related
Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion). Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related
Software giant Oracle agreed to acquire cloud computing company NetSuite for $9.3 billion in cash, the companies announced Thursday. Oracle will incorporate NetSuite's cloud-based financial management and resource planning products into its offerings to c
China on Thursday announced new rules governing ridesharing services, making clear for the first time that they are now legal in a giant market where US-based Uber is at loggerheads with local rival Didi Chuxing. China has become the world's largest onlin
German consumer price inflation grew more than forecast in July but remained weak, preliminary data showed on Thursday, highlighting the limited effect of the European Central Bank's ultra-loose monetary policy. The euro zone has seen little or no inflati
The number of foreigners visiting Turkey plummeted more than 40 percent in June, official data showed on Thursday, marking the biggest drop in at least 22 years as tensions with Russia and a series of deadly bombings kept tourists away. The decline is the
Renault on Thursday posted a 7.5 percent increase in net profit in the first half, a result the French automaker said was a record in terms of profitability. Net profit came in at 1.5 billion euros ($1.66 billion) on sales of 25.2 billion euros, up 13.5 p
Renault on Thursday posted a 7.5 percent increase in net profit in the first half, a result the French automaker said was a record in terms of profitability. Net profit came in at 1.5 billion euros ($1.66 billion) on sales of 25.2 billion euros, up 13.5 p
Royal Dutch Shell's net profit collapsed in the second quarter on low oil prices, weak refining margins and production outages, the British energy giant said Thursday. Net profits sank 71 percent to $1.175 billion in the three months to June, compared wit
Royal Dutch Shell's net profit collapsed in the second quarter on low oil prices, weak refining margins and production outages, the British energy giant said Thursday. Net profits sank 71 percent to $1.175 billion in the three months to June, compared wit
The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend continued to point to sustained labour market strength. Initial claims for state unemployment benefits increased 14,000 to a seasonally ad
Banco Santander, the eurozone's biggest bank by capitalisation, on Wednesday reported second-quarter profits plunged by 50 percent, hit by adverse exchange rates and one-off items. It said net profits for the period were 1.28 billion euros ($1.41 billion)
Banco Santander, the eurozone's biggest bank by capitalisation, on Wednesday reported second-quarter profits plunged by 50 percent, hit by adverse exchange rates and one-off items. It said net profits for the period were 1.28 billion euros ($1.41 billion)
Drugmaker GlaxoSmithKline on Wednesday revealed plans to invest £275 million into three of its British manufacturing sites, shrugging off Brexit worries. The investment - worth $361 million or 328 million euros - will be ploughed into facilities in Barnar
JetBlue ordered Tuesday another 30 medium-haul A321 aircraft that carry a catalogue price of $3.6 billion as the US airline said it plans to step up its premium transcontinental service. "JetBlue believes the additional aircraft will allow it to capture a
French automaker PSA Group shrugged off a drop in Chinese sales and an ageing line-up to deliver record first-half profit, as Chief Executive Carlos Tavares made progress on his turnaround plan for the maker of Peugeot, Citroen and DS cars. PSA shares sur
French automaker PSA Group shrugged off a drop in Chinese sales and an ageing line-up to deliver record first-half profit, as Chief Executive Carlos Tavares made progress on his turnaround plan for the maker of Peugeot, Citroen and DS cars. PSA shares sur
Sri Lanka's central bank raised its main interest rates by 50 basis points each on Thursday in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures. The Central Bank of Sri Lanka raised the
Egypt's largest bank helped carry the stock market higher on Thursday after it posted strong quarterly earnings, while weak results from bluechips weighed on some Gulf bourses. The Cairo index rose 1.5 percent to 8,031 points, climbing above major technic
India's NSE index rose for the second successive session on Thursday to its highest since April 2015 as sentiments were lifted by positive earnings of companies such as Bharti Airtel. The BSE index closed 0.66 percent up at 28,208.62 points. The broader N
The S&P 500 index and the Dow edged lower on Thursday as investors fretted about weak economic data and disappointing earnings from Ford. The carmaker reported weak China sales and declared that the US auto industry's long recovery was at an end, triggeri
Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year. The Fed had not been expected to move interest rates at its two-day meeting, ended on Wednesday,
Hong Kong stocks eased slightly on Thursday, dragged by energy and financial shares. The Hang Seng index fell 0.2 percent to 22,174.34 points, while the China Enterprises Index lost 0.4 percent to 9,082.85.
Taiwan stocks fell on Thursday, tracking slides in some other Asian bourses even as the US Federal Reserve provided a positive assessment of the world's largest economy and lifted risk sentiment. China's Shanghai Composite index dipped 0.5 percent, while
US Treasury prices rose on Wednesday after the Federal Reserve, as expected, left policy rates unchanged and offered no hint it was in a rush to raise them even as it acknowledged fewer near-term risks in its outlook on the US economy. The Fed's latest po
US Treasury prices rose on Wednesday after the Federal Reserve, as expected, left policy rates unchanged and offered no hint it was in a rush to raise them even as it acknowledged fewer near-term risks in its outlook on the US economy. The Fed's latest po
Tokyo shares fell Thursday as a Bank of Japan (BoJ) policy meeting kicked off, with markets waiting to see if policymakers unleash a fresh round of stimulus to kick-start sluggish growth. The gathering is the BoJ's first since Britain's shock vote to quit
China stocks closed up on Thursday as rises in auto stocks and industrials offset declines in financials resulting from news of a pending crackdown on stock investments by China's massive wealth management industry. The CSI300 index of the largest listed
European shares fell on Thursday with Lloyds leading a weaker financial sector lower and disappointing earning updates from firms including oil major Royal Dutch Shell also weighing. The pan-European STOXX 600 index fell 0.9 percent, while the FTSEurofirs
Sri Lankan shares ended slightly firmer on Thursday, snapping three sessions of losses as investors picked up diversified and manufacturing shares, while the market awaited directions on the country's economic policy. The benchmark Colombo stock index end
Southeast Asian stocks were largely sluggish on Thursday with investors watching from the sidelines as they awaited monetary easing steps by the Bank of Japan to support the government's larger-than-expected stimulus package. Japan's economy minister call
Britain's top share index dipped on Thursday after hitting a one-year high in the previous session, with Lloyds, Smith & Nephew and Royal Dutch Shell falling after poorly received trading updates. The bluechip FTSE 100 index was down 0.4 percent at 6,721.
The yen gained on Thursday on speculation that the Bank of Japan won't deliver radical stimulus this week, while the dollar took a step back after the US Federal Reserve stopped short of signalling a near-term rate rise. The dollar skidded 0.5 percent to
The dollar fell against the yen on Thursday as expectations faded that the Bank of Japan would deliver the radical stimulus package some had expected this week, and after the US Federal Reserve stopped short of flagging a near-term rate rise. Expectations
The yen gained against the dollar on Thursday as investors feared that the Bank of Japan will not meet high expectations for a large stimulus package when it concludes its two-day meeting on Friday, and after the US Federal Reserve on Wednesday stopped sh
The US dollar weakened on Wednesday after the Federal Reserve's statement was seen as increasing the possibility of a September rate hike, but not strongly pointing towards one, and as investors turned attention back to the Japanese central bank meeting o
Most emerging Asian currencies rose on Thursday as the dollar lost ground after the US Federal Reserve did not provide strong signals on a near-term interest rate hike, while caution grew ahead of Japan's central bank policy decision. South Korea's won hi
The Sri Lankan rupee ended firmer on Thursday as banks' dollar sales surpassed mild importer greenback demand ahead of the central bank's monetary policy rate announcement later in the day, dealers said. The central bank is expected to keep its key intere
Sterling fell to a two-week low against the euro on Thursday, 3,000 job cuts at British bank Lloyds adding to signs of a worsening economic outlook as investors bet the Bank of England will cut interest rates next week. Since the 14 percent fall in the po
The Australian and New Zealand dollars inched higher on Thursday, benefiting from weakness in the US dollar after the Federal Reserve stopped short of signalling a near-term rate rise. The Australian dollar climbed 0.27 percent to $0.7512, staying above k
Easy sailing for top seed Komal and second seed Laiba Ijaz in the ongoing Abdul Sattar Edhi Memorial Women Squash Championship being played here at PAF Hashim Khan Squash Complex on Thursday. The two top seeded players marched into the second round after
Russia's Olympic committee (ROC) has removed three cyclists from the team heading to the Rio Games while three more, who were potentially implicated in the McLaren report, are under investigation, the UCI announced on Thursday. The trio withdrawn by the R
Batting hero Kusal Mendis backed Sri Lanka's spinners to pile on the pressure against Australia after his brilliant maiden century gave the hosts an unlikely shot at victory in the first Test in Pallekele Thursday. An unbeaten 169 from Mendis helped Sri L
A riot during the Olympic torch relay cast a shadow over the Rio Games starting in just over a week Thursday, marking a new low in a ritual that had been meant to unite Brazil. The torch is nearing the end of a 300-city relay that will end with the lighti
Former Wall Street banker Pedro Pablo Kuczynski was inaugurated as Peru's new president Thursday, vowing to kick-start the economy and unite a country torn by a photo-finish election. The 77-year-old center-right economist extended an olive branch to defe
Democ-rat Hillary Clinton will make her case for the White House on Thursday night, facing the tough task of equaling show-stopping speeches by President Barack Obama and others who have embraced her bid to become the first woman to be elected US presiden
Shia rebels and their allies Thursday formed a 10-member "supreme council" to run Yemen, in what the government condemned as a blow to already stalled UN-brokered peace talks. UN special envoy Ismail Ould Cheikh Ahmed said the move "contravenes" the rebel
Syria regime ally Russia on Thursday announced a "large-scale" aid operation to allow civilians and fighters to flee besieged Aleppo, as the president offered an amnesty to rebels who surrender. Government forces have surrounded rebel-held districts in ea
Pope Francis fell Thursday after apparently stumbling down a step on an altar during a visit to Poland but quickly got back to his feet, seemingly without injury. Polish media broadcast images of the 79-year-old Argentine pontiff stumbling, then falling d
The latest El Nino weather phenomenon, which was one of the most powerful on record, has ended but could be replaced by its stormy sister La Nina in the coming months, the UN meteorological agency said Thursday. "Atmospheric indicators that had shown stro
The Syrian branch of al Qaeda, Al-Nusra Front, announced Thursday it was breaking ties with the global terror network, in a video showing its leader Abu Mohamad al-Jolani for the first time. The footage broadcast by Al-Jazeera news channel follows several
Syrian President Bashar al-Assad on Thursday offered an amnesty to armed rebels battling his forces if they surrender, the official SANA news agency reported. "Everyone carrying arms... and sought by justice... is excluded from full punishment if they han
German Chancellor Angela Merkel on Thursday rebuffed calls to reverse her welcoming stance toward refugees after a series of brutal attacks in the country. Merkel, who interrupted her summer holiday to face the media in Berlin, said the four assaults with
French energy giant EDF's board approved Thursday the building of a nuclear power station in Britain, a source close to talks said, in a project which critics fear could bankrupt the French utility. EDF's directors had been deeply divided over the planned
Acclaimed Finnish classical composer Einojuhani Rautavaara has died aged 87, his record label said on Thursday. "It is with profound sadness we write to inform you of the death of a major composer of our time, Professor Einojuhani Rautavaara," Ondine Reco
The World Food Programme warned Thursday that it could be forced to suspend humanitarian aid for malnourished infants in Niger from September because of a lack of money. WFP said a shortage of funds was threatening all its activities in Niger, one of the
Some 30,000 passengers were affected Thursday on the second day of a weeklong strike by Air France flight crew with the cancellation of one in five flights, a company spokesman said. The disruption was slightly greater than on Wednesday. The new CEO of th
Expressing grave concern over rampant medicine price hike in the country, the Supreme Court Thursday sought comprehensive report pertaining to current operational status of laboratories including detail of medical equipments in District Headquarter hospit
In the midst of the justifiable excitement surrounding China-Pakistan Economic Corridor (CPEC), it is pertinent to assess what the Pakistan-China friendship means to the different stakeholders in the country. For the Ayub era generation, the significance
Senate House Committee on Thursday expressed displeasure over working of Capital Development Authority (CDA) and directed its officials to improve their performance. Committee of the meeting was held in-camera in the Parliament House wherein CDA officials
