Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 17, 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
On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,131 million and the number of lots traded was 13,277. PMEX Commodity Index closed at 3,033. Major business was contributed by gold PKR 3,450 million, followed by currencies through
ICE Canadian canola futures weakened on Tuesday, settling back from a rally on Monday amid good crop conditions in the fields, traders said. Some farmer and commercial hedging ahead of harvest added to the weakness. Traders also said that strength in the
Indian farmers have grown crops on 95.42 million hectares ever since the summer-sowing season began in June, 6.5 percent higher from a year earlier, government data showed on Friday. The progress in planting comes after the monsoon covered the entire coun
US natural gas futures settled 1 percent higher on Tuesday, helped for a second straight day by stronger crude oil prices that offset bearish weather forecasts expected to temper demand for air conditioning. Front-month gas futures for September delivery
Soyabean export premiums for shipments from the US Gulf Coast were little changed on Tuesday, with nearby values supported by good export demand and tight loading capacity at Gulf elevators, traders said. Corn and wheat export premiums also held steady.
Euronext wheat futures edged higher on Tuesday as a weather-hit harvest in France underpinned prices in the face of large crops in other major exporting countries. A steadying of Chicago futures during US trading and a rise in Russian export prices in the
Russia is facing a lack of grain storage as it remains on track to produce the largest cereals crop in post-Soviet history, the head of Russia's Grain Union, a non-government farmers' lobby group, said on Tuesday. Arkady Zlochevsky, the head of the union,
The Karachi Port handled 150,498 tonnes of cargo comprising 103,077 tonnes of import cargo and 47,421 tonnes of export cargo including 7,995 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday The total import cargo of 1
Prices slid on the cotton market on Wednesday in the process of hectic trade, dealers said. The official spot rates after a short break, fell by Rs 50 to Rs 6500, they said. The seed cotton prices in Sindh remained unchanged at Rs 3100-3300, while in Punj
Soyabean cash basis bids were sharply higher at processors in the eastern half of the US Midwest on Tuesday and steady to lower at crushing plants in the western half of the region as supplies tightened ahead of the fall harvest, dealers said. Soya basis
Indonesia's crude palm oil (CPO) output likely rose 14 percent in July, according to a Reuters survey, its third straight month of growth as impact from last year's drought diminished. CPO production likely rose to 2.802 million tonnes in July from 2.464
Ghana is on target to halve its fiscal deficit this year after its $918-million aid deal with the International Monetary Fund, Finance Minister Seth Terkper said on Wednesday. His comments appeared designed to allay uncertainty over the deal that emerged
Canadian small business lending tumbled in June for the seventh consecutive month, data from PayNet showed on Tuesday, as firms were unwilling to spend more on investment without greater demand for their products. PayNet's Canadian small business lending
General Electric Co's recent purchase of part of Doosan Engineering & Construction Co Ltd of Korea will sharply boost the US manufacturer's revenues from its $9.5 billion purchase of Alstom power assets last year, a senior GE executive said on Tuesday.
New Zealand's unemployment rate fell to 5.1 percent in the second quarter, Statistics New Zealand said on Wednesday, beating expectations. The agency revised seasonally adjusted first quarter unemployment rate for the first quarter to 5.2 percent from 5.7
Russia's economy weakened overall at the beginning of the third quarter, mixed macroeconomic data for July showed on Wednesday, strengthening the case for the central bank to cut interest rates at its next meeting in September, economists said. Income dat
Filipino and Saudi officials are working together to help thousands of stranded workers under a directive from King Salman, a diplomat said Wednesday as the Philippines labour secretary visited. The roughly 11,000 Filipinos are among tens of thousands of
Saudi Arabia is sending signals that it could boost its crude oil supplies in August to a new record level, overtaking Russia, the world's top oil producer, as it gets ready for tough talks next month for a global output freeze pact. Industry sources say
Iran said Wednesday that Norway had offered the Islamic republic a $1-billion credit line following a meeting between their foreign ministers in Tehran. Borge Brende and Mohammad Javad Zarif signed three "export credit" deals aimed at funding "development
Spanish gross debt rose to a record high 1.1 trillion euros ($1.24 trillion) in June, Bank of Spain data showed on Wednesday, which the economy ministry said that was equivalent to 100.9 percent of national output, well above 2016 goals. Spain is aiming f
US investors believe their stocks will do better if Donald Trump rather than Hillary Clinton wins the White House, but that confidence has eroded in recent weeks, a new poll showed Wednesday. With US markets trading at record highs, the Bloomberg Politics
The British government on Wednesday announced plans to clamp down on accountants, financial planners and advisers who enable tax avoidance, with heavy fines for those caught. Firms and individuals could have to pay up to 100 percent of the tax they helped
The outlook for the Swiss economy has turned gloomier for the first time in six months as the country grapples with weaker prospects for Europe following Britain's vote to quit the European Union, according to a poll published on Wednesday. The Credit Sui
An ex-Wall Street investment banker was convicted on Wednesday of engaging in insider trading by tipping his father off to unannounced healthcare mergers, a victory for prosecutors after an appellate ruling made it harder to pursue such cases harder. Sean
Customers at Deutsche Bank, Germany's largest, will not be charged negative interest rates on their savings, a senior executive said on Wednesday. "That won't happen with us," private banking chief Christian Sewing told Bild daily. Banks across Europe are
The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock decision by voters to leave the European Union, suggesting little immediate impact from Brexit on the labour market. Benefit claimants fell by 8,600
Most Middle Eastern stock markets fell on Wednesday with Saudi Arabia hit by a broad sell-off, but support for Qatar persisted on expectations of fund inflows when index compiler FTSE includes it in its emerging market index next month. Doha's index rose
Tokyo stocks rose Wednesday morning, shrugging off a fall on overseas markets as oil-linked shares and banks rose while a halt in the yen's rally lifted exporters. The Japanese market has been under pressure since weak GDP figures Monday resurrected fears
US stocks were lower on Wednesday as investors held off from making big bets ahead of the release of the minutes of the Federal Reserve's July policy meeting. The Fed left interest rates unchanged at its meeting last month but said near-term risks to the
US stocks eased from record highs on Tuesday after comments from Federal Reserve officials fuelled speculation of an interest rate hike this year. The S&P telecommunications index and utilities, among sectors most sensitive to changes in interest rates, l
Hong Kong shares slipped on Wednesday, as some investors took profits and shrugged off China's approval of a long-anticipated link to allow stock trading between Hong Kong and Shenzhen. The Hang Seng index fell 0.5 percent, to 22,799.78, while the China E
US Treasury prices slipped on Tuesday, with the two-year yield touching a near-three-week high as comments from two top Federal Reserve officials rekindled bets the US central bank may raise interest rates by year-end if the economy improves further. New
US Treasury prices slipped on Tuesday, with the two-year yield touching a near-three-week high as comments from two top Federal Reserve officials rekindled bets the US central bank may raise interest rates by year-end if the economy improves further. New
Most Southeast Asian stocks fell on Wednesday, as risk appetite soured after two US Federal Reserve officials stoked hopes that interest rates would be raised at least once this year, while investors braced for the minutes of a Fed meeting. New York Feder
Indian shares fell for a second consecutive session on Wednesday, reflecting the cautious sentiment in global markets after an influential US Federal Reserve official said interest rates could rise as soon as September. The BSE index fell 0.21 percent to
China stocks barely moved on Wednesday, the day after China approved the launch of a long-anticipated stock trading link to allow stock trading between Hong Kong and Shenzhen, the world's second-busiest, and tech-heavy, exchange. The CSI300 index, which t
European shares fell on Wednesday, with Austrian brickmaker Wienerberger, brewer Carlsberg and UK insurer Admiral sliding after publishing results. The pan-European STOXX 600 index, which reached a seven-week high earlier in the week, fell 0.8 percent. Th
Taiwan stocks fell in line with regional peers on Wednesday, paced by declines in technology heavyweights such as Hon Hai Precision Industry Co Ltd .Asian shares pulled back from a one-year high and the dollar strengthened, after an influential Federal Re
Australia's share market fell slightly on Wednesday, led by falls on Wall Street overnight and poor results in the financial sector, while New Zealand shares rose after strong local results impressed investors. The S&P/ASX 200 index was down 2 points to 5
A slump in Admiral shares dragged Britain's top stock index down further from the 14-month highs it hit on Wednesday, after the car insurer said that market volatility caused by Britain's vote to leave the EU had hit its solvency ratio. Shares in Admiral,
The dollar rebounded from 7-week lows against the yen on Wednesday following hawkish comments from Federal Reserve officials. Easing risk aversion also reduced bids for the safe-haven Japanese currency as shares in Tokyo bounced. The dollar was up 0.8 per
The dollar extended its recovery against a basket of currencies on Wednesday after bouncing back from 7-week lows against the yen and euro on the back of hawkish comments from two Federal Reserve officials in the previous session. Dealers said some of the
The US dollar recovered slightly on Wednesday as traders took profits on Tuesday's gains in the euro, yen and Swiss franc, and on expectations that the Federal Reserve could strike a hawkish tone in meeting minutes to be released later in the session. The
The US dollar hit its lowest levels in more than seven weeks against the euro, yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official, but pared losses after remarks from the head of the New York Fed raised expectat
The Canadian dollar strengthened to a seven-week high against its broadly weaker US counterpart on Tuesday as oil rose and domestic data showed a rebound in factory sales. The greenback was pummelled by investors tempering bets on the timing and pace of U
Most emerging Asian currencies on Wednesday slid as investors booked profits from their recent gains after hawkish comments from Federal Reserve officials, but doubts over near-term increases in US borrowing costs limited their downside. The Chinese yuan
Sterling's gains after data showed claims for jobless benefit in Britain unexpectedly fell in July were fleeting on Wednesday as the numbers did little to alter expectations of easier monetary policy and drove another bout of selling in the currency. Clai
The Australian and New Zealand dollars were subdued on Wednesday after the US dollar received a lift on speculation the US Federal Reserve may raise interest rates this year. The Australian dollar edged down to $0.7690, from a peak of $0.7750 set on Tuesd