The Bank of England said Thursday it was keeping its key interest rate at a record-low 0.25 percent, with no indication that the Brexit vote outcome was hurting the economy. The BoE said after a regular monetary policy meeting that it expected "less of a
Banks'' holding in government securities reached Rs 7.2 trillion as of end-June 2016, representing more than 90 percent share in total investments. According to State Bank of Pakistan (SBP), banks continued to heavily invest in government papers due to gr
Banks' holding in government securities reached Rs 7.2 trillion as of end-June 2016, representing more than 90 percent share in total investments. According to State Bank of Pakistan (SBP), banks continued to heavily invest in government papers due to gro
Banks' holding in government securities reached Rs 7.2 trillion as of end-June 2016, representing more than 90 percent share in total investments. According to State Bank of Pakistan (SBP), banks continued to heavily invest in government papers due to gro
Finance Minister, Senator Ishaq Dar invited leading French automobile manufacturers to set up their automobile manufacturing plants in Pakistan. Dar offered the invitation during his meeting with leading French automobile manufacturers, Renault and Peugeo
Finance Minister, Senator Ishaq Dar invited leading French automobile manufacturers to set up their automobile manufacturing plants in Pakistan. Dar offered the invitation during his meeting with leading French automobile manufacturers, Renault and Peugeo
Finance Minister, Senator Ishaq Dar invited leading French automobile manufacturers to set up their automobile manufacturing plants in Pakistan. Dar offered the invitation during his meeting with leading French automobile manufacturers, Renault and Peugeo
Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Finance Minister Senator Ishaq Dar has said Pakistan had introduced tough and deep-rooted financial fiscal and economic reforms that have paid dividends. Ishaq Dar stated this while addressing the participants of the forum of the foundation of strategic r
Finance Minister Senator Ishaq Dar has said Pakistan had introduced tough and deep-rooted financial fiscal and economic reforms that have paid dividends. Ishaq Dar stated this while addressing the participants of the forum of the foundation of strategic r
Finance Minister Senator Ishaq Dar has said Pakistan had introduced tough and deep-rooted financial fiscal and economic reforms that have paid dividends. Ishaq Dar stated this while addressing the participants of the forum of the foundation of strategic r
A suicide bomber injured four policemen, one critically, outside an Imambargah in Shikarpur in an attack claimed by the Pakistani Taliban as the country marked the beginning of Eidul-Azha on Tuesday. The incident occurred in Shikarpur, around 470 kilometr
A suicide bomber injured four policemen, one critically, outside an Imambargah in Shikarpur in an attack claimed by the Pakistani Taliban as the country marked the beginning of Eidul-Azha on Tuesday. The incident occurred in Shikarpur, around 470 kilometr
At least four people were killed and more than 100 injured when two trains collided at Buch 26km south-west of Multan early on Thursday, officials said. The accident occurred around 2:30am when the Karachi-bound Awami Express passenger train rammed into a
At least four people were killed and more than 100 injured when two trains collided at Buch 26km south-west of Multan early on Thursday, officials said. The accident occurred around 2:30am when the Karachi-bound Awami Express passenger train rammed into a
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (September 15, 2016).
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 15, 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
ICE Canadian canola futures fell on Tuesday to a nearly two-week low, pressured by weakness in soy prices ahead of a robust US soybean harvest. With soybeans declining, canola was overpriced compared to its rival oilseed, a trader said. November canola lo
Coffee trading in Vietnam, the world's largest robusta producer, improved slightly this week on rising prices amid thin overall stock, traders said on Tuesday. The November contract settled up $17, or 0.89 percent, at $1,926 per tonne on Monday. "As price
Corn and soyabean basis bids at US Midwest elevators and processors were mostly unchanged as futures prices for both grains slumped in anticipation for a record-large US fall harvest, merchants said. Chicago Board of Trade corn finished lower after the US
At Pakistan Mercantile Exchange Limited (PMEX), on Wednesday value traded was PKR 4,149 million and the number of lots traded was 8,920. PMEX Commodity Index closed at 2,969. Major business was contributed by currencies through COTS PKR 2,033 million, fol
Export premiums for soyabeans shipped from the US Gulf Coast were steady to firmer on Tuesday as futures prices fell and CIF barge basis values for near term shipments jumped to fresh highs, traders said. Spot CIF soyabean barges traded at a 23-month high
The Karachi Port handled 115,677 tonnes of cargo comprising 103,355 tonnes of import cargo and 12,322 tonnes of export cargo including 6,226 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Listless business was seen on the cotton market on Thursday amid post-holiday session, dealers said. The official spot rate was unchanged at Rs 5,900, dealers said. In Sindh, seed cotton prices were at Rs 2800-3050 and in Punjab rates of Phutti were up by
Cash basis bids for hard red winter (HRW) wheat in the southern US Plains on Tuesday were steady as futures followed corn and soybean contracts lower ahead of record-large harvest outlook, merchandisers said. Winter wheat planting is underway in parts of
Holiday mood still pervades on the cotton market after the recent celebration of the Eidul Azha festival. It appears that regular business will start mostly from early next week on our domestic cotton market. However, a few transactions that materialised
Holiday mood still pervades on the cotton market after the recent celebration of the Eidul Azha festival. It appears that regular business will start mostly from early next week on our domestic cotton market. However, a few transactions that materialised
ICE cotton bounced back from a near one percent drop initially to settle higher for the third straight session on Thursday as forecasts for rain in the cotton-belt areas of the United States offset poor export sales data. Weekly export sales report from t
Nickel slumped to the lowest in more than two months on Thursday after worries eased that an environmental crackdown in the Philippines would create shortages. Nickel is up about 12 percent this year, having hit a one-year peak in early August as authorit
Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No 1 carrier for the motor fuel in the United States. A run up in Wall Street s
Benchmark Tokyo rubber futures inched higher on Thursday, though gains were capped by a stronger yen and weak Japanese equities. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, held mostly steady. The
Malaysian palm oil futures rose on Thursday, reversing losses from the previous two sessions, as a weaker ringgit offset the impact of an increase in crude palm oil export tax. Malaysia raised its October crude palm oil export tax to 6.5 percent from 5 pe
Sugar futures rose on Thursday ahead of the October white sugar contract's expiry and as biweekly Brazil cane industry data showed lower production than some expected. Cocoa and arabica coffee on ICE Futures US were also higher. The October refined sugar
Gold prices rose on Wednesday, breaking a five-day decline as the dollar slipped against a basket of currencies, with the market waiting for clues on the timing of an increase in US interest rates. Spot gold was up 0.4 percent at $1,323.50 an ounce by 3:0
Gold prices slipped on Thursday after breaking a five-day losing streak in the previous session, as the dollar rose slightly and uncertain equity markets boosted the metal's safe-haven appeal ahead of the US Federal Reserve meeting next week. "While the m
Gold slipped to a two-week low on Thursday as the dollar edged upwards despite a mixed bag of US economic data ahead of next week's US Federal Reserve policy meeting. Spot gold fell as much as 1 percent to $1,309.25 an ounce and was down 0.7 percent at $1
Consultancy Strategie Grains on Thursday again cut its estimate of this year's soft wheat production in the European Union and also sharply lowered the expected share of milling-quality wheat due to weather damage. It put EU soft wheat production at 136.5
Chicago Board of Trade soyabean futures rose early on Thursday on fresh export demand and bargain-buying after a three-day slide in the benchmark November contract, traders said. Rally capped by the approaching harvest of a record-large US soyabean crop.
A housing bubble is looming in Copenhagen, inflated by Denmark's record-low interest rates, the central bank said on Wednesday. Prices on flats and smaller houses in Copenhagen are getting close to pre-financial crisis levels, it said. "Price increases in
Canadian home prices climbed in August, led by gains in the two hottest markets Vancouver and Toronto, where prices have more than doubled in just over 11 years, a home price index showed on Wednesday. Prices rose 1.5 percent last month from July, accordi
New Zealand posted a wider-than-expected current account deficit in the second quarter, official data showed Wednesday. The actual quarterly deficit in the three months to June totalled NZ$945 million ($684 million) compared with a surplus of NZ$1.18 bill
The key task of Russia's central bank is to enhance the credibility of its inflation targeting framework despite short-term risks to the country's growth, Fitch senior director Paul Gamble said on Wednesday. "And we think the central bank is doing this,"
China's bank lending in August more than doubled from the previous month, but analysts said much of the gain was due to strong mortgage demand, adding to evidence that Chinese companies are increasingly reluctant to make new investments. The figures, alon
China's bank lending in August more than doubled from the previous month, but analysts said much of the gain was due to strong mortgage demand, adding to evidence that Chinese companies are increasingly reluctant to make new investments. The figures, alon
The Bank of Japan will consider making negative interest rates the centrepiece of future monetary easing by shifting its prime policy target to interest rates from base money at its review next week, sources familiar with its thinking say. The change woul
Italy's Monte dei Paschi di Siena appointed Marco Morelli as its new chief executive on Wednesday, handing the 54-year-old banker the tough job of persuading investors to back a third cash call in as many years. Monte dei Paschi emerged as the weakest len
American movie star Leonardo DiCaprio unveils Thursday a new, free technology that allows users to spy on global fishing practices, in a bid to curb illegal activity in the oceans. The technology, known as Global Fishing Watch, was officially released to
The World Bank on Thursday said that international donor support is a must to maintain Palestinian budget-cutting achievements and stave off crisis. It said in a report that over the past 10 years the Palestinian Authority had slashed its deficit by an am
Indonesia will in November become the first country in the world to export wood products to the European Union meeting new environmental standards in a move aimed at bolstering transparency and curbing illicit logging. Officials from the European Union an
Australia's jobless rate hit a three-year low in August, yet employment still dipped in the month and the swelling numbers looking to work longer hours pointed to plenty of spare capacity in the labour market. Thursday's data from the Australian Bureau of
The International Monetary Fund on Wednesday resumed its bailout of war-torn Ukraine, approving disbursement of $1 billion from an aid package that had been held up in part on corruption concerns. Kiev had been waiting for the resumption of lending since
Taiwan regulators have ordered the removal of executives of a local bank linked to the Panama Papers scandal and barred it from opening overseas branches, saying not enough was done to prevent money laundering. Mega International Commercial Bank had alrea
German chemicals giant Bayer announced Wednesday a $66 billion deal to buy controversial US seeds and pesticides firm Monsanto, triggering immediate criticism from farmers and environmentalists. After a months-long pursuit, Bayer said its US peer had acce
European oil companies, especially Swiss commodity traders, are exploiting weak African fuel standards by selling toxic diesel and gasoline across the continent, a campaign group said Thursday. A three-year investigation published by Switzerland-based env
Zimbabwe said Thursday it will introduce next month "bond notes" equivalent to the US dollar, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The southern African nation, led by authoritarian President Robert M
Zimbabwe said Thursday it will introduce next month "bond notes" equivalent to the US dollar, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The southern African nation, led by authoritarian President Robert M
US household income posted a record increase in 2015 after years of stagnation, suggesting the recovery from the Great Recession was finally lifting ordinary citizens who had been largely left behind. The Census Bureau said on Tuesday that median househol
US retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week. The economic g
Stock markets in the United Arab Emirates fell on Thursday as they reopened after the long Eidul-Azha holidays, while Egypt continued sliding amid more bad news about the economy. Brent crude oil fell about 3 percent for a second straight day on Wednesday
Tokyo shares fell more than one percent on Thursday, led by a sell-off in bank stocks following reports that Japan's central bank will consider slashing interest rates deeper into negative territory. The losses on the Nikkei index followed another retreat
Wall Street rallied on Thursday, buoyed by Apple's best four-day run since 2014, higher oil prices and lacklustre data that further dimmed the odds of an interest rate hike next week. Apple rose as much as 3.3 percent, giving the three major indexes their