Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 06, 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 Institute was established in 1951 with the name of 'Pakistan Institute of Industrial Accountants (PIIA) and later it was chartered by legislative Assembly of Pakistan vide Cost and Management Accountants Act, 1966. By virtue of the CMA Act, the Instit
Established through the enactment of the Chartered Accountants Ordinance, 1961 the Institute of Chartered Accountants of Pakistan (ICAP) is a professional body representing Chartered Accountants employed in public practice, business and industry.
The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost & Management Accountants of Pakistan (ICMAP) have been awarding the Best Corporate Report (BCR) Awards for the last fifteen years. This award has been instrumental in enco
I am pleased that Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) are holding the ceremony of Best Corporate and Sustainability Report Awards 2015. These awards are playing a vital
The concepts of Sustainability is critical for the society and business henceforth accounting bodies need to play an effective role to implement GRI guidelines to gauge the sustainability development for all stakeholders. A robust sustainable reporting sy
On behalf of the Institute of Chartered Accountants of Pakistan, I wish to congratulate the winners of the BCSR awards and also those companies which have participated in the competition. Over the period, this competition has brought tremendous improvemen
I am pleased to know that the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan are regularly organizing Best Corporate & Sustainability Report Awards. These awards are greatly valued and are e
I am pleased to know that the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have kept the tradition of giving Best Corporate and Sustainability Report Awards.
I am pleased to learn that the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have maintained the tradition of giving Best Corporate and Sustainability Report Awards.
At Pakistan Mercantile Exchange Limited (PMEX), on Tuesday value traded was PKR 4.35 billion and the number of lots traded was 9,532. PMEX Commodity Index closed at 2,873. Major business was contributed by gold amounting to PKR 2.31 billion, followed by c
The Karachi Port handled 107,921 tonnes of cargo comprising 58,496 tonnes of import cargo and 49,425 tonnes of export cargo including 4,605 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday The total import cargo of 58,
A rising demand by mills persisted on the cotton market on Thursday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 6000, dealers said. In Sindh, seed cotton prices were at Rs 2900-3100 and in Punjab rates of P
After battering the Bahamas, hurricane Matthews was heading towards Florida, Georgia and the Carolinas which are presently forecast to only damage the coastal areas, but traders were worried that it would destroy large parts of the south-east United State
After battering the Bahamas, hurricane Matthews was heading towards Florida, Georgia and the Carolinas which are presently forecast to only damage the coastal areas, but traders were worried that it would destroy large parts of the south-east United State
Copper hit a two-week low on Thursday after jobless claims suggested further improvement in the US jobs market, increasing the chances of a Fed rate rise later this year and so boosting the dollar. Benchmark copper on the London Metal Exchange ended at $4
Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal Opec meeting on output cuts and plunging US crude inventories, with some saying the market has overshot itself with a near 15-percent gain in seven sessions. Saudi,
Benchmark Tokyo rubber futures extended gains for a fourth day on Thursday and hit their highest level in nearly five months, largely because of a weaker yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber
Malaysian palm oil futures reversed losses to chart their strongest daily gains in nearly two weeks on Thursday evening, as a weaker ringgit supported prices. Palm however is down 3 percent so far this week, its sharpest weekly drop since early July. Benc
Raw sugar futures on ICE fell sharply from the highest level in more than four years on Thursday, creating a potentially bearish technical formation after chart-based selling heavily pressured prices amid broad-based weakness in commodities. Cocoa and cof
Gold was little changed as the dollar pared gains on Wednesday, after bullion inched down to the lowest in more than three months following the previous day's sharp sell-off and a technical break well below the key $1,300-an-ounce level. Spot silver and p
Gold prices slipped on Thursday as the dollar firmed and equities rose ahead of economic data that should bolster expectations of a US interest rate hike. Spot gold had dropped 0.2 percent to $1,264.30 an ounce by 0653 GMT. In the previous session, it tou
Gold slipped to a more than three-month low on Thursday, pressured by a stronger dollar after a fall in US weekly jobless claims and ahead of more jobs data that could put the Federal Reserve on track to raise interest rates by year-end. Initial claims fo
Chicago Board of Trade corn and soyabean futures fell on Thursday, pressured by the expanding harvest in the US Midwest as well as a forecast for a bumper crop in Brazil, traders said. Wheat futures eased on a profit-taking setback after rallying sharply
Gold fell for the eighth straight session early on Thursday, slipping to a four-month low, pressured by a stronger dollar after US weekly jobless claims fell and ahead of key data that could put the Federal Reserve on track to raise interest rates this ye
Eurozone banks borrowed $2.8 billion from the European Central Bank's emergency line on Wednesday, one of the biggest weekly take-ups since the financial crisis, as Deutsche Bank's woes and tighter US rules made market funding more difficult. The nine ban
Zimbabwean President Robert Mugabe on Thursday said he planned to tone down contentious "indigenisation" legislation which in its current form obliges foreign companies to hand over most of their shares to local investors. "The relevant act will be amende
German banks scored a major coup this week after the European Central Bank confirmed that their senior unsecured debt would remain eligible as collateral even after changes to insolvency rankings kick in from January 2017. The ECB's statement on Wednesday
World food prices rose in September to their highest since March 2015, led mainly by sugar, the United Nations food agency said on Thursday. Except for a small dip in July, the Food and Agriculture Organization's (FAO) food price index has been increasing
The airline industry agreed Thursday on a framework for reducing its carbon footprint at a UN meeting in Montreal, the first commercial sector on its own to tackle climate change. Six years of negotiations culminated in what International Civil Aviation O
The World Bank cut its 2016/2017 growth forecast for Uganda on Thursday to 5.5 percent from 5.9 percent, citing the impact of South Sudan's conflict on its exports and sluggish investments due to slower economic activity globally. South Sudan is one of Ug
Citi analysts upgraded their recommendation on Europe's beleaguered banks to "overweight" within regional portfolios, citing signs of improvement in the credit cycle and loan growth as well as cheap relative valuations. Citi acknowledged headwinds facing
Britain on Thursday approved a shale gas fracking project in the north of England, overruling a local council's decision to prevent the controversial scheme which is also opposed by environmentalists. Communities Secretary Sajid Javid gave the green light
Norway plans to spend a record amount of its oil riches next year - an election year - to stimulate its economy hit hard by oil price weakness, a budget bill presented Thursday showed. The right-wing government plans to use 225.6 billion kroner (25 billio
The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, an indication of firmness in the labour market which may support an interest rate increase by the US Federal Reserve this year. Initial claims for
Tanzania has secured $1.6 billion in loans and grants from the World Bank which it said it will use to help end chronic power shortages, rebuild its railways and develop its farming. East Africa's second-biggest economy is revamping its power generation a
Strong demand from euro zone countries and domestic customers drove a bigger-than-expected rise in German industrial orders in August, suggesting factories will contribute to growth in Europe's economic powerhouse in coming months. The surprisingly strong
Britain's economic productivity - the key driver of living standards - has finally clawed back the ground it lost during and after the financial crisis, but remains almost a fifth below where it might have been had the crisis never happened. Official figu
Saudi Arabia's stock market continued rebounding on Thursday, led by bank and petrochemical shares, but most markets in the region weakened. The Saudi index rose 0.8 percent, although trading volume shrank to a modest level, suggesting many investors were
Tokyo shares closed higher for a fourth straight session Thursday as a weaker yen boosted exporters while Fujitsu soared on reports it is considering merging its money-losing PC unit with China's Lenovo. The dollar rallied as investors viewed strong US da
Wall Street was little changed on Thursday, a day ahead of a crucial employment report that would show whether the economy is strong enough to absorb an interest rate hike. A growing number of US Federal Reserve officials have argued for higher rates as t
Stocks on Wall Street rose Wednesday led by the energy sector as oil prices rallied and as financials gained on the increasing likelihood of an interest rate hike after strong economic data. Activity in the US services sector hit an 11-month high in Septe
Hong Kong stocks had solid gains on Thursday, boosted by buying of Chinese shares as some investors built positions ahead of next week's reopening of the China market. The benchmark Hang Seng Index rose 0.7 percent at 23,952.50 points and the China Enterp
US Treasury yields rose on Wednesday after data showing strong hiring in the services sector boosted hiring expectations for Friday's highly anticipated jobs report. The Institute of Supply Management (ISM) said on Wednesday that US services sector activi
US Treasury yields rose on Wednesday after data showing strong hiring in the services sector boosted hiring expectations for Friday's highly anticipated jobs report. The Institute of Supply Management (ISM) said on Wednesday that US services sector activi
Europe's benchmark German bond yield edged briefly back above zero on Thursday, reversing earlier falls, as a sell-off in the British government bond market spilled over into the euro area. Britain's 10-year gilt yield jumped almost 10 basis points to a t
Europe's benchmark German bond yield edged briefly back above zero on Thursday, reversing earlier falls, as a sell-off in the British government bond market spilled over into the euro area. Britain's 10-year gilt yield jumped almost 10 basis points to a t
Sri Lankan stocks ended lower for a second session on Thursday, on profit-taking in mainly bluechip consumer shares. The benchmark index of the Colombo Stock Exchange closed 0.19 percent down at 6,566.96. It hit a six-week high on Tuesday after gaining fo
Indian shares closed lower on Thursday as investors booked profits in cement stocks after a stellar rally this week and amid caution ahead of the US payrolls data, which is expected to give a better idea about the Federal Reserve's likely policy stance. T
European shares fell on Thursday after easyJet dropped to its lowest in more than three years, although the beaten-down banking sector rose for the third straight session. The STOXX 600 index fell 0.4 percent after opening in positive territory, extending
Australian shares recovered some ground on Thursday, tracking Wall Street and driven by financial stocks, after strong US economic data and sharp gains in oil prices hinted at a recovering global economy. The S&P/ASX 200 index perked up 30.07 points, or 0
Most Southeast Asian stock markets rose on Thursday, following stronger Asian peers, as sentiment was upbeat on encouraging economic data from the United States. Data released on Wednesday showed that activity in the world's largest economy's services sec
Britain's top shares index fell on Thursday, although it remained near record highs, with budget airline easyJet sliding lower after issuing a profit warning. The bluechip FTSE 100 index closed down 0.5 percent at 6,999.96 points - still near its record i
The dollar stuck to narrow ranges against its major rivals in Asian trade on Thursday, ahead of this week's nonfarm payrolls report that could reinforce expectations that the US Federal Reserve will hike interest rates by December. Beleaguered sterling sl
The dollar ground higher on Thursday, extending this week's four-week highs against the yen before a jobs report many expect to help seal the case for a rise in US interest rates in December. Rises in US Treasury yields over the past 10 days have been the
The dollar gained against a basket of currencies on Thursday, hitting its strongest level in two months as encouraging data on US jobs reinforced the view the Federal Reserve would raise interest rates at the end of the year. Sterling on the other hand fe
The dollar was little changed against a basket of currencies on Wednesday as encouraging data on the US services sector offset a weaker-than-expected report on private-sector job growth, while the euro was broadly higher in step with a rise in higher euro
The Sri Lankan rupee ended lower on Thursday due to importer dollar demand in the absence of central bank intervention, while seasonal demand from importers is expected to weigh on the local currency until the year-end, dealers said. The spot rupee ended
Most emerging Asian currencies pulled back on Thursday as traders took some money off the table as they wait on key US jobs data for clues on when the Federal Reserve might raise interest rates. The South Korean won ticked up slightly, outperforming regio
Sterling fell to a 31-year low on Thursday on fears of a "hard" exit by Britain from the European Union and Prime Minister Theresa May's comments on the impact of loose monetary policy, which some saw as a thinly veiled attack on the Bank of England. May,
The Australian dollar edged lower on Thursday as its US counterpart strengthened ahead of this week's jobs data, which could bolster expectations of a Federal Reserve rate hike this year. The Australian dollar slipped 0.1 percent to $0.7610. It looked set
Home favourite Zhang Shuai cruised past Simona Halep to book a quarter final place at the China Open on Thursday in rain-hit Beijing. Zhang overpowered fifth-ranked Halep in less than a hour, beating her 6-0, 6-3 to delight the home crowd in the Chinese c
Bangladeshi army commandos abseiled into the national stadium Thursday in a show of strength designed to reassure England's cricketers over their security on the eve of the opening ODI of their controversial tour. More than a dozen commandos scaled down r