Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 20, 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
In order to make the system transparent in Punjab there are two systems being introduced in the induction of government servants: one is Public Service Commission and the other one is NTS. There is a large number of inductions in health and education sect
What is 'Haram' in Islam, the connotation is associated with those acts that are forbidden by Allah. The first question about hinnie and haram started in heaven when Adam ate the forbidden fruit. The question is not about wrong and right. God has already
On Monday, at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.69 billion and the number of lots traded was 6,205. PMEX Commodity Index closed at 3,016. Major business was contributed by currencies through COTS amounting to PKR 1.05 billion, fol
US wheat futures eased on Monday, reversing earlier gains in a technical selloff tied to abundant global supplies, traders said. Wheat gained in the overnight session, prompted by worries that bitter cold temperatures in the United States could harm dorma
Export premiums for soyabeans shipped from the US Gulf Coast held unchanged on Monday, supported by steady buying by China but capped by expectations for a record harvest in South America, traders said. FOB corn and wheat basis offers were flat on light t
Palm oil prices on the European vegetable oils market eased on Monday with Malaysian palm oil futures, on expectations that Malaysian palm oil exports in the December 1-20 period will be down. Palm oil was mostly offered at between $2.50 and $12.50 a tonn
European wheat futures edged lower on Monday in step with Chicago, coming off an earlier three-week high, as traders played down the threat of cold weather damage in the United States. The European market remained underpinned by the euro's recent slide ag
The Karachi Port handled 131,389 tonnes of cargo comprising 113,102 tonnes of import cargo and 18,287 tonnes of export cargo including 5,788 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Cotton prices dropped modestly on the local market on Tuesday in the process of trading, dealers said. The official spot rate was lower by Rs 50 to Rs 6250, dealers said. In Sindh, seed cotton prices were at Rs 2600-3250, they said that in Punjab, phutti
Rising domestic coffee prices have encouraged Vietnamese farmers to sell more beans, while extended rainfall hurt current crop in the world's top robusta producer, traders said on Tuesday. Prolonged rain in Vietnam's Central Highlands is expected to hurt
Egypt's bluechip stock index surged to a record high on Tuesday while Qatar's market was supported by a potential $44 billion bank merger but other major Gulf bourses were dampened by profit- taking. Cairo's index jumped 3.4 percent to 12,148 points, exce
Sri Lankan shares fell for a sixth straight session on Tuesday to hit its lowest in more than eight month led by financials as a Seylan Bank share deal cancellation weighed on sentiment. Stockbrokers said the Colombo Stock Exchange cancelled the 1.3 billi
The Dow and the Nasdaq hit record highs on Tuesday, with the bluechip index just 13 points shy of the 20,000 mark, a level it has never scaled. Goldman Sachs, which was up about 1 percent, gave the biggest boost to the Dow. US stocks have been on a tear s
Wall Street extended a recent rally on Monday but finished the session short of earlier highs after several people were killed by a truck driven into a Christmas market in Germany. All three major US indexes ended higher but lost some steam after German p
Hong Kong stocks fell to five-month lows in thin trading on Tuesday, mainly hurt by weakness in mainland companies listed in the city. The benchmark Hang Seng index extended early losses and fell 0.5 percent, to 21,729.06 points, its lowest close since Ju
US Treasury prices rose on Monday as investors were seen covering short positions heading into year-end, but gave up some gains after Federal Reserve Chair Janet Yellen gave an upbeat view of the jobs market. Yellen did not mention monetary policy in her
US Treasury prices rose on Monday as investors were seen covering short positions heading into year-end, but gave up some gains after Federal Reserve Chair Janet Yellen gave an upbeat view of the jobs market. Yellen did not mention monetary policy in her
Indian shares fell for the fifth straight session on Tuesday with financial stocks such as State Bank of India and ICICI Bank leading the decline. The benchmark BSE index closed 0.25 percent lower at 26,307.98, while the broader NSE index ended down 0.27
Tokyo stocks rebounded on Tuesday as the yen lost ground and the Bank of Japan upgraded its view of the world's number-three economy. The benchmark Nikkei 225 index, which snapped a nine-day winning streak the previous day, rose 0.53 percent, or 102.93 po
China stocks slid on Tuesday, as the authorities tightened regulations to prevent financial risks and asset bubbles. The bluechip CSI300 index fell 0.6 percent, to 3,309.06 points, a two-month low, while the Shanghai Composite Index lost 0.5 percent to 3,
European shares rose slightly on Tuesday, holding near their highest levels since January, helped by a busy year-end for corporate deal making and more signs that Italy is making progress on stabilising its wobbly banking sector. Europe's STOXX 600 rose 0
Australian shares reached their highest close in more than 16 months on Tuesday, with banking and consumer stocks taking the spotlight. Minutes of the Reserve Bank of Australia's last policy meeting showed that it expressed cautious optimism about the cou
Most Southeast Asian stock markets closed lower on Tuesday as capital flight worries weighed on investor sentiment after Federal Reserve Chair Janet Yellen's upbeat view of the US jobs market strengthened the case for more rate increases next year. Yellen
Britain's top share index rose to a two-month high on Tuesday, helped by gains in Carnival and strength in the bank sector after Lloyds rose after a deal to buy a credit card business. The bluechip FTSE 100 index was up 0.4 percent at 7,043.96 points by t
A strike by aviation unions on Tuesday grounded flight operations at Nigeria's largest airline Arik Air, leaving thousands of local and foreign passengers stranded, the company and union officials said. "Arik Air expresses its dismay and disappointment th
Venezuela reopened Tuesday a border crossing with Colombia that it had closed as part of a messy crackdown on what it called currency hoarders. A pedestrian crossing over the Simon Bolivar Bridge - joining the cities of San Antonio in Venezuela and Cucuta
British retail sales grew at their fastest rate in more than a year during the last week of November and the first two weeks of December, a survey by the Confederation of British Industry showed on Tuesday. However, the trade body said it expected sales t
Australia on Tuesday signed a mega deal to purchase a fleet of next-generation submarines from France, with Prime Minister Malcolm Turnbull hailing the vessels' "cutting-edge technology". French Defence Minister Jean-Yves Le Drian inked the inter-governme
The Bank of Japan on Tuesday lifted its view of the economy for the first time in over a year, as the sliding yen boosts exports, offering some hope for Tokyo's stuttering growth programme. Policymakers held fire on further stimulus and said they would ma
President Recep Tayyip Erdogan on Tuesday opened the first ever road tunnel underneath the Bosphorus Strait in Istanbul, the latest project in his plan of transforming Turkey's infrastructure. The opening ceremony - which brought together Turkey's entire
Prime Minister Theresa May on Tuesday said she was planning to negotiate both Brexit and Britain's future relationship with the EU by 2019 but a transition period may be required after that. Appearing before a parliamentary committee, May said companies a
The European Union charged Facebook on Tuesday with providing "misleading" information when it sought approval for its blockbuster $22-billon buyout of the WhatsApp mobile messaging service. The European Commission said the EU's greenlight of the buyout,
Lloyds Banking Group is buying the MBNA UK credit card business from Bank of America for 1.9 billion pounds ($2.4 billion) in an effort to increase profit and reduce its reliance on mortgage lending. The move represents the first major acquisition for Bri
France's top lenders are suing the European Central Bank to get an exemption from holding capital against deposits parked with a state-owned fund, the most high-profile challenge to supervision from Frankfurt to date. As well as providing euro zone banks
First Minister Nicola Sturgeon unveiled plans Tuesday for Scotland to stay in the EU's single market after Brexit but said her preferred option would be for an independent state within the EU. Sturgeon said Britain's June referendum decision to leave the
Philippine President Rodrigo Duterte has tapped a China-backed multilateral lender to help fund his government's "unprecedented infrastructure build-up", the finance minister said Monday, as he seeks closer relations with Beijing. The Beijing-based Asian
Taiwan's November export orders grew for a fourth straight month on seasonal demand for tech gadgets, giving the island's central bank another reason to stand pat on interest rates this week. But orders remain on track to contract for the second year this
Hungary's government sees economic growth accelerating to over 4 percent in the next two years, the Economy Ministry said on Tuesday, after unveiling a batch of stimulus measures as Prime Minister Viktor Orban eyes elections in 2018. The sharp upgrades in
Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and figures from government, which wants more money in workers' pockets to boost consumer spending, appear to underestimate the problem. Prime Minister
Six US retailers will no longer require hourly employees to check whether they are still needed for work and risk having their scheduled shifts cancelled with little notice, New York Attorney General Eric Schneiderman will announce on Tuesday. Schneiderma
The dollar was bouncing back towards its 14-year high against a basket of major currencies on Tuesday as the yen quickly gave up some of its gains following deadly incidents in Turkey and Germany. The US dollar remained well-bid against many other currenc
The dollar hit a fresh 14-year high on Tuesday, boosted by upbeat comments from Federal Reserve Chair Janet Yellen that kept alive market expectations for swifter US interest rate hikes next year than had been expected. The greenback climbed broadly but i
The dollar climbed to a 14-year high on Tuesday after Federal Reserve Chair Janet Yellen's comments about the labour market reinforced the notion of a faster pace of US interest rate hikes next year than had been expected. The greenback strengthened again
The Japanese yen rose on Monday on safe-haven bids after separate deadly attacks in Turkey and Germany, adding to earlier buying of the currency to book profits on the dollar's recent gains. In Ankara, an off-duty police officer opened fire and killed Rus
The Sri Lankan rupee closed weaker on Tuesday on dollar buying by banks and importers, with dealers saying the rupee was expected to fall further unless the country's central bank stepped in to raise interest rates. The dollar bounced back towards 14-year
The Malaysian ringgit slipped to its weakest level in nearly 19 years versus the dollar on Tuesday as prospects of a faster pace of US interest rate rises in 2017 kept the greenback well bid. The ringgit fell to 4.4790 per dollar as of 0556 GMT, its weake
China's yuan firmed on Tuesday as major state-owned banks sold dollars, while weak demand by companies for the US currency also offered a helping hand, traders said. The People's Bank of China set the midpoint rate at 6.9468 per dollar prior to the market
Sterling hit one-month lows against a broadly stronger dollar on Tuesday as Scotland's premier said she was willing to push for independence from the rest of the UK in order to maintain access to Europe's single market post-Brexit. Scottish First Minister
The Australian dollar inched higher on Tuesday following 4 straight days of losses, after the country's central bank indicated it was done cutting interest rates for now. The Australian dollar was up 0.14 percent at $0.7253 but still near 6-1/2-month lows
UEFA president Aleksander Ceferin on Tuesday warned Croatia it risked drastic sanctions for hooliganism which he labelled a key problem. "Unfortunately, Croatian football is not known only by excellent players but also by certain problems that need to be
Sri Lanka's top order batsmen all found form before their three-day match against a South African Invitation XI ended in a draw at Senwes Park in Potchefstroom on Tuesday. Kusal Perera, Upul Tharanga and Dinesh Chandimal all hit half-centuries before play
Descon has lifted the Lahore Corporate T20 Cricket Cup after outplaying Meezan Bank in final played here, on Sunday. After winning the toss, Descon Captain Faheem Butt opted to bowl first. In allotted 20 overs, Meezan Bank could score 155 runs with Rizwan
Barcelona president Josep Maria Bartomeu indicated the Spanish champions are prepared to make Lionel Messi the world's highest-paid player to keep the Argentine superstar at the club. "Leo Messi is the best (player) in the history of football and we want
Real Madrid can buy new players in next summer's transfer window after sport's highest court on Tuesday halved their initial two-window ban imposed by FIFA. The European champions had been sanctioned by world football's ruling body for irregularities in t
Australia called up uncapped, Zimbabwe-born all-rounder Hilton Cartwright on Tuesday as cover for their fast bowlers after the gruelling first Test win over Pakistan. Cartwright, 24, joins the squad for next week's second Test in Melbourne as Mitchell Sta
A Spanish court on Tuesday ratified a deal that leaves Barcelona with a 5.5-million-euro ($6.2 million) fine but avoiding trial on tax evasion charges over Neymar's contested 2013 transfer. The agreement, reached in July, lifts any threat of Barca preside
Two-time Wimbledon champion Petra Kvitova was injured after an attack by a knife-wielding burglar at her home in the eastern Czech town of Prostejov, her spokesman said on Tuesday. "Petra Kvitova was attacked in her flat this morning, it was a random crim
Bangladesh on Tuesday included three newcomers to the one-day international team in their squad for the first ODI against New Zealand on December 26. Leg-spinning all-rounder Tanveer Haider joined paceman Subashis Roy and off-spinner Mehedi Hasan in the 1
French authorities have opened a preliminary inquiry into tax fraud and money laundering in the wake of the 'Football Leaks' revelations, the national financial prosecutor's office announced Tuesday. "Football Leaks" is the investigation led by 12 Europea
Pakhtunkhwa Athletic Association Tuesday organised to short-list players under the Pakistan Athletic Federation for Fastest Kids, Boys and Men here at Qayyum Sports Complex on Tuesday. Former International athletes Iqbal Shinwari, Muhammad Shah, Muhammad
England international midfielder Jonjo Shelvey has been banned for five games after he was found guilty of using racially abusive language by an independent panel on Tuesday. The 24-year-old - who won the last of his six caps in 2015 - was also fined £100
Dollar East and ZTBL started their Pakistan Polo Cup 2016 campaigns on a winning note as they registered contrastive victories in their respective matches played here at the Lahore Polo Club (LPC) ground on Tuesday. In the inaugural match of the day, two
Ravindra Jadeja's career-best 7-28 spun India to a big win in the fifth Test on Tuesday as England dramatically collapsed, slumping to a 4-0 series loss that raised questions over Alastair Cook's captaincy. England slipped from 192-4 to 217 all out in the
International Monetary Fund chief Christine Lagarde escaped punishment and kept her job on Monday despite a conviction on negligence charges over a state payout made while she served as France's finance minister in 2008. The executive board representing t
Gunmen have abducted a Spanish employee of the Red Cross in northern Afghanistan, officials said Tuesday, the latest in a series of kidnappings of foreigners in the conflict-torn country. The abduction occurred on Monday when workers of the international
Queen Elizabeth II will stand down as patron of 25 bodies including the Wimbledon tennis championships and the Rugby Football Union, handing them to other royals after turning 90, her office said Tuesday. "At the end of The Queen's 90th birthday year, Her
China has offered the Philippines guns and equipment worth $14 million to wage its war on drugs and combat terrorism, Manila's defence minister said Tuesday, as ties improve under President Rodrigo Duterte. Beijing has publicly backed the controversial ca
Security was beefed up at Christmas markets across Europe after a lorry ploughed through a market in Berlin killing 12 people and heightening security fears at the onset of the holiday season. The carnage in the German capital had particular resonance in
A new armed group created to defend a beleaguered ethnic minority in Central African Republic has killed at least 50 people since late 2015, Human Rights Watch said Tuesday. The group, which calls itself Return, Reclamation, Rehabilitation or 3R, "has kil
Gunfire erupted in major DR Congo cities and the UN voiced alarm over a wave of arrests, as protesters demanded President Joseph Kabila step down after his mandate expired Tuesday. With fears of violence high in the vast and unstable nation, shots rang ou
Sri Lanka said Tuesday it was investigating a former navy sailor convicted of attempting to assassinate India's Rajiv Gandhi nearly three decades ago on suspicion of involvement in an alleged plot to kill its president. Vijithamuni Rohana de Silva served
Japan's Supreme Court ruled Tuesday in favour of the central government in its bid to relocate a US airbase on Okinawa, dealing a significant blow to the plan's opponents led by the island's governor. The Japanese and US governments want the base in the m
Gunmen killed four Jordanian policemen in a new shootout Tuesday in Karak, where a weekend attack claimed by the Islamic State group left 10 people dead, a security source said. Security forces came under fire after launching a raid to track down suspects
Russia, Iran and Turkey agreed on Tuesday to guarantee Syria peace talks and backed expanding a cease-fire in the war-torn country, laying down their claim as the main powerbrokers in the conflict. "Iran, Russia and Turkey are ready to assist in preparing
The National Assembly's Standing Committee on Finance has asked the Competition Commission of Pakistan (CCP) to suggest amendments in the Competition Act, 2010 with the objective to strengthen competition in all spheres of economic activity and protect co