Several European Central Bank governors were against any extension of the institution''s mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Decem
Several European Central Bank governors were against any extension of the institution's mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Decemb
Several European Central Bank governors were against any extension of the institution's mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Decemb
The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Rs 404 billion cost of Neelum-Jhelum Hydropower Project is expected to increase further on account of price adjustment, exchange loss and interest. Sources said that a proposal wa
The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Rs 404 billion cost of Neelum-Jhelum Hydropower Project is expected to increase further on account of price adjustment, exchange loss and interest. Sources said that a proposal wa
The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Rs 404 billion cost of Neelum-Jhelum Hydropower Project is expected to increase further on account of price adjustment, exchange loss and interest. Sources said that a proposal wa
President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist". The lira has plunged to record lows
President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist". The lira has plunged to record lows
President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist". The lira has plunged to record lows
Ministry of Water and Power has withdrawn its summary from the Economic Co-ordination Committee (ECC) of the Cabinet on privatisation of imported RLNG- fired power projects being established in Punjab in public sector, well -informed sources told Busin
Ministry of Water and Power has withdrawn its summary from the Economic Co-ordination Committee (ECC) of the Cabinet on privatisation of imported RLNG- fired power projects being established in Punjab in public sector, well -informed sources told Busin
Ministry of Water and Power has withdrawn its summary from the Economic Co-ordination Committee (ECC) of the Cabinet on privatisation of imported RLNG- fired power projects being established in Punjab in public sector, well -informed sources told Busin
A five-member bench of Supreme Court hearing the Panamagate case, quizzed the Prime Minister's counsel about a money trail in relation to the London flats and asked to prove there were no inconsistencies in the PM's speech in the National Assembly and his
A five-member bench of Supreme Court hearing the Panamagate case, quizzed the Prime Minister's counsel about a money trail in relation to the London flats and asked to prove there were no inconsistencies in the PM's speech in the National Assembly and his
Officers of Pakistan Army have complained to Chief of the Army Staff (COAS), General Qamar Javed Bajwa over the statement of Law Minister of Punjab, Rana Sanaullah and questioned him about the Dawn Leaks on Thursday. Inter-Services Public Relations (ISPR)
Officers of Pakistan Army have complained to Chief of the Army Staff (COAS), General Qamar Javed Bajwa over the statement of Law Minister of Punjab, Rana Sanaullah and questioned him about the Dawn Leaks on Thursday. Inter-Services Public Relations (ISPR)
Prime Minister Nawaz Sharif on Thursday welcomed the proposal to start a ferry service between Karachi, Gwadar and Oman's capital Muscat. "This initiative will start a new chapter of friendship between both countries," the Prime Minister said in a meetin
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 12, 2017).
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 Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,104. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.87 billion and the number of lots traded was 18,862. Major business was contributed by
The Karachi Port handled 79,911 tonnes of cargo comprising 57,282 tonnes of import cargo and 22,629 tonnes of export cargo including 5,242 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 57,
Renewed buying by spinners helped the volume of business to improve on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 6350, dealers said. In Sindh, seed cotton prices were higher by Rs 200 to Rs 3000-3300, they sai
US wheat futures closed mostly lower on Tuesday, with traders saying the market felt toppy after hitting multi-month highs in recent days. Positioning was noted ahead of closely watched US Agriculture Department supply and demand reports set for release o
Last Tuesday the Prime Minister Nawaz Sharif announced a Rs 180 billion package of incentives for the sagging export sector which is expected to give a large boost to the country's competitiveness and revival by pushing up the output and exports, includin
Last Tuesday the Prime Minister Nawaz Sharif announced a Rs 180 billion package of incentives for the sagging export sector which is expected to give a large boost to the country's competitiveness and revival by pushing up the output and exports, includin
China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said. Both demands are seen as a
Shareholders at Italian bank UniCredit, which is undergoing a major strategic review, on Thursday voted in favour of plans to raise billions of euros to strengthen the struggling lender's capital base. The move comes after a nightmare year for Italy's ban
Shareholders at Italian bank UniCredit, which is undergoing a major strategic review, on Thursday voted in favour of plans to raise billions of euros to strengthen the struggling lender's capital base. The move comes after a nightmare year for Italy's ban
Canadian home prices continued to rise in the final months of 2016 as hot markets in Ontario offset the moderating effects of a foreign buyers tax in Vancouver, though most markets were past their peak, separate reports showed on Thursday. Prices of exist
India's retail inflation hit a two-year low in December as businesses resorted to price discounting to boost flagging sales following the government's cash crackdown, fuelling hopes of an interest rate cut by the central bank. Consumer prices rose by an a
The European Commission on Wednesday proposed restoring tariff concessions for imports from Sri Lanka after scrapping them for seven years, as the new government pledged to improve human rights. The executive body of the 28-member European Union said it p
The European Commission on Wednesday proposed restoring tariff concessions for imports from Sri Lanka after scrapping them for seven years, as the new government pledged to improve human rights. The executive body of the 28-member European Union said it p
US auto giant Ford Motor Company said Thursday it was expanding its safety recall of some defective airbag inflators from Japanese parts maker Takata. The action extends the recall to about 816,000 Ford, Lincoln and Mercury brand vehicles built in North A
Industrial production in Denmark rose to a record high in November, climbing above pre-financial crisis levels for the first time and adding to evidence of relatively robust economic growth. The numbers, released on Wednesday, followed a major revision of
An Airbus A321 airliner landed in Tehran on Thursday, the first to arrive out of the 200 Western-built aircraft ordered by IranAir following the lifting of sanctions on Iran last year. "This is a historic moment for Iran, signalling the end of the sanctio
Alitalia needs "drastic and courageous" action, its chairman said Thursday after a government minister blamed poor management for a looming crisis at the carrier, which is 49 percent owned by Etihad Airways. Reports that the country's flagship airline is
India's salt-to-steel conglomerate Tata Sons Thursday appointed Natarajan Chandrasekaran, the chief of its IT services unit, as the new chairman of its board, the company said in a statement. Chandrasekaran, who currently heads software giant Tata Consult
Sri Lanka on Thursday announced higher returns and residence visas, with immediate effect, for foreigners who invest funds of at least $300,000, in a move to ease pressure on the island nation's rupee currency. The rupee fell around 4 percent last year ag
Industries across the eurozone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some ECB policymakers expect. Euro zo
Saudi low-cost carrier flynas has concluded an $8.6 billion purchase deal with Airbus, a major shareholder said on Thursday. Kingdom Holding Co, which owns a 34 percent stake in the airline, said flynas has finalised the "deal with Airbus for the purchase
World food prices fell for a fifth straight year in 2016 as losses in cereals, meat and dairy outweighed rises in sugar and vegetable oils, the United Nations food agency said on Thursday. Prices remained stable in December from the month before, accordin
The number of Americans filing for unemployment benefits rose less than expected last week, pointing to a tightening labour market that is starting to spur faster wage growth. Other data on Thursday showed import prices posting their largest gain in nearl
Saudi Arabia's stock market edged higher in volatile trade on Thursday but suffered its worst weekly decline since September, while Egypt extended its bull run as international funds accumulated shares. The Saudi index closed 0.4 percent higher at 6,922 p
Taiwan stocks rose nearly 1 percent on Thursday to their highest in more than 18 months, tracking gains in overseas markets in a relief rally after US President-elect Donald Trump's widely-awaited news briefing yielded little clarity on his future fiscal
Tokyo stocks closed down Thursday as drugmakers were hit by US President-elect Donald Trump's warning that the US pharmaceutical sector was "getting away with murder" in overcharging and sending production capacity overseas. Japan's top drugmaker Takeda P
The S&P 500 and the Dow were set for their worst day since October as the lack of details on economic policy in Donald Trump's speech took the wind out of a record-setting post-election rally. The losses were broad-based. All of the 11 major S&P 500 secto
Nasdaq lost ground in choppy trading on Wednesday as investors fled drug stocks after President-elect Donald Trump said pharmaceutical companies were "getting away with murder" by charging high drug prices. Trump said he has also discussed making it easie
Hong Kong stocks fell, bucking a regional rally, as investors took a breather after five days of gains in the city. The benchmark Hang Seng index was down 0.5 percent, at 22,829.02 points, while the Hong Kong China Enterprises Index lost 0.1 percent, to 9
US Treasury debt yields fell on Wednesday with benchmark yields briefly touching the lowest in a month following stellar demand at a 10-year note sale, while President-elect Donald Trump's remarks spurred safe-haven demand for bonds. Trump's first news co
US Treasury debt yields fell on Wednesday with benchmark yields briefly touching the lowest in a month following stellar demand at a 10-year note sale, while President-elect Donald Trump's remarks spurred safe-haven demand for bonds. Trump's first news co
Materials, energy and financials lifted Australian shares on Thursday after a weakened US dollar drove up oil prices by the most in more than a month. The S&P/ASX 200 index gained 0.3 percent or 20 points to 5,791 by 0115 GMT. The benchmark closed 0.2 per
German bond yields moved further away from three-week highs on Thursday as US President-elect Donald Trump's long-awaited news conference offered little clarity on his fiscal plans, denting "reflation" bets that have dominated markets recently. Borrowing
German bond yields moved further away from three-week highs on Thursday as US President-elect Donald Trump's long-awaited news conference offered little clarity on his fiscal plans, denting "reflation" bets that have dominated markets recently. Borrowing
Indian shares ended higher to post a third straight session of gains on Thursday as IT firms such as Infosys gained ahead of earnings, and on hopes US President-elect Donald Trump may not proceed with stringent visa rules. The broader NSE index closed up
China's main indexes slid for the third session as investors remained cautious ahead of the Lunar New Year holidays and as small-cap companies settled at a fresh 10-month low. The bluechip CSI300 index fell 0.5 percent to 3,317.62 points, while the Shangh
Canada's main stock index rose on Wednesday as heavyweight financial stocks rose ahead of the start of US earnings season and investors weighed comments by US President-elect Donald Trump. Some of the most influential movers on the index were the country'