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
Gasoline refining margins in northwest Europe were little changed on Friday, supported by expectations for growing demand from West Africa while exports to the US East Coast were limited. Several cargoes were tentatively booked to take gasoline from Europ
ICE Canadian canola futures mostly eased on Friday, as the main new-crop contract was pressured by a forecast for badly needed rains in parts of the Canadian Prairies. Planting weather in Canadian province of Alberta was favourable in past week, bumping u
Brazil's Cooxup, the country's largest coffee cooperative and biggest exporter, has seen a quick start to the 2017 harvest and does not expect problems stemming from recent rains, its president, Carlos Paulino da Costa, said on Friday. Paulino said associ
Export premiums for corn shipped from the US Gulf Coast were steady to firmer on Friday, with nearby values rising in tandem with higher CIF barge basis values, while soyabean and wheat basis offers were unchanged. CIF Gulf corn basis bids edged higher ev
Spot iron ore prices were headed for a fifth weekly fall in six after swooping to their lowest in almost a year, underlining concerns over rising supply in top buyer China. China's imports of the steelmaking raw material climbed 5.5 percent in May from a
US natural gas futures were little changed on Friday as increasing production and high inventory levels offset forecasts for warmer weather and greater demand for cooling over the next two weeks. Front-month gas futures rose 1.1 cents, or 0.4 percent, to
European wheat futures fell on Friday as new US government crop estimates failed to generate further upward impetus after Paris surged to a four-week high this week. Front-month September milling wheat on the Paris-based Euronext exchange unofficially clo
Slow business activity was witnessed on the cotton market on Monday due to expectations of better than expected cotton production this year, dealers said. The official spot rate was unchanged at Rs 6800, they said. In the ready session, only one deal was
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,919. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.806 billion and the number of lots traded was 22,508. Major business was contributed by gol
Spot basis bids for corn at US Midwest river elevators were steady to up as much as 7 cents per bushel on Friday, fuelled by tepid farmer sales, said grain merchants. Corn movement slowed after farmers focused on finishing planting crops. US government da
Chicago Board of Trade wheat futures closed lower on Friday on profit-taking but still posted a weekly advance of nearly 4 percent tied to stressful weather in the northern US Plains spring wheat belt, traders said. CBOT July wheat settled down 3-1/2 cent
Chicago Board of Trade July soyabean futures rose on Friday for a sixth straight session, settling up 3-1/2 cents at $9.41-1/2 per bushel on technical buying and concerns about stressful hot weather in the US Midwest, analysts said. Soyabean futures follo
The Karachi Port handled 362,273 tonnes of cargo comprising 291,923 tonnes of import cargo and 70,350 tonnes of export cargo including 9,188 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 291
Chicago Board of Trade (CBOT) corn futures closed higher on Friday on short-covering ahead of the weekend and forecasts for hot weather in the US Midwest, analysts said. The benchmark CBOT July corn futures contract settled up 2 cents at $3.87-3/4 per bus
Britain's descent into political crisis just days before Brexit talks begin has sapped confidence among business leaders and infuriated bosses who were already grappling with the fallout from the vote to leave the EU. The failure by Prime Minister Theresa
Japan's core machinery orders fell more than expected in April, casting doubt on the strength of companies' capital spending and adding to concerns about the country's fragile economic recovery. The 3.1 percent fall in the core orders from a month earlier
German Chancellor Angela Merkel hosts African leaders Monday for a G20 conference aimed at fighting the grinding poverty driving the mass migrant influx to Europe. The idea is to team up African nations willing to reform with the world's biggest economies
German discount grocery store giant Aldi unveiled a major US expansion plan on Monday, aiming to make it the third-largest US grocery chain in five years. The planned $3.4 billion expansion will add nearly 900 additional stores and 25,000 new jobs, the co
General Electric on Monday announced the departure of longtime chief executive Jeff Immelt, whose moves to refocus the American conglomerate on its industrial roots had drawn mixed reviews on Wall Street. Immelt, 61, who has served in the role since 2001,
The chief executive of German carmaker Opel stepped down Monday, the firm said, but will remain on the board until the group's takeover by France's Peugeot is completed. Finance chief Michael Lohscheller will take over from Karl-Thomas Neumann as "spokesm
India's retail inflation eased to the lowest level in at least five years in May on cooling food prices, bolstering hopes for an interest rate cut by the central bank later this year. Consumer prices rose by an annual 2.18 percent last month, compared wit
Turkey's economy grew a stronger-than-expected 5.0 percent in the first quarter of 2017, official data showed on Monday, driven by government stimulus measures and a surge in export growth. The robust data surprised market analysts, whose consensus foreca
Europe, led by France, is set to scupper attempts this week to reach a compromise deal on bank capital rules, arguing that the levels being set to avoid future taxpayer bailouts are too high, people familiar with the talks told Reuters. Banking regulators
Qatar Airways on Monday called on the UN's aviation body to declare a Gulf boycott against the carrier "illegal" and a violation of a 1944 convention on international air transport. Saudi Arabia, the UAE, Bahrain and Egypt this month announced they had su
Qatar's Central Bank said on Monday banking transactions at home and abroad were continuing normally despite the diplomatic crisis which has seen several Gulf countries sever ties with the emirate. In a statement released on the state-run Qatar News Agenc
Qatar's stock market rebounded on Monday from sharp falls last week after the finance minister said the economy was essentially operating as normal despite the region's diplomatic crisis, while property-related shares buoyed the United Arab Emirates.
China stocks fell on Monday as tech plays succumbed to a sell-off in the US and other Asian markets, and as investors worried that tighter credit will drag on corporate profitability and economic growth in coming months. The blue-chip CSI300 index ended l
Tokyo shares fell Monday as technology shares took a hit following similar declines on Wall Street, but news of a panda's birth at a Tokyo zoo sent shares in a nearby restaurant skyrocketing. Market heavyweight SoftBank, which closed at a 17-year high on
The Nasdaq Composite index took a beating for the second trading day as a bout of profit-taking took a toll on the richly-valued technology stocks. Strong quarterly earnings have helped technology stocks fill a void left by financial and industrial stocks
Hong Kong stocks fell the most in nearly two months on Monday, as a slump in tech shares - fanned by the sell-off in their US counterparts - triggered broader profit-taking in what had been one of the world's best-performing equity markets this year. Sent
Southeast Asian markets were range-bound on Monday ahead of a US Federal Reserve policy meeting that could provide cues on the pace of further rate tightening in the months to come. With the Fed widely expected to raise interest rates at its two-day meeti
Prospects of victory for French President Emmanuel Macron's fledgling party and a setback for Italy's populist 5-Star Movement soothed political worries in euro zone debt markets on Monday, sending yields to multi-month lows. Projections from the first ro
Prospects of victory for French President Emmanuel Macron's fledgling party and a setback for Italy's populist 5-Star Movement soothed political worries in euro zone debt markets on Monday, sending yields to multi-month lows. Projections from the first ro
Indian shares fell on Monday as investors booked profits in recent outperformers including lenders ahead of inflation data due later in the day, while sentiment was cautious ahead of the US Federal Reserve policy meeting this week. Inflation in India is e
European stocks were hit on Monday by big falls in Apple suppliers and other tech shares, overshadowing well-received election results in France and Italy. Shares in chipmakers STMicro, Dialog and AMS all fell between 6.7 percent to 9.2 percent following
New Zealand shares eked out minor gains in subdued trade on Monday, bolstered by strength in consumer and utilities sectors, while Australian markets were closed for a public holiday. New Zealand's benchmark S&P/NZX 50 index was 0.16 percent, or 12.08 poi
Sri Lankan shares on Monday ended at their lowest in near two weeks due to profit-booking in banking shares, but foreign inflows helped curb losses. The Colombo stock index ended 0.09 percent weaker at 6,663.15, its lowest close since May 30. Last week, t
British shares fell on Monday as a technology sell-off spread across Europe, while contractor Mitie jumped after forecasting a recovery in its fortunes. Britain's FTSE 100 closed down 0.2 percent, with investors dumping tech and other cyclical stocks, whi
China's yuan steadied in narrow trade against the US dollar on Monday, with the market switching its focus to the US Federal Reserve's policy meeting this week. With the Fed widely anticipated to raise interest rates, investors will be looking for fresh c
Sterling steadied on Monday as British Prime Minister Theresa May scrambled to pick up the pieces and reunite her Conservative Party after a disastrous election that could disrupt Brexit negotiations. Sterling last traded at $1.2756, edging up 0.1 percent
The dollar was steady on Monday with no major US data releases and ahead of Wednesday's Federal Open Market Committee meeting at which the central bank is overwhelmingly expected to increase US interest rates. Britain's pound was back under pressure, down
The dollar dipped on Monday on the run-in to Wednesday's decision on US interest rates, while Britain's pound was back under pressure after a 2-cent fall following elections which threw Europe's second-largest economy into political chaos. There was some
The Sri Lankan rupee ended steady on Monday as inward remittances offset dollar demand from importers, dealers said. Rupee forwards were active, with spot-next forwards closing at 152.85/90 per dollar, unchanged from Friday's close. "There were some inwar
Most Asian currencies traded in tight ranges on Monday, tracking movements in the US dollar ahead of the Federal Reserves' policy meeting this week, where it is widely expected to raise interest rates. A Reuters poll showed that while markets have priced
Sterling sank to a seven-month low against the euro on Monday as investors worried a period of political uncertainty would further weaken an economy slowing sharply before the launch of talks on leaving the European Union next week. The pound slid to its
The New Zealand dollar edged down on Monday, though the currency did not stray far from its near three-month high, while the Australian dollar tread water during a public holiday. The kiwi slipped to $0.721 from Friday's peak of $0.7220 on Friday as the U
Michael Bradley scored a spectacular long-range goal as the United States battled to a 1-1 draw with rivals Mexico in their 2018 World Cup qualifier on Sunday. Mexico's former Arsenal striker Carlos Vela cancelled out Bradley's sixth-minute chip to give t
China's football-mad President Xi Jinping will meet FIFA chief Gianni Infantino in Beijing on Wednesday as the world's most populous nation harbours ambitions of hosting the World Cup. Xi will greet the president of football's world governing body at the
West Indies overcame a mini collapse on their way to a series-levelling four-wicket victory in a low-scoring second one-day international against Afghanistan in St Lucia on Sunday. Afghanistan struggled against the extra pace and bounce of the home seam a
Pakistan Olympic Association awarded 4th Inter-Provincial Games to Khyber Pakhtunkhwa, to be organised from March 25-29, 2018 in Peshawar, Vice President Pakistan Olympic Association Syed Aqil Shah told while addressing a press conference, here on Monday.
Qatar's World Cup preparations continue "as normal" and organisers remain confident that stadium construction deadlines will be met, a source close to the 2022 tournament has told AFP. Despite the country being at the centre of a diplomatic crisis which h
Pakistan took a giant stride towards the semi-finals of the Champions Trophy after Sri Lanka collapsed to 236 all out in the Asian rivals' must-win group match at Cardiff on Monday. Both sides needed a victory to join already qualified title-holders India
England called up uncapped quintet Liam Livingstone, Dawid Malan, Tom Curran, Mason Crane and Craig Overton on Monday for their three-match Twenty20 series against South Africa. The five, who have no international appearances between them in any format, a
The Ministry of Planning, Development and Reform has reviewed the progress of ongoing projects under China-Pakistan Economic Corridor (CPEC). Minister for Planning, Development and Reform Ahsan Iqbal chaired the review meeting of China-Pakistan Economic C
A parliamentary panel has asked the ministry of planning and ministry of finance to recommend and allocate additional funds for the marginalized segments of the society, so that they can be brought at par with rest of the country. The panel requested the
The Judicial Commission of Pakistan (JCP) on Monday recommended three names of additional judges for permanent appointments in the Sindh High Court (SHC) while dropping the name of additional judge, Justice Hamayoon Khan. According to the source of Commis
Each winter, a familiar sight crops up in Islamabad and the nearby bustling city of Rawalpindi: people queuing outside firewood shops, waiting their turn to fill bags or plastic baskets with wood to burn when their household gas supply is disrupted.
Orix Leasing Pakistan Limited was incorporated under the Companies Ordinance on July 1, 1986 as a joint venture between Orix Corporation Japan and a local investor. The company is a non-banking finance company (NBFC) with the license from the SECP to unde
Orix Leasing Pakistan Limited was incorporated under the Companies Ordinance on July 1, 1986 as a joint venture between Orix Corporation Japan and a local investor. The company is a non-banking finance company (NBFC) with the license from the SECP to unde
Trade Development Authority of Pakistan (TDAP) is endeavouring to build an effective liaison with private and public stakeholders through support and assistance to help promote the national trade at the international business markets with the purpose to a
Induction of leading business tycoons into the public sector entities has yielded positive results in addition to playing their instrumental role in stabilizing national economy and hence this policy should continue in best national interest, said Enginee
Three strongest PPP leaders including Ch Aitzaz Ahsan, Nadeem Afzal Chan and Qamar Zaman Kaira are yet on top of the wish list of Pakistan Tehreek-e-Insaf, said sources from among the Pakistan Peoples Party. According to these circles, the whole group of
With a view to make the Punjab Human Organs Transplant Authority (PHOTA) more effective for monitoring human organs transplantation activities, regional offices of the authority are being established in Rawalpindi, Multan and Faisalabad. Punjab Minister f
Lawyers of Jamshed Khan Dasti submitted three bail applications in different courts. Two of them turned down the bail plea while a court called the record of a case on June 14. Local Magistrate Muzaffargarh rejected the bail plea when the prosecutor infor
The Pakistan Industrial and Traders Association Front (PIAF) has expressed its concern over the suggestion of Sui Northern Gas Pipelines Limited (SNGPL) to the Oil and Gas Regulatory Authority (OGRA) to raise gas tariff from July 01, 2017. PIAF Chairman I
A Memorandum of Understanding (MoU) was signed here on Monday between World Wide Fund for Nature, Pakistan (WWF-Pakistan) and Information Technology University (ITU) to create and maintain an effective working relationship between two organisations with t
The Small and Medium Enterprises Development Authority (SMEDA) has planned to set up product development centre for composite-based sports goods in Sialkot with a cost of Rs 487.97 million. Sources in SMEDA told Business Recorder that the project t
The positive growth of 3.4 percent in agriculture sector has increased the sales of tractors, motor cycles and three wheelers during the past eleven months as more disposable funds were available to the farming community mainly due to unprecedented 12.4 p
The Government has not addressed the challenges hurting the exports as no effective measures are proposed in budget 2017-18 for industrial progress, increase in exports, reduction in cost of production and enhancing the competitive edge of Pakistani goods
Two people were killed and 10 others including policemen were injured in firing of armed men and retaliatory action of police here on Monday. Police said that armed men of rival groups opened fire at each other in Bhalwal Katcheri in district Sargodha. On
Wilshire Group of Companies and The School of Business & Economics, University of Management & Technology, Monday signed a memorandum of understanding (MoU) to establish long-term strategic partnership between the two institutions.
Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh on Monday urged young women especially students of colleges and universities' to participate in different driving courses being offered by TEVTA.
Punjab government has decided to install Water ATM machines across the province including Rawalpindi district. People would be provided free of cost purified water through ATM machines. The water ATM machines would be installed in collaboration of Informa
With the purpose of strengthening think tanks exchanges between Pakistan and China, enhancing cooperation on vocational education and enhancing the development of the China-Pakistan Economic Corridor (CPEC), a 9-member Chinese delegation, approved by the
Pakistan and Netherlands on Monday signed a contract for indigenous construction of offshore patrol vessel (OPV) at Karachi Shipyard and Engineering Works (KS&EW) Ltd. The contract was signed by MD KS&EW Rear Admiral Hasan Nasir Shah, DMP Navy Cdre Shafqa
Joint Opposition in Khyber Pakhtunkhwa Monday clashed with Speaker Asad Qaiser for violation of rules and procedures of the house. The opposition was angry over the non-provision of agenda of the house proceedings to the members of the house. The provinci
Pakistan Railways (PR) has decided to hire the services of national/international consultants/consortium of consultants for up-gradation of existing Main Line (ML-1) and establishment of a dry port near Havelian under the China-Pakistan Economic Corridor
Chief Minister Khyber Pakhtunkhwa Pervez Khattak has made clear that progress and beautification of the provincial metropolis was the top priority of his government. There would be no compromise on timely and quality completion of the developmental scheme