Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 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 3,010. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.125 billion and the number of lots traded was 7,775. Major business was contributed by gold am
Chicago Board of Trade wheat futures closed lower on Tuesday, retreating from early advances on technical selling and disappointing weekly export data, traders said. CBOT December wheat settled down 3/4 cent at $4.35-1/4 per bushel.
The Karachi Port handled 192,649 tonnes of cargo comprising 147,699 tonnes of import cargo and 44,950 tonnes of export cargo including 6,433 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Prices showed further gain on the cotton market on Thursday in the process of brisk activity, dealers said. The official spot rate extended overnight gains, rising Rs 50 to Rs 6150, they said. In the ready session, around 45,000 bales of cotton changed ha
Regular and steady buying by the domestic mills has resulted in increase in cotton prices this week. Lint prices are reported to have increased by Rs 150 to Rs 200 per maund (37.32 Kgs), particularly for the higher grades in the ready market.
Regular and steady buying by the domestic mills has resulted in increase in cotton prices this week. Lint prices are reported to have increased by Rs 150 to Rs 200 per maund (37.32 Kgs), particularly for the higher grades in the ready market.
Media company Singapore Press Holdings (SPH) said Wednesday it would cut 230 jobs by the end of the year as it accelerated a plan to lay off staff. Like other media organisations worldwide, SPH's core newspaper business has been hammered by the proliferat
Delta Air Lines won't pay more for Bombardier planes mired in a US-Canada trade dispute, but the controversy could delay delivery of the jets, the airliner's chief said Wednesday. "We will not pay those tariffs," said Delta chief executive Ed Bastian, who
A soft stance on corruption, policy flip flops and rising government spending have pushed South Africa to the bottom of investment giant Franklin Templeton's list of emerging economies set to reap the rewards of investment in frontier markets. All three m
Canadian home resale prices in September staged their biggest fall in seven years, while new home prices were flat in August in the once red-hot markets of Toronto and Vancouver, adding to evidence that the country's housing boom continued to cool, data s
The European Central Bank earned 7.8 billion euros ($9.2 billion) of interest in 2012-16 on Greek debt it bought to shore up the fragile nation, a figure promising renewed tensions with eurozone partners. Some of the funds are still in limbo, despite the
Indian telecom giant Bharti Airtel is to acquire rival Tata Teleservices's struggling mobile business, the companies said Thursday, the latest move towards consolidation in the country's hyper-competitive phone market. In a joint statement the pair said B
US producer prices rose in September as the price of gasoline recorded its biggest gain in more than two years amid hurricane-related production disruptions at oil refineries in Texas. Other data on Thursday showed applications for unemployment benefits d
Bitcoin surged through the $5,000 level on Thursday for the first time since the launch of the unregulated virtual currency more than 8 years ago. The cryptocurrency struck a new record high of $5,183.97 around 0820 GMT according to financial data provide
Russia on Thursday presented a new bank note that shows images of Crimea, the Ukrainian peninsula annexed by Moscow in 2014. The note worth 200 rubles ($3.50) shows a naval memorial in the city of Sevastopol, where Russia's Black Sea fleet is based, and U
Shareholders at European pay-TV giant Sky voted in favour of re-electing James Murdoch as chairman on Thursday, despite concerns about his impartiality in the face of its possible takeover by his father Rupert Murdoch's 21st Century Fox. More than 78 perc
French President Emmanuel Macron launched round two of his ambitious domestic reform programme on Thursday, welcoming business leaders and trade unionists for talks about a highly sensitive overhaul of unemployment benefits. Fresh from pushing through maj
J.P Morgan Chase and Citigroup reported slightly higher profits Thursday due to increased lending and higher interest rates, opening third-quarter reporting season on a solid note. But revenues in some key markets divisions were again weak due to limited
J.P Morgan Chase and Citigroup reported slightly higher profits Thursday due to increased lending and higher interest rates, opening third-quarter reporting season on a solid note. But revenues in some key markets divisions were again weak due to limited
Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is strong and be ready for possible shocks in the future. World Bank President Jim Yong Kim and International Monetary Fund Managing Director C
Saudi Arabia's stock market rebounded on Thursday as insurance stocks regained some strength, while Qatar's biggest bank edged up after it reported solid earnings. The main Saudi index, which had sunk 2.2 percent on Wednesday, rose 1.4 percent to 6,988 po
Tokyo stocks ended at fresh two-decade highs Thursday after new records on Wall Street and as surveys point to a victory for the ruling party in Japan's elections, while scandal-hit Kobe Steel recovered moderately after two days of heavy selling. The Nikk
A rally on Wall Street paused on Thursday following lackluster quarterly earnings from J.P Morgan and Citigroup and as media stocks dropped for the second straight day. The two banks managed to beat profit and revenue estimates despite reporting a drop in
Major stock indexes edged up to post record closing highs on Wednesday with sector moves in the S&P 500 showing preference toward so-called defensive stocks. While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting
Hong Kong stocks ended higher on Thursday, tracking the global rally in equities and led higher by financial firms, which tracked gains in mainland peers and helped mitigate losses in energy shares. The Hang Seng index rose 0.2 percent, to 28,459.03 point
US Treasury prices were little changed on Wednesday after minutes from the Federal Reserve's September meeting were in line with expectations and after the Treasury Department saw solid demand for three-year and 10-year note supply. Fed policymakers had a
US Treasury prices were little changed on Wednesday after minutes from the Federal Reserve's September meeting were in line with expectations and after the Treasury Department saw solid demand for three-year and 10-year note supply. Fed policymakers had a
Broad-based gains led by financials helped Australian shares end at an eight-week high on Thursday, offsetting losses in mining stocks as iron ore prices sagged. Australia's benchmark S&P/ASX 200 index rose 0.4 percent, or 22.355 points, to close at 5,794
China's major indexes were mixed on Thursday, as gains in financial stocks offset losses in resources firms after Beijing vowed to curb pollution throughout winter. The blue-chip CSI300 index rose 0.3 percent, to 3,912.95 points, while the Shanghai Compos
Germany's stocks benchmark index DAX rose above 13,000 points for the first time in its 30-year history on Thursday, as relatively attractive valuations and optimism about global economic growth continued to lure investors. The export-oriented index, the
Indian shares extended gains on Thursday with the NSE index clocking its biggest percentage gain since May 25 as excitement builds up ahead of some key quarterly results including that from Tata Consultancy Services. The broader NSE index ended up 1.12 pe
Most Southeast Asian stock markets rose on Thursday, in line with Asia, after the US Federal Reserve showed a guarded view towards inflation. Fed policymakers had a prolonged debate about the prospects of a pickup in inflation and the path of future inter
Britain's top share index enjoyed a record close on Thursday, boosted by a fresh fall in Brexit bellwether sterling after the European Union's chief negotiator Michel Barnier said talks are in deadlock. Britain's FTSE 100 ended the day up 0.3 percent, at
The dollar hit a two-week low versus a basket of currencies on Thursday after minutes from the US Federal Reserve's latest meeting suggested some central bankers are still concerned about persistently low inflation. The dollar index, which measures the gr
The dollar struggled near a two-week low on Thursday as minutes of the last US Federal Reserve meeting raised expectations that future interest rate increases would be limited after policymakers revealed a more cautious outlook towards inflation.
The dollar rose on Thursday after a report showing a rise in US producer prices in September helped shake off some weakness caused by Wednesday's release of US Federal Reserve meeting minutes that highlighted policymakers' more cautious outlook toward inf
The dollar fell on Wednesday to a two-week low against a basket of currencies, as the US Federal Reserve's latest minutes hinted policy-makers are open to an interest rate increase in December despite concerns about weak inflation. Several Fed officials e
The Sri Lankan rupee ended weaker for the fourth consecutive session on Thursday as banks bought dollars on behalf of state-run Ceylon Petroleum Corp, which stocked up crude ahead of an expected fuel price hike, dealers said. The spot rupee ended at 153.7
Asian currencies were most higher on Thursday as uncertainty over the US inflation outlook weighed on the dollar. Minutes of the US central bank's latest policy meeting shed light on growing concerns over the persistently low inflation in the US economy a
Britain's pound steadied on Wednesday, holding just above a one-month low hit as investors grew concerned on whether entrenched expectations of higher UK interest rates were reasonable given a backdrop of uncertain Brexit negotiations. Noises around Brexi
The Australian and New Zealand dollars rose on Thursday as the greenback stumbled to two-week lows after minutes of the US Federal Reserve meeting showed many officials expressed concerns that soft inflation might not be transitory. The worries about stub
Ben Stokes is waiting until "the time is right" before explaining the violent incident that cost him his place in England's Ashes squad, his agent said on Thursday. The talismanic all-rounder, 26, was arrested on suspicion of actual bodily harm after an a
Test great Steve Waugh says England can't win the Ashes without Ben Stokes and the bad boy allrounder would have been dumped immediately if he was Australian. England vice-captain Stokes was arrested last month in Britain on suspicion of causing actual bo
A top ICC official has urged cricket bodies around the world to follow Australia's lead and dramatically raise wages for women's players to stop them dropping out of the sport. Clare Connor, the former England captain who now heads the International Crick
Defending champion Caroline Wozniacki and world number four Elina Svitolina both withdrew from the Hong Kong Open with injuries Thursday, leaving the WTA event devastated after a spate of pre-tournament pullouts and early big name exits. A tearful third s
Indian fast bowler Ashish Nehra Thursday announced his retirement from international cricket and the Indian Premier League on Thursday after an injury-plagued career. Nehra, 38, who is part of India's Twenty20 squad in the ongoing series against Australia
Maria Sharapova surged into the Tianjin Open quarter-finals on Thursday as she pursues her first tournament victory since her return from a doping ban. The Russian former world number one defeated Magda Linette of Poland 7-5, 6-3 and will play Swiss quali
Rafael Nadal and Roger Federer breezed into the quarter-finals of the Shanghai Masters on Thursday and Juan Martin del Potro defeated racquet-smashing Alexander Zverev. World number one Nadal blew away Fabio Fognini in 63 minutes and plays sixth seed Grig
The Chinese FA said Thursday it will bring in foreign referees to officiate selected Super League games starting this weekend and later introduce the use of video replay in response to recent pitch controversies. Swedish referee Jonas Eriksson will overse
Pakistan are counting on a change in format and players to overcome a resurgent Sri Lanka in the five-match one-day series starting in Dubai from Friday. Pakistan were upset 2-0 in the preceding Test series but they are hoping to change their fortunes and
Britain and the EU are stuck in a "disturbing" deadlock over the Brexit divorce bill, though a breakthrough remains possible in the next two months, EU negotiator Michel Barnier said Thursday. The stalemate will stoke fears swirling in London and Brussels
Spain celebrated its national day Thursday with a show of unity in the face of Catalan independence efforts, a day after the central government gave the region's separatist leader a deadline to abandon his secession bid. But events were overshadowed when
Kenya's government on Thursday banned protests in main city centres, citing lawlessness during opposition rallies against the electoral commission ahead of a scheduled presidential poll re-run. The move comes as opposition leader Raila Odinga called for d
Bangladesh has banned three Islamic charities from working with Rohingya refugees, a lawmaker said Thursday, amid concerns displaced Muslims in camps along its border could be radicalized. Mahjabeen Khaled, an MP from the ruling Awami League, said the int
Russia's defence ministry on Thursday accused the US of adding troops in Poland in violation of an agreement between Moscow and Nato, a charge the military alliance denied. A set of US troops were sent to replace another group of soldiers in Poland but th
At least 37 people have died and another 40 are missing as floods and landslides ravage north and central Vietnam, destroying homes and leaving rescuers scrambling to find survivors, disaster officials said Thursday. Tens of thousands were evacuated after
Moscow has lodged a protest with Washington over the removal of Russian flags from two of its closed diplomatic missions in the United States, the foreign ministry said Thursday. "Yesterday we learned about a new hostile act of the US authorities against
US President Donald Trump "lit the fuse of war" against North Korea with his provocative comments to the United Nations last month, North Korea's foreign minister has told the Russian TASS news agency. Trump has engaged in an escalating war of words with
Liberia on Thursday awaited the delayed announcement of the outcome of presidential elections as international observers called for the results to be released promptly to avoid stoking tension. Political parties have expressed concern over polling-day hit
The United Arab Emirates on Thursday announced it had stopped issuing visas to North Korean nationals and downgraded diplomatic relations with Pyongyang, following similar moves by Kuwait and Qatar. The UAE government ended the mission of its non-resident
Rival Palestinian factions Hamas and Fatah signed an agreement Thursday on ending a decade-long split following talks mediated by Egypt in Cairo, with president Mahmud Abbas calling it a "final" accord. Under the agreement, the West Bank-based Palestinian
ICE cotton futures edged lower on Wednesday as the market awaited a closely watched monthly crop supply and demand report, which is expected to reflect damages from the recent hurricanes in the United States. Cotton contracts for December settled down 0.2
Shanghai Futures Exchange copper climbed 1.9 percent to 53,210 yuan ($8,084) a tonne on Thursday after earlier climbing as far as 53,350 yuan. That was near last month's 4-1/2-year high above 53,750 yuan. Shanghai nickel climbed 3 percent. "Nickel has con
Copper prices hit their highest in more than a month on Thursday as optimism over the demand outlook from major consumer China fuelled buying. Solid demand in China has opened the "arbitrage window" for copper imports, traders said. Premiums for copper he