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 Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,300. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.606 billion and the number of lots traded was 4,054. Major business was contributed by gold PKR 9
US winter wheat futures declined to a roughly one-week low on Monday, pressured by lackluster export demand and higher temperatures and rainfall in the southern Plains that alleviated some concerns about crop damage, traders said. Traders also were squari
Chicago Board of Trade soyabean futures weakened on Monday, pressured by profit-taking after Friday's three-week high and positioning ahead of government crop reports due later this week, traders said. The US Department of Agriculture was due to release q
Basis bids for corn and soyabeans shipped by barge to the US Gulf Coast were flat to lower on Monday, pressured by a lull in demand and expectations for improved shipping logistics on Midwest rivers, traders said. Warmer temperatures in the Midwest were l
Euronext wheat prices started the week in a slow mode on Monday with a lack of fundamental news to give the market any direction and traders keeping an eye on the potential impact from adverse weather in the United States and Russia. March milling wheat o
The Karachi Port handled 173,565 tonnes of cargo comprising 129,947 tonnes of import cargo and 43,618 tonnes of export cargo including 6,711 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 12
Volume of business improved on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 7,700, they added. In ready session, over 10,000 bales of cotton changed hands between Rs 6400-8000, they said.
Spot basis bids for hard red winter (HRW) wheat in the US Plains on Monday were steady as farmers eyed softer futures prices, grain dealers said. Chicago Board of Trade (CBOT) K.C. HRW wheat slipped as warmer temperatures in US Plains eased concerns about
Palm oil on the European vegetable oils market was stronger on Monday, tracking gains in Malaysian palm oil futures on positioning ahead of Wednesday's MPOB supply/demand and stocks report. Asking prices for palm oil were between unchanged and $10 a tonne
Germany's powerful metalworkers' union launched mass strikes Monday over pay and working hours that could impact a key industry and the shape of labour nationwide. IG Metall are not just asking for a pay rise but also demanding that all workers have the o
Sweden ran a much bigger than expected budget surplus in 2017, the Debt Office said on Tuesday, raising the prospect that its already meagre government bond issuance could be cut further. Falling issuance and a 300 billion crown ($36.45 billion) quantitat
Sweden ran a much bigger than expected budget surplus in 2017, the Debt Office said on Tuesday, raising the prospect that its already meagre government bond issuance could be cut further. Falling issuance and a 300 billion crown ($36.45 billion) quantitat
Taiwan's exports climbed to a record amount in December, boosting confidence solid global technology demand will keep the island economy's growth momentum steady this year. Taiwan's factories are an integral part of the global supply-chain for technology
Japan's real wages, which are adjusted for inflation, posted their first gain in 11 months in November, helped by a rise in year-end bonuses, but economists warn that wages are unlikely to keep up with general price increases, which could hurt consumption
Denmark's Novo Nordisk, the world's leading insulin manufacturer, announced Monday an offer to buy the Belgian biotech firm Ablynx for 2.6 billion euros ($3.1 billion). Novo Nordisk said it made an initial offer in December and then raised it, but that it
Canadian housing starts fell in December, as expected, as a sharp decline in multiple unit urban starts outweighed a rise in single-detached starts, data from the Canada Mortgage and Housing Corporation showed on Tuesday. December's decline bucked a stron
Approvals to build new homes in Australia surged to 15-month highs in November as more apartment towers got the go-ahead, an unexpected return to strength that should drive activity and hiring across the economy. The upbeat news came as the latest survey
The yen jumped on Tuesday after the Bank of Japan trimmed its buying of long-dated Japanese government bonds in market operations, helping to stoke speculation about a future exit from its massive stimulus policy. The yen rose about 0.4 percent to 112.62
The yen reached a five-day high on Tuesday, after the Bank of Japan trimmed its purchases of long-dated government bonds in market operations, stoking speculation the central bank could start to wind down its huge stimulus policy this year. Weakness again
The dollar climbed against a basket of major currencies on Tuesday, recovering further from last week's decline to the lowest in more than three months, which drew bargain hunters. The dollar index, which measures the greenback against six rival currencie
The dollar rose to a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the common currency's recent rally. The dollar index, which measures the greenback against
The Sri Lankan rupee closed marginally firmer on Tuesday, offseting early losses as late dollar conversions by exporters surpassed demand for the US currency from importers and banks, dealers said. The spot rupee ended at 153.75/80, compared with Monday's
The Sudanese pound hit an all-time low against the dollar on the black market Tuesday, brokers said, fuelling concerns of soaring inflation as importers rushed to buy the US currency. On Tuesday, the pound reaching 30 to a dollar on the black market, its
Most emerging Asian currencies made only modest moves on Tuesday, with gains capped as a retreat in the euro helped the US dollar strengthen against most of its counterparts. The greenback rose to a more than one-week high against a basket of other major
Sterling weakened on Tuesday, snapping a three-day rising streak as investors took profits, although expectations that Brexit talks will have a positive outcome continued to underpin the British currency. External factors have also proved supportive for t
The Australian dollar got a lift from upbeat domestic data on Tuesday, while its New Zealand cousin hit a fresh three-month top as the US dollar ran into a sudden bout of Asian selling. The Aussie dollar gained 0.22 percent to $0.7857, but again shied awa
Gulf stock markets were mostly sluggish on Tuesday as Qatar slowed after surging for two days, but Egypt's bourse rose after authorities announced a date for presidential elections. The Qatari stock index closed 0.3 percent higher, well off early lows, as
Indian shares edged higher to a record close for a third consecutive session on Tuesday, helped by gains in energy shares such as Reliance Industries Ltd and Coal India Ltd. Investor sentiment got a boost after India posted an 18.2 percent growth year on
Wall Street's major indexes inched higher on Tuesday as financial, healthcare and industrial stocks extended the new year rally powered by expectations of strong quarterly earnings. Stocks continued their winning streak in 2018 as investors remained hopef
The S&P 500 extended its winning streak for 2018 on Monday although its advance slowed to a crawl as the healthcare and financial sectors weighed and investors awaited the start of the quarterly earnings season. The healthcare sector was the S&P's worst p
Hong Kong stocks rose for the 11th straight session to a fresh 10-year high on Tuesday, aided by inbound money flows from China and strength in index heavyweight Tencent Holdings. At close of trade, the Hang Seng index was up 111.88 points or 0.36 percent
US bond yields were little changed on Monday after a boost from stronger German government debt and a Federal Reserve official's remarks that the US central bank may only raise rates two times this year. "Overall it has been an extremely quiet session. Th
US bond yields were little changed on Monday after a boost from stronger German government debt and a Federal Reserve official's remarks that the US central bank may only raise rates two times this year. "Overall it has been an extremely quiet session. Th
China stocks extended a rally to an eighth straight day, with major indexes ending at their six-week highs, helped by gains from consumer and healthcare firms. At the close, the Shanghai Composite index was up 5.35 points or 0.16 percent at 3,414.83.
Tokyo's benchmark Nikkei index closed on Tuesday at its highest level since November 1991, with traders buoyed by an apparent easing of tensions on the Korean peninsula. The bellwether index added 0.57 percent, or 135.46 points, to end at 23,849.99 while
European shares rose for a fourth straight session on Tuesday, lifted by strength among cyclical stocks and optimism about further growth in company earnings. Expectations of possible dealmaking in the auto industry and a weaker euro also helped, pushing
Australian shares hit another 10-year closing high on Tuesday, driven up as solid prices for some commodities boosted mining stocks in the wake of China's latest steps to curb local steel production. The Australian benchmark S&P/ASX 200 index inched up 0.
Philippine shares jumped the most in a year on Tuesday, hitting a record high on foreign buying, while Vietnam climbed for a second straight session to a fresh ten-year high. Asian shares ex-Japan were nearly flat in afternoon trade, after paring gains an
The UK's top share index climbed to a new record closing level on Tuesday as Morrisons led a buoyant retail sector on the back of a well-received Christmas trading update. Britain's blue chip FTSE 100 index ended up 0.45 percent at 7,731 points.
A Chinese court has jailed two people for life for their roles in a 15.6 billion yuan ($2.4 billion) pyramid scheme which swindled some 200,000 investors, state media said Tuesday. A court in the eastern city of Hangzhou on Monday convicted Huang Dingfang
Inflation-squeezed British shoppers cut back on almost everything other than food in the last three months of 2017, leading to the biggest fall in non-grocery spending since 2009, industry figures showed on Tuesday. British inflation rose to its highest i
Algeria has banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut spending following a drop in earnings from oil and gas, a trade ministry document showed on Tuesday. The temporary ban, which took eff
US job openings fell for a second straight month in November, with declines in the manufacturing and real estate sectors, supporting economist forecasts that job growth will slow in 2018. The monthly Job Openings and Labour Turnover Survey, or JOLTS, rele
Microsoft Corp said on Tuesday the patches released to guard against Meltdown and Spectre security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance. Th
A deal between Chinese smartphone maker Huawei and AT&T to sell smartphones in the United States has fallen apart, US business media reported Tuesday. The partnership allowing Huawei to sell its Mate 10 phone through AT&T was expected to be unveiled durin
Europe's economic recovery is deepening, data showed on Tuesday, with eurozone unemployment falling to its lowest level since January 2009. The EU's official statistics agency said that the jobless rate in the single currency area fell to 8.7 percent in N
Hyundai unveiled Monday a hydrogen fuel-cell powered vehicle aimed at showcasing its newest technologies, bucking the all-electric trend of most rival automakers. The South Korean manufacturer used the 201 Consumer Electronics Show to debut its Nexo, a sp
Industrial production and exports from Germany rose more than expected in November, prompting the government to raise its estimate of growth for 2017 and signalling that its expansion would carry on this year. Industrial output jumped 3.4 percent for the
North Korea will send its athletes to the Winter Olympics in the South, the rivals said Tuesday after their first formal talks in more than two years following high tensions over Pyongyang's nuclear weapons programme. The two sides also decided to hold mi
World number one Rafael Nadal lost his first match of the year 6-4, 7-5 to Richard Gasquet at the Kooyong Classic on Tuesday, but said he was happy after his troublesome knee held up "fine". Nadal's knee injury hampered the end of his 2017 season and forc
Sri Lanka on Tuesday announced Angelo Mathews would return as skipper for limited-overs cricket ahead of the 2019 World Cup, just six months after the allrounder stepped down from the post. The move comes as a surprise after Mathews, 30, quit last July as
Sri Lanka Cricket said Tuesday the sport's global governing body had found no evidence of wrongdoing following allegations of match-fixing and other forms of corruption. The board said the International Cricket Council had failed to uncover evidence of gr
Real Madrid may have ended the year badly, but Zinedine Zidane has been named French coach of 2017 for leading the club to a Liga and Champions League double. "I want to show that I can also be a good coach in tough circumstances," Zidane said in an artic
Master Paints/EFU Insurance edged past Diamond Paints by 6-4 in the Royal Marketing Pakistan Polo Cup 2018 match played here at the Lahore Polo Club (LPC) ground on Tuesday. It was a show of Taimur Mawaz Khan and Hamza Mawaz Khan, father and son, who both
India on Tuesday suspended former international all-rounder Yusuf Pathan for five months for taking a banned stimulant. The ban on the 35-year-old, who last represented India in 2012, was backdated so that it ends on January 14.
Real Madrid midfielder Luka Modric, accused of tax fraud, has paid Spanish fiscal authorities close to one million euros, a judicial source said Tuesday. Prosecutors believe the Croatian evaded 870,728 euros ($1.04 million) on revenue from his image right
Ricky Ponting will be an assistant coach during Australia's Twenty20 international series against England and New Zealand next month, Cricket Australia said on Tuesday. The former Australia captain will work under head coach Darren Lehmann, while Troy Coo
Mohammad Mudassir scored a brilliant hat-trick in Leisure Leagues Karachi Youth Initiative to lead his team Light of Baloch to a convincing 3-0 victory against Moosa Lashari FC at Lyari's Gabol Park Football Ground on Sunday. Earlier in the day, in the fi
Japan's anti-doping body has banned a top canoeist for eight years after he spiked a rival's drink with a banned substance to boost his own chances of selection for the Tokyo 2020 Olympics. The Japan Anti-Doping Agency slapped sprint canoeist Yasuhiro Suz
The Pakistan Water and Power Development Authority (Wapda) succeeded in retaining their double crowns in the 55th National Badminton Championship, as both Men's and Women's teams of Wapda outclassed their opponents in the finals. In the men's finals, Wapd
Martin Guptill was at his belligerent best as New Zealand thrashed Pakistan by eight wickets in Nelson on Tuesday, although captain Kane Williamson admitted a rain delayy had done the hosts a favour The second one-day international was evenly poised when
A French kosher grocery store was gutted in a suspected arson attack Tuesday, reviving anti-Semitism fears three years to the day since an assault on a Jewish supermarket by an Islamist gunman. Prosecutors said the store in the southern Paris suburb of Cr
London's streets from the West End to Westminster are to be flooded with the light from 50 art installations this month, in an event officials hope will bring millions of visitors to the British capital. Lumiere London, organised by the culture charity Ar
Five Sahel countries that have pledged to pool military efforts to fight terrorism have set up a fiduciary fund to oversee donations for their campaign. The decision was made by the defence and foreign ministers of Burkina Faso, Chad, Mali, Mauritania and
Egyptian lawmakers on Tuesday extended for three months a state of emergency first declared following deadly April church bombings, state TV reported. Egypt had extended the state of emergency for a second time in October.