Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 25, 2018).
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
The World Customs Organization has dedicated 2018 to building a secure business environment for economic development by launching its annual theme on International Customs Day 2018 with the slogan "A secure business environment for economic development."
Globally, the role of Customs is transforming rapidly. Particularly after 9/11, Customs reoriented itself to meet the security challenges arising out of the threat of terrorism, smuggling of sensitive materials and trafficking of small arms, weapons and c
Economy plays a vital role for the development of any country. A plethora of problems which inflicted many a dent and deformity in economic growth of the nation needs to be identified and corrected. One of the panaceas to treat the ill economy is providin
The WCO is dedicating 2018 to the security of the business environment, with the slogan "A secure business environment for economic development." Accordingly The Model Customs Collectorate of Appraisement-East has followed the spirit of such instruments a
Smuggling is a menace that playing havoc with the economy of the country, its effects are like carcinoma one side it is promoting the illicit illegal trade causing a colossal loss to exchequer and on the other it is promoting the use of narcotics in the y
Throughout the recent years the world has become a witness to increasing incidents of the use of the improvised explosive devices (IEDs) beyond the conflict zones. IEDs are the most prevalent form of explosives employed by terrorists around the world part
MCC, Preventive Custom House, Karachi falls within the eastern alignment of the CPEC route. Its role in developing "A Secure Business Environment for Economic Development" is pivotal. The term eastern alignment signifies the road network that is to be lai
International trade is the mainstay of world economic growth and development. Socio-economic ties generated through international trade guarantee our world's peace, stability and security. The role of customs administrations in creating a conducive enviro
Introduction The World Customs Organization (WCO) is dedicating 2018 to the security of the business environment, with the slogan 'A secure business environment for economic development'. In this context, member countries are encouraged to review
Internationally, 26th January is celebrated as an International Customs Day (ICD) under the auspices of the World Customs Organization (WCO) since the Convention establishing the Customs Co-operation Council was officially inaugurated in Brussels on 26th
Pakistan Customs, as a Member Administration of the World Customs Organization (WCO), has always endeavored to adopt international best practices in discharging its duties for facilitating trade and securing the economic frontiers of the country. Internat
The World Customs Organization (WCO) announced it will formally unveil its theme for next year entitled Secure Business Environment for Economic Development" to find ways for customs to support and enhance the security of the business environment.
It is a matter of great pleasure for me to extend warm felicitations to the Federal Board of Revenue and Pakistan Customs on the occasion of the 66th anniversary of International Customs Day on 26th January 2018. Pakistan joins World Customs Organization
On the auspicious occasion of International Customs Day which is celebrated every year on the 26th of January by the World Customs Community across the globe, I extend my warm felicitations to officials of the Pakistan Customs. The World Customs organizat
Pakistan Customs, as member of global Customs fraternity under the auspices of World Customs Organization (WCO), plays a key role in ensuring the smooth flow of international trade originating from, coming to or passing through Pakistan. The department fa
The International Customs day is celebrated on 26th of January every year by the global Customs fraternity to showcase Customs achievements and contribution in facilitation of trade and enforcement of Customs controls for protection of societies from the
Each year, the WCO Secretariat chooses a theme that is relevant to the international Customs community. The slogan chosen for 2018 is "A secure business environment for economic development." Under this banner, Members of the WCO are encouraged to look at
With the rapid spread of globalization, international trade and cross border investment flows are increasingly seen as the main elements of the global marketplace. Since international trade acts as a vehicle for economic development, Customs Administratio
As Pakistan Customs celebrates International Customs Day on 26th January, 2018 along with other Customs Administrations across the world, I congratulate all officers and officials of Customs on this special day. This year, the International Customs Day he
With the passage of time, the role of Customs Administrations has diversified. Not only are Customs Administrations responsible for revenue collection but also for safeguarding society from possible threats to public health and security. The effective man
Pakistan is celebrating the International Customs Day on 26 January 2018, along with other member countries of the World Customs Organization, to acknowledge the contribution of Customs institutions around the world in maintaining secure borders in relati
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,404. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6,807 billion and the number of lots traded was 14,789.
Chicago Board of Trade corn futures were slightly lower on Tuesday, weighed down by technical selling and abundant global grain supplies, traders said. Wheat prices eased about 1 percent and that weakness spilled over into the corn market.
Asia's gasoline margins are at their lowest in three years as plentiful supplies, off-peak demand and a steady rise in crude oil have undercut profit for the refined fuel. Asia's average gasoline margin or crack for Jan. 2-23 was at a $7.49-a-barrel premi
ICE Canadian canola futures rose on Tuesday for the fourth time in five sessions, lifted by a bump in soyaoil prices. Volumes were light as funds that trade on technical factors and farmers were seen on the sidelines, a trader said. March canola gained $2
Tea prices fell at Bangladesh's weekly auction amid higher supply than at the previous sale, although strong demand for quality leaf capped a steeper price decline. Bangladeshi tea fetched an average price of 229.62 taka ($2.80) per kg at the auction, com
The Karachi Port handled 116,143 tonnes of cargo comprising 86,667 tonnes of import cargo and 29,476 tonnes of export cargo including 3,352 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 86
Prices fluctuated slightly on the cotton market on Thursday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In ready session, around 6000 bales of cotton changed hands between Rs 6375-8000, the
Chicago Board of Trade wheat futures fell about 1 percent on Tuesday, pressured by chart-based selling and ample global grain stockpiles, traders said. Rain and snowfall in the eastern US Midwest replenished soil moisture for the dormant soft red winter w
Weakness was prevalent on the ready cotton market where some traders informed that lint values have shed between Rs 200 to Rs 300 per maund (37.32 Kgs) within a fortnight. Textile circles informed that cotton yarn prices have also gone down. Moreover, the
Weakness was prevalent on the ready cotton market where some traders informed that lint values have shed between Rs 200 to Rs 300 per maund (37.32 Kgs) within a fortnight. Textile circles informed that cotton yarn prices have also gone down. Moreover, the
British online fashion retailer ASOS beat expectations for sales growth over Christmas and said it sees potential for e-commerce to expand to as much as 40 percent of all clothing sales in developed markets. After ASOS posted a 30 percent rise in retail s
Hit shows like "Game of Thrones" and "Riviera" helped Sky deliver a 10 percent rise in first-half earnings, underscoring the appeal of the European pay-TV group to the US media companies trying to buy it. Rupert Murdoch's Twenty-First Century Fox was prov
India's stock of soured bank loans shrank slightly in the quarter to September last year, the first pullback since a drive to clean up record levels of bad debt began in 2015 and signalling that tighter rules and a new bankruptcy code may be starting to s
South Korea's economy unexpectedly shrank in the last quarter as struggling car exporters and industrial production failed to keep up the previous quarter's dashing pace, posting its worst performance since 2008. An 10-day Chuseok autumn holiday in Octobe
US Commerce Secretary Wilbur Ross on Wednesday said odds favor a successful renegotiation of the landmark North American Free Trade Agreement but warned there are limits on what Washington will accept. A sixth round of negotiations is underway this week i
France has conquered the home of ice cream for the fourth time after winning the 2018 Gelato World Cup at a food gala held in the Italian city of Rimini. France beat 11 other countries to take the ice cream crown, with Spain and Australia taking second an
The number of rhinos killed for their horns by poachers in South Africa dipped in 2017, but more than 1,000 were still slaughtered, the government said on Thursday. South Africa is battling a scourge of rhino poaching fuelled by insatiable demand for thei
Brazil's central bank wants to regulate fees retailers must pay when customers swipe debit cards to boost the use of electronic payments and add to already enhanced consumer protections, three people with knowledge of the matter said. In a Friday meeting
The dollar skidded to a three-year low against its peers on Thursday after caving on comments by US Treasury secretary Steven Mnuchin that he welcomed a weaker currency, while the euro was firm ahead of the European Central Bank's policy decision. The sin
The euro hovered at 3-year highs against a weakened dollar on Thursday, as traders looked to whether European Central Bank President Mario Draghi would try to talk down the single currency from its recent rally. Draghi was to speak at 1330 GMT after the m
The euro surged to a fresh three-year high on Thursday after European Central Bank President Mario Draghi said economic data pointed to "solid and broad" growth with inflation likely to rise in the medium term from subdued levels. The euro jumped about 1
The dollar slumped to a fresh three-year low against a basket of major currencies on Wednesday after the US Treasury secretary said he welcomed a weaker greenback, and as investors worried about US President Donald Trump's protectionist agenda.
The Sri Lankan rupee ended firmer on Thursday, further moving away from a record low hit earlier this week, as banks and exporters sold dollars, dealers said. The spot rupee ended at 153.70/80 per dollar, compared with Wednesday's close of 153.75/85. On T
Asian currencies rallied against the dollar on Thursday, as the greenback went into a tailspin after comments from the US Treasury secretary hinted of a paradigm shift in the currency policy of the world's largest economy. US Treasury Secretary Steven Mnu
Sterling settled above the $1.43 line for the first time since the June 2016's EU referendum as optimism around Brexit and growing expectations of an interest rate increase later this year encouraged investors to add to long positions. A deepening selloff
The Australian dollar held hefty gains on Thursday after the United States' top Treasury official said a weaker US currency was good for the country, giving a green light to speculative sellers across the globe. The New Zealand dollar, however, was stripp
Stock markets in the Gulf gained on Thursday, supported by the rise in Brent oil to a three-year high above $70 a barrel, as Qatar continued a strong rally and the top Saudi Arabian petrochemical producer climbed after acquisition news. Qatar's main index
Hong Kong's Hang Seng benchmark fell the most in a month, as some investors took profit after a seven-day winning streak. At close of trade, the Hang Seng index was down 304.24 points, or 0.92 percent, at 32,654.45. The Hang Seng China Enterprises index f
Tokyo stocks fell Thursday as the yen hit a four-month high after the US treasury secretary hailed a "weak dollar" at the World Economic Forum in Davos. The benchmark Nikkei 225 index lost 1.13 percent or 271.29 points to close at 23,669.49, while the bro
Stocks on Wall Street advanced on Thursday, buoyed by solid corporate earnings and continued weakness in the dollar after comments by European Central Bank President Mario Draghi and US Treasury Secretary Steven Mnuchin. Biogen Inc surged 2.11 percent aft
Both the Dow and S&P 500 edged higher on Wednesday while the Nasdaq lost ground in choppy trading in the wake of comments by US Commerce Secretary Wilbur Ross which hinted at action against China in a trade war. Speaking at the World Economic Forum in Dav
US Treasury debt prices slumped on Wednesday, after Treasury Secretary Steven Mnuchin backed a weaker dollar to help boost America's global trade, breaking from the traditional strong currency policy of past administrations. US 30-year bond yields, which
US Treasury debt prices slumped on Wednesday, after Treasury Secretary Steven Mnuchin backed a weaker dollar to help boost America's global trade, breaking from the traditional strong currency policy of past administrations. US 30-year bond yields, which
Australian shares recouped some of their losses on Thursday to end the week in the black as a rally in top material firms partially offset falls in financials. The S&P/ASX 200 index closed lower 0.1 percent or 4.7 points at 6,050, edging away from intrada
China stocks weakened from two-year highs on Thursday, with the benchmark Shanghai index snapping a seven-session winning streak, led down by property and healthcare firms, as investors pocketed gains after recent strong rally. At the close, the Shanghai
European shares fell on Thursday as remarks from European Central Bank chief Mario Draghi kept the euro running, sending the currency to fresh three-year highs against the dollar. The euro zone STOXX index fell 0.4 percent after hitting a one-week low, af
Indian shares fell on Thursday, snapping a six-session record-setting rally, as investors booked profits in IT stocks, while large state-run lenders slid as they stood to receive less money than expected from a government recapitalisation plan. Caution al
Philippine shares marked a record close on Thursday on broad-based gains, while Vietnam ended at its highest in more than ten years as trading resumed after the exchange was shut for two days due to a technical issue. Gains on the Philippine stock exchang
The UK's top share index fell for a third straight day as a deepening global sell-off in the dollar strengthened sterling and dented earnings prospects for British companies exposed to the US currency. The blue chip FTSE 100 index closed down 0.4 percent
The world's second-largest memory chipmaker SK Hynix saw profits nearly double to hit a record in the fourth quarter on strong demand, it said Thursday. Net profit leaped 98 percent year-on-year to 3.22 trillion won ($3 billion), the South Korean firm sai
Russia on Thursday moved towards regulating cryptocurrencies by presenting a draft law aimed at controlling the production and creation of virtual money - something that has drawn both interest and suspicion from authorities. The law, which still needs to
British banks approved the fewest mortgages since April 2013 last month and growth in consumer credit slowed, industry figures showed on Thursday, pointing to a weaker housing market this year. Banks approved 36,115 mortgages for house purchase in Decembe
Russia held firm as China's top crude oil supplier in December for the 10th month and racked up its second year as the largest supplier in 2017, customs data showed, leaving rival exporter Saudi Arabia in second place on both fronts. Exports from Russia h
Britain's annual sandwich consumption produces the same amount of carbon dioxide as more than eight million cars, according to a study published on Thursday. Around 11.5 billion sandwiches are consumed each year in Britain, half of which are homemade and
Sales of new US single-family homes fell more than expected in December, recording their biggest drop in nearly 1-1/2 years, likely as the boost from the replacement of flood-damaged houses in parts of the South affected by hurricanes faded. Other data on
Italian-US carmaker Fiat Chrysler said Thursday that its net profit nearly doubled in 2017, outpacing analysts' expectations, but it downgraded its sales target for the current year. Fiat Chrysler said in a statement that net profit soared by 93 percent t
German business confidence rose unexpectedly in January to match November's record high, a survey showed on Thursday, suggesting that Europe's biggest economy continued to fire on all cylinders at the beginning of 2018 despite a stronger euro. The surpris
Wickets tumbled and batsmen were struck on the fingers and body as South Africa and India battled for supremacy on the second day of the third and final Test on Thursday. Hashim Amla's 61 enabled South Africa to squeeze into a seven-run first innings lead
Marin Cilic dominated British hope Kyle Edmund in straight sets to become the first Croatian to reach the final of the Australian Open on Thursday. The world No.6 powered into his third Grand Slam decider with a 6-2, 7-6 (7/4), 6-2 win in 2hr 18min on Rod
Simona Halep survived a three-set thriller against Angelique Kerber Thursday to set up a winner-takes-all Australian Open final against Caroline Wozniacki, where the number one ranking will be on the line. The Romanian said for a fleeting moment she thoug
TPL Corp organised a Futsal tournament at Rahat Stadium - DHA, for players studying in different schools of Karachi. As many as eight teams participated in the tournament while Gunners bagged the first position defeating Citizens in finals. Ibrahim from t
The Replacement Draft for the third season of the HBL-Pakistan Super League-III (PSL-III) will be held on January 29. Teams will draft replacements for fully and partially unavailable players, a PCB spokesman said on Thursday. The third edition of HBL-PSL
Pakistan Cricket Board (PCB) has announced a three-member Women's Selection Committee headed by former Test Cricketer Jalaluddin. Akhtar Sarfaraz and Asmavia Iqbal are the members of the selection committee. The selection committee will further be working
Reigning world outdoor high jump champion Mariya Lasitskene is among 18 Russian athletes cleared to compete so far this year as neutrals, the IAAF said on Thursday. The sport's governing body said that while the Russian national federation remained banned
Suranga Lakmal led Sri Lankan bowlers on a confidence-boosting rampage to skittle out Bangladesh for 82 on Thursday and guide his side into the final of the Dhaka tri-nation tournament. Openers Upul Tharanga (39) and Danushka Gunathilaka (35) sped to the
A dozen North Korean female ice hockey players joined their Southern counterparts Thursday to form a unified team - the Koreas' first for nearly three decades - at next month's Winter Olympics. The Pyeongchang Winter Games have triggered an apparent rappr
Pakistan crushed New Zealand by 48 runs in the second T20 in Auckland on Thursday to notch their first victory of the tour over the Black Caps. The tourists finally found form with both bat and ball to level the three-match T20 series after a humiliating
Tokyo's ambulance service has experienced its busiest day in more than 80 years, officials said Thursday, amid icy conditions as the Japanese capital shivers through its coldest temperatures in decades. The Tokyo fire department, which runs the ambulance
A groundbreaking quantum physics professor was named "Australian of the Year" on Thursday for her work heralded as ushering in a new era for computer science. British-born Michelle Yvonne Simmons, 50, and her team at the University of New South Wales crea
Spain's ruling party apologised to its voters Thursday after a former official claimed in court that it received "dirty money" for election campaigns in the eastern region of Valencia. "I'm ashamed and I apologise for the bad conduct of some people, to th
China has been invited to participate in a major US-led naval exercise, Chinese officials said Thursday, despite tensions between Beijing and Washington over activity in the disputed South China Sea. The Chinese military took part in the RIMPAC drill, bil
The United Nations led fresh efforts Thursday to jump-start Syrian peace talks that Western countries and the opposition fear are being undermined by a separate Russian diplomatic push. The two days of talks in Vienna come after eight previous rounds in G
Qatar is finalising a deal to buy Russian S-400 air defence systems, the isolated Gulf state's ambassador to Moscow said Thursday. "Negotiations in this direction are in an advanced stage," Fahad bin Mohammed Al-Attiyah told Russia's TASS state news agenc
A US aircraft carrier will port in Vietnam in March, military officials said Thursday, a first for the allies and former foes as they seek to counter Beijing's growing might in the disputed South China Sea. The announcement came as US defence secretary Ji
