Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February 20, 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
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,224. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.760 billion and the number of lots traded was 9,511. Major business was contributed by currencies
ICE Canadian canola futures rose on Friday, boosted by a weak Canadian dollar and short-covering ahead of a long weekend. ICE Futures Canada will be closed on Monday for a Canadian holiday. March canola added $1.90 at $503.10 per tonne. Most-active May ca
Palm oil on the European vegetable oils market firmed on Monday as Malaysian palm oil futures edged higher on expectations for improved exports during February. Malaysian palm oil futures were closed on Friday for Lunar New Year celebrations. Trade on Mon
European wheat futures were higher on Monday, supported by a dip in the euro after it hit a three-year top against the dollar at the end of last week. Trading was light, with a market closure in the United States for the Presidents Day holiday removing th
Gasoline refining margins in northwest Europe slightly declined on Monday amid thin trading. Several new tanker bookings emerged in recent days, with options to delivery gasoline from Europe to West Africa, shipping reports showed. Two of the tankers - Tr
The drought afflicting Argentina since November has shriveled soya yields to the point that analysts and farmers have slashed harvest estimates by about 10 million tonnes, with final crop forecasts consolidating under the 50 million tonne mark. The drynes
The Karachi Port handled 137,464 tonnes of cargo comprising 110,019 tonnes of import cargo and 27,445 tonnes of export cargo including 3,490 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 11
Trading activity showed significant increase on the cotton market on Tuesday as spinners finalised deals in a big way on the lower rates, dealers said. The official spot rate halted further decline, held the last level at Rs 6,900, they added. In Sindh an
Brazil's 2017/18 soyabean crop is expected to reach 115.6 million tonnes, a record volume, 1.2 percent above the previous record last year of 114.2 million tonnes, according to an updated forecast on Monday from consultancy Safras & Mercado.
Higher commodity prices helped global mining giant BHP report a first-half net profit of US$2.02 billion on Tuesday, but the result was weighed down by a hefty charge from US tax reforms. The result for the six months to December 31 was 37 percent lower t
The Australian and New Zealand dollars eased on Tuesday as Asian share markets slipped into the red, while Australia's central bank again underlined the outlook for unchanged policy at home. The Aussie was a shade softer at $0.7900, having found support a
The dollar inched higher versus a basket of major currencies on Tuesday, clinging above a three-year low set last week, but its outlook was clouded by concerns that the ballooning US fiscal deficit could disrupt the economy. The dollar's index versus six
The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, as investors shrugged off worries about the U.S budget deficit and focused on large US government debt auctions this we
The dollar continued its rebound from three-year lows on Tuesday, on the view that the currency was due a modest correction after a sharp decline in recent weeks, and as traders eyed a large US debt auction. The US Treasury is preparing to sell more than
The Sri Lankan rupee fell on Tuesday as importer dollar demand outweighed selling by exporters, even as traders awaited more confirmation that political stability was returning after coalition partners agreed to continue with a cabinet reshuffle. The rupe
Most Asian currencies languished on Tuesday as the dollar rebounded further from a three-year low hit last week, and subdued risk sentiment kept regional assets in check. Against the yen, the dollar traded at 106.75 yen JPY=, up 0.15 percent for the day a
Sterling recovered against the dollar and rose against the euro on Tuesday after a media report said the European Parliament would call for giving Britain "privileged" single market access. Growing hopes that Britain and the European Union can agree a tra
Venezuela formally launched its new oil-backed cryptocurrency on Tuesday in an unconventional bid to haul itself out of a deepening economic crisis. The leftist Caracas government put 38.4 million units of the world's first state-backed digital currency,
Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi stock index rose in early trade but closed 0.3 percent down as
Tokyo stocks fell Tuesday, snapping a three-day winning streak as investors locked in profits after the recent gains. The benchmark Nikkei 225 lost 1.01 percent or 224.11 points to finish at 21,925.10 while the broader Topix index fell 0.72 percent or 12.
Hong Kong's benchmark Hang Seng index fell on Tuesday, when the city's markets reopened following the Lunar New Year holiday, with HSBC leading the slide after reporting a pretax profit below forecasts. China's H-shares index also dropped. At close of tra
A steep fall in Walmart shares put the skids on the blue-chip Dow's six-day winning streak, but gains in Amazon and technology stocks propped up the S&P 500 and the Nasdaq. The world's biggest brick-and-mortar retailer reported a lower-than-expected profi
Eurozone government bond yields edged up on Tuesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets. Euro zone finance ministers on Monday chose Spanish Economy Min
Sri Lankan shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister decided to stay in office and reshuffle his cabinet in the wake of a stinging loss in local elections for both parties in the rulin
Most Southeast Asian stock markets fell in line with broader Asia on Tuesday but Philippine shares recouped early losses to finish higher for a fifth straight session, their longest winning streak since December. MSCI's broadest index of Asia-Pacific shar
Indian shares ended lower for a third consecutive session on Tuesday, as private sector banks dropped but recovery was seen in state-run lenders, after sharp declines following the $1.77 billion fraud unearthed by Punjab National Bank (PNB) last week. The
European shares rose on Tuesday thanks to a slew of well-received results, though banks were a weak spot after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital. The pan-regional STOXX 600 benchmark ende
Australian shares ended flat on Tuesday as losses in financials and materials were offset by gains in energy and information technology stocks. The S&P/ASX 200 index fell 0.700 points to 5,940.90 at the close of trade. The benchmark added 0.6 percent on M
A disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness weighed on the UK's top share index on Tuesday. The FTSE index ended the session flat at 7,246.77 points, lagging a broadly positive European ma
Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said Tuesday as it looks to the future without long-serving chief executive Stuart Gulliver. Net profit ballooned to $9.7 billion (7.9 billion euros
Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said Tuesday as it looks to the future without long-serving chief executive Stuart Gulliver. Net profit ballooned to $9.7 billion (7.9 billion euros
A UAE-based company has unveiled what it calls the world's first camel-based baby formula, an instant powder mix aimed mainly at infants allergic to cow's milk. The Emirates Industry for Camel Milk & Products, or "Camelicious", on Monday unveiled the prod
Walmart Inc, the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations. Its shares fell 9.4 percent as investors worried th
Walmart Inc, the world's biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations. Its shares fell 9.4 percent as investors worried th
The World Trade Organization chief, in an interview with AFP, urged the United States to avert "paralysis" in the global trade dispute settlement system, as economic tensions between Washington and China ratchet up. The Dispute Settlement Body (DSB) is se
Malaysia-based firm HelloGold has received a sharia-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said. Its cryptocurrency product, dubbed GOLDX, was launch
The EU warned on Tuesday it would take "appropriate measures" to defend its interests if the US imposes tough trade sanctions as President Donald Trump delivers on his protectionist policies. The US Commerce Department on Friday recommended imposing heavy
General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The restructuring
When Amir al-Awad fled Syria for Egypt, he intended to cross the Mediterranean for a European country. But instead, the boyhood Syrian wrestling champion opted against the risky sea journey and found work at a restaurant in Alexandria, where he was introd
Bayern Munich confirmed Tuesday that Qatar Airways will replace Lufthansa as one of their sponsors, expanding the German club's business links with the Gulf state. Qatar Airways have signed a five-year deal as 'platinum partners', the level below Bayern's
Mohmand Agency first-ever Female Sports Gala carrying different disciplines got under way here at Government Girls Degree College Ekkaghund Lower Mohmand Sub-Division under the aegis of Agency Sports Office, Directorate of Sports FATA Secretariat with col
The third day of the Divisional Qualifying round of PPL Balochistan Football Cup 2018 served the football fraternity in Balochistan with one-sided victories for Qilla Saifullah and Mastung who defeated Barkhan and Awaran by 14 and 11 goals, respectively.
Hasan Raza scored two goals to help North Muslim Football Club record a 2-1 victory against Nexus Football Club in Football Leisure Leagues Season III event here at 16 Star Football Ground. Mohammad Huzaifa scored a consolatory goal for Nexus FC in the ma
Half goal handicap advantage helped Diamond Paints/Guard Rice beat Army by 51/2-5 in the Huaneng Shandong Ruyi Aibak Polo Cup 2018 opening encounter played at the Lahore Polo Club (LPC) ground, here Tuesday. Macos Araya emerged as star of the day as he ha
Hamdard University Karachi successfully organized HEC Intervarsity Football Championship (Men) 'Zone-G' 2017-18 at the Hamdard University Main Campus Football Ground, from January 17 to 22, 2018. A total of 15 Universities of Karachi from both the public
The National Cricket Academy (NCA) is holding 'Under-16 Advanced Coaching and Training Camp from March 12 to April 7, 2018 at Inzamam ul Haq High Performance Centre, Multan. In this regard, the junior national selection committee has selected 28 players w
Former US Open champion Samantha Stosur crashed out Tuesday in the first round of the Dubai Championship 1-6, 6-2, 6-4 to Estonian Anett Kontaveit. After winning the opening set, Stosur lost the second and then trailed 2-5 in the third, reaching 4-5 but d
Alex Hales announced on Tuesday he is turning his back on Test cricket after signing a new limited-overs contract with county side Nottinghamshire following a similar decision by England team-mate Adil Rashid. Rashid last week said he intended to focus so
New Zealand Cricket (NZC) defended Eden Park Tuesday amid criticism the Auckland venue is too small to host international fixtures such as the T20 tri-series final. The decider on Wednesday features New Zealand and Australia, who produced a run-fest at th
South Korean short track speed skating star Choi Min-jeong led the 2018 Olympic hosts to women's 3,000 metres relay gold Tuesday to deafening cheers from a packed Gangneung Ice Arena. Choi raced the final two laps, holding off China in a frantic dash to t
The joint Korean women's ice hockey team ended their historic Olympic run Tuesday with a crushing 6-1 defeat to Sweden but still received an emotional standing ovation from the crowd. The team was hastily assembled following a landmark deal between South
The Pyeongchang Winter Olympics was hit by a third doping scandal on Tuesday, casting a shadow over the magic on ice served up by peerless Canadians Tessa Virtue and Scott Moir. On a day when the first unified Korean Olympic team took an emotional bow, th
Canadian Prime Minister Justin Trudeau met India's corporate titans on Tuesday as he pursued a tour of the country marred by reports he has been snubbed by political leaders. Trudeau addressed a business conference in Mumbai on Tuesday morning, attended b
Oxfam formally apologized to Haiti on Monday over the prostitution scandal rocking the aid charity, expressing its "shame" and vowing to do better as it handed over a damning internal report into the allegations. Made public earlier in the day, Oxfam's 20
Britain will not engage in "Mad Max-style" deregulation and easing of workers' rights and environmental standards once it leaves the European Union, the Brexit secretary said Tuesday. "We will continue our track record of meeting high standards after we l
President Michel Aoun led a delegation Tuesday to Iraq on the first visit by a Lebanese head of state to the war-scarred country, for talks that included ways to eradicate terrorism. Aoun held talks with Iraqi President Fuad Masum and was due to meet Prim
A key hospital in Syria's rebel-held Eastern Ghouta was put out of service on Tuesday, a medical group said, with a monitor blaming Russian air strikes. "The Arbin hospital was hit twice today and is now out of service," said Moussa Naffa, country directo
Turkey fired at Syrian pro-regime forces as they entered Tuesday the Kurdish-controlled enclave of Afrin, Syrian state media said. The shelling marks a major escalation in the month-old assault Turkey and allied rebels are waging on Afrin.
The US Secret Service denied Monday reports that one of its agents and White House Chief of Staff John Kelly wrestled with Chinese security officials over the "nuclear football" during President Donald Trump's visit to Beijing in November.
An Egyptian court on Tuesday put a leading government critic and 15 others on terror lists at the request of the public prosecutor, a judicial official said. Abdel Moneim Abul Fotouh, who is accused of joining an illegally formed group and spreading false
North Korean hackers are becoming more aggressive than their Chinese counterparts, a leading US cybersecurity firm warned Tuesday, as it identified a Pyongyang-linked group as an "advanced persistent threat". It was the first time that FireEye had used th
Special prosecutor Robert Mueller unveiled charges of lying Tuesday against a lawyer linked to a former campaign aide of President Donald Trump, as the probe into Russian election meddling gains pace. Mueller's powerful team of investigators accused Alex
Malta International Airport was brought to a standstill on Tuesday by a fire that left flights suspended and hundreds of passengers stranded. Passengers were evacuated from the airport as smoke billowed through the arrivals and departure lounges, an AFP r
Copper prices fell on Tuesday, pushed lower by a stronger dollar which made metals more expensive for holders of other currencies, but trading volumes were low with many Asian markets closed for the Lunar New Year holiday. Benchmark copper on the London M
Nigeria's state oil firm said on Tuesday it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling economy. "The corporation's inte
US crude rose to a near two-week high on Tuesday on signs of inventory declines at a key storage hub, while Brent eased under pressure from a stronger dollar. Inventories at Cushing, Oklahoma, the delivery point for US crude futures fell 2.1 million barre
Benchmark Tokyo rubber futures rose on Tuesday on a weaker yen against the dollar, recovering more ground after plunging to an eight-month low on Friday, brokers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 1.2 yen higher
Malaysian palm oil futures slid on Tuesday as export growth slowed and the market took a chance to take profits amid mounting production concerns. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 1.2 per
White sugar futures fell on Tuesday, pressured by a stronger US dollar and a looming global supply glut, while arabica coffee extended last week's losses to reach its lowest in more than two months. May white sugar settled down $3.60, or 1 percent, at $35
Gold prices fell for a third straight session on Tuesday as the dollar rebounded from over three-year lows hit last week, while investors waited for minutes of the latest Federal Reserve meeting for clues on the outlook for US interest rates. Spot gold wa
Gold prices were weighed down by a stronger dollar on Tuesday, dropping for the third session, but were underpinned by |political worries and uncertainty about this week's huge US bond auctions. The dollar continued its rebound from three-year lows as inv
US soyabean meal futures jumped to their highest level since July 2016 on Tuesday as a drought kept the heat on crops in Argentina, the world's top exporter of the livestock feed. The rally helped lift soyabean and corn prices, which touched seven-month a
Gold prices were pressured by a stronger US dollar and rising interest rates on Tuesday, dropping for a third session, but were underpinned by political worries and uncertainty about this week's huge US bond auctions. The dollar continued its rebound from
The Board of Directors of Soneri Bank Limited met in Karachi under the Chairmanship of Alauddin Feerasta, on Tuesday to review the performance of the Bank and approved the financial statements for the year ended 31 December 2017. Bank has posted profit be
The Board of Directors of Soneri Bank Limited met in Karachi under the Chairmanship of Alauddin Feerasta, on Tuesday to review the performance of the Bank and approved the financial statements for the year ended 31 December 2017. Bank has posted profit be
Capital Development Authority (CDA) Tuesday informed Sub-Committee of Senate on Cabinet Secretariat that 80 percent work on Senate Housing Society has been completed. The Sub-Committee of Senate on Cabinet Secretariat meeting was held here with convener c
The customs court on Tuesday gave a warning to Ayyan Ali stating that the model will be declared an absconder if she fails to appear before the court in the currency smuggling case. The proceedings for the case in Rawalpindi's customs court began despite
Incensed at Secretary Finance for skipping the panel meetings, Chairman Public Accounts Committee (PAC) Khursheed Shah on Tuesday directed to write a letter to the Prime Minister over repeated negligence of senior officials in attending meetings of the to
International Steels Limited (PSX: ISL) is a leading manufacturer of flat steel products in Pakistan and is a subsidiary of International Industries Limited (IIL), incorporated in 2007. The company was established with a $165 million investment, with equi