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 3,330. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.028 billion and the number of lots traded was 15,403. Major business was contributed by gold a
Ukraine is likely to raise its flour exports by 20 percent to around 480,000 tonnes this season, making it the sixth largest supplier globally, analyst UkrAgroConsult said on Tuesday. "The factors driving the development specifically of exports include a
Chinese steel futures fell for the first time in six trading sessions on Tuesday as investors booked some profits from recent gains spurred by hopes of a revival in demand from the construction sector and a drop in inventory levels.
Palm oil on the European vegetable oils market rose on Tuesday, the first trading day following a four-day Easter weekend, on the back of two strong sessions in Malaysian palm oil futures. Palm oil futures, however, eased in a technical correction to two
The Karachi Port handled 208,331 tonnes of cargo comprising 138,403 tonnes of import cargo and 69,928 tonnes of export cargo including 7,033 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Rates stayed firm on the cotton market on Thursday in the process of modest trading, dealers said. Official spot rate was unchanged at Rs 7300, they added. In both Sindh and Punjab prices were at Rs 2800-3100, they said. In the ready session, around 3000
ICE Canadian canola futures climbed to a one-month high on Tuesday on spillover support from a firmer Chicago soyabean market, although a stronger Canadian dollar limited gains. May canola rose $1.70 to settle at $526.50 per tonne. July canola gained $1.6
By and large, activity remained slow and sluggish on Thursday where only needy mills were seen to be picking up some quantities of cotton on the ready market. Recently, global cotton prices had also declined but buyers reportedly picked up some cotton to
By and large, activity remained slow and sluggish on Thursday where only needy mills were seen to be picking up some quantities of cotton on the ready market. Recently, global cotton prices had also declined but buyers reportedly picked up some cotton to
Eurozone banks that have issued bonds under English law may face capital shortfalls after Britain leaves the EU, regulators in the currency bloc said as they encourage banks to switch to continental law for future contracts.
Canada's trade deficit in February jumped to C$2.69 billion ($2.10 billion) from C$1.94 billion in January as rail transport problems slashed exports of wheat and canola, Statistics Canada said on Thursday. The deficit was larger than the C$2.00 billion s
World food prices rose in March from the month before, driven by increases in grains and dairy costs, the United Nations food agency said on Thursday. The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a bas
Almost eight out of 10 companies and public sector bodies operating in Britain pay men more than women overall, said data published Thursday confirming long-standing gender inequality in the workplace. Prime Minister Theresa May introduced laws last year
JPMorgan Chase's chief warned Thursday that markets have underestimated the chance the Federal Reserve will need to accelerate interest rate hikes. The Fed and other central banks "may have to take more drastic action than they currently anticipate - reac
JPMorgan Chase's chief warned Thursday that markets have underestimated the chance the Federal Reserve will need to accelerate interest rate hikes. The Fed and other central banks "may have to take more drastic action than they currently anticipate - reac
The US trade deficit increased to a near 9-1/2-year high in February, with both imports and exports rising to record highs in a sign of strong domestic and global demand. News on Thursday of the worsening trade deficit came as the United States and China
Semi-conductor manufacturer Broadcom, which recently failed in a bid to buy US rival Qualcomm, has transferred its headquarters from Singapore to the US as promised. The move effective Wednesday was approved by shareholders on March 23 and then endorsed b
Eurozone sales increased at a slower rate than expected in February as shoppers cut back on non-food purchases and figures for January were revised down, indicating a slowdown of business in the bloc's high streets at the start of the year. The European U
Ratings agency Fitch on Thursday left the top-notch US sovereign debt grade unchanged at "AAA" with a stable outlook, but warned faster borrowing could eventually test America's credit strength. In a statement, the agency said December's sweeping $1.5 tri
Ratings agency Fitch on Thursday left the top-notch US sovereign debt grade unchanged at "AAA" with a stable outlook, but warned faster borrowing could eventually test America's credit strength. In a statement, the agency said December's sweeping $1.5 tri
The Reserve Bank of India on Thursday deferred until next year a new accounting standard for the country's banks that would have led to higher bad-loan provisioning requirements. The move comes as a relief to Indian lenders battling near-record bad loans
India's central bank on Thursday kept interest rates at a seven-year-low despite inflation concerns and a recent spurt in economic growth. The Reserve Bank of India (RBI) said the benchmark repo rate - the level at which it lends to commercial banks -- wo
Canadian Prime Minister Justin Trudeau signalled Thursday he saw a strong chance of reaching a deal with the US and Mexico to revamp the North American Free Trade Agreement. "We have a high chance of reaching a win-win-win deal for Canada, the United Stat
Japan's biggest city gas seller Tokyo Gas Co expects that contracts for liquefied natural gas (LNG) cargoes with destination flexibility will spread from the West and Japan to be a common thing worldwide, the company's new president said. Japan's Fair Tra
Indian airline Jet Airways has entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion. The country's second-largest airline made the announcement to the Mumbai stock exchange late Tuesday. The company did
Australian retail sales rebounded in February as shoppers spent on cafes, clothing and household goods, a tentative sign that consumers may be coming out of the doldrums and contribute to economic growth. Wednesday's data from the Australian Bureau of Sta
The global box office took a record $40.6 billion last year, industry figures showed on Wednesday, as the Chinese market resumed growth and receipts in North America declined slightly.
Global watchdog Human Rights Watch on Thursday urged Zimbabwe to take urgent steps to stem child labour and other rights abuses on the country's tobacco farms. In a report titled "Bitter Harvest", the HRW revealed that children as young as 11 were working
A Spanish judge on Thursday released on bail Herve Falciani, a former HSBC computer analyst detained in Madrid at the request of Switzerland for leaking documents alleging widespread tax evasion. The National Court judge seized Falciani's passport and sai
British advertising giant WPP on Wednesday revealed it had launched an independent investigation into allegations of misconduct by its chief executive Martin Sorrell, reportedly of a financial and personal nature. The statement came after The Wall Street
Chinese online services giant Meituan Dianping said Wednesday it would acquire bike-sharing start-up Mobike in a deal reportedly worth more than $3 billion, escalating a turf battle between some of the world's biggest internet companies. The acquisition v
The dollar inched up against the yen on Thursday as stocks bounced back from a sell-off triggered by an escalating US-China trade dispute. The greenback was 0.15 percent higher at 106.930 yen, having pulled higher from a low of 105.990 set the previous da
The dollar rose to a two-week high against a basket of major currencies on Thursday, encouraged by a rebound on Wall Street and signs the United States may negotiate a resolution to a trade dispute with China. Beijing on Wednesday imposed tariffs on key U
The dollar rose to a two-week high against a currency basket on Thursday, bolstered by a rebound on Wall Street and signs the United States is looking to resolve a trade dispute with China. The US currency also climbed to a three-week peak against the yen
The dollar recovered against the yen and Swiss franc on Wednesday, bolstered by a rebound on Wall Street, as investors turned less pessimistic about the impact of China's move to slap tariffs on key US imports in response to a similar measure from the Uni
The Sri Lankan rupee ended stronger on Thursday on exporter dollar conversions and inward remittances, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion boosted sentiment, dealers said. Wickremesinghe won a no-confidence vote in parl
Most emerging Asian currencies inched up slightly on Thursday on hopes that a full-blown trade war between the United States and China can be averted. The dollar was a shade higher at 106.845 yen, having pulled higher from a low of 105.990 set the previou
Sterling fell on Thursday and was set for its biggest daily drop in six weeks thanks to a general dollar rebound as trade war concerns eased and after a survey showed British services growing at their slowest since the Brexit referendum vote. The dollar e
The Australian and New Zealand dollars edged lower on Thursday as the greenback was generally well-bid against most Asian currencies, though an impression of easing trade tensions between the United States and China supported sentiment. The Australian dol
Abu Dhabi outperformed among mixed regional stock markets on Thursday, with Saudi Arabia extending a rebound following several days of profit-taking. The Abu Dhabi index closed 1.7 percent higher, supported by the financial and energy sectors. Abu Dhabi N
Australian shares rose on Thursday, with bank stocks leading gains on a positive turn in global sentiment as fears of an all-out trade war between the world's two largest economies abated. Investors were more optimistic the US-China trade spat would simme
Wall Street rose on Thursday afternoon as investors shrugged off fears of an escalating trade conflict between the United States and China and looked forward to the quarterly earnings season. Boeing, among the worst hit stocks on Wednesday after China ret
Wall Street's three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. After i
US Treasury yields rose on Wednesday and stocks recovered much of their earlier losses, after China retaliated against the Trump administration's plan to impose tariffs on Chinese goods. China hit back with a list of similar duties on key US imports inclu
US Treasury yields rose on Wednesday and stocks recovered much of their earlier losses, after China retaliated against the Trump administration's plan to impose tariffs on Chinese goods. China hit back with a list of similar duties on key US imports inclu
Sri Lankan shares climbed on Thursday to their highest close in one week as Prime Minister Ranil Wickremesinghe survived a no-confidence motion, easing political uncertainty, dealers said. Wickremesinghe won the motion as late on Wednesday as a majority o
Tokyo stocks closed higher on Thursday as fears of a US-China trade war eased and the yen weakened against the dollar. The benchmark Nikkei 225 index rose 1.53 percent, or 325.87 points, to end at 21,645.42, while the broader Topix index was up 1.08 perce
Indian shares rose on Thursday, tracking global equity markets that recovered after fears of a Sino-US trade war eased, with metal stocks such as Hindalco Industries Ltd and banks such as ICICI Bank Ltd among top gainers.
European stocks jumped to their highest level in more than two weeks on Thursday as investors bought back into risky assets as concerns over trade tensions ebbed. The STOXX 600 rose 2.4 percent, scoring its best day since June 2016, buoyed by financials a
Southeast Asian stock markets gained on Thursday, with Singapore bouncing back strongly from the previous session's losses, as Washington expressed willingness to negotiate a resolution with Beijing, assuaging fears of a full-blown trade war between the t
British blue chip shares rose to their highest level in more than three weeks on Thursday as the threat of a trade war between the United States and China appeared to fade. In addition, a number of analysts now believe that current valuations make British
Rafael Nadal faces a potentially season-defining Davis Cup weekend as the 16-time Grand Slam champion returns for his first appearance since hobbling out of the Australian Open in January with a crippling hip injury. The 31-year-old Nadal leads Spain into
India's cricket board Thursday struck a record $944 million deal with broadcast giant Star India for the media rights of the national team, adding to their substantial television wealth. The amount was 60 percent higher than the last sale for the rights t
Former Australia skipper Ricky Ponting said Thursday he was shocked by the ball-tampering scandal that has engulfed the national team but defended a culture he insisted sought to play "hard" and "fair". Ponting, coach of the Delhi Daredevils IPL team, sai
Former Australia cricket vice-captain David Warner Thursday said he will not be challenging his 12-month ban for ball-tampering and would strive to be a better teammate and role model. His decision, just hours before a deadline, followed a contrite Steve
Liverpool are facing the prospect of disciplinary action by European football authorities following an attack on Manchester City's team bus before their Champions League quarter-final. Missiles were thrown at the bus as it arrived for Wednesday's first le
Foreign kabaddi players from different countries including Bangladesh, India, Iran, Iraq, Japan, Kenya, South Korea, Malaysia, Poland, Sri Lanka, Thailand, Turkmenistan, the UK and USA are expected to participate in Season I of Super Kabaddi League that i
Kagiso Rabada, the world's number one Test bowler, will miss the Indian Premier League season due to a back injury, Cricket South Africa said Thursday. He had been contracted to the Delhi Daredevils for the annual Twenty20 league, which begins this weeken
Moscow's busiest airport will not receive a crucial new runway in time for the World Cup, a report said on Thursday, dealing a blow to President Vladimir Putin's prestige event. The Rosaviatsiya state aviation agency has informed the transport minister th
The boss of the Monaco Grand Prix is planning to reverse Formula One's recent modernisation of some traditions by retaining 'grid girls' at the glamorous Mediterranean race weekend in May. The sport announced it was replacing 'gird girls' with 'grid kids'
Tiger Woods teed off at Augusta National for the first time in three years on Thursday, setting off in search of his 15th major title in a Masters that promises to be a classic. The 42-year-old, who calls himself a walking miracle less than 12 months afte
Eleven-year-old table tennis prodigy Anna Hursey made her mark at the Commonwealth Games as she helped pull off a hard-fought doubles win for Wales on Thursday. The schoolgirl, the youngest athlete at these Games and thought to be the youngest in the comp
Australia smashed world records in swimming and cycling on day one of the Commonwealth Games as they rebounded quickly from hurdler Sally Pearson's shock pull-out on Thursday Poster-girl Pearson's withdrawal with an Achilles problem made for a gloomy star
A researcher killed four fellow staff members in a shooting Thursday at a university in the western Turkish city of Eskisehir, in one of the deadliest incidents of its kind seen in Turkey. Deadly shootouts - often caused by arguments that degenerate into
Facebook Inc said on Wednesday the personal information of up to 87 million users, mostly in the United States, may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million.
A German court on Thursday refused Spain's request to extradite Catalan ex-leader Carles Puigdemont on a rebellion charge following his arrest in Germany last month, ordering his release on bail pending a hearing on a lesser charge. In a heavy blow for Ma
A Palestinian was killed by an Israeli air strike on the Gaza border early Thursday, the health ministry in the Palestinian enclave said, as tensions increased ahead of new protests. The health ministry did not identify the man but said he died in Shifa H
Gaza's Islamist rulers Hamas have offered to pay $3,000 to the family of any Palestinian killed by Israeli troops along the border, ahead of new expected protests. In a statement, the group said it would support the "family of each martyr" with $3,000, wh
Twitter said Thursday it has suspended over one million accounts for "promotion of terrorism" since 2015, claiming its efforts have begun to make the platform "an undesirable place" to call for violence. In its latest transparency report, Twitter said it
Ivory Coast's new senate took office on Thursday, defying opposition protests that the assembly was a costly rubber stamp for President Alassane Ouattara. Sixty-six senators were elected on March 24, delivering a massive majority for the ruling RHDP party
Some 1.5 billion sensitive online files, from pay stubs to medical scans to patent applications, are visible on the open internet, security researchers said Thursday. Researchers from the cybersecurity firm Digital Shadows said a scanning tool used in the
A huge fire on Thursday engulfed a hospital in Istanbul forcing patients to evacuate as firefighters battled the smoke and flames. The blaze, which started in the roof, turned the side of the building into a burned-out shell, sending a massive black cloud
The US military's Syria mission has not changed and troops will remain for now, the Pentagon said Thursday, days after President Donald Trump said he wants US forces out. "Our position in Syria has been to defeat ISIS," Pentagon spokeswoman Dana White tol
A flight operated by budget airline Scoot was Thursday escorted back to Singapore by fighter jets after a bomb hoax and a passenger was arrested. The plane bound for Hat Yai in southern Thailand landed safely at Changi Airport at 3:23 pm (0723 GMT) just o
The United States on Wednesday approved $4.7 billion in deals for American firms to sell jet fighters to Slovakia, military helicopters to Spain and armed drones to Britain. All three countries are Nato members, and the sale of F-16 fighters to Slovakia w
The White House on Thursday announced a visit by German Chancellor Angela Merkel, but said no date had yet been set. There is an "upcoming visit," deputy press secretary Hogan Gidley said, adding that the details were still being worked out. After enjoyin
Copper rose 1.4 percent on Thursday as fading concerns over the prospect of a trade war between China and the United States sparked a bounce in cyclical assets, driving European stocks up more than 2 percent. Equity markets rebounded from the previous ses
Oil companies should be prepared to pay higher rates for renting offshore service vessels, in order to secure the long-term survival of a key part of the industry's supply chain, the Norwegian Shipowners' Association said on Thursday. Energy firms sharply
Oil prices rose on Thursday, helped by gains in US equities markets and Saudi Arabia's unexpected hike in crude prices, though crude's advance was curbed by strength in the dollar. Brent crude futures gained 31 cents to settle at $68.33 a barrel, and US W
Benchmark Tokyo rubber futures slipped on Thursday, extending losses into a fourth straight day, as lingering worries over rising stock in Tokyo weighed on sentiment despite easing concerns over US-China trade spat. Rubber inventories at TOCOM-approved wa
Malaysian palm oil futures hit a fresh one-month top on Thursday, charting a fourth session of gains in five, as expectations of falling end-March stockpiles boosted the market. The benchmark palm oil contract for June delivery on the Bursa Malaysia Deriv
New York cocoa futures on ICE rose on Thursday, buoyed by arbitrage buying that sharply narrowed the May/July spread while the London May cocoa discount versus the July contract widened on the London market. May New York cocoa settled up $33, or 1.3 perce
Gold prices eased from a one-week high, but still remained up on Wednesday, as the US dollar dipped versus the yen and share markets faltered after China retaliated against a US move to slap tariffs on $50 billion worth of its imports. Beijing said after
Gold prices fell on Thursday, pulling back from one-week highs reached the session before, as risk appetite recovered after the United States expressed willingness to resolve an escalating trade fight with China. Spot gold dipped 0.6 percent to $1,324.96
Gold prices fell on Thursday after the United States and China signalled willingness to resolve a trade dispute through negotiations, reducing demand for bullion as a perceived safe place to park money. Investors moved back into equities, sending global s
Chicago soyabean futures rallied more than 1 percent on Thursday as investors played down the immediate impact of proposed Chinese tariffs on US supplies, a move that had sent prices plunging a day earlier. US winter wheat futures jumped as much as 2 perc
Gold prices dropped on Thursday as safe-haven demand eased for bullion after the United States and China signalled willingness to negotiate a trade dispute instead of hitting each other with tariffs that might slow economic activity in both countries. Inv