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 3,494. The traded value of Metals, Energy and COTS/FX was recorded at 7.226 billion and the number of lots traded was 11,937.
Asia's naphtha crack rose for the fourth straight session on Tuesday towards a five-month high of $115.45 a tonne on the back of strong demand, while the gasoline crack was at a 5-1/2 month high of $9.91 a barrel. Asia's demand for naphtha in general has
The Karachi Port handled 185,352 tonnes of cargo comprising 149,370 tonnes of import cargo and 35,982 tonnes of export cargo including 6,870 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Chicago Board of Trade soyabean futures closed higher on Tuesday as easing trade tensions between the United States and China raised hopes for larger soya exports, traders said. A bumper soyabean harvest in Brazil and a faster-than-expected planting pace
Tea prices in Bangladesh rose at the weekly auction for the second time in a row, due to strong demand for quality leaf despite higher volumes on offer. Bangladeshi tea fetched average of 223.71 taka ($2.6) per kg at the auction centre in the port city of
Benchmark northwest European gasoline refining margins edged lower on Tuesday, pressured by refineries returning from seasonal maintenance and higher oil prices. Industry monitor Genscape said on Tuesday that the gasoline-making fluid catalytic cracker at
India will build government stockpiles of sugar to cut a surplus in the market, two official sources said on Tuesday, a move that will prop up local prices and help money-losing mills pay dues to millions of cane growers, a key voting bloc. The cabinet of
Lean business was again witnessed on the cotton market on Thursday as leading mills conspicuous by their absence, dealers said. The official spot rate was unchanged at Rs 7500, they added. In the ready session, only single deal reported till our going to
ICE Canadian canola futures edged higher on Tuesday, pulled up by spillover strength from grains. Canola's gains lagged those of US soybeans in Monday's session, when the canola market was closed, as some dry areas of Western Canada got modest weekend rai
On the ready cotton market, traders in Karachi reported easy and dull conditions prevailing on Thursday. Even though hardly about 100,000 bales of cotton (155 Kgs) reportedly remain unsold with the ginners from the current crop (August 2017/July 2018), an
On the ready cotton market, traders in Karachi reported easy and dull conditions prevailing on Thursday. Even though hardly about 100,000 bales of cotton (155 Kgs) reportedly remain unsold with the ginners from the current crop (August 2017/July 2018), an
The World Bank on Wednesday lowered its forecast for Russia's economic growth in 2018 to 1.5 percent from 1.7 percent and warned Russia faces more years of modest economic prospects. The World Bank said in a regular report it expected Russia's economy to
The Bank of Korea held interest rates steady for a sixth straight month on Thursday, with inflation seen remaining below target and trade frictions between the United States and China raising fears of collateral damage to other export-reliant Asian econom
German consumer sentiment deteriorated further heading into June to reach the lowest level so far in 2018, a survey showed on Thursday, suggesting that household spending in Europe's biggest economy could slow in the coming months.
After liberalising its foreign exchange system, Uzbekistan now needs to restructure its entire economy distorted by the decades of strict currency and price controls, officials from the World Bank and International Monetary Fund told Reuters.
The Turkish government's quick-fix economic packages has called the continued health of the economy into question and this is reflected in the recent slide in the lira, the head of Turkey's main business lobby group TUSIAD said on Thursday.
The dollar lost momentum on Thursday after the double-whammy of dovish-looking minutes of the Federal Reserve's last policy meeting and the threat by US President Donald Trump of imposing new tariffs on imported cars. The euro was hampered by concerns ove
The euro rose off a six-month low on Thursday as the dollar faltered but concerns over an economic slowdown in Europe and political risks in Italy continued to act as a brake. The euro is set to be down for a sixth consecutive week against the dollar - th
The dollar fell against a basket of currencies on Thursday and hit a two-week low against the Japanese yen, after US President Donald Trump called off a summit meeting with North Korean leader Kim Jong Un and as traders booked profits following the greenb
The dollar held near a more than five-month high against a basket of currencies on Wednesday, after minutes of the Federal Reserve's May policy meeting showed most policymakers thought it likely another interest rate increase would be warranted "soon" if
The Sri Lankan rupee fell on Thursday on importer dollar demand, while exporters stayed on the sidelines on expectation the currency would weaken further in line with other emerging markets. A possible slump in the country's top agriculture export, tea, d
Most emerging Asian currencies strengthened on Thursday as the dollar weakened following seemingly dovish minutes from the Federal Reserve's last policy meeting and possible new US tariffs. While the minutes showed most policymakers thought it likely anot
Turkey's lira weakened more than 3 percent on Thursday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors bet another hike would be needed to tame the sell-off. The central
Sterling edged below the day's highs on Thursday after upbeat British retail sales data, with traders wary of pushing the currency too much further given persistent concerns over Brexit negotiations. The British currency extended gains to rise half a perc
The Australian and New Zealand dollars rebounded on Thursday, as the greenback lost momentum after minutes of the Federal Reserve's last policy meeting were seen as dovish, but gains were tempered on renewed fears of a US-led trade war. The Australian dol
Qatari stocks led regional gains on Thursday after the government announced it was moving ahead with a draft law to allow full foreign ownership of companies. Qatar's index rose 0.6 percent, despite lingering questions about how the plan differed from a s
Tokyo's benchmark Nikkei index fell for the third consecutive session on Thursday, with automakers battered by news that Washington was considering possible tariffs on automobile imports. The Nikkei 225 index dropped 1.11 percent, or 252.73 points, to 22,
US stocks fell on Thursday after President Donald Trump cancelled a planned historic summit with North Korean leader Kim Jong Un and threatened tariffs on auto imports while trade tensions with China simmered. Trump cancelled the June 12 meeting "based on
US stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted
Hong Kong stocks ended higher on Thursday, helped by services and energy companies, though gains were capped amid renewed concerns over China-US trade tensions. At close of trade, the Hang Seng index rose 0.3 percent to 30,760.41 points, while the China E
US Treasury yields held at lower levels on Wednesday after minutes of the Federal Reserve's May meeting showed that most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the US economic outlook remains intact.
US Treasury yields held at lower levels on Wednesday after minutes of the Federal Reserve's May meeting showed that most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the US economic outlook remains intact.
Indian shares ended higher on Thursday as IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd (TCS) gained on the back of a weaker rupee. The broader NSE index closed 0.8 percent higher at 10,513.85 while the benchmark BSE index ended 0.93 per
China stocks extended losses on Thursday, after falling the most in a month in the previous session, as caution prevailed amid renewed concerns over China-US trade tensions. The blue-chip CSI300 index closed down 0.7 percent at 3,827.22 points, while the
European stocks fell on Thursday as carmaker shares came under pressure after the United States launched an investigation into auto imports, while Deutsche Bank dropped after announcing thousands of job cuts. The STOXX 600 index fell 0.5 percent to an 8-d
Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover. Investors continued to stay on the sidelines as they wait
Indonesian stocks jumped 2.7 percent on Thursday, the most since August 2016, while Malaysian shares fell for a fourth straight session as a widening probe over corruption linked to the previous government and continued capital outflows weighed on investo
President Donald Trump's decision to cancel a summit with North Korean leader Kim Jong Un weighed on British shares in afternoon trading, while gains in sterling prompted by better retail sales data also bruised the internationally-exposed FTSE 100. The b
Canada has blocked Chinese state-owned CCCC's acquisition of construction firm Aecon Group, citing on Thursday national security concerns in a decision widely expected to create a rift between Ottawa and Beijing. China Communications Construction Company
British retail sales jumped last month by the most in one-and-a-half years, official figures showed on Thursday, suggesting the economy was recovering from a snowy start to the year. The Bank of England is waiting for signs of recovery before it raises in
Companies made a last-minute rush Thursday to comply with new European Union data protection laws that Brussels says will protect consumers from being like "people naked in an aquarium". The EU's so-called General Data Protection Regulation takes effect o
The EU on Thursday settled a high-stakes anti-trust case against Gazprom, the Kremlin-backed energy giant, over claims it abused its dominant positon as a gas provider in eastern Europe member states. With the deal Gazprom avoids billions in fines and off
Australia's Westpac Banking Corp was cleared by a court of accusations it rigged a key rate to boost profit, but the win on Thursday against a regulator was dampened by an additional finding of unconscionable conduct by the bank. The mostly favourable rul
The US ramped up sanctions on Iran Thursday, targeting several airlines it said were linked to the country's Islamic Revolutionary Guard Corps (IRGC). The US Treasury placed on its blacklist nine individuals and entities in Iran and Turkey for obtaining a
Germany's largest lender Deutsche Bank said Thursday it will slash over 7,000 jobs globally and dramatically scale back its investment banking activities as it seeks to turn the page on years of losses. The announcement fell on the same day as the bank's
US home sales tumbled in April as an acute shortage of properties limited choices for potential buyers, the latest sign that the housing market was struggling to regain momentum. While other data on Thursday showed an increase in the number of Americans f
France will plough 65 million euros ($76 million) into startups in Africa, President Emmanuel Macron announced Thursday at a technology conference in Paris. Macron made the announcement at the third edition of the VivaTech trade fair, which brings togethe
The European Union and German automakers reacted with dismay Thursday after the US said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.
Real Madrid fans have returned 1,000 tickets for Saturday's Champions League final against Liverpool as spiralling accommodation and travel costs deter supporters from travelling to Kiev. UEFA president Aleksander Ceferin said the tickets could not be res
Two-time Wimbledon champion Petra Kvitova rejoiced Thursday after a man who allegedly attacked her with a knife in 2016 was taken into custody but her spokesman said the case was not yet over. "Naturally this is good news for Petra Kvitova, but the whole
India captain Virat Kohli on Thursday pulled out of a month long stint with English county Surrey because of a neck injury and is now in a race to be ready for his country's tour of England. The key 29-year-old batsman will undergo rehabilitation that wil
Three-time champion Serena Williams will face Kristyna Pliskova of the Czech Republic in the French Open first round after the draw was made on Thursday with a potential clash against bitter rival Maria Sharapova in the last 16. Former world number one Wi
Dual international Ed Joyce on Thursday announced his retirement from all forms of cricket less than a fortnight after realising his dream of playing a Test for Ireland. The 39-year-old was one of the 11 men who made history against Pakistan in Malahide e