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
Celebrating the German Unity Day is a happy occasion. It is a privilege and pleasure for me to address you in its version of the year 2018, celebrated in Pakistan. Much has happened since 28 years ago, on the 3rd of October 1990, Germany peacefully reunit
Germany has been reunited in democracy and freedom for 28 years. It is now almost three decades since the political division imposed by the Cold War was overcome. Courageous citizens in East Germany were instrumental in bringing about the fall of the Wall
England all-rounder Sam Curran won the Cricket Writers' Club young cricketer of the year award on Tuesday while his Surrey teammate Rory Burns was named County Championship player of the year. Curran, 20, made his Test debut against Pakistan in June and e
Barcelona have left the door open to buying a player in January despite not including mid-season signings in the club's budget announced on Tuesday. Barca announced record revenues of 914 million euros for last season, with a net profit of 13 million euro
Naomi Osaka is the reigning US Open champion, the first Japanese to win a Grand Slam singles title and a fast-rising star of tennis - but do not call her cool. Osaka bolstered her growing fame as she thrashed unseeded American Danielle Collins 6-1, 6-0 in
Although Pakistan socca football team failed to make its presence felt in the recently concluded International Socca Federation (ISF) World Cup in Lisbon, but the team from South Asia impressed the jury and received 'Fair Play' award in the inaugural tour
The inaugural Shangrila Scrabble Champions Trophy will be played at Arts & Science Academy from October 5 to 7, 2018. According to announcement made by Pakistan Scrabble Association, the Shangrila Champions Trophy is an invitation-only tournament comprisi
Australia's football governing body voted for wide-ranging reforms Tuesday against the wishes of its outgoing chairman, ending a long-running battle that saw FIFA threaten to take over the federation. Football Federation Australia's 10-member Congress - n
Australia's second spinner, Jon Holland, grabbed five wickets in the drawn four-day match in Dubai on Tuesday, sending a warning to Pakistan for the two-match Test series. Pakistan 'A,' who had been facing an innings defeat, salvaged a draw by reaching th
Chicago Board of Trade (CBOT) soyabeans futures touched a 5-1/2-week high on Monday in a relief rally after the United States, Mexico and Canada said they have reached a trilateral deal to replace NAFTA. The United States and Canada forged a last-gasp dea
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,543. The traded value of Metals, Energy and COTS/FX was recorded at 5.517 billion and the number of lots traded was 8,763.
ICE Canadian canola futures dipped on Monday, pressured by a stronger Canadian dollar. November canola lost $2.70 at $494.60 per tonne. The November-January canola spread traded 5,584 times. Chicago November soyabeans rose as a revamped North America trad
Russian wheat export prices ended higher for the third week in a row, supported by a strengthening of the rouble against the dollar thanks to high oil prices, analysts said on Monday. Strong local currency along with tougher quality controls at ports foll
Chicago Board of Trade (CBOT) corn futures posted their strongest rally in six months on Monday after the United States, Mexico and Canada said they had reached a trilateral deal to replace NAFTA. The United States and Canada forged a last-gasp deal on Su
European wheat edged lower on Monday as it continued to factor in a bearish US government report released late Friday, and was pressured by talk French wheat could face competition from cheap Russian origins on its key Algerian market. Benchmark December
The Karachi Port handled 75,073 tonnes of cargo comprising 46,786 tonnes of import cargo and 28,287 tonnes of export cargo including 2,272 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 46,
Seed cotton prices were down on the cotton market on Tuesday in the process of moderate trading, dealers said. The official spot rate maintained overnight level at Rs 7650, they added. Prices of seed cotton in Sindh were down by Rs 100 to Rs 3500-3600, in
Tunisia's state grains agency has issued an international tender to purchase 50,000 tonnes of durum wheat, 75,000 tonnes of soft wheat and 50,000 tonnes of feed barley, European traders said on Tuesday. The tender closes on Oct. 3 they said. The office in
Chicago Board of Trade (CBOT) wheat futures firmed on Monday after the United States, Mexico and Canada said they have reached a trilateral deal to replace NAFTA. The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilate
Iran's rial rose on Tuesday as authorities in Tehran sold US dollars and clamped down on unofficial foreign exchange trade in a drive to rescue the currency from record lows hit because of US economic sanctions, traders said. The rial traded at 147,000 to
The dollar retained gains against a basket of currencies on Tuesday while slipping off a more than 10-month peak against the yen as the boost to risk appetites from the US-Canada trade deal to replace the North American Free Trade Agreement faded.
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy's ruling parties said most of the country's problems would be resolved if it readopted a national currency, triggering a broad market sell-off.
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy's ruling parties said most of the country's problems would be resolved if it readopted a national currency. Italy's coalition proposed a budget with a higher-than-expected
The euro dipped against the greenback on Monday on renewed concerns about Italy's budget, while the Canadian dollar gained after the United States and Canada reached a last-minute deal on Sunday to replace the North American Free Trade Agreement (NAFTA).
Turkey's lira weakened more than one percent on Tuesday as investors turned their attention to Wednesday's September inflation data and with negative sentiment in emerging markets exerting pressure on the currency. The lira has lost some 37 percent of its
The Indonesian rupiah fell to its weakest in more than 20 years and other emerging Asian currencies also slid on Tuesday as the dollar held its overnight gains rooted in the striking of a revised North American trade pact. Appetite for the dollar was unde
The pound slid to a three-week low on Tuesday as a conflict over UK Prime Minister Theresa May's Brexit plan escalated, with deep divisions on show at the ruling Conservative Party's conference. Sterling's fortunes are being driven by headlines about May'
Most Middle Eastern stock markets slipped on Tuesday as emerging markets slumped globally, although Abu Dhabi and Qatar rose marginally, boosted by banks and energy stocks. The Saudi Arabian index reversed early gains to end 0.7 percent lower, weighed dow
Australian shares closed at their lowest in more than three months on Tuesday as financial stocks extended losses following a scathing Royal Commission interim report on the scandal-hit sector. The S&P/ASX 200 index fell 0.8 percent to close the session a
Tokyo's benchmark Nikkei index rose for the third straight session to a fresh 27-year high on Tuesday on a cheap yen and advances on Wall Street. The key Nikkei 225 index, which had finished at its best level since November 1991 on Monday, added another 0
US stocks shrugged off a weak start to climb higher on Tuesday, as Intel boosted technology stocks and pushed the Dow Jones Industrial Average to a record high. Intel jumped 5.1 percent, but analysts could not find a new trigger, with some suggesting that
The Dow and S&P 500 began the fourth quarter on a positive note on Monday, after a last-minute deal to salvage NAFTA as a trilateral pact helped ease trade worries, although major indexes finished off their session highs.
The Toronto Stock Exchange's S&P/TSX rose 31.29 points, or 0.19 percent, to 16,104.43 on Monday. Leading the index were MEG Energy Corp, up 37.9 percent, Martinrea International Inc, up 10.5 percent, and Ivanhoe Mines Ltd, higher by 9.1 percent. Lagging s
Yields on US government bonds rose modestly on Monday, as risk assets rallied off the weekend announcement that the United States and Canada had reached a deal to save NAFTA as a trilateral pact with Mexico.
Yields on US government bonds rose modestly on Monday, as risk assets rallied off the weekend announcement that the United States and Canada had reached a deal to save NAFTA as a trilateral pact with Mexico.
Italy's 10-year bond yield soared to 4-1/2 year highs on Tuesday after a lawmaker said that most of the country's problems would be solved by ditching the euro, although reassuring comments from the government bought some calm to a jittery market. Claudio
Italy's 10-year bond yield soared to 4-1/2 year highs on Tuesday after a lawmaker said that most of the country's problems would be solved by ditching the euro, although reassuring comments from the government bought some calm to a jittery market. Claudio
Hong Kong's main Hang Seng index closed at a two-week low on Tuesday, dragged by financial and property stocks, while China's H-shares index fell most in more than three months amid signs of weakness in China's manufacturing sector. ** Traders said US Pre
European shares fell on Tuesday, failing to benefit from a more positive mood on Wall Street as anti-euro rhetoric from a senior Italian lawmaker spooked investors also concerned about the fate of Britain's negotiations to leave the EU. The benchmark STOX
The Colombo stock index fell 0.17 percent to 5,807.74, its lowest close since Dec. 13, 2013 on Tuesday. The bourse fell 3.6 percent last month and is down 8.8 percent so far this year. The Sri Lankan rupee closed marginally weaker on Tuesday, near a recor