Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 18, 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 International Ski Federation (FIS) on Thursday confirmed the season-opening World Cup event in Soelden is on, in spite of unusually high temperatures at the Austrian venue. "Positive snow control for Soelden," said a statement on the official FIS webs
The hockey teams of Peshawar Red and Mari Petroleum have qualified to hockey final as Peshawar Greens were outclassed by Peshawar Red by 6-3 in a touch competition that took place yesterday at Lala Ayub Hockey Stadium. The squash legend, Qamar Zaman was t
Sprint superstar Usain Bolt has turned down a contract from Maltese champions Valletta and will remain in Australia to pursue his dream of becoming a professional footballer, his agent said Thursday. The eight-time Olympic champion has been on trial with
World number one Simona Halep withdrew from the WTA Finals in Singapore with a back injury on Thursday, bringing her season to a premature end. The French Open champion pulled out of last month's China Open after just 31 minutes, and withdrew from this we
Barcelona midfielder Arturo Vidal has been hit with a 800,000 euros ($921,812) fine by a Munich court after being found guilty of assault during a nightclub fight last year. Munich district court fined the Chile international based on 80 days worth of wag
Three Nigerian football officials have been charged with fraud after allegedly diverting $9.5 million in FIFA grants for personal use, the country's anti-corruption unit said Thursday. Christopher Andekin, Jafaru Fadanari Mamza and Rajan Zaka allegedly co
Pakistan Deaf Sports Federation (PDSF) is organising the country's first-ever All Pakistan Deaf Football Tournament at Pakistan Sports Board, Sports Complex on Friday. Deafs' football teams from Islamabad, Punjab, Sindh and Khyber Pakhtunkhwa are taking p
The National selection committee headed by Inzamam ul Haq has selected 14-member one-day squad for Pakistan 'A' series against New Zealand 'A'. The three-match series will be played in Abu Dhabi on October 21, 24 and 26, 2018, respectively.
Pakistan selectors once again left out fast bowler Mohammad Amir from the country's 15-member squad set to square off against Australia during the three-match Twenty20 series starting next week. The 26-year-old went wicketless in three Asia Cup matches in
Afghanistan defied decades of conflict to join cricket's elite club of Test nations, but now they have added a dash of glamour with their inaugural Twenty20 league in the United Arab Emirates. Ten years after India's IPL changed the face of cricket with m
Former USA Gymnastics president Steve Penny, who resigned from his post last year, was arrested Wednesday in connection with the Larry Nassar molestation scandal, US media reported. The arrest came after Penny was indicted three weeks ago by a grand jury
England left-back Luke Shaw has ended speculation over his future by signing a new five-year deal with Manchester United, the club announced on Thursday. Shaw, 23, was in the final year of the deal he signed four years ago when joining from Southampton as
Pakistan grabbed an early wicket after Babar Azam struck a fluent 99 to edge closer to claiming a series victory over Australia in the second Test at Abu Dhabi on Thursday. Azam narrowly missed out on a hundred after an aggressive innings, while skipper S
Saudi Arabia's stock index traded very narrowly on Thursday as fears partially eased that the disappearance of Saudi journalist Jamal Khashoggi could damage the market by hurting foreign investment. US President Donald Trump said on Wednesday he did not w
US stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes. The market
Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before.
Australian shares eked out gains on Thursday as broader global sentiment was capped after US Federal Reserve minutes indicated broad agreement among members to continue raising rates. The spectre of rising US dollar yields, which along with global trade t
US Treasury yields were little changed on Wednesday as traders wait for the release of the Federal Reserve's minutes on its meeting last month when policy-makers agreed to raise key interest rates for a third time in 2018. Benchmark 10-year yield has been
US Treasury yields were little changed on Wednesday as traders wait for the release of the Federal Reserve's minutes on its meeting last month when policy-makers agreed to raise key interest rates for a third time in 2018. Benchmark 10-year yield has been
Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities. The Shanghai Composite index closed down
European shares swung back into the red on Thursday as fears of rising rates and disappointing earnings from US industrials dragged Wall Street down, while HeidelbergCement's profit warning sank European construction stocks. The euro zone's leading stocks
Hong Kong stocks clawed back to end flat, after early losses and on pressure from a tepid energy sector. However, risks from the mainland stocks continue to hang over the local market, limiting the room for rebound. The city's main Hang Seng index ended a
Most Southeast Asian stock markets closed lower on Thursday, in line with losses across broader Asia, while Philippine shares extended their gains to a third straight session. MSCI broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. Indo
Britain's top share index eased on Thursday as disappointing earnings hurt construction materials companies and consumer giant Unilever, while investors sought sectors seen as safe amid growing economic uncertainty. US equities also came under pressure as
Unilever saw underlying sales accelerate due partly to heatwave-driven ice cream consumption, the Anglo-Dutch consumer giant said Thursday, as it tries to recover from axing a move of its headquarters. The firm behind Ben and Jerry's and Magnum as well as
Two former Deutsche Bank traders were convicted of fraud on Wednesday for their roles in manipulating a benchmark interest rate, the US Justice Department announced. The convictions of Michael Connolly, 53, of New Jersey, and Gavin Campbell Black, 48, of
Japan's trade surplus with the United States shrank for the third consecutive month, according to official data published Thursday, as Tokyo nervously eyes Washington's trade war with China. The figures also showed an overall global trade surplus, but tha
Escalating trade wars "pose real risks" to the global economy, potentially threatening millions of jobs, head of the World Trade Organization (WTO) Roberto Azevedo warned in a London speech on Wednesday. US President Donald Trump is locked in a trade war
Australia's jobless rate unexpectedly dived to its lowest since 2012 last month, but the decline smacked more of statistical noise than a true signal of incipient inflationary pressures and rising interest rates. Figures from the Australian Bureau of Stat
A free-spending summer by British consumers came to an abrupt end last month with the biggest fall in sales in six months, raising questions about one of the main drivers of the economy ahead of Brexit, official figures showed.
China's new bank loans rebounded in September after dipping in the two previous months, central bank data showed, but overall credit conditions stayed tight in an economy chilled by an ongoing tariff war with the United States. Growth of outstanding total
Beijing is not a currency manipulator but China's exchange rate practices and the yuan's recent decline are of "particular concern," US Treasury Steven Mnuchin said Wednesday.
US sanctions targeting Russia's nascent high tech industry have caused a Russian microchip company significant financial woes and delayed the launch of an initiative meant to produce substitutes for Western products, the firm's owner said.
South Africa's retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa.
Car sales slumped across Europe in September, industry data published Wednesday showed, with the hangover from a sales binge before new emissions tests came into force knocking Volkswagen out of its traditional top spot in monthly sales.
The dollar was firmer against its major peers on Thursday after minutes from the US Federal Reserve's September meeting affirmed expectations that the central bank is likely to continue raising interest rates this year. The minutes from the Fed's Septembe
The dollar stepped back from a one-week high on Thursday as investors took profits after a rally this week encouraged by upbeat Fed minutes signaling more rate hikes in store. A pause in the greenback's rally boosted emerging market currencies led by the
The US dollar index traded near one-week highs on Thursday as Treasury yields edged higher, after minutes from the Federal Reserve's September meeting showed that Fed policy makers are largely united on the need to raise borrowing costs further. That came
The US dollar index rose to its highest levels in a week on Wednesday after minutes from the Federal Reserve's September meeting affirmed expectations that the US central bank is likely to continue raising interest rates. Every Fed policymaker backed rais
The Australian dollar got a fillip on Thursday as data showed the country's jobless rate fell to its lowest since 2012, though the detail was considered too mixed to bring forward the likely timing of any interest rate hike.
Asian currencies slipped against the dollar on Thursday as hawkish Federal Reserve minutes reinforced expectations for more rate hikes, heightening concerns about the widening interest rate spread between the United States and emerging markets. South Kore
The pound fell to intraday lows in late Thursday trade, as summit talks in Brussels failed to resolve a Brexit standoff between London and the EU over the status of the Irish border, an issue playing an increasingly dominant role in negotiations.
Asia's gasoline extended losses for the third day on Wednesday, nearing a 3-1/2 month low of $4.48 a barrel as supplies were seen ample. Singapore cash trades were unusually busy with 13 deals totalling 650,000 barrels of the fuel changing hands, the high
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,698. The traded value of Metals, Energy and COTS/FX was recorded at 13,567 billion and the number of lots traded 16,721. Major business was contributed by WTI crude oil
Benchmark northwest European gasoline refining margins edged slightly higher on Tuesday, but remained near their lowest in five years as heavy supplies weighed. Bloated Atlantic basin stocks are weighing on the gasoline complex. Traders are taking advanta
The Karachi Port handled 161,939 tonnes of cargo comprising 110,270 tonnes of import cargo and 51,669 tonnes of export cargo including 6,668 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of
Prices gained further ground on the cotton market on Thursday after the issuance of the Pakistan cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate was up by Rs 100 to Rs 8900, they added. Prices of seed cotton in S
ICE Canadian canola futures closed higher on Wednesday on a technical bounce after Tuesday's 1 percent decline, traders said. A softer Canadian dollar lent support. The currency weakened against its US counterpart as domestic data showed lower factory shi
Cotton prices have risen sharply since the beginning of this month by about Rs 1200 to Rs 1300 per maund (37.32 Kgs) in the ready market. Due to the devaluation of the Pakistani rupee obtaining currently at Rs 133 to Rs 134 against the American dollar and
Cotton prices have risen sharply since the beginning of this month by about Rs 1200 to Rs 1300 per maund (37.32 Kgs) in the ready market. Due to the devaluation of the Pakistani rupee obtaining currently at Rs 133 to Rs 134 against the American dollar and
Legendary Turkish photographer Ara Guler, famed for iconic images of Istanbul which captured almost three quarters of a century of the city's history, has died aged 90, state media said. Guler passed away after being rushed to hospital in Istanbul for eme
Israel's supreme court on Thursday overturned an entry ban imposed on a US student over past support for a pro-Palestinian boycott campaign, leading to her release after more than two weeks of detention. The three-judge panel upheld Lara Alqasem's appeal
European Union leaders warned Britain on Thursday they would offer no more concessions to break the deadlock in Brexit negotiations but expressed confidence that a deal can be done before the country leaves the bloc next March.
EU leaders on Thursday condemned the attempted hack on the global chemical weapons watchdog and vowed to step up the bloc's efforts to tackle cyber attacks. With concerns growing about the malign cyber activities of several countries around the world, not
Mexico deployed hundreds of riot police Thursday to its border with Guatemala as a caravan of Central American migrants prepared to cross on their way to the United States, defying President Donald Trump's threats.
An independent watchdog on Thursday told AFP it had seen weapons being transported from Russia to rebel-held areas of eastern Ukraine over the last week, contradicting Moscow's claim it is not arming separatists.