Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 15, 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
Most Middle Eastern stock markets were firm on Thursday while Egypt rose sharply in active trade on buying of blue chips that was encouraged by strength in emerging markets, generally due to optimism over the Sino-US trade dispute. The Egyptian blue-chip
Indian shares edged higher in lacklustre trade on Thursday as weak crude oil prices kept investor sentiment upbeat, cushioning the blow from Yes Bank Ltd's plunge after the private-sector lender's chairman stepped down. Global oil prices have lost around
US stocks struggled on Thursday as an attempt by technology companies to rebound from this week's sharp losses was outweighed by a batch of weak results and Brexit-related concerns. Department store operator J.C. Penney Co Inc lowered its sales outlook ah
Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Represen
US Treasury yields fell on Wednesday, as investors fretted about renewed weakness on Wall Street, which could signal much deeper problems in the world's largest economy. US 30-year, 10-year, and two-year yields dropped to two-week lows. Yields rallied ear
US Treasury yields fell on Wednesday, as investors fretted about renewed weakness on Wall Street, which could signal much deeper problems in the world's largest economy. US 30-year, 10-year, and two-year yields dropped to two-week lows. Yields rallied ear
China shares jumped on Thursday after Beijing delivered a written response to US trade demands, raising hopes for new negotiations between the countries, and as financial and securities companies benefited from policy support for markets.
Japan's Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in US financial shares. Selling in large market cap stocks such as SoftBank and Fanuc and underperformance in Apple suppliers also hurt the broa
European shares reversed early morning gains and fell to two-week lows on Thursday in a broad-based selloff as British Prime Minister Theresa May's government was plunged into crisis over Brexit. The resignation of ministers including Brexit Secretary Dom
Most Southeast Asian stock markets rose on Thursday, in line with broader Asia on signs China and the United States may be taking steps to de-escalate their bitter trade dispute. US government sources told Reuters on Wednesday that China had sent a respon
British shares suffered and sterling tumbled on Thursday as the growing risk of a disorderly divorce from the European Union spooked investors, with leading index the FTSE 100 moving for most of the day in rare lockstep with the domestic currency. The FTS
US regulators Thursday ordered sharp restrictions on sales of e-cigarettes, as national data showed a 78 percent single-year surge in vaping among young people, with two-thirds using fruit and candy-flavored products. The proposed regulations announced by
Global retail giant Walmart is more upbeat about earnings for the year, despite tamping down expectations just a month ago, after posting sales growth across all its business lines and most regions on Thursday. The company has been buffeted by investments
Global retail giant Walmart is more upbeat about earnings for the year, despite tamping down expectations just a month ago, after posting sales growth across all its business lines and most regions on Thursday. The company has been buffeted by investments
China's new home prices accelerated in October, led by gains in smaller cities, suggesting a key driver of the country's economic growth remained intact despite slower investment and increasing economic headwinds. Average new home prices in China's 70 maj
China has delivered a written response to US demands for wide-ranging trade reforms, three US government sources said on Wednesday, a move that could trigger more formal negotiations to resolve a withering trade war between the world's top economies. US P
US retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, but data for the prior two months was revised lower and the underlying trend suggested that consumer spending was probably slowing down.
Emirates Airline on Thursday posted an 86 percent drop in half-year profits as the Middle East's leading carrier was hit by a hike in oil prices and currency devaluations. The Dubai-based airline in a statement its net profit in the six months to Septembe
Emirates Airline on Thursday posted an 86 percent drop in half-year profits as the Middle East's leading carrier was hit by a hike in oil prices and currency devaluations. The Dubai-based airline in a statement its net profit in the six months to Septembe
French President Emmanuel Macron arrived in Morocco on Thursday to take part in the inauguration of a high-speed railway line that boasts the fastest journey times in Africa or the Arab world. The French leader, who was invited by King Mohammed VI, will a
Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth time this year. Bank Indonesia surprised analysts as it raised the key lending rate by 25 basis point
The Pentagon on Wednesday announced it had awarded Lockheed Martin a $22.7 billion contract for 255 F-35 fighter jets. Of the aircraft, 106 are destined for the US military: 64 F-35As for the Air Force, 26 F-35Bs for the Marines, and 16 F-35Cs for the Nav
The German government will ease air pollution law so as to spare cities that only slightly exceed limits on harmful nitrogen dioxide (NO2) from diesel vehicle bans, ministers agreed Thursday, sparking sharp criticism by environmentalists. Major cities lik
The head of Iran's football federation will retain his position following legal confusion over his retirement and the Asian Football Federation threatening to sanction Iran over government interference, the semi-official news agency ISNA reported on Thurs
Zimbabwe's Brendan Taylor fought valiantly with his second century of the Test but Bangladesh won the final match by 218 runs to end the series at 1-1 on Thursday. Needing a mammoth 443 to win, Zimbabwe were bowled out for 224 in the second session on the
Former France international Franck Ribery on Thursday issued a public apology to French television pundit Patrick Guillou, who he reportedly insulted and assaulted following Bayern Munich's away defeat to Borussia Dortmund at the weekend. "I had a meeting
The Pepsi-PCB U-16 Cricket Stars Pentangular Tournament 2018-19 is scheduled to get underway from November 19 in Faisalabad. The five participating teams i.e. Punjab, KPK, Balochistan, Sindh, and Federal Capital would feature in four matches each. The top
Pakistan Super League's leading franchise in terms of brand value, Peshawar Zalmi has just included another corporate giant to its team. Mr. Li Da Peng is one of the best corporate gurus in China. Mr. Li Da Peng, is an experienced professional, is going t
Pakistan skipper Sarfraz Ahmed is confident leg-spinner Yasir Shah and medium pacer Mohammad Abbas can combine to tame "tough" New Zealand in the first Test starting in Abu Dhabi Friday. The fast-rising Abbas took 17 wickets in a two-match Test series, in
Roshen Silva hit a stubborn 85 to guide Sri Lanka to a 46-run first innings lead over England in the second Test on Thursday. The hosts, down 1-0 in the three-match series, were bowled out for 336 in reply to England's 290. England's Rory Burns and tail-e
Disgraced Australian stars Steve Smith and David Warner will make a comeback in next year's Indian Premier League Twenty20 tournament, their franchises announced Thursday. Both Smith and Warner were barred from participating in the lucrative league this s
India captain Virat Kohli said Thursday he wants a sledge-free tour of Australia but is ready to fight fire with fire on the landmark series. India leave Friday for Australia where they have never won a Test series and feel boosted by the one year bans be
The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, but gains were capped by concerns over whether that plan will win parliamentary approval.
The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain's Brexit deal with the European Union was plunged into uncertainty, spooking investors across currency markets. The resignation of a series of British ministers in oppo
The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months. Traders flocked into the perceived safety of the do
The euro and sterling gained on Wednesday as British Prime Minister Theresa May obtained backing from her cabinet on her Brexit deal, which she now has to convince parliament to approve. "The collective decision of cabinet was that the government should a
The Australian dollar popped higher on Thursday after jobs data proved far stronger than expected, pushing up bond yields and perhaps bringing closer the day when official interest rates might rise. The Aussie dollar added 0.5 percent to $0.7274 and put s
Asian currencies firmed on Thursday on news that China has delivered a written response to US trade demands, raising hopes the two sides will begin negotiations to bring an end to their trade war. The Korean won led gainers after Reuters reported China ha
Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled. The pound fell 1.8 percent and was set for its biggest drop
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,614. The traded value of Metals, Energy and COTS/FX was recorded at PKR 18.534 billion and the number of lots traded 19,113. Major business was contributed by WTI crude
The US natural gas front-month futures contract jumped 6 percent on Tuesday, bringing it close to a four-year high, which caused futures for calendar 2019 to rise to a near 22-month high: Calendar 2019 jumped over $3/mmBtu, its highest since mid January 2
The Karachi Port handled 141,777 tonnes of cargo comprising 102,570 tonnes of import cargo and 39,207 tonnes of export cargo including 7,580 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of
Steadier trend was seen on the local market on Thursday as some leading buyers made buying of fine quality to replenish their stock, dealers said. The official spot rate was unchanged at Rs 8,800, they added. Prices of seed cotton in Sindh were at Rs 3000
Low activity was witnessed on a subdued cotton market on Thursday. Domestic textile mills are not doing well. However, mills producing finer textile had earlier booked a good quantity of imported cotton which is thus pressurizing the domestic cotton price
Low activity was witnessed on a subdued cotton market on Thursday. Domestic textile mills are not doing well. However, mills producing finer textile had earlier booked a good quantity of imported cotton which is thus pressurizing the domestic cotton price
European wheat fell on Wednesday for the second day in succession pressured by falling US futures markets and the strength of the euro against the dollar, making EU wheat less competitive on world markets. Benchmark December milling wheat on the Paris-bas
Zinc rallied on Thursday, supported by sliding stockpiles and signs China may be taking steps to de-escalate its trade dispute with the United States. London Metal Exchange (LME) zinc stocks fell to a decade low of 125,400 tonnes, data showed, while on wa
If Opec thought the 26 percent drop in oil prices since October might rein in US shale production like the last sharp drop did four years ago, it might have to think again. US shale firms are more profitable than ever after a strong third quarter, accordi
Oil futures rose on Thursday, steadying after this week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year. Prices have also been supported by the Organization of the Pet
The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract, for April delivery, had fallen 1.2 yen, or 0.8 percent, to 158.6 yen per kg by 0052 GMT on Thursday. TOCOM's technically specified rubber (TSR) 20 futures contract for May delivery was down 0
Malaysian palm oil futures snapped a seven-day losing streak on Thursday to rebound from their lowest level in more than three-years as gains in rival soyaoil sparked off bargain buying. The benchmark palm oil contract for January delivery on the Bursa Ma
Consultancy Strategie Grains increased its estimate for this year's grain maize harvest in the European Union for the second consecutive month on Thursday and now expects it to be larger than last year's crop. The EU's grain maize production in 2018 is no
Raw sugar futures rose on Thursday as the market regained some ground after the previous session's fall to a six-week low while London cocoa was lifted by weakness in sterling. March raw sugar rose 0.20 cent, or 1.6 percent, to 12.85 cents per lb by 1455
Gold rose 1 percent in New York trade on Wednesday, helped by a slight retreat in the dollar following a rally and as some investors covered their short positions after the metal held the key $1,200 level.
Gold prices edged higher in Asian trade on Thursday as the dollar weakened against the pound and euro after the British cabinet approved the prime minister's draft Brexit plan. Both spot gold and US gold futures were up 0.1 percent, at $1,212.21 and $1,21
Gold scaled a near one-week peak on Thursday as investors sought cover from market turmoil after Britain's long-awaited draft agreement to leave the European Union was thrown into chaos, helping the metal hold its ground against a rising dollar.
Sugar and ethanol producers in Brazil have reduced their debt to the lowest level in five years as a result of sharp cost cuts and almost no investments in cane processing capacity, investment bank Itaú BBA said on Tuesday.
Gold scaled a near one-week peak on Thursday as investors sought cover from market turmoil after Britain's long-awaited draft agreement to leave the European Union was thrown into chaos, helping the metal hold its ground against a rising dollar.
Facebook said Thursday it was severing ties with a political consultancy that sought to discredit critics of the social networking giant using questionable campaign-style tactics. The California-based company's announcement followed a lengthy New York Tim
Protests, broken windows and dignitaries forced to flee by helicopter - Thailand's last stint as host of Southeast Asia's biggest summit was devoured by political chaos. But as the chairmanship of the Association of Southeast Asian Nations (ASEAN) passed
The United Nations on Thursday launched what it called a "global first" to harness private-sector funding and expertise to help tackle humanitarian crises around the world. The Nigeria Humanitarian Fund Private Sector Initiative (NHF PSI) has been set up
Sri Lanka's political crisis descended into farce Thursday with MPs throwing punches and projectiles in parliament, a day after voting the disputed prime minister out of office and leaving the country without a government.
Seven peacekeepers were killed and 10 others were wounded during a joint military operation with troops from the Democratic Republic of Congo against rebels in the east of the country, a UN spokesman said Thursday. Another UN peacekeeper is missing from t
Kuwait on Thursday halted flights at its international airport after heavy rains flooded the Gulf state's capital, diverting incoming flights to neighbouring countries not affected by deadly storms. "Rains overnight Wednesday submerged main passages at th
Yemen's president has supported a UN push for fresh talks to end almost four years of fighting in his war-torn country, but analysts warn even a diplomatic breakthrough may not spare the port city of Hodeida from fresh military action.
Russia and Japan have agreed to accelerate talks to formally end World War II hostilities, using a Soviet-era peace declaration as their starting point and throwing into doubt the fate of four disputed islands. The two countries are still technically at w
Bollywood superstars Deepika Padukone and Ranveer Singh have tied the knot in Italy, Indian media reported Thursday. The celebrity couple got married in a private ceremony at Lake Como on Wednesday, according to the Press Trust of India news agency. The p
Denmark said Thursday it would create an international research centre focused on the fight against resistance to antibiotics, a scourge affecting almost half a million people worldwide. Danish Health Minister Ellen Trane Norby signed a memorandum of unde
A bid by Washington to use an upcoming Apec summit to pillory the World Trade Organization has left member states deeply divided on the eve of leaders' arrivals. The United States insistence that members of Apec agree to publicly criticise the WTO - sayin
Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal on Thursday directed complaint verification of non-functioning of 600 surveillance cameras of safe city from out of a total of 1800 cameras installed in the federal capital.
The World Bank has committed a total of $ 7.636 billion loans to Pakistan for various development projects and disbursed $ 2.41 billion so far, say the documents presented in a meeting of the Senate Standing Committee on Planning, Development and Reforms,
Foreign Minister Shah Mehmood Qureshi Thursday left for the United Arab Emirates to attend the 9th Sir Bani Yas Forum. The forum, organized by the UAE Ministry of Foreign Affairs.
Haroon Sharif is a distinguished economist whose career took him from private sector to public sector, then to the international development institutions, and now back to government. Roughly two months ago, Mr. Sharif was appointed in Prime Minister Imran
Haroon Sharif is a distinguished economist whose career took him from private sector to public sector, then to the international development institutions, and now back to government. Roughly two months ago, Mr. Sharif was appointed in Prime Minister Imran
Peshawar High Court (PHC) has issued pre-admission notices to the office of Prime Minister, secretary Establishment Division, secretary law, chairman Federal Public Service Commission, chairman National Accountability Bureau, director general Federal Inve
A decline of 51 percent in foreign direct investment (FDI) from China is responsible for 39 percent of FDI's cumulative contraction of 46.6 percent during July-October 2019 over the same period a year before. FDI from China declined to $334.9 million in t
Former Chairman Senate Raza Rabbani on Thursday said that after the 18th amendment, the offices of both president and governors have only ceremonial roles and President Dr Arif Alvi violated the Constitution by holding the Governors' Conference without th
Lieutenant General Sadiq Ali, HI(M), Chairman POF Board inaugurated a Futsal in Sector-14 in which Basketball, Volleyball & Football playing facilities are available. Begum Chairman POF Board also inaugurated a park adjacent to this Futsal. A Reading Room
National Institute of Cardiovascular Diseases (NICVD) celebrated World Diabetes Day on November 14, 2018 and organized a "Free Screening Camp". Hundreds of people included women were screened for Blood Glucose, Uric Acid, Blood Pressure and BMI as well. P
"All necessary security and administrative arrangements have been finalised to celebrate the Eid Milad-un-Nabi (PBUH) in a befitting manner during the peaceful environment." This was disclosed by Divisional Commissioner Asif Iqbal Ch while addressing the
Mutahida Majlis-e-Amal (MMA) President Maulana Fazlur Rehman has said that the world colonialism and rulers could not pull out the love of holy Prophet (PBUH) from the hearts of Muslims. While addressing a Tahafuz-e-Namoos-e-Risalat million march on Thurs
Citi Foundation (Citi) in partnership with the British Asian Trust and the LUMS National Incubation Centre (NIC) Lahore hosted a graduation ceremony for 61 young entrepreneurs from disadvantaged urban areas whose businesses were incubated as part of this
Pakistan Steel Melters Association, the largest revenue generating industry of the country, has stated that it cannot sustain sales tax @ Rs 13 per electricity units consumed and more than 100 steel melting furnaces and re-rolling mills of Gujranwala and
While the ruling PTI government is all set to complete its 100 days in power this month, the Pakistan Muslim League Nawaz (PML-N) has decided to issue white paper to highlight failures of the PTI government. The PML-N would highlight hike in electricity a
Lahore Electric Supply Company (LESCO) Chief Executive Mujahid Pervaiz Chatta has dispelled the impression of any pressure in transfer of company officials. "No negative tactic has been used and I would not let it happen ever," he added. It may be noted t