Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 29, 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
Highly-indebted Lebanon has exceeded its budget for 2018 and authorities are taking steps to make sure the state can continue to fund itself as politicians struggle to form a new government, the caretaker finance minister said on Wednesday. More than six
The Netherlands said it will tighten rules on tax breaks for foreign firms after facing criticism from the EU for offering complicated schemes for multinationals. Dutch authorities said they were cracking down on "letter box firms" with a Dutch address wh
French consumer confidence fell in November to its lowest level since February 2015, according to data from the official statistics agency INSEE, another sign of sluggishness in the euro zone's second-biggest economy. The November reading for consumer con
Italy's demographic time bomb ticked a little louder Wednesday, as the national institute of statistics reported that the country's birth rate dropped again in 2017. Just over 458,000 births were registered last year, down 15,000 on 2016 in what is the se
Automakers Renault, Nissan and Mitsubishi reaffirmed their committment to their alliance on Thursday as company leaders held their first meeting since the shock arrest of boss Carlos Ghosn. "We remain fully committed to the Alliance," the three firms said
German regulators on Thursday opened a probe into whether e-commerce giant Amazon was abusing its dominant position to obstruct competition from rival sellers on its online platform. The Federal Cartel Office said it would look closely at Amazon's busines
Indonesia's Go-Jek launched a trial version of its ride-hailing taxi app in Singapore Thursday, ahead of a full entry planned early next year as it aims to take on market leader Grab. Go-Jek is in the middle of a $500 million expansion plan beyond its Ind
Portugal's parliament on Thursday approved a budget plan that includes tax breaks for returning emigrants in a bid to lure back those who left during the global financial crisis that hit the country hard. The expansionary 2019 budget, backed by a left-win
Digital giants led by Google, Facebook and Amazon have warned Australia against passing a "fundamentally flawed" law allowing security services to spy on encrypted communications among suspected criminals and terrorists. In a submission sent to parliament
Unilever chief Paul Polman is to retire after a decade at the helm of the consumer giant, the firm said Thursday, after a failed plan to move the firm's headquarters from London to the Netherlands. The Anglo-Dutch maker of iconic brands like Marmite and D
A self-styled British trader who conned financial experts and some of his closest friends out of millions of pounds in a nine-year investment scam was sentenced to five years in jail by a London court on Thursday. Mark Starling, 57, pleaded guilty to frau
British consumers' confidence fell to its lowest level in almost a year as their view of the economic outlook for the next 12 months sank to its weakest since shortly after 2016's Brexit vote, a survey showed on Thursday. The GfK consumer sentiment index
Sri Lanka penned two multi-million dollar contracts with Chinese firms for a port upgrade project on Thursday in the middle of a political hiatus that has raised doubts over the legitimacy of the government and the legality of the deals. The debt-saddled
US consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve posting its smallest annual increase since February.
Sweden's economy suffered its first contraction in five years in the last quarter, data published Thursday showed, as tax changes hit consumer spending. The 0.2 percent contraction in seasonally adjusted terms from the second quarter came as a surprise fo
Several thousand people took the streets of Burkina Faso's capital Ouagadougou on Thursday as workers downed tools in a nationwide strike over higher fuel prices. Petrol and diesel prices have shot up 12 percent over the past three weeks, sparking a wave
Standard & Poor's on Thursday expressed concern that China's sovereign rating could face pressure if policymakers revert to rapid credit growth to shield the economy from the impact of a trade war with the United States. The row between the world's two la
German chemical and pharmaceutical giant Bayer said Thursday it would slash 12,000 jobs in a major restructuring following the mammoth takeover of Monsanto, enabling it to save 2.6 billion euros ($3 billion) a year from 2022. The planned job cuts will aff
Inflation in Europe's top economy Germany dropped back in November but remained above the European Central Bank's target of just under two percent for a seventh month. Prices rose 2.3 percent year-on-year, preliminary data from federal statistics authorit
Joblessness in Germany fell to a new historic low in November, official data showed Thursday, as employers shrugged off a darkening economic outlook to keep hiring. Just 5.0 percent of workers were unemployed this month, according to seasonally-adjusted f
Bangladesh will be looking for a rare Test series win when they take on the West Indies in the second and final Test at the Sher-e-Bangla National Stadium in Dhaka on Friday. The home side lead the two-match series 1-0 thanks to their 64-run win the first
The first National Ability Sports Festival proved to be an effective platform in bringing together over 500 disabled sportspeople across Pakistan to showcase their sporting talent at the Islamia College Peshawar on Wednesday and Thursday. Organized by the
Abbottabad defeated Gujranwala by 85 runs in the ongoing Pakistan Petroleum Ltd Blind Cricket Trophy being played here at Arbab Niaz Cricket Stadium on Thursday. Gujranwala won the toss and decided to bowl first. Abbottabad openers, Matiullah and Kamran A
India cricket star Mithali Raj said Thursday she was "deeply saddened" by accusations that she threw tantrums and threatened to quit before being controversially dropped during the Twenty20 World Cup. Raj, the highest run scorer in the women's internation
Ali Khan Tareen, son of the Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen Thursday said he would bid for the sixth franchise of the Pakistan Super League (PSL), previously known as the Multan Sultans. Talking to a private TV channel, Ali Tareen sa
Senegal replaced Tunisia as the highest ranked African national team when the monthly statistics were released by FIFA Thursday. The Senegalese rose from second place on the back of a 2019 Africa Cup of Nations qualifying victory in Equatorial Guinea duri
The Irish sport of hurling - often described as "the fastest game on grass" - was granted UNESCO special status on Thursday, adding it to the register of "Intangible Cultural Heritage of Humanity". "I am delighted that hurling has achieved international r
The national selection committee headed by Inzamam ul Haq has announced the 15-member squad for 'Emerging Teams Asia Cup 2018 commencing from December 6, 2018, in Karachi and Colombo. Muhammad Rizwan has been named captain of the team, whereas Pakistan wi
Barcelona overcame PSV Eindhoven 2-1 on Wednesday to finish top of their Champions League group with one round remaining thanks to a Lionel Messi goal and assist. Messi and Gerard Pique scored to claim the La Liga outfit's first win since November 3 acros
Liverpool manager Jurgen Klopp hit out at the referee and Neymar as his side slumped to a 2-1 defeat to Paris Saint-Germain on Wednesday that leaves last season's runners-up dangerously close to an early Champions League exit.
The first Chairman WAPDA Golf Tournament will get underway here at Defence Raya Golf & Country Club on Friday (today). Federal Minister for Energy Omer Ayub Khan will be chief guest at the opening ceremony of the tournament.
Aston Villa's Tammy Abraham scored four goals but former Villa striker Lewis Grabban scored a late equaliser as 10-man Nottingham Forest snatched an incredible 5-5 draw in the Championship on Wednesday. The 30-year-old Grabban scored eight times in 15 app
Former Australian captain Michael Clarke has angrily rejected suggestions he helped create a culture that led to the ball-tampering scandal, slamming a leading broadcaster as a "headline-chasing coward".
Abu Dhabi's stock market fell sharply to a four-month low on Thursday because of a slide in shares of First Abu Dhabi Bank, the United Arab Emirates' largest lender, just before MSCI doubled its weighting of the stock in its indexes.
US stocks dipped in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on edge. President Donald Trump sent conflicting signals on a potential t
Federal Reserve Chair Jerome Powell boosted US stock markets on Wednesday when he said the policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy economy, comments that many took as signalling the Fed's three-year ti
Indian shares ended higher by more than 1 percent on Thursday, as dovish comments from the US Federal Reserve chairman boosted investor sentiment. The broader NSE index closed 1.21 percent higher at 10,858.70, while the benchmark BSE index ended up 1.27 p
Yields on shorter-dated US government bonds fell on Wednesday afternoon, steepening the yield curve, after Federal Reserve Chair Jerome Powell delivered a speech in which he signaled that an end to the bank's interest-rate hike cycle may be closer than pr
Yields on shorter-dated US government bonds fell on Wednesday afternoon, steepening the yield curve, after Federal Reserve Chair Jerome Powell delivered a speech in which he signaled that an end to the bank's interest-rate hike cycle may be closer than pr
China's stock markets fell on Thursday as fragile investor sentiment shattered earlier gains, and as trading volumes remained lighter than average ahead of a widely anticipated meeting between the US and Chinese presidents this weekend. At the close, the
Tokyo stocks closed higher for a fifth day on Thursday, extending rallies on Wall Street that toasted a speech by Federal Reserve boss Jerome Powell hinting at a slower pace of rate hikes. The benchmark Nikkei 225 index added 0.39 percent, or 85.58 points
European shares inched up on Thursday as dovish comments from Federal Reserve Chairman Jerome Powell helped offset uncertainty over a possible escalation in the US/China trade dispute. The STOXX 600 rose as much as 0.8 percent. The pan-European index late
Indonesian shares jumped the most in about five months on Thursday as comments by US Federal Reserve Chair Jerome Powell buoyed investor sentiment toward riskier assets, while Philippine stocks pulled back from a near 11-week top to close slightly lower.
UK shares jumped almost 1 percent on Thursday as Wall Street's rally spread across Europe after the Federal Reserve chairman suggested it may be nearing an end to its tightening cycle, boosting investor appetite for assets considered riskier. The FTSE 100
The dollar weakened against its peers on Thursday after Federal Reserve Chairman Jerome Powell said US interest rates were just below neutral, taken by many investors as a tip that the rate hike cycle was nearing its end. Powell's dovish remarks took the
The dollar recovered against its rivals on Thursday as caution before a G20 meeting prompted investors to buy back the currency after comments by the Federal Reserve chief were seen as a sign that a rising trend in US rates may be coming to a close.
The greenback gained slightly on Thursday as investors continued to digest comments from Federal Reserve Chairman Jerome Powell on Wednesday that took a more dovish turn than expected and sent the dollar tumbling. Powell said that the central bank's polic
The dollar tumbled from two-week highs on Wednesday after Federal Reserve Chairman Jerome Powell said that interest rates are just below neutral, raising expectations that the US central bank is closer to the end of its rate hike cycle. Powell said the po
The Australian and New Zealand dollars held hefty gains on Thursday as investors toyed with the idea of an early end to US rate hikes, a radical development that would likely be bullish for risk assets, emerging markets and commodities.
Most Asian currencies firmed on Thursday as dollar extended its overnight losses following US Federal Reserve Chairman Jerome Powell's dovish remarks that interest rates were just below neutral. Powell's view represents a significant departure from commen
The Sri Lankan rupee closed marginally weaker on Thursday as investors dumped rupee-denominated assets on a credit rating downgrade and a delay in an IMF loan discussion in the wake of a political crisis. The rupee hit a record low of 180.85 per dollar on