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 Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,110. The traded value of Metals, Energy and COTS/FX was recorded at PKR 13.736 billion and the numbers of lots traded were 13,640.
Chicago Board of Trade corn futures ended close to unchanged after a session of rangebound trade on Thursday, with the market waiting for the US Agriculture Department's updated harvest forecast next week, traders said. The benchmark CBOT December corn co
ICE Canadian canola futures rose for a fourth straight session on Thursday and hit a fresh three-month high, propelled by technical buying and fund short-covering as recent rain and snow delayed harvesting, traders said. Benchmark November canola futures
Ukraine has scrapped its formal cap on wheat exports in the July 2019 to June 2020 season, with the agriculture ministry instead monitoring market conditions on a monthly basis to ensure domestic supply is adequate. The ministry signed on Thursday its ann
CBOT wheat futures ended lower on Thursday after trading in positive territory for much of the session on support from a surprise export sale to China, traders said. The US Agriculture Department on Thursday reported a snap sale of 130,000 tonnes of US wh
Euronext wheat futures rose on Thursday to their highest level in almost two months, supported by a slight recovery in US prices and a favourable export context for French wheat.
US natural gas futures reversed course to turn positive on Thursday as forecasts for cooler weather this month drove expectations of increased demand for the fuel, offsetting a slightly bigger-than-expected storage build. Gas futures for November delivery
The Karachi Port handled 126,329 tonnes of cargo comprising 84,720 tonnes of import cargo and 41,609 tonnes of export cargo including 5,484 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Trade activity improved on the cotton market on Friday following the fears of short crop in the near future, dealers said. The official spot rate was unchanged at Rs 8700, they added. In ready session, about 12,000 bales of cotton changed hands between Rs
Asia's gasoline crack neared a two-week high of $9.71 a barrel on Thursday as supplies were tightening due to refinery maintenance and overall firm demand. Demand from Indonesia is expected to stay strong as state energy firm PT Pertamina needs to plug a
A parliamentary panel on Friday decided to interrogate Punjab Police in the killing and sexual assault of three children in Kasur (Punjab) recently, which created serious law and order situation in the district.
Senior lawyer and former Deputy Attorney General of Pakistan (DAGP) Mohammad Khurshid advocate has been passed away after protracted illness. Late Mohammad Khurshid advocate who was once a devoted jiyala for usually involvement in interesting matters like
The Higher Education Commission (HEC) and Huawei Technologies have decided to hold the 4th ICT Competition in Pakistan with an aim to promote the ICT industry's technology certification and develop a local ICT talent and ecosystem.
Foreign Office Friday defended awarding a task to a private designing company to upgrade its official website and denied any family linkages of Foreign Minister Shah Mehmood Qureshi with the company.
Federal Minister for Railways Shaikh Rashid Ahmed on Friday claimed to have doubled the freight train operation, besides increasing commuters up to 8 million in the last one year. Addressing a press conference flanked by Federal Minister for Water Resourc
Australian shares closed higher on Friday but registered their biggest losses in 11 months after a series of weak data and a new trade war front that has fanned fears of a global slowdown.
Japanese shares edged up on Friday after a sharp fall the previous day and ahead of key US job data, but financials came under pressure as a soft US service sector survey fanned growth worries and pulled Treasury yields lower. The benchmark Nikkei average
Wall Street jumped on Friday as moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fuelled concerns that the world's largest economy may be sliding into a recession.
Wall Street stocks climbed on Thursday after data showing US services-sector activity at a three-year low fuelled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.
Indian shares fell for a fifth straight session and closed over 1% lower on Friday after the central bank cut interest rates as expected in an effort to revive growth in Asia's third-largest economy.
Philippine stocks jumped over 2% on Friday, their best in nearly two months, as soft inflation data raised scopes for policy easing by the central bank, while most other Southeast Asian stock markets edged lower. The Philippine headline inflation rate of
European shares ended a tumultuous week on a high note on Friday as data showing modest US jobs growth lifted sentiment slightly, pushing a pan-region index to its best day in more than three weeks.
A sharp recovery in London's FTSE 100 led by oil majors BP and Shell on Friday was not enough to stop the index from recording its worst weekly performance in nearly a year amid fears of an economic slowdown and risk of recession.
Hong Kong's wealthiest man will donate more than US$100 million to local businesses, his foundation said Friday, as Asia's once-calm financial hub was roiled by fresh protests.
Sweden wants travel companies to inform customers of the climate impact of long haul trips when advertising or selling tickets, the government said Friday.
India's central bank on Friday cut interest rates for the fifth time this year, putting them at a near-decade low, while it also slashed its growth forecasts as authorities struggle to kickstart Asia's third-largest economy.
Egypt lowered fuel prices on Friday, the oil ministry said, following several rounds of price hikes as part of an austerity programme that have triggered discontent. The move comes a week after rare protests broke out in Cairo and other cities across Egyp
Japanese clothing giant Uniqlo on Friday opened its first store in India, one of its largest worldwide, becoming the latest global retailer to plunge into the huge but tough developing market.