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
"We are working on a comprehensive strategy to promote small businesses which would be connected to more employment opportunities. Capacity building is one of our goals," said President & CEO of Habib Bank Limited (HBL) Muhammad Aurangzeb.
Pakistan Steel Mills (PSM) Board of Directors (BoD) on Thursday appointed Additional Secretary Ministry of Industries and Production, Capt Sher Alam Mehsud (retired) as Chief Executive Officer (CEO), PSM on look after charge, till the appointment of new C
The State Bank of Pakistan (SBP) has asked banks to accept the Electronic Warehouse Receipt (EWR) as collateral for lending against storage of agriculture produce and commodities.
The University of Karachi and Shiraz University, Iran, have signed Memorandum of Understanding (MoU) for the development of academic cooperation by promoting scientific collaboration between the Karachi University and Shiraz University.
Prime Minister Imran Khan has expressed deep grief and sorrow over the terrible tragedy of Tezgam train. In a tweet on Thursday, he expressed his condolences with the victims' families and prayed for the speedy recovery of the injured. The prime minister
Federal Board of Revenue (FBR) has provisionally collected Rs 1,283 billion during July-October (2019-20) against target of Rs 1,447 billion, reflecting a shortfall of Rs164 billion.
The Customs Region (North) of the Federal Board of Revenue (FBR) provisionally collected Rs5,895 million during October, 2019 against Rs5,386 million during the corresponding period of last year, reflecting an increase of Rs. 509 million.
Defective luggage scanners at railway stations of Karachi & Hyderabad lured some of ill-fated passengers to take prohibited items (gas cylinders) with them, which may have caused Liaquatpur human tragedy.
Thousands of charged followers of Jamiat Ulema-Islam-Fazl (JUI-F) on Thursday entered the capital amid lack of coordination among opposition parties regarding the modalities of much hyped Azadi March.
All major Gulf stock markets slipped on Thursday amid falling oil prices, while Abu Dhabi led the losses as its top lender First Abu Dhabi Bank (FAB) declined. Oil prices came under pressure from rising US crude oil stocks and weak factory activity in Chi
Indian shares extended gains on Thursday to settle at multi-month highs, after an interest rate cut by the US Federal Reserve lifted investor sentiment, with Yes Bank stealing the limelight with a near 24% surge. Yes Bank said it has received a binding of
US stocks fell on Thursday as worries that the United States and China may not be able to strike a trade deal overshadowed strong earnings reports from Apple and Facebook. The S&P 500 was on pace for its biggest drop in nearly three weeks, after notching
US stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the US Federal Reserve that cut interest rates by a quarter of a percentage point. The Fed lowered its policy rate to
Hong Kong stocks closed higher on Thursday after the island city's central bank cut interest rates, mirroring the US Federal Reserve's rate-cut announcement on Wednesday. The Hang Seng index rose 0.9% to 26,906.72, while the China Enterprises index gained
US Treasury yields fell on Wednesday after the Federal Reserve cut interest rates for the third time this year, as expected, but signalled that monetary easing could be on hold. The US central bank lowered the policy rate by a quarter of a percentage poin
China stocks ended lower on Thursday, as weak manufacturing data raised concerns over the pace of Beijing's policy support to bolster the economy. The blue-chip CSI300 index fell 0.1% to 3,886.75, while the Shanghai Composite Index lost 0.3% to 2,929.06.
Japan's Nikkei edged higher on Thursday after the US Federal Reserve cut interest rates, but the market faced tough resistance as investors were eager to lock in profits after stellar gains this month. The Nikkei share average ended up 0.37% at 22,927.04
European shares fell on Thursday, hurt by losses for miners and automakers as doubts grew over the prospect of a trade deal between the United States and China, with weak earnings from oil major Royal Dutch Shell adding to the gloom. A Bloomberg report sa
A profit miss from Australia's fourth-largest lender pulled its peers and the country's benchmark index lower on Thursday, despite gains in markets across the rest of Asia after the US Federal Reserve cut interest rates. Australia and New Zealand Banking
Indonesian shares fell over 1% on Thursday, weighed down by telecom and utility stocks, while Malaysia gained on strength in the country's banking sector after an upbeat review by its central bank. The Jakarta index closed at its lowest in over a week as
The FTSE 100 blue-chip stock index dropped more than 1% on Thursday, under pressure from results-driven falls in Shell and Lloyds and the latest tensions over the US-China trade situation. The main index ended 1.1% lower on its worst day in a month, laggi
The world's largest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the third quarter, it said Thursday, hit by an enduring downturn in the global chip market. Net profits in the three months to September we
Britain's Lloyds Banking Group dived into the red in the third quarter after setting aside more cash to compensate customers mis-sold the controversial insurance product PPI, it said Thursday. The UK high-street giant, which received a vast bailout during
Apple on Wednesday reported stronger-than-expected profits for the past quarter, fueled by growth in digital services and wearables that helped offset slower iPhone sales. Profit in the quarter ending in September dipped four percent from a year ago to $1
US consumer spending increased marginally in September while wages were unchanged, which could cast doubts on consumers' ability to continue driving the economy amid a deepening slump in business investment. The report from the Commerce Department on Thur
Boeing announced Thursday up to 50 of its popular 737NG planes had been grounded after cracks in them were detected, in another blow to the US aircraft maker following two deadly crashes. Australian national carrier Qantas became the latest airline to tak
Chinese factory activity contracted for a sixth-straight month in October, data showed Thursday, as the key manufacturing sector suffers under the weight of a slowing domestic economy and the long-running US trade war. The figures are the latest to highli
Facebook on Wednesday reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped $6 billion on revenue that climbed 28 perce
Royal Dutch Shell said Thursday that net profit rose slightly in the third quarter of its financial year, when the Anglo-Dutch energy major was buffeted by lower oil prices. Earnings after taxation added just one percent to $5.9 billion (5.3 billion euros
China's three major state telecom operators rolled out 5G wireless technology Thursday, as the country races to narrow its technology gap with the US amid a bruising trade war. China Mobile, the country's largest carrier, announced its 5G services were av
A last-minute switch back to some old clubs helped China's own Li Haotong find his groove and take the solo first-round lead in the WGC-HSBC Championships in Shanghai on Thursday.
Novak Djokovic saw off Britain's Kyle Edmund on Thursday to reach his eighth Paris Masters quarter-final, while Grigor Dimitrov knocked out fifth seed Dominic Thiem.
World number one Ashleigh Barty and Belinda Bencic both advanced to the semi-finals after contrasting victories at the WTA Finals in China on Thursday.
Real Madrid registered their biggest win since Zinedine Zidane's return as coach on Wednesday as they demolished struggling Leganes 5-0 to move up to second in La Liga. Karim Benzema was the star of the show, the Frenchman rounding off a superb attacking
Southern Punjab captain Shan Masood has been fined 25-per cent match fee for level 1 offence relating to showing dissent at umpire's decision during a match during his team's Quaid-e-Azam Trophy round five first-class match against Northern at Jinnah Stad
The Pakistan Cricket Board (PCB) Thursday announced a partnership with Uber for the development of girls' cricket at school level across the country through its Cric4Us Programme.
Sri Lankan cricket legend Kumar Sangakkara, the first overseas president of the Marylebone Cricket Club, will captain the MCC against English county champions Essex in Sri Lanka next March, it was announced on Thursday.
Liverpool reached the League Cup quarter-finals in thrilling style as their incredible 5-5 draw against Arsenal was followed by a 5-4 penalty shoot-out triumph, while Manchester United won 2-1 at Chelsea on Wednesday.
Cristiano Ronaldo converted a 96th-minute penalty as Juventus defeated Thiago Motta's Genoa 2-1 to reclaim top spot in Serie A on Wednesday, while Napoli were left seething after conceding a disputed late equaliser against Atalanta.
The dollar declined against a basket of major currencies on Thursday, reversing earlier gains, after the Federal Reserve cut interest rates for the third time this year and its signal for a potential pause in the easing cycle was taken with a pinch of sal
The euro rose against the dollar on Thursday after better than expected euro zone GDP data, while the US currency fell after Federal Reserve appeared to leave open the question of whether it would cut interest rates further. The Fed lowered its benchmark
The dollar fell to a 10-day low against a basket of major currencies on Thursday as investors evaluated whether the Federal Reserve would continue to cut rates, and after European data beat expectations. The Fed on Wednesday lowered its policy rate by a q
The dollar fell against a basket of major currencies on Wednesday, reversing initial gains, after the Federal Reserve cut interest rates for the third time this year but signalled its rate-cut cycle might be at a pause, as was broadly expected. In lowerin
South Africa's rand extended losses against the dollar on Thursday after Finance Minister Tito Mboweni gave a bleak budget speech a day earlier in which he slashed growth forecasts and predicted ballooning debt, raising fears of a ratings downgrade. Stock
Asian currencies strengthened against the dollar on Thursday, with South Korea's won leading the pack, after the US Federal Reserve cut interest rates for a third time this year. The dollar weakened against a basket of major currencies after the US centra