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
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
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
Gold prices jumped as much as 1.5% to more than a one-week high on Thursday, emboldened by hopes of more stimulus from the United States as a coronavirus-led lockdown takes a toll on the world's largest economy and its labour market.
Gold prices jumped about 1% to more than a one-week high on Thursday, emboldened by hopes of more stimulus from the US Federal Reserve as a coronavirus-led lockdown takes a toll on the world's largest economy and labor market.
Gold edged lower on Thursday as investors booked profits from sharp gains in the previous session, but prices held above the $1,700 an ounce level on the promise of more US stimulus measures to ease the economic blow from the coronavirus crisis.
Malaysian palm oil futures ended 2% higher on Thursday, tracking a rebound in crude oil and gains in rival soyabean oil, with bargain buying after palm fell to near 9-month lows further boosting prices.
Tokyo rubber prices rose nearly 3% on Thursday, tracking Shanghai futures and oil prices after more stimulus was promised by the US government to combat the coronavirus pandemic.
Copper prices rose on Thursday alongside oil, but analysts said the gains are unlikely to be sustained as poor demand prospects are likely to be reinforced by data showing further economic deterioration due to the coronavirus pandemic.
Major brands are turning a blind eye to forced labour on a scale not seen since World War Two, lawyers and campaigners said on Thursday as they urged Britain to halt imports of cotton goods originating from China's Xinjiang region.
The euro fell to its lowest in a month on Thursday after data showed economic activity in the euro zone virtually halted by government-imposed lockdowns to stop the coronavirus pandemic.
The US dollar gave up its early gains against the euro on Thursday amid hopes that European Union heads can come up with a joint financial fund to help the region recover from the coronavirus pandemic.
The pound strengthened against both the euro and the dollar on Thursday, even after dire British preliminary PMI readings for April, as market activity appears immune to new data about the disastrous economic fallout from the coronavirus.
Most Asian currencies were tepid on Thursday amid concerns over feeble oil demand and expectations of dire manufacturing and services survey data out of the United States and euro zone, while the Indonesian rupiah slid as much as 1%.
Britain's FTSE 100 rebounded from early losses on Thursday, as surging oil prices and signs that major UK homebuilders were planning to resume work boosted sentiment, with investors shrugging off some shockingly weak economic data.
Most Southeast Asian stock markets finished higher on Thursday, with Thailand leading the gains, as risk sentiment improved backed by a recovery in oil prices and expectations of a fresh relief package in the United States.
Wall Street surged on Wednesday as oil prices recovered and Congress looked on course to approve nearly $500 billion more in aid to help small businesses ride out the coronavirus crisis.
Wall Street jumped 1% on Thursday as a third straight decline in weekly jobless claims raised hopes the worst of the coronavirus pandemic's impact on the labour market was over, while energy stocks zoomed 5% on a rebound in oil prices.
Chinese stocks ended weaker on Thursday, as mounting economic uncertainty sparked by the coronavirus pandemic kept share prices under pressure, stopping investors from chasing the rebound from the previous session.
A rally in energy and bank shares lifted European stock markets on Thursday, while investors counted on more stimulus to revive the bloc's economy as the coronavirus-induced lockdowns brought activity to a halt in April.
Most stock markets in the Middle East ended higher on Thursday, buoyed by a recovery in oil prices from historic lows and a slew of better-than expected first-quarter earnings. Brent crude was up $1.55, or 7.61%, at $21.92 a barrel by 1200 GMT, a day afte
US natural gas futures jumped over 6% to a nine-week high on Wednesday on expectations gas production will decline in coming weeks as drillers shut oil wells in shale basins due to the recent collapse of US crude prices. Those oil wells produce a lot of g
Chicago Board of Trade corn futures rebounded from a 10-1/2-year low on Wednesday, rising 2.4% on a round of short-covering traders said. Technical resistance for the benchmark CBOT July corn contract was noted at its 10-day moving average. Support from o
Amid hopes of softening the lockdown during the holy month of Ramazan traders were hopeful that trading activity will improve in the cotton market. According to market sources traders were putting pressure on the government that they should allow them to
The Karachi Port handled 63,298 tonnes of cargo comprising 33,356 tonnes of import cargo and 29,942 tonnes of export cargo including 4,221 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Euronext wheat was mixed on Wednesday as spot futures eased after this week's export-fuelled surge and new-crop prices edged higher due to continuing dry weather in much of Europe. Front-month May milling wheat on the Paris-based Euronext exchange settled
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,426. The traded value of metals, energy and COTS/FX was recorded at PKR 5.289 billion and the number of lots traded was 18,123.
Iron ore futures in China recovered all losses from the previous session to close higher on Wednesday, fuelled by hopes that demand from steelmakers will increase in the coming months.
The European Central Bank chief issued a dire warning to EU leaders as they met by video Thursday bitterly divided over a giant package to help their economies recover from the coronavirus pandemic.
The US acting director of national intelligence is weighing ways to pressure countries with anti-LGBT policies, including reducing intelligence sharing, the New York Times reported Thursday.
The UN's special Middle East envoy, Nickolay Mladenov, on Thursday warned Israel not to annex parts of the West Bank, saying such a move would be a "devastating blow" to the internationally-backed two-state solution.
Two alleged former Syrian intelligence officers went on trial in Germany on Thursday accused of crimes against humanity in the first court case worldwide over state-sponsored torture by Bashar al-Assad's regime.
One of Spain's deputy prime ministers apologised Thursday to the country's children for confining them to their homes since mid-March as part of a nationwide lockdown to fight the coronavirus pandemic.
Global economic activity all but ground to a halt this month as government-imposed lockdowns due to the coronavirus pandemic took a particularly heavy toll on the world's service industry, surveys showed on Thursday.
A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in US history have been wiped out as the novel coronavirus savages the economy.
Sales of new US single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.
The German government unveiled a 10 billion euro ($10.8 billion) economic package on Thursday to pay for additional unemployment benefits and new tax cuts to help businesses affected by the coronavirus.
Dr. Zulfiqar A. Bhutta is the Robert Harding Inaugural Chair in Global Child Health & Policy at the Centre for Global Child Health, Toronto, Professor of Epidemiology at the Dalla Lana School of Public Health, University of Toronto, and the Distinguished
The Federal Board of Revenue (FBR) Thursday issued procedure for sealing and desealing of cargo containers meant for transshipment, transit, safe transportation and export including transit of International Security Assistance Force (ISAF) cargo.
The Independent Power Producers' (IPPs) role is to be finally capped below 10 percent of the power mix and they have to compete for tariffs with the public sector, a model already being used in the developed world.
Saudi Ambassador Nawaf Bin Saeed Al Maliki handed over 20,000 ration bags to Punjab Governor Chaudhary Mohammad Sarwar here on Thursday which will be distributed in Lahore and other cities of Punjab.
While appreciating the governments' decision of allowing 800 exporting units of Sialkot export-oriented industry Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Thursday assured the government that industry would try to ach
The Punjab government has decided to abolish the stamp duty of Rs 100 on sale or transfer of registered vehicles and to delete it from respective provision of the Stamp Act, 1899.
Getz Pharma is proud to announce that it is the first and only organisation in Pakistan to have taken the initiative of testing each and every employee for Covid-19, and to close its factory and head office in Karachi, completely, till every employee has
The Board of Directors of Soneri Bank Limited, in their 176th meeting held in Lahore on 23rd April 2020, approved the Bank's condensed interim financial statements for the quarter ended 31 March 2020.