Business News

EXCHANGE RATES FOR CURRENCY NOTES

  • SELLING BUYING U.S.A 105.34 102.85 S.ARABIA 27.95 27.55 U.K 153.13 149.50 JAPAN 0.9351 0.9124 EURO 118.94 116.12 U.A.E 28.68 27.42 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 0.8606 11-02-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 JPY 0.0000 BILL […]

  • Foreign Currency Account Scheme

    KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Assocaition of Pakistan issued the following Base Rate, here on Thursday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 11-02-16 For 3 months and over but less than 6 months […]

  • Hong Kong stocks return from break to slump in morning

    HONG KONG, (APP/AFP): Hong Kong stocks plunged almost four percent in the morning session Thursday as investors returned from the Lunar New Year break to play catch-up with a rout that has hammered global stocks this week. The Hang Seng Index lost 3.95 percent, or 762.14 points, to 18,526.03 by the break

  • Dollar sinks in Asia as Fed boss dampens chance of rate hike

    SINGAPORE, (APP/AFP): The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy suggested the central bank will not hike interest rates any time soon. The greenback also sank to late 2014 levels against the yen on the back of a flight to safe […]

  • KPT shipping intelligence report

    KARACHI, Feb 8 (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Monday. ALONG SIDE (Bulk Oil Pier): OP-I Ariel D.Petrol Alpine 05/02/16 OP-III Olympics Spirit II D.Crude Oil PNSC 06/02/16 ALONG SIDE (East Wharves): 1/2 Mid Osprey L.Ethanol East Wind 06/02/16 5 Ivs […]

  • Yen surges as global market rout extends ahead of Yellen testimony

    TOKYO, Feb 10, (APP/AFP): The Japanese yen extended gains against the dollar and the euro on Wednesday as nervous investors fled to safe investments with equity markets plunging on concerns about the global economy. With volatility returning to bourses around the world, attention turns to an address to congress by Federal Reserve boss Janet Yellen […]