Business News

FBR fetes Member Accounting on retirement

  • ISLAMABAD, MILLAT+(APP): A meeting of the Board-in-Council of Federal Board of Revenue was held here on Friday which bid the farewell to Member Accounting, Seema Majid on her retirement from service. The Chairman FBR, Nisar Muhammad Khan chaired the meeting which was attended by all members and other senior employees of the Board, a statement […]

  • Toyota shares drop after Trump threat on Mexico plant

    TOKYO, (MILLAT+APP/AFP) – Toyota shares dropped more than three percent Friday after US President-elect Donald Trump threatened the carmaker with import taxes over a new vehicle plant in Mexico, also prompting an objection from the Japanese government. Shares in the Japanese automaker fell as much as 3.11 percent after the opening bell before paring losses […]

  • KPT shipping intelligence report

    KARACHI, (MILLAT+APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier): OP-I Al Dasam D. HSD GAC 03/01/17 OP-II Fidelity N. Petrol Trans Maritime 04/01/17 OP-III Shalamar D. Crude Oil PNSC 04/01/17 ALONG SIDE (East Wharves): 1 Selin D […]

  • Forex reserves stand at US $23.163 bln

    ISLAMABAD, (MILLAT+APP): The total liquid foreign reserves held by the country stood at US $23,163.6 million as on December 30, the State Bank of Pakistan (SBP) reported. According to break up figure, the foreign reserves held by the State Bank of Pakistan stood at US $ 18,268.9 mln while the net foreign reserves held by […]

  • Dollar falls as China, Mexico move to boost currencies

    NEW YORK, (MILLAT+APP/AFP) – The dollar retreated Thursday against other leading currencies after Chinese and Mexican officials took steps to strengthen their currencies. Foreign exchange markets were in focus on a day of drift for global stocks, with major indices in New York, London, Paris and Frankfurt ending little changed. The moves by China and […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.65 103.14 S.ARABIA 28.03 26.37 U.K 130.87 127.77 JAPAN 0.9131 0.8910 EURO 111.88 109.23 U.A.E 28.76 26.36 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.3177 06-01-2017 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]