Business News

European stocks dip at open after US rate hike

  • LONDON, (MILLAT+APP/AFP) – European stocks slid 0.2 percent at the open Thursday after the Federal Reserve indicated it will likely embark on a steeper path of interest rate hikes over the next year. London’s benchmark FTSE 100 index dropped to 6,938.55 points, Frankfurt’s DAX 30 declined to 11,267.03 and the Paris CAC 40 drifted down […]

  • N. Korea calls time on 200-day mass mobilisation

    PYONGYANG, (MILLAT+APP/AFP) – North Korea on Thursday wrapped up a 200-day mass mobilisation campaign aimed at boosting an economy struggling with upgraded UN sanctions imposed after its two nuclear tests this year. Coming hard on the heels of a similar 70-day campaign that ended in May, the 200-day version kicked off in early June, pushing […]

  • 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 Thursday. ALONG SIDE (Bulk Oil Pier): OP-I Bunga Lucerne D. Chemical Alpine 14/12/16 OP-II Meaersk Kaya L. Naptha Alpine 10/12/16 OP-III Stolt Courage D. Chemical Alpine 14/12/16 ALONG SIDE (East Wharves): 2/3 Pacific Legend […]

  • Hong Kong stocks plunge in morning session

    HONG KONG, (MILLAT+APP/AFP): Shares tumbled in Hong Kong, led by property firms, after the Federal Reserve lifted interest rates and indicated a further three hikes next year. The Hang Seng Index shed 1.69 percent, or 380.48 points, to 22,076.14 by the break. A Fed rate hike affects borrowing costs in Hong Kong as the city’s […]

  • Currency rates of NBP

    KARACHI, (MILLAT+APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. U.S.A 105.65/ 103.11 S.ARABIA 28.03/ 26.37 U.K 132.54/ 129.48 JAPAN 0.9006/ 0.8788 EURO 111.13/ 108.52 U.A.E 28.76/ 26.37

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.65 103.11 S.ARABIA 28.03 26.37 U.K 132.54 129.48 JAPAN 0.9006 0.8788 EURO 111.13 108.52 U.A.E 28.76 26.37 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.2982 15-12-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]