TEHRAN, Dec 12 (APP/AFP): Airbus delegates have arrived in Tehran for talks aimed at finalising a deal to sell around 100 planes, an Iranian official said Monday. The representatives of the European aerospace giant arrived on Sunday just hours after national carrier Iran Air concluded a $16.6 billion deal with US firm Boeing to buy […]
Business News
Airbus in Iran to finalise plane deal: official
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IMF chief Lagarde on trial in France over tycoon case
PARIS, Dec 12, (APP/AFP): IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career. Lagarde denies the charges of negligence, arguing she was acting “in the state’s interest” in making the […]
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Oil soars as non-OPEC producers agree on caps
SINGAPORE, Dec 12, (APP/AFP) – Oil soared Monday following a landmark deal by Russia and other non-OPEC producers to join the cartel in capping output, in a bid to end a stubborn global glut that has hammered prices. In a bid to reverse a dramatic fall in income, Russia and 10 other non-OPEC states on […]
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Hong Kong stocks end morning lower
HONG KONG, Dec 12, (APP/AFP) – Hong Kong stocks tumbled Monday morning as a pick-up in energy firms was overshadowed by concerns about the impact of an expected US interest rate hike this week. The Hang Seng Index shed 1.13 percent, or 257.95 points, to 22,503.03 by the break. And the benchmark Shanghai Composite Index […]
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Spot rates of cotton
KARACHI,(MILLAT+APP): Karachi Cotton Association (KCA) on Friday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex-Gin Up-country Spot Rates for Price Expenses Ex-Karachi 37.324 kgs 6,300 135 6,435 Equivalent 40 kgs 6,752 145 6,897
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NBP Exchange Rates
KARACHI, (MILLAT+APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.60 104.40 104.19 U.K. 131.67 131.41 131.14 EURO 110.94 110.73 110.50 CANADA 79.22 79.06 78.86 SWITZERLAND 102.92 102.72 102.45 AUSTRALIA 77.99 77.85 77.64 SWEDEN 11.45 11.43 11.40 […]