Business News

Hong Kong stocks finish morning on a high

  • HONG KONG, Oct 31 (APP/AFP) – Hong Kong stocks reversed early losses Monday to end the morning slightly higher on bargain-buying after four straight losses, but gains were limited as energy firms were hit by falling oil prices. The Hang Seng index added 0.13 percent, or 29.60 points, to 22,984.41 by the break. But the […]

  • Foreign Currency Account Scheme

    KARACHI, Oct 31 (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Monday. EXCHANGE RATES FOR CURRENCY NOTES SELLING BUYING U.S.A 105.55 103.04 S.ARABIA 28.00 26.35 U.K 128.64 125.60 JAPAN 1.0072 0.9828

  • NBP Exchange Rates

    NBP Exchange Rates

    KARACHI, Oct 31 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQU.S.A. 104.50 104.30 104.09 U.K. 127.37 127.13 126.86

  • ADB approves US $ 75 mln loan to Pakistan for third wind energy investment

    ISLAMABAD, Oct 31 (APP): The Asian Development Bank (ADB) has approved a US $ 75 million loan with Triconboston Consulting Corporation (TBCC) to support the development of the largest wind farm in Pakistan. “The deal is ADB’s third wind energy investment in Pakistan’s burgeoning independent power producer segment. Power from the project will be sold […]

  • Japan shippers merge container units as downturn bites

    TOKYO, Oct 31 (APP/AFP) – Shares in three Japanese shipping firms soared Monday on news that they are merging container businesses with combined annual revenues of about $19 billion to counter an industry downturn. Kawasaki Kisen, Mitsui O.S.K. Lines and Nippon Yusen said they have agreed to set up a joint venture with the combined […]

  • KPT shipping intelligence report

    KARACHI, Oct 31 (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700hours on Monday. ALONG SIDE (Bulk Oil Pier):OP-II Karachi D. Crude Oil PNSC 30/10/16OP-III Grace Victoria D. Petrol Alpine 29/10/16