Business News

Hong Kong, Shanghai stocks rise ahead of Fed meeting

  • HONG KONG, (APP/AFP) – Hong Kong and Shanghai stocks closed stronger Wednesday as the Bank of Japan’s decision to overhaul monetary policy to kickstart inflation boosted confidence before the Fed winds up its own meeting later in the day. The Hang Seng Index in Hong Kong rose 0.59 percent, or 139.04 points, to close at […]

  • European stocks rise at open before Fed

    LONDON, (APP/AFP) – European stock markets advanced at the open on Wednesday after the Bank of Japan tweaked its monetary policy easing programme, and before the US Federal Reserve’s latest interest rate call. In initial trade, London’s benchmark FTSE 100 index won 0.6 percent to stand at 6,874.61 points compared with the close on Tuesday. […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.44 102.95 S.ARABIA 27.97 26.32 U.K 136.82 133.58 JAPAN 1.0356 1.0105 EURO 117.55 114.77 U.A.E 28.71 26.31 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.2473 21-09-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]

  • FERC issues Base rate

    KARACHI, (APP): The Foreign Exchange Rates Committee (FERC) of Financial Markets Association of Pakistan issued the following Base Rate, here on Wednesday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 21-09-16 For 3 months and over but less than 6 […]

  • NBP Exchange Rates

    KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.40 104.20 103.99 U.K. 135.46 135.20 134.93 EURO 116.39 116.17 115.93 CANADA 79.22 79.07 78.86 SWITZERLAND 106.64 106.44 106.16 AUSTRALIA 78.87 78.72 78.52 SWEDEN 12.15 12.13 12.09 […]

  • Market rates of bullion in Lahore

    LAHORE, (APP): Following bullion rates were received from markets here on Tuesday 2016: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT——44067.00 GOLD 22 CT————-40395.00 GOLD 21 CT————-38559.00 SILVER TEZABI————583.00 SILVER THOBI————-557.00