BEIJING, (APP/AFP) – A key gauge of China’s debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported. China’s credit-to-GDP gap reached 30.1 percent in the first quarter of 2016, its highest level ever and far above the 10 percent level […]
Business News
Warning sign on China debt reaches record level: report
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Dollar retreats in Asia ahead of Fed, BoJ meet
SINGAPORE, (APP/AFP) – The dollar eased in Asia Monday after last week’s pick-up as investors await crucial policy meetings at the Federal Reserve and Bank of Japan later this week. The greenback rose Friday after the release of higher-than-forecast US inflation for August strengthened the case for a US interest rate hike. But a series […]
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Foreign exchange rates
KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 1.2522 19.09.16 CONVERSION RATES FOR 19TH SEPTEMBER 2016 FOR […]
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EXCHANGE RATES FOR CURRENCY NOTES
SELLING BUYING U.S.A 105.44 102.95 S.ARABIA 27.97 26.32 U.K 137.52 134.26 JAPAN 1.0334 1.0083 EURO 117.78 114.99 U.A.E 28.71 26.31 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.2528 19-09-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]
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NBP Exchange Rates
KARACHI, (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.CHQ U.S.A. 104.40 104.20 103.99 U.K. 136.16 135.90 135.62 EURO 116.61 116.39 116.15 CANADA 79.33 79.17 78.97 SWITZERLAND 106.65 106.45 106.17 AUSTRALIA 78.67 78.52 78.31 SWEDEN 12.20 12.18 12.15 […]
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Foreign Currency Account Scheme
KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Monday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 19-09-16 For 3 months and over but less than 6 months […]