KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Thursday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 15-09-16 For 3 months and over but less than 6 months […]
Business News
Foreign Currency Account Scheme
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UK business ‘fat and lazy’, says country’s trade minister
LONDON,(APP/AFP) – The British minister charged with boosting international trade post-Brexit has slammed the country’s businesses as being too “fat and lazy” to capitalise on the opportunity, the Times newspaper reported Saturday. “This country is not the free-trading nation that it once was,” Secretary of State for International Trade Liam Fox told a reception for […]
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Spot rates of cotton (Crop 2016-2017)
KARACHI, (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 5,850 135 5,985 Equivalent 40 kgs 6,269 145 6,414
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KPT shipping intelligence report
KARACHI,(APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier): OP-II Fpmc 22 D. Petrol Alpine 06/09/16 OP-III Champian Tern D. SB Oil Transtrade 07/09/16 ALONG SIDE (East Wharves): 1 Oriental Sakura L. Tehanol East Wind 08/09/16 2/3 Uni […]
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Tokyo shares end flat after N. Korea nuke test
TOKYO, (APP/AFP) – Tokyo shares closed flat on Friday with concerns over a North Korean nuclear test offset by speculation that the Bank of Japan may expand its stimulus programme. Japanese rose in early trade but news of the Pyongyang’s test knocked sentiment, which also took a hit from the European Central Bank’s decision Thursday […]
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European stocks weaken at open on ECB disappointment
LONDON, (APP/AFP): Europe’s main stock markets fell further at the start of trade on Friday, one day after the European Central Bank failed to deliver new stimulus measures. Sentiment was dampened by earlier losses in most of Asia, where investors were rattled by concerns over North Korea’s nuclear test. In opening deals, London’s benchmark FTSE […]