Business News

KPT Shipping Movements Report

  • KARACHI, (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Wednesday. SHIPS SAILED: New Naxos Bofors Selini SHIPS BERTHED: Han Ren General Cargo MSC Imma Container Ship Fpmc 22 Tanker EXPECTED SAILING DATE MSC Imma 07/09/16 Taroko 07/09/16 OOCL California 07/09/16 Lissy Schulte […]

  • Australia marks 25 years of unbroken economic growth

    SYDNEY, (APP/AFP) – Australia’s economy is growing at its fastest annual rate in four years, the government said Wednesday, as it trumpeted a quarter of a century of continued expansion. Growth hit 3.3 percent from a year earlier in the second quarter of 2016, with government spending helping to offset falling trade as the economy […]

  • European stocks stable at open

    LONDON, (APP/AFP) – Europe’s main stock markets held steady at the start of trading on Wednesday, on the eve of a monetary policy decision from the European Central Bank. London’s benchmark FTSE 100 index started the day essentially flat at 6,824.72 points. In the eurozone, Frankfurt’s DAX 30 rose 0.2 percent to 10,706.86 points and […]

  • Tokyo stocks fall from three-month high on surging yen

    TOKYO, (APP/AFP) – Tokyo stocks fell from a three-month high Wednesday with exporters and banks hit by a stronger yen as another batch of weak US data dampened the chances of an imminent interest rate hike. The Institute for Supply Management on Tuesday revealed a sharp fall in activity the key US service sector — […]

  • 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. 104.50 104.30 104.09 U.K. 140.24 139.97 139.68 EURO 117.61 117.38 117.14 CANADA 81.35 81.19 80.98 SWITZERLAND 107.85 107.65 107.36 AUSTRALIA 80.21 80.06 79.85 SWEDEN 12.33 12.31 12.28 […]

  • Foreign exchange rates

    KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. 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 1.2487 07.09.16 CONVERSION RATES FOR 7TH SEPTEMBER 2016 FOR […]