Business News

Tokyo stocks surge after Yellen speech weakens yen

  • TOKYO, (APP/AFP) – Tokyo stocks snapped a two-day losing streak Monday, rallying after Federal Reserve chief Janet Yellen hinted that US interest rates could rise before the end of the year, sending the yen lower and boosting exporters. The benchmark Nikkei 225 index soared 2.30 percent, or 376.78 points, to close at 16,737.49, while the […]

  • Currency rates of NBP

    KARACHI, (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Monday. U.S.A 105.65/ 103.14 S.ARABIA 28.03/ 26.38 U.K 138.67/ 135.38 JAPAN 1.0338/ 1.0087 EURO 118.33/ 115.53 U.A.E 28.76/ 26.36

  • 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. 104.60 104.40 104.19 U.K. 137.29 137.03 136.75 EURO 117.16 116.94 116.70 CANADA 80.43 80.28 80.07 SWITZERLAND 107.04 106.83 106.55 AUSTRALIA 78.95 78.80 78.59 SWEDEN 12.33 12.30 12.27 […]

  • 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 30-08-16 For 3 months and over but less than 6 months 0.5793% […]

  • 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 1.2243 30.08.16 CONVERSION RATES FOR 29TH AUGUST 2016 FOR […]

  • Dollar extends gains on Yellen rate-hike comments

    TOKYO,(APP/AFP): The dollar added to its gains Monday after Federal Reserve boss Janet Yellen suggested an interest rate hike this year was still on the table. In a speech Friday at the annual Jackson Hole symposium of central bankers, Yellen said that the case for a US rate hike had “strengthened”, sharply boosting the greenback. […]