KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Friday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 26-08-16 For 3 months and over but less than 6 months […]
Business News
Foreign Currency Account Scheme
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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 Friday. 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 1.2234 26.08.16 CONVERSION RATES FOR 26TH AUGUST 2016 FOR […]
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Tokyo stocks end lower, dealers await Yellen speech
TOKYO, (APP/AFP) – Tokyo stocks ended the week in the red Friday as dealers awaited remarks by Federal Reserve chief Janet Yellen and after data showed Japan is still struggling in its battle to kickstart inflation. The benchmark Nikkei 225 index tumbled 1.18 percent, or 195.24 points, to close at 16,360.71, while the broader Topix […]
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Oil prices dip, Saudis dampen hopes on output talks
SINGAPORE, (APP/AFP) – Oil prices dipped in Asia on Friday after Saudi Arabia’s oil minister cast doubt on the need to cut output, denting hopes for a deal at talks next month aimed at addressing a global supply glut. The commodity rallied for seven straight sessions and entered a bull market — a 20 percent […]
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Hong Kong stocks end morning higher
HONG KONG, (APP/AFP) – Hong Kong and Shanghai stocks rose in the morning session Friday as investors await a key speech by Federal Reserve boss Janet Yellen later in the day hoping for a steer on US monetary policy. The Hang Seng Index rose 0.54 percent, or 124.22 points, to 22,939.17. The benchmark Shanghai Composite […]
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Payment of sales tax refund will boost exports; Gulzar Firoz
KARACHI, (APP): Chairman, Pakistan Tanners Association (Central) Gulzar Firoz has congratulated Prime Minister Muhammad Nawaz Sharif, Finance Minister, Senator Muhammad Ishaq Dar, Chief Executive TDAP, S.M. Munir, President FPCCI, Abdul Rauf Alam and Chairman, FBR Standing Committee, FPCCI Zubair Tufail and other office bearers of FPCCI on payment of Sales Tax refund cheques to the […]