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 1.2037 12.08.16 CONVERSION RATES FOR 12TH August 2016 FOR […]
Business News
Foreign exchange rates
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Oil extends gains as Saudi comments fan output cut hopes
SINGAPORE, (APP/AFP): Crude prices rose in Asia Friday, extending overnight gains after Saudi Arabia’s oil minister hinted producers could agree to limit production. Rumours have been circulating that global producers are mulling a deal to freeze output, to help stabilise the market. Prices entered a “bear” market last week, falling more than 20 percent and […]
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Hong Kong tycoon Li beats forecasts as profits rise
HONG KONG, (APP/AFP) – Billionaire Hong Kong businessman Li Ka-shing Thursday saw profits up in the first half of 2016, beating analysts’ expectations, with a major boost coming from his European and Asian telecoms operations. But the 88-year-old tycoon warned of “considerable challenges” after Britain voted to leave the European Union. Li had advocated the […]
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Market rates of bullion in Lahore
LAHORE, (APP): Following bullion rates were received from markets here on Thursday: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT——45568.00 GOLD 22 CT————-41770.00 GOLD 21 CT————-39872.00 SILVER TEZABI————626.00 SILVER THOBI————-620.00
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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 Thursday. ALONG SIDE (Bulk Oil Pier): Op-I Aligate D. Petrol Trans Maritime 10/08/16 OP-II Unique Guardian L. Naptha Wilhelmsen 08/08/16 OP-III Silver Monika D. SB Oil Transtrade 09/08/16 ALONG SIDE (East Wharves): 1/2 Ibi […]
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European stocks diverge at open
LONDON, (APP/AFP) – European stock markets diverged at the start of trading on Thursday following widespread losses the previous session. London’s benchmark FTSE 100 index fell 0.4 percent to 6,842.38 points compared with the close on Wednesday. In the eurozone, Frankfurt’s DAX 30 gained 0.3 percent to 10,687.57 points and the Paris CAC 40 won […]