KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Wednesday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.73 104.78 U.S $ (Cash Free Market) 106.00 106.20 SAUDIA RIYAL 28.15 28.35 UAE DIRHAM 28.85 29.05 EURO 118.40 119.40 UK POUND […]
Business News
Kerb currency market
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European stocks rebound at open
LONDON, (APP/AFP): Europe’s main stock markets staged a modest rebound at the open on Wednesday, with London’s FTSE 100 index up 0.3 percent to 6,661.85 points. In the eurozone, Frankfurt’s DAX 30 added almost 0.1 percent to 10,150.13 points and the Paris CAC 40 rose 0.4 percent to 4,346.31. The region’s markets had retreated Tuesday […]
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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 Wednesday. ALONG SIDE (Bulk Oil Pier): OP-I Quetta D. Crude Oil PNSC 02/08/16 OP-II Al Mahboobah D. Chemical GAC 01/08/16 OP-III FPMC 20 D. Petrol Alpine 03/08/16 ALONG SIDE (East Wharves): 1/2 Rive Wind […]
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Tokyo stocks end lower, extend global sell-off
TOKYO, (APP/AFP) – Tokyo stocks extended a global sell-off Wednesday, slipping for a second session with banks tumbling as investors were left underwhelmed by a government stimulus package. After Tokyo’s markets closed Tuesday the government unveiled details of a 28 trillion yen ($273 billion) fiscal plan to kickstart the economy, but the latest of several […]
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Bitcoin tanks after Hong Kong exchange breach
HONG KONG, (APP/AFP) – A major Hong Kong-based Bitcoin exchange has suspended trading after $65 million in the virtual unit was reportedly stolen by hackers — sending the digital currency plunging more than 20 percent. Bitfinex said it had suspended all transactions after discovering that some users’ Bitcoins had been taken. “Today we discovered a […]
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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 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 1.1147 03.08.16 CONVERSION RATES FOR 03RD AUGUST 2016 FOR […]