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 01-08-16 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 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 1.0922 01.08.16 CONVERSION RATES FOR 01ST AUGUST 2016 FOR […]
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Emerging currencies soar as US rate hike talk fades
TOKYO, (APP/AFP) – Emerging market currencies jumped against the dollar on Monday as weak US growth data torpedoed speculation of an interest rate hike this year. Friday’s report showing the world’s top economy expanded 1.2 percent in the April-June quarter poured cold water on expectations the US central bank will raise rates before year’s end. […]
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Oil prices up in Asia but oversupply worries weigh
SINGAPORE, (APP/AFP) – Oil prices edged up rose in Asia on Monday as the dollar weakened while bargain-buyers moved in following a recent sell-off but analysts warned a global supply glut and weak demand will temper gains. Prices hit three-month lows last week after US data showed an unexpected increase in commercial stockpiles of oil […]
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Dollar struggles, most stocks up in Asia after US data
HONG KONG, (APP/AFP) – Fading expectations for a US interest rate rise this year hit the dollar and boosted stocks in Asia on Monday, although Shanghai equities took a hammering from weak manufacturing data. Friday’s report showing the world’s number one economy expanded just 1.2 percent in April-June poured water on speculation the Federal Reserve […]
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Italy’s BMPS worst performer in EU bank stress tests
LONDON, (APP/AFP) – Italy’s Banca Monte dei Paschi di Siena came a distant last in EU bank stress test results released on Friday that showed the sector as a whole was broadly resilient. BMPS would suffer a 14.23 percent plunge in its core capital ratio — a measure of stability — by 2018 under the […]