Business News

Hong Kong stocks end morning sharply higher

  • HONG KONG, (APP/AFP) – Hong Kong and Shanghai stocks rallied on Tuesday morning ahead of closely watched meetings of the US and Japanese central banks this week. The Hang Seng Index jumped 0.90 percent, or 198.57 points, to 22,192.01 by the break. And the benchmark Shanghai Composite Index gained 0.45 percent, or 13.68 points, to […]

  • foreign exchange rates

    KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday. 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 1.0444 26.07.16 CONVERSION RATES FOR 26TH JULY 2016 FOR […]

  • Spot rates of cotton (Crop 2016-2017)

    KARACHI, (APP): Karachi Cotton Association (KCA) on Saturday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex-Gin Up-country Spot Rates for Price Expenses Ex-Karachi 37.324 kgs 6,400 135 6,535 Equivalent 40 kgs 6,859 145 7,004

  • G20 ministers urge tighter tax rules for multinationals

    CHENGDU, China, (APP/AFP): The world’s major economies need to deepen cooperation on tax collection as companies seek to minimise the amount they pay to governments, finance ministers said Saturday. The issue has become controversial in many countries, with multinational firms from Google to Starbucks facing accusations of not contributing appropriately to the economies where they […]

  • Spot rates of cotton (Crop 2015-2016)

    KARACHI, (APP): Karachi Cotton Association (KCA) on Friday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex-Gin Up-country Spot Rates for Price Expenses Ex-Karachi 37.324 kgs 6,500 135 6,635 Equivalent 40 kgs 6,966 145 7,111

  • Bullion rates

    LAHORE, (APP)-Following bullion rates were received from markets here on Friday: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 44324.00 GOLD 22 CT————-40631.00 GOLD 21 CT————-38784.00 SILVER TEZABI————620.00 SILVER THOBI————-612.00