Business News

Foreign exchange rates

  • KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Thursday. 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 1.0073 21.07.16 CONVERSION RATES FOR 21ST JULY 2016 FOR […]

  • Brazil central bank holds steady on high interest rate

    BRASMLIA, (APP/AFP) – Brazil’s central bank left unchanged Wednesday its benchmark interest rate as Latin America’s largest economy remains mired in recession and high inflation. The central bank, as expected, kept the key Selic rate at 14.25 percent, where it has been pegged for a year to support the flailing economy. The meeting of the […]

  • Tokyo stocks snap 6-day rally, Nintendo tumbles

    TOKYO, (APP/AFP): Tokyo shares sank Wednesday, ending a six-day winning streak, with Nintendo plunging on profit-taking after more than doubling this month on the back of the Pokemon Go phenomenon. The videogame giant slumped almost 13 percent to 27,765 yen, just a day after it overtook Sony in market value, while Japanese fans were left […]

  • Spot rates of cotton (Crop 2015-2016)

    KARACHI, (APP): Karachi Cotton Association (KCA) on Wednesday 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 6,650 135 6,785 Equivalent 40 kgs 7,127 145 7,272

  • Bullion rates

    LAHORE, (APP)-Following bullion rates were received from markets here on Wednesday: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 44367.00 GOLD 22 CT————-40670.00 GOLD 21 CT————-38821.00 SILVER TEZABI————620.00 SILVER THOBI————-612.00

  • Kerb currency market

    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) 104.83 104.88 U.S $ (Cash Free Market) 105.20 105.40 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.55 28.75 EURO 115.30 116.30 UK POUND […]