Business News

Spot rates of cotton (Crop 2015-2016)

  • KARACHI, (APP): Karachi Cotton Association (KCA) on Tuesday 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 5,600 135 5,735 Equivalent 40 kgs 6,002 145 6,147

  • 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 Tuesday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.80 104.85 U.S $ (Cash Free Market) 105.50 105.70 SAUDIA RIYAL 28.10 28.30 UAE DIRHAM 28.80 29.00 EURO 118.00 119.00 UK POUND […]

  • KPT Shipping Movements Report

    KARACHI, (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Tuesday. SHIPS SAILED: FPMC 17 Bofors Hyundai Bangkok Mare Tirrenum Hyundai Paramount MSC Lana SHIPS BERTHED: Bofors Tug Cape Marin Container Ship Sea Jewel Tanker Al Mahboobah Tanker Calidris Container Ship EXPECTED SAILING […]

  • Market rates of bullion in Multan

    MULTAN,(APP)-Following bullion rates were received from markets here on Tuesday,2016: BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 41580.00 GOLD 22 CT————-38010.00 SILVER TEZABI————574.00 SILVER THOBI————-525.00

  • Swiss approve dissolution of scandal-hit bank

    PARIS, (APP/AFP) – Swiss financial regulators announced Tuesday they have agreed to the takeover and dissolution of Lugano-based BSI Bank, which has been linked to a Malaysian corruption scandal. The Swiss supervisor FINMA accused merchant bank BSI of “serious breaches” of money-laundering rules in its dealings with the Malaysian sovereign wealth fund 1MDB, which is […]

  • European stocks drop at open

    LONDON, (APP/AFP) – European stock markets dropped at the start of trading on Tuesday, following on from losses the previous session. London’s benchmark FTSE 100 index slipped 0.4 percent to 6,114.71 points compared with Monday’s close. Frankfurt’s DAX 30 index shed 0.4 percent to 9,798.94 points and the Paris CAC 40 lost 0.4 percent to […]