Business News

Foreign Currency Account Scheme

  • KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Friday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 20-05-16 For 3 months and over but less than 6 months […]

  • Foreign exchange rates

    KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Friday. 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 0.9306 20.05.16 CONVERSION RATES FOR 20TH MAY 2016 FOR […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.55 103.04 S.ARABIA 28.00 26.34 U.K 154.04 150.39 JAPAN 0.9582 0.9350 EURO 118.23 115.43 U.A.E 28.73 26.34 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 0.9116 20-05-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 JPY 0.0000 BILL […]

  • Tokyo stocks close higher on weaker yen

    TOKYO, (APP/AFP) – Tokyo stocks closed higher Friday, ending the week on a positive note as a weaker yen lifted exporters. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 0.54 percent, or 89.69 points, to close at 16,736.35, while the broader Topix index of all first-section shares gained 0.51 percent, or 6.84 […]

  • World Bank restarts Cambodia loans after five-year freeze

    PHNOM PENH, (APP/AFP) – The World Bank has approved $130 million worth of new loans for Cambodia, ending a five-year freeze in new lending to the country following a spate of controversial forced evictions by the government. The decision will be welcome news to strongman Prime Minister Hun Sen whose government has clashed with the […]

  • Shipping activity at Port Qasim

    KARACHI, (APP): Four ships C.V Maersk Salina, M.V Apollo Bulker, M.T SC Xiamen and M.T BW Boran scheduled to load/offload containers, cement, chemicals and palm oil were berthed at Qasim International Container Terminal, Multi Purpose Terminal and Liquid Cargo Terminal respectively on Wednesday. Meanwhile three more ships m.V Poavosa Wisdom-III, M.V Globe Tanya and m.T […]