KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.68 104.73 U.S $ (Cash Free Market) 104.70 104.90 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.55 28.75 EURO 119.30 120.20 UK POUND […]
Business News
Kerb currency market
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China stocks hit by trade data, but weak yen lifts Tokyo
HONG KONG, (APP/AFP) – Shanghai stocks tumbled almost three percent Monday on another disappointing Chinese trade report, but Tokyo was boosted by a weaker yen after US jobs data reinforced expectations for more interest rate hikes this year. Beijing at the weekend released figures showing exports fell almost two percent last month while imports plunged […]
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KPT shipping intelligence report
KARACHI, (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Monday. ALONG SIDE (Bulk Oil Pier): OP-I Shalamar D. Crude Oil PNSC 08/05/16 OP-II SC Shenzhen D. MEG East Wind 09/05/16 ALONG SIDE (East Wharves): 11/12 Sveti Dujam D. Meal WMA Shipcare 05/05/16 14/15 […]
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Foreign Currency Account Scheme
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 09-05-16 For 3 months and over but less than 6 months […]
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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 0.9083 09.05.16 CONVERSION RATES FOR 9TH MAY 2016 FOR FOREIGN […]
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Yen slips as Japanese officials move to stem rally
TOKYO, (APP/AFP) – The yen slipped Monday as Tokyo officials kept up their war of words in a bid to tame the surging currency, while the dollar won support as weak US jobs data failed to extinguish hopes for rate hikes this year. Prime Minister Shinzo Abe and other Japanese officials have been warning over […]