HONG KONG, (APP/AFP): Hong Kong stocks sank Wednesday, in line with a regional sell-off following losses in New York and Europe as investors grow concerned about the state of the world economy. The Hang Seng Index in Hong Kong fell 0.73 percent, or 151.11 points, to 20,525.83. The benchmark Shanghai Composite Index flipped back and […]
Business News
Hong Kong stocks end down on global economy fears
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NBP Exchange Rates
KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates: Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A. 104.60 104.40 104.19 U.K. 151.96 151.67 151.36 EURO 120.10 119.87 119.63 CANADA 82.21 82.05 81.83 SWITZERLAND 109.34 109.13 108.84 AUSTRALIA 78.38 78.23 78.03 SWEDEN 12.97 12.94 12.91 […]
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Dollar climbs as Fed officials talk up rate hike
SINGAPORE, (APP/AFP) – The dollar rallied Wednesday after comments by two regional Fed officials stoked speculation the US central bank could consider raising interest rates next month. A sell-off in global stocks on fears of a slowing world economy is also leading traders to flee higher-yielding, riskier, investments sending emerging market currencies tumbling. At around […]
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KPT Shipping Movements Report
KARACHI, (APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 48 hours, ending at 0700 hours on Tuesday. SHIPS SAILED: X-Press Euphrates Overseas Kythnos Hanjin Scarlet Seoyoung Grance Victoria SHIPS BERTHED: MSC Lana Container Ship Hansa Neuburg Container Ship Bluf April Tanker Anke Container Ship Nave Rigel Tanker Pyxis Malou […]
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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) 104.75 104.80 U.S $ (Cash Free Market) 104.80 105.00 SAUDIA RIYAL 27.80 28.00 UAE DIRHAM 28.50 28.70 EURO 120.75 121.75 UK POUND […]
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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