LONDON, (APP/AFP) – Europe’s main stock markets slid at the open Friday following losses in Asia and on Wall Street as the US economy grew much slower than expected in the first quarter. London’s benchmark FTSE 100 index dropped 0.8 percent to 6,269.31 points compared with Thursday’s closing level. In the eurozone, Frankfurt’s DAX 30 […]
Business News
European stock markets drop at open
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BASF says feeling pinch from low oil price
FRANKFURT, (APP/AFP): German chemicals giant BASF said Friday that its first-quarter business took a hit from low oil prices, but bottom-line profit increased nevertheless thanks to lower taxes. BASF said in a statement that net profit rose by 18 percent to 1.4 billion euros ($1.6 billion) in the period from January to March. But that […]
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Foreign Currency Account Scheme
KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Assocaition of Pakistan issued the following Base Rate, here on Friday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 29-04-16 For 3 months and over but less than 6 months […]
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NBP Exchange Rates
KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday 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. 153.17 152.87 152.56 EURO 119.09 118.86 118.62 CANADA 83.50 83.34 83.12 SWITZERLAND 108.49 108.28 108.00 AUSTRALIA 79.98 79.83 79.62 SWEDEN 13.00 12.79 12.94 […]
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EXCHANGE RATES FOR CURRENCY NOTES
SELLING BUYING U.S.A 105.65 103.14 S.ARABIA 28.03 26.38 U.K 154.70 151.03 JAPAN 0.9844 0.9605 EURO 120.28 117.43 U.A.E 28.76 26.36 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 0.9119 29-04-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 JPY 0.0000 BILL […]
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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 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 0.9139 29.04.16 CONVERSION RATES FOR APR 29TH 2016 FOR […]