COLOMBO, (APP/AFP): The IMF has agreed a $1.5 billion loan for Sri Lanka in support of economic reforms aimed at reversing a two-decade decline in tax revenue and reviving growth, it said Friday. The International Monetary Fund’s chief for Sri Lanka, Todd Schneider, said a staff-level agreement was reached to release $1.5 billion over a […]
Business News
IMF announces $1.5 bn loan for Sri Lanka
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Spot rates of cotton (Crop 2015-2016)
KARACHI, (APP): Karachi Cotton Association (KCA) on Thursday 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
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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 Thursday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.82 104.87 U.S $ (Cash Free Market) 105.00 105.20 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.60 28.80 EURO 118.80 119.80 UK POUND 152.60 […]
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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 Thursday. ALONG SIDE (Bulk Oil Pier): OP-I Nave Rigel D. Petrol Alpine 26/04/16 OP-II Mariella Bottiglieri D. Petrol Alpine 26/04/16 OP-III Shalamar D. Crude Oil PNSC 27/04/16 ALONG SIDE (East Wharves): 1 As Orelia […]
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Oil dips in Asia after hitting 2016 highs
SINGAPORE, (APP/AFP) – Oil prices dipped in Asia Thursday as traders took profits after crude costs hit a new high for the year in response to falling US production. Prices surged to 2016 peaks for the second straight day Wednesday after the Federal Reserve left interest rates unchanged but appeared less concerned about global conditions, […]
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European stock markets drop at open
LONDON, (APP/AFP) – Europe’s main stock markets slid at the start of trading on Thursday after Tokyo fell heavily as the Bank of Japan decided against fresh stimulus measures. The move by the BoJ came after the Federal Reserve provided a positive outlook on the global economy, highlighting mixed signals from the world’s leading central […]