Business News

Foreign Currency Account Scheme

  • KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Assocaition of Pakistan issued the following Base Rate, here on Thursday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 28-04-16 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 Thursday. 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 0.9119 28.04.16 CONVERSION RATES FOR APR 28TH 2016 FOR […]

  • Currency rates of NBP

    KARACHI, (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. U.S.A 105.65/ 103.14 S.ARABIA 28.03/ 26.38 U.K 153.55/ 149.91 JAPAN 0.9667/ 0.9433 EURO 119.72/ 116.89 U.A.E 28.76/ 26.36

  • New Zealand leaves interest rates at record low

    WELLINGTON, (APP/AFP): New Zealand’s central bank left interest rates at a record low of 2.25 percent on Thursday but warned it will consider lowering them if inflation remains below target. In a widely expected decision, the Reserve Bank of New Zealand opted to wait and assess the impact of a shock 0.25 percentage point cut […]

  • Oil dips in Asia after hitting 2016 highs

    SINGAPORE, (APP/AFP) – Oil prices dipped in Asia Thursday as traders took profits after costs hit a new high for the year in response to falling US crude 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, […]

  • Shipping activity at Port Qasim

    KARACHI, (APP): Four ships C.V Maersk Atlanta, M.T Yas, M,.V Hope Star, and M.V Cerulean containers, Project Terminal, Engro Vopak Terminal and Multi Purpose Terminal respectively on Tuesday. Meanwhile three more ships Maersk Stepnica, C.V UASC Al-Khor and M.T White Purl with containers and LPG also arrived at outer anchorage of Port Qasim During last […]