Business News

TAPI pipeline to help address energy shortages in Pakistan: ADB

  • ISLAMABAD, (APP): The shareholders of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Company Limited (TPCL) signed an investment agreement in Ashgabat (Turkmenistan) on Friday which would help address the energy shortages in the country. According to a statement issued by the Asian Development Bank (ADB) here, the ceremony was witnessed by petroleum ministers and senior government officials of […]

  • Yen dips against dollar as Tokyo warns over strength

    TOKYO, (APP/AFP) – The yen on Friday gave up some of this week’s strong gains against the dollar as a government official warned about the impact of its rally, which is threatening to damage Tokyo’s efforts to kickstart the economy. The Japanese currency has soared to 17-month highs since Monday as worries about the global […]

  • Foreign Currency Account Scheme

    KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association 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 08-04-16 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 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 0.8972 08.04.16 CONVERSION RATES FOR APR 8TH 2016 FOR […]

  • 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. 104.50 104.30 104.09 U.K. 147.01 146.72 146.42 EURO 118.79 118.56 118.31 CANADA 79.76 79.61 79.40 SWITZERLAND 109.21 109.00 108.71 AUSTRALIA 78.73 78.58 78.37 SWEDEN 12.79 12.76 12.49 […]

  • 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 Friday. U.S.A 105.55/ 103.04 S.ARABIA 28.00/ 27.60 U.K 148.48/ 144.96 JAPAN 0.9708/ 0.9472 EURO 119.97/ 117.13 U.A.E 28.74/ 27.47