Business News

Foreign exchange rates

  • KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. 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 0.9041 06.04.16 CONVERSION RATES FOR APR 6TH 2016 FOR […]

  • 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 5,200 135 5,335 Equivalent 40 kgs 5,573 145 5,718

  • 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) 104.70 104.75 U.S $ (Cash Free Market) 105.35 105.55 SAUDIA RIYAL 27.95 28.15 UAE DIRHAM 28.65 28.85 EURO 118.90 119.90 UK POUND […]

  • 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 Tuesday. ALONG SIDE (Bulk Oil Pier): OP-I Winter D. Petrol Alpine 04/04/16 OP-II Sc Dalian L. Ethanol Alpine 03/04/16 Op-III Shalamar D. Crude Oil PNSC 03/04/16 ALONG SIDE (East Wharves): 2/3 Bulk Colombia D.Meal […]

  • Shanghai stocks rally for fourth session

    HONG KONG, (APP/AFP) – Shanghai shares climbed for a fourth straight session Tuesday as investors returned from a long weekend break, with last week’s better-than-forecast Chinese factory figures and upbeat US data providing support. The benchmark Shanghai Composite Index rose 1.45 percent, or 43.54 points, to close at 3,053.07. The Shenzhen Composite Index, which tracks […]

  • India’s central bank cuts key interest rate to 6.5 percent

    NEW DELHI, (APP/AFP): India’s central bank on Tuesday cut its key interest rate by a quarter of a percentage point to 6.5 percent, a five-year low, in line with expectations. The Reserve Bank of India said it would lower the benchmark repo rate, the level at which it lends to commercial banks, by 25 basis […]