Business News

Foreign Currency Account Scheme

  • KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Monday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 29-03-16 For 3 months and over but less than 6 months […]

  • Tokyo stocks boosted by US GDP revision

    TOKYO, (APP/AFP): Tokyo stocks opened higher on Monday, boosted by optimism over the US economy after GDP figures were revised upwards over the weekend. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 0.74 percent, or 126.52 points, to 17,129.27 in opening deals. The broader Topix index of all first-section shares gained 0.67 […]

  • NBP Exchange Rates

    KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Monday 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. 147.68 147.40 147.10 EURO 116.65 116.42 116.19 CANADA 78.85 78.70 78.49 SWITZERLAND 106.92 106.71 106.43 AUSTRALIA 78.52 78.37 78.16 SWEDEN 12.57 12.55 12.52 […]

  • Spot rates of Cotton (Crop 2015-2016)

    KARACHI, (APP): Karachi Cotton Association (KCA) on Saturday 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 5,300 135 5,435 Equivalent 40 kgs 5,680 145 5,825

  • Pakistan receives US$ 502 million tranche

    ISLAMABAD, Mar 25 (APP): The International Monetary Fund (IMF) has approved the US$ 502 million transche for Pakistan. According to a statement issued by the Ministry of Finance here Friday, IMF’s board meeting was held in Washington and considered the 10th review report of the Extended Fund Facility (EFF) supported programme and accordingly approved the […]

  • PM approves 12 acre land for Sargodha dry-port: Ranjha

    SARGODHA, Mar 25 (APP): Parliamentary Secretary for Information and Broadcasting, Barrister Mohsin Shah Nawaz Ranjha on Friday said that allotment of 12 acre of land for establishment of dry-port at Sargodha was a gift by Prime Minister Muhammad Nawaz Sharif to the business community, growers, industry and people of the region. Speaking at a press […]