Business News

Global stocks gain again as dovish Fed move reverberates

  • NEW YORK, March 19 (APP/AFP): World stocks mostly ticked up Friday as global investors continued to digest the US Federal Reserve’s lowered path for future interest rate increases. US stocks rose for a third straight day, with the S&P 500 entering positive territory for the year following a 0.4 percent gain to 2,049.58. European stocks […]

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

  • 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-II Al Mahboobah L. Chemical GAC 16/03/16 OP-III Lahore D. Crude Oil PNSC 16/03/16 ALONG SIDE (East Wharves): 1 Chem Lyra D.Petrol Alpine 14/03/16 2/3 Cs Brave D.Meal […]

  • NBP Exchange Rates

    KARACHI, (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Thursday 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. 149.00 148.71 148.41 EURO 117.26 117.04 116.80 CANADA 79.83 79.67 79.46 SWITZERLAND 106.89 106.69 106.41 AUSTRALIA 79.50 79.35 79.14 SWEDEN 12.70 12.68 12.64 […]

  • 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 0.9123 17.03.16 CONVERSION RATES FOR MAR 17TH 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 105.55/ 103.04 S.ARABIA 28.00/ 27.60 U.K 150.49/ 146.92 JAPAN 0.9379/ 0.9151 EURO 118.44/ 115.63 U.A.E 28.74/ 27.47