Business News

Spot rates of Cotton (Crop 2015-2016)

  • KARACHI, (APP): Karachi Cotton Association (KCA) on Wednesday 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 5,250 135 5,385 Equivalent 40 kgs 5,626 145 5,771

  • Shipping Activity at Port Qasim

    KARACHI, (APP): Two Container ships ‘CMA CGM Racine’ and ‘Maersk Denver’ were arranged berthing at Qasim International Container Terminal on Tuesday, March 8. Meanwhile seven more ships scheduled to load/offload containers, cement, palm oil, LNG and chemicals also arrive at outer anchoroge of Port Qasim during last 24 hours. Berth occupancy was observed at the […]

  • 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 Wednesday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.73 104.78 U.S $ (Cash Free Market) 105.60 105.80 SAUDIA RIYAL 27.95 28.15 UAE DIRHAM 28.75 29.00 EURO 115.50 116.50 UK POUND […]

  • Shanghai stocks snap six-day streak to end lower

    HONG KONG, (APP/AFP) – Shanghai stocks sank Wednesday to break a six-day winning streak as concerns over the Chinese economy returned to trading floors. The benchmark Shanghai Composite Index slid 1.34 percent, or 38.83 points, to 2,862.56, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 2.12 percent, or 37.10 points, […]

  • European stock markets nudge higher at open

    LONDON, (APP/AFP) – Europe’s main stock markets inched upward at the start of trading on Wednesday, with London, Frankfurt and Paris each gaining around 0.1 percent. London’s benchmark FTSE 100 index opened at 6,130.03 points compared with Tuesday’s close. In the eurozone, Frankfurt’s DAX 30 advanced slightly to 9,700.16 points and the Paris CAC 40 […]

  • 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 0.9007 09.03.16 CONVERSION RATES FOR MAR 9TH 2016 FOR […]