Business News

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 5,250 135 5,385 Equivalent 40 kgs 5,626 145 5,771

  • 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) 104.72 104.77 U.S $ (Cash Free Market) 105.70 105.90 SAUDIA RIYAL 27.95 28.15 UAE DIRHAM 28.75 28.95 EURO 115.50 116.50 UK POUND […]

  • Shanghai stocks shake off export data to end higher

    HONG KONG, (APP/AFP) – Shares in Shanghai ended slightly higher Tuesday thanks to a late rally, with speculation of state-buying after data showed February exports plunged at their sharpest rate in almost seven years. The benchmark Shanghai Composite Index edged up 0.14 percent, or 4.05 points, to 2,901.39 and the Shenzhen Composite Index, which tracks […]

  • 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 Adfines Sun D. Chemical Alpine 07/03/16 OP-II Lahore D. Crude Oil PNSC 07/03/16 OP-III Leopard D. Petrol Alpine 04/03/16 ALONG SIDE (East Wharves): 5 Mathawee Naree D.Steel […]

  • Tokyo shares drop on stronger yen, China economy worries

    TOKYO, (APP/AFP) – Tokyo shares fell Tuesday as a stronger yen hit exporters, while a slump in China’s exports reignited worries about a slowdown in the world’s second-largest economy. The benchmark Nikkei 225 index at the Tokyo Stock Exchange slipped 0.76 percent, or 128.17 points, to close at 16,783.15 yen, while the broader Topix index […]

  • 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 Tuesday. U.S.A 105.55/ 103.04 S.ARABIA 28.01/ 27.60 U.K 150.43/ 146.86 JAPAN 0.9337/ 0.9110 EURO 116.29/ 113.54 U.A.E 28.74/ 27.47