Business News

Shipping Activity at Port Qasim

  • KARACHI, (APP): Brisk shipping was recorded at the Port where six ships C.V Maersk Detroit, M.V Han De, M.V Alam Mutiara, M.T Agiri, M.T Al-Gottara and M.T Feng Hai-6 carrying Containers, 1,498 tonnes General cargo, 40,000 tonnes Coal, 61,498 tonnes Furnace oil, 141,000m3 LNG and 18,500 tonnes Palm oil were allotted berths at Qasim International […]

  • 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 Wednesday. ALONG SIDE (Bulk Oil Pier): OP-I New challenge D. Petrol Wihelmsen 27/02/16 OP-II Mid Fortune D. Chemical East Wind 01/02/16 OP-III Bunga Laurel D. Chemical Alpine 01/02/16 ALONG SIDE (East Wharves): 1 EL […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.44 102.95 S.ARABIA 27.98 27.57 U.K 147.12 143.64 JAPAN 0.9262 0.9038 EURO 114.53 111.81 U.A.E 28.71 27.45 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 0.8807 02-01-2016 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 JPY 0.0000 BILL […]

  • China, Hong Kong stocks surge after central bank boost

    HONG KONG, (APP/AFP): Chinese shares were up strongly by the break on Wednesday, rallying for a second day, after the central bank cut reserve requirements to boost the sluggish economy, dealers said. The benchmark Shanghai Composite Index jumped 2.25 percent, or 61.42 points, to 2,794.59. The Shenzhen Composite Index, which tracks stocks on China’s second […]

  • Foreign Currency Account Scheme

    KARACHI, (APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Wednesday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 02-03-16 For 3 months and over but less than 6 months […]

  • 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 0.8859 02.03.16 CONVERSION RATES FOR MAR 2ND 2016 FOR […]