Business News

US stocks hit records as Trump signals action on tax cuts

  • NEW YORK, (Millat + APP/AFP) – Wall Street stocks jumped to fresh records Thursday as President Donald Trump promised to release a much-anticipated plan for tax cuts soon. All three major US stock indices closed at new highs, with the Dow Jones Industrial Average rising 0.6 percent to end the day at 20,172.40. The broad-based […]

  • Tokyo stocks open sharply higher

    TOKYO, (Millat + APP/AFP) – Japanese stocks opened sharply higher Friday, following new records on Wall Street as US President Donald Trump promised to release details soon about a “phenomenal” tax cut plan. Tokyo’s benchmark Nikkei 225 index rose 1.58 percent, or 298.64 points, to 19,206.31 in the first few minutes of trade while the […]

  • Foreign Currency Account Scheme

    KARACHI, (Millat + APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Thursday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 09-02-17 For 3 months and over but less than […]

  • Foreign exchange rates

    KARACHI, (Millat + 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 1.3435 09.02.17 CONVERSION RATES FOR 9TH FEBRUARY […]

  • NBP Exchange Rates

    KARACHI, (Millat + 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. 104.60 104.40 104.19 U.K. 130.91 130.66 130.39 EURO 111.80 111.59 111.36 CANADA 79.52 79.36 79.16 SWITZERLAND 105.09 104.89 104.61 AUSTRALIA 79.75 79.59 79.39 SWEDEN 11.83 […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.65 103.14 S.ARABIA 28.03 26.37 U.K 132.22 129.08 JAPAN 0.9420 0.9192 EURO 112.92 110.25 U.A.E 28.76 26.37 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.3441 09-02-2017 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]