Business News

Asia markets closed for holidays

  • HONG KONG, Jan 27 (APP/AFP) – Kuala Lumpur, Seoul, Shanghai and Taipei financial markets are closed on Friday for public holidays.

  • Japan says CPI falls 0.3% in 2016, first fall in 4 years

    TOKYO, Jan 27 (APP/AFP) – Japan’s consumer price index dropped 0.3 percent in 2016, the first annual fall in four years, government data showed Friday, in another setback for Tokyo’s efforts to counter deflation. Japan has been struggling to reverse a years-long deflationary spiral of falling prices and lacklustre economic growth.

  • Hong Kong stocks open lower

    HONG KONG, Jan 27 (APP/AFP) – Shares edged down in the first few minutes of trade Friday following a four-day rally and as global traders took a breather after recent gains. The Hang Seng Index dipped 0.14 percent, or 32.77 points, to 23341.40. Mainland Chinese markets are closed for a public holiday.

  • 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 Monday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 23-01-17 For 3 months and over but less than 6 months […]

  • Foreign exchange rates

    KARACHI, MILLAT+(APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday. 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 1.3516 23.01.17 CONVERSION RATES FOR 23RD JANUARY 2017 FOR […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.95 103.44 S.ARABIA 28.11 26.45 U.K 131.65 128.53 JAPAN 0.9324 0.9098 EURO 113.83 111.14 U.A.E 28.85 26.44 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.3385 23-01-2017 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]