Business News

Tokyo stocks close up, Toshiba dives on huge loss reports

  • TOKYO, (MILLAT+APP/AFP) – Tokyo stocks closed higher Thursday as a weaker yen boosted exporters, but Toshiba plunged on reports of huge losses in its US nuclear power business. The Nikkei 225 index rose 0.94 percent, or 177.88 points, to 19,072.25 by the close, while the Topix index of all first-section issues was up 0.94 percent, […]

  • ECB enters 2017 in battle to hold steady course

    FRANKFURT AM MAIN, (MILLAT+APP/AFP) – The European Central Bank will not deviate from its ultra-loose monetary policy at its first 2017 meeting Thursday, analysts predicted, in the face of calls to tighten from critics alarmed by rising inflation. Policymakers at the Frankfurt institution chose in December to keep interest rates at historic lows and extend […]

  • 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 1.3324 19.01.17 CONVERSION RATES FOR 19TH JANUARY 2017 FOR […]

  • 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 19-01-17 For 3 months and over but less than 6 months […]

  • 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. 128.42 128.18 127.91 EURO 111.30 111.09 110.86 CANADA 78.86 78.71 78.51 SWITZERLAND 103.91 103.71 103.44 AUSTRALIA 78.68 78.53 78.32 SWEDEN 11.70 11.67 11.64 […]

  • Currency rates of NBP

    KARACHI, MILLAT+(APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. U.S.A 105.65/ 103.14 S.ARABIA 28.03/ 26.37 U.K 129.71/ 126.63 JAPAN 0.9226/ 0.9002 EURO 112.42/ 109.76 U.A.E 28.76/ 26.36