Business News

Spot rates of cotton

  • KARACHI, (MILLAT+APP): Karachi Cotton Association (KCA) on Wednesday 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 6,450 135 6,585 Equivalent 40 kgs 6,912 145 7,057

  • Hong Kong stocks end sharply higher

    HONG KONG, MILLAT+(APP/AFP) – Hong Kong shares rallied Wednesday as a pick-up in China’s yuan eased concerns about the world’s number two economy and outflows of cash from the mainland. Hong Kong’s Hang Seng Index added 1.13 percent, or 257.29 points, to close at 23,098.26. The benchmark Shanghai Composite Index added 0.14 percent, or 4.24 […]

  • Kerb currency market

    KARACHI, (MILLAT+APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Wednesday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.84 104.89 U.S $ (Cash Free Market) 108.20 108.40 SAUDIA RIYAL 28.70 28.95 UAE DIRHAM 29.50 29.75 EURO 114.90 116.40 UK POUND […]

  • European stock markets rebound at open

    LONDON, (MILLAT+APP/AFP) – Europe’s main stock markets recovered at the start of trading Wednesday, with London’s FTSE 100 up 0.5 percent to 7,256.31 points after falling sharply the previous session. In the eurozone, Frankfurt’s DAX 30 index grew 0.5 percent to 11,592.12 points and the Paris CAC 40 won 0.3 percent to 4,874.31 compared with […]

  • Tokyo stocks close higher after yen rally stalls

    TOKYO, (MILLAT+APP/AFP) – Tokyo stocks closed higher Wednesday, reversing early losses on bargain hunting and as the yen retreated from a rally against the dollar. The market got off to a weak start after US President-elect Donald Trump’s comment that the dollar was too strong lifted the yen. But the currency’s rally proved was short-lived. […]

  • EXCHANGE RATES FOR CURRENCY NOTES

    SELLING BUYING U.S.A 105.65 103.14 S.ARABIA 28.03 26.37 U.K 130.30 127.22 JAPAN 0.9341 0.9115 EURO 112.98 110.31 U.A.E 28.76 26.36 LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS LIBOR VALUE 6 Mths US Dollar 1.3316 18-01-2017 INTEREST RATES ON OLD & INCREMENTAL F.C.Y DEPOSITS Rate % p.a. USD 0.1000 GBP 0.1000 1PY 0.0000 BILL […]