M&S Logs Mixed Annual Profits Amid Overhaul
London, (UrduPoint / Pakistan Point News - 22nd May, 2019 ) :British clothing-to-food retailer Marks & posted mixed annual profits and sagging sales on Wednesday, weighed down by challenging conditions and an ongoing overhaul.
Turkey Halves Import Tariffs On 22 US Goods - Trade Minister
ANKARA (UrduPoint News / Sputnik - 22nd May, 2019) will halve duties on 22 US goods as a response to 's move to decrease duties on Turkish steel 50 percent to 25 percent, Turkish Trade Minister Ruhsar Pekcan said on Wednesday.
Chinese Surveillance Giants' Stocks Dive On US Blacklist Report
Beijing, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):Shares in two top Chinese surveillance firms plunged Wednesday following reports Washington is considering banning them from buying US components, just as the blacklisting of telecoms giant Huawei fanned their escalating tech war. The move -- over alleged human rights abuses -- would make it harder for Hangzhou Hikvision ...
Rupee gains 50 paisa against US dollar in early trade
The devaluation is observed days after the Prime Minister?s Adviser on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Sheikh announced to have finalised a three-year bailout with the International Monetary Fund (IMF) for $6 billion.
European Stocks Wobble At Open 22 May 2019
London, (UrduPoint / Pakistan Point News - 22nd May, 2019 ) :European stock wobbled in initial trading on Wednesday, with 's FTSE 100 index up 0.4 percent to 7,356.46 points. In the eurozone, 's DAX 30 was flat at 12,141.46 points, while the CAC 40 receded 0.1 percent to 5,381.69 compared with Tuesday's closing levels.
WAPDA signs 9.98 billion rupees consultancy agreement for Mohmand dam
Water Resources Minister Muhammad Faisal Vawda, senior officers and representatives of the Joint venture consulting firms were also present on the occasion. Mohmand Dam Hydropower Project, being constructed on River Swat in Tribal Mohmand district of Khyber Pakhtunkhwa with gross water storage capacity of 1.2 million acre feet and power generation capacity of 800 megawatt. ...
Pound At Four-month Lows As Brexit Rumbles, Asian Equities Simmer
Hong Kong, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):The British pound was rooted at four-month lows Wednesday after British MPs slammed Theresa May's latest plan to push through her Brexit plan, increasing the chances of a no-deal divorce, while Asian markets drifted as dealers fret over China-US tensions. May called the new proposals this parliament's "last ...
Pakistan’s current account deficit in April widens by 43 per cent: SBP
KARACHI: Pakistan?s current account deficit in April widened by 43 per cent, State Bank of Pakistan (SBP) announced on Wednesday. Pakistan's central bank raised its key interest rate by 150 basis points to 12.25 percent on Monday, citing continuing inflationary pressures, a high fiscal deficit, and recent exchange rate depreciation. The central bank had previously raised the interest rate ...
Venezuelan Central Bank Rebuffs Reports Claiming It Plans To Ditch Visa, Mastercard
MEXICO CITY (UrduPoint News / Sputnik - 22nd May, 2019) The Central Bank of Venezuela refuted reports saying that it was planning to suspend Visa, Mastercard and Maestro operations by the end of January 2020. Earlier this week, Banca y Negocios news portal reported that the bank and the country's banking sector regulator SUDEBAN decided to launch their own ...
Beijing's State-owned Enterprises' Assets Exceeds 5 Tln Yuan
BEIJING, (UrduPoint / Pakistan Point News - 22nd May, 2019 ) :The total assets of 's state-owned companies has exceeded 5 trillion (723 U.S. ) by the end of , local authorities said Wednesday. From to , 's state-owned enterprises generated nearly 496 yuan in revenue, up 11.3 percent year-on-year, with a profit of ...
Tokyo's Nikkei Closes Flat Amid US-China Trade Tension 22 May 2019
Tokyo, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):Tokyo's key Nikkei index closed flat on Wednesday with US-China trade tensions weighing on investors despite Washington's decision to delay a ban on Chinese telecoms giant Huawei.
Bank Foreign Currency Selling/Buying Rate In Pakistan 22 May 2019
KARACHI, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday. U.S.A 153.87/ 150.02 S.ARABIA 40.74/ 39.17 U.K 195.62/ 190.73 JAPAN 1.3930/ 1.3574 EURO 171.72/ 167.42 U.A.E 41.83/ 38.29
Bank Foreign Currency Exchange Rate In Pakistan 22 May 2019
KARACHI, (UrduPoint / Pakistan Point News - 22nd May, 2019 ) :04-NBP-Rates-2-Karachi (22-05-19) RATES FOR NOTES SELLING BUYING U.S.A 153.87 150.02 S.ARABIA 40.74 39.17 U.K 195.62 190.73 1.3930 1.3574 171.72 167.42 U.A.E 41.83 38.29 LIBOR FOR CALCULATING INTEREST ON SPECIAL US LIBOR VALUE 6 Mths US 2. USD 0.1000 0.1000 ...
Bank Foreign Currency Exchange Rate In Pakistan 22 May 2019
45 110.08 109.79 DENMARK 22.76 22.69 22.63 SAUDI ARABIA 40.62 40.49 40.38 HONG KONG 19.41 19.34 19.29 CHINA 22.14 22.07 22.01 KUWAIT 500.48 498.83 497.52 MALAYSIA 36.40 36.28 36.19 NEWZEALAND 99.02 98.69 98.43 QATAR 41.84 41.70 41.59 U.A.E 41.41 41.28 41.17 KR WON 0.1275 0.1270 0.1267 THAILAND 4.764 4.748 4.736 CONVERSION FOR FC DEPOSITS, DBC/FCBC, SPECIAL USD BOND US DOLLAR POUND STERLING EUR JAPANESE YEN 140.2599 184.9327 158.6480 1.2725 ...
Foreign Currency Account Exchange Rate In Pakistan 22 May 2019
FOREIGN ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE AUTHORIZED DEALERS U.S. VALUE 22-05-19 For 3 months and over but less than 6 months 2.2734% PA 3.0234% PA For 6 months and over but less than 12 Months 2.3098% PA 3.0598% PA For 12 months 2.3969% PA 3.2719% PA For 2 Years 2.3969% PA 3.7719% PA For 3 Years 2.3969% PA ...
Foreign Exchange Rate Open Market Rate In Pakistan 22 May 2019
KARACHI, (UrduPoint / Pakistan Point News - 22nd May, 2019 ) :The Rates Committee of Financial Association of issued the following exchange rates bulletin, here on Wednesday. LIBOR VALUE 6 MONTHS US 2.5597 22.05.2019 CONVERSION RATES FOR 22ND FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS) SBP SETTLEMENT VALUE 24, 2019 USD 151.8477 GBP 192.6947 EUR ...
US Stocks Rally On Huawei Reprieve As Pound Gyrates On Brexit News 22 May 2019
New York, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):Global stocks rallied Tuesday as the United States took a step away from imposing crushing restrictions on Chinese telecom company Huawei, while the pound gyrated on fresh Brexit drama. Nate Thooft, senior portfolio manager of Manulife Asset Management, said Huawei seems to be a "bargaining chip" in the ...
Hong Kong Stocks Rise In Morning Session 22 May 2019
Hong Kong, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):Hong Kong shares headed into the break on a positive note as investors tracked a rally on Wall Street, though trade frictions and the Huawei row tempered gains.
Chinese Ambassador Blames US For Sinking Trade Deal
Washington, (UrduPoint / Pakistan Point News - 22nd May, 2019 ):China's ambassador to the United States said in a Tuesday interview with Fox News that Washington repeatedly "changed its mind overnight" and sunk deals that could have ended the two countries' trade war. After a six month ceasefire, the standoff erupted anew on May 10 when the United States ...
Saudi Aramco Says To Buy 5Mln Tonnes Of LNG Annually During 20 Years From US Sempra Energy
MOSCOW (UrduPoint News / Sputnik - 22nd May, 2019) Aramco, national , said in a statement on Wednesday that it had agreed with US energy infrastructure Sempra Energy to during a 20-year period 5 tonnes of liquefied natural (LNG) per annum Sempra Energy's LNG.
