The euro moved narrowly in Asia on Wednesday as investors looked for fresh trading pegs. The euro bought $1.3324 and 110.64 yen, compared with $1.3315 and 110.71 yen in New York late Tuesday. The dollar edged down to 82.97 yen from 83.15 yen in New York as Japanese exporters moved to repatriate income by the end of the current fiscal year this weekend. "There hasn't been any major news for the euro here," noted Kengo Suzuki, currency …

Two major US oil companies are interested in a four-country pipeline that would ship gas worth billions of dollars from Turkmenistan to India and Pakistan, a US government official said on Friday. The building of the US-backed "TAPI" pipeline through some of Afghanistan's most volatile regions presents a major challenge, adding to the project's other hurdles such as gas pricing and transit fees. "A couple of major US oil companies are interested," …

The yen strengthened against the dollar in Thursday morning trade after Japan posted an unexpected trade surplus in February, offering some hope for its plodding economy. The dollar eased to 83.13 yen before rebounding to 83.37 yen in Tokyo, still below 83.87 yen in New York late Wednesday. The euro was changing hands at $1.3227 and 110.26 yen compared with $1.3211 and 110.22 yen on Wednesday. Japan logged a trade surplus of 32.9 billion …

Prices of lentils have been increased by Rs3 to Rs29 per kilogram at Utility Stores across the country, Geo News reported Monday. The raise was made by the administration of Utility Stores, sources said. Daal Chana witnessed maximum rise of Rs29 per kg to 107 from 78; Daal Moong made expensive by Rs8 per kg to 118 from 110; Red Lobia up by Rs21 to 115 from 94; Daal Masoor by Rs3 to 78 from 75 and; Black Chana's price increased by Rs27 to …

In the currency market, the rupee ended weaker at 90.73/80 to the dollar compared to its close of 90.68/75 on Wednesday due to increased import payments, especially for oil. Dealers expect some pressure on the rupee because of rising global oil prices. Oil was trading close to $125 a barrel on Thursday. The rupee had been supported this week by remittances from overseas Pakistanis which rose 23.4 percent to $8.59 billion in the first eight …

The yen edged up against the dollar and the euro in Asian trade Tuesday as investors adjusted their positions. The dollar was trading at 81.42 yen in Tokyo morning trade, down from 81.53 yen in New York late Monday. The euro was changing hands at $1.3223 and at 107.58 yen compared with $1.3218 and 107.76 yen. "Although there are risks of a stronger yen coming from position-adjusting after the performances of stock markets in Europe and the United …

Pakistan's total liquid foreign reserves stood at $16,424.5 million on February 24, 2012, State Bank of Pakistan said Thursday. According to break-up, foreign reserves held by SBP were $12,062.3 million and net foreign reserves held by banks (other than SBP) $4,362.2 million.

Oil prices edged higher in Asian trade Thursday, supported by upbeat US economic data and fears over supply disruptions in the Middle East, analysts said. New York's main contract, light sweet crude for delivery in April, gained one cent to $107.08 in morning trade and Brent North Sea crude for April delivery was up 34 cents to $123.00. "Crude oil jumped back to positive territory... as the Federal Reserve said that the US economy expanded modestly …

The euro edged up in Asia on Wednesday, supported by positive expectations over the European Central Bank's second batch of low-interest loans to eurozone banks. The single currency fetched $1.3482 in Tokyo afternoon trade, compared with $1.3466 in New York late Tuesday. Against the yen, the euro was unchanged at 108.34. "There is a strong sense of anticipation," a senior trader at a major Japanese trust bank said as the market awaited a flood …

The National Price Monitoring Committee (NPMC) was informed here on Friday that the Consumer Price Index (CPI), which shows the general price trend in the country, decreased and recorded at 10.1% during last month. The NPMC, which met Secretary Finance Abdul Wajid Rana in the chair, was also informed that food and non-food inflation was recorded at 9.3% and 10.6% respectively, while Wholesale Price Index and Sensitive Price Index stood at 8.7% and …