Tag: Dollar

Trump says US should start manipulating the dollar

WASHINGTON: President Donald Trump on Wednesday accused China and Europe of playing a “big currency manipulation game.” He said the United States should match...

FIA cracks down on dollar hoarders

ISLAMABAD: The Federal Investigation Agency (FIA) on Saturday decided to launch a crackdown against dollar hoarders as well as those involved in Hawala and...

Govt lets rupee down!

--Dollar touches all-time high at Rs 146 before rupee bounces back to 144  --Further devaluation on the cards after open market allowed to regulate currency...

Mystery shrouds Asad Umar’s resignation rumours

--Finance minister reportedly offered to resign after PM Imran, Tareen criticised him for giving SBP 'free hand' in devaluing rupee --Finance Ministry statement rejects resignation...

Dollar hike: ‘Don’t worry’, PM tells nation

ISLAMABAD: Prime Minister Imran Khan on Friday said that people should not worry about the recent hike in the price of United States (US) Dollar against Pakistani...

Increase in US Dollar price is proof that govt agreed to...

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Friday said that the increase in the US Dollar price is proof that the government...

Shah seeks govt’s response over record surge in dollar rate

ISLAMABAD: Pakistan People’s Party (PPP) senior leader Syed Khursheed Shah on Wednesday said the current economic situation of the country was ‘very serious’ with...

Rupee nosedives to 118 against mighty dollar amid economic strains

SBP says devaluation was triggered by payment pressures building within the market LAHORE: The rupee Tuesday depreciated Rs7.40 against the US dollar ($) after...

‘Former housing minister behind FGEHF scam’: report

ISLAMABAD: Member of the Public Accounts Committee (PAC) on Wednesday claimed in a meeting of the committee that the former minister for housing and...

British Pound falls vs Euro, Dollar as threat of further cuts...

    Pound sterling was notably lower on Tuesday as the Bank of England commenced its quantitative easing programme. Investors rushed to sell bonds to the Bank...

Dollar again touches Rs 106 as demand increases in KP and...

The greenback once again shot up in the open currency market touching Rs 106 for buying and Rs 106.30 for selling as the Afghan...

Dollar traders go back to data watching to test rally’s strength

  Currency traders are going back to basics, set to watch the performance of the US economy more closely than political events to discern the...

Pound weak on post-Brexit fallout

    The pound was sitting at three-decade lows Monday morning as currency markets were left reeling from Britain's shock decision to leave the European Union. Sterling...

Greenback likely to slide as Pakistan set to receive 10th IMF...

  The greenback is likely to decline in kerb and interbank markets this week as the State Bank of Pakistan (SBP) will receive 10th tranche...

Dollar shoots up in kerb market again

  Open market remains volatile despite significant foreign exchange reserves and decreasing oil import bills Despite rising reserves and lower oil imports bill of the country,...

Rupee gains Rs 1.70 against dollar in Interbank

  The Pakistani rupee gained Rs 1.70 against the greenback in the interbank market on Tuesday  losing at Rs 103.50 for buying and Rs 103.60...

Greenback moves up in open market to close at Rs 106.80

Interbank and kerb market rates vary by Rs 1.40, with rates lower in interbank currency exchange, triggering fears this may be a prelude to...