Finance Minister Asad Umar on Thursday rebutted a news item about discussing exchange rate target with the International Monetary Fund. “No exchange rate target is even under discussion with the IMF,” Umar…
–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 news but admits that ‘healthy debates are…
—PSX slides by 750 points as uncertainty looms over IMF bailout for PTI govt —Rupee falls by 1.31 against dollar, analysts say govt should take investors and businessmen into confidence over policies…
–Rupee closes at Rs 133.6431 in interbank trading against greenback, declining by 7.542% –Rupee devaluation, IMF bailout possible reasons behind increase in dollar rate LAHORE: The rupee weakened by 10.24 per cent…
SBP says devaluation was triggered by payment pressures building within the market LAHORE: The rupee Tuesday depreciated Rs7.40 against the US dollar ($) after opening at Rs114.00 in ready session, and went as…
Maintaining that the state of panic among people is on the decline following the constant flow of cash at banks and ATMs, State Bank of India (SBI) chairperson Arundhati Bhattacharya said the…
Pakistani stocks closed steady on Thursday as the 2015-16 financial year draws to a close and ahead of a long holiday next week for Eid, dealers said. The benchmark 100-share index of…
The greenback is likely to decline in kerb and interbank markets this week as the State Bank of Pakistan (SBP) will receive 10th tranche of $497 million from the International Monetary Fund…
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 for selling. “There is ample supply of dollar…
Despite improvement in reserves and other economic indicators of Pakistan, the Rupee has started to weaken in Pakistan while the US currency will further improve its position till end of next June this year, analysts said.
KARACHI- The political uncertainty for the past month has lead to the appreciation of dollar against Pakistani rupee, a private news channel reported. Dollar was recorded at Rs 98 in July and…
KARACHI- Karachi Stock Exchange’s (KSE) benchmark 100-share index shot up to 1006 points at 28834.01 on Friday start, following an expectation to the end of political deadlock in the country, a private…
The US dollar rose by 70 paisas in the inter-bank market on Wednesday after which it touched the Rs 101.10 mark. Moreover, the Karachi Stock Exchange (KSE) 100-index staggered to the level…
The dollar continued to lose against the rupee as it dropped down to Rs 95.70 in the interbank on Tuesday. Analysts said the rupee started gaining strength after a grant received from…
KARACHI Dollar has further depreciated against rupee which according to Finance Minister Ishaq Dar is that the country’s economy has performed well during the first eight months of the current fiscal year…
Governor State Bank Yaseen Anwar has dispelled the impression that rupee devaluation has anything to do with agreement reached with IMF. Talking to media here on Thursday, he said the government had…
The rupee kept its historic downward journey against the dollar Wednesday on the back of ‘natural demand’ created by the Haj pilgrims. This negative trend in rupee-dollar parity also reflected on the…
