KARACHI: In response to the escalating hostilities with India, the State Bank of Pakistan (SBP) has issued instructions to commercial banks to closely monitor all foreign currency outflows, particularly transactions …
dollar
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Islamabad, March 28: The State Bank of Pakistan (SBP) acquired $5.5 billion from the interbank market between June and December 2024, and market analysts predict that the total dollar purchases …
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ISLAMABAD March 15:Â Despite a stable monetary policy, the Rupee weakened due to few key factors like historically, volatility has been observed during IMF reviews. Secondly, foreign exchange reserves remain under …
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EconomyLatest Updates
PSX hits 6.5-year high, Surpasses 50,000 points
by Hamza Irshadby Hamza IrshadISLAMABAD: On Tuesday, the Pakistan stock market exhibited robust momentum, surging past the 50,000-point benchmark after a hiatus of six years and five months. In the past month, the Pakistani …
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Economy
Pakistani Rupee (PKR) Emerges as September’s Top-Performing Currency: Bloomberg Report
by Hamza Irshadby Hamza IrshadPakistani Rupee Bloomberg reported on Thursday that the caretaker government’s continued crackdown on illegal dollar trade in Pakistan is propelling the Pakistani rupee to become the top-performing global currency in …
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EconomyLatest Updates
Dollar Dips to Rs 301, Achieving Parity in Both Interbank and Open Market
by Hamza Irshadby Hamza IrshadISLAMABAD: This morning, the US dollar (USD) experienced a decrease of 1.90 rupees in the interbank market and is currently trading at 301.05 rupees. Forex dealers reported a 1.90 rupee …
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Economy
Dollar loses Rs 32 vs PKR in four days after crackdown against $-dealers in different cities
$-Dealers ISLAMABAD: The Pakistani rupee (PKR) has exhibited remarkable strength against the US dollar in the open market after crackdown against $-dealers. It led to further gain of 4-rupee in …
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Latest Updates
The dollar crashed in the open market, falling below the inter-bank rate: Many $-dealers arrested, says Bostan
Dollar crashed ISLAMABAD: The value of the US dollar crashed in the open market on Thursday after the State Bank allowed leading banks to open foreign exchange companies. The central …
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Economy
The dollar lost Rs 23 in the open market in just three days after the crackdown against smugglers
Dollar lost Rs 23 ISLAMABAD: The US dollar shed more value for the third consecutive day on Thursday after the government initiated a stiff nationwide crackdown against smugglers and hoarders. …
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Dollar hits Rs 307 ISLAMABAD: The US dollar set a new record in inter-bank trading on Tuesday by hitting an all-time high level of Rs 307. The dollar-rupee exchange rate …