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Browsing Tag
#centralbank
SBP informed public old design large size banknotes couldn’t exchanges after Dec 31, 2022
Karachi: (Web Desk) The State Bank of Pakistan (SBP) informed the public that old design large size banknotes could not be exchanged after December 31, 2022.
According to press statement issued by the central bank, the federal government…
US dollar remains to gain ground against PKR, Pakistan Central Bank
Karachi: (Business) The US dollar continues to gain ground against the Pakistani rupee after a fresh appreciation.
According to details, the local currency depreciated by 86 paisa against the greenback which was being traded around at…
Pakistani Rupee continues streak against dollar in third day as well
Karachi: (Staff Reporter) Pakistani currency continued to stabilize for the third working day of the week, as it made fresh recovery against the US dollar in the inter-bank market on Wednesday.
According to details, the local currency…
Traders struggled to claw back losses
Hong Kong (Web Desk) The dollar lost a little of its strength after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession…
Pakistani Currency stabilized again in inter-bank
Karachi: (Staff Reporter) today Pakistani currency continued to stabilize for the second working day of the week, as it made fresh recovery against the US dollar in the inter-bank market.
As per details, according to Pakistan’s central…
No ‘painless’ way to defeat high inflation: Fed’s Powell
New York: (Agency/Web Desk) Federal Reserve Chair Jerome Powell cautioned that conquering high US inflation will require a slowdown of the economy which will raise unemployment.
Furthermore "We have got to get inflation behind us. I wish…
Soaring prices have pushed annual inflation to a 40-year high
Washington: (Web Desk) The Federal Reserve is poised to unleash another massive interest rate increase this week after the latest data showed a worrying US inflation picture, which confirmed the need for the central bank to continue to act…