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#Dollar

Alvi approves 4 new ordinances to fulfil IMF program’s requirements

DTD- Nov 30, 2023

Pakistani rupee rises against US dollar after extension in Saudi $3b deposit President Arif Alvi Thursday approved four new ordinances under the IMF program. The President approved the NHA Amendment Ordinance 2023. The President also…

Pakistan

PSX crosses historic 60,000 points mark

DTD- Nov 28, 2023

During the week, a total of 1.87 billion stocks were bought and sold in the market. The Pakistan Stock Exchange (PSX) continued its bullish trend to break another record by crossing 60,000 points for the first time in its history on…

Pakistan

Gold rates continue to increase in Pakistan

DTD- Nov 25, 2023

KARACHI: The gold rates recorded increase in Pakistan as per tola price witnessed an increase of Rs800 in the local market on Saturday. The gold prices recorded a surge of Rs2,200 per tola to settle at Rs216,500 in the local market,…

Pakistan

Rupee makes recovery against US dollar

DTD- Nov 17, 2023

The Pakistani rupee gained 83 paise against the US dollar in the interbank market on the back of investor enthusiasm over a staff-level agreement between Pakistan and the International Monetary Fund (IMF), a private news channel reported on…

Pakistan

Rupee gains 1.68 against US dollar in interbank

DTD- Nov 16, 2023

Following the agreement on the first review of the $3 billion, nine-month Stand-By-Arrangement (SBA), the Pakistani rupee appreciated Rs1.68 against the US dollar (USD) in the interbank on Thursday, media reported. On Wednesday, the…

Editor's Pick

WB withdraws suggestion about taxing Rs50,000 or less income

DTD- Oct 8, 2023

Rupee resilience sparks hope for macroeconomic stability, Islamabad_The World Bank (WB) has withdrawn its recommendation regarding the imposition of tax on those with a monthly income of Rs50,000 or less. The global lender said this…

Editor's Pick

State Bank issues clarification on bank deposits

DTD- Oct 5, 2023

Islamabad_In its clarification, the central bank said that customer deposits are “perfectly safe” owing to the sound banking system in Pakistan. “The banking system in Pakistan is adequately capitalized, highly liquid and profitable with…

Editor's Pick

US dollar sheds 1.10 Pakistani rupee

DTD- Sep 27, 2023

Pakistan secures $5.4bn inflows in first two months of fiscal year, ISLAMABAD –KARACHI: US dollar (USD) dropped by 1.10 Pakistani rupee (PKR) in interbank trading on Wednesday morning, “The USD goes down by 1.10 PKR and…

Editor's Pick

Dollar rate Rs 290.80 in interbank

DTD- Sep 25, 2023

KARACHI: The US dollar (USD) dropped by 0.96 Pakistani rupee (PKR) in interbank and trading at 290.80 rupees on Monday, “The USD goes down by 0.96 PKR this morning and trading in interbank at Rs290.80”, foreign exchange dealers have…

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