exchange
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Remittances jump 29% YoY in Sept on exchange rate stability
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An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016.— Reuters Remittances sent home by overseas workers jumped 29% year-on-year (YoY) to $2.849 billion in September from $2.208 billion in the same…
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Foreign exchange reserves reach 26-month high | The Express Tribune
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KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $33 million, reaching a 26-month high of $9.43 billion for the week ending August 30, 2024, according to the central bank’s latest update. The continued…
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China reports $3.22 trillion in foreign exchange reserves | The Express Tribune
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China’s foreign exchange reserves stood at 3.2224 trillion U.S. dollars at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange (SAFE) said, attributing…
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Pakistan Stock Exchange witnesses bearish trend, loses 501 points | The Express Tribune
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ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) saw a bearish trend on Monday, losing 501.46 points, or 0.68%, to close at 73,252.56 points, down from 73,754.02 points the previous day. A total of 350.7 million shares valued at…
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PSX once again wins Best Islamic Stock Exchange Award
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An investor looking at the benchmark KSE-100 in this undated picture. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Monday was recognised as the Best Islamic Stock Exchange with an award for a third consecutive year by the Global…
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SBP tightens grip on exchange companies | The Express Tribune
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KARACHI: In the midst of an intensified crackdown against foreign currency smuggling and illicit hawala-hundi operations, the State Bank of Pakistan (SBP) has unveiled a series of stringent measures aimed at reforming the currency exchange sector. Currency exchange companies categorised…
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Exchange rate difference remains high | The Express Tribune
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KARACHI: The difference between rupee-dollar exchange rates in inter-bank and open markets has remained significantly high compared to the International Monetary Fund’s (IMF) recommended level of 1.25%, breaching a lender’s condition and putting question mark over the ongoing $3 billion…
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Foreign exchange reserves rise to $4.4b | The Express Tribune
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KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a significant surge of 9.6% on a week-on-week basis, as reported by data released by the SBP on Thursday. As of June 30, the SBP’s foreign…
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Foreign exchange reserves decline to $4.09bn as Pakistan considers fresh IMF deal
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$100 bills. — AFP/File Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased to $4.09 billion as the liquidity-challenged country mulls starting a fresh bailout programme with the International Monetary Fund (IMF) programme without completing the…
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Imran Khan, PM Shehbaz exchange blame for current economic crisis
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Prime Minister Shehbaz Sharif and PTI Chairman Imran Khan. — AFP/File Prime Minister Shehbaz Sharif blasted former premier and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Monday for criticising the incumbent government’s economic policies, saying that he had “conveniently forgotten his…
