market
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Military helps stifle currency black market | The Express Tribune
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[ad_1] KARACHI/PESHAWAR: When the military was called on to help defend the ailing rupee, licenced foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other cities shuttered their shops before they got taken…
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US, China at each other’s throats for lion’s share of over $100b AI chip market
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[ad_1] Illustration of a semiconductor chip and OpenAI’s generative artificial intelligence platform GPT-4 – Unsplash/file Tremendous progress in artificial intelligence (AI) is leading to significant revenue generation due to increased demands in semiconductor production, which is expected to exceed $100 billion by…
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Rupee sheds over Re1 in interbank market
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[ad_1] A currency exchange dealer counts $100 bills in this undated picture. — AFP/File Rupee on Monday depreciated by over Re1 against the dollar in the interbank market. According to the State Bank of Pakistan (SBP), the rupee closed at…
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Rupee loses Rs4 against US dollar in open market
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/File The local currency on Tuesday witnessed a significant fall in its value against US dollar owing to falling remittances and prevailing…
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Gold prices go up locally amid rise in international market
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[ad_1] A shopkeeper sets gold jewellery at his store in Rawalpindi in this undated file photo. — AFP/File KARACHI: International rates of gold pushed prices in the local market by more than Rs2,000 per tola on Thursday. The price of…
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In Gulf tour, Japanese PM eyes energy ties, Qatar’s LNG market
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[ad_1] An image of Japan’s Prime Minister Fumio Kishida attending the UAE-Japan Business Forum in Abu Dhabi — AFP/Files Japan’s Prime Minister Fumio Kishida concluded his Gulf tour focused on energy security and cooperation by visiting gas-rich Qatar on Tuesday. The…
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Inflows help rupee recover against USD in interbank market | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency improved by Rs2.14 to Rs275.34 against the US dollar in the interbank market on Thursday morning after the IMF executive board gave final approval for the $3 billion loan program for Pakistan. Market reports suggest…
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Rupee makes massive gains in interbank market
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[ad_1] Money dealers count Pakistani rupees and US dollars at an exchange in Islamabad. — AFP/File KARACHI: The Pakistani rupee on Tuesday further strengthened in the interbank market, a day after making a rich recovery against the dollar following the…
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Rupee recovers Rs7 vs dollar in open market | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its losing streak for the third consecutive working day on Tuesday amid mounting debt repayment pressure in June, the last month of current fiscal year. Analysts projected a sharp devaluation of the currency if the…
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In a U-turn, rupee dives in open market | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Monday again took a dramatic U-turn, diving 2.59%, or Rs8, to a four-day low at Rs308 against the US dollar in the open market amid short supply of the greenback on retail counters. In the…
