market
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Dar favours currency market intervention | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar said on Wednesday that some changes would be made in the central bank law at “an appropriate time”, advocating intervention in the currency market that signalled a needed shift in the International Monetary Fund…
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Dollar continues to tumble as market pins hope on Ishaq Dar
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[ad_1] A file image shows a currency dealer counting $100 notes while Rs5,000 notes are placed on the table beside him. — AFP/File KARACHI: The US dollar continued its nosedive against the Pakistani rupee for the fourth straight session in…
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Traders oppose early market closure | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry President Muhammad Shakeel Munir has urged the government to reconsider its decision of closing the markets in Islamabad by 9pm in order to curtail electricity consumption, and allow businesses to remain open…
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Rupee sees recovery against US dollar in interbank market
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[ad_1] A currency dealer is seen counting $100 notes; while Rs500 notes are kept on the table. — AFP/File KARACHI: The Pakistani rupee recovered against the US dollar on Thursday following the finance minister’s confirmation that Pakistan has signed $2.3…
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Dollar soars to Rs208.39 in interbank market
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[ad_1] A representative image. KARACHI: The dollar continued its upward trend to trade at Rs208.39 to a dollar in the interbank market amid increasing uncertainty over the revival of the International Monetary Fund’s loan programme stalled over policy breaches by…
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Rupee hits all-time low of 207 in interbank market
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[ad_1] A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File KARACHI: The Pakistani rupee on Thursday maintained its downward streak and dropped to an all-time low of Rs207 in the interbank…
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Italy becomes ‘billion dollar’ export market | The Express Tribune
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[ad_1] ISLAMABAD: At a time when Pakistan’s economy is struggling with the ever-widening trade deficit, some of its export markets are displaying an exceptional growth. Italy is among the countries where Pakistan’s exports have been rising phenomenally despite the tough…
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Stock market gains 1.7% on budget optimism | The Express Tribune
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[ad_1] KARACHI: Bulls dominated the Pakistan Stock Exchange during the outgoing week as investors remained optimistic and started the trading week on a positive note amid the federal budget announcement. The investors took fresh positions and opted to cherry-pick stocks…
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PSX turns Asia’s third worst performing market | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX), which had won the title of Asia’s best performing stock market in August 2020, took a U-turn and became the third worst performing market in the region amid the boiling political temperature and melting…
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Rupee gains against USD in interbank market | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee gained Rs2.23 against the US dollar on Wednesday in the interbank market after days of depreciation by the local currency. The rupee touched Rs200.59 against the US dollar. The currency had dropped to a record…
