plunge
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Rupee can plunge to 350 by end of 2024: report
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[ad_1] A foreign currency counts Pakistani rupee notes at a shop in Karachi, on March 2, 2023. — Online The Pakistani rupee can fall to as low as 350 against the dollar by the end of the next year, according…
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Evergrande shares plunge 79% exposing China’s economic woes
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[ad_1] e (FILES) A woman leaves the China Evergrande Centre in Hong Kong on July 28, 2022. Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on August 28, 2023 morning after the lifting…
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Gold sees highest single-day plunge in Pakistan
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[ad_1] An undated photograph of gold bullions. — AFP/File As the rupee slightly recovered against the US dollar, gold price in Pakistan on Tuesday registered its highest single-day drop. Investors also kept a close watch on the US Federal Reserve’s…
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SBP-held forex reserves plunge to $3.7 billion
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[ad_1] A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. — AFP/File The State Bank of Pakistan (SBP)-held foreign reserves plunged to $3.7 billion, their lowest in more than eight years, as…
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SBP-held forex reserves plunge to $4.5 billion: sources
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[ad_1] A person counting dollar bills. — AFP After the repayment of loans to banks in the United Arab Emirates (UAE) totaling $1.2 billion, foreign exchange reserves held by the State Bank of Pakistan (SBP) reduced to just $4.5 billion,…
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PSX sinks below 40,000 as stocks plunge to lowest level since July 2022
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[ad_1] An investor can be seen looking at the digital stock board at the Pakistan Stock Exchange in this undated image. — AFP/File The Pakistan Stock Exchange (PSX) on Tuesday sunk below the 40,000 mark — its lowest level since…
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Oil prices plunge over 5% to lowest levels since January
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[ad_1] In this file photo taken on April 23, 2020 Pump jacks operate near Loco Hills in Eddy County, New Mexico. — AFP LONDON: World oil prices plunged more than 5% Monday, reaching the lowest levels since January, on forecasts…
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China’s gasoline exports plunge 45.5% | The Express Tribune
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[ad_1] BEIJING: China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed on Saturday. China exported 840,000 tonnes of gasoline…
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Market watch: Stocks plunge on falling rupee | The Express Tribune
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[ad_1] KARACHI: Bears pushed bulls to the sidelines and firmly dominated trading at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index plummeted by 1,448 points after staying in the negative zone throughout the day. Weakening macroeconomic indicators…
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SBP reserves plunge $2.9b on loan repayment | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 19.5% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 25, the foreign currency reserves held by the…
