trade
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Dollar tops 208 in interbank trade as rupee slides further | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency plummeted against the US dollar and surpassed Rs208 against the greenback. The rupee was available at Rs208.25 against the USD at 12:25pm on Thursday. The domestic currency plunged Rs1.79 to record low at Rs208.25 against the greenback at 12:25pm. The local currency had closed at Rs206.46 on Wednesday, according to…
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Dollar records sharp decline in interbank trade
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[ad_1] A representative image. KARACHI: The US dollar fell by Rs1.4 in the interbank market during intraday trade on Wednesday after surging to a record high of 202.83 a day earlier. The local unit was being traded at 201.4 against the US dollar at 10:15am, according to the Forex Association of Pakistan. The rupee fell…
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Rupee close to breach 200-mark in interbank trade again
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[ad_1] A representational image of a currency dealer counting Rs500 notes. — AFP/File KARACHI: The Pakistani rupee on Monday maintained its downward streak and plunged to 199.75 against the US dollar in the interbank market amid concerns regarding the upcoming budget 2022-23 and the revival of the multibillion-dollar International Monetary Fund (IMF) programme, according to…
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Businessmen demand removal of trade hurdles | The Express Tribune
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[ad_1] PESHAWAR: Traders have stressed the need for taking pragmatic steps to remove hurdles in the way of regional trade, saying it is imperative to boost bilateral trade with the Central Asian Republics to enhance the country’s exports and earn huge foreign exchange for stabilising the national economy. Pakistan was losing foreign exchange owing to…
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Trade gap swells to $43b in Jul-May | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit rose steeply to $43.3 billion in 11 months of the current fiscal year with imports hitting the $72 billion mark but the official foreign exchange reserves slipped to single digit, painting a dangerous picture of the external sector. Although exports crossed the annual target on the back of higher global…
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Pakistan, Turkey can push trade to $5b | The Express Tribune
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[ad_1] ISLAMABAD: Saarc Chamber of Commerce and Industry President Iftikhar Ali Malik on Tuesday highlighted the significance of Prime Minister Shehbaz Sharif’s visit to Turkey, saying it would further cement bilateral ties between the two countries. Iftikhar said that the existing annual bilateral trade worth $1.1 billion between Pakistan and Turkey could be taken up…
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Rupee surges, KSE-100 index gains over 850 points during intraday trade
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[ad_1] A representative image. KARACHI: The financial markets Friday responded positively to the government’s announcement of the removal of subsidies on petroleum products and hopes for the revival of the IMF loan programme. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rose more than 850 points and crossed the 43,000 threshold during the intraday trade.…
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Pakistan seeks to diversify trade with France | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Commerce Syed Naveed Qamar has said that Pakistan values its historic, friendly and cooperative relationship with France and wishes to strengthen and diversify bilateral trade and economic linkages in the coming years. He was talking to French Minister for Foreign Trade and Attractiveness Franck Riester on Wednesday, according to a…
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Seizure of containers to hurt trade, business | The Express Tribune
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[ad_1] ISLAMABAD: Businessmen of the capital city have shown concern over the seizure of loaded containers by the government authorities to tackle the long march, fearing that the practice will hurt trade and industrial activities and cause shortage of goods in the manufacturing units as well as markets. In a statement, Islamabad Chamber of Commerce…
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Pakistan-Uzbekistan free trade deal on the cards | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Uzbekistan are likely to sign a free trade agreement (FTA) to increase bilateral trade between the two countries. Uzbekistan’s Ambassador to Pakistan Aybek Arif Usmanov on Friday hinted at the possibility of inking the FTA. “The possibility of signing a free trade agreement between Pakistan and Uzbekistan cannot be ruled out,”…
