Saturday, December 5, 2020

Malik Bostan

Currency swap arrangement with China and Middle East need of the time: Malik Bostan

Chairman Forex Association of Pakistan (FAP) Malik Bostan Khan has urged the government to immediately implement currency swap arrangement with China and Middle East to strengthen Pakistani rupee. He hoped that China, which is Pakistan’s Iron Brother’ would facilitate the...

Major decline witnessed in Rupee against USD, Bostan slams critics on Rupee rumors

The Pakistani rupee shed Rs2.0 against the US Dollar in the open market on Saturday, which closed at Rs144. Rupee has shed Rs3.0 against the greenback in this week. Economists expressed concerns over the continuous depreciation in rupee value saying...

Rupee gains against USD

Pakistani rupee gained 1 paisa against US dollar to close at Rs141.38 on Tuesday compared with the last closing of Rs141.39 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...

Rupee weakens against USD

Pakistani rupee shed three paisa against US dollar to close at Rs141.50 on Monday compared with the last closing of Rs141.47 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...

Rupee slightly shrinks against USD

Pakistani rupee shed one paisa against US dollar to close at Rs141.48 on Wednesday compared with the last closing of Rs141.47 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...

Rupee slightly against US dollar

Pak rupee gained one paisa against US dollar to close at Rs141.47 on Wednesday compared with the last closing of Rs141.48 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...

Rupee shed 1 paisas against USD

Pak rupee shed one paisa against US dollar to close at Rs141.48 on Tuesday compared with the last closing of Rs141.47 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...

FAP decides not to provide USD to speculators, hoarders: Malik Bostan

President Forex Association of Pakistan Malik Bostan Khan along with the representatives of other exchange companies met Executive Director SBP Irfan Ali Shah and discussed USD rate and its availability in the market. After the meeting, association decided that only...

Rupee shed 47 paisas on interest rates uncertainty

Pak Rupee shed 47 paisas against US Dollar on Friday as uncertainty over the interest rate hike in the monetary policy, to be announced later in the day, kept the local currency under pressure. Rupee closed at Rs140.83 compared with...

Rupee gains against US dollar

Pakistani rupee gained 5 paisas against dollar on Wednesday to close at Rs138.80 compared with the last closing of Rs138.85 in inter-bank market as the demand and supply situation remained balanced. The rupee was under pressure given the rising tension...
- Advertisement -

Latest News

Kamala Harris: “Our administration will continue to put working people front and center.”

Kamala Harris, US Vice President-elect Joe Biden, promised to return attention to the American worker and put his requirements...
- Advertisement -

Russian Ambassador: We still have time to extend the START treaty with America

Russian Ambassador to Washington Anatoly Antonov announced that there is still enough time to extend the new "START" treaty on reducing the nuclear arsenal...

Christmas in Italy: Movement between regions banned amid high COVID toll

Italy announced a ban on movement between local areas during the Christmas holidays; In order to contain the spread of the Coronavirus (Covid-19), the...

NATO: Early withdrawal could expose Afghanistan to terrorism

NATO said that an early withdrawal from Afghanistan could leave the country a haven for international terrorism. The Secretary-General of NATO, Jens Stoltenberg, announced that...

Trump’s European allies resisted sanctions on Iranian banks

A diplomatic correspondence showed that Germany, France, and Britain urged the administration of US President Donald Trump in late October to reconsider imposing new...