Monday, November 30, 2020

Pakistani Rupee

Pakistan: Rupee hits historic low against USD, 27 rupees decline since March

Pakistan Rupee continues to take battering as it shed another Rs.6.85 against USD on Wednesday to close at Rs164.00 in the interbank, historic low, compared with last closing of Rs157.15 as the government and central bank have lost all...

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...

Rupee loses value against USD as the govt, SBP lost control to IMF

Pak Rupee continues to take battering as it shed another Rs3.0 against USD on Monday to close at Rs151.50, all time low, compared with last closing of Rs148.50 as the government and central bank have lost all control to...

Rupee hits historic low against USD

Pakistani rupee shed Rs6.03 or 5.0 percent against US Dollar on Thursday after the government agreed with the International Monetary Fund (IMF) to remove controls on currency exchange value letting the market forces determine the rupee value. On Thursday Rupee...

Pakistan: Expected features of the IMF program

With the final round of talks underway between the incumbent government and the International Monetary Fund (IMF) team, consensus is being developed for a three-year economic and financial program. With the Fund team scheduled to head off to its Washington-based...

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 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...

Asad refutes report on exchange rate target with IMF

Finance Minister Asad Umar on Friday refuted reports about talks with the International Monetary Fund (IMF) about the exchange rate target. Addressing Pakistan Stock Exchange in Karachi by video link from Islamabad, the finance minister said that artificially maintaining the...
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