Tuesday, December 6, 2022

PKR

Rupee sheds 5 paisas against US dollar

Pak rupee shed 5 paisas against US dollar to close at Rs152.30 on Wednesday compared with the last closing of Rs152.25 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...

Key Takeaways from Monetary Policy Statement

SBP increased the policy rate by 150bps to 12.25% from 10.75% in the MPS announced on Monday. 1.     Higher recent MoM core and head line inflation, 2.      Recent Exchange Rate Depreciation, 3.      Elevated fiscal deficit and increased monetization and, 4.      Potential adjustments in utility (gas and electricity)...

Pakistani Rupee hits all time low against USD

Pakistani Rupee shed another 100 paisas against USD on Friday to close at Rs148.50, all time low, compared with last closing of Rs147.50 as the government and central bank lost all control to IMF. Pakistan has signed a deal with...

Bearish trend at PSX reflects uncertainty in business and trade: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said that it’s looking impossible to hit GDP...
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Latest News

Mehboob Shaikh organizes reception in the honor of Dr. Rahman

Senior journalist, author, and social worker, Mehboob Ali Shaikh held a reception in the honor of a known Psychologist...
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