Saturday, December 5, 2020

USD

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...

IMF agrees on $ 6.5 billion package for Pakistan, agreement to sign on May 10

Long awaited IMF bailout package for Pakistan has finalized with the amount of $ 6.5 billion for the term of Three years. Well informed source revealed World News Observer. The agreement between Pakistani officials and IMF will be signed on...

Canadian dollar fell against USD after reaching three-week high

The Canadian dollar fell at the close of trading on Wednesday against its US dollar after hitting a three-week high on Tuesday as the dollar rose broadly ahead of the Fed's latest meeting minutes. The Canadian dollar fell 0.1 percent...

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...

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...

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...

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...

Pakistan’s Global HDI ranking can improve, if Ehsaas program meet success: 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 it’s good to see PTI led Government...

Rupee weakens against US dollar

Pak rupee shed 5 paisas against US dollar to close at Rs139.63 on Wednesday compared with the last closing of Rs139.58 in inter-bank market. The demand and supply situation in the market remained balanced as demand by importers and corporate...
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NATO: Early withdrawal could expose Afghanistan to terrorism

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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...