US Dollar breaches the Rs300 barrier yet again
KARACHI: Due to a number of reasons, including shortage of US dollars and political turmoil, Pakistani currency nosedived on Thursday (18th May, 2023). One Greenback was available for Rs. 301…
Dollars
Pak Rupee drops to a historic low
KARACHI: Due to prevailing political turmoil and incumbent coalition government's inaction the Pakistani Rupee continues to drop. On Thursday (28th of July, 2022) Pakistani Rupee again dropped to a historic…
Dollars
US $ hits over Rs. 200 in interbank
KARACHI: US $ that hit over Rs. 200 barrier at 11am (PST) on Thursday (19th of May, 2022) in interbank trading, is either not available or being sold for over…
Dollars
Pak Rupee plunges to a historic low
KARACHI: Increasing imports and halted IMF tranche has allowed US $ to appreciate by Rs. 3 and the greenback was being quoted at over Rs. 189 on Thursday (7th of…
ADB sells $4 bn dual-tranche global benchmark bonds
ISLAMABAD: The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a 3-year global benchmark bond worth $3 billion and a 10-year global benchmark…
World food price index rises for third month running in August: UN agency
UNITED NATIONS: World food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker US dollar, according to a new report released by…
Business community demand aggressive crack down against dollar mafia
ISLAMABAD: The business community on Monday vehemently demanded result oriented aggressive crack down against dollar mafia in Pakistan which is playing havoc with the economy of the country. In a…
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Hamza Shahbaz expresses concerns over surge in dollar price
LAHORE: Leader of the Opposition in the Punjab Assembly Hamza Shahbaz has Friday expressed deep concerns over surge in the US dollar price against the Pakistan rupee. The Pakistan Muslim…
Stocks
Asian markets rally, dollar down as Fed signals slower rate hikes
HONG KONG: Asian equities rallied and the dollar extended losses after the Federal Reserve signalled it would slow down its pace of interest rate hikes, providing some much-needed respite to…
Asian markets turn lower pound holds up against dollar
Asian markets turn lower, pound holds up against dollar
HONG KONG: Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European…
Aussie dollar tanks to 10 year low against USD
Aussie dollar tanks to 10-year low against USD
SYDNEY: The Australian dollar briefly hit a 10-year low against the greenback Thursday, as twitchy investors ditched more volatile assets and traders saw evidence of a computer-aided "flash crash." The…
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Dollar loses value as Pakistan closes border with Afghanistan
KARACHI: Soon after Pakistan closed the border with Afghanistan after two-day activity, the demand for dollar declined in the open market, resulting in the US currency shedding close to 1% in…