Currency

Central banks will accelerate rise of China's yuan, global survey shows

Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings

Published 22 Jul, 2021 01:30am

Currency

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on ...

Updated 12 Jan, 2021 01:30pm

Currency

Ugandan shilling unchanged amid flat demand

At 0951 GMT commercial banks quoted the shilling at 3,697/3,707, same level as Friday's close.

Published 30 Nov, 2020 03:13pm

Currency

Dollar plumbs two-year low as Fed comes in to focus

“The themes remain familiar: broad dollar weakness amid improving risk appetite,” ANZ Bank analysts said in a note.

Published 30 Nov, 2020 10:06am

Currency

IMF review: agreement on the horizon?

The wait for IMF’s pending review has now been over-extended. In Feb 2020, the staff level agreement was reached...

Published 30 Nov, 2020 07:25am

Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 23 to...

Published 30 Nov, 2020 02:58am

Currency

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (October 1 to...

Published 30 Nov, 2020 02:58am

Currency

Digital accounts: Pakistan receives near $2 million daily: SBP chief

DUBAI: A dinner hosted by JS Bank marked the end of State Bank governor's successful trip to promote Roshan Pakistan...

Published 30 Nov, 2020 02:58am

Currency

African currencies week ahead: Kenyan, Zambian, Nigerian currencies seen under pressure

NAIROBI: The currencies of Kenya, Zambia and Nigeria are expected to come under pressure versus the US dollar next...

Published 30 Nov, 2020 02:58am

Currency

Long bets on Chinese yuan near 3-year high on vaccine hopes

• Long views on Malaysian ringgit at highest since Sept 17 • Bullish bets on Singapore dollar highest since...

Published 30 Nov, 2020 02:58am

Currency

Brazil to roll over $11.8 billion FX swaps

BRASILIA: Brazil's central bank will on Tuesday begin the process of rolling over foreign exchange swap contracts...

Published 30 Nov, 2020 02:58am

Currency

Turkish lira stuck between bullish foreigners, bearish locals

ANKARA/ISTANBUL, Nov 26 (Reuters) - Turkey's lira is caught in a tug of war between foreign investors, who cheered a...

Published 30 Nov, 2020 02:58am

Currency

Nigeria weakens FX rate for exchange bureaux to ease pressure on naira

ABUJA: Nigeria's central bank has weakened the naira by 1.5% to 390 per dollar for exchange bureaux, in an attempt ...

Published 30 Nov, 2020 02:58am

Currency

Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

SHANGHAI/HONG KONG: As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in...

Published 30 Nov, 2020 02:58am

Currency

Sudan inflation soars, raising spectre of hyperinflation

CAIRO: Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into...

Updated 30 Nov, 2020 03:31am

Currency

Private sector hurt by massive govt borrowing: experts

ISLAMABAD: The government's massive borrowing of Rs1.940 trillion from the banking sector against budgeted Rs338...

Updated 30 Nov, 2020 03:54am

Cotton

Volume of business remains low on cotton market

KARACHI: The local cotton market remained stable on Saturday. Cotton Analyst Naseem Usman told that market volume...

Published 29 Nov, 2020 02:50am

Currency

Incidents of robbery, snatching increase

ISLAMABAD: The incidents of various kinds of crimes including robbery, dacoity, and snatchings at gun point ...

Published 29 Nov, 2020 02:50am

Currency

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...