Trends - foreign exchange - Business Recorder

Markets

Gap between inter-bank and ‘open’ market rates on FCY transactions widens to over Rs24

KARACHI: Customers using their cards (debit or credit) to conduct foreign currency transactions will have to be...

Published 05 Jan, 2023 05:58am

Opinion

Pakistan: a state and its citizens in state of denial – II

History cannot be undone; however, the complacency that crept in can somehow be brought to the surface. Given the...

Updated 05 Jan, 2023 06:32am

Business & Finance

Nigerian, Kenyan, Zambian and Ugandan currencies seen weakening

NAIROBI: The Nigerian, Kenyan, Zambian and Ugandan currencies are seen weakening in the week to Thursday, due to...

Published 02 Jan, 2023 05:54am

Markets

Rupee ends last session of 2022 on a losing note against US dollar

Currency closes the year at 226.43 in inter-bank market

Updated 30 Dec, 2022 08:50pm

Business & Finance

Bostan explains how hundi/hawala business gets a huge boost

KARACH: Exchange Companies Association of Pakistan (ECAP) President Malik Bostan Monday said that black marketing of...

Published 27 Dec, 2022 07:10am

Business & Finance

Turkish lira steps back from record low against dollar

ISTANBUL: Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday during low...

Published 27 Dec, 2022 06:07am

Markets

Bostan says Pakistan hemorrhaging dollars owing to smuggling and trade with Afghanistan

KARACHI: Malik Muhammad Bostan, president of the Forex Association of Pakistan, claimed on Monday that the country...

Published 26 Dec, 2022 10:01pm

Markets

Rupee registers fifth consecutive loss against US dollar

Currency settles at 225.82 in inter-bank market on Monday

Updated 26 Dec, 2022 09:55pm

Markets

Rupee remains under stress against US dollar

Currency settles at 225.64 in inter-bank market

Updated 23 Dec, 2022 07:51pm

Print

Around 6pc growth: What did FY22 experience bring to the fore?

KARACHI: Pakistan’s economy achieved a real GDP growth of around 6 percent, for a second consecutive year in FY22,...

Updated 22 Dec, 2022 09:42am

Pakistan

‘Politically-exposed’ persons facilitate smuggling: As yet no mechanism in place to effectively curb forex outflows

LAHORE: Changes in law and tax provisions have failed to provide mechanism to control unauthorized foreign currency...

Updated 17 Dec, 2022 01:07pm

BR Research

LSM: The slide deepens

Large Scale Manufacturing went down 7.75 percent year-on-year for October 2022. That is the sharpest October drop...

Published 16 Dec, 2022 09:01am

Business & Finance

PBF exhorts SBP to stop rupee devaluation

KARACHI: The consistent depreciation of the rupee is deepening the economic crisis in the country, said the Pakistan...

Published 16 Dec, 2022 05:58am

Opinion

IMF policy needs a serious rethink

The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy...

Published 16 Dec, 2022 05:58am

Markets

SBP-held foreign exchange reserves fall another $15mn, now stand at $6.7bn

Reserves at their lowest level since January 2019

Published 15 Dec, 2022 07:42pm

Print

Consignments stuck at ports: MoC to hold talks with SBP

ISLAMABAD: Commerce Ministry has decided to hold a detailed meeting with State Bank of Pakistan (SBP) to sort issues...

Updated 15 Dec, 2022 09:57am

Print

Economy: Dar, others take stock of situation

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired an inter-ministerial meeting...

Updated 10 Dec, 2022 09:53am

Print

ECs: SBP further tightening data reporting mechanism

KARACHI: The State Bank of Pakistan (SBP) is further tightening the data reporting mechanism for Exchange Companies...

Updated 10 Dec, 2022 09:58am

Pakistan

Ishaq Dar directs measures to stop cross-border dollar smuggling

Finance minister stresses need for coordination among all necessary platforms to curb smuggling of foreign exchange and other items

Updated 09 Dec, 2022 08:52pm

Opinion

Pakistan: renewable power only solution

The International Energy Agency has come up with a highly positive news. According to it, the energy crisis is...

Published 08 Dec, 2022 06:38am

Opinion

Oily matters – I

Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been...

Published 08 Dec, 2022 06:10am

Print

Vegetables: 400 containers stuck at seaport: PFVA

KARACHI: Over 400 containers of imported vegetables are stuck at seaport due to non-availability of foreign ...

Updated 07 Dec, 2022 09:50am

Print

KSA extends term for $3bn deposit in SBP

KARACHI: Kingdom of Saudi Arabia (KSA) has extended term for a $3 billion deposit in the State Bank of Pakistan to...

Published 03 Dec, 2022 06:30am

Business & Finance

Saudi Arabia extends term of $3bn deposit: SBP

SBP says extension is continuation of support provided by Saudi Arabia to Pakistan

Updated 02 Dec, 2022 08:46pm

Markets

Rupee remains stable at 223.95 against US dollar

The currency faced minor fluctuations throughout the trading session

Updated 29 Nov, 2022 09:16pm

Business & Finance

BMP urges govt to ‘rescue’ economy, as currency crisis deepens

LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry has asked the...

Published 28 Nov, 2022 05:48am

Business & Finance

Payments to Google: SBP rejects allegations

KARACHI: Recent news circulating in some sections of the media that certain payments to Google are stuck at the...

Updated 27 Nov, 2022 09:43am

Opinion

Maritime sector

Even after 75 years since its creation, Pakistan has never paid its utmost attention to its maritime sector. The ...

Published 23 Nov, 2022 05:55am

Business & Finance

Rouble holds between 60-61 vs dollar

MOSCOW: The Russian rouble traded in a narrow range against the dollar on Friday, weighed down by oil prices...

Published 21 Nov, 2022 05:59am

Editorials

Dip in remittances

EDITORIAL: Remittance inflows, a desired form of inflows like exports, declined to 9,900.5 million dollars...

Published 18 Nov, 2022 05:53am