Trends - forex market - Business Recorder

Markets

Yen near 10-week low, dollar buoyant as traders adjust rate bets

TOKYO: The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as...

Published 09 Feb, 2024 09:30am

Markets

SBP-held foreign exchange reserves decrease $54mn, now stand at $8.22bn

Central bank attributes decrease in reserves to debt repayments

Published 01 Feb, 2024 08:32pm

Print

Fixing the forex market

EDITORIAL: The State Bank of Pakistan (SBP) has introduced a new foreign exchange (FX) electronic trading platform...

Updated 26 Jan, 2024 05:18am

Markets

Pakistan’s central bank reserves decrease $66mn, now stand at $8.15bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $66 million on a weekly basis,...

Updated 11 Jan, 2024 10:47pm

Markets

SBP reserves increase $464mn to reach over 5-month high of $8.2bn

State Bank of Pakistan attributes jump in dollar stockpile to receipt of official Government of Pakistan inflows

Updated 04 Jan, 2024 09:17pm

Markets

Open-market: rupee weakens against US dollar

The Pakistani rupee edged lower against the US dollar in the open market on Thursday, while the local currency...

Published 04 Jan, 2024 07:14pm

Markets

Open-market: rupee continues uptrend against US dollar

The Pakistani rupee extended gains against the US dollar in the open market on Thursday, while the local currency...

Published 28 Dec, 2023 09:34pm

Markets

Pakistan’s central bank reserves increase $852mn, now stand at $7.75bn

State Bank of Pakistan attributes jump in dollar stockpile to receipt of official Government of Pakistan inflows

Updated 29 Dec, 2023 03:06am

Markets

Open-market: rupee drifts higher against US dollar

The Pakistani rupee registered slight gain against the US dollar in the open market on Wednesday, while the local...

Updated 27 Dec, 2023 10:44pm

Markets

Pakistan’s central bank reserves increase $21mn, now stand at $7.04bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $21 million on a weekly basis,...

Updated 14 Dec, 2023 10:00pm

Markets

Pakistan’s central bank reserves decrease $237mn, now stand at $7.02bn

Total liquid foreign reserves held by country stand at $12.1 billion as of December 1

Updated 07 Dec, 2023 10:34pm

Print

‘Illegal’ LCs, forex market speculation: MoF set to share list of banks with SIFC today

ISLAMABAD: The Finance Ministry is all set to share the list of banks involved in illegal business relating to LCs...

Updated 07 Dec, 2023 09:49am

Print

The untamed frontier of foreign exchange

A stable and predictable forex market is a beacon for foreign investors. Their confidence fuels economic growth,...

Updated 29 Oct, 2023 04:00am

Markets

Pakistan’s central bank reserves fall $220mn, now stand at $7.5bn

Total liquid foreign reserves held by country stand at $12.6 billion

Updated 26 Oct, 2023 10:43pm

Print

Forex market needs continuity of reforms: Azfar Ahsan

KARACHI: “To stabilize the rupee, the government needs to bring reforms and address the existing deficiencies in...

Published 21 Oct, 2023 06:05am

Markets

Open-market: after opening lower, rupee closes marginally stronger against US dollar

After weakening in the early part of the day, the Pakistani rupee closed slightly stronger against the US dollar in...

Updated 19 Sep, 2023 06:28pm

BR Research

FDI in 2MFY24

Foreign direct investment in the country has been falling continuously; it diminished by 25 percent year-on-year to...

Published 19 Sep, 2023 08:51am

Markets

Pakistan’s central bank reserves decrease another $140mn, now stand at $7.64bn

Dollar stockpile with State Bank of Pakistan falls for 4th straight week
Decrease attributed to debt repayment

Published 14 Sep, 2023 09:12pm

Print

Forex market has lost its moorings?

EDITORIAL: There was too much chaos in multiple forex markets in the last few days and weeks. It all started with ...

Published 08 Sep, 2023 06:01am

Markets

SBP-held foreign exchange reserves decline $278mn to $8.35bn

Central bank says decrease due to external debt repayments

Published 22 Sep, 2022 08:15pm

Print

FY2022-23: Balance of payments

The continuing turmoil in the forex market is a bewildering experience with no parallel in the country’s history....

Published 21 Sep, 2022 05:57am

Print

A drifting economy

It is quite distressful to see the nascent economic recovery ceding way to the same uncertainty and drift that...

Published 01 Sep, 2022 05:50am

Print

Forex matters: SBP constitutes body, appoints officer to liaise with FPCCI

KARACHI: Dr Murtaza Syed, Governor (Acting) State Bank of Pakistan (SBP) Wednesday announced setting up of a...

Updated 04 Aug, 2022 10:32am

Print

BMP assails govt for not keeping check on Forex market

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has denounced the...

Published 29 Jul, 2022 06:14am

Print

PKR slide: govt feels so helpless because there’s IMF condition

Political uncertainty has been taking toll on local currency

Updated 28 Jul, 2022 11:21am

Print

Forex market turmoil and possibility of default

On 18th July 22, the country witnessed an unprecedented turmoil in the forex market. Dashing all expectations of...

Published 27 Jul, 2022 05:23am

Business & Finance

Turkish lira hits weakest level since mid-December

ISTANBUL: The Turkish lira slipped 0.8% on Monday and broke beyond 15 to the dollar for the first time since ...

Published 10 May, 2022 05:10am

Business & Finance

Lira at December lows

ISTANBUL: The Turkish lira slid for an eighth consecutive session on Thursday on concerns about the impact of the...

Published 11 Mar, 2022 05:12am

Markets

Pakistan rupee falls to historic low against US dollar

High oil prices have kept Pakistan’s currency on the back foot, which dropped to its lowest level in the inter-bank market on Tuesday

Updated 08 Mar, 2022 10:01pm

Markets

Dollar buoyant as economic outlook brightens, doubts surround euro

Dollar holds gains against major currencies
Rises to highest vs. Japanese yen since June
Full data calendar awaits traders later in day

Updated 26 Mar, 2021 05:13pm