Open market: rupee sees massive appreciation, but dealers report USD shortage Development comes after SBP allows card-based transactions to be settled through inter-bank market Updated 01 Jun, 2023 07:25pm
Markets Dollar retreats as Fed pause eyed; US debt deal clears House SINGAPORE: The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets... Published 01 Jun, 2023 09:40am
Business & Finance Dollar higher WASHINGTON: The US dollar rose strongly on Wednesday to a more than two-month high after data showed European... Published 01 Jun, 2023 03:34am
Business & Finance Importers overcharged: SBP completes probe against banks, Senate panel told ISLAMABAD: The Senate Standing Committee on Finance was informed that the State Bank of Pakistan (SBP) has completed... Published 01 Jun, 2023 03:34am
Markets Card-based cross-border transactions: authorised dealers allowed to purchase USD from inter-bank market SBP confirms circular addressed to presidents/chief executives of all authorised dealers in foreign exchange Customers likely to see lower rates on their cross-border credit/debit card transactions Published 31 May, 2023 08:15pm
Markets Dollar hits highest since mid-March as European inflation cools LONDON/TOKYO: The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European... Updated 31 May, 2023 05:19pm
Markets Dollar eases as deal over US debt ceiling lifts risk appetite SINGAPORE: The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a... Published 30 May, 2023 10:17am
Pakistan IK greets Erdogan on victory LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman and former Prime Minister Imran Khan has congratulated Turkish... Published 30 May, 2023 03:37am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 29,... Published 30 May, 2023 03:37am
Markets Dollar nudges lower as US debt ceiling deal dents safe-haven appeal LONDON: The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a US debt ceiling... Published 29 May, 2023 05:31pm
Markets Dollar elevated as sticky inflation cements Fed hike bets, debt ceiling deal lifts optimism SINGAPORE: The dollar was firm on Monday as economic resilience in the United States raised market expectations for... Published 29 May, 2023 10:17am
Opinion IMF programme has dead-ended? The uncertainty surrounding the International Monetary Fund (IMF) programme is one single factor that has been... Updated 27 May, 2023 07:11am
Markets Rupee strengthens further, settles at 285.15 against US dollar Currency appreciates 0.21% in inter-bank market Updated 26 May, 2023 10:02pm
Markets Dollar eyes third weekly gain on higher US rate expectations SINGAPORE: The dollar stood near a two-month high against its major peers on Friday and was headed for a third... Published 26 May, 2023 09:50am
Markets Turkish lira nears record low of 20 vs dollar ahead of election runoff ISTANBUL: The Turkish lira weakened to a record low just off 20 against the dollar on Friday ahead of this weekend’s... Published 26 May, 2023 09:26am
Markets The end of King Dollar? The forces at play in de-dollarisation LONDON: Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington over the US... Published 25 May, 2023 03:57pm
Markets Euro slips as Germany enters recession, dollar hits 2-month peak LONDON: The euro dropped on Thursday as Europe’s largest economy Germany was confirmed to be in a recession, while... Published 25 May, 2023 01:49pm
Markets Dollar ascendant amid resilient US economy, haven demand TOKYO: The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a... Published 25 May, 2023 09:31am
Markets Rupee ends losing streak in inter-bank, but falls to 308-310 in open market Currency registers a gain of Re0.02 in inter-bank market Updated 24 May, 2023 07:33pm
Markets Asia stocks falter, NZ dollar stumbles as RBNZ signals hikes over TOKYO: Asian stocks on Wednesday extended a global sell-off as US debt ceiling negotiations dragged on without... Published 24 May, 2023 09:48am
Markets Dollar hovers near 2-month high as debt ceiling angst saps risk appetite SINGAPORE: The US dollar held near a two-month high on Wednesday on safe-harbour demand as negotiations over raising... Published 24 May, 2023 09:31am
Markets Dollar hits 6-month high versus yen on higher-for-longer US rate expectations SINGAPORE: The dollar touched a six-month high against the yen on Tuesday as expectations grew that US rates will... Published 23 May, 2023 09:16am
Business & Finance Rs1500bn earned in profits: TMA says Dar’s remarks display ‘anti-export bias’ KARACHI: Towel Manufacturing Association of Pakistan on Monday termed the finance minister’s remarks that ... Published 23 May, 2023 06:14am
Markets Yuan bounces from 5-month low after PBOC pledges to keep market stable SHANGHAI/SINGAPORE: China’s yuan clambered off a five-month low against the dollar in early trade on Monday, after... Published 22 May, 2023 10:18am
Markets Dollar on defensive after dovish Powell, debt ceiling setback TOKYO: The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in US debt ceiling... Published 22 May, 2023 09:22am
Markets PKR declines only marginally KARACHI: The rupee depreciated marginally by 0.26% in the inter-bank market, settling at 285.82 against the US ... Published 22 May, 2023 06:23am
Business & Finance Dollar drops after Fed’s Powell hints at June pause NEW YORK: The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance,... Published 22 May, 2023 06:23am
Markets Dollar buoyed by hawkish Fed expectations as debt deal eyed SINGAPORE: The dollar firmed near a six-month peak against the yen on Friday on the back of rising US Treasury... Published 19 May, 2023 09:34am
Markets Oil prices dip 1pc as US economic data boosts dollar NEW YORK: Oil prices slid about 1 percent on Thursday after solid US economic data spurred the dollar to a two-month... Published 19 May, 2023 06:17am
Business & Finance US dollar rises to seven-week high buoyed by data NEW YORK: The dollar rose to fresh seven-week peaks on Thursday as another round of solid economic data further ... Published 19 May, 2023 06:17am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?