Rupee declines significantly, settles at 284.03 against US dollar Currency depreciates 0.82% in inter-bank market Updated 22 Mar, 2023 10:17am
Markets Yen drops, dollar on defensive as central banks seek to reassure markets TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a... Published 20 Mar, 2023 10:09am
Markets PKR declines 0.33pc KARACHI: The rupee depreciated a marginal 0.33% during the previous week, aided by recovery on the final two days to... Published 20 Mar, 2023 06:12am
Markets Relief rally on banks rescue lifts riskier currencies; dollar slips SINGAPORE: The dollar slipped on Friday after authorities and banks moved to ease stress on the financial system,... Published 17 Mar, 2023 10:27am
Markets Oil rises 2pc as S Arabia, Russia hold talks BENGALURU: Oil prices rose 2% on Thursday after dropping to near 15-month lows earlier in the session, supported by... Published 17 Mar, 2023 06:15am
Business & Finance Dollar gains in safe-haven buying NEW YORK: The dollar rose on Wednesday on safe-haven buying after Credit Suisse’s stock tumbled following the... Published 16 Mar, 2023 06:01am
Markets Dollar finds footing as banking crisis fears calm down SINGAPORE: The dollar found support in Asia on Wednesday as investors dialled back expectations of US rate cuts as... Published 15 Mar, 2023 10:34am
Markets Bank slide deepens as SVB contagion fear rattles markets SINGAPORE: Asia’s share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a US... Published 14 Mar, 2023 12:04pm
Markets Dollar sags as US banks’ collapse have markets wagering on no Fed hike SINGAPORE: The dollar languished near a multi-week low on Tuesday as fears of a broader systemic crisis following... Published 14 Mar, 2023 10:18am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (March 13,... Published 14 Mar, 2023 03:18am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (March 13, 2023).... Published 14 Mar, 2023 03:18am
Markets Chinese shares jump on recovery optimism SHANGHAI: China and Hong Kong stocks saw their best day since March on Monday, tracking gains in global peers after... Published 14 Mar, 2023 03:18am
Markets Gold, silver soar as SVB disaster spurs flight to safety NEW YORK: Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the... Published 14 Mar, 2023 03:18am
Markets Rupee fails to sustain gains, settles at 281.61 against US dollar Currency records depreciation of 0.3% in inter-bank market Updated 13 Mar, 2023 10:23pm
Markets Dollar slides as US intervenes on SVB collapse SINGAPORE: The US dollar slid on Monday as authorities stepped in to cap the fallout from the sudden collapse of... Published 13 Mar, 2023 10:26am
Markets Thai baht climbs as Asian currencies gain on weak US dollar The Thai baht rose sharply on Monday, leading strengthening Asian emerging currencies as the US dollar slid amid the... Published 13 Mar, 2023 10:18am
Markets A meagre weekly decline KARACHI: The rupee depreciated a meagre 0.82% against the US dollar in the inter-bank market during the previous... Published 13 Mar, 2023 06:15am
Print SBP informs Senate panel: Forex’s fall has led to 28.2pc PKR slump in FY23 so far ISLAMABAD: The country’s foreign exchange reserves are at present below one month of imports. This led to an... Updated 12 Mar, 2023 03:54pm
Business & Finance Feb workers’ remittances post 5pc growth MoM KARACHI: Workers’ remittances posted 5 percent growth during February compared to January as cap on exchange rate... Published 11 Mar, 2023 03:16am
Markets Dollar loses steam after jobless claims data; Kuroda takes centre stage in Asia SINGAPORE: The dollar paused its ascent on Friday after a rise in jobless claims in the United States implied... Published 10 Mar, 2023 10:20am
Markets Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (March 09, 2023). ======================== Open Bid ... Published 10 Mar, 2023 03:46am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (March ... Published 10 Mar, 2023 03:46am
Markets On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn This is the fourth successive increase in central bank-held reserves on weekly basis Updated 09 Mar, 2023 09:33pm
Opinion Has US shot the dollar in the foot? Who could’ve known that one of the unintended consequences of the Ukraine war would be the first signs of a shift... Published 09 Mar, 2023 06:23am
Print Forex manipulation: SBP governor says probe against banks completed ISLAMABAD: Governor of the State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the inquiry report... Updated 09 Mar, 2023 08:55am
Markets Powell’s warning on higher US rates pushes dollar to 3-month high SINGAPORE: The dollar scaled multi-month highs against most other major currencies on Wednesday after Federal... Published 08 Mar, 2023 10:28am
Print PKR depreciation, borrowing: Debt stocks soar to Rs55trn by Jan-end Most of the increase was recorded in external debt due to Pak rupee depreciation Updated 08 Mar, 2023 12:43pm
Business & Finance KATI chief calls for taxes on agriculture sector KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has said that the government... Published 08 Mar, 2023 06:20am
Markets Dollar subdued ahead of Powell testimony; Aussie slips SINGAPORE: The US dollar was tentative on Tuesday ahead of testimony by US Federal Reserve chair Jerome Powell,... Published 07 Mar, 2023 10:20am
Opinion Stern business of funny money In the mid-1990s the Soviet Union had collapsed and my friend Tariq Usman Haider was appointed as the envoy to... Published 07 Mar, 2023 03:16am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?