Dollar edges down from six-week peak LONDON: The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data... Published 21 Feb, 2023 05:57am
Markets Dollar buoyant as robust US data keep Fed hawks in control SINGAPORE: The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United... Published 20 Feb, 2023 08:57am
Markets PKR appreciates 2.45pc against USD KARACHI: The rupee appreciated 2.45% during the previous week, reportedly helped by realisation of export proceeds... Published 20 Feb, 2023 06:26am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (February 17, 2023).... Published 18 Feb, 2023 03:33am
Markets Dollar climbs with Treasury yields on higher rate expectations SINGAPORE: The dollar rode US Treasury yields higher on Friday and was eyeing a third straight week of gains, as a... Published 17 Feb, 2023 09:54am
Business & Finance Dollar rallies as strong US data reinforce higher rates stance NEW YORK: The US dollar climbed to a six-week peak against basket of currencies on Thursday, after data showed... Published 17 Feb, 2023 06:00am
Markets Dollar eases as investors price out ‘Armageddon recession’ risk LONDON: The dollar stalled on Thursday as investors scooped up higher-risk currencies after a run of strong US... Updated 16 Feb, 2023 03:37pm
Opinion Cash-strapped Egypt sells state assets to Gulf nations Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its... Published 16 Feb, 2023 06:53am
Opinion Better late than never, or just too late? Too bad Finance Minister Ishaq Dar didn’t get to give Moody’s a “befitting reply” for downgrading... Published 16 Feb, 2023 06:08am
Print POL products’ prices jacked up ISLAMABAD: The federal government Wednesday increased the prices of petroleum products up to 8.8 percent with effect... Updated 16 Feb, 2023 08:57am
Markets Gold hits 1-month low as dollar strengthens BENGALURU: Gold prices dropped to their more than one-month lows on Wednesday, weighed down by a stronger dollar as... Published 16 Feb, 2023 06:08am
Editorials A further decline in remittances EDITORIAL: Remittances declined to under 1.89 billion dollars in January 2023, thereby registering a continuous... Published 16 Feb, 2023 06:08am
Markets Dollar finds friends after sticky US inflation readout SINGAPORE: The dollar found some support on Wednesday after stubbornly high US inflation suggested interest rates... Published 15 Feb, 2023 09:44am
Print SBP takes steps aimed at timely realisation of export proceeds Has decided to initiate necessary action in all those cases where full export proceeds are not realized within prescribed time period as defined Foreign Exchange Manual Updated 15 Feb, 2023 12:34pm
Print Fitch further downgrades long-term foreign currency IDR to ‘CCC-’ ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”,... Updated 15 Feb, 2023 09:04am
Business & Finance Indus Motor raises Toyota car prices for a third time in 2023 Hike goes as high as Rs890,000 Updated 14 Feb, 2023 07:31pm
Markets Dollar slips with inflation in focus; euro, sterling up on jobs data LONDON: The dollar fell on Tuesday ahead of a keenly anticipated U.S. inflation report, while the euro and sterling... Published 14 Feb, 2023 06:38pm
Pakistan Highlighting the divide: coffee at Tim Hortons and Pakistan's economic woes LAHORE: Last year in May, Business Recorder reported that Canadian chain Tim Hortons was planning to open in... Updated 14 Feb, 2023 05:39pm
Markets Dollar eases as inflation in focus, BOJ governor nomination awaited SINGAPORE: The dollar treaded water on Tuesday as investors braced for an highly anticipated inflation report, while... Published 14 Feb, 2023 09:59am
Editorials Time is of the essence EDITORIAL: The International Monetary Fund (IMF) submitted the Memorandum of Economic and Finance Policies (MEFP) to... Published 14 Feb, 2023 05:58am
Opinion After the IMF tranche On December 16, 2021 at a Hamdard University seminar where Dr Miftah Ismail was another speaker, I had said that... Updated 14 Feb, 2023 01:05pm
Business & Finance Dollar hits six-week peak vs yen NEW YORK: The dollar rose to six-week highs against the rate-sensitive Japanese yen in choppy trading on Monday, on... Published 14 Feb, 2023 05:58am
Markets Dollar gains on yen as US yields rise ahead of key CPI data TOKYO/LONDON: The dollar was testing a five-week high versus major peers on Monday, particularly gaining against the... Published 13 Feb, 2023 06:56pm
Markets Fed rate outlook to push Indian rupee lower; US inflation data key this week MUMBAI: The Indian rupee is likely to open lower against the dollar on Monday, tracking losses in Asian currencies... Published 13 Feb, 2023 10:52am
Markets Dollar hangs near 5-week high as inflation data looms; yen slips TOKYO: The dollar hovered near a five-week high against major peers on Monday on rising bets for prolonged Federal... Published 13 Feb, 2023 10:04am
Markets Week ends on optimistic note KARACHI: The Pakistani rupee witnessed an optimistic week as it appreciated 2.71% against the US dollar to close at... Published 13 Feb, 2023 05:57am
Business & Finance Raw materials, PKR, inflation: pharma industry urges govt to help resolve issues LAHORE: In the wake of increase in the prices of raw material, devaluation of Pakistani rupee and unprecedented... Published 11 Feb, 2023 07:36am
Markets Dollar defensive as investors remain cautious ahead of inflation data SINGAPORE: The dollar was on the back foot on Friday after an overnight slide as investors tread with caution ahead... Published 10 Feb, 2023 11:24am
Markets Copper prices advance on weak dollar LONDON: Copper prices rebounded on Thursday, buoyed by a slide in the dollar and bets that China’s lacklustre... Published 10 Feb, 2023 03:56am
Business & Finance US dollar tumbles as Fed outlook weigh **NEW YORK: The US dollar fell across the board on Thursday, moving in line with lower Treasury yields, as investors... Published 10 Feb, 2023 03:56am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn