Dar addresses ebbing investor confidence KARACHI/ISLAMABAD: Finance Minister Ishaq Dar Wednesday assured the investors that Pakistan won’t default, adding... Updated 29 Dec, 2022 08:45am
Markets Dollar touches one-week high vs yen, dips against sterling LONDON: The dollar touched a one-week high against the yen on Wednesday, boosted by a jump in Treasury yields and... Published 28 Dec, 2022 06:23pm
Markets Dollar climbs to one-week high vs yen amid spike in Treasury yields TOKYO: The dollar climbed to a more than one-week high versus the yen on Wednesday, buoyed by higher Treasury yields... Published 28 Dec, 2022 10:19am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (December... Published 28 Dec, 2022 04:12am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (December 27, 2022).... Published 28 Dec, 2022 04:12am
Business & Finance Complainant heavily taxed on pension received as remittance: FTO tells FBR to transfer jurisdiction, revisit impugned order ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken serious notice of illegal transfer of jurisdictions of an... Published 28 Dec, 2022 04:12am
Business & Finance Gold, NPC and USD termed best performing assets KARACHI: Amongst the major asset classes widely followed by local investors and savers, gold, one-year US$ Naya... Published 28 Dec, 2022 04:12am
Business & Finance Indian rupee falls, shares up MUMBAI: The Indian rupee declined on Tuesday, surrendering the strong gains of the previous session, as importers... Published 28 Dec, 2022 04:12am
Markets Asset classes and their performance in Pakistan: all that glittered in 2022 was gold USD-denominated Naya Pakistan Certificates and US dollar were placed second and third, respectively Published 27 Dec, 2022 05:24pm
Markets Dollar slips as investors take heart from looser China COVID rules LONDON: The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound... Updated 27 Dec, 2022 02:53pm
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
Markets Shanghai copper climbs on weak dollar BEIJING: Copper prices in Shanghai rose on Monday as the US dollar weakened and inventories fell, although a hazy... 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
Opinion Economic pain: an illusion of choice Pakistan is facing an illusion of false choices in managing its ongoing economic crisis. It can either return to the... Published 26 Dec, 2022 05:48am
Print PKR again manages to show stability KARACHI: The rupee again showed stability in the inter-bank market, depreciating just 0.3% to settle at 225.64... Updated 26 Dec, 2022 09:29am
Business & Finance US dollar may rise further vs yen despite BOJ move: Goldman NEW YORK: The Bank of Japan, which widened the trading band for 10-year Japanese government bonds (JGBs) on Tuesday,... Published 26 Dec, 2022 05:48am
Markets Dollar solidly bid on Fed view, economic resilience; yen eyes weekly gain SINGAPORE: The dollar was on the front foot on Friday, as solid U.S. economic data reinforced the need for the... Published 23 Dec, 2022 11:02am
Business & Finance Russia likely to buy yuan on FX market in 2023 MOSCOW: Russia will start buying yuan on the currency market next year if oil and gas revenues meet expectations, ... Published 23 Dec, 2022 05:54am
Business & Finance Dollar edges higher as US data lends support NEW YORK: The US dollar edged higher against most major peers on Thursday after US data pointed to labor market... Published 23 Dec, 2022 05:54am
Markets Gold rises, but firmer US dollar caps advance NEW YORK: Gold prices rose on Wednesday, holding above the key $1,800 level, as expectations of slower US rate hikes... Published 22 Dec, 2022 06:23am
Business & Finance Yen soars after surprise BOJ policy tweak NEW YORK: The yen surged to a four-month high against the US dollar on Tuesday after the Bank of Japan stunned... Published 21 Dec, 2022 06:05am
Editorials Reducing govt expenditure EDITORIAL: Sustained failure to arrest the rise in expenditure has pushed the economy to the current extremely... Published 21 Dec, 2022 06:05am
Business & Finance Rouble plunges below 68 per dollar MOSCOW: The Russian rouble slumped past 68 per US dollar to a more than seven-month low on Monday, hurt by low oil... Published 20 Dec, 2022 05:58am
Business & Finance Dollar edges lower as risk sentiment steadies NEW YORK: The US dollar edged down on Monday as riskier currencies firmed, helped by investors’ improved appetite... Published 20 Dec, 2022 05:58am
Markets Dollar slips as markets bounce, Japan policy shift talk lifts yen LONDON: The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies... Published 19 Dec, 2022 07:00pm
Markets Dollar weakness, support at 83/USD helps Indian rupee inch up MUMBAI: The Indian rupee was trading marginally higher to the US currency on Monday, buoyed by an uptick in Asian... Published 19 Dec, 2022 11:33am
Print What’s actually behind PKR’s woes? KARACHI: The rupee may have depreciated only 0.24% in the inter-bank market, according to State Bank of Pakistan... Updated 19 Dec, 2022 10:43am
Opinion PKR in Daristan The rupee-dollar parity during two tenures of Ishaq Dar as finance minister (2013-17 and 27 September 2022 to date)... Published 19 Dec, 2022 06:00am
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
Markets Dollar stands tall as hawkish ECB fans downturn fears TOKYO: The safe-haven dollar held just below the month’s high against the yen on Friday and maintained overnight... Published 16 Dec, 2022 10:35am