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
Markets Yen strengthens after Japan intervenes to support yen for first time since 1998 TOKYO/LONDON: The Japanese yen strengthened sharply on Thursday after authorities intervened in the foreign exchange... Updated 22 Sep, 2022 02:44pm
Business & Finance Dollar soars to 2-decade high NEW YORK: The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal... Published 22 Sep, 2022 06:38am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday... Published 22 Sep, 2022 05:48am
Markets Dollar hits two-decade high as Putin rattles markets before Fed LONDON: The dollar jumped to a new two-decade high on Wednesday, as comments from Russia’s President Vladimir Putin... Updated 21 Sep, 2022 01:40pm
Business & Finance US dollar gains ahead of Fed; Swedish crown falls after hike LONDON/NEW YORK: The dollar rose on Tuesday, trading near a two-decade high, as investors held firm on expectation ... Published 21 Sep, 2022 05:57am
Print Cross-border payments to be centralised at TOD from Oct 1: SBP KARACHI: In order to further streamline the cross-border payments, the State Bank of Pakistan (SBP) has announced to... Updated 21 Sep, 2022 09:42am
Markets Dollar firm ahead of Fed, Swedish crown not helped by rate rise TOKYO/LONDON: The dollar remained strong near a two-decade high versus major peers on Tuesday as investors held firm... Published 20 Sep, 2022 05:25pm
Markets Oil prices drop in advance of expected Fed rate hike NEW YORK: Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors... Updated 20 Sep, 2022 10:25pm
Print India’s top lender asks exporters to trade with Bangladesh in rupee, taka New Delhi: Top lender State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar... Published 20 Sep, 2022 05:51am
Business & Finance US dollar advances as markets brace for hefty Fed rate hike LONDON/NEW YORK: The dollar gained against major currencies on Monday, trading within narrow ranges ahead of a slew... Published 20 Sep, 2022 05:51am
Business & Finance Kaisa offshore creditors offer $2bn to take over stalled projects HONG KONG: An offshore bondholders’ group of cash-strapped Kaisa is offering up to $2 billion to acquire stalled... Published 20 Sep, 2022 05:51am
Markets Dollar firm as Fed headlines big week for central banks LONDON: The dollar held firm near two-decade highs against other major currencies on Monday, biding its time ahead... Published 19 Sep, 2022 05:56pm
World India's top lender asks exporters to trade with Bangladesh in rupee, taka NEW DELHI: Top lender State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar... Updated 20 Sep, 2022 01:20am
Markets Dollar off 20-year peak as Fed headlines big central bank week TOKYO: The dollar lingered near a two-decade top on major peers on Monday, ahead of a week loaded with market... Published 19 Sep, 2022 11:29am
Pakistan FIA tasked to look into PKR devaluation ISLAMABAD: In order to stop the continuous devaluation of Pakistani rupee, the government has given a task to the... Published 19 Sep, 2022 06:17am
Markets Saudi Fund for Development confirms rollover of $3bn deposit maturing on Dec 5 for 1 year: SBP Deposit is placed with SBP and part of its forex reserves Updated 18 Sep, 2022 07:16pm
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (September 16, 2022).... Published 17 Sep, 2022 04:27am
Markets Dollar holds ground ahead of Fed, yuan under pressure SINGAPORE: The dollar eased from multi-year highs on Friday after a strong rally earlier in the week, though... Published 16 Sep, 2022 11:26am
Markets Profit-hunting drags PSX lower KARACHI: Pakistan Stock Exchange Thursday witnessed a volatile session due to persistent widening gap of value... Published 16 Sep, 2022 06:04am
Markets SBP-held foreign exchange reserves decline $176mn to $8.62bn Central bank says decrease due to external debt, other payments Published 15 Sep, 2022 07:21pm
Markets Dollar stands tall as focus swings back to Fed SINGAPORE: The dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in... Published 15 Sep, 2022 11:24am
Business & Finance Yen jumps vs dollar after BOJ rate check, hints on intervention, US PPI data NEW YORK: The yen was up more than 1% against the dollar on Wednesday after the Bank of Japan conducted a rate check... Published 15 Sep, 2022 07:18am
Opinion Why the dollar’s wrecking-ball rally is not done yet A rally that has the dollar on course for its best year since 1984 has further to run, traders and analysts say,... Published 15 Sep, 2022 05:57am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday... Published 15 Sep, 2022 05:57am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (September 14, 2022).... Published 15 Sep, 2022 05:57am
Print Economists list factors behind pressure on PKR ISLAMABAD: Smuggling of the dollar, increase in trade deficit, non-materialization of funds from friendly countries... Updated 15 Sep, 2022 09:59am
Markets Dollar pushes towards fresh 24-year peak versus yen after US CPI shock TOKYO: The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in US yields after... Published 14 Sep, 2022 11:32am
Business & Finance Dollar falls ahead of US inflation data; euro jumps NEW YORK: The US dollar fell to its lowest level in about two weeks against a basket of currencies on Monday... Published 13 Sep, 2022 06:12am
Markets PKR: A woeful week KARACHI: The rupee had a woeful previous week, losing value in all five sessions for a cumulative fall of over 4% to... Published 12 Sep, 2022 06:01am