Dollar boosted by safety bid on rising recession fears NEW YORK: Pessimism about the outlook for the global economy boosted demand for the safe haven U.S. dollar on Friday... Published 01 Jul, 2022 08:14pm
Markets Dollar heads for weekly gain as investors weigh rates, recession risks TOKYO: The dollar was little changed against major peers on Friday, but was on track for its best week in four as... Published 01 Jul, 2022 12:34pm
Markets Japanese stocks drop 1.5pc as production data fans slowdown fears TOKYO: Japanese stocks dropped on Thursday, losing more than 1.5% after data showed that monthly industrial... Published 01 Jul, 2022 06:13am
Business & Finance US dollar share of FX reserves steady in Q1, euro share dips, says IMF NEW YORK: The US dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the... Published 01 Jul, 2022 06:13am
Print Apparel exporters demand govt freeze ‘dollar, euro exchange rates’ KARACHI: Apparel textile makers-cum-exporters have demanded of the federal government to freeze the dollar and euro... Updated 01 Jul, 2022 11:03am
Markets Euro under pressure as inflation fears send investors to dollar haven SINGAPORE/HONG KONG: The euro struggled to regain a footing on Thursday, having tumbled overnight against a... Published 30 Jun, 2022 10:08am
Markets Asia FX tick up on US economy strength; stocks stumble on high yields Many Asian currencies advanced on Tuesday, as recessionary fears were eased in part by positive economic data from... Published 28 Jun, 2022 10:32am
Print Russia, rejecting default, tells investors to go to western financial agents MOSCOW: Russia rejected claims on Monday that is had defaulted on its external debt for the first time in more than ... Updated 28 Jun, 2022 09:36am
Business & Finance FE-25 Deposits: SBP revises currency-wise reporting format KARACHI: The State Bank of Pakistan (SBP) has revised the format for currency-wise reporting of FE-25 Deposits. All... Published 28 Jun, 2022 06:10am
Markets Dollar finds support as investors put safety first SINGAPORE: The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid... Updated 27 Jun, 2022 01:04pm
Markets PKR loses its value in four of five sessions KARACHI: The rupee closed last week with a 0.61% gain against the US dollar, but not before it had plummeted to its... Published 27 Jun, 2022 06:06am
Business & Finance US dollar slides as markets re-evaluate Fed rate path LONDON/NEW YORK: The US dollar slipped on Friday and was on track for its first weekly decline this month, as ... Published 25 Jun, 2022 04:42am
Markets Dollar stumbles as markets rethink interest rate path LONDON: The US dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled... Updated 24 Jun, 2022 04:19pm
Markets Critical level: SBP-held foreign exchange reserves plummet to $8.24bn Massive decrease of $748mn occurs on a weekly basis SBP says reserves expected to increase in coming days on realisation of proceeds of CDB loan Published 23 Jun, 2022 07:34pm
Opinion Demystifying FDI In an article carried by this newspaper on May 15, 2022 I gave the projected foreign exchange cash flow of the state... Updated 23 Jun, 2022 09:34am
Markets Dollar gains on growth fears ahead of Fed chair’s remarks HONG KONG: The safe haven dollar gained ground on most peers on Wednesday as investors turned nervous again about... Published 22 Jun, 2022 11:49am
Markets Yen bruised as Japan’s rates gap widens with rest of the world HONG KONG: The yen hit a fresh 24-year low against the dollar on Wednesday, having taken another tumble overnight as... Published 22 Jun, 2022 10:48am
Pakistan MoFA seeks additional Rs5.878bn to meet shortfall in allocations ISLAMABAD: Ministry of Foreign Affairs (MoFA) has sought additional funds of Rs 5.878 billion to meet shortfall in... Published 22 Jun, 2022 05:58am
Business & Finance Yen sinks to fresh 24-year low vs US dollar LONDON/NEW YORK: The Japanese yen plunged against the US dollar on Tuesday to its lowest level since October 1998, ... Published 22 Jun, 2022 05:58am
Business & Finance ‘Perfect storm’ for airlines facing strong US dollar and high oil prices DOHA: Global airlines are grappling with a double whammy from the rare combination of a strong US dollar and high... Published 21 Jun, 2022 02:00pm
Markets China’s yuan firm; signs of economic recovery, policy support help SHANGHAI: China’s yuan rose against the dollar on Tuesday, helped by signs of economic recovery and foreign inflows... Published 21 Jun, 2022 01:25pm
Business & Finance HCCI urges SBP to come up with clear policy on dollar’s availability HYDERABAD: President Hyderabad Chamber of Commerce and Industry Adeel Siddiqui has expressed concern over US... Published 21 Jun, 2022 06:58am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (June 20,... Published 21 Jun, 2022 05:51am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (June 20, 2022).... Published 21 Jun, 2022 05:51am
Business & Finance Sterling eyes tentative rebound LONDON: The pound edged higher on Monday, attempting to break a three-week losing streak versus the US dollar as... Published 21 Jun, 2022 05:51am
Markets China’s yuan hits over one-week high on steady lending benchmark rates SHANGHAI: China’s yuan rose to a more than one-week high against the dollar on Monday, supported by Beijing’s... Published 20 Jun, 2022 10:33am
Markets Yen tumbles from two-week high into BOJ decision, dollar bounces TOKYO: The yen retreated sharply from its highest point in nearly two weeks on Friday, with the Bank of Japan likely... Published 17 Jun, 2022 12:05pm
Markets Rupee’s fall continues, dollar now at 208.75 IMF uncertainty steers further plunge in Pakistan's currency Updated 17 Jun, 2022 07:08pm
Opinion Emergence of new global currency As the sun was settling down on the British Empire, the US was flexing its economic and arsenal might to get crowned... Updated 17 Jun, 2022 03:45pm
Business & Finance Swiss franc soars vs dollar, euro NEW YORK: The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered... Published 17 Jun, 2022 06:37am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees