Rupee closes at 194.18 against USD, cumulative depreciation in one month hits 6.5% Lack of clarity on economic policy and falling foreign exchange reserves as well as dollar's strength have contributed to currency's decline Updated 16 May, 2022 07:43pm
Markets Turkish lira weakens for 8th day to near 15.6 against dollar ISTANBUL: The Turkish lira slid to near 15.6 against the dollar on Monday, slipping for the eighth consecutive... Updated 16 May, 2022 03:28pm
Markets Yuan near 20-month low as economic gloom overshadows easing lockdowns SHANGHAI: China’s yuan hovered just off a 20-month low against the dollar on Monday, as much weaker-than-expected... Published 16 May, 2022 11:34am
Print ‘Violation’ of IMF pact by PTI govt led to surge in USD rates: Miftah KARACHI: Federal Minister for Finance, Miftah Ismail Friday has said the current surge in the US dollar and... Updated 14 May, 2022 09:50am
Print London huddle still taking stock of ‘grim’ situation Prime Minister Shehbaz Sharif holds another meeting with Nawaz Sharif Updated 14 May, 2022 09:46am
Markets Rouble firms past 63 vs dollar in Moscow, hits fresh 5-year high vs euro The Russian rouble firmed past 63 per dollar in Moscow on Friday for the first time since early February 2020 and... Published 13 May, 2022 01:51pm
Markets Turkish lira extends slide; CDS back at 2008 levels ISTANBUL: The lira dipped for the seventh straight session on Friday and a key CDS measure of risk for Turkish ... Updated 13 May, 2022 03:06pm
Markets Euro bounces off lows but heads for big weekly loss LONDON: The euro edged off five-year lows to rise back above $1.04 on Friday, but it is headed for a big weekly loss... Published 13 May, 2022 01:42pm
Markets China’s yuan extends declines to new 19 month low, set for 6th weekly drop SHANGHAI: China’s yuan eased further, touching a more than 19-month low against the dollar on Friday and breaching a... Published 13 May, 2022 09:48am
Markets Oil rises as supply concerns outweigh reduced demand, recession risks NEW YORK: Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in... Published 13 May, 2022 05:59am
Business & Finance PKR slide: business leaders underscore need for reviewing free float policy KARACHI: Policy of free float of rupee should be revisited by the country’s new economic team, as sharp... Published 13 May, 2022 05:59am
Markets Currency crisis: Rupee closes at 191.77 in inter-bank, hits 193 in open market Dealers say there is shortage of dollars in open market Updated 12 May, 2022 08:23pm
Markets China's yuan hits more than 19-month low against high-flying greenback SHANGHAI: China's yuan fell to its weakest in more than 19 months on Thursday after the central bank set its fixing... Updated 12 May, 2022 03:11pm
Markets Dollar hovers near 2-decade high as CPI keeps aggressive US rate hikes likely TOKYO: The US dollar held near a two-decade high on Wednesday after US inflation moderated less than markets had... Published 12 May, 2022 09:46am
Markets Oil slips more than 2% on fears recession may hit demand LONDON: Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial... Updated 12 May, 2022 03:35pm
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (May 11,... Published 12 May, 2022 05:40am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 11, 2022).... Published 12 May, 2022 05:40am
Business & Finance Sterling edges up against dollar, little changed versus euro LONDON: Sterling barely changed against the euro on Wednesday, while it edged up versus the dollar but still within... Published 12 May, 2022 05:40am
Markets Turkish lira weakens against dollar for fifth day ISTANBUL: The Turkish lira eased a further 0.5% against the dollar on Wednesday, weakening for the fifth consecutive... Published 11 May, 2022 12:25pm
Markets Dollar clings to 20-year high ahead of US inflation data LONDON: The dollar held close to a two-decade high on Wednesday as investors waited for fresh US inflation data to... Updated 11 May, 2022 01:52pm
Markets Commodity currencies hit by tumbling oil prices, bitcoin near 10-month low HONG KONG: Falling commodity prices dragged the Australian and Canadian currencies lower on Tuesday, although the... Published 10 May, 2022 10:54am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 9,... Published 10 May, 2022 05:10am
Markets Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (May 9, 2022).... Published 10 May, 2022 05:10am
Business & Finance BMP urges govt to help arrest rupee slide LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has urged the... Published 10 May, 2022 05:10am
Business & Finance US dollar hits 20-year high as risk aversion dominates NEW YORK: The US dollar was higher on Monday after reaching a twenty-year high as risk-off sentiment stemming in ... Published 10 May, 2022 05:10am
Markets Dollar rides to two-decade highs as rates rise; euro struggles LONDON: The dollar climbed to its highest levels in two decades on Monday as a combination of rising US Treasury... Published 09 May, 2022 02:04pm
Markets Yuan touches new 18-month low, markets await trade data to gauge pain of lockdown SHANGHAI: China’s yuan extended losses to a new 18-month low in early trade on Monday, breaching a key threshold, as... Published 09 May, 2022 10:36am
Business & Finance Australia, NZ dollars all out of luck as markets nosedive SYDNEY: The Australian and New Zealand dollars were left reeling on Friday, having suffered stunning reversals... Published 08 May, 2022 07:53am
Business & Finance Closing the ‘escape valve’: Venezuela pursues de-dollarization CARACAS: Having opened its arms to the US dollar as an “escape valve” Venezuela is now trying to re-energize its... Published 08 May, 2022 07:53am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 06,... Published 07 May, 2022 05:46am