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In the interbank market on Friday, the rupee, which has been falling for nearly a week, lost Rs2.76 to the dollar. The PKR lost 1.21 percent from yesterday’s close to close, closing at Rs228.18 per $1. The currency rate was under pressure, according to Saad bin Naseer, director of Mettis Global, due to payments and […]
Energy ministers from the member states of the European Union(EU) will gather on Friday to discuss a wide range of options for protecting consumers from sky-high energy costs as winter approaches.The talks will be based on a set of proposals made by Ursula von der Leyen, the president of the European Commission. These include a […]
According to data provided by the Forex Association of Pakistan, the rupee lost Rs1.78 in early trade on Thursday on the interbank market (FAP). In comparison to yesterday’s closing rate of Rs223.42, the dollar was trading at roughly 11:26 am at Rs225.20. The dollar appreciated by 2 rupees against the rupee in the prior session […]
Oil prices rose by roughly $1 per barrel on Thursday after breaking through significant technical support levels the previous day as investors focused on the potential for a future fuel supply deficit caused by a dispute over energy between European nations and Russia. Brent crude futures increased by 91 cents, or 1%, to $88.91 a […]
The IMF rescue package for Sri Lanka could mark the end of the country’s biggest economic crisis, but much of the hard work still needs to be done due to the country’s unstable political situation and the need to secure debt relief from rivalling countries China, India, and Japan. President Ranil Wickremesinghe is aware that […]
KARACHI: The demand and supply conditions for the dollar fluctuated on Tuesday, putting more pressure on the Pakistani rupee, which fell against the dollar in the interbank market.The local currency was trading at 221.60, up from yesterday’s finish of 219.86, after losing 1.74 points against the dollar during intraday activity in the interbank market. Dealers […]
KARACHI: The bears remained in control of trading at the Pakistan Stock Exchange on Monday, with the benchmark KSE-100 index extending losses from the previous week and falling by more than 450 points. The benchmark began the week on a sour note after succumbing to late-session profit-taking. Despite the ongoing political turmoil, the market opened […]
KARACHI: The much-anticipated bailout programme for Islamabad was renewed by the executive board of the International Monetary Fund (IMF), which caused the Pakistani rupee to appreciate versus the US dollar on Tuesday during intraday trade.In intraday activity on the interbank market, the rupee strengthened by 2.42 percent to 219.50 against the US dollar from Monday’s […]
ATHENS: On Saturday, Greece ended a 12-year period of budgetary oversight by the European Union that had been imposed in exchange for bailouts following a dire debt crisis.Athens disclosed a substantial increase in its public deficit in November 2009, which finally sparked a financial crisis across the eurozone and wrecked Greek finances for a decade. […]
By 2030, Singapore will surpass Australia as the Asian nation with the greatest percentage of millionaires among adults.According to a research released by the bank on Tuesday, the financial centre is anticipated to be at the top of the list in the Asia-Pacific, followed by Australia, Hong Kong, and Taiwan. By the end of the […]
