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Rupee hits historic low against dollar as political uncertainty…
KARACHI: The Pakistani rupee continued to fall against the US dollar, reaching a historic low of above 228 in the interbank market on Friday.
During the intraday trade, the rupee fell to as low as 229, but it closed at 228.37, losing…
Rupee free fall continues despite govt assurances of economic…
KARACHI: The Pakistani rupee on Thursday continued its downward trend against the US dollar, hitting a new low of 228 during the morning trade in the interbank market — despite the government’s assurances of market stability in the coming…
Imports fall following government trade measures: Miftah
Islamabad: Finance Minister Miftah Ismail said on Wednesday that imports have declined as a result of measures taken by the current government to correct the fundamentals of trade.
During a news presser in Islamabad, he said that the…
Rupee hits all-time low of Rs222 against US dollar
The Pakistani rupee hit an all-time low on Tuesday against the US dollar, reaching Rs222 in the interbank market despite an announcement by the International Monetary Fund (IMF) regarding the resumption of the multi-billion-dollar loan…
Gold loses its shine, prices drop by Rs300 per tola
KARACHI: The gold price in Pakistan receded on Monday with a drop of Rs300 per tola amid rising inflation.
According to the All Sindh Sarafa and Jewellers Association (ASSJA), the price of the yellow metal settled at Rs141,400 per tola in…
Rupee makes recovery against US dollar, closes at 204.56
The Pakistani rupee recovered on Monday, closing at 204.56 against the US dollar in the interbank market.
According to data released by the State Bank of Pakistan (SBP), the local currency gained 0.14%, against the greenback.
Last week,…
Freelancers demand govt backing
ISLAMABAD:
Freelancers and digital marketers have urged the government to make freelancing economy part of the national agenda to increase their footprint in the global market and give a boost to the foreign exchange reserves.
They have…
Pakistan’s exports to US rise 23%
Envoy believes total exports may cross $8b, including services and IT
ISLAMABAD:
Pakistan’s Ambassador to the United States Masood Khan revealed on Saturday that Pakistan’s exports to the US were on the rise during former premier Imran…
Irregularities detected in QASPL contract award
LAHORE:
The Anti-Corruption Establishment (ACE) has launched a probe into alleged irregularities detected in the awarding of key positions to blue-eyed officials in a project of the Quaid-i-Azam Solar Power Private Limited (QASPL) aimed at…
Cooking oil imports eat up $3.6b
KARACHI:
Pakistan’s imports of cooking oil spiked to $3.56 billion in the first 11 months of the previous fiscal year that ended on June 30, 2022, which was equivalent to 60% of the three-year International Monetary Fund (IMF) loan…