Tuesday , January 19 2021
Breaking News
Home / Tag Archives: Currencies

Tag Archives: Currencies

Australian, New Zealand dollars continue to advance against other major currencies

WELLINGTON: Australian and New Zealand dollars continued to move on against the other major currencies in the Asian session, as optimism about the outlook for monetary policy in both US and Europe as well as rise in crude oil prices boosted investor sentiment. Wall Street, the continued strength, partly reflected optimism about the outlook for monetary policy following Wednesday’s release ... Read More »

Dollar edges higher against yen

New York: The dollar Friday edged higher against the yen on Friday. This is an 11th straight weekly gain of dollar against a basket of currencies in New York Stock Exchange  and experts believed that it would extend the longest winning streak since its 1971 free float.  The currency experts further said that dollar rally would extend till next year. Read More »

Dollar reaches Rs103.30 as rupee continues to nosedive

KARACHI: The US dollar gained 63 paisa in the inter-bank currency exchange on Monday, reaching Rs 103.30 mark as uncertainty continues to prevail on the political horizon in the country. The experts blame the current political situation for frailty of rupee and fear that it may further depreciate if the situation did not return to normalcy. Earlier, currency experts had ... Read More »

Need to work out win-win solution

 The political chaos created by the sit-ins by Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek leader Dr Tahirul Qadri has begun to dent the national economy. The Pakistani rupees is continuing shedding its value against dollar while trade and business activities are also slowing down in the twin cities and elsewhere in the country. It is reported that ... Read More »

Imran, Qadri marches: Rupee continues to lose value against dollar

KARACHI: Pakistani rupee continued to lose value as it plummeted 70 paisas against US dollar in the inter-bank market as later touched the Rs 101.10 mark. Traders and businessmen are worried due to this political standoff because this situation would further curtail the value of local currency against dollar. Analysts reflected that if the current political scenario continued to prevail ... Read More »

Tuesday July 15 -Monday July 21, 2014

Customs Today News Paper

Read More »

Rupee fluctuates owing to political situation in Lahore

ISLAMABAD: US dollar appreciated to as much as over Rs 100 in the currency market due to nervousness created by the arrival of Dr Tahirul Qadri and subsequent events in the day in connection to his arrival. Currency dealers in the open market said that the arrival of Dr Qadri and ensuing political tension depressed the market. Nervous traders turned ... Read More »

Dollar jumps in open market ahead of summer vacations

KARACHI: After staying stable for over a month and a half, US dollar crossed Rs 100 mark in the open market towards the end of this week, said currency traders. Dollar crossed Rs100 by midday however returning back to Rs 99.85 by the close, said a money changer. The greenback breached the limit on Thursday as it was traded at ... Read More »

Greenback falls to Rs97

KARACHI: The US dollar plummeted to Rs97-level on Monday, continuing its depreciation from the previous week. According to forex.pk, the greenback was being bought at Rs97.70 and sold at Rs97.90 in the interbank-market. However, in the open market the dollar is being sold at Rs100.40 and bought at Rs100.15, registering a slight decrease in its value from the previous day. ... Read More »

Greenback traded at Rs98: Dollar slips further in inter-bank market

KARACHI: The US dollar again fell back to one year low of Rs98 in the inter-bank market, prompting currency dealers to expect further decline. The dollar kept resisting in the inter-bank market for the last three days but could not break the psychological barrier of Rs100. Dealers in the inter-bank market said the State Bank had been influencing to keep ... Read More »

Rupee declines, expected to stabilize around 100 mark

ISLAMABAD: The rupee has decline by 80 paisas to close at 99.35 against the US dollar in the interbank market, dealers said. The forex market faced some panic on buying pressure and speculative sentiment, they said. The rupee hovered in the range of 99.35 and 99.45 per dollar at the commencement of the trading. The dealers expect the rupee to ... Read More »

‘Mystery’ of sudden rise in forex reserves yet to be unfolded

KARACHI: Net foreign exchange reserves with State Bank of Pakistan (SBP) rose by $1.03 billion during the second and third weeks of the outgoing month which provided the much-needed vigor to strength rupee against dollar. The current drastic appreciation in rupee against the dollar is largely due to the increase in the net foreign exchange reserves with SBP. However, one ... Read More »

Expats remittances rise by 11pc in 8 months

KARACHI: Remittances sent by overseas Pakistani surged by 10.95 percent to the amount of $10.245053 billion in the first eight months (July to February) of the current fiscal year, against $9.234077 billion during the same period of last fiscal year, said a SBP statement here. The inflow of remittances in July- February FY14 from Saudi Arabia, United Arab Emirates ( ... Read More »

Dollar plunges below Rs98, price of POL must lower down

KARACHI: The Pakistani rupee hit eight-month high on Wednesday against the dollar, trading below the key psychological 100-to-a-dollar level. Dollar further plunged to Rs97.90 in interbank and Rs98.00 in the open market during the day, witnessing Rs2.40 decease in the open market.  Foreign currency dealers said that the rupee maintained its upward journey for the second consecutive day both in ... Read More »

Rupee continues to gain weight in its value

LAHORE: Pakistani rupee is continuing to gain weight against the US dollar that has depreciated by around Rs 4 in a single week while its value is fluctuating at around Rs 100 mark. US dollar value in international foreign exchange rates stood at Rs 100.69. Pakistan open market rates for US dollar are Rs 100.25 whereas interbank rates for dollar ... Read More »

Foreign inflows stand at $3.5b so far in FY14

ISLAMABAD: Pakistan has received foreign inflows to the tune of over $3.5 billion including disbursement under the Coalition Support Fund (CSF), IMF tranches under the Extended Fund Facility (EFF), grants and loans from multilateral and bilateral donors so far in the current fiscal 2013-14. As per details, the country received $674 million under the head of CSF against the budgeted ... Read More »

Rupee strengthens, expected to gain value further

KARACHI: The rupee ended higher at 102.85/102.95 against the dollar compared to previous close of 103.30/103.35 a day earlier. Overnight rates in the money market rose to 9.90% from Thursday’s close of 9.00%. Heavy debt repayments to the International Monetary Fund (IMF) had dented the central bank’s reserves, which had declined significantly, putting pressure on the rupee. However reserves are stable ... Read More »

Rupee strengthens to 103.5 against US dollar

KARACHI: Pakistani rupee has gained value against the US dollar in both the inter-bank and open markets ending at 103.5 to the dollar indicating that the rupee is gaining faster than the market expectations which pushed investors to sell their holdings. The selling volumes doubled in last two days in the open market. Currency dealers said the sellers got nervous ... Read More »

Flow of fake currency notes mounting

ISLAMABAD: Circulation of fake currency notes valuing Rs 1000 is continuing unchecked in Karachi company market. Inflow of these fake notes makes rapid way in rush hours particularly in the evening time when all the shops are thronged by the consumers. The cloth shops are the easy targets of the fake currency dealers. “We are the hard hit sufferers as ... Read More »

Forex reserves down by $149m

KARACHI: The country’s liquid forex reserves fell by $149 million during last week. According to State Bank of Pakistan’s weekly reserves report, the country’s total liquid reserves declined to $8.168 billion as on January 17, 2014 down from $8.317 billion on January 10, 2014. Over the past, the central bank’s liquid forex reserves decreased by $145 million to $3.322 billion ... Read More »