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BUSINESS
SBP’s monetary policy committee scheduled to meet on Nov 25
KARACHI: Nov 22, The State Bank of Pakistan (SBP) has announced to
review monetary policy on November 25,2022 (Friday).
Since taking over by Ishaq Dar, as a Finance minister in October last, SBP has not made any change in its policy…
Political turmoil bites ; Dollar takes big stride against rupee
KARACHI:. Nov 21,2022:. US dollar continues its gains against the local currency . Basically, two factors are putting pressure on the rupee. One , receding forex reserves are making the rupee stumble . Second, on-going political turmoil is…
Violation of regulations; SBP suspends two more forex companies
KARACHI : Nov 19,2022: The State Bank of Pakistan (SBP) has suspends the authorization of M/s Orient Exchange Company-B
(Pvt) Limited and M/s Best Way Exchange Company-B (Pvt) Limited.
SBP has suspended, with immediate effect the…
Rumour mongering at work: US dollar ditches rupee in open market
KARACHI: Nov 17, 2022; In a major jolt to the rupee, US dollar soured by Rs 1.75 in open market in mid-day trade on Thursday
With the latest increase, US dollar soared to Rs 227.25 in open market against last day’s rate of Rs 225.50.…
US dollar makes gains in interbank; rupee finds ground in open market
KARACHI: Nov 16,2022:. With going forex reserves low to an alarming level , US dollar has again taken upward flight against the local currency..
US dollar appreciated by 30 paisa and closed at Rs 222.20 in interbank in the first session…
“Saudi Build” exhibition in Riyadh, Pakistani products get overwhelming response
RIYADH : Nov 15,2022: "Saudi Build" , an international exhibition of construction companies has commenced in Riyadh, Saudi Arabia .
As many as one dozen Pakistani companies are a part of "Saudi Build " international exhibition.…
Rupee keeps US dollar at bay ; no change in currency rates today
KARACHI: Nov 14, 2022: Despite runours in social media of the rupee , the currency market remained stabile and there was no fluctuation seen in the rates of US dollar or the local currency.
On the first working day of the week, US dollar…
Rupee maintains edge over USD in interbank
KARACHI: Nov 11, 2022: The domestic currency market shows stability during the last couple of days.
US dollar showed slight depreciation against the local unit in interbank on Friday. US dollar was recorded at Rs 221.50 against Rs 221.70…
Gold rates. How much a tola costs in Pakistan today?
KARACHI; Nov 10, 2022: After a major upward revision in the price a day before, gold became cheaper slightly in domestic market on Thursday.
According to All Pakistan Jewelers Manufacturers Association, gold shed Rs 300 to bring its price…
SBP moving fast for green initiatives, says governor SBP
KARACHI : Nov 9, 2022: The State Bank of Pakistan organized a Sustainable Banking Conference, in collaboration with IFC, a member of the World Bank Group, today in a local hotel in Karachi. The objective of the conference was to create…