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BUSINESS
Dollar flight goes on; SBP keeps watching Pakistan’s economic devastation ‘plan’
KARACHI: September 16, 2022: US dollar appreciated by another Rs 0.75 in interbank against the local currency to peg at Rs 236.75 on Friday.
In the open market , US dollar remained at last day’s value of Rs 240 in the first session on…
Free fall of rupee continues as SBP stays as mere spectator
KARACHI : September 14,2022: US dollar took another big jump and gained Rs 2 in value term against the rupee on Wednesday .
US dollar appreciated to Rs 234 on Wednesday from Rs 232 of the last working day.
In open market , US dollar…
SBP’s inaction brings Pakistan’s economy into danger zone : wails FPCCI chief
ISLAMABAD: September 12,2022: Federation of Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has emphasized that the government and the State Bank of Pakistan (SBP) should immediately take cognizance of the fact the Pak…
No SBP step insight to check manipulation of currency market as USD keeps ditching PKR
KARACHI: September 9, 2022. US dollar goes unbridled with another jump of Rs 2.75 to appreciate to Rs 228.20 in interbank against the local currency on Friday. US dollar had closed at Rs 225.50 on Thursday .
In the open market , US…
SBP keeps acting as spectator as dollar gets further costly
KARACHI. September 8,2022. US dollar rose to the new level against the local unit as it valued at Rs 225.40 in interbank at the closing of the first session on Thursday.
US dollar had closed at Rs 223.50 at the end of working session on…
SBP’s inaction pushes rupee in grey zone again
KARACHI: September 7, 2022: US dollar (USD0 continued its bullish trend against the rupee in both interbank and open market in Pakistan on Wednesday.
USD appreciated by another Rs 1.45 against the local currency and pegged at Rs 223.20 in…
Pakistan: USD becomes dearer in inter- bank, open market
KARACHI: September 6, 2022. After open market, US dollar turned bullish as it gained Rs 1.75 against the rupee in intertrade in the second session in the currency market on Tuesday. It closed at Rs 221.75 at closing of the day. In the first…
SBP’s criminal inaction creates heaven in Pakistan’s currency market for dollar mafia
KARACHI : September 5, 2022: Dollar mafia is back again to take advantage of rising demand of the US currency and jack- up its value in the open market .
On Monday , US dollar value increased by Rs 7.50 against the local currency .
The…
Gold gets costlier : check new rates here
KARACHI : September 5,2022. Gold made a gain of Rs 650 in its rates on the first working day of the week to take its per tola price in local market to Rs 147500 .
According to All Pakistan Jeweller manufacturers Association (APJMA)…
FPCCI warns govt of backlash of unbearable utility rates hike
ISLAMABAD : September 2,2022: Irfan Iqbal Sheikh, president Federation of Chambers of Commerce and Industry (FPCCI) has categorically informed the government that the business, industry and trade community of Pakistan is contemplating to…
