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BUSINESS
FPCCI , Vietnam keen to promote bilateral trade
ISLAMABAD. August 30,2022: The: Federation Pakistan Chamber of Commerce and Industry (FPCCI) and Vietnam agreed for enhancing the bilateral trade and economic ties to further boost the trade and investment volume between both sides.…
PKR gains massive value against USD on IMF deal announcement
KARACHI: August 30, 2022: The rupee finally bounced back to gain value against US dollar on the news of approval of a bailout package by the International Monetary Fund (IMF).
The rupee gained Rs 2 in interbank and Rs 5 in the open…
FPCCI chief apprises Industries minister of SMEs bottlenecks
ISLAMABAD : August 29,2022. Irfan Iqbal Sheikh, President Federation of Chambers of Commerce and Industry (FPCCI) has apprised the problems of industrialists and small and medium enterprises (SMEs) to Federal Minister for Industries and…
Rupee loses more shine in inter bank trade
KARACHI : August 29, 2022: US dollar is continuing its flight against the local currency on 11 working session here on Monday.
According to the Forex Association of Pakistan (FAP), US currency soared to Rs Rs 222 (buying) and 222.50…
Dollar keeps bashing local currency , gains another Rs 1.30
KARACHI : August 26, 2022: US dollar rose to the new height as it appreciated by Rs 1. 30 to a rupee in interbank in the first session on Friday. US value pegged at Rs 220.80 against Rs 219. 50 of Thursday.
In the open market, its…
USD continues upward flight , ditches rupee further
KARACHI. August 25, 2022. US dollar maintained its upward flight against the rupee in both interbank and open currency market on Thursday. USD traded at 219 in interbank against its last day’s value of Rs 18.50.
In open market traded made…
Decline in workers remittances worrisome for Pakistan
KARACHI. August 24, 2022. Major decline in workers remittances in July this year is a worrisome factor for Pakistan. The official statistics suggested decline of 8.5 % in workers remittances against the same month of the last year.…
Dollar ditches rupee further, rupee losing value fast
Karachi. August 24, 2022. The US dollar made another major stride by gaining Rs 0.75 against the local currency in interbank trade on Wednesday. The dollar traded at Rs 218.50 in interbank trading. It had closed at Rs 217.75 on Tuesday…
Dollar’s bashing brings PKR under pressure again
KARACHI : August 23: The US dollar is on rampage again in the local currency as it gained another one rupee against the rupee in the first session on Tuesday . With an increase of one rupee US dollar traded in interbank at Rs 217.60 . It…
SBP maintains policy rate at 15 % for now
KARACHI . August 22, 2022. The Monetary Policy Committee (MPC) decided to maintain the policy rate at 15 percent. To cool the overheating economy and contain the current account deficit, the policy rate has been raised by a cumulative 800…
