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Currency
Dollar becomes cheaper in open market than open market
KARACHI: Oct 12: As positive outcome of the on-going crackdown against mafias be it gold mafia, dollar mafia or any other mafia continues. The first positive sign of the crackdown on crooked currency mafia has brought major relief to the…
Gold, dollar mafia sinks in cohesion
KARACHI: Oct 3: Pakistan’s economy seems getting out of the clutches of the mafia which controls dollar and dictates the local currency market. The dollar mafia comprises of the currency dealers and banks which for many reasons could be…
Dollar shrunk to one year low against rupee –Sept 29 rates
KARACHI: September 29: Pakistan economy seems getting much- needed relief due to continuous slide down of US dollar in the local market.
In the last two rules. One of Imran Khan and other of Shahbaz Sharif dollar’s appreciation had put…
Dollar rates continue to slide in Pakistan –Sept 27 update
KARACHI: September 27 : As a stringent crackdown on the currency hoarders and smugglers continues in the country, dollar continues to lose its value in interbank and open market.
In open market , dollar shed more than a rupee on Wednesday…
Decline in smuggling boosts-up rupee value against dollar
Karachi: Sept 22: Dollar mafia is losing its grip as a result of the on-going crackdown of the Law Enforcing Agencies (LEAs) and its ultimate result is continuous appreciation of the rupee in value against US dollar.
On Friday, US dollar…
Dollar loses more ground as LEAs crackdown works well
KARACHI: Sept 21: US dollar depreciated by another Rs 1 in interbank on Thursday. The open market, however, is resisting depreciation of greenback in local currency market.
The Law Enforcing Agencies (LEAs) are continuing raids across…
Rupee gains another Rs 0.90 against dollar in interbank today
KARACHI: Sept 20: US dollar depreciated by another Rs 0.90 in interbank in interbank. The open market, however, is resisting depreciation of greenback in Pakistan’s currency market on Wednesday.
Meanwhile, the Law Enforcing Agencies (LEAs)…
Rupee gains more value as crackdown against currency smugglers continues
KARACHI: Sept 19: US dollar depreciated on Tuesday by another Rs 1.85 in interbank and Rs 1 in open market as law enforcing agencies (LEAs) keep chasing the currency smugglers across Pakistan.
The LEAs agencies have conducted raids in all…
Dollar loses more ground in interbank, open market holds fort
KARACHI: Sept 18: US dollar depreciated on Monday by another Rs 0.65 in interbank as law enforcing agencies (LEAs) keep chasing currency smugglers across Pakistan.
The LEAs agencies have conducted raids in all major cities in the last one…
Dollar goes down to Rs 297 both in open, interbank market
KARACHI: Sept 15: US dollar is continuously losing value in interbank and open market as law enforcing agencies (LEAs) keep chasing currency smugglers.
A number of currency dealers who were found involved in currency smuggling have been…
