KARACHI: Foreign exchange reserves have declined as shortage of more than 110 million dollars happened in government reserves on a weekly basis. The reserves decreased by more than 10 billion dollars to the level of 8.04 billion dollars. The total foreign exchange reserves are at the level of 13.33 billion dollars. Net foreign reserves held … Read more
Pakistan’s foreign exchange reserves rise to $9.83 billion. State Bank of Pakistan reports an increase of $60 million in reserves. Deposits of $2 billion from Saudi Arabia and $1 billion from the UAE contribute to the improved reserves. Pakistan’s foreign exchange reserves have witnessed a significant improvement following the release of anticipated bailout funds from … Read more
KARACHI: Pakistan’s foreign exchange reserves have increased $24 million to $8.726 billion by the week ended February 17, 2023, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $8.702 billion a week ago on February 10, 2023. The country’s foreign exchange reserves hit the all-time high of … Read more
KARACHI: The rupee fell another 27 paisas against the dollar on Monday, owing to a sharp decline in the foreign exchange reserves, dealers said. The local currency fell to Rs227.41 against the dollar from last Friday’s closing of 227.14 in the interbank foreign exchange market. The dealers said last week the repayment by the government … Read more
KARACHI: The rupee recovered for the third consecutive session on Thursday, as the State Bank of Pakistan (SBP) announced that it had received the funds from the International Monetary Fund (IMF), besides investment commitments from the friendly countries, dealers said. The exchange rate witnessed a gain of 15 paisas to Rs218.60 against the dollar from … Read more
COLOMBO: The Sri Lankan government sent a delegation to the International Monetary Fund (IMF) on Sunday to discuss ways to obtain loans from the lender. Finance Minister Ali Sabry and Central Bank Governor Nandalal Weerasinghe are part of the delegation. Next week, the delegation will travel to Washington, DC, to meet with IMF officials. They … Read more
KARACHI: The liquid foreign exchange reserves of the country fell $386 million to $22.283 billion by the week ended March 11, 2022, the central bank reported on Thursday. The foreign exchange reserves of the country were recorded at $22.669 billion during the week ended March 4, 2022, it said. The official foreign exchange reserves of … Read more
KARACHI: The rupee recovered 12 paisas against the dollar on Friday owing to an ease in oil prices in the international markets. The exchange rate ended at Rs178.51 to the dollar from the previous day’s closing of Rs178.63 in the interbank foreign exchange market. The local currency recovered to the current level from the record … Read more
KARACHI: The liquid foreign exchange reserves of the country slipped $206 million to $22.669 billion by the week ended March 4, 2022, the State Bank of Pakistan (SBP) said on Thursday. The country’s foreign exchange reserves stood at $22.875 billion a week ago, i.e., February 25, 2022. The official forex reserves of the central bank … Read more
KARACHI: The rupee lost 21 paisas against the dollar on Wednesday, as international oil prices spiked at $113/barrel, dealers said. The exchange rate ended at Rs177.62 against the greenback, compared with the previous day’s closing of Rs177.41. The international oil prices recorded a massive jump; following Russian supply concerns after war with Ukraine. The benchmark … Read more
KARACHI: The rupee fell 23 paisas against the dollar on Thursday, amid fears of further rise in the international oil prices after Russia attacked Ukraine, dealers said. The exchange rate ended at Rs176.39 against the greenback from the previous day’s closing of Rs176.16 in the interbank foreign exchange market. The dealers said the forex market … Read more
KARACHI: The rupee recovered 7 paisas against the dollar on Wednesday as the international oil prices recorded a decline. The exchange rate ended at Rs176.16 to the dollar, as compared with Rs176.23 the previous day in the interbank foreign exchange market. The dealers said that the declining trend in the global crude oil prices helped … Read more
KARACHI: The rupee recovered 11 paisas against the dollar on Monday owing to an ease in the global oil prices. The exchange rate ended at Rs175.75 to the dollar from last Friday’s closing of Rs175.86 in the interbank foreign exchange market. The dealers said that the reports of possible diplomatic talks on Russia-Ukraine tensions had … Read more
KARACHI: The rupee is expected to remain unstable next week, owing to the uncertainty in the international oil prices and a surge in the domestic demand for imported goods, analysts said. The local currency remained dependent on the movement of international oil prices during the outgoing week. It lost 39 paisas against the dollar during … Read more
KARACHI: The dollar rebounded against the rupee by 47 paisas on Friday owing to weekly demand and high oil prices. The exchange rate ended at Rs175.86 to the dollar from the previous day’s closing of Rs175.39 in the interbank foreign exchange market. The rupee made gains during the past two trading sessions owing to ease … Read more
KARACHI: Pakistan’s liquid foreign exchange reserves slipped $231 million to $23.49 billion by the week ended February 11, 2022, official statistics revealed. The foreign exchange reserves of the country stood at $23.721 billion by the week ended February 4, 2022, according to the statistics released by the State Bank of Pakistan (SBP). The official foreign … Read more
KARACHI: The rupee recovered 11 paisas against the dollar on Wednesday as the international oil prices fell after hitting the seven years high on Monday. The exchange rate ended at Rs175.67 to the dollar from the previous day’s closing of Rs175.78 in the interbank foreign exchange market. The dealers said that the global oil prices … Read more
KARACHI: The rupee declined 31 paisas against the dollar on Tuesday, as international oil prices recorded a further rise, dealers said. The exchange rate ended at Rs175.78 against the greenback, compared with the previous day’s closing of Rs175.47 in the interbank foreign exchange market. The dealers said the upsurge in the international oil prices put … Read more
KARACHI: The rupee is expected to maintain the upward trend next week, owing to the positive sentiments and flows of the external receipts. The local currency may get support from the transfer of the International Monetary Fund (IMF) tranche and other external payments, besides ease in the demand for import payments. The exchange rate for … Read more
KARACHI: The rupee continued its sharp recovery against the dollar and made a gain of Rs1.04 on Friday. The exchange rate ended at Rs174.48 against the greenback from the previous day’s closing of Rs175.52 in the interbank foreign exchange market. The rupee maintained gaining momentum for the last eight consecutive days since reaching Rs176.98 on … Read more
KARACHI: Import restrictions introduced through the Finance Supplementary Bill is expected to help the rupee remain stable next week. However, a surge in the international oil prices may prove otherwise. The National Assembly on January 13, 2022 approved the Finance (Supplementary) Bill, 2021. Through the legislation, the government withdrew exemptions and concessions worth Rs343 billion. … Read more
KARACHI: The foreign exchange reserves of the country fell $118 million to $23.901 billion by the week ended January 7, 2022, the central bank reported on Thursday. The foreign exchange reserves of the country were $24.019 billion by the week ended December 31, 2021. The official foreign exchange reserves of the State Bank of Pakistan … Read more
KARACHI: The rupee ended flat against the dollar on Monday, amid high demand for the foreign currency for external payments, dealers said. The rupee ended at Rs176.68 against the dollar from last Friday’s closing of Rs176.67 in the interbank foreign exchange market. The dealers said the dollar demand remained high during the day, as the … Read more
KARACHI: The Pakistan’s equity market gained 1.68 per cent during the week ended January 7, 2022, amid rising global commodity prices and likely release of the International Monetary Fund (IMF) tranche, dealers said. The market outlook is guided by expected improvement on the external front through available financing from multilateral sources with the International Monetary … Read more
KARACHI: Pakistan’s foreign exchange reserves dropped $255 million to reach $24.019 billion during the week ended December 31, 2021, the State Bank of Pakistan (SBP) reported on Thursday. The foreign exchange reserves of the country were recorded at $24.274 billion a week ago. The official foreign exchange reserves of the central bank fell $170 million … Read more
KARACHI: The rupee inched up by one paisa against the dollar on Wednesday, owing to ease in the demand for the foreign currency for import payments, dealers said. The interbank foreign exchange market ended at Rs176.74 against the greenback from the previous day’s closing of Rs176.75. The dealers said the dollar demand eased on Wednesday, … Read more
KARACHI: The rupee fell 24 paisas against the dollar on Tuesday, as the market opened after three days due to weekly and bank holidays, dealers said. The rupee ended at Rs176.75 against the greenback from the closing of Rs176.51 on December 31, 2021 in the interbank foreign exchange market. The dealers said the dollar demand … Read more
COLOMBO: Sri Lanka’s food prices rose by a record 22.1 per cent in December, official figures showed on Saturday, as the country struggles to finance urgent imports to tackle an acute shortage of essentials. The census and statistics department said food inflation hit an all-time high last month on a year-on-year basis since the Colombo Consumer … Read more
