KARACHI: Taking more than a normal course of time of two weeks, the International Monetary Fund (IMF) programme with Pakistan is slated to resume after the Executive Board meets on February 2, 2022, as the implementation of prior actions, related to fiscal and institutional reforms, are now complete after parliamentary approval of the State Bank … Read more
KARACHI: The volatile exchange rate is expected to continue next week, owing to higher dollar demand for import and corporate payments by the year-end. The rupee ended the week with an all-time low of Rs178.04 on December 17, 2021. The local currency lost 33 paisas, or 0.2 per cent, during the week, despite harsh measures … Read more
KARACHI: The rupee made a recovery of 24 paisas against the dollar on improved sentiments regarding foreign inflows and falling international oil prices, dealers said on Wednesday. The exchange rate ended at Rs175.48 against the dollar from the previous day’s closing of Rs175.72 in the interbank foreign exchange market. The local currency recovered against the … Read more
RIYADH: Foreign inflows in the Saudi capital market since 2019 have reached nearly SR135 billion ($35.98 billion), despite the kingdom being at an early stage in dealing with external investors, Arab News quoted Capital Market Authority chairman Mohammed ElKuwaiz, as saying. Opening the market for foreign investment supports diversification of funding sources for listed companies, ElKuwaiz said, … Read more
