KARACHI: In the interbank market on Tuesday, the Pakistani rupee continued to appreciate against the US dollar, according to ARY News. State Bank of Pakistan (SBP) reports that the local currency increased by Rs1.07 versus the US dollar in interbank trading to close at 206.87. Interbank closing #ExchangeRate for todayhttps://t.co/BxztniOacU pic.twitter.com/CrkVMQu4D6 — SBP (@StateBank_Pak) June … Read more
KARACHI: The Pakistani rupee on Fridayappreciated against the dollar after declining for four straightsessions amid inflows of workers’ remittances, dealers said. The local unit gained 27 paisas to close atRs186.70 to the dollar from the previous day’s closing of Rs186.97 in theinterbank foreign exchange market. The rupee recorded decline for the previousfour straight sessions during the outgoing … Read more
The State Bank of Pakistan (SBP) on Monday said the limits of foreign currency buying by individuals have been set to discourage speculative transactions. The SBP has set a limit of $10,000/day/individual and $100,000/year/individual to check the foreign currency transactions. “It has been observed that substantial amounts of foreign currency was being purchased for speculative … Read more
ISLAMABAD: As more industries across the Middle East embrace digital transformation, a focus on collaborative development will be pivotal to extending the gains achieved to-date, according to Huawei’s top executive in the region. Steven Yi, the recently appointed president of the Huawei Middle East, spoke with journalists from around the region on the sidelines of … Read more
KARACHI: PSX continues bullish trend for the second consecutive session on Monday, as it gained 0.19 per cent, or 90 points, to close at 48,302.66 points. The Pakistan Stock Exchange (PSX) started the week with a strong footing and remained in the green zone throughout the day. The activity was mainly triggered on the upcoming … Read more
Despite of the risks for equities remain large as the dread coronavirus hits the global economy, Asian trade however clung to gains on Wednesday assisted by a bounce of Australian Shares. Reuters reported that, E-Mini futures for the S&P 500 traded 1.39% lower in Asian trade, highlighting the cautious mood. MSCI’s broadest index of Asia-Pacific … Read more
Asian stocks gained on fourth day of the business week, cheered by record closes in Wall Street benchmarks after encouraging economic data. However the Asian stocks investors on the other hand are keeping an eagle eye on the deadly coronavirus outbreak. Reuters reported that MSCI s broadest index of Asia-Pacific shares outside Japan . MIAPJ0000PUS gained … Read more
