TOKYO – A member of Japan’s Self-Defense Force (SDF) unit that was dispatched to provide aid to disaster-struck Tonga has tested positive for COVID-19, Japan’s public broadcaster NHK said Tuesday. According to Japan’s Defense Ministry, a member of the Air Self-Defense Force (ASDF) tested positive for the virus after spiking a fever on Monday and … Read more
Pakistan is successfully implementing all the conditions imposed by the International Monetary Fund (IMF) to get the stalled $6 billion funding programme. The South Asian country is facing financial challenges but, at the same time, the economic situation seems fragile, pointing towards the severity of immediate measures to control mushrooming inflation. Indeed, all the successive … Read more
KARACHI: The dollar recorded another high of 177.89 against the rupee at the closing of the interbank foreign exchange market on Monday, dealers said. The exchange rate witnessed an 18 paisas decline in the rupee value to end at Rs177.89 against the dollar from the last trading day’s closing of Rs177.71, the previous record low … Read more
KARACHI: The monetary policy announcement scheduled for next week may end the volatility in the rupee value. The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy statement on December 14, 2021. The Monetary Policy Committee will take all the current economic indicators into consideration, while making the decision. One of the … Read more
KARACHI: No letup was witnessed in the rupee free-fall, as the dollar jumped to new record high of Rs177.61 on Thursday in the interbank foreign exchange market, dealers said. They said the rupee deteriorated due to the expected large deficit of the current account and rising dollar demand for import payments. The exchange rate witnessed … Read more
KARACHI: The dollar jumped to the new historic high of Rs176.79 on Tuesday, as Saudi fund deposits failed to leave any positive impact despite expectations. The exchange rate witnessed a decline of 31 paisas to end at Rs176.79 against the dollar from the previous day’s closing of Rs176.48 in the interbank foreign exchange market. Previously, … Read more
KARACHI: The rupee recovered 29 paisas against the dollar on Monday after a deposit of $3 billion to the State Bank of Pakistan (SBP) by Saudi Development Fund (SDF), dealers said. The exchange rate ended at Rs176.48 against the dollar from last Friday’s closing of Rs176.77, which was a historic low of the local unit, … Read more
KARACHI: Large import bill and a significant decline in the foreign exchange reserves may further destabilise the rupee next week, dealers said. The higher import bill and a decline in the forex reserves have deteriorated the value of the local unit to the historic low of Rs176.77 against the dollar on December 3, 2021. The … Read more
KARACHI: The dollar recorded a new high of Rs176.77 against the Pakistani rupee at the interbank foreign exchange market on Friday. The dollar made fresh high as against the last day closing of Rs176.42, which was the previous record high of the greenback. The dealers said that the rupee deteriorated further because of escalation in … Read more
