(Reuters) — Overseas investors were net sellers of Asian shares in 2024, owing mostly to a surge in selling in the fourth quarter on worries that US President-elect Donald Trump’s trade policies may harm Asian economies. They sold a net $15.8 billion worth of stocks in Taiwan, South Korea, India,Continue Reading
SINGAPORE (Reuters) – The dollar fell on Monday but remained near to a two-year high as traders anticipated a slew of US economic data this week, led by December’s nonfarm payrolls report, for more hints on the Federal Reserve’s interest rate stance. Prime Minister Justin Trudeau of Canada is increasinglyContinue Reading
The US Dollar (USD) rose to a two-year high on Thursday, the first day of 2025 trading, adding on last year’s robust gains on forecasts that US growth will outperform rivals and maintain US interest rates relatively high. The Federal Reserve has hinted that it will be more cautious inContinue Reading
KARACHI, — The rupee’s devaluation continues, as the dollar’s value jumped by Rs3.42 in the interbank market on Wednesday. The dollar gained Rs7.33 in the first two days of the interim administration, with an advance of Rs3.42 on Wednesday. In the interbank market, the dollar is now selling for Rs294.93.Continue Reading
The State Bank of Pakistan (SBP) has permitted exchange businesses to import cash US Dollars on a need-to-know basis, up to the value of their export consignments of legal foreign currencies, within five working days, via reputable cargo/security companies.According to the SBP circular, this arrangement will initially remain in forceContinue Reading
KARACHI, Pakistan (Web Desk) — By midday on Wednesday, the US dollar had lost another five rupees versus the local currency and was available for Rs295, resulting in a net gain of Rs10 over the previous two days. On Tuesday, the rupee gained Rs5, closing the day at Rs300 onContinue Reading
As political unrest plagues markets, the Pakistani rupee plunged to its all-time low of 300 versus the US dollar during intraday trade today after dipping below 296 at 12:10 PM. The interbank rate lost Rs. 10 during the first few hours of intraday trade today, falling to Rs. 300.25 atContinue Reading
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Continue Reading
ISLAMABAD, Pakistan – In interbank trade on Friday, the Pakistan Rupee fell by 94 paisas versus the US Dollar, finishing at Rs 186.62, down from Rs 185.68 the previous day. According to the Forex Association of Pakistan (FAP), the open market buying and selling rates for the dollar were RsContinue Reading
Pakistan’s liquid foreign reserves fell by $115 million in the week ending April 30, 2022, representing a 0.7 percent drop week on week.According to the SBP weekly report issued on Friday, the country’s total liquid foreign exchange reserves fell by $115 million (-0.7 percent) on April 30, 2022, to $16.553Continue Reading
