Market Rates
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State Bank’s Forex Reserves Hit a 2.5-Year High
On Thursday, the central bank declared that its foreign exchange reserves had risen to their highest levels in more than…
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Hike in Saudi Aramco CP to Hit Local Market
The substantial rise in the Saudi Aramco Contract Price (CP) would lead to an increase in local market prices for…
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Pakistani Rupee Becomes 3rd Best Asian Currency
After the currency touched almost eight months high at Rs158.91 against the US dollar in the interbank market on Monday,…
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No Changes in Pakistan’s Developing Market Index: MSCI
A leading provider of research-based indexes and analytics, Morgan Stanley Capital International (MSCI), has announced the results of its Nov…
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Rupee Expected to Continue Its Upward Momentum
Due to the lack of import payments and persistent healthy dollar inflows, the rupee is expected to continue its upward…
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Dollar Drops below Rs 160
Rupee in Karachi On Tuesday, PKR showed mixed conduct at the market close. In the interbank market, it went up…
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Textile exports Finally Rise 14.4% YoY in July after Months of Economic Inactivity
Pakistan’s exports particularly in the textile sector have finally started to improve after the gradual ease of lockdown in different…
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Decline in Remittances Will Affect Businesses & Households in Pakistan: IMF
The decline in remittances for economies such as Pakistan where remittance inflows represent more than 5% of GDP will imply…
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PM Imran Is Setting up A Fuel Crisis Inquiry Committee
Prime Minister Imran Khan has set up a committee of inquiry to investigate the recent petrol crisis with instructions for…
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SBP: Pakistan’s Inflation Rate was the Highest in the World in 2020
The State Bank of Pakistan (SBP) has disapproved reports suggesting that Pakistan’s inflation rate was the highest in the world…
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