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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Currency

IMF deposits $1.2bn in SBP: Ishaq Dar
Forex

IMF deposits $1.2bn in SBP: Ishaq Dar

  • During the week, Pakistan has received $4.2bn from different avenues including Saudi Arabia, UAE, and the Washington-based lender
  • SBA with IMF will now see two more reviews - in November and February
Updated 13 Jul, 2023 06:02pm
Bitcoin rises 2.3% to $23,199
Forex

Bitcoin rises 2.3% to $23,199

  • Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1
Published 21 Jan, 2023 04:15pm
PKR: yet another woeful week
Rates

PKR: yet another woeful week

KARACHI: The rupee had yet another woeful week, losing value in all five sessions for a cumulative fall of 3.7% to...
Published 19 Sep, 2022 05:45am
Bitcoin dips below $20,000
Forex

Bitcoin dips below $20,000

Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year...
Updated 27 Aug, 2022 09:38pm
Central banks will accelerate rise of China's yuan, global survey shows
Currency

Central banks will accelerate rise of China's yuan, global survey shows

  • Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
  • In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings
Published 22 Jul, 2021 01:30am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 23 to...
Published 30 Nov, 2020 02:58am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (October 1 to...
Published 30 Nov, 2020 02:58am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 28 Nov, 2020 03:04am
Dollar tumbles in Europe
Currency

Dollar tumbles in Europe

LONDON: The dollar fell on Friday, close to its lowest in three months and on track for a weekly loss against a...
Published 28 Nov, 2020 03:04am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 27 Nov, 2020 03:08am
Euro retreats in Europe
Currency

Euro retreats in Europe

LONDON: The euro retreated on Thursday after briefly hitting a near three-month high against the dollar as concerns...
Published 27 Nov, 2020 03:08am
Bitcoin plunges
Currency

Bitcoin plunges

LONDON: Bitcoin plunged on Thursday to its lowest level in 10 days, slamming the brakes on its blistering rally and...
Published 27 Nov, 2020 03:08am
Aussie, kiwi steady
Currency

Aussie, kiwi steady

SYDNEY: The Australian and New Zealand dollars paused to digest recent meaty gains on Thursday as a US holiday...
Published 27 Nov, 2020 03:08am
Gold rises in Europe
Commodities

Gold rises in Europe

LONDON: Gold gained on a softer dollar on Thursday and as a mounting number of Covid-19 cases and their economic ...
Published 27 Nov, 2020 03:08am
THE RUPEE: $ under pressure
Currency

THE RUPEE: $ under pressure

KARACHI: On Wednesday, global weakening in USD was reflected in Pakistani markets as well with PKR going below 160 ...
Published 26 Nov, 2020 02:54am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose on Wednesday as an unexpected rise in US jobless claims slammed the brakes on the previous...
Published 26 Nov, 2020 02:54am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 26 Nov, 2020 02:54am
Dollar declines in Europe
Currency

Dollar declines in Europe

• Bitcoin shy of 2017 record LONDON: The dollar traded near its lowest levels in nearly 3 months on Wednesday as...
Published 26 Nov, 2020 02:54am
Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats
Currency

Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats

Eligible non-resident Pakistanis can open their Roshan Digital Accounts in multiple currency offerings with any of the SBP’s partner banks. This fully digitized, fully repatriable account is the first of its kind in Pakistan’s banking history and has been created to meet the needs of the Pakistani diaspora.
Published 25 Nov, 2020 08:02pm
Improved risk appetite keeps dollar depressed
Forex

Improved risk appetite keeps dollar depressed

  • Bitcoin, a cryptocurrency known for extreme volatility, also traded near an all-time high, in a further sign that investors are growing more comfortable taking on riskier positions.
Published 25 Nov, 2020 05:27pm
Dollar under pressure as risk appetite stages a comeback
Currency

Dollar under pressure as risk appetite stages a comeback

  • The U.S. currency teetered near a two-month low against the Australian dollar and a two-year low against the New Zealand dollar, both considered barometers of risk sentiment due to their close ties with the global commodities trade.
Published 25 Nov, 2020 10:01am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 25 Nov, 2020 02:56am
THE RUPEE: Upward trend
Currency

THE RUPEE: Upward trend

KARACHI: On Tuesday, PKR went up by quite a margin against USD in both inter-bank and open markets thus going below...
Published 25 Nov, 2020 02:56am
Dollar falls in Europe
Currency

Dollar falls in Europe

LONDON: The Australian dollar rose to a two-and-a-half-month high and the euro gained on Tuesday as US President...
Published 25 Nov, 2020 02:56am
Dollar dips as Biden transition, vaccines boost risk appetite
Forex

Dollar dips as Biden transition, vaccines boost risk appetite

  • Trump acknowledged that the head of the General Services Administration should go ahead with a transition to a government led by President-elect Biden,
  • We had two big risk events taken off the table, one that the Trump administration was not going to allow for an orderly transition.
Published 25 Nov, 2020 02:29am
JPMorgan Chase to pay $250mn for failings in asset, wealth business
Currency

JPMorgan Chase to pay $250mn for failings in asset, wealth business

  • The Office of the Comptroller of the Currency (OCC) said it found that JPMorgan's risk management practices were "deficient and it lacked sufficient controls to avoid conflicts of interest."
  • In its consent order with the bank, the OCC did not require changes to the way the bank manages client assets.
Published 25 Nov, 2020 12:56am
Nigerian stocks fall
Stocks

Nigerian stocks fall

ABUJA: Nigerian stocks fell to a two-week low on Monday after third-quarter data showed the economy was in ...
Published 24 Nov, 2020 03:07am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 24 Nov, 2020 03:07am
Gold dips in Europe
Commodities

Gold dips in Europe

LONDON: Gold prices eased on Monday as drugmaker AstraZeneca injected fresh optimism into the race for a Covid-19...
Published 24 Nov, 2020 03:07am
Sterling rallies
Currency

Sterling rallies

LONDON: Sterling rallied on Monday as more positive news about a potential Covid-19 vaccine propelled investors to...
Published 24 Nov, 2020 03:07am
SBP's Monetary Policy Committee maintain policy rate at 7pc
Currency

SBP's Monetary Policy Committee maintain policy rate at 7pc

  • On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
  • As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.
Updated 23 Nov, 2020 04:08pm
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 21 Nov, 2020 02:44am
DSJs to check smuggling
Currency

DSJs to check smuggling

EDITORIAL: The federal cabinet's approval of delegation of legal powers to District and Sessions Judges (DSJs) in 19...
Published 21 Nov, 2020 02:44am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 20 Nov, 2020 03:04am
Of demand and austerity
Currency

Of demand and austerity

Growth in the petroleum industry has gradually moved from positive to negative over the last four years. ...
Published 19 Nov, 2020 07:25am
Gold eases in Europe
Commodities

Gold eases in Europe

LONDON: Gold stuck to a narrow range on Wednesday as optimism over Pfizer’s successful vaccine trials countered...
Published 19 Nov, 2020 02:55am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 19 Nov, 2020 02:55am
Erdogan whip-saws lira ahead of key central bank decision
Currency

Erdogan whip-saws lira ahead of key central bank decision

  • We have to be much more careful on this point and not allow our investors to be crushed by high interest rates.
  • Our aim is to reach single-digit inflation right away by maintaining fiscal discipline (and) implementing structural and micro reforms" focused on growth and employment.
Published 18 Nov, 2020 07:48pm
Dollar under pressure as vaccine hopes get tested
Forex

Dollar under pressure as vaccine hopes get tested

  • Pfizer COVID-19 vaccine trial shows 95% effective.
  • Dollar edges down to November 9 lows.
  • Bitcoin surges above $18,000.
  • Euro ticks up, investor ignore EU recovery fund hurdles.
  • Yen recoups over half of vaccine-driven losses.
Published 18 Nov, 2020 07:46pm
BoE's Haldane sees ‘materially brighter’ outlook for 2021
Currency

BoE's Haldane sees ‘materially brighter’ outlook for 2021

  • Britain's economy shrank by almost 20% in the second quarter of 2020 - more than any of its peers - and at the end of September it was still 8.4% smaller than it was a year earlier.
  • The three R's - recovery, rebalancing, revitalisation - are more important than ever.
Published 18 Nov, 2020 06:20pm
Atlas Battery Limited
Mutual Funds

Atlas Battery Limited

Atlas Battery Limited (PSX: ATBA) was established in 1966 as a public limited company. It manufactures and sells...
Published 18 Nov, 2020 07:45am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 18 Nov, 2020 02:48am
THE RUPEE: Moves both ways
Currency

THE RUPEE: Moves both ways

KARACHI: On Tuesday, PKR exhibited mixed behaviour. It lost value against USD in interbank market while gaining...
Published 18 Nov, 2020 02:48am
Euro climbs in Europe
Currency

Euro climbs in Europe

LONDON: The euro rose against the dollar on Tuesday, helped by optimism over another coronavirus vaccine, while the...
Published 18 Nov, 2020 02:48am
Sterling edges higher as traders focus on drawn-out Brexit talks
Forex

Sterling edges higher as traders focus on drawn-out Brexit talks

  • Britain's chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal "early next week".
  • Brexit still threatens to be a highly disruptive event to trade, supply chains and the workings of the UK's financial services sector.
Published 17 Nov, 2020 05:34pm
Brazil central bank to roll over $11.8bn FX swaps
Currency

Brazil central bank to roll over $11.8bn FX swaps

  • The central bank said it "may recalibrate the amount offered, according to market conditions."
  • The central bank has sold billions of dollars in the spot market and via FX swaps this year to help support the local currency.
Published 17 Nov, 2020 05:21pm
Racking up Debt for ML-1
Libor

Racking up Debt for ML-1

Main Line 1 (ML-1) is the most important railway line operated by Pakistan Railways, stretching from Karachi to...
Published 17 Nov, 2020 01:55pm
Currency games!
Currency

Currency games!

The PKR/USD breached 158 level yesterday. Most treasuries were of the view that PKR/USD could cross 170, when it was...
Published 17 Nov, 2020 07:55am
Punjab Oil Mills Limited
Currency

Punjab Oil Mills Limited

Punjab Oil Mills Limited (PSX: POML) was established in 1981 as a public limited company.The company manufactures ...
Published 17 Nov, 2020 07:25am
THE RUPEE: No change
Currency

THE RUPEE: No change

KARACHI: On Monday, PKR remained unchanged against USD in interbank markets on market close while losing value...
Published 17 Nov, 2020 02:55am
Gold slips in Europe
Commodities

Gold slips in Europe

LONDON: Gold pared losses from a more than 1% dip on Monday as investors weighed immediate concerns over rising...
Published 17 Nov, 2020 02:55am
Turkish lira weakens
Currency

Turkish lira weakens

ISTANBUL: Turkey's lira weakened around 1% on Monday, as investors eyed the central bank's rate decision this week...
Published 17 Nov, 2020 02:55am
Euro rises in Europe
Currency

Euro rises in Europe

LONDON: The euro inched higher on Monday, as investors began the week in a relatively upbeat mood after strong...
Updated 17 Nov, 2020 03:21am
Equity borrowing
Currency

Equity borrowing

EDITORIAL: Special Secretary Ministry of Finance Kamran Ali Afzal informed a select group of journalists that the...
Published 16 Nov, 2020 02:46am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 9 to...
Published 16 Nov, 2020 02:46am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 14 Nov, 2020 02:52am
Sterling rises
Currency

Sterling rises

LONDON: Sterling ticked up on Friday against the dollar and euro after news that British Prime Minister Boris...
Updated 14 Nov, 2020 03:19am
Lira notches weekly gains
Currency

Lira notches weekly gains

ISTANBUL: Turkey's lira firmed on Friday to its strongest level in seven weeks, notching a weekly gain of some 12%,...
Updated 14 Nov, 2020 03:19am
Aussie, kiwi dip
Currency

Aussie, kiwi dip

SYDNEY/WELLINGTON: The Australian dollar slipped to a more than one-week low on Friday, while its New Zealand peer...
Published 14 Nov, 2020 02:52am
Dollar slips in Europe
Currency

Dollar slips in Europe

LONDON: The dollar slipped on Friday, as investors' enthusiasm about a possible Covid-19 vaccine was tempered by the...
Published 14 Nov, 2020 02:52am
Nigeria naira eases on black market as FX demand pressure resurfaces
Forex

Nigeria naira eases on black market as FX demand pressure resurfaces

  • Traders had expected the currency to trade flat on the black market on the hopes that higher oil prices will boost Nigeria's foreign exchange supplies.
  • Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections.
Published 13 Nov, 2020 07:52pm
Asian stocks fall as virus spread accelerates
Currency

Asian stocks fall as virus spread accelerates

  • The United States has reported fresh daily records for new COVID-19 case hospitalisations this week, prompting cities and states, including Chicago, Detroit and California, to re-impose public health restrictions.
Published 13 Nov, 2020 10:11am
Remittances’ new normal?
Currency

Remittances’ new normal?

The remittance growth remained unabated in October. In Jul-Oct, the flow is up by 26 percent to reach $9.4 billion....
Updated 13 Nov, 2020 10:43am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 13 Nov, 2020 02:57am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose 1% on Thursday on concern over the logistics of a potential Covid-19 vaccine roll-out as cases...
Published 13 Nov, 2020 02:57am
Gold moves up in Europe
Commodities

Gold moves up in Europe

LONDON: Gold rose 1% on Thursday on market skepticism over the logistics of a potential Covid-19 vaccine roll-out as...
Published 13 Nov, 2020 02:57am
Rouble firms below 77 vs dollar as market awaits vaccine
Forex

Rouble firms below 77 vs dollar as market awaits vaccine

  • The rouble has had a volatile few weeks, plunging to its lowest level versus the euro since late 2014 on the eve of the US election.
  • Rouble was 0.3% stronger against the dollar at 76.91 and had lost 0.1% versus the euro, trading at 90.87.
Published 12 Nov, 2020 05:46pm
Economic cost of cash drag
Currency

Economic cost of cash drag

Unintended consequences of policy actions have pushed up the share of currency notes in GDP, which hovers around ...
Published 12 Nov, 2020 02:00pm