Rupee weakens against US dollar By: Web Desk on January 18, 2022KARACHI: On Tuesday, the US dollar gained 26 paisa against the Pakistani rupee in the interbank market. The greenback closed at Rs176.18 against the Pakistani rupee, up 26 paisa from the previous closing of Rs175.92, according to data released by the State Bank of Pakistan (SBP). The dollar had weakened by 15 paisa to Rs175.92 […]
US dollar losing ground against the Pakistani rupee By: Web Desk on January 17, 2022KARACHI: On the first trading day of the week, the US dollar fell against the Pakistani rupee in the interbank market. According to data provided by the State Bank of Pakistan (SBP), the US dollar closed at Rs175.92 versus the Pakistani rupee on Monday, down 15 paisa from the previous level of Rs176.07. Interbank closing […]
Price of tomatoes, flour, eggs, other food items goes down By: Web Desk on January 7, 2022The prices of various food items went down during the week ending on January 6 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by the Pakistan Bureau of Statistics (PBS) on Friday. According to the data, the food commodities that witnessed a decrease in prices on a Week-on-Week […]
Tarin advises tax-avoiders to pay taxes before govt reaches them By: APP on January 7, 2022The Federal Minister for Finance and Revenue, Shaukat Tarin on Friday advised the unregistered potential taxpayers to initiate paying taxes before the government reaches them within a couple of months with documentary evidence of their assets. “I assure the nation that change is taking place, we are making use of technology and will reach all […]
Senate informed that inflation will decline in 3 to 4 months By: Web Desk on January 7, 2022ISLAMABAD: Ali Muhammad Khan, the State Minister for Parliamentary Affairs, predicted on Friday that inflation will fall in the next two to three months. Ali Muhammad Khan, speaking to the Senate House, said that the country has been affected hard by inflation; the administration cannot deny this, but the issue will be brought under control […]
SBP reserves drop $169m to $17.69b By: Web Desk on January 7, 2022KARACHI: According to figures issued by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange holdings declined $169 million in the week ended December 31. According to the central bank, the SBP’s foreign currency reserves were recorded at $17,680 million on December 24, down $169 million from the previous day’s figure […]
Pakistani rupee increases in interbank market By: Web Desk on January 5, 2022KARACHI: In the interbank market on Wednesday, the Pakistani rupee closed one paisa higher at Rs176.74 against the US dollar. The Pakistani rupee ended the day at Rs176.74 versus the US dollar, according to figures released by the State Bank of Pakistan (SBP). When compared to the previous close of Rs176.75, the rupee increased by […]
Leather gloves exports witness record 11.81% increase By: Web Desk on January 5, 2022Leather Manufacturers exports during the first five months of the fiscal year of 2021-22 grew up by 11.81 percent as compared to the exports of the corresponding period of last year. During the period from July-Nov 2021, leather gloves worth $119,516 were exported as compared to exports worth $106,890 during the same period of the […]
Pakistani rupee faces losses against US dollar By: Web Desk on December 30, 2021KARACHI: On Thursday, the Pakistani rupee ended a six-day losing streak versus the US dollar in the interbank currency market. According to data provided by the State Bank of Pakistan, the local currency finished at Rs177.51 against the US dollar (SBP). When compared to the previous close of Rs178.24, the rupee gained 73 paisa. The […]
US dollar flight continues: Pakistani rupee becomes weaker By: Web Desk on December 29, 2021KARACHI: The Pakistani rupee ended the day five paisa weaker as the US dollar continued to fall in the interbank market on Wednesday. According to data provided by the State Bank of Pakistan, the local currency finished at Rs178.24 against the US dollar (SBP). The rupee recorded depreciation of five paisas compared to the previous […]