KARACHI: The total liquid foreign exchange reserves of Pakistan reached at US$ 15.77 billion in the week ended on May 27. According to a statement issued by SBP on Thursday, foreign reserves held by the State Bank of Pakistan amounted to US$ 9,722.9 million. Meanwhile, net foreign reserves held by commercial banks stood at US$ […]
forex
Pak forex figure dwindling
Total liquid foreign reserves of the country stand at dollars 16.5b, says State Bank of Pakistan. SBP’s weekly statement issued here on Thursday said that on April 30, the foreign reserves held by State Bank amounted $10,499.0m. The net foreign reserves holding with commercial banks were $6,054.2m. During the week ending on April 30, SBP […]
Bitcoin tumbles over 10%
El Salvador’s decision to become the first country in the world to declare Bitcoin legal tender isn’t improving Bitcoin’s value. Bitcoin was down over 10% in early trade on Wednesday, marking the most significant drop since Monday evening. According to CoinDesk, the price of Bitcoin has dropped from above $52,000 to less than $46,432. It […]
Sri Lanka eyes tougher import controls to halt forex crisis
Sri Lanka’s central bank on Monday called for further import restrictions to address a crippling foreign exchange crisis, following a string of loans from Asian neighbours including impoverished Bangladesh. The island nation’s foreign exchange reserves were badly hit last year as the Covid-19 pandemic hit and the local currency came under intense pressure and […]
Bank of England keeps low rate, sees ‘temporary’ inflation spike
The Bank of England on Thursday froze interest rates at a record-low but forecast a “temporary” inflation spike as the economy reopens, echoing warnings from the European Central Bank and the US Federal Reserve. The world’s major central banks are grappling with fears of an inflationary spike, fuelled by commodity price gains, and worries over […]
Bitcoin drops under $30,000 for first time in five months
Bitcoin fell underneath $30,000 on Tuesday for the first time in five months, hit by concerns over China’s ongoing crackdown on the world’s most popular cryptocurrency. At about 1230 GMT, bitcoin sank as low as $29,334, a level last seen in January, with analysts citing Chinese efforts to curb trading and mining operations. The unit […]
Rupee falls against dollar
The exchange rate of Pakistan rupee weakened by 24 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs154.77 as compared to the previous day’s closing of Rs 154.53. According to the Forex Association of Pakistan, the buying and selling rates of dollars in the open market were recorded at […]
Dollar to PKR and other currency rates in Pakistan Nov 22, 2020
The buying rate of the US Dollar remained at Rs160.5 and its selling rate remained unchanged at Rs161.3 in Pakistan’s currency market on Sunday, November 22 as the currency market remained closed today. Meanwhile, the following were the rates of the US Dollar, Saudi Riyal, UK Pound, the UAE’s Dirham, and other foreign currencies in […]
Open market Forex Rates- March 15
KARACHI: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Thursday, March 15, 2019.