Dollar reaches Rs.204 in interbank
In intraday trade on Tuesday, the Pakistani rupee (PKR) continued to be beaten by the US dollar, losing 1.65 rupees.
In the interbank market, the dollar was trading at about 204 versus the.
Interbank trading recorded at Rs. 196.50
The US dollar rose against the rupee for the sixth straight session on Tuesday, breaking above the Rs196 barrier in interbank trade, an all-time high, owing to the country’s depleted foreign exchange.
FBR launches Currency Declaration
To make it easier for taxpayers and passengers flying in and out of the nation, the Federal Board of Revenue (FBR) introduced the ‘Automated Currency Declaration System’ (ACDS) on Tuesday.
According to a.
Dollar may cross Rs.200 mark, after imposing 16pc withholding tax
The sudden imposition of a withholding tax on exchange businesses, which are receiving letters from the Federal Board of Revenue worth hundreds of millions of rupees, might push the dollar price above.
Pakistan pays Rs 26 billion interest on Chinese loan
In the past fiscal year, Pakistan paid nearly Rs 26 billion in interest to China for using a $4.5 billion Chinese trade finance facility to service maturing debt, a cost borne by.
SBP injects $1.2 billion to defend declining rupee
The State Bank of Pakistan injected $1.2 billion to defend a sinking rupee, according to a new World Bank assessment, and the government’s determination to apply regulatory penalties will not alleviate the.
Pakistan rupees enjoys $4.2 billion Saudi package
On Wednesday, price of gold fell nearly Rs7,800 per tola (11.66gm) to Rs 124,200 in Pakistan, in line with global markets, while the Pakistani rupee recovered sharply to Rs 172.78 against the.
US dollar depreciates sharply in Inter Bank market
The dollar was trading at Rs 175.27 when the interbank market opened, but it quickly fell during the trading session.
The dollar fell by Rs.2.49 in the interbank market, and when the market.
Pakistan to get IMF nod to utilize $2.78b COVID-19 support fund
The International Monetary Fund (IMF) has agreed to enable Pakistan to use $2.78 billion, equivalent to Rs500 billion, to cover its budgetary side requirements, which were allocated to it to.
SBP: Biometric Verification necessary for buying $500 or more
The State Bank of Pakistan (SBP) has put another another limitation on buying dollars on the open market, requiring biometric verification for all persons purchasing $500 or more. The dollar, on the.
SBP makes steps to reduce unfavorable foreign currency outflows
The State Bank of Pakistan has implemented the following regulatory measures:
Travelers to Afghanistan will be permitted to bring just USD1,000/- per person each visit. The yearly maximum is.