Pakistan News

    1 Dollar Into Pakistan Rs Rate

  • Dollar rate inching up again

    KARACHI: The dollar rate is increasing in the open market despite two back-to-back meetings that the State Bank of Pakistan (SBP) recently held with currency dealers...

    The exchange rate reached Rs107...

  • Rising oil prices may push up dollar rate

    KARACHI: The ongoing Yemen crisis may cause dollar’s appreciation against the rupee as strengthening oil prices, which have already touched five-month high, may push up demand for the greenback by the private sector to foot the rising oil import bill...

    Experts said that the changing situation in the Gulf may increase pressure on the dollar...

  • SBP perturbed over sharp rise in dollar rate

    KARACHI: The State Bank has expressed deep concern over the fast appreciation of dollar and asked the currency dealers to explain why the US currency crossed Rs104 in the open market, said dealers who attended a meeting of foreign exchange associations with the SBP officials on Friday...

    The central bank was found extremely perturbed over the recent rise in the dollar rate despite the fact it had been providing additional support to...

  • Dollar rate in line with fundamentals: SBP

    KARACHI: The State Bank of Pakistan called a meeting of exchange companies after US dollar value climbed to Rs107 in the open market on Tuesday and assured steady supply of the greenback at a fixed rate...

    “The State Bank has assured the exchange companies of providing the dollar at Rs105...

  • Dollar rate rising in open market

    KARACHI: Despite the government pressure to contain the dollar rise against the rupee, the greenback was trading at Rs107...

    70 per dollar, which may push the inter-bank to get rid of the forced price of Rs105...

  • State Bank, finance ministry want dollar rate cut by Rs2

    KARACHI: The Ministry of Finance and the State Bank of Pakistan (SBP) want to see a cut of Rs2 per dollar in the open market, and have warned the exchange companies to comply or face the consequences...

    Sources privy to the meeting told Dawn that the minister and the central bank showed concern over rising value of the dollar, which traded as high as Rs108 on Thursday in the open market...

  • Senate committee rejects Finance Bill, asks SBP to freeze dollar at Rs150 and interest rate at 12pc

    Senator Ayesha Raza Farooq of the PML-N supported the idea, saying the country always had deficit budgets but the people should not be burdened for the past one-year’s mistakes of Pakistan Tehreek-i-Insaf...

    SBP interventionThe committee unanimously recommended that the State Bank of Pakistan should intervene, where necessary, to bring down the exchange rate and freeze it at Rs150 against the dollar...

  • PLL seeks LNG cargoes in fixed dollar rate

    ISLAMABAD: With relaxed procurement rules, Pakistan has sought eight import cargoes of Liquefied Natural Gas (LNG) at fixed dollar price and tight tendering schedule for delivery between April 30 and June 28...

    Pakistan LNG Ltd (PLL) — one of the public sector entities responsible for LNG import — on Monday invited bids for delivery of eight cargoes in May and June and set the deadline of March 30 (almost a week time)...

  • World economy on verge of tumbling into dollar recession

    A STRONG US dollar combined with slowing global growth is set to plunge the world into its first outright US dollar recession since 2009, according to an analysis of International Monetary Fund data issued last week...

    But if world growth is calculated in dollar terms, a more parlous and lopsided picture of global economic health emerges...

  • Unbeaten Dollar East storm into quarter-finals

    KARACHI: Leg-spinner Usman Qadir starred with a five-wicket haul as Dollar East stormed into the quarter-finals of the third Naya Nazimabad Ramazan Cricket Tournament with a crushing seven-wicket victory over Qasmi Gymkhana at the Lawai Cricket Stadium here on Monday night...

    Usman, the youngest son of the legendary Pakistan leggie Abdul Qadir, grabbed figures of five for 34 to restrict Qasmi Gymkhana to 161-9 in the stipulated 20...

  • Jahandad stars as Dollar East storm into AKG final

    KARACHI: Experienced first-class player Jahandad Khan struck a dazzling 95 to power Dollar East into the final of the 29th Aga Khan Gymkhana Ramazan Cricket Tournament with a 24-run win over holders Medicam here on Saturday...

    Batting first at the Aga Khan Gymkhana Ground, Dollar East posted 176-9 as Jahandad bludgeoned 95 from only 57 deliveries with the aid of seven towering sixes and five fours...

  • Saadat spins Dollar East into last eight

    KARACHI: Left arm orthodox spin bowler Saadat Munir captured three wickets in a fine spell to propel Dollar East into the last-8 round of Dr M A Shah Night Trophy after beating hosts A O Clinic by 35 runs at the Asghar Ali Shah Cricket Stadium on Tuesday night...

    Earlier put into bat, Dollar East scored 153 for the loss of six wickets in 20 overs...

  • More
Back to top