Pakistan News

    Al Razouki Exchange Rate Today Pakistan Currency

  • Currency dealers see ‘exchange rate bubble’ set to burst

    KARACHI: The exchange rate has been stable for more than 100 days now, but experts in the inter-bank market see a bubble that may burst in the next two months, experts and currency dealers said...

    Experts see no demand for the US dollars in the open market, but are of the view that primary dealers in the inter-bank market are under pressure from the State Bank to keep the exchange rate stable...

  • Currency exchange sealed, eight arrested for dollar fluctuation in Peshawar

    PESHAWAR: The Federal Investigation Agency (FIA) sealed a currency exchange for holding excessive foreign currency and for its alleged involvement in wrongful fluctuation of the dollar here on Thursday...

    At least eight employees of 'Pakistan Currency Exchange' in Peshawar's Chowk Yadgar area were arrested during the FIA raid for keeping more foreign currency at the exchange than the authorised limit...

  • Bitcoin futures rise as virtual currency hits major exchange

    The first-ever bitcoin future jumped after it began trading on Sunday as the increasingly popular virtual currency made its debut in a major United States (US) exchange...

    The futures contract, that expires in January, surged more than $3,000 to $18,010 four hours after trading launched on the Chicago Board Options Exchange (CBOE)...

  • Pakistan's exchange rate facing risks, UN body warns

    ISLAMABAD: The government’s policy of keeping the exchange rate stable by intervening in the foreign exchange market may become unsustainable if the US dollar appreciates against most major currencies in global markets, warns a new United Nations report...

    The stable exchange rate may be encouraging for some investors and traders, but the report warns that it is draining precious foreign exchange reserves...

  • What’s up with the exchange rate?

    ALMOST everywhere I go these days, there is one question that props up: is the rupee about to be devalued? This is one of the signs that an exchange rate adjustment is coming, and if you are asking yourself the same question, for whatever reason, you can be reasonably sure that just about everyone else is too...

    Feeding the growing anxiety around the exchange rate is the fate of Mr Dar, the finance minister...

  • Falling reserves stoke exchange rate fears

    KARACHI: Foreign exchange reserves have continued to deplete by a monthly average of $500 million for the past seven months, raising fears among currency dealers that the dollar could spiral out of control in the inter-bank market...

    Despite rising import bill, the exchange rate has been stable in the inter-bank market for more than a year thanks to intervention by the State Bank of Pakistan (SBP) to contain the dollar’s rise...

  • Time to review real effective exchange rate

    A COUNTRY’S export competitiveness in the international market is determined by trade-weighted crucial real effective exchange rate...

    REER may appreciate even when nominal exchange rate depreciates (rupee price of dollar increasing from 100 to 105, for example)...

  • Purchasing power parity vs market exchange rate

    IN the changing global financial architecture, the purchasing power parity of a national currency with the hegemonic yet fluctuating dollar is being used more frequently to measure its GDP and its peoples’ standard of living, particularly in case of major emerging economies...

    Experts say “the purchasing power parity (PPP) exchange rates are relatively stable over time...

  • US urges China to keep moving to market-oriented exchange rate

    BEIJING: US Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market...

    “It is also critical that China continue to move towards a more market-determined exchange rate and transparent exchange rate policy in an orderly manner and clearly communicate its actions to the market...

  • Exchange rate volatility

    THE frequency, length and severity of the exchange-rate volatility seen in recent years would have been less damaging but for some unscrupulous, politically influential market players...

    This is the gist of what central bankers and executives of commercial banks and exchange companies say privately when asked to shed some light on the issue...

  • Revisiting exchange rate policy

    CONVENTIONAL wisdom tells us that a national currency should be allowed to depreciate to an ‘effective’ market exchange rate to boost exports...

    However, a recent related report in the Financial Times on Asia says “weakening currency values against the dollar are failing to boost export performance”...

  • US will hold China ‘accountable’ on exchange rate: Lew

    WASHINGTON: US Treasury Secretary Jacob Lew said on Thursday that the United States would hold China responsible for the political and economic impact of its currency policies after last month’s yuan devaluation...

    “They have to understand, and I make this point to them quite clearly, that there’s an economic and a political reality to things like exchange rates,” Lew said in a CNBC interview that aired Thursday...

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