Pakistan News

    East Timor Currency Rate In Pakistan

  • East Timor to become world’s first plastic-neutral nation

    KUALA LUMPUR: In a region where seas are awash with trash, East Timor is set to become the world’s first country to recycle all its plastic waste after it teamed up with Australian researchers on Friday to build a revolutionary recycling plant...

    Impoverished East Timor, with a population of just 1...

  • 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...

  • Pakistan currency limit for travellers raised to Rs10,000

    KARACHI: People travelling to or from Pakistan can now carry Rs10,000 in cash after the State Bank of Pakistan (SBP) raised the limit on Tuesday by more than three times...

    A passenger can carry up to $10,000 or equivalent notes of another currency while going abroad, according to SBP’s foreign exchange rules...

  • Malik warns against plot to create East Pakistan-like situation

    ISLAMABAD: Warning that conspiracies were being hatched to create an East Pakistan-like situation, the newly elected chairman of the Senate’s standing committee on interior, Rehman Malik, said on Thursday that India, Afghanistan and some international powers were behind attempts to destabilise the country...

    Presiding over the maiden meeting of the committee, Mr Malik who served as interior minister during the last PPP government,...

  • HISTORY: THE LAST DAYS OF EAST PAKISTAN

    After the 1970 elections, President Gen Yahya Khan announced Shaikh Mujibur Rehman to be the next prime minister of Pakistan...

    Throughout East Pakistan, Bengalis refrained from attending their government offices...

  • Currency dealers quash panic rumours

    KARACHI: Though dollar gained a little against the local currency on Tuesday, inching towards Rs102...

    85 amid reports of its shortage in some parts of the country, currency dealers said there was no panic in the market...

  • Pricing oil in yuan may be next move in China’s currency ambitions

    However, on one front, there is a conspicuous lack of discussion — the internationalisation of the Chinese currency...

    That would seem odd considering the great efforts made by China to turn the yuan into a reserve currency by becoming the fifth currency in the basket that formed the International Monetary Fund’s (IMF) Special Drawing Right...

  • Market seesaws amid currency drama

    Depositors continue to suffer as banks maintain low deposit rates in an extended stable monetary policy regime while rising inflation continues to erode the net deposit rate further...

    4pc this August and you will find out that the deposit rate has already turned negative...

  • SBP surprises currency dealers with 1pc margin

    KARACHI: The State Bank has allowed exchange companies to charge up to one per cent as spread between buying and selling, surprising even currency dealers who were doing business with half a per cent spread...

    However, Exchange Companies Association of Pakistan’s (ECAP) Secretary Zaffar Paracha said the SBP had taken the decision on the demand of exchange companies...

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