Pakistan News

    Exchange Rate System In Pakistan Iman

  • LITERARY NOTES: Remembering Krishan Chander and Akhter-ul-Iman

    Both have recently come up with special issues, remembering two of Urdu literature’s towering figures: Krishan Chander and Akhter-ul-Iman...

    In these works, gadha, or donkey, symbolizes common man and by depicting its plight Krishan Chander satirizes the political system and social circumstances in India, though this more or less applies to Pakistan, too...

  • 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...

  • Senators show concern about exchange rate fluctuation

    The committee received an in-camera briefing by the senior management of the State Bank of Pakistan (SBP) about the recent rupee depreciation...

    The market corrected itself the next day as private citizens holding the dollar poured foreign exchange into the market, he added...

  • 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

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

    The use of the PPP is gaining ground due to the volatility of market-driven exchange rates, which may or may not accurately reflect the size of a growing economy at a particular point of time and the potential it offers for foreign investment and trade...

  • 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...

  • 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...

    Not very long ago, the eurozone did not leave the exchange rate option to individual member-countries to tackle external trade issues when national currencies were abolished without the corresponding fiscal integration within the union of independent republics...

  • Editorial: State Bank needs to be upfront about exchange rate depreciation

    “This movement in the exchange rate is based on demand and supply of foreign exchange in the interbank market,” the central bank said in a press release issued only a couple of hours later, adding, “[t]he exchange rate will continue to reflect the demand and supply conditions”...

    Also read: In talks with IMF, Pakistan agrees to depreciate rupeeIt appears that the old days of central bank intervention to maintain an overvalued exchange...

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