Pakistan News

    Fixed Assets Depreciation Rate In Pakistan

  • 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...

  • Cotton spot rate fixed at Rs6,200

    The Karachi Cotton Association (KCA) has fixed spot rate for the new crop cotton at Rs6,200 a maund (equal to 37...

    The Karachi Cotton Asso­ciation has fixed new cotton crop price at Rs6,200 a maund as against Rs6,600 being quoted for the old crop...

  • Brexit-driven pound depreciation speeds up AJK's economic break with Britain

    With few jobs and little industry, the residents of Pakistan's "Little England" overwhelmingly rely on family members based in the country for their economic livelihood...

    “The value of the pound has decreased and that creates problems for us,” says Mushtaq, an official whose brothers and uncles live in northern England, working as taxi drivers and in construction to support more than a dozen people back in Pakistan...

  • Rupee depreciation report submitted

    KARACHI: The inquiry report about the rupee’s sudden depreciation against the dollar on July 5 has been submitted to the Ministry of Finance...

    However, banking sources said the report did not hold anyone responsible for the depreciation of 3...

  • Report on rupee depreciation due next week

    KARACHI: A committee investigating the rupee’s sudden depreciation against the dollar last month is expected to submit its report next week, according to banking sources...

    The spokesman for the State Bank of Pakistan (SBP), Abid Qamar, did not state the exact date of submission...

  • Dar insists record rupee depreciation ‘artificial’

    ISLAMABAD: Finance Minister Ishaq Dar insisted on Thursday that record depreciation in the value of the rupee a day earlier was ‘artificial’, far from economic fundamentals and caused by ‘miscommunication’ between an individual and the central bank...

    The State Bank of Pakistan held its silence throughout the day, and its spokesman refused to comment...

  • Investigation ordered into rupee depreciation

    The ministry of finance announced that it had “officially asked the Governor State Bank of Pakistan (SBP) to initiate an inquiry” into the depreciation of the rupee against the US dollar exchange rate in the interbank market on July 5, 2017...

    The rupee-dollar exchange rate in the inter-bank market had deteriorated by 3...

  • Rupee depreciation reaches 3.5pc since July

    ”The latest rise in dollar’s value has stretched rupee’s depreciation to 3...

    Faisal Mamsa of Landmark Capital said, “Taking into account the actual depreciation in major currencies, we estimate that the fair value of the rupee based on productivity adjusted REER [real effective exchange rate] has shifted to 106-108 range from 102-104 earlier...

  • SBP downplays rupee’s depreciation

    KARACHI: The State Bank of Pakistan (SBP) said on Tuesday that the recent developments on the exchange rate regime do not pose any serious challenge to the economy as “this positioning is driven by international currency movements and not due to any weakness in the domestic economy”...

    “Since the start of devaluation of Chinese yuan on Aug 11, 2015, currency depreciation around the globe has accelerated, particularly in the developing...

  • Risk to growth from rupee depreciation

    Is it a mere coincidence that the rupee is ‘largely stable’ and economic growth is gradually picking up? Or is it that a rising/stable national currency is better suited at times for economic growth in emerging markets?A study — by two experts at the Bank for International Settlements (BIS) — that assessed the impact of exchange rate movements on trade, and financial channels on growth, supports the latter...

    In their study on “Does...

  • After the rupee depreciation

    The exchange rate uncertainty — which engulfed markets in July after the then finance minister, Ishaq Dar, audaciously reversed the central bank’s move to depreciate the local currency — ended on Dec 8...

    On that day, the State Bank of Pakistan (SBP) once again withdrew rupee support through a market mechanism, leading to a fall of 4...

  • Was the depreciation avoidable?

    A section of society has criticised the government for the continuing depreciation of the rupee...

    65 percentage points relative to the American dollar, the depreciation was either unavoidable or could have been averted at a great cost...

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