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...
ISLAMABAD: A special customs court hearing the currency smuggling case against Ayyan Ali Monday sent the supermodel on a judicial remand for the twelfth time since her arrest on March 14...
The headline figures mask a growing split among major economies, in part due to the varying impacts of currency fluctuations and lower oil prices...
The currency moves have exposed some emerging economies as well...
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...
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...
South Korea and China have renewed a $56 billion currency swap deal, Seoul said on Friday, despite tensions over the controversial deployment of a US anti-missile system in the South...
The deal, seen as a financial safety net to help stabilise the South Korean won, accounts for around half of the South's entire currency swap deals...
After the close, the central bank issued a statement saying it was committed to providing all the currency requirements of investors, including local and foreign individuals and institutions, at the official exchange rates...
On July 5, the State Bank of Pakistan (SBP) let the overvalued rupee find its real market worth...
A stronger indication could have been the conversion of rupee bank accounts into foreign currency accounts...
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...
ASTANA: Kazakhstan will not accept a single currency in a trade bloc championed by Moscow, a top official said on Wednesday, rejecting a proposal from Russian President Vladimir Putin...
The Russian leader has called for a common currency to be created in the Eurasian Economic Union (EEU), a four-country trade grouping consisting of Armenia, Belarus, Kazakhstan and Russia...
Beijing tightly controls the yuan’s movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a long-term strategic goal to reduce dependence on the dollar and to raise its global economic clout...
The yuan’s inclusion as the first emerging market currency in the basket would mark another stage in China’s rise as a global economic player...
HYDERABAD: Cantonment police have arrested a man for allegedly carrying fake Indian currency of Rs100,000, two Kalashnikovs and live bullets near Defence phase-II on Thursday...
He was found in possession of Rs100,000 fake Indian currency which he was carrying in a bag, along with two loaded Kalashnikovs with two magazines...
WASHINGTON: Christine Lagarde’s people say China’s currency is no longer undervalued...
There’s a lot at stake in the debate: The yuan can’t gain status as a global currency reserve if China is thought to be manipulating its value...
KARACHI: The State Bank of Pakistan (SBP) has for all practical purposes set the US dollar rate at Rs103...
20 for the open market and assured currency dealers unlimited supply of the greenback at Rs103 from the National Exchange Company and Habib Exchange Company...
HONG KONG: China’s yuan climbed to become the fifth most used global payment currency in March, with a market share of 2...