Pakistan News

    Open Market Dollar Exchange Rate In Pakistan

  • Exchange rate stability in open market

    IT comes as a surprise when the US dollar falls sharply in the open market at a time when the external sector is under pressure; and on May 5, financial markets expressed a similar sentiment when the dollar plunged to Rs117...

    30 in the open market after scaling a new height of Rs119...

  • Dollar rate rising in open market

    KARACHI: Despite the government pressure to contain the dollar rise against the rupee, the greenback was trading at Rs107...

    70 in the open market, many currency dealers confirmed on Saturday...

  • 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...

    “As the global economy faces many challenges, our open and frank communications are more important than ever, and we must continue to work together for the benefit of both of our nations,” Lew said...

  • Dollar rising in open market

    KARACHI: The Exchange Companies Associa­tion of Pakistan (ECAP) reported the dollar rate in the open market on Wednesday as Rs107...

    30-60 while the interbank rate the same day was Rs105...

  • Dollar nears 104 in open market

    The rupee fell steeply against the dollar in the open market last week, while staying close to the 102-level in the interbank market...

    The gap between interbank and open market rates for the dollar continued to widen, as some dealers reported that the central bank has been buying dollars from the interbank to keep its reserves position intact...

  • Dollar surpasses Rs106 in open market after three months

    KARACHI: The US dollar crossed another barrier of Rs106 in the open market on Monday after a gap of almost three months creating doubt regarding the stability of exchange rates achieved after the massive fluctuations around six months ago...

    The dollar gained about Re1 against the local currency within a couple of weeks, reflecting fast appreciation of the US currency despite the fact that the exchange rate in the inter-bank market...

  • Dollar crosses Rs108 in open market

    KARACHI: The dollar crushed the local currency on Monday as its price crossed Rs108 in the open market, shifting up to 70 per cent of the remittances business to the hawala system that offered Rs109 per dollar, currency dealers said...

    “The dollar touched as high as Rs108...

  • Dollar shortage persists in open market

    KARACHI: The open market is facing a severe shortage of the dollar while currency dealers’ associations shy away from releasing the actual exchange rate, which is suspected to be above Rs108...

    Despite several meetings between the finance ministry, central bank and currency dealers, dynamics of the exchange rate in the open market registered little change...

  • SBP move likely to cause dollar shortage in open market

    KARACHI: The State Bank of Pakistan (SBP) has decided to cut the import requirement of cash dollars to 35 per cent against the export of foreign currencies, creating fears about a shortage of the greenback in the open market...

    The central bank issued a circular on Monday that asked exchange companies to bring only 35pc cash dollars as opposed to 100pc against the export of foreign currencies to Dubai...

  • Dollar soars to Rs117 in open market

    KARACHI: While the interbank exchange rate remained stable, the open market witnessed a sharp increase in the US dollar rate to close at Rs117 on Wednesday...

    The dollar hit the highest rate for the second time after it closed at Rs117 on March 20, the day when the local currency was depreciated by 4...

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