Pakistan News

    Pakistan Currency Rate Saudi Riyal In Indian

  • Banks to remit Saudi riyal for Haj

    KARACHI: The State Bank of Pakistan (SBP) on Tuesday allowed banks to remit foreign exchange (Saudi riyal) on behalf of the Haj group organisers (HGO) having allocated quota by the Ministry of Religious Affairs and Interfaith Harmony (MORA) for this year...

    The banks, on being approached, will open a new rupee account in the name of enlisted HGO specifically for the purpose of Haj related remittances to Saudi Arabia...

  • Saudi riyal forwards crash through key 1,000 level to hit record low

    DUBAI: The Saudi Arabian riyal hit a record low in the forwards market on Tuesday, breaching the key 1000-point mark as a fresh slip in oil prices raised fears that the kingdom will eventually scrap or loosen its currency peg to the US dollar...

    One-year dollar/riyal forwards — contracts used by counterparties to lock in a future exchange rate — climbed as high as 1020 points in very volatile 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...

  • Pakistan’s Covid-19 mortality rate much higher than global rate

    • Task Force member says citizens visit hospitals after developing complications • Poor health, diagnostic facilities another reason for high number of deathsISLAMABAD: Though health experts have been claiming that Covid-19 has proved less lethal among Asians, global data shows that Pakistan’s mortality rate is far higher than many regions...

    A document of the National Command and Operation Centre (NCOC), available with Dawn, said...

  • ‘Saudi currency to remain stable’

    RIYADH: Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with low oil prices...

    The Saudi riyal will remain pegged at 3...

  • Fake Indian currency seized

    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...

  • 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...

  • Saudi minister 'not satisfied' with female employment rate

    RIYADH: Saudi Arabia's labour minister is dissatisfied with the level of female employment in the conservative kingdom but their not being allowed to drive is not to blame, he said Tuesday...

    Female Saudi unemployment rose last year to almost 34 per cent while the overall jobless rate for Saudis fell to 11...

  • Indian rupee hits record low on Fed rate hike worries

    The Indian rupee plunged to a record low against the dollar on Monday, ahead of an expected United States interest rate hike this week aimed at fighting surging inflation...

    The Indian currency has been weighed down by rising oil prices, a more aggressive Fed and by capital outflows in emerging markets as foreign investors turn risk-averse...

  • 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...

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