currency – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Thu, 15 Nov 2018 07:44:45 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 H&H Exchange Co (Pvt.) Ltd http://www.pakistaneconomist.com/2018/06/04/hh-exchange-co-pvt-ltd/ http://www.pakistaneconomist.com/2018/06/04/hh-exchange-co-pvt-ltd/#respond Sun, 03 Jun 2018 21:50:54 +0000 http://www.pakistaneconomist.com/?p=17051 Analysts reveal that the Pakistan rupee could face additional pressure in the upcoming weeks, in the midst of the country’s chronic foreign currency shortage and speculation of a third currency devaluation. The currency, which has been exposed to growing external financing requirements and lower remittances, reached Rs 119.05 to the dollar last week, ending at …

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Currency in circulation posts 4.4pc increase in 8 months http://www.pakistaneconomist.com/2018/06/04/currency-in-circulation-posts-4-4pc-increase-in-8-months/ http://www.pakistaneconomist.com/2018/06/04/currency-in-circulation-posts-4-4pc-increase-in-8-months/#respond Sun, 03 Jun 2018 20:45:58 +0000 http://www.pakistaneconomist.com/?p=17028 The State Bank of Pakistan (SBP) rightly making efforts to control the circulation of money (demand & supply) in the market by different monetary decisions and mechanisms in Pakistan as if the monetary policy decisions are effective then it can influence the economic growth and development of country. Recently the SBP has raised the interest …

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Fall of Pakistani currency: An overview http://www.pakistaneconomist.com/2017/12/18/fall-pakistani-currency-overview/ http://www.pakistaneconomist.com/2017/12/18/fall-pakistani-currency-overview/#respond Sun, 17 Dec 2017 21:40:18 +0000 http://www.pakistaneconomist.com/?p=12646 In the inter-bank market, rupee was available in terms of dollar for buying and selling at Rs 106.75 and Rs 107.25, dealers said. The national currency shed 20 paisas against the dollar for buying Rs 107.50 and it also lost 50 paisas for selling Rs 108.00. In the Open Market Pak Rupee depicted high and …

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Indian currency market to remain stable in the near future http://www.pakistaneconomist.com/2017/12/18/indian-currency-market-remain-stable-near-future/ http://www.pakistaneconomist.com/2017/12/18/indian-currency-market-remain-stable-near-future/#respond Sun, 17 Dec 2017 21:25:31 +0000 http://www.pakistaneconomist.com/?p=12650 Last week, Trump’s comments and North Korea’s threat to launch a missile attack on Guam increased geopolitical risk and led to a rise in the value of safe haven assets. The Japanese yen rose to 109. The euro fell from 1.19 to 1.17. Despite the OPEC meeting in Abu Dhabi, the Canadian dollar has been …

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Short term depreciation of currency will bring better value share of rice in global market arena http://www.pakistaneconomist.com/2017/12/18/short-term-depreciation-currency-will-bring-better-value-share-rice-global-market-arena/ http://www.pakistaneconomist.com/2017/12/18/short-term-depreciation-currency-will-bring-better-value-share-rice-global-market-arena/#respond Sun, 17 Dec 2017 21:05:59 +0000 http://www.pakistaneconomist.com/?p=12684 Interview with Mr Hamid Hussain Qureshi – Chief Executive, Macca Food International PAGE: What kind of impact could rupee devaluation have on rice exporters? Hamid Hussain Qureshi: Pakistani Rice Exporters will be having short term gains of profits making on rice export because of current Pakistani rupee devaluation. Those rice exporters who have sufficient rice stocks …

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Bitcoin isn’t a currency – and unless it becomes one it could be worthless http://www.pakistaneconomist.com/2017/12/11/bitcoin-isnt-a-currency-and-unless-it-becomes-one-it-could-be-worthless/ http://www.pakistaneconomist.com/2017/12/11/bitcoin-isnt-a-currency-and-unless-it-becomes-one-it-could-be-worthless/#respond Mon, 11 Dec 2017 07:06:17 +0000 http://www.pakistaneconomist.com/?p=12598 Bitcoin is in decline. Not its price, which has increased 900% this year and (at the time of writing) stands at over US$12,000 per unit, but its actual use as a currency. And this makes its rapid appreciation all the more puzzling. A few years ago, enthusiasts triumphantly shared announcements from businesses that had started …

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5 questions about central banks and digital currency http://www.pakistaneconomist.com/2017/10/09/5-questions-central-banks-digital-currency/ http://www.pakistaneconomist.com/2017/10/09/5-questions-central-banks-digital-currency/#respond Mon, 09 Oct 2017 09:13:20 +0000 http://www.pakistaneconomist.com/?p=9629 In third-century Rome, Julius Paulus Prudentissimus, chief legal advisor to Emperor Severus Alexander, described the fundamental rationale for a government-issued currency using terms that remain familiar to modern monetary economists. It was, he wrote, a unit of account for the pricing of goods and services, a method of storing value, and a medium of exchange …

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