Tag Archives: Exchange

The manufacturing sector in Pakistan suffers from some contentious issues. It was expected that the incumbent government would be able to address some of the contentious issue. However, many of the U-turns have added to the concerns rather than providing …

The total liquid foreign exchange reserves of Pakistan increased to US$16,798 million on 14th June 2018. The positive surprise was that the reserves held by State Bank of Pakistan (SBP) increased by US$198 million to US$10,264 million, due to official …

It was only in January that the International Monetary Fund (IMF) was celebrating the strength of the global economy, heralding “the broadest synchronised global growth upsurge since 2010”. How quickly things have changed. Argentina has since sought a bailout from the IMF, Turkey is …

World has turned into a global village as people are more frequently connected with each other for their various needs. Whether its higher education, treatment of patient or payment of immigration fee; Money has always changed hands, and while it …

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 …

In a fresh move against money laundering in the country, the State Bank of Pakistan (SBP) has directed money-exchange companies to keep a record of any transaction worth $500 or more. As per the new instructions, exchange companies are required …

WORKERS’ REMITTANCES (Million US Dollars) Item Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 I. Cash Flow 1,654.45 1,576.72 1,723.57 1,638.72 1,450.17 1,772.77 1,650.59 1 USA 215.64 204.28 234.76 223.94 207.27 236.17 240.39 2 U.K. 270.46 213.47 223.30 235.10 201.01 244.20 …

The Karachi Stock Exchange (KSE) was founded on 18th September 1947 as country’s first stock exchange. Initially only five companies were registered in the exchange. The Lahore Stock Exchange (LSE) came into existence in October 1970 while the Islamabad Stock …

After trading in the tight range of 104-105 per dollar since December 2015, the Rupee plunged to as low as 110 per dollar to settle around 108.40-50 per dollar. Economists and businesses have been urging the government to devalue the …

PAKISTAN: EXCHANGE RATES IN 2017 (Months End) Details Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DOLLAR Buying 107.6 107.3 106.45 106 106.2 106.15 107.2 107.55 106.6 107.25 107.6 Selling 107.9 107.6 106.75 106.3 106.5 106.45 107.5 …