Tag: dollar
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Bartering Our Way Out of the Dollar Trap
Pakistan is currently facing significant economic challenges, including a crippled economy, depleting foreign reserves, and a balance of payment crisis. However, the recent decision to enter into barter trade agreements with Iran, Russia, and Afghanistan is a stroke of genius and showcases the best of creativity. This out-of-the-box strategy is truly remarkable. Barter trade allows…
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SBP takes steps to put an end to US Dollar Smuggling
The State Bank of Pakistan (SBP) has taken an important decision to curb the rapidly declining foreign exchange reserves and the depreciation of the rupee. According to media reports, the SBP has imposed a major ban on the remittance of dollars from Pakistan to stop the smuggling of the foreign currency to Afghanistan. According to…
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Fitch speculates Pakistani Rupee to further weaken in 2022
Fitch Ratings reviewed its previous estimates for the Pakistani rupee on Thursday for both this year and next due to the mounding factors, including an expanded progression of U.S. dollars into Pakistan’s neighbor, Afghanistan. Fitch’s figure for the rupee’s normal rate this year is currently 164 to the U.S. dollar in comparison with the 158…
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Pak Rupee increases against US Dollar in the interbank market
Lahore, 27th July: Pak rupee has increased 0.43 paisa against the US Dollar in the interbank currency market. According to details from the forex dealers, the Pak rupee inched up 0.43 paisa against the United States dollar on Tuesday. As per reports, the rupee climbed over the US dollar from the previous close of Rs…
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Never in the history of Pakistan has there been an export of 31 billion dollars: Farrukh Habib
Baaghi TV: Special Assistant Farrukh Habib has said this is the first time in the history of Pakistan that we have crossed 31 billion dollar exports. Corona has affected the entire world economy. the opposition has been pressuring us for a complete lockdown. Prime Minister has not imposed a complete lockdown despite all the…
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Kerb Currency Market
Here are the rates at the currency market.
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Rupee improvement journey continues!
BaaghiTV: The US Dollar depreciates by 4 paisas against the Pakistani Rupee. The US currency continues to depreciate against the rupee, saying that the rupee continues to appreciate in Pakistan due to positive news on stock exchanges, remittances and the country’s economy. price to Rs 151. In June, the dollar broke all records and reached…
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Ukraine will obtain a 270-million-euro loan from the European Investment Bank
KIEV, Feb. 4 (Xinhua/APP):Ukraine will obtain a 270-million-euro (323.76-million-U.S.-dollar) loan from the European Investment Bank (EIB) to reconstruct Flight Zone 2 of its largest international airport Boryspil, the government’s press service said on its official website Wednesday. The project envisages the reconstruction of Flight Zone 2, including a new runway with its radio and lighting…
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Global Stocks Drop on Growing Virus Concerns
Global stocks have dropped on growing virus concerns.
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Stock Markets Hit by Virus Shocks
Stock markets have been hit by virus shocks.