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Pound slumps to all-time low against dollar

Pound slumps to all-time low against dollar

Sterling tumbles to record trough as traders scamper for exits.Pound’s drop helps dollar to new two-decade peak against major peers.Sterling…
Rupee opens week’s trading on positive note, registers gain against dollar

Rupee opens week’s trading on positive note, registers gain against dollar

Pakistan rupee closes at 237.02 after gaining 2.63.Local unit gains after successive losses last week.Increase comes after announcement of Ishaq…
Rupee’s downward spiral continues unabated, breaches 245 threshold in open market

Rupee’s downward spiral continues unabated, breaches 245 threshold in open market

Rupee has lost over 8.27% in last twelve sessions.Local unit closes at 237.91 in interbank market.Analysts believe rupee is unlikely to…
Rupee continues losing streak against dollar

Rupee continues losing streak against dollar

Massive devastation caused by floods worsens country’s economic crisis.Rupee loses Rs1.64 against the US dollar in interbank market.Rupee likely to…
UK economy shrank record 11% in 2020, worst since 1709

UK economy shrank record 11% in 2020, worst since 1709

UK recorded its biggest fall in output in more than 300 years in 2020.Gross domestic product fell by 11.0% in…
Monetary policy: SBP maintains status quo, holds interest rate at 15%

Monetary policy: SBP maintains status quo, holds interest rate at 15%

SBP hints at tightening policy rate in next meeting scheduled to be held on October 10.Central bank had cumulatively increased…
Gold price plummets by Rs4,300 per tola in Pakistan

Gold price plummets by Rs4,300 per tola in Pakistan

Gold price settles at Rs134,200 per tola.Price has declined by Rs9,300 per tola since August 10.Gold is cheaper by Rs7,500…
Oil drops as China data weighs

Oil drops as China data weighs

China’s July refinery output lowest since March 2020, data shows.Stronger US dollar and low liquidity pressure prices.Iran is expected to…
For fifth straight session, dollar continues slump against rupee

For fifth straight session, dollar continues slump against rupee

Pakistani rupee gains 2.65 against US dollar.Reaches 226.15 in the interbank market.ECAP chairman says several factors influencing rupee. KARACHI: The…
PSX soars over 800 points as Pakistan inches closer to IMF programme

PSX soars over 800 points as Pakistan inches closer to IMF programme

KSE-100 index surpasses 41,000-mark.Investors cheer news that Pakistan has completed all IMF conditionsBullish trend also driven by appreciation of rupee…
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