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1-10 results from 1000 for query «currency»

July 17, 2018 12:00 AM Gold jumps Rs850/tola on rupee depreciation

KARACHI: Gold grew dearer in the local market going up by Rs850/tola to reach Rs59,650/tola largely driven by the depreciation of rupee that is currently in the dumps against dollar, traders said on Monday. Gold appreciated by $2 to $1,244 per ounce in the international market. Haji Haroon Chand, president Sindh Sarafa Bazar Association, said the gold became

July 16, 2018 7:37 AM Pakistani rupee tumbles, SBP cites "market forces"

ISLAMABAD: The Pakistani rupee dropped sharply in early trade on Monday in what appeared to be another devaluation by the central bank, two market analysts said, the fourth such intervention since early December. The currency was trading at around 125/126 per dollar at 10.30 am local time (0530 GMT) after closing at 121.5 per dollar on Friday. "It looks 1

July 16, 2018 12:00 AM Khamenei calls state to support Rouhani

DUBAI: Iran’s supreme leader on Sunday called on state bodies to support the government of President Hassan Rouhani in fighting looming US economic sanctions, saying America´s “conspiracy” could be defeated, according to his official website. Ayatollah Ali Khamenei used a speech to members of Rouhani´s cabinet to call for support for the government and action

July 12, 2018 12:59 AM Trade gap hits record $37.7bn

ISLAMABAD: Pakistan’s trade deficit widened to an all-time high of $37.7 billion in the outgoing fiscal year, contributing to the rising current account deficit of the country. The deficit soared almost 16 per cent during the 2017-18, posing a serious challenge for the government to control the menace of rising current account deficit, according to official 5

July 11, 2018 12:39 PM China rejects Pakistan’s debt risk affects CPEC

BEIJING: China has rejected the reports that Pakistan’s foreign exchanges reserves are in short and would affect China-Pakistan Economic Corridor, which is the flagship project of Belt and Road Initiative proposed by Chinese President Xi Jinping in 2013. Chinese Foreign Ministry spokesperson Hua Chunying said on Wednesday, The Western media reports that Pakistan's 8

June 29, 2018 8:40 PM FATF notifies action plan Pakistan must implement after placement on 'grey list'

The Financial Action Task Force (FATF) on Friday formally identified Pakistan as a country with "strategic deficiencies" in its anti-money laundering and counter-terrorism financing regime, notifying the steps the country must take to address the shortcomings. Pakistan's placement on FATF's 'grey list', which had been decided in February, had taken effect 2

June 27, 2018 1:58 AM ASWJ chief Farooqui has very limited financial assets

ISLAMABAD: Aurangzeb Faroo­qui, president of the banned Ahle Sunnat Wal Jamaat (ASWJ) who is contesting the election for both national and provincial assemblies’ seats in Karachi from the platform of Rahe Haq Party, has very limited financial assets as per his documents placed by the Election Commission of Pakistan at its website. According to the documents

June 24, 2018 12:00 AM Erdogan, rival Ince trade blows on eve of crunch Turkey polls

ISTANBUL: President Recep Tayyip Erdogan and his main rival Muharrem Ince on Saturday traded blows in mass rallies on the final day of campaigning for Turkey´s most fiercely contested elections in years. Turks vote on Sunday in snap twin presidential and parliamentary elections called by Erdogan one-and-a-half years ahead of schedule, with the president 1

June 24, 2018 12:00 AM Tax amnesty scheme: SBP unveils guidelines for investment in dollars-denominated bonds

KARACHI: The central bank on Saturday unveiled the procedures for individuals who want to invest their undeclared liquid local or foreign assets into dollars-denominated bonds, as the deadline for the tax amnesty scheme is fast approaching. The State Bank of Pakistan (SBP) said it will open a subsidiary general ledger account of the taxpayer after receiving 2

June 21, 2018 12:00 AM Stocks take a dive on fears of economic outlook

Stocks fell over one percent on Wednesday as investors worried growing external account weaknesses could add more pressure to the country’s sluggish economic growth, dealers said. They added that a lack of clarity on external account outlook and any major likely inflows under tax amnesty scheme, coupled with pressure on oil in international market, trade 2