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1-10 results from 1000 for query «dollar»

July 21, 2018 12:00 AM PIAF demands currency crash probe

LAHORE: A massive rupee devaluation of over 21 percent against dollar during the last six months demands an immediate high-level probe to find out what caused this currency disaster, industry officials said on Friday. “The State Bank of Pakistan is urged to identify the reasons and share the findings with the business community,” Irfan Iqbal Sheikh 4

July 20, 2018 12:00 AM Caretaker setup shows lack of control over currency regime

LAHORE: The interim government’s seemingly lost control over the currency regime is being ignored, as all political parties are busy slinging mud on each other that is further damaging the already weak economy of Pakistan. Rupee traded at Rs110 against dollar when the caretaker government was sworn in; however, in less than 50 days the value has dropped 2

July 19, 2018 12:00 AM Jang Economic Session: Rupee devaluation to bring new wave of inflation, say experts

LAHORE: Devaluation of rupee against the US dollar will affect all segments of society, PML-N, PTI and PPP experts should evolve a mechanism to handle the issue and Senate Standing Committee on finance can play an effective role in this regard. These views were expressed by the experts at Jang Economic Session on ‘impact of devaluation of rupee against 2

July 18, 2018 12:00 AM Malaysian king calls for unity amid racial tensions

KUALA LUMPUR: Malaysia’s king has appealed for calm amid growing racial tensions in the Muslim-majority country after an electoral earthquake in May toppled the Malay-dominated coalition that had ruled the country for decades. In his inaugural address to lawmakers during the new parliament session, King Sultan Muhammad V urged "every citizen to preserve 3

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 4

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 4

July 12, 2018 12:00 AM Bahrain’s economy shrinks in Q1 as oil production sags

DUBAI: Bahrain´s economy shrank on an annual basis in the first quarter of 2018 for the first time in at least seven years, hit by a fall in oil production, data from the official statistics agency showed on Wednesday. The figures may increase concern about the health of Bahrain´s economy as it struggles with a current account gap and a large state budget 6

July 11, 2018 12:00 AM Malaysia asks Macau to detain financier Jho Low after he flees HK

KUALA LUMPUR: Malaysian police said they had asked Macau authorities to detain Malaysian financier Low Taek Jho, who they believe evaded arrest in Hong Kong and escaped via ferry to the nearby island. Low, or Jho Low as he is known, has been identified by Malaysian and US investigators as a key figure in the multi-billion dollar 1Malaysia Development 1

July 2, 2018 12:00 AM Only honest leadership can put country on road to development: Khattak

NOWSHERA: Former chief minister and Pakistan Tehreek-e-Insaf (PTI) candidate for NA-25 Pervez Khattak on Sunday said only the honest and sincere leadership could put the country on the path to development. Addressing a rally in Azakhel, Pervez Khattak said Pakistan can enter the group of advanced countries under the leadership of PTI Chairman Imran Khan. PTI candidate 2

June 30, 2018 2:46 PM Imran pledges to end corruption at ministerial level from day one

ISLAMABAD: Pakistan Tehreek-e-Insaf chairman Imran Khan on Saturday promised clean sweep of the big corruption from the country on the day his party wins authority. "As soon as we come to power, same day, we will curb high level corruption. High level corruption is what PM and ministers are involved in," Imran Khan told his supporters at a convention 5