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1-10 results from 1000 for query «rupee»

November 5, 2018 1:51 PM Pakistan, China agree to trade in Rupee, Yuan instead of dollar

ISLAMABAD: Pakistan and China have agreed to do trade in their own currencies instead of dollar, Jang has reported. According to report, the two countries agreed to do business in Pakistani rupee and Chinese currency Yuan during the visit of Prime Minister Imran Khan to Beijing. Before Chinese President Xi Jinping and PM Imran Khan, Turkish President 4

October 26, 2018 12:00 AM October FX reserves fall below $8bln for first time in nearly 5yrs

Karachi: Pakistan’s official foreign exchange reserves sharply fell 3.3 percent to $7.825 billion, leaving the country with an alarmingly low level of dollars to pay for less than two months of import bill and debt servicing, although analysts bet on the latest Saudi rescue that would likely to stave off a brewing balance of payment crisis. The reserves 6

October 24, 2018 12:00 AM Rupee devaluation: Senate body summons SBP governor

ISLAMABAD: The Senate Standing Committee on Finance, Revenue, and Economic Affairs has summoned the governor of the State Bank of Pakistan (SBP) in its next meeting on the issue of devaluation of Pakistani rupee.In Tuesday’s meeting, the committee was told that devaluation of Pak rupee would help boosting the country’s foreign exchange reserves with the increase 4

October 20, 2018 2:52 PM Country has sought loan from IMF for the last time: Asad Umar

KARACHI: Finance Minister Asad Umar, talking to the media regarding Pakistan’s decision to go for an IMF bailout, said this is the last time the country is seeking a loan. “This will be the last IMF programme,” the finance minister said at an event held on Saturday at the Pakistan Stock Exchange. He added, “The media is portraying the country’s economy 3

October 12, 2018 12:00 AM PTCL’s profit falls 26pc as rupee depreciation bites

KARACHI: Pakistan Telecommunication Company Limited’s (PTCL) profit fell 26 percent to Rs3.946 billion for the nine months ended September 30 as currency devaluation bit its earnings during the period, the company said on Thursday. The country’s leading telecommunication firm recorded Rs5.34 billion in profit during the corresponding period a year earlier 5

October 11, 2018 12:00 AM Remittances up 13.14pc to $3.419bln in 1Q

KARACHI: Remittances from overseas Pakistani workers rose 13.14 percent in the first quarter of current fiscal year, mainly on the back of strong economic and job market growth in the major contributing countries and devaluation of rupee, the central bank data showed on Wednesday. The figures released by State Bank of Pakistan (SBP) revealed remittances 4

October 10, 2018 12:00 AM LCCI slams rupee devaluation

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to direct Ministry of Finance and State Bank of Pakistan to immediately intervene in the matter of rupee devaluation, as it is bound to hit all the sectors of the economy hard, a statement said on Tuesday. LCCI President Almas Hyder said that the government should start 5

October 4, 2018 12:00 AM Stocks led lower by weak auto shares

KARACHI: Stocks continued to fall for the third consecutive session on Wednesday, as blue-chip auto shares took a hit on government decision to bar non-filers from buying vehicles, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporations said, “Bearish activity was witnessed at PSX after NA passed the Finance (Amendment) Bill restricting non-filers 5

September 28, 2018 10:55 AM Imran Khan’s Pakistan dam fund appeal could be the largest crowdfunding effort in history

ISLAMABAD: It’s a far cry from those sponsored Facebook posts asking you to invest in a start-up’s new digital watch or an unbreakable phone case. If it succeeded it would be the largest crowdfunding effort in history -- shattering the current Kickstarter record 700 times over. But while Pakistanis have responded to Khan’s plea with enthusiasm, the tally 3

September 27, 2018 12:00 AM Bank accounts with Rs10mln monthly deposit on FBR radar

KARACHI: The Federal Board of Revenue (FBR) nudged banks into furnishing details of accounts that are fed with Rs10 million or more in a month, aiming at to broaden the tax base, officials said on Wednesday. The tax officials said the FBR directed all the banks to provide details of accounts that were credited with Rs10 million or above in a month. They said the FBR, in an official 6