11/01/2021 10:38 AM

PKR ended 2020 on strong footing

Pak Rupee display strong show

Rupee ended the year at 159.83, down 3% from year start, but significantly stronger than the low of 169.50 posted on 27th March 2020. This trend of strengthening was possible due to substantial growth in remittances, exports and multi lateral flows. In fact, Dec exports posted $2.16bn (annualised $26bn). Rupee has also been assisted by lower imports, oil prices and rescheduling of debt, and also due to a weak and bruised dollar in global markets. The Roshan Initiative promises to bring in another $1.2bn in 2021 (having clocked in about $200mn last year).

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03/11/2020 03:02 AM

Money Market & Remittances an overview by Muhammad Asim

Muhammad Asim our advisor to Board shared his thaughts on PTV with an update and trends of ongoing currency rates and future trends for remittances flow and role of digital channels  in brining more remittanes to the country. The increase in inflows of US Dollars in Paksitan and global impact on USD has reduced demand for USD and other foreign currencies therefore rates are goin gdown and this trend may remain continue further if CORONA lock downs are observed by developong markets.   Click to see the complete video 

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24/03/2018 04:40 PM

Weekly review: Rupee devaluation propels KSE-100 past 45,000

KARACHI:  The stock market got a massive boost during the outgoing week with the KSE-100 Index adding 1,667 points or 3.84% to close at 45,030.22, mainly due to the massive devaluation of the rupee against the greenback which helped reignite investor interest in a number of sectors.

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20/03/2018 02:43 PM

Pakistani rupee weakens sharply in likely devaluation by SBP

ISLAMABAD: Pakistan´s rupee weakened sharply against the dollar on Tuesday in what appeared to be a currency devaluation by the central bank, traders said, the second such intervention in the last three months.

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20/03/2018 11:34 AM

Which currency will come out on top in 2018?

The world’s currencies are on an endless roller-coaster ride, their relative values constantly rising and falling in relation to each other, with the occasional stomach-churning drop.

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30/01/2018 02:35 PM

Old paper £10 notes will cease to be legal tender in ONE week

The old paper £10 note featuring Charles Darwin will expire in just one weeks' time.

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