Oil prices edged higher on Thursday as the market balanced weak demand with supply disruption amid a looming rail stoppage in the United States, the world’s biggest crude consumer. Brent crude futures was up by 2 cents to $94.12 a barrel by 0324 GMT, while US West Texas Intermediate crude …
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The dollar held near recent peaks on Thursday as traders increased bets that the United States Federal Reserve will become even more aggressive next week in its battle to curb inflation, while the yen faltered after a brief pop in the previous session. The dollar was up 0.14 per cent …
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The PKR fell by Rs1.68 against the dollar during morning trade in the interbank market on Thursday, data shared by the Forex Association of Pakistan (FAP) showed. The local currency was changing hands at Rs236 per dollar at 11:35am after depreciating 0.71 per cent. Yesterday, the PKR closed at Rs234.32 …
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KARACHI: Despite an upsurge in inflation that has pushed the cost of living across the globe in the post-Covid era, the overseas Pakistanis remitted a higher amount of $2.7 billion in August. The State Bank of Pakistan (SBP) on Tuesday reported that the country received $2.724bn in August, a growth …
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The Pakistani rupee continued to lose ground against the dollar for the ninth consecutive session on Wednesday, with the PKR sliding by Rs2.08 during morning trade in the interbank market. The local currency was being traded at Rs234 per dollar at 12pm, depreciating 0.89 per cent from yesterday’s close, according …
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The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in United States yields after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve next week. The dollar rose as high as 144.965 yen in the Asian session, taking …
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LAHORE: The economic pressure has increased due to floods, said Finance Minister Miftah Ismail. “Difficult decisions have been taken to save the country from bankruptcy. The economic pressure has increased owing to recent floods,” the minister said during his meeting with Punjab Governor Balighur Rehman on Monday. The economic conditions …
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The dollar nursed losses on Tuesday ahead of United States inflation data that investors hope might show some signs of softening, while the euro rose on hawkish comments from policymakers that rates would need to increase further. The euro was last up 0.06 per cent to $1.013, after hitting a …
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The rupee fell by Rs2.18 against the dollar during early trade in the interbank market on Tuesday, data shared by the Forex Association of Pakistan (FAP) showed. The local currency was being traded at Rs232 per dollar by 12:49pm, down 0.94 per cent from yesterday’s close of Rs229.82. Separately, the …
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The rupee continued to weaken against the dollar on Monday, falling by Rs1.72 during early trade in the interbank market. By 12pm, the local currency was changing hands at Rs229.9 per dollar, data shared by the Forex Association of Pakistan (FAP) showed. This equates to a depreciation of 0.75 per …
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