Devaluation of currency helped overseas Pakistanis: Reza Baqir
Some people suffer losses due to a rise in the exchange rate, but some also benefit from it, says State Bank of Pakistan (SBP) Governor Reza Baqir.
- Published in Business
Business News | PSX | News Updates from Pakistan Economy - SUCH TV
Dollar continues to rise, reaches record high of Rs173.50 in interbank trade
The US dollar continued to rise against the rupee on Wednesday — a trend experts largely attribute to the country's growing current account deficit — reaching a record high of Rs173.50 after appreciating by 55…
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Gold price jumps Rs 2,500 per tola in Pakistan
Gold has once again invited investors’ attention with the return of inflationary days in Pakistan and around the world, as the safe-haven shot up by Rs2,500 per tola to Rs122,200. Gold prices in the local…
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Govt to form committee to review legal status of cryptocurrencies, SHC
The Sindh High Court ordered the government to form a high-level committee to review the legal status of cryptocurrencies as it heard a petition demanding that the court declare a State Bank of Pakistan order…
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Negotiations with IMF moving forward positively: Reza Baqir
Pakistan's negotiations with the International Monetary Fund (IMF) are moving forward in a positive manner, says State Bank of Pakistan (SBP) Governor Reza Baqir.He was speaking on Tuesday to overseas Pakistanis at an event in…
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Bitcoin nears record high ahead of futures ETF listing
Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based US exchange traded fund (ETF) could herald investment flows into bitcoin…
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Pakistani rupee hits all-time low against US dollar
The US dollar continued to soar against the Pakistani rupee, reaching a new historic high in the inter-bank market on Monday.
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Bitcoin tops $60,000 on US fund approval hopes
Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will greenlight the first US futures exchange-traded fund for the cryptocurrency.
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Increase in petroleum prices is not linked to IMF: Shaukat Tarin
Finance Minister Shaukat Tarin has said that the latest increase in petroleum prices is not linked to Pakistan’s talks with the International Monetary Fund (IMF) for the resumption of a loan facility. “A steep increase…
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Shredded Banksy artwork sells for $25.4 million at auction
A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and…
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Govt jacks up petrol price by Rs10.49 per litre
The PTI-led government has announced a massive price hike in petroleum products, increasing the per litre cost of petrol by Rs10.49 and high-speed diesel by Rs12.44 for the next fortnight.
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OGRA recommends Rs 5.90 increase in petrol price
Oil and Gas Regulatory Authority (OGRA) has recommended Rs 5.90 per litre increase in the price of petrol. The authority forwarded a summary to the Petroleum Division in which it suggested increasing the price of…
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Bali reopens to foreign tourists, but without flights
Indonesia’s holiday island of Bali reopened to foreign tourists after 18 months of pandemic hiatus on Thursday, but the island is lacking one crucial ingredient: international flights.
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Shopify enlists Microsoft, Oracle for business tools on app
Canadian e-commerce platform Shopify is teaming up with top cloud companies including Microsoft and Oracle to help merchants streamline their business operations.
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