Monday, November 28, 2022

Shortage of USD in open market

There's a deficit of US dollars n the open request, ” Zafar Paracha, General Secretary at the Exchange Companies Association of Pakistan( ECAP), verified to Business Archivist on Monday.   The deficit comes...

Govt getting $4bn as bonds take battering after floods: SBP

KARACHI fresh fiscal transnational commitments to Pakistan in the wake of ruinous cataracts will neutralize any current account deterioration and detainments in the issuing of$ 2 billion in bonds, central bank...

US aims to hobble China’s chip industry with sweeping new export rules

The Biden administration on Friday published a broad set of import controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with United States...

Tresmark weekly view Rupee Posts Huge Gains

If last quarter was all about managing inflation, the current quarter will be about how to avoid a recession. The monumental speed at which Fed is hiking rates has left all...

Germany Finally Says the F-Word: ‘Fracking’

Russia’s irruption of Ukraine has produced a string of surprising changes in Germany over the once seven months mainly advanced defense spending, delivery of murderous munitions to a combat zone, new...

Binance-linked blockchain hacked for $570 million

A blockchain connected to Binance, the world’s largest cryptocurrency exchange, has been addressed for$ 570 million, according to a Binance spokesman on Friday. This is the rearmost in a series of...

Rupee settles below 222 ,10th day straight gain

Pakistan's rupee maintained its upward line against the US bone for the tenth straight session, appreciating0.9 in theinter-bank request on Thursday.   As per the State Bank of Pakistan( SBP), the rupee closed at221.94...

Finance ministry calls Moody’s rating downgrade ‘not truly reflective’

ISLAMABAD The finance ministry has rejected Moody’s decision to downgrade Pakistan's autonomous credit standing to Caa1-- veritably high credit threat status-- as' unilateral' and' not truly reflective of the country's macroeconomic...

Floods damage discussed with CEO ADB.

ISLAMABAD: Finance Minister Ishaq Dar has knowledgeable a delegation of the Asian Development Bank (ADB) Wednesday approximately the devastation because of floods in Pakistan and its effect at the us of...

Small sigh of relief for rupee on Friday

KARACHI: The rupee on Friday controlled to level a modest healing in opposition to the United States greenback after struggling losses withinside the closing 15 consecutive sessions. The greenback misplaced simply six...
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