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Tag Archives: US dollar

Restart of talks helps rupee to firm value

LAHORE: With the ‘apparent’ signs of improvement in the prevailing political scenario, Pak Rupee managed to sustain its value against US Dollar and other international currencies in currency market. Though no extra ordinary market demand for the US dollar was seen, its rates remained stable. Market players said that emergence of new political situation with restart of dialogue process between ... Read More »

Imran, Qadri marches: Rupee continues to lose value against dollar

KARACHI: Pakistani rupee continued to lose value as it plummeted 70 paisas against US dollar in the inter-bank market as later touched the Rs 101.10 mark. Traders and businessmen are worried due to this political standoff because this situation would further curtail the value of local currency against dollar. Analysts reflected that if the current political scenario continued to prevail ... Read More »

Rupee weakens against dollar amid Azadi, Inqlab marches

KARACHI: The call of civil disobedience and sit-ins against government has added to the confusion prevailing in open and intra bank markets. The value of Pakistani rupees has decreased to Rs99.95 in open market against US dollar. Also intra bank rate of dollar touched Rs100.1 with an increase of 6 paisa. Financial analysts said that because of political turmoil and ... Read More »

Rupee devalues by 47.1pc against dollar from 2008-13

ISLAMABAD: Pakistani Rupee devalued approximately 47.1% against US Dollar during period from 2008 to 2013. Rupee met with the worst depreciation in the fiscal year 2009 when it was devalued up to 16.0% and the lowest was in 2011 which was 0.5% only. Official documents available with Customs Today show that Pak rupee was victim of depreciation against dollar in ... Read More »

GSP+ boosted textile exports in FY14

LAHORE: Textile exports, amid all gloom and doom, showed encouraging growth of 3.9 percent year-on-year and reached $13.8 billion in fiscal year 2014 as against $13.3 billion during the corresponding period of last year. Most of the textile exports were to EU which surged by 18 percent on YoY and reached $5 billion in FY14. This was mainly due to ... Read More »

Commerce Ministry asked to make TCP contract with PNSC

ISLAMABAD: The Standing Committee on Ports and Shipping met in the Parliament House, Islamabad under the Chairmanship of Syed Ghulam Mustafa Shah, MNA to consider the following agenda:- Input by the Ministry of Commerce relating to the issues of Pakistan National Shipping Corporation (PNSC). The Chairman, Pakistan National Shipping Corporation (PNSC) with reference to ECC decisions of 22nd November, 2012 wherein ... Read More »