LAHORE: Businessmen have urged the government to control dollar flight besides bridging the gap between inter-bank and open market exchange rates. “A widening divide between inter-bank and open market dollar rates and an uncontrolled dollar flight are posing a new challenge to the trade, industry and economy,” said Lahore Chamber of Commerce and Industry (LCCI)…
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The US dollar continued to hit new heights against a weakening Pakistani rupee, and reached the 305 level during trading as the gap with the inter-bank rate widened further. The Pakistani rupee has found itself on a rollercoaster ride yet again against the mighty US dollar. The dollar crossed an unprecedented milestone, soaring past the…
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The authorisation entitles the bank to disburse pensions to various departments. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the disbursement process Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf…
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New Delhi: Staples like cereals and pulses are unlikely to offer relief in the near term amid hardening international prices and subdued sowing domestically. This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher. In July, India witnessed a surge in CPI inflation,…
Former President Donald J. Trump returned to X, the social media platform formerly known as Twitter, on Thursday night after a hiatus of more than two years. Mr. Trump posted a link to his website and a photo of his mug shot in his first new post on X since Twitter banned his account after…
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Amancio Ortega, the billionaire founder of the Zara clothing chain, snapped up a luxury apartment building in Chicago for $232 million to add to his growing US property portfolio.Ortega’s family office Pontegadea acquired 727 West Madison from a joint venture of Ares Management and F&F Realty, according to a company spokesperson.The purchase adds the 45-story…
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Waitrose and John Lewis are offering free hot drinks under the “Thanks a Latte” initiative. Source link
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 0.14% on a week-on-week basis, reaching $8.1 billion, according to data released by the central bank on Thursday. By the end of the week on August 11, 2023, the central bank’s foreign currency reserves were recorded at $8,055.3 million, indicating…
Read More “Forex reserves rise $12m to $8.1b | The Express Tribune” »
The Pakistani rupee fell by Rs2.99 against the US dollar during interbank trade on Wednesday, extending its losses from the previous day. The local currency was changing hands at Rs294.50 against the greenback at around 12:24pm, according to data from the Exchange Companies Association of Pakistan (ECAP). In the open market, the dollar was being…
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Chhattisgarh, one of the poorest states in the country, is the second best in overall fiscal health scorecard after Maharashtra, and ahead of Telangana, while the bottom three are Bengal, Punjab and Kerala, shows a report by a foreign brokerage. Based on the FY24 first budget estimates, the top three states are Maharashtra, Chhattisgarh and…
