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ISLAMABAD: The government’s move to import 0.5 million tons of sugar — 300,000 tons through the Trading Corporation of Pakistan (TCP) and 200,000 tons via the private sector — is expected to raise the import bill by $275–280 million. However, it is unlikely to lead to a reduction in local
KARACHI: Pakistani rupee declined further against the US dollar, depreciating 0.03% in the inter-bank market on Thursday. At close, the currency settled at 284.56, a loss of Re0.09. On Wednesday, the currency settled at 284.47. Internationally, the US dollar slipped further from a two-week high versus major peers on Thursday,
KARACHI: In a major development to the country’s external account, Pakistan’s total liquid foreign exchange reserves have surged past the $20 billion mark for the first time in three years, driven by strong foreign inflows. According to the weekly report issued by the State Bank of Pakistan (SBP) on Thursday,
KARACHI: Pakistani rupee declined further against the US dollar, depreciating 0.04% in the inter-bank market on Wednesday. At close, the currency settled at 284.47, a loss of Re0.11. On Tuesday, the currency settled at 284.36. Internationally, the US dollar rose for a third day against the yen on Wednesday as
