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Showing posts with the label Forex rates

PILDAT says Feb 8 polls record lowest fairness score since 2013

  The Pakistan Institute of Legislative Development and Transparency (PILDAT) has issued a report detailing its assessment of the recently-concluded general election, expressing deep concerns over a decline in fairness scores compared to previous election cycles.
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Is Pakistan poised for default in FY2024

  Pakistan's dangerously low foreign exchange reserves and a steep debt repayment schedule looming for the fiscal year 2024 that begins in July, She is facing a stark prospect of potential default or even a larger balance of payments crisis in the 12 months ahead.
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PKR sees massive recovery of over Rs10 in interbank

  The rupee made a strong recovery in the interbank market on Wednesday, rising by more than Rs10 against the dollar. 
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Rupee drops to new low of 229 against dollar

  The rupee continued to lose ground against the dollar on Friday, hitting yet another record low of Rs228.50 interbank trade as concerns remained over the exchange rate volatility and analysts called for the government and central bank’s intervention.  According to the Forex Association of Pakistan (FAP), the rupee depreciated 75 paise — a slump of 0.33pc — against the previous day’s close of Rs227.75 to reach Rs229 by 15.00pm.  The FAP’s closing rate of the last session is higher than the State Bank of Pakistan’s (SBP’s) closing rate of Rs266.81.  Today’s decline in the rupee’s value is in continuation of its free fall against the dollar witnessed throughout this week.  According to the SBP data, the exchange rate rose to a record high of Rs215.2 on Monday, peaked to Rs222 on Tuesday, surpassed the Rs224 mark on Wednesday and reached Rs226.81 on Thursday.
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Between Drone and Al Qaeda, Human Rights Watch report

Human Rights watch has published its report, "Between Drone and Al Qaeda" , on what it says an illegal Drone killings by United States in Yemen and  Somalia. The report was published in Parallel with the report of Amnesty International which as published on the drone strikes by United States in Pakistan .
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Taliban freed US soldier in exchange with five Gitmo prisoners

President Obama addressing a news conference with the parents of released soldier Bowe Bergdahl Washington : Taliban released last of the US prisoner of war held in Afghanistan in a dramatic swap for five Taliban detainees who were released from Guantanamo Bay prison. US soldier, Army Sergeant Bowe Bergdahl held under the captivity of Taliban for five years, after Taliban were agreed at last minute to exchange it with their senior official kept at Guantanamo Bay prison by United States.
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Warid Telecom to launch 4G LTE services in Pakistan

Islamabad : Pakistan Telecommunication Authority (PTA) has accepted the plea of Ward Telecom to permit it to launch 4 G services in the country. With this, Ward Telecom has become second company to acquire the 4G licence after China Mobile company Zong.
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