PKR gains 84 paise in interbank market - Business



The rupee extended its gains in the interbank market for the third consecutive day on Tuesday, rising to 238 against the dollar. The local currency, which closed at 238.84 yesterday, gained 84 paise by 10:33am, according to the Forex Association of Pakistan (FAP). Overall, the PKR has gained nearly Rs2 in the interbank market since Friday. It gained 57 paise on Friday, followed by 53 paise in this week’s opening session. Prior to that, the local currency had been on a consistent decline since July 16.
More to follow.

Source link https://www.news.qm.com.pk/pkr-gains-84-paise-in-interbank-market-business/?feed_id=137176

Comments

Post a Comment

Popular posts from this blog

Ziyarat brought out at Nicholson road Imam Bagah October 2016

Image
Ziyarat brought out at Nicholson road Imam Bagah | 9:00 AM 11 October 2016Ziyarat brought out at Nicholson road Imam Bagah | 9:00 AM 11 October 2016 [embedyt] https://www.youtube.com/embed?listType=playlist&list=PLzCV8mp4Kpdna8jstPCIrJVXJWgJc_HT6&v=ktR8_0vjQnU&layout=gallery[/embedyt] https://www.news.qm.com.pk/ziyarat-brought-out-at-nicholson-road-imam-bagah-october-2016/?feed_id=258391
Read more

MG Motors to introduce three CKD models in Pakistan - Business

Image
General Manager of MG Motors Pakistan Syed Asif Ahmed has said the company plans to introduce three models of completely knocked down (CKD) cars in Pakistan, including the HS model, as part of its five-year plan. In a statement to Business Recorder , Ahmed said Pakistan was a “very CKD-oriented market”. CKD vehicles are assembled locally compared to completely built units (CBUs) that need to be imported. “We are working closely with the Engineering Development Board. Despite global logistical crises, especially in China after Covid-19 lockdown and restrictions, plant equipment has arrived in Pakistan. We are working day and night to get it operational in the current fiscal year,” the general manager told Business Recorder . However, he did not specify the other two CKD models the company would introduce. “We want to provide Pakistan customers with multiple options and features in our vehicles,” he added. Ahmed said the safety features in locally assembled cars were “conside...
Read more

Govt to soon offer Covid jab to children aged five to 11: health minister

Image
Federal Health Minister Qadir Patel on Wednesday announced that the government will begin vaccinating children between the ages of five and 11 against coronavirus "within a month or two" as he called for a return to Covid precautionary measures. At a media briefing of the National Command and Operation Centre (NCOC) in Islamabad today, he said vaccines for children in the 5-11 year age bracket were only available with Pfizer. "We have engaged in a dialogue with them. Hopefully, by August or September, we will receive 6.8 million doses from Pfizer which is a step forward," he said. Covid cases in Pakistan, the minister noted, had increased in the last few days. "The situation is not worrisome [yet] but it requires the public to be cautious." For this purpose, the government is proposing three standard operating procedures (SOPs) that need to be "followed religiously", he said. "We ...
Read more