ISLAMABAD: Pakistani rupee depreciated by 84 paisa against greenback on Friday, continuing its downward journey amid strengthening dollar in interbank…
Economy
ISLAMABAD: HBL’s Islamic Banking and Edenrobe signed a Merchant Establishment Agreement on 7 July 2021, at Lucky One Mall in…
Bulgarian Envoy H.E Irena Gancheva said Bulgaria is also keen to promote economic ties with Pakistan
Analysts attributed the spike in the dollar value to increase in demand saying imports and debt repayment were pushing the greenback’s price in the interbank market.
Many studies indicate that remittances tend to increase when receiving households experience disasters or recessions.
In FY21, Pakistan reentered the international capital markets after a gap of over 3 years in early April 2021 and SBP’s foreign exchange reserves rose to record high level
The rupee depreciated by 70 paisa as the dollar was being quoted at Rs160.
So far, 21 new companies have been authorised to start local manufacturing/assembly of mobile phones in Pakistan.