The News reported on Tuesday that Indus Motor Company (IMC), which assembles Toyota vehicles in Pakistan, has reduced prices by up to 8.3%, or Rs1.31 million, as of October 24 in order to pass the benefits of the rupee’s recent strengthening against the dollar on to customers. The company, which sells Toyota‘s Yaris, Corolla, Revo, […]
According to The News on Friday, there was a recent two-day decrease in the price of the rupee versus the dollar that has now reversed itself and was allegedly caused by manipulation by some banks. There was no discernible shift in the fundamentals of market forces on Thursday, despite the rupee turning the tide against […]
Pak Suzuki Motor Company, a Japanese automaker in Pakistan, stated on Thursday that its board of directors had authorized the company’s voluntary delisting from the Pakistan Stock Exchange (PSX), citing the lack of any shareholder dividends and ongoing losses as reasons for the decision. The business informed the PSX that it will soon submit a […]
The rupee returned to increasing gains against the dollar in the interbank market by Rs2.09 after losing ground against the dollar on Wednesday. Following an administrative crackdown on the black market for currencies, the rupee enjoyed increases of up to 6 percent for the majority of September. As a result, it ended up being the […]
Tuesday saw a 0.07% depreciation in the value of the Pakistani rupee, which had appreciated 11% during the previous 28 days of working days due to increased demand for the dollar. The rupee ended the day at Rs277.03 to the dollar in the interbank market. According to the market discussion, the rupee has hit its […]
The Pakistani rupee is showing strong signs of continuing its robust climb after easily surpassing the much-discussed resistance level of Rs. 285 against the US dollar on Wednesday to reach a fresh three-month high in the inter-bank market. According to data from the central bank, the rupee recorded further gains of 0.37%, or Rs1.04, and […]
On First Day of In-Store Availability, Apple’s Flagship Shanghai Store Sees Over a Hundred Customers Eager to Get Their Hands on iPhone 15″ The performance of Apple’s latest iPhone in China has garnered significant attention from fans and market observers. This comes in the wake of increased restrictions on iPhone use by government employees and […]
Submits written resignation to PM Shehbaz; says ‘honour’ to serve country under premier’s leadership Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail officially resigned from the office of finance minister on Tuesday, days after announcing that he had verbally informed the premier of his decision to step down from the post. Miftah steps down as former […]
Stringent monitoring of banks and crackdowns have also strengthened the rupee The Pakistani rupee continued its rally against the US dollar on Tuesday following the return of Ishaq Dar and Prime Minister Shehbaz Sharif’s visit to the United States. The dollar was being traded at Rs234.11 in the interbank market while the open-market rate hovered […]
PTI Chairman Imran Khan on Saturday said that his party MNAs will return to the National Assembly if the government decides to investigate the cipher from Pakistan’s ambassador in Washington allegedly containing comments regarding the vote of no-confidence against him. Khan’s remarks came during a conversation with journalists in Islamabad. The cipher, based on then-envoy […]
