Dollar Nears Two-Month Low as Trump Presses Fed for Bigger Rate Cut The U.S. dollar slipped close to a two-month low against the British pound on Tuesday, as investors braced for another Federal Reserve rate cut and U.S. President Donald Trump renewed pressure for more aggressive monetary easing. Markets widely expect the Fed to trim […]
According to forex.pk, this marks a relatively stable exchange rate, with no significant changes in the open market value of the Omani Rial against the Pakistani Rupee. The Omani Rial, abbreviated as OMR, is the official currency of Oman. It is divided into 1,000 smaller units known as baisa. The rate of Rs. 715.5 per […]
The decision was taken in a Monetary Policy Committee (MPC) meeting of the central bank chaired by SBP Governor Jameel Ahmad. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee noted that inflation has declined […]
