The central bank could announce a possible reduction in the interest rate by 50 to 100 basis points. The Monetary Policy Committee (MPC) of the SBP will meet today to decide about the Monetary Policy, as analysts expect 50 to 100 basis points cut in the interest rate. The bank’s current interest rate has been […]
Crypto exchange Coinbase reported stronger-than-expected fourth-quarter profits, boosted by increased trading activity in Bitcoin and other cryptocurrencies after the U.S. election. Following Donald Trump’s win in the November presidential election, excitement around cryptocurrencies surged, driving Bitcoin’s value past $100,000 in the quarter. Investors were optimistic about more favourable crypto regulations under the new administration. It’s […]
This stability comes amid fluctuating global currency markets and reflects the resilience of Bahrain’s economy as well as Pakistan’s efforts to manage its external sector pressures. The peg of the Bahraini Dinar to the US Dollar (1 BHD = 2.65 USD) provides an additional layer of stability, insulating it from some of the volatility seen […]
The values of currencies are influenced by supply and demand in the foreign exchange market, which is affected by factors such as inflation, interest rates, and trade balances. The economy of Bahrain, strengthened by oil revenues and a fixed exchange rate pegged to the US dollar (2.65 USD), contributes to the dinar’s steadiness. 1 Bahraini […]
Several factors shape the AED-PKR rate. The UAE Dirham, tied to the USD at about 3.67 AED per USD, gains from the UAE’s robust oil economy and sound fiscal policy. This peg links the Dirham’s value to the USD’s global trend. The Pakistani Rupee, under a managed float, sees its value influenced by market forces, […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 280.90 and Rs 282.40, respectively. The price of the Euro decreased by Rs1.66 to close at Rs 322.78 against the last day’s closing of Rs 324.44, according to the State Bank […]
According to official data, the cumulative surplus for the first nine months of the ongoing fiscal year has reached $1.8 billion, signaling a promising turnaround in the country’s external account. A major contributing factor to the positive trend is the exceptional inflow of workers’ remittances, which surged to an unprecedented $4 billion in March. In […]
Crypto exchange Coinbase reported stronger-than-expected fourth-quarter profits, boosted by increased trading activity in Bitcoin and other cryptocurrencies after the U.S. election. Following Donald Trump’s win in the November presidential election, excitement around cryptocurrencies surged, driving Bitcoin’s value past $100,000 in the quarter. Investors were optimistic about more favourable crypto regulations under the new administration. It’s […]
Crypto exchange Coinbase reported stronger-than-expected fourth-quarter profits, boosted by increased trading activity in Bitcoin and other cryptocurrencies after the U.S. election. Following Donald Trump’s win in the November presidential election, excitement around cryptocurrencies surged, driving Bitcoin’s value past $100,000 in the quarter. Investors were optimistic about more favourable crypto regulations under the new administration. It’s […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs280.75 and Rs282.25, respectively. The price of the Euro increased by 30 paisa to close at Rs319.31 against the last day’s closing of Rs319.01, according to the State Bank of Pakistan (SBP). […]
