Rupee’s sharp movements

Rupee’s sharp movements

Competing variables were at play in the local currency market last week, as the rupee moved sharply against the dollar. Updated Nov 24, 2014 07:38am

TOP STORIES

Gas a political commodity

The natural gas pricing policy has not been utilised to direct and maximise its productive use. Updated Nov 24, 2014 07:39am

Looking for a ‘bailout’

The implicit reliance on the government by some businesses — assumed in the shape of a bailout during times of distress Updated Nov 24, 2014 07:40am

Bank deposits down

A sharp reduction of over 100 basis points was noted for Pakistan Investment Bonds of all tenures. Updated Nov 24, 2014 07:41am

Protectionism vs rent-seeking

In view of trade surpluses, the federal government has levied a duty on wheat and sugar imports to protect farmers. Updated Nov 24, 2014 07:42am

Dismal water scenario

The Pakistan Council of Research in Water Resources says the country, once having surplus water, now has a water deficit Updated Nov 24, 2014 07:50am

A local brand-driven business

The Super Asia group’s annual sales turnover, including exports of Rs350m, is around Rs2bn Updated Nov 24, 2014 07:51am

Decline in FFBL profits

For the first nine months of the year (9MCY14), FFBL’s profitability dropped by 46pc to Rs1.77bn, against Rs3.3bn Updated Nov 24, 2014 07:43am

HIGHLIGHTS

The curse of weak global demand

UK prime minister, states that ‘red warning lights are once again flashing on the dashboard of the global economy. Updated Nov 24, 2014 07:47am

World economies

The Italian economy slipped back into recession this year, marking the third contraction since 2008. Updated Nov 24, 2014 07:54am

City Gold (24-ct) Silver
Karachi 40,842 591.42

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 102.35 102.55
U.K. 160.00 160.20
Euro 127.50 127.70
Japan 0.8610 0.8750
Saudi Arabia 27.15 27.35
U.A.E. 27.85 28.05