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Posts Tagged ‘forex’

IMF says Pakistan Refuses to Sell $2.7b Worth of Gold

IMF says Pakistan Refuses to Sell $2.7b Worth of Gold

Saturday, March 29, 2014 10:59

Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday. [caption id="attachment_36399" align="alignright" width="368"]...

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16.802 $ Billion Forex Reserves Slip

16.802 $ Billion Forex Reserves Slip

Friday, January 27, 2012 10:20

Pakistan's liquid foreign reserves slipped by $ 101 million to more than $ 16.802 billion on January 20,2012. According to SBP spokesman here Thursday, the foreign reserveswith SBP dropped to $ 12.553 billion while the net foreign reservesheld by banks improved to about $ 4.249 billion....

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Rupee at Record Low of 87.23 Against Dollar

Rupee at Record Low of 87.23 Against Dollar

Tuesday, August 30, 2011 7:24

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Rupee Ends at Record Low Again

Rupee Ends at Record Low Again

Saturday, August 20, 2011 6:45

The rupee fell to a new low on Friday on negative sentiment surrounding the country’s economic outlook, following the deteriorating security situation in the country’s commercial hub Karachi. The rupee closed at 86.85/90 to the dollar—its ...

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Gold Reaches Rs58000 per Tola Historic Mark

Gold Reaches Rs58000 per Tola Historic Mark

Wednesday, August 17, 2011 6:35

Domestic gold jumped to new peak on Tuesday trade as the investors have secured fresh positions ahead of a further commodity appreciation amid concerns the world economy and markets may not perform good in near future. The price ...

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Gold at Historic High of Rs57,800 Tola

Gold at Historic High of Rs57,800 Tola

Friday, August 12, 2011 7:33

Domestic gold jumped to new historic peak on Thursday trade on the back of hefty buying and concerns the global economic recovery to remain under pressure in near future. The price of 10-gram gold has shot surged by ...

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Gold Sets New Highest Price 57,000 Tola

Gold Sets New Highest Price 57,000 Tola

Wednesday, August 10, 2011 6:42

KARACHI: Escalating domestic gold prices reached fresh peak in Tuesday trade on the back of buying frenzy triggered by United States and European debt woes, weakening dollar and investment shifting from equities to gold. Prices of 10-gram gold ...

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Gold climbs to New Peak of 54,850 Tola

Gold climbs to New Peak of 54,850 Tola

Tuesday, August 9, 2011 6:41

Domestic gold broke all previous records on mammoth buying triggered by US credit rating and Eurozone’s debt woes, depreciating dollar. Prices of 10-gram gold at local market appreciated by Rs1,114 to set a new historic high of Rs ...

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KSE Ends at 11375, Losing Huge 471 Points

KSE Ends at 11375, Losing Huge 471 Points

Saturday, August 6, 2011 7:16

Karachi Stock Exchange (KSE) Friday hit by the storming global slump coupled with the local worst law and order situation went reeling down to 14 weeks’ lowest at the end of business. The market opening with heavy clouds ...

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Gold Hits Record on Global Growth

Gold Hits Record on Global Growth

Thursday, August 4, 2011 6:15

Gold hit a record high on Wednesday, as investors made a beeline for bullion to shelter from the impact of a deteriorating global economic outlook and Europe's worsening debt crisis. Spot gold rose to an all-time high of $1,671.39 an ...

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