Pakistani Rupee appreciated by 3.31 rupees (1.98%) against US dollar

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Investments, News

In a situation where the entire world economy is in recession, a good news has emerged today for Pakistani economy on the external front. The Pakistani Rupee appreciated nearly 2% in the inter-bank market and reached Rs. 163.57 on April 17, 2020 against Rs. 166.88 on previous day. The increase in the value of rupees … Read More “Pakistani Rupee appreciated by 3.31 rupees (1.98%) against US dollar” »

State Bank of Pakistan reduced Policy Rate by 200 basis points

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Investments, News

In wake of the Coronavirus Disease (COVID-19) outbreak, the policy makers are on their toes to act on the emerging situation especially on the economic front. In a yet another bid to boost the dwindling economy, the Monetary Policy Committee (MPC) decide to reduce the prevailing policy rate by 200 basis points, bringing the policy … Read More “State Bank of Pakistan reduced Policy Rate by 200 basis points” »