Tag: currency exchange rates
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Govt expected to slash petrol prices for second half of January
In a move aimed at providing relief to consumers, the government is expected to reduce petrol prices by more than Rs5 per litre for the second half of January.
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Govt expected to hike petrol price on Thursday
In the final fortnight of November 2023, the per litre price of petrol in Pakistan is projected to experience an increase of Rs3.18, while high-speed diesel (HSD) is anticipated to undergo a reduction of Rs8.30 per litre on Thursday, November 16.
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Petrol price may drop by Rs41 per litre: AHL
Petroleum prices may decrease in the upcoming announcement due to a significant drop in global oil prices and the strengthening of the Pakistani rupee against the US dollar, according to Arif Habib Limited (AHL), a brokerage house.
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Google’s technical glitch causes panic with incorrect US dollar rate of Rs186 instead of Rs286
Late Tuesday night, a technical malfunction on Google Search caused a momentary panic among investors and observers as the value of the US dollar plunged in comparison to the Pakistani rupee. The unexpected drop to Rs186.73 bewildered many, especially considering that the local currency hadn’t experienced a significant rebound recently.
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Exchange companies suggest higher US dollar rate to increase remittances
The government has been advised by the Exchange Companies Association of Pakistan (ECAP) to “set” the dollar rate to lessen currency market volatility as the country fights a severe economic crisis and declining foreign exchange reserves. The general secretary of ECAP Zafar Paracha said in a statement on Monday, “It is advised to fix the…