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Rates of exchange 31 Dec 2009

	1 EUR = 120.915	PKR
	1 USD = 84.238	PKR
	1 GBP = 133.727	PKR
	1 JPY = 0.914	PKR

Currency converter

	RUBRIC NEWS : "ECONOMY"

Pakistan economy still vulnerable: IMF : The International Monetary Fund (IMF) has said that Pakistan’s vulnerabilities remain high due to low revenue collection, large energy subsidies and weak private sector credit. The Executive Board of the IMF completed the third review of Pakistan’s economic performance under a programme supported by the Stand-By Arrangement (SBA). ...
28 Dec 2009 20:47

24 Dec 2009 20:12

Pakistan to export 0.43m workers this year: Khursheed Shah : Pakistan has exported 270,000 manpower last year and this year we expect to send 430,000 workers to various countries around the world. Federal Minister for Labour and Manpower Syed Khursheed Ali Shah said this while speaking at the ‘National HR Conference’ organised by Employers’ Federation of Pakistan (EFP) in ...

New Investment Policy 2010-15 : The National Assembly’s Standing Committee on Investment was informed on Tuesday that the new investment policy would provide financial security to the foreign and local investors. In this regard, Commercial Arbitration ...
17 Dec 2009 20:37

Rice exporters get 20pc less prices than competitors : Pakistan’s rice is fetching 20 per cent low prices compared to its competitors in the world market due to unsatisfactory quality, seed adulteration and lack of exporter will. Though the local market has improved and farmers are getting more than the support price of paddy, international prices for Pakistan’s rice are well below those of competitors. ...
17 Dec 2009 20:35

Foreign investment falls 25.6 per cent : Net foreign investment in Pakistan fell 25.6 per cent to $1.08 billion in the first five months of the 2009/10 fiscal year compared with $1.45 billion in the same period a year earlier, the central bank said on ...
17 Dec 2009 20:34

11 Dec 2009 20:51

CPI inflation rises 10.5 per cent : Cost of living in Pakistan is once again on the rise as an increase in food, house rent and education expenses have driven monthly inflation (general price level) to 10.51 per cent in November this year. ...

Forex reserves decline to $13.572 billion : Pakistan’s foreign exchange reserves declined to $13.572 billion during the week that ended on December 5, as compared to $13.72 billion the previous week, the State Bank of Pakistan said on Thursday. ...
11 Dec 2009 20:51

09 Dec 2009 20:29

E-payments grow to Rs 3.9trn in 2009-10 fiscal year : Electronic payments continued to show a rising trend as both the number and value of such transactions increased in the first quarter (July-September) of 2009-10 fiscal year (FY10). According to State Bank’s First Quarterly Report on Retail e-payments and Paper Based Instruments released today, the volume and value of e-payments transactions in the country during the first ...

Value-added sector protests against yarn export : Protesting against export of yarn, the value added sector has announced that they would either close mills or would go to court after a meeting of the industry to be held in Faisalabad on Tuesday. ...
08 Dec 2009 19:52

Marble exports to cross $62m by end of December : The exports of all kinds of marble products will cross $62 million by the end of December 2009, All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) said Monday. ...
08 Dec 2009 19:45

Stock distribution under BESOS Scheme : In order to implement the Benazir Employees Stock Option Scheme (BESOS) in State Owned Enterprises (SOEs) to extend the benefits to the eligible employees, free of cost for 12 % GoP shares of the privatised or ...
04 Dec 2009 20:30

Pakistan's forex reserves ease to $13.72 bln : Pakistan's foreign exchange reserves fell to $13.72 billion in the week that ended on Nov. 28 from $13.90 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan were $10.14 billion, down from $10.27 billion a week earlier, while those held by commercial banks also fell to $3.58 billion from $3.63 billion the previous ...
03 Dec 2009 20:48

UK announces $83 million in new aid to Pakistan : British Prime Minister Gordon Brown says he is making 50 million pounds ($83 million) in new funding available to Pakistan to help the country pacify its lawless border with Afghanistan. Brown said the money would go into Pakistan's program to help re-establish its control over the chaotic border region, which he has identified as the source of three-quarters of the terrorist plots that ...
03 Dec 2009 20:47

30 Nov 2009 20:42

Inflation fuels Pakistan dissatisfaction with govt : Pakistan's middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for the third of the population that lives below the poverty line but now lower-middle class and professional families find ...

Exports fail to meet target during 4MFY09 : Country’s export fell short of its target in the first four months of current financial year, exposing the inability of the Trade Policy and new export strategy of government to revive the export sector. ...
27 Nov 2009 19:57

Forex reserves decline to $13.901bn : Pakistan’s foreign exchange reserves declined to $13.90 billion in the week that ended on November 21, as compared to $14.12 billion the previous week, the State Bank of Pakistan said on Thursday. Reserves held by the SBP stood at $10.27 billion, down from $10.49 billion a week earlier, while those held by commercial banks were flat at $3.63 billion from the previous week, the statement issued by SBP said. ...
27 Nov 2009 19:56

Pakistan Lowers Interest Rates to Boost War Economy : Pakistan’s central bank cut its benchmark interest rate for a third time this year to aid an economy dragged down by war. State Bank of Pakistan lowered its discount rate to 12.5 percent from 13 percent, according to a statement in Karachi today. The central bank was forecast to reduce borrowing costs by 11 of 12 ...
24 Nov 2009 20:31

Prices of all food items hit new high : With the sighting of the moon of Eid-ul-Azha, food inflation has started gaining new heights, rendering prices of all the essential items dearer and eroding the purchasing power of low and middle income class. ...
20 Nov 2009 20:03

Current account deficit shrinks by 84 percent : The country's current account deficit has shrunk by 84 percent to some one billion dollars in the first four months of current fiscal year mainly due to rising home remittances and sharp decline in trade ...
20 Nov 2009 20:02

Foreign Direct Investment in Pakistan Fell 53.2% in Four Months : Overseas direct investment into Pakistan dropped 53.2 percent in the first four months of the fiscal year that started July 1, the central bank said. Investment in July-October period fell to $621.8 million from $1.33 billion a year ago, according to an e-mailed statement from the Karachi-based State Bank of Pakistan. Global funds ...
18 Nov 2009 19:49

13 Nov 2009 20:44

Pakistan’s Textile Sales Threatened by Terrorism, Mansha Says : Pakistan’s overseas sales of textiles are threatened by growing terror attacks, power outages and poor market access, said Umer Mansha, chief executive officer of Nishat Mills Ltd., the ...

Pakistan’s Trade Gap Narrows 28.4% in October as Imports Fall : Pakistan’s trade deficit narrowed by 28.4 percent in October as imports fell faster than exports. The trade gap narrowed to $1.42 billion in the fourth month of the fiscal year, from $1.98 billion a year ago, according to data posted on the Web site of the Federal Bureau of Statistics ...
12 Nov 2009 20:30

12 Nov 2009 20:27

Pakistan's forex reserves rise to $14.27 bln : Pakistan's foreign exchange reserves rose to $14.27 billion in the week that ended on Nov. 7 from $14.23 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan were $10.70 billion, up from $10.64 billion a week earlier, while those held by commercial banks fell to $3.57 billion from $3.59 billion the previous week, the ...

11 Nov 2009 17:35

Pakistan’s Inflation Slowed to 22-Month Low of 8.87% in October : Pakistan’sinflation slowed to a 22-month low in October, giving the central bank room to cut interest rates further if two reductions earlier this year fail to revive economic growth. ...

Pakistan to Get $380 Million Loan From Saudi Arabia : Pakistan will get a loan of $380 million from Saudi Arabia to help the south Asian country improve its balance of payments, the News newspaper reported, without saying where it got the information. ...
10 Nov 2009 20:39

ISE loses 6.48 points : The Islamabad stock market closed in the negative zone on Thursday as the ISE 10-share index dropped by 6.48 points to close at 2,125.72 points from its previous level of 2,132.20 points. Of the total 155 participant companies, ...
09 Nov 2009 20:30

Pakistan Minister: Confident Of Getting $1.2 Billion IMF Loan : Pakistan is confident of getting a$1.2 billion loan as the next tranche of International Monetary Fund's financial support to the country, Finance Minister Shaukat Tarin said Friday. ...
06 Nov 2009 20:32

Pakistan's forex reserves ease to $14.23 bln : Pakistan's foreign exchange reserves fell to $14.23 billion in the week that ended on Oct. 31 from $14.43 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan were $10.64 billion, down from $10.86 billion a week earlier, while those held by commercial banks rose marginally to $3.59 billion from $3.57 billion the ...
05 Nov 2009 20:25

Pak-Indonesia to sign PTA next year: Sanaullah : Islamabad—Pakistan and Indonesia would sign Preferential Trade Agreement (PTA) early next year to boost economic activities and exploit trade potential between the two countries. “Both the countries ...
03 Nov 2009 20:19

Pakistan’s National Bank Net Declines on Provisions : National Bank of Pakistan, the nation’s biggest lender by assets, said third-quarter profit declined 18 percent after it set aside additional funds to cover bad debts and received lower dividend ...
02 Nov 2009 19:49

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Pakistan economy still vulnerable: IMF
28 Dec 2009

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