News & Blogs from Pakistan
Posts tagged Dollar
Asian stocks slump after heavy Wall Street losses
Jun 2nd
HONG KONG: Asian shares tumbled in early trade on Thursday, following heavy losses on Wall Street after another batch of weak data stoked concerns over the state of the global economy.
Tokyo was also weighed by political uncertainty as Prime Minister …
KSE gains 140 points, ends at 12,264
Jun 1st
ISLAMABAD: The Karachi Stock Exchange”s (KSE) benchmark 100-share index ended 1.16 percent, or 140.91 points, higher at 12,264.06 on turnover of 108.84 million shares.
Stocks ended higher on Wednesday amid hopes that the government will announce…
U.S.’ counter-insurgency aid to Pak linked to ‘genuine’ action in war on terror
Jun 1st
WASHINGTON: U.S. House Republicans have unveiled a nearly 650-billion-dollar defence package, which would attach new conditions demanding a better explanation from the Obama administration of the counter-insurgency aid promised to Pakistan. Core Pentag…
WikiLeaks reveals U.S. denied Harpoon missile to Pakistan due to India
Jun 1st
NEW DELHI: While the U.S. cleared billions of dollars’ worth arms sales to Pakistan for the fight against terror, including advanced F 16 fighters, it refused the sale of a crucial advanced missile technology due …
Euro gains further against dollar
Jun 1st
TOKYO: The euro rose further against the dollar in Asia Wednesday, helped by easing concerns over Greece”s debt crisis, dealers said.
The dollar was softer, taking a cue from weak readings on US economic indicators released on Tuesday, including regi…
KSE 100-index ends lower
Jun 1st
KARACHI: The Karachi Stock Exchange”s (KSE) benchmark 100-share index ended 0.42 percent, or 51.08 points, lower at 12,144.51 on turnover of 123.1 million shares.
Stocks ended lower on Tuesday as investors remained cautious ahead of the federal budg…
Asian markets soar, Tokyo lifted by output data
May 31st
HONG KONG: Asian stocks surged on Tuesday, with Tokyo boosted by data showing factory output lifting last month, raising hopes for Japan”s recovery from the March 11 earthquake and tsunami.
The euro was also given a lift by a report that Germany may …
Pakistan, Norway vow to strengthen trade, economic ties
May 31st
Karachi: Pakistan and Norway have agreed, in principle, to further deepen their bilateral trade and economic relations. The two sides agreed that over two billion U.S. dollars investment in Pakistan by Telenor, a Norwegian company, …
Yen drops on Moody”s Japan debt warning
May 31st
TOKYO: The dollar jumped against the yen in Asian trade Tuesday after ratings agency Moody”s said it could lower Japan”s Aa2 government debt rating, dealers said.
The greenback rose to 81.26 yen in Tokyo trade from 80.79 yen in late Monday. The euro…
Oil up in Asia as dollar slips
May 31st
SINGAPORE: Oil rose in Asian trade Tuesday as a weakened dollar spurred investor interest in dollar-priced commodities including crude, analysts said.
New York”s main contract, light sweet crude for July delivery, gained 35 cents to $100.94 a barrel …
