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Weekly currency update: Pakistani rupee may face pressure next week


Weekly currency update: Pakistani rupee may face pressure next week
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Forex traders expect rupee to remain stable for now.
The rupee fell 0.20% to close at 153.45 to the dollar this week.
The rupee fluctuated several times between the week’s high and low of 153.20-154.55 against the dollar in the interbank market.
A foreign exchange trader opined that the demand from general importers and the firms wishing to fulfill orders and make payments before the Eid holidays will weigh on the local unit,
The rupee fell 0.20% to close at 153.45 to the dollar this week.
The rupee fluctuated several times between the week’s high and low of 153.20-154.55 against the dollar in the interbank market. ....

State Bank , Special Convertible Rupee Account , நிலை வங்கி , சிறப்பு மாற்றத்தக்கது ரூபாய் எண்ணுதல் ,

Rupee may face pressure


Rupee may face pressure
May 2, 2021
KARACHI: The rupee is expected to face downside pressure over the next week due to the increasing dollar demand from importers and corporates ahead of the Eid-ul-Fitr holidays, traders said on Saturday.
“The demand from general importers and the firms wishing to fulfill orders and make payments before the Eid holidays force them to rush to the market, weighing on the local unit, a foreign exchange trader said.
However, the inflows from remittances are likely to help the local currency stabilise in the sessions ahead, he added.
Overseas Pakistanis send home large amounts of their savings in the holy month of Ramazan to support their families for Eid spending and Zakat donations. ....

State Bank , Special Convertible Rupee Account , நிலை வங்கி , சிறப்பு மாற்றத்தக்கது ரூபாய் எண்ணுதல் ,

How to Invest in the Pakistan Stock Exchange


How to Invest in the Pakistan Stock Exchange
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The Pakistan Stock Exchange (PSX), formerly known as the Karachi Stock Exchange, was created when exchanges in Karachi, Lahore and Islamabad were merged by the Pakistan government. The PSX is now the only stock exchange in Pakistan. With 546 companies listed, the exchange has a total market capitalization of approximately $50 billion. Investing overseas can enhance your investment portfolio, but before you take such a step consider working with a financial advisor who’s familiar with global exchanges.
PSX History
The Karachi Stock Exchange began operations in 1947 as the first stock exchange in Pakistan. In 1970 the Lahore exchange was established and in 1989 another exchange began in Islamabad. In 2016 the two newer exchanges were merged into the Karachi Stock Exchange and the entity was renamed the Pakistan Stock Exchange. Despite the name change, the major index tracking Pakistani stocks is still called the ....

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Pakistan Is Now Fully Committed to Supporting Fintech Startups, Also Updates Foreign Equity Investment Policy


Pakistan Is Now Fully Committed to Supporting Fintech Startups, Also Updates Foreign Equity Investment Policy
Arshad Mehmood Bhatti, Director, Exchange Policy Department at the
State Bank of Pakistan (SBP), the nation’s central bank, has noted that the SBP has updated its Foreign Exchange Manual in order to facilitate local startups and Fintech firms in the country.
The manual was also updated to improve the process of handling exports from Pakistan and also to help with modernizing the foreign exchange regulations in the Asian country that’s home to around 220 million residents.
Bhatti confirmed the following updates:
“The changes include revised Equity Investment Abroad Policy, which facilitates (a) start-ups / Fintechs to establish holdco abroad to channelize investment in their operating companies, (b) exports through allowing establishment of subsidiary, branch offices, marketing offices etc, (c) acquisition of shares as sweat equity.” ....

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