IMF expects dollar price to improve

The lender will improve its hypothesis on average dollar and Pakistan will probably ask ICF for breaching the condition of interbank and open market currency differences. According to highly ranked informants, the IMF now assumes it will cost only slightly above Rs 300 per dollar compared with it projected cost of $ 305.2 in July. … Read more

gold drops below $2,000 as dollar gains, US yields pare losses

 The dollar’s rise causes gold to plummet under $2.000 as US yields claw back from earlier declines. On Wednesday, gold prices dropped below psychological $2,000 per Troy once as the greenback recovered strength and the gains of long-term treasuries faded, though Fed’s softening signals restrained gold’s retreat. Spot gold was down 0.4% at $1,991.16 per … Read more

cipher case: the bail plea by Imran

Cipher Case: The bail plea by Imran is indefinitely put off until Supreme Court. The Supreme Court of Pakistan allows Imran’s appeal, asks the federation and FIA for their submissions. On Wednesday, the supreme court adjourned PTI chairman Imran Khan’s bail application indefinitely. Today, a three-judge Supreme Court bench including Judge Justice Sardar Tariq Masood, … Read more