Business

Need a 'tight' monetary policy, says Miftah after IMF talks

Need a 'tight' monetary policy, says Miftah after IMF talks

Finance Minister Miftah Ismail said on Thursday that "we would need to have a tight monetary policy and consolidate our fiscal position" after he returned from Doha following the conclusion of the latest week-long round of talks with the International Monetary Fund.

Dollar climb continues, rises to Rs200.50 in interbank trade

Dollar climb continues, rises to Rs200.50 in interbank trade

The US dollar, which had closed at a historic high of Rs200 on Thursday, extended its gains against the rupee for the 11th consecutive session today (Friday) after it gained another 50 paisa in interbank trading, even as the government moved to ban imports in a bid to arrest the rupee's slide.

Meteoric dollar shatters all records, closes at Rs200

Meteoric dollar shatters all records, closes at Rs200

The US dollar reached the startling milestone of Rs200 when trading closed on Thursday afternoon, gaining Re1.00 from the previous day's close of Rs199, data by the Forex Association of Pakistan (FAP) showed.