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The US dollar soared to a record high against the Chinese yuan. “For the moment it looks like the dollar is the only winner,” said Chris Beauchamp, chief market analyst at IG, an online ...
Pakistani Americans have brought Pakistani cuisine to the United States, and Pakistani cuisine has been established as one of the most popular cuisines in the country with hundreds of Pakistani restaurants in each major city and several similar eateries in smaller cities and towns. There are many Pakistani markets and stores in the United States.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
Tensions have been elevated since a suicide car bombing by Pakistan-based militants in India-controlled Kashmir killed at least 40 Indian paramilitary police on Feb. 14. "Markets will remain ...
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
Iranian and Pakistani leaders vowed to strengthen economic and security cooperation in a meeting on Monday, as the two countries seek to smooth over a diplomatic rift. Iran’s President Ebrahim ...
Securities and Exchange Commission of Pakistan was founded in 1999 with the aim to reform the capital markets. [12] Khalid Mirza was appointed as SECP Chairman in March 2000. [13] Upon taking office, Mirza found the Karachi Stock Exchange characterized by extensive market manipulation and unethical practices. [13]