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PKR gains by Rs2 against US dollar in interbank after IMF loan approval - Business

Dollar trading at Rs275.10; analyst says rupee moving toward "fair value" after IMF deal.

Saudi arabiaUnited arab emiratesShehbaz sharifInternational monetary fundExchange companies association of pakistan ecapBoard of the international monetary fundExchange companies associationMettis globalStandby arrangementSpecial drawing rightsExecutive boardStand by arrangementState bankPrime minister shehbaz sharif

Authorised dealers allowed to buy dollars from interbank for international card transactions

In what has been termed a welcome move, the State Bank of Pakistan has allowed authorised dealers to purchase dollars from the interbank market to settle card-based cross-border transactions.

Zafar parachaInternational payment schemesExchange companies association of pakistan ecapState bankCompanies associationGeneral secretary zafar paracha

SBP allows dealers to buy dollars from interbank market for international card transactions

Decision applicable with immediate effect and will remain in place till July 31, 2023

Zafar parachaExchange companies association of pakistan ecapInternational payment schemesTurkey septemberState bankCompanies associationGeneral secretary zafar paracha

PKR weakens by Rs2 in interbank on IMF uncertainty - Business

Analyst says confidence is "so low that not even a dollar has been invested in bonds or treasury bills".

Saudi arabiaIshaq darKomal mansoorShehbaz sharifInternational monetary fundExchange companies association of pakistan ecapExchange companies associationMettis globalMinister shehbaz sharifFinance minister ishaq darStrategy komal mansoor

PKR jumps Rs3 46 in interbank in anticipation of IMF agreement - Business

Analyst says market expects staff-level agreement with IMF to be signed by week's end.

Ishaq darKomal mansoorInternational monetary fundExchange companies association of pakistan ecapChina ltdExchange companies associationStrategy komal mansoorCommercial bankState bankFinance minister ishaq dar

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