US adds India to monitoring list of currency manipulators

WASHINGTON: The US Treasury labeled Switzerland and Vietnam as currency manipulators and added three new names including India to a watch list of countries suspected of taking measures to devalue their currencies against the dollar. The move by the departing

Woman arrested for shopping with fake currency notes

KARACHI: A woman was arrested on Tuesday on suspicion of shopping with counterfeit currency notes. The woman, identified as Masmat Mukhtaran, was arrested from Ibrahim Hyderi area. She was shopping at a market near Korangi Crossing with the fake notes.

Rupee appreciates as US dollar trades at Rs158.30

KARACHI: Pakistani Rupee continued to gain value against US Dollar in the interbank market, adding another 19 paisas on Thursday. The currency reached its day’s high of Rs158.47 against the greenback and slipped to Rs158.20 in interbank trading. The currency

Pakistani rupee among Asia’s top three best performing currencies

ISLAMABAD: Pakistani rupee has become Asia’s third best performing currency after reaching six and a half month high of 158.9 against the US dollar. The rupee closed at 159.09 in the inter-bank market, appreciating 18 paisas against the dollar during

Coronavirus can last 28 days on glass, currency: Study

MELBOURNE: COVID-19 can survive on banknotes, glass and stainless steel for up to 28 days, Australian researchers said, highlighting the need for cleaning and handwashing to combat the virus. The findings from the study conducted by Australia’s national science agency,

Moody’s raises Pakistan’s economic outlook to stable

NEW YORK: Moody’s Investors Service also known as Moody’s has stated that the outlook of Pakistan’s currency has to stable from being negative. Such developments reduce external vulnerability risks, although foreign exchange reserve buffers remain low and will take time