KARACHI, May 22(ABC): Amid rising political temperatures in the country and lack of an economic roadmap by the government, the rupee is expected to remain under pressure next week, forecast traders.
The local unit closed at a historic low of 200.14 to the dollar on Friday. The local unit lost 5.96 rupees or 3% against the dollar during the outgoing week.
Most traders see sustained pressure on the rupee next week on the government’s reluctance to eliminate energy subsidies.
Islamabad, Nov. 13 (INP): In a major boost for Gwadar Free Zone, an agreement has been ink…
Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.
