Hamza Shah

Pakistani Rupee to Saudi Riyal – PKR to SAR on March 03, 2023

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on March 03, 2023:

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March 3, 2023

Yarn merchants term policy rate hike as disastrous

KARACHI: Pakistan Yarn Merchants Association (PYMA) on Thursday termed the significant three per cent hike in policy rate to 20 per cent as disastrous for industries, especially the SMEs.

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March 3, 2023

SITE Association terms 20% policy rate as interest bomb

KARACHI: SITE Association of Industry has termed the massive hike in key policy rate to 20 per cent as interest bomb, making it impossible for businesses to borrow money.

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March 3, 2023

Investors to prefer keep money in banks amid high policy rate: KATI

KARACHI: The rise in policy rate to 20 per cent, the State Bank of Pakistan (SBP) has provided investors opportunity to keep money in banks instead making investment in industry.

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March 3, 2023

Rupee devaluation will make inflation genie uncontrollable: KCCI

KARACHI: Massive devaluation of Pakistani Rupee will make inflation genie uncontrollable, said Mohammed Tariq Yousuf, President, Karachi Chamber of Commerce and Industry (KCCI) on Thursday.

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March 3, 2023

Boycott results fall in steel prices: ABAD

KARACHI: Association of Builders and Developers of Pakistan (ABAD)’s boycott of steel purchase has brought positive result as steel manufacturers have brought down prices of steel to Rs271,000 from Rs345,000 per ton.

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March 2, 2023