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Foreign exchange date conventions. The Foreign exchange Options date convention is the timeframe between a currency options trade on the foreign exchange market and when the two parties will exchange the currencies to settle the option. The number of days will depend on the option agreement, the currency pair and the banking hours of the ...
Open market operation. In macroeconomics, an open market operation ( OMO) is an activity by a central bank to exchange liquidity in its currency with a bank or a group of banks. The central bank can either transact government bonds and other financial assets in the open market or enter into a repurchase agreement or secured lending transaction ...
Pakistan holidays are celebrated according to the Islamic or local Pakistani calendars for religious and civil purposes, respectively. Religious holidays such as Eid are celebrated according to the Islamic calendar whereas other national holidays such as International Workers' Day, [1] Pakistan Day, and Quaid-i-Azam Day are celebrated according to the Gregorian calendar.
The Pakistan rupee, which plumbed record lows on Sept. 5, recovered to below 300 per U.S. dollar on the open market earlier this week, rallying more than 10% from levels prevailing before the ...
Public markets across Pakistan stayed closed on Saturday due to a strike by retail associations over rising electricity prices and brisk inflation, as the country embarks on a tricky path to ...
When the United Kingdom, for example, passed the Gold Standard Act of 1925, thereby returning Britain to the gold standard, the critical decision was made to set the new price of the Pound Sterling at parity with the pre-war price even though the pound was then trading on the foreign exchange market at a much lower price.
The Trading Corporation of Pakistan (TCP) ( Urdu: مشارکتِ پاکستان برائے امورِ تجارت) is a Pakistani state-owned commodity trading company, mainly responsible for export and import of commodities. It also issues tenders for export and import of agricultural products. TCP has its offices across various cities of the ...
ISE 10 Index. ISE Network Index. Website. www.ise.com.pk. ISE Towers in Islamabad. The Islamabad Stock Exchange ( Urdu: اسلام آباد بورس or PSX-ISE) was a stock exchange located in Islamabad, Capital Territory, Pakistan. [1] In 2016, it merged with the Pakistan Stock Exchange. [2] [3]