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The foreign exchange market ( forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Pakistan Stock Exchange Limited. / 24.847417°N 66.998306°E / 24.847417; 66.998306. The Pakistan Stock Exchange ( PSX) ( Urdu: پاکستان اسٹاک ایکسچینج ), founded as Karachi Stock Exchange ( KSE ), is a stock exchange in Pakistan with trading floor on I. I. Chundrigar Road in Karachi. [ 4][ 5] PSX was classified by ...
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
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 ...
Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies. As the exchange rate of a country's currency falls, exports become more competitive in other ...
Pakistan's exports for the year 2015-2016 stood at US$21 Billion and imports were at US$44.76 billion for the same period. [ 5] Pakistan's exports increased more than 100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007–2008. [ 6][ 7] Pakistan exports rice, kinnows, mangoes, furniture, cotton fiber, cement, tiles ...
The KSE-100 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. [ 1] In determining representative companies to compute the index on, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market ...
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 ...