The dollar was being traded at Rs290, according to the Exchange Companies Association of Pakistan. Komal Mansoor, head of strategy at financial services platform Tresmark, credited the appreciation of the rupee to the unchanged interest rate by the State Bank of Pakistan in the recent monetary meeting despite expectations of an increase in interest rate by 200 basis points. She said, “ Significant correction in swaps, especially in the short tenors, has led to premiums declining from 18 per cent

KUALA LUMPUR: SMS scams are on the rise again with Bukit Aman recording 18 cases this year. Federal Commercial Crime Investigation Department( CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said losses from these cases were estimated at just under RM230, 000." The latest tactic involves victims reportedly receiving SMSes from known telcos," he told a press conference at Bukit Aman here on Friday( April 19)." The messages will claim that the victim has rewards points and must claim them befo

KUALA LUMPUR: Higher product prices amid the rising crude oil price should drive stronger earnings for Petronas Chemicals Group Bhd( PetChem) in the current financial year( FY). During the three-month ended June 30, crude oil price rose 13% quarter-on-quarter( q-o-q) while polyethylene rose by only 4% q-o-q, which led to its five-year average discount to naphtha widening to 27%. However, AmInvestment Research( AmInvestment) noted that other products had improved more substantively q-o-q with ben

price upswing of over 130% in less than three months – even outpacing the erratic bitcoin – has added

Buoyed by strong pandemic ‘homeownership’ sentiments, the current upswing in residential housing

.... Russian-Indian relations are on the upswing, as India has sought to maintain good relations with

India’s growth trajectory is poised for a significant upswing following the pandemic, with early

and production companies following an upswing in international oil prices, said Topline Securities

by Michael ShurkinDevelopments in the Sahel are cause for real alarm.... The upswing in terrorist

said the country has seen a substantial upswing in DC investments, underscored by substantial