Tag Archives: weak rupee

KARACHI: The decrease in auto prices announced with much fanfare in the second week of July following a cut in duties and taxes in the federal budget barely lasted four months, with assemblers hiking up prices sharply in recent days. Back in July, auto assemblers had slashed prices by Rs62,000-400,000 on various locally-assembled cars and SUVs. However, since the beginning …

KARACHI: The massive rupee devaluation amid the highest-ever freight charges have substantially increased the landed cost of raw materials causing supply chain disruptions, hurting industrial production and turning finished goods more expensive. The rupee-dollar exchange rate that had attained stability at Rs152-153 in May from an all-time high of Rs168.40 in August 2020 has now again risen to Rs167 in …

KARACHI: Stock market remained subdued on the first trading day after a three-day holiday. With the weekend ahead and nothing to cheer, investors thought it wiser to wait until the market opens next week. The KSE-100 index remained range-bound, moving between the intraday high and low by 73 and 187 points before finishing off Friday’s second session at a loss …