Announcement by Dubai Gold & Commodities Exchange comes on the heels of surging interest in its currency contracts
Pakistan Rupees
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Banking & Finance
Video: How far will Indian and Pakistan rupees fall?
The past 14 days of trading saw the greatest sell-off in global financial markets since February 2018. The week also saw US treasury yields rise to their highest level since 2011, President Trump unleash his wrath on the Federal Reserve over US interest rate policy once again, and an IMF downgrade to global growth for the first time in two years.
Banking & Finance
UAE bank adds Pakistan to ‘remit in 60 seconds’ service
Emirates Islamic says that its 60 second online fund transfer service QuickRemit is now available for remittances to Pakistan
foreign currency reserves
Pakistan’s central bank devalues rupee as finances wobble before election
The Pakistan rupee is the worst performer in Asia this year, according to a basket of 13 currencies