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| Money & Banking | [1-10 of 15 stories]
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THE RUPEE: all-round fallKARACHI (July 30, 2010): Bearish sentiment was seen on the local currency market on Thursday as the rupee drifted lower versus dollar and euro, dealers said. On the interbank market the rupee continued its overnight weakness versus dollar, losing six paisa for buying at 85.65 and shedding seven paisa at 85.70 for selling, they said.
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No change likely in policy rateKARACHI (July 30, 2010): The State Bank of Pakistan will unveil Monetary Policy Statement (MPS) on Friday (July 29), with expectations of no change in key policy rate owing to persistent inflationary pressure on the economy. The central bank's board of directors will meet at the SBP head office prior to the policy announcement and review the monetary policy for the next two months.
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Banking Court FaisalabadLAHORE (July 30, 2010): The ministry of law and parliamentary affairs has appointed Sessions Judge Suhaib Roomi as judge Banking Court Faisalabad. The Lahore High Court (LHC) has placed his services at the disposal of federal government for his appointment in Banking Court.
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