Sunday, February 05, 2012

Articles & Finance Updates

Pakistani Rupee Improved Against US. Dollar.

 

An improvement observed in currency market on Wednesday when Pak Rupee stood up after a steep fall as per market figures US Dollar is almost low against every currency in the currency market which helped Pak Rupee to be recovered.
Rupee settled at 85.68 buying and 85.72 selling after an increment of 10 Paisa during the running currency market.
   

Remittance to Pakistan 17% Raised, May Increase More IT Needs Initiatives

Remittances to Pakistan have been increased up to 17% during the first half of current fiscal year.  As per State Bank Of Pakistan Overseas Pakistani’s have sent almost $5.29 billion to Pakistan and the country received almost $765 million increased remittances as compare to the last July to December.

As Per Central Bank this is due to the joint initiative called Pakistan Remittance initiative (PRI). State Bank of Pakistan is facilitating the formal channels of remittances and these channels are showing the remarkable growth in remittances.

   

Governor Salman Taseer Assassinated an other addition to Pakistan's Economy Downfall

Governor Punjab Mr. Salman Taseer have been killed in Islamabad's crowded Kohisaar market by his own gaurd. The news have created a harsh impact into the business community at this point of time when Pakistan is suffering from several damages including political d-stability, natural disasters. Electricity and Gas short fall which is damaging industries of Pakistan.

Governor Salman Taseer was himself a very leading businessman and the owner of very prominent media organizations World Call telecommunications, Daily Time Newspaper and Business Plus TV channel. He had been the minister of industries from 2007 to 2008.

   

Weakened Dollar raised Gold, Silver and Palldium on their Peak

US Dollar is weaken at the end of the year pushing the way to the commodities, Gold seen again on the highest of three weeks on Thursday. Gold on its tenth continues gain this year, Gold yet gained 30% in 2010 same activity in Gold observed in 2007 which was almost 31%.
Silver spiked to highest of 30 years high which is taking from the power of other industrial commodities. Silver hit $30.88 an ounce, before easing to $30.76, up 1 per cent on the day.
Silver is on its 83% gain during 2010 which had never seen is last 30 years. on palladium an other move seen which has taken it to the highest of its nine years peak selling at almost doubled price.
   

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