ANKARA: Turkey’s central bank said the real effective exchange rate of the lira, which the bank is monitoring to avoid excessive volatility, fell to 104.05 in March from a revised 105.44 in February.
The rate measures the weighted average of domestic prices relative to those of Turkey’s trading partners. The bank said it had changed the way it calculates the real effective rate from this month because of higher foreign trade volumes and a diversification in Turkey’s trading partners.
ISLAMABAD: Pakistan has signed a Material Transfer Agreement (MTA) with China's Royal Group to export buffalo genetic material, opening a...
ISLAMABAD: Pakistan's trade with five Central Asian countries came under pressure in the first 10 months of FY2025-26 following the...
ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has expressed serious legal and procedural concerns regarding the Fixed Tax Scheme (FTS)...
LAHORE: The Lahore High Court on Wednesday turned down a request to suspend the impugned notifications about agricultural tax and...
