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Rupee, Dollar and Gold

  Stable foreign currency exchange rate and foreign currency reserves are one of the critical aspects for Pakistan’s ability to engage in commerce with other countries. Volatility in the exchange rate is increasingly being recognized as a concern for Pakistan’s economy. The Pak rupee has depreciated significantly against the US dollar marking a new risk for Pakistan’s economy. After maintaining a range bound movement from 2009 to 2011, the rupee …

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Back to gold?

  The October 1987 New York stock market crisis and the 2008 financial meltdown were controlled as fast as they came. That was in sharp contrast to the 1929-30 depressions that threw the world markets first into convulsions and then into a prolonged state of agony. The keyword separating the two sets of — pre and post World War II — financial crises was “liquidity.” The abolition of fractional reserve …

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Future growth in gold

  Investors left with no option but to swap major currency for lucrative asset class like gold It is predicted that future growth will be evidenced in gold. The global economy in future may not based on the gold standard, but the recognized value of gold as the basis for real value — whether acknowledged by central banks or not — will never change. Historically, many civilizations have recognized the …

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All that glitters is sometimes actually just gold

  Gold prices spiked up and peaked at $ 1,900 per ounce in 2011 primarily as a result of the anxiety of anticipated runaway inflation following the massive QE (Quantitative Easing) program unleashed primarily by the Federal Reserve Bank of the US as well as other Central Bankers. This was the zenith of a bull run that started 10 years earlier and capped a mouth-watering return of almost 650% over …

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PMEX’s ‘milli tola gold’ – little investment big savings

  Pakistan Mercantile Exchange Limited (PMEX) is Pakistan’s first demutualized and the only multi-commodity futures exchange, which is licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP). Its stakeholders include leading financial institutions and stock exchanges of Pakistan. The Exchange offers a diverse range of domestic and international commodities and financial futures. Its infrastructure is based on sophisticated and state-of-the-art technology comparable to similar exchanges around the …

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