The price of 1 USD to PKR buying is Rs140.50 and selling of US Dollar is Rs141.50. British Pound (GBP) to PKR buying is Rs184.00 and selling is Rs185.00. Euro to PKR buying is Rs157.00 and selling is Rs158.00.
All Content © Pound Sterling Live 2019. The news and information contained on this site is by no means investment advice. We intend to merely bring together and collate the latest views and news pertaining to the currency markets – subsequent decision making is done so independently of this website. All quoted exchange rates are indicative. We cannot guarantee 100% accuracy owing to the highly volatile and liquid nature of this market.
The trailer for ‘High Seas’ came out on May 5 and don’t let its beginning note of a journey like the 1997 superhit ‘Titanic’ fool you. The trailer talks about the passengers assuming this was going to be their happiest of journeys ever, is a clear reminder of the tale about the fortunate ship that crashed into an iceberg and sank on its very maiden voyage; quite similarly, even though there’s no iceberg to crush the passengers, there’s a mysterious murder on the ship that crushes the rest of their happiness on the journey as the trailer starts busing characters as darker than they are letting on, and shows Kortajarena’s officer onboard to be a bit too much of a helping hand to be trusted in these times. With thrill and suspense rife in the video, it sure does make for a captivating watch — one that will only make viewers more interested in figuring who’s the murderer on the ship!
All season, Unai Emery has been speaking of Arsenal having two avenues into Europe’s premier competition. One of those has now been comprehensively closed off by a roadblock largely of Arsenal’s own creation. Three defeats and a draw in their last four Premier League matches is not the form of a side which deserves a place in the top four, and the needless penalty they conceded here was symptomatic of their recent defensive problems.
The ICE Dollar Index, which measures the dollar against a basket of six other currencies, stands just below its highest level since May 2017. The measure is up more than 5% over the last 12 months, boosted by comparatively high U.S. interest rates and expectations the U.S. will outperform other economies. Higher rates make the greenback more attractive…
“First-quarter UK growth will be lifted pretty substantially by preparations firms made for a possible ‘no deal’ Brexit. There’s little doubt that companies ramped up stockbuilding activity – the levels of the PMI inventory component seen in the first-quarter were unprecedented, not just for the UK, but for all of G7,” wrote chief international economist, James Knightley, adding ” Like the Bank of England, we expect a 0.5% quarterly growth figure, helped along by some better retail spending figures, although the warehousing issue suggests the risks (if anything) lie to the downside.”
For example, if the 1-year interest rate in the US is 2 percent and that in India is 6 percent, the USD would trade at a 4 percent premium against the Rupee i.e. if USD/INR spot rate is 70, the 1-year forward rate would be 72.80. (Rs 2.80 is the interest on 70 INR placed at 4 percent for 1-year). 72.80 is referred to as the no-arbitrage forward price. If the 1-year forward trades at any rate other than 72.80, it would present an arbitrage opportunity.
Please turn with me now to Slide 11 for a closer look at the sales and profit growth in Q1. The growth in first quarter sales and adjusted EBITDA compared to last year is ascribed to 4 key factors: First, organic growth added $106 million in sales from the continued conversion of our backlog as well as modest increases in end-market demand. This was partially offset by a $95 million headwind due to the overlap of the Jeep Wrangler programs last year that did not recur this year. This net organic growth delivered an incremental $13 million of profit, contributing 60 basis points in margin expansion. Second, inorganic growth from the 2 businesses we acquired from the Oerlikon Group, Graziano and Fairfield, contributed $75 million in sales and $12 million in additional profit for the 1 month they’ve included in our results, yielding 15 basis points of margin expansion. Third, foreign currency was a headwind in the quarter, lowering sales by $78 million and adjusted EBITDA by $8 million due to translation of international results at currency rates as the euro, the Brazilian real and the South African rand continued to weaken against the U.S. dollar. However, the impact to margin was negligible.
Stories resonating with MarketWatch readers this week include a look at simple annuities, which is a relatively straightforward way to generate guaranteed income in retirement — with certain considerations and caveats. Plus Berkshire Hathaway’s annual shareholder meeting this weekend is always an anticipated event, but Warren Buffett isn’t necessarily the main attraction. Also, read about why investors shouldn’t get too complacent about low inflation, and why Americans’ living standards are better than ever.
Sure. So on P&C Re, I mean again to confirm, we think the increases that we were able to see in Japan were strong, as you gathered by subtraction. Rates and other parts of the renewal did not go up particularly. But I think what we found is in most — well, not most, in fact in all cases where we wrote the business, we found the rates to be adequate for us. Again, we’ll see important renewals in the U.S. during the summer, in June and July, and there the continuing impact of the California wildfires in particular. We expect to support Reinsurance rates on a going-forward basis. The other thing I might mention because I’ve said it before, Hurricane Michael may not have been a big dollar loss compared to the 3 hurricanes the previous year. But in terms of the nature of the hurricane, you probably saw that it was recently upgraded to a level 5 storm. The industry got lucky by where Michael hit in the Southeast on the Panhandle, Florida. And I think anybody that’s operating in the U.S. property market appreciates that the violence of that storm is not to be forgotten. So we remain somewhat optimistic about renewal rates in the summer in the U.S.