The
dollar price recorded EGP 16.52 for buying and EGP 16.61 for selling at the Abu Dhabi Islamic Bank.
If the
dollar price is lower, other currencies yield higher profits whereas if banks review their basket of currencies at higher rates, they may get lower profits or losses.
The LCCI President said that surge in
dollar price will badly affect manufacturing sector as raw material price and cost of doing business will go up.
The service provider had made the agreement in dollar terms, so with the hike in
dollar price, the charges went up too, said spokesman of Civil Aviation Authority an official at IIA.
Adviser to the Sindh Chief Minister on Information, Barrister Murtaza Wahab, on Wednesday strongly criticised the latest hike in
dollar price. Murtaza Wahab said that the dollar was available at Rs158 on Wednesday morning but it reached to Rs164 at the end of day.
The LCCI president said that the surge in
dollar price would badly affect the manufacturing sector, as the price of raw material and cost of doing business would go up.
They also said that the oscillation in
dollar price during the session was due to uncertainty in the market.
LAHORE -- Compressed Natural Gas (CNG) dealers in Punjab announced on Saturday that they would increase the fuel price by up to Rs3 per kilogramme, citing an increase in
dollar price as the reason behind the decision.
LCCI President Almas Hyder said that surge in
dollar price would badly affect manufacturing sector as raw material price and cost of doing business would go up.
The official US
dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching EGP 17.2 for buying and EGP 17.32 for selling, compared to EGP 17.25 for buying and EGP 17.38 for selling on Tuesday.
dollar price on Wednesday hit an all-time high on the black market as the Sudanese pound declined to 86,00 per dollar.
Increase in
Dollar price fueled all orted commodities price like edible oil, pulses, mobile phones, motorcycles, cars, petroleum products ext.
