Pakistani rupee appreciated by 13 paisa against the US dollar in the interbank market on Friday to close at Rs 278.55 against the previous day’s closing of Rs 278.68, SBP data showed. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at […]
KARACHI: Pakistan’s foreign exchange reserves, held by the central bank, increased $51 million in a week, helping the rupee partially recover by Rs0.05 in inter-bank market on Thursday. The local currency appreciated to Rs278.68 against the greenback, ending a three-day losing streak. According to the State Bank of Pakistan (SBP) weekly update, the foreign exchange […]
KARACHI: Pakistani currency dropped Rs0.05 and closed at Rs278.73 against the US dollar in the inter-bank market on Wednesday, maintaining its losing streak for the third consecutive day amid conflicting reports about the resumption of smuggling of foreign currencies from Pakistan to neighbouring countries. According to the State Bank of Pakistan (SBP) data, the rupee […]
The Indian rupee (INR) weakened to yet another all-time on Wednesday, hurt by the continued unwinding of carry trades and on dollar demand from local importers. The Indian rupee fell to its record low of 83.9725 to the dollar before closing at 83.9550, its weakest closing level ever. The INR has hit record lows for […]
KARACHI: Pakistani currency depreciated Rs0.05 and closed at Rs278.68 against the US dollar in the inter-bank market on Tuesday, maintaining its downward trend for the second consecutive day amid no updates from the International Monetary Fund (IMF) as to when its executive board would consider a new $7 billion loan programme for Pakistan. Finance Minister […]
ISLAMABAD (APP) – The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, losing 1,141.50 points, a negative change of 1.46 percent, closing at 77,084.49 points against 78,225.98 points on the last working day. A total of 501,191,841 shares were traded during the day as compared to 443,483,358 shares the previous […]
Pakistani rupee on Monday depreciated by 12 paisa against the US dollar in the interbank trading and closed at Rs 278.62 against the previous day’s closing of Rs 278.50. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.3 and […]
ISLAMABAD (APP) – The 100-index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Thursday, losing 146.68 points, a negative change of 0.19 percent, closing at 77,740.31 points against 77,886.99 points on the last working day. A total of 278,986,985 shares were traded during the day as compared to 382,597,400 shares the previous […]
KARACHI: The Pakistani currency hit a four-and-a-half-month low at Rs278.66 against the US dollar in the inter-bank market, continuing its downtrend for the second consecutive working day due to an expected increase in demand for foreign currency following Tuesday’s interest rate cut. According to the State Bank of Pakistan (SBP), the domestic currency shed Rs0.16 […]