December 2, 2022
Business

The rupee keeps winning versus the dollar

In the interbank market on Tuesday, the Pakistani rupee achieved a strong comeback versus the US dollar, leading to gains on the second working day of the week. Details indicate that as compared to the dollar, which was trading at roughly Rs220.5, the local currency increased by 39 paisa. Data from Pakistan’s central bank show […]

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Business

Dollar keeps gaining while facing PKR

KARACHI: Following a recent increase, the US dollar is gaining ground against the Pakistani rupee on Friday. Details indicate that the value of the local currency decreased by 10 paisa in relation to the US dollar, which is currently trading at Rs 221.5. As you may remember, the dollar’s value grew somewhat at the end […]

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Business

The PKR continues to depreciate against the dollar, losing Rs. 1.12 in interbank

The rupee, which has been losing value for more than a week, lost Rs1.12 to the dollar in Friday’s opening interbank trade. The Forex Association of Pakistan reports that at 12:33 PM, the PKR was trading at Rs237 per USD (FAP).This represents a decrease of 0.47 percent from yesterday’s close of Rs235.88. The increased import […]

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Business

The rupee weakens versus the dollar for the tenth session in a row

In addition to the loans that were anticipated from international and bilateral institutions, the Pakistani rupee resumed its downward trend on Thursday, falling against the dollar for the tenth straight day. The rupee lost Rs1.68 in intraday activity on the interbank market, falling to Rs236 from its previous close of Rs234.32 against the dollar. Following […]

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Business

The Pakistani rupee falls for the ninth session in a row

KARACHI: Due to the dire economic scenario brought on by historic flooding around the nation, the Pakistani rupee extended its downward trend against the dollar for the ninth session in a row on Wednesday. According to information provided by the State Bank of Pakistan, the local currency decreased 2.40 Pakistani rupee to settle at Rs234.32 […]

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Business

Rupee’s losing streak versus the dollar continues

As the tremendous destruction brought on by the floods continues to deepen the nation’s economic situation, the Pakistani rupee’s losing trend versus the US dollar continued on Monday as the new business week got underway.As of 12:30 p.m., the local currency had lost Rs0.82 and was trading at Rs229 against the US dollar in intraday […]

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Sci & Tech

Bitcoin surpasses $20,000 as the US dollar declines

On Friday, as the US dollar fell broadly and markets had reasons to be happy at the end of a gloomy week, bitcoin stormed through the $20,000 mark and was looking at its greatest day in six weeks.By market value, Bitcoin, the most valuable cryptocurrency, increased by more than 7% to $20,796. This is a […]

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Business

Rupee continues to be under pressure as the dollar gains ground

KARACHI: The demand and supply conditions for the dollar fluctuated on Tuesday, putting more pressure on the Pakistani rupee, which fell against the dollar in the interbank market.The local currency was trading at 221.60, up from yesterday’s finish of 219.86, after losing 1.74 points against the dollar during intraday activity in the interbank market. Dealers […]

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Business

In the tenth consecutive session, the rupee gains ground against the dollar

KARACHI: The Pakistani rupee strengthened against the US dollar for the tenth consecutive working day on Monday in the interbank market. The rupee gained another Rs2.49 after more than a week of gains, with the dollar trading at Rs213 after a depreciation during intraday activity in the interbank market at 10:50am. In the interbank market […]

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Business

Rupee advances against the dollar for the seventh session in a row

KARACHI: Wednesday’s intraday activity in the interbank market saw the Pakistani rupee strengthening versus the US dollar for the seventh session in a row. Due to Ashura, the market was closed on Monday and Tuesday. However, when it reopened today (Wednesday), the rupee had increased by 2.51 versus the dollar and was trading at 221.49 […]

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