February 22, 2025
Business

Against the dollar, the Pakistani Rupee is still rising

KARACHI: During intraday trade on Friday in the interbank market, the Pakistani rupee strengthened against the US dollar for the sixth session in a row. In the course of the day’s trading, the rupee gained 2.15 percent versus the dollar and closed at 224, down from Thursday’s finish of 226.15. The currency appreciated significantly Tuesday, […]

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Business

For the fourth day in a row, the dollar is down against the rupee

KARACHI: As Pakistan’s import pressure decreased in July, the US dollar lost ground versus the rupee for the fourth session in a row during intraday activity on the interbank market. The dollar dropped Rs0.38 during Wednesday’s intraday session, trading at Rs238 to the rupee, down from 238.38 at Tuesday’s interbank close. The rupee, one of […]

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Business

Rupee appreciates against dollar after the government released the strategy for FY2023

KARACHI: After the Finance Ministry and State Bank of Pakistan (SBP) provided a blueprint for the current fiscal year to solve the economic crisis affecting the country, the rupee made a significant rebound versus the US dollar during intraday trade. The local currency increased by 4.50 on the open market and decreased to 243.50 per […]

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