November 21, 2024
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 […]

Read More
Business

Floods and political unrest are to blame for the rupee ongoing decline versus the dollar

KARACHI: On Tuesday, the Pakistani rupee lost ground against the US dollar for the eighth straight session due to devastation from floods and ongoing political unrest.The local currency shed Rs1.62 from yesterday’s close of Rs229.82, or Rs2.1, to Rs231.92 in the interbank market.Additionally, the rupee decreased versus the dollar last week by Rs9.21, or 4.2% […]

Read More
Business

As the IMF saves Pakistan from default, the rupee appreciates

KARACHI: The much-anticipated bailout programme for Islamabad was renewed by the executive board of the International Monetary Fund (IMF), which caused the Pakistani rupee to appreciate versus the US dollar on Tuesday during intraday trade.In intraday activity on the interbank market, the rupee strengthened by 2.42 percent to 219.50 against the US dollar from Monday’s […]

Read More