November 29, 2022
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

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% […]

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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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Business

Sri Lanka has an IMF agreement and is currently courting China and India

The IMF rescue package for Sri Lanka could mark the end of the country’s biggest economic crisis, but much of the hard work still needs to be done due to the country’s unstable political situation and the need to secure debt relief from rivalling countries China, India, and Japan. President Ranil Wickremesinghe is aware that […]

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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

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 […]

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PAKISTAN

Taimur Jhagra has requested KP’s right; do not dare silence him. By Asad Umar

Asad Umar, the secretary general of the PTI, supported the Khyber Pakhtunkhwa minister of finance Taimur Jhagra on Saturday. Jhagra had come under fire for refusing to comply with an important International Monetary Fund (IMF) condition.After Jhagra wrote to Finance Minister Miftah Ismail the previous day, stating that it would be “near to impossible” for […]

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PAKISTAN

Nothing less than the Kashmiris’ wishes should be followed in resolving the conflict, according to PM Shehbaz

On Friday, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s strong commitment to regional peace but added that “nothing less would suffice” in order to achieve long-term peace in South Asia, which was linked to resolving the Jammu and Kashmir issue in accordance with UN resolutions and Kashmiris‘ wishes. He told a group of American students at […]

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Business

Pakistani rupee exchange rate as of August 17, 2022

The US dollar gained ground against the Pakistani rupee on Wednesday, reversing a nearly week-long downward trend for the greenback after Nawaz Sharif and other top unity government officials criticised Finance Minister Miftah Ismail for increasing the cost of gasoline in the nation. While banks are selling it for Rs 214.50, the dollar climbed by […]

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