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

Against the US dollar, the rupee resumes its winning streak

KARACHI: With respect to the US dollar in interbank trading, the Pakistani rupee has once more resumed its winning streak. The dollar has dropped 41 paisa against the Pakistani rupee on the second day of trading. As of the current day, the dollar is trading at Rs220 in the interbank market after depreciating by 41 […]

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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

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

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

Bulls push the KSE-100 index above 43,000 on optimistic cues

KARACHI: Stocks rose on Monday as a result of Saudi Arabia’s plans to renew its $3 billion deposit with Pakistan and renewed optimism for the International Monetary Fund (IMF) programme. The benchmark index KSE-100 of the Pakistan Stock Exchange (PSX) opened today’s session at 42,857.57 points, but it rose by 695.97 points, or 1.62%, to […]

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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

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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