November 29, 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

Rupee depreciation increases the cost of the ML-1 by 45%

ISLAMABAD: Islamabad is prepared to sanction the increased price of the stalled project Mainline-1 up-grading of rail connection and supply of its security with a huge escalated cost of 45% just ahead of Prime Minister Shehbaz Sharif’s planned visit to China.The updated price tag for upgrading ML-1 and building the dry port at Havelian is […]

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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

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

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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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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