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

Dollar-to-rupee exchange rates have fallen for five sessions in a row

KARACHI: For the sixth session in a row, the Pakistani rupee appreciated versus the US dollar on Thursday during intraday day activity in the interbank market. In relation to the dollar, the rupee increased by 5.79 and closed at Rs. 223, down from Rs. 228.80 on Wednesday. The dollar dropped by 9.8 or 4.19 percent […]

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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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Business PAKISTAN

Indus Motor boosts vehicle pricing in response to the weakening of the rupee

Due to the ongoing weakness of the Pakistani rupee versus the US dollar and growing raw material prices, the Indus Motor Company (IMC) has raised the prices of locally produced versions of the Corolla, Yaris, Fortuner, and Revo. Although it should be mentioned that the corporation decided to temporarily halt its auto production facilities from […]

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Business

The credit outlook for Pakistan is lowered by S&P

SINGAPORE: The country’s external position is deteriorating due to increasing commodity prices, the depreciation of the rupee, and tighter global financial conditions, according to the most recent Standard & Poor’s (S&P) Global Ratings, which changed Pakistan’s credit outlook from neutral to negative. According to a statement released by S&P on Thursday, Pakistan’s credit rating may […]

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