Tag: currency appreciation
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Govt expected to increase petrol price by Rs3.5 for first half of March
In a possible move that could impact consumers, the government is considering a hike in petrol prices by Rs3.5 per litre for the initial half of March 2024.
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PKR registers only 0.92% rise against US dollar since the onset of 2024
The Pakistani rupee (PKR) maintained its upward trajectory for the 13th consecutive week, gaining 12.88 paisa against the US dollar and settling at PKR 279.28 per USD.
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PKR appreciates 15.82 paisa to close at Rs282.37 against USD
In Tuesday’s interbank session, the Pakistani rupee (PKR) strengthened by 15.82 paisa against the US dollar (USD), concluding the trade at PKR 282.37 per USD—improved from the previous closing of PKR 282.53 per USD.
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7th consecutive gain: Pakistani rupee closes at Rs282.9 against US dollar
In a persistent surge, the Pakistani rupee (PKR) continued its upward trend against the US dollar (USD) for the seventh consecutive session, appreciating by 0.04 per cent in the inter-bank market on Wednesday.
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Pakistani rupee appreciates by Rs5.07 against US dollar in five days
During the past week, the Pakistani rupee (PKR) showed a notable increase in value against the US dollar (USD), appreciating by 5.07 PKR to reach a closing rate of 277.62 PKR per USD. This stands in contrast to the previous week’s closing rate of 282.69 PKR per USD.
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Pakistani currency strengthens amid crackdown on smuggling
The Pakistani rupee continued its upward trajectory against the US dollar, registering a 0.6 per cent appreciation in the inter-bank market on Monday. At precisely 2:15 pm, the rupee was quoted at Rs301.10, marking a notable increase of Rs1.85 within the inter-bank market. In the preceding week, the rupee exhibited a 0.83 per cent gain,…
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Open market: PKR gains Rs30 against US dollar in just four days
The Pakistani rupee (PKR) has shown remarkable strength, appreciating by 4 rupees against the US dollar (USD) in the open market, with current quotes at 301/305 around noon. In just four days, the PKR gained an impressive 30 rupees (9.97 per cent), moving from PKR 331 to PKR 301 against the USD. Simultaneously, in the interbank market,…
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Gold price drops by Rs2,800 per tola amidst Pakistani rupee appreciation
Domestic bullion prices in Pakistan experienced a significant drop, with both gold and silver witnessing declines. The 24-karat gold closed at Rs220,200 per tola, falling by Rs2,800, while the price of 10-gramme 24-karat gold went down by Rs2,401, closing the day at Rs188,786 per tola. Additionally, 10-gramme 22-karat gold stood at Rs173,054 per tola, down…
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Pakistani rupee maintains winning streak against dollar for third day to close at Rs286.73
The Pakistani rupee continued its upward trend against the US dollar for the third consecutive session in the inter-bank market on Thursday, appreciating by 0.09 per cent. According to the State Bank of Pakistan (SBP), the currency settled at Rs286.73 at the close, showing an improvement of Rs0.25 compared to the previous day’s rate of…