Tag: Federal Reserve
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US Federal Reserve holds interest rates steady for sixth consecutive meeting
The US Federal Reserve has once again left interest rates unchanged, maintaining its current rate at 5.25 per cent to 5.5 per cent.
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Gold prices reverse previous day’s gains with Rs4,200 per tola drop
Gold prices experienced a downturn in the domestic market on Friday, aligning with the global trend.
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PKR sustains positive momentum, gains 0.04% against US dollar in ninth consecutive session
In the inter-bank market, the Pakistani rupee continued its positive trend against the US dollar for the ninth consecutive session on Monday, appreciating by 0.04 per cent to settle at Rs280.24, reflecting a gain of Re0.12, according to the State Bank of Pakistan (SBP). During the preceding week, the Pakistani rupee sustained its upward movement,…
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Pakistan’s gold prices slide amidst strengthened rupee and international rate hike
In Pakistan, the domestic gold price continued its decline for the second consecutive week, with the cost of 24-karat gold dropping by Rs550 per tola to Rs217,450. The Karachi Sarafa Association noted that 24-karat gold concluded the week’s last trading session with a gain of Rs950 per tola. The 10-gramme 24-karat gold settled at Rs186,428,…
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Reversal trend: Gold price settles at Rs216,100 per tola, erasing recent upsurge
The price of 24-karat gold in Pakistan experienced a notable decline, dropping by Rs300 per tola to reach Rs216,100.
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Interbank closing: PKR continues winning streak, settles at Rs281.22
The Pakistani rupee (PKR) extended its upward trend against the US dollar for the fifth consecutive session, gaining 0.02 per cent in the inter-bank market on Tuesday.
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Winning streak: Pakistani rupee appreciates 0.04% in fourth consecutive session
In a resilient display, the Pakistani rupee continued its upward trajectory against the US dollar, marking gains for the fourth consecutive session in the interbank market on Monday.
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Pakistani rupee ends 2023 with marginal gain versus US dollar
Pakistani rupee demonstrated a slight appreciation against the US dollar for the 13th consecutive session, marking a gain of 0.02 per cent in the inter-bank market on Friday.
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Pakistani rupee extends winning streak against US dollar for 12th straight session
The Pakistani rupee continued its upward trend against the US dollar for the 12th consecutive session, appreciating by 0.1 per cent in the inter-bank market on Thursday.
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Pakistani rupee gains ground against US dollar for 11th consecutive session
The Pakistani rupee sustained its upward trajectory against the US dollar for the 11th consecutive session, exhibiting a 0.06 per cent appreciation in the interbank market on Wednesday.