Tag: Financial Markets
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SBP’s foreign exchange reserves rise by $13 million
In a positive development for Pakistan’s economic landscape, the State Bank of Pakistan (SBP) reported a weekly increase of $13 million in its foreign exchange reserves, reaching a total of $8.05 billion as of February 9, according to data released on Thursday.
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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 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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Local gold prices drop by Rs1,900 per tola
On Monday, gold prices in Pakistan experienced a decline in alignment with the global market trend.
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PSX faces record single-day plunge, shedding 2,534 points
On Tuesday, Pakistan Stock Exchange’s (PSX) KSE-100 index experienced a significant downturn, plummeting by 2,534 points, or 4.11 per cent, culminating in a closure at 59,171—a record for the largest single-day drop in absolute points.
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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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Gold price in Pakistan dips to Rs218,000 per tola
In a reversal of its recent upward trend, the price of gold in Pakistan saw a decline on Thursday, with the value of 24-karat gold dropping by Rs500 per tola and settling at Rs218,000.
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Pakistani rupee gains 20 paisa against US dollar
In the latest market developments, the Pakistani rupee (PKR) has demonstrated resilience against the US dollar, marking its fifth consecutive session of gains in the interbank market.
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Gold price in Pakistan surpasses Rs217,000 per tola
In Monday’s trading session, the price of 24-karat gold witnessed a surge, with a per-tola increase of Rs 400, reaching Rs217,200.
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PKR gains ground against US dollar, closes at Rs283.26
The Pakistani rupee (PKR) continued its positive trajectory against the US dollar (USD) for the fourth consecutive session, appreciating by 0.09 per cent in the inter-bank market on Friday.