Tag: Global Economy
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6th straight gain: Pakistani rupee closes at Rs281.13 against dollar
In a continued trend, the Pakistani rupee exhibited resilience against the US dollar, marking its sixth consecutive session of appreciation with a marginal uptick of 0.03 per cent in the inter-bank market on Wednesday.
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Overseas remittances to Pakistan soar to $2.4 billion
The State Bank of Pakistan (SBP) revealed that the inflow of overseas workers’ remittances reached $2.4 billion in December 2023, marking a notable 5.4 per cent increase from the previous month’s $2.25 billion, according to data released on Wednesday.
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Gold price increases Rs300 per tola to Rs216,400
Gold rates in Pakistan witnessed a notable upswing on Tuesday, aligning with the international market trend.
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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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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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PKR ends week in green, settles at Rs281.4 vs USD
The Pakistani rupee demonstrated resilience, marking its third consecutive session of gains against the US dollar with a 0.1 per cent appreciation in the inter-bank market on Friday.
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Pakistani rupee strengthens by 5 paisa, closes at PKR 281.67 against US dollar
The Pakistani rupee (PKR) demonstrated a 5.08 paisa appreciation against the US dollar during Thursday’s interbank session, concluding at PKR 281.67 per USD, compared to the previous closing at PKR 281.72 per US dollar (USD).
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Interbank closing: Pakistani rupee resumes winning streak against US dollar
The Pakistani rupee exhibited resilience against the US dollar in the inter-bank market, marking a 0.06 per cent gain on Wednesday, reaching a settlement of Rs281.72, reflecting an increase of Re0.17, as reported by the State Bank of Pakistan (SBP).
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Gold prices in Pakistan follow global trend, decline by Rs1,300 per tola
On Wednesday, gold prices in Pakistan experienced a reduction, mirroring the global downward trend.
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Second consecutive decline: Gold price drops by Rs900 per tola in Pakistani markets
Gold sustained its downward trend for the second consecutive session on Saturday, experiencing a decline of Rs900 per tola in the Pakistani gold market.