Tag: latest rate
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Pakistani rupee declines to new historic low of Rs299 per US dollar
On Tuesday, the Pakistani rupee experienced a significant drop, marking a historic low. This depreciation, amounting to 0.6 per cent against the US dollar in the interbank market, was attributed to the relaxation of import restrictions. This policy shift led to increased demand for the dollar.
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Gold surges to Rs147,250 per tola in local market
On Monday, gold prices in the local market rose by Rs1,450 per tola to a new all-time high, pushed up by the Pakistani currency’s continued depreciation against the US dollar. Despite no change in gold rates in the international market, gold rates in the local market increased to Rs147,250 per tola, according to data released…
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PKR continues losing streak against US dollar, sheds Rs1.48
The Pakistani currency plummeted further against the US Dollar (USD) on April 20, with losses reported on the interbank exchange. At the completion of today’s session, the Pakistani rupee (PKR) lost Rs1.48 versus the US dollar. It declined by 0.80 per cent versus the greenback, closing at Rs185.92, after shedding Rs1.90 in the interbank market…
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Petroleum sales increase by 23% in March, despite hefty oil prices
Petroleum product sales rebounded in the last month after a dismal February with Oil marketing companies (OMC) witnessing an increase of 23 per cent in sales of petroleum products on a year-over-year (YoY) basis in March 2022. Overall petroleum sales in March 2022, increased to 1.82 million tonnes compared to 1.54 million tonnes in March 2021,…