Tag: local unit
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Pakistani rupee closes at Rs277.41 as US dollar recovers by nearly Rs2 in interbank trade
The US dollar appears to have bounced back on Wednesday at the opening of interbank trade, as it gained 31 paisas. The American currency closed at Rs277.41 after gaining Rs1.97 against the local unit. The dollar was exchanged for Rs275.75 at the start of the trading session on Wednesday.
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Pakistani rupee drops by more than Rs18 against US dollar due to delay in IMF deal
Pakistani rupee (PKR) experienced a significant decline of over Rs18.8 against the US dollar in the interbank market during intra-day trade, ahead of the monetary policy review and delay in the International Monetary Fund (IMF) deal. At approximately 11:40 am, the greenback was being traded at Rs285 against the local currency, compared to its previous…
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Pakistani rupee drops by 0.35% to close at Rs221.43 versus dollar
As investors await the US Federal Reserve’s decision on the policy rate, the Pakistani rupee (PKR) depreciated by 0.35 per cent against the greenback on Wednesday. According to the State Bank of Pakistan (SBP), the local unit appreciated by Rs0.78 and ended the day at Rs221.43. The Pakistani rupee enjoyed gains against the US dollar…
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Pakistani rupee becomes best performing currency after recording impressive gains
The unpredictable Pakistani rupee, which made the highest rise of 3.9 per cent over five working days to Rs219.92 against the dollar on anticipation of sizable inflows of foreign cash, was dubbed the “world’s best-performing currency” in the week that concluded on Friday. According to analysts monitoring currency movements, the rupee proved to be the…
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Yamaha increases motorcycle prices for the 5th time in 2022
Yamaha has announced a significant price increase for motorcycles effective from August 1, 2022. All variants from the manufacturer, including the YB 125Z, YB 125Z DX, YBR 125, and YBR 125G, have seen price increases. It is important to note that this is the fifth price rise for Yamaha motorcycles in Pakistan since the year…