Tag: Middle East Tensions
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Gold rates in Pakistan edge closer to historic high
The price of domestic gold is swiftly climbing, inching closer to its historic peak, with 24-karat gold now standing at Rs238,900 per tola, marking an increase of Rs1,800 in a single day.
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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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IMF’s $700 million tranche approval crucial for Pakistani rupee’s recovery
The Pakistani rupee (PKR) is anticipated to recover against the US dollar starting on October 30, 2023, pending approval from the International Monetary Fund (IMF).