Tag: open market rates
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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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Pakistani rupee finally ends 28-day winning streak, loses against US dollar
The Pakistani rupee’s remarkable 28-day winning streak against the US dollar came to an end today, as it recorded losses following an initial trade opening at Rs278.5 in the interbank market.
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Overseas Pakistanis send home remittances worth $2.5 billion, marking a seven-month high
According to data from the State Bank of Pakistan (SBP), remittances sent by overseas Pakistanis to their home country hit a seven-month high of $2.5 billion in March, which is attributed to Ramadan and Eid-ul-Fitr. Compared to the prior month of February, the inflow of workers’ remittances increased by 27 per cent, but it was…