Tag: Pakistani Currency
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Pakistani rupee gains only Rs1.16 against US dollar throughout March
In March, the Pakistani rupee (PKR) demonstrated resilience, maintaining stability against the US dollar (USD) while marking slight gains.
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Pakistani rupee closes week strong at Rs282.53 against US dollar
Pakistani rupee (PKR) demonstrated resilience against the US dollar (USD) by registering a 0.09% appreciation in the inter-bank market.
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FIA cracks down on luxury car showrooms in Karachi over money laundering suspicions
On Thursday, the Commercial Banking Circle team of the Federal Investigation Agency (FIA) executed a seizure of four high-end vehicles at a Karachi-based car showroom.
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Pakistani rupee maintains upward trend for fourth consecutive day, closes at Rs285.15 against dollar
According to the State Bank of Pakistan (SBP), the Pakistani currency has maintained its upward trend against the US dollar for the fourth consecutive working day in the interbank market.
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Pakistani rupee sinks to record low of Rs308 against US dollar in open market
On Tuesday, the Pakistani currency experienced a significant decline, reaching a new record low of Rs308 against the US dollar in the open market. This marked a 1 per cent decrease, or Rs3, from the previous day’s closing rate, as reported by the Exchange Companies Association of Pakistan.
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Pakistani rupee gains Rs2.13 to close at Rs221.91
In line with improved market sentiment, the Pakistani rupee (PKR) kept strengthening versus the US dollar, closing at Rs221.91 on Wednesday in the inter-bank market. According to the State Bank of Pakistan (SBP), the local currency appreciated by 0.96 per cent or Rs2.13 against the dollar to settle at Rs221.91. The uptick on Wednesday marked…
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Rupee gets stronger by Rs2.11 to close at Rs224.04 against US dollar
During intraday trade on Friday in the interbank market, the Pakistani rupee (PKR) climbed by Rs2.11 against the US dollar for the sixth session in a row. In the course of the day’s trading, the local currency gained Rs2.11 or 0.94 per cent versus the dollar and closed at Rs224.04, down from Thursday’s closing of…
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Rupee gains ground against dollar for second day, closes at Rs238
Following days of increases in the interbank and open markets, the US dollar fell against the Pakistani rupee on Tuesday as a result of assurances from the government and State Bank of Pakistan (SBP) that the nation will have enough money for FY2022-23 after receiving IMF tranches. For the third straight session, the Pakistani rupee…
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Pakistani rupee falls to a new all-time low of Rs205 against the US dollar
In the interbank market today, the Pakistani Rupee (PKR) plummeted below its previous record low versus the US Dollar (USD). The local currency lost Rs1.30 in the interbank market today, depreciating by 0.63 per cent against the US dollar and closing at Rs205.16. During today’s open market session, the local currency reached an intraday high…
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PKR declines against US Dollar after winning for a week
The winning days for Pakistani currency are over. On April 18, the Pakistani Rupee (PKR) overturned gains against the US Dollar (USD) and registered losses in the interbank market. At the completion of the session, the local currency had lost 99 paisas against the US dollar. It declined by 0.54 per cent versus the US…