Tag: record low
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Pakistani rupee ends the day at another record low of Rs305.54 versus US dollar, losing Rs1.09
Pakistani rupee is nearing another historic low in the interbank market on Thursday.
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Pakistani rupee’s fall continues, settles at new record low of Rs301 against US dollar
The Pakistani rupee continued its unsettling descent, marking a fresh all-time low against the US dollar, with a settlement at Rs301 in the inter-bank market on Friday. As reported by the State Bank of Pakistan (SBP), the local currency reached the 301 mark, experiencing a decline of Re0.78 or 0.26 per cent.
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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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Mobile phone imports in Pakistan drop by nearly 70%
According to the Pakistan Bureau of Statistics (PBS), Pakistan’s import of mobile phones has decreased by 68.29 per cent during the first eight months of the current fiscal year (2022-23) compared to the same period last year. The value of mobile phones imported from July to February (2022-23) was US $447.855 million, whereas it was…
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Euro drops to two-decade low against the US dollar
As the Federal Reserve implemented yet another aggressive interest rate hike in reaction to out-of-control inflation on Wednesday, the US dollar soared to a level that is almost 20 years higher against the euro. Only a few months after the euro was become the sole legal money of the 12 member states of the European…
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Intraday trade: PKR slides to new all-time low of Rs240.30 versus dollar
On Wednesday, the Pakistani rupee (PKR) maintained its declining trend versus the US dollar for the fourteenth session in a row. In intraday trading, the PKR lost Rs1.09 and fell to Rs240. In comparison to its previous closing rate of Rs237.91, the rupee lost 0.42 per cent on Tuesday, ending the day at Rs238.91. Fears…
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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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Pakistani Rupee crashes to a record low against US dollar
After a fourth consecutive session of losses on May 10, Pakistan’s currency hit an all-time low in the interbank market due to a lack of clarity on foreign cash inflow and a stronger US dollar. The rupee ended the day at Rs188.66, down Rs1.13, or 0.60 per cent, according to the State Bank of Pakistan…