Tag: rupee decline
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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).
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Gold price reaches Rs234,000 per tola, nearing new record high
Gold prices in Pakistan continued to rise on Tuesday, influenced by the Pakistani rupee’s decline against the US dollar and an uptick in global prices.
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Pakistani rupee crashes to historic low of Rs194 against US dollar
During the trading session on Monday, the Pakistani rupee (PKR) maintained its declining trend, touching Rs194, its worst rate versus the US dollar. At the interbank, the greenback strengthened by Rs1.47 during the trading hours. The General Secretary of the Exchange Companies Association of Pakistan, Zafar Paracha said that the greenback climbed by Rs11.07 since the…