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Currency
Effects of Interest Rate Reduction on the Rupee’s Value
Karachi: After the central bank cut interest rates aggressively by 2.5 percentage points, the Pakistani rupee fell by Rs0.09 to settle at Rs277.79 versus the US dollar on Monday's interbank market. It was due to predictions of increased…
Exchange Rates in Pakistan: Current Figures for November 2, 2024
Karachi: The open market exchange rate between the US dollar and the Pakistani rupee was Rs 277.15 on November 2, 2024, while the selling rate was Rs 278.95. The interbank exchange rate between the US dollar and the Pakistani rupee is Rs…
Reserves Reach 31-Month Peak at $11.16 Billion
The currency depreciates while forex deposits increase by $116 million in a week
Rupee Slips Due to Demand and Supply Gap
Karachi: On Tuesday, in the interbank market, the value of the Pakistani rupee fell from Rs 0.06 to Rs 277.74 in relation to the US dollar as demand for foreign currency increased and supply slowed.
The statistics from the State Bank of…
Today’s Exchange Rates for Major Currencies in Pakistan
Karachi: On Tuesday, the local and open market exchange rates for one US dollar to Pakistani rupees were Rs 277.2 and Rs 278.7, respectively.
The latest prices of USD to PKR, EUR to PKR, GBP to PKR, and AUD to PKR are given on this page.…
The Rupee Rebounds as Gold Declines
Karachi: After a temporary one-day decline following an increase in the supply of the US dollar, the value of the Pakistani rupee rose by Rs 0.20 to close at a one-week high of Rs 277.64 versus the US dollar on Friday in the interbank…
USD Exchange Rate: Rupee Faces Slight Decline
The value of the Pakistani rupee slightly declined to other major currencies, with the US dollar trading at Rs278.10.
Rupee Shows Minor Weakness against USD Today
With purchasing rates at Rs358.70 and selling rates at Rs361.25, the GBP is experiencing significant activity.
Pakistan workers remittances depict positive trend , stand at $ 15.8 b during July-January
Karachi: February 12: Pakistan’s worker remittances recorded an inflow of US$2.4 billion during Jan 24. The data released by the State Bank of Pakistan (SBP) suggested that in terms of growth remittances increased by 0.6 percent on m/m and…
Dollar mafia gets harsh warning
KARACHI: Oct 19: Upward trend in dollar price took a reverse on Thursday when the greenback lost Rs 2 in interbak and Rs 1 in open market.
With the latest reduction, dollar value educed to Rs 279.00 in interbank on Thursday. In open…