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Currency
Anti-smuggling operation works: Dollar ‘s slide against the rupee continues
ISLAMABAD: Sept 14: US dollar became cheaper in open and interbank on Thursday.
US dollar is being sold in open market at Rs 298 today in interbank and open market of Pakistan. This is continuous gain of the rupee against US dollar…
Dollar mafia suspends activities for now
KARACHI: Sept 8: The rupee made gain of another Rs 1 in interbank and Rs 2 in the open market respectively on Friday, bringing USD down to Rs 304 in both markets. Its very rare in Pakistan that US dollar rates in interbank and open market…
Finance ministry refutes reports of banning 5000 currency notes
ISLAMABAD : Sept 7 :: The Finance ministry on Thursday clarified that a notification circulating in the social media and claiming banning 5000 currency notes from September 30 was fake.
Caretaker Information minister , Murtaza Solangi…
Interbank serves as engine to exploit Pakistan’s currency market
ISLAMABAD: Sept 5: Being an engine to currency market exploitation, interbank further pushed its US dollar rates by Rs 1. 25 to take its value today (Tuesday) to Rs 307. In interbank US dollar on Monday was Rs 305.75. Interbank is…
PKR loses more value, no chance of rebound in near future
KARACHI: Sep: 1: As devaluation of the rupee continues in interbank as well as open market, the gap in its rate with US dollar in interbank and open market widens to Rs 15. US dollar jumped up to Rs 304.60 and Rs 319.50 in open market on…
Interbank difference with open market in US dollar rate grows to Rs 14
KARACHI: August 28, 2023: As the rupee continues to shed its value, the gap in its rate with US dollar in interbank and open market widens to Rs 13, 20. US dollar jumped up to Rs 301.80 and Rs 315.00 in open market on Monday. Rising gap in…
Banking mafia manages to push dollar to record high
KARACHI: August 25, 2023: US dollar gained another Rs 0.75 in interbank to take its value against the rupee to Rs 301 at closing of the first session trading session on Friday.
Its for the first time in Pakistan’s 76-year history that US…
Forex dealers hold banks responsible of fast-track rupee devaluation
KARACHI: August 24, 2023: Devaluation of the rupee is continuing unabated as US dollar crossed a psychological barrier of Rs 300 mark in interbank.
At the end of the trading session in the currency market on Thursday, US dollar closed at…
USD gains Rs 1.75 against PKR today, other currencies also in gaining zone
KARACHI: August 18, 2023: After a day, the rupee again loses steam and devalues against US dollar on Friday. The rupee had held ground a day before but it proved a short-lived success for it.
The data released by All…
PKR gains ground: latest rates of USD, other currencies today
KARACHI: August 17, 2023: The rupee finally got ground against US dollar and stopped its dominance on Thursday. The rupee had suffered major setback in the last couple of days when the process of change of power is in progress.…
