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Currency
USD gains Rs 3 to give yet another punch to PKR as country goes without governance
KARACHI: August 16, 2023: The rupee lost Rs 3 in open market and Rs 2 in interbank against US dollar on Wednesday. The downfall of the rupee is continuing as Pakistan’s policy-makers are hardly worried about sinking economy. Since coming…
Rupee downfall continues: Rates of major currencies on August 15
KARACHI: August 15, 2023: The rupee depreciation is continuing as Pakistan’s policy-makers are hardly worried about sinking economy. The rupee is continuously downing against US dollar and it has unleased an unending economic crisis and…
Rupee loses steam again; USD dominance continues in currency market today
KARACHI: August 11, 2023: After a short-lived gain, the rupee lost massively in the first session on Friday. USD made a gain of over Rs 2 against the rupee in the open currency market. The rupee had made some gain the other day, but it…
Rupee on the rise; stops USD dominance in currency market today
KARACHI: August 9, 2023: After losing to USD and other major currencies, the rupee bounced back on Wednesday. The open currency market started to earn stability in the second session of Tuesday. The rupee maintained its last day’s position…
No respite for PKR: Major currencies rates in Pakistan today- August 8
KARACHI: August 8, 2023: Despite claims of the government of bringing the economy back on the track, the rupee devaluation is continuing in the currency market. In just last two days of the current week, US dollar appreciated by Rs 5 in…
USD, other major currencies’ value go up today-August 7
KARACHI: August 7, 2023: The rupee lost substantially in open market on Monday as its value reduced by Rs 2 to settle at Rs 291.00 (buying) and Rs 294.00 (selling) against its value of Rs 289.00 (buying) and Rs 292.00 (selling) respectively…
Rupee ends USD gaining spree. Major currencies rates in Pakistan today-August 4
KARACHI: August 4, 2023: The rupee made a gain of Rs 1.50 to settle at Rs 287 in interbank today which put an end to USD dominance at least for Friday-- the last working day of the current week.
With the rupee gain of Rs 1.50,…
Rupee under pressure again. Mr Dar’s petrol bombshell shatters market
KARACHI: August 2, 2023: The rupee is under pressure again as it lost over Rs 2 to US dollar in interbank in the first session on Wednesday.
The local currency was resisting dominance of USD and other major currencies since…
Pakistan currency market shows rare stability, Pound, USD rates today—August 1
KARACHI: August 1, 2023: The local currency is showing rare stability as major currencies including USD and Pound sterling are showing no fluctuation in their rates for the last two consecutive sessions.
After taking hit for many…
PKR gains more ground against USD: Euro, Pound lose more value– July 27
KARACHI: July 27, 2023: The rupee made another major gain against US currency in interbank and open market today (Thursday).
After taking hit for many consecutive sessions both in interbank and open market, PKR had bounced back early…
