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Gold traded at Rs111,000 per tola in Pakistan on February 13

KARACHI: A single tola of 24-karat gold in Pakistan was sold for Rs111,000 on Saturday, February 13, at the opening of the bullion market. Likewise, 10 grams of 24k gold was sold for Rs95,165 at the opening of trading. Meanwhile, 10 grams of 22k gold was traded for Rs87,234. The price of the precious metal had dropped by Rs800/tola during ... Read More »

Pakistani rupee continues rally against US dollar

KARACHI: The Pakistani rupee continued to strengthen against the United States (US) dollar on Friday as it appreciated by 25 paisa against the greenback in the interbank. According to the State Bank of Pakistan (SBP), the dollar closed at Rs158.82 against the local currency as compared to yesterday’s closing rate of Rs159.07. Last year in November, the rupee had hit ... Read More »

Pak Rupee gains 24 paisa against USD

KARACHI: The exchange rate of US Dollar weakened by 24 paisa in the interbank on Thursday against Pakistani rupee. The greenback closed at Rs159.07 rupees on fourth business day of the week. Rupee had also gained against dollar on third business day of the week as USD closed at 159.31 in the interbank market on Wednesday. It is to be ... Read More »

Gold being traded at Rs112,000 per tola in Pakistan on February 11

KARACHI: A single tola of 24-karat gold in Pakistan was sold for Rs112,000 on Thursday, February 11, at the opening of the bullion market. Likewise, 10 grams of 24k gold was sold for Rs96,022 at the opening of trading. Meanwhile, 10 grams of 22k gold was traded for Rs88,020. The price of the precious metal had decreased by Rs100/tola during ... Read More »

USD being sold at Rs159.8 at opening of trading on Feb 10

KARACHI: The buying rate of the US dollar was Rs159, while its selling rate was Rs159.8 at the opening of market on Wednesday, February 10. During the previous day’s intraday trading the rupee managed to post gains against the dollar on lower import payments and an improving economic outlook. Currency traders said the rupee continued to appreciate versus the greenback ... Read More »

Pak Rupee gains 43 paisas against USD on improved export receipts

KARACHI: The Pak Rupee gained 43 paisas against the dollar on Monday owing to record export receipts during the last four months. The rupee ended Rs159.56 to the dollar from last Thursday’s closing of Rs159.99 in the interbank foreign exchange market. It is interesting to note that the rupee made gains despite closure of the market for the last three ... Read More »

Pak Rupee gains 19 paisas against USD ahead of long weekend

KARACHI: The Pak Rupee gained 19 paisas against the dollar on Thursday despite the higher demand for dollar ahead of holidays. The rupee ended Rs159.99 to the dollar from the previous day’s closing of Rs160.18 in the interbank foreign exchange market. Currency dealers said that the market witnessed sufficient supply of the foreign currency in the shape of export receipts ... Read More »

Pak Rupee eases by two paisas against USD on import payment demand

KARACHI: The Pak Rupee ended down by two paisas against the dollar on Wednesday owing to escalating demand for the foreign currency for import and corporate payments. The rupee ended Rs160.18 to the dollar from the previous day’s closing of Rs160.16 in the interbank foreign exchange market. Currency dealers said that the market witnessed higher demand of the foreign currency ... Read More »

Positive trend in Index heavy weight stocks lifts KSE-100 by 331 points

KARACHI: Pakistan Stock Exchange (PSX)managed to recover overnight losses on Tuesday, as upward movement in index heavy weight scrips, lifted benchmark Kse-100 by 331.89 points to settle at 46,680.34 level. The Index began the session on positive note andaccumulated nearly 400 points to touch an intra-day high at 46,642.72 index level. While several internal factors contributed to today’s performance, the ... Read More »

Pak Rupee recovers by six paisas against USD on contraction in inflation

KARACHI: The Pak Rupee recovered six paisas against the dollar on Tuesday owing to lower growth in inflation for the first month of the current year. The rupee ended Rs160.16 to the dollar from the previous day’s closing of Rs160.22 in the interbank foreign exchange market. The rupee depreciated by 12 paisas on the first day of the current week ... Read More »

US dollar sold at Rs160.8 on February 1

KARACHI: The buying rate of the US dollar was Rs159.8 , while its selling rate was Rs160.8 on Monday, February 1 at the closing of the currency market. Moreover, with an improvement in inflows lending support to the local unit, the rupee is expected to remain range-bound against the US dollar this week supported by subdued demand for hard currency. ... Read More »

PSX holds gong ceremony for the First Shelf Registered Instrument issued by Bank Alfalah

KARACHI: In a very encouraging development for the debt market of Pakistan, an innovative, new debt instrument has been issued and listed on Pakistan Stock Exchange (PSX) by Bank Alfalah (BAFL). Bank Alfalah has issued Medium Term Note in the form of Term Finance Certificates (Tranche Series-A) of PKR 11,000 million through Shelf Registration Program, which have been listed on ... Read More »

US dollar sold at Rs160.8 in Pakistan on January 29

KARACHI: The buying rate of the US dollar was Rs160, while its selling rate was Rs160.8 on Friday, January 29 at the opening of the currency market. On Thursday, the rupee strengthened against the dollar led by inflows in the form of export proceeds and remittances, and dealers said the local unit is expected to appreciate further in the coming ... Read More »

Pak Rupee strengthens against US dollar

KARACHI: The Pakistani rupee appreciated by Rs0.26 against the United States (US) dollar in the interbank market on Thursday, according to the State Bank. The central bank said the local currency closed at Rs160.28 against the greenback as compared to yesterday’s closing rate of Rs160.54. Last year in November, the rupee had hit a seven-month high of Rs158.70 against the ... Read More »

PSX gains 170 points to close at 46,458 points

ISLAMABAD: The KSE-100 index of the pakistan stock exchange (psx) Wednesday continued with bullish trend, gaining 170.75 points, with positive change of 0.37 percent, closing at 46,458.13 points against 46,287.38 points on the last working day. A total 610,940,266 shares were traded during the day compared to the trade of 603,240,345 shares the previous day whereas the price of shares ... Read More »

US dollar sold at Rs161.2 on Jan 27

KARACHI: The buying rate of the US dollar was Rs160.5, while its selling rate was Rs161.2 on Wednesday, January 27 at the opening of the currency market. On Tuesday, the rupee ended stronger against the dollar because of the easing payment pressure and positive sentiment, dealers said. “There were no heavy payments in the market and the demand for the ... Read More »

US dollar sold at Rs161.3 on January 26

KARACHI: The buying rate of the US dollar was Rs160.6, while its selling rate was Rs161.3 on Tuesday, January 26 at the opening of the currency market. On Monday, the rupee ended marginally weaker against the dollar in the interbank market due to importers’ dollar demand for payments. “The rupee remained under pressure in the last week, owing to the ... Read More »

Pak Rupee eases by four paisas against USD

KARACHI: The Pak Rupee eased by four paisas against the dollar on Monday owing to demand of the foreign currency for import and corporate payments. The rupee ended Rs160.79 to the dollar from last Friday’s closing of 160.75 in the interbank foreign exchange market. Currency dealers said that the rupee remained under pressure due to higher dollar demand as the ... Read More »

Pak Rupee ends down by 13 paisas against USD ahead weekly holidays

KARACHI: The Pak Rupee depreciated by 13 paisas against the dollar on Friday owing to higher demand ahead of weekly holidays and deficit in current account on increased import bill. The rupee ended Rs160.75 to the dollar from previous day’s closing of Rs160.62 in the interbank foreign exchange market. Currency dealers said that the demand for the dollar was remained ... Read More »

Pak Rupee depreciates by 12 paisas against USD

KARACHI: The Pak Rupee ended down by 12 paisas against the dollar on Thursday owing to negative sentiments prevailed after higher than expected current account deficit in December 2020, dealers said. The rupee ended Rs160.62 to the dollar from the previous day’s closing of Rs160.50 in the interbank foreign exchange market. The dealers said that the market sentiments were negative ... Read More »