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Tag Archives: Pak rupee

Pakistani rupee hits 22-month high against US dollar

KARACHI: The Pakistan rupee strengthened by 23 paisas against the United States (US) dollar at the start of today’s trading, hitting a 22-month high. According to forex dealers, the local currency is currently trading at Rs152.95 against the greenback. The rupee had closed at Rs153.18 against the US dollar the other day. The local unit has gained considerable ground on ... Read More »

Pak Rupee gains 33 paisa against USD

KARACHI: The exchange rate of US Dollar fell by 33 paisa in the interbank on Tuesday against Pakistani rupee. The greenback closed at Rs153.33 rupees on second business day of the week compared to previous closing of 153.66. However, since start of March, dollar has declined by 4.7 rupees or 3 percent. The greenback has lost 15.1 rupees or 9.34 ... Read More »

Dollar plummets in intraday trade

KARACHI: Pakistani rupee (PKR) appreciated by over 74 paisa against the USD in the intraday trade at the interbank. The dollar was being traded at 153.30 rupees compared to previous day’s close of 154.0379. Having gained about Rs.5 or over 3% against the dollar in March alone PKR is currently at a 21 month high and trading at levels last ... Read More »

Pak Rupee hits over one-year high against USD

KARACHI: The Pakistani rupee touched over a one-year high against the United States (US) dollar in the inter-bank currency market on Tuesday. According to the State Bank of Pakistan (SBP), the local currency appreciated by 28 paisa or 0.18 per cent against the greenback today, closing at Rs156.72. The dollar had finished at Rs157.00 against the rupee the other day. ... Read More »

Pak Rupee gains 14 paisa against USD

KARACH: The exchange rate of US Dollar fell by 14 paisa in the interbank on Monday against Pakistani rupee, according to State Bank of Pakistan (SBP). The greenback closed at Rs157 rupees on first business day of the week. Since February 1 dollar has declined by 3.22 rupees or two percent. The greenback lost seven percent of its value from ... Read More »

Pak Rupee gains four paisas against USD owing to positive sentiments

KARACHI: The Pak Rupee gained four paisas against the dollar on Monday owing to positive sentiments prevailed in the foreign exchange market. The rupee ended Rs157.08 to the dollar from previous day’s closing of Rs157.12 in the interbank foreign exchange market. Currency dealers said that foreign inflows of workers’ remittances and export receipts helped the rupee to make gain despite ... Read More »

Dollar rises by Rs9.74 to touch Rs 134 mark as PTI govt decides to approach IMF

KARACHI: Dollar rate in interbank market on Tuesday increased by Rs9.74 to hit the mark of Rs134. The rate soared by Rs 9.75 at start of the trading today and the market was closed at Rs 124.25 on Monday. Analysts said uncertainty regarding financial position of the country led to the freefall of the dollar. After this sharp increase in ... Read More »

Pak rupee depreciates to Rs130.75 in open market

KARACHI: The US dollar touched a record high of Rs130.75 in the open market on Friday, gaining a further Rs0.25 as it continued its climb against the Pakistani rupee. As per the local money market, the dollar gained 25 paisas in open market for buying at Rs129.75 and for selling at Rs130.75, while the dollar also added 10 paisas in ... Read More »

Pak rupee depreciates to Rs130.50 in open market

KARACHI: The Pakistani rupee on Thursday again depreciated against the US dollar both in open market and interbank. As per the local money market, the dollar gained 50 paisas for buying at Rs128.50 and for selling at Rs130.50 in open market. In interbank, the greenback added 30 paisas for buying at Rs128.30 and for selling at Rs128.50. On Wednesday, the ... Read More »

Pak rupee makes recovery against greenback

KARACHI: The Pakistani rupee on Wednesday made some recovery against the US dollar both in open market and interbank. As per the local money market, the dollar lost 50 paisas in open market for buying at Rs128 and for selling at Rs130, while the dollar also shed 50 paisas in interbank for buying at Rs128 and for selling at Rs128.20. ... Read More »

Pak rupee further strengthens

KARACHI: The Pakistani rupee on Thursday continued to recover against the US currency in open market and remained unchanged in interbank. As per the local money market, the greenback lost 20 paisas in open market for buying at Rs 124 and for selling at Rs 124.55, while it remained firm in interbank for buying at Rs 121.40 and for selling ... Read More »

Pak rupee strengthens against dollar, reaches 101.3 in interbank

KARACHI: Pakistani rupee Friday gained remarkable value against US dollar in interbank, however, it weakened in open market. As per currency market, the US dollar shed 30 paisa in interbank to reach 101.3 and gained 15 paisa in open market to stand at 102.75 on the last trading day. On Thursday, the greenback gained 10 paisa in interbank to reach ... Read More »

PM Nawaz appreciates Dar for strengthening rupee

ISLAMABAD: Prime Minister Nawaz Sharif has lauded Federal Finance Minister Ishaq Dar’s efforts for strengthening Pakistani Rupee against US dollar. Appreciating the Ishaq Dar’s team for making robust policies, the Prime Minister said that all the prudent fiscal and monetary policies initiated by the government have started producing positive results. He said that for the consecutive days the Pak Rupee ... Read More »

Pak rupee gains 60 paisas to stand at 102.5

KARACHI: Pakistani rupee Friday gained a noticeable value against the US dollar both in open market and interbank as the Karachi Stock Market is also keeping its record-breaking upward rally. As per the local currency market, the greenback lost 60 paisas in open market to stand at 102.5 and 50 paisas in interbank to reach 102.4 on the last trading day. ... Read More »

Foreign investment declined by 26.6% due to PTI, PAT sit-ins

ISLAMABAD: Foreign investment declined by 26.6 percent during three months time from July-September due to the protest and sit-ins by the Pakistan Tehrik-e-Insaf  and Pakistan Awami Tehrik. Similarly, Pakistani exports during same period declined by 6.273 percent while imports increase by 10.598 percent. Statistics collected by the Ministry of Finance and available with this scribe, revealed here on Monday that ... Read More »

Pak rupee slightly strengthens in open market

KARACHI: Pakistani rupee gained value against US dollar in open market, and also remained stable in interbank on Friday, the last trading day. According to the local currency market, US dollar lost 4 paisa to reach 103.1 in open market and remained steady in interbank on 102-7. On Thursday, US dollar gained 10 paisa to reach 103.5 in open market, ... Read More »

Pak rupee weakens in open market

KARACHI: Pakistani rupee Tuesday further depreciated against US dollar in open market, but remained stable in interbank amid continued political turmoil. According to the currency dealers, US dollar gained 10 paisa and reached 103.1 in open market, while rupee remained stable in interbank on 102.7. On Monday, the local unit did not show any variation for the buying and selling ... Read More »

POL prices may be cut by Rs1.80 from Oct 1

ISLAMABAD: Due to declining trend in the price of crude oil in Gulf Market, the price of petroleum, oil and lubricants (POL) may be reduced to Rs1.80 from the start of next month, October. According to sources, price of petrol may be cut by Rs0.70 per litre, High Octane Blended Component (HOBC) Rs1.80 per litre, high speed diesel (HSD) Rs0.87 ... Read More »

Restart of talks helps rupee to firm value

LAHORE: With the ‘apparent’ signs of improvement in the prevailing political scenario, Pak Rupee managed to sustain its value against US Dollar and other international currencies in currency market. Though no extra ordinary market demand for the US dollar was seen, its rates remained stable. Market players said that emergence of new political situation with restart of dialogue process between ... Read More »

Rupee devalues by 47.1pc against dollar from 2008-13

ISLAMABAD: Pakistani Rupee devalued approximately 47.1% against US Dollar during period from 2008 to 2013. Rupee met with the worst depreciation in the fiscal year 2009 when it was devalued up to 16.0% and the lowest was in 2011 which was 0.5% only. Official documents available with Customs Today show that Pak rupee was victim of depreciation against dollar in ... Read More »