Foreign exchange rates for today, November 01, 2024
The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin on Friday.
Following are the selling/buying...
Finance Minister sees Pakistan’s forex reserves around $9-10bn by June 2024
Anticipates further improvement in forex position following the disbursement of $1.1 billion tranche from the IMF
Pakistan’s foreign reserves rise by $105mn to $13.4bn
SBP-held reserves stand at $8.017 billion while commercial banks have $5.372 billionÂ
Dollar Danda: How the currency market was tamed and why it won’t work
The open market went into a tailspin. This is how it was reined in
PKR soars against US dollar in open market after SBP decision
In a significant development, the Pakistani rupee experienced a substantial increase in value against the US dollar in the open market on...
PKR bounces back after historic low thanks to market developments
On Friday, the Pakistani rupee experienced a sharp recovery in the interbank market, rising by Rs12.43 per US dollar to trade at...
PKR plummets below 300, making history with its record low value
ISLAMABAD: The Pakistani rupee has experienced a sharp decline, hitting a record low of 298 against the US dollar due to political...
PKR hits record low against US dollar amid ongoing political instability
ISLAMABAD: The ongoing political instability in Pakistan has had a negative impact on market sentiment, as the Pakistani rupee reached a record...
Forex reserves rises by $30m to $4.46b
KARACHI: Foreign exchange reserves held by State Bank of Pakistan (SBP) rose by $30 million to $4.46 billion in the week ending...
PKR faces difficulties against the US dollar, ends up settling at 287
On Monday, the Pakistani rupee experienced a significant drop against the US dollar in the inter-bank market, closing at 287.09, down 2.44...
Dollar rate falls in the interbank but the market is once again calling the bluff
Open market back to speculating; bracing for default is safer bet
Standing committee on finance and revenue, rules out FX deposit amnesty
Pensions and delays in appointment of NBP, ZTBL presidents also discussed
PKR interbank rate weakens by Rs2 due to uncertainty surrounding IMF program
On Monday, the Pakistani rupee faced a decline due to uncertainty around the revival of the IMF program and a lack of...
Pakistani forex reserves stabilize, reducing pressure on rupee
Islamabad: On Friday, the Pakistani rupee gained Rs2 against the US dollar in the interbank market, which analysts attributed to an increase...
PKR depreciates by 1.13% against US dollar
On Thursday, the Pakistani rupee experienced a depreciation of 1.13% against the US dollar, settling at 282.3 as reported by the State...