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...
Dollar rate defies expectations, but what’s the real story?
LAHORE: Despite a tense start to the morning in Pakistan’s foreign currency market, the dollar rate in Pakistan defied expectations and managed...
Rupee depreciated by 22pc in real terms since 2017, close to fair value, says IIF
Pakistan’s underlying current account is in small surplus courtesy being helped along by the positive depreciation efforts, says the IIF