The US dollar crashed by a huge margin against the Pakistani rupee in open market on Thursday after State Bank of Pakistan’s permission for dealers to buy dollars from the interbank market for credit card business. The greenback nosedived by 11 rupees as it was now being traded at Rs300 down ...

KARACHI – Pakistani rupee continued to gain in value against the US dollar on Thursday, with analysts crediting an increased inflow of foreign remittances ahead of Eidul Fitr. During the interbank trading, the local currency appreciated by 19 paisas against the USD and was currently being ...

KARACHI – Pakistani rupee moved up against the US dollar, appreciating nearly 0.34 percent in the interbank market in the early hours on Tuesday. During the trading, the local currency was hovering at 283.75, with a gain of Rs0.96. On Monday, PKR ended its winning streak and closed at 284.71 ...

KARACHI – Pakistani rupee remained under pressure against the US dollar, depreciating 0.14 percent in the interbank market on the first working day of the week. During the trading, the local currency recorded marginal losses against the greenback. PKR was hovering at 284.8, with a decline of ...

KARACHI – Pakistani rupee witnessed a marginal loss against the US dollar, depreciating 0.14percent during the early hours of trading in the inter-bank market on Monday. During the intra-day trading, the local currency hovered at 284.20, a decrease of Rs0.41 against the USD. Last week, PKR ...

The Pakistani rupee has managed to maintain its hold against the US dollar and shed only 37 paisas in the interbank trading. As per the State Bank of Pakistan, the local unit was depreciated by 37 paisas against the greenback during Wednesday’s interbank session, ending the day at ...

KARACHI – Pakistani rupee resuscitated itself Tuesday against the US dollar in the interbank market by recording slight gains. During the intra-day trading, the local currency appreciated by Rs0.28 against the US greenback and was quoted at 283.30. On Monday, PKR was unable to continue ...

KARACHI – Pakistani rupee continued its upward trajectory against the US dollar, appreciating 0.24 percent in the inter-bank market on Wednesday. During the intra-day trading, the local currency was hovering at 283.25, with an improvement of Rs0.67 against the greenback in the ...

Pakistan’s Real Effective Exchange Rate (REER) decreased by 8 percent to 86.4 in February 2023. According to the latest monthly data released by the State Bank of Pakistan (SBP), the trend indicates a big decrease from 94 recorded in January 2023. A REER above 100 indicates a loss in trade ...

KARACHI – The Pakistani rupee on Tuesday gained against the US dollar, appreciating 0.4% during the trading in the inter-bank market. The rupee was being quoted at 282.93 at 10:50am, an improvement of Rs1.1 against the US dollar in the inter-bank market. On Monday, the rupee had registered ...