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 ...

The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by over 1.7 percent during the first eight months of the current fiscal year 2022-23 and remained $1.718 billion compared with $1.689 billion during the same period of the last ...

KARACHI – Pakistan’s central bank dismissed the reports claiming that capping the price of US dollar caused loss of $3 billion in remittances and exports. The development comes as the Pakistani rupee plunged around 10 percent against USD last week, in a biggest one-day drop in over two ...

Pakistan rupee recovered late to remain stable against the US dollar at the close of the interbank trading Saturday after losing a little shine in early hours. Pakistani rupee made a comeback in interbank trading as the greenback gained 6 paisa in its value in early trading. According to data ...

The Pakistani Rupee (PKR) fell further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by 0.11 percent and closed at Rs. 224.65 after losing 25 paisas against the greenback. It quoted an intraday low of 225 against the greenback before close. The local ...

The money market which remained directionless on Wednesday also as the forex dealers were cautious regarding taking positions in the interbank trading showed some signs of brisk activity at noon. The US dollar which started the day by losing 16 paisas against the Pakistani rupee later recovered ...

The money market appeared to be in a static position as there was no brisk calls of business amid lack of directions from all sides. The margin of trading has been narrowed to pennies during the see-saw trading and the case was same in interbank trading on Tuesday as the US dollar managed to stay ...

The decline of foreign emittances sent home by overseas Pakistanis continued for the second successive month-on-month in October as the foreign remittances declined by over 9% to clock in at $2.2 billion, according to data released by The State Bank of Pakistan Friday. The remittances were 15.7% ...

Federal Minister for Finance and Revenue Ishaq Dar has reiterated that the actual value of the Pakistani rupee is less than 200 against the greenback and it will be brought down soon. He said this while chairing a meeting with the heads of Forex Exchange Companies at State Bank of Pakistan ...

The Pakistani rupee which showed robustness after the arrival of new finance minister has again resumed its downward trajectory against the US dollar as the local unit shed another 82 paisas in the interbank trading on Tuesday. According to the foreign exchange dealers, the value of US dollar ...