KARACHI: The rupee recovered 31 paisas against the dollar on Friday, as the parliament approved the Finance (Supplementary) Bill, 2021, which contained measures to restrict imports, dealers said. The rupee ended at Rs176.06 against the dollar from the previous day’s closing of Rs176.38 in the interbank foreign exchange market. The dealers said the import restrictions … Read more
KARACHI: The dollar rebounded against the rupee on Thursday as oil prices recorded a surge in the global market, dealers said. The local currency fell 15 paisas to end at Rs176.38 to the dollar from previous day’s closing of Rs176.23 in the interbank foreign exchange market. The dealers said that the local currency made gains … Read more
KARACHI: The Pakistan rupee recorded a slight gain on Tuesday on improved dollar supply in the market, dealers said. The local currency gained 5 paisas to end at Rs176.63 against the last day’s closing of Rs176.68 in the interbank foreign exchange market. The dealers said the local rupee maintained its level, as the banks received … Read more
KARACHI: The rupee ended flat against the dollar on Monday, amid high demand for the foreign currency for external payments, dealers said. The rupee ended at Rs176.68 against the dollar from last Friday’s closing of Rs176.67 in the interbank foreign exchange market. The dealers said the dollar demand remained high during the day, as the … Read more
KARACHI: The rupee gained 25 paisas against the dollar on Friday, as inflows of export receipts and remittances helped the local currency, dealers said. The rupee ended at Rs176.67 against the dollar from the previous day’s closing of Rs176.92 in the interbank foreign exchange market. The dealers said the local currency was supported by the … Read more
KARACHI: The Pakistani rupee declined 41 paisas, as the dollar crossed Rs177 at midday in the interbank exchange market on Thursday. The greenback is being traded at Rs177.15 in the midday trading at the interbank exchange. The exchange market closed at Rs176.74 on Wednesday, January 5, 2022. The local currency witnessed a decline in the … Read more
KARACHI: The rupee inched up by one paisa against the dollar on Wednesday, owing to ease in the demand for the foreign currency for import payments, dealers said. The interbank foreign exchange market ended at Rs176.74 against the greenback from the previous day’s closing of Rs176.75. The dealers said the dollar demand eased on Wednesday, … Read more
KARACHI: The rupee fell 24 paisas against the dollar on Tuesday, as the market opened after three days due to weekly and bank holidays, dealers said. The rupee ended at Rs176.75 against the greenback from the closing of Rs176.51 on December 31, 2021 in the interbank foreign exchange market. The dealers said the dollar demand … Read more
KARACHI: The rupee made a sharp recovery against the dollar to close the year at Rs176.51 on Friday in the interbank foreign exchange market, dealers said. The exchange rate witnessed an appreciation of Re1 in the local unit against the dollar from the previous day’s closing of Rs177.51. The rupee cumulatively recovered Rs1.73 against the … Read more
KARACHI: Pakistani rupee recovered 51 paisas against the dollar in early trade at the interbank foreign exchange market on Friday. The dollar is being traded at the historic high of Rs177 at the opening of the interbank market. The exchange rate was ended local currency was trading at Rs177.51 on Thursday. Rupee recorded the all-time … Read more
KARACHI: The Pakistani rupee recovered 73 paisas against the dollar on Thursday at the interbank foreign exchange market, dealers said. The exchange rate was recorded at Rs177.51 at the closing of the interbank market, compared with the record high of Rs178.24 on Wednesday. The free-fall in the rupee was curtailed after the central bank recently … Read more
KARACHI: The dollar recorded a gain of five paisas against the rupee on Wednesday and touched the new high of Rs178.24 in the interbank foreign exchange market, dealers said. A day ago, the exchange rate ended at Rs178.19 against the dollar, which was the previous record high of the greenback. The dealers said the dollar … Read more
KARACHI: Pakistani rupee recovered 4 paisas against the dollar in early trade at the interbank foreign exchange market on Wednesday. The dollar is being traded at the historic high of Rs178.15 at the opening of the interbank market. The exchange rate ended as the local currency hit a historic low of Rs178.19 on Tuesday December … Read more
KARACHI: The free-fall in the rupee value continued on Tuesday, as the dollar hit a new record high of Rs178.19 at the closing of the interbank foreign exchange market, dealers said. The exchange rate witnessed a decline of two paisas against the dollar from the previous day’s closing of Rs178.17 in the interbank. The last … Read more
ISLAMABAD: Criticising the government over its incapability to control the declining price of the Pakistani rupee against the US dollar, Pakistan People’s Party (PPP) leader Sherry Rehman held the Pakistan Tehreek-e-Insaf (PTI) government and its policies responsible for currency’s devaluation. Read more: Rupee may remain in hot water next week Sherry took to Twitter on Tuesday … Read more
KARACHI: The rupee lost four paisas against the dollar to touch a new record low of Rs178.17 on Monday at the closing of the interbank foreign exchange market, dealers said. The rupee ended at Rs178.17 against the greenback from last Friday’s closing of Rs178.13 in the interbank foreign exchange market. Previously, the local currency hit … Read more
There has been a significant increase in the tyre prices due to higher cost of production/import emanating from depreciating rupee, increase in regulatory duty by 10 per cent to 25 per cent and an increase in the Customs valuation, the predetermined value on which the taxes are imposed. Moreover, lesser inflows of smuggled goods also … Read more
KARACHI: The rupee ended firmer against the dollar on Friday, amid high dollar demand for import and corporate payments, dealers said. The rupee eased by one paisa to Rs178.13 against the dollar from the previous day’s closing of Rs178.12 in the interbank foreign exchange market. The dealers said the demand for the foreign currency was … Read more
KARACHI: The rupee recovered three paisas from it’s all-time low against the dollar on Thursday on tightening of foreign exchange buying in the open market, dealers said. The rupee ended at Rs178.12 against the greenback from the previous day’s closing of Rs178.15 in the interbank foreign exchange market. The rupee recorded the all-time low of … Read more
KARACHI: Pakistani rupee gained 15 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. The dollar is being traded at Rs178 at the opening of the interbank market. The local currency hit a historic low of Rs178.15 on Wednesday. Read more: BOL NEWS BUSINESS DIGEST: December 23, 2021 Currency … Read more
KARACHI: The dollar recorded a new high of Rs178.15 on Wednesday, amid higher year-end dollar demand for import and corporate payments, dealers said. The exchange rate witnessed a 10 paisas decline in the rupee value against the dollar from yesterday’s closing of Rs178.05, the previous historic low of the rupee, in the interbank foreign exchange … Read more
KARACHI: The rupee fell slightly against the dollar on Tuesday but made a new historic low of Rs178.05 at the closing of the interbank foreign exchange market, dealers said. The exchange rate witnessed an ease of one paisa in the rupee value against the dollar from the previous day’s closing of Rs178.04, which was also … Read more
Pakistan is successfully implementing all the conditions imposed by the International Monetary Fund (IMF) to get the stalled $6 billion funding programme. The South Asian country is facing financial challenges but, at the same time, the economic situation seems fragile, pointing towards the severity of immediate measures to control mushrooming inflation. Indeed, all the successive … Read more
KARACHI: The rupee ended firmer at Rs178.04 against the dollar on Monday, amid higher foreign currency demand for import and corporate payments, dealers said. The rupee ended at Rs178.04, which is the same closing of December 17, 2021, in the interbank foreign exchange market. The present exchange rate is the lowest level of the rupee … Read more
KARACHI: The rupee fell to a record low of Rs178.04 against the dollar at the interbank foreign exchange market on Friday, dealers said. The demand for the dollars for import and corporate payments remained high during the day, they said. The exchange rate recorded a decline of six paisas against the greenback from the previous … Read more
KARACHI: There has been a significant increase in the tyre prices due to higher cost of production/import emanating from depreciating rupee, increase in regulatory duty by 10 per cent to 25 per cent and an increase in the Customs valuation, the predetermined value on which the taxes are imposed. Moreover, lesser inflows of smuggled goods … Read more
KARACHI: The exchange rate ended unchanged on Thursday, as the dollar maintained the record high level of Rs177.98, which was the previous day’s closing at the interbank foreign exchange market, dealers said. They said the market witnessed high dollar demand for import and corporate payments; however, the banks provided sufficient dollars against the demand to … Read more
KARACHI: The rupee witnessed an unabated free-fall for the last several months, as the dollar hit a new record high of Rs177.98 at the closing on the interbank foreign exchange market on Wednesday, amid the monetary tightening announced a day ago. The exchange rate witnessed a decline of 10 paisas in the rupee value against … Read more
