KARACHI: The rupee ended flat against the dollar on Tuesday ahead of the monetary policy announcement scheduled for today, December 14, 2021, dealers said. The exchange rate ended at Rs177.88 against the dollar from the previous day’s closing of Rs177.89 in the interbank foreign exchange market. The dealers said the market participants were anticipating a … Read more
KARACHI: The dollar recorded another high of 177.89 against the rupee at the closing of the interbank foreign exchange market on Monday, dealers said. The exchange rate witnessed an 18 paisas decline in the rupee value to end at Rs177.89 against the dollar from the last trading day’s closing of Rs177.71, the previous record low … Read more
KARACHI: The monetary policy announcement scheduled for next week may end the volatility in the rupee value. The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy statement on December 14, 2021. The Monetary Policy Committee will take all the current economic indicators into consideration, while making the decision. One of the … Read more
KARACHI: The deterioration in the rupee value continued on Friday, as the dollar hit another high of Rs177.71 in the interbank foreign exchange market, dealers said. The exchange rate witnessed a 10 paisas decline in the rupee value to end at Rs177.71 against the dollar from the last day’s closing of Rs177.61, the previous record … Read more
KARACHI: No letup was witnessed in the rupee free-fall, as the dollar jumped to new record high of Rs177.61 on Thursday in the interbank foreign exchange market, dealers said. They said the rupee deteriorated due to the expected large deficit of the current account and rising dollar demand for import payments. The exchange rate witnessed … Read more
KARACHI: The dollar recorded another high of Rs177.43 against the rupee at the closing of interbank foreign exchange market on Wednesday. The large import bill remained a major threat to the rupee stability, currency dealers said. The exchange rate witnessed a loss of 64 paisas in the rupee value against the dollar from the previous … Read more
KARACHI: The dollar jumped to the new historic high of Rs176.79 on Tuesday, as Saudi fund deposits failed to leave any positive impact despite expectations. The exchange rate witnessed a decline of 31 paisas to end at Rs176.79 against the dollar from the previous day’s closing of Rs176.48 in the interbank foreign exchange market. Previously, … Read more
KARACHI: The rupee recovered 29 paisas against the dollar on Monday after a deposit of $3 billion to the State Bank of Pakistan (SBP) by Saudi Development Fund (SDF), dealers said. The exchange rate ended at Rs176.48 against the dollar from last Friday’s closing of Rs176.77, which was a historic low of the local unit, … Read more
KARACHI: Large import bill and a significant decline in the foreign exchange reserves may further destabilise the rupee next week, dealers said. The higher import bill and a decline in the forex reserves have deteriorated the value of the local unit to the historic low of Rs176.77 against the dollar on December 3, 2021. The … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has suggested a three-pronged strategy for strengthening the economy, a statement said. Referring to heavy fall in the KSE-100 Index, LCCI president Mian Nauman Kabir said that it was temporary and the investors should not worry and expressed the hope that the stock exchange would start … Read more
KARACHI: Fund managers and corporates believe the rupee may depreciate further to make a new low and significant rise in the key policy rate is expected by the end of 2022. This was disclosed in a poll of fund managers and corporates conducted by the Topline Securities. Most of the fund managers and corporates expect … Read more
KARACHI: The rupee rebounded on Tuesday and gained 48 paisas against the dollar in the interbank foreign exchange market, dealers said. The exchange rate ended at Rs175.72, compared with Rs176.20 against the dollar on the previous day in the interbank foreign exchange market. The local currency strengthened after the State Bank of Pakistan (SBP) and … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the government to control inflation by keeping a check on profiteering and hoarding by the big investors, a statement said on Tuesday. Unisame president Zufikar Thaver said that the Unisame is badly affected by the snowball effect of inflation and invited the attention of … Read more
KARACHI: The rupee recovered six paisas against the dollar on Thursday, amid mounting demand for external payments, dealers said. The exchange rate closed at Rs174.98 to the dollar from the previous day’s closing of Rs175.04 in the interbank foreign exchange market. The dealers said the dollar demand for import and corporate payments remained high during … Read more
SBP projects Pakistan’s GDP growth up to 5% KARACHI: The State Bank of Pakistan (SBP) has projected the real GDP growth at 4 per cent to 5 per cent for the current fiscal year, as per the actual target set for the fiscal year. However, the current account deficit has been projected at up to … Read more
KARACHI: The rupee witnessed a decline of 74 paisas against the dollar on Wednesday, as external payments jacked up the demand for the foreign currency, dealers said. The exchange rate ended at Rs175.04 against the greenback from the previous day’s closing of Rs174.30 in the interbank foreign exchange market. The dealers said the demand for … Read more
KARACHI: The rupee gained 47 paisas against the dollar on Tuesday after certainty in external inflows. The exchange rate ended at Rs174.30 against the dollar from the previous day’s closing of Rs174.77 in the interbank foreign exchange market. The dealers said the market opened positively; following an announcement made by Adviser to the Prime Minister … Read more
KARACHI: The rupee gained 46 paisas against the dollar on Monday, amid a highly volatile trading session, dealers said. The exchange rate ended at Rs174.77 against the dollar, compared with Rs175.23 in the interbank foreign exchange market. The dealers said the market opened with a sharp rise in the rupee value; following the monetary policy … Read more
KARACHI: The rupee made a sharp recovery against the dollar at the opening of the interbank foreign exchange market on Monday. The rupee recovered Rs1.63 as the exchange rate is presently at Rs173.61 to the dollar. The rupee ended at Rs175.24 to the dollar in the interbank foreign exchange market last Friday. Currency dealers attributed … Read more
KARACHI: The rupee ended 57 paisas down against the dollar on Friday, owing to higher demand for the foreign currency for import payments. The exchange rate ended at Rs175.24 against the greenback from the previous day’s closing Rs174.67 in the interbank foreign exchange market. It was the second straight day when the dollar strengthened against … Read more
Karachi: USD to PKR – Today US Dollar rate in Pakistan on 19th November 2021 is Rs. 175.5. This is the inter-bank closing exchange rate for the US Dollar to Pakistani Rupee which is provided by the State Bank of Pakistan (SBP) every day. US Dollar to Pakistan Rupee rate is based on open market rates which are … Read more
KARACHI: The Pakistani Rupee gained 11 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. The dollar is being traded at Rs173.65 at the opening of the interbank market. The exchange rate was closed at Rs173.76 on Wednesday November 17, 2021. The local currency recorded a significant gain during … Read more
KARACHI: The rupee gained 69 paisas against the dollar at midday in the interbank exchange market on Wednesday, as it shows a decline for the third consecutive session. Dollar is being traded at around Rs174.20 at midday against Tuesday’s closing of Rs174.89. The local currency showed some growth against the dollar during the last three … Read more
KARACHI: The rupee continued to recover against the dollar on Tuesday, as it gained 40 paisas; following measures taken by the central bank regarding increase in the average cash reserve requirements to 6 per cent. It is the second straight day of recovery in the rupee value. The exchange rate ended at Rs174.89 against the … Read more
KARACHI: The rupee recovered sharply by Re1 against the dollar at the opening of the interbank foreign exchange market on Monday. The dollar is being traded at Rs174.73. The exchange ended at Rs175.73, at the historic low level to the dollar on last Friday in the interbank foreign exchange market. Market analysts said that the … Read more
KARACHI: The dollar reaches to Rs175 at the opening of the interbank foreign exchange market on Friday. The dollar gained 81 paisas against the rupee. The last day’s closing of the exchange rate was Rs174.19 against the dollar. Currency dealers said that the local unit is under pressure due to higher import payments. They said … Read more
KARACHI: The rupee ended unchanged at Rs170.01 against the dollar on Friday, amid the demand for import payments, dealers said. They said the market had witnessed the demand for the foreign currency for import payments. However, the supply of export receipts and workers’ remittances supported the rupee to maintain its value. The local currency recovered … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has suggested doing trade with China in local currencies to reduce pressure on the foreign exchange reserves. Talking to delegations of Anjuman-e-Tajiran Lahore, Pakistan Steel Melters Association and Ferozepur Road Industrial Association, LCCI president Mian Nauman Kabir said that the chamber has requested the prime minister … Read more
