KARACHI: The rupee declined 2 paisas to the dollar on Wednesday to the record low of Rs178.63 as the global oil prices remained high amid the Russia-Ukraine war coupled with the rising domestic demand for Ramazan. The exchange rate ended at Rs178.63 dollar from the previous day’s closing of Rs178.61 in the interbank foreign exchange … Read more
KARACHI: The rupee fell sharply by 63 paisas against the dollar on Monday as oil prices touched $140 per barrel in the international market, dealers said. The rupee ended at Rs178.13 to the dollar from last Friday’s closing of Rs177.50 in the interbank foreign exchange market. The local currency is heading towards the all-time value. … Read more
KARACHI: The rupee is likely to remain unstable next week due to high volatile international oil prices and country’s external sector weaknesses. The rupee lost 39 paisas against the dollar during the week (February 28-March 4). The benchmark Brent crude topped $120/barrel during the ongoing week but retreated to $111/barrel on Friday. The reports of … Read more
KARACHI: The rupee lost 21 paisas against the dollar on Wednesday, as international oil prices spiked at $113/barrel, dealers said. The exchange rate ended at Rs177.62 against the greenback, compared with the previous day’s closing of Rs177.41. The international oil prices recorded a massive jump; following Russian supply concerns after war with Ukraine. The benchmark … Read more
KARACHI: The rupee is expected to remain under pressure against the dollar next week, owing to the Russian attack on Ukraine and the higher current account deficit. The rupee witnessed a significant decline in the last two days of the week (February 21 to 25), as Russia intensified attacks on the Ukrainian territory. The rupee … Read more
KARACHI: The rupee fell 23 paisas against the dollar on Thursday, amid fears of further rise in the international oil prices after Russia attacked Ukraine, dealers said. The exchange rate ended at Rs176.39 against the greenback from the previous day’s closing of Rs176.16 in the interbank foreign exchange market. The dealers said the forex market … Read more
KARACHI: The Pakistan bourse on Tuesday remained in red territory over foreign selling, surging industrial power tariff and investors’ concerns over the economic impact of the surging global oil prices. “The market remained under pressure due to the mounting international oil prices. New York’s WTI crude contract rose more than three per cent on Tuesday … Read more
KARACHI: The movement of international oil prices will decide the fate of the rupee during the next week. Currently, the rupee is stable, owing to the inflows received from a lending agency and the proceeds of the Sukuk bond. The exchange rate for the week ended February 11, 2021 closed at Rs174.71 against the greenback … Read more
KARACHI: The rupee gained 16 paisas against the dollar on Friday, amid demand for the foreign currency for import payments, dealers said. The exchange rate ended at Rs174.71 against the greenback from the previous day’s closing of Rs174.87 in the interbank foreign exchange market. The dealers said the rupee gained due to a fall in … Read more
KARACHI: The rupee gained three paisas against the dollar on Tuesday, amid a surge in dollar demand for import payments. The exchange rate ended at Rs174.50 to the dollar from the previous day’s closing of Rs174.47 in the interbank foreign exchange market. The dealers said that the dollar demand had climbed up due to the … Read more
KARACHI: The rupee fell for the third straight day against the dollar on Thursday, owing to a surge in the international oil prices. The exchange rate ended at Rs176.49 to the dollar from the previous day’s closing of Rs176.22 in the interbank foreign exchange market. The local unit recorded a decline of 57 paisas or … Read more
KARACHI: Import restrictions introduced through the Finance Supplementary Bill is expected to help the rupee remain stable next week. However, a surge in the international oil prices may prove otherwise. The National Assembly on January 13, 2022 approved the Finance (Supplementary) Bill, 2021. Through the legislation, the government withdrew exemptions and concessions worth Rs343 billion. … Read more
KARACHI: The Pakistan rupee’s stability is linked with the international oil prices and the demand for the dollars for export payments next week, as the foreign exchange reserves of the country is on the decline, analysts said. The international oil prices are on the rise for the last couple of days, while the external payments … Read more
KARACHI: The rupee fell by 18 paisas against the dollar on Thursday, on the surge of dollar demand after the international oil prices recorded a hike. The exchange rate ended at Rs176.92 to the dollar from the previous day’s closing of Rs176.74 in the interbank foreign exchange market. Currency dealers said that the dollar demand … Read more
KARACHI: The rupee weakened 17 paisas against the dollar on Thursday, as international oil prices made gains a day ago. The exchange rate ended at Rs159.30 against the greenback, compared with the previous day’s closing of Rs159.13 in the interbank foreign exchange market. The currency dealers said the rise in the international oil prices on … Read more
The fresh increase in the petroleum products prices by the government has been challenged in the Lahore High Court (LHC) on Saturday. The petition, filed by Advocate Munir Ahmed, states that federal government increased prices of petroleum products without approval of federal cabinet. The petitioner pleaded with the court to issue stay order on the … Read more
Information Minister Shibli Faraz has said the prices of petroleum products have been reviewed due to surge in international oil prices. In a tweet on Saturday, he said welfare of the people is the priority of government and efforts will be continued to provide them the relief. کروناوباءنے دنیا بھر کی معیشتوں کو متاثر کیا۔بین … Read more
