KARACHI: The Pakistan equity market closed higher on Friday amid higher trades as investors weigh the government’s decision to abolish the subsidy on the prices of petroleum products. Ahsan Mehanti at Arif Habib Corp said that the investors’ confidence was boosted with the latest decision which is expected to pave the way for the resumption … Read more
KARACHI: The rupee lost 68 paisas to make a fresh historic low of Rs181.25 against the dollar on Monday, dealers said. The exchange rate ended at Rs181.25 against the greenback from Friday’s closing of Rs180.75 in the interbank foreign exchange market. The dealers said the political instability in the country, highly volatile global oil prices … Read more
KARACHI: The free fall in the rupee value against the dollar continued on Wednesday, as the local unit fell to the new historic low of Rs179.44 in interbank foreign exchange market. The rupee lost 22 paisas against the dollar to end at Rs179.44, compared with the previous day’s closing of Rs179.22 in the interbank market. … Read more
KARACHI: The rupee fell 47 paisas to record low at Rs178.98 to the dollar on Monday owing to higher import payments. The exchange rate ended at Rs178.98 to the dollar from last Friday’s closing of Rs178.51 in the interbank foreign exchange market. The dealers said that the political uncertainty and dollar demand for Ramzan related … Read more
KARACHI: The rupee recovered 12 paisas against the dollar on Friday owing to an ease in oil prices in the international markets. The exchange rate ended at Rs178.51 to the dollar from the previous day’s closing of Rs178.63 in the interbank foreign exchange market. The local currency recovered to the current level from the record … 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 recovered six paisas against the dollar on Tuesday owing to ease in the foreign currency demand for external payments. The exchange rate ended at Rs177.41 to the dollar from the previous day’s closing of Rs177.47 in the interbank foreign exchange market. The dealers said that the market witnessed ease in the dollar … 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 net profit of K-Electric Limited (KEL) declined 33.8 per cent to Rs9.4 billion, translating into the earnings per share (EPS) of one paisa during the quarter ended December 31, 2021, a bourse filing said on Thursday. The company posted a profit of Rs14.2 billion, translating into the EPS of 21 paisas in the … 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 rupee recovered 7 paisas against the dollar on Wednesday as the international oil prices recorded a decline. The exchange rate ended at Rs176.16 to the dollar, as compared with Rs176.23 the previous day in the interbank foreign exchange market. The dealers said that the declining trend in the global crude oil prices helped … Read more
KARACHI: The rupee recovered 11 paisas against the dollar on Monday owing to an ease in the global oil prices. The exchange rate ended at Rs175.75 to the dollar from last Friday’s closing of Rs175.86 in the interbank foreign exchange market. The dealers said that the reports of possible diplomatic talks on Russia-Ukraine tensions had … Read more
KARACHI: The rupee is expected to remain unstable next week, owing to the uncertainty in the international oil prices and a surge in the domestic demand for imported goods, analysts said. The local currency remained dependent on the movement of international oil prices during the outgoing week. It lost 39 paisas against the dollar during … Read more
KARACHI: The dollar rebounded against the rupee by 47 paisas on Friday owing to weekly demand and high oil prices. The exchange rate ended at Rs175.86 to the dollar from the previous day’s closing of Rs175.39 in the interbank foreign exchange market. The rupee made gains during the past two trading sessions owing to ease … Read more
KARACHI: The rupee declined 31 paisas against the dollar on Tuesday, as international oil prices recorded a further rise, dealers said. The exchange rate ended at Rs175.78 against the greenback, compared with the previous day’s closing of Rs175.47 in the interbank foreign exchange market. The dealers said the upsurge in the international oil prices put … Read more
KARACHI: The rupee fell 76 paisas against the dollar on Monday, owing to a jump in the global oil prices and rising foreign currency demand for import payments, dealers said. The exchange rate ended at Rs175.47 against the dollar from Friday’s closing at Rs174.71 in the interbank foreign exchange market. The dealers said high oil … 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 two paisas against the dollar on Thursday on easing international oil prices, dealers said. The exchange rate ended at Rs174.87 to the dollar from the previous day’s closing of Rs174.89 in the interbank foreign exchange market. The dealers said that the local currency slightly recovered after the international oil prices showed … 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 made a slight gain of two paisas against the dollar on Wednesday amid high foreign currency demand for import payments. The exchange rate ended at Rs176.41 to the dollar from the previous day’s closing of Rs176.43 in the interbank foreign exchange market. The dealers said that the market had seen dollar demand … Read more
KARACHI: The rupee recovered five paisas against the dollar on Monday on the expectations of release of the next International Monetary Fund (IMF) tranche, dealers said. The exchange rate ended at Rs176.72 against the dollar from last Friday’s closing of Rs176.77 in the interbank foreign exchange market. The Executive Board of the IMF is scheduled … Read more
KARACHI: The surging global crude oil prices are likely to keep the rupee under pressure despite the measure taken by the State Bank of Pakistan (SBP) to provide support to the local currency. The hike in international oil prices coupled with the declining forex reserves of the country kept the rupee under pressure during the … Read more
KARACHI: The Pakistani rupee continued its fall for the third straight day against the dollar as the global crude oil prices rose. The rupee declined 26 paisas to end at Rs176.98 against the dollar on Wednesday, against the closing of Rs176.72 on Tuesday in the interbank foreign exchange market. The dealers said that the dollar … Read more
KARACHI: The Pakistani rupee declined 25 paisas against the dollar on Monday, amid high demand for the foreign currency for external payments, dealers said. The rupee ended at Rs176.49 against the dollar from last Friday’s closing of Rs176.24 in the interbank foreign exchange market. The dealers said the dollar demand remained high during the day … Read more
KARACHI: The rupee is expected to remain stable next week on the back of the measures introduced by the central bank to ensure realisation of export receipts within 120 days. The State Bank of Pakistan on January 5, 2022 directed the exporters to realise their export receipts within 120 days from the date of shipment … 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: The rupee fell by 26 paisas against the dollar on Tuesday owing to a surge in the international oil prices. The rupee ended at Rs176.18 to the dollar, as compared with the previous day’s closing of Rs175.92 in the interbank foreign exchange market. The dealers said that the market witnessed panic buying for dollars … Read more
