Prime Minister Shehbaz Sharif on Thursday praised his economic team after Pakistan recorded a current account surplus of $1.2 billion in March 2025, the highest in the country’s history. In his statement, the Prime Minister said this surplus shows that the economy is becoming more stable. He mentioned that in the first nine months of … 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 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
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: Pakistan’s current account deficit has ballooned to $7 billion during the first five months (July-November 2021/22 on sharp growth in import bill during the period, according to the balance of payments data released by the State Bank of Pakistan (SBP) on Monday. The current account posted a surplus of $1.87 billion in the same … 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
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
Pakistan’s current account went into deficit of $662 million in December after a five-month surplus. According to the report of the State Bank of Pakistan, in the first half of the current financial year, the current account surplus was $1.13 billion. In the first half of the last financial year 2020, the current account deficit … Read more
