continues
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Rupee continues upward momentum against dollar
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee on Monday managed to post more gains against the US dollar as the local unit jumped by Rs1.70 against the greenback during early trade in the interbank market. The rupee was changing hands at Rs226.75 after gaining 1.70…
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Dollar continues to tumble as market pins hope on Ishaq Dar
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[ad_1] A file image shows a currency dealer counting $100 notes while Rs5,000 notes are placed on the table beside him. — AFP/File KARACHI: The US dollar continued its nosedive against the Pakistani rupee for the fourth straight session in the interbank market on Wednesday as the market pinned hope on Ishaq Dar, the country’s…
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Rupee continues nosediving, reaches near all-time low against dollar
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[ad_1] A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File KARACHI: Post-flood economic situation and shortage of the dollar in the country kept the Pakistani rupee under pressure for the 15th consecutive session as the local unit on Thursday registered further losses in the interbank market.…
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Rupee continues recovery against USD, inter-bank rate at 204.85 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee recovered 0.13% (or Rs0.27) on a day-to-day basis to a three-week high of Rs204.85 against the US dollar on the last day of the outgoing fiscal year on Thursday. Cumulatively, in the outgoing fiscal year, the rupee slumped a record 30% to Rs204.85 on Thursday compared to the close of…
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Rupee continues free fall as USD hits Rs212 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged by another Rs2.55 on Tuesday to a record low of Rs212.51 against the US dollar in the inter-bank market at around 11 am on Tuesday. The rupee has crossed the threshold of 212 for the first time despite Finance Minister Miftah Ismail’s assurance on Monday that the International Monetary…
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Circular debt continues to plague energy chain | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan State Oil (PSO) is facing a liquidity crunch as its receivables swelled to Rs583 billion following default by gas and power companies. Now, its receivables from gas companies have soared to record highs, causing financial trouble to the oil marketing company. As crude oil prices are surging continuously, the profits of energy…
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Rupee free fall continues as dollar hits 209 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged beyond Rs209 against the US dollar for the first time in the inter-bank market in the early hours on Friday. The greenback was available at a record low level of Rs209.19 against the USD, a currency dealer reported at 10:16 am. It had closed at Rs207.67 on Thursday. Cumulatively,…
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Rupee free fall continues as dollar hits Rs209 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged beyond Rs209 against the US dollar for the first time in the inter-bank market in the early hours on Friday. The greenback was available at a record low level of Rs209.19 against the USD, a currency dealer reported at 10:16 am. It had closed at Rs207.67 on Thursday. Cumulatively,…
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Dollar surge continues amid uncertainty over IMF programme
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[ad_1] A representative image. KARACHI: The US dollar gained further in the interbank market Wednesday and was trading at 206.25 in the first session amid uncertainty over the revival of the International Monetary Fund’s (IMF) loan programme, Geo News reported. The Pakistani rupee depreciated over 1.09 paisas during the intraday trading today. The local currency…
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Rupee free fall continues on IMF tranche uncertainty
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[ad_1] A currency dealer can be seen counting Rs500 notes. — AFP/File KARACHI: The rupee continued to slide in the foreign exchange market, dropping by Rs1.64 against the US dollar to hit Rs205.50 during early morning trading on Tuesday. According to the State Bank of Pakistan (SBP), the currency had closed at an all-time low…
