dollar
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PM approves setting up multi-billion dollar refinery: minister
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[ad_1] Minister of State for Petroleum Musadik Malik addresses a news conference in Islamabad on April 28, 2023, in this still taken from a video. — YouTube/GeoNews The government will set up a multi-billion dollar refinery to meet Pakistan’s energy needs, Minister of State Musadik Malik said Friday. Prime Minister Shehbaz Sharif approved the project…
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Rupee hits one-month high at 283.39 to a dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar in inter-bank market, maintaining its winning streak for the second consecutive working day. The currency market resumed rupee-dollar exchange after five-day-long Eid holidays. On the previous working day on April 20, it…
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Dollar clings to gains | The Express Tribune
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[ad_1] SINGAPORE: The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while a surprising recovery in the euro zone economy in April underpinned the euro. The dollar index, which measures the performance of the US currency…
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Rupee falls by Rs2.44 against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency dropped by 0.85%, or Rs2.44, to a five-day low at Rs287.09 against the US dollar in inter-bank market on Monday amid conflicting reports about the revival of International Monetary Fund’s (IMF) loan programme. With the fresh depreciation, the rupee stood just Rs0.76 shy of the record low of Rs287.85/$, touched on…
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Rupee’s bleed worsens, plummets to new low of 288 versus dollar
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi on March 02, 2023. — INP The Pakistani rupee reeled to a record low against the US dollar on Tuesday, breaching the critical threshold of 288 against the greenback in the interbank market. In the interbank market, the local unit closed at…
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Rupee stabilises against dollar at 283.55 | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee continued to stabilise around current levels on Tuesday as it inched up 0.01%, or Rs0.03, and closed at Rs283.55 against the US dollar in inter-bank market. The rupee managed to inch up owing to low demand for dollar amid critically low foreign exchange reserves of the country at $4.6 billion. The…
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Rupee makes recovery of 0.54% to Rs280.77 a dollar | The Express Tribune
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[ad_1] KARACHI: Amid optimism over the revival of the International Monetary Fund (IMF) loan programme, the volatile Pakistani rupee made a notable recovery of 0.54%, or Rs1.53, to close at Rs280.77 against the US dollar in the interbank market on Friday. Earlier, in the prior two consecutive days, the local currency had cumulatively lost 1.57%,…
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Rupee weakens against dollar in interbank market
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[ad_1] A representational image of a currency exchanger counting dollar notes. — AFP The Pakistani rupee slipped down against the US dollar in the interbank market on Thursday. After depreciating by Rs2.88 against the greenback, the local currency changed hands at Rs282 during intraday trade around 10:40am. General Secretary Exchange Companies Association of Pakistan (ECAP)…
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Rupee gains further ground against dollar in interbank market
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/ file The Pakistani rupee further strengthened against the US dollar in the interbank market for the second consecutive trading session on Monday. As the greenback lost Rs3.46 against the rupee, the local currency changed hands at…
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Rupee recovers 4.5% to Rs273 against US dollar | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency made a sharp recovery of 4.5%, or over Rs12, to Rs273 against the US dollar in the interbank market at around noon on Friday. The rupee partially gained ground against the greenback after yesterday’s historic drop of 6.7%, or Rs19, to an all-time low of Rs285 per US dollar. The…
