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Dollar to fall below Rs200, says Dar | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar said on Saturday that the rupee had been regaining strength against the dollar and the dollar would fall below Rs200, because it had gone beyond its real value. Talking to a private TV channel, the finance minister said the country’s macroeconomic indicators had surely lots of problems but the…
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Dollar’s free fall continues against PKR for ninth consecutive session
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[ad_1] Image Pakistan rupee and dollar — Canva/file KARACHI: The Pakistani rupee continued to rally against the US dollar for the ninth consecutive day in the interbank market on Wednesday. The local currency gained Rs1.7 or 0.76%, managing to settle at Rs223.94 against the US dollar, data released by the State Bank of Pakistan (SBP)…
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SBP-held reserves fall to alarming levels, declining by 4%
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[ad_1] — AFP/File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 4.07% in line with the dominant trend over the last several weeks. On September 23, the foreign currency reserves held by the SBP were recorded at $8,005.9 million, down $341 million compared with $8,346.4 on…
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Petrol, diesel sales fall after end of subsidy | The Express Tribune
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[ad_1] KARACHI: The demand for petrol and diesel dropped 12% and 16% respectively in June 2022 compared to the previous month, snapping a long uptrend in sales of petroleum products in the wake of withdrawal of subsidies and imposition of taxes. Petrol is mostly used by two, three and four-wheeler vehicles, while diesel is mostly…
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SBP’s forex reserves fall $748m to $8.24b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 8.32% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On June 17, the foreign currency reserves held by the SBP were recorded at $8,237.7 million, down $748 million compared with $8,985.3 millionon June 10.…
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No respite from rupee fall as it dives to 211.48 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee has become the worst-performing currency in Asia in 2022, as it melted down a fresh 0.72% (or Rs1.52) to a new all-time low at Rs211.48 against the US dollar in the inter-bank market on Tuesday. The latest drop in the local currency came despite Finance Minister Miftah Ismail’s assurance to…
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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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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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SBP’s forex reserves fall $241m to $8.99b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.6% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On June 10, the foreign currency reserves held by the SBP were recorded at $8,985.3 million, down $241 million compared with $9,226.2 million on June…
