Gold rises to record high, rupee falls | The Express Tribune
KARACHI: Gold price hit an all-time high at Rs257,700 per tola (11.66 grams) in line with the global trend on Tuesday while the Pakistani rupee slightly weakened to Rs278.70 against the US dollar in the inter-bank market. According to the All Pakistan Sarafa Gems and Jewellers Association, bullion surged Rs1,200 per tola in a day, […]
PSX tumbles as KSE-100 index falls below 80,000 points | The Express Tribune
The trading week started on a bearish note, with the Pakistan Stock Exchange (PSX) experiencing a significant drop compared to previous weeks which was marked with high points and investors’ confidence. The KSE 100 Index fell below the 80,000 points level, marking a sharp decline of 625 points or 0.79% to reach 79,492 points, three […]
Inflation falls to two-year low of 20.7% in March | The Express Tribune
ISLAMABAD: Inflation fell to nearly two years low of 20.7% in March despite seasonal spurt in perishable food items, beating the government’s expectations by a wide margin and putting a question mark on the central bank’s policy to maintain record high interest rates. The Pakistan Bureau of Statistics (PBS) reported on Monday that the pace […]
Rupee falls slightly from 4-month high | The Express Tribune
KARACHI: The stabilising Pakistani currency on Friday slightly depreciated to Rs279.19 against the US dollar in the inter-bank market, coming down from over four-month high in the wake of a decline in the central bank’s foreign currency reserves below $8 billion. According to State Bank of Pakistan’s (SBP) data, the rupee ticked down 0.02%, or […]
Rupee falls for second straight session
A money trader counts US dollars for a customer at a currency exchange office in Karachi on July 19, 2022. — Online The Pakistani rupee fell sharply against the dollar on Wednesday due to import pressure, analysts said. The local currency fell Rs3.26 or 1.16% against the dollar in the interbank market to close at […]
Rupee falls first time in four weeks | The Express Tribune
KARACHI: After recovering 11% in the past 28 consecutive working days, Pakistani currency on Tuesday depreciated 0.07% and closed at Rs277.03 to a dollar in inter-bank market on the back of uptick in demand for the greenback. Market talk suggests the rupee has reached its “fair value” at Rs277/$ and the slight correction did not […]
Petrol price falls by Rs40, diesel by Rs15 per litre
A closeup of a fuel gun. — AFP/File ISLAMABAD: In view of the fluctuations in global oil prices and rupee’s appreciation against the US dollar, the caretaker government on Sunday slashed the price of petrol by Rs40 per litre and that of high-speed diesel (HSD) by Rs15 for the next fortnight. According to a notification […]
Dollar falls by Rs1.05 as rupee strengthens for 17th consecutive session
A currency dealer can be seen counting $100 notes while Rs5,000 notes are placed on the table. — AFP/File The Pakistani rupee as part of its recent upward trend, strengthened by Rs1.05 in the interbank market on Wednesday. The rupee appreciated by 0.36% against the US Dollar from yesterday’s close of Rs289.8 as the greenback […]
Rupee falls to all-time low of 300 against dollar
A currency dealer counts US dollars at a shop in Karachi. — AFP/File The Pakistani rupee plunged to its historic low against the US dollar as it traded at 300.25 in the interbank on Thursday, according to data from the Exchange Companies Association of Pakistan (ECAP). The pressure increased on the local currency as demand grew […]
Gold price in Pakistan falls despite rise in international rates
A representational image of gold jewellery. — AFP/File Gold price in Pakistan declined by Rs2,400 per tola as the rupee made gains against the US dollar in the interbank market on Wednesday. According to data issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) on Wednesday, the price of gold (24 carats) declined by Rs2,400 […]