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Bitcoin falls 9.3% to $36,955, dollar slides

NEW YORK: Bitcoin dropped 9.28% to $36,955.03 on Friday, losing $3,781.02 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 2.4% from the year’s low of $36,146.42. Ether, the coin linked to the ethereum blockchain network,

Rupee continues to bleed against US dollar

KARACHI: The Pakistani rupee lost more ground and depreciated Rs0.74 against the United States (US) dollar in the interbank currency market on the first trading day of the week. According to foreign currency dealers, the local unit, today depreciated by

Overseas Pakistanis benefitted from exchange rate depreciation: SBP Governor

ISLAMABAD: State Bank Governor Reza Baqir, has said that depreciation of the rupee against the US dollar had benefitted overseas Pakistanis sending remittances to the country. Addressing a press conference in Manchester, SBP Governor revealed that, “The number of remittances

Dollar outflow

The depreciation of the Pakistani rupee against the US dollar, which we have witnessed in recent weeks, has been blamed on the outflow of the currency to Afghanistan. The Pakistani currency touched a new all-time low of Rs172 against the

Dollar reaches record high against Pakistani rupee

KARACHI: The US dollar has continued to appreciate against Pakistani rupee as the greenback hit historic high in Pakistan’s open market. The US dollar traded above Rs172 mark on Wednesday after gaining Rs0.20 over the rupee. In the past four

Dollar reaches new all-time high at Rs169.6

KARACHI: Pakistani rupee lost further ground on Wednesday and fell to Rs169.63 in intra-day trading in the inter-bank market. The decline comes a day after the local currency closed at an all-time low value of Rs168.94, according to the State

Rupee appreciates as US dollar trades at Rs158.30

KARACHI: Pakistani Rupee continued to gain value against US Dollar in the interbank market, adding another 19 paisas on Thursday. The currency reached its day’s high of Rs158.47 against the greenback and slipped to Rs158.20 in interbank trading. The currency

Pakistani rupee among Asia’s top three best performing currencies

ISLAMABAD: Pakistani rupee has become Asia’s third best performing currency after reaching six and a half month high of 158.9 against the US dollar. The rupee closed at 159.09 in the inter-bank market, appreciating 18 paisas against the dollar during

US Dollar declines by Rs1.15 against rupee in Interbank

KARACHI: The United States dollar has dropped Rs1.15 in the interbank market and settled at Rs159. According to Forex dealers, on the first day of the business week today, the dollar fell by Rs1.17 in the interbank market and the

US dollar continues to rise, reaches Rs.161 against rupee

KARACHI: The United States Dollar has climbed against the Pakistani rupee at the interbank by 1.03 rupees on Tuesday. The US Dollar is being traded in the interbank market at around 161.50 rupees. The Pakistani Rupee earlier on Monday weakened

US dollar continues to rise, hits 8-month high

KARACHI: United States dollar continues to rise again and has hit its all-time high in last eight months today (Thursday) in inter-bank market. The US dollar increased against the Pakistani Rupees for a third-straight day. This represents an increase of

Govt raises Rs 239bn through Treasury Bills

KARACHI: The government has raised less than half of its target through the Market Treasury Bills auction on Wednesday. The State Bank of Pakistan reported the government raised Rs239.7 billion through T-bills, as against the target of Rs500bn. For the

US dollar declines slightly against Pakistani rupee

KARACHI: The US dollar declined by 3 paisa against the Pakistan rupee in the interbank market today on Friday. The greenback recorded a 3 paisa reduction in it’s worth against the Pakistani rupee, falling from the prior value of Rs

Chinese yuan jumps two-month high on trade progress

BEIJING: Chinese Yuan soars to a two-month high against the dollar, sources said on Monday. The signs of progress are boosted in Sino-US trade negotiations and the hopes to end the long trade war are also raised. The president of