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Rupee hits new historic low against US dollar

KARACHI: The Pakistani rupee (PKR) continued taking a beat from the US dollar on Monday in intraday trade as it has lost 65 paisa. The greenback was being quoted around 203 against the local currency compared to Rs202.35 in the

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 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

ADB issues first Pakistani rupee-linked bonds

ISLAMABAD: The Asian Development Bank (ADB) has raised Rs1.83 billion Pakistani rupees ($11.4 million) in the first issue of local currency karakoram bonds by a multilateral development bank of which Pakistan is a member. The karakoram bond is an offshore

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

Rupee strengthens by Rs 0.21 against dollar

KARACHI: The exchange rate of Pakistani rupee on Thursday increased by Rs0.21 against the US dollar. The greenback is currently trading at 166.55 against the domestic currency at the interbank foreign exchange market. The dollar had finished at Rs166.76 against

Our rupee has gained without any support, says PM

ISLAMABAD: Prime Minister Imran Khan has said that without any support, instead of falling, our rupee was gaining. Addressing a signing ceremony of Super-6 310-MW Wind Power Projects in Islamabad on Friday, the prime minister said that the rupee was

Rupee weakens by 10 paisa against USD in interbank market

KARACHI: The Pakistani rupee has lost its value by 10 paisa against the US dollar on Wednesday in the interbank market and closed at Rs156.50. In today’s interbank trading the Pakistani rupee has depreciated by 10 paisas against the US

Rupee declines by 18 paisa against US dollar

KARACHI: The Pakistani rupee declined by 18 paisa to Rs157.70 against the US dollar in the interbank market on Monday. In the earlier weeks, the rupee had been observed to cumulatively depreciate against the dollar in the interbank. In previous