PSX touches new heights as rupee continues downward trend
KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and crossed the 55,000 points barrier for the first time in history while the local currency slumped to a…
Improved economic indicators failing to benefit the populace
PESHAWAR/ LAHORE/ KARACHI: In a perplexing trend, while commodity prices and transport fares surge rapidly in response to increases in fuel costs and exchange rates, they exhibit stubborn resistance to…
Rupee recovers ground against USD, trades for 276 in interbank
KARACHI: In line with expectations, the new IMF programme strongly defended the Pakistani currency and allowed a significant fightback against the US dollar after it surged by 3.62,%, or Rs10,…
Rupee recovers sharply in open-market trade against USD
KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market…
Rupee Rises 8 Paise To Rs 81.70 Against US Dollar
Rupee gained 8 paise to 81.70 against the US dollar. Mumbai: The rupee gained 8 paise to 81.70 against the US dollar in early trade on Monday tracking the weakness…
Rupee Trade Arrangement To Help Reduce Transactions Cost: Commerce Minister Piyush Goyal
Several banks have opened vostro accounts to facilitate overseas trade in the rupee. (File) Rome: International trade in the domestic currency will help reduce transaction cost for the industry, and…
Rupee makes minor gains after govt meets final IMF condition
KARACHI: The Pakistani rupee regained 1.26% (or Rs3.60) to Rs284.25 against the US dollar before midday on Thursday, ending its four days losing streak in the interbank market. The International…
Rupee Closes At 82.44 Against US Dollar
The dollar index was trading 0.67 per cent higher at 103.22. (File) Mumbai: The rupee depreciated by 24 paise to close at 82.44 (provisional) against the US dollar on Friday…
Foreign Exchange Reserves Decline To 3-Month Low Of $560 Billion
The reserves stood at $562.40 billion in the week to March 3. (File) Mumbai: India’s foreign exchange reserves fell to $560 billion as of the week ended March 10, their…
Rupee Falls 12 Paise To 82.77 Against US Dollar
This is the fourth consecutive day of decline in the rupee. (File) Mumbai: The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise…