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PKR Gains Rs1.5 After IMF Tranche Received

PKR Gains Rs1.5 After IMF Tranche Received

PKR Increased Against Dollar Analysts believe that the State Bank of Pakistan (SBP) getting a much-needed $1.16 billion deposit from the International Monetary Fund is what caused the PKR to increase by Rs1.5 against the

Rupee slumps by 62 paise in interbank

Rupee slumps by 62 paise in interbank

Rupee fell against the Dollar For the second session in a row, the rupee fell against the dollar on Thursday, losing 62 paise in the interbank market.  By 12:40 PM, the local currency had depreciated

PKR Gains Rs2.15 Against US Dollar in Interbank Market

PKR Gains Rs2.15 Against US Dollar in Interbank Market

Interbank Market The rupee, which has been gaining versus the dollar for more than a week, did so on Friday as well in the interbank market.  By 10:05 am, the local currency had increased by

Stabilising Rupee: SBP Cracks Down On Exchange Firms  

Stabilising Rupee: SBP Cracks Down On Exchange Firms  

Crackdown On Exchange Businesses In light of the results of continuing inspections and mystery shopping, the State Bank of Pakistan (SBP) announced on Wednesday that it had begun a crackdown on exchange businesses.  The central

Rupee Freefall Continues, Slides To 240 In Interbank

Rupee Freefall Continues, Slides To 240 In Interbank

Rupee Lost More Ground Versus The Dollar On Thursday, the rupee lost more ground versus the dollar, reaching a record low of Rs240.5 in the interbank market.  As of 12:03 p.m., the rupee has lost

Pressure On Rupee To End Soon: Miftah

Pressure On Rupee To End Soon: Miftah

Finance Minister Miftah Ismail The pressure on the rupee, according to Finance Minister Miftah Ismail, will "vanish" in a few weeks.  Mr. Ismail predicted that the input of dollars into Pakistan will soon surpass the

Rupee Continues To Lose, Falls To 231 In Interbank

Rupee Continues To Lose, Falls To 231 In Interbank

Dollar In The Interbank Market On Tuesday, the rupee struck yet another record low versus the dollar in the interbank market, dropping to 233.  According to the Foreign Exchange Association of Pakistan, the local currency,

Rupee Falls To Rs. 208

Rupee Falls To Rs. 208

US Dollar Appreciated Against The Rupee For the second straight day, the US dollar appreciated against the rupee, rising further from Rs1.05 to Rs207.99 on Wednesday in the interbank market.  The dollar currently controls every

Rupee Gains Value Against US Dollar

Rupee Gains Value Against US Dollar

Interbank Market Results Showed Increases For The PKR Today's interbank market results showed increases for the Pakistani Rupee (PKR) against the US Dollar (USD).  It gained 29 paisas in today's interbank market to settle at

US dollar rises to record Rs212

US dollar rises to record Rs212

US Dollar Rises To Ruppees 212 On Tuesday, the US dollar continued to make fresh highs against the local currency, rising to Rs212 in early morning interbank activity.  Pakistani Currency Decined By Ruppees 2 The