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Rupee third-best currency in Asia

Rupee third-best currency in Asia

Pakistani rupee is Asia’s third-best performing currency since October 1, a comparison released by Bloomberg showed. The rupee trails behind the Indonesian Rupiah and South Korean Won. As per the exchange rate figures released by

Dollar falls below Rs160 mark

Dollar falls below Rs160 mark

The dollar in the interbank market fell to a six-month low as it traded as low as Rs106. The rupee has been strengthening in the last few weeks owing to better inflows in the form

Rupee rises to five-month high

Rupee rises to five-month high

The rupee rose to its five-month high level on Thursday as it was at Rs163.20 in the interbank market mainly on the back of lower demand for foreign currency due to lower imports and a

Zardari indicted money laundering case

Zardari indicted money laundering case

Former president Asif Ali Zardari and his sister Faryal Talpur were indicted by an accountability court in a mega-money laundering case as the two pleaded not guilty. In addition to these two, the courts also

Record jump in remittances

Record jump in remittances

Workers’ remittance into the country 36.5 per cent year-on-year to $2.768 billion -- highest ever monthly remittances during the country’s history, data released by the State Bank of Pakistan (SBP) showed on Monday. “In July,

Pakistani Rupee loses Against the Dollar

Pakistani Rupee loses Against the Dollar

The rupee in the interbank market lost 34 paisas to end Thursday’s session at the level of Rs167.33 against the greenback.  Meanwhile, in other currencies, the euro at the open market was up by 50

Rupee recovers lost ground to the dollar

Rupee recovers lost ground to the dollar

The local currency on Thursday gained Rs1.20 against the dollar with exchange rate reverting back to Rs167.20 compared to Rs168.20 on Wednesday.  The Exchange Companies Association of Pakistan said the rupee recouped earlier losses on

Dollar gains 58 paisas against Pakistani rupee

Dollar gains 58 paisas against Pakistani rupee

Pakistani rupee on Tuesday lost more than 58 paisas or 0.8 per cent in the interbank market to reach as low as Rs167 before settling at Rs166.50 against the dollar.  The exchange rate has been