Pakistani currency maintained its winning streak for the fourth consecutive working day on Monday, rising to a new 10-week high above Rs281 against the US dollar in the inter-bank market.…
Exchange Companies Association of Pakistan
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On the first day of the new trading week, the Pakistani Rupee witnessed further gains against the US Dollar in the interbank market and was traded at Rs285.90. Around noon…
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Pakistani currency continued to cede ground for the fifth consecutive working day on Friday, reaching the two-week low above Rs280.50 to a dollar in inter-bank market owing to rising demand…
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The US dollar ascended to a record high against the Pakistani rupee on Thursday, crossing the barrier of Rs300 to the greenback during morning trade in the interbank market. The…
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The US dollar hit 302 against the rupee in the open market on Saturday, going beyond the boundaries marked by the International Monetary Fund (IMF) to keep the difference in…
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The Pakistani rupee sank sharply by Rs18.74 against the dollar in the interbank market on Thursday, with the local currency trading at a historic high of Rs284.85 in morning trade,…
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As Pakistan struggles to arrange US dollars to pay for essentials such as imported fuel, cooking oil and even pulses, everyday millions of US dollars are smuggled out of the…
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The Pakistani rupee plunged to a record low of Rs255.43 against the dollar in the interbank market on Thursday, sliding Rs24.54 or 9.61 per cent from yesterday’s close, after the…
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The Pakistani rupee fell by 5.75% (or Rs14.5) to an all-time low of Rs252.5 against the US dollar in the open market at 11 am on Wednesday. The slump in…
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The Exchange Companies Association of Pakistan (ECAP) decision to remove a price cap it was using to sell and buy dollars in the open market is a positive step, but…
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Remittances sent by overseas Pakistanis declined to $2.4 billion in September as the open and grey markets were offering much higher rates than interbank. The State Bank of Pakistan (SBP)…
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Following the United Arab Emirates (UAE) decision to make it mandatory for Pakistani travellers to declare 5,000 dirhams at the airport at the time of landing, the country’s open market…
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Pakistani rupee on Tuesday maintained its downward streak against the US dollar, breaching yet another important threshold of 196 the interbank market to hit its weakest level. In line with…
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The Pakistani rupee has maintained its downward streak for the last few sessions now, as it crossed Rs192 against the US dollar on Friday, amid rapid depletion in foreign exchange…