Rupee recovers two paisas amid payment demand

KARACHI: The Pak Rupee recovered two paisas against the dollar on Tuesday despite higher demand for import and corporate payments. The rupee ended Rs160.37 to the dollar from last day’s closing of... Read more »

Prime Minister launches Pakistan’s instant payment system

ISLAMABAD: Prime Minister Imran Khan on Monday launched the completion of the first phase of Pakistan’s Instant Payment System, Raast, according to a statement issued by State Bank of Pakistan (SBP). Raast... Read more »

Rupee ends down by 22 paisas on demand for import payments

KARACHI: The Pak Rupee ended down by 22 paisas against the dollar on Monday owing to demand for import and corporate payments. The rupee ended Rs160.39 to the dollar form last Friday’s... Read more »

Rupee depreciates by 16 paisas on import, corporate payment demand

KARACHI: The Pak Rupee fell by 16 paisas against the dollar on Friday owing to demand for import and corporate payments ahead of weekly holidays. The rupee ended Rs160.17 to the dollar... Read more »

SBP warns public against dealing with illegal forex operators

KARACHI: State Bank of Pakistan (SBP) has warned general public against sale and purchase through illegal operators and transfer of foreign currency through Hawala and Hundi. The SBP informed the general public... Read more »

Rupee strengthens by 28 paisas on inflows of exports, remittances

KARACHI: The Pak Rupee strengthened by 28 paisas against the dollar on Thursday owing to improved inflows of export receipts and workers’ remittances. The rupee ended Rs160.01 to the dollar from previous... Read more »

Rupee recovers four paisas against dollar

KARACHI: The Pak Rupee recovered four paisas against the dollar on Wednesday owing to improved supply of the foreign currency to meet demand for import and corporate payments. The local unit recovered... Read more »

Rupee falls by 35 paisas on import, corporate payments

KARACHI: The Pak Rupee fell by 35 paisas against the dollar on Tuesday owing to jack up in foreign currency demand for imports and corporate payments. The rupee ended Rs160.33 to the... Read more »

Rupee falls by 15 paisas on higher dollar demand

KARACHI: The Pak Rupee fell by 15 paisas against the dollar on Monday – the first trading day of 2021 – as the foreign exchange market opened after three days break. The... Read more »

SBP extends validity measures to mitigate coronavirus pandemic

KARACHI: The State Bank of Pakistan (SBP) has extended the validity of measures up to June 30, 2021 to mitigate coronavirus pandemic related to Anti-Money Laundering (AML)/ Counter Financing of Terrorism (CFT),... Read more »