Category: Money & Banking

Karachi, October 17, 2024 – After a three-day decline, the Pakistani rupee made a modest recovery of 5 paisas against the US dollar on Thursday, closing at PKR 277.79 in the interbank foreign exchange market, compared to the previous day’s closing of PKR 277.84. The slight recovery follows a streak of losses that had sparked concern among market participants.

Karachi, October 16, 2024 – The Pakistani rupee faced its third consecutive decline on Wednesday, closing at PKR 277.84 against the US dollar in the interbank foreign exchange market. This marked a 10-paisa fall from the previous day’s closing rate of PKR 277.74.

Karachi, October 15, 2024 – The Pakistani rupee experienced a slight decline against the US dollar on Tuesday, slipping by 8 paisas due to rising demand for foreign currency to cover import and corporate payments.

Karachi, October 14, 2024 – The Pakistani rupee saw a slight depreciation on Monday, closing at PKR 277.66 against the U.S. dollar in the interbank market. The currency edged down by 2 paisas from last Friday’s closing value of PKR 277.64, reflecting a marginal decline in its value.

Karachi, October 13, 2024 – The Pakistani rupee is forecasted to maintain stability against the US dollar in the coming week starting October 14, 2024, buoyed by adequate dollar supplies and a steady increase in foreign exchange reserves, currency dealers predict. Despite minor fluctuations this week, the rupee is expected to stay within its current range as demand for dollars is met by sufficient liquidity in the market.

Karachi, October 11, 2024 – The Pakistani rupee experienced a notable rebound on Friday, gaining 15 paisas against the US dollar, attributed to an increase in foreign inflows.