Category: Money & Banking

Karachi, August 30, 2024 — The Pakistani rupee on Friday gained ground against the US dollar, recovering by 10 paisas, driven by an improvement in the country’s foreign exchange reserves. The rupee closed at PKR 278.54 per dollar in the interbank foreign exchange market, up from the previous day’s closing rate of PKR 278.64.

Karachi, August 29, 2024 – The Pakistani rupee faced renewed pressure on Thursday, succumbing to a 19-paisa decline against the US dollar. The weakening currency was primarily attributed to a surge in foreign payment demands, which outpaced inflows, highlighting the ongoing challenges faced by the country’s economy.

Karachi, August 28, 2024 – The US dollar gained ground against the Pakistani rupee on Wednesday, making a notable comeback in the interbank foreign exchange market with a 13 paisas increase. The rupee’s value depreciated, closing at PKR 278.45 per dollar, down from the previous day’s closing of PKR 278.32.