Category: Money & Banking

Karachi, September 30, 2024 – The Pakistani rupee weakened against the US dollar on Monday, slipping by 7 paisas, as the market faced rising demand for foreign currency due to import and corporate payments. The rupee ended the day at PKR 277.71 per US dollar, down from the previous trading day’s closing of PKR 277.64, reflecting the impact of increased dollar demand on the interbank foreign exchange market.

KARACHI – The Pakistani rupee is anticipated to sustain its recent gains against the US dollar in the upcoming week, buoyed by positive sentiment surrounding the economy after Pakistan received over $1 billion from the International Monetary Fund (IMF) as part of a larger $7 billion loan package, dealers and analysts reported.

Karachi, September 27, 2024 – The Pakistani rupee gained modest ground on Friday, appreciating by 5 paisas against the US dollar despite high demand for import payments. At the close of the interbank foreign exchange market, the rupee stood at PKR 277.64 per dollar, up from the previous day’s PKR 277.69.

Karachi, September 27, 2024 – The interbank foreign exchange market began trading on Friday with a notable 19-paisa gain in the value of the Pakistani rupee against the US dollar, driven by optimism following the approval of a loan from the International Monetary Fund (IMF). The rupee appreciated to PKR 277.50 from the previous day’s close of PKR 277.69 per US dollar.

Karachi, September 26, 2024 – The Pakistani rupee appreciated against the US dollar on Thursday, reaching PKR 277.69 in the interbank market, as positive market sentiment followed the approval of a loan program by the International Monetary Fund (IMF).

Karachi, September 25, 2024 – The Pakistani rupee experienced a slight decline of 5 paisas against the US dollar on Wednesday, closing at PKR 277.85 in the interbank foreign exchange market, compared to the previous day’s PKR 277.80. The drop was attributed to a surge in demand for import payments, as importers rushed to place orders with foreign suppliers ahead of the quarter’s end.

Karachi, September 24, 2024 – The Pakistani rupee saw a modest recovery in the interbank foreign exchange market on Tuesday, appreciating by 7 paisas against the US dollar. At the close of trading, the rupee was valued at PKR 277.80 per dollar, compared to the previous day’s closing rate of PKR 277.87.