Tag: Exchange Rate

KARACHI: The Pak Rupee has continued its appreciation against the US dollar and gained 10 paisas in early trade on Monday.

The US dollar is being traded at Rs138.45 in interbank foreign exchange market.

The exchange rate was closed at Rs138.55 to a dollar on last Friday or February 22, 2019.

Currency analysts said that the narrowed current account deficit had improved market sentiments.

Earlier on last Friday, the Pak Rupee gained for the third consecutive day against dollar owing to shrinking current account deficit and foreign inflows.

The rupee ended with gain of eight paisas to end at Rs138.55 to the dollar as compared with previous day’s closing of Rs138.63 in interbank foreign exchange market.

The rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

KARACHI: The rupee gained 10 paisas against dollar on Saturday in open market owing to inflows of foreign currency.

The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.50/Rs138.90.

The local currency was remained buoyant against the greenback in interbank foreign exchange market during the week owing to significant fall in current account deficit.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP) on Thursday, the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

The exchange rate in interbank market ended at Rs138.55 on Friday as rupee gained for the third consecutive day against the dollar.

KARACHI: The Pak Rupee gained for the third consecutive day against dollar on Friday owing to shrinking current account deficit and foreign inflows.

The rupee ended with gain of eight paisas to end at Rs138.55 to the dollar as compared with previous day’s closing of Rs138.63 in interbank foreign exchange market.

The rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Currency experts said that the improved inflows of workers remittances and narrowed current account deficit improved the local currency.

The interbank foreign exchange market was initiated in the range of Rs138.70 and 138.75.

The market recorded day high of Rs138.70 and low of Rs138.52 and closed at Rs138.55.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP) on Thursday, the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

The exchange rate in open market was remained flat.

The buying and selling of dollar was recorded at Rs138.50/Rs138.90 from previous day’s closing of Rs138.50/139.00 in cash ready market.

KARACHI: The Pakistani Rupee (PKR) extended its gains against the US Dollar in early trading on Friday, buoyed by a significant reduction in the country’s current account deficit, according to currency dealers.

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In the early trade on Tuesday, the Pakistani Rupee experienced a depreciation against the US Dollar, primarily attributed to increased demand for imports and corporate payments.

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KARACHI: The Pakistani Rupee has exhibited a notable gain of 40 paisas against the US Dollar in early trade on Monday, reflecting positive sentiments in the wake of substantial investment agreements between Saudi Arabia and Pakistan.

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