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Tag: Interank Foreign Exchange Market

IMF 02

IMF Urges Pakistan to Avoid Forex Restrictions for Stability

January 21, 2024January 21, 2024Shahnawaz Akhter

Karachi, January 21, 2024 – The International Monetary Fund (IMF) has advised Pakistan to exercise caution and avoid imposing restrictions on foreign exchange, emphasizing the importance of supporting a return to a market-determined exchange rate.

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Rupee Dollar rates

PKR Gains 90 Paisas Against US Dollar: Ninth Consecutive Gain

September 18, 2023September 18, 2023Faisal Shahnawaz

The Pakistani Rupee (PKR) has been on a winning streak against the US Dollar, marking its ninth consecutive session of gains.

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Rupee Dollar rates

Pakistani Rupee Avoids Falling Below 300 Mark but Hits Fresh Historic Low Against US Dollar

August 23, 2023August 23, 2023Shahnawaz Akhter

Karachi, August 23, 2023 – The Pakistani Rupee (PKR) managed to stay above the 300-mark against the US dollar at the closing of the interbank foreign exchange market on Wednesday.

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Pakistan Rupee

Rupee weakens by 64 paisas against dollar

July 16, 2021May 5, 2026Mrs. Anjum Shahnawaz

KARACHI: The Pakistani Rupee faced depreciation of 64 paisas against the US Dollar on Friday, driven by increased demand for foreign currency to settle import payments as the trading week came to a close.

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