Karachi, December 28, 2023 – The Pakistani Rupee (PKR) made a modest gain of PKR 0.27 against the US dollar on Thursday, driven by robust foreign currency demand for imports and corporate payments.
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Rupee gains five paisas against dollar in early trade
KARACHI: The Pak Rupee gained five paisas against dollar in early trade on Monday owing to monitoring by authorities for import payments.
The dollar is being traded at Rs141.25 in interbank foreign exchange market. The foreign currency market was ended at Rs141.30 to the dollar on last Friday.
Last week the State Bank of Pakistan (SBP) said that large payments had been made and the local currency would recover against the greenback.
The SBP told this at a meeting with members of Forex Association of Pakistan (FAP). Since then the rupee gained 25 paisas till today morning.
Currency experts however said that the latest World Bank report issued on Sunday April 07, 2019, pointed out difficulties to Pakistan economy and forecast lower growth during two fiscal years.
The experts said that the weak economic indicators may exert pressure on the local currency in coming months.
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Rupee eases in early trade
KARACHI: The Pak Rupee fell by two paisas against US dollar on Thursday in early day trading.
The dollar is being traded at Rs140.29 in Interbank Foreign Exchange Market. The foreign currency market last day ended at Rs140.27.
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Rupee ends with 26 paisas gain to dollar
Karachi, Pakistan – In a welcome development for the Pakistani economy, the national currency, the Pak Rupee, closed with a gain of 26 paisas against the US Dollar on Thursday, driven by a sufficient supply of foreign currency in the market.
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