The Pakistani Rupee (PKR) experienced a marginal gain of seven paisas against the US dollar in the interbank foreign exchange market on Monday.

Pakistani Rupee (PKR) on Monday, experienced a decline of 27 paisas against the US Dollar in the interbank foreign exchange market. This depreciation was attributed to the increased demand for the dollar, primarily driven by import payments at the start of the week.

The Pakistani Rupee (PKR) is expected to maintain stability against the US Dollar in the coming week, driven by the anticipated arrival of Russian oil. This development raises hopes of reducing the country’s oil import bill, leading to positive market sentiment.

In a positive trend for the Pakistani economy, the Pakistani Rupee (PKR) registered its third straight day of gains against the US dollar. The interbank foreign exchange market witnessed an appreciation of the rupee, with the exchange rate closing at PKR 285.15 to the dollar. This recent surge in value follows a decline to PKR […]

Karachi, May 24, 2023 – The Pakistani Rupee managed to break free from its five-day losing streak against the US dollar on Wednesday, as it recorded a slight gain in the interbank foreign exchange market.

The Pakistani Rupee (PKR) on Monday lost 74 paisas against US Dollar in the interbank foreign exchange market. This decline is attributed to heightened demand for the dollar due to the start of the trading week.

KARACHI: The Pakistani Rupee (PKR) experienced a significant drop against the US dollar, reaching PKR 288 during midday trading at the interbank foreign exchange market on Monday.

After going through stable and uncertain sessions, the Pakistani Rupee (PKR) may remain volatile against the US Dollar for next week starting from May 22, 2023.