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.

On May 18, 2023, the Pakistani Rupee (PKR) witnessed a decline of 22 paisas against the US dollar in the interbank foreign exchange market, closing at PKR 285.62 compared to the previous day’s closing of PKR 285.40.

The Pakistani Rupee (PKR) experienced a decline against the US dollar, closing at PKR 285.40 in the interbank market on Wednesday, May 17, 2023. This depreciation amounted to a decrease of 44 paisas compared to the previous rate of PKR 284.96 at interbank closing.