Tag: Pak Rupee

KARACHI: The Pak Rupee gained 11 paisas against dollar in early trade on Thursday owing to guidelines issued by the central bank to prevent trade based money laundering.

The exchange rate was recorded at Rs155.91 to the dollar in early trade in interbank foreign exchange market. The rupee ended Rs156.02 to the dollar in last day trading.

The SBP on October 15, 2019 issued framework to create deterrence against money laundering and terror financing through trade related transactions.

The central bank made it mandatory for banks to ensure customers due diligence while approving export or import forms for issuance of amount.

On the other hand the government also launched crackdown against hoarding of the US dollar. In this connection a day earlier the Federal Board of Revenue (FBR) issued notices to foreign exchange companies to provide information of those persons who purchased dollars during recent past.

The government believed that many persons had purchased dollars but kept the foreign currency on hope of further depreciation of the local currency.

The market sources said that falling import bill was another component for rupee appreciation.

KARACHI: The Pak Rupee gained four paisas against dollar on Wednesday owing to inflows of export receipts and improved economic sentiments.

The rupee ended Rs156.02 against dollar from previous day’s closing of Rs156.06 in interbank foreign exchange market.

Currency dealers said that crackdown launch by tax authorities against exchange companies besides positive response from IMF helped the local currency to gain value.

The foreign exchange market was initiated in the range of Rs156.05 and Rs156.10. The market recorded day high of Rs156.10 and low of Rs156.01 and closed at Rs156.02.

The exchange rate in open market was remained unchanged. The buying and selling of dollar was recorded at Rs155.70/Rs156.20, the same previous day’s closing level, in cash ready market.

KARACHI: The Pak Rupee gained two paisas against dollar on Tuesday as State Bank of Pakistan (SBP) issued a framework for banks to take action against trade based money laundering and terror financing.

The rupee ended Rs156.06 to the dollar from previous day’s closing of Rs156.08 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs156.05 and Rs156.07. The market recorded day high of Rs156.10 and low of Rs156.00 and ended at Rs156.06.

The exchange rates in open market were remained unchanged. The buying and selling of dollar was recorded at Rs155.70/Rs156.20, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee ended firmer against dollar on Monday owing to lackluster demand after significant decline in trade deficit and current account deficit of the country.

The rupee ended at Rs156.08 to the dollar from last Friday’s closing of Rs156.07 in interbank foreign exchange market.

Currency dealers said that the rupee had maintained levels after sharp decline in import bill and current account deficit during the first quarter of the current fiscal year.

The foreign currency was initiated in the range of Rs156.10 and Rs156.20. The market recorded day high of Rs156.00 and low of Rs156.00 and closed at Rs156.08.

The exchange rate in open market however witnessed increase in rupee value. The buying and selling of rupee was recorded at Rs155.70/Rs156.20 from last Friday’s closing of Rs155.80 and low of Rs156.30 in cash ready market.

KARACHI: The Pakistani rupee continued its upward trajectory, gaining 11 paisas against the US dollar on Friday, driven by an influx of export receipts. This positive movement saw the rupee closing at Rs156.07 to the dollar in the interbank foreign exchange market, an improvement from the previous day’s closing of Rs156.18.

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KARACHI: The rupee gained 14 paisas against dollar on Thursday owing to improved economic sentiments.

The rupee ended Rs156.18 to the dollar from previous day’s closing of Rs156.32 in interbank foreign exchange market.

Currency dealers said that the successful visit of the prime minister to China helped confidence building in the market. Besides, inflows of export receipts also helped the local currency to appreciate.

The foreign currency market initiated in the range of Rs156.21 and Rs156.24. The market recorded day high of Rs156.28 and low Rs156.17.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.90/Rs156.40 from previous day’s closing of Rs156.00/Rs156.50 in cash ready market.

KARACHI: The Pak Rupee gained 16 paisas against dollar on Wednesday owing to inflows of export receipts and workers’ remittances, dealers said.

The rupee ended Rs156.32 to the dollar from previous day’s closing of Rs156.46 in interbank foreign exchange market.

Currency dealers said that the market was opened on the higher demand for dollar. However, improved supply of dollar through export receipts and remittances helped the rupee to gain the value.

The foreign currency market was opened in the range of Rs156.40 and Rs156.44. The market recorded day high of Rs156.45 and low of Rs156.32 and closed at Rs156.32.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs156.00/Rs156.50 from previous day’s closing of Rs156.10/Rs156.60 in cash ready market.

KARACHI: The Pak Rupee ended down by five paisas against dollar on Tuesday in dull trading activities in foreign currency market.

The rupee ended Rs156.46 to the dollar from previous day’s closing of Rs156.41 in interbank foreign exchange market.

Currency dealers said that the market activities were remained dull as the exchange rate was remained in the band of eight paisas.

The foreign currency market was initiated in the range of Rs156.40 and Rs156.50. The market recorded day high of Rs156.48 and low of Rs156.40 and closed at Rs156.46.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar recorded at Rs156.10/Rs156.60 from previous day’s closing of Rs156.40/Rs156.80 in cash ready market.

KARACHI: The Pak Rupee gained 13 paisas against dollar owing to inflows of export receipts and remittances, dealers said on Monday.

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KARACHI: The Pak Rupee depreciated by 18 paisas against dollar on Friday owing to higher demand for import and corporate payments.

The rupee ended Rs156.54 to the dollar from previous day’s closing of Rs156.36 in interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for import and corporate payments due to weekly holidays ahead.

The foreign currency market was initiated in the range of Rs156.38 and Rs156.43. The market recorded day high of Rs156.55 and low of Rs156.40 and closed at Rs156.54.

The exchange rate in open market also witnessed depreciation of local currency. The buying and selling of dollar was recorded at Rs156.20/Rs156.70 from previous day’s closing of Rs156.00/Rs156.50 in cash ready market.