The Pakistani Rupee (PKR) is likely to remain under pressure against the US Dollar next week due to import payments and trade deficit concerns.
Furthermore, the upcoming announcement of the federal budget for 2023-2024 has heightened the demand for foreign currency. As the corporate sector approaches the end of their financial year on June 30, they are actively accumulating dollars for repatriation purposes.
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On June 3, 2023, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 297.00, while the selling rate was Rs 300.00.
(more…)The Pakistani Rupee (PKR) experienced a depreciation of 30 paisas against the US dollar on Friday, primarily due to an increased demand for import and corporate payments.
(more…)On June 2, 2023, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 290.00, while the selling rate was Rs 298.00.
(more…)The Pakistani Rupee (PKR) has gained 9 paisas against dollar in interbank foreign exchange market on Thursday.
(more…)On June 1, 2023, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 308.00, while the selling rate was Rs 311.00.
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The recent circular issued by the State Bank of Pakistan (SBP) on May 31, 2023, allowing Authorized Dealers to purchase US Dollar from the Interbank for settlement of card-based cross-border transactions with IPS, has been welcomed by Zafar Paracha, the General Secretary of the Exchange Companies Association of Pakistan (ECAP).
(more…)The interbank foreign exchange market on Wednesday, witnessed a depreciation of 12 paisas in the Pakistani Rupee (PKR) against the US Dollar. This decline was primarily influenced by increased demand for the dollar and the prevailing political uncertainty.
(more…)On May 31, 2023, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 309.00, while the selling rate was Rs 312.00.
(more…)The Pakistani Rupee (PKR) experienced a marginal gain of seven paisas against the US dollar in the interbank foreign exchange market on Monday.
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