Tag: US Dollar

Karachi, October 2, 2024 – The Pakistani rupee showed a slight improvement on Wednesday, appreciating by 5 paisas against the US dollar. The currency closed at PKR 277.64 in the interbank foreign exchange market, up from the previous day’s close of PKR 277.69.

Karachi, October 1, 2024 – The Pakistani Rupee registered a slight appreciation against the US dollar on Tuesday, closing at PKR 277.69 compared to the previous day’s closing rate of PKR 277.71 in the interbank foreign exchange market. This modest gain, although minimal, has garnered attention in financial circles, as market watchers continue to scrutinize the currency’s fluctuating trajectory.

Karachi, September 30, 2024 – The Pakistani rupee weakened against the US dollar on Monday, slipping by 7 paisas, as the market faced rising demand for foreign currency due to import and corporate payments. The rupee ended the day at PKR 277.71 per US dollar, down from the previous trading day’s closing of PKR 277.64, reflecting the impact of increased dollar demand on the interbank foreign exchange market.

KARACHI – The Pakistani rupee is anticipated to sustain its recent gains against the US dollar in the upcoming week, buoyed by positive sentiment surrounding the economy after Pakistan received over $1 billion from the International Monetary Fund (IMF) as part of a larger $7 billion loan package, dealers and analysts reported.

Karachi, September 27, 2024 – The Pakistani rupee gained modest ground on Friday, appreciating by 5 paisas against the US dollar despite high demand for import payments. At the close of the interbank foreign exchange market, the rupee stood at PKR 277.64 per dollar, up from the previous day’s PKR 277.69.