Rupee recovers sharply in open-market trade against USD
KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295…
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pak rupees
Rupee to fall as IMF urges market rate
KARACHI: The Pakistani currency witnessed a marginal recovery of 0.02% or Rs0.07, reaching Rs285.35 against the US dollar in the…
Another counter-cyclical approach to budget
ISLAMABAD: Amidst multiple crises, the government is busy planning the budget. It is a humongous task given the prevailing…
Rupee recoups some losses vs dollar
KARACHI: Pakistani currency on Thursday made a notable recovery of almost half a percentage point, or Rs1.39, and stood at…
Rupee sinks to new low at 308 in open market
KARACHI: Pakistani currency on Tuesday sank to a new record low at Rs308 against the US dollar in the open market, down 1%, or…
Rupee hits new 1-week low as downtick continues
KARACHI: Taking cue from the open market, Pakistani rupee maintained its downtick in the inter-bank market for the second…
Despite uncertainties, rupee remains stable
KARACHI: Despite the tumultuous state of Pakistani politics and economy, the local currency managed to maintain stability, closing…
Govt borrowing surges to Rs3.06tr
KARACHI: Pakistan’s latest bank credit data has depicted a worrisome picture, suggesting that financing for unproductive purposes…
Rupee hits one-month high at 283.39 to a dollar
KARACHI: Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar…
Rupee recovers nearly Rs3.5 over Saudi assurance
KARACHI: Pakistani currency got the much-awaited support and hit a one-week high beyond Rs285 to a dollar on Thursday after…