Today, the Pakistani Rupee (PKR) fell to an all-time low versus the US Dollar (USD) and lost ground in the interbank market.It fell 0.85 percent versus the US dollar today, closing at Rs. 194.18 after losing Rs. 1.65 in the interbank market. During today’s open market session, the rupee reachedContinue Reading
Pakistan Customs confiscated Qatari Riyals worth USD 38,500 on Sunday at Peshawar Airport, as part of its continuing operations against money smuggling.The confiscation is estimated to be worth 146,000 Qatari Riyal. The culprit has been apprehended, and an investigation is ongoing. Imran Khan, Passport No. 1570-65304-1, of Dir Upper, wasContinue Reading
KARACHI: On Thursday, the Pakistani rupee continued to depreciate against the US dollar in the interbank market for the ninth consecutive session. According to forex dealers, the domestic currency depreciated one paisa against the greenback at the start of the session, dropping to a new low of Rs181.74. The USContinue Reading
As investors and traders considered the latest developments in the Ukraine crisis and more hawkish statements from US Federal Reserve officials, Asian stocks dipped on Thursday (March 24), while the sell-off in US Treasuries stalled and oil prices increased. The Nikkei 225 index of Japan started the morning session downContinue Reading
Saudi Arabia is considering pricing part of its oil shipments in Yuan, undermining the US dollar’s dominance in the global petroleum market and signalling yet another shift toward Asia by the world’s top crude producer.According to the Wall Street Journal, negotiations with China over yuan-priced oil contracts have been onContinue Reading
According to the State Bank of Pakistan, the Pakistani rupee declined by 21 paisas versus the US dollar in interbank trade on Monday, finishing at Rs177.62 against the previous day’s closing of Rs177.41 (SBP). According to the Forex Association of Pakistan, the open market buying and selling values of theContinue Reading