On Thursday, the interbank market saw the Pakistani rupee recover 1.26% (or Rs3.60) to Rs284.25 against the US dollar, putting an end to its four-day losing streak. This recovery was …
rupee gains value
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Economy
Dollar continues its downward slide against PKR at opening of week’s trading
by Hamza Irshadby Hamza IrshadAs trading began on Monday, the Pakistani rupee maintained its upward trend versus the US dollar for the 12th straight session. Around 10:40 a.m., the local currency was trading in …
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Economy
Rupee goes up because IMF saves Pakistan from risk of going into default
by Hamza Irshadby Hamza IrshadOn Tuesday, when the International Monetary Fund’s (IMF) executive board renewed Islamabad’s long-awaited rescue program, the Pakistani rupee appreciated versus the US dollar during intraday trade. During Tuesday’s interbank trading, …
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On Tuesday, the rupee continued to rise against the dollar in the interbank market, rising to 228 to the dollar. According to the Forex Association of Pakistan, the Pakistani rupee …
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Economy
PKR rises by Rs. 1.6 in interbank after government secures a deal with IMF
by Hamza Irshadby Hamza IrshadDuring interbank trade on Thursday morning, the rupee increased by Rs1.6 to the dollar. Analysts generally attribute the rebound to Pakistan and the International Monetary Fund (IMF) achieving a staff-level …
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EconomyLatest Updates
Pakistan to receive $2 billion from IMF soon: PM Shehbaz
by Umar Sohailby Umar SohailPrime Minister Shehbaz Sharif on Tuesday said that Pakistan’s “ultimate goal is self-reliance” in response to news that the country will receive not $1 billion but $2 billion in loans …
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EconomyLatest Updates
Pakistan receives MEFP from IMF ahead of resumption of loan
by Umar Sohailby Umar SohailISLAMABAD: Pakistan today received the Memorandum of Economic and Financial Policies (MEFP) from the IMF which is a good omen for the resumption of IMF loan. After the announcement of …
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EconomyLatest UpdatesNational
China launches hundreds of aeroplanes near Taiwan
by Hamza Irshadby Hamza IrshadIt had been fewer than a month since China dispatched 30 fighter jets on a similar mission, making this the third time of Chinese aircraft crossing Taiwan’s ADIZ since the …
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Pakistani currency gained 1.46 percent in two days.
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EconomyExclusiveLatest Updates
Dollar crashes a day after SC restores National Assembly and orders to hold voting on no-confidence move on Saturday
by Umar Sohailby Umar SohailWith the passage of time, dollar is shedding more value after restoration of National Assembly by the Supreme Court of Pakistan