The Pakistani rupee strengthened against the dollar on Tuesday for the third straight session as the nation secured funding from China while virtually ongoing talks with the IMF for bailout funds.
During the opening hours of trading, the local currency showed marginal gains against the US dollar and was up 0.44 percent. In the interbank market, the PKR was quoted at 276.70, up Rs. 12.22 against the soaring US dollar.
The local currency settled at 277.92, with an appreciation of 0.19% against the US dollar on Monday as foreign exchange reserve held by the country’s central bank shored up after receiving a lifeline of $500 million from the Industrial and Commercial Bank of China (ICBC).
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining…
Members of the Sarhad Chamber of Commerce and Industry (SCCI) Executive Committee on Friday demanded…
The price of 24 karat per tola gold increased by Rs.1,300 and was sold at…
The weekly inflation, measured by the Sensitive Price Indicator (SPI), went up by 0.55 percent…
The Pakistani rupee on Friday appreciated by 08 paisa against the US dollar in the…
Federal Minister for Commerce Jam Kamal Khan on Friday pledged support for textiles and apparel…
Leave a Comment