• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Thursday, July 10, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel Tensions
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Dollar eases to 185.45 as rupee extends gains for third day

Pakistani rupee recovered to 185.45 against the US dollar for the third straight day on Wednesday, as reports about revival of the International Monetary Fund (IMF) loan programme provided some stability to the market.

The State Bank of Pakistan said in a statement that the rupee opened at 185.62 against the US dollar in the interbank market and closed at 185.45 after gaining 17 paisas (+0.09 percent). Within the open market, the rupee was traded at 185/186.5 per dollar without any change.

The rupee has gained Rs1.30 against the dollar during the last three days. During the last week, the rupee shed Rs5.20 against the US dollar and slipped to 186.75 from 181.55. Overall, the rupee devalued by Rs28.02 against the US dollar during the ongoing fiscal year 2021-22 and Rs9 during the current year 2022.

According to experts, although there is stress on the economy, some stability is visible. Despite better exports, the current account deficit has surged to alarming levels and in order to address this challenge, there is a need to look at the agriculture sector and curtail needless imports, they added.

Currency dealers believe that the IMF statement, saying the Fund mission will visit Pakistan in May to resume discussions over policies for completing the seventh review has helped sentiment, as did the news of extending the stalled programme by up to one year and increasing the loan size to $8 billion from $6 billion. Traders and markets are looking at the IMF as progress with the Fund instils investor confidence in the economy, stabilises Pakistan’s foreign exchange reserves, and unlocks funding from other international financial institutions.

Besides IMF programme revival, expected $2.4 billion rollover from China and other foreign inflows would provide much-needed support to the balance of payments and the currency as well.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Humaira Asghar’s brother rushes to claim her remains

EU, Pakistan sign €20m deal for business reforms

Vehicle owners get relief: 10% discount on token tax till august 30

Zelenskyy calls for urgent boost in defence funding amid Russian attacks

Sindh govt vacates unsafe Lyari buildings after collapse kills 27, six SBCA officers arrested

Pakistan

Sindh govt vacates unsafe Lyari buildings after collapse kills 27, six SBCA officers arrested

PM directs overhaul of PNSC to create global-standard shipping giant

Ahmad Nadeem Qasmi’s legacy lives on as nation marks 19th death anniversary

Meta joins Pakistan’s AI revolution with local support and training

Pakistan army vows decisive action against India-backed terror proxies

More Posts from this Category

Business

Pakistan seeks billion-dollar deal for iconic Roosevelt hotel

Pakistan launches first-ever national dredging company to strengthen port operations

Pakistan regulates crypto: New authority formed under 2025 ordinance

Pakistan’s trade with Iran grows 18% despite regional tensions

Carpet exporters hit by high taxes on inputs, demand urgent support

More Posts from this Category

World

Zelenskyy calls for urgent boost in defence funding amid Russian attacks

India faces global criticism over Kashmir as UN resolutions continue to be ignored

Saudi Arabia executes over 100 foreigners in 2025 amid surge in death penalties

More Posts from this Category




punjab

Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy