KARACHI, Pakistan (Web Desk) — By midday on Wednesday, the US dollar had lost another five rupees versus the local currency and was available for Rs295, resulting in a net gain of Rs10 over the previous two days. On Tuesday, the rupee gained Rs5, closing the day at Rs300 on the open market. However, in […]
As political unrest plagues markets, the Pakistani rupee plunged to its all-time low of 300 versus the US dollar during intraday trade today after dipping below 296 at 12:10 PM. The interbank rate lost Rs. 10 during the first few hours of intraday trade today, falling to Rs. 300.25 at 1:30 PM, down by 3.3 […]
KARACHI, Pakistan – The Pakistani rupee (PKR) lost 41 paisas versus the US dollar in Thursday’s interbank session, breaking its winning run. According to the statistics, the currency finished the deal at PKR 185.87 per USD, up from PKR 185.45 per USD yesterday. Meanwhile, the local stock market was in the red on Thursday, with […]
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 on and off for the past […]