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Tag Archives: dollar

Dollar weak in open market, strong at inter-bank

KARACHI: The US dollar strengthened 10 paisas in inter-bank market to reach 101.8 and weakened in open market by 15 paisas to reach 102.1 against Pakistani rupee on Tuesday. On Monday, however, dollar was sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisas against dollar on ... Read More »

Dollar gains 20 paisa against rupee in open market

KARACHI: The US dollar sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisa against dollar on the first day of trading. As per details, US dollar strengthened 20 paisa against rupee in open market to reach 102.25 on Monday. Financial analysts were of the view that ... Read More »

Weekly review: Dollar emerges firm against Pakistani rupee

LAHORE: The US dollar gained 20 paisa in inter-bank and open markets during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 101.5 on Monday and 101.7 on Friday, while, in open market its value was 101.85 on Monday and 102.05 on Friday, which shows 20 paisa decrease in rupee value ... Read More »

US dollar sheds 50 paisa against rupee

KARACHI: The Pakistani rupee strengthened against the US dollar in inter-bank market as it adds 50 paisa on the last trading day of the week. Although, the US dollar has strengthened 30 paisa against rupee in open market to reach Rs 102.05 in open market, it lost 50 paisa in inter-bank to reach 101.7 on Friday. Economic experts analyzed that ... Read More »

Dollar downs against Pak rupee in inter-bank

KARACHI: The US dollar weakened against the Pakistani rupee after consecutive gains in three days in inter-bank market as opposition parties in the assembly are making frantic efforts to break the deadlock after negotiating with Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri. US dollar has weakened 10 paisa against rupee in inter-bank ... Read More »

Rupee strong in inter-bank, weak in open market

The US dollar lost 30 paisa against Pakistani rupee on Monday in inter-bank transactions despite the situation worsened in the federal capital where protesters have been trying to enter the Prime Minister’s House and police are trying to stop them. On Friday, the rupee strengthened to 101.85 and 101.5 gaining 60 and 62 paisa against US dollar in open and inter-bank ... Read More »

Weekly roundup: Rupee manages to reverse dollar blows

ISLAMABAD: The sentiments-driven rupee received blows on Monday on the back of what the market gurus called the political turmoil haunting the country’s feeble economy for more than two weeks in the name of Azadi and Inqilab marches led by Imran Khan and Tahirul Qadri. Followers of Khan and Tahirul Qadri have been massed outside Parliament since Aug 15 in ... Read More »

Rupee strengthens 60 paisa against dollar

The US dollar lost 60 paisa against Pakistani rupee on Friday in both inter-bank and open markets despite the business activities have been slowed down amid uncertainty on the political front for the last two weeks. On Thursday, the US dollar gained 75 paisa against Pakistani rupee in open market to reach 102.45 as the rupee could not maintain its ... Read More »

Imran, Qadri sit-ins: Women’s chamber for early end to political crisis

ISLAMABAD: The Islamabad Women Chamber of Commerce and Industry (IWCCI) has called for early resolution of the prevailing political crisis through meaningful dialogue between the government, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). The IWCCI also termed the ongoing sit-ins in capital in the name of Azadi and Inqilab marches against the national interests and tantamount to destabilising the ... Read More »

Imran, Qadri sit-ins: A mixed week for KSE 100-index

KARACHI: A war of nerve between bulls and bears had been continuing at the Karachi Stock Exchange for the entire previous week as the KSE 100-index jolted many a time owing to Azadi and Inqilab marches led by Imran Khan, the chief of Pakistani Tehreek-e-Insaf (PT) and Dr Tahirul Qadri, the chief of Pakistan Awami Tehreek (PAT) in the federal ... Read More »

Need to work out win-win solution

 The political chaos created by the sit-ins by Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek leader Dr Tahirul Qadri has begun to dent the national economy. The Pakistani rupees is continuing shedding its value against dollar while trade and business activities are also slowing down in the twin cities and elsewhere in the country. It is reported that ... Read More »

Imran, Qadri sit-ins: Gold prices slip down by Rs 50 per tola

LAHORE: Gold prices once again went down in the local market as one tola or 11.644 gram of 24-karat sold at Rs 49,100 after decrease of Rs 50 per tola. Similarly, the price for 22 karat gold per tola also decreased Rs 70 per tola and sold at Rs 48,900 per tola. The silver prices closed at Rs 750 per ... Read More »

Overseas investment: Capital outflow reaches $457m in 5 years

ISLAMABAD: The statistics of the Finance Ministry reveals that $457 million capital has been transferred for overseas investment with the approval of the State Bank of Pakistan and Economic Coordination Committee of the Cabinet in the last five years (2009-14). Official documents revealed that $298 million outflow was recorded during 2012-13 which is the highest in five years. This was ... Read More »

KSE rises by 200 points amid thaw in political impasse

KARACHI: Amid signs of thaw in the prevailing political impasse that have gripped Pakistan for the past one week, stocks witnessed a sharp rise on Thursday as Karachi Stock Exchange 100-index rose by 200.41 points and crossed the level of 28865.25. On the other hand, in inter-bank market, the dollar fell to Rs 100.90 as it saw a slight decline ... Read More »

Rupee weakens against dollar amid Azadi, Inqlab marches

KARACHI: The call of civil disobedience and sit-ins against government has added to the confusion prevailing in open and intra bank markets. The value of Pakistani rupees has decreased to Rs99.95 in open market against US dollar. Also intra bank rate of dollar touched Rs100.1 with an increase of 6 paisa. Financial analysts said that because of political turmoil and ... Read More »

Stagnant inflow, debt servicing shrink forex reserves

KARACHI: Foreign exchange reserves of the State Bank of Pakistan declined due to external debt servicing and no fresh inflow over the past two months. According to a State Bank report, the reserves held by the bank declined by $89 million to $9.188 billion during the week ended on Aug 8 as against $ 9.277bn in the previous week. Total ... Read More »

Rupee weakens against dollar

KARACHI: The value of dollar strengthened in inter-bank market against Pakistani rupees and traded at highest rate of Rs 99.30 in interbank. The data provided by the Forex Association of Pakistan has revealed that dollar traded at lowest rate of Rs 99.20 and highest rate of Rs 99.30 in interbank market while it was traded at minimum price of Rs ... Read More »

Dollar at 40-day high against rupee

KARACHI: After dipping more than a month, dollar crossed Rs99 rupees a dollar both in inter-bank and open market. With the beginning of Ramazan, dollar had fallen to below Rs99 and most of the time kept hovering around Rs98.50. However, for the first time in 40 days, the US currency gained strength to cross Rs99. Political uncertainty and a number ... Read More »