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Dollar sheds 30 paisa in open market to stand at 101.45

KARACHI: Pakistani rupee Friday gained remarkable value against US dollar in open market, but depreciated in interbank. As per the currency market, the US dollar shed 30 paisa in open market to stand at 101.45 and gained 10 paisa in interbank to reach 101.6 on the last trading day. On Thursday, the greenback lost 10 paisa in interbank to reach ... Read More »

Rupee strengthens against dollar, gains 10 paisa to reach 101.5

KARACHI: Pakistani rupee Thursday again strengthened against the US dollar in interbank, and remained firm in open market. According to local currency market, US dollar lost 10 paisa in interbank to reach 101.5, however, it remained steady in open market and stand at 101.75. On Wednesday, the greenback got 30 paisa in interbank to reach 101.6 and shed 25 paisa ... Read More »

Dollar gains 30 paisa vs rupee on technical correction

KARACHI: Pakistani rupee Wednesday lost value against US dollar in interbank on technical correction, but strengthened in open market. According to local currency market, the greenback gained 30 paisa in interbank to reach 101.6 and shed 25 paisa in open market to stand at 101.75. On Tuesday, the dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open ... Read More »

Rupee vs dollar set to break Rs100 barrier, records 1.793% jump in 4 days, at Rs101.3

KARACHI: Pakistani rupee is set to break Rs100 barrier as it records 1.793 per cent jump against US dollar in 4 days and reached Rs101.3. As per the local currency market, the US dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open market at 102. On Monday, the greenback lost 50 paisa in interbank ... Read More »

Rupee heading towards Rs100 vs dollar, gains 60 paisa to reach 101.3

KARACHI: Pakistani rupee Tuesday further gained remarkable value against the US dollar in interbank, while remained unchanged in open market. As per the local currency market, the US dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open market at 102. On Monday, the greenback lost 50 paisa in interbank to reach 101.9, while it ... Read More »

Rupee keeps trampling dollar, gains 60 paisa to reach 101.3

KARACHI: Pakistani rupee Tuesday further gained remarkable value against the US dollar in interbank, while remained unchanged in open market. As per the local currency market, the US dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open market at 102. On Monday, the greenback lost 50 paisa in interbank to reach 101.9, while it ... Read More »

Rupee records Rs1.25 gain vs dollar at 1.226% in 3 days to Rs101.9 as POL import bills plunge

KARACHI: Pakistani rupee Monday took another leap against US dollar both in interbank and open market and recorded 50 paisa gain as petroleum, oil & lubricants (POL) import bills plunged due to lowering international oil prices to $83.39 per barrel, lowest since December 1998. As per the local currency market, the greenback shed 50 paisa in interbank to reach 101.9, ... Read More »

Pak rupee takes another plunge, gains 50 paisa to reach 101.9

KARACHI: Pakistani rupee Monday took another plunge against US dollar both in interbank and open market as Karachi Stock Exchange (KSE) 100-index also crossed 31,000 points psychological barrier. As per the local currency market, the greenback shed 50 paisa in interbank to reach 101.9, while it dropped 50 paisa in open market to stand at 102 on the first day ... Read More »

Rupee leaps: Gains 60 paisa against dollar at 0.6186% in a single day to reach 102.5

KARACHI: Pakistani rupee has gained a noticeable value of 0.6186% in a single day against the US dollar both in open market and interbank as the Karachi Stock Market is also keeping its record-breaking upward rally. As per the local currency market, the greenback lost 60 paisas in open market to stand at 102.5 and 50 paisas in interbank to reach 102.4 on ... Read More »

Rupee leaps: Gains 60 paisa against dollar at 0.6186% in a single day to reach 102.5

KARACHI: Pakistani rupee Friday gained a noticeable value of 0.6186% in a single day against the US dollar both in open market and interbank as the Karachi Stock Market is also keeping its record-breaking upward rally. As per the local currency market, the greenback lost 60 paisas in open market to stand at 102.5 and 50 paisas in interbank to reach 102.4 ... Read More »

Pak rupee depreciated in interbank

KARACHI: Pakistani rupee Tuesday lost its value against US dollar in interbank, but remained stable in open market. According to the local currency market, US dollar gained 20 paisa to reach 102.9 in open market, while it remained unchanged in interbank at 103.45. On Monday, rupee remained unchanged at 103.45 and 102.7 in open market and interbank respectively. Read More »

Power tariff up by 52 paisa, fuel cost remains Rs60.54b in Sept

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has once again increased power tariff by 52 paisa per unit on account of monthly fuel price adjustment despite a plunge in the price of furnace in the international oil market. Nepra acting Chairman Habibullah Khilji took the decision during a public hearing. The power consumers will now have to pay Rs4.5 ... Read More »

Power tariff may up by 52 paisa/kwh as Discos seek hike

ISLAMABAD: For September, Nepra is expected to permit a further hike of 52 paisa per kilowatt hour, in the tariff of ex-Wapda distribution companies (Discos). The figures provided by the Central Power Purchasing Agency say that a total of 9125 Gigawatts hours (Gwh) electricity was generated during the month of September, while 8,934.91 (GWh) electricity was delivered to Discos worth ... Read More »

Pak rupee slightly strengthens in open market

KARACHI: Pakistani rupee gained value against US dollar in open market, and also remained stable in interbank on Friday, the last trading day. According to the local currency market, US dollar lost 4 paisa to reach 103.1 in open market and remained steady in interbank on 102-7. On Thursday, US dollar gained 10 paisa to reach 103.5 in open market, ... Read More »

Pak rupee sheds 10 paisa in open market

KARACHI: Pakistani rupee Thursday further lost its value against US dollar in open market, but remained stable in interbank. According to the data provided by the Forex Association of Pakistan, US dollar gained 10 paisa to reach 103.5 in open market, while it remained stable at Rs102.70 in interbank. On Wednesday, dollar took marginal strength against rupee in interbank while ... Read More »

Pak rupee weakens in open market

KARACHI: Pakistani rupee Tuesday further depreciated against US dollar in open market, but remained stable in interbank amid continued political turmoil. According to the currency dealers, US dollar gained 10 paisa and reached 103.1 in open market, while rupee remained stable in interbank on 102.7. On Monday, the local unit did not show any variation for the buying and selling ... Read More »

Rupee remains steady against greenback

KARACHI: Pakistani rupee remained stable against US dollar in both interbank and open market on Monday. According to the currency dealers, the local unit did not show any variation for the buying and selling of the dollars on the first trading day. The rupee was traded at 102.7 in interbank, while it was traded at 103 in open market against ... Read More »

Power tariff hiked by 43 paisa ahead of crucial IMF talks

ISLAMABAD: The federal government has increased power tariff by 43 paisa per unit for the consumers of all distribution companies, except Karachi Electric Supply Company Ltd (K-Electric). Sources said that the government has increased the tariff to service about Rs147 billion bank loans. “The Ministry of Water and Power imposed the hiked tariff as an equalisation surcharge,” they added. The ... Read More »

US dollar rises to 103 in open market

KARACHI: Pakistani rupee further depreciated against US dollar in open market, but remained stable in interbank on Friday, the last trading day. According to the currency dealers, US dollar gained 5 paisa and reached 103 in open market, while rupee remained stable in interbank on 102.7. On Thursday, the local unit did not show any variation for the buying and selling ... Read More »

Rupee remains firm against US dollar

KARACHI: Pakistani rupee Thursday remained stable against US dollar in both open market and interbank. According to the currency dealers, the local unit did not show any variation for the buying and selling of the dollars, as there was neither payment nor buying pressure witnessed in the market. In open market, the rupee was traded at 102.95, while in interbank, ... Read More »