Karachi: The Pakistani rupee continued its slight upward trend, appreciating by 0.03% to close at 282.87 against the US dollar in the inter-bank market on Thursday. This marks a gain of Re0.08 from the previous day. Globally, the US dollar hovered near a two-month high as Federal Reserve Chair Jerome
The federal government has increased the price of high-speed diesel (HSD) by Rs 1.48 per litre, despite the international premium staying unchanged at $3.20 per barrel. In contrast, petrol prices have been reduced by Rs 7.54 per litre due to a $3 per barrel drop in global prices. These changes
The Pakistani rupee continued its upward trend on Wednesday, appreciating by 0.04% to close at 282.95 in the inter-bank market, up from 283.05 a day earlier. The recent crackdown on black market dollar trading has helped strengthen the rupee, though traders report that unofficial currency dealings have adapted by shifting
The State Bank of Pakistan’s Monetary Policy Committee (MPC) unexpectedly kept the policy rate unchanged at 11% on Wednesday, citing concerns over rising inflation and a widening trade deficit. Despite cutting the rate from 22% to 11% between June 2024 and May 2025, the MPC has held it steady for
