KARACHI: The Pakistani rupee strengthened against the US dollar, appreciating 0.19% in the inter-bank market on Thursday. At close, the currency settled at 284.22, a gain of Re0.54. On Wednesday, the currency settled at 284.76. Pakistan’s law enforcement agencies have reportedly launched a crackdown against foreign currency smugglers, aiming to
LONDON: S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and placed it on a ‘stable’ outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund support. “The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance
KARACHI: The Pakistani rupee saw a slight gain against the US dollar, appreciating by 0.07% in the inter-bank market on Wednesday. By the end of the trading session, the rupee closed at 284.76, marking an increase of Re0.21 from Tuesday’s closing rate of 284.97. Globally, the US dollar weakened against
KARACHI: The Pakistan Stock Exchange (PSX) experienced mild pressure on Tuesday as investors engaged in profit-taking, reassessing the sustainability of the recent bullish trend. This led to a modest retreat across key sectors. The benchmark KSE-100 Index declined by 165.26 points, or 0.12 percent, closing at 139,254.36 points, down from
