KARACHI: The Pakistani rupee posted a slight gain against the US dollar on Friday, appreciating by 0.04% in the inter-bank market. The local currency closed at 284.46, up by Re0.10 from the previous day’s close of 284.56. Meanwhile, the US dollar strengthened globally amid renewed concerns over global trade disruptions,
ISLAMABAD: The government’s move to import 0.5 million tons of sugar — 300,000 tons through the Trading Corporation of Pakistan (TCP) and 200,000 tons via the private sector — is expected to raise the import bill by $275–280 million. However, it is unlikely to lead to a reduction in local
KARACHI: In a major development to the country’s external account, Pakistan’s total liquid foreign exchange reserves have surged past the $20 billion mark for the first time in three years, driven by strong foreign inflows. According to the weekly report issued by the State Bank of Pakistan (SBP) on Thursday,
KARACHI: Pakistani rupee declined further against the US dollar, depreciating 0.04% in the inter-bank market on Wednesday. At close, the currency settled at 284.47, a loss of Re0.11. On Tuesday, the currency settled at 284.36. Internationally, the US dollar rose for a third day against the yen on Wednesday as
