KARACHI: Pakistan’s current account posted a surplus of $1.8 billion during the first 11 months of the ongoing fiscal year (FY25), mainly driven by strong inflows of workers’ remittances. This surplus came despite a gradually widening trade deficit, fueled by a growing import bill and sluggish export performance. The steady
KARACHI: The Pakistani rupee declined against the US dollar on Friday, slipping by 0.10%. By the end of the trading session, the local currency closed at Rs282.96, marking a depreciation of Re0.29 compared to Thursday’s closing rate of Rs282.67. On the global front, the US dollar strengthened, gaining ground alongside
HOUSTON: Oil prices pulled back from multi-month highs reached earlier on Friday, as Israeli airstrikes appeared to spare Iranian oil infrastructure. Despite the retreat, prices remained nearly 6% higher amid investor concerns that escalating tensions could threaten Middle East oil supplies. Brent crude rose by $4.11, or 5.9%, to $73.47
KARACHI: The Pakistani rupee depreciated by 0.07% against the US dollar on Thursday. At the close of trading, the local currency stood at 282.67, down by Re0.20 compared to the previous day. On Wednesday, the rupee had closed at Rs282.47 against the greenback. Globally, the US dollar weakened on Thursday
