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
KARACHI: Pakistan’s total liquid foreign exchange reserves recorded a modest rise of $277 million during the past week. According to the State Bank of Pakistan’s (SBP) weekly report released on Thursday, the country’s total liquid foreign exchange reserves reached $16.875 billion as of June 6, 2025, up from $16.598 billion
KARACHI: The Pakistani rupee weakened against the US dollar on Wednesday, depreciating by 0.09% during the trading session. By the close of the day, the local currency settled at Rs282.47, marking a decline of Re0.26 compared to Tuesday’s closing rate of Rs282.21. On the global front, both the US dollar
KARACHI: As part of its Vision 2028 initiative, the State Bank of Pakistan (SBP) has announced the launch of the Pakistan Real-Time Interbank Settlement Mechanism Plus (PRISM+), effective from June 16, 2025. This move aims to enhance the country’s National Digital Payments Infrastructure. PRISM+ is based on the ISO 20022
