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PKR Showed Marginal Improvement

KARACHI: The Pakistani rupee recorded a slight gain against the US dollar, appreciating by 0.02% in the interbank market on Thursday. By the close of trading, the local currency stood at 283.67, up by Re0.05 compared to Wednesday’s closing rate of 283.72. On the global front, the US dollar declined

Banks to Impose Limits on Large Cash Withdrawals.

ISLAMABAD: In a move to curb economic activity by non-filers, banks will be prohibited from allowing cash withdrawals exceeding a specified limit from the accounts of ineligible persons, as outlined in the amended Finance Bill (2025-26). This new regulation will take effect from July 1, 2025, and targets non-filers specifically.

Pakistani Rupee Posted Marginal Decline

KARACHI: The Pakistani rupee recorded a slight decline against the US dollar on Monday, slipping by 0.06% in the interbank market. At the close of trading, the rupee settled at 283.87, down by Re0.17 against the dollar. During the previous week, the local currency had also lost ground, falling by

Oil Prices Tumbled $5 a Barrel, or Over 6%,

HOUSTON: Oil prices plunged by over $5 a barrel, or more than 6%, on Monday following Iran’s retaliatory strike on a US military base in Qatar in response to American airstrikes on its nuclear facilities over the weekend. Despite the escalation, Iran did not interfere with the flow of oil

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