Rupee falls for second straight session

A money trader counts US dollars for a customer at a currency exchange office in Karachi on July 19, 2022. — Online The Pakistani rupee fell sharply against the dollar on Wednesday due to import pressure, analysts said. The local currency fell Rs3.26 or 1.16% against the dollar in the interbank market to close at […]

Rupee falls first time in four weeks | The Express Tribune

KARACHI: After recovering 11% in the past 28 consecutive working days, Pakistani currency on Tuesday depreciated 0.07% and closed at Rs277.03 to a dollar in inter-bank market on the back of uptick in demand for the greenback. Market talk suggests the rupee has reached its “fair value” at Rs277/$ and the slight correction did not […]

Petrol price falls by Rs40, diesel by Rs15 per litre

A closeup of a fuel gun. — AFP/File ISLAMABAD: In view of the fluctuations in global oil prices and rupee’s appreciation against the US dollar, the caretaker government on Sunday slashed the price of petrol by Rs40 per litre and that of high-speed diesel (HSD) by Rs15 for the next fortnight. According to a notification […]

Dollar falls by Rs1.05 as rupee strengthens for 17th consecutive session

A currency dealer can be seen counting $100 notes while Rs5,000 notes are placed on the table. — AFP/File The Pakistani rupee as part of its recent upward trend, strengthened by Rs1.05 in the interbank market on Wednesday. The rupee appreciated by 0.36% against the US Dollar from yesterday’s close of Rs289.8 as the greenback […]

Rupee falls to all-time low of 300 against dollar

A currency dealer counts US dollars at a shop in Karachi. — AFP/File The Pakistani rupee plunged to its historic low against the US dollar as it traded at 300.25 in the interbank on Thursday, according to data from the Exchange Companies Association of Pakistan (ECAP). The pressure increased on the local currency as demand grew […]

Gold price in Pakistan falls despite rise in international rates

A representational image of gold jewellery. — AFP/File Gold price in Pakistan declined by Rs2,400 per tola as the rupee made gains against the US dollar in the interbank market on Wednesday. According to data issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) on Wednesday, the price of gold (24 carats) declined by Rs2,400 […]

Gold price in Pakistan registers gains as local currency falls

A sales assistant arranges gold bangles in a jewellery shop. — AFP/File Gold price in Pakistan on Monday witnessed an increase of more than Rs2,000 per tola as the local currency fell to Rs287.92 against the US dollar. According to data issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 […]

Gold falls by over Rs2,000 as rupee strengthens

The picture shows gold bangles on display. — AFP/File  KARACHI: The prices of gold in the local market fell on Tuesday for the second time this week as the rupee showed a rich recovery against the dollar after the International Monetary Fund (IMF) deal.  The price of gold (24 carats) decreased by Rs2,200 per tola […]

Oil falls as rate hike fears offset inventory drop | The Express Tribune

LONDON: Oil fell on Wednesday, giving up earlier gains, as worries over further interest rate hikes and slowing demand offset support from an industry report showing a larger-than-expected drop in US crude inventories. Benchmark Brent crude prices are down over 15% this year as rising interest rates hit investor appetite, while China’s economic recovery has […]

Gold extends losses in Pakistan, price falls by Rs200 per tola

An undated image of gold jewellery showcased in a jewellery store. — AFP/File KARACHI: The gold price in Pakistan on Thursday continued to decrease for the fifth consecutive session in line with the developments in the international market and the rupee’s appreciation against the dollar.  The price of gold (24 carats) decreased by Rs200 per tola […]

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