KARACHI: The Pakistani currency has remained stable near its recent five-and-a-half-month high for the past couple of days, closing at Rs277.93 against the US dollar in the interbank market on Friday. The currency has been fluctuating around this level, approaching the significant psychological threshold of Rs277/$. According to the State …
MUMBAI: The current account deficit narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion – 2% of GDP – recorded in the year-ago period. Analysts are …
KARACHI: The Pakistani currency reached a new five-month high at Rs278.14 against the US dollar in the interbank market, continuing its winning streak for the seventh consecutive working day, driven by persistent improvements in the country’s foreign exchange reserves. Market discussions suggest that the rupee received further support against the …
KARACHI: The Pakistani currency edged up to a new over five-month high at Rs278.74 against the US dollar in the interbank market, maintaining an uptick for the third consecutive working day, fuelled by relatively better supply of the greenback in the domestic economy. According to the State Bank of Pakistan’s …
KARACHI: Pakistani currency on Friday hit a four-and-a-half-month high at Rs279.04 against the US dollar in the inter-bank market where it extended its uptrend for the second consecutive day. The latest, meaningful increase in the rupee value came in the wake of International Monetary Fund’s (IMF) positive response to Pakistan …