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Rupee takes a hit, falls to record low of 299

KARACHI: The rupee suffered a major blow as political instability in Pakistan grew with the arrest of Pakistan Tehreek-e-Insaf Chairman Imran Khan and the ensuing countrywide violent protests by the PTI activists and supporters. The…

IMF seeks time to review MFFP

Islamabad: The review mission of the International Monetary Fund has sought time to review the Memorandum of Economics and Fiscal Policy (MFFP) submitted by Pakistan, due to which Pakistan and the International Monetary Fund (IMF) ) virtual…

Rise in the value of rupee against dollar

Karachi: In view of the arrival of 6 to 8 billion dollars from international financial institutions and 1 billion dollars from friendly countries in the form of flood relief funds, the high flight of the dollar stopped and the rupee…

Dollar 49 paisa expensive in interbank

Karachi: In the interbank currency market, the rate of dollar increased by 49 paise to 223.66 rupees. The dollar continued to fly in both foreign exchange markets, the value of the dollar in the open currency market increased by 1.05…

Devaluation of the dollar in interbank

Karachi: The value of the dollar in the interbank market has fallen by another 43 paise to Rs 220.40. In the open currency market, the dollar remained unchanged at the level of 224.90 rupees. In the interbank market, a limited flight of…

Dollar value increase slightly

Karachi: After the government's permission to pay import letters of credits up to 50 thousand dollars and the pressure of the finance minister's departure abroad, the value of the dollar increased again on Wednesday, making the open rate of…

Dollar fell to 227 rupees PKR

Karachi: The series of declines in the value of the dollar continues, even today the interbank rate of the dollar has decreased by one rupee and 17 paise. The dollar has continued to depreciate since the Prime Minister's foreign visits…