Rupee depreciates by 2 paisa against dollar in early trade
- 20-Jan-2020
The dollar is trading at 154.58
Rupee devaluation effects Steel prices- Crossed Rs 100,000 per ton
- 21-Jun-2018
KARACHI: Rupee shows continuous downward skim against the dollar, resulting in augmented steel prices at a record towering of Rs100,000 per ton, for the first time in the history of this industry. Nowadays, steel is widely consumed due to profound construction activities due to China-Pakistan Economic Corridor (CPEC). It is observed that high-grade steel made on […]
Rupee hits extreme low record of 125 against US dollar
- 21-Jun-2018
LAHORE: The rupee is on the mode of continuous depreciation against the US dollar, the drop is at extreme level of 125 against the greenback in the open market on Wednesday. In the meantime, the dollar weakened by Rs0.33 in the interbank market trading at Rs121.40, after climbing to Rs121.73 earlier. The US dollar hit a […]
KSE-100 plunge 680 points in Intra-day trading
- 21-Jun-2018
KARACHI: The KSE-100 Index plunge 728 points in intra-day trading before making some recovery due to continuous depreciation of rupee. The benchmark index was on a steady decline throughout the day as stocks faced across-the-board selling pressure. It is suspected that Pakistan name will be placed on grey list by the Financial Action Task Force (FATF) […]
Recurring hike in Dollar before Eid-ul-Fitr
- 15-Jun-2018
KARACHI: Pakistani rupee continuously depreciates within this week against surging US dollar in the open market after a hike of the local record low of Rs123 to greenback in intra-day trade in inter-bank market on Thursday before Eid-ul-Fitr. This depreciation is marked the lowest at the closing hours, when commercial banks usually buy and sell […]