Rupee rises against the dollar, moves to Rs150.50 in open market

Rupee rises against the dollar, moves to Rs150.50 in open market

The rupee continued its gradual recovering against the dollar yesterday (Monday),  as the greenback fell by Rs1.16 at interbank to close at Rs149.74. According to sources, Monday was the third straight day that the Pakistani currency recovered at the interbank and open market against the US dollar since it slipped to record...

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Rupee’s value is in tune with the market: Asad Umar

Rupee’s value is in tune with the market: Asad Umar

According to media reports, Finance Minister Asad Umar said that there is no reason for any further devaluation in the rupee. Addressing a ceremony at Pakistan Stock Exchange in Karachi by video link from Islamabad, the Finance Minister said, “Rupee’s value is in tune with the market and the State...

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Rupee continues to weaken against dollar

Rupee continues to weaken against dollar

KARACHI: The rupee weakened against the dollar at Rs138.85/Rs139.35 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs138.8/Rs139.3, according to forex.pk. Last year in November, the rupee fell to an all-time low at Rs144 against the dollar in intra-day trading before recovering to Rs139.05 in the sixth round...

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Treatment beyond the reach of poor as drug prices hike

Treatment beyond the reach of poor as drug prices hike

ISLAMABAD: The Supreme Court of Pakistan (SCP) on Tuesday noted that the recent hike in drug prices by as much as 15 per cent was inevitable and restrained itself from commenting on the matter. The court was hearing a case related to the use of substandard stents on the plea of National...

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Google’s currency converter glitch creates uncertainty

Google’s currency converter glitch creates uncertainty

KARACHI: Google’s online exchange rate converter experienced glitches Tuesday night as it showed incorrect values of various currencies against the Pakistani rupee. In what could have possibly become a major market-wide panic had this happened after the opening bell, the values of the US dollar, euro, the United Arab Emirates (UAE/Emirati) dirham,...

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