Foreign Exchange

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Foreign Exchange Reserves Increase by $393M, Reaches $4.4B

Abeer RehmanTagged , , , , , , , , , ,

The foreign exchange reserves of Pakistan witnessed an increase of 9.6% on Thursday on a week-on-week basis. The State Bank of Pakistan (SBP) reported that the foreign currency reserves rose to $4.4 billion, after an increase of $393 million. On June 23, 2023, the foreign exchange reserves were recorded at $4.06 billion. Experts claim that […]

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Pakistani Rupee Sets New Record; Drops to All-time Low Against Dollar

Abeer RehmanTagged , , , , , , ,

Image: The Current The Pakistani Rupee continued to depreciate further and was seen trading at Rs 293 against the US Dollar on Thursday. This indicates a drop of Rs 1.78 during the intraday trading. In the last four days, the Dollar has appreciated Rs. 9.41 against PKR.

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