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Rupee loses ground, closes at 154.5 Currency has dropped Rs1.75 in past two weeks in inter-bank market Alpha Beta Core CEO Khurram Schehzad said the new regulations would improve the rupee-dollar parity. PHOTO: FILE KARACHI: Pakistani currency touched one-month low at Rs154.5 against the US dollar in the inter-bank market on Tuesday in the wake of decisions taken by the federal and provincial governments to impose stricter restrictions to contain the spread of third wave of Covid-19. The increased restrictions may impact domestic production and export earnings as well as lead to an increase ...

World Bank sets tough loan terms Finance ministry seeks three budget support loans totalling $1.5b before end of June Alpha Beta Core CEO Khurram Schehzad said the new regulations would improve the rupee-dollar parity. PHOTO: FILE ISLAMABAD: The World Bank has set tough conditions for $1.5 billion lending such as increase in electricity rates, introduction of new power and tax policies, putting the government in a tight spot that is already seeking a review of the International Monetary Fund (IMF) deal. The finance ministry was seeking three budget support loans totalling $1.5 billion from ...

Pakistani Rupee traded at nearly one year low at the interbank currency market today, at Rs. 157.85 against the US Dollar. The previous all-time low was

‘Margin trading and deliverable contracts were typical instruments of pump-and-dump’

The rupee strengthened against the US dollar at Rs158.46 in the inter-bank market