PSX crosses 56,000 points as rupee continues downward trend – Wajobz

PSX crosses 56,000 points as rupee continues downward trend – Wajobz

KARACHI: The Pakistan Stock Exchange (PSX) surpassed another milestone of 56,000 points to reach a new all-time high, extending the record-making spree on Monday. At the same time, the Pakistani rupee dropped to a six-week low of Rs288 against the US dollar in the inter-bank market due to an increase in demand for the greenback. … Read more

Rupee to face more pressure until conclusion of IMF review – Wajobz

Rupee to face more pressure until conclusion of IMF review – Wajobz

A foreign currency dealer counts US dollars at a shop in Karachi on March 2, 2023. — Online  Rupee depreciates by Rs2 against dollar this week.  Local closes at Rs287.03 per dollar on Friday.  Analyst not expecting rupee to exceed 290. KARACHI: The rupee is expected to remain under stress against the dollar in the … Read more