Early Trade: PKR falls by another 86 paisa

News Image

MG News | April 19, 2022 at 09:16 AM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

April 19, 2022 (MLN): Continuing its downward momentum, the Pakistani rupee (PKR) has weakened by 86 paisa against the US Dollar (USD) in an early trade on Tuesday, hurt by higher imports and rising oil prices.

The dollar was quoted at 183.36/ 183.56 (09:16 PST) when compared to the previous close of Rs182.54.

 "Yesterday the rupee moved within 95 paisa band. The pressure on local currency mounted after reports of a fall in forex reserves & higher oil prices," Asad Rizvi, the former Treasury Head at Chase Manhattan Bank said on Twitter.

The economy is facing a series of tough events. Falling reserves, a sharp increase in imports and skyrocketing commodity prices are the real challenges for the new managers while the Pakistan -International Monetary Fund (IMF) formal dialogue which was set to begin yesterday could give some breathing space.

Copyright Mettis Link News

 

Related News

News
PKR maintains upward momentum vs USD
News
NBP issues foreign exchange rates
News
PKR extends winning streak against USD
Name Price/Vol %Chg/NChg
KSE100 171,725.29
261.56M 		2.31%
3881.05
ALLSHR 103,214.49
498.64M 		2.00%
2024.02
KSE30 51,517.14
135.33M 		2.40%
1209.13
KMI30 246,565.71
111.44M 		2.29%
5524.54
KMIALLSHR 67,042.77
274.55M 		1.94%
1273.86
BKTi 47,299.71
43.26M 		3.04%
1394.54
OGTi 36,341.37
10.64M 		2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,730.00 77,935.00
76,105.00 		955.00
1.26%
BRENT CRUDE 98.28 98.45
97.12 		2.14
2.23%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00 		-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00 		0.30
0.27%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 91.92 93.90
89.41 		-4.68
-4.84%
SUGAR #11 WORLD 14.68 0.00
0.00 		-0.02
-0.14%
Chart of the Day
Latest News
May 26, 2026 at 04:42 AM GMT+05:00

BankIslami launches FOCUS

May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda

May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China

May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD

Top 5 things to watch in this week
SBP Interventions in Interbank FX Market
Weekly SCRA Balance
Weekly SPI
Foreign Exchange Reserves
Monthly Economic Update & Outlook May, 2026
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg