The State Bank of Pakistan has relaxed foreign exchange rules to boost energy imports. Under the new decision, commercial banks have been allowed to issue financial instruments at the time of import of crude oil and petroleum products, while it has also been made possible to issue standby letters of credit for energy products including […]
The State Bank of Pakistan will hold a meeting of the Monetary Policy Committee (MPC) on April 27, where market expectations regarding interest rates appear to be divided. According to a survey, 53% of participants expect an interest rate hike, with the majority predicting an increase of 50 to 100 basis points, while a limited […]
The latest international forex rates present an image of apparent stability, yet this calm may be more fragile than it appears. The dollar holding near Rs 279 suggests controlled movement rather than genuine strength of the rupee. More telling is the continued dominance of currencies such as the pound and euro, which remain significantly stronger, […]
The latest open market data reflects a gradual depreciation of the Pakistani rupee, as most major foreign currencies recorded gains. The US dollar maintained its upward trajectory, nearing Rs 280 in the selling range, indicating sustained demand in the foreign exchange market. The British pound and euro exhibited significant strength, with the pound reaching Rs […]
In a firm message to Washington, the Iranian President has declared that Iran will not bow down to external pressure or “contradictory signals” from US officials. Speaking on the current geopolitical standoff, the President emphasized that the era of yielding to force is over, asserting that Iran’s foreign policy remains anchored in sovereignty and national […]
The Iranian Revolutionary Guard Corps (IRGC) has detained two container ships in the Strait of Hormuz, alleging repeated breaches of international maritime protocols. The vessels, identified as the MSC Francesca and the Epaminondas, were reportedly escorted to the Iranian coast on Wednesday after being intercepted in the strategic chokepoint. According to reports by the Iranian […]
Today’s interbank data reveals a stabilized yet firm posture for the US Dollar, which remains the anchor of Pakistan’s trade economy. With a buying rate of Rs278.80, the Greenback continues to dictate the cost of essential imports. For businesses and policy-makers, the narrow spread between buying and selling (only 50 paisas) indicates a healthy level […]
Citizens in Lahore received clarity on essential commodity pricing today as the Food Safety and Consumer Protection Department, Government of Punjab, endorsed the latest poultry price memorandum. The new rates, effective for Wednesday, April 22, bring the price of live chicken to Rs383 per kg at the retail level. A significant point of interest for […]
The latest international foreign exchange rates in Pakistan present a largely stable picture, with only minor fluctuations across major global currencies. The US Dollar (USD), which remains the most closely tracked currency in Pakistan, is trading around Rs. 279 in the open market buying rate. This indicates that the rupee is currently holding steady without […]
Pakistan’s open market currency exchange rates showed relative stability on April 22, 2026, with major international currencies maintaining their levels against the rupee. The US Dollar (USD), considered the benchmark currency, was recorded at Rs 279.10 for buying and Rs 281.45 for selling. The British Pound (GBP) and Euro (EUR) were traded at Rs 376.96/382.75 […]
