Categories: Business

Rupee Resumes Big Gains Against Top Currencies After Oil Heads Reach Islamabad


The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 128th consecutive day on Monday.

Meanwhile, it posted gains against all of the other major currencies during today’s session.

The PKR closed at 279.16 after gaining four paisas against the US Dollar today.

A trade texted ProPakistani that oil futures have stayed at last week’s levels, with $116 as the highest and $98 the lowest rates tracked so far. The currency market is cooling off nicely as Western notes lose value over their countries’ stance in the Gulf War.

“Our traders will continue to see good gains as long as oil-rich countries hold meetings in Islamabad. Market watchers like it,” he added.

WebDesk

Recent Posts

Rotary District 3271: New Rotary Year Begins With Tribute at Mazar-e-Quaid

KARACHI: Rotary District 3271 officially launched its 2026–27 Rotary Year with a ceremonial visit to…

32 minutes ago

Masters Hockey World Cup: Pakistani-Born Duo Selected for USA Over-65 Team

Arif Siddiqui and former Pakistan international Pervez Iqbal will represent the United States at the…

1 hour ago

Chief Minister Complaint Cell: Tahseen Abidi Reviews Public Grievances, Orders Swift Action

Sindh government spokesperson says departments have been directed to resolve citizens' complaints promptly under the…

13 hours ago

Visa Accept: Visa Unveils Smartphone Payment Solutions for Small Businesses

New Visa Accept and Visa Direct capabilities aim to help small businesses in emerging markets…

13 hours ago

inDrive Partnership: MAL Pakistan Joins Hands to Support Driver Welfare

KARACHI: inDrive Partnership with MAL Pakistan aims to improve driver welfare by reducing vehicle maintenance…

21 hours ago

GameNow: JazzWorld and Finz Partner to Expand Pakistan’s Mobile Gaming Industry

The collaboration aims to strengthen game publishing, developer support and global distribution for Pakistani-made mobile…

21 hours ago

This website uses cookies.