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Pakistan Records Current Account Surplus for the 5th Consecutive Month

Pakistan Records Current Account Surplus for the 5th Consecutive Month Pakistan’s current account maintained a surplus with a handsome value of $1.6 billion in the five months of the current financial year, mainly due to enhanced inflows from remittances and export receipts. The current account also posted a surplus-value of $326 million for the straight five months of the financial year that added further to the overall surplus-value of the current account in FY21. ALSO READ According to the State Bank of Pakistan (SBP), the current account surplus has reached $1.6 billion compared to a deficit of $1.7 billion. 1/3 In Nov20, the current account surplus rose further to $447 mn against a deficit of $326 mn in Nov19. So far in FY21, the surplus has reached $1.6 bn compared to a deficit of $1.7 bn over the same period last year. For details, see https://t.co/Od8ikVvpBFpic.twitter.com/D9Ae5h46rN

Pakistani Rupee Loses Big Against GBP, Remains Stable Versus the US Dollar

Pakistani Rupee Loses Big Against GBP, Remains Stable Versus the US Dollar After a sudden drop in the Pakistani Rupee’s value against the US Dollar on the first day of the week, PKR held its ground today. Yesterday, PKR lost 62 paisas against the USD, while in today’s interbank session, PKR closed with a gain of 3 paisas, trading at Rs. 160.67 on Tuesday (December 22) as compared to Rs. 160.71 on Monday. Against other major currencies, PKR lost almost 12 paisas against the Euro, adding to yesterday’s gain of 19 paisas. Against the GBP, PKR lost Rs 2.48 after gaining Rs. 3.5 on Monday. ALSO READ

Pakistani Rupee Witnesses a Sudden Big Drop Against the US Dollar

Pakistani Rupee Witnesses a Sudden Big Drop Against the US Dollar The start of the week has shown mixed results for the Pakistan Rupee in the interbank market. On the first trading day of the current week, the Pakistani rupee (PKR) lost 62 paisas against US Dollar (USD) in today’s interbank session as the currency closed the trade at Rs. 160.71 as compared with Friday’s closing of Rs. 160.08.   The rupee traded within a range of 47 paisas per USD, showing an intraday high bid of 160.71 and an intraday low offer of 160.27. ALSO READ A.A.H Soomro, Managing Director at Khadim Ali Shah Bukhari Securities, while commenting on the rupee said,

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