Author: molexn
Market analysis by Christopher Tahir, Senior Financial Markets Strategist at Exness On 7 July, the US Securities and Exchange Commission (SEC) acknowledged Truth Social’s filing of a dual bitcoin-ether exchange-traded fund (ETF) listing. Truth Social, the social media platform run by US President Trump’s media company, initially filed the application with the SEC on 16 Jun 2025. Although public opinion disputed the application as a conflict of interest, the cryptocurrency industry hailed it as a new dawn for digital assets. More than a tour de force in the crypto space, the connection between the US President and the world of…
ISLAMABAD – Pakistan witnessed another milestone in digital finance by establishing Virtual Assets Regulatory Authority (VARA), aimed at overseeing and regulating cryptocurrencies and digital assets. Experts called this development a turning point in Pakistan’s journey toward becoming serious player in global crypto economy. The announcement was made by Minister of State for Crypto and Blockchain Bilal bin Saqib who highlighted that Pakistan’s new crypto policy is designed to align with international standards while creating fresh economic opportunities. Bilal further revealed that Pakistan has set up strategic Bitcoin reserves, positioning them as a long-term symbol of practical investment. In recent report,…
ISLAMABAD – Pakistani Rupee appreciated against various foreign currencies, with US Dollar shedding value while several other major currencies witnessed slight fluctuations. According to latest rates, US Dollar was being bought at Rs. 283.5 and sold at Rs. 284.20. Euro traded higher at Rs. 327.75 (buying) and Rs. 329 20 (selling), while the UK Pound Sterling stood at Rs. 379.2 and Rs. 380.7, respectively. UAE Dirham was quoted at Rs. 77.2 (buying) and Rs. 77.35 (selling), while the Saudi Riyal stood at Rs. 75.5 and Rs. 75.70. Other notable rates included the Kuwaiti Dinar at Rs. 917.75 (buying) and Rs.…
KARACHI – Pakistani rupee shows slight stability in open market over weekend as US dollar traded at Rs283.6 for buying and Rs284.1 for selling. According to the latest forex rates, Euro was available at Rs327.75 (buying) and Rs329.2 (selling), while the British Pound Sterling stood at Rs379.2 and Rs380.7 respectively. UAE Dirham was being bought at Rs77.2 and sold at Rs77.35, whereas the Saudi Riyal remained steady at Rs75.5 (buying) and Rs75.65 (selling). Kuwaiti Dinar was quoted at Rs917.75 for buying and Rs925.75 for selling, while the Bahraini Dinar traded at Rs751.25 and Rs753.75. The Qatari Riyal stood at Rs77.05…
KARACHI – Foreign exchange market in Pakistan opened with mixed trends on first working day of the week. According to the latest rates, the US Dollar stood at Rs283.60 (buying) and Rs284.10 (selling). Euro was recorded at Rs327.75 (buying) and Rs329.20 (selling), while the British Pound Sterling traded at Rs379.20 (buying) and Rs380.70 (selling). UAE Dirham was available at Rs77.20 (buying) and Rs77.35 (selling), and the Saudi Riyal was quoted at Rs75.50 (buying) and Rs75.65 (selling). Other major currencies also showed steady movement. Canadian Dollar at Rs202.50 (buying) and Rs207.50 (selling) Bahraini Dinar at Rs751.25 (buying) and Rs753.75 (selling).…
KARACHI – Pakistani rupee shows resilience as major foreign currencies remained largely stable in the open market. In open market, US Dollar stood at Rs283.20 for buying and Rs284.00 for selling, keeping pressure steady on the rupee. In inter-bank trading, PKR settled at 281.87, with gain of Rs0.03 against the greenback in 12th successive gain against the USD. Euro was traded at Rs330.70 (buying) and Rs332.50 (selling), while the UK Pound Sterling hovered at Rs381.85 and Rs383.80. Saudi Riyal was available at Rs75.40 (buying) and Rs75.60 (selling), whereas the UAE Dirham stood at Rs77.10 and Rs77.30. …
KARACHI — Local foreign exchange market shows stability mid week, with major currencies such as the US Dollar, Euro, British Pound, UAE Dirham, and Saudi Riyal taking the lead in trading. On Wednesday, US Dollar was trading at Rs283.1 for buying and Rs283.9 for selling. Euro followed at Rs328.4 and Rs330.2, while the British Pound stood at Rs380.1 and Rs382. The UAE Dirham was recorded at Rs77.1/77.3, and the Saudi Riyal at Rs75.4/75.6. Other currencies also saw minor fluctuations, with Australian Dollar at Rs182/187, Canadian Dollar at Rs203/208, Japanese Yen at Rs1.89/1.99, and Chinese Yuan at Rs39.01/39.41, among others. …
KARACHI – Pakistani rupee shows stability against major foreign currencies, with US Dollar, Euro, and Pound Sterling holding steady in the open market. According to rates issued by exchange companies, the US Dollar hovers at Rs283 for buying and Rs283.80 for selling. Euro traded at Rs328 (buying) and Rs329.70 (selling), while the British Pound stood at Rs379.85 and Rs381.75. UAE Dirham was quoted at Rs77.05 (buying) and Rs77.25 (selling), whereas the Saudi Riyal stood at Rs75.35 and Rs75.55. Among other currencies, the Kuwaiti Dinar remained the highest-valued at Rs923.35, followed by the Bahraini Dinar at Rs751.80 and the Omani Riyal…
KARACHI – Pakistani rupee shows gains against major foreign currencies, with US Dollar, Euro, and Pound Sterling holding steady in the open market. According to rates issued by exchange companies, the US Dollar hovers at Rs282.8 for buying and Rs283.80 for selling. Euro traded at Rs328.5 (buying) and Rs330.3 (selling), while the British Pound stood at Rs381.3 and Rs38.3.3. UAE Dirham was quoted at Rs77 (buying) and Rs77.2 (selling), whereas the Saudi Riyal stood at Rs75.3 and Rs75.5. Among other currencies, the Kuwaiti Dinar remained the highest-valued at Rs914.75, followed by the Bahraini Dinar at Rs748.85 and the Omani Riyal…
KARACHI – Major foreign currencies shows mixed movement in Pakistan’s open market, with US dollar, Euro, UK pound continuing to trade at stronger levels, according to rates released by exchange companies. On Saturday, US dollar was being bought at Rs282.80 and sold at Rs283.60, while Euro traded at Rs328.90 for buying and Rs330.70 for selling. UK pound remains highest among major currencies, changing hands at Rs380.90 (buying) and Rs382.80 (selling). UAE dirham stood firm at Rs77.00 (buying) and Rs77.20 (selling), whereas Saudi Riyal was quoted at Rs75.30 and Rs75.50. Kuwaiti dinar maintained its strong position at Rs914.75 (buying) and Rs922.75…