The Pakistani rupee was honored as the best-performing currency in September.


Karachi: The Pakistani rupee has registered a remarkable surge against the US dollar, strengthening its position as the best-performing currency in September.
The dollar's depreciation continues, as a result of concrete measures taken against currency hoarders, signaling a positive trajectory for Pakistan's economy.
As the new business week commenced, the dollar's value in the interbank exchange further depreciated by Rs1.23, settling at Rs286.50.
This decline in the dollar's value is a continuation of the trend that began following the crackdown on currency hoarders and illicit transactions.
The sustained appreciation of the Pakistani rupee throughout September can be attributed to these ongoing efforts to stabilize the currency market.
Additionally, during the last week of the previous month, gold prices also exhibited a noteworthy decrease, aligning with the overall economic improvements in Pakistan.

UAE warns of AED20,000 penalty for slaughtering animals at unauthorized locations
- 24 minutes ago

What Karachi weather be like over next 24 hours?
- 3 hours ago

Trump bans citizens of 12 countries from entering US
- 5 hours ago

PM to depart for Saudi Arabia for two days today
- 5 hours ago

India's water aggression, 5,700 cusecs of water inflow into Chenab reduces further
- an hour ago

Millions of pilgrims to perform Wukuf-e-Arafat today
- 4 hours ago

HIV cases rise by 500pc in Philippines
- 2 hours ago

PM agrees to reduce import duties on raw materials
- 2 hours ago

11 employees of private company abducted in DI Khan
- 2 hours ago

Boy tortured in Defence Karachi forgives accused Salman Farooqui
- an hour ago

The big, bad bond market could derail Trump’s big, beautiful bill
- 7 hours ago

Should women be in combat?
- 7 hours ago