In the past, Pakistan pursued a managed exchange rate regime to demonstrate ‘a strong rupee’. This concept, however, resulted in an over-valued currency, and the incumbents had to dissipate ...

The Euro follows closely at Rs 320.89 (selling) and Rs 320.32 (buying), whereas its currency note rate is Rs 322.49. With steady demand, ... Today's foreign exchange rates in Pakistan ...

ISLAMABAD: Pakistan has hinted at adopting a more flexible exchange rate policy by moving away from a managed currency regime, as the country vies for an early deal with the International Monetary ...

Pakistan has abandoned controls on its currency exchange rate as authorities attempt to revive an IMF bailout, sending the rupee to a record low as the crisis-hit economy risks collapse.