Pakistan rupee registers gain against US dollar

The Pakistani rupee continued its slight upward trend against the US dollar on Friday, closing at 277.41 per dollar, marking an increase of one paise from Thursday. Meanwhile, the Japanese yen maintained its gains against the greenback, positioning itself for its strongest weekly performance in over a month. The dollar index, which gauges the dollar's value against a basket of currencies including the yen and euro, remained steady at 99.01, leaving the euro and British pound unchanged at $1.1625 and $1.3527, respectively.

Additionally, oil prices surged on Friday, marking their most significant weekly gain since mid-July. Brent crude futures increased by 54 cents, or 0.6%, to $96.06 per barrel, while US West Texas Intermediate crude futures climbed 80 cents, or 0.9%, to $92.10. Over the course of the week, Brent crude prices rose by 7.6% and WTI surged by 10.4%, marking their highest weekly gains since July 20.