Karachi: Karachi: The interbank market witnessed a 27 paisa increase in the value of the US dollar at the closing time of trading on Monday, as confirmed by the State Bank. The dollar ended the day at Rs285.42 in the interbank market.
Meanwhile, in the open market, the dollar reached an unprecedented high, with varying rates observed for its sale in Karachi. Currency dealers reported selling rates ranging between Rs313 and Rs316 for the greenback.
The disparity between the interbank and open market rates for the dollar has now reached a significant record level of Rs29.
Earlier in the day, the dollar continued its upward trajectory against the Pakistani rupee, gaining 30 paisas and reaching Rs285.45. This surge in the dollar poses new challenges for the already struggling economy.
At the start of the trading day, the US dollar was being sold at Rs311 in the open market.
Notably, just two weeks ago, the Pakistani rupee experienced a sharp decline, hitting a historic low of 298 against the US currency due to political upheaval in the country.
Addressing Pakistan's First International Conference on Islamic Capital Markets, Finance Minister Ishaq Dar assured the nation that the government is actively working to rectify and stabilize the economy, acknowledging the challenges at hand.
The Senate is having a meltdown over whether it’s okay to wear shorts
Another Covid-19 winter is coming. Here’s how to prepare.
Two young missionaries made headlines. Two new docs look at why.
Human progress has come at the expense of animals. It doesn’t have to.
Inside the Jazz's bold new TV plan
Moving on up: Is history on Charlo's side when he faces Canelo at super middleweight?
Winter activity and political turmoil!
Government, opposition and public!
Present regime and dengue!
The repetition of history and the hidden sciences!
Whispers, rumors and rulers' narrative!
BAD NEWS, Petrol Price Increased? | News Headlines | 03 PM | 28 September 2023 | GNN
LIVE | Federal Caretaker Foreign Minister Jalil Abbas Jillani Press Conference | GNN
LIVE | Ameer Jamat-e-Islami Siraj-ul-Haq Press Conference | GNN
Cheif Justice Qazi Faez Esa Strong Remarks in Supreme Court | GNN
Chief Justice Qazi Faez Esa Got Angry in Court | Shoaib Shaheen Exclusive Media Talk | GNN
Chief Justice Got Angry During Case Hearing #shorts #breakingnews #supremecourt #viral #shortsvideo
Pakistan 1 day ago
90% of beggars arrested abroad are Pakistanis: Secretary Overseas
Business 1 day ago
Dollar depreciates in interbank Pakistan
Sports 2 days ago
Taliban Leader meets Afghan team ahead of WC departure
Regional 18 hours ago
Karachi Board announces matric results 2023
Technology 2 days ago
OpenAI updates ChatGPT's seeing, hearing, talking ability
Pakistan 1 day ago
Amir Maqam calls on Nawaz Sharif in London
Business 2 days ago
Gold price falls by Rs1000 per tola in Pakistan
Business 12 hours ago
Gold price declines by Rs4,100 per tola