Business
US dollar declines by Rs12 against PKR
Chairman of Pakistan Forex Exchange Association stated that for the first time in the history of Pakistan, the price of dollar has decreased by Rs27 in interbank.
Karachi: The value of Pakistan rupee has stabilized in the open market as the US dollar has become cheaper by Rs12 to settle at Rs299.
Earlier on Wednesday, dollar closed at Rs311 in the open market, while settled at Rs285.47 in the interbank.
On the other hand, Chairman of Pakistan Forex Exchange Association Malik Bostan stated that for the first time in the history of Pakistan, the price of dollar has decreased by Rs27 in open market.
“I congratulate Finance Minister Ishaq Dar and Governor of State Bank of Pakistan (SBP) for their timely decisions,” he added.
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