The rapid decline in the Dollar rate is seen after agreements with IMF.


Karachi: The effects of agreements with the International Monetary Fund (IMF) have started to impact the local currency, leading to a rapid decline in the value of the US dollar against the rupee.
According to the figures released by the State Bank of Pakistan on their official Twitter account, during the third business day of the current week, the interbank market witnessed a drop of 37 paise in the value of the US dollar against the rupee.
As per the latest data, the value of the US dollar against the rupee in the interbank market has dropped to 277 rupees and 04 paise from 277 rupees and 41 paise.
The central bank reported a 0.13% decline in the value of the rupee against the US dollar in the interbank market.
On the other hand, in the open market, the value of the US dollar has reached close to 280 rupees.
Interbank closing #ExchangeRate for today https://t.co/s4Ua3qFDzO#SBPExchangeRate pic.twitter.com/o2noX7ErMp
— SBP (@StateBank_Pak) July 6, 2023
Rawalpindi to Multan bus meets accident; 5 in critical condition
- 7 گھنٹے قبل
Karachi police bust betel nut smuggling hidden in cement sacks
- 2 گھنٹے قبل
WhatsApp introduces new feature to show how many people are typing in group chats
- 5 گھنٹے قبل

PTI expels five lawmakers for defying party policy
- 2 گھنٹے قبل
Frontier Constabulary to become countrywide force under new ordinance
- 2 گھنٹے قبل

Indian drone strike kills 3 separatist leaders in Myanmar
- 2 گھنٹے قبل
Iran confirms assassination attempt on President Pezeshkian amid Israeli airstrikes
- 6 گھنٹے قبل

High risk near rivers as Tarbela spillways open today
- 6 گھنٹے قبل

Sindh police give 10-day deadline to personnel to quit gutka, mawa use
- 5 گھنٹے قبل

Emergency vaccination reduced deaths by nearly 60% during epidemics, study finds
- 4 گھنٹے قبل
Kim Jong-un offers full support to Russia in Ukraine war
- 4 گھنٹے قبل

Wildlife force deployed as no-bird zones enforced near Lahore airport
- 7 گھنٹے قبل