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

Lahore police arrest man for sexually assaulting stepdaughter
- 7 hours ago
FIA cracks down on illegal migration: 13 caught en route to Iran
- 6 hours ago
OGRA hikes kerosene oil price
- 5 hours ago
Luxembourg announces intention to recognize Palestinian state
- 3 hours ago
First ODI: Sidra Ameen’s ton helps Pakistan women set South Africa 256-run target
- 2 hours ago
Cinema legend Robert Redford dies at 89
- 4 hours ago

At least 50 killed after refugee boat catches fire off Libyan coast
- 3 hours ago
.jpg&w=3840&q=75)
Twelve killed in Malaysia landslides after week-long downpour
- 21 minutes ago
Asia Cup T20: Bangladesh defeat Afghanistan by 8 runs
- 24 minutes ago
Kazakhstan bans forced marriages and bride kidnapping
- 5 hours ago
India says trade talks with US were ‘positive’
- 3 hours ago
Wego expands presence in Pakistan, bring more travel choices to local travelers
- 3 hours ago