Open market is selling dollars for more than Rs287.
Karachi: The Pakistani rupee continued depreciates against US dollar in the interbank market on Wednesday, according to State Bank of Pakistan (SBP) data.
The US dollar's interbank market closing price was Rs 283.80 as opposed to Rs 283.04 from yesterday.
In the meantime, the open market is selling dollars for more than Rs287. Since the IMF lending program was approved last week, the Pakistani rupee has increased by more than Rs10.
The first installment of $1.2 billion for the SBA program from the International Monetary Fund was given to Pakistan on Thursday.
Earlier, the price of gold in Pakistan experienced a surge following the upward trend in the international market.
According to All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) increased by Rs5,400 per tola and Rs4,630 per 10 grams to settle at Rs226,400 and Rs194,102 respectively.
In today's international market, the price of the yellow gold increased $6 to end at $1,973 per ounce.
Recently, Pakistan's gold price has fluctuated due to ongoing political and economic unrest, as well as excessive inflation.
The surprising reason why buying guns helps endangered species
- 5 گھنٹے قبل
The Voting Rights Act is all but dead. Prepare for maximum gerrymandering.
- 5 گھنٹے قبل
Microsoft is giving its Xbox employees an Xbox email address
- ایک دن قبل
This billionaire could be California’s next governor — and he wants to arrest Stephen Miller
- 5 گھنٹے قبل
Microsoft Office can now be controlled with Logitech’s MX Creative Console
- ایک دن قبل
Finance Minister vows investor-friendly policy environment
- 18 گھنٹے قبل
KSA reverses decision to impose minimum age limit of 15 years for Hajj within hours of its announcement
- 15 گھنٹے قبل
Foreign Office terms social media post by British SRA as one-sided
- 19 گھنٹے قبل
Ex Senator Mushtaq Ahmad released from Israeli custody: Dar
- 20 گھنٹے قبل
Why famous people want to be death doulas
- 5 گھنٹے قبل
Iranian proposal rejected by Trump would open strait before nuclear talks, Iran official says
- 20 گھنٹے قبل
US bypasses congressional review for military sales of $8.6bn to Middle East allies
- 19 گھنٹے قبل
