The State Bank of Pakistan (SBP) says the US dollar strengthened by Rs 0.86, concluding at Rs 295.78 in the interbank market.
Karachi: In spite of the existing standby agreement with the International Monetary Fund (IMF), the Pakistani rupee continued its descent against the US Dollar on Friday.
The State Bank of Pakistan (SBP) said that the US dollar strengthened by Rs 0.86, concluding at Rs 295.78 in the interbank market.
Interbank closing #ExchangeRate for today https://t.co/EQAQL5zTC2#SBPExchangeRate pic.twitter.com/tJozChlO2l
— SBP (@StateBank_Pak) August 18, 2023
Forex traders noted that the dollar is now trading at Rs 302, marking a Rs 1 increase in the open market, while banks are pricing the dollar at Rs 296.38 for import transactions.
A day prior, the dollar had surged by an additional Rs 3 in both the interbank and open markets.
Chairman PTA reinstated
- 4 hours ago
Gold prices remain stable, silver continues upward trend
- 2 hours ago
Girls outperform boys in Rawalpindi intermediate exams
- 33 minutes ago
Old pension system restored for new hires in Sindh
- 2 hours ago
Pakistan’s BRICS membership likely by 2026: diplomatic sources
- 4 hours ago
World Athletics Championships: Arshad Nadeem out of medal race
- 2 hours ago
Tremors jolt Punjab as two earthquakes hit within days
- an hour ago
Car bomb blast kills one, injures several in Balochistan’s Kech
- an hour ago
Four kids die after consuming poisoned food in Gujranwala
- 3 hours ago
Meta launches its first AI smart glasses equipped with display
- 3 hours ago
No justice for my wife and me: PTI founder writes to CJP
- 2 hours ago
Prominent Kashmiri freedom fighter Abdul Ghani Bhatt passes away at 89
- 4 hours ago
