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.
New Zealand storms to nine-wicket win over Pakistan in first T20I
- 31 minutes ago
No change in prices of petroleum products
- 12 hours ago
Explosion near bus in Nushki leaves seven dead, dozens injured
- 2 hours ago
Security forces neutralise nine terrorists in separate IBOs in KP: ISPR
- 21 hours ago
Lashkar-i-Islam founder Mufti Munir Shakir killed, 3 others injured in Peshawar blast
- 18 hours ago
The man whose tweets helped kill DEI
- 9 hours ago
Four killed, three injured in separate terrorist attacks on police stations in KP
- an hour ago
Five killed as coaster plunges into ravine in Azad Kashmir
- 7 minutes ago
33 killed, dozens injured as tornadoes hit Central US
- 44 minutes ago
Pakistan wins Davis Cup Juniors 2025 title
- 19 hours ago
Fire at Kochani nightclub kills 51, injures over 100
- an hour ago
Woman dies after falling from Karachi building during drug raid
- an hour ago
