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.

PM urges int’l community, HR organisations to raise awareness on religious intolerance against Muslims
- 20 hours ago
Fire at Kochani nightclub kills 51, injures over 100
- 8 minutes ago

Four killed, three injured in separate terrorist attacks on police stations in KP
- 18 minutes ago

Pakistan wins Davis Cup Juniors 2025 title
- 18 hours ago

Former reality TV star wins longest-ever Iditarod
- a day ago
Explosion near bus in Nushki leaves seven dead, dozens injured
- 36 minutes ago

The man whose tweets helped kill DEI
- 8 hours ago
No change in prices of petroleum products
- 10 hours ago

100 acres of land allocated for Danish University: PM
- a day ago
Lashkar-i-Islam founder Mufti Munir Shakir killed, 3 others injured in Peshawar blast
- 17 hours ago
Police book singer Naseebo Lal's husband in domestic violence case
- a day ago
Security forces neutralise nine terrorists in separate IBOs in KP: ISPR
- 20 hours ago