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.

Top TTP commander among four Kharji killed in Bajaur operation: ISPR
- 9 hours ago

What a pastor saw ICE do to protesters outside Chicago
- 10 hours ago

The tax avoidance playbook
- 19 hours ago

Trump optimistic about to end the trade war between the world’s two largest economies
- 17 hours ago

Why Taylor Swift made herself the villain
- 19 hours ago

PM Shehbaz directs probe to identify those involved in sales tax fraud
- 8 hours ago

Security Forces killed 18 terrorists of Indian proxy, Fitna al Hindustan in Balochistan
- 14 hours ago

What scientists saw underwater in Florida left them “shocked” — and devastated
- 19 hours ago

The GOP’s antisemitism crisis
- 10 hours ago

Pakistan seeks peace with neighbors but will not tolerate terrorism from Afghanistan:FM Asim Munir
- 5 hours ago

Is the US killing innocent people?
- 19 hours ago

CM Sohair Afridi writes letter to IHC for registering contempt of court case against Adiala jail authorities
- 16 hours ago










