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.
PTI expels five lawmakers for defying party policy
- 9 hours ago
Sindh police give 10-day deadline to personnel to quit gutka, mawa use
- 12 hours ago
Rawalpindi to Multan bus meets accident; 5 in critical condition
- 14 hours ago
Emergency vaccination reduced deaths by nearly 60% during epidemics, study finds
- 11 hours ago
Karachi police bust betel nut smuggling hidden in cement sacks
- 9 hours ago
Wildlife force deployed as no-bird zones enforced near Lahore airport
- 14 hours ago
Kim Jong-un offers full support to Russia in Ukraine war
- 11 hours ago
WhatsApp introduces new feature to show how many people are typing in group chats
- 12 hours ago
High risk near rivers as Tarbela spillways open today
- 13 hours ago
Frontier Constabulary to become countrywide force under new ordinance
- 9 hours ago
Iran confirms assassination attempt on President Pezeshkian amid Israeli airstrikes
- 13 hours ago
Indian drone strike kills 3 separatist leaders in Myanmar
- 9 hours ago
