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.
Ex-Pakistan Test cricketer Wazir Mohammad dies at 95
- 7 hours ago
Is America on the brink?
- 8 hours ago
Windows 10 support ends on October 14
- 9 hours ago
In Jerusalem, Trump hails ‘historic dawn of a new Middle East’ after Gaza ceasefire deal
- 7 hours ago
Pakistan, Türkiye, Azerbaijan pledge stronger parliamentary ties for regional peace, prosperity
- 8 hours ago
Private Hajj scheme bookings to close at midnight on Friday
- 3 hours ago
.jpg&w=3840&q=75)
Gaza Ceasefire Agreement Signed by U.S., Egypt, Türkiye, and Qatar
- 2 hours ago
Pakistan, Saudi Arabia sign MoU to strengthen anti-corruption, asset recovery cooperation
- 3 hours ago
Pak-Afghan tensions: KSE-100 loses over 5,300 points
- 9 hours ago
After Lahore, religious party protests, and arson in Karachi
- 10 hours ago
China shows extreme concerns over border clashes between Pakistan, Afghanistan
- 8 hours ago
PM Shehbaz reaffirms Pakistan’s support for Palestine in high-level meetings at Sharm El-Sheikh Peace Summit
- 3 hours ago
