The open market witnessed the dollar’s value hitting 300 rupees.


Karachi: The US dollar hit an all-time high against Pakistani rupee, setting a new record in the interbank market on Monday.
The rupee set an all-time low and broke through the 300-rupee barrier, rising to a record high of 302 rupees amid the economic collapse and political unrest.
Interbank closing #ExchangeRate for todayhttps://t.co/WpF9PYlRM9#SBPExchangeRate pic.twitter.com/hOkqhsgiiG
— SBP (@StateBank_Pak) August 28, 2023
The open market witnessed the dollar’s value hitting 300 rupees.
The rupee's continued devaluation is shown by the higher rise in the value of the dollar, which creates a difficult mood for the coming week.
According to currency dealers, the dollar surged by 0.75 paisas to reach a startling 301.75 rupees at the beginning of the new business week, continuing the greenback's upward trajectory against the Pakistani rupee.
The rupee consistently weakened over the preceding week, suffering losses in each of the five trading sessions, and ultimately falling to an unheard-of low of 301 against the US dollar.

One down, three to go: Chelsea on course for quadruple after League Cup win
- 10 hours ago

FIA, IB receive praise from PM for dismantling human trafficking network
- 18 hours ago

Sindh introduces scholarship and job portal to boost education, employment
- 24 minutes ago

Karachi's Soba Nagar transforms through collaborative WASH initiative
- a day ago

These new Roombas aren’t the robots I know and love
- 2 hours ago

Joby will launch UK air taxi service with Virgin Atlantic
- 2 hours ago

A DOGE staffer broke Treasury policy by emailing unencrypted personal data
- 2 hours ago

Ration distribution turns tragic in Karachi as elderly woman dies in stampede
- 18 hours ago

Police officer shot dead by motorcycle-riding assailants in Bannu
- an hour ago

Sugar prices drop by Rs2 in Karachi wholesale market
- 40 minutes ago

Iran’s military vows retaliation in response to Trump’s threats
- 21 hours ago

Byrd gets first ECU hit 3 years after amputation
- 10 hours ago