The local currency has weakened by four per cent against the dollar since the start of the declining trend in mid-October.


Karachi: The US dollar continued its winning streak against the Pakistani rupee (PKR) in the interbank on Tuesday.
According to the State Bank of Pakistan (SBP) report, the US dollar gained 32 paise over the previous session's closing price of Rs287.55 to conclude at Rs287.87.
The local currency has weakened by four per cent against the dollar since the start of the declining trend in mid-October.
The price of US dollars rose by Rs. 3.00 on the open market during the week that concluded yesterday, closing at Rs. 288 from 285 rupees.
Other foreign currencies experienced an upward movement while the Pakistani rupee declined. Over the course of the week, the euro gained five rupees, reaching Rs 302 by the weekend.
The Euro gained five rupees and was trading at 307 rupees, while the Pound gained 10 rupees in a week to reach 356.50 rupees in the open market.
The price of the Saudi riyal jumped by Rs 1.20, closing at Rs 76.70 from Rs 75.50, while the rate of the Emirates dirham rose by 30 paisa, ending at Rs 80.50.

Moft’s new origami case elevates the iPad for improved ergonomics
- 16 hours ago
Security forces neutralise nine terrorists in separate IBOs in KP: ISPR
- 10 hours ago

Laptop charged in few minutes with solar energy introduced
- 15 hours ago
Lashkar-i-Islam founder Mufti Munir Shakir killed, 3 others injured in Peshawar blast
- 7 hours ago

Former reality TV star wins longest-ever Iditarod
- 13 hours ago
Police book singer Naseebo Lal's husband in domestic violence case
- 12 hours ago

100 acres of land allocated for Danish University: PM
- 14 hours ago

Snapchat is rolling out AI-powered video lenses
- 16 hours ago
No change in prices of petroleum products
- an hour ago

PM urges int’l community, HR organisations to raise awareness on religious intolerance against Muslims
- 10 hours ago

Facebook, Instagram, and Threads start testing Community Notes next week
- 16 hours ago

Pakistan wins Davis Cup Juniors 2025 title
- 8 hours ago