In the open currency market, the dollar closes at Rs282.78, up by 7 paisas


Karachi: The dollar continued its upward trajectory due to various factors, with the dollar becoming more expensive in both the exchange markets on Monday.
Despite positive news such as an increase in remittances, a steady rise in exports, and the issuance of bonds worth $1.4 billion in the global market, the dollar continued to advance after fluctuations in both the exchange markets. As a result, the interbank rate for the dollar surpassed Rs281 once again.
During business hours in the interbank market, the dollar briefly dropped by 10 paisas, reaching Rs280.06 due to positive sentiments. However, with global research institutions predicting a significant increase in the dollar's value by mid-next year and growing demand for imports in the economy, the dollar's value rose by another 9 paisas, closing at Rs281.06 at the end of the trading day.
In the open currency market, the dollar closed at Rs282.78, up by 7 paisas, due to demand from Umrah pilgrims, students paying foreign university fees, and travelers heading abroad.
Punjab Police detain over 2,500 in crackdown against religious party
- 8 hours ago
Security forces kill 37 Khawarij in Mohmand, North Waziristan: sources
- 8 hours ago

Microsoft AI announces first image generator created in-house
- a minute ago

EcoFlow’s Delta Pro Ultra X can power a home for weeks
- a few seconds ago
This $299 Rubik’s Cube swaps colored squares for LCD screens
- a few seconds ago

Fifth consecutive year: Pakistani passport among world’s weakest once again
- 9 hours ago

The latest Moto Razr Ultra foldable is an even better value at $999
- a minute ago

New California law requires AI to tell you it’s AI
- a few seconds ago

Slack is turning Slackbot into an AI assistant
- a minute ago

Apple TV Plus is being rebranded to… Apple TV
- a minute ago

OpenAI partners with Broadcom to produce its own AI chips
- a few seconds ago

Sony’s noise-canceling WH-1000XM5 headphones are a Prime Day steal at $150 off
- a few seconds ago