Dollar ends at Rs281.71, up by 4 paisas


Karachi: The preparation of the new federal budget based on an exchange rate of Rs290 per US dollar, the rising volume of Pakistan's debt obligations, and the global uptrend in crude oil prices continued to drive the appreciation of the dollar in both foreign exchange markets on Wednesday.
Despite the receipt of a $1.023 billion tranche from the International Monetary Fund (IMF) and the resulting positive sentiment, the increase in the dollar’s value remained limited in both markets.
During the trading session in the interbank market, the dollar at one point fell by 15 paisas, reaching Rs281.52. However, due to a rise in import-related demand in the economy, the dollar began to strengthen again in the afternoon.
By the end of the trading day, the dollar closed at Rs281.71, reflecting a modest increase of 4 paisas.
In the open currency market, the dollar also rose by a limited 3 paisas, closing at Rs283.72.

KP budget proposes new tax of Rs50,000 on wedding halls
- 8 hours ago

Pakistan, UAE DPMs discuss situation post Israel attacks on Iran
- 2 hours ago
Gold price plummets Rs1,000 in Pakistan
- 5 hours ago

Pakistani city included in list of world's best cities to live in
- 7 hours ago

Magnitude 4.4 earthquake tremors in Pishin
- 8 hours ago

15 civilians killed in Russian attack on Kyiv
- 7 hours ago

Punjab Budget FY26: A tax-free vision for people-centric prosperity
- 4 hours ago
Iran, Israel warn of intensifying warfare as G7 calls for de-escalation
- 6 hours ago

Finance Minister presenting Balochistan budget for FY26
- 5 hours ago
Charred bodies, shattered lives after gunmen kill 100 in Nigeria
- 3 hours ago

PML-N former senator Chaudhry Tanveer arrested
- 8 hours ago
Maryam Nawaz gets herself examined at Mayo Hospital
- 3 hours ago