Business

US dollar up against PKR

The US Dollar gained 57 paisas against the Pakistani Rupee in the interbank on Wednesday.

Published

1 month ago

Jul 29, 2021 04:27 AM

Fateh Farooq

GNN Media: Representational Photo

According to a State Bank of Pakistan (SBP) tweet, the US Dollar opened at Rs161.33 and closed at Rs161.90.

Interbank closing #ExchangeRate for today:https://t.co/zP6urCcQC0 pic.twitter.com/euLvqZHS89
— SBP (@StateBank_Pak) July 28, 2021

State Bank of Pakistan (SBP) data shows that the USD against PKR appreciated by 0.35 per cent in the interbank market.

Note that in recent week dollar has again touched the level of Rs160.

The rupee had traded at Rs 161.13 on January 16 this year, gaining Rs2.32 per dollar or 1.4 per cent.

It may be recalled that during the current financial year, the exchange rate fluctuated sharply and in August 2020 (FY 21), the rupee depreciated to its lowest level against the dollar, reaching Rs168.70 on August 20 last year.

It should also be noted that the depreciation of the dollar and the appreciation of the rupee came at a time when the International Monetary Fund (IMF) delayed its program for Pakistan for more than a year.

“The supply and demand position of dollars and the upcoming data on the country’s forex reserves will determine the future direction of the rupee. The rupee should conclude this week at Rs160.3 - 161.5 per dollar,” said a currency exchange dealer.

It is important to mention that the Pakistani Rupee appreciates when a lesser amount of rupees is required to get one USD whereas PKR depreciates when more rupees are required to get one greenback.

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Fateh Farooq

Fateh Farooq is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Fateh Farooq is nothing less than a Veteran Editor and has been writing for GNN for the past 7 months.

Sports

Ramiz Raja becomes PCB chairman unopposed

Lahore: Veteran cricketer and former Test captain-turned commentator Rameez Raja has emerged as the next chairman of the Pakistan Cricket Board (PCB) on Monday.

Published

1 week ago

Sep 13, 2021 12:25 PM

Mehak Javed

Ramiz Raja becomes PCB chairman unopposed

To elect the 36th PCB Chairman, a special meeting of the Board of Governors (BoG) took place today, (September 13) at the High Performance in Lahore.

The PCB Election Commissioner, Mr Justice (retd) Sheikh Azmat Saeed conducted the election, presiding over the meeting.

The members of the BoG including Mr Aasim Wajid Jawad, Ms Alia Zafar, Mr Asad Ali Khan, Mr Arif Saeed, Mr Javed Kurieshi, Mr Ramiz Raja and Mr Wasim Khan attended the special meeting.

At 1415 inside the Bob Woolmer Indoor School, NHPC, the newly-elected PCB Chairman will hold his media conference, which will be live-streamed on all PCB social media channels.

As per the PCB Covid-19 Protocols, which are designed to ensure health and wellbeing of all involved, only reporters and correspondents who are fully vaccinated and have immunisation certificates are invited to attend the media conference.

Moreover, TV news channels will be welcome to use PCB’s broadcast quality live-stream details of which will be shared shortly before the start of the media conference.

Pakistan

‘Covid fourth wave’: Pakistan's coronavirus positivity rate falls to 5.45%

Islamabad: Pakistan is witnessing daily surge in COVID-19 cases with authorities linking the upswing to the deadly fourth wave. Today country’s positivity rate is on 5.45%.

Published

1 week ago

Sep 12, 2021 09:37 AM

Mehak Javed

‘Covid fourth wave’: Pakistan's coronavirus positivity rate falls to 5.45%

As per National Command and Control Center (NCOC), Pakistan conducted a total of 57,792 tests in the last 24 hours.

Around 3,153 cases of coronavirus were reported while 58 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,720.

As per the command centre, total confirmed cases are 1,204,520 whereas 5,370 are under critical care.

Punjab

The number of patients swelled to 413,182 in the province with 12,211 causalities.

Sindh

The number of infections has surged to 444,464 in the province, while the death toll has reached 7,133.

Khyber Pakhtunkhwa

The confirmed cases have surged to 168,258 in the province with 5,250 casualties.

Balochistan

There are 32,569 confirmed cases while 342 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,268 coronavirus cases in the AJK while the death toll has reached 718. On the other hand, there are 10,162 cases in GB with 179 coronavirus deaths.

Islamabad

There are 102,617 cases in the capital city while 887 people have lost their lives.

Pakistan

COVID-19 kills another 78 as Pakistan continues battle against fourth wave

Islamabad: Pakistan is witnessing daily surge in COVID-19 cases with authorities linking the upswing to the deadly fourth wave. Today country’s positivity rate is on 5.44%.

Published

1 week ago

Sep 14, 2021 08:36 AM

Mehak Javed

COVID-19 kills another 78 as Pakistan continues battle against fourth wave

As per National Command and Control Center (NCOC), around 2,580 cases of coronavirus were reported while 78 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,865.

Pakistan conducted a total of 47,419 tests in the last 24 hours.

As per the NCOC, total confirmed cases are 1,210,082 whereas 5,304 are under critical care.

Punjab

The number of patients swelled to 415,654 in the province with 12,259 causalities.

Sindh

The number of infections has surged to 446,045 in the province, while the death toll has reached 7,177.

Khyber Pakhtunkhwa

The confirmed cases have surged to 169,040 in the province with 5,290 casualties.

Balochistan

There are 32,618 confirmed cases while 344 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,432 coronavirus cases in the AJK while the death toll has reached 724. On the other hand, there are 10,168 cases in GB with 182 coronavirus deaths.

Islamabad

There are 103,125 cases in the capital city while 889 people have lost their lives.