According to the State Bank of Pakistan (SBP), the local currency closed at Rs167.23 against the greenback, registering depreciation of Rs0.32 over the previous close of Rs166.91.
According to a State Bank of Pakistan tweet, the US Dollar closed at Rs167.
Note that in recent months that the dollar has again touched the level of Rs164.
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 Rs163.3 - 164.5 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.
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.
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.
‘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%.
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.
The number of patients swelled to 413,182 in the province with 12,211 causalities.
The number of infections has surged to 444,464 in the province, while the death toll has reached 7,133.
The confirmed cases have surged to 168,258 in the province with 5,250 casualties.
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.
There are 102,617 cases in the capital city while 887 people have lost their lives.
Pakistan's COVID-19 death toll crosses 27,000 mark
Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.
According to National Command and Operations Center (NCOC), around 3,012 cases of coronavirus were reported while 66 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,004.
The total number of cases has reached 1,215,821.
As many as 1,112,236 patients have recovered from the disease with 5,039 critical cases.
The number of patients swelled to 418,196 in the province with 12,319 causalities.
The number of infections has surged to 447,678 in the province, while the death toll has reached 7,210.
The confirmed cases have surged to 169,972 in the province with 5,329 casualties.
There are 32,671 confirmed cases while 344 patients have died from the infection so far.
AJK and Gilgit-Baltistan
There are 33,551 coronavirus cases in the AJK while the death toll has reached 727. On the other hand, there are 10,204 cases in GB with 182 coronavirus deaths.
There are 103,549 cases in the capital city while 893 people have lost their lives.
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