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Dollar hits historic high at Rs173 in interbank market

The US Dollar continued its surge against Pakistani rupee on Monday, rising to a historic high of Rs173 in the interbank market.

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Dollar hits historic high at Rs173 in interbank market
GNN Media: Representational Photo

Karachi: The US Dollar continued its surge against Pakistani rupee on Monday, rising to a historic high of Rs173 in the interbank market.

According to the State Bank of Pakistan (SBP), the Pakistani rupee continued to lose its ground against the US dollar in the inter-bank market depreciating by 82 paisas to close the day’s trade at Rs173 at 12:37pm compared to the previous session's close of 171.18. 

The demand for dollars continues to be strong owing to the pressure from importers on the back of a strong economic recovery, pushing the domestic currency lower, experts said. 

Traders associated with the Forex market say the main reason for rising in the dollar rate in Pakistan on Tuesday is the increase in import bills.

Earlier Pakistani rupee had touched an all-time low of Rs171.20 against the greenback last year in August before recouping some losses to hit a 24-month high of Rs152.95 in April 2021.

Mehak Javed

Mehak Javed is immensely creative and an enthusiastic journalist, contributing in the publication of timely and accurate news. She is a skilled writer along proven history of achievement in the field with several years of professional experience. Mehak is working with GNN since 2020.

Pakistan

Pakistan continues to report decline in COVID cases, deaths      

Around 475 fresh coronavirus cases emerged while 10 people succumbed to the disease in the last 24 hours, taking the total death toll to 28,728.

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Pakistan continues to report decline in COVID cases, deaths      

Islamabad: Amid a steady decline in Covid-19 infections, Pakistan's coronavirus positivity ratio further fell to 1.1% with 475 new cases. 

According to the latest figures issued by the National Command and Operation Center (NCOC), 475 persons were tested positive for COVID-19 in the past 24 hours. 

The total number of cases has reached 1,284,840.

As many as 1,242,236 patients have recovered from the disease.

Punjab

The number of patients swelled to 443,094 in the province with 13,023 causalities.

Sindh

The number of infections has surged to 475,616 in the province, while the death toll has reached 7,621.

Khyber Pakhtunkhwa

The confirmed cases have surged to 179,995 in the province with 5,842 casualties.

Balochistan

There are 33,479 confirmed cases while 360 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 34,556 coronavirus cases in the AJK while the death toll has reached 742. On the other hand, there are 10,411 cases in GB with 186 coronavirus deaths.

Islamabad

There are 10,411 cases in the capital city while 954 people have lost their lives.

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Sports

Messi wins Ballon d'Or for seventh time

Argentine football great Lionel Messi defeated Robert Lewandowski of Polish (Bayern Munich Club) and Georginho (Chelsea) of Italy for this annual award for the best player in the world of football. 

Published by Mehak Javed

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Messi wins Ballon d'Or for seventh time

Paris: Argentina and Paris Saint-Germain forward Lionel Messi has created history as he won the Ballon d'Or award for a record-extending seventh time late on Monday night.    

Argentine football great Lionel Messi defeated Robert Lewandowski of Polish (Bayern Munich Club) and Georginho (Chelsea) of Italy for this annual award for the best player in the world of football. 

By winning the award, Messi has gone several miles ahead of Portugal’s star striker Cristiano Ronaldo in terms of winning the most Ballons d’Or. 

The 34-year-old Messi now has 7 awards to his name, while 36-year-old Ronaldo has won this honor 5 times. 

Besides this, the star footballer claimed a maiden Copa America title with his country this year and was top scorer in La Liga for the 2020-21 season with 30 goals.

Messi ​​won the Best Player of the Year award for the first time in 2009. He won this title in 2009, 2010, 2011, 2012, 2015, 2019 and now in 2021. 

Messi joined PSG on a free transfer from Barcelona during the off-season and collected 613 points to finish ahead of Lewandowski (580) and Chelsea's Italy midfielder Jorginho (460) at a star-studded ceremony in Paris. 

For the unversed, Messi and Ronaldo have won this award a total of 12 times since 2008. Thus, both players are dominating the world of football.

Awarded by France Football magazine, the Ballon d'Or has been awarded since 1956.

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Pakistan

Key federal cabinet meeting to be held today

Federal Cabinet is scheduled to discuss a 13-point agenda

Published by Siddra Sumreen

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Key federal cabinet meeting to be held today

Islamabad: The federal cabinet will meet today in Islamabad to discuss economic and political situation including current status of Covid-19 in the country.

According to details, Prime Minister Imran Khan will preside over the federal cabinet meeting at his office which is scheduled to discuss a 13-point agenda.

A detailed briefing on economic indicators will be given in the Cabinet meeting. The meeting will also be briefed on the vacancies of CEOs and MDs in various ministries and divisions while the cabinet will approve relaxation in the National Aviation Policy 2019 Act.

The cabinet meeting will also consider Roll 68 of Civil Aviation of the flight altitude of aircraft. The cabinet will also approve vehicle import scheme for officials of Pakistani embassy in Iran.

 

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