Business
Us dollar touches 174 mark against Pakistani rupee
Karachi: US dollar on Thursday jumped 49 paisa in the inter-bank market to be traded at Rs173.96, weakening the rupee by -0.28%.
According to the State Bank of Pakistan (SBP), the Pakistani rupee continued to lose its ground against the US dollar for the second consecutive session in the inter-bank market depreciating by -0.28% to close the day’s trade at Rs173.96.
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.
Interbank closing #ExchangeRate for today: https://t.co/wqpWAXJuPw pic.twitter.com/q7sdXoK9tu
— SBP (@StateBank_Pak) October 21, 2021
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 Rs163.84 against the greenback last year in October.
-
Technology 14 hours ago
Qualcomm quietly demos Baldur’s Gate 3 and Control on Snapdragon X Elite laptops
-
Technology 2 days ago
Razer’s lightning-quick Huntsman V2 keyboard is down to its lowest price to date
-
Regional 1 day ago
PPP, PML-N not agreed in by-elections
-
Business 1 day ago
Gold price increases Rs1500 per tola in Pakistan
-
Pakistan 2 days ago
IHC Judges letter: Petition in SC to form inquiry commission
-
Technology 2 days ago
Nvidia’s AI chip dominance is being targeted by Google, Intel, and Arm
-
Regional 2 days ago
Nawaz Sharif not go for Umrah in Ramadan
-
Pakistan 2 days ago
PHC approves appeal to not take oath on reserved seats in KP