The local currency has witnessed nearly 17% fall since May.


Karachi: The US dollar further weakened Pakistan Rupee on Monday as the former reached a new record low on Monday, selling at 178.17 against the dollar in the interbank market.
The local currency has witnessed nearly 17% fall since May.
On Tuesday, Pak Rupee recorded a minimal decline of 0.02% against the US dollar owing to the widening current account deficit.
The rupee has maintained the downtrend for the past seven months. It has lost 17% (or Rs25.9) to date, compared to the 22-month high of Rs152.27 recorded on May 14.
With a fresh decline of 0.06%, the rupee has depreciated by 13.09% (or Rs20.63) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.

Indian SC rejects petition against Indo-Pak match
- 3 hours ago

New YouTube feature to make videos more popular
- 4 hours ago

CTD operation in Pishin, 4 terrorists killed in exchange of fire
- 5 hours ago

PTI Senators resign from standing committees
- 3 hours ago

Waqas Maqsood announces retirement from int’l cricket
- 5 hours ago

20kg flour bag crosses Rs2,000 in Lahore markets, Rs2,300 in Quetta
- an hour ago
Indonesia hit by landslides and floods, 19 dead, dozens missing
- 2 minutes ago

British-Pakistani Dr Sher Bahadur successfully treats children with thalassemia
- 5 hours ago

How Ireland wrote the modern story of progress
- 2 hours ago
OGRA increases LNG prices by up to 2.63%, notification issued
- a few seconds ago

Six arrested suspects killed during alleged CCD Lahore encounters
- 4 hours ago
Gold prices drop in global and local markets
- an hour ago