US dollar rate in Pakistan on Aug 2 down by Re0.16 to Rs278.50

KARACHI: The US dollar rate in Pakistan decreased by Re0.16 (16 Paisa) against Pakistani rupee to Rs278.50 in the interbank market on Friday (Aug 1) as per the State Bank of Pakistan (SBP).

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.2 and Rs 280.4 respectively.

The price of Euro came down by 20 paisa to close at Rs 300.82 against the last day’s closing of Rs 301.02, according to the State Bank of Pakistan (SBP).

The Japanese yen went up by 01 paisa and closed at Rs1.86, whereas a decrease of Rs 2.36 was witnessed in the exchange rate of the British Pound, which traded at Rs354.12 as compared to the last day’s closing of Rs356.48.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 04 paisa and 07 paisa to close at Rs75.82 and Rs74.20 respectively.