Pakistani rupee continues to depreciate in the interbank
The Pakistani rupee continued to depreciate against the dollar during the week in the interbank and local open currency markets.
According to reports, the dollar appreciated by 85 paise against the Pakistani rupee in the interbank market during the last week, pushing the buying price of the dollar from Rs 165.95 to Rs 166.90 and the selling price from Rs 166.15 to Rs 167.
Similarly, the dollar rose by Rs 1 in the local open currency market, pushing the buying price of the dollar from Rs 166.20 to Rs 167.30 and the selling price from Rs 166.60 to Rs 167.60.
The euro and the British pound rose by a record Rs 2 and Rs 2.70, respectively, during the period under review.
The buying rate of the British pound rose from Rs 227.30 to Rs 230.50 and the selling price rose from Rs 229.30 to Rs 232.
The dollar depreciated by 10 paise and the euro by 30 paise in the local open currency market. The pound became 20 paise more expensive.
Bitcoin Price Forecast: It’s remained a bearish start to the week
It’s remained a bearish start to the week for the majors, with...
Listed automobile sector’s profits surge 4.6 times in FY21
KARACHI: The listed automobile sector posted outstanding financial results during FY21, as...
Pakistan earns $195 million from IT services’ exports
ISLAMABAD: Pakistan earned $195.990 million by providing different information technology (IT) services...
State Bank raises key policy rate by 25bps to 7.25%
KARACHI: The State Bank of Pakistan (SBP) on Monday announced a 25...
Dumper Association’s strike turns into hooliganism
KARACHI: The Dumper Association strike has now turned into hooliganism, as the...