According to recent reports from Hum News, there has been a significant decline in the exchange rate between the US dollar and the Pakistani Rupee in the open market, with the rate now standing at 302 Rupees per US dollar. This noteworthy drop in the value of the US dollar against the Pakistani Rupee represents a significant development.
In Karachi, there has been a noticeable rise in the value of the US dollar against the Pakistani rupee. In the interbank market, the dollar surged by Rs 2.09, reaching Rs 281.35 on the second day of the business week. Similarly, in the open market, the dollar settled at Rs 286, marking an increase of 2 rupees.
ISLAMABAD: Federal Finance Minister Ishaq Dar announced the receipt of 700 million (70 crore) dollars from China, the money is likely to be received by the State Bank next week.
KARACHI: The increase in the value of the dollar continues in the country, which is not stopping, the dollar has become more expensive in the interbank market as well.