Karachi: On Dec 28, the Pakistani rupee continued to slide against the US dollar with a fresh decline of 0.01% because of constant supply-side pressure. The local currency closed at Rs.178.19 against the greenback in the interbank market and surpassed Monday’s record low of Rs.178.17. This happened due to increased demand from the importers and a lack of adequate supplies.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

USC reduces ghee prices across Pakistan

The state-owned Utility Stores Corporation (USC) has reduced the prices of ghee…

‘Quick relief’ from soaring inflation, not expected: Asad Umar

Islamabad: On Monday, Asad Umar, Planning and Development Minister rejected any chances…

World Bank raises global growth forecast

The World Bank revised its 2023 global growth forecast slightly upwards to…

Alibaba group expells employee over sexual assault allegations

Beijing: It was reported on Sunday that Chinese e-commerce giant Alibaba Group…