Karachi: Contrary to the prevailing trend during the week, the Pakistani currency earned 0.19% against the US dollar on the last trading day of the week. The local currency settled at Rs177.50 against the greenback compared to its last close of Rs177.83 against the US currency a day earlier. After posting a fresh increase of 0.19%, the Pakistani rupee has depreciated by 12.66% (or Rs19.96) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.

Leave a Reply

Your email address will not be published.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

You May Also Like

Trump strikes trade deal with Japan to cut tariffs

The United States and Japan struck a deal to lower the hefty…

Pakistan faces default risk without IMF loan: Moody’s

Moody’s Investor Service warned that without an International Monetary Fund (IMF) program…

Pakistan bans export of 212 items to Afghanistan

The Ministry of Commerce has banned the export of 212 items to…

US Dollar dips as 10-year yields back away from highs

The US Dollar (USD) fell against the euro and yen on Thursday…