Karachi: The Pakistani rupee remained highly volatile and continued its losing streak against the US dollar on Tuesday. It lost Rs2 in the interbank market despite Finance Minister Miftah Ismail assuring that the International Monetary Fund (IMF) program would be revived within the next two days. According to the State Bank of Pakistan (SBP), the US dollar closed at Rs211.48, after appreciating Rs2, or 0.72%, against Monday’s record high of Rs209.96.

Leave a Reply

Your email address will not be published.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

You May Also Like

Rupee recovers as dollar falls to Rs185.9

Karachi: After a bleak month, the rupee finally made a comeback against…

Gold rate declines for second consecutive day

Despite an increase in the international rate, gold’s value declined in Pakistan…

Apple stock plunges $108B after underwhelming iPhone 17 launch

Apple Inc. lost a staggering $108 billion in market value in a…

Centre, Sindh ‘decide’ to revive Pakistan Steel Mills jointly

  The federal and Sindh governments on Monday decided to revive the…