Karachi: The Pakistani rupee’s downfall against the US dollar continued for the fifth consecutive session on Thursday. The local currency closed at 225.42 after losing 2 in the interbank market, down in value from the previous session’s close of 223.42. According to the State Bank of Pakistan (SBP), the rupee has cumulatively lost around 6.82 against the dollar since this week’s trade began.

Leave a Reply

Your email address will not be published.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

You May Also Like

Dubai’s tourism sector boosts robust growth

The economic momentum carried forward from last year and the launch of…

Pakistan secures $500m US investment in critical minerals

Pakistan is set to receive a landmark investment of around $500 million…

Dollar expected to reach PKR 180 in 2022: Fitch

On Thursday, Fitch Ratings, New York-based agency, reworked its forecast as US…

Lufthansa orders 80 planes from Boeing and Airbus

The Lufthansa Group has ordered purchase of a total of 80 state-of-the-art…