Karachi: The Pakistani rupee on Thursday continued its downward trend against the US dollar. It has hit a new low of 226 in the interbank market despite the government’s affirmations of market stability in the coming days. The rupee fell to as low as 228 during the intraday trade, but it closed at 226.81, losing Rs1.89 or 0.83%, the data released by the State Bank of Pakistan (SBP) showed.

Leave a Reply

Your email address will not be published.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

You May Also Like

Pakistan seeks Saudi Arabia’s $5bn oil facility, $5bn deposit rollover for 10 years

Pakistan has made eight requests to Saudi Arabia under long-term economic cooperation,…

Pak Suzuki announces motorcycle plant shutdown

Pak Suzuki Motor Company Limited has once again announced its motorcycle plant…

Energy relief package prepared for industrial consumers

A relief package to provide electricity to industries across Pakistan at reduced…

Gold price increases by Rs. 4,000 per tola

Karachi: Gold price increased by Rs4,000 per tola on Friday, reaching the…