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Your email address will not be published.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

FBR deputes officials to monitor sugar production, sales

Islamabad: The Federal Board of Revenue (FBR) invoked Section 40-B of the…

Pandemic to Cut Thousands of Banking Jobs in Frankfurt: study

Frankfurt am Main, Oct 21 (AFP/APP): Frankfurt’s banking sector is set to…

Poland to become ‘economic hub’ for Ukraine: PM

Warsaw: Prime Minister Mateusz Morawiecki said on Wednesday that Poland would stand…

Pakistan debuts in Chinese market with $250m Panda Bond

Pakistan on Thursday issued its first-ever Panda Bond in China’s onshore capital…