Karachi: The Pakistani rupee plunged to a new low on Thursday while proceeding with its downward spiral against the US dollar. Data released by the State Bank of Pakistan (SBP) showed that the local unit closed at a historic low of 239.94 against the US dollar — surpassing its last day low of 236.02 after devaluing by Rs3.92, or Rs1.63% today.

Leave a Reply

Your email address will not be published.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

You May Also Like

Asian Markets Lifted by Stimulus Optimism & Vaccine Hopes

Hong Kong, Oct 21 (AFP/APP): Asian markets rose Wednesday on signs US…

Biden nominates former Mastercard CEO Ajay Banga to head WB

US President Joe Biden nominated former Mastercard Inc (MA.N) CEO Ajay Banga…

Finance Minister Tarin warns non-taxpayers

Finance Minister Shaukat Tarin instructed unlisted potential taxpayers in the country to…

SBP-held reserves plummet below $4.5bn

Pakistan’s central bank forex reserves have plunged to the lowest level since…