Karachi: On Wednesday, the Pakistani rupee recovered partially and closed at 201.52 against the US dollar in the interbank market. According to data released by the State Bank of Pakistan (SBP), the local currency progressed Rs1.31, or 0.64%, against the greenback. AA Commodities Director, Adnan Agar, stated that the market sentiment was negative due to uncertainty regarding the persistent financial crisis.

Leave a Reply

Your email address will not be published.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

You May Also Like

In a first, Pakistan starts export of SUVs to Africa

Master Changan Motors Ltd (MCML), a joint venture between Pakistan’s Master Group…

SBP foreign reserves reach $4.6 billion

Islamabad: According to data released by the State Bank of Pakistan (SBP),…

PSX gains 657 points as political crisis ends

Karachi: On Friday, Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index registered a…

Turkish lira slips down amidst surging inflation

Istanbul: It emerged on Monday that the lira slid as much as…