Karachi: The Pakistani rupee recorded its highest single-day gain against the US dollar. During Wednesday’s trade, the dollar lost Rs9.58 and closed at Rs228.80 against the rupee, down from 238.38 from Tuesday’s close in the interbank. In a major development, the dollar slumped 4.19% against the rupee, the highest since November 2, 1998, when the greenback fell by Rs5.10.

Leave a Reply

Your email address will not be published.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

You May Also Like

Belgium can be transit center for Pakistani exports

Lahore: On Wednesday, the diplomat of Belgium, Philippe Bronchain, asserted that his…

OPEC sticks to 2023 and 2024 oil demand forecast

OPEC stuck to its forecast for oil demand growth for 2023 and…

Israel shekel sinks to lowest since 2016

Israel’s shekel (ILS) hit its weakest level since early 2016 and the…

Oil industry foresees petrol and diesel shortage: OGRA

Karachi: The oil industry communicated to the government about an expected petrol…