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Your email address will not be published.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

Alibaba group expells employee over sexual assault allegations

Beijing: It was reported on Sunday that Chinese e-commerce giant Alibaba Group…

PSO denies the rumours of fuel shortage

Pakistan State Oil (PSO) spokesperson on Friday denied all the rumours about…

CPEC projects accelerated by Pak-China cooperation: Mao Ning

On Tuesday, Chinese foreign office spokesperson Mao Ning said that Pakistan and…

Britain warns France to back off in 48 hours

London: On Monday, it emerged that Britain had given France 48 hours…