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Your email address will not be published.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

“Prize will embolden Mohammadi’s fight”: Husband

Narges Mohammadi’s award would further encourage her struggle and the movement she…

India’s ban on export of onions drives up prices

India’s ban on the export of onions has driven up prices of…

Pakistan’s economy witnessed a record growth: Asad Umar

Faisalabad: Federal Minister for Planning, Development, and Special Initiatives Asad Umar claimed…

Asian markets rise on Alibaba boost

Asian stocks have been broadly up to buck losses on Wall Street,…