KARACHI: The dollar rate has reached an all-time high against the Pakistani rupee and is presently trading at Rs225 in the interbank market, as reported by Mettis Link News.
According to details, the greenback spiked sharply by Rs3.01 in the interbank market to settle at Rs225. The USD is trading at Rs226-227 in the open bank market.
“The panic in the market is primarily due to political turmoil, which will subside in a few days,” Ismail told Reuters, adding that he expected pressure on the rupee to fall in the next few days.
Analysts attributed the decline to the lack of economic guidance amid the political uncertainty prevailing in the country and the State Bank of Pakistan (SBP) not intervening.
According to the SBP, the rupee closed at Rs224.92 against the dollar, down Rs2.93 or 1.3 per cent, from yesterday’s close of Rs221.99.
Interbank closing #ExchangeRate for todayhttps://t.co/cOAZT31IG2 pic.twitter.com/7yW54WWKcc
— SBP (@StateBank_Pak) July 20, 2022
Good Blog !
Zaitoon Lifestyle Lahore is another impending residential project that offers luxury living and high way of life conveniences. Zaitoon Lifestyle is a tranquil and lavish green housing society outside the buzzing about of the city. The project is a joint endeavor of the famous Zaitoon Group, so you can be guaranteed that all fundamental conveniences and cutting edge facilities are accessible here.
Asslsmo alaikum