Advertisement
Categories: BusinessNews

Dollar Gains Ground Against Pakistani Rupee – January 29, 2024 USD PKR Rate

Advertisement

The American dollar surged in the interbank market, reaching 279.64 rupees, marking a modest increase of 5 paise according to State Bank of Pakistan data.

At the beginning of today’s trading session, the dollar was trading at 279.30 rupees after a decrease of 29 paise.

Recall that on the last day of the previous week’s trading, Friday, the dollar closed at 279.59 rupees.

Meanwhile, Pakistani currency has shown significant improvement during the ongoing fiscal year. There has been a notable increase of 2.3% in the overall value of the Pakistani rupee against the American dollar since the beginning of the fiscal year.

Additionally, a series of fluctuations in gold prices has led to an increase in local gold prices following global market trends. International bullion markets witnessed an increase of $12 per ounce, bringing gold prices to $2050 per ounce, consequently impacting local prices.

According to foreign exchange associations, local gold prices surged by Rs. 1500 per tola to Rs. 215,400, and by Rs. 1286 per ten grams to Rs. 184,671.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Senior Russian General Killed in Car Bomb Near Moscow

A senior Russian military official, Major General Yaroslav Moskalik, was killed on Friday in a…

1 hour ago

LUMS Launches CeDAR to Drive Blockchain and Web 3.0 Innovation in Pakistan

The Center for Digital Assets Research (CeDAR) at LUMS was officially launched on April 24,…

1 hour ago

IPAK Group Posts Strong Q3 Results

International Packaging Films Limited (IPAK) Group has recorded 66% increase in its revenues for the…

2 hours ago

AKU, Local and Global Partners Launch Landmark Malaria Elimination Project in Thatta

The Aga Khan University (AKU) marked World Malaria Day with the launch of the Thatta…

2 hours ago

Stanford Scientists Unveil Solar Panels That Work at Night

Researchers at Stanford University have unveiled a breakthrough in solar technology: a new type of…

2 hours ago

NDMA Warns of Severe Weather Across Pakistan, PMD Issues Heatwave Alert Ahead of May Storm System

The National Disaster Management Authority (NDMA) has warned of unstable weather conditions across several parts…

2 hours ago