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.
This post was last modified on January 29, 2024 1:36 pm
As tensions escalate between the U.S. and Iran, fears of a potential homeland threat have…
In a move that underscores escalating tensions across the Middle East, British Prime Minister Keir…
Deputy Prime Minister and Foreign Minister Ishaq Dar highlighted the urgency for de-escalation in the…
In an escalating political crisis in Washington, the US House of Representatives is poised for…
GENEVA (Reuters) - The World Health Organization (WHO) confirmed Thursday that a US-Israeli campaign has…
ISLAMABAD – Pakistan’s Prime Minister Shehbaz Sharif engaged in urgent calls with Malaysia’s Anwar Ibrahim…
This website uses cookies.
