Business

US dollar hits all records against Pakistani rupee, reaches 172

Published by
Web Desk

KARACHI: US Dollar on its peak against Pakistani rupee in the open market, dollar reaches Rs172 on Wednesday.
In the past four months alone, the dollar value has jumped Rs18 as on May 7, it stood Rs152.28.
This surge in the open market followed the bullish inter-bank trade which, too, noted routing of local currency against the greenback.
In the interbank trade today, the US dollar stands at Rs170.3 after gaining Rs0.33 over the Pakistani rupee.
Gold rate falls in Pakistan
On the other hand as reported yesterday, the price of gold fell by Rs200 per tola in Pakistan on Tuesday, according to Muhammad Arshad, the chairman of the All Pakistan Jewellers Manufacturers Association.
One tola of precious yellow metal is now available for Rs113,400 in the domestic market.
Similarly, 10 grams of gold fell by Rs170 to Rs97,222, he said.

Read more: Rupee drops to historic low of Rs169.97 against US dollar

Web Desk

Recent Posts

FM Asim Munir holds key meeting with Turkish President

ANKARA: Field Marshal Asim Munir held an important meeting with Turkish President Recep Tayyip Erdogan…

13 minutes ago

Gurpatwant exposes Modi’s failed effort to change Sikh’s history through movie Satluj

ISLAMABAD: The highly controversial Indian movie named 'Satluj' has been the talk of the town…

34 minutes ago

Emergency LNG cargo purchase initiated by PLL

ISLAMABAD: In view of the increasing tension in the region and the fears of closure…

46 minutes ago

IMF projects higher inflation than government’s target

ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…

2 hours ago

PM Shehbaz condemns attacks on KSA, reaffirms Pakistan’s solidarity

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…

2 hours ago

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

3 hours ago