Tag: PKR
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Inflation: Gold prices hike up by PKR 750
Gold costs acquired in the local market on Friday as inflation stresses supported interest for the place of refuge metal, even as the rupee held close to notable lows on rising wagers of a higher-than-anticipated current record shortfall. Per tola gold rose Rs750 to Rs125,850 while per 10 grams gold acquired Rs643 to Rs107,896. Nearby…
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Dollar hike is economic devastation, says PML-N Leader
Shahbaz Sharif, Pakistan Muslim League -Nawaz (PML-N) and Opposition Leader called the alarming rise of the US dollar against the rupee an indication of “economic devastation”, on Saturday. The nearby money on Friday shut once more above Rs175 — close to its record-breaking low against the US dollar. As indicated by an assertion gave by…
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PKR reaches new low, drops to 175.73 against USD
The Pakistani rupee (PKR) dropped to a record-breaking low of rupees 175.73 against the United States’ dollar (USD) in the bank market on Friday. The local currency devalued around PKR 1.54 against the greenback before it settled. In total, the value has lost 5.76 rupees during most recent seven days. Interbank closing #ExchangeRate for today:https://t.co/GvctANz3jH…
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Fitch speculates Pakistani Rupee to further weaken in 2022
Fitch Ratings reviewed its previous estimates for the Pakistani rupee on Thursday for both this year and next due to the mounding factors, including an expanded progression of U.S. dollars into Pakistan’s neighbor, Afghanistan. Fitch’s figure for the rupee’s normal rate this year is currently 164 to the U.S. dollar in comparison with the 158…