1. [email protected] : Abdullah Al Mamun : Abdullah Al Mamun
  2. [email protected] : Md. Shamsul Akram : Md. Shamsul Akram
  3. [email protected] : Mohammad Anas : Mohammad Anas
  4. [email protected] : Jannatul Ferdous : Jannatul Ferdous
  5. [email protected] : Shoyaib Forhad : Shoyaib Forhad
  6. [email protected] : Md Motaleb Hossain : Md Motaleb Hossain
  7. [email protected] : Khaled Bin Musa : Khaled Bin Musa
  8. [email protected] : Nusrum Rashid : Nusrum Rashid
  9. [email protected] : Rasel Mia : Rasel Mia
  10. [email protected] : Md. Rayhan Mia : Md. Rayhan Mia
  11. [email protected] : Saiful Islam : Saiful Islam
  12. [email protected] : Abdus Salam : Abdus Salam
  13. [email protected] : Sourav Sarkar : Sourav Sarkar
  14. [email protected] : English Support : English Support
  15. [email protected] : Aftab Wafy : Aftab Wafy
  16. [email protected] : Md. Abdul Wahab : Md. Abdul Wahab
Pakistani rupee breaks losing streak - BDTone24.com
June 26, 2022, 11:17 am

Pakistani rupee breaks losing streak

Staff Reporter
  • Published: Friday, May 27, 2022,

Pakistani rupee (PKR) snapped out of its losing streak against the dollar on Friday (27 May), gaining PKR2.50 in interbank trade in the early morning hours after the Pak government decided to lift the fuel price cap to comply with the conditions of the International Monetary Fund (IMF).

According to the Forex Association of Pakistan (FAP), the dollar was trading at PKR199.50 at 10:38 am, after depreciating against Thursday’s close off PKR202, reports The Dawn.

The persistent decline in the rupee’s value since 10 May has been largely attributed to the country’s rising import bill, widening current account deficit, and depleting foreign exchange reserves.

Since the PML-N-led coalition government took over on 11 April, when the dollar was valued at PKR182.30, the greenback has risen by PKR19.

FAP Chairman Malik Bostan said that the rupee was appreciated because of the government’s decision to end fuel subsidies.

Please share the news. If do not get the share option, turn off the ad-blocker in the browser.

More News
themesbazarbdtone247