• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Pakistani rupee recovers against US dollar in interbank

by Suneela Zulfiqar
October 21, 2022
in Business, Finance
Reading Time: 1 min read
Pakistani rupee recovers against US dollar in interbank
Share on FacebookShare on Twitter

The Pakistani rupee recovered Rs0.11 versus the US dollar on Friday, breaking its losing run.

State Bank of Pakistan (SBP) reports that the local currency increased 0.11 paisa from yesterday’s closure of Rs220.95 to end at Rs220.84 today.

Interbank closing #ExchangeRate for todayhttps://t.co/MEFYHY7w0K pic.twitter.com/79hgXLmjRd

— SBP (@StateBank_Pak) October 21, 2022

Yesterday, the local currency had a final value of Rs 220.88 per US dollar.

Earlier, it emerged that the money exchange companies have decided to cap currency rates in a bid to stabilize the Pakistani rupee against foreign currencies.

The decision to restrict currency prices by the money exchange businesses will devalue other currencies, notably the US dollar.

Zafar Paracha, general secretary of the Exchange Companies Association of Pakistan (ECAP), stated in a statement that the organization has taken steps to devalue other currencies, including the dollar.

Tags: interbank marketlatestPakistani rupeeUs Dollar
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

SBP's Interbank Closing Currency Exchange Rates in Pakistan, October 3, 2023

SBP’s Interbank Closing Currency Exchange Rates in Pakistan, October 3, 2023

Pakistani Currency Exchange Rates for Various Currencies on October 3, 2023, as per State Bank of Pakistan (SBP). USD to...

Pakistan mulling to sell Reko Diq shares to Saudi investors

Pakistan mulling to sell Reko Diq shares to Saudi investors

Following the kingdom's interest in the copper-gold mining project, the federal government is considering selling its shares in the Reko...

Intraday Update: Rupee's Strong Performance Against US Dollar

Intraday Update: Rupee’s Strong Performance Against US Dollar

The Pakistani rupee gained 0.39% against the US dollar during the first hours of trade in the interbank market on...

Cnergyico imports Pakistan’s first private-sector Russian crude cargo

Cnergyico imports Pakistan’s first private-sector Russian crude cargo

Cnergyico, a Pakistani refiner, announced on Monday that it has imported the country's first private-sector supply of Russian crude oil,...

Gold prices drop in Pakistan

Gold Prices Decline in Pakistan: Check the Latest Rates

On Monday, the price of 24-karat gold, in its purest form, stands at Rs202,000 per tola. For those interested in...

Oman’s low-cost carrier SalamAir completes maiden flight from Muscat to Peshawar

Oman’s low-cost carrier SalamAir completes maiden flight from Muscat to Peshawar

SalamAir, Oman's low-cost carrier, completed its maiden flight from Muscat to Peshawar on Monday, according to a statement from Pakistan's...

Next Post
After four long years, FATF Removes Pakistan out of Grey List

After four long years, FATF Removes Pakistan out of Grey List

Recent Posts

  • In Major Milestone, First-ever Women’s Cricket Match Held in Swat, Pakistan
  • Mahira Khan Shares Highlights from Her Wonderful Wedding with ‘Shehzada Salim’
  • Ideal Bank Statement for a Canada Visit Visa Application from Pakistan
  • SBP’s Interbank Closing Currency Exchange Rates in Pakistan, October 3, 2023
  • Trio won 2023 Nobel Prize in Physics for use of light to study electrons

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk