• About
  • Advertise
  • Contact
Thursday, July 7, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home All

Rupee gains Rs1.2 in the interbank market against US Dollar

byNews Desk
May 30, 2022
in All
Reading Time: 1 min read
0
Rupee gains another Rs1.2 in interbank as Pakistan closes in on IMF deal
232
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

Pakistani rupee on Monday appreciated by Rs1.2 against the US dollar in the interbank trade, a development which is largely being attributed to the change in market sentiments over the government’s expected deal with the International Monetary Fund (IMF) after it complied with its condition to raise fuel prices.

As per the the Forex Association of Pakistan (FAP), at around 11am, the greenback depreciated to Rs198.40 — down Rs1.20 against Friday’s close of Rs199.60.

RelatedPosts

UNDP appoints Fawad Khan as Goodwill Ambassador

Govt announces increase in petrol price by Rs30

71 New Buses Arrive at Karachi Port For People’s Bus Service

Since the PML-N-led coalition government took over on April 11, when the dollar was valued at Rs182.30, the greenback rose around Rs20 to breach Rs202 by May 26.

But after weeks of persistent declines — which had been largely attributed to the country’s rising import bill, widening current account deficit and depleting foreign exchange reserves — on Friday, the rupee finally broke its losing streak after the government decided to lift the fuel price cap to comply with the conditions of the IMF.

Tags: IMFPakistaRs1.2 in interbankRupee gains
News Desk

News Desk

A source of economic, political, business, finance, health and sports updates.

Related Posts

UNDP appoints Fawad Khan as Goodwill Ambassador

UNDP appoints Fawad Khan as Goodwill Ambassador

UNDP Pakistan has appointed acclaimed actor Mr. Fawad Khan as its National Goodwill Ambassador, according to a press release. Khan...

miftah ismail

Govt announces increase in petrol price by Rs30

ISLAMABAD: Finance Minister Miftah Ismail announced Thursday a massive hike in the price of petroleum products after the International Monetary...

Next Post
Exports of information technology sector crossed $2.25b mark: Minister

Exports of information technology sector crossed $2.25b mark: Minister

Recommended

Women’s Football Team to Take Part in SAFF Championship

Women’s Football Team to Take Part in SAFF Championship

An African Old Man Sold the Only House He Owned To Perform Umrah

An African Old Man Sold the Only House He Owned To Perform Umrah

Railways Announces 30pc Reduction In Train Fares

Railways Announces 30pc Reduction In Train Fares

Hyderabad to get Rescue 1122 by next year

Hyderabad to get Rescue 1122 by next year

Army budget reduced to pave way for IMF deal

Army budget reduced to pave way for IMF deal

Monsoon emergency helpline ‘16’ becomes functional

Monsoon emergency helpline ‘16’ becomes functional

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • 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

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In