IMF deal uncertainty causes rupee to decline

IMF’s new demands weigh on Pakistani rupee. The Pakistani rupee faced a significant drop during Wednesday’s trade as the market reacted nervously to news that the International Monetary Fund (IMF) had made “new demands” of the federal government. The currency fell 4.61 or 1.73% against the US dollar to close at 266.11 in the interbank …

US dollar sold at Rs160.6 on 8 February

The sales rate of the US dollar was Rs159.9, while the sale rate was Rs160.6 on Monday, 8 February. In the meantime, the prices of the US Dollar, Saudi Riyal, UK Pound, UAE Dirham, and other foreign currencies in the free market were as follows. Currency Buying Selling Australian Dollar 121 123 Canadian Dollar 123 …

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