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Did the US Dollar Suddenly Drop to Rs. 140 Against Pakistani Rupee?

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5 min read
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Legal Editorial Desk
Did the US Dollar Suddenly Drop to Rs. 140 Against Pakistani Rupee?
Google Finance currently shows that the mighty US Dollar on Monday lost Rs. 138 against the Pakistani Rupee (PKR) which is incorrect. The PKR closed at 279.04/$ in the interbank market on Monday after losing nine paisas on February’s first trading day. Google’s currency converter shows the official PKR/$ rate at Rs. 140.89 despite the official exchange rate of 279/$ which appears to be a glitch on part of the search engine. The converter displays 277/$ as the exchange rate but there is a graphical error that has yet to be rectified. Google also incorrectly shows the British Pound (GBP) at a ridiculous rate of Rs. 175.2 compared to the official rate of Rs. 342.7. The search engine shows that the Australian Dollar (AUD) dropped to Rs. 87.67, the UAE Dirham (AED) at Rs. 38.3, and Saudi Riyal (SAR) at Rs. 37.5. Only the Euro (EUR) appears to have fallen near the official interbank rate of Rs. 286 yesterday. The incorrect visual log of all major currencies against the PKR appears to be a mistake. Google has yet to amend it.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

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