News

Pakistani Rupee Posts Gains Against US Dollar for Second Straight Day

•
5 min read
•
Legal Editorial Desk
Pakistani Rupee Posts Gains Against US Dollar for Second Straight Day
The Pakistani rupee (PKR)on Friday appreciated by 11 paisa against the US dollar (USD) in the interbank trading and closed at Rs. 278.56 against the previous day’s closing of Rs. 278.67. PKR had reversed its 3-day losing streak against the USD yesterday, appreciating by 0.03 percent to close at 278.67. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.75 and Rs 280.25 respectively. The price of Euro (EUR) increased by 63 paisa to close at Rs. 309.58 against the last day’s closing of Rs. 308.95, according to the State Bank of Pakistan (SBP). The Japanese yen (JPY) remained unchanged and closed at Rs. 1.94, whereas an increase of 81 paisa was witnessed in the exchange rate of the British Pound (GBP), which traded at Rs. 367.19 as compared to the last day’s closing of Rs. 366.38. The exchange rates of the Emirates Dirham (AED) and the Saudi Riyal (SAR) decreased by 03 paisa each to close at Rs. 75.84 and Rs. 74.20 respectively.
Share:

Editorial & Legal Practice Group

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.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

Need Expert
Legal Counsel?

Free Session
Initial Consultation
100% Secure
Private & Confidential

Request a Callback

Enter your WhatsApp number and our legal team will connect with you shortly.

Typical response: Prompt response during chamber hours