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The Importation of Frameworks: How the Sales Tax Act is Shaping the Federal Excise Act Finance Act 2026: Navigating the Future of Faceless Tax Provisions in Pakistan Surviving an AI-Driven Tax Audit: A Proactive Guide for Businesses in Pakistan (Tax Year 2026)The Privacy Paradox: Navigating Data Scrutiny in Pakistan's New Digital Tax Ecosystem Faceless Audit & Assessment (s.122E & s.11H): How Big Data is Triggering Automated Audits in Pakistan Customs Act s.179(6): The Rise of Virtual Adjudication at the Borders Faceless Appeals (s.45C & s.129A): The End of Face-to-Face Tax Litigation in Pakistan?Algorithmic Settlement (s.134B & s.47AA): Can AI Fairly Resolve Tax Disputes in Pakistan?

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Rupee Depreciates Against US Dollar for Third Straight Day

Dec 06, 2024

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5 min read

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Legal Editorial Desk

Rupee Depreciates Against US Dollar for Third Straight Day

The Pakistani rupee (PKR) closed in red for the third straight day against the US Dollar (USD) on Friday. The PKR depreciated by 0.03 percent and closed at 278.01 after losing seven paisas against the US Dollar today. The British Pound (GBP) closed at 354.8371 against the PKR compared to 354.0318 a day earlier. Euro (EUR) closed today at 294.2032 against 292.9813 on Thursday while the Canadian Dollar (CAD) closed today at 198.0758 against 197.6846 on Thursday. Similarly, the Saudi Riyal (SAR) closed at 74.0036 today compared to 73.9785 on Thursday. UAE Dirham (AED) closed at 75.6879 compared to 75.6713 on Thursday.

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