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Yesterday, the value of the dollar increased by one rupee and 25 per cent — File Photo: Dawn Archives

The rupee is once again depreciating against the dollar in the interbank market, with the dollar trading at Rs 282.50 after gaining Rs 3.38 paise on Thursday.

According to the Exchange Companies Association of Pakistan, the rupee depreciated by Rs 3.38 paisa in the interbank market, after which the dollar was trading at Rs 282.50 paise.

According to the State Bank of Pakistan, the value of the dollar increased by one rupee 25 paise or 0.45% yesterday, after which it closed at 279 rupees 12 paise.


Secretary General Exchange Companies Association of Pakistan Zafar Pracha said that today there is a tendency to increase the value of the dollar, the main reason for this seems to be that the staff level agreement with the International Monetary Fund (IMF) is not being reached.




Zafar Pracha said that the exporters are bringing in their money at the current dollar rate but the demand is very high compared to that.

He said that things do not seem to improve until the IMF program and deposits and loans from friendly countries are received.

It should be noted that on March 6, due to the expectation of an agreement from the IMF, the dollar was cheaper by 54 paise in the interbank market.

Pakistan is suffering from severe economic crisis, its foreign exchange reserves have dwindled to about 3.8 billion dollars, which is not enough to cover even one month's import bill.

In such a situation, the country urgently needs to sign an agreement with the IMF that will not only release $1.2 billion, but also attract funds from friendly countries and other multilateral lenders. Will be.
کمیونٹی سے تصدیق شدہ آئیکن
کمیونٹی سے تصدیق شدہ آئیکن
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