KARACHI – The Pakistani rupee continued to lose ground against the US dollar on Thursday as it plunged to a historic low in the interbank market as government is holding talks with the International Monetary Fund (IMF) to revive the loan programme amid depleting foreign exchange reserves.
The local currency shed Rs2.53 percent, taking the new value of the dollar to Rs271.36 as compared to the previous day’s Rs268.83.
This is the second consecutive day the rupee shed its value since Jan 31 when it snapped its losing streak and appreciated by 0.65% to reach Rs267.89 against the dollar.
Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades after the government allowed free floating of the currency exchange rates.
The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 28, 2023 (Tuesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||345.5||349|
|Hong Kong Dollar||HKD||35.92||36.27|
|New Zealand Dollar||NZD||178||180|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,300 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs175,160.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 204,300||PKR 2,465|
|Karachi||PKR 204,300||PKR 2,465|
|Islamabad||PKR 204,300||PKR 2,465|
|Peshawar||PKR 204,300||PKR 2,465|
|Quetta||PKR 204,300||PKR 2,465|
|Sialkot||PKR 204,300||PKR 2,465|
|Attock||PKR 204,300||PKR 2,465|
|Gujranwala||PKR 204,300||PKR 2,465|
|Jehlum||PKR 204,300||PKR 2,465|
|Multan||PKR 204,300||PKR 2,465|
|Bahawalpur||PKR 204,300||PKR 2,465|
|Gujrat||PKR 204,300||PKR 2,465|
|Nawabshah||PKR 204,300||PKR 2,465|
|Chakwal||PKR 204,300||PKR 2,465|
|Hyderabad||PKR 204,300||PKR 2,465|
|Nowshehra||PKR 204,300||PKR 2,465|
|Sargodha||PKR 204,300||PKR 2,465|
|Faisalabad||PKR 204,300||PKR 2,465|
|Mirpur||PKR 204,300||PKR 2,465|
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