KARACHI – Pakistani rupee plunged drastically to approach an all-time low, week after currency exchangers lifted a cap on the rupee-dollar rate.
On Monday, the greenback was being quoted at 272 during intra-day trading with depreciation of Rs7. Exchange Companies Association of Pakistan told media that rupee slumped by nearly 15 percent or Rs36 in last three days, compared to last week when it was closed at Rs230.89.
The losing streak of the rupee was contained as the federal government ended its control on its price following stern directions from International Monetary Fund (IMF) officials to revive the $7 billion loan programme.
Meanwhile, finance pundits have sounded the alarm for investors that the rupee is expected to plunge further against the US dollar unless the inflow of foreign currency improves.
More to follow…
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 November , 2022 (day).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||341.5||345|
|Hong Kong Dollar||HKD||36.1||36.45|
|New Zealand Dollar||NZD||174.91||176.91|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Sunday. The price of 10 grams of 24k gold was recorded at Rs178,500.
Likewise, 10 grams of 22k gold were being traded for Rs159,930 while a single tola of 22-karat gold was being sold at Rs 186,540.
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 208,200||PKR 2,350|
|Karachi||PKR 208,200||PKR 2,350|
|Islamabad||PKR 208,200||PKR 2,350|
|Peshawar||PKR 208,200||PKR 2,350|
|Quetta||PKR 208,200||PKR 2,350|
|Sialkot||PKR 208,200||PKR 2,350|
|Attock||PKR 208,200||PKR 2,350|
|Gujranwala||PKR 208,200||PKR 2,350|
|Jehlum||PKR 208,200||PKR 2,350|
|Multan||PKR 208,200||PKR 2,350|
|Bahawalpur||PKR 208,200||PKR 2,350|
|Gujrat||PKR 208,200||PKR 2,350|
|Nawabshah||PKR 208,200||PKR 2,350|
|Chakwal||PKR 208,200||PKR 2,350|
|Hyderabad||PKR 208,200||PKR 2,350|
|Nowshehra||PKR 208,200||PKR 2,350|
|Sargodha||PKR 208,200||PKR 2,350|
|Faisalabad||PKR 208,200||PKR 2,350|
|Mirpur||PKR 208,200||PKR 2,350|
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