Rupee remains on record-breaking spree

 



Rupee remains on record-breaking spree



KARACHI:



Pakistani money stayed on a record-breaking binge for the fourth back to back working day on Friday,


 hitting another memorable low at Rs301 against the US dollar, which came regardless of the public authority's choice to make a severe move against unfamiliar cash dealers.


As per the State Bank of Pakistan's (SBP) information, 


the money dropped by a new 0.26%, or Rs0.78, to Rs301/ enlarging the combined misfortune in the worth of the cash to more than 4%, or Rs12.51, in the initial 12 days of the overseer government.


In the open market, notwithstanding, 


the money shut level at Thursday's record low of Rs314 against the greenback.


The contrast between cash trade rates in the two business sectors stayed high at around 4.5%, or Rs13, which was altogether higher than the roof of 1.25% for any of the five sequential meetings suggested by the Global Financial Asset (IMF).


Specialists guessed that the money ought to balance out around Rs300/$ in front of the normal appearance of multilateral funding soon.


They, in any case, said that it appeared to be troublesome the money would make any critical recuperation in the midst of popularity for US dollars in the economy.


They brought up that individuals were taking part in alarm purchasing of the US dollar to stay away from the effect of rupee depreciation, fuelling dollarisation of the economy.

Comments

Post a Comment

Popular posts from this blog

Pakistan parliament dissolved to hold national election

Image
  Title: Pakistan's Parliament Dissolved in Preparation for National Elections In a significant political development,  Pakistan's parliament has been dissolved in anticipation of upcoming national elections. The dissolution marks a crucial step towards the democratic process, as the country prepares to elect its next government. The decision to dissolve the parliament was announced by [Current Prime Minister/President's Name] on [Date], following the completion of their term. This move adheres to the constitutional requirements and paves the way for a fresh mandate from the citizens of Pakistan. As the parliament dissolves,  the country enters a period of heightened political activity.  Political parties are expected to gear up for campaigning and strategizing to secure a majority in the upcoming elections. Citizens will have the opportunity to choose their representatives at both the national and local levels, shaping the future direction of the nation. Election dates are
Read more

Brave Saudi woman loses her life in a bid to rescue siblings during a car accident

Image
Brave Saudi woman loses her life in a bid to rescue siblings during a car accident Title: Courageous Saudi Woman Sacrifices Her Life to Save Siblings in Tragic Car Accident In a heart-wrenching and heroic act,  a brave Saudi woman selflessly gave her life while attempting to rescue her siblings during a devastating car accident. The incident, which occurred on [Date] in [Location], serves as a poignant reminder of the unwavering love and sacrifice that family can inspire. The accident unfolded when the family's vehicle veered off the road and collided with a barrier, resulting in a catastrophic impact. Despite the chaos and danger, the young woman, identified as [Name], immediately sprang into action, demonstrating unparalleled courage as she rushed to aid her trapped siblings. Eyewitnesses at the scene recounted the harrowing moments as [Name] fearlessly battled against the wreckage, attempting to free her siblings from the mangled car. Her determination and bravery were evident t
Read more

Na Khawandgi - Article No. 2658

Image
  Home Mazah Articles Famous Funny Columns Jokes Husband & Wife Peer Murshid Technology Funny Poetry Funny Adab Writers Home Mazah Articles Adab Na Khawandgi Na Khawandgi - Article No. 2658 ناخاوندگی - تحریر نمبر 2658 پاکستان میں اَن پڑھ افراد کی تعداد پانچ کروڑ ستر لاکھ ہو گئی ہے اور ہر سال آبادی میں 20 لاکھ ناخواندہ افراد کا اضافہ ہو رہا ہے  بدھ  1  فروری  2023 ڈاکٹر محمد یونس بٹ پاکستان میں اَن پڑھ افراد کی تعداد پانچ کروڑ ستر لاکھ ہو گئی ہے اور ہر سال آبادی میں 20 لاکھ ناخواندہ افراد کا اضافہ ہو رہا ہے۔یہ تو خوشی کی بات ہے کہ ہر سال 20 لاکھ افراد بے روزگار ہونے سے بچ رہے ہیں کیونکہ ہمارے ہاں اَن پڑھ سب کچھ کر سکتا ہے‘یہاں تک کہ وزیر بھی بن سکتا ہے‘مگر بے روزگار کے لئے پڑھا لکھا ہونا ضروری ہے۔ ممکن ہے کچھ لوگوں کو اس سے اختلاف ہو۔یوں بھی ہمارے ہاں اختلاف رائے اس قدر ہے کہ میں کل سارا دن مختلف لوگوں سے ایک ہی سوال پوچھتا رہا مگر ہر کسی کا جواب دوسرے سے نہیں ملتا تھا۔شاید آپ حیران ہوں کہ میں کیا پوچھ رہا تھا؟میں نے سب سے یہی سوال کیا تھا کہ کیا وقت ہوا ہے؟ بے روزگار اور بے کار میں
Read more