Page 2 - Sami Sheikh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pakistan rupee slumps further against USD

The value of the US dollar, once again, is on the verge of hitting an all-time high against Pakistani rupee. It rose Friday by 94 paisas in the interbank market. According to the data shared by the State Bank of Pakistan, the local currency depreciated by 0.27% and the trading session closed at Rs175.46. A day earlier, the central bank reported that the foreign exchange reserves fell 4.1% to their lowest level since June 25, 2021. On the other hand, in the open market, the dollar was traded at an all-time high of Rs178.30. On November 19, the SBP reserves fell by $16.3 billion, putting up imme...