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Rupee further rises against US dollar

ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 22 paisas against US dollar in the interbank trading on Tuesday and closed at Rs158.69 against the previous day’s closing of Rs158.91.
Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs158.4 and Rs159 respectively.
In interbank trading, the price of euro depreciated by 80 paisas and closed at Rs187.90 against the last day’s trading of Rs188.70, State Bank of Pakistan reported.
The Japanese Yen lost two paisas to close at Rs1.51, whereas an increase of 62 paisas was witnessed in the exchange rate of British Pound which was traded at Rs 209.65 as compared to its last closing of Rs 209.03.
The exchange rates of Emirates Dirham and Saudi Riyal declined by 06 paisas each to close at Rs 43.20 and Rs 42.31 respectively.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.