US Dollar Rises Against PAK Rupees

Karachi – The Pakistani rupee posted misfortunes against the Joined together States (US) dollar within the interbred advertise on Friday.

According to the State Bank of Pakistan (SBP), the household unit finished weaker by 47 at Rs175.86 against the greenback.

The rupee had closed at Rs175.39 against the dollar within the interbred advertise the other day. In the open showcase, be that as it may, the greenback exchanged at Rs176.50 against the nearby unit. Forex merchants say rising request for the US money from merchants is behind the deterioration of the rupee.

The Pakistani rupee declined by nearly 12 per cent final year. The dollar flight proceeds in spite of numerous measures taken by the State Bank of Pakistan (SBP) to settle the trade rate.