ISLAMABAD: The Pakistani rupee appreciated against the US Dollar, closing at Rs161.73/US$.
The price of the dollar is likely to depreciate more, as a result of an increase in remittances and a drop in imports.
For the first time in almost five months, the dollar dropped to a value Rs161.37/US$.
The appreciation of the rupee comes a day after the SBP announced a record surplus worth Rs79 792 million, in the current account in the first quarter of the fiscal year (July-Sep FY21).
Currently, the foreign exchange reserves held by the central bank have surged to $12.066 billion, whereas the foreign exchange held by the commercial banks’ amounts to $7.235 billion, reported the State Bank of Pakistan (SBP).
For news and blogs, visit Graana.com.
Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…
Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…
Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…
If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…
The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…
December 19, 2024— In a significant move, the federal government has announced an increase in…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
