No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Rupee loses 0.75pc in value, trading at Rs229.9 against dollar

News Desk by News Desk
September 12, 2022
in Business, Featured, Latest News, National, News, Top News
Reading Time: 1 min read
Rupee continues to gain value against dollar, trades at Rs212 in interbank market

KARACHI: Pakistani rupee’s losing streak against the US dollar did not stop and has pushed the latter to Rs229.9 in interbank market. According to the Forex Association of Pakistan, dollar gained Rs1.72 during the early trade hours.

Experts are attributing many reasons at play to the rupee’s poor performance. Some are linking it to the anticipated increased import bill following the devastating floods in the country. Some are claiming that dollar is making gains in the international market and Pakistan also happens to be at the receiving end.

Dollar is trading at around Rs234 in the open market. It is pertinent to mention here that some experts had predicted the dollar to come down to Rs200 following the release of the loan tranche by IMF and loans by friendly-countries.

News Desk

News Desk

Related Posts

Karandaaz and Vizpro Partner to Digitize Retail Payments and Expand Financing Access for Small Merchants
Business

Karandaaz and Vizpro Partner to Digitize Retail Payments and Expand Financing Access for Small Merchants

May 2, 2025
Transforming small business finance for inclusive growth
Business

Transforming small business finance for inclusive growth

April 25, 2025
EBM-Peek Freans Young Pipers’ Club Launched Pakistan’s First AI Curated Content For The Youth
Business

EBM-Peek Freans Young Pipers’ Club Launched Pakistan’s First AI Curated Content For The Youth

April 9, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Killed

Young trader killed during robbery bid in Karachi

by News Desk
December 2, 2024

A 22-year-old trader was tragically shot dead during a robbery attempt on New M.A. Jinnah Road on Sunday evening, according...

KSE-100 index lose over 500 points as PSX experiences negative trend

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

by News Desk
December 2, 2024

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Monday as the benchmark KSE-100 index surged 1,248.84 points, or...

PTI suspends Islamabad protest following deadly clashes, appeals for justice

PTI suspends Islamabad protest following deadly clashes, appeals for justice

by News Desk
November 27, 2024

The Pakistan Tehreek-e-Insaf (PTI) announced the suspension of its Islamabad sit-in early Wednesday after a day of intense clashes in...

PSX in boorish trend for second consecutive day; benchmark KSE-100 index lost over 700 points

KSE-100 Index surges over 600 points amid banking sector rally

by News Desk
November 25, 2024

Bullish sentiment dominated the Pakistan Stock Exchange (PSX) on Monday as the KSE-100 index climbed 621.85 points, or 0.64 per...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version