KARACHI: Jan 12, 2023: There is no fluctuation in US dollar rates in Pakistan today. The rates of all major currencies remained unchanged today. In Interbank, US dollar remained at last day’s level of Rs 228. In open market, US dollar rate today is Rs 235.70 today. It also witnessed no change today.
Saudi Riyal’s rate today is Rs 66.30 (buying) and Rs 67.00 (selling). It also showed no change in its value today. UAE dirham rate today is Rs 68.30 (buying) and Rs 69.00 (selling).
Euro’s rate today in Pakistan is Rs 268.30 (buying) and Rs 271 (selling). Pound Sterling rate today is Rs 304 (buying) and Rs 307 (selling). No change in rates of Euro, Pound sterling, Saudi Riyal and UAE dirham today.
AUD rate in Pakistan market today is Rs 171 (buying) and Rs 173 (selling). CAD rate in local currency market today is Rs 185 (buying) and Rs 187 (buying). AUD rate in local market remained unchanged. CAD rates changed today. It lost one rupee today unlike other major currencies.
This is a major question to the Shahbaz government in the given economic scenario. Pakistan is in severe economic crisis and its feeling hard to fulfill its foreign obligations , The government is controlling US dollar rate by introducing restriction on letter of credits (LCs) and also barring the forex exchange companies not to let the rupee down freely . Pakistan’s artificial control of US dollar has damage Pakistan by many ways. LCs restrictions had devastated businesses and industries as they are not getting raw materials for the industries and businesses do not have saleable stuffs to cater to the market.
