KARACHI: June 27, 2023: The rupee appreciated slightly against USD on Tuesday. It gained Rs 0.70 to a USD in interbank today.
According to All Pakistan Currency Dealers Association (APCDA), in interbank, with marginal loss US dollar is trading at Rs 286. 25 (buying) and Rs 286.50 (selling) against its last day’s rate of Rs 286.50 (buying) and Rs 287.20 (selling) respectively.
In open market, USD-PKR parity is stable today. The rupee was showing positive trend for the last a few session. However, its trading at the last day’s rate of Rs 287.00 (buying) and Rs 290.00 (selling) respectively.
Other major currencies are also showing downward trend today. Saudi Riyal is trading today at Rs 75.70 (buying) and Rs 76.50 (selling). UAE dirham rates are Rs 78.00 (buying) and Rs 78.80 (selling). Euro is trading at Rs 310.00 (buying) and Rs 313.00 (selling) respectively. UK pound is trading at Rs 362.00 (buying) and Rs 365.60 (selling) respectively. AUD is trading at Rs 189.00 (buying) and Rs 192.00 (selling) respectively. CAD is trading at Rs 217.00 (buying) and Rs 220.00 (selling) Chinese yen is trading at Rs 44.00 (buying) and Rs 46 (selling) respectively.
Afghan Afghani is performing better than Pakistani currency and it should be sign a worry for the policy makers and in particular to the economic team of prime minister, Shahbaz Sharif. Afghanistan is in the war for the last four decades and even if after such a long rather unending war Aghan currency is of three times more value then Pakistani economic wizard need to think of Pakistan’s real problems.
Afghan Afghani is trading at Rs 3.00 (buying) and Rs 3.50 (selling) respectively.
