KARACHI; Jan 13, 2023; US Dollar remained pegged at its last day value of Rs 228 In interbank today. In open market, US dollar rate increased to Rs 236.20 ,showing an increase of Rs 0.50 today .
Saudi Riyal’s rate today is Rs 66.30 (buying) and Rs 67.00 (selling). It shed 40 paisa in value today. UAE dirham rate today is Rs 67.90(buying) and Rs 68.60 (selling).
Euro’s rate today in Pakistan is Rs 268.30 (buying) and Rs 271 (selling). Pound Sterling rate today is Rs 302 (buying) and Rs 305 (selling). Euro lost two rupee in local currency market today.
AUD rate in Pakistan market today is Rs 172 (buying) and Rs 174 (selling). CAD rate in local currency market today is Rs 185 (buying) and Rs 187 (buying) AUD appreciated by one rupee today and CAD appreciated by one rupee in the local currency market.
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.