KARACHI: Dec 16, 2022: As financial crisis prolongs in the country due to fast receding forex reserves, major currencies like Euro and US dollar either appreciates or remain stable in the domestic currency market.
According to Forex Association of Pakistan (FAP), US dollar remained stable in interbank at the end of mid-day session on Friday. US dollar opened at Rs 224.75 in interbank and closed at the same with no change in its value at the closing of mid-day session.
In open market, US dollar also remained pegged to its last day value of Rs 231.70. There is no change in US dollar value in open market for the last couple of days.
Saudi Riyal rate also remained stable at its last day value of Rs 64 and likewise United Arab Emirate (UAE) dirham also showed no change in its value and its value closed at Rs 66.
Euro lost Rs 1 in its value and closed at Rs 253.40 . Euro had closed at Rs 254.40 on Thursday.
Pound sterling which was showed upward trend in value also lost value by Rs 2 and it closed at Rs 293. Its last day value was Rs 295 .
