made yesterday, with the government confirming that it would approach the IMF for balance-of-payments support and enter into a stabilisation programme. DawnNewsTV said that once Pakistan would receive funds from the IMF, the economy would stabilise. Dollar (USD) to Pakistani Rupee (PKR) Chart Here is the.S. The value of the dollar shot up by as much as Rs11.70 in the interbank market during trading on Tuesday before closing at Rs133.64. Month2, month3, month4, month5, month6, year1, source: State Bank of Pakistan, top. I think the government has shot itself in the foot.". Month3, month4, month5, month6, year1, source: State Bank of Pakistan, copyright 2018, Business Recorder Ltd. Also, you can convert in the reverse direction (from. Date, code, currency, ready, week1, month1, month2.
Dollar to Pakistani Rupee are automatically updated evrey few minutes. "I don't think it will go up to Rs150, the government won't allow the economy to spin out of control he added. The dollar rate had been on a rising trend in the week, when on Tuesday it rose to Rs115 in the interbank foreign exchange market at the close of business. "The SBP is of the view that this adjustment in the exchange rate along with lagged impact of recent hikes in the policy rate and other policy measures to contain imports will correct the imbalances in the external account it continued.
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Though the Finance Ministry has not clarified how much money the country needs in foreign reserves, Finance Minister Asad Umar has said that Pakistan has to make external debt payments amounting to 8bn by December this year. Wednesday, 21 November 2018, market Status: Close, last Updated: Loading, sBP Mark-to Market Revaluation Exchange Rates. According to Forex Association President Malik Bosan, the US dollar rate was rising due to higher demand. However, with the pressure that the currency is facing, observers had predicted further devaluation as they said it would be hard for the SBP to defend it for much longer. Photo: File, karachi: Officials of State Bank of Pakistan on Monday expressed concern over the rising value of dollar in the open market but ruled out the possibility of a fall in the rupee's value, said sources. Reuters that it was a "positive rather than a negative thing" as it would assure stakeholders that the government would meet the targets that it sets for itself.