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On Wednesday, the rupee was trading at Rs225 per US dollar, having ended on Tuesday at Rs221.99 after Fitch ratings agency revised its outlook for Pakistan sovereign debt from stable to negative.
In the UAE, the Pakistani currency was being exchanged at Rs78.89 against the Dirham for remittances. In the open market in Pakistan, the US dollar has surpassed the psychological barrier of Rs300 as the greenback was being traded at Rs301.
Pakistanis living abroad have sent $2.5 billion home in March, responding to the cash-strapped government’s appeal for more hard currency remittances,
The Pakistani rupee got the much-awaited support and hit a one-week high beyond Rs285 to a dollar on Thursday after confirmation from the IMF that Saudi Arabia had given a financial commitment of $2 billion to Islamabad.
Professor Aslam requested the Punjab health secretary to rationalise his salary package in the better interest of Pakistan as the remuneration was part of tax money. "I propose that my salary package as the director general of the P-HOTA may be reduced from Rs1m to Rs0.5m.."
"I am shocked to receive complaints from overseas Pakistanis that our embassies are doing nothing to resolve their problems. Therefore this time I want to monitor and evaluate the performance of our embassies abroad,” Imran said while addressing envoys via video link.
The Pakistani rupee continued its downward slide for the sixth straight session, falling 0.68% against the dollar on Friday, taking its decline this week to nearly 8%
Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will dissipate in weeks.
The Pakistani rupee on Monday plunged to an all-time low of 215 against the US dollar in the interbank trade, according to the Exchange Companies Association of Pakistan (ECAP)
Pakistan’s rupee on Friday rose by 0.24%, or 57 paisa, to close at 239.37 after a two-week losing streak against the US dollar, central bank data showed on Friday.