News

Pakistani rupee sheds more paisas against US dollar

January 5, 2023 12:02 PM


Twitter Share Facebook Share WhatsApp Share

Pakistani rupee has registered another loss against the US dollar in the interbank trading on Thursday, reported 24NewsHD TV channel.

It was the 12th straight loss by the Pakistani currency against the American dollar.

According to the data provided by the forex dealers, the rupee was down by 17 paisas and ended the day at Rs227.12.

https://twitter.com/StateBank_Pak/status/1610949232953024512

As per the State Bank of Pakistan (SBP), the rupee was down by one paisa to close at 226.95 on Wednesday.

In a related development, the country’s trade deficit shrank by 32.65% to $17.133 billion during the first half (July-December) of the current fiscal year as compared to $25.438 billion during the same period of last year, said the latest data released by the Pakistan Bureau of Statistics (PBS).

The decline in trade deficit is positive for the cash-strapped economy, which has witnessed a significant drop in its foreign exchange reserves, while the country struggles to obtain funding from international and multilateral lenders.

In addition, the government of Pakistan on Tuesday announced a host of energy-saving measures that were aimed at reducing the energy import bill of the country.
 

Reporter Ashraf Khan



24 HD English WhatsApp Channel QR Code Click or Scan to Subscribe
our WhatsApp Channel

Most Read

  1. Several PIA flights cancelled, delayed at Karachi Airport Several PIA flights cancelled, delayed at Karachi Airport
  2. Female salon owner injured in ‘targeted attack’ in Lahore Female salon owner injured in ‘targeted attack’ in Lahore
  3. Iqrar ul Hassan issues video statement after attacked by Peer Haq Khateeb's followers in Gujranwala Iqrar ul Hassan issues video statement after attacked by Peer Haq Khateeb's followers in Gujranwala
  4. PTI Spokesman Rauf Hassan attacked by transgender people in Islamabad PTI Spokesman Rauf Hassan attacked by transgender people in Islamabad
  5. Rakul Preet and Jackky Bhagnani celebrate 3 months of marital bliss Rakul Preet and Jackky Bhagnani celebrate 3 months of marital bliss
  6. 'Don’t send paragraphs to man after break up': Ushna Shah offers a girly advice 'Don’t send paragraphs to man after break up': Ushna Shah offers a girly advice

Opinion

  1. Hats off to Fatah-II
    Hats off to Fatah-II

    By Naveed Aman Khan

  2. New twist in PTI founder’s strategy towards Military Establishment
    New twist in PTI founder’s strategy towards Military Establishment

    By Salim Bokhari

  3. Revoke the heat stroke
    Revoke the heat stroke

    By Dr Asif Channer

  4. Defiance, sacrifice & national resilience
    Defiance, sacrifice & national resilience

    By Naveed Aman Khan

  5. Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds
    Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds

    By Alysha Khan

  6. Pak-Saudi-Iran economic proximity
    Pak-Saudi-Iran economic proximity

    By News Desk