News

Pakistani rupee registers marginal decline against US dollar in interbank

By News Desk

November 8, 2023 11:22 AM


Pakistani rupee registers marginal decline against US dollar in interbank

Representational image

The Pakistani rupee registered a marginal decline against the US dollar in the interbank market on Wednesday as the talks with the IMF team continued, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the local currency shed 51 paisas against the greenback and ended the day at at Rs286.90.

https://twitter.com/StateBank_Pak/status/1722213975650419068

On Tuesday, the Pakistani rupee had depreciated 0.38% to settle for the day at Rs286.39 against the US dollar.

https://twitter.com/StateBank_Pak/status/1721852241651593430

In a related development, Pakistan and the International Monetary Fund (IMF) are likely to initiate policy-level talks from 13th November (Monday) onwards.

Caretaker Finance Minister Dr Shamshad Akhtar told the media that she is optimistic about the success of talks with the IMF on the first review while responding to questions outside the Finance Ministry. She added that talks are progressing positively as all the ministries and divisions have implemented the agreed targets and their performance is satisfactory.

 

Reporter Ashraf Khan



Most Read

  1. It’s Asif Zardari versus Mahmood Achakzai for presidency It’s Asif Zardari versus Mahmood Achakzai for presidency
  2. Suzuki races up car prices by up to Rs180,000 Suzuki races up car prices by up to Rs180,000
  3. Asad Qaiser condemns YouTubers malicious campaign against Sher Afzal Marwat Asad Qaiser condemns YouTubers malicious campaign against Sher Afzal Marwat
  4. Second-time PM Shehbaz declares: Pakistan will rise again Second-time PM Shehbaz declares: Pakistan will rise again
  5. Closure of social media platform 'X'  challenged Closure of social media platform 'X' challenged
  6. PTI leader Alia Shahzad arrested on arrival at Lahore Airport PTI leader Alia Shahzad arrested on arrival at Lahore Airport

Opinion

  1. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer

  2. THE SECRET WAR: Public Interest Vs Official Secrets Act 1923
    THE SECRET WAR: Public Interest Vs Official Secrets Act 1923

    By Syed Aun Mohammed Bokhari

  3. Political Opportunism and the 18th Constitutional Amendment
    Political Opportunism and the 18th Constitutional Amendment

    By Muhammad Asad Ayaz

  4. To Know and Not to Know
    To Know and Not to Know

    By Abdullah Bin Tahir

  5. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir