Sunday, January 19, 2020

Pakistani Rupee loses weight against USD

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Pak rupee lost 41 paisas to close at Rs138.75 on Friday compared with the last closing of Rs138.34.

 

However, the rupee lost 20 paisa against greenback in the open market. The rupee remained under pressure owing to higher demand from importers and corporate sector.

 

The flow of remittances and export receipts continued as per normal trend.

 

Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs138.00/Rs138.50 as against Rs137.80/Rs138.30 in cash free market.

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

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