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PakistanPK-Economy

Rupee sheds 20 paisas against USD in open market

Zain Zubair
By Zain Zubair
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Zain Zubair
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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 20 paisas to close at Rs138.70 on Saturday compared with the last closing of Rs138.50 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 Rs138.20/Rs138.70 as against last closing of Rs138.00/Rs138.50 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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