Thursday, February 27, 2020
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PakistanPK-Economy

Rupee stable against USD on sufficient supply

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 remained stable at Rs138.93 to the dollar on Wednesday compared with previous day’s closing of Rs138.93 in interbank foreign exchange market.

 

Although the demand for import payments and contract payments from corporate sector was high, however sufficient export receipts and remittances kept the greenback remained pressure free.

 

Malik Bostan Khan, President, Forex Association of Pakistan (FAP) said buying and selling of dollar recorded at Rs139/Rs139.50 as against last closing of Rs138.86/Rs138.96 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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