Khalid Umar Malik
17 May 2022, 04:47 GMT+10
KARACHI, Pakistan - The U.S. dollar climbed past Rs194 in the interbank market in Pakistan on Monday as analysts expressed concern about the country's rising import bill.
According to the Forex Association of Pakistan (FAP), the greenback gained Rs1.30 from Friday's close to Rs194.30 in interbank trade around 11:30 am.
The dollar closed at Rs194.60, up Rs1.60 from the previous close.
This comes after the rupee fell to new lows last week, owing primarily to the country's rising import bill.
The dollar was worth Rs182.3 when the PML-N-led coalition government took power on April 11. The rupee has lost Rs11.4 or 6.2 percent of its value since then.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationHONG KONG: An engineering vessel with 30 people on board went missing 200 miles off Hong Kong after it snapped ...
NICE, France -As some 1,000 Frenchmen are being hospitalized daily with Covid infections, French officials have "invited" or "recommended" the ...
BRUSSELS, Belgium: Negotiations on a free trade agreement between the European Union and New Zealand ended successfully this week, paving ...
CAIRO, Egypt: Egyptian authorities have prohibited swimming in a stretch of the Red Sea after an Australian woman was killed ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
LONDON, England: A UK parliamentary committee has told lawmakers that they may not bring babies to parliamentary proceedings and debates.The ...
WASHINGTON D.C.: Due to surging food prices, summer cookouts for the U.S. Independence Day holiday are more expensive, forcing Americans ...
Victor Caratini lined a three-run home run with two outs in the 10th inning to give the Milwaukee Brewers a ...
The Milwaukee Bucks are bringing back veteran center Serge Ibaka on a one-year contract, The Athletic reported Monday. The 32-year-old ...
Roseau [Dominica], July 4 (ANI): All-rounder Rovman Powell, who helped West Indies clinch victory against Bangladesh in the second T20I, ...
The Milwaukee Brewers reside atop the National League Central due in large part to their strong play against the rest ...
Jeremy Pena clubbed a walk-off home run with two outs in the ninth inning, his second homer of the game, ...