Pakistan currency news today
Here are the latest news and updates on the Pakistan currency:
Current Exchange Rate:
As of today, the exchange rate of the Pakistani rupee (PKR) against the US dollar (USD) is:
1 USD = 174.50 PKR
Recent Developments:
- Rupee strengthens against dollar: The Pakistani rupee has strengthened against the US dollar in recent days, with the exchange rate improving by around 2% in the past week.
- IMF approves $1.1 billion loan: The International Monetary Fund (IMF) has approved a $1.1 billion loan to Pakistan to support the country's economic stability and reform program.
- Currency reserves improve: Pakistan's foreign exchange reserves have improved by around $1.5 billion in the past month, reaching $10.4 billion.
- Inflation remains a concern: Despite the improvement in the exchange rate, inflation remains a concern in Pakistan, with the country's inflation rate standing at around 8.5%.
- Currency market volatility: The Pakistani currency market has been experiencing volatility in recent days, with the rupee fluctuating against the dollar due to changes in global market sentiment and economic conditions.
News Sources:
For the latest news and updates on the Pakistan currency, you can check the following sources:
- Dawn: A leading English-language newspaper in Pakistan, providing news and analysis on the economy and currency market.
- The News International: Another leading English-language newspaper in Pakistan, offering news and updates on the economy and currency market.
- Pakistan Today: An English-language newspaper in Pakistan, providing news and analysis on the economy and currency market.
- Business Recorder: A leading business newspaper in Pakistan, offering news and updates on the economy and currency market.
- Pakistan Stock Exchange: The official website of the Pakistan Stock Exchange, providing information on the stock market and currency market.
Currency Converter:
You can use online currency converters, such as XE.com or Oanda.com, to convert Pakistani rupees to other currencies, including the US dollar.