The buying and selling rates of the US Dollar against the Pakistan Rupee are Rs. 279.6 and Rs. 281.1, respectively, by the end of Friday. It is in line with the currency depreciation, which is a consistent phenomenon, and adds on to the already existing concerns over Pakistan’s economy. The growth rate has been attributed to additional global economic factors and internal factors influencing the exchange rate. The situation with the further growth of the dollar’s value can influence the import price and inflation rates within the country.
We welcome your contributions to The Pakistan Observer, Submit your blogs, articles, press releases, news story pitches and news features.
Please send your submissions to our News Room or Editorial team.
