KARACHI: Rates of foreign currencies in Pakistan’s open market continue to fluctuate. According to the latest update, the purchase price of the US dollar has reached Rs 280.40, while the selling price has reached Rs 281.90. Due to the changing conditions in the global economy and the situation of domestic foreign exchange reserves, there is a slight change in the value of the dollar.
Other major currencies are as follows:
British Pound: Buy Rs 361.50, sell Rs 365
Euro: Buy Rs 301.50, sell Rs 304.25
Saudi Riyal: Buy Rs 74.35, sell Rs 74.90
Emirati Dirham: Buy Rs. 75.90, sell Rs. 76.55
Chinese Yuan: Buy Rs. 37.59, sell Rs. 37.99
Canadian Dollar: Buy Rs 195.85, sell Rs 198.25
Australian Dollar: Rs 176.50 on buying, Rs 178.75 on selling
Japanese Yen: Buy Rs 1.87, sell Rs 1.93
According to economists, in order to stabilize the value of the rupee, the government will have to focus on increasing foreign exchange reserves and promoting exports. Investors are focused on upcoming monetary policy and international market trends, which may impact currency rates in the future.
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