Karachi: In today’s open market, the buying rate for the US Dollar (USD) stands at Rs. 286.5, while the selling rate is Rs. 287.55. The dollar continues to play a pivotal role in Pakistan’s trade and foreign exchange dealings. With rising import bills and external debt payments, any fluctuation in the USD affects Pakistan’s inflation and fuel pricing directly.
The greenback’s influence on remittance inflows, import invoices, and the international oil market makes it the most watched foreign currency in Pakistan.
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