ISLAMABAD: The ongoing financial crisis, overlapped by political unrest, occurred due to the arrest of the PTI Chairman Imran Khan Tuesday, followed by protests and riots that hit the Pakistani rupee further as the local currency suffered with a setback of Rs 5.38 against the US Dollar in the interbank trading on Wednesday and closed at Rs 290.22 against Rs284.84 on Tuesday.
Buying and selling rates of the American Dollar, as received from the Forex Association of Pakistan (FAP), in the open market were recorded at Rs 292 and Rs 296, respectively.
Pakistani Rupee against other currencies
Like the US dollar, other major currencies also witnessed a significant jump, where the price of the Euro was increased by Rs5.28 and closed at Rs317.96 against the last day’s closing of Rs 312.68.
The Japanese Yen witnessed an increase of 03 paisas to close at Rs 2.14, while the British Pound experienced an increased of Rs7.28 in the exchange rate and was available in the market at Rs 366.26 as compared to its last day’s closing of Rs 358.98.
The Price of Emirates Dirham and the Saudi Riyal went up by Rs1.47 and Rs1.43 to close at Rs79.03 and Rs77.38, respectively.
