web analytics
29.5 C
Karachi
Saturday, August 9, 2025
- Advertisement -

Pakistani rupee ends year with sharp recovery against US dollar

TOP NEWS

Web Desk
Web Desk
News Stories Posted by ARY News Digital Team

KARACHI: The Pakistani rupee ended the year 2021 with a sharp recovery against the United States (US) dollar in the interbank currency market.

The domestic unit today finished at Rs176.51 against the American currency, according to the data shared by the State Bank of Pakistan (SBP).

Also Read: Foreign exchange: SBP reserves down by $298m to $17.86b

The rupee recorded appreciation of Rs1 compared to the previous close of Rs177.51. The Pakistani currency had ended higher by Rs0.73 at Rs177.51 against the dollar the other day.

The local unit declined by almost 12 per cent in the outgoing year.

On Thursday, Finance Minister Shaukat Tarin said the US dollar was overvalued due to the prevailing situation in Afghanistan and its exchange rate should be between Rs165 and Rs170.

Also Read: What will get costlier after mini-budget?

He hoped that the artificial rise in the American currency’s value would be controlled.

- Advertisement -
- Advertisement -
 

Trending

POLL

After Pakistan's crushing response. Will India ever resort to cowardly attacks like Operation Sindoor again?

- Advertisement -
 

MORE STORIES