KARACHI: The United States (US) dollar continued its climb against the Pakistani rupee in the interbank currency market on Wednesday.
According to the data shared by the State Bank of Pakistan (SBP), the greenback closed at Rs176.98 against the domestic currency, showing appreciation of 26 paisas over the previous close of Rs176.72.
Interbank closing #ExchangeRate for today: https://t.co/q5t2g0vkTk pic.twitter.com/mUUM9wbbqJ
— SBP (@StateBank_Pak) January 26, 2022
The Pakistani Rupee declined by almost 12 per cent last year. The dollar flight continues despite multiple measures taken by the State Bank of Pakistan (SBP) to stabilise the exchange rate.
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Federal Investigation Agency (FIA) is also continuously clamping down on hoarders and smugglers to restrict the outflow of the dollar in a bid to ease its demand.