ISLAMABAD: Pakistani rupee (PKR) lost its twelve percent value against United States dollar (USD) and 5.5 percent against Bangladeshi Taka in 2019.
According to details this year proved to be a roller costar for PKR with USD reaching Rs. 155 compared to Rs139 in early 2019. June 26 was the worst day of the year with USD soaring to Rs164.25.
However the rupee witnessed stability and started gaining ground after increase in foreign exchange reserves and paying loan installments.
In 2019, euro reached Rs172.20 from Rs159.80, pound Rs201.90 from Rs177.30, Saudi Riyal Rs41.3 from Rs31.1 and UAE dirham Rs42.25 from Rs38.1.
Australian dollar reached Rs107 from Rs98.5, Canadian dollar Rs118.3 from Rs102.5, Chinese Yuan Rs22.9 from Rs20.8, Indian rupee Rs2.1 from Rs2 and Bangladeshi taka Rs1.85 from Rs1.75.
Pakistan, Iran agree to keep border crossings open round the clock to boost trade
ISLAMABBAD: Pakistan and Iran on Wednesday agreed to further expand trade ties by keeping border crossings open round the clock,...
