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Pakistan Rupee Gains Against Dollar After IMF $1.0 Billion Tranche

admin-augaf by admin-augaf
May 15, 2025
in Business, Finance, International, National, News
Reading Time: 1 min read
0
Exchange Companies Decided to End the Cap on Dollar Rate
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Karachi May 15 2025: The Rupee on Thursday appreciated by 10 paisa against the US Dollar in the interbank trading and closed at PKR 281.61 against the previous day’s closing of PKR 281.71.

SBP has received SDR 760 million (US$ 1,023 million) in value 13 May 2025 from the IMF. The amount will be reflected in SBP’s foreign exchange reserves for the week ending on 16 May 2025.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at PKR 282.20 and PKR 283.70, respectively.

The price of the Euro decreased by PKR 0.58 to close at PKR 315.35 against the last day’s closing of PKR 315.93, according to the State Bank of Pakistan (SBP).

The Japanese yen went up by 02 paisa and closed at PKR 1.93, whereas a decrease of PKR 1.75 was witnessed in the exchange rate of the British Pound, which was traded at PKR 373.66 as compared to the last day’s closing of PKR 375.41.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 02 and 03 paisa to close at PKR 76.67 and PKR 75.08, respectively.

Tags: FX marketRupee vs Dollar
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