Dollar Price In Pakistan fell further to a 4-week low

Dollar Price In Pakistan fell further

Dollar Price In Pakistan: In the interbank market, the dollar reached the level of Rs 284, while in the open market, the dollar reached the level of Rs 285.

The dollar fell to a four-week low of Rs 284 in the interbank market and Rs 285 in the open market. According to details, the Pakistani rupee is strengthening every day due to the prospect of early receipt of an IMF loan and the hope of a large inflow of foreign investments. According to media reports, the value of the dollar in the interbank market has fallen to its lowest level in four weeks due to the continued improvement of the Pakistani rupee.

On Wednesday, the dollar fell by 23 paise to Rs 284 14 paise in the interbank market. In the open forex market, the dollar closed at Rs 285 down by 25 paise. On the other hand, due to the fall in gold prices in the world market, the prices have also decreased significantly in Pakistan.

In two days, the price of gold per tola in the country recorded a huge drop of Rs 5,500. The Sarafa Association says that after the reduction in the price of gold per tola in the country by Rs 1,300, the new price rose to Rs 2 lakh 18,100.

Similarly, the price of 10 grams of gold decreased by Rs 1,114. After which, the new price became one lakh, 86 thousand, 986 rupees. It should be remembered that the price of gold per ounce reached the level of 2,928 dollars due to the decrease of 9 dollars in the price of gold in the world market. Although positive news is received from the country’s foreign exchange and currency markets, good news is also coming from the stock market. For the first time in the country’s history, the index also surpassed the new highest level of 63,500 points. Due to the boom, share prices increased by 67%, while the value of shares increased by 1 trillion, 13 billion, 85 million rupees, 17 lakh, 81 thousand, and 959 rupees.