• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

Pakistani Rupee Maintains Downward Trend Against US Dollar

by Ali Gulrez
Sep 16, 2022
in Business
0

The Pakistani Rupee (PKR) maintained its downward trend against the US Dollar (USD) for the sixteenth consecutive session as pressure on the local currency continues to mount with increasing import bill and economic loss caused by the devastating floods across the country.

Pakistani Rupee, US Dollar, USD, PKR
Pakistani Rupee Maintains Downward Trend Against US Dollar

Furthermore, the delay in receiving funds from friendly countries has not helped the situation and the local currency continues to depreciate against the greenback.

According to the State Bank of Pakistan (SBP), the Pakistan Rupee (PKR) closed at Rs. 236.84 at the interbank market on 16 September 2022 (Friday), which was a depreciation of Rs. 0.96 (0.41%) compared to Thursday (15 September 2022), when the local currency closed at Rs. 235.88 against the US Dollar (USD).

Read more: USD to PKR – Dollar Rate in Pakistan – 16 September 2022.

In total, the Pakistani Rupee has depreciated by Rs. 18.24 from Rs. 218.60 on 1 September 2022 to Rs. 236.84 on 16 September 2022 due to the higher demand for the foreign currency in the market as the import bill continues to rise and the continuous political instability that continues to put pressure on the local currency.

According to currency experts, the Pakistani Rupee is expected to continue its depreciation against the US Dollar during this week as there is no clear strategy in place to turn around the economy and attract investors, which are being driven away as there are several doubts about the policies put in place by the coalition government.

Follow INCPAK on Facebook / Twitter / Instagram for updates.

Tags: Pakistani rupeePKRUS dollarUSD
ShareTweetSend

Related Posts

Closing Currency Exchange Rate in Pakistan, Currency Exchange Rate in Pakistan, Exchange Rate in Pakistan, Currency Rate, Closing Exchange Rate, Closing Currency Rate
Business

SBP Interbank Closing Currency Exchange Rates in Pakistan – 27 September 2023

Sep 27, 2023
GBP to PKR, British Pound to PKR, British Pound Rate in Pakistan, Pound to PKR, Pound to Pakistani Rupee, Pound Rate in Pakistan
Business

GBP to PKR – British Pound Rate in Pakistan Today – 27 September 2023

Sep 27, 2023
EUR to PKR, Euro Rate in Pakistan, Euro to Pakistani Rupee, Euro to PKR
Business

EUR to PKR – Euro Rate in Pakistan Today – 27 September 2023

Sep 27, 2023
OMR to PKR, OMR, Omani Rial, Omani Rial to PKR, Omani Rial to Pakistani Rupee, Omani Rial Rate in Pakistan
Business

OMR to PKR – Omani Rial Rate in Pakistan Today – 27 September 2023

Sep 27, 2023
Kuwaiti Dinar to PKR, KWD to PKR, Kuwaiti Dinar to Pakistani Rupee, Kuwaiti Dinar Rate in Pakistan, Kuwaiti Dinar
Business

KWD to PKR – Kuwaiti Dinar Rate in Pakistan Today – 27 September 2023

Sep 27, 2023
SAR to PKR, Saudi Riyal to Pakistani Rupee, Saudi Riyal Rate in Pakistan, Saudi Riyal to PKR
Business

SAR to PKR – Saudi Riyal to Pakistani Rupee – 27 September 2023

Sep 27, 2023
USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan Today – 27 September 2023

Sep 27, 2023
AED to PKR, Dirham to PKR, Dirham Rate in Pakistan, Dirham to Pakistani Rupee, Dirham, AED
Business

AED to PKR – Dirham Rate in Pakistan Today – 27 September 2023

Sep 27, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • Weather Update – PMD Predicts Another Rain Spell From September 28
  • PTCL Group Collaborates With ConnectHear to Conduct Sign Language Training
  • Govt Starts Crackdown on Urea Hoarders and Smuggling to Provide Farmers Relief
  • PayPal and Stripe to Hold Talks With Pakistan Govt Next Week
  • Punjab Announces School Holiday Due to Pink Eye Infection
  • SBP Interbank Closing Currency Exchange Rates in Pakistan – 27 September 2023
  • Islamabad Traffic Fines Get Massive Hike
  • GBP to PKR – British Pound Rate in Pakistan Today – 27 September 2023
  • EUR to PKR – Euro Rate in Pakistan Today – 27 September 2023
  • OMR to PKR – Omani Rial Rate in Pakistan Today – 27 September 2023

INCPak Official logo

INCPak Official Logo
Independent News Coverage Pakistan (INCPAK) delivers the latest updated news on Current Affairs, Business, Sports, Entertainment, and Technology in Pakistan

Download apps

For daily gold rate updates, you can download our apps for Pakistan, United Arab Emirates, and Saudi Arabia (KSA) from the Google Play Store. We provide daily gold rate updates with historical data and a Gold Rate Calculator.

Gold Rate in Pakistan

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

© 2023 Independent News Coverage Pakistan

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

© 2023 Independent News Coverage Pakistan