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Pakistan Based Fintech ABHI Is Helping To Make Donations To Residents Impacted By Floods

Pakistan Based Fintech ABHI Is Helping To Make Donations To Residents Impacted By Floods
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Rupee Starts Falling Against the US Dollar Again


Rupee Starts Falling Against the US Dollar Again
The Pakistani Rupee (PKR) resumed its deterioration trend against the US Dollar (USD) today (Thursday, 10 June), and almost pierced the Rs. 156 exchange rate boundary.
It closed at Rs. 155.91 against the USD at the end of the trading day today, down by 22 paisas as compared to Rs. 155.69 to the USD yesterday (Wednesday, 9 June).
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On the first two days of the current week, the PKR had posted significant losses of 70 paisas and 47 paisas, respectively. Yesterday it had posted an improvement of nine paisas.
Regarding the recent downfall of the PKR, the Managing Director of Khadim Ali Shah Bukhari Securities, A. A. H. Soomro, told ProPakistani that the “pressure on the currency is stemming as the economy opens up, imports grow faster than the exports & REER at 103”. ....

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