Dirham To Pkr
The Saudi riyal fell by Rs 3.70 to Rs 71.70. The UAE dirham also fell by Rs 6.30 to PKR 72.70.
Apart from the dollar, the value of Euro, Pound, UAE Dirham and Saudi Riyal also decreased on Tuesday. The Saudi riyal fell by Rs 3.70 to Rs 71.70. While the price of UAE dirham also decreased by 6.30 rupees to 72.70 rupees.
Similarly, the value of the pound fell by Rs. 13 to Rs.355 and the Euro fell by Rs. 8 to Rs.305. It should be noted that after the staff level agreement between the IMF and Pakistan, the value of the dollar in the inter-bank and open market has fallen drastically for 2 days.
On Tuesday, on the first business day after Eid, the interbank rate of the dollar fell by another 10 rupees 55 paise. The interbank dollar fell to 275.44 at the end of the trading day. While the value of the dollar continues to decline in the open market.
In two days, the price of the US currency fell by a total of 11 rupees, after which the price of the dollar reached 279 rupees in the open market at the end of the market on Tuesday.
In this regard, Chairman Exchange Association of Pakistan Malik Bustan says that after the IMF agreement, the trend of selling dollars is increasing due to the stabilization of the value of the rupee.
As soon as Pakistan signed an agreement with the IMF, the value of the dollar has come down. Those who had held the dollar in the hope that the dollar would reach Rs 500, lost their hopes. He has claimed that the value of the dollar may reach 250 rupees. Bloomberg is also saying that the Pakistani rupee could fall to 240.