Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Dollar stabilises at Rs102
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > Dollar stabilises at Rs102
Business

Dollar stabilises at Rs102

Web Desk
By Web Desk Published September 10, 2014 1 Min Read
Share
SHARE

The US dollar seems to have settled at Rs102 as neither the State Bank nor the Ministry of Finance is making any effort to bring it down through any sort of intervention.

For the last ten days, the dollar is pegged at the same level that suits to exporters’ interest. They stopped sending home export proceeds to get benefit of political turmoil which weakened the local currency.

Political uncertainty generated by the sit-ins of PAT and PTI in Islamabad demanding prime minister’s resignation wreaked havoc in the currency market, prompting the greenback to move from Rs98 to Rs103.30.

But things now seem to have settled. “Now there is no panic, no extra demand for dollars. The US currency has settled at Rs102 without intervention from the central bank,” said Atif Ahmed, a currency dealer in the inter-bank market.

Against the backdrop of dwindling foreign exchange reserves, it is difficult for the government to bring the dollar back at Rs98.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published.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

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

SBP IFC partnership 2025

State Bank of Pakistan and IFC Partner to Boost Local Currency Financing

AWS outage 2025

Major Internet Outage Hits Dozens of Services Worldwide

Pakistan South Africa 2nd Test 2025 Rawalpindi

Pakistan Ends Day 1 at 259/5 in Second Test Against South Africa

Post Archives

More Popular from Photonews

Canadian dollar trading 2025
BusinessTop News

Canadian Dollar Falls 0.1% Amid Oil Decline and US Trade Talks

3 Min Read
Unitree Robotics H2 humanoid
Tech

China’s Unitree Robotics Unveils the World’s Most Agile Humanoid Robot

2 Min Read
Alec Baldwin Hamptons Car Crash
Entertainment

Alec Baldwin Escapes Unhurt After Crashing His Car Into a Tree

3 Min Read
Khyber Pakhtunkhwa

KP CM Sohail Afridi Petitions SC for Meeting with Imran Khan

Khyber Pakhtunkhwa Chief Minister Sohail Afridi petitioned Supreme Court Chief Justice Yahya Afridi for permission to…

October 17, 2025
Entertainment

Kim Kardashian Breaks Silence on Tom Brady Dating Rumors

Los Angeles: After months of speculation, Kim Kardashian has finally responded—sort of—to the ongoing Tom Brady…

October 17, 2025
Sports

Angel Reese Makes History at 2025 Victoria’s Secret Fashion Show

New York: The 2025 Victoria’s Secret Fashion Show was not only a celebration of glamour but…

October 17, 2025
Pakistan

Govt Cuts Petrol Price by Rs5.66 per Litre; New Rates Effective October 16

Islamabad: The federal government has announced a reduction in petrol prices by Rs5.66 per litre for…

October 16, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?