Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    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
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: US Dollar Dips Against Pakistani Rupee Amidst Crackdown
PhotoNews Pakistan PhotoNews 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.
US Dollar vs Pakistani Rupee
PhotoNews Pakistan > Business > US Dollar Dips Against Pakistani Rupee Amidst Crackdown
Business

US Dollar Dips Against Pakistani Rupee Amidst Crackdown

Web Desk
By Web Desk Published September 25, 2023 1 Min Read
Share
SHARE

The US dollar (USD) experienced a notable dip today, decreasing by 0.96 Pakistani rupees (PKR) in the interbank market, with its current rate sitting at 290.80 rupees.

According to foreign exchange experts, the USD kicked off the day on a descending note, recording a price of Rs290.80 in interbank transactions. Simultaneously, banks offered the US dollar to importers at Rs290.20.
Contrarily, in the open market, the greenback was traded at a slightly elevated rate of 293.50 Pakistani rupees, as highlighted by foreign exchange professionals.

A few months ago, in August, the Pakistani rupee saw a period of consistent devaluation. Open market rates for the dollar had soared, reaching Rs322 and Rs325 for buying and selling, respectively.

Crackdown on Dollar Manipulation

In response to these escalating rates, authorities initiated a nationwide operation targeting illegal hoarding and smuggling of US dollars. Rumours were rife: the FIA and other covert agencies planned raids to target and recover hoarded US currency.

The concentrated efforts against these illicit currency activities have borne fruit. After this stringent crackdown, the dollar fell against the Pakistani rupee, depreciating by over 34 rupees in the open market.

TAGGED:Featured
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

Wall Street Tesla

Wall Street Dips as Tesla Falls Amid Trump-Musk Feud Over Tax Bill

Pakistan's Inflation June 2025

Pakistan’s Inflation Rises to 3.2% in June 2025, Aligns with Forecast

International Driving Permit at Lahore airpot

Punjab Launches Pakistan’s First International Driving Permit Kiosk at Lahore Airport

Post Archives

More Popular from Photonews

Pakistan Earthquake 2025
Pakistan

Pakistan Hit by Third Earthquake in 24 Hours: Magnitude 3.8 Reported

2 Min Read
Trump Iran uranium airstrikes
Top NewsWorld

Trump Denies Iran Moved Enriched Uranium Before U.S. Strikes, Claims Success

3 Min Read
American Woman Marries Pakistani
Khyber Pakhtunkhwa

American Woman Arrives in Pakistan to Marry Upper Dir Man She Met Online

2 Min Read
Top NewsWorld

Elon Musk Threatens Lawmakers Supporting Trump’s Big Beautiful Bill

On June 30, 2025, Elon Musk intensified his opposition to President Donald Trump’s “One Big Beautiful…

July 1, 2025
Tech

Humanoid Robots Play Football in Beijing: A Glimpse into AI Innovation

In a quirky yet groundbreaking display, humanoid robots took to a football pitch in Beijing on…

June 29, 2025
Entertainment

Marvel’s The Fantastic Four: First Steps Trailer Reveals Galactus, Sparks Doom Rumors

Marvel Studios unveiled the final trailer for The Fantastic Four: First Steps on June 26, 2025,…

June 26, 2025
Top NewsWorld

Trump Hints at Deporting Elon Musk Amid Feud Over Tax Bill

On July 1, 2025, President Donald Trump suggested he might consider deporting Elon Musk, a naturalised…

July 1, 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?