Intraday Report: PKR loses 95 paisa against USD

MG News | April 18, 2022 at 12:21 PM GMT+05:00

0:00

April 18, 2022 (MLN): While losing its gaining momentum, the Pakistani rupee (PKR) has depreciated by 95 pasia against the US dollar in the intraday trade on Monday on the back of widening fiscal and trade deficit amid rising oil prices.

The dollar was being quoted at 182.5/ 182.6 (12: 20 PST) when compared to the previous day’s close of 181.55.

The real test for the new managers is the economy. The deterioration in the Exchequer balance is primarily driven by sharp increases in imports, Asad Rizvi, the former Treasury Head at Chase Manhattan Bank said.

Rising oil prices and skyrocketing commodities prices are further adding to the woes that need to be checked immediately, he added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,112.70 115.09M	0.64% 1015.93
ALLSHR	97,381.21 432.88M	0.73% 709.91
KSE30	48,397.55 59.71M	0.52% 248.81
KMI30	229,070.02 35.21M	0.79% 1792.75
KMIALLSHR	63,462.78 132.20M	0.96% 602.88
BKTi	44,663.32 25.69M	0.76% 336.21
OGTi	30,736.69 3.25M	0.66% 200.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	102,055.00	102,825.00 101,015.00	845.00 0.83%
BRENT CRUDE	64.04	64.14 63.53	0.66 1.04%
RICHARDS BAY COAL MONTHLY	87.25	87.25 87.25	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.10	97.10 96.50	-0.10 -0.10%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.09	60.19 59.60	0.66 1.11%
SUGAR #11 WORLD	14.22	14.44 14.04	0.11 0.78%