According to the Forex Association of Pakistan (FAP), the US dollar’s buying and selling rates in the open market stood at Rs 277.40 and Rs 278.90, respectively.
The Euro’s value rose by 42 paisa, closing at Rs 293.49, up from the previous day’s rate of Rs 293.07, as reported by the State Bank of Pakistan (SBP).
Meanwhile, the Japanese yen remained stable, closing at Rs 1.78. The British Pound saw a decline of 89 paisa, trading at Rs 351.54 compared to the previous closing rate of Rs 352.43.
The exchange rate of the Emirates Dirham decreased by 2 paisa, settling at Rs 75.59, while the Saudi Riyal saw a slight increase of 1 paisa, closing at Rs 73.93.
Related: Pakistan’s Foreign Exchange Reserves Reach US$ 15.96 Billion
Pakistan’s total foreign exchange reserves were recorded at US$ 15.96 billion for the week ending November 8. The reserves held by the SBP increased by US$ 84 million, reaching US$ 11.25 billion, according to the central bank’s statement. During the same period, commercial banks held US$ 4.7 billion in net foreign reserves.
The SBP also noted that its reserves grew by US$ 84 million, reaching US$ 11,258.6 million as of November 8, 2024.
