FLASHNEWS:

Stability Observed in Pakistan’s Foreign Exchange Rates Over Two Days

Karachi, The Exchange Companies Association of Pakistan has reported relatively stable foreign exchange rates for major currencies over the past two days, indicating a steady economic environment in the local market.

According to Exchange Companies Association of Pakistan, the buying and selling rates for major currencies like the USD, EURO, and GBP showed slight fluctuations between April 24 and April 25, 2024. On April 24, the US Dollar was bought at 277.19 and sold at 279.82, while on April 25, it was slightly adjusted to 277.01 for buying and 279.69 for selling. Similar minor adjustments were observed in the rates for the Euro and British Pound.

The rates for other currencies such as the Japanese Yen, UAE Dirham, and Saudi Riyal also displayed minor changes. The interbank rates for the US Dollar were recorded at 278.38 buying and 278.58 selling on April 24, and saw a small increase to 278.48 buying and 278.68 selling on April 25.

These consistent exchange rates over the two-day period suggest a stable foreign exchange market in Pakistan, with no significant fluctuations that might indicate economic distress or volatility.