KARACHI: The Pakistani rupee on Thursday witnessed further losses against the US dollar, depreciating 0.05% in the interbank market.
At close, the currency settled at 287.60, a decrease of Rs0.14, as per the State Bank of Pakistan (SBP).
Interbank closing #ExchangeRate for todayhttps://t.co/7FKJDynY14#SBPExchangeRate pic.twitter.com/Eg7ggPeZMR
— SBP (@StateBank_Pak) August 10, 2023
On Wednesday, the Pakistani rupee saw slight improvement against the US dollar and appreciated 0.16% to settle at 287.46.
Moreover, the Senate Standing Committee on Finance has held that targeted Letters of Credit (LCs) issuance is discriminating against the manufacturers and directed the State Bank of Pakistan (SBP) to provide a level playing field to all the stakeholders.
The committee has shown displeasure over delay and interference in the opening of LCs.
