Today, on 20 November, the exchange rate for 1 USD to PKR is Rs. 278.25 in the interbank market, according to the State Bank of Pakistan. The US Dollar to PKR exchange rate changed from Rs. 278.05 to Rs. 278.25 during the last trading session in the currency market. The US Dollar to Pakistani Rupee has risen by PKR 0.20, a change of 0.072%, in the trading session.
The US Dollar (USD) is the most widely used currency in global trade and finance. For Pakistan, the USD holds immense significance, as it is the primary currency for international transactions, imports, and remittances. The exchange rate directly impacts Pakistan’s economy, influencing inflation, import costs, and the purchasing power of consumers.
The relationship between Pakistan and the United States spans over seven decades, rooted in shared values, mutual respect, and strategic collaboration. Historically, this partnership has seen periods of both cooperation and tension. Recently, efforts have been directed at strengthening bilateral ties, focusing on areas like security, economic development, and climate resilience.
US President Joe Biden emphasized the importance of this relationship for regional stability and global challenges, particularly in countering terrorism, advancing economic growth, and addressing climate change. The US-Pakistan Green Alliance is one example of this partnership aimed at sustainable development. Pakistani diplomats have highlighted the significant contributions of the Pakistani diaspora in the US, calling them a bridge between the two nations. Mutual interests in technology, trade, and education also remain key aspects of ongoing dialogue.
Despite occasional political differences, both nations continue to collaborate on critical global issues, including health security and regional peace. There is a shared commitment to enhancing economic ties and people-to-people connections, aiming to overcome existing challenges and build a more robust partnership.
The Pakistani diaspora in the United States plays a vital role in bridging the cultural and economic ties between the two nations. According to recent estimates, approximately 500,000 Pakistani Americans reside in the US, with many actively contributing to fields like medicine, technology, academia, and business. They form a significant part of the professional workforce and are recognized for their entrepreneurial spirit and community engagement.
The presence of Pakistani professionals has not only enriched the cultural diversity of the United States but also bolstered economic cooperation between the two countries. Their contributions to the US economy are widely acknowledged, particularly in areas of innovation and public service.
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