Dollar Rate Increases to 278.25 PKR on November 20 in Pakistan’s Interbank Market

Karachi: On November 20, the exchange rate of the US dollar against the Pakistani rupee in the interbank market stood at 278.25 PKR, according to the State Bank of Pakistan. This marks a slight increase from the previous trading session, where the dollar was valued at 278.05 PKR, reflecting a rise of 0.20 PKR (0.072%).
The US dollar continues to play a vital role in global trade and financial transactions. For Pakistan, the dollar holds significant importance due to its use in international trade, imports, and remittances. Fluctuations in the dollar’s exchange rate directly impact Pakistan’s economy, influencing inflation, import costs, and the purchasing power of consumers.