Dollar gains Re1 to reach Rs153 in open market

E-Paper | July 30, 2026

Dollar gains Re1 to reach Rs153 in open market

Talqeen Zubairi Published June 13, 2019

A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on November 30, 2018. — AFP/File

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The value of the US dollar against the rupee continued to strengthen, with the greenback reaching Rs153 in the open market on Thursday afternoon.

The US dollar climbed Re1 each in the interbank and the open market. Its value strengthened to Rs152.95 in the interbank market.

Currency dealers held the financial year end responsible for the situation.

According to dealers, dollar flight has increased because multinational companies are taking profits out of the country as the book closing date — June 30 — is approaching.

As a result, they said, demand for the greenback has increased, putting the interbank market under pressure, whereas the open market is just following suit.

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Dollar gains Rs1.70 in open market

Dollar climbs to Rs153.50 in open market

Dollar gains Rs1.70 in open market

Osman

Jun 13, 2019 01:20pm

Welcome to Naya Pakistan.

Recommend 0

RAJA CHILL

Jun 13, 2019 01:22pm

No stopping of GOOD news even after budget!

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Arshad

Jun 13, 2019 01:27pm

Congrats

Recommend 0

Jun 13, 2019 01:28pm

Is there any competent functional govt in Pakistan?

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Ali Hussain

Jun 13, 2019 01:35pm

Rs now reflects true value.

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Sweets

Jun 13, 2019 01:38pm

Seems bad news all day..first budget, next pak team loses match, next modi's snub now this news of dollar strengthening.

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k k tiwari

Jun 13, 2019 01:41pm

Dollar can be 100 PKR in a week if I k wills .Ask people to exchange all foreign currencies in rupees in 3 days otherwise will be prosecuted and jailed for 1 year minimum.I bet

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Bilal

Jun 13, 2019 01:46pm

Let's get Ishaq Dar / Miftah Ismail back, please!!! Whatever they were doing, was working.

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Daskalos

Jun 13, 2019 01:53pm

Once again the foreign currency rollercoaster is in action. This incompetent and failed government has no way of checking this. So much for IMF choice Reza Baqar.

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Asifnaqvi

Jun 13, 2019 02:04pm

All IMF conditions have been met successfully. $ is now more free than the democracy in Pakistan.

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Lilly

Jun 13, 2019 02:10pm

Now India Rupee is more than twice as strong as Pakistani Rupee.

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M. Emad

Jun 13, 2019 02:12pm

1 US$ = 84 Bangladesh Taka.

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Dr. Ali Canada

Jun 13, 2019 02:23pm

People should stand-up against this fake regime and save this country from further deterioration.

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Awalmir

Jun 13, 2019 02:26pm

The sooner you bring back "purana" Pakistan the better. Imran Khan should be the head of PCB - not the nation !!

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Soul Spoken

Jun 13, 2019 02:31pm

IK will make double ton soon after the World Cup final to show the Pak Cricket Team how to showcase the skill in world.

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Kunal

Jun 13, 2019 02:35pm

By September 2019 --- It will Cross 175

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Islamabad Morning

Jun 13, 2019 02:39pm

This happens when PM of country is appointed from national liesure games like cricket whose captains provide entertainment to masses. However, its astonishing that only in Pakistan the cricket which is only knows in 6 or 7 countries is so powerful that the captain from its team is appointed to Pakistan and what was the criteria? He won 1992 worldcup. May I say that hockey team also won worldcups, snooker team, jahangir khan was 10 times the world champion why they are ignored. Do give them chance as well to let Pakistan pass through more misery

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Syv

Jun 13, 2019 02:43pm

Bet nawaz sharif sounds like a delight now !!

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Umar

Jun 13, 2019 02:43pm

Market adjustment... the Rupee was artificially low and this is what happens when corruption is actually realized now. The true value of Rupee may even slip further as more things are uncovered. Multinational corporations do this all over the world so it’s nothing new.

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Dr. Salaria, Aamir Ahmad

Jun 13, 2019 02:44pm

The appreciation of the value of U.S. dollar against Pak Ruppee is primarily due to two non-quantitative reasons; speculation and sheep walk.

Recommend 0

Jun 13, 2019 02:51pm

@Lilly, Yes Indian Rupee is getting stronger and we NRIs have are losing the money while remitting. Atleast situation is good for Overseas pakistanis.

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facts matter

Jun 13, 2019 02:51pm

Economists estimate that Pakistan was part of the wealthiest region of the world throughout the first millennium CE, with the largest economy by GDP. Then the cultural change took its toll. Time to reverse that. Pakistan can become a successful economy in 10 years if the focus is changed from religious-nationalism to economic progress

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Ali Hussain

Jun 13, 2019 03:05pm

Exchange rate is not an indication of economic strength. You can have strong economy with a very high exchange rate and vice versa.

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Farooq

Jun 13, 2019 03:10pm

This is the beginning. Everyone is going to move his savings and assets out of Pakistan. Why pay without any social welfare benefits.

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MirzaCanada

Jun 13, 2019 03:36pm

Everything will be fixed in 100 days!

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Ash Man

Jun 13, 2019 03:51pm

There are u turns everywhere except the economy and currency values

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Sandeep

Jun 13, 2019 03:53pm

Allow Indian Professionals to handle economic policies and Investment !!! Otherwise face uptill Rs.200 till year end!!!

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RAJA CHILL

Jun 13, 2019 04:13pm

@Ali Hussain , "Exchange rate is not an indication of economic strength." Correct it is not the only indicator but other indicators like GDP growth rate, unemployment,,per capita GDP,exports, fiscal deficit,tax to GDP ratio etc also sliding down. So better not to hide behind one liners and accept the situation is not good.

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Mumbai_Man

Jun 13, 2019 04:13pm

@Awalmir, The sooner you bring back "purana" Pakistan the better. Imran Khan should be the head of PCB - not the nation !! You are totally right!

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Ahmad Saeed

Jun 13, 2019 04:14pm

Happens with wrong priorities

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Asif

Jun 13, 2019 04:22pm

Devaluation only can save economy and self respect of nation.

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dipak

Jun 13, 2019 04:34pm

soon 1 dollar is equal to more then 300 rupees.

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Nicholas

Jun 13, 2019 04:39pm

Don't worry. Once CPEC is completed, Pakistan Rupee will be equal to 1000s of USD. Pakistan will just buy USA.

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UncleFunky

Jun 13, 2019 04:55pm

Imran Khan zindabad, Naya Pakistan zindabad.

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mushtaq ahmed

Jun 13, 2019 05:33pm

Everything going as per script

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John

Jun 13, 2019 06:54pm

Modi has completed many good projects, taken many bold decisions that are showing dividends now. The numbers speak for themselves. Hence we can boast of Modi. Tell me Pakistanis, what has Imran Khan brought for Pakistan, apart from disaster and a looming Economic collapse followed probably by civil war - for you to consider him as a statesman? This is height of ignorance.

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Rana

Jun 13, 2019 07:19pm

MNCs are taking out their profits outside mean they don’t have trust in IK government policies to reinvest that money in Pakistan.

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Alla Bux

Jun 13, 2019 08:05pm

Way to go! 200 is not that far. Have to aim high. Once we hit 200 our exports will zoom to new high and imports will crash. Billions of dollars of trade surplus.

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Alla Bux

Jun 13, 2019 08:07pm

How about having a Naya Rupee in Naya Pakistan? One Naya Rupee = Ten Old Rupees. $1 = 15 Naya Rupees!

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NACParis

Jun 13, 2019 08:35pm

Opposition parties with loads of looted wealth should stop playing politic with dollar. As it is they have done enough damage to the economy in order to protect their corruption.

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Ramesh R

Jun 13, 2019 08:38pm

@Ali Hussain , "Exchange rate is not an indication of economic strength. You can have strong economy with a very high exchange rate and vice versa." Now tell us the story about your current economy strength.

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rama

Jun 13, 2019 08:53pm

with 3.2% growth rate in PKR term and 15% devaluation of PKR, your economy is actually shrinking...

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Manas Gupta

Jun 14, 2019 08:38am

@Kunal, no it will be settle down to 155 to 160 IK is not telling but Pakistan has devalued its currency by 7% your inflation for this year will be 15.5%approx and growth will be 1.8 to 2% there will be alot of suffering if Iran and India did not helped, china and your leader from past to current government is responsible for this, biggest role your media played they got lot of amount from china have you seen any of your media houses ever questioned interest rate of investment though we have example of sri Lanka's port !!

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Pakistani

Jun 14, 2019 09:08am

5 rupees drop and then 1 rupees gain until it hit 200 rupees a dollar. IMF order must carried out. Keep buying foreign made and give local Contracts to foreign companies in dollars. People and government both are in it to blame. Foreignity ka keera

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