US dollar hits 190 thresholds | OyeYeah News
US dollar hits the 190 thresholds, a new record against the Pakistan rupee on Wednesday.
The US dollar is being traded at Rs190 for the first time in history in the interbank trading of Pakistan.
On Wednesday the US dollar rose by Rs 1.34 during the business in the interbank, surpassing Tuesday’s record low of Rs188.66.
Finance experts regard this downfall of local currency due to two main reasons.
First, due to uncertainty regarding the revival of the IMF loan programme.
And secondly, due to the depleting foreign exchange reserves.
Furthermore, an absence of direction from the government on significant economic policies and a roadmap as well as an unstable political situation in the country, has led to an upward trend in the US dollar rate.
TECNO, Pakistan’s No 1 selling smartphone brand, just launched its much-awaited series of the year…
Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari has opposed the privatisation of loss-making national carrier…
Netflix's much-anticipated series Heeramandi has finally arrived on the OTT platform. The series is Sanjay…
The government has ordered to blocking of mobile phone SIMs of over 500000 non-filers of…
The International Cricket Council (ICC) on Wednesday released the latest T20 rankings. The rankings reveal…
Ryan Reynolds penned a touching tribute to friend Michael J Fox who was named as…
OyeYeah is an entertainment project powered by Alliancez Inc. We’re motivated to digging up fresh, authentic news. Oye Yeah does not work on rumors! We have all sourced news because we believe in bringing our readers the best. We have a vision and we’re striving hard to achieve it day in, day out!
Read More
