![]() Ms Luiz categorically denied these speculations, stating that there was “absolutely no truth” to any such insinuations. Ms Esther Perez Luiz, the IMF resident representative, clarified that discussions with the Pakistani authorities have exclusively focused on economic policies to address the country’s economic and balance of payments issues. The IMF also trashed speculations that the global lender had attached any conditions to Pakistan’s missile or nuclear programme as part of the ninth review of the IMF-supported $7 billion loan programme. Canadian Dollar to Pakistani Rupee has decreased PKR 0.92 or 0.445 on trading in Interbank rate. Canadian Dollar to PKR buying and selling rates are different in inter bank and currency exchange or open market rates. However, Finance Minister Ishaq Dar dismissed these “speculations” and assured the international community that it would not bow down to any external pressure. Today 1 CAD to PKR conversion rate is PKR 205.73 in Interbank exchange rate as an official rate by State Bank of Pakistan. Speculation had been rife that Pakistan may be forced to compromise on its nuclear programme in exchange for financial assistance from the US, Europe, and international lending agencies to shore up its tottering economy. The IMF has been pushing Pakistan to implement economic reforms and tighten its fiscal policies in exchange for the loan, but this has proved to be a difficult task for the government. Though the cash-starved country has completed all prior actions demanded by the global lender for reaching the staff-level agreement, but still it is not releasing the $1.2 billion disbursement that will also unlock the assistance from friendly countries. Interbank closing #ExchangeRate for today /eGV9akHv8K- SBP March 17, 2023Īccording to economic experts, the market shows little confidence in the stability of rupee owing to political instability in the country, depleting forex reserves and delayed disbursement of IMF tranche. On Friday, the last trading day of the previous week, Pakistani rupee saw some respite against the US dollar as it went up by 71 paisas in the interbank trading. Interbank closing #ExchangeRate for today /vkRNTYC1jC- SBP March 20, 2023 ![]() All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.The Pakistani rupee lost its steam against the US dollar and slumped heavily during the interbank trading on Monday, reported 24NewsHD TV channel.Īccording to the State Bank of Pakistan, the market saw a wilting of Pakistani rupee as the US dollar stormed ahead appreciating by Rs2.32 in the interbank trading and ended the day at Rs284.71. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. ![]() ![]() Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. The State Bank of Pakistan is responsible for issuing the Pakistani. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. The Pakistani rupee is the currency of Pakistan. Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.įusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. In its Pakistani rupee forecast for 2023 (as of 9 December),Trading Economics expected the USD/PKR exchange rate to move back towards the 240 low, trading at 239.149 in 12 months’ time from 227.43 at the end of 2022, based on global macro models and analysts’ expectations. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. ![]()
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