• About Us
  • Our Contributors
  • Privacy Policy
  • Contact
Tuesday, July 1, 2025
  • Login
No Result
View All Result
FactFile
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    Muharram 2025: Mobile & Internet Services to Remain Suspended in THESE Areas!

    Muharram 2025: Mobile & Internet Services to Remain Suspended in THESE Areas!

    BingX AI Matures into a Full-Service Crypto Trading Assistant

    BingX AI Matures into a Full-Service Crypto Trading Assistant

    PTA Celebrates Landmark Achievement: Pakistan Surpasses 200 Million Telecom Subscribers

    How to Make Money Using WhatsApp: Details Inside

    How to Make Money Using WhatsApp: Details Inside

    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    How to Make Money Using WhatsApp: Details Inside

    WhatsApp to Stop Supporting THESE iPhones: Check List Inside

  • Entertainment
    What happened to Shefali Jariwala?

    What happened to Shefali Jariwala?

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Faisalabad: TikToker Sana Yousaf's Alleged Killer Arrested

    Faisalabad: TikToker Sana Yousaf’s Alleged Killer Arrested

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

  • Opinion
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    Muharram 2025: Mobile & Internet Services to Remain Suspended in THESE Areas!

    Muharram 2025: Mobile & Internet Services to Remain Suspended in THESE Areas!

    BingX AI Matures into a Full-Service Crypto Trading Assistant

    BingX AI Matures into a Full-Service Crypto Trading Assistant

    PTA Celebrates Landmark Achievement: Pakistan Surpasses 200 Million Telecom Subscribers

    How to Make Money Using WhatsApp: Details Inside

    How to Make Money Using WhatsApp: Details Inside

    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    How to Make Money Using WhatsApp: Details Inside

    WhatsApp to Stop Supporting THESE iPhones: Check List Inside

  • Entertainment
    What happened to Shefali Jariwala?

    What happened to Shefali Jariwala?

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Diljit Dosanjh Unveils Trailer for ‘Sardaar Ji 3’ Featuring Hania Aamir

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Are Ayeza Khan & Danish Taimoor Leaving Entertainment Industry?

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Faisalabad: TikToker Sana Yousaf's Alleged Killer Arrested

    Faisalabad: TikToker Sana Yousaf’s Alleged Killer Arrested

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

  • Opinion
No Result
View All Result
FactFile
No Result
View All Result

Rupee breaches 211-a-dollar barrier on delay in revival of IMF programme

by Arshad Khan
June 21, 2022
in Economy
3
Share on FacebookShare on TwitterLinkedIn Whatsapp

“Currency will continue to fall until Pakistan manages to strike a deal IMF,” analyst says.

KARACHI: The Pakistani rupee remained highly volatile and continued its losing streak against the US dollar on Tuesday, losing Rs2 in the interbank market despite Finance Minister Miftah Ismail claiming that the International Monetary Fund (IMF) programme will be revived within the next two days.

According to the State Bank of Pakistan (SBP), the US dollar closed at Rs211.48, after appreciating Rs2, or 0.72%, against Monday’s record high of Rs209.96.

The rupee continued its downtrend, which has also been attributed to the quarter-end payments due to the country’s rising import bill, widening current account deficit and depleting foreign exchange reserves other than the delay in the revival of the IMF programme.

The latest fall since the start of the week in the rupee’s value against the greenback came after traders resorted to panic buying on reports that some commercial banks had run out of foreign currency.

Businessmen have urged the State Bank of Pakistan (SBP) to play its due role in controlling the free-fall of the rupee. However, the central bank seems helpless to control the situation as it cannot supply dollars in the market to support the rupee since its own stock of dollars also stands at a depleted level.

Pakistan’s foreign exchange reserves (held by the SBP) have depleted to a critical level and the country has less than six weeks of import cover remaining. The reserves are currently below $9 billion.

The country is fulfilling the prerequisite conditions to revive the IMF loan programme to avoid default on international payments.

More From FactFile: Dollar ascends to Rs208 in interbank trade

Since the beginning of this fiscal year (July 1, 2021) to date, the rupee has collectively dropped by a massive 34.23% (or Rs53.94) compared to the previous fiscal year’s close at Rs157.54.

The rupee has maintained a downward trend for the last 13 months. It has lost 38.88% (or Rs59.21) to date, compared to the record high of Rs152.27 recorded in May 2021.

“The currency will continue to fall until Pakistan manages to strike a staff-level agreement with the International Monetary Fund (IMF),” AA Commodities Director Adnan Agar said earlier while speaking to a private news channel.

The analyst was of the view that the investors’ confidence is completely shattered which can only be strengthened by positive development on the IMF front.

Agar also mentioned that depleting foreign exchange reserves have triggered panic buying, giving speculators a chance to play with the demand and supply of the greenback.

Tags: DollarInternational Monetary FundMiftah IsmailPakistan EconomySBPState Bank of Pakistan
ShareTweetShareSend
Previous Post

Pre-monsoon rains turn weather pleasant across Pakistan

Next Post

Govt ready to make more ‘difficult’ decisions if needed: PM Shehbaz

Arshad Khan

Arshad Khan

Related Posts

Petrol& Diesel Prices Increased by Rs10.39 Per Litre for Next 15 Days

Petrol & Diesel Prices Increased by Rs10.39 Per Litre for Next 15 Days

by Arshad Khan
July 1, 2025
0

Increase in petrol price is double whammy as domestic gas tariffs have been moved up in certain categories. Petrol &...

Currency Rates in Pakistan Open Market Dollar Rate of Dollar, Pound, Riyal – 1 July 2025

Currency Rates in Pakistan Open Market Dollar Rate of Dollar, Pound, Riyal – 1 July 2025

by Arshad Khan
July 1, 2025
0

Saudi Riyal (SAR) and UAE Dirham (AED) remain stable at Rs76.05–76.4 and Rs77.65–78.1, respectively. Currency Rates in Pakistan Open Market...

Today Gold Rates in Pakistan 1 July 2025 – Check 18, 22, 24 Carat Gold Price

Today Gold Rates in Pakistan 1 July 2025 – Check 18, 22, 24 Carat Gold Price

by Arshad Khan
July 1, 2025
0

International market trends are also contributing to the local price movement. Today Gold Rates in Pakistan 1 July 2025 –...

Petrol Prices May Increase By Rs11 Per Litre for July 2025 in Pakistan

Petrol Prices May Increase By Rs11 Per Litre for July 2025 in Pakistan

by Arshad Khan
June 30, 2025
0

If the reported hike in petroleum prices is approved, the new rate for petrol would be Rs269.43 per litre and...

Currency Rates in Pakistan Today – US Dollar, Euro, Pound, Riyal to PKR – 30 June

Currency Rates in Pakistan Today – US Dollar, Euro, Pound, Riyal to PKR – 30 June

by Arshad Khan
June 30, 2025
0

Saudi Riyal remain steady, being bought at Rs. 76.25 and sold at Rs. 76.45 Currency Rates in Pakistan Today –...

Latest Gold Price in Pakistan Today 22K and 24K per tola – 30 June

Latest Gold Price in Pakistan Today 22K and 24K per tola – 30 June

by Arshad Khan
June 30, 2025
0

On the global front, gold prices declined by $16 to reach $3,274 per ounce. Latest Gold Price in Pakistan Today...

How ‘Apna Meter, Apni Reading’ App Can Protect You from Being Overcharged?

How ‘Apna Meter, Apni Reading’ App Can Protect You from Being Overcharged?

by Arshad Khan
June 29, 2025
0

One of the key benefits of the app is to preserve electricity subsidy for low-consumption households. How ‘Apna Meter, Apni...

Load More
Next Post
PM announces financial relief package for rain-affected families

Govt ready to make more 'difficult' decisions if needed: PM Shehbaz

Imran calls for throwing rulers in jail for ‘shamelessly’ passing NAB law

Imran calls for throwing rulers in jail for ‘shamelessly’ passing NAB law

Comments 3

  1. Pingback: Govt ready to make more 'difficult' decisions if needed: PM Shehbaz - FactFile
  2. Pingback: Pakistan & IMF to strike deal after budget approval - FactFile
  3. Pingback: OGRA jacks up LPG price by Rs4.89 per kg - FactFile

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Youtube Instagram LinkedIn
FactFile

Newsletter

Subscribe to receive regular updates from FactFile.
SUBSCRIBE

Categories

  • Business
  • Economy
  • Education
  • Entertainment
  • FactFile
  • Fashion
  • Health
  • International
  • Interview
  • Lifestyle
  • National
  • Opinion
  • People
  • Science
  • Sports
  • Tech

Site Links

  • About Us
  • Our Contributors
  • Privacy Policy
  • Contact

© 2020-25 Daily FactFile

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health

© 2020-25 Daily FactFile