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    Israel launches deadly strike on Gaza’s Indonesian Hospital as death toll crosses 13,000

    Israel launches ground assault on Gaza City

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    Calls grow to shift UNGA session to Geneva after Trump administration refused visas to Palestinian President

    Nepal Prime Minister quits as anti-corruption protests spiral

    Nepal Prime Minister quits as anti-corruption protests spiral

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    Israeli civilian shot dead Palestinian man in West Bank

    Israel claims 40% control of Gaza

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    Afghanistan earthquake kills 622 with more than 1,500 injured

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    Two Israeli soldiers killed, 13 injured, four missing

    Trump-Zelensky clash in Oval Office shouting match

    US approves $825 mn missile sale to Ukraine

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    FBR introduces new law mandating NOC for property transactions

    FBR chief dismisses reports of Rs100bn loss in faceless customs system

    Pakistan imports 450000 metric tons wheat from Russia

    Wheat price slashed in Karachi

    FBR introduces new law mandating NOC for property transactions

    FBR reports 16pc rise in monthly tax collection for August

    Relief Activities would continue for two years, Ahsan Iqbal

    Severe flooding in Punjab poses threat to Pakistan’s economy

    Govt notifies major amendments in pension rules

    EOBI pensioners to receive 15pc increase

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    Govt likely to drop petrol prices

    Utility stores passes subsidy removal burden to poor

    ECC okays Rs30.2bn grant for Utility Stores Corporation closure

    Nepra uncovers serious irregularities in billing, meter readings

    ECC approves major relief for power consumers

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    IMF suggests insurance cover for losses in natural calamities

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    Shahid Kapoor reveals why he chose to take ‘outside route’ to Bollywood

    Shahid Kapoor reveals his Sunday rituals

    Here’s truth behind viral photo of Sidharth Malhotra & Kiara Advani’s daughter

    Here’s truth behind viral photo of Sidharth Malhotra & Kiara Advani’s daughter

    Indian actor-singer Anjali Raghav quits industry after accusing co-star of inappropriate touch

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Rupee records lowest value against dollar with Rs239.65

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The Pakistani rupee continued to lose ground against the US dollar on Wednesday as the latter rose to Rs239.65 during intraday trading in the interbank market.

According to data released by the State Bank of Pakistan (SBP) on Wednesday afternoon, the rupee depreciated by 0.31%.

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During intraday trading in the interbank on Wednesday, the rupee started the day at Rs238.91 but fell to a record low of Rs240 against the US dollar.

But the rupee strengthened in value prior to the close of the market and rose to Rs239.65, losing a cumulative value of Rs0.74.

The last time the rupee was this low was at the end of July when it had fallen to a value of Rs239.37. The rupee’s lowest-ever value in the interbank is Rs239.94 which it attained on July 28 this year.

However, political uncertainty and devastation from the floods – which culminated in a slower growth projection by the ADB on Wednesday morning, meant that there was additional pressure on the rupee.

The rupee’s value has fallen over Rs21.05 since the beginning of September, soon after receiving a $1.1 billion cash injection from the International Monetary Fund (IMF).

Even Saudi Arabia rolling over a $3 billion loan earlier this week has done little to alleviate the pressure on the rupee.

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Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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