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      Danish parliament approves landmark bill to ban desecration of Quran

      Danish parliament approves landmark bill to ban desecration of Quran

      22 Palestinians killed over two days in Isreal’s air strike

      Two more IDF soldiers killed as Israel-Gaza War enters 61st day

      Nigerian Army drone strike accidentally kills 85 civilians

      Nigerian Army drone strike accidentally kills 85 civilians

      Manipur: Thousands flee after death toll reaches 54 in ethnic violence

      At least 13 killed in armed fighting in India’s ethnic riots-hit Manipur

      Gaza officials say more than 700 killed in overnight Israeli attacks

      Gaza fighting stretches into second day after Israel-Hamas truce collapses

      15 people killed in Israeli attack on Al-Shifa hospital in Gaza

      Isreal resumes attack soon after truce expires, dozens killed in Khan Younis

      US charges Indian national Nikhil Gupta with conspiracy to kill Sikh leader

      US charges Indian national Nikhil Gupta with conspiracy to kill Sikh leader

      American supermodel Gigi Hadid offers apology after sharing her views on Gaza situation

      American supermodel Gigi Hadid offers apology after sharing her views on Gaza situation

      US Osprey military aircraft with 8 crew crashes off Japan

      US Osprey military aircraft with 8 crew crashes off Japan

    • BUSINESS
      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      Pakistani authorities ‘delivering’ economic front, says IMF official

      SECP registers 2414 companies in last month

      SECP registers over 27,000 new companies in FY2023

      PAC asks Prime Minister to scrap gas meter rent from consumers

      SNGPL seeks another tariff hike by 137%

      PM Kakar calls emergency meeting tomorrow over electricity inflated bills

      NEPRA declares K-Electric, power companies responsible for overbilling

      Gold price decreases Rs1,800 per tola

      Gold price soars Rs3100 per tola

      Pakistan’s trade deficit shrinks by 33.59pc in five months

      Pakistan’s trade deficit shrinks by 33.59pc in five months

      OGRA reduces prices of LPG for June 2023

      Saudi Arabia to provide $1 billion support to Pakistan in oil sector

      Saudi Arabia extends term for $3bn deposit to Pakistan

      World Bank urges consensus on reforms to revive Pakistan’s ailing economy

      World Bank raises policy shifts for ‘sustainable, productive’ Pakistan

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      Hania Aamir sparks dating rumours with Bollywood’s Badshah

      Hania Aamir sparks dating rumours with Bollywood’s Badshah

      Actor, host Nausheen Masud passes away

      Actor, host Nausheen Masud passes away

      Bobby Deol breaks silence on limited screen time in ‘Animal’

      Bobby Deol breaks silence on limited screen time in ‘Animal’

      Vicky Kaushal’s ‘Sam Bahadur’ struggles in Box Office clash with ‘Animal’

      Vicky Kaushal’s ‘Sam Bahadur’ struggles in Box Office clash with ‘Animal’

      “Sometimes Kabaddi Players Get Paid More Than Me”, Abhishek Bachchan

      “Sometimes Kabaddi Players Get Paid More Than Me”, Abhishek Bachchan

      Bargain bucket Harry Potter book ‘worth £60,000’

      Bargain bucket Harry Potter book ‘worth £60,000’

      Rani Mukerji, Kajol break silence on their cold war

      Rani Mukerji, Kajol break silence on their cold war

      British Pakistani Opera Star Saira Peter releases Maulana Rumi’s Qawwali fusion

      Saira Peter stuns audience at Lahore gymkhana

      I am a woman not a parcel, Alia Bhatt out bursts

      After Rashmika, Alia Bhatt falls prey victim of deepfake video

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      Scoring 100 international centuries ‘tough job’ for Kohli, says Brian Lara

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      Dhakha test: Spinners drag Bangladesh back into match

      Nida, Bismah reflect on Pakistan’s historic T20 series win over New Zealand

      Nida, Bismah reflect on Pakistan’s historic T20 series win over New Zealand

      PCB grants NOCs to Haris Rauf, Usama Mir, Zaman Khan for BBL

      PCB grants NOCs to Haris Rauf, Usama Mir, Zaman Khan for BBL

      Bangladesh secures historic win in Sylhet test as New Zealand fail trial by spin

      Bangladesh secures historic win in Sylhet test as New Zealand fail trial by spin

      Bangladesh near victory as New Zealand fail trial by spin

      Bangladesh near victory as New Zealand fail trial by spin

      Imad Wasim signs Melbourne Stars for Big Bash League 2023/24

      Imad Wasim signs Melbourne Stars for Big Bash League 2023/24

      Sarfraz ton saves Pakistan from defeat

      Shan Masood hints Sarfaraz Ahmed as first-choice wicketkeeper against Australia

      Namibia secure their place at ICC T20 World Cup 2024

      Namibia secure their place at ICC T20 World Cup 2024

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      A journey of economic success during the tenure of the Army Chief: Gen Syed Asim Munir

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      PM Kakar approves plan to bring PayPal, Starlink to Pakistan

      PM Kakar directs for national strategy to meet climate change challenges

      Water, a vital nutrient for maintaining overall health, well-being

      How many glasses of water should you drink on a daily basis?

      Conquering Overthinking: Strategies for a Clearer Mind

      Conquering Overthinking: Strategies for a Clearer Mind

      Always Love Yourself First: Embracing Self-Love and Respect

      Always Love Yourself First: Embracing Self-Love and Respect

      Exploring the Path to Real Happiness: Living in the Present with Joy

      Exploring the Path to Real Happiness: Living in the Present with Joy

      No need to nullify NAB laws, Supreme Court

      PTI to return assembly if wants amendments in NAB laws, SCP

      IK including Bushra Bibi declares his assets including

      Imran Khan spend Rs900 m at Prime Minister Office between 2019 to 2021

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      US dollar falls below 290 mark against rupee

      Web Desk by Web Desk
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      The US dollar continued its downward spiral against the Pakistani rupee for the 16th consecutive session on Tuesday, sliding below the Rs290 mark for the first time in around six weeks.

      The greenback lost Rs1.06 against the rupee in the interbank market today. The local unit closed at Rs289.80 after appreciating 0.37% from yesterday’s close of Rs290.86, according to the State Bank of Pakistan (SBP).

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      Following a massive crackdown against the illegal currency trade the US dollar shed its value by around Rs17.46 from its highest level against the rupee.

      ‘Rupee’s appreciation might not sustain for very long’

      Talking to media, capital market expert Saad Ali said Monday that the recent appreciation of the rupee was majorly driven by the government’s crackdown against the illegal currency trade.

      The analyst did not see any fundamental reason behind the flight of the local unit against the greenback. “I feel that it might not sustain for very long.”

      Responding to a question, Ali said that he did not think that the dollar would fall to Rs250, adding that it might just come down to the level where the rupee was when the caretaker government took over.

      “Dollar might come down to around Rs285,” he added.

      Last week, Sindh Governor Kamran Khan Tessori claimed that the market will see a further decline in the dollar rate, adding that the greenback will fall to Rs250-255 against the local unit in the coming days.

      During the last week, the local unit appreciated another 1.74% and settled at 291.76 against the greenback. Experts see administrative and enforcement measures behind the recent significant recovery of the rupee’s value against the US dollar.

      Taking to his X handle, brokerage house Arif Habib Limited’s (AHL) CEO Shahid Ali Habib said: “PKR gained over 5.3%, or Rs15.3 against USD in the last thirteen consecutive trading sessions due to strict measures against Afghan transit and hawala.”

      “We expect PKR to further gain in coming days to at least reach Rs278-280 against USD, if these positive measures continue like this and some external flows materialise timely,” Habib added.

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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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