Previously Pakistani rupees
were used," says Ruhullah Amin, a teacher in the provincial capital Jalalabad.
During the period between May 1, 1990 and June 30, 1990, the Pakistani Rupee
has continued to slide aganst the hard currencies in particular Pound Sterling.
The Pakistani rupee
fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively devaluing the local currency.
A flexible Pakistani rupee
would allow narrowing the current trade deficit.
The direct bank transfer service enables Mashreq Bank customers to perform Pakistani Rupee
remittances to any bank account in Pakistan within a short span of time as opposed to the regular remittance transfer in the market which could take up to 2 days.
During the meeting, APTMA Chairman Yasin Siddik urged the Government to provide 10% rebate to textile exporters in order to protect themselves from inventory losses they incurred due to the fast appreciation of Pakistani rupee
against the US dollar.
The Pakistani rupee
is also under stress due to payments to the IMF.
KARACHI -- Chairman, Association of Builders and Developers, Arif Yousuf Jeewa on Thursday urged the government to control rates of steel bars as the dealers have unjustifiably raised the cost of steel bars after sudden rise in US dollar's valued against Pakistani Rupee
relationship between the REER and exports in the medium to long term, which suggests that increased Pakistani rupee
flexibility would help narrow the trade deficit.
US $ VERSUS PAKISTANI RUPEE
EXCHANGE RATES SINCE 1947 TO 2016
Hazrat Omar Zakhilwal regarding the reported ban on the holding of Pakistani rupee
in Afghanistan, the statement issued by the ministry said.
The government should work to protect the interest of the textile export sector, which has been sharply hit by sudden appreciation in value of Pakistani rupee
against US dollar over the past few months, All Pakistan Textile Mills Association (APTMA) group leader Gohar Ejaz and Chairman Punjab SM Tanveer said during a press conference.