US dollar falls by 61 paisas, reaches Rs159.30 in interbank
KARACHI (92 News) – The US dollar fell by 61 paisas to reach Rs159.30 in the interbank market on Tuesday as the trading is continuing for the day.
On the other hand, the KSE-100 index recorded a gain of 450 points to close at 34,370 points.
Earlier on May 5, the US dollar continued its impressive run against the Pakistani Rupee as the dollar value increased by Rs0.87 at interbank reaching the highest level in history at Rs168.
The value of the US dollar has been rising against PKR for the past four days, USD rose to Rs162 after a rise of three Pakistani rupees at the interbank on Wednesday.
The latest increase in dollar value has hiked the debt burden on the country by billions of rupees. As per details, foreign investors’ withdrawal of domestic loans and short-term investments from stock markets led to a decline in the value of the rupee.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
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