{"id":306016,"date":"2023-01-07T08:55:20","date_gmt":"2023-01-07T03:55:20","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=306016"},"modified":"2023-01-07T08:55:20","modified_gmt":"2023-01-07T03:55:20","slug":"pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar\/","title":{"rendered":"Pakistani rupee suffers 13th consecutive loss to US dollar"},"content":{"rendered":"<p>ISLAMABAD: It has been 13th loss in a row for the Pakistani rupee as the US dollar\u2019s uninterrupted march continued in the interbank market on Friday. The forex dealers divulged to the TV channel that the greenback rose by another 13 paisas against the local currency and was currently being traded at Rs227.25. On Thursday, Pakistani rupee had registered a marginal loss against the US dollar, depreciating 0.07% in the inter-bank market. As per the State Bank of Pakistan (SBP), the rupee declined by 17 paisas to close the day at 227.12. The market was exected to see some positive development after Finance Miniseter Ishaq Dar\u2019s statement that Saudi Arabia is all set to boost its deposits in Pakistan, but the State Bank\u2019s data regarding forex reserves apparently dented such hopes severely. According to the SBP, the foreign exchange reserves held by the State Bank had falled by 4.2% on a week-on-week basis. On December 30, 2022 the forex reserves were recorded at $5,576.5 million, down $245 million as compared to $5,821.9 million on December 23. According to the SBP, the decrease in reserves came due to external debt repayment. Overall, the liquid forex reserves held by the country, including the net reserves held by banks other than the SBP, stood at $11,422.5 million. Net reserves held by banks amounted to $5,846 million. Earlier, in the week ended on December 23, the SBP\u2019s reserves decreased by $294 million to $5,821.9 million as Pakistan repaid some of its external debt. The decline in rupee\u2019s value persisted despite Federal Minister for Finance and Revenue Ishaq Dar\u2019s statement that Saudi Arabia \u201cis expected to beef up its deposits in Pakistan in a few days\u201d.  DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: It has been 13th loss in a row for the Pakistani rupee as the US dollar\u2019s uninterrupted march continued in the interbank market on Friday. The forex dealers divulged to the TV channel that the greenback rose by another 13 paisas against the local currency and was currently being traded at Rs227.25. On Thursday, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-306016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistani rupee suffers 13th consecutive loss to US dollar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistani rupee suffers 13th consecutive loss to US dollar\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: It has been 13th loss in a row for the Pakistani rupee as the US dollar\u2019s uninterrupted march continued in the interbank market on Friday. The forex dealers divulged to the TV channel that the greenback rose by another 13 paisas against the local currency and was currently being traded at Rs227.25. On Thursday, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-07T03:55:20+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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The forex dealers divulged to the TV channel that the greenback rose by another 13 paisas against the local currency and was currently being traded at Rs227.25. On Thursday, [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2023-01-07T03:55:20+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/pakistani-rupee-suffers-13th-consecutive-loss-to-us-dollar\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"Pakistani rupee suffers 13th consecutive loss to US 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