KARACHI: USA dollar kept walking higher against rupee on Wednesday Wednesday record on from day to day creating frustration among stakeholders of in economy.
closure price of dollar in interbank market was 206.46 rupees, and increased by 1.30 rupees. On Tuesday, dollar valued at Rs 1.30 against local currency.
Fear of national default is high in in financial sector mainly because of sheer decline in foreign exchange reserves of National Bank. Every day finance minister issues an alarming statement about an external account of country, and at the same time failed open any window for tributaries of dollars.
Open market was a witness dollar price up to 208 rubles
Government has raised 834 billion rupees
government raised 834 billion rupees in the auction of market treasury bills on Wednesday while he took highest amount for three month newspaper.
It accepted 689.5 billion rupees. for three-month Treasury bills at a discounted rate off 15.25%. An amount of Rs 12.5 billion was raised. for both six- monthly and 12-month treasury bills on rate of 14.95 pcs each.
government raised Rs 714.5 billion at auction and Rs 119.6 billion was raised through non-competitive bids. total as 834.07 billion rupees.
government raised 27.460 billion rupees at the auction of Investment bonds of Pakistan.
An amount of Rs 9.08 billion was raised. for two-year PIB and 18.250 rupees for three-year PIB. it also attracted 125 million rupees as non-competitive bids.
Published in Dawn, June 16, 2022
