The downward trajectory of the Pakistani rupee against the US dollar pressed ahead unhindered for the 21st consecutive session as it shed another 24 paisas in interbank trading on Wednesday, reported 24NewsHD TV channel.
According to the information collected from the forex dealers, the greenback went up by 34 paisas in the morning session to be traded at Rs229.
However, at the close f the market, the US dollar gained 25 paisas to close at Rs228.91.
https://twitter.com/StateBank_Pak/status/16156678947839877
API Response: <!DOCTYPE html> <html lang="en" class="dog"> <head> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>X / ?</title> <meta name="version" content="1"> <link href="https://abs.twimg.com/favicons/twitter.3.ico" rel="shortcut icon" type="image/x-icon"> <link rel="stylesheet" href="https://abs.twimg.com/errors/fullscreen_errors-047ca1475a6efac7c9c89a9ff92b7a20.css"> </head> <body dir="auto"> <div class="top"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1519 200"> <defs/> <path d="M708 103l9-5 13 1 2-2 5 1h8l1-1 42-5h7l7 3v1l12-2a9368 9368 0 0129-6l2-5 12 1 6-2 3 1 2 1v-2l13-2v1l4 2 7-1h1l17-3 1 2 4-1 18-7 3-1 4-1h9l13-1 1-4 3-2 13 1v2l22-2 10-3h6l10 5 16-5 15-3 2-1 8-4 6-2 12-1 7-2 8 5 7 1 22-9h7l5-1v-1l25-3 1 2 5 2v1h11l2 1 8-4h3l-1 1h11l10-6 6 3 9-1 4-1 1 1 1-2 6-1 1-1 10-2h2l7-5v1h4l3-1c11 0 23 2 34-3 2-2 7 0 10 0l12 1 4 1 9 2 12-1 11-3 11 1h4l10-6 17 1 2 1c9 2 19-3 22-11l1-1 9 1 15-5c3-1 9 4 9-5 5 0 5 3 5 7l2 3 4-1 4-2 9-4 3-3h3l8-4 6-3 26 2 7-4h18l7 1c10 3 13-6 17-12l8 4 3-1 14-3 15-2a38 38 0 01-5-1l-8-4 7-8 8-4-10-136-922 71 16 205z"/> <path d="M-36 193l9-5 13 1 2-2 5 1h8l1-1 42-5h7l7 3v1l12-2a9328 9328 0 0129-6l2-5 12 1 6-2 3 1 2 1v-2l13-2v1l4 2 7-1h1l17-3 1 2 4-1 18-7 3-1 4-1h9l13-1 1-4 3-2 13 1v2l22-2 10-3h6l10 5 16-5 15-3 2-1 8-4 6-2 12-1 7-2 8 5 7 1 22-9h7l5-1v-1l25-3 1 2 5 2v1h11l2 1 8-4h3l-1 1h9a6 6 0 002 0l10-6 6 3 9-1 4-1a6 6 0 001 1l1-2 6-1 1-1 10-2h2l7-5v1h4l3-1c11 0 23 2 34-3 2-2 7 0 10 0l12 1 4 1 9 2 12-1 11-3 11 1h4l10-6 17 1 2 1c9 2 19-3 22-11l1-1 9 1 15-5c3-1 9 4 9-5 5 0 5 3 5 7l2 3 4-1 4-2 9-4 3-3h3l8-4 6-3 26 2 7-4h18l7 1c10 3 13-6 17-12l8 4 3-1 14-3 15-2a37 37 0 01-5-1l-8-4 7-8 8-4-10-136-922 71 16 205z"/> </svg> </div> <div class="container"> <div class="content"> <a href="https://twitter.com" title="X logo"> <svg viewBox="0 0 24 24" aria-hidden="true" class="x-logo"><g><path d="M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z"></path></g></svg> </a> <h1 id="header">Nothing to see here</h1> <p id="description">Looks like this page doesn’t exist. Here’s a picture of a poodle sitting in a chair for your trouble.</p> <a id="button_search" href="/" class="button">Looking for this?</a> </div> <img id="image" src="https://abs.twimg.com/errors/ErrorState_NotFound.png" alt="A primped poodle with a bow in its hair sitting in a chair like a human."> <div class="footer"> <ul> <li><a href="https://twitter.com/" id="footer_home">Home</a></li> <li><a href="https://status.twitterstat.us/" id="footer_status">Status</a></li> <li><a href="https://twitter.com/tos" id="footer_tos">Terms of Service</a></li> <li><a href="https://twitter.com/privacy" id="footer_privacy">Privacy Policy</a></li> <li><a href="https://support.twitter.com/articles/20170514" id="footer_cookie">Cookie Policy</a></li> <li><a href="https://legal.twitter.com/imprint" id="footer_imprint">Imprint</a></li> <li><a href="https://business.twitter.com/en/help/troubleshooting/how-twitter-ads-work.html" id="footer_ads">Ads info</a></li> <li dir="ltr">© X Corp. <span id="copyright-year">    </span></li> </ul> </div> </div> </body> <script src="https://abs.twimg.com/errors/404-8651f633fd193e0b546010676a4fac06.js"></script> </html>
On Tuesday, the local currency depreciated 0.14% in the inter-bank market as it declined by 32 paisas to close at 228.66.
During the ongoing fiscal year, the rupee has depreciated 10.47% against the greenback.
In a key related development, Federal Minister for Finance and Revenue Affairs Ishaq Dar had said that exporters of textile products, leather goods, surgical instruments, carpets, and sports goods would be given complete facilitation on the import of raw material/inputs to meet their export requirements.
The top priority of the government is to fully implement the Export Facilitation Scheme (EFS) of the Federal Board of Revenue (FBR) bringing all big exporters within the ambit of the scheme to allow duties and taxes-free inputs for goods to be exported.
Moreover, the Exchange Companies Association of Pakistan (ECAP) suggested introducing and setting the special exchange rate of the US dollar against the rupee for export-import bills and remittances.
Reporter Ashraf Khan
