Remittance time as Pakistani Rupee hits 19-month low against US Dollar
Dubai: The Pakistani rupee (PKR) continued its downward trajectory, hitting a 19-month low in the interbank market against the US dollar on Monday. At the close of trading, the currency settled at PKR 284.22 per USD, marking a depreciation of 25 paisas compared to the previous session. Exchange rate also falls to Rs77.68 against one Dirham, promoting more Pakistanis in the UAE remit money back home. “We have seen surge in remittances to Pakistan since last night due to better conversion ra
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