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The US dollar has put a stop to the Pakistani rupee’s progress and has severely weakened the local currency.

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According to currency dealers, the value of the dollar rose by 10 paisas in the interbank market on the fourth day of the working week, resulting in a dollar value of Rs278.55 in the interbank market.

Conversely, the exchange rate for the dollar in the open currency market is currently Rs 280.

The devaluation of the US dollar in the foreign currency market has ceased.

The value of the dollar had been steadily decreasing over the initial three days of this work week, but this tendency has ceased today.

Conversely, the upward trend in the Pakistan Stock Exchange persists. The 78,000-point level has been reached again, as the 100 Index rose by 450 points to reach a total of 78,444 points.

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