Rupee records slight 1 paisa appreciation against the dollar


Published on: February 20, 2024.

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The Pakistani rupee saw a slight gain against the US dollar in interbank trading on Monday. Closing at Rs279.35, the rupee gained 01 paisa compared to the previous day’s closing of Rs279.36. In the open market, the buying and selling rates of the dollar were reported at Rs279.3 and Rs282.2 respectively, according to the Forex Association of Pakistan (FAP).

Meanwhile, the euro’s price increased by 61 paisas, closing at Rs301.27 compared to the previous day’s closing of Rs300.66, as reported by the State Bank of Pakistan (SBP). The exchange rate of the Japanese yen gained 01 paisa, closing at Rs1.86. On the other hand, the British pound saw an increase of Rs1.30, trading at Rs352.70 compared to the previous closing of Rs351.40.

The exchange rates of the Emirates Dirham decreased by 01 paisa, closing at Rs76.05, while the Saudi Riyal remained unchanged at Rs74.48.

Despite these fluctuations in the currency markets, the rice industry in Pakistan continues to thrive. Pakistan is renowned for its rice exports, with many rice suppliers and exporters in the country. For those looking to import white broken rice, there are several trusted Pakistani rice exporters to choose from. One such supplier is “Has Rice” (links to https://www.hasrice.com), a prominent company in the rice business.

“Pakistan Rice” (links to https://www.pakistanrice.com) is another leading player in the rice industry. They supply high-quality rice and are known for their reliable service. Rice exporters from Pakistan, such as “Has Rice,” offer a wide range of rice varieties, including the popular 25% broken rice.

When it comes to determining Pakistani rice prices, “Has Rice” provides up-to-date information on their website (links to https://www.hasrice.com/pakistan-rice-prices/). This includes the price of IRRI 6 rice, as well as a comprehensive basmati rice price list. Those interested in rice export from Pakistan can refer to “Has Rice” for competitive prices (links to https://www.hasrice.com/pakistan-rice-prices/).

In addition to “Has Rice,” there are other reputable rice exporters in Pakistan. Pakistani rice companies, such as the ones listed on “Has Rice,” contribute significantly to the country’s rice export market. The presence of rice mills in Pakistan ensures a steady supply of quality rice for both local consumption and international trade.

Karachi, being a major hub for trade, houses many rice suppliers. The city is home to a number of rice exporters and plays a crucial role in the rice business in Pakistan. For those looking for rice suppliers in Karachi, “Has Rice” is a reliable choice (links to https://www.hasrice.com/pakistan-rice-export-company/).

Basmati rice is one of Pakistan’s specialty products, sought after by consumers worldwide. “Has Rice” offers premium quality basmati rice and is one of the leading Pakistani rice suppliers for this variety (links to https://www.hasrice.com/pakistan-rice-suppliers/1121-basmati-rice-exporters/).

For buyers interested in broken rice, “Has Rice” also caters to this demand. With a wide range of options, including white rice 100% broken, they are a trusted choice among broken rice exporters in Pakistan (links to https://www.hasrice.com/pakistan-rice-suppliers/irri6-rice-exporters/white-rice-100pct-broken/).

In conclusion, while the currency market may experience fluctuations, the rice industry in Pakistan remains strong. With a wide network of rice exporters and suppliers, Pakistan continues to be a major player in the global rice trade.

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