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Today’s US dollar rates in Pakistan

KARACHI: The buying rate of the US dollar was 156.7, while it was sold at 157.3 on Tuesday, March 16 at the closing of Pakistan’s currency market.

Dealers said the local unit managed to register nominal gains due to thin dollar demand from importers and corporates for payments.

 Moreover, improvement in the dollar liquidity also supported the rupee. “There were routine payments. Exporters started forward selling of the dollars, which helped the rupee gain grounds,” a foreign exchange dealer said.

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