KARACHI: The Pakistani rupee declined against the US dollar on Friday, slipping by 0.10%.
By the end of the trading session, the local currency closed at Rs282.96, marking a depreciation of Re0.29 compared to Thursday’s closing rate of Rs282.67.
On the global front, the US dollar strengthened, gaining ground alongside traditional safe-haven currencies like the Japanese yen and Swiss franc. The surge followed reports that Israel had launched airstrikes on Iran, prompting a swift shift in currency market sentiment.
According to two US officials cited by Reuters, Israel has initiated strikes on Iranian territory, clarifying that the United States had no involvement or support in the military operation.
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