Rupee continues recovery streak against dollar
Before 12pm, the local currency was being quoted at 268.50, an improvement of nearly Rs5. In the last couple of days, PKR appreciated after hitting its record low against the greenback.On Wednesday, the rupee continued its upward trajectory against the dollar and closed at 273.33 against the US dollarMoney exchangers are calling it a positive development for the dilapidating economy. Rupee gained momentum as the cash-strapped county is expected to reach a staff-level agreement with IMF, with government officials claiming that the negotiations went successful between the two sides.Lately, Minister of State for Finance Aisha Ghaus Pasha also shared an update for a revival of the stalled bailout package, confirming that an understanding has been reached with the US-based lender.Pasha maintained that clearance has also been secured at the prime minister level and added discussions are heading in a positive direction. SuchTV, 09 Feb, 2023
Visit to News Source Webpage
More Business & Finance News
View More News
Disclaimer:
All information on this page are taken from third party reliable sources of relevant industry channels, with simple aim just for general information for our users. Hamariweb never endorse or recommend for any trading advice as well as accuracy of data provided here.