Last week, the Pakistani rupee endured a massive drubbing at the hands of US dollar. The PKR lost Rs70.45 or 25.59%, while it plummeted by 48.87% against the USD in the last seven sessions.
According to the general secretary of the Exchange Companies Association of Pakistan , the rupee appreciation could be attributed to the encashment of the pending proceeds by the exporters into the PKR. He was of the view that rupee health would be improved further as Pakistan was about to sign an agreement with the IMF for ninth tranche amounting to $1.18 billion.
The IMF mission which is currently visiting Pakistan is beginning policy-level talks today after concluding extended technical consultations on Monday. During its technical level talks, the IMF mission chief demanded clear action to bridge the daunting fiscal gap — between 2 to 2.5 trillion rupees. The lender has set several conditions for resuming the bailout, including an increase in power tariff, restoration of unrestricted imports and raising the petroleum development levy on diesel.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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