The IMF had asked Pakistan to end state control of the rupee and let the currency move freely.
Currency traders were of the view that the increasing inflows of remittance in have supported the local rupee in the market.
The IMF asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar.
The stringent conditions – on which the global moneylender has formally approved the bailout package of $6 billion for Pakistan – seemed to have exerted more pressure on the local currency.
Besides increased demand of the greenback in the local market, they had termed ‘balance of payments deficit’ as the main reason in the recent hike in the value of the US dollar.
According to stock market analysts, despite recent simmering Pak-India tensions and the current uncertain political situation in the country, investors have shown interest in the stock market due to a likely fall in interest rates.مزید پڑھ: Dunya News
Fake housing scheme in name of Bilawal Bhutto revealed in KarachiThe accused collected millions of rupees from the citizens through fake housing scheme. پتا نہیں یہ گھر کسی ضرورت مند کو ملنے بھی کہ نہیں 🤔
ڈالر کی قدر میں 30 پیسے اضافہڈالر کی قدر میں 30 پیسے اضافہ Pakistan Dollar Rupees Rate Trading Business kse_100 StateBank_Pak pid_gov MoIB_Official a_hafeezshaikh ImranKhanPTI PTIofficial
IHC to hear disqualification plea against Fawad Chaudhry on Oct 9The petition was filed against Fawad Chaudhry under Article 62(1)(f) for concealing his assets.
Pakistan ready to prevent series from whitewash against Sri Lanka today - 92 News HD PlusPakistan are ready to prevent T20I series from whitewash against Sri Lanka as the two sides meet in the third and final match today (Wednesday).
Hong Kong pro-democracy activist appeals against sentence as more protests loom
Sri Lanka win toss, elect to bat against Pakistan in final T20I - 92 News HD PlusLAHORE (92 News) – Sri Lanka won the toss and elected to bat against Pakistan in the third and final T20I at Gaddafi Stadium on Wednesday.