KARACHI – The Pakistani rupee continued its upward momentum against the US dollar, appreciating 0.31 percent in the inter-bank market on first working day of the week.
During the trading in interbank, the local currency was hovering at 262.01, with an increase of Rs0.81.
Last week, the local currency gained around 2.45 percent against the greenback. The country’s central bank also reported an increase in foreign exchange reserves, which returned to $3.19 billion, after touching critical levels below $3billion.
All eyes are now on the revival of the IMF bailout package which is expected to help the economy of crisis hit Pakistan.
This is an intraday update…
