KARACHI – Pakistani rupee regained momentum against the US dollar, moving up by Rs1.01 during the early hours of trading in the inter-bank market on Wednesday.
During the trading, the local currency hovered around 286.96 against the greenback.
Earlier this week, the embattled rupee witnessed back-to-back losses for consecutive sessions against the dollar and settled at 287.97.
Economic uncertainty in Pakistan looms large as Finance Minister Ishaq Dar hinted at the government’s ‘Plan B’, on rescheduling the bilateral external debt.
Islamabad’s chances for salvaging $6.5 billion IMF programme have apparently faded as it expires on June 30. Out of the $6.5 billion package, the US based lender has not yet disbursed $2.6 billion to cash-strapped Pakistan.
Today s currency exchange rates in Pakistan – Dollar, Euro, Pound, Riyal rates on June 14, 2023
