US dollar loses ground against Pakistani Rupee

By: News Desk
Published: 10:28 AM, 4 Jul, 2022
US dollar loses ground against Pakistani Rupee
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US dollar has continued its downward trend against the Pakistani Rupee and lost 39 paisas value in the interbank trading on the first day of the business week, reported 24NewsHD TV channel. 

After a decrease of 39 paisas, the American currency reached Rs204.56 against the local currency.

The local currency has been performing well after Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the IMF for the combined seventh and eighth reviews of its $6 billion loan programme, which has been stalled since April. 

Last week's Friday closing of the US dollar was Rs204.85.

  Reporter Ashraf Khan