The US dollar continued to give tough time to the Pakistani rupee as it again went up in the interbank trading on Monday, reported 24NewsHD TV channel.

As per the State Bank of Pakistan, the greenback was appreciated by 70 paisas and ended the day at Rs287.63.

https://twitter.com/StateBank_Pak/status/1668225052305924096

On Friday last, the Pakistani rupee was depreciated by 0.43 percent in the interbank market, maintaining its rather stable run to settle at 286.93 against the US dollar.

https://twitter.com/StateBank_Pak/status/1667129240146575360

In a key development, Prime Minister Shehbaz Sharif had expressed his optimism regarding Pakistan’s chances of striking a deal with the International Monetary Fund (IMF) this month, saying that the government has accepted all the conditions of the global lender and implemented them.

PM Shehbaz regretted that the previous government of Pakistan Tehreek-e-Insaf (PTI) reneged on its agreement with the IMF which led to a “very serious economic situation”.

The resumption of the bailout programme, which has remained stalled since November, is crucial for the cash-strapped economy facing a balance of payment crisis.

The current programme is scheduled to expire on June 30.

Reporter Ashraf Khan