Pakistani rupee resists US dollar’s onslaught
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The Pakistani rupee on Thursday resisted US dollar’s onslaught by gaining 43 paisas in its value in interbank trading, reported 24NewsHD TV channel.
According to the State Bank of Pakistan, the local currency went up by 43 paisas and ended the day at Rs282.42.
Interbank closing #ExchangeRate for todayhttps://t.co/OceLaU3tIK pic.twitter.com/4Gzj0JTabq— SBP (@StateBank_Pak) March 16, 2023
On Wednesday, the local currency remained under pressure against the US dollar, settling at 282.85 in the inter-bank market.
Interbank closing #ExchangeRate for todayhttps://t.co/SGFirA8wjT pic.twitter.com/websY5Vsxp— SBP (@StateBank_Pak) March 15, 2023
Speaking to a delegation of the Council of Pakistan Newspaper Editors (CPNE) on Wednesday, Prime Minister Shehbaz Sharif reiterated that a staff-level agreement with the International Monetary Fund (IMF) would be reached in the next few days as the government had accepted even the “toughest” conditions laid down by the global financial institution.
Shehbaz said at the time of assuming government he did not know that his predecessor Imran Khan had agreed on harsh conditions with the IMF which he later violated to undermine Pakistan’s reputation.
Reporter Ashraf Khan