The Pakistani rupee shed more paisas against the US dollar during the interbank business on Thursday, reported 24NewsHD TV channel.
According to the State Bank of Pakistan, the local currency weakened by another 22 paisas against the greenback and ended the day at Rs285.62.
Interbank closing #ExchangeRate for todayhttps://t.co/fRtYJDPiL5#SBPExchangeRate pic.twitter.com/JcMVuE4BTx
— SBP (@StateBank_Pak) May 18, 2023
On Wednesday, the Pakistani rupee was depreciated by 0.15% in the interbank market and ended the day at Rs285.40, down by 44 paisas.
Interbank closing #ExchangeRate for todayhttps://t.co/He0uYuHE4Z pic.twitter.com/yoyeFZiQRt
— SBP (@StateBank_Pak) May 17, 2023
In a key development, Minister of State for Finance Aisha Ghaus Pasha had reiterated that the way forward for the country is to remain in the International Monetary Fund (IMF) programme and the Finance Division and the Federal Board of Revenue (FBR) are constantly engaged with the Fund.
The minister had said that the government has made considerable progress with respect to the IMF programme and does not want to detract.
Experts say the resumption of the IMF programme, which remains stalled since last year, is crucial for the debt-ridden economy.
Reporter Ashraf Khan