US dollar inches up vs Pakistani Rupee, closes at Rs237.91 in interbank

By: News Desk
Published: 10:39 AM, 19 Sep, 2022
US dollar inches up vs Pakistani Rupee, closes at Rs237.91 in interbank
Stay tuned with 24 News HD Android App
Get it on Google Play

The US dollar on Monday gained Rs1.01 against the local currency and reached Rs237.91 in interbank trading, reported 24NewsHD TV channel.

Karachi forex traders said that the American currency has reached Rs238 from Rs236.84, however, closed at Rs237.91. 

On the other hand, Pakistan Stock Exchange (PSX) witnessed positive trading at the start of the first day of the trading week as KSE-index gained 77 points and reached 41756. 

This US dollar flight is continued and the federal government authorities tasked FIA to control the US flight and it has been decided to launch crackdown against hoarders and hundi dealers.

Earlier, International Monetary Fund (IMF) Resident Representative to Pakistan Esther Perez Ruiz Sunday offered sincere condolences on the devastations caused by the flood in Pakistan. She said that Pakistan will be supported under the loan program along with other international institutions.

Esther said that IMF is very saddened by the damages caused by the flood in Pakistan and stands in support of the flood victims.

“Pakistan will have support from the IMF for the restoration and rehabilitation of the flood-hit areas and the affected people,” IMF official added.

Also, Saudi Arabia has extended the date of return of 3 billion dollars to Pakistan by one year. According to the State Bank of Pakistan (SBP), Saudi Fund for Development has confirmed to roll over 3 billion dollars.

Reporters Ashraf Khan, Habib Khan