The Pakistani rupee recorded a marginal increase against the US dollar in the interbank market on Wednesday, reported 24NewsHD TV channel.

As per the information collected from forex dealers, the local currency appreciated by 13 paisas against the greenback and was currently being traded at Rs277.95.

On Tuesday, the Pakistani rupee had registered a meagre improvement in its value as it settled fro the day at Rs278.08.

In a key development, the Board of Directors of Pakistan International Airlines Corporation Limited (PIACL) has taken a significant step towards the privatization of the national carrier by approving a Scheme of Arrangement (SoA) in its 83rd meeting.

This decision, aimed at restructuring the airline, was sanctioned along with its ancillary modalities and is set to be filed with the Securities and Exchange Commission of Pakistan (SECP).

Reporter Ashraf Khan