More steam added to the Pakistani rupee’s marathon-run against the US dollar in the interbank market on Thursday as the local currency registered its 17^th consecutive increase against the greenback, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the rupee steadily appreciated by another Rs1.01 and ended the day at Rs287.74.

https://twitter.com/StateBank_Pak/status/1707353848803959045

On Wednesday, the Pakistani rupee had continued to strengthen against the US dollar, gaining 0.36%. At close, the rupee had settled for Rs288.75 in the interbank.

https://twitter.com/StateBank_Pak/status/1706992724828966953

In a key development, repatriation of profits and dividend by foreign investors on their investment in Pakistan sharply rose by 74.46% during the first two months of this fiscal year (FY24).

Meanwhile, the State Bank of Pakistan has announced its closure on Friday on account of Eid Miladun Nabi.

https://twitter.com/StateBank_Pak/status/1706576504568873081

Reporter Ashraf Khan