The Pakistani rupee was able to thwart the pressure against the US dollar on Thursday as it gained 26 paisas in value in the interbank market, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the local currency was appreciated by 26 paisas against the greenback and ended the day at Rs283.66.

https://twitter.com/StateBank_Pak/status/1641384971632869382

On Wednesday, the Pakistani rupee failed to hold ground against the US dollar, depreciating by 0.13% in the interbank market. The rupee settled at 283.92, a loss of 37 paisas. 

https://twitter.com/StateBank_Pak/status/1641017856870731776

The market is still awaiting some good news about resumption of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) programme.

In a key development, Prime Minister Shehbaz Sharif had claimed that the IMF was onboard with the new programme but asked for a step-by-step guarantee “fulfilled from friendly countries before it releases bailout funds”.

The prime minister told the National Assembly “We are hopeful that the commitments from friendly countries will also be done.”

 
Reporter Ashraf Khan