Pakistani rupee registers marginal decline against US dollar in interbank
By News Desk
November 8, 2023 11:22 AM
The Pakistani rupee registered a marginal decline against the US dollar in the interbank market on Wednesday as the talks with the IMF team continued, reported 24NewsHD TV channel.
According to the State Bank of Pakistan, the local currency shed 51 paisas against the greenback and ended the day at at Rs286.90.
On Tuesday, the Pakistani rupee had depreciated 0.38% to settle for the day at Rs286.39 against the US dollar.
In a related development, Pakistan and the International Monetary Fund (IMF) are likely to initiate policy-level talks from 13th November (Monday) onwards.
Caretaker Finance Minister Dr Shamshad Akhtar told the media that she is optimistic about the success of talks with the IMF on the first review while responding to questions outside the Finance Ministry. She added that talks are progressing positively as all the ministries and divisions have implemented the agreed targets and their performance is satisfactory.
Reporter Ashraf Khan