On Wednesday, price of gold fell nearly Rs7,800 per tola (11.66gm) to Rs 124,200 in Pakistan, in line with global markets, while the Pakistani rupee recovered sharply to Rs 172.78 against the US dollar in the interbank market after Saudi Arabia announced a $3 billion deposit in the State Bank of Pakistan (SBP) to help support foreign reserves.
Adviser to the Prime Minister on Finance Shaukat Tarin claimed that the IMF deal would be completed soon after the Kingdom of Saudi Arabia announced a financial package of $4.2 billion in the form of $3 billion in deposits and $1.2 billion in refined POL products.
