Pakistani rupee gains Rs 0.16 against US dollar

Pakistani rupee (PKR) on Friday continued its recovery and appreciated by Rs 0.16 against the US dollar in the interbank trading and closed at Rs 278.50 against the previous day’s closing of Rs278.66. As per the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.2 and Rs 280.4 respectively. The price of Euro came down by Rs 0.20 to close at Rs 300.82 against the last day’s closing of Rs 301.02, according to the State Bank of Pakistan (SBP).