Karachi: The Pakistani rupee remained highly volatile and continued its losing streak against the US dollar on Tuesday. It lost Rs2 in the interbank market despite Finance Minister Miftah Ismail assuring that the International Monetary Fund (IMF) program would be revived within the next two days. According to the State Bank of Pakistan (SBP), the US dollar closed at Rs211.48, after appreciating Rs2, or 0.72%, against Monday’s record high of Rs209.96.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

SBP likely to raise interest rate to unlock IMF loan programme

State Bank of Pakistan (SBP) is likely to raise the interest rate…

FBR Shifts Tajir Dost Scheme Focus to High-Potential Retailers

The Federal Board of Revenue (FBR) has revised the Tajir Dost Scheme,…

Founder of Akhuwat foundation receives Ramon Magsaysay

Pakistani philanthropist and founder of Akhuwat Foundation has received the Ramon Magsaysay…

Philippines protests Chinese ship affair in South China Sea

Manila: On March 29, the Philippines filed a diplomatic protest over a…