Karachi: The State Bank of Pakistan (SBP) on Tuesday reversed its uptrend as the local currency lost Rs2.38 due to renewed uncertainty regarding the renewal of the International Monetary Fund (IMF) programme. According to the State Bank of Pakistan (SBP), the local currency closed at Rs206.94 against the US dollar in the interbank market, after a fresh decline of Rs2.38, or 1.15%. Despite clarity from Finance Minister Miftah Ismail regarding the IMF programme being on track, investors remained concerned about the delay in the revival.
