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KARACHI: Pakistani rupee on Thursday recovered Rs0.43 against the US dollar in interbank market.
As per the State Bank of Pakistan (SBP), the rupee settled at 282.42, an improvement of Rs0.43.
Interbank closing #ExchangeRate for todayhttps://t.co/OceLaU3tIK pic.twitter.com/4Gzj0JTabq
— SBP (@StateBank_Pak) March 16, 2023
A day earlier, the rupee remained under pressure against the US dollar, settling at 282.85 in the inter-bank market on Wednesday, a decline of Rs0.56 or 0.2%.
Meanwhile, Prime Minister Shehbaz Sharif reiterated on Wednesday that a staff-level agreement with the International Monetary Fund (IMF) would be reached in the next few days as the government had accepted even the “toughest” conditions laid down by the global financial institution.
Moreover, Minister for Finance and Revenue Ishaq Dar on Thursday said that Pakistan would not compromise on its nuclear and missile programs for reviving the stalled International Monetary Fund (IMF) loan deal.
“Let me assure you that nobody is going to compromise anything on the nuclear or the missile program of Pakistan — no way,” Dar said during the Senate’s session today.
Eariler, Senator Rabbani had raised some questions on the reasons behind the delay in the agreement with the International Monetary Fund (IMF), which would offer a critical lifeline to tame a balance-of-payments crisis.