Follow Us on Google News
KARACHI: Following three straight losses, the Pakistani rupee made some progress versus the US dollar on Thursday, rising by 0.76% in the interbank market.
At close, the currency settled at 287.20, an increase of Rs2.18, as per the State Bank of Pakistan (SBP).
Interbank closing #ExchangeRate for today https://t.co/e9M6aIzWPj#SBPExchangeRate pic.twitter.com/hpFQKlN3E9
— SBP (@StateBank_Pak) August 3, 2023
On Wednesday, the rupee had registered a loss for the third straight session against the US dollar and depreciated 0.64% to settle at 289.38.
In a key development, the Senate on Wednesday passed a law allowing the establishment of state-owned Pakistan Sovereign Wealth Fund to stabilise the country’s economy through diversification and to generate wealth for future generations.