Pakistani rupee strengthens against USD


ISLAMABAD, Feb. 8 (Xinhua) -- Pakistani rupee gained strength against the U.S. dollar as the greenback was being traded at 273.33 rupees in the interbank on Wednesday, according to the State Bank of Pakistan.

The U.S. dollar closed at 276.28 rupees on Tuesday.

According to market analysts, the positive development in the ongoing talks of an International Monetary Fund (IMF) delegation with the government generated positive sentiments in the market.

Additionally, exporters have started bringing their proceeds from abroad as they perceive the market is moving toward stability, especially with positive reports regarding the negotiations.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Former tabloid publisher to face more questions in Trump hush-money trial
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
'Lucky to have him': Australia mourns refugee guard killed in Bondi attack
Trump ready to renew conservative alliance with Hungary's Orban
Kenya Airways accuses Congo of harassment over detained staff
Inside Big Tech’s underground race to buy AI training data
Ireland says UK's Rwanda policy drives migrants over its border
Somalia detains U.S.-trained commandos over theft of rations
A Chinese firm is America’s favourite drone maker – except in Washington
Smaller towns in South Korea bear brunt of doctors’ shortage

Others Also Read