PKR gets more value against dollar in interbank market

The rupee’s upward trajectory against US dollar continued on Wednesday, as it gained Rs4.28 in the interbank market. The greenback was being traded at Rs221.75.

The development comes against the backdrop of $1 billion of investment from the United Arab Emirates and the update on the International Monetary Fund tranche, which last week said Pakistan met the last prior action of the global lender pertaining to the bailout package.

The Pakistan Stock Exchange also showed positive momentum at the start of trading as the KSE-100 index had gained 632.51 points or 1.5% by 10:45am to reach 42,728.75 points.

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