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PKR continues to appreciate against dollar

The Pakistani rupee maintained its stability throughout Monday’s interbank market trading session, which was the opening business day of the week.

Details indicate that the local currency increased by 50 paisas versus the US dollar and was trading at roughly Rs228.

The rupee has recovered cumulatively by Rs11.94 from its record high of Rs239.94 thanks to the most recent gains.

Dar, who took over as finance minister from Miftah Ismail, has reaffirmed that lowering the local currency’s exchange rate is one of his key priorities.

He warned: “No one will be permitted to play with the local currency. We believe in the market economy.”

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