PKR Continues Upward Momentum

Fri Oct 07 2022
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ISLAMABAD: The Pakistani rupee’s recovery streak continued on Friday by a jump of Rs2.24 against the dollar during early trade in the interbank market.

The local currency was being traded at Rs219.7 per dollar at 10am, according to the Forex Association of Pakistan (FAP). This equates to an appreciation of one percent from yesterday’s closure of Rs221.94.

The rupee has recovered by Rs17.77 or 7.41pc in the last 10 sessions after falling close to an all-time low of Rs239.94 on September 22nd.

Earlier this week, Finance Minister Ishaq Dar assured the nation that with the help of his policies, he would soon bring down the dollar to below 200.

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