PKR continues losing streak, falls by Rs0.53 against USD

PKR continues winning streak, gains 89 paisa in interbank

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Karachi: The interbank dollar fell 89 paise against the Pakistani rupee on Thursday.

The dollar closed at 175.52 rupees on the fourth working day of the week, compared with the previous close of 176.41 rupees.

The gains were mainly due to market positivity generated by the IMF Board’s approval to release the 6th tranche of US$1 billion under Pakistan’s Expansion Fund Facility (EFF) program.

With the approval of the $1 billion loan, IMF lending under the program will increase to $3 billion. The remaining $3 billion will be paid upon completion of the remaining program reviews.

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