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Pakistani rupee gains against US dollar

KARACHI: The Pakistani Rupee (PKR) on Wednesday continued its winning streak in the interbank and open market against the dollar.

According to details, the US dollar lost Rs7.38 in the interbank against the rupee and was being traded around Rs231. In the open market, the greenback was being traded at Rs232.

A day earlier, the International Monetary Fund (IMF) on Tuesday confirmed that Pakistan has achieved all the set targets for the revival of the Extended Fund Facility (EFF) program.

The rupee has recovered for a third consecutive session after weeks of persistent declines in its value which has been largely attributed to the ease in import payments.

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