Sunday, October 11, 2026 · Petrol Rs 398.3 · USD/PKR 277.05 · Gold Rs 442036/tola
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August 27, 2024

News Desk

Rupee gains as government pushes for IMF approval

KARACHI: The Pakistani currency appreciated by Rs 0.08 to Rs 278.42 against the US dollar in the interbank market, continuing its rally for the second consecutive business day. The rise comes as the government accelerates efforts to meet the final condition needed to secure the remaining portion of foreign financing for a new $7 billion International Monetary Fund (IMF) loan program. According to data from the State Bank of Pakistan (SBP), the domestic currency has gained a cumulative Rs 0.24 against the dollar in the past two days. The Exchange Association of Pakistan (ECAP) reported that the local currency remained

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