The Pakistani rupee’s value increased against the US dollar in both the interbank and open market. In the interbank, the dollar was being exchanged at Rs302.40, down from the previous rate of Rs304.94. In the open market, the dollar fell by Rs3 and was being traded at Rs304 from Rs307. This comes after the central bank’s decision to introduce reforms in the exchange companies’ sector to improve services, transparency, and competitiveness. The strengthening of the rupee can also be attributed to assurances given by the army chief to the business community. Additionally, there has been an increase in the supply of dollars, with people selling them in the interbank.
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